Started from Hong Kong Island

Chapter 442 [Prelude to the 440 Stock Market Crash]

After 3 days

Singapore's Sino Finance Company signed a contract with Cheung Kong Holdings Limited, under which Sino Finance Company will sell its 13.2% stake in Yeo Hiap Seng Group to Cheung Kong Holdings Limited for S$3 million.

With this acquisition, Chang Xin Company already held 43.3% of the shares of Yeo Hiap Seng Group. Therefore, Chang Xin Company launched an acquisition plan for Yeo Hiap Seng Group and announced that the acquisition would stop at 49.9% of the shares.

The Yang Jinglian family knew that the situation was hopeless, so they took advantage of the high stock prices to sell off their stocks.

On the fourth day, Cheung Hsin Company accidentally exceeded 4% of its shareholding, triggering the bottom line for a full acquisition. Cheung Hsin Company then announced a full acquisition of Yeo Hiap Seng Group at the current highest share price.

Cheung Hin Investment had borrowed nearly S$10 billion from Citibank to prepare for a full acquisition. Unexpectedly, Singaporean shareholders did not respond positively. It was not until half a month later that Cheung Hin Investment held 62% of the shares of Yeo Hiap Seng Group.

According to the current situation, Changxin Company's plan to fully acquire Yeo Hiap Seng Group is likely to fail.

The cooperation between Li Wendi and Huang Tingfang was not widely publicized. Instead, they signed a contract privately to set up a Japanese investment company, and successfully carried out business in Japan under the cover of companies such as Nikkatsu Film Company.

In fact, before this, Li Wendi had joined forces with the Zheng Yutong family and the Guo Desheng family to invest nearly 50 billion yuan in the Japanese market, owning 10 commercial buildings in Tokyo's core business district with a total floor area of ​​up to 450 million square feet.

As for investment in the stock market, Li Wendi and Zheng Yutong's family invested 10 billion yuan to buy a large number of high-quality company stocks, including some large companies such as Mitsubishi Heavy Industries.

In fact, Li Wendi's corporate group and family companies have invested no less than 130 billion yuan in Japan, and are expected to make at least three times the profit.

At the end of May 87, the Hong Kong government held an auction of government land and launched the former site of the Central Fire Station, which covers an area of ​​5 square feet and attracted active responses from many large conglomerates.

As the new generation of landlords in Central, Cheung Kong Group will naturally not be absent and has become the biggest rival feared by many consortiums.

"Mr. Li is determined to win the Central Land King."

"This is a rare piece of land in Central. The Changxin Group will not hold back."

Many real estate developers were talking about Li Wendi when they saw him.

Zheng Yutong and others couldn't help but come forward and tease Li Wendi, asking him not to quote the price too high.

The land king is always placed at the end of the auction to serve as the finale.

"The reserve price is 4.8 million yuan, and each bid must not be less than 100 million yuan. The bidding will begin now!" the auctioneer shouted excitedly.

"5 million!" The first person to bid was Luo Xurui of Century City Company. At this time, the market value of Luo Xurui's entire company was more than 40 billion yuan, which had surpassed the market value of Luo Yingshi's family's assets.

Li Wendi looked towards Luo Xurui, and a smile unconsciously appeared on the corners of his mouth. He had to admit that Luo Xurui was very powerful. In just three years, he increased the assets of Century City Company by dozens of times, which was really amazing.

"5.1 million!" Then it was Liu Luanxiong who called out the price.

Although Liu Luanxiong's company already owns two buildings in Central with a total floor area of ​​30 square feet, one more high-quality commercial building in Central is not a big deal.

"6 million yuan!" Li Wendi directly raised the price by 9000 million yuan. He just wanted to speed up the auction and was not very interested in this 2.26 square feet Central land.

He already owns too many properties in Central, so he has to leave some opportunities for others.

Many consortiums looked at each other in bewilderment, but some continued to bid, such as Hang Seng Bank, which bid 6.1 million.

Li Wendi just called out a price once and then did not make any more bids. Many consortiums were keeping an eye on Li Wendi's movements.

It was not until Hang Seng Bank bought the land for HK$8.4 million that the real estate developers were sure that Li Wendi was not really interested in the land. The auction price of the land was 7% higher than the reserve price, with the price per square foot being HK$37200, 82% higher than the transaction price of the Exchange Square land in 10, setting a new record for the sale of land in Central Hong Kong.

August 87
The acquisition battle of Standard Chartered Bank came to an end, and the consortium led by Pao Yue-kong defeated the acquisition case of British Lloyds Bank.

At this time, Pao Yue-Kong held a 15% stake in Standard Chartered Bank and spent 20 billion yuan to become the vice chairman of Standard Chartered Bank.

Li Wendi spent 16 billion yuan to acquire 8.7% of the shares of Standard Chartered Bank and became a director of Standard Chartered Bank.

Although Lloyds Bank failed, it made a lot of profit from the acquisition war. According to estimates by Li Wendi and others, the profit was no less than 3 million yuan.

As the global stock market crash of 87 was approaching, Li Wendi began to have his companies sell out their holdings and recover funds as quickly as possible.

Of course, these actions need to be carried out secretly and must not alarm the stock market.

However, some people noticed the actions of Changxin Group and other companies, which attracted reporters from Economic Weekly.

Faced with these sharp questions, Li Wendi said that this was a normal transaction for companies such as Changxin Group and that the current market conditions were very good. However, Li Wendi also urged investors to invest rationally and not to invest too much of their savings in the stock market.

However, these words attracted abuse from many shareholders. They believed that Li Wendi did not want them to make more money, but only wanted them to lose money so that Li Wendi could make money.

At the same time, Li Wendi asked the Changxin Group to start selling non-core properties in Central. Some small commercial buildings were among the properties for sale, but they were not sold at a reduced price. All were traded at market prices.

This move aroused the vigilance of some real estate developers, but more real estate developers happily acquired these Central properties.

Deep Water Bay Golf Course
Li Wendi swung and hit the ball, and the white ball shot out in a parabola and landed on the grass far away from the small flag.

After so many years, Li Wendi's skills have not improved much, which may be because Li Wendi does not pay attention to this sport at all.

"Wendy, I heard that your company is selling off a large number of properties, even the commercial buildings in Central. Is there some trick involved?" Zheng Yutong asked with a smile.

"Uncle Tong, I believe you have realized that the current world situation is not good and crises can come at any time. I have invested in too many projects in the past two years, so I naturally have to be more cautious." Li Wendi said with a meaningful smile.

"Asheng, what do you think?" Zheng Yutong looked at Guo Desheng beside him.

"What Wendy said makes sense. Sun Hung Kai Properties is also selling some properties, but the scale is not as great as that of Cheung Kong Holdings," said Guo Desheng.

"Mr. Guo, you are using me as a shield. You must treat us to breakfast today." Li Wendi said jokingly.

"Okay, I'll pay for today's breakfast." Guo Desheng naturally wouldn't care about such a small amount of money.

"Then should we withdraw all our investments in Japan?" Zheng Yutong asked, leaning on his golf club.

"Don't worry, Uncle Tong. I have already asked people to sell off the properties. Many financial groups are willing to take over the commercial buildings in Tokyo's business district." Li Wendi said with a smile, "It's time for us to leave Japan."

"That's good!" Zheng Yutong didn't care much about the Japanese market, and it was always Li Wendi who was in charge.

"So which country should we invest in next?" Guo Desheng asked.

Li Wendi glanced at Zheng Yutong and Guo Desheng and said, "I suggest investing in South America, Australia and some important cities in the mainland."

Zheng Yutong and Guo Desheng looked at each other and nodded, agreeing with Li Wendi's statement.

(End of this chapter)