Started from Hong Kong Island

Chapter 445 444 [Fish on the Chopping Board]

Monday, September 10
The Hong Kong stock market, which had been closed for four days, opened on this day. Unfortunately, Li Fuzhao did not achieve his goal of reducing the impact of the New York stock market crash on the Hong Kong stock market. Instead, it intensified the fear of stock investors. Everyone in the exchange looked panicked, and many even had beads of sweat on their faces.

However, there were a few people who were quite relaxed and comfortable. Li Wendi was one of them. They had already seen the coming of the stock market crash and had already made defensive preparations.

Some people ask why investors are not reminded of the coming stock market crash?
This reminded Li Wendi of the time in 73 when the Hong Kong government, banks and exchanges all called on investors to be cautious in their investments and not to be aggressive. Unfortunately, those investors turned around and ridiculed them, saying that the Hong Kong government and banks did not want to see them make money.
Therefore, the previous reminders to stock investors are of no use at all, and they may even be cursed with "giving birth to a son without shit".

People like Li Kar-shing, Cheng Yu-tung and Pao Yue-kong are still quite comfortable because they have a lot of funds on hand and are waiting to buy at the bottom.

Of course, the methods of bottom fishing will also be different.

In Li Wendi's view, as long as his family successfully privatizes Wharf Holdings, it will be the biggest bargain, and the others are just side dishes.

On the second day of the market closure, some citizens, when interviewed, claimed that suspending the market for four days was a good thing as it would allow everyone to calm down.

However, after a few days of panic, when the market opened today, investors changed their tone. They all felt that it was time to sell all their stocks and stop losses in time. Many investors even criticized why Hong Kong was the only country in the world to close its market.

As expected, as soon as the market opened, selling orders came in like a roaring wave. In just 15 minutes, the Hang Seng Index had fallen 650 points.

At this time, investors' behavior of selling stocks became even more frantic. They didn't want to jump off the building, they just wanted to close their positions and leave.

Harbour City Hotel, Tsim Sha Tsui

Li Wendi met with Pao Yue-kong and Cheng Yu-tung here.

"You two, I want to acquire the shares of Wharf Holdings that you hold. I plan to let my family privatize Wharf Holdings and acquire it at a 3% premium over the current share price. At the same time, I will sell some of the family's commercial buildings in Sheung Wan and Kowloon City to you at market prices. How do you think?" Li Wendi said bluntly.

Upon hearing this, Pao Yue-kong and Cheng Yu-tung fell silent.

"Are you optimistic about the privatization being carried out at this time?" Cheng Yu-tung asked.

Li Wendi nodded and said, "Yes, if you two feel that the conditions do not meet your expectations, you can think about it first and then propose your conditions. I will try my best to meet them."

Pao Yue-Kong pondered for a long time and spoke first, "Since Mr. Li has said so, I will make a condition. I want to acquire Baohua Construction Company under the Cheung Hsin Group, and you also need to sell me a commercial building in Sheung Wan with a floor area of ​​no less than 100 million square feet."

Luo Qihong glanced down and replied, "Okay, sure. I agree to your condition of giving birth to a child. Anything else?"

The second half of the sentence was just a polite remark. If Pao Yue-Kong had asked for further favors, the favor would have disappeared.

In the eyes of these tycoons, favors are more valuable than some shopping malls.

"Mr. Li, I'm not a greedy person. These things are enough for me." Pao Yue-Kong said tactfully.

Cheng Yutong said with a smile, "Wendy, you are really generous. It will probably cost hundreds of millions to privatize Wharf Holdings. Is the money enough?"

If someone else said this, Li Wendi would think that this person did not want to accept privatization, but this person was Cheng Yu-tung, and Li Wendi did not have such an idea.

"That's enough, Uncle Tong!" Li Wendi said with a smile, "We had already collected 300 billion before the stock market crash."

"In that case, I will also put forward some conditions."

"Please go ahead!" Li Wendi knew that personal relationships were personal relationships, but accounts had to be kept clear, especially for people with whom he had a good relationship. "I want to acquire your small commercial buildings in Central that are in good locations. The commercial buildings in Sheung Wan and Kowloon can be reduced appropriately. The floor area of ​​the commercial buildings in Central cannot be less than 40 square feet. You can decide on the other ones." Cheng Yutong believed that Li Wendi would not treat him unfairly.

Li Wendi smiled and said, "Then I will sell you half of the small commercial building near the Mandarin Hotel. As for Bao Sheng, can you buy all of the extra commercial buildings from Uncle Tong?"

Pao Yue-Kong had plenty of cash flow, so he smiled and said, "The more the better! We can take it all."

"In that case, let's have a pleasant cooperation." Li Wendi said, raising his glass.

Bang! !
"Then I would like to thank Mr. Li (Wendy) very much." Cheng Yutong and Pao Yue-kong said in unison.

In fact, all the shopping malls acquired by Li Wendi were prepared for the privatization of Wharf Holdings. Otherwise, holding so many shopping malls would be a hidden danger. After all, Li Wendi is already a super landlord in Central, and sharing a piece of the pie with other talents is the long-term solution.

The morning of the third day

Li Wendi's family company issued an announcement that it would privatize Hutchison Whampoa at a 2% premium, with all settlement in cash. The share price before the market opened would be used as the benchmark, that is, the acquisition would be made at HK$170 per share.

The Li Wendi family is full of sincerity in the acquisition, because everyone knows that the stock market is still plummeting, and there is undoubtedly not much benefit for Li Wendi to announce privatization at this time.

As a result, small shareholders actively responded to the Li Wendi family's privatization of Hutchison Whampoa.

As soon as the news came out, the whole of Hong Kong was in an uproar and major newspapers began to report on the matter.

Some newspapers and magazines say good things, while others say bad things.

They believe that Li Wendi had planned this for a long time. He knew that the stock market crash was coming but did not warn investors, which shows that he lacks a sense of social responsibility.

Li Wendi's family company responded that they did predict the coming of the stock market crash, but unfortunately they could not know the exact time, so it was difficult to remind shareholders. If it delayed everyone from making money, the company could not bear such responsibility.
The media just wants to use this to increase sales, not to make an enemy of Li Wendi.

Of course, there are also people who think that the explanation given by Li Wendi’s family company is nonsense and that Li Wendi should bear the losses caused by this stock market crash.

These words were naturally unreasonable and Li Wendi ignored them.

Qi Nian Newspaper Company Office

Under Li Wendi's instructions, He Qijun has cashed out a lot of funds and is now very happy.

As for her life mentor, Ms. Hu Xian, she is now in a lot of trouble. She made a lot of profits when the real estate market was booming, and then moved overseas.

The European and American economies are currently in recession, and the real estate market has also fallen sharply. Overseas real estate investments cannot be sold for cash, and they also owe cash income to pay interest expenses. The pressure is now somewhat heavy, but it can still be sustained.

"Yulang International has taken big steps in recent years, and it will be difficult for it to survive." He Qijun said with a smile.

"Take it easy! Now we are hunters hiding in the dark. Don't act rashly. Once we act, we must achieve our goal." Li Wendi said with a laugh.

"Anyway, Wong Yuk-lang is already a fish on the chopping board and can't escape," said He Qijun.

(End of this chapter)