Started from Hong Kong Island

Chapter 64 [Finally going to rise]

The Sham Shui Po warehouses have been acquired. The three warehouses cost HK$194 million, with an average of HK$65 each. The area is between 4000 and 6000 square feet. They are not too large warehouses, but there are still a lot of goods piled up inside. However, the people from the Yisheng Society are reluctant to give up the original rent, and told Li Wendi not to worry too much. The owner will take the initiative to move the goods away after a week, and it should not affect the renovation project.

The rent was just a small amount of money. It was not that Li Wendi looked down on it, but he was unwilling to fall out with those gangsters for such a small amount of money. After all, the warehouse was still on their territory.

In order to recover the funds as soon as possible, Li Wendi asked Zhang Yan to arrange an engineering team to inspect the warehouse immediately after paying the warehouse fee, and to roughly plan the layout of the vegetable market. However, the engineering technicians had never done similar renovation projects, and Li Wendi required a very urgent construction period, so he had to find relevant designers.

The next morning, Li Wendi accompanied Deng Jiaren and Deng Xiaotong to inspect the warehouse. In fact, they were worried about Li Wendi and concerned that he would spend their money.

"When can these goods be cleared out?" Deng Xiaotong asked coldly. She didn't trust Li Wendi very much, probably because she had not had contact with Li Wendi for a long time.

Li Wendi replied, "The contract will automatically expire after one week."

"What about the rental of these goods? Although the rental for a week is not much." Deng Xiaotong continued to ask.

"It's in the hands of the people in Yisheng Society. If you want it, you can ask them." Li Wendi could no longer be patient. He could introduce such a good project to the Deng brothers and sisters, so how could he be so short-sighted?
Deng Jiaren could tell from Li Wendi's ill intentions, so he tried to smooth things over by saying, "Let them have this little money. This is still the territory of the Yisheng Society."

Deng Xiaotong finally shut up and walked to the other side of the goods, apparently checking them.

"Xiaotong has always done things this way. It's also my fault for not explaining it clearly to her." Deng Jiaren apologized quietly. He still needed Li Wendi's help now, so he naturally couldn't really offend Li Wendi.

"Brother Jiaren, you know, once those people from the Yisheng Society turn against us, we will be in trouble. Besides, business is all about harmony." Li Wendi explained lightly, forgiving Deng Xiaotong's rudeness.

The two chatted about the layout of the renovation, construction period and other issues. Deng Xiaotong also made some comments. Although the negotiations were unpleasant, the three of them still chose to have lunch together.

A hotel in Sham Shui Po

The decoration of the restaurant is quite nice. There are quite a few diners, half of whom are old customers, which shows that the food in this restaurant is good.

"The funds from my side will be in place soon, including the renovation project funds that we agreed on earlier." Deng Jiaren said seriously, "Wendy, you have to supervise the progress of the project and make sure it can be sold after the Spring Festival. I kept this project a secret from my father."

"Okay, I understand. Don't worry!" Li Wendi nodded.

Li Wendi also wanted to complete the project as soon as possible, so he had outsourced the cooperative warehouse project. The other two warehouses were to be undertaken by his own decoration company. After all, he could make a lot of money from these projects, even if it was his own money.

Deng Jiaren glanced at Li Wendi and said reluctantly, "When can you arrange for me to meet with them for the help you asked for last time?"

"Okay, I'll make an appointment and you guys can talk slowly then." Li Wendi said with a faint smile. Anyway, he and Liansheng are both from the Deng family, so let them fight among themselves. He is just doing a favor.

"Wendi, actually Wei Renwei has already reached a deal with the second house. I don't think I can do much in Tsim Sha Tsui, but I'm not willing to accept this." Deng Jiaren revealed some inside information. It seemed like he was venting to an acquaintance, but in fact he was trying to gain Li Wendi's sympathy and wanted Li Wendi to help him.

After hearing Deng Jiaren's complaints, Li Wendi also felt that Deng Jiaren would not be able to last long in Tsim Sha Tsui. The second wife had already started competing with the first wife, and Deng Songlian even acquiesced to the second wife's involvement in the property acquisition business in Tsim Sha Tsui.

No matter how Deng Jiaren tempted her, Li Wendi still said that she could not get too involved in Deng's family affairs.

Friday, October 2

The older generation in Hong Kong still cares more about traditional festivals such as the Spring Festival. Many businesses offer Spring Festival discounts in advance, and the market is more lively than usual.

The clothing stores that have not yet been sold have also received a series of discounts. Fortunately, Li Wendi has stored a large number of clothes, otherwise some styles would be almost out of stock. The clothing store naturally makes a lot of money, making Li Wendi glad that it has not yet been sold.

Li Wendi glanced at the bustling crowd, then lowered his head to browse the newspapers, quickly understanding what happened in Hong Kong and the outside world yesterday. Hong Kong is a free port and is greatly affected by the international situation.

Suddenly he found a piece of news that took up a large part of the page: Wing Lok Hotel Co., Ltd. purchased the land at 136 Queen's Road, Central, and planned to build its fifth hotel in Hong Kong, with an estimated investment of HK$5000 million.
Li Wendi's heart began to beat violently. He seemed to have seen the stock of Wing On Hotel soaring like a rocket, so he put down the newspaper and called Wu Xiong to inquire about the stock price increase.

"Mr. Li, the share price of Yongle Hotel has risen from 1.6 yuan to 2 yuan, and the upward trend is still very optimistic. I expect this stock to rise to 4 yuan." Wu Xiong's excited voice came from the other end of the receiver. This was the stock he guessed correctly, and it was very influential to him.

"Okay! Mr. Wu, if the stock price drops, please call me immediately." Li Wendi thought about it, and suppressed his excitement, and explained the matter rationally. After hanging up the phone, Li Wendi couldn't suppress the joy on his face, "I can make hundreds of thousands again."

Since Li Wendi can make a lot of money in the stock market, he doesn’t need to be so cautious in property investment. Even if he suffers losses in the property, he can still make a comeback with the help of the stock market.

At this time, Li Wendi felt a little regretful. He should have used the 100 million to buy shares of Yongle Gao Hotel Company. In this way, he would have earned 100 million and his investment in the stock market would have become 200 million, which is a huge number.

Unfortunately, buying at this time is of no help. Not to mention the issue of profit margin, it is hard to say whether you can buy it.

If the stock price of Yongle Hotel rises to 4 yuan as expected, Li Wendi's investment in the stock market will exceed 160 million, and the subsequent investment in batches will be even more powerful.

In the afternoon, Li Wendi met with Chen Xingzhou and his sister in a private room of the teahouse to discuss the second round of investment projects in Wan Chai.

The snacks on the table were steaming. The waiter put the snacks on the cart on the table. The three people sitting there didn't say anything until the waiter went out and closed the door before they spoke slowly.

"Mr. Li, I didn't expect that the last investment would be sold so quickly. Although the 1% profit is a little less, but considering the time, it is a very good investment project." Chen Xingzhou said with a smile.

Li Wendi nodded and said, "I estimate that the next investment in Wan Chai will also make a 1% profit. Currently, properties in Wan Chai are generally priced at a 2% premium. It is unlikely that a real estate company will offer a 4% premium."

Chen Xingzhou and Chen Jinxi lowered their heads to think, then looked at each other and agreed with Li Wendi's analysis and judgment.

"Then we will make plans based on a 1% profit, but the time must be fast enough. Since we can't make 2%, we can only win back the 1% profit in time." Chen Xingzhou made the decision seriously.

Li Wendi smiled. If they wanted to make it in time, it was not up to him, but Chen Xingzhou's sources of information. If those real estate companies wanted to drag out the battle, they would not make much money. However, Chen Xingzhou wanted to put all the pressure on Li Wendi, which seemed a bit unreasonable.

"This depends on you, Mr. Chen. If the information is not good, no one can make money." Li Wendi said with a smile.

Hearing this, the expression on Chen Xingzhou's face froze, but Chen Xingzhou had been in the business world for quite some time, so he returned to normal in a few seconds and said with a smile, "Haha!! Sorry! It's my fault for not expressing myself. There is no guarantee that you will make money in business."

Li Wendi really appreciated Chen Xingzhou's reaction. He figured out what he was bothered by so quickly and said something smooth to smooth things over. He was really thick-skinned.

"Mr. Chen, if the company wants to make more money, it can also work on quantity. We should consider borrowing money from the bank to buy properties." Li Wendi reminded.

"Loan? I think this will reduce our profits (interest needs to be paid)." Chen Jinxi had a faint smile on her face, as if she was not objecting.

"It is true on the surface, but as the number of properties we purchase increases, the money we earn also grows exponentially. A little bit of interest is not a big deal, but the risks are piling up," said Li Wendi.

Chen Xingzhou did not respond and was still thinking. He knew that what the two said made sense, but a real estate company that did not operate with loans seemed to be a monster in the industry.

"How about this, the plan is split in half. Ah Xi, you calculate how much loan is beneficial to us, and we will borrow that much." Chen Xingzhou looked at Li Wendi again and asked, "What do you think, Mr. Li?"

"I agree!" Li Wendi said with a smile.

"Mr. Li, I received news that Chinese companies have started to acquire a large number of properties in Wan Chai again. Our chance has come." Chen Xingzhou had just finished speaking when Chen Jinxi, who was standing beside him, immediately handed a document to Li Wendi, "Here is the information. Mr. Li, take a look first."

As soon as Li Wendi opened the file, he saw the words "Hang Lung Limited" and his heart was moved. This was a big company in the future, a giant company specializing in real estate.

Looking down, I found that just like last time, they acquired two properties, demolished them, and rebuilt them into a building with an area of ​​nearly 3 square feet. The profit is naturally greater than the sum of the two.

Hang Lung Group acted quickly, acquiring nearly half of the properties in just one week. Now the news is flying all over Wan Chai, and the owners are waiting for Hang Lung to buy them at a high price.

Li Wendi closed the file and said worriedly, "This investment is not easy. It is difficult for us to acquire the property without paying a high price. Our competitor is the well-known Hang Lung Company."

"Besides, we don't have any influence in Wan Chai, and we have to be wary of people like Lin Jianmin."

(End of this chapter)