Chapter 193 [Mistake]

The next afternoon, Zhang Wentao came to report on yesterday's investigation, still with a smile on his face, obviously there was good news.

"Boss, I've already checked it out. Cheung Kong Holdings is now busy acquiring old buildings in Wan Chai. Funds are still being mobilized, so no action has been taken." Zhang Wentao handed over the investigation report.

Li Wendi was stunned. Didn't Cheung Kong Holdings acquire a number of commercial buildings in Wan Chai some time ago? Now they are continuing to acquire buildings in Central. Is there a huge profit in them?

He knew that Li Jiacheng and other older generation businessmen followed the principle of "goods are constantly changing". Collecting rent was not their ultimate goal. As long as there was enough profit, selling high-quality buildings would not be a problem.

"Solo acquisition or joint acquisition? What is the quantity?" Li Wendi took the document but did not open it immediately.

"There are four buildings in total, two of which were completed independently, and the remaining two were jointly acquired with Hang Lung and Sun Hung Kai Properties. The plan is to merge the buildings. Although now is not the lowest point in the real estate market, many real estate developers think that the price is already appropriate." Zhang Wentao continued to explain, "A very strange atmosphere has been formed. Properties and land in other areas are ignored, but properties and land in Wan Chai are fought over, and some people even buy them at a premium."

"."Li Wendi was a little speechless. Speaking of quality, the properties in Central are the best in Hong Kong, but the properties in Wan Chai are the most popular. This is a bit hard to accept.

"That's good. This way no one will compete with us for the Capital Real Estate Company." Li Wendi said uninterested.

If he had known that Cheung Kong Holdings would get involved later, he would not have paid the premium of several million. With the extra several million, he could have made millions in profit from the stock market. At the bottom of the local market, he could have bought a lot of properties and land, and the two rounds would have made millions in profit.

"Changxin Real Estate can only contribute 1000 million to participate in this acquisition. Are you sure the remaining funds will be mobilized from Zhongyu Real Estate?" Zhang Wentao asked. This was the previous plan, but it was inevitable that the boss would have new plans.

Li Wendi shook his head and said, "No, I will personally invest 1500 million and China Entertainment Real Estate will invest 1000 million. This allocation plan will allow both companies to develop better without falling into the dilemma of locked-up funds."

"Boss, Changxin Real Estate previously acquired the shares of Zhongyu Real Estate Company that you held. If you invested 1000 million, Changxin Real Estate might not be able to participate in the acquisition plan during the upcoming crisis period." Zhang Wentao still kept a close eye on the interests of Changxin Real Estate Company.

"Don't worry! The funds for acquiring Ducheng Real Estate Company will be paid within one month, and I can give you the down payment first. You should first take out 500 million from the company account and buy shares of large Chinese real estate companies from the stock market. Remember to buy them separately, as you will have to sell them quickly when the time comes." Li Wendi instructed.

"The current stock market is worse than the local market. Will I suffer losses if I buy now?" Zhang Wentao asked bravely.

"No, the stock market is bound to recover, but it won't take too long. Just follow my instructions when the time comes." Li Wendi explained with surprising patience.

"Yes!" Zhang Wentao could only nod. He had already reminded his boss that if there was a loss, it would be the boss's fault.

So, the two of them discussed tomorrow's signing matters.

The signing of the contract with Capital Real Estate Company went smoothly, but it took nearly a day to complete, which made Li Wendi a little drowsy, and he spent most of the time chatting.

Cheung Kong Group Headquarters Office

Hong Xiaolian, a slightly plump secretary, holding a document, knocked on Li Jiacheng's office door anxiously.

Li Jiacheng looked up and shouted, "Come in," and when Hong Xiaolian came closer, he asked, "What's the matter?"

"Mr. Li, bad news! Ducheng Real Estate Company was successfully acquired by Changxin Real Estate Company. The contract was signed two days ago. Changxin Real Estate Company holds a 43% stake (nominally acquired by Changxin Real Estate)." Hong Xiaolian reported with a grim expression. She knew that Li Jiacheng valued Ducheng Real Estate Company more, because the properties in Central will be a powerful tool to increase the stock price when the local market recovers, and it will also bring huge profits.

"." Li Jiacheng's face suddenly became serious, as if he was angry. "What is the origin of Changxin Real Estate Company? Who is the boss?"

"This is the information of Changxin Real Estate Company. The boss is Li Wendi, a young man in his twenties who is just starting out. It is understood that many wealthy people have suffered losses at his hands. He is a relatively capable person." Hong Xiaolian gave a brief explanation, and as Li Jiacheng began to look through the documents, she stopped talking.

Li Jiacheng's face became darker and darker, totally unlike the elegant man he was rumored to be in his previous life.

"I should have taken action earlier. I was careless." Li Jiacheng closed the file and his expression gradually calmed down. Hong Xiaolian's eyes were moving desperately, as if she was thinking about something. "Then what should we do? Do we need to contact Li Wendi and buy it from him?"

Li Jiacheng thought about it and shook his head, "According to the information, the possibility of acquiring Capital Real Estate Company from Li Wendi is not high, and it must be at a premium."

Soon, Li Jiacheng changed his words again, "Give it a try. Go contact Mr. Li and tell him that our Cheung Kong Group is interested in taking over Metropolitan Real Estate Company and see how they respond."

"Okay! I'll contact Changxin Real Estate Company right away." Hong Xiaolian received the order and left immediately.

Li Jiacheng, however, had a serious look on his face. He was no longer in the mood to deal with the official business he had just done. He was thinking about how to convince Li Wendi.

Li Wendi wasted no time. After signing the contract, he immediately convened a board meeting and became the boss of Capital Real Estate Company.

In an office of Capital Real Estate Company, three people were sitting next to Li Wendi, namely Zhang Wentao, Wang Tichuan and Gao Yi, the deputy general manager of Capital Real Estate Company.

Gao Yi was the first senior executive to join Li Wendi, and Li Wendi recognized his abilities, so Li Wendi appointed him as deputy general manager to assist Li Wendi in handling company affairs.

As for whether he can become Li Wendi's confidant, it depends on Gao Yi's performance. Li Wendi hopes to add a capable assistant.

"Mr. Li, this is the complete property list of Capital Real Estate. Please take a look at it first." Gao Yi handed the document directly to Li Wendi, and later distributed the document to Zhang Wentao and Wang Tichuan.

"Boss, we only own half of the rights in Liancheng Building. Can we use the company's funds to acquire the other half? This will benefit the company, Changxin Real Estate and Zhongyu Real Estate Company." Zhang Wentao looked up at Li Wendi after reading half of the information. In his eyes, only Changxin Real Estate Company was related to him.

Li Wendi thought for a few seconds and asked Gao Yi, "Mr. Gao, what is the financial situation of the company?"

This is in agreement with Zhang Wentao's suggestion, which is indeed beneficial to all companies, but it still depends on whether Ducheng Real Estate Company has sufficient funds.

"There is about 800 million left in the account. It is not enough to acquire the other half of the equity in Liancheng Building, and it will affect the company's operations." Gao Yi disagreed.

Li Wendi nodded. "The city is not at the bottom yet. The acquisition of Liancheng Building can be postponed. How long will it take Mr. Gao to prepare the funds for the acquisition?"

Gao Yi calculated in his mind and replied, "It will take at least 1500 million to acquire the other half of the equity. If nothing unexpected happens, it will take about a year and a half."

"Okay, I'll give you a year." Li Wendi continued, "The land market will definitely fall, which means rents will also fall and vacancy rates will increase. We must be prepared to deal with it."

"Should the development of Changxin Real Estate Company's land be stopped?" Zhang Wentao asked, but he didn't care that this was the territory of Ducheng Real Estate Company.

"The jointly developed land must naturally continue, and we'll put our own land on hold for now. However, those hired workers must be settled, as we still need them to work." Li Wendi certainly didn't want to abandon the donkey after it has done its work.

"Ducheng Real Estate will maintain the status quo for now. President Gao will still be in charge of the company's daily operations. Please call me if there are any major incidents."

"Yes, boss!" Gao Yi finally changed his tone, "You should just call me Gao Yi from now on. I don't deserve to be called Mr. Gao."

Gao Yi felt that he was the only one among the three called "Mr. Li", which seemed a bit high-profile. He also wanted to integrate into the group of confidants under Li Wendi. After all, he was very optimistic about this young man Li Wendi and believed that he would achieve great things in the future.

"Okay, then I'll just call you by your name from now on." Li Wendi said with a smile.

(End of this chapter)