Chapter 277 Chapter 275 [End] (Subscription Request)
In fact, the cooperation with Hutchison Group is just icing on the cake for Cheung Kong Properties, and is far from playing a crucial role. After all, Cheung Kong Properties has a lot of high-quality land, such as the Taikoo Dockyard land on King's Road, the Sai Sai Lake land in North Point, and the 2.8 square feet commercial land in Tsim Sha Tsui.

The difference between Changxin Real Estate Company and Dachang Real Estate is that Changxin Real Estate has always been committed to "independently developing real estate projects", accumulating experience in the development of large sites and improving its capabilities. Dachang Real Estate's strategy is to rely on other companies to develop large sites and reduce the risks involved, because not all site developments are profitable. For example, Hang Lung Company acquired Shaw's Tsim Sha Tsui Theatre and Shaw House at its peak in 72, with a capital of up to 1.3 million. Later, the stock market and real estate plummeted, and it has not yet recovered its strength.

Moreover, Li Wendi had long anticipated that Changxin Real Estate would inevitably be abandoned by Wells, but it just happened.

After breaking up with Willis, Li Wendi came to Hefeng Enterprise as planned.

The cooperation between Hefeng Enterprise and its parent company Jianfeng Garment Investment has begun. With the parent company providing the capital and Hefeng Enterprise responsible for production, a new brand - Kachidon - has been established to enter the mid- and low-end clothing industry in Hong Kong. Mid-end clothing naturally requires creativity, while low-end clothing only considers quality. As for style, the lower-class people don't care much about it.

Li Wendi was well aware of the importance of publicity, so he placed advertisements in magazines, newspapers, and comics under the Qinian Newspaper. He even contacted TVB and spent 10 yuan to promote the product on a prime-time program for three days.

So before Kachidun was launched on the market, it already had some fame.

Of course, Li Wendi had to strike while the iron was hot. With the assistance of Changxin Real Estate Company, he quickly set up 6 specialty stores in Tsim Sha Tsui, non-central areas of Central, and Wan Chai, including one low-end specialty store and one mid-range specialty store in each location.

The business on that day was not very prosperous, but it was not bad either. Li Wendi knew that it would take some time for Kachidun, which focused on quality, to truly enter the market. After all, it was quite different from those branded products.

Soon, the secretary handed over a report. Li Wendi opened it and his eyes lit up. This was a good market.

Hong Kong is a place where Chinese and Western cultures blend, and Western suits are popular, which has supported many small private tailor shops. However, few people pay attention to the tie industry. Although it seems not to be profitable, a good tie can actually sell for several thousand yuan, and the profit is staggering.

However, the "few competitors" in the tie market is relative. There is still some competition intensity. Like clothes, you generally need a reputation, otherwise it is difficult to gain a foothold in the industry.

Li Wendi simply handed this project over to the Kachidun brand. Currently, the ties are only sold in the mid-range market, because there is not much market in the low-end market. Instead of wasting energy, it is better to focus on one direction.

Li Wendi remembered that Zeng Xianzi, the owner of Goldlion Tie in his previous life, made his fortune by selling ties and became a well-known wealthy man in Hong Kong. Although Goldlion Tie had opened up the mid-range market in Hong Kong, he believed that Zeng Xianzi had not yet completely established his foothold, so it was an opportunity for Kachidon.

He acted decisively and ordered his secretary to call the proposer of the report. After talking with him for half an hour, Li Wendi asked the proposer to become the manager of the new department and rewarded him with 3 yuan. At the same time, he asked the senior management to help quickly set up the department and produce Kachidon ties as soon as possible.

As for how to open up the market, Li Wendi planned to adopt Zeng Xianzi's method of setting up exclusive counters in department stores and splitting the profits with the department stores in a 30:70 ratio. Although the profit would be small, it would help Kachidun Tie to quickly open the door to the Hong Kong tie market and create profits for the company.

In the future, if Catchtown Ties has established itself firmly and gained a good reputation, it can renegotiate terms with the department store. Therefore, the contract period should not exceed 3 years, and 2 years is the most appropriate period.

In order to support the Kachidon ties, Li Wendi also planned to endorse it himself. He has some fame in Hong Kong.

The case of Zhang Yan had its first hearing. Although he was well prepared, Zhang Yan was still a little nervous because if he lost the case, he would have to go to Stanley Prison to sell his ass.

As Lawyer Gu expected, the prosecutor's lawyer seized on the congressman's testimony and the evidence of serial numbered banknotes and continuously attacked Zhang Yan. Fortunately, the scene was simulated many times and Zhang Yan remained stable.

Lawyer Gu took the opportunity to bring up the past between the councillor and Zhang Yan, and even went so far as to reveal Zhang Yan's past as a gangster, to prove that the councillor had the motive and reason to frame Zhang Yan. As for the serial numbered banknotes, it was possible that they were collected one by one.

The prosecutor's lawyer suggested that the fingerprints on the banknotes could be checked to verify whether they were collected. If there were fingerprints from multiple people, it meant they were collected. If there were only fingerprints from a few people, it meant that they were Zhang Yan's bribe.

Lawyer Gu said that such evidence speculation was not rigorous at all. If someone deliberately set up a trap, wouldn't it be impossible to wipe off the fingerprints? Besides, it took such a long time for the serial number banknotes to reach the hands of the ICAC. Can the ICAC guarantee that the evidence in them is not contaminated?

This series of questions made the prosecuting lawyer a little angry, and he felt that Lawyer Gu was making trouble.

The senior officials of the ICAC finally agreed to the contents of the guarantee, as they believed that Zhang Yan had not considered what would happen after their guarantee.

Who knew that this was exactly Lawyer Gu's trap. Once it was proved that the evidence was contaminated, the ICAC's accusation would be completely unfounded.

Therefore, fingerprint verification of the banknotes began in court, and it was found that there were only fingerprints of the congressman and other people on them, but not Zhang Yan's.

Lawyer Gu did not give up and asked the judge for a new witness to appear in court, saying that there was evidence that the vehicle escorting the evidence stopped on the way and that the supervisor had left the vehicle for more than ten minutes, which gave enough time for other people to contaminate the evidence.

The prosecutor's lawyer naturally doubted the authenticity of the story, so he applied to summon the escort personnel. Although the escort personnel denied it, Lawyer Gu invited several witnesses who were present at the scene.

The foreign judge began to doubt the authenticity of the evidence. Although he intended to favor the ICAC, he did not dare to go too far.

Lawyer Gu did this because he was afraid that the ICAC had other evidence, which would damage the ICAC's credibility and make things easier. In the end, the judge declared Zhang Yan not guilty and released him on the spot.

However, Lawyer Gu asked the ICAC to apologize publicly to the person involved, Zhang Yan, because the ICAC's work was not rigorous, which led to a drop in Luckin Coffee's share price and had a bad impact on Zhang Yan's personal reputation.

The ICAC was naturally unwilling to do so, believing that it was just performing its duties and had not overstepped its boundaries.

Therefore, under the instruction of Li Wendi, Lawyer Gu publicly stated that Zhang Yanhui would file a complaint against the ICAC in court and seek compensation.

Li Wendi knew that he could not win the lawsuit because the ICAC had too strong a backing. He just wanted the ICAC to stop bothering him again.

He guessed that the ICAC would send someone to his house, which would have a huge impact on the ICAC's newly established prestige and would also set a very bad example.

"Haha!! I finally don't have to worry anymore." Zhang Yan laughed heartily.

Li Wendi glanced at him unhappily and said, "There are still a lot of things to come. Don't be too happy too soon. Luckin Coffee's stock price has fallen by 20%. How are you going to explain this to the board of directors? Is there any way to restore the stock price?"

Zhang Yan's smile suddenly stopped and he stared at Li Wendi blankly. He had been worried about the accusation these days and had no energy to care about the company's affairs. Thinking back now, this problem was indeed not a small one.

"What do you think I should do? Will I lose my position as chairman of the board of directors?" Zhang Yan was a little panicked.

"Not for now, but if the problem is not solved quickly, it might happen." Li Wendi spread his hands and said helplessly.

"Hmm!" Zhang Yan suddenly calmed down. After thinking for a while, he said, "So you asked Lawyer Gu to publicly announce the accusation against the ICAC for the sake of Luckin Coffee's stock price?"

Li Wendi smiled and nodded, "We do have this plan, but it won't last long. We still have to keep our feet on the ground to increase the stock price."

"Now that the city is slowly recovering, I am planning to apply for a loan from the bank to buy some high-quality properties and increase the company's assets." Zhang Yan said seriously.

“You can continue to acquire properties in the direction of shops and industrial buildings,” Li Wendi suggested.

Deng Songlian's continued madness caused unrest in the He Liansheng society. In order to stop Deng Songlian, the police force continued to raid He Liansheng's place, causing great losses to He Liansheng. So some uncles began to unite and wanted to weaken Deng Songlian's power and take back control of He Liansheng.

Therefore, after negotiations between the senior police officers and He Liansheng's uncle, the police invited Deng Songlian back to the police station for "tea" on suspicion of murder. The uncles began to clean out the Deng family's confidants, and they had to complete the cleaning task within 48 hours.

With Deng Songlian away, Deng Jiaren naturally became the backbone of those confidants. However, Deng Jiaren had no experience in community management, and faced with his uncle's formation, he was inevitably a little confused. He just asked those confidants to unite, and if they couldn't win, they could only go to the police station to seek shelter. However, they were not to say anything that was detrimental to the Deng family, otherwise they would be dead.

The confidants knew that there was no other way and Deng Jiaren had already admitted defeat.

So these confidants all turned to their powerful uncles, and Deng Songlian had not much power left after years of accumulation, and those uncles would not give Deng Songlian a chance to start over.

After Deng Songlian came out and heard the result, he spit out blood at the door of the police station and was admitted to the hospital.

This time, Li Wendi did not go to visit, but just made a phone call to say hello. It was not because Deng Songlian had lost power, but because the murderous intent revealed by Deng Songlian that time made Li Wendi pay off all his favors (he thought he had paid off).

Li Wendi did not participate in this power grab by Liansheng, nor did he want to participate, as if it had nothing to do with him.

Zhang Yan was very excited and wanted to take the opportunity to place some people there, thinking they would be useful in the future.

Li Wendi thought that Zhang Yan could not handle the situation, so he advised him not to "bite off more than he could chew" and just be a serious businessman.

Deng Jiaren was also very disappointed. The Deng family had completely lost the killer weapon, He Liansheng. Without this tool, Deng's Real Estate Company would become increasingly difficult.

However, Deng Songlian, who has come to his senses, thinks it is a good thing. The Deng family can get rid of their H-road identity and gradually become white. He tells Deng Jiaren not to think too much and to run Deng's Real Estate Company well. As for the relationship with Li Wendi, he should try his best to maintain it.

(End of this chapter)