Chapter 309 307 [Come to my bowl]

At the request of Feng Jingxi, Li Wendi attended the press conference held by Sun Hung Kai Securities on behalf of the company to speak up for his company and Sun Hung Kai Securities.

At the press conference, it was announced that the selling price of the China Railway Building was 8000 million yuan, and its subsidiary companies made a profit of 3700 million yuan, with a profit margin of 86%. All of the profits were converted into stocks of other companies held by Sun Hung Kai Securities.

Except for the shares claimed by Changxin Real Estate Company, the rest went into Li Wendi's pocket. The funds involved would be owed first, and Li Wendi would also pay the bank's routine interest.

Although this price failed to break the sales record of small buildings in Central, it still stunned many real estate developers and to a small extent promoted the recovery of the local market.

Since Changxin Real Estate Company had already bought up a lot of properties and land at low prices in the early stage, Li Wendi handed over the more than 1000 million cash allocated to Changxin Real Estate Company to Lin Dongmei's department to buy stocks of companies with potential in the stock market, hoping to make a fortune at the end of this year or the beginning of next year.

As for the funds of Zhongyu Real Estate Company and Ducheng Real Estate Company, Li Wendi still asked them to continue buying suitable properties and land to increase the company's asset value.

In Li Wendi's plan, except for some core properties, such as high-quality buildings in Central, Grade A commercial buildings in Sheung Wan, and shops in Causeway Bay and Tsim Sha Tsui, all other properties can be sold. After all, properties that are not of high quality or are too scattered will increase the company's management costs. It is better to choose to sell them at high prices and make a fortune.

At the same time, Li Huanggua from Cheung Kong Holdings came to discuss the sale of the jointly built building in Wan Chai.

After nearly a year of construction, the commercial building named Xinjiang was finally completed and ready to be sold.

This is a definite Grade A commercial building in Wan Chai, which has attracted the attention of many real estate developers and speculators, who all want to buy one or two floors as an investment project.

"Mr. Li, I haven't seen you for a long time. You seem to have gained some weight." Li Wendi shook hands with Li Jiacheng and said jokingly.

In fact, the two were not very familiar with each other and had only worked together a few times. However, Li Wendi sometimes felt that Li Jiacheng was too pretentious, so he couldn't help but test this guy's tolerance limit.

Li Wendi had to admire Li Jiacheng's perseverance. Almost no one in the business world had ever seen Li Jiacheng be rude. Li Wendi knew that this guy was definitely a master of emotional management.

Learn from Li Jiacheng?
Of course Li Wendi was unwilling to do so. Unlike Li Jiacheng, he always managed to seize the initiative and did not need to care too much about rude people, such as Ma Jincan from Dasheng Real Estate Company, who would definitely attract hatred.

"Haha!! Maybe I haven't had much time to play golf recently and I haven't exercised enough." Li Jiacheng said with a laugh.

"Mr. Li, we live in Deep Water Bay, which is much closer to the golf course. Now I am also considering whether to move back to Deep Water Bay and play golf with you guys occasionally." Li Wendi said with a smile.

The two chatted with each other, but everyone knew in their hearts that they were not friends at all. They even competed with each other in private occasionally. However, this was for the sake of each other's face, and no one was willing to uncover that layer of paper.

"The fastest rising land prices in Hong Kong are in Central, followed by certain areas in Kowloon city, and the third is Wan Chai, especially Grade A commercial buildings. It looks like we will make a lot of profit this time," said Li Wendi.

Li Jiacheng nodded and said, "Yes, according to calculations, we can probably make 4000-5000 million yuan. If Mr. Li wants to buy this building, that's fine. We can just trade it at the market price."

Li Wendi likes Grade A department stores, but acquiring one now seems to disrupt his plans. After all, this is a property worth nearly 100 million yuan.

Li Wendi shook his head and said, "No need. If Cheung Kong Industries is interested in acquiring it, they can also pay the market price."

He suspected that Li Jiacheng intended to take over Xinjiang Building, but he was afraid that Li Wendi would take the opportunity to ask for a high price.

"I do have such a plan. If Cheung Kong Holdings acquires the Xinjiang Building, it will need to pay Changxin Real Estate Company 4600 million in cash. Cheung Kong Holdings does not have so much cash flow. Can it be replaced with an equivalent property?" said Li Jiacheng.

Li Wendi was confused. If the property was sold at the current market price, it would be a loss because it would require a small premium. So why was the Li family willing to give up these benefits? Was it just for a favor?
“If all transactions are made at market prices, Mr. Li will probably suffer a loss.” Li Wendi said with a smile.

Li Jiacheng responded, "It's just a small amount of money. In fact, after deducting the taxes and fees, there won't be a big difference."

Li Wendi thought about it and nodded, "That's right! Since Mr. Li said so, please submit a detailed list of transaction properties. After Changxin Real Estate has completed the investigation, we will start signing the transaction."

"Okay, then we..."

Li Jiacheng did not stay in Changxin Real Estate Company for long and left after half an hour.

Li Wendi looked at Li Jiacheng disappearing around the corner and began to become absent-minded.

If Changxin Real Estate Company had not recently entered the asset reorganization phase, Li Wendi would not have let go of the Xinjiang Building.

Xinjiang Building covers an area of ​​more than 3 square feet and has a floor area of ​​more than 50 square feet. Based on an 8% vacancy rate, the monthly rent is more than 200 million yuan, which can be recovered in more than three years. It is definitely a high-quality property.

Li Wendi shook his head. "Forget it. Li Jiacheng doesn't want to hold it for a long time. He just wants to wait for the land market price to go higher so that he can make a big profit. Now is not a good time. There will be plenty of good opportunities next year. Let's concentrate on preparing."

Li Wendi gave up on the China Railway Building and Xinjiang Building mainly because there will be better options next year.

The Peninsula Tsim Sha Tsui
Sitting opposite Li Wendi was the president of Singapore Tiger Balm Company, Michael Reese. However, there was a hint of fatigue in Michael Reese's eyes, and it did not seem to be physical.

Li Wendi took a sip of coffee and basically left the cake in front of him untouched. He said to Mai Lisi, "Mr. Mai Lisi, I heard that you were controversial at the Tiger Balm Company board meeting. From the perspective of a chairman of the board, you are no longer able to work well for Tiger Balm Company. You may even cause internal consumption to the Tiger Balm Company you once worked for."

"It would be a better choice to retire now."

Mai Lisi glanced at Li Wendi and did not refute it because it was a fact and it had already been spread.

Li Wendi changed his usual attitude and continued to pursue his victory, saying, "Many of my employees are old people, but I have always trusted them. Except for some major decisions, I usually don't ask too much."

Mai Lisi also did some research on Li Wendi's style. He was not a fool, nor would he be blindly loyal to Tiger Leopard Company. He was just worried about "getting out of the tiger's den and into the wolf's den".

"If Mr. Miles doesn't believe me, you can come and try first. If you are not satisfied, you can leave at any time. I will never stop you."

"For senior management, the conditions I offer are higher than those for general management in Hong Kong." Li Wendi launched another offensive in terms of remuneration. Even though Mai Lisi has expressed his intention to change jobs, Li Wendi will not show an attitude of 'I have you in my hands'. On the contrary, he will seize the opportunity to make the move.

Under Li Wendi's attack, Mai Lisi's defense line has been shaky, but he still doesn't want to betray his club easily.

"Mr. Li, I'm sorry! I need to think about this matter again." Mai Lisi said with a sigh.

Li Wendi stopped forcing him and said with a smile, "Okay, if you have figured it out, Mr. Mai Lisi, you can call me anytime. The door of Wharf Holdings is open to you."

"Thank you, Mr. Li! I will seriously consider your invitation." said Mai Lisi.

This attitude is completely different from his previous one. Last time he flatly refused, but this time his attitude became much more relaxed.

Li Wendi felt that he was about to take over this Merris. The future management of Wharf Holdings would not consume much of his energy. He could spare time to reorganize the companies and businesses and make money from the stock market to prepare for the next opportunities.

Qingzhou Yingmu Company
Li Wendi has put this company on hold for quite some time. Although there are senior management and no problems will arise for the time being, many employees have become lazy, thinking that they can get generous salaries no matter what.

It seems that it does not affect the current production, but long-term slackness will definitely cause problems, so Li Wendi had to start to reorganize Qingzhou Yingni Company.

Li Wendi first convened a board meeting to suppress the group of foreign small shareholders.

It turned out that this group of foreign small shareholders thought that they had more numbers and could overwhelm Li Wendi with their momentum, but they didn't know that Li Wendi had always been domineering and directly proposed to decide things based on voting rights. In response to the threats from the foreign shareholders, he said that he could buy their stocks at a high price or directly remove them from the board of directors.

Facing Li Wendi, who held great power, they no longer thought that Li Wendi was young and easy to deal with, and chose to remain silent and let Li Wendi control the board of directors. Li Wendi promoted several managers who had been observed for a long time in public, including Chinese and foreigners. For those troublemakers, Li Wendi directly fired them without any mercy, and even asked the replacement to strictly investigate the mistakes of the predecessor, and if there were any, he would immediately file a lawsuit.

Li Wendi has always been good at using thundering measures. Even if he is wrong, he thinks it is better than hesitating and not daring to make a decisive decision.

On that day, Li Wendi inspected the production workshop of Qingzhou Yingni Company. The equipment was indeed very old. According to the technician, some of the machines were products from the 50s and the material utilization rate was only 30%, which resulted in huge waste and increased cost output.

Li Wendi knew that Qingzhou Yingni Company's equipment was in urgent need of upgrading, but it would be difficult to achieve the goal all at once by relying solely on Qingzhou Yingni Company. After all, these large-scale production machines cost millions, and Qingzhou Yingni Company's annual profit was only a few million yuan. How could it afford it?

Li Wendi looked at the workers' working environment and felt it was very bad. Not to mention the flying dust in the workshop, even the personal protective measures were not in place, which would cause great harm to the workers' bodies. Many of the workers had been coughing.

Li Wendi immediately asked people to purchase protective clothing and let the workers put it on as soon as possible, which should improve work efficiency. At the same time, he also announced a new reward and punishment system in public. The workers' bonuses are linked to the amount of cement produced, and the workers' rest time is extended.
Back in the office, Li Wendi began to think about the relocation of Qingzhou Yingni Company. No matter where it moved to, it would undoubtedly be a huge expense, and Qingzhou Yingni Company could not support it at all with its current financial situation.

So Li Wendi had the idea of ​​acquiring Qingzhou Yingni Company in its entirety, because relying on his own strength, it seemed that he could better realize the relocation and take over the huge piece of land in Hung Hom Hok Garden.

However, my personal financial situation is not good at the moment, and it seems that it will be better after waiting for a while.

Li Wendi couldn't help but sigh that he had expanded his business too much and needed a lot of money everywhere, which reminded him of Chen Songqing again.

"It's better to go slower. There's still time." Li Wendi said to comfort himself.

Late September

Hutchison Whampoa boss Willis announced that he would fully acquire Hutchison Financial and privatize it at a price of $3.3.
Li Wendi rushed to Sun Hung Kai Securities and asked Hu Jinyan in person to help sell the shares of Hutchison Financial.

"Mr. Li, you hold a total of 840 million shares of Hutchison Financial, which cost you 1512 million yuan. The current selling price is 3.3 yuan. It is estimated that you will get back 2688.84 million yuan, with a profit of 1176.84 million yuan, and a rate of return of nearly 78%," Hu Jinyan reported from the side.

Li Wendi nodded and said, "Transfer 2000 million yuan of it to my Wan Guobaotong Bank account. I will use this money soon."

In fact, Li Wendi wanted to pay off most of the debt owed to his companies, not because of the interest, but because he did not want to affect the development of his companies due to personal reasons.

This was the original plan.

"Okay, if this arrangement is made, there will still be a balance of 1300 million yuan in your account." Hu Jinyan said after calculating.

The Hang Seng Index peaked at 3 on March 17, but has now fallen to 465.33 points, catching investors off guard. The lessons of 444.23 have taken their toll, and many people have become secretive about the stock market and dare not take any action.

Li Wendi doesn't remember these situations very clearly, so he is also considering whether to increase investment in the stock market.

Although the Hang Seng Index fell, blue-chip stocks remained strong, and even some medium-sized companies did not fall much, such as China Entertainment Properties Co., Ltd. owned by Li Wendi.

"What does Mr. Hu think about the current stock market?" Li Wendi planned to listen to Hu Jinyan's opinion first.

Hu Jinyan pondered for half a minute and replied, "I personally think that the decline of the Hang Seng Index is only caused by some large investors withdrawing funds. These people are not pessimistic about the future of the Hong Kong stock market, but they are unwilling to invest in the long term. Now many industries are developing, and the stock market will experience major turbulence due to acquisitions, so I am still optimistic about the future of the Hong Kong stock market."

"Maybe now is a good time to continue to buy at the bottom, but of course there are also high risks."

Li Wendi believed that Hu Jinyan's opinion was correct, but he still decided to keep a hand. He invested 700 million yuan in the stock market and kept the remaining 600 million yuan for turnover in case better opportunities arise.

When Hu Jinyan asked which company's stock to buy, Li Wendi hesitated.

Because he continues to buy Hutchison Whampoa shares, even though the current price is not low.

Today's Hutchison Whampoa is a merger of two major trading companies. It is very powerful. Although it has not completely gotten rid of the difficulties left by its predecessor, its prospects are good. Boss Willis is actively clearing up the haze of the company, such as the privatization of Hutchison Financial this time.

Hutchison Whampoa has greatly strengthened its financial securities capabilities. Once the stock market breaks out of its downturn, Hutchison Financial will immediately give back to the parent company. This is also Willis's real plan.

However, there is still a long way to go if Hutchison Whampoa is to completely change its predicament. After all, it has more than 200 subsidiaries under its umbrella, and these companies all need the support of the parent company and have various problems of varying sizes.

If it were Li Wendi who was to handle it, he would feel a little nervous. Even if several companies handled it together, it would take forever.

Therefore, Li Wendi will use his ultimate move: cut it off with one blow. For companies that have no major impact or prospects, all will be sold, and keeping the essence will be the fastest way to rise.

This of course requires convincing the board members, especially professional managers like Wells, who have little authority on the board and find it difficult to convince the directors, even the largest employer, HSBC.

Li Wendi didn't have as much patience as Li Jiacheng, so he cleaned up the things piece by piece.

In his previous life, Li Jiacheng spent nearly five years to take full control of Hutchison Whampoa. He also brought over a large number of people from the startup company Cheung Kong Holdings to replace many troublesome foreigners. He also spent a lot of time to win over some foreign management. After all, foreigners have the advantage of skin color when handling the expansion of overseas companies than Chinese.

Finally, Wendi Li decided to buy shares in mid-sized real estate companies rather than Hutchison Whampoa.

Office politics is fierce and you will be eliminated if you are not careful.

Mai Li Si struggled to hold on for half a month, but still couldn't hold on. The major shareholder kept making trouble for him at the board meetings, and was just short of shouting "Maili Si, get out of here."

After much deliberation, Mai Li finally submitted his resignation to the chairman of the board of directors, asking the chairman to look for a new president.

The board of directors did not try to retain him, nor did they even plan to hold a farewell party for him. So, Miles left Tiger and Leopard Company in such a disgraceful manner.

After receiving the news, Li Wendi immediately found Mai Lisi.

At this time, Mai Lisi was basking in the sun in the villa. He was not surprised at all that Li Wendi came to his house. He just greeted her with a disappointed look.

"Mr. Miles, you won't be defeated by a small setback, right?" Li Wendi sat under a parasol. He didn't like basking in the sun. The weather in the UK is mostly cloudy and lacks sunshine. Only these foreigners like basking in the sun.

Hong Kong has sunny days most of the year, but Li Wendi certainly doesn't like sunbathing.

"Mr. Li, do you capitalists particularly like to use your own confidants, even if they don't have good abilities?" Mai Lisi asked dejectedly.

"No, this is what some people do. Not all bosses like to put their confidants in the most important position." Li Wendi shrugged. In fact, he also likes to use confidants because he doesn't have to worry about whether the person in this position will betray him.

Loyalty is what all capitalists like. Anyone who says they don’t like it is lying.

In order to trick a talent like Mai Lisi, Li Wendi thought lying was not a bad thing.

"I know the purpose of Mr. Li's visit. I promise you, but I need two weeks of rest. I am too tired at Tiger and Leopard Company." Mai Lisi suddenly agreed, catching Li Wendi off guard.

Originally, he was going to spend some time trying to convince Mai Lisi, but now there was no need for that.

"Okay, then Mr. Miles, please report to Wharf Holdings in two weeks." Li Wendi turned around and left the villa. "I'm sorry to disturb your rest. Goodbye."

(End of this chapter)