Chapter 424 422 [Advantageous Party and Disadvantaged Party]

"The current environment is still not very good. I originally wanted to ask people to speed up the progress of the project so that we can move in as soon as possible and recover the cost funds. Now it seems that we should just build it slowly." Li Wendi said helplessly.

"That's right!" Zheng Yutong laughed, "I don't know where you get so much money. You are developing the Central Bus Terminal project, the old wing of Miramar Hotel in Tsim Sha Tsui, and the Admiralty Barracks project at the same time. Aren't you worried about a shortage of funds?"

Li Wendi shook his head. "My companies sold all non-core properties before the disaster, and each company recovered a large amount of funds. After the negotiation incident in 82, I converted the funds into foreign currency, so now the funds are sufficient."

"No wonder!" Zheng Yutong looked at Li Wendi with some envy. He couldn't help but admire this guy's courage. Even if he was told, he might not dare to sell off the properties on such a large scale. Yet he still did it so determinedly.

"I heard that you have been buying cheap properties recently. Do you think now is a good time to buy at the bottom?" Zheng Jiachun asked.

Li Wendi thought for a moment and replied, "The company has too much funds, so we need to slowly acquire them. I don't know if it's the bottom now, but according to my guess, it should be about the same."

Zheng Jiachun's mind began to become active. He certainly wanted to make some achievements to show Zheng Yutong and others that he, Zheng Jiachun, was not an heir who lived a life of idleness and waiting for death, but was capable.

Zheng Yutong knew what Zheng Jiachun was thinking, but he didn't know that Zheng Jiachun was only acting so pleasing to his eyes in front of him. In fact, Zheng Jiachun was no less timid than Li Wendi.

"Since Wendi has said so, New World Development can slowly acquire some higher-quality properties. However, we should not make too big moves. We are not Wendi, who has so much money to use." Zheng Yutong warned Zheng Jiachun. Now Zheng Yutong has begun to hand over power, which is slowly being transferred to Zheng Jiachun.

In response to this, Li Wendi smiled and said that with the support of Chow Tai Fook Jewellery Company, the Zheng family is unlikely to fall from the altar.

Tuesday, December 84, 2

The acquisition of Hong Kong Land by the joint company established by Li Wendi, Pao Yue-kong, Zheng Yutong and Li Jiacheng was discovered by Bao Fuda of Hong Kong Land. Jardine Matheson joined the stock market acquisition and the share price of Hong Kong Land soared.

However, United's stake in Hutchison Whampoa has reached 31.2%, and it is only 3.8% away from triggering the principle of a full acquisition.

Central Hilton Hotel Box

The four giants gathered here to discuss the next steps.

"I have already negotiated with a foreign shareholder on behalf of United Company. He will sell his 2.4% stake to United Company. In this way, United Company will hold 33.6% stake in Hutchison Whampoa. We are only 1.3% away from controlling Hutchison Whampoa," said Li Wendi.

"Are the shareholders you contacted reliable? They won't change their minds at the last minute, right?" Zheng Yutong asked worriedly. This was the most critical moment and any carelessness would result in huge losses.

Li Wendi shook his head. "No, I have signed an agreement with him. If he breaches the contract, he needs to pay us 20 billion yuan."

Everyone nodded slightly, 20 billion yuan is equivalent to buying an insurance policy.

"Everyone, after United Company announced that it held a 31.2% stake, the Hong Kong Land Company found Mr. Shen Bi of HSBC. Mr. Shen Bi is willing to mediate our acquisition." Li Jiacheng said, observing the expressions of the three people.

Among the four people present, only Li Wendi was not afraid of Shen Bi, the boss of HSBC. The other three had to do business with HSBC more or less. So when Li Jiacheng mentioned this name, the box suddenly became quiet.

"Shen Bi said it was just mediation. Jardine Matheson is still taking action. Newby announced earlier that Jardine Matheson and Mandarin Oriental Hotel will conduct a capital raising and share offering. These funds will definitely be used to acquire the shares of Hutchison Whampoa. So I think no matter who mediates, we cannot stop for the time being unless we have reached an agreement with Hutchison Whampoa. What do you think?" Li Wendi said, looking around.

Newby also took advantage of the time during Shen Bi's mediation to raise funds for a counter-takeover.

Zheng Yutong supported Li Wendi and said, "I think what Wendi said is right. We have invested billions of dollars. If there are any problems, Shen Bi may not speak for us. He can only speak for us if we strangle the neck of the Landmark Company."

Li Wendi waited for a while, but still did not see Li Jiacheng and Pao Yue-kong express their opinions, so he said, "If you two want to withdraw, I can immediately mobilize funds and return them to you. The previous agreement will automatically be invalidated. Of course, the benefits obtained from the Hong Kong Land Company have nothing to do with you."

Li Wendi has never liked to hesitate, nor is he afraid of offending Pao Yue-kong and Li Jiacheng. After all, this is a matter of tens of billions, not a small amount of tens of millions.

"Mr. Li, I agree to continue the acquisition. As for how to negotiate with Jardine Matheson, we will still proceed according to the original plan." Pao Yue-Kong did not want to give up the benefits that were already in his mouth.

Li Jiacheng had frequent dealings with Shen Bi, and his strength was weakened by Li Wendi. He is still relatively dependent on loans from HSBC, so he is very wary of Shen Bi's "mediation".

It is said to be mediation, but in fact it is about saving face.

"I also agree to continue the acquisition and cannot stop." Li Jiacheng was also unwilling to give up those huge profits.

Li Wendi glanced at Li Jiacheng and said, "Mr. Li, since Shen Bi has contacted you, you should inform Shen Bi and ask him to arrange a meeting between us and Niubijian and others within three days. If there is no news within three days, don't blame us for not giving face to this HSBC boss."

No one present had the slightest doubt about Li Wendi's bold statement, because as soon as Li Wendi noticed that no one had expressed their opinion, he immediately said that he could mobilize funds and start the acquisition of the Jardine Matheson Group on his own.

"Okay, I will inform Mr. Shen Bi." Li Jiacheng nodded and said.

On the afternoon of the third day, a mediation meeting organized by Shen Bi was held at the Mandarin Oriental Hotel. The people who attended from Jardine Matheson were Newbigin, Bowdoin and Simon Keswick.

After a few pleasantries, they got down to business.

"The three people from Jardine Matheson should have read the mediation plan we gave you. You have to give an answer now as to whether it is feasible or not." Li Wendi led the joint company's speech. After all, Li Wendi had a grudge against Shen Bi and Jardine Land Company, so he didn't need to be too concerned about other things when speaking.

"Mr. Li, this plan is impossible. If you divide up the land company like this, what will be left of the land company? It will probably be just an empty shell." Bao Fuda spoke first.

"This plan is very suitable. We already hold 33.8% of the shares of the Hong Kong Land Development, while you only have 30.6%, and you are at an absolute disadvantage. If you disagree, we can completely complete the acquisition of the Hong Kong Land Development, and then it will not be a division anymore." Li Wendi said bluntly.

(End of this chapter)