1977: The beginning of the blind date with the daughter of the king
Chapter 730 Lin Xiufeng's Intentions
Chapter 730 Lin Xiufeng's Intentions
Dah Chong Hong is a well-known trading and distribution company in Hong Kong Island. It was founded by the founding team of Hang Seng Bank and its businesses include food consumption, logistics, electrical appliances and automobile trading.
For Li Changhe, food consumption was fine, but he really needed Dah Chong Hong's largest logistics team on Hong Kong Island, its car dealership, and its electronics sales.
In particular, Dah Chong Hong's car trading business now represents many brands and is one of the most powerful car dealerships on Hong Kong Island.
Li Changhe never expected that Lin Xiufeng would actually bring up Dachangxing for a transaction.
Dah Chong Hong is no ordinary company. In the future, it took Rong Zhijian, along with Li Ka-shing and Guo Henian, from the CITIC Group to spend nearly HK$70 billion to acquire it.
Of course, that would be about ten years from now.
Even now, Dah Chong Hong is worth at least two or three billion. It's hard to say the exact valuation because Dah Chong Hong is not currently listed and is in the hands of Ho Sin Hang, Leung Kau Kui, Ho Tim, and a few others.
In addition, it cannot be ruled out that the Lin family may hold some shares.
“Mr. Lin, if Dachanghang is included, I’m definitely interested, but I’m afraid you can’t make the decision.”
"As far as I know, Mr. Ho Sin Hang is still the chairman of Dah Chong Hong today."
Li Changhe then chuckled and said to Lin Xiufeng.
Lin Xiufeng looked at Li Changhe and then said confidently, "Bao Sheng, Dachang Bank was built by my father. He Shanheng and the others all benefited from my father's influence back then."
"And I can tell you that He Shanheng and his group have already decided to take action against Dachang Hang. Their descendants are not interested in Dachang Hang."
"Bao Sheng, if you help me this time, I can step in and persuade my godfather and his men to trade Da Chang Hang to you. How about it?"
"How can I help you, Mr. Lin?"
At this moment, Li Changhe looked at Lin Xiufeng and asked gently.
Lin Xiufeng pondered for a moment, then said, "I currently own the Golden Gate Building, but I'd like Bao Sheng to take over many of the high-end residences in Central!"
"That must be difficult, Mr. Lin."
“Jianing has already collapsed, and as far as I know, a large part of your transactions with Jianing were fraudulent. In other words, the Golden Gate Building is actually involved in your debts. If I take over now, wouldn't I be taking on a lot of trouble?”
Li Changhe shook his head and said calmly.
Lin Xiufeng didn't refute it, but nodded: "That's right, that's how it is in theory, but in reality, there's a difference. Although the Golden Gate Building was a fake transaction, the ownership of the building is actually in my hands."
"So legally speaking, the house does belong to me. However, there is a financial dispute between me and Jianing, so even if the court investigates, it can only investigate my side."
“If these properties are still in my hands, then these things will naturally be involved. But conversely, if I sell them, then these properties are not actually involved; only the funds obtained from the land sale are.”
“Hong Kong Island is a place that upholds the law. Our transaction involved real money, so he can’t just say it’s invalid and take the house back from you, can he?”
"Besides, shouldn't Mr. Bao listen to my quote?"
"Mr. Lin, please speak!"
Li Changhe was now eager to hear Lin Xiufeng's thoughts.
"It's very simple. The Golden Gate Building, plus 68 high-end residential and commercial units in Central, I'll sell it to Bao Sheng for 500 million. That price shouldn't be too expensive, right?"
After listening, Li Changhe smiled and nodded: "It's really not expensive, it's about the market price."
Currently, Hong Kong Island's real estate market has plummeted, with even Grade A office buildings in Central experiencing a 40-50% drop in prices. However, even so, buying the Golden Gate Building for HK$500 million is not considered expensive.
What's more, it also comes with 68 high-end residential units in Central.
Li Changhe knew that these residences were luxury homes that had been launched in various parts of Central, which were previously purchased by Jia Ning at high prices to boost the stock price.
For example, in a high-end development under Li Ka-shing, the opening price was 1700 per square foot, but Caring directly offered 2800 per square foot to acquire many of the most prime floors and shops.
Therefore, the price quoted by Lin Xiufeng was not actually expensive; it was quoted at market price.
However, it is clear that Lam Sau-fung's offer is more than that. If it were only this price, there would be plenty of wealthy people in Hong Kong willing to buy it, not even Li Changhe.
So Li Changhe looked at Lin Xiufeng, waiting for him to continue.
As expected, seeing that Li Changhe didn't speak, Lin Xiufeng continued, "It seems that Bao Sheng knows that I have other conditions."
"It's very simple. This transaction price is just the price on paper. I hope that Mr. Bao will give me an additional 500 million privately on top of that."
Upon hearing this, Li Changhe understood Lin Xiufeng's idea.
This guy is trying to recoup his losses by selling off his assets.
On the surface, those properties were sold for 500 million, cleared out at market price. So even if the Hong Kong government investigates him, they can simply freeze the 500 million in the company's accounts or even use it to pay back the bank.
However, in private, he asked Li Changhe to give him another 500 million yuan, which was his real profit and made up for his previous losses.
"Is the extra 500 million that Lin Sheng requested for Lin Sheng himself, or does it include Chen Songqing and the others?"
Li Changhe asked curiously at this moment.
"Of course it's for myself. Who cares about that guy Chen Songqing? This money is to make up for my previous losses."
"In fact, even based on the true value of the Golden Gate Building, it is worth at least 800 million, and the real estate market in Hong Kong Island will not keep falling; it will eventually rebound."
"My terms are as follows: Bao Sheng gives me an additional 500 million, and I'll help Bao Sheng take over Dah Chong Hong!"
Lin Xiufeng said earnestly.
After listening, Li Changhe shook his head.
“This deal sounds great, but there’s one problem: the risk I’m taking is too great, and the promises you’ve made to me, Mr. Lin, are just empty words.”
"After all, besides the rules of the Golden Gate Building itself, a private transaction of 500 million is also very troublesome. It's not something I can just do by giving you a box of money."
"And how can Lin Sheng guarantee that if I make a deal with you, you will definitely be able to facilitate the sale of Dachanghang to me?"
"If you fail to deliver on your promise, wouldn't I have both taken on the risk and suffered a loss in this transaction?"
Lin Xiufeng frowned after hearing what Li Changhe had said.
"Actually, Mr. Lin, I'm very curious, why did you come up with the idea of making a deal with me?"
At this moment, Li Changhe asked Lin Xiufeng.
Lin Xiufeng then looked at Li Changhe, frowned, and said, "My godfather has always praised you, saying you are the most outstanding young man in Hong Kong, and wants me to join your club and play with you."
"Actually, even if the Golden Gate Building isn't sold, I won't be in any real trouble. I'll just suffer some losses, but personally, I'm not happy about it."
"Anyway, they said before that they wanted to find a new owner for Dah Chong Hong, so I think you might as well take over!"
"However, it seems I was too naive."
Li Changhe smiled and said, "Actually, this deal isn't impossible, but I need you to persuade He Shanheng to act as guarantor first."
“If you can get He Shanheng to come forward, I think this matter is worth discussing.”
Upon hearing Li Changhe's words, Lin Xiufeng looked up and asked with delight, "Bao Sheng, do you mean that as long as I get He Shanheng to vouch for me, it'll be fine even without Dachanghang?"
“We definitely need to talk to Dah Chong Hong, but I doubt you can make the decision, Mr. Lin. I think it would be better to talk to He Shanheng directly.”
"However, as long as Mr. He is willing, I am willing to help you, Mr. Lin, in this matter." Li Changhe's premise for helping the Lin family is to get the Lin family's connections to do him a favor. And now the Lin family's biggest connections are naturally He Shanheng's side, followed by the Lin family's in-laws.
Moreover, putting everything else aside, the real estate that Lin Xiufeng is giving away is worth far more than a billion yuan in terms of value alone; it's just that there have been some controversies recently.
But this little disturbance was nothing to Li Changhe.
His transaction with Lin Xiusheng was a normal market transaction, and the price was market value. There was no issue of buying low and selling high. Even if the building was involved, as long as the court did not seize it, the transaction was allowed.
At that time, the dispute between Jia Ning and Lin Xiufeng will be a financial dispute between them, and will have nothing to do with Li Changhe and these real estate companies.
Lin Xiufeng must have had someone give him guidance afterward, otherwise he wouldn't have come up with this idea.
However, while he could offer advice, there were certainly not many people willing to make this deal with Lin Xiufeng.
Firstly, not many companies can absorb such a large sum of money all at once.
Secondly, the key issue lies in the 500 million that Lin Xiufeng privately demanded.
The money is easy to discuss, but the problem is that things might get exposed, which would be very troublesome, especially the transaction method. How to give the 500 million to Lin Xiufeng is a troublesome matter.
For most people, these things would be very difficult to handle, but for Li Changhe, it was a much simpler matter.
"Does it really have to be my godfather who has to come forward?"
"Alright, I'll go back and talk to him. Anyway, Dah Chong Hong was founded by my dad, I don't believe he'd just stand by and watch us die!"
Lin Xiufeng readily agreed.
"Then let's wait and see what good news Lin Sheng has to say."
Seeing Lin Xiufeng's confident demeanor, Li Changhe couldn't help but sigh inwardly.
To be honest, Lin Xiufeng showed no respect for He Shanheng and the others. The so-called godfather was probably just a title.
This kid really takes advantage of having a good father; he's completely unscrupulous.
Whether I can reach an agreement with He Shanheng depends on how much affection he still has for the Lin family.
However, considering Lin Bingyan's personal charm back then, He Shanheng's feelings for the Lin family must have been genuine.
After all, Lin Bingyan had truly helped them back then, and he was a very fair and selfless person, which is why he had a good reputation and was well-liked.
After having a simple meal with Lin Xiufeng, Li Changhe returned to Deep Water Bay, but was summoned by Bao Yugang upon arriving at Deep Water Bay on Hong Kong Island.
"You really showed off your power this time. Shen Bi has been asking you for information every few days lately."
In the study, Bao Yugang sighed to Li Changhe.
Li Changhe smiled dismissively: "Now you're worried? What were you doing all this time?"
"You really think I'm an easy target!"
"Alright, I think you shouldn't argue with him anymore. After the New Year in March, come to London with me, and I'll take you to visit the Thatcher family."
"If you want the British car industry, you have to start directly with Downing Street. Sir Michael Sandberg and his associates won't have much influence."
"Moreover, I think it would be a good thing for the country if you went to Downing Street in person."
"Leaving Hong Kong aside, the mainland's reform and opening up, investment attraction, and industrial development still require support from Europe and the United States. If you can maintain good relations with the British, it won't do you any harm."
At this moment, Bao Yugang spoke earnestly to Li Changhe.
After listening, Li Changhe smiled and nodded: "Okay, then I'll go there. I'll take the opportunity to visit Europe while I'm at it."
"By the way, Uncle, there's something else. Lin Bingyan's son came to see me tonight."
"Lin Bingyan's son?"
"Is it the one from the Jialing Group?"
Upon hearing Li Changhe mention it, Bao Yu asked in confusion.
"Yes, it's him. He wants my help."
Li Changhe then explained Lin Xiufeng's intentions to Bao Yugang.
After listening, Bao Yugang couldn't help but shake his head.
"Back in the day, Lin Bingyan was a prominent figure in Shanghai. His Dah Chong Hong bank was famous throughout Shanghai. He was able to chat and laugh with people like Kong Xiangxi and Song Ziwen. He had banks and various businesses in Shanghai, Guangzhou, and Hong Kong."
"It's a pity that the family ended up with such a son."
"You rejected him?"
After Bao Yugang finished his exclamation, he turned to Li Changhe and asked curiously.
“I didn’t reject him, but I’d like to talk to Ho Shan Heng first.”
“If He Shanheng is really willing to sell Dachang Hong to me, I don’t mind helping the Lin family out.”
Li Changhe said seriously.
"Da Chong Hong is indeed a leading trading company in Hong Kong."
“When I was chatting with He Tian before, he mentioned that they had considered selling Dah Chong Hong to a new owner, since they are getting old and the younger generation in their family is not interested in the trade business.”
"It's just that they have a deep affection for Dah Chong Hong, so they haven't taken any action yet. They're probably still hesitating."
"If you want to take over Dah Chong Hong, money alone is not enough."
“I think I should talk to Ho Sin-hang about this first. After all, he is a senior figure in Hong Kong. Even if he lowers himself to meet you for the sake of the Lin family, he probably still has some complaints.”
“Okay, I’ll talk to He Shanheng for a bit first, and then you can talk to him about Dachang Bank.”
"By the way, how do you plan to give Lin Xiufeng that 500 million? The worst thing about these kinds of private transactions is exposure. Once it's exposed and triggers an investigation by the Hong Kong government, it will be a huge blow to your reputation."
"Especially now, it's also involved in the fraud case involving the Jianing Group, which is why he can't find a buyer. It's a ticking time bomb, and nobody wants to take it on."
At this moment, Bao Yugang earnestly reminded Li Changhe.
Li Changhe smiled and said, "Actually, I had already thought about this. Lin Xiufeng must still have money. I'll have them put the money into my investment company in the name of the Lin family fund, and then I'll make the money for him through investment."
"Don't even mention 500 million, as long as you give me time, I can get him 1 billion."
It's 83 now, only two years away from the Plaza Accord in 85. Li Changhe can earn this little bit of money for them in no time.
With a fair and transparent investment return and no risk involved, he couldn't believe He Shanheng wouldn't be tempted by that alone.
"You're probably the only one who can be so confident in making money from the financial markets!"
"Alright, I'll arrange to meet with He Shanheng in the next couple of days to discuss this matter."
(End of this chapter)
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