"Li Qing, we must know ourselves and our enemies."
Lu Fei walked to the TV cabinet in the hotel. There were some magazines on it, such as "Next Weekly", "Ming Pao Weekly", "Xindi" and so on. The covers were either "The Grudges of the Gambling King Family" or Xu Jinheng's Romance.
He pulled out the "Hong Kong Economic Daily", sat back down, folded his legs, and took a sip of tea.
"Do you know how PCCW started?"
Zeng Liqing put down his tea cup and listened attentively.
It turns out that Li Zekai's PCCW was the name changed after the merger of PCCW Digital Power acquired Xiangjiang Telecom. At the beginning, PCCW was just a shell company he founded.
Relying on the "Cyberport" PPT, we successfully obtained a large amount of land. In 1999, we borrowed a shell company and went public through a backdoor listing.
"With his identity, the reputation of his father and his family, and with the prosperity of the Internet bubble, the market value jumped from 10 billion to 200 billion Hong Kong dollars."
Lu Fei crossed his hands and put them on his thighs, "This is where the money for investing in Penguin comes from, because the actual value of Yingdong cannot support such a high market value."
Zeng Li made it clear, and he suddenly said: "So Mr. Li, we must build Yingdong into a real asset to support the 200 billion Hong Kong dollar market before the Internet frenzy fades and the market returns to rationality."
"Yes, he is targeting Xiangjiang Telecom."
Lu Fei smacked his lips, Xiangjiang Telecom was a piece of cake. It was the largest company in Xiangjiang and provided comprehensive telecommunications services such as fixed line, wireless phone, Internet and so on. His old Li family's Hutchison Telecom had to be sidelined.
But such delicious food is very valuable, and then Li Zekai performed a series of cool moves.
The opponent he competes with is Singapore Telecom, a state-owned enterprise. First of all, public opinion is building momentum. Communications is an important tool and cannot be easily handed over to foreign companies.
Naturally, the balance favors Yingdong, which is almost an empty shell. However, it is not easy to swallow up the snake. It will require at least 35 billion US dollars. But Yingdong has almost nothing except market value.
Then, another showy operation came.
Li Zekai did not use Yingdong's stock as collateral, but took Xiangjiang Telecom's stock as collateral. He wrote a bad check in advance. Although he has not yet acquired Xiangjiang Telecom and can be the master of the company, he will definitely succeed in the future.
In other words, I saw this shop, but I haven’t bought it yet, but this shop must belong to me, so I took out a loan from several banks for the land of this shop, bought the shop, and then took the shop.
The profits will be paid back slowly.
This is reasonable, right?
"Can you still play like this? Isn't this just a waste of money?" Zeng Liqing blinked.
"Who gave him a father and family endorsement?"
Lu Fei smiled coldly. The result was that more than 30 banks, led by HSBC, borrowed US$13 billion to help Li Zekai use an almost empty shell company to swallow up a century-old industrial enterprise with an annual net profit of over 10 billion Hong Kong dollars.
"However, this kind of gameplay also requires time. It's a good thing that the Internet bubble has not burst."
Lu Fei handed over the newspaper. "Hey, now that the bubble has burst, PCCW's market value has dropped immediately. It's been a miserable fall."
Zeng Liqing took over and took a look, and it was really terrible.
From the peak of 560 billion Hong Kong dollars during the merger and acquisition, only 30 billion Hong Kong dollars were left. Xiangjiang Telecom was also dragged down. The profit of more than 2 billion Hong Kong dollars, except for the land, almost became a junk asset, along with the debt of 13 billion US dollars.
It's not worth mentioning at all.
"The debt is equivalent to 100 billion Hong Kong dollars. The interest alone costs tens of millions every day. How can he pay it back?"
Lu Fei showed a disdainful smile and called "Little Superman", which is so embarrassing for Batman!
Without Li Huagua, he would have been like the five crabs of the Ding family, jumping vertically and falling freely.
"He can only sell all his assets, including Penguin. He has wanted to sell it for a long time, but he has never been able to find a buyer. Why is he willing to see us this time? He just wants to use me as a takeover."
"The taker?"
Zeng Li Qing was confused and quickly understood the meaning of this word.
"But Mr. Lu, we can only give so much, and we can't stretch it out much. Compared with the debt of 13 billion U.S. dollars, it is a drop in the bucket."
"Young Master Li will be responsible for all kinds of things with this money. Naturally, his father will take care of it."
Lu Fei rubbed his hands, "I am just guessing that the assets sold by Mr. Li are only used to repay interest, a little, yes, to save face in front of the media. After all, he only lived in one of the four richest people in Hong Kong last year.
You can’t become a ‘rich man’ in just one year.”
"So that's it."
Zeng Liqing suddenly realized that if you want to increase the price, just say so at the negotiation table. What kind of tricks are you playing?
"He's not trying to force us. Let's not worry. Let's go have an authentic Hong Kong-style morning tea tomorrow. We're tired of the hotel breakfast."
Lu Fei put his hand into his bag, fumbled for a while, and took out the college entrance examination sprint paper.
"Maybe, if you have the chance, you can give him a hand in return."
………………
"Want you to help them contact Zhang Guorong?"
Li Zekai wanted to laugh inexplicably, and turned to face a middle-aged man with a slicked back hair.
"Brother Yuan, at this time, Lu Fei still has time to chase stars."
"That's exactly what makes him smart."
The person who spoke was Brother Yuan, whose full name was Yuan Jingliang. He had a fierce look on his face. He was once Li Huanggua's right-hand man. He was a madman and said harsh words——
I won’t work for anyone except Li Hugua!
It was also Li Huanggua who arranged for him to assist Mr. Li and seize Xiangjiang Telecom. It was a grand project that the two of them conspired to accomplish.
There is no doubt that he is an old fox in the world.
"Mr. Li, how much of Penguin's equity do you plan to sell?"
"Of course, the more, the better. I hope he can offer more than 10 million US dollars, but I don't think they can come up with it. My base price is the number 5, which is auspicious."
Li Zekai stretched out five fingers, and there were many combinations of five, but no matter what, it was bound to be more than 5 million.
"But Mr. Li, they said they will stay in Xiangjiang for another three days at most."
The secretary replied: "If they can't see Zhang Guorong or Mr. Li, they will go back because Mr. Lu is busy."
"Something? Did you say something?" Yuan Jingliang asked curiously.
"Mr. Lu has to go back and prepare to take the college entrance examination," the secretary said.
"College entrance examination?"
Li Zekai didn't know Lu Fei at first and didn't do any investigation. Now he was shocked and confused, he turned out to be a high school student?
If Lu Huateng, who has an "ordinary family", can even hand over penguins, this Lu Fei must also have an "ordinary" family!
Later, he paid a little attention to it, but not completely. His focus was still on PCCW's debt.
"Tell them that I will invite them to have a meal together at noon the day after tomorrow."
………………
Hong Kong Citi Building, Western Restaurant.
Lu Fei was wearing a suit and sitting at the window seat. With a casual glance, he could see a blue shallow bay through the glass window.
Zeng Liqing looked around the room. It was empty and deserted.
"Li Qing, is there any news from MIH?" Lu Fei said.
"No, Lao Lu has not received a reply from Wang Dawei. If there is news, I will tell you as soon as possible."
Zeng Liqing is not stupid. He knows very well that Lu Fei's repurchase of PCCW's equity will probably be used to make a fuss about MIH.
While they were chatting, suddenly, the silence was broken by the sound of trivial footsteps, followed closely by the clicking of photos and the noise of people.
The cameras were all focused on the playboy-style man. He was holding the woman's hand and walking slowly, letting others take pictures without any scruples.
"That woman seems to be a star, right?" Zeng Liqing said softly.
"Cheng Farong, Long Jiu in "The Gambler"."
Lu Fei clicked it and recognized the man as Xu Jinheng. "They should have met their parents not long ago."
"Does Mr. Lu even understand this?" Zeng Liqing said.
"There are so many gossip magazines in the hotel, just look through them and you'll know."
Lu Fei looked over and saw the two people surrounding them like they were being chased by celebrities, with paparazzi and the media following them frantically.
Soon, the commotion caused the security guards, waiters, and paparazzi to be driven away forcefully, and the scene was once embarrassing.
"The paparazzi in Xiangjiang are really crazy." Zeng Liqing said in surprise.
"Yeah, crazy."
Lu Fei squinted his eyes. In his sight, Xu Jinheng was holding Cheng Farong's shoulders, enjoying the gentle countryside, "But who gave them anything to dig for? A beautiful Hong Kong girl, a romantic young man, he has a rich father, Li Qing, we just
You can work hard to be a father to others."
"That's right, Mr. Lu." Zeng Liqingmo disagreed.
"But I didn't mean to do us a favor."
"help?"
Zeng Liqing was puzzled, and when he saw Lu Fei smiling and saying nothing, he was even more puzzled.
After sitting for a while, feeling hungry and almost growling, Li Zekai finally showed up.
As soon as he appeared, he instantly attracted the attention of everyone in the restaurant. The diners on both sides of the aisle couldn't help but nod in goodwill.
Even though Xu Jinheng, who was making love with Cheng Farong, his expression changed again and again. He never expected that Young Master Li would come here, let alone that he walked straight to a table occupied by people. The young man at that table stood up and the two of them held hands.
Happy words.
Cheng Farong stared at Lu Fei curiously, "Who is this person?"
"Hen."
Xu Jinheng frowned and thought wildly in his mind, but found nothing. Who the hell is he?
