Li Jianhui had just returned to Wheelock Tower, and before Chen Yulian could notify the senior management of Wheelock Group for a meeting, Qiu Deba, the second largest shareholder of the group, came to visit.
"Li Jianhui, it is rumored that Wheelock Group will develop Tin Shui Wai immediately, and will develop it at a rate of building housing for 100,000 people every two years.
Everyone knows that Tianshuiwei currently does not have the foundation for such a large-scale development. As a shareholder, I need an explanation."
Li Jianhui drank the tea in his cup leisurely, and did not take Qiu Deba too seriously. Currently, Li Jianhui holds 49.9% of Wheelock Group, Daoheng Bank holds 6.3%, and Xinhui Investment Company holds 7.6%.
Qiu Deba, the second largest shareholder of Wheelock Group, cannot play a big role at all.
Seeing Li Jianhui treating him like nothing, Qiu Deba said angrily: "Your practice of disregarding the interests of thousands of shareholders of Wheelock Group for your own personal gain will inevitably be condemned by everyone. Wheelock Group is here to
The future will inevitably be destroyed in your hands."
"Mr. Qiu, if you came to me today just to say this, then please come back. I am quite busy with things and don't have time to waste here with you. As for your opinions on the Tin Shui Wai project, I already know it. The group will hold a meeting tomorrow morning.
At the board meeting, all directors will vote."
Li Jianhui had made it clear that he was going to see off the guests, and Qiu Deba was too embarrassed to stay.
But before leaving, he said again: "Even if Li Sheng has objections to me, the thousands of investors who have bought our group's stocks are not to blame. I also hope that Li Sheng will consider the investors who support Wheelock Group and not go his own way."
As soon as Qiu Deba left, Chen Yulian came in and reported to him: "Jianhui, I don't know who is manipulating it. The press conference has not been held yet, and there are already rumors about the contract you signed with the Land Planning Department.
Our Wheelock Group is bearish on the stock market, and countless investors are rushing to sell their shares of Wheelock Group."
Li Jianhui has offended quite a few forces. He is still not sure which party is plotting against him this time, but one thing is clear, that is, the other party wants to lock up his funds and delay his expansion.
This can be seen from Morris's expression after he promised that Wheelock Group would move in to develop Tin Shui Wai within this month. This time it was obvious that there was a force setting a trap for him.
If he doesn't agree, he will reduce Wheelock's land bank, and if he agrees, a lot of money will be tied up.
The development of a residential complex for 100,000 people cannot be accomplished with tens of millions or hundreds of millions. The Wheelock Group needs huge funds to enter Tin Shui Wai.
It would be okay if the market there is mature. After entering the market, you can take out the planning drawings and pre-sell them, thereby obtaining funds for development.
Tianshuiwei obviously does not have this foundation, which requires the Wheelock Group to invest in the construction itself, which is a huge challenge to the Wheelock Group's liquidity.
From this point of view, it is understandable that Wheelock Group's stock price has plummeted. With the current situation of Wheelock Group, it is difficult for Wheelock Group to bear the construction funds required for this project alone.
"Yulian, please inform the senior management of the group and Wheelock Land that there will be a meeting in conference room 205 in half an hour."
…
The senior executives in the conference room had very serious expressions. The development cost of the Tin Shui Wai project was too high, and Wheelock Group simply could not allocate so much funds to support the development of the project.
In the face of everyone's opinions, Li Jianhui said: "I am aware of Wheelock's liquidity situation. Currently, Wheelock Land's main focus is on the construction of Wheelock Plaza in Haojiang New Town.
As for the construction of the Tin Shui Wai project, I plan to have the Xinjian Group take over, so you don’t have to worry about the Wheelock Group’s capital chain being broken.”
The senior executives present secretly breathed a sigh of relief after hearing this. The current development of Wheelock Group is quite good, and they do not want the group to collapse due to blind expansion.
To be honest, most of the senior executives present are not optimistic about the recent development of Tin Shui Wai. Tseung Kwan O will be the focus of Wheelock Group's development in the next few years.
However, if the Yanjian Group enters the real estate industry, then the 50 hectares of land in Tseung Kwan O will probably not belong to the Wheelock Group.
After all, compared with Xinjian Group, its own son, Wheelock Group still has some gaps. Huihong Group will definitely transfer this land to Xinjian Group.
If Wheelock Group wants to develop the Tseung Kwan O area, it can only purchase the land itself.
Previously, Li Jianhui also planned for Wheelock to develop the Tin Shui Wai project. However, due to funding issues, he continued to raise capital and issue additional shares as he had done before, with shareholders raising capital in proportion.
It was just the reaction from the stock market and the fact that many senior officials were not optimistic about it. He was too lazy to help other shareholders of the Wheelock Group to make a fortune. He directly asked the Xinjian Group to take over the land and develop it solely by himself.
As for the funding issue, all profits from Huihong Group are temporarily supported by Xinjian Group. At the same time, Xinjian Investment Company has also disposed of some of its shares to withdraw funds to get through this year.
"I wonder if anyone here is willing to work for Xinjian Group as the general manager of Xinjian Real Estate, mainly responsible for the development of the Tin Shui Wai project."
The senior management of Wheelock Group will not consider it at all. Xinjian Real Estate is just a subsidiary of Xinjian Group, and they will not lower their status.
Moreover, the main purpose of the establishment of Xinjian Real Estate is to develop Tin Shui Wai. This is a position that many senior executives take the blame for. Once the development of Tianshui Wai fails, the general manager of Xinjian Real Estate will bear the brunt.
The senior executives of Wheelock Land have no plans to go to Xinjian Group. Wheelock Real Estate is about to be split up. Soon they will become a relatively independent group company. The senior management's salary is the same as that of other major groups of Xinjian Group.
no big difference.
Moreover, the future development direction of Wheelock Land Group is clear, and they do not need to worry about the sudden stagnation of the group's development.
Xin Jian Real Estate is completely different. This company was established for the Tin Shui Wai project. Once there is a problem with the project or the project is completed, it may be merged.
After all, Xinjian Group is a financial group, and real estate is far from its main business. Xinjian Group will not create such a hodgepodge.
These senior executives know very well that although there will be many groups in the Xinjian Department in the future, each group will have its own backbone and will not span major industries, such as real estate, finance, film and television media, retail department stores, electronic semiconductors, transportation, logistics and warehousing, etc.
Let it mix together.
Xinjian Real Estate cannot always be under the Xinjian Group in the future. After the completion of the Tin Shui Wai project, one situation is to become an independent group company, and the other is to merge into Wheelock Land or Hutchison Real Estate.
According to Li Jianhui's plan, Xinjian Real Estate is likely to be merged into Hutchison Real Estate. After all, Hutchison Real Estate focuses on residential development.
Seeing that no one answered, Li Jianhui did not force anyone to work for Xinjian Group. He planned to see if anyone from Hutchison Whampoa was willing to come. If not, he would ask Xinjian Group to recruit directly.