After a while, Shen Dong walked in and asked, "How did it go?"
Liu Dong took out a card and said, "Brother Dong, what do you think we should do with this?"
Shen Dong took the card, glanced at it, and couldn't help but laugh. It read: "Ten thousand US dollars more than their highest bid."
The name that follows is Li Ka-shing.
Shen Dong smiled and said, "See? That's the cleverness of Hong Kong's richest man. What was the highest price?"
Liu Dong said, "The US$105 million from the US consortium is much higher than I expected."
Shen Dong said, "Then record Li Ka-shing at US$105.01 million."
Liu Dong nodded and said, "Okay."
After the ranking and statistics were completed, Liu Dong immediately made an announcement.
"The highest bidder was Sir Lee, who offered US$105.01 million."
One of the representatives from the American conglomerate shouted angrily, "You are cheating!"
Liu Dong had already guessed that this would happen, so he remained very gentle and asked, "Sir, why do you say that?"
The representative said, "Because our offer was $105 million. I don't believe Sir Lee would only offer $10,000 more than us; that's outrageous."
Upon hearing this, the crowd immediately began to discuss it amongst themselves.
"An extra ten thousand dollars, that's quite a coincidence."
"Did Hang Seng Bank really cheat?"
"Mr. Shen and Sir Li don't seem to have a good relationship, so it's impossible for him to cheat for him."
"What exactly is going on?"
......
Everyone turned to look at Liu Dong on the stage.
Liu Dong picked up the card that Li Ka-shing had submitted and said, "Sir Li's card doesn't have a specific number on it. He only wrote one sentence: $10,000 more than the highest bid. The representative of the American conglomerate submitted the highest bid of $105 million, so Sir Li's bid is $105.01 million."
"Holy crap."
"You can do it like this?"
"This Sir Lee is truly brilliant."
"I admire Sir Li more than anyone else."
......
The representative of the American conglomerate gaped open, dumbfounded by Li Ka-shing's outrageous move.
Liu Dong continued, "The second highest is Alca Investment Group, at 105 million US dollars."
"The third is Mr. Huo Yingdong, with 103 million US dollars."
"The fourth is Mr. Li Zhaoshan, with US$100.1 million."
"Now I would like to ask the three gentlemen whether they agree to purchase the corresponding shares at a price of US$105.01 million."
The representative of Alka Investment Group said, "Agreed."
Huo Yingdong and Li Zhaoshan said in unison, "Agreed."
Liu Dong smiled and said, "Thank you very much for your trust in Hang Seng Bank. Please stay a moment while we go to the meeting room to sign the agreement. Also, thank you all again for coming. I hereby declare this auction over."
To express his gratitude, Shen Dong personally escorted the group of wealthy people downstairs.
Only after everyone had left by car did Shen Dong return to the hotel's meeting room.
Li Ka-shing said, "Mr. Shen, your Flying Sky Hotel is really well built."
Shen Dong smiled and said, "Sir Li, you flatter me. Compared to those five-star hotels, Tengfei Hotel is far inferior. After all, the hotel's foundation is a medium-sized or large-scale nightclub, and no matter how hard it tries, it can't compete with those large brand hotels."
Li Ka-shing said, "What about the Flying Sky Hotel in the inland areas? They seem to be larger than those branded hotels."
Shen Dong said, "The main reason is that land prices are cheaper on the mainland. The money to build one hotel on Hong Kong Island can build three on the mainland for the same area. The operating and service costs of hotels on the mainland are more than 60 percent lower than on Hong Kong Island. Given the choice, I would naturally choose the mainland."
Li Zhaoshan said, "Mr. Shen, you only calculated the cost, but it seems you didn't calculate the profit."
Shen Dong said, "The profits should be on par with those of Hong Kong Island."
Li Zhaoshan exclaimed, "This is impossible!"
Shen Dong said, “Mr. Li, you should know better than me how many hotels there are on Hong Kong Island. The average occupancy rate of the Tengfei Hotel is not low, almost always above 60%. However, due to competition, the prices are all discounted. The mainland is different. Major first- and second-tier cities lack iconic high-end hotels. Once built and operational, the occupancy rate will be at least 80%. Even if the room price is 30% lower than on Hong Kong Island, the profit margin will not be worse than on Hong Kong Island.”
Li Zhaoshan asked, "Are there really that many wealthy people in the mainland who can afford to stay in luxury hotels?"
Shen Dong smiled and said, "You underestimate the mainland. There is the world's largest market with more than a billion people. Although millionaires only account for a fraction of the total, there are still hundreds of thousands of them. If you add businessmen from Hong Kong and overseas, the number may exceed one million. In another two years, this number should increase several times over. At that time, the Tengfei Hotel may be so popular that it will be hard not to make money."
Huo Yingdong chuckled and said, "I also have two hotels in Guangcheng, and the annual profits are indeed greater than those of the hotels in Hong Kong."
Li Zhaoshan said, "It seems that my investigation last time was not thorough enough."
Shen Dong touched his nose and said, "I think I did something stupid, adding another competitor to my team."
"Ha ha ha ha"
Everyone laughed.
Half an hour later, Liu Dong, representing Hang Seng Bank, signed a contract with the four individuals.
The representative from Alca Investment Group left first, while the other three remained.
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