On the third day after the stock market plummeted, all the principal and profits had been put into the bag. Duqi directly bought more than 1,300 acres of wasteland in Tseung Kwan O and Tseung Kwun O for a bargain price of HK$60 million, and prepared to build a tourist resort center centered on Phoenix Film and Television City. Duqi even plans to relocate all Oriental Film and Television and Phoenix TV stations in the future.

Next, Duqi bought Yau Ma Tei Theater (including land), one of the five major theaters in Hong Kong for HK$7 million. However, the so-called five theaters were just said 30 years ago. There were only 500 seats in Yau Ma Tei Theater, and some facilities were outdated, but this is the center of the old district and the source of customers is very sufficient. Yau Ma Tei Theater is a single-story building, and Duqi is planning to refill two more floors to transform Yau Ma Tei Theater into a three-story multi-hall cinema.

At the same time, Duqi purchased a 12-story building in Kowloon at a low price of HK$28 million and renamed it Oriental Building. The three floors facing the street are shopping malls, several floors upstairs are office buildings, and the four or five floors are converted into a multi-hall cinema by Duqi, which is merged into Shengshi Cinema together with Yau Ma Tei Theater.

Oriental Building was originally owned by New World Real Estate. Its boss was sentenced to prison last year and happened to encounter the bursting of the Hong Kong real estate bubble. When he was released from prison due to his sentence, New World Real Estate had been suspended and owed more than 300 million yuan in huge debts.

Many properties in New World were auctioned because the building had stable rental income, so it was retained to pay off its debts on a monthly basis. Unfortunately, the Hong Kong property market plummeted again a few days ago, and the building was also taken out for auction. The auction floor price was even only 18 million Hong Kong dollars. Duqi directly sold it at a high price of 28 million Hong Kong dollars.

Duqi's buying and buying action did not stop. On November 15, he spent 57 million Hong Kong dollars to buy Lu Haitong Building, No. 31 East Central, Queen's Avenue. Lu Haitong Building has only 13 floors. The reason why the purchase price is twice as high as the Oriental Building is because it is located in a prime location in Hong Kong Island, and its boss Lu Haitong Company is of great strength. If it weren't for the loss of other businesses of Lu Haitong Company, it would not have been possible for the other party to sell it at all.

After Duqi bought Luhaitong Building, Duqi used all other floors for rent. What he valued most was the Queen's Theater on the ground floor of the building. The location of this theater is so good. When you go out, you will be on Queen's Avenue, and the flow of people is very terrifying.

In addition, Duqi spent 60 million to buy 34 villas in Mid-mountain, Woda Laodao Mountain, Repulse Bay, Lantau Island and other places. In particular, some of the resort villas on Lantau Island are even more luxurious than Mid-mountain villas, but the price is equivalent to free gifts, and it is even less than an apartment building on Hong Kong Island.

The reason why it is so cheap is that the real estate company that repairs vacation villas are either bankrupt or on the verge of bankruptcy, and many villas are directly forcibly auctioned by banks. Now houses in Hong Kong have plummeted, and maybe one day the Sino-UK negotiations will break down. Who has the idle intention to buy villas in remote resorts?

When Duqi bought these villas, no one bids with him. As long as someone asks for a house, other buyers tacitly chose to give up. Anyway, there are still a large number of houses waiting to be sold at a low price, so they don’t have to fight for it.

In less than two weeks, Duqi had already spent 250 million Hong Kong dollars on buying, including the first fund for the construction of Phoenix Film and Television City and the money for the renovation of the three film companies.

Although the three theaters in Duqi's hands are very good in location and area, they can be called leading theaters after renovation, but they cannot satisfy Duqi's appetite at all. Unfortunately, the owners of the Shaw Brothers Cinema, Jiahe Cinema and Princess Cinema are not for sale at all. Apart from other remote small theaters, Duqi can only focus on the oldest theater in Hong Kong - Taiping Cinema.

Taiping Cinema is not an ordinary theater. It is not only a luxurious theater that is as famous as Li Stage, but also the oldest theater in Hong Kong. It was built before 1890 and has a history of nearly 100 years.

Taiping Cinema closed last year. After the luxury theater with a capacity of 1,000 people closed, Zou Wenhuai and Lei Juekun wanted to buy it, but the theater's owner Yuan Bifu refused to sell it, and would rather leave the theater idle there and eat dust.

Yuan Bifu is a woman, and a sentimental woman who is not short of money. Taiping Theater was passed to her father by her grandfather and then to her by her father. It had long contained a strong family emotion, and she had no intention of selling it.

In his previous life, the woman did not sell the theater in the end, but donated the theater together with the collection of cultural relics to the museum. Now Duqi plans to talk to the other party in person to see if there is any chance.

Du Qi came to the private room he had made an appointment and found that Yuan Bifu had arrived. He was sitting there flipping through magazines and drinking tea. He quickly apologized: "I'm so sorry, I've been waiting for Ms. Yuan for a long time."

"It's nothing, I'm used to arriving early," Yuan Bifu shook hands with Duqi.

The two of them were kind to each other, and Du Qi said, "Ms. Yuan, I am blunt, instead of letting Taiping Theater seal the dust, it is better to sell the goods and make the best use of it."

Yuan Bifu shook his head and said, "Taiping Theater has been going through three generations and cannot be spared by me, otherwise I will be the unfilial daughter of the Yuan family."

Du Qi advised: "Ms. Yuan, I think Ling's grandfather created the theater not to keep it closed. Ling Zun later rebuilt Taiping Theater and gave it the function of film screening. He also hoped that this theater could keep pace with the times. This is a luxury theater located in a prime location with more than 2,000 seats and is as famous as Li Stage! It should be open for business, use its stage to perform operas, hold concerts, and screen movies. I think this is the greatest respect for the two predecessors of Taiping Theater and the Yuan family."

Yuan Bifu said: "If someone wants to sing an opera or hold a concert, I will open the door to do business."

Du Qi was also helpless. It seemed that the woman in front of her had no business acumen, but she was not short of money. Taiping Theater, one of the two best theaters in Hong Kong, was actually closed down by her and she was beaten to death and refused to sell it.

In the end, Duqi could only ask: "Ms. Yuan, what conditions do you need to sell it?"

Yuan Bifu said firmly: "Don't sell."

Duqi settled for the second best and asked, "What about rent?"

Yuan Bifu also shook his head: "No rent."

After frowning and thinking for a moment, Duqi said, "I will pay 30 million Hong Kong dollars, and I will want it together with the land belt theater."

At the current price of real estate, 30 million Hong Kong dollars is enough to rebuild several large theaters of the same size. Yuan Bifu couldn't help but be moved. Although she didn't care about money, she was born in a wealthy family and still knew the amount of wealth. Duqi definitely paid a high price now, but she still shook her head and refused.

"Forty million Hong Kong dollars, this is my final offer." Duqi directly quoted such a price. If it was just land and construction, the price would definitely be a loss. Even in ten years, the price of the theater would double several times, because if Duqi was willing to make other investments, he would make more than ten times in ten years. Duqi actually valued the location of Taiping Theater, as well as its historical value and influence in Hong Kong, but 40 million Hong Kong dollars is already Duqi's bottom line.

After hearing that Du Qi had said such a price, Yuan Bifu couldn't help but be stunned for a while before saying, "Mr. Du is really persistent, but even if Mr. Du bids 100 million Hong Kong dollars, I still won't sell it."

Unexpectedly, he would be defeated this time, Du Qi could only sigh and said, "Since that's the case, I can only say it's a pity. If Miss Yuan wants to sell the theater in the future, she can contact me at any time. I am willing to buy it at a high price."
Chapter completed!