Hong Kong 1980: The Savage Era

Chapter 10 [What a huge commission] (Please collect)
"Okay!" Luo Qihong took the check and took a taxi back to Kowloon Bay.

He called the owner that evening and arranged to meet at a law firm near the store at around 11 a.m. He planned to go to the bank early the next morning to cash the check.

Cheung Lok Street, Kowloon

The work here has been completed. The garbage and other things have been cleaned up by the construction workers, and the place has returned to its former comfort and cleanliness.

Lu Song looked back and forth between the two stores, repeatedly sizing up the wall, giving Luo Qihong the feeling that he wanted to tear it down.

Half an hour later, Luo Qihong couldn't help himself and said, "Mr. Lu, if you think this is good enough, we can go to the law firm to sign the contract."

Lu Song looked back at Luo Qihong and nodded slightly, "Okay, has the owner arrived at the law firm?"

Luo Qihong responded, "I have an appointment with the owner at 11 o'clock. Now it's half past ten. We just went to the law firm. It's just right. Otherwise, we might be late."

"Then let's go." Lu Song patted the wall, as if he had not yet made up his mind to demolish it.

In the law firm, Lu Song carefully checked the contract and was relieved when he saw that it was 7% of the market price. As for the agent's commission, it was of course not written in it.

The contract was signed smoothly, and neither the owner nor Lu Song had any additional requirements.

Luo Qihong heaved a sigh of relief when he received the check from the owner. This was the largest deal he had ever made as a real estate agent, and the commission reached a staggering 3 yuan. He had the illusion that "selling houses makes more money than speculating in stocks."

With an original capital of 3 yuan, Luo Qihong can do a lot of things.

"Mr. Luo, if there are any shops or houses in this location in the future, remember to find me. I will definitely give you a high price." Lu Song said with a smirk. More friends mean more opportunities.

"No problem, Mr. Lu." Luo Qihong hurried to the bank to cash the check. "I have something urgent to do. Goodbye, Mr. Lu."

"Goodbye!" Lu Song waved his hand. He knew what Luo Qihong was thinking. When he first entered this industry, he had the same mentality, but his ability was slightly worse than Luo Qihong's.

HSBC Trading Room

Luo Qihong directly handed the check to Liang Botao for cashing. After 2 yuan was transferred into the account, he asked about the stock price of Yongchangsheng Real Estate Company.

Originally, Luo Qihong planned to continue buying shares of Regal Hotels, but when he saw on the blackboard that the stock price had risen to 3.8 yuan, he no longer had the urge to buy in. After all, he wouldn't be able to make much money.

"The current share price of Yongchangsheng Real Estate is 0.9 yuan, with a slight upward trend." Liang Botao replied.

"I should have 3 yuan in my account. Please help me buy all of Yongchangsheng Real Estate, and try to maintain the purchase price at 0.9 yuan." Luo Qihong said with a cold face.

"Okay, Mr. Luo!" Liang Botao knew that Luo Qihong didn't have much money in his account, so he probably wouldn't have any other instructions. So he said, "Mr. Luo, I've already found your new trader. Do you want to call him over now so that everyone can get to know each other first?"

Luo Qihong nodded slightly, "Okay, Mr. Liang, call the people over."

Although Luo Qihong felt that there was no need to be so anxious, since Liang Botao had proposed it, he couldn't refuse. In the future, he would need to find Liang Botao, an employee of Huoduoli Company, for some things.

A few minutes later, Liang Botao came over with a young man who was about the same age as Luo Qihong. He seemed to have just graduated and had a lot of awkwardness and shyness on his face.

"Let me introduce you, Luo Sheng, your new trader Zhang Taotao. He's a newcomer, but he picks up things quickly. Give him some time to learn, and he won't delay Luo Sheng's work." Liang Botao said a few good words for Zhang Taotao.

Zhang Taotao is a man, handsome and well-dressed, but not very mature, looking more immature. "Hello, Mr. Zhang! Please take care of me in the future!" Luo Qihong saw that Zhang Taotao was a little shy, so he took the initiative to extend his hand.

Zhang Taotao swallowed his saliva, quickly shook his hand, and said in a trembling voice, "Luo Sheng, hello!"

The three of them chatted for a while, mainly to let Zhang Taotao and Luo Qihong get to know each other. Although Liang Botao has not been transferred yet, Zhang Taotao's performance is a bit poor and he needs some time to grow.

Back to North Point Company
The boss Lin Luoqi sat there with a sad face, and he didn't even have the interest to watch Dragon, Tiger and Leopard. Luo Qihong thought he was being cheated by his peers again, so he asked him the reason.

"I may not be able to work as an agent anymore. My family asked me to go back to work in the family company." Lin Luoqi explained with a dejected look on his face.

Luo Qihong was puzzled. Isn't it better to have a rich second generation than to work hard on your own? Why do these rich second generations want to distance themselves from their family business?
However, Luo Qihong would not ask such questions because it would offend people.

"Then what are you going to do? The company is not going to close, is it?" Luo Qihong said with some concern. Although it is not difficult for him to start a new business, it is very troublesome and it takes time to build a reputation and network of relationships.

Lin Luoqi sighed and said, "I don't know either. My mother has already given the order. If I don't go back, she will no longer recognize me as her son."

"Then you should go back." Luo Qihong could understand Lin Luoqi's pain. His parents had threatened to disown him. What else could children do? They couldn't just ignore it.

Lin Luoqi thought for a moment and said, "It's probably inevitable. Ah Hong, do you want to take over the company?"

Luo Qihong pretended to be surprised. Actually, when Lin Luoqi mentioned going home to inherit the family business, he thought of taking over Luoqi Real Estate Company. However, due to the social etiquette, he couldn't act too unkind. "In fact, you can take care of both ends. I can help you deal with some matters here."

Lin Luoqi shook his head and said, "It's easy to say, but it's actually hard to do both. Instead of being uncomfortable on both ends, it's better to concentrate on making one thing. I plan to sell this store to you for 5000 yuan. If you are having difficulty in cash flow now, you can pay slowly."

Lin Luoqi knew that Luo Qihong was investing in stocks and he probably didn't have that much spare money.

Luo Qihong persuaded Lin Luoqi a few more times, and seeing that Lin Luoqi had made up his mind, he agreed, "Then I will take over the company. I will give you 5000 yuan next month. I really have no money now. The commission I just received was invested in the stock market."

"Which company's stock did you buy again?" Lin Luoqi asked curiously.

Luo Qihong smiled and said, "It's the newly listed Regal Hotel. I should be able to make a small profit."

"Haha!! I also bought some. I heard from the experts that it could rise to 5 yuan. I think it would be no problem to make a 6% profit." Lin Luoqi made a lot of money in the stock market, but the rate of return was not high. He thought that 6% was already very good.

"The stock price of Regal Hotel is 3.8 yuan now. If it rises to 5 yuan, I can only make 3% of it, which is your 50%. Alas! I was too slow to act." Luo Qihong sighed and expressed regret.

Lin Luoqi smiled and patted Luo Qihong on the shoulder, saying, "Don't sigh! The stock market is very good now, and there are many opportunities to make money. As long as you have enough capital, the profit will not be small."

Luo Qihong nodded and said, "Take your time. First, make money and buy a house."

This is the truth. Luo Qihong is kind of thinking about moving out of Kowloon Bay and living somewhere with a better environment.

Monday, September 10
Zhang Taotao called and said that the stock price of Regal Hotel had risen to 5.2 yuan.

Luo Qihong also rushed to HSBC immediately, met Liang Botao and Zhang Taotao, and ordered, "Mr. Liang, Mr. Zhang, please sell all my Regal Hotel shares and buy Yongchangsheng Real Estate Company shares."

(End of this chapter)