Hong Kong 1980: The Savage Era

Chapter 102 [News Worth 102 Million]

"The Lin Zuhui family seems to have offended someone. These things seem to be carefully arranged."

"It seems that Jide Real Estate Company is about to be acquired, but Haofeng Real Estate Company holds such a high stake, so the acquisition will be very difficult."

"Buy the shares of Jide Real Estate Company first. Whether it succeeds or not, the share price will definitely go up a lot."

"I can watch a show and make money at the same time. It would be great if this could happen more often."

The citizens of Hong Kong were talking about this, and many people felt that this was a conspiracy against Lin Zuhui's family, but they all just watched the show.

A large number of investors began to enter the market to buy shares of Jide Real Estate Company, and the stock price skyrocketed, rising by 11% in the first hour after the market opened (the stock price was too low and it was easy to skyrocket).

Seeing that there was profit to be made, those investors who had been waiting and watching also rushed to follow suit, and a scramble ensued, causing the stock price to naturally rise even more sharply.

Study room of the Lin Family Villa in Deep Water Bay

Lin Zuhui's face was very gloomy, just like the sky covered with dark clouds, and a storm seemed to be coming soon.

"Brother, Jide Real Estate Company is considered a member of the family. Although it is temporarily under my management, it will be returned to you in the future. How can you directly mortgage the shares to the bank and give outsiders an opportunity to take advantage of it?" Lin Luoqi said sarcastically.

Lin Luoshi couldn't help but hit back and said, "Jide Real Estate Company is going to be sold soon, so where is the future? Since it is going to be sold, there is no big problem for us to pledge it to the bank first, and then we can take it back when the time comes."

Lin Luoxun glanced at Lin Luoshi fiercely. He knew that what Lin Zuhui cared about was not the issue of cashing out the pledged shares, but the scandal of the family infighting that had been spread, making Lin Zuhui himself lose face in the circle and unable to raise his head.

"Dad, I have contacted the bank to raise funds to redeem the pledged shares. I will put other things on hold." Lin Luoxun said nervously.

Saying sorry or admitting mistakes now will not have much effect. The key is how to deal with the impact of this incident on the family and the company.

Although the share price of Jide Real Estate Company has skyrocketed, it is not a good time to sell it now, because the share price is inflated and it is difficult to stabilize the share price. The person who takes over may even take the opportunity to lower the price and will not even recognize the share price that has been hyped up by the Jili Building.

"Honey, let Luo Xun take care of the redemption of shares. But it may not be convenient for Luo Xun to handle other matters. It is better to let Luo Qi do it." Xu Jiawen suggested.

Lin Luoqi's eyes flickered, and his mind seemed not to be on these things, but thinking about other things.

He had a vague feeling that this was Luo Qihong's work, but he had no evidence, and this was also a normal business practice.

Lin Zuhui glanced at Xu Jiawen with dissatisfaction, as if to say, "It's already this time, and you're still fighting among yourselves."

"Luo Xun, I'll leave this matter to you. The 17% equity of Jide Real Estate Company held by the creditor bank will be redeemed by Haofeng Real Estate. At the same time, you will hold a press conference to explain to the outside world and calm down this storm." Lin Zuhui said after making the decision.

"Yes!" Lin Luoxun was slightly stunned, then nodded. This was not something he could refuse.

the other side

Luo Qihong has already called Zhang Taotao and Bai Jinyan to start selling the shares of Jide Real Estate Company.

What he played was just a little trick. By the time Lin Zuhui reacted, it would be difficult for the share price of Jide Real Estate Company to maintain its current level.

In the private investment in the shares of Jide Real Estate Company, Luo Qihong bought 0.9 million shares at 405 yuan per share and sold them at an average price of 2.34 yuan, recovering 928.746 million yuan (only 364.5 million yuan of leveraged funds were actually used). After deducting the leveraged funds, there was a remaining 564.87 million yuan, of which 541.246 million yuan was profit.

Zhaoan Real Estate Company acquired Jide Real Estate's shares at a relatively late time, so the profit it earned was far less than that of private investment, only 134.8 million yuan. Soon, Lin Luoxun held a press conference on behalf of Haofeng Real Estate Company, announcing that Haofeng Real Estate Company held 53.7% of Jide Real Estate Company's shares and was the controlling parent company of Jide Real Estate Company.
As the news spread, the share price of Jide Real Estate Company fell sharply.

The next day, the share price of Jide Real Estate Company stabilized at 1.68 yuan, with a market value of 6888 million yuan.

However, at this time, Kidd Properties Company owned Kidd Building in Sheung Wan and Kidd Lee Building in Central. Although Kidd Lee Building in Central still had 6% loans, the actual asset value was much higher than the market value.

If calculated based on the actual asset value, the share price of Jide Real Estate Company should be able to rise to 2.5 yuan, with a market value of 1 million yuan.

So, Luo Qihong called Bai Jinyan again and asked him to buy shares of Jide Real Estate Company, and reminded Bai Jinyan to be careful not to raise the stock price.

Dehe Real Estate Company Office

The transfer procedures have been completed, and Dehe Real Estate Company has become Lin Luoqi's private company, which also owns a number of renovated shops and offices.

Luo Qihong was packing his personal belongings in the office, preparing to vacate the office for Lin Luoqi.

"Did you do the things about Jide Real Estate Company?" Lin Luoqi sat on the sofa and crossed his legs.

Luo Qihong smiled and said, "Since you already think I did it, no matter how I defend myself, I can't get rid of the suspicion. Besides, I also made a lot of money from Jide Real Estate Company."

"I don't care whether you did it or not. My dad cares about face, but I don't. The family scandal will be exposed sooner or later." Lin Luoqi looked at Luo Qihong's busy figure, "In fact, we can still continue to cooperate. Our strength is still very weak."

Luo Qihong paused for a moment and said, "Actually, our cooperation can continue, but the premise is that you can make the final decision. I don't want to be controlled by others at every step and have accidents every time."

"It's not a big problem to help others once. But we will always have cooperation that affects the fundamentals. If something unexpected happens at that time, we will be in trouble."

"I understand what you mean. But I still need some time to deal with these things." Lin Luoqi said thoughtfully.

"How long will it take? It took me a year to own two listed companies, acquiring one every six months on average. If it takes too long, it will not be good for you or me," said Luo Qihong.

"Okay! Then I can only wait until I can really make the decision before I can cooperate with you on a big project." Lin Luoqi sighed. He understood the power of the relationship, but his mother was right, Luo Qihong could help him, at least let him gain the upper hand in the fight with the Lin Luoxun brothers.

"Rocky, we are friends. Let me say something unpleasant. In this great era, leaving the family and starting your own business is the wise choice." Luo Qihong thought about it and wanted to persuade him again.

Lin Luoqi fell silent. He knew that Luo Qihong's words made sense, but with the ready-made Haofeng Real Estate Company, he was reluctant to leave.

"Jide Real Estate Company has been greatly affected by this incident. We originally wanted to raise the stock price to 3 yuan, with a market value of 1.2 million yuan, but it is a bit difficult now. Do you have any way to raise the stock price?" Lin Luoqi asked, changing the subject.

Luo Qihong thought about it carefully and thought that he could be the fisherman again. He replied, "I have good news, but it costs a lot of money. You can go back and ask your father. I need 1 million. If you agree, we can talk about it."

Lin Luoqi's eyes widened. What news? It actually wanted 1 million.

"Can you reveal some information about the price first? I can also convince my dad." Lin Luoqi asked.

Luo Qihong shook his head. "I will only tell you when the money is in place. Don't worry, the news is definitely worth the price. If the plate is not too big for me to eat alone, I won't tell you."

(End of this chapter)