Hong Kong 1980: The Savage Era

Chapter 106 [Anleyuan Building]

"Huh? This is for me. No, no!! I can't take it. I haven't paid you back yet. This place is worth 2 million. How long will it take me to earn it back?" Luo Qixing waved his hands, shaking his head like a rattle.

Luo Qihong explained, "Actually, this house is bought by me for my father and mother. When I buy a villa in the future, they may not live with me. They may live with you, so I will just give it to you."

"My business will grow bigger and bigger, and it's inevitable that some people will have bad intentions. This is a wealthy area, and those gangsters don't dare to come here. It's good for everyone's safety. Otherwise, if someone extorts millions of dollars, wouldn't it be even more painful then?"

"I will buy you another car so you can pick up and drop off your parents. This mansion can be regarded as compensation for taking care of them."

When it comes to the issue of safety, Luo Qixing no longer refuses. He has seen how powerful the gangsters are, so naturally he doesn't want to see such a thing happen to his parents.

"Okay! When Shengyun Printing becomes bigger and makes millions, I will return the money to you." Luo Qixing still didn't want to owe his younger brother too much. Even though Luo Qihong was really rich, he didn't want to always take advantage of him.

Luo Qihong didn't force it, but complained in his heart: When you make millions, my net worth will be billions, will I still care about a mere 2 million?
Real estate agent Sun Zhigang had already consulted his superiors, and came back to Luo Qihong and said, "Mr. Luo, the company has agreed. Do you want to pay in full or do you need a loan?"

Luo Qihong smiled and said, "No need for a loan, I'll just pay it off in one lump sum."

Hearing this, Sun Zhigang became even more respectful. Someone who could buy a luxury house was not necessarily rich, but someone who could take out 2 million in cash at once was definitely not simple. "Okay! Luo Sheng, please come this way."

Luo Qihong said something to Luo Zegui and Lin Ya, and then went to sign the contract with Luo Qixing.

When he returned to his home in North Point in the evening, Luo Qixing talked about selling the house at the end of the year, but was strongly opposed by Lin Ya and Luo Zegui. Perhaps in the eyes of his parents, if Luo Qihong got married, Luo Qixing would not be suitable to live in the Mid-Levels.

If housing prices become more expensive by then, the Luo family would suffer a great loss.

Luo Qihong did not join in the argument, but changed the subject and brought up the question of when they would move.

Lin Ya said that it would be enough to move some luggage over there, and other things would need to be bought. Sometimes it was too late, and she could stay in North Point for a night.

Luo Qihong took the opportunity to propose a plan to buy a car. At first, the two elders were opposed, but Luo Qihong said that the car would be beneficial for Luo Qixing to find a wife and expand his business, so they reluctantly agreed.

So, that night, Lin Ya was busy all the time, constantly counting what could be moved to the luxury house in the Mid-Levels.

North Point Wo Hung Properties
When Guan Jiahui heard that Luo Qihong and his family were going to move to the Mid-Levels to live in a luxury house, she immediately acted coquettishly towards Luo Qihong, "I also want to live in a luxury house. I'll live in the Mid-Levels so that it will be convenient for you to come and see me."

Luo Qihong shook his head. "I don't have an extra 2 million. The mansion was bought with a loan, and you can't afford it. If you like to live in a mansion, the house in Taikoo City is not bad, and you have two units there."

"Who asked you to buy it? Can't you rent one for me?" Guan Jiahui asked back, blinking her big eyes.

Luo Qihong curled his lips. "You're asking someone to pay you for something, and you still have this attitude? You live in North Point, and I haven't been to your place many times. We always stay at hotels in Central or Tsim Sha Tsui when we meet."

Hearing Luo Qihong's retort, Guan Jiahui continued to act like a spoiled child. She couldn't relax her demands on Luo Qihong, the financial sponsor. Besides, renting a luxury house in the Mid-Levels cost a lot of money, and she still had to repay the loans for two houses in Taikoo Shing. In the end, Luo Qihong gave in, thinking that it wasn't much money, just a few thousand yuan in rent at most.

In order to facilitate Luo Qihong's date with Guan Jiahui, Luo Qihong rented a luxury apartment on the 13th floor of Block B of Jiahui Garden nearby for Guan Jiahui. (This Jiahui Garden was named by a wealthy man in memory of the star Ou Jiahui.)
Back to Siu On Real Estate Company
Luo Qihong received a call from Bai Jinyan, reporting to him the selling of Jide Real Estate Company's stocks.

It holds 779 million shares of Jide Real Estate Company, with an average selling price of 2.91 yuan, and recovered funds of 2221.55 million yuan. After deducting loans and interest, the remaining funds are 1234.58 million yuan, of which the profit is 856.23 million yuan.

Luo Qihong asked Bai Jinyan to provide 10 times leverage for Zhaoan Real Estate Company, with a principal of 1 million yuan, all of which was used to buy shares of Hong Kong Electric Company.

However, Bai Jinyan said that he could not provide such a large amount of funds and could only provide 5 times leverage, or 6 million yuan.

Luo Qihong had no choice but to agree, 6 million was much better than 1 million.

According to Luo Qihong's plan, this investment could generate at least a 5% profit, or 3 million. Together with the 2 million electric light stocks purchased previously, the overall profit could be 4 million. He then took the risk of taking out a loan to buy a small building in Central to increase the market value of Siu On Real Estate Company.

While Luo Qihong was thinking about the plan, Chen Zhilong, the director and manager of the first property management department, knocked on the door and said in a rather flattering manner, "Boss, I have good news."

Chen Zhilong was originally a "henchman" of the second largest shareholder Zhao Qicheng, but switched to Luo Qihong at the board meeting. This person is very aware of the times and has good abilities, but the only thing that makes people criticize him is that he is a "slave of two surnames", and the speed at which he switched was surprising.

Luo Qihong did not believe this man at first. Even though he made him the manager of the property department, he also distributed the power to another deputy manager. He also hinted in his words that the two deputy managers had the opportunity to replace Chen Zhilong and asked them to monitor Chen Zhilong.

After a period of observation, Chen Zhilong did not complain about these temptations and tests, but worked hard to do his job well, which made Luo Qihong slowly let down his guard.

"What good news?" Luo Qihong looked up and saw Chen Zhilong still standing. He smiled and said, "Sit down."

"The owner of On Lok Yuen Building at 25 Denor Road Central, Central, wants to sell the property. The building covers an area of ​​1.14 square feet, has 17 floors, a floor area of ​​13.7 square feet, and a rentable area of ​​11.7 square feet. Although it is a small commercial building, it has a good location, close to the entrance and exit of the Central MTR station, next to the Global Building, and you can also see the Landmark Atrium." Chen Zhilong was extremely excited.

Luo Qihong flipped through the information and saw that the building was indeed of very high quality. If they could acquire it, Zhaoan Real Estate Company would have gained a small backer. At the same time, it would enhance the company's image in the minds of shareholders, and future fundraising and share offerings would be smoother.

However, the price of this building is also quite "affordable". The owner wants 2 million yuan, which is more than 1700 yuan per square foot. It is higher than the market value of Siu On Real Estate Company, which is a bit like "a snake swallowing a whale".

Therefore, Luo Qihong took a deep look at Chen Zhilong, suspecting that he had evil intentions and wanted to put Zhaoan Real Estate Company into crisis. However, the value of Anleyuan Building was very real and the price was not inflated at all, so there seemed to be no problem.

"Director Chen, how do you think we should acquire Anleyuan Building?" Luo Qihong reminded, "The company still owes the bank tens of millions of loans."

Chen Zhilong knew that this was an opportunity, but also a risk. The key would depend on how he answered. He said cautiously, "I know the company has no money in its account, but An Le Yuan Building is better than any other property under the company. If we take over An Le Yuan Building, we can basically compete with some good similar companies. This will be our company's biggest capital."

“So, I suggest that we first negotiate with the owner of On Lok Yuen Building, and then we sell some of our properties and then take out a loan. In this way, Siu On Real Estate can have two high-quality commercial buildings.”

(End of this chapter)