Hong Kong 1980: The Savage Era

Chapter 108 [Bigger Project]

"It's very simple." Li Jiafeng quickly explained, "I want to hang out with you, is that okay?"

Luo Qihong's expression began to become serious. Follow me? Why should I take you with me? Just because of an ad space? You must be joking.

"Mr. Li, we are talking about business. I cannot agree to your request." Luo Qihong continued, "You also know that my company's business is worth millions. Mr. Li may not even have this much money."

"I don't want to participate in your business. No, it's participation, not investment. I can do anything. I just want to learn how to do business from you." Li Jiafeng came to his senses and said, "You can use the advertising space. I don't want any salary."

"."Luo Qihong felt that he had gained a fanatical fan who not only did not ask for money but also offered advertising space and money in order to follow him.

Luo Qihong still wanted to refuse because it would be very hard to take care of a "newbie", but when he thought about the profit he could make from this business, he could still agree to it and find a reason to get rid of it later.

"Of course you can, but I need you to do me one more favor."

"What help?" Li Jiafeng asked excitedly.

"The basement downstairs of the restaurant is for sale. Please help me lower the price of the basement to 6%. This is also the first task assigned to you." Luo Qihong said with a smile.

Although Li Jiafeng was fanatical, he was not stupid. He knew the difficulty, but in order to learn something, he nodded and said, "Okay, leave it to me."

"Give me news within three days." Luo Qihong handed over a business card. "Call me if you have any news. I'm leaving first."

Luo Qihong had of course thought of the consequences of Li Jiafeng failing or trying to show off, so he only gave him three days.

Li Jiafeng looked at the business card and suddenly smiled. Although he was about the same age as Luo Qihong, he felt that Luo Qihong was very capable, even more capable than some old hands who had been in the business world for many years.

The important thing is that his family has been urging him to find a job and not to just sit around and wait for death.

In the next two days, Luo Qihong spent a lot of energy looking for a buyer for the Jialanwei Lisi Building Shopping Mall.

The emperor pays off!
On the third day, Luo Qihong actually found a middle-aged businessman who was willing to pay a high price to buy the shopping mall. He sold it for 5 million yuan, making a profit of about 150 million yuan, with a return rate of more than 40%.

This made Luo Qihong feel that there was a prospect of continuing to do this. At the same time, good news came from Li Jiafeng, saying that he had persuaded the owner of the basement and the owner was willing to sell the basement at 6% of the market price.

Luo Qihong rushed over and went to the law firm to sign the contract without talking to the owner for a few words. He bought the 253 square feet basement for 2 million yuan.

Although the sale was paid in full, Luo Qihong readily wrote a check to the owner, and the remaining 2 million was more than enough to deal with various emergencies.

Then Luo Qihong called Yang Mingkun and asked him to bring the engineering team to the site.

As for the advertising space of Li Jiafeng's restaurant, Luo Qihong generously agreed to pay a monthly rent of 1 yuan. Of course, words were not enough to prove his promise, so he asked a law firm to draft a contract and set a sky-high penalty for breach of contract.

"Jiafeng, this is the first lesson I teach you. You must read the contract carefully. You must set a sky-high penalty for projects where you are trying to take advantage but are afraid that the other party will go back on their word." Luo Qihong smiled.

"Yes! I remember it." Li Jiafeng thought for a moment and asked, "Are you buying this basement to transform it into a store or shopping mall?"

Luo Qihong asked with a smile, "How did you figure that out?"

"I guessed a little that you wanted to get the advertising space." Li Jiafeng said with some pride.

"Is such a project very profitable?" Li Jiafeng suddenly asked.

Luo Qihong smiled and said, "It's just average, maybe 2% to 3%." 2% to 3% profit is just a few hundred thousand, and Li Jiafeng thinks this is a good rate of return.

However, Li Jiafeng was very smart and did not mention the idea of ​​cooperating to make money together. He believed that there would be plenty of money-making projects and opportunities in the future, so he was not in a hurry at this moment. If Luo Qihong had a bad impression of him, wouldn't it be like 'losing the watermelon and building the sesame seeds'?

"Boss, is there anything else you want to entrust to me?" Li Jiafeng asked with a silly smile.

Luo Qihong said, "You want to find a job? Of course there is one. Can you help me find out if there are any old-style shopping malls or old-style large-scale shops in good locations for sale? How much are they for?"

"Okay! I promise to get it done for you." Li Jiafeng said.

"Please keep it confidential! Don't let anyone else know about this business, and it's best not to even tell your family." Luo Qihong said with a serious expression.

"I know!" Li Jiafeng knew that he could make a lot of money from this business. If he could continue doing it for a long time, the profits would be astonishing.

Luo Qihong suddenly came up with a bolder idea. Perhaps he could join forces with Paramount Company and Zhaoan Real Estate to do it, and the profit should be even greater.

HSBC Trading Room

Luo Qihong and Zhang Taotao sat face to face. In front of Luo Qihong was a cup of iced coffee with a layer of milk floating on the surface.

"Mr. Zhang, I would like to use 5 million as the principal and a leverage of times to continue buying shares of Hong Kong Electric Company. Can your bank provide it for me?" Luo Qihong asked.

Not long ago, he used 6 million yuan of capital to leverage ten times and bought 6 million yuan of shares of Hong Kong Electric Company. If this time is included, the leverage amount exceeds 1.1 million yuan.

Therefore, Zhang Taotao felt a little embarrassed. It was not that Luo Qihong did not have the qualifications, but he was worried that Luo Qihong would encounter a "Waterloo" and it would affect his business.

You have to know that Zhang Taotao only has Luo Qihong as a big client. The reason why he can stand out among the newcomers so quickly is largely due to the huge business volume brought by Luo Qihong.

If he loses it now, his position will definitely be lost.

"Mr. Luo, did you hear some news that made you make such a huge investment in the electric light company? Or do you want to acquire the electric light company?" Zhang Taotao has a good imagination.

"I have heard some news, but I cannot disclose it to Mr. Zhang." Luo Qihong said with a smile, "It is impossible to acquire the Xiangjiang Electric Light Company. How can I afford to acquire a company with a market value of billions? It is just a recent investment."

Zhang Taotao nodded. "According to your capital turnover in HSBC, there is no problem with a leverage of 1.1 million yuan, but it cannot be more. 1.1 million yuan may be the peak."

Luo Qihong understood Zhang Taotao's subconscious intention: Zhang Taotao was afraid and worried that something might happen to him. "I understand. Use the 5 million yuan of leveraged funds to buy the shares of the electric light company. Don't alarm anyone."

"Luo Sheng, this request may not be possible." Zhang Taotao explained, "There are already two other forces in the market that are secretly absorbing the shares of the electric light company. With us, there are three forces."

"There are not many shares of the electric light company on the market now, which will easily lead to bidding and reactions from shareholders. I think when the acquisition is halfway done, the stock price will start to rise sharply."

Luo Qihong was silent for a moment, and then said, "When you encounter a large number of stocks, you can expose our intentions in advance. Everything is based on acquiring enough stocks. Don't pay too much attention to the rise and fall of the stock price."

"Okay, I know what to do." Zhang Taotao responded.

"I heard that Hysan Development Company, owned by the Li Hysan family in Causeway Bay, is preparing to go public in September. Can Mr. Zhang help me get some bonus shares?" Luo Qihong asked, changing the subject.

(End of this chapter)