Hong Kong 1980: The Savage Era

Chapter 109 [Problems with the capital chain] (Please collect)
Zhang Taotao had naturally heard of this rumor, but Hysan Development Company had never publicly acknowledged the authenticity of the news, so the truth of the matter remained to be proven.

"Mr. Luo, even if Hysan Development is really listed in September, it may not be able to get too many rights shares. The reason is that as the landlord of Causeway Bay, many companies are optimistic about Hysan Development and hope to get some rights shares. Hysan Development may be more inclined to exchange new shares with those qualified old companies." Zhang Taotao paid attention to Luo Qihong's expression from time to time.

"Then how much can you get for me?" Luo Qihong asked somewhat disappointedly.

Zhang Taotao pondered for a moment and replied, "10 shares are still possible, but if it's more, the hope is not great."

It’s too little. Even if you can make a profit of 10 yuan per share, the profit is only 1 million, but it is enough to buy half a luxury house in the mid-mountain area.

"It's whatever amount you give. Just try your best to take as much as you can." Luo Qihong knew that this matter could not be forced.

The Lee Hysan family is a powerful family in Causeway Bay. They have been entrenched in Causeway Bay for many years and own a large number of properties. They now hold a floor area of ​​more than 3 million square feet and earn over million yuan in rent annually. The listing of Hysan Development Company will certainly be welcomed by many companies, and it will be easy to generate private transactions to satisfy their respective interests.

Central Mandarin Oriental Hotel restaurant private room
The owner of Anleyuan Building is Wanfeng Investment Company. The person who showed up this time was its boss He Wanfeng, a middle-aged man with a well-proportioned figure and a square face.

"Mr. He, let me introduce you. This is my boss, Mr. Luo Qihong. Although Mr. Luo is young, he already owns two listed companies. The market value of the Paramount Restaurant Company has exceeded 4 million yuan. It will not be a problem for it to exceed 5 million yuan in a while."

"Boss, the person in front of you is Mr. He Wanfeng, the boss of Wanfeng Investment Company that I mentioned to you." Chen Zhilong flattered He Wanfeng.

"Mr. He, nice to meet you!" Luo Qihong reached out and shook hands with He Wanfeng.

The five people sat down in turn, Luo Qihong and Chen Zhilong sat on one side, and He Wanfeng and his subordinates sat on the other side.

The two parties were not familiar with each other, so they didn't exchange pleasantries for too long before getting down to business.

"Mr. He, I can accept a selling price of 2.1 million yuan, but the funds of Zhaoan Real Estate Company are still in investment projects and it will take some time to recover. I wonder if Wanfeng Investment Company can give us some convenience?" Luo Qihong said lightly.

He Wanfeng glanced at Luo Qihong. He had of course checked Luo Qihong's background information. He had built his business from scratch to such a high level in just one year, so his ability must not be bad. However, he still couldn't help but worry whether Luo Qihong really had the ability to pay 2.1 million yuan.

"Mr. Luo is the first person to offer such a high price. I can be flexible, but I hope the guarantors of this money will be the Paramount Restaurant Company and Mr. Luo himself, and the interest to be paid must not be less." He Wanfeng said solemnly.

Businessmen have always been very particular about profits, and Luo Qihong has become accustomed to this kind of business rules and situation.

But Luo Qihong still had a headache. The acquisition of the electric light company had not yet taken place, and it was unknown how long it would take to recover the invested funds and profits. Anleyuan Building was part of the plan and could not be abandoned.

This 'zero-dollar purchase' may seem good, but in fact it requires paying more interest, which is a loss for the buyer.

The daily interest generated by 2.1 million yuan is as high as 4.7 yuan. If it is paid off in one month, Zhaoan Real Estate will need to pay 140 million yuan in interest, which is much greater than the price increase of Anleyuan Building.

Even if Luo Qihong is unwilling, he still has to pay the interest. Zhaoan Real Estate Company simply cannot afford the full payment of 2.1 million yuan. The payment of interest is just a choice between the bank and Wanfeng Investment Company.

"Okay, let's calculate it according to the bank's loan interest. Paramount Company and I will be responsible for the guarantee." Luo Qihong nodded in agreement.

"How long will it take for Zhaoan Real Estate Company to recover its funds?" He Wanfeng asked expressionlessly.

"Within a month." Luo Qihong said, "If Mr. He is in a hurry, I can ask the bank to release the loan earlier and pay Mr. He part of it first."

On the one hand, it was the interest, and on the other hand, it was the investment project. He Wanfeng finally chose the latter. "Okay, we'll start the process today. Can Mr. Luo pay 1 million yuan within a week?" Luo Qihong didn't dare to guarantee it, and replied, "I'll try my best."

"Then we will have a happy cooperation!"

"Bang!"

The five wine glasses touched each other, and the wine inside swayed along the walls of the glasses.

Back to Zhaoan Real Estate Company.

Luo Qihong asked Chen Zhilong who was standing opposite him, "How is the search for a buyer for the company's property going?"

Chen Zhilong's face changed, and he said in embarrassment, "Maybe we are too anxious to sell the property, and many of our peers want to lower the price."

Luo Qihong pondered for a while and said, "Contact Kang Wenyi, the property manager of Paramount Company. I will let him buy the company's properties at a 1% premium."

"Yes! I will contact Manager Kang immediately." said Chen Zhilong.

In fact, it was a bit unreasonable to ask Paramount Company to take over this property worth more than 2 million yuan. Paramount Company no longer had any extra money in its account, and the funds were only enough to maintain daily turnover.

Therefore, Paramount Company could only acquire these properties through mortgage loans.

So, after Chen Zhilong left, Luo Qihong immediately called Kang Wenyi and asked Kang Wenyi to mortgage a large number of scattered properties of Paramount to the bank, including the first floor of the Nanyang Center shopping mall in Tsim Sha Tsui.

According to Luo Qihong's calculations, these properties can obtain a loan of 2 million yuan, which is enough to pay the more than 3 million yuan that Zhaoan Real Estate Company needs to sell the properties.

This method of robbing Peter to pay Paul is definitely not a good way of doing business, so Luo Qihong came up with the idea of ​​making a fortune for the Paramount Company.

However, all this can only be implemented after the acquisition of the Hong Kong Electric Company is completed, because the Paramount Company and the Zhaoan Real Estate Company still lack funds for investment.

If Luo Qihong pays off the 4 million that he personally owes to Paramount, Paramount will have the start-up capital, but the plan to buy a commercial building in Wan Chai will have to be delayed for some time.

Time passed like a flash, and in the blink of an eye it was already early August.

Luo Qihong was resting at the Wo Hung Real Estate Company in North Point. Ever since he increased Kwan Ka Hui's pocket money to HK$1 per month, Kwan Ka Hui started to become lazy. She would only occasionally introduce houses to clients and spent most of her time shopping, getting beauty treatments or chatting with her bestie.

"I want to work in your company and keep an eye on you at the same time." Guan Jiahui sat on Luo Qihong's lap, staring at Luo Qihong's face and asked.

Luo Qihong responded with a straight face, "The company is a place to work and make money, not a place for you to play. You can't keep an eye on me even if you go to the company. I have so many social events that I must go to nightclubs and other places. It's not appropriate for you to go there."

Guan Jiahui pursed her lips, got off her legs, and said, "I heard that your secretary in the company is a woman, and we have a special relationship."

Luo Qihong thought about it and said tentatively, "She's just a female secretary. If you mind, can we break up?!"

(End of this chapter)