Hong Kong 1980: The Savage Era

Chapter 115 [Temporary financial freedom]

Zheng Fan stole a glance at Luo Qihong. He was eager to sell the Southeast Tanglou. If he missed Luo Qihong, he didn't know when there would be a buyer. So he sighed secretly and said, "Okay, then 1 million."

"Let's sign the contract first. I will pay the full amount in one lump sum, but it will take a few days. Is Mr. Zheng okay with that?" Luo Qihong's stock market investment funds have not yet been recovered, so it will take some time to sell them off.

Zheng Fan knew some of Luo Qihong's background, and he thought he would not default on the mere 1 million yuan. He nodded and said, "Okay! Let's sign the contract first."

The first floor of this southeastern tenement building is a parking lot with approximately 1 parking spaces. The second and third floors are shopping malls and shops with an area of ​​34 square feet, and the remaining floors are offices.

According to Luo Qihong's expectation, after the decoration of this commercial building is completed, it can be sold at a good price, with a profit of about 5 million yuan.

If you merge the buildings, you can earn more.

After signing the contract, when they were about to break up and leave, Zheng Fan looked very hesitant and suddenly said, "Mr. Luo, I have a Lee Fat Building at 36 Bute Street, Mong Kok. It is also 15 stories high, but the area is larger, with a floor area of ​​9.1 square feet. Is Mr. Luo interested?"

Luo Qihong thought about it and felt that Zheng Fan's speaking at this moment might be a bit of a "fishing in troubled waters" move. First, there was no detailed information, and second, Yang Mingkun, the professional property inspector, had already left.

"Okay, let's go and take a look." Luo Qihong glanced at Li Jiafeng beside him and said with a smile.

So the three of them came to Bute Street in Mong Kok again.

The flow of people in Mong Kok is better than that in Tsim Sha Tsui, but the target audience is different and is more inclined towards the general public.

The exterior of Lifa Building looks much better than that of Southeast Tang Building. It has 2 floors of parking lots, 3 floors of shopping malls, and 10 floors of offices inside, and the vacancy rate is lower.

"Mr. Zheng, the situation of Lifa Building is much better than that of Southeast Tanglou. You can completely make a living by relying on the rent. Why are you in such a hurry to sell it?" Luo Qihong asked in confusion.

In Luo Qihong's opinion, the profit of the Lifa Building is not as good as that of the Southeast Tang Building because it is not old enough, the price is difficult to lower, and the profit margin is not large.

Zheng Fan hesitated for a moment, and felt that it was impossible to hide it, so he confessed, "It's mainly because my capital chain has problems, and I urgently need funds to make up for the losses. If Luo Sheng is interested, I can sell it to you at a lower price of 2 million."

Luo Qihong was a little surprised by Zheng Fan’s confession. Wasn’t Zheng Fan afraid that he would take the opportunity to lower the price?
Luo Qihong changed his mind and seemed not to be afraid, because Lifa Building was a good commercial building with great potential for appreciation. There was no problem selling it, and Zheng Fan had already lowered the price a bit, which made it quite attractive.

"Mr. Zheng is straightforward, but I need to find out more. I will give you news within three days." Luo Qihong was still cautious. Who knew if there was really no problem with the Lifa Building?

Of course, Zheng Fan can find another buyer, and Luo Qihong doesn't have to be there.

Zheng Fan nodded awkwardly, "Okay, I'll wait for Luo Sheng for three days."

Watching Zheng Fan leave, Li Jiafeng asked, "Why is Zheng Fan so straightforward? Is there something fishy going on at Lifa Building?"

Luo Qihong smiled and said, "You'll know if you check it out. In fact, I don't really want the Lifa Building. An old-style commercial building like the Southeast Tang Building is more in line with my requirements."

Li Jiafeng smiled and said, "Boss, do you think that Lifa Building can't make much money?"

"Well, there are not many commercial buildings in Kowloon city that maintain their value. Now is the peak period of real estate. It is obvious that holding Lifa Building will be a loss." Luo Qihong was already preparing for the big crash in 82.

"Preserve value?! Aren't current properties still on the rise? As long as you hold on to them for a while, you should be able to make money." Li Jiafeng asked in confusion.

"You can guarantee that it will continue to rise. Don't forget that the price of industrial land has already dropped a little. Who could have guessed it at the beginning? With such a precedent, of course I have to make some preparations." Luo Qihong fooled Li Jiafeng casually. Anyway, this guy couldn't see through it.

Li Jiafeng thought about it and felt that it made sense, so he nodded and said, "Yes, it's better to be prepared." "I'll give you a task, check the detailed information of Lifa Building." Luo Qihong still believed in Li Jiafeng, but he would also find out more about Lifa Building through multiple channels. After all, it was a deal worth 2 million.

Three days later, Li Jiafeng handed the information report about Lifa Building to Luo Qihong, and at the same time, the investigation report of Paramount Company was also delivered to Luo Qihong's desk.

The information recorded in the two reports is similar. No bad news has been found about Lifa Building for the time being, and Zheng Fan has indeed lost a lot of money in real estate, stock investment, gold speculation, etc.

In fact, Zheng Fan had already released the news of the sale of Lifa Building earlier. As usual, his peers wanted to take advantage of the situation and tried their best to lower the price. The highest bid was 9% of the market price.

You have to know that the current market situation for shopping malls is very good, and not having a premium is already cheap, let alone "lowering the price".

So, Luo Qihong called Zheng Fan and informed him that he was willing to take over the Lifa Building for 2 million.

Luo Qihong’s idea: mosquitoes and flies are all meat, which is a good thing for Paramount Company.

As soon as I hung up the phone, the ringing sounded again.

"Well, take it in!" Luo Qihong said with a smile, "Sister Jinyan, what's the matter? Have you finished selling the stocks?"

"The Hong Kong Land Company has officially announced that it has acquired 12% of the shares from the Connor family, successfully increasing its stake to 44.3%, becoming the largest shareholder of the Hong Kong Electric Company."

"The stock price has started to fall. Zhaoan Real Estate Company has sold 1740 million of the 1510 million shares of Electric Light stock it held, leaving 230 million shares. There are many scattered shares in the stock market now, so it may be difficult to sell them at a high price." Bai Jinyan's anxious voice came from the receiver.

Luo Qihong's face didn't look very bad. Zhaoan Real Estate Company made money in the acquisition of the electric light company, and the remaining 230 million shares were unlikely to lose money. At worst, they could make a profit.

"Sell it slowly and try not to lose money." Luo Qihong sighed.

"The average selling price of 1510 million shares was 7.7 yuan. After deducting leverage and other fees, the funds recovered were 6494.46 million yuan, with a return rate of more than 100%."

"Transfer all the recovered funds to the bank account of Zhaoan Real Estate Company." Luo Qihong wanted to use the money to pay part of the payment for Anleyuan Building. "After the remaining shares are sold, help me buy new shares of Hysan Development Company."

"Okay! I will try my best to help you get more new shares of Hysan Development Company." Bai Jinyan said.

Luo Qihong sat in a chair, quietly thinking about his private funds and the financial situation of the two listed companies.

私人投资从香江电灯公司收购案上回笼资金1亿6千7百50万元，其中本金1千1百万元，回报率超过1400%。

This number made Luo Qihong very excited.

罗齐鸿立刻让张涛涛将其中1亿5千万转到私人银行账户，剩余的1千7百50万留着认购和收购希慎兴业公司的新股。

He then called Liang Botao and asked him to repay the 4 million yuan he owed to Paramount Company, leaving only 3 million yuan in his personal account.

The 4 million yuan had not yet stayed in the Paramount Company's account, so Luo Qihong paid it to Zheng Fan, and the Paramount Company's assets increased by two more commercial buildings in the urban area of ​​Kowloon.

This news naturally needs to be publicized in order to increase the share price of Paramount.

As for the acquisition of Wan Chai Commercial Building by Paramount Group, it needs to be postponed until the two commercial buildings are sold.

(End of this chapter)