Hong Kong 1980: The Savage Era

Chapter 129 [Operation of left and right pockets]

In fact, Li Jiafeng is an insignificant role in Luo Qihong's plan. After all, it is not difficult to collect information about old-style shopping malls, and it can be completely handed over to Su Qishan of Paramount Company.

Even if the Paramount Company was sold in the future, Su Qishan would follow him to work at Zhaoan Real Estate Company, which was one of the reasons why Luo Qihong made the promise in the first place.

"I heard from Ah Feng that you acquired the Jiadu Building on Tai Po Road in Tongwei, and I happened to acquire the Furong Building next to it. I wonder if Ah Hong is interested in building a Grade A commercial building with me in the urban area of ​​Kowloon?" Li Yulong smiled faintly.

This method of combining buildings to build a commercial building follows the rule of "1 plus 1 is greater than 2" and is beneficial to both parties.

However, Luo Qihong wanted to refuse and said, "Uncle Li, you should have heard something about Paramount Company."

Seeing Li Yulong nodded, Luo Qihong continued, "The Paramount Company is about to be sold, and I have also signed a bet agreement with others. Such a project is really not suitable for the current Paramount Company."

It would take several months, or even two years, to jointly build a commercial building. By that time, the Paramount Company would have been taken over by the Chinese Estates Company and would have nothing to do with it anymore. Why would you make things difficult for yourself and make wedding dresses for others?

Li Yulong stared blankly. He thought Luo Qihong would continue to say, "Why don't I sell Jiadu Building to you?" However, Luo Qihong stopped talking halfway through.

Li Yulong had no choice but to speak out himself, "What if I want to acquire Jiadu Building? Ah Hong, what price do you want?"

Luo Qihong smiled and said, "Jiadu Building was purchased by Paramount Company at a cost of 2 million yuan. Now it has started to be renovated and a contract has been signed with the construction company. I won't make money from you, Uncle Li. 7 million yuan is enough for me to recover the cost."

In fact, there was no contract signed for Jiadu Building, and no decoration had started. Luo Qihong just wanted a profit of 150 million yuan.

Since Luo Qihong said so, Li Yulong could only nod his head. He couldn't let Luo Qihong lose money.

"Okay, then let's take this price. We'll sign the contract in two days." Li Yulong said.

"I will help Uncle Li deal with the contracted construction company for Jiadu Building."

Luo Qihong didn't give Li Yulong time to react. He immediately turned around and teased Li Jiafeng with a smile, "Ah Feng, you are not honest. You have always told me that your family's financial resources are not good. I didn't expect Uncle Li to be so aggressive. He wants to buy two commercial buildings at once. This is a capital expenditure of 5 to 6 million."

Luo Qihong wanted to test whether Li Yulong was a sole proprietorship or a joint venture. If it was a sole proprietorship, he might have an extra ally in the future.

Li Yulong wanted to ask more, but when he thought about the upcoming cooperation, he let the mere 150 million yuan go.

Li Jiafeng wanted to refute immediately, but Li Yulong beat him to the punch and said with a smile, "Where do I get so much money? This is a partnership with my friends, and I only hold 20% of the equity."

"If A Feng hadn't said he knew you, I wouldn't have asked you out to talk about this."

"20% is not a small amount. Including the cost of demolition and reconstruction, it will cost at least 2 million." Luo Qihong replied with a compliment.

"Ah Hong, I heard some rumors that you should be buying a large number of shopping malls in the urban area of ​​Kowloon. After renovating them, you will sell them at a high price. It is indeed a good business. Do you want to join hands with me to expand the scale of such projects?" Li Yulong said with a smile.

Luo Qihong subconsciously looked at Li Jiafeng, but Li Jiafeng shook his head, indicating that he was not the one who leaked the information.

Li Yulong saw this and explained slowly, "It wasn't Ah Feng who told me. I analyzed the information about the purchase and sale of some projects of Paramount Company. Although your scale is small, it cannot withstand the investigation of those with ulterior motives."

"Haha!! Now that Uncle Li knows about it, we can certainly expand the scale, but my construction company must participate." Luo Qihong said.

"That's natural. Good things should be kept within the family. Ah Hong, we will pay as much as your construction company can take. We can look for other construction companies for the rest." Li Yulong said with a smile.

"Well! Let Afeng do the information gathering." Luo Qihong suggested.

"As a father, I'm very happy that Ah Hong thinks highly of him." Li Yulong glanced at Li Jiafeng and said.

Li Yulong was right. No matter how small these projects were, they could not withstand investigation. Luo Qihong had already anticipated that someone would be involved, but he did not expect it to be Li Yulong.

After returning to Paramount Company, Luo Qihong immediately summoned Su Qishan.

"Recently, your attention should be focused on collecting information about old commercial buildings in Kowloon City, especially those small commercial buildings located in prosperous areas." Luo Qihong ordered.

"Yes!" Su Qishan was a little confused. Why would Luo Qihong suddenly issue such an urgent task?

"By the way, please help me investigate the Li Yulong family of Yulong Real Estate Co., Ltd." Luo Qihong thought about it and decided to get a comprehensive understanding of Li Yulong.

The profit from cooperating with Li Yulong would not be less than that from sole proprietorship, but this would attract the attention of other peers more quickly and speed up the leakage, which means that the future profits of Paramount Company and Luo Qihong were divided among Li Yulong.

Su Qishan wrote down the name of Yulong Real Estate Company in his notebook and changed the subject, saying, "Recently, a securities broker asked me to meet you through his connections. He said he wanted to discuss a big project with you."

Stockbroker?!

Luo Qihong couldn't help but become suspicious, and suddenly the "Landlord Association" mentioned by Bai Jinyan popped up in his mind. Could it be that group of people wanted to come back and get a piece of the pie?

"First, ask clearly what the project is, and also ask if the securities broker represents the Landlord Association." Luo Qihong didn't want to waste time on small fry. If it was a Landlord Association, he could meet with them to see how sincere they were.

Landlord Association?!

Su Qishan nodded in confusion. He naturally had never heard of the name of such an organization.

Liang Botao was very efficient and completed the issuance of new shares for Hongpu Chemical Company in just a few days.

Paramount Company purchased 8 million new shares issued by Hongpu Chemical Company for RMB 8 million, increasing its stake to 71%. At the same time, Hongpu Chemical Company announced that it would acquire properties of equal value under Paramount Company for RMB 1 million.

In fact, Luo Qihong could use the properties of Paramount Company in exchange for new shares issued by Hongpu Chemical Company. This is actually the case, but it was split into two pieces of favorable news to facilitate raising the share price of Hongpu Chemical Company.

For a property worth 1 million yuan, Hongpu Chemical Company only paid 5 million yuan in cash, and had to owe the remaining 5 million yuan. In addition, the 2 million new shares issued to HSBC Bank only offset 2 million yuan of debt, and no cash was paid as announced.

However, Paramount Company actually resold properties worth 1 million yuan and funds worth 3 million yuan to Hongpu Chemical Company.

The two pieces of good news finally caused the share price of Hongpu Chemical to rise. After a morning of rise, it successfully rose to 2 cents, and its market value doubled.

Hongpu Chemical then used the 3 million yuan in cash to liquidate its properties, but of course encountered considerable problems in the process.

Real estate colleagues knew something about Hongpu Chemical Company and were aware that the company was eager to clear its debts, so they lowered the prices of the properties sold by Hongpu Chemical Company, and some even offered 6% of the market price to purchase the properties.

Luo Qihong had anticipated this. After several days of trouble, he took decisive action and announced to the public that Zhaoan Real Estate Company and Hehong Real Estate Company would acquire a property worth 2 million yuan from Hongpu Chemical Company.

Colleagues were very familiar with Zhaoan Real Estate Company and knew that it was a company owned by Luo Qihong, but they didn't know much about Hehong Real Estate Company, so they sent people to investigate.

It turned out that Hehong Real Estate Company was still Luo Qihong's company, and it was a private company.

This cash income of 2 million yuan was actually a blank check. Luo Qihong and Zhaoan Real Estate Company simply did not have so much money. However, the patent aspect brought good news. 8% of the patents were successfully sold, and 960 million yuan was recovered.

Hongpu Chemical Company issued an announcement stating that the company's debt ratio has dropped to 40%, with a debt of 3 million yuan.

As soon as this good news came out, the stock price of Hongpu Chemical Company began to rise sharply, from 0.24 yuan to 0.4 yuan, with a market value of 8 million yuan.

Hongpu Chemical Company borrowed 1 million yuan from Standard Chartered Bank and had not repaid a single cent, so Liu Jiehui, the vice president in charge of the loan, became a little anxious and sent someone to the company to inquire about the matter.

Luo Qihong received the debt collection supervisor of Standard Chartered Bank in a friendly manner. "Mr. Sun, it's not that Hongpu Chemical Company forgot to repay the loan, but that it can't repay the loan temporarily."

Debt collection supervisor Sun Jun was slightly surprised. "Why? Didn't your company recover a lot of funds from the property?"

"A lot of funds were recovered. This is a fact. I don't deny it." Luo Qihong said with a smile, "But when I visited HSBC and Bank of East Asia, I reached an agreement with them to repay their loans first. As for the loan repayment from Standard Chartered Bank, it can only be put last."

"." Sun Jun was stunned. After thinking for a while, he asked, "When can you repay the debt owed to Standard Chartered Bank?"

"I don't know! Maybe it will take until the deadline stipulated in the contract. If I remember correctly, the loan with your bank is for a period of three years, which means it needs to be repaid before 3." Luo Qihong said.

"Mr. Luo, if you do this, it will not benefit either party. Our bank will blacklist you and your company and notify all banks operating in Hong Kong. Your company and you will probably have great difficulty in obtaining loans in the future," Sun Jun threatened.

"If your bank notifies other banks, I will sue you in court for damaging my reputation and the rights of Hongpu Chemical Company, and demand a huge amount of compensation from you, Standard Chartered Bank." Luo Qihong said with a sneer.

"I want to tell you that Standard Chartered Bank is not HSBC. It cannot cover the sky with one hand in Hong Kong. Besides, I have a good relationship with HSBC. I can ask HSBC to help me prove that there is no problem with my personal and company's credibility." Luo Qihong continued.

Suddenly, Sun Jun was so ashamed and angry that he could only leave in anger.

Sun Jun was just a small supervisor. Even if Vice President Liu Jiehui came to his house, Luo Qihong was not afraid. He also did not believe that a vice president could withstand the pressure after the incident escalated.

Luo Qihong is the boss, and Liu Jiehui is, after all, just a senior employee. Even if Standard Chartered Bank is determined to save face and confront Luo Qihong, the worst that can happen is that he will apologize and admit his mistake. After all, it is not shameful to lose to Standard Chartered Bank.

Office of the Vice President, Standard Chartered Bank

After listening to Sun Jun's description, Liu Jiehui's face turned as dark as the bottom of a pot. He didn't expect Luo Qihong to be so tough.

Seeing this, Sun Jun wanted to run away from the office, but unfortunately he still had something to say, "Luo Qihong also said that Vice President, you had better not have anything shady on your hands, otherwise he will definitely find out and put it in the newspaper, so that all the citizens of Hong Kong can see the shady operations of our bank."

Liu Jiehui was so angry that his mouth twitched. After calming down, he said to Sun Jun, "Don't tell anyone about what happened today. If someone knows about this, you know the consequences."

"Yes, Vice President, don't worry. I have forgotten about what happened today. I have not met Luo Qihong." Sun Jun quickly expressed his opinion.

(End of this chapter)