Hong Kong 1980: The Savage Era

Chapter 131 [It Can’t Be Cheap]

Thursday, May 9

After more than a week of increases, Hysan Development's share price reached 5.4 yuan.

Yesterday, Wednesday, there was already some lack of follow-up, with a mere increase of 3 cents, and the upward trend seemed to have stopped there.

Luo Qihong also felt that it was almost time to sell, so he called Zhang Taotao and Bai Jinyan and asked them to start selling Hysan Development Company's shares.

The remaining 230 million shares of Siu On Real Estate Company in the last acquisition of Hong Kong Electric Company were sold at an average price of 6.4 yuan, and the funds raised were 1442.56 million yuan, of which 77 new shares of Hysan Development Company were purchased, consuming 154 million yuan.

Luo Qihong considered it carefully and decided to divide the property of Hongpu Chemical Company worth 2 million yuan into two parts, half to Zhaoan Real Estate Company and half to the private company, and started to pay the cash.

除了渣打银行的1千6百万元贷款，其余的2千1百万元（包括百乐门1千万元物业欠付的5百万元）要全部偿还，也是策应地主会的行动。

Luo Qihong then ordered his staff to announce the financial situation of Hongpu Chemical Company to the public. The stock price climbed to 0.54 yuan that day, with a market value of more than 1 million yuan.

Luo Qihong also called Xie Jiyuan of the Landlord Association and asked him to take action.

Paramount Corporate Office
An uninvited guest arrived here - Lin Luoqi!
Luo Qihong had already learned from the newspaper that Lin Zuhui had stripped Lin Luoqi of his position as general manager of Yiren Real Estate Company, leaving Lin Luoqi only as a director.

Today's Yiren Real Estate Company is in the "big cleansing" stage, and the cleaners are naturally the brothers Lin Luoxun and Lin Luoshi.

As for what specifically happened, Luo Qihong was not clear, but looking at such a big move, it seemed that Lin Luoqi did something extraordinary.

"As you said last time, I was kicked out of Yiren Real Estate Company by my family." Lin Luoqi said angrily while sitting on the sofa.

Luo Qihong thought for a moment and said, "Don't you still have Dehe Real Estate Company? The asset value is already 3 million yuan, so you can definitely start your own business. If the funds are not enough, don't you still hold shares in Yiren Real Estate Company?"

At this moment, he had the attitude of "watching the show without minding the excitement". In the beginning, Lin Luoqi had worked hard to develop Yiren Real Estate Company and tried his best to get things out of it. Now, he was making wedding dresses for others. He should be angry.

"Ah Hong, I won't give up! Do you have any way to help me take back Yiren Real Estate?" Lin Luoqi said excitedly, "Or we can work together to control Yiren Real Estate Company."

Luo Qihong smiled and said, "Aren't you worried about falling out with your father? This is a family scandal."

“Humph!” Lin Luoqi snorted and sneered, “He pulled me down from the position of general manager in an instant. Isn’t that also a family scandal? He doesn’t care about it anymore, so why should I care about it?”

Luo Qihong stopped smiling and said seriously, "Haofeng Real Estate Company holds more than 3% of Yiren Real Estate's shares. If they only need to absorb 1% of the shares, we will have to cash out and leave. This is really too dangerous."

"I think you'd better acquire another small listed company. What do you think, Aunt Xu?"

Lin Luoqi replied, "My mom told me to be patient and think long and hard. Now everyone in my family is watching me, so it will be hard to succeed if I take any other action."

Luo Qihong nodded and said, "Aunt Xu's words make sense. It's unlikely that we can take back Yiren Real Estate Company. Let's think about other options."

Luo Qihong certainly wanted to do something for Lin Zuhui. He was still not satisfied with what happened last time, but reason told him that it was not a good time to take any action now, otherwise he would not only not gain any benefits, but also get into trouble.

Lin Luoqi hesitated for a while and said honestly, "I have handed over Dehe Real Estate Company to the Li family. It is not a good idea to rashly take back the management rights now."

Luo Qihong smiled. This was just too much trouble for the sake of face. Lin Luoqi was also a "talent". Dehe Real Estate Company was doing so well, but he handed it over to someone else, and the person was from the Li family who had just entered the real estate industry.

Isn't Lin Luoqi afraid that Li Yude will mess up Dehe Real Estate Company? When it comes to running a company, Lin Luoqi's ability is not bad, but when it comes to long-term vision, this guy is very weak and easily influenced.

At the beginning, Luo Qihong just encouraged him a little bit and Dehe Real Estate Company was really given to Li Yude, but he didn't expect Luo Qihong's purpose.

Luo Qihong said, "What's wrong with that? If you were still running Yiren Real Estate Company, it would be unreasonable for you to return to Dehe Real Estate Company. Now you've been kicked out, haven't you? Uncle Li will understand."

Lin Luoqi still shook his head and said, "Let's talk about it later. I want to rest for a while now."

Suddenly Lin Luoqi said, "I heard that the Hongpu Chemical Company you acquired is going to be sold?"

Hearing this, Luo Qihong immediately guessed the purpose of Lin Luoqi's visit. It was true that no one would come here for no reason.

"What? Are you interested?" Luo Qihong asked with a smile.

This is business, and there is no room for affection between father and son. Luo Qihong will of course handle the matter impartially.

"One thing is that it depends on whether you can afford it." Lin Luoqi looked at Luo Qihong.

"This transaction must be based on the market price. Paramount holds 71% of the shares, with a market value of about 7 million." Luo Qihong suggested, "This transaction may cost hundreds of millions of yuan. If you can't afford it, you can ask the Li family to buy some shares, and then Paramount can sell some of them while the stock price is high."

Lin Luoqi asked, "I need to see some information about Hongpu Chemical Company before making a final decision."

Luo Qihong nodded and said, "Okay, I'll ask my secretary to prepare it and send it to you."

"In fact, Hongpu Chemical Company has already transformed and owns a lot of properties, which is much better than the original Yiren Real Estate Company."

"Yeah, I know this." Lin Luoqi was still feeling a little depressed.

After Lin Luoqi left, Luo Qihong began to think about how to quickly drive up the share price of Hongpu Chemical, so as to make 1 million yuan. As for whether Lin Luoqi could really win, he didn't care at all, because without Lin Luoqi, there would be Zhang Luoqi and Li Luoqi.
Since Luo Qihong took over Hongpu Chemical Company, he has been committed to selling all industrial facilities and paying off the outstanding raw material bills to suppliers. Today, Hongpu Chemical Company has no assets in the industrial field, and the only thing left is the factory land mortgaged to Standard Chartered Bank.

Luo Qihong estimated that the 6.3 square feet of land was worth around 5 million yuan, but the land was seriously polluted. In addition, the original owner had tried to sell the land for money, but was warned by the Environmental Protection Department that the original owner must clean up the pollution first, otherwise they would sue him in court.

The management of this piece of land is very troublesome. Not to mention the time, the investment will probably not be less than 8 million. In addition, because of Liu Jiehui from Standard Chartered Bank, Luo Qihong pretended not to see this piece of land.

Box 303, Mandarin Oriental Hotel, Central

It was obvious what Li Yude and his daughter were planning when they hosted Luo Qihong for a banquet here.

Li Bingjun poured Luo Qihong a glass of red wine, and Luo Qihong smiled and said, "Thank you!"

"I heard from Rocky that you are planning to sell the newly acquired Hongpu Chemical Company. Isn't it doing well?" Li Yude said with a slight smile on his face.

You're asking even though you know the answer! Why? Don't you know the answer clearly?

Luo Qihong took a sip of wine and said, "Hongpu Chemical Company was planned to be sold from the beginning. We never thought of continuing to operate it. The parent company, Paramount Restaurant, also needs to recover a large amount of funds for subsidies."

(End of this chapter)