Hong Kong 1980: The Savage Era

Chapter 143 Chapter 143 [Scheming]

It is impossible to exchange the Garden Terrace residential building, which is worth 1 million yuan (9 million yuan at a 2% premium), for all the new shares issued by Siu An Real Estate Company. A portion of the payment must be made in cash, but Siu An Real Estate Company has no extra cash and can only delay the payment to the new company.

Such an operation will increase the debt of Zhaoan Real Estate Company, and it will be a huge debt.

Soon, Secretary Cheng Jianshen came in with a document report in his hand (Cheng Jianshen jumped from Paramount Company), "Boss, there is news that the Electric Light Company, Hong Kong Land Company, Cheung Kong Holdings Company, and Wheelock Company are planning to jointly establish a group company called International City, and it will be listed on the Far East Exchange on December 12st, with a share capital value of 1 billion yuan, and will publicly offer 30 million new shares."

Luo Qihong took the report, flipped through it a few times, and said, "Cheung Kong Holdings holds 25%, Electric Light Company holds 24%, Hong Kong Land holds 20%, and Wheelock holds 6%, which is exactly 75%. It seems that they don't intend to let others get any profit."

"It's really a big deal. The old site of the North Point Electric Road Power Plant, the Jardine's Lookout Lot 8200 and five plots of land in Tsuen Wan owned by the Electric Light Company are worth HK$5 billion in total. It seems that the International City Company will definitely rise sharply once it goes public."

Luo Qihong did not have much impression of the site at 8200 Jardine's Lookout and the five sites in Tsuen Wan, but the former site of the North Point Power Station of the Electric Light Company was a famous project, which developed into a city garden in its former life, with 5 residential buildings and a high-end office building, with a total building area of ​​13 million square feet.

"Do you have a way to get the new shares that are on public sale?" Luo Qihong asked Cheng Jianshen.

Cheng Jianshen replied respectfully, "There are some channels that can be used. I can probably get 1 million shares."

"1.7 yuan per share, 1 million is only 170 million yuan, no big deal!" Luo Qihong said calmly, "Then go ahead and do it. If you get 1 million shares, I'll give you credit."

"Thank you, boss! I will definitely get more new shares of International City Corporation for the company." Cheng Jianshen said excitedly. He was certainly not satisfied with being a secretary. Now was the high-speed development period for the boss, so he naturally had to accumulate more credits.

Upon hearing the good news, Luo Qihong immediately called Zhang Taotao, "Hello! Mr. Zhang? I'm Luo Qihong. Can you get me some new shares of International City Company?"

"What? You can only get 3 million shares?!" Luo Qihong thought that he could get 4.5 million shares out of 5 million shares, but 3 million shares is better than nothing. "Okay, then 3 million shares."

Then he called Bai Jinyan and asked him to acquire some new shares of International City Company for De'an Securities Investment Company. This was the company's first battle and they had to make a big profit.

Although Bai Jinyan agreed readily, Luo Qihong knew that De'an Securities Investment would not be able to get too many new shares, and he did not need De'an Securities Investment Company to make a lot of money from this project. It was mainly for the purpose of building its reputation and delivering huge benefits to individuals.

The main money-making projects still depend on Zhaoan Real Estate Company. Even if it issues new shares worth 1 million yuan to De'an Securities Investment Company, it can take the opportunity to double the profit.

next day
Hongpu Real Estate Company began to sell a large number of Best Real Estate Company shares, and the stock price began to fluctuate, first stopping to rise and then falling slightly.

The stock selling by Hongpu Real Estate Company triggered the selling by Landlord Association and Yiren Real Estate Company, and the stock price fell further, with the drop suddenly exceeding 20%.

Hongpu Real Estate Company Meeting Room

Shen Zhou, the founder of Best Real Estate, is a 62-year-old man sitting to the left of Li Yude, next to his eldest son Shen Xing. Shen Zhou is not a pushover. When he saw three companies competing for Best Real Estate and no one was willing to buy it at the market price, Shen Zhou split his 3% stake and sold it to the three companies.

Century City Company obtained 7%, Xinchang Real Estate obtained 10%, Hongpu Real Estate obtained 8%, and Shen Zhou still held 17% of the shares.

As a result, a takeover war broke out, and the natural winner was the founder, who wanted to sell at a high price. However, the stock price had plummeted at this time, and even if he sold, there might not be anyone to take over.

Therefore, Shen Zhou came again, and his purpose was obvious, he wanted to sell his shares at a high price.

"Mr. Shen, it is unlikely that you will be able to sell the 15% of Best Real Estate shares you hold at the current share price. Hongpu Real Estate Company can only acquire them at the share price before the takeover war broke out." Li Yude said with a smile.

In fact, Li Yude had already sent greetings to Shen Zhou's family in his heart. Such a sinister act had made all the companies involved in the acquisition war have a bad impression of Shen Zhou.

"Ahem!" Shen Zhou coughed a few times, took a few breaths, and said, "Mr. Li, there are many companies that are still eyeing Best Real Estate. If Hongpu Real Estate obtains my 15% stake, it should be able to win and let Hongpu Real Estate control Best Real Estate."

"Your company has acquired a lot of stocks at high prices in the stock market. The current stock price has fallen a lot compared to the previous price, but it is impossible to return to the price before the acquisition war."

Li Yude countered, "That can't be the current share price. Besides, Hongpu Real Estate already holds very few shares. Even if they get the 15% from Mr. Shen, their shareholding will not exceed 20%, and they still can't have an absolute chance of winning."

"Dad, let's go back to Century City Company. They hold 23% of the shares of Baide Real Estate Company. They must be interested in our 15% shares, and they are willing to buy it at the market price." Shen Xing pretended to whisper to Shen Zhou.

In such a quiet meeting room, whether whispered or loud, all these words reached the ears of the three people.

Lin Luoqi was a little annoyed. "Mr. Shen and Mr. Shen should sell their shares to Century City Company. We, Hongpu Real Estate Company, will withdraw from this acquisition."

Luo Qihong smiled and said, "Mr. Shen, we are all smart people, there is no need to resort to such tricks. I believe that the people of Century City will not acquire the company at the current share price, or even at the share price before the acquisition war. As for the reason, I think Mr. Shen knows it better than us."

"Mr. Shen's goal is to make us continue to fight so that he can reap the benefits. Let me ask one more question: how many shares of Best World Real Estate Company does Mr. Shen hold?"

Shen Zhou looked at Luo Qihong deeply and did not answer in a hurry. Instead, he was thinking about how to maximize his own interests.

Luo Qihong did not force Shen Zhou to answer immediately. He believed that Shen Zhou would make a choice that would be beneficial to him.

Luo Qihong even stopped Lin Luoqi's attack and gave Shen Zhou enough time to think.

(End of this chapter)