Hong Kong 1980: The Savage Era

Chapter 152 [Massive Expansion]

"BEST Inc., Hong Kong Electric Company and Wheelock & Company." Luo Qihong said the names of the three companies he expected.

Needless to say, Best Real Estate Company has tens of millions of yuan invested by Zhao'an Real Estate Company. Luo Qihong will not allow Best Real Estate Company to continue to increase at such a low rate.

Hong Kong Electric Company is one of the 32 blue-chip stocks in Hong Kong and is currently the largest specialized company in Hong Kong. Once the International City Company is listed, the stock price will definitely soar.

Wheelock & Company focuses on the shipping industry, which is currently at its peak. With the delivery of those scheduled new ships, the stock price will increase. Although not as good as the previous two, it also has relatively high profits.

Li Qiqi pried open the door of the shower room and poked her head out to watch Luo Qihong taking a shower. "I can understand the situation with Best Worldwide Real Estate, but do Hong Kong Electric Company and Wheelock have any big projects that will drive up their share prices?"

So, Luo Qihong analyzed the real reason to Li Qiqi.

Li Qiqi thought for a moment and said, "Hong Kong Electric Company is fine, but what if we replace Wheelock with Changjiang Industrial Company?"

Luo Qihong glanced at Li Qiqi. This woman was really smart and she grasped the key point right away. Cheung Kong Holdings participated in the establishment of International City Company and became the largest shareholder. Of course, there would be a sharp rise in its share price.

"Of course you can. It's just that the current share price of Cheung Kong Holdings is relatively high. Although the share price of Wheelock Holdings has not risen as much as Cheung Kong Holdings, you hold a large number of shares, so there may be unexpected surprises."

The share price of Cheung Kong Holdings is 3 to 4 times that of Wheelock Holdings. As long as Wheelock Holdings increases by 1 dollar, it will make more profit than if Cheung Kong Holdings increases by 3 dollars.

Li Qiqi has good mental arithmetic skills and immediately understood what Luo Qihong meant. He said, "Okay, then I'd better buy Wheelock's shares."

Soon, Luo Qihong wiped the water stains with a bath towel and hugged Li Qiqi who was at the door. Li Qiqi smiled charmingly, like a ripe peach.

"Haha!" Li Qiqi laughed as she was thrown onto the bed, "You're much wilder now."

"Hmph! Not only am I wild, I'll be more violent than last time." Luo Qihong said with a wicked smile.

After a few seconds, a gasp of pleasure was heard.

The battle didn't end until an hour later.

Li Qiqi's beautiful hair was stuck to her cheeks with sweat, and she looked exhausted.

Luo Qihong rested for a while, then said to Li Qiqi, "I have a securities investment company that can help you invest, and it won't let your husband find out."

"Okay!" Li Qiqi hugged Luo Qihong's neck, her face very rosy.

"Then I'll arrange someone to receive you." Luo Qihong said close to Li Qiqi.

Then the war started again. It must be said that Cao Cao was a man who knew how to enjoy life.

next day
Luo Qihong went to work with some back pain, and his secretary Cheng Jianshen asked, "Boss, did you sprain your back? Do you need to go to the hospital?"

Luo Qihong waved his hand, indicating that it was okay and told Cheng Jianshen not to worry about it.

Cheng Jianshen nodded suspiciously, and began to report today's arrangements and submit some documents that his manager asked him to hand over.

"These are the documents submitted by Mr. Chen (Chen Zhilong), and those are the reports from Manager Kang (Kang Wenyi)" Cheng Jianshen explained them one by one.

"Have you seen these documents?" Luo Qihong suddenly asked, as if there was something else going on. Cheng Jianshen was slightly stunned, and shook his head and said, "I haven't seen them. These are the documents handed over by the top management. I am not qualified to read them, right?!"

Luo Qihong smiled and said, "If you don't read it, how can you help me classify it clearly? You can take a look at it later, which will also facilitate the subsequent classification."

"Yes! I will sort them out clearly later." Cheng Jianshen nodded, still confused. These things have always been done by the boss himself, so why is it handed over to him now?

Luo Qihong didn't want to explain anything. He handed the document he had read to Cheng Jianshen and said, "The document submitted by Director Chen is about an acquisition case, but the company's current situation does not allow for any large acquisitions. How do you think we should deal with it?"

Cheng Jianshen is a capable person. He has worked diligently throughout the past year, has not done anything beyond the line, and has never made things difficult for anyone.

Therefore, Luo Qihong is willing to train this person, who may be able to manage a listed company in the future.

When Cheng Jianshen heard this, he realized that the boss wanted to test him. If he passed the test, his future would naturally be bright.

After reading the document carefully, Cheng Jianshen did not think much and replied, "I think Director Chen's starting point is good. We can't deny it completely. We can let Director Chen continue to collect information on small listed companies and give some standards. Maybe Director Chen will work harder."

Luo Qihong nodded and said, "You should negotiate with Mr. Chen to resolve the matter."

"Yes!" Cheng Jianshen answered respectfully.

In fact, Luo Qihong felt that the fatigue of the local cities was getting heavier. Unlike the bright prospects at the beginning of the acquisition of Hongpu Chemical Company, it could make profits through debt and asset restructuring, but the profits would definitely not be as much as Hongpu Real Estate Company.

The reason why Luo Qihong nodded in agreement was that both individuals and companies needed these few tens of millions of yuan in profits, which could more or less solve some debt problems.

Soon, he came across a detailed report on old commercial buildings submitted by Kang Wenyi, including some commercial buildings in the urban area of ​​Kowloon, Wan Chai, and even an old commercial building in Central.

虽然中环旧式商厦的售价为7千9百万元，但是其面积仅有9万6千平方尺的楼面面积，实际可出租面积为8万7千平方尺左右。

The current real estate market situation is not good. The only properties that still have prospects are commercial buildings and high-end residential buildings in the city. The markets for other ordinary residential buildings, industrial buildings, etc. are shaky. Most speculators and real estate developers are waiting and watching, and only a few real estate developers think this is a good time to buy at the bottom.

Luo Qihong was somewhat interested in the Wanxiang Building in Central, but the investment was huge and the rate of return was not high.

According to the current market conditions of small commercial buildings in Central, the Wanxiang Building, which cost HK$8 million (Central has more densely populated buildings, making construction more difficult and renovation more expensive), is unlikely to be sold for more than HK$3 million, with a return rate of only 9%, and the construction period is longer than that of commercial buildings in the urban area of ​​Kowloon.

Cheng Jianshen held a different opinion. "Boss, I think we can take over Wanxiang Building. The price of commercial buildings in Central is still rising. If the construction period can be shortened to 2 months, the price of 1 million yuan will be paid by our peers. Even if no one pays, it is also a means for Zhaoan Real Estate Company to raise its stock price, which is very beneficial for raising funds for share offering."

Zhao'an Real Estate Company already owns an On Le Yuan Building in Central. If it acquires another commercial building in Central, the value of its assets will increase by more than a quarter. However, raising funds for share offerings would be a huge burden for Luo Qihong himself.

If Zhaoan Real Estate Company does not raise funds for share offering, its debt will further increase, which is undoubtedly a dilemma.

In the end, Luo Qihong rejected Cheng Jianshen's proposal. Now is not a good time to acquire properties in Central. Instead, cheap commercial buildings are more popular.

"Notify Mr. Chen and Manager Kang that we will begin to purchase a large number of old commercial buildings in the three areas of Kowloon City, Wan Chai and Causeway Bay. It would be best if we could acquire 3 to 5 commercial buildings. As for which commercial buildings are good choices, let them speak with data." Luo Qihong gave the order in a very serious manner.

"Boss, I suggest that the company focus on the urban area of ​​Kowloon. The reason is that Wan Chai is small in size, and many real estate developers are eyeing old commercial buildings. The prices will not be low. Causeway Bay is developing rapidly, but its status is still not as good as the core area of ​​Kowloon."

(End of this chapter)