Hong Kong 1980: The Savage Era

Chapter 156 [Waiting for an Opportunity]

Luo Qihong does not have the mind or energy to manage a film company, and he does not seem to have the talent to do so, so he can only invest in the form of a joint venture.

In fact, Luo Qihong was not doing this entirely for Guan Jiahui. He was more planning for the next two years, from 82 to 84, in order to maximize profits and funding sources.

If a big crash starts, Hong Kong will be full of high-quality properties, and at very low prices. This will naturally be a great time to buy up properties in large quantities.

Although the box office of movies at that time was only a few million, we could win by quantity. If one movie made 1 million, ten movies would make 1 million.

This is the price of a commercial building in downtown Kowloon during the period of the big crash.

As he was thinking about it, Luo Qihong had a suitable candidate in his memory of his previous life. This person should be in bankruptcy crisis at this time, which was a good opportunity to take advantage of the situation.

Li Yude successfully obtained absolute control of Hongpu Real Estate Company from Dehe Real Estate Company, holding 45% of the shares and becoming the largest private shareholder.

At that time, the market value of Hongpu Real Estate Company was 3 million yuan, ranking relatively high among small real estate companies in Hong Kong, and the properties it owned were also of relatively high quality.

Many people envy Lai Yuk-te for getting the lucrative Hongpu Real Estate Company. Now Lai Yuk-te's net worth has exceeded 1 million yuan, making him a well-known Hong Kong tycoon.

Of course, before acquiring Hongpu Real Estate Company, the Li Yude family was also a wealthy family in Hong Kong, with a net worth of tens of millions, which has only doubled now.

However, the debt of Li Yude's family has exceeded their original net worth. They need to repay hundreds of thousands of interests every month, and the pressure is very great. Now they rely on the ginseng factory to make a living.

This situation is very dangerous. Once problems arise in the ginseng factory, the Li Yude family will definitely be in crisis.

Looking at these materials, Luo Qihong couldn't help but smile, "What do Director Chen and Jianshen think about this?"

Hearing this, both of them looked at Luo Qihong with dilated eyes. Is this an assessment?
"Mr. Chen, please speak first!" Luo Qihong called on him.

Chen Zhilong's eyes flickered. He guessed some of Luo Qihong's thoughts, but he was not worried about all of them. After a few seconds, he replied, "Hongpu Real Estate Company's debt is not very high, and it has good assets as support. There will be no major problems for the time being. On the other hand, the owner Li Yude is heavily in debt, and other industries have already encountered problems. So I think Li Yude will lose control of Hongpu Real Estate Company sooner or later."

After waiting for nearly half a minute, seeing that Chen Zhilong did not add anything, Luo Qihong looked at Cheng Jianshen, "Jian Shen, what do you think?"

Cheng Jianshen replied, "I agree with Mr. Chen. We can wait for Li Yude to fall into crisis, then lend a hand and reap some benefits from it."

"Why not directly control Hongpu Real Estate?" Luo Qihong suddenly asked.

Chen Zhilong suddenly felt that he had lost to Cheng Jianshen. This was purely a case of 'throwing a brick to attract jade', and he was the brick.

"If Li Yude insists on protecting Hongpu Real Estate Company, it will be very troublesome for us. It is better for us to take the profits. Moreover, Hongpu Real Estate was built by the boss himself, and we cannot let it fall into the storm again." Cheng Jianshen said bluntly.

This is a business world, there's no room for personal relationships.

"Can we take this opportunity to take over some of the properties of Hongpu Real Estate Company?" Chen Zhilong asked thoughtfully.

Luo Qihong shook his head. "It is not a wise move to buy these properties at a high price now. Our goal is not to help Hongpu Real Estate Company escape danger, but to gain benefits from Li Yude."

"Boss, let me monitor this matter. I know the situation of Hongpu Real Estate Company." Chen Zhilong wanted to take the opportunity to get the upper hand. "Okay, I'll leave it to you." Luo Qihong nodded. Collecting information and spying on intelligence were trivial matters for Chen Zhilong.

Three minutes later, Chen Zhilong submitted two more reports, one was the information of small companies and the other was the detailed situation of Baohua Construction Company.

The former was something that had been discussed before, and the latter was added by Chen Zhilong himself, but it was also mentioned by Luo Qihong not long ago.

This was Chen Zhilong's way of seeking credit, and it was also his usual style. Both Luo Qihong and Cheng Jianshen were accustomed to it.

"Let's choose Yonghua Co., Ltd. with a market value of 3 million yuan. It has good assets and also has equity in some peer companies." Luo Qihong immediately decided to acquire the company.

"Feng Jiajin, the major shareholder of Yonghua Company, holds 42% of the shares. We need to have a good discussion with him, otherwise it will be difficult for us to succeed in the acquisition," Chen Zhilong reminded.

Luo Qihong smiled and said, "If it doesn't work, we can find another one. There's no need to fight to the death. We're only in business for a while anyway."

In terms of real estate, Luo Qihong believes that Zhaoan Real Estate Company is enough, otherwise there will be heavy losses during the big crash and it will be difficult to sustain. Now the main focus is on resolving the debts of individuals and Zhaoan Real Estate Company.

"Okay, then I will contact Feng Jiajin from Yonghua Company first." Chen Zhilong said.

Luo Qihong then continued to look through the documents of Baohua Construction Company. This company was considered a large enterprise in Hong Kong's construction industry, with a market value of 3 million yuan. Its annual profit in recent years had exceeded 1 million yuan, and its profit in 7 had exceeded 80 million yuan.

It does not own many properties, except for a 20-storey medium-sized commercial building in the urban area of ​​Kowloon, with a market value of HK$6 million and an annual rental income of more than HK$9 million.

At this time, Zhaoan Real Estate Company naturally did not have enough strength to acquire Baohua Construction Company, nor did it have room for investment profit. It would be more beneficial for Zhaoan Real Estate Company to acquire it later.

Baohua Construction Company's main business is the development of real estate, port facilities and port-related properties. It also has certain real estate sales capabilities. It is much inferior to the leading Kinmen Construction Company, but it is relatively outstanding among many Chinese-funded construction companies.

It was a popular candidate in the tender for the HSBC Building last year, which shows that Baohua Construction Company has a good industry reputation and construction capabilities.

"Let's put the matter of Baohua Construction Company aside for now, but we must pay attention to its actions." Luo Qihong said helplessly.

Baohua Construction Company is of such high quality that naturally many people are eyeing it, and they all want to take over this company as the flagship of the construction industry, but its top management will not let the enemy succeed so easily.

In his previous life, the 'sniper' Liu Luanxiong encountered a strong counter-takeover from Baohua Construction Company and narrowly defeated the current senior management of Baohua Construction Company, but of course he suffered a lot of losses.

"Boss, the board of directors of this company is not simple. There are many tycoons in the same industry as its directors. It is very difficult to acquire it." Chen Zhilong felt that this was a "hornet's nest" and it was easy to be counterattacked by tycoons in the same industry.

Luo Qihong was not afraid. It would certainly be difficult to succeed if he took action now, but he did not believe that Baohua Construction Company would always be so united and harmonious. As long as he paid attention at all times, once there was an opportunity, he would seize it, make the gap bigger, and take the opportunity to take over Baohua Construction Company.

"Mr. Chen, do you know how tigers, cheetahs and other beasts hunt? They will wait for an opportunity to strike, rather than alerting the enemy." Luo Qihong smiled and continued, "I don't believe there are no contradictions within Baohua Construction. They are not tempted by such a good thing."

Chen Zhilong nodded. He understood what Luo Qihong meant. Just wait for the opportunity.

(End of this chapter)