Hong Kong 1980: The Savage Era

Chapter 159 [Unkindness comes first, injustice comes later]

Liu Luanxiong felt that no matter what, it would be beneficial to Aigo Company, so he agreed, "Okay, since Luo Sheng has already made such a concession, I can't find any reason to refuse."

"How much inventory does your company have left?" Luo Qihong asked. Since it was a business that came to his doorstep, of course he wanted to grab it quickly.

Nowadays, some countries near the equator are also facing an energy crisis, and the temperature will not change much in winter, so Luo Qihong wants to take the opportunity to make a small profit.

"There are about 3 million units. Does Mr. Luo want to get 30 fans immediately?" Liu Luanxiong asked with some confusion. It is winter in most parts of the world. How can fans be sold?
"Yes! Is there any problem?" Luo Qihong smiled faintly.

Liu Luanxiong was very smart and immediately thought of Luo Qihong's purpose. "No problem! Luo Sheng wants to sell these fans to countries with higher temperatures?"

Luo Qihong looked at Liu Luanxiong and nodded, "I have such an idea. Mr. Liu thinks there is a problem?"

Liu Luanxiong thought for a moment and replied, "Now the temperature is high only in countries near the equator, but except for the economies of a few major cities, other places are relatively poor and can't sell many units at all. The sales volume is far less than that of European and American countries."

Luo Qihong was slightly stunned. It seemed that he had thought things too simply. Selling fans in winter seemed to be no different from selling raincoats in the desert. However, he still wanted to give it a try. Perhaps the strategy of small profits but quick turnover would work.

"Mr. Liu, I think we can lower the price moderately to open up markets in other countries, such as the mainland market." Luo Qihong suddenly felt that 1 million fans were too large a quantity. Even though it was winter now, he had to find a way to sell more of them to prevent failing to reach the target next summer.

Liu Luanxiong felt that the sales of fans in winter were not good and the company's profitability was very poor, but the factory could not stop production, so he might as well let Luo Qihong give it a try.

"Okay, then I'll make a bet at Luo Sheng's expense and reduce the profit margin of fans to 3%, and provide 2 million fans to Hexiang Trading Company. How about that?"

"Then let's have a happy cooperation!" Luo Qihong laughed. 2 million units were already a lot. He could completely achieve the goal of two-way profits by selling them in conjunction with other products.

In fact, Luo Qihong is just one of Liu Luanxiong's visiting guests. Many trading companies in Hong Kong are on Liu Luanxiong's list. The purpose is naturally to reduce the degree of capital lock-up of Aimego in fan manufacturing and make Aimego more active.

On the morning of the next day, Aimego Company signed a contract with Hexiang Trading Company. Since it was not a listed company, the news was only announced internally.

That afternoon, the warehouse of Hexiang Trading Company had stored 30 Aigo classic fans. For this reason, Luo Qihong convened a high-level meeting of Hexiang Trading Company and asked them to immediately send people to open up the mainland market and sell to cities such as Singapore.

Many senior executives secretly slandered the company, thinking that their boss was crazy for wanting to sell fans in winter, but they did not dare to disobey Luo Qihong's decision and could only try their best.

Zhang Kuisheng from Fujia Newspaper Company continued to visit Luo Zegui, trying to find a way out of this good guy, but Luo Zegui avoided him every time.

So Zhang Kuisheng could only look for Luo Qixing, but he was met with a cold shoulder.

Luo Qixing directly took out the asset investigation report of Fujia Newspaper Company, claiming that the asset value of Fujia Newspaper Company was only 130 million yuan, not even 2 million yuan.

But Zhang Kuisheng always has another excuse to fool Luo Qixing and get him to sign the contract.

Luo Qixing directly kicked this person out of the office with a rare look of anger on his face.

There are indeed examples of companies raising funds in excess of their asset value but with a small stake, but Fujia Newspaper is not a company with any potential, which means it is not eligible to play a trick.

Zhang Kuisheng had no choice but to agree to the Luo family's conditions, paying 50 yuan for a 40% stake, and cooperating with the hired financial company to audit the accounts.

The reason why Zhang Kuisheng wanted the Luo family's investment was, firstly, Luo Zegui's character, and secondly, the Luo family owned a printing company, which could allow Fujia Newspaper Company to better buy on credit and resolve its current difficulties.

On Tuesday, December 12, International City Company was listed on the four major exchanges in Hong Kong. Most of the 1 million new shares offered for public offering have been subscribed, and the remaining small portion of new shares will be sold in the morning in order to better raise the stock price.

Through Zhang Taotao's efforts, Luo Qihong successfully obtained 6 million new shares privately, spending 1 million yuan.

As it is a real estate company jointly operated by the four major companies in Hong Kong, its reputation was already very high before it went public. Now that it has gone public, it has immediately been sought after by investors.

In just the first hour, the stock price rose from 1.7 yuan to 3.8 yuan, an increase of more than 100%. The market value exceeded 68 billion yuan, making it one of the top five real estate companies in Hong Kong.

Luo Qihong couldn't help but smile as he listened to Zhang Taotao's report. He easily earned 1 million yuan. Dean Securities Investment Company made a profit of 2 million yuan, and the profit was still rising.

According to Luo Qihong's estimate, this stock can enable him and his company to earn nearly 1 million yuan in profits.

At the same time, the share prices of Hong Kong Land Development, Hong Kong Electric Company, Cheung Kong Holdings and Wheelock Holdings, the four major shareholders of International City Holdings, all rose slightly, ranging from 4% to 2%, among which Cheung Kong Holdings had the highest increase.

On the same day, an Isuzu automobile dealership opened. Luo Qihong personally attended the ribbon-cutting ceremony and invited reporters to promote the event.

Unfortunately, in North Point where car shops are everywhere, Isuzu cars do not have much appeal. Although it looks very lively, there are only a few real customers.

Not a single car was sold the entire morning, even with good discounts and offers.

Luo Qihong returned to Zhao'an Real Estate Company somewhat discouraged, and the secretary informed him of a piece of news: Li Jiafeng came to visit and said he had something important to discuss.

Luo Qihong didn't really want to see Li Jiafeng. Although the business of the shopping mall renovation was ruined, he was still angry and was still waiting for an opportunity to give Li Yulong a good beating.

Li Jiafeng is not a good person either. He waited until the matter was completely exposed before showing up, which inevitably made people feel that he was in cahoots with others. Moreover, he has not given Luo Qihong a satisfactory explanation until now.

However, Luo Qihong still wanted to see what this "traitor" was up to, so he asked his secretary to invite Li Jiafeng in.

"Mr. Li, do you have any good projects you would like to take care of?" Luo Qihong immediately changed his address, seeming enthusiastic but actually distant.

Li Jiafeng couldn't help but feel a little nervous, but he was too embarrassed to call him "big brother" again. "I have a good project that I would like to work with you on. I wonder if you are interested?"

"Please sit down!" Luo Qihong said with a smile, "Mr. Li, can you tell us something?"

"It's an acquisition case with a large scale, more than 1 million." Li Jiafeng smiled slightly.

"Oh? What about the profit?" Luo Qihong asked, his eyes revealing some indifference. An acquisition of more than 1 million yuan would not bring much profit.

"2 million and upwards." Li Jiafeng raised two fingers, and his expression became more casual.

Luo Qihong thought about it and realized that if he didn't take advantage of the opportunity, he would be a bastard. "How much is Mr. Li going to give me?"

Li Jiafeng originally wanted to give all the profits to Luo Qihong, but now the relationship between the two is irreparable, so he changed his mind and said, "Half."

"What if I want all of them?" Luo Qihong asked tentatively with a smile on his face. Li Yulong was unkind last time, so don't blame him for being unjust this time.

(End of this chapter)