Hong Kong 1980: The Savage Era

Chapter 160 [Jie Lian Enterprise Company]

When Li Jiafeng heard this, his expression changed slightly, but he quickly reacted and said, "Of course I can give it all to you."

Luo Qihong leaned back in his chair and said comfortably, "To be honest, I am not interested in Mr. Li's project. I have a lot of projects on hand now and no funds can be drawn, so I will let Mr. Li down."

Li Jiafeng naturally didn't believe Luo Qihong's lies. His intuition told him that Luo Qihong was looking for an opportunity to take revenge. He didn't want to accept this project because accepting the project would hinder Luo Qihong's revenge.

He had no way to stop it. After all, Luo Qihong was much stronger than the Li family. He could only try his best to guard against it.

After Luo Qihong sent Li Jiafeng away, he immediately summoned Chen Zhilong and told him the information of the conversation just now.

Chen Zhilong was silent for a moment. "I guess the acquisition case that Li Jiafeng mentioned should be the acquisition of Jie Lian Enterprise Company by the Cheng Yutong family and Jianing Company. This news was widely circulated last month, but was denied by Chen Songqing, so it has been quite quiet recently."

"Since you have already denied it, why do you guess that it was an acquisition by Jie Lian Enterprise?" Luo Qihong asked after taking a sip of tea.

"Boss, there is no smoke without fire! Chen Songqing is an acquisition maniac. According to statistics from some media, Jianing Company has acquired no less than 3 companies, and the Cheng Yutong family also intends to sell Jie Lian Enterprise. It is not impossible for Chen Songqing to take over." Chen Zhilong was very sure about this acquisition, and he also saw that his boss wanted to retaliate against the Li Yulong family.

Luo Qihong thought for a moment and made a decision, "In this case, Zhaoan Real Estate needs to raise funds to buy shares of Jie Lian Enterprise Company. At the same time, we need to check whether the acquisition case that Li Jiafeng mentioned is this one?"

"Yes, boss!" Chen Zhilong said, "The company currently has about 1 million yuan in working capital, and we don't have any properties to pledge for loans. Can we use leverage for this acquisition?"

Luo Qihong shook his head. "It's not a competitive acquisition, so I can't afford a leveraged loan. Let's use the 1 million yuan first, and I'll do the rest myself."

"Boss, this is actually also the business of Zhaoan Real Estate Company. The Li Yulong family must be punished, otherwise it will be difficult for them to have prestige in the business world." Chen Zhilong reminded seriously.

Luo Qihong waved his hand and smiled, "The Li Yulong family is just a small family. There is no need to make a big deal out of it. As long as they reveal a flaw, they will definitely suffer heavy losses if we take action again."

"The most important thing now is development and solving the debt problem of Zhaoan Real Estate Company. The rest can be put aside. If we miss the opportunity for revenge, it will be harmful to Zhaoan Real Estate Company."

Two hours later, Chen Zhilong came into Luo Qihong's office again and handed over the specific information of Jie Lian Enterprise Company.

Luo Qihong suddenly discovered that this company had a lot of real estate and stock securities investments with a market value of 3.4 million yuan, and New World Development Company held 35% of the shares, making it the largest shareholder.

This level of shareholding is naturally not high, but most people really dare not go against the Cheng Yutong family, because Cheng Yutong has always had sufficient cash flow thanks to Chow Tai Fook Jewellery Company, and the debt ratio of New World Development Company has been controlled at around 30% all year round, making it a very high-quality real estate company.

Once a takeover is launched, it will be difficult to win over the Cheng Yu-tung family in terms of cash, and it is not a good thing to offend real estate and jewelry tycoons.

The current 'stock market sniper' Liu Luanxiong is still struggling in the field of classical fans, so Jie Lian Enterprise Co., Ltd. is very safe.

Luo Qihong remembered that from reports in his previous life, there were only three listed companies under Jianing Company, and he did not remember the name of Jie Lian Enterprise Company.

Is the acquisition of Jie Lian Enterprises really a rumor?
Luo Qihong suddenly asked Chen Zhilong, "How many competitors does Jie Lian Enterprise have?"

Upon hearing this, Chen Zhilong immediately realized that his boss wanted to acquire Jie Lian Enterprise, and replied, "There is no competitor for now. It seems that only Jianing Company has contacted New World Development Company."

"I doubt that Jianing Company really has no intention of acquiring Jie Lian Enterprise Company, but we can take it over and take the opportunity to get in touch with the Cheng Yutong family. Moreover, Jie Lian Enterprise Company has good qualifications, so we should be able to make a fortune." Luo Qihong said.

Chen Zhilong's eyes widened. He didn't expect the boss to suddenly reject his previous judgment, but the plan remained unchanged.

"If we acquire Jie Lian Enterprise, based on the current share price, the funds required will not be less than 1 million yuan, and the company may not have that much money."

"It doesn't matter!" Luo Qihong waved his hand. "I can make a joint acquisition with my subsidiaries. Zhaoan Real Estate can just continue to buy shares of Jie Lian Enterprise from the stock market."

Chen Zhilong saw that his boss had already made up his mind, so he didn't dare to persuade him anymore, and nodded. At 4 p.m., the stock market closed, and Zhang Taotao and Bai Jinyan called to report the stock prices of International City, Cheung Kong, Wheelock, and Electric Light. Among them, the stock prices of International City rose by more than 200%, and the stock prices of Cheung Kong rose by more than 15%.

Zhaoan Real Estate Company successfully earned 1 million yuan from 350 million shares of International City Company. This was just the first day of the rise, and it didn't seem to be a big problem to make 1 million yuan.

7: p.m.

At Yeung Ming-kwan's home in Causeway Bay
This is a 60s-style tenement building with no elevator and you can only walk to the 5th floor.

Yang Mingkun's house is not big, with an area of ​​more than 5 square feet (about 51 square meters). It has no balcony and the lighting is not very good, but the house is very clean and the items are arranged in order.

It can be seen that Tan Hongmei is a thrifty woman who is very good at managing the household.

Yang Mingkun's family of four live here. The room is just big enough for them, but it seems a bit cramped to Luo Qihong.

In order to entertain Luo Qihong, Yang Mingkun's son and daughter were not at home and were sent to a friend's house to be looked after for a few hours.

"Mr. Luo, today's dinner is a bit shabby, please don't mind it." Tan Hongmei said somewhat embarrassedly.

“Not shabby! My family used to live in Kowloon Bay, and our house is similar to yours.” Luo Qihong said with a smile.

Yang Mingkun went on to explain, "Actually, I wanted to invite you, Luo Sheng, to eat out, but then I remembered that Luo Sheng mentioned that he wanted to try Hongmei's cooking, so I invited Luo Sheng to my home."

"Then I'll try my sister-in-law's cooking today."

Tan Hongmei said a few humble words and then went back to cooking.

Luo Qihong looked around and said, "Mr. Yang, have you ever thought about changing houses? The houses here are still a bit cramped, and there are no good school facilities."

Yang Mingkun blinked and said, "I already have a plan. I plan to buy one next year. Does Luo Sheng have any good recommendations?"

"That depends on Mr. Yang's budget. A house worth 50 yuan is different from a house worth 1 million yuan," Luo Qihong said jokingly.

Yang Mingkun made a lot of money working with Luo Qihong. Luo Qihong felt that Yang Mingkun could take out 1 million, but it depended on whether Yang Mingkun was willing to do so.

"Within 1 million, too much will affect the family expenses." Yang Mingkun sighed.

Seeing this, Luo Qihong suggested, "In my personal opinion, the property market will fall, but it will take some time. If Mr. Yang is not in a hurry, he can wait a little longer. With 1 million, he may be able to buy two houses by then."

"Will this affect the business of Fengtu Construction?" Yang Mingkun subconsciously thought of business.

This surprised Luo Qihong, so he nodded and said, "There will be an impact, and it will be a big impact, so we need to do more projects now to accumulate funds to get through the crisis."

Yang Mingkun pondered for a long time and said, "Should we stop paying quarterly dividends first and let the company develop more business?"

For all the projects undertaken by Fengtu Construction Company, the clients have to pay a 3% deposit, and the balance will be settled after the completion of the construction period, so expanding the business requires a lot of funds.

Of course, the current Fengtu Construction Company is taking over the project of Zhaoan Real Estate Company. Luo Qihong will consider paying the project fee, and sometimes even pay the full amount.

(End of this chapter)