Hong Kong 1980: The Savage Era

Chapter 163 [Return to the Company]

"I'm really in trouble now, and it will take a long time. I hope to get a better price." Lin Luoqi glanced at Luo Qihong guiltily. He also knew that this was unlikely.

Luo Qihong smiled and said, "Luo Qi, Zhaoan Real Estate Company has a debt of nearly 2 million yuan, and needs to repay hundreds of thousands of interest every month. I'm afraid it's difficult to help you. For the sake of our friendship, I suggest that you pledge the shares of Best Real Estate Company and purchase some equity from Zhaoan Real Estate Company to increase your shareholding to a position that is not afraid of challenges."

Lin Luoqi's breathing began to get heavier and his face became more gloomy. Luo Qihong refused to help, and without the support of his family, it would be difficult for him to pay off his personal debts.

Luo Qihong had been extremely tolerant of Lin Luoqi, who had no backing, but considering their past friendship, he still suggested, "There is another option, which is to sell Dehe Real Estate Company, which will allow you to increase your stake to a safe position."

Lin Luoqi still has the strong aura of a "rich second generation" and thinks that others will give him this face, but he doesn't know that face is given by himself or the forces behind him, not brought by self-righteousness.

Today, he lacks entrepreneurial ability and is greedy. He ignored Luo Qihong's reminders earlier and is now stuck in a quagmire. It is only natural that he has lost his foundation.

Now it depends on what Lin Luoqi’s choice is, whether to keep Dehe Real Estate Company or take the risk of keeping Best Real Estate Company which has many problems.

If Luo Qihong were in Lin Luoqi's position, he would abandon Best Real Estate Company without hesitation, and use the funds obtained to develop and expand Dehe Real Estate Company, and wait for the next opportunity to attack.

This kind of giving up requires great courage and clear development ideas, which Lin Luoqi, a "mama's boy", naturally does not have.

Luo Qihong knew that Lin Luoqi must have consulted Xu Jiawen, and that he must have been ordered to "save Best Worldwide Holdings Group". Lin Luoqi was also greedy, thinking that only by making the company a listed company could he regain face in front of his family.

What Luo Qihong didn't expect was that Lin Luoqi responded decisively, "The current asset value of Dehe Real Estate is about 3 million yuan. I hope you can calculate it with 5 million yuan."

“没问题！”罗齐鸿点头道“现在的百世置业公司股价0.9元，市值2亿7千万元，兆安地产公司持有9千万股，而洛奇你持有8千1百万股。”

"The total share capital is 3 million shares. If you want to acquire all of them, you will need 8 million yuan. If you hold more than 1% of the shares, it will trigger the bottom line of a full acquisition. I suggest that you hold 50% of the shares, which will reduce the amount of funds required."

Lin Luoqi already holds 27% of the shares and only needs 22% of the shares to reach 49%. Zhaoan Real Estate Company holds 30% of the shares and it would be very troublesome to take over all of them.

"What are you going to do with the remaining 8%? Sell it directly on the stock market?" Lin Luoqi asked.

"It should be. If it weren't for our friendship, I wouldn't have taken over Dehe Real Estate at this time. What Zhao'an Real Estate needs is cash, not a company." Luo Qihong forcedly asked Lin Luoqi for a favor. After all, this favor would be worth it.

Lin Luoqi nodded, indicating that he acknowledged the favor.

Dehe Real Estate Company is worth 4 million yuan, and Lin Luoqi still has to pay 2 million yuan in cash personally.

Luo Qihong didn't think that Xu Jiawen and Lin Luoqi had the funds, otherwise they would have increased their stake a long time ago, instead of letting Zhaoan Real Estate Company remain the largest shareholder for so long.

The next day, when the news of the acquisition challenge broke out, Best Real Estate's stock price rose by 1 cent, its market value exceeded 3 million yuan, and its debt ratio further dropped to 30%, making it a real estate company with good operating conditions.

Lin Luoqi worked very quickly. He signed the contract with Luo Qihong on the same day and held a press conference in the afternoon, announcing that he held 49% of the shares, becoming the largest shareholder of Best Real Estate Company.

Siu On Real Estate Company Office

Sitting opposite Luo Qihong was an uninvited guest, who had many conflicts with Luo Qihong, more than any other opponent.

"Excuse me, how many shares of Best Real Estate Company does Yiren Real Estate Company currently hold?" Luo Qihong asked.

Lin Luoxun on the other side smiled and responded, "Yiren Real Estate Company has acquired 7.5% of Best Real Estate's equity from Century City Company, plus the 13% acquired from the stock market, a total of 20.5% of the equity."

With 20.5% of the shares, Yiren Real Estate Company has become the second largest shareholder of Best Real Estate Company. The control of Best Real Estate Company is still in the hands of Lin Luoqi, and Lin Luoxun cannot shake it. Zhaoan Real Estate Company holds 8% of the shares. If it sells to Yiren Real Estate Company, it will hold 28.5% of the shares.

This is a potential threat to Lin Luoqi. If there is any problem, Lin Luoxun may "turn the tables" and seize control of Best Real Estate Company.

Of course, this has nothing to do with Luo Qihong, and if Lin Luoqi can lose control even with a 49% stake, it would be better for him to just be a rich second generation.

"A 1% premium and a price of 1.2 yuan per share is naturally hard for me to refuse." Luo Qihong smiled faintly.

"Then let's have a pleasant cooperation?!" Lin Luoxun extended his right hand towards Luo Qihong.

Luo Qihong shook hands with Lin Luoxun. "It's a pleasure to work with you! But I hope Yiren Real Estate Company can settle the payment in one lump sum, because Zhaoan Real Estate Company is anxious to use this money."

Lin Luoxun thought about it and said, "Okay! Please give me a week."

This request is against the rules, but if Luo Qihong refuses and holds the 8% stake for a long time, it will give Lin Luoqi great confidence, and Lin Luoxun's plan to seize control of Best Real Estate Company will be challenged.

Moreover, Lin Luoxun was worried that Luo Qihong would take advantage of the opportunity to swallow up the Best Property Company, then wouldn't he be making wedding dresses for Luo Qihong.

Therefore, it is now necessary to drive Luo Qihong out of the Best Real Estate Company and put an end to his thoughts.

这单交易牵涉资金2千8百80万元，加上林洛奇私人要支付的2千6百万元，德合地产公司的4千万元，总计9千4百80万元。

Zhaoan Real Estate Company made a profit of 4 million yuan, with a profit margin of over 9%.

Although this is somewhat different from Luo Qihong's expected profit, it is still good overall.

The profit this time can fully offset the capital expenditure incurred by Chen Zhilong in acquiring small listed companies.

After Lin Luoxun left, Luo Qihong personally called Lin Luoqi and informed him of the news so that he could be mentally prepared.

Then Chen Zhilong and Cheng Jianshen came in together, each holding documents, ready to report on their work.

"At present, the company's funds have reached the bottom, including a large amount of funds recovered from the commercial building renovation project. However, we have acquired Yonghua Company with a market value of 3 million yuan, holding 6% of the shares, at a cost of 49.6 million yuan." Chen Zhilong reported.

The market value of Yonghua Company is too low. It can be regarded as the worst real estate company in Hong Kong. The properties it holds are also very scattered, resulting in considerable cost waste in management.

Luo Qihong read the report and ordered, "Sell all the properties under Yonghua Company at market prices, and then sell one of the old commercial buildings in Kowloon City owned by Zhaoan Real Estate Company to Yonghua Company, and then pledge it. The loan funds will then be used to jointly purchase a high-quality commercial building with Dehe Real Estate Company."

The purpose of these plans was to raise the share price of Yonghua Company. After all, Zhaoan Real Estate Company did not want to operate Yonghua Company for a long time from the beginning, but to act as a matchmaker and marry Yonghua Company to a "weishuilao" (rich man).

等陈智隆的事毕，程见深汇报说道“德合地产公司目前拥有一幢市值2千7百万的九龙市区宝丰大厦以及6个正在进行装修的商铺，合计资产3千5百万元。”

"The business is going well, but I suggest replacing some of the employees of Dehe Real Estate Company because they are loyal to the original owner and are slacking off at work. I'm worried that there will be big problems in the future."

"It's just a small matter, let's change it." Luo Qihong waved his hand, still giving Cheng Jianshen this little face.

(End of this chapter)