Hong Kong 1980: The Savage Era

Chapter 17 017 [Being Smashed] (Please Collect)
"Mr. Zhang, I have transferred 38 yuan to the stock account. If possible, please help me buy all the subscription shares of Legu Real Estate Company." Luo Qihong said slowly.

Zhang Taotao did not answer Luo Qihong immediately. After thinking for more than ten seconds, he said, "Mr. Luo, I'll give it a try. I may not be able to buy all of them."

"Okay! Buy as much as you can. I'm like Han Xin selecting soldiers - the more the better." Luo Qihong said jokingly.

He predicted that as long as he used all 81 yuan to buy shares of Legu Real Estate Company, there would be no problem in doubling the principal. Then the principal on hand would soon exceed 160 million yuan, and the goal could almost be achieved ahead of schedule.

After lunch, Luo Qihong went to Causeway Bay again, where he happened to meet Yang Mingkun and his wife who were having lunch. The dishes were simple, one meat and one vegetable, and the combination was relatively balanced.

After giving the check to Yang Mingkun, Luo Qihong left without staying.

Before leaving, Yang Mingkun asked Luo Qihong to take care of the business. Luo Qihong agreed of course. After all, Yang Mingkun could settle the account a little later, which might help alleviate the financial difficulties.

The luxurious agency store, which had been renovated for more than half a month, finally opened. Many customers gathered in front of the door. This was the result of the commission being returned to the buyers.

Don't underestimate this 2% refund. A 600-square-foot house requires a commission of 1400 yuan, and the buyer will receive 280 yuan, which is close to one-third of the salary of an ordinary worker.

Customers all ran to their competitors' shops, so other agents could only "swat flies and have no business to do". Some people were inevitably dissatisfied, and Guan Jiahui, who urgently needed to repay her money, was one of them.

"Hmph! They are so annoying. There are so many new houses in Causeway Bay and Kowloon city, but they don't open stores there. Instead, they come to old town areas like North Point." Guan Jiahui flipped through a magazine irritably, with a look of resentment on her face.

3 yuan plus some interest. If business is not good, even living will become a problem, let alone paying back Luo Qihong.

Luo Qihong smiled slightly and said, "A little bit adds up to a lot! The agency across the street probably doesn't think highly of the house rental business. You can do this first and hold on for a while."

He believed that some people would do something desperate, and that cutting off someone's financial resources was like killing their parents. Some of his colleagues were brokers with their families, and now the other side wanted to force these people away, which would actually kill them.

Guan Jiahui pursed her lips and nodded, because Luo Qihong was the creditor.

In fact, Luo Qihong no longer cares much about the profits that Hehong Real Estate Company brings him. After all, his investment of 81 yuan in Legu Real Estate Company stocks is about to double.

However, if you run some business, you can at least earn some living expenses. Before you become truly prosperous, you still need to live frugally.

Tuesday, March 11

Legu Real Estate Company was officially listed. Within the first hour, the stock price did not rise much, only rising to 1.6 yuan.

Zhang Taotao was very helpful and helped him get 40 shares from Huoduoli Company, worth 60 yuan, and now he has made a profit of 4 yuan.

After hanging up the phone with Zhang Taotao, Luo Qihong couldn't help but get excited. He earned 0.1 yuan with a 4 yuan increase, 1 yuan was 40 yuan, and 2 yuan was 80 yuan. Suddenly, he felt that this money was too easy to make.

In just less than half a year, he was worth more than 100 million. This was Hong Kong in the 80s, when a thousand-square-foot mansion only cost 70. If he was luckier, he would soon own three.

Guan Jiahui heard some noises on the phone and couldn't help but be secretly shocked. She didn't expect that the man in front of her was so rich. He actually invested hundreds of thousands in the stock market and seemed to be making a lot of money again.

"The new agency across the street is too ruthless and has taken away all the house-selling business. Now we can only do some rental business that they don't want. Many of our peers have also started to compete with us. What should we do?" Guan Jiahui pouted. Luo Qihong smiled and said, "Then you can make full use of your beauty, which should be able to attract more business."

He guessed some of Guan Jiahui's thoughts, which were nothing more than trying to get some benefits from him.

Guan Jiahui rolled her eyes at Luo Qihong. This boss was saying something indecent again. Could her beauty compare to money?
The next day, the stock price of Legu Real Estate Company continued to rise steadily, reaching 1.9 yuan as soon as the market opened.

In fact, this kind of growth rate is not considered good among listed companies on the stock market, and Legu Real Estate Company is a newly listed company. The general growth rate is one-third and then gradually slows down.

It was not until the 6th day (the stock market was closed on Sunday), before the stock market opened, that Hong Kong's "Economic Weekly" published an analytical article titled "The Undervalued Legu Real Estate Co., Ltd.". The content of the article talked about the history of Legu Real Estate Company's rise, the experience of its founder Cui Baiquan, the company's assets and its potential prospects in the current real estate market, which attracted a large number of Hong Kong stock investors to watch.

Some people who claimed to be stock experts began to praise Legu Real Estate Company in various ways. News spread in major exchanges that Legu Real Estate Company had spent tens of millions of yuan to purchase a large number of properties. A large amount of favorable news exploded among the crowd of stock investors like bombs. They began to be overwhelmed and found it difficult to judge the truth of the news.

Luo Qihong looked at the newspaper and marveled at Cui Baiquan's strong financial resources, extensive network of contacts and many means. With such hype, it was only a matter of time before Legu Real Estate Company's stock price rose.

As expected, when the stock market opened at 2.6 p.m., Legu Real Estate shares were snapped up by some investors, and the share price rose from 2.9 yuan to yuan, an astonishing increase that seemed to have unlimited potential.

By this means, the market value of Legu Real Estate Company has increased by 3000 million yuan. It will not be a problem to increase the market value by another 3 million yuan in the next 4 hours (the stock market closes at 3000 pm).

Luo Qihong listened to the call from Zhang Taotao and revealed the analysis of the HSBC team. The results of the analysis were more optimistic than Luo Qihong expected, but Luo Qihong did not intend to cash out at the peak of 5.3 yuan.

Because such a market value is seriously inflated and can easily cause a decline, he does not want to be trapped.

Wednesday, May 11

It was not a peaceful day because a luxury agency was smashed by unknown persons. The police were investigating and collecting evidence, and the citizens were watching and watching.

There weren't many 'eyes in the sky' (surveillance cameras) in Hong Kong in the 80s, the crime was committed on a dark and windy night, and the agency was rather unsavory, so basically no useful information could be found.

Luo Qihong pushed through the crowd. The scene was a bit chaotic. The ground was covered with broken glass, papers, and "hands and feet" on the table. The person in charge was being questioned by the police.

"They deserved it! After they came, the entire real estate agency market in North Point was disrupted. Many real estate agencies moved away, destroying other people's jobs. How could others tolerate this?"

"I heard they were really unscrupulous. They said they would return 2% of the commission, but in the end, my relative said he only got 1%, which means his monthly salary became one-sixth of his salary."

"Even so, their business is still booming, while the shops next to them don't have much business."

People are complaining about the evil deeds of luxury agencies, of course most of them are related to real estate agencies.

Luo Qihong felt very happy. Judging from the degree of bankruptcy at the scene, the store would not be able to reopen for more than a week. This was an opportunity for their real estate agency.

Therefore, Luo Qihong hurried back to the store and took out a piece of red paper, on which was written the words "2% commission, big promotion, only for 7 days". He wanted to make a quick buck within this week, otherwise he would start to worry again when the other party recovered.

(End of this chapter)