Hong Kong 1980: The Savage Era

Chapter 170 [Bad things all happened at once]

Zhong Wei had guessed the result in advance and did not agree with forcing Luo Qihong in this way, but this was the decision of the partners and he was just an executor and had no choice but to carry it out.

In fact, Zhong Wei vaguely felt that without Luo Qihong's operation, Yonghua Company might not be able to get rid of its debts and become a well-performing real estate company.

He knew Gao Kaiquan very well. Gao Kaiquan was first-rate in financial stocks, but when it came to running a real estate company, he was not as popular among stockholders, had such a wide network of contacts, or had as much courage and ability as Luo Qihong.

Even if we take away Yonghua Company now, it will be difficult to get it back on track, and it may even lead to bankruptcy.

Unfortunately, Gao Kaiquan only wanted to take what was in other people's bowls, and never considered whether he could eat it or digest it. He thought that what Luo Qihong wanted should not be bad.

Surrounded by bodyguards, Luo Qihong left the cafe and returned to the car. He immediately calmed down, but his face was still very ugly.

Although Zhong Wei's words might sound scary, if they were true, the losses would be huge, so he must take it seriously and take action.

Nearly half of the new shares issued by Yonghua Company were subscribed by Zhaoan Real Estate Company. Today, Zhaoan Real Estate Company still holds 49.6% of Yonghua Company's shares. Zhong Wei and others only need to purchase 26% of the shares from the stock market to apply for delisting.

Luo Qihong was very angry, but he knew very well that he was indeed at a disadvantage at the moment because his opponent did not care about losses, and he was worried about incurring losses, which would affect the overall situation.

"In this case, let me teach them a lesson first, and I'll take some losses first." Luo Qihong took a deep breath and made a decision immediately.

On the morning of the second day, news leaked out in the market that "someone wanted to acquire more than 26% of Yonghua Company's shares in order to delist Yonghua Company", causing quite a stir.

But many people don't believe it. Yonghua Company's business is doing very well. Delisting at this time will inevitably cause losses to all shareholders. The pros and cons are so obvious that no one should do it.

When the rumors reached their peak, Luo Qihong asked people to spread the cause and effect of the news.

The reporters had a keen sense of smell and within just one hour they came to Luo Qihong's home to interview him, wanting to get first-hand information.

However, Luo Qihong refused to be interviewed, which aroused the interest of reporters. They suspected that there was something fishy going on, so they began to keep a close eye on Luo Qihong.

Finally, Luo Qihong was blocked in the basement and forced to accept the interview.

"Mr. Luo, is the news on the market true?" asked the female reporter wearing a white shirt and jeans.

"Someone has threatened me, but I don't believe anyone would do something that would harm others and not benefit themselves."

"Mr. Luo, can you reveal more information about those people?" The reporter became interested.

Luo Qihong smiled and said, "That's not necessary. I will fight for the shareholders of Yonghua Company until the last moment and will not let these people succeed easily."

"So how does Luo Sheng plan to deal with the enemy?"

"At this point, the only way is to increase the stock price so that the opponent will let go due to huge losses." Luo Qihong said seriously.

This is indeed the only way, but Luo Qihong also has selfish motives. He can take the opportunity to reduce his shareholding and recover funds.

The reporter wanted to ask more questions, but Luo Qihong interrupted him with a wave of his hand, "Everyone, I still have some things to deal with. I will accept the interview later."

After getting in the car, Luo Qihong's mouth curled up and sneered, "I'll trick you first."

The current share price of Yonghua Company is 2 yuan, with a market value of 1.4 million yuan, while the properties taken over by Jinxing Real Estate Company and Hongpu Real Estate Company are worth 2 million yuan, and the market value still has room to increase.

What worries Luo Qihong is the batch of properties owned by Jinxing Real Estate Company. He is personally the guarantor of Yonghua Company. Once the company loses the qualification for fundraising and share issuance, Luo Qihong may have to bear the debt.

By transferring these properties, Luo Qihong will lose the 1% premium and incur a loss of more than 2 million yuan.

If the other party controlled the board of directors of Yonghua Company, it would be very difficult for Luo Qihong to resell the properties, which would take a long time to pull, and would put Luo Qihong in an unfavorable situation. Therefore, Luo Qihong took advantage of the fact that he could still control Yonghua Company and asked it to sign a transfer agreement with Zhaoan Real Estate Company in advance.

If Luo Qihong can continue to be in charge of Yonghua Company, this agreement will be invalidated. If he cannot continue, the only option is to cut ties as soon as possible.

Back to Zhaoan Real Estate Company.

Luo Qihong called Bai Jinyan and asked him to start selling 3% of Yonghua Company's shares at the stock price of 16 yuan, in order to recover all the funds invested in subscribing to new shares.

As for the 2 million yuan spent on acquiring the stocks, it will be treated as a loss incurred by this project.

Luo Qihong had just sat down when the Republic of China-era style phone on his desk rang, and he answered it irritably.

"Hey! Um, take it."

Su Qishan's voice came from the receiver, "Boss, something bad has happened. The company's stock price has changed. It seems that a big investor is buying the company's stock."

Hearing this, Luo Qihong widened his eyes, then frowned, all the recent misfortunes came together.

So he picked up his coat and hurried to the China Gas Company.

While in the car, he kept guessing about who would target China Gas Company, and felt that Li Zhaoji of Henderson Lighting Company was the biggest suspect.

As soon as he arrived at the company, Su Qishan saw Luo Qihong and came up to him, reporting, "The other party has acquired about 6% of the shares. The current share price has risen to 12.1 yuan, which is not a big increase."

Luo Qihong holds 36% of the shares, which still leaves him 30% of the equity. However, he is still worried that if this person joins forces with Hutchison Whampoa, his shareholding will easily exceed his.

"Have you found out the source of the account?" Luo Qihong asked in a deep voice.

Su Qishan replied, "The accounts are all from Sun Hung Kai Securities. As for who they belong to, we have no way of finding out."

Luo Qihong felt relieved a little as he was now certain that the other party was Li Zhaoji. As long as he identified the enemy, he could then think of countermeasures.

"Boss, I called Miss Bai and she said that as long as we hold more than 40% of the shares, we can handle it with ease no matter who the other party is." Su Qishan said with some shamelessness.

Luo Qihong sat on a leather chair and asked, "What if the other party merges with Hutchison Whampoa?"

"This..." Su Qishan was shocked, then reacted and said, "How about I call Miss Bai and ask her?"

In Su Qishan's opinion, Bai Jinyan is a professional financial talent and can easily calculate how much shareholding is the safest.

Luo Qihong waved his hand, signaling Su Qishan to make the call.

Su Qishan immediately picked up the phone and dialed the number of De'an Company, but Luo Qihong paid no attention to him. He began to calculate in his mind how many shares he would need to hold in order to keep China Gas Company and how much money it would cost.

"Boss, according to Miss Bai's calculations, we'd better increase our stake by 9%. In this way, even if Hutchison Whampoa does not support us, we can still be as stable as a rock." Su Qishan said solemnly.

9% of the shares may not seem like much, but in fact it requires at least 2 million yuan.

Luo Qihong can raise this money, but this is the minimum funding standard. If the situation is serious, the money needs to be doubled, which is 4 million yuan.

The most important thing is that Luo Qihong dare not harbor any luck. If China Gas Company is really successfully acquired by Li Zhaoji, he will lose his greatest helper in the future.

(End of this chapter)