Hong Kong 1980: The Savage Era

Chapter 171 [Can’t Take Care of It]

If I had known earlier, I should have increased my stake to over 40% at all costs. After all, I was just hoping for luck.

Luo Qihong sighed secretly. It was really scary that the acquisition of China Gas Company would require 12 billion yuan.

However, when he thought about the fact that the China Gas Company had a market value of 95 billion yuan in 245, which made it one of the top 20 companies in Hong Kong, Luo Qihong felt it was well worth it.

Even if he had to sell Zhaoan Real Estate Company, Hexiang Trading Company, Yonghua Company, or even all its assets now, Luo Qihong would not hesitate.

Want to chat with Li Zhaoji?
Luo Qihong rejected it immediately. A strong man like Li Zhaoji would not give up the acquisition of China Gas Company just because of a few words. Such a high-quality company is involved in the entire plan of the family. The lack of one link will lead to the collapse of the entire plan.

Therefore, chatting will not have any effect at all, and the truth will only be revealed in the stock market.

So, Luo Qihong personally called Bai Jinyan and asked her to buy the shares of China Gas Company at all costs, and the funds would be in place immediately.

In fact, Luo Qihong did not have the huge amount of 4.4 million yuan, so he called Zhang Taotao again and asked Zhang Taotao to help sell all the stocks except Hutchison Whampoa and recover the funds as soon as possible.

On the other side, the General Manager's Office of Sun Hung Kai Securities
The word "ji" in "Sun Hung Kai" comes from Li Zhaoji's "ji", which shows the friendship between Li Zhaoji and Feng Jingxi.

As long as the relationship is good enough, some so-called systems and rules will naturally be meaningless, so all the investment records of Luo Qihong's companies in Sun Hung Kai Securities appeared in Li Zhaoji's hands.

Soon, Li Zhaoji put down the documents and said to Feng Jingxi, "Brother Xi, this Luo Qihong is not simple. Although they are all short-term investment projects, they are always successful, and the profit rate is not low. The worst one is 20%. It seems that Luo Qihong's strength is far from what it seems."

Feng Jingxi is a big shot in the securities industry, but Li Zhaoji also had a title in his previous life called "Asian Stock God", so the two have similar understandings of stocks and securities.

Feng Jingxi nodded. "On the surface, Luo Qihong's investment doesn't seem to be very impressive, but if you look deeper, this guy is indeed not a simple person. I heard that his personal investment in the stock market is even greater. You should be prepared for a head-on confrontation."

As a representative of Chinese tycoons, Li Zhaoji is well aware of the standard of Chinese people's hidden strength, which has always been twice the apparent assets, and sometimes even three or four times. It is normal for Luo Qihong to have a large amount of hidden assets.

However, if this were the case, Li Zhaoji would be in trouble. Luo Qihong holds 36% of the shares of China Gas Company. Once he increases his stake to more than 40%, it will be difficult for him to win even if he joins forces with Hutchison Whampoa.

Even though it finally took over the China Gas Company, it still suffered heavy losses.

"Well! According to the investment report, the investment turnover of Paramount Restaurant Company, Zhaoan Real Estate Company, and Hongpu Real Estate Company exceeded 3 million yuan. Luo Qihong's personal investment amount should be no less than 3 million yuan."

"But Luo Qihong has recently acquired several companies, and his cash flow must have decreased a lot. The best time should be now, while Luo Qihong is mobilizing funds."

Li Zhaoji analyzed in a deep voice that as long as the shares in his hands exceeded 25%, China Gas Company basically belonged to him.

Feng Jingxi, however, felt that Li Zhaoji's chances of success were not high. After all, he was not a small figure, had some achievements in the business world, and had advantages in his hands.

However, Feng Jingxi would not persuade Li Zhaoji. There were many fathers and sons in Hong Kong who fell out over money, not to mention that they were just sworn brothers.

Blocking someone's path to wealth is tantamount to killing his parents.

"Does Brother Xi have any connections with the Bank of East Asia?" Li Zhaoji asked. It was obvious that he wanted to further force Luo Qihong.

Feng Jingxi thought for a while and said with a smile, "I have some friendship with Li Fushu and others, but you don't have to think about it. Luo Qihong was careful when signing the contract with the Bank of East Asia. If the Bank of East Asia defaults, he will need to pay a fine of 10 billion yuan." Hearing such a heavy penalty, Li Zhaoji immediately gave up the idea of ​​​​loaning to the Bank of East Asia. This penalty could buy half of the China Gas Company.

Luo Qihong was extremely worried about the two events of Yonghua Company and China Gas Company being forcefully acquired. He was very clear about the priorities of the matter and that China Gas Company must be firmly controlled in his hands, even at a huge price.

In fact, if Luo Qihong had sufficient funds, he would definitely give Li Zhaoji a big slap in the face and directly initiate a takeover of Li Zhaoji's Yongtai Construction and Hang Lung Construction companies to see how Li Zhaoji would respond.

Unfortunately, Luo Qihong has too little funds to launch an effective and decent acquisition, and it will also make counter-acquisition difficult.

The next morning
As the news of the acquisition of China Gas Company spread, the stock price began to soar from 12.2 yuan to 13 yuan, and the market value increased by 1 million yuan to 6 billion yuan.

Investors subconsciously thought that this was a takeover battle no less serious than the Wharf Holdings acquisition, and began to buy desperately while waiting for the stock price to skyrocket.

Luo Qihong is personally in charge of Dean Securities Investment Company, and some problems need to be solved by him on the spot, otherwise it is easy to miss the opportunity.

Soon it was lunchtime, and Bai Jinyan knocked on the door and walked into the office, holding a document. "This morning, we have acquired 2.3% of China Gas Company's shares from the stock market, spending 5 million yuan."

"The situation in the morning was relatively good, but it may not be so smooth in the afternoon. There are fewer and fewer stocks on the stock market. It is estimated that there may be only 1% of the acquisition volume in the afternoon, but the funds required will not be small."

After acquiring 2.3% of the shares, Narochi Hong now holds 38.3% of the shares, which is still 7% away from the target value.

"Go ahead. We have no choice but to go for it." Luo Qihong let out a long sigh. "Before the market opens in the afternoon, announce the shares we hold and that we will stop the acquisition when we reach 43%."

"Do you want to use a small acquisition space to force shareholders to make a choice?" Bai Jinyan instantly understood what Luo Qihong meant.

Luo Qihong nodded and said, "Yes, if the acquisition war lasts too long, it will be too disadvantageous for us. Only a quick victory is in our interest."

In fact, Luo Qihong was worried that if the time was dragged on too long, unnecessary accidents would occur. As long as the time was short and he took advantage of the advantage, he would have a greater chance of winning. Otherwise, it would be more advantageous to Li Zhaoji.

"It would be better to set the upper limit to 41%. This will give shareholders a greater incentive to hand over their shares. Then we can delay the announcement of the acquisition progress to the outside world." Bai Jinyan suggested.

"Okay, let's announce it to the public at 41% as you said." Luo Qihong thought for a moment and said, "The purchase price shouldn't be too low, let's say a 2% premium."

A 2% premium, or 15.6 yuan per share, is already very sincere.

"Yes, then I will make arrangements immediately." Bai Jinyan then turned around and left the office.

At the same time, a box at the Oriental Mandarin Hotel
Gao Kaiquan and Zhong Wei from the Landlord Association, Zhao Qicheng, the second largest shareholder of Zhaoan Real Estate Company, Lin Luoxun brothers from the Lin Zuhui family and Liu Jiehui, vice president of Standard Chartered Bank, gathered together to discuss how to deal with Luo Qihong.

"Haha!! Li Zhaoji from Hang Lung Zhaoye Real Estate Company has helped us a lot. Luo Qihong definitely doesn't have the time and energy to take care of Yonghua Company now." Lin Luoshi poured a glass of red wine into his mouth and laughed heartily.

Everyone's faces were filled with joy. They all wanted to see Luo Qihong get into trouble. Now that Li Zhaoji had attracted the main firepower for them, they naturally smiled.

(End of this chapter)