Hong Kong 1980: The Savage Era

Chapter 176 [Escape]

With a market value of 12 billion yuan, Wing Tai Construction Company is also ranked among Hong Kong real estate companies, and is relatively high up on the list, and enjoys a good reputation among Hong Kong citizens.

Therefore, after hearing about Luo Qihong's counter-acquisition war, shareholders responded positively, and the rise in stock prices seemed to be comparable to the original acquisition of Hutchison Whampoa.

Luo Qihong has always been cunning and reported all the information he received about Li Zhaoji's actions to the shareholders.

By the third day, the stock price had risen to 30 yuan, with a market value of 15 billion yuan.

Li Zhaoji's personal net worth is close to 20 billion yuan, making him a very high-ranking tycoon in Hong Kong. For a time, his influence was not much weaker than that of the ship charter king.

"Li Zhaoji has already bought about 5% of the shares from the market, holding 36% of the shares. However, there are fewer and fewer individual shares on the stock market, and it will be difficult for Li Zhaoji to hold more than 40% of the shares."

"What if Li Zhaoji thinks that he holds enough shares and the stock price drops suddenly? Should we sell Yongtai Jianye Company's shares in advance?" Bai Jinyan suggested while holding the report.

In fact, being a sniper is also very risky. You must choose the right time to sell. If you sell too early, you may easily sell at a low price. If you sell too late, you may miss the high price or even lose money.

Luo Qihong smiled. He would not let go unless Li Zhaoji increased his share to more than 40%. If he seized the opportunity to make another move, Li Zhaoji would be terrified.

As a tycoon, he knew very well what Li Zhaoji was thinking. He was determined to save face by refusing to make peace. (In fact, the loss from buying stocks from Luo Qihong was almost the same as the loss from buying stocks on the stock market.)

In his previous life, Liu Luanxiong attacked Li Zhaoji's China Gas Company. Li Zhaoji would rather buy it at a premium on the stock market than negotiate with Liu Luanxiong. This is a clear example.

However, Luo Qihong holds a grudge and will continue to target Li Zhaoji in the future. It is impossible for him to let the matter go.

Bai Jinyan is a talent in finance, but he lacks the courage of a general. How could he give up easily because of a small problem?

Luo Qihong waved his hand and said, "There is no need to sell in advance. We are suffering, and Li Zhaoji is also suffering. Now we have to see who can keep calm. We are the attacking party and can retreat at any time. There is no need to lose the advantage."

Bai Jinyan nodded. It was still a great psychological pressure for her to snipe a tycoon like Li Zhaoji. She was worried that Li Zhaoji might have some hidden tricks.

"We received news that Li Zhaoji pledged properties worth nearly 2 million yuan to HSBC for a loan and obtained 1 million yuan in cash. He must have a cash shortage." Bai Jinyan continued to report the situation.

Luo Qihong suppressed his smile and thought seriously. If he were Li Zhaoji, he would not release such news at this time, nor would he allow funds to be scarce.

Then it is possible that Li Zhaoji deliberately spread this news. His purpose was naturally to make Luo Qihong lower his vigilance and underestimate his opponent, so that an opportunity would arise.

Sometimes a small piece of news can influence the development of a situation.

"Li Zhaoji is a very cautious person and will not easily release unfavorable news. Although we don't believe it, the shareholders may believe it." Luo Qihong said seriously, "We will start to increase the purchase of Yongtai Jianye shares and directly raise the share price."

Li Zhaoji's lack of cash will somewhat affect shareholders' confidence in the acquisition. If shareholders believe that the acquisition will come to an abrupt end, many stocks will be sold.

"Do we need to disclose our shareholdings?" Bai Jinyan understood what Luo Qihong meant and made further suggestions.

"Our shareholding ratio is too low, which may affect the confidence of shareholders. It is better not to announce it." Luo Qihong refused.

"Then just announce the acquisition directly?" Bai Jinyan still wanted to respond to Li Zhaoji's behavior.

Perhaps only in this way can she feel a little relieved.

Luo Qihong and Bai Jinyan have the same interests, so they are trying their best to help. Luo Qihong thought about it and it seemed that this was the most convenient and cost-effective way.

Moreover, if Li Zhaoji is allowed to act freely, the acquisition of Yongtai Construction Company may lead to another result.

"Announce it, but don't make our shareholding public. I'm worried that it will undermine the confidence of shareholders."

"Okay!" Bai Jinyan said again, "I also heard a rumor that Li Zhaoji had approached the Zheng Yutong and Zhao Congyan families, wanting them to help coordinate our fight."

Luo Qihong laughed, but the smile gradually disappeared as he thought about it.

The previous life's China Gas sniper case took place in 86. At that time, Liu Luanxiong had just become a sniper and was much weaker than Luo Qihong at this time. After all, Luo Qihong had been in the real estate industry for more than a year and had several famous companies under his control.

Perhaps we really can’t use the case of Liu Luanxiong sniping Li Zhaoji as a reference.

Of course, it could also be a rumor, or it could be Li Zhaoji's scheme.

Luo Qihong did not have much interaction with the Zhao Congyan family, and he had only had one conversation and transaction with the Cheng Yutong family, so it could not be considered a friendship.

Luo Qihong immediately determined that this was a rumor.

"Don't worry about this matter. What we should focus on is the stock market and stockholders. If the share price of Yongtai Construction Company is driven up to a sky-high price, when the share price falls back, Li Zhaoji will inevitably suffer heavy losses."

"What if Li Zhaoji really asks someone to come and plead for mercy?" Bai Jinyan asked.

"It's useless for anyone to come and plead for mercy. We will not lose any benefits." Luo Qihong sneered, "Unless someone is willing to help Li Zhaoji pay for it."

Bai Jinyan immediately felt relieved. She was worried that Luo Qihong would not be able to withstand the worldly affairs and would let Li Zhaoji go.

the same day

Yonghua Company announced that it would issue 3 million new shares to Zhao Qichen's Chengfeng Real Estate Company at 2 yuan per share, raising 6 million yuan.

Prior to this, Luo Qihong asked Zhaoan Real Estate to sell another 1500 shares of Yonghua Company at an average price of 3.2 yuan per share, recovering 4 million yuan in funds. His shareholding dropped to 8%, making him the third largest shareholder of Yonghua Company.

In order to further stabilize the stock price, Yonghua Company announced that the company's assets were worth 2.56 million yuan, but its liabilities were not disclosed.

After all, Yonghua Company's net assets are worth about 1.5 million yuan, and its debt ratio is quite high.

At the same time, Luo Qihong and Zhao Qicheng reached an agreement and decided to borrow 1 million yuan from the bank in exchange for the acquired properties, and use the company's cash to pay off all the remaining balances to Jinxing Real Estate Company and Hongpu Real Estate Company.

At this point, Luo Qihong successfully got rid of Yonghua Company's debt guarantee and began to deal with Li Zhaoji wholeheartedly.

Luo Qihong is still the chairman of the board of directors of Yonghua Company, but the actual management rights are transferred to Zhao Qichen. Zhao Qichen took the opportunity to carry out a small-scale purge of Yonghua Company and firmly control some key departments.

Since Luo Qihong had only controlled Yonghua Company for a short time and did not have many confidants, he did not interfere with Zhao Qichen's actions, which also caused unrest among the people in Yonghua Company.

(End of this chapter)