Hong Kong 1980: The Savage Era

Chapter 178 [Peace and Threats]

a few days later
De'an Securities Investment Company announced that its acquisition of Yongtai Construction Company had failed, but Hehong Real Estate Company and Zhaoan Real Estate Company jointly made a huge profit, with revenue of up to 1 million yuan.

In fact, Zhaoan Real Estate Company did not interfere much in the acquisition of Yongtai Construction Company. It was just that Luo Qihong wanted to use this to raise the share price of Zhaoan Real Estate Company.

Compared with the losses of China Gas Company, Luo Qihong still lost 2 million yuan, but Li Zhaoji lost more. After all, Luo Qihong's case was specially designed for revenge, with the focus on sniping for profit.

Even though the acquisition of Yongtai Construction Company was over, the media did not miss the opportunity to reap the last wave of profits and continued to publicize it in newspapers, magazines and other paper media. Most people believed that Luo Qihong was the real winner.

As for Li Zhaoji, it cannot be said that he failed, but his losses were more serious than Luo Qihong. After all, he did manage to save Yongtai Jianye Company.

The Peninsula Hotel Tsim Sha Tsui Private Room
As a middleman, Cheng Yutong invited Luo Qihong and Li Zhaoji to attend in an attempt to reconcile the conflict between the two.

Cheng Yu-tung and Lee Chiu-kee had many intersections and collaborations, such as the construction of the Shatin First City project. In terms of friendship, Cheng Yu-tung is naturally more advantageous than Lee Chi-hung.

However, precisely because Luo Qihong and Cheng Yutong are not close friends, Cheng Yutong will not favor Li Zhaoji. After all, Cheng Yutong does not want to offend Luo Qihong for no reason.

The older generation of Chinese in Hong Kong have always believed in making money through harmony and will not make enemies indiscriminately. Cheng Yu-tung is a representative example of this.

"Uncle Tong, you are putting me in a difficult position." Luo Qihong smiled, but his words were a little cold. "Although I have a bad reputation, Mr. Li did it on the first day of the month, and I only did it on the fifteenth day. In the end, I am still the victim."

Cheng Yutong glanced at Li Zhaoji and smiled slightly, "Ah Hong, it is better to resolve a feud than to create one. Ah Ji was wrong in this matter, but Ah Ji also suffered a lot. Why don't we just end this matter here?"

Luo Qihong looked at Li Zhaoji who was still unwilling to say a word in defense, and said, "My losses are not small either. The original 36% stake was enough to control China Gas, but now I have to spend more than 3 million. Counting the profits of Yongtai Construction Company, I still lost 2 million."

"Uncle Tong, you know that I still owe Bank of East Asia 7 million. This incident has seriously interfered with my plans. If I go bankrupt and Bank of East Asia takes control of China Gas, I will be in a lot of trouble."

What Luo Qihong said might be a little too serious, but it was also one of the possible outcomes of the development of the matter.

"Then what does Luo Sheng want?" Li Zhaoji finally spoke, but his tone was a little impatient, and he seemed unwilling to mediate.

"It's not about what I want, but what you want, Mr. Li? It seems that these things were not instigated by me, Luo Qihong, right?" Luo Qihong asked with a sneer.

"Ah Hong, how about this? Ah Ji will buy the Garden Terrace residential building from Siu On Real Estate Company for 2.6 million yuan. The 3 million yuan profit will be considered as Ah Ji's compensation. How about that?" Cheng Yutong told the plan they had discussed.

Luo Qihong thought about it and felt that this plan was good. It could solve some of the current debts, generate profits, and raise the share price of Zhaoan Real Estate Company.

"Okay, what does Mr. Li think?" He looked at Li Zhaoji.

In fact, Luo Qihong didn't want to snipe Li Zhaoji at all. Although the profit was not low, the risk was great and the crisis was getting closer. The most important goal for the time being was to clear the debt.

"As long as Mr. Luo is willing to make peace, I am willing to pay this little money." Li Zhaoji said expressionlessly. "In that case, let's just end this matter like this." Luo Qihong said seriously.

Emotionally speaking, Luo Qihong was unwilling to swallow this humiliation, but it was not in line with his current interests. Moreover, with such a powerful foreign enemy at his side, he really did not dare to concentrate on doing things.

"Haha!! Let's have a drink. We can still be friends in the future." Cheng Yutong raised his glass and gestured with a smile.

Both Luo Qihong and Li Zhaoji were willing to give Cheng Yutong this face, so they raised their glasses.

Luo Qihong thought about it and thought that he had broken the balance of the four major families in the previous life, and the Li Jiacheng family was too strong, vaguely beyond the scope of the four major families. He thought that it should be weakened a little, and the Li Zhaoji family should be strengthened by the way, and he could also do a favor.

So Luo Qihong said, "Mr. Li, you want to acquire a high-quality company to strengthen the family's foundation. I think the electric light company under the Hong Kong Land Company is a good fit for you."

"It's just that the amount of money required may be very high, after all, the Hong Kong Land Development Company spent more than 30 billion yuan to acquire it."

Li Zhaoji paused and said, "The Electric Light Company is good, but it is difficult to acquire. The Land Company will definitely not be willing to give it up."

Luo Qihong smiled and said, "No one would be willing to sell such a high-quality property. Mr. Li is a real estate tycoon. Hasn't he noticed the recent problems in the real estate market?"

"Since losing Wharf Holdings, Hong Kong Land has been aggressively pursuing acquisitions of the Electric Light Company and the Telephone Company, and has also partnered with Sino Land and Carrian Properties to develop projects, spending nearly $80 billion."

"Recently, there have been rumors that the Hong Kong government is about to release the Central Bus Terminal site. Central is the home base of Hong Kong Land Development, so they are determined to acquire it. The value of this land is probably more than HK$70 billion. With such a debt, it will be difficult for Hong Kong Land Development to bear it completely."

Looking at Luo Qihong's analysis with a smile, Li Zhaoji was suspicious. Maybe his relationship with Luo Qihong was not so good? Why did he let him take action against the Xiangjiang Electric Light Company?
Is this a trap? Is Luo Qihong trying to take revenge?

"I know Mr. Li must be wondering why I am helping him so much. We were rivals just now." Luo Qihong said with a smile, "The reason I said this is that I hope to intervene in the acquisition of Hong Kong Electric Company and join the board of directors. The control will still belong to Mr. Li. I am just making an investment."

"With my ability, it's hard to take over a light bulb company with a market value of billions, so I can only settle for the next best thing."

Li Zhaoji still didn't believe it. In Hong Kong, there were many people who were more capable than him, and Cheng Yutong in front of him was one of them.

Luo Qihong smiled and said, "Mr. Li, please think about it again. Anyway, there is still plenty of time. I will take care of the matter of the Hong Kong Electric Light Company in advance."

"Does Mr. Li want to take action against the Hong Kong Star Ferry Company?"

Luo Qihong's last sentence surprised Li Zhaoji. Where did he get the information?

"The land owned by the Star Ferry Company is indeed good. The 13 square feet piece of land in Tai Kok Tsui, Kowloon alone can make a lot of profit." Luo Qihong said with a half-smile, full of threats.

(End of this chapter)