Hong Kong 1980: The Savage Era

Chapter 192 [Are you planning to acquire the company? ]

This is clearly a situation where one loses the rice while trying to steal the chicken.

Seeing Luo Qihong's thoughtful expression, Chen Zhilong thought that since Luo Qihong didn't refuse on the spot, it was an opportunity, so he said, "Boss, Guangshengxing's assets are very high-quality, and there is a large amount of cash in the account. This advantage alone makes it better than most real estate companies on the market."

"Although the market value of our Zhaoan Real Estate is higher than that of Guangshengxing Company, Guangshengxing Company is probably better in terms of potential. If our company can absorb Guangshengxing Company, it will definitely reach a higher level."

Luo Qihong glanced at Chen Zhilong. There was some truth in what he said, but not much.

According to Zhaoan Real Estate's current cash reserves and debt situation, it simply cannot afford such an acquisition. As the time for Sino-British negotiations is getting closer, it is only right to clear Zhaoan Real Estate's debts and keep it in good operating condition.

Moreover, Guangshengxing Company's current market value is high, and the period of a big crash seems to be a better time.

"Okay, Mr. Chen! I know what you mean. We all want to develop and expand Zhaoan Real Estate, but now is not the best time." Luo Qihong waved his hand and politely rejected Chen Zhilong's proposal.

However, he also gave Chen Zhilong a hope, "Mr. Chen, continue to collect information about Guangshengxing Company. We will have a better chance to launch an acquisition."

Chen Zhilong nodded, hesitated for a moment, took out another document and handed it to Luo Qihong, "This is the information of Huaguang Real Estate Company. Recently, Huaguang Shipping Company under Zhao Congyan's family is buying ships on a large scale and ordering new ships in Japan. The amount of funds involved is very huge, so Zhao Congyan has begun to sell some shares of Huaguang Real Estate Company in order to recover funds."

When Luo Qihong heard the name of Wah Kwong Real Estate Company, his eyes suddenly lit up. He had learned some information about the company when he traded two commercial buildings in Sheung Wan with the company last year.

The company's market value is 8.6 million yuan and its share price is 2.2 yuan, but its actual assets exceed 18 billion yuan. It is a very high-quality real estate company, and China Real Estate also has a good appeal among Hong Kong investors.

The properties of Wah Kwong Real Estate Company mainly include Wah Kwong Lijing Center Building and Yongsheng Building in Central, Hong Kong Crystal Center Shopping Mall in Tsim Sha Tsui, Golden Metro Shopping Mall in Mong Kok, Wah Kwong Building, and 25% interest in the Cultural Center. The market value of these properties has reached 14 billion yuan.

The remaining assets are securities stocks and antique porcelain, among which securities stocks account for the vast majority.

In terms of quality, Huaguang Real Estate is definitely better than Guangshengxing Company. However, the strength of Zhao Congyan, the world's third largest Chinese shipping tycoon, is many times higher than that of the Feng family. It can even be said that the strength of Zhao Congyan's family is not weaker than that of Li Jiacheng.

The more Luo Qihong looked down, the light in his eyes became more and more dimmer. The information Chen Zhilong obtained was more misleading than the last.

The Zhao Congyan family is not at the end of its rope yet, and will never allow anyone to seize the Huaguang Real Estate Company, even if Zhao Congyan wants to flee with the capital and has the same idea as John Madden.

Luo Qihong handed the document to Cheng Jianshen and motioned for them to take a look. This also showed that he was still undecided as to whether he really wanted to take action against Huaguang Real Estate Company.

During the period of the big crash, a lot of cheap properties can be acquired, but it is still not as advantageous as spending 5 million yuan to swallow up the Huaguang Real Estate Company worth 18 billion yuan.

If Luo Qihong were asked to choose between the two, he would certainly choose to acquire Huaguang Real Estate Company, taking advantage of the good market conditions and perhaps reducing the debt ratio.

Cheng Jianshen read it quickly, handed it to Kang Wenyi, and then fell into deep thought.

The acquisition of Huaguang Real Estate Company is definitely beneficial to Zhaoan Real Estate Company, but there are also prominent problems, such as insufficient funds and the superior strength of Zhao Congyan's family.

Seeing the atmosphere like this, Chen Zhilong did not dare to speak out to persuade Luo Qihong. After all, he had just seen some dissatisfaction on his boss's face.

When Kang Wenyi was about to finish reading, Cheng Jianshen said, "This acquisition is likely to fail, and it will offend Zhao Congyan, which will be very disadvantageous for our next acquisition."

"But Director Chen is right. Huaguang Real Estate is indeed of high quality. If we succeed, the company will move to a higher level and even take the opportunity to become one of the top ten real estate companies in Hong Kong. So I think we can first take over the stocks held by the Zhao Congyan family, successfully join the board of directors of Huaguang Real Estate, and then slowly make plans."

Hearing this, Luo Qihong's face brightened up as if the fog had been cleared. "What do you think?" Chen Zhilong thought for a moment and said, "I agree with Manager Cheng's plan. Let's take it step by step."

Kang Wenyi also nodded, "How much equity does the boss plan to take?"

Luo Qihong smiled and said, "It's not up to us to decide how much equity we have. It depends on how much Zhao Congyan is willing to give us."

Since it is not a takeover, Zhao Congyan must be willing to give up his shares, or let Luo Qihong hold a certain amount of shares. Otherwise, offending Zhao Congyan would be more trouble than gain.

"Mr. Chen, you are still responsible for the appointment with Zhao Congyan. Remember to explain your purpose to the other party. If the other party is unwilling, do not force it." Luo Qihong instructed Chen Zhilong.

"Yes!" Chen Zhilong nodded. It was a bit regrettable about this matter. He only got half of the credit, and the other half was taken away by Cheng Jianshen.

A private room at the Mandarin Oriental Hotel in Central

Zhao Congyan was born in 1912 and is now 70 years old. He has three sons. Now the couple is obsessed with collecting antiques and has handed over the family company to their three sons to manage.

Huaguang Real Estate Company was handed over to Zhao Shizeng for management, so Luo Qihong did not meet the famous Chinese shipping magnate Zhao Congyan.

"Mr. Luo, long time no see. How have you been recently?" Zhao Shizeng greeted him with a smile. At this time, the Zhao family was still at its peak, so Zhao Shizeng naturally did not have too many worries and was quite confident.

The two had traded a commercial building project worth more than 1 million yuan last year. The process was very smooth, so they developed some friendship.

"It's okay, but not as good as you. If you show your talents in the shipping industry, your family will probably replace the position of ship charter king in a while." Luo Qihong took the opportunity to flatter.

"Mr. Luo, you're too kind! The position of charter king is not so easy to replace. A fleet of 1 million tons is too amazing. It is already the limit for Huaguang Shipping Company to have a tonnage of more than 6 million tons." Zhao Shizeng smiled and waved his hands, his face full of complacency and pride.

"Mr. Zhao, you are too modest. I personally think highly of Huaguang Shipping Company. If Huaguang Shipping had not been listed, I would have wanted to buy a large number of Huaguang Shipping shares and make a fortune." Luo Qihong continued to flatter.

"Haha! Luo Sheng, you!" Zhao Shizeng raised his index finger and shook his head, saying, "If I didn't know you, I would never have thought that Luo Sheng was so young. His way of dealing with people is too sophisticated."

"Mr. Zhao, you're too kind! I'm just telling the truth." Luo Qihong would certainly not admit that those were flattery.

The two continued to exchange pleasantries for nearly 10 minutes before slowly getting down to business.

"Why does Mr. Luo suddenly want to acquire the shares of Huaguang Real Estate Company? Does he want to acquire Huaguang Real Estate Company?" Zhao Shizeng asked, staring at Luo Qihong with a smile.

Luo Qihong said with a smile, "Mr. Zhao, you are joking. I can't take over a company of this size. Besides, Mr. Zhao, your family is so powerful that I can't defeat it."

"I don't like to steal my friends' things. Otherwise, I will be enemies all over the world and life will be meaningless."

Zhao Shizeng agreed with Luo Qihong's first statement. The Zhao family was much stronger than Luo Qihong. As for the second statement, he was skeptical. Luo Qihong had indeed never robbed his friends, but Luo Qihong had a bad reputation and was nicknamed "bandit" and "robber".

Of course, before coming here, Zhao Shizeng had already discussed it with Zhao Congyan and had reached a decision. Now it was just a test.

If Luo Qihong's answer does not satisfy them, they will naturally withdraw the previous resolutions.

(End of this chapter)