Hong Kong 1980: The Savage Era

Chapter 209 [As expected]

As a company operator, Yang Mingkun is still too emotional. If the company relies solely on personal connections, it will not be able to last long.

Moreover, a company is supposed to make a profit, not do charity. It has to be ruthless when necessary, otherwise more people will go bankrupt. For example, those who are left in the company and the fired workers will not receive generous compensation.

However, it is precisely because of this that Luo Qihong is willing to continue cooperating with Yang Mingkun and is willing to patiently explain and discuss with Yang Mingkun a more appropriate solution.

If it were anyone else, Luo Qihong would give the order directly, and his decision would have to be carried out regardless of whether they wanted to or not.

In late April, Qiu Debao, who had been lying in ambush for a long time, finally commissioned the financial company of Luo Fuqi and his son to launch a comprehensive acquisition of Siu An Real Estate Company, indicating that it already held 4% of the shares of Siu An Real Estate Company.

When Luo Qihong saw the news, he was not angry but relieved. The arrow that had been waiting for him to be shot finally came out.

"Boss, the acquisition price announced by Luo Fuqi and Sons Financial Company is 14 yuan per share, which is about a 1% premium. Should we let Wan Guobao Financial Company launch a counter-acquisition?" Cheng Jianshen asked impatiently.

Luo Qihong smiled and said, "Don't worry, I have asked Dean Securities to increase its stake to 49%. There is no way that Qiu Debao's acquisition will succeed. If we rush to launch countermeasures, it will allow Qiu Debao to achieve his goal."

"If there is no response, Khoo Teck Puat's shares will have to be sold off, and the share price cannot rise quickly. He will suffer heavy losses and gain nothing."

Seeing that the boss was so confident, Cheng Jianshen and others felt relieved, but they were still a little worried. After all, the other party was a well-known tycoon in Southeast Asia, backed by two banks and had a large amount of cash.

Luo Qihong really didn't believe that Kuo Teck Puat would spend several times the price to acquire Siu On Real Estate Company, but he still wanted to drive down the share price, which would be even more disadvantageous to Kuo Teck Puat.

"Jianshen, you must immediately make an announcement in the name of the company, accusing Qiu Delu and Luo Fuqi's financial company of a malicious takeover. They want to snipe Zhaoan Real Estate Company, intend to raise the stock price, and then sell it at a high price to make a profit. At the same time, tell the shareholders that Qiu Delu's full acquisition is impossible to succeed because De'an Securities Company already holds 49% of the shares." Luo Qihong had a sneer on his face.

This Southeast Asian tycoon actually wanted to accumulate great fame by stepping on Zhaoan Real Estate Company and his head. Don't even think about it. Luo Qihong has never been a servile and cowardly person. Of course he has to fight back.

The current counterattack is part of the defense. Luo Qihong will launch a real "counterattack" only after this matter is settled.

"Yes! Boss!" Cheng Jianshen left the office immediately.

The exchange was already bustling with people at this time, and shareholders holding shares of Zhaoan Real Estate Company were extremely excited, and the traders were busy.

"The tycoons from Southeast Asia are really powerful. They even dared to touch a tycoon like Luo Qihong. The share price of Zhaoan Real Estate Company has risen to 14 yuan."

"Just now, Siu On Real Estate Company issued a statement severely condemning Khoo Teck Puat's comprehensive acquisition behavior."

"What's the big deal? The important thing is that Luo Qihong said that De'an Securities Investment Company, the largest shareholder of Zhao'an Real Estate, already holds 49% of the shares. It will be difficult for Qiu Debao to successfully acquire the company."

“Will the stock price fall?”

The announcement of Zhaoan Real Estate Company caused a significant impact. Those shareholders were worried that the stock price would fall back to its original level, so some shareholders began to respond to the acquisition plan of Luo Fuqi and his son's financial company and registered to sell the Zhaoan Real Estate Company shares under their names.

There are also many shareholders who do not believe that the stock price will fall, or who believe in Luo Qihong's management ability. After all, it only took more than a year for Zhaoan Real Estate Company to increase its market value from tens of millions of yuan to 12 billion yuan under Luo Qihong's leadership.

If Luo Qihong were given more time, the market value and asset value of Zhaoan Real Estate Company would definitely be more than the current 12 billion yuan.

Cheng Jianshen saw that this news was beneficial to him, so he asked people to publicize "the great benefits of having Luo Qihong run Siu On Real Estate Company" in the four major stock exchanges and to speak ill of Khoo Teck Puat, saying that Khoo Teck Puat was from Southeast Asia and had no deep understanding of the real estate situation in Hong Kong. If Siu On Real Estate Company was handed over to him, it would most likely become increasingly unsuccessful.

At the same time, under Luo Qihong's manipulation, rumors about Kuo Teck Puat spread in Hong Kong, saying that Kuo Teck Puat could not hold on for much longer. The directors of both Maybank and Brunei Bank were very dissatisfied with Kuo Teck Puat's crazy behavior.

The directors of the two banks are colluding to replace Kuok Teck Puat, the person in power, and cut off Kuok Teck Puat's source of funds.

Just before the stock market closed that afternoon, the share price of Zhaoan Real Estate Company fell to 13.4 yuan, a drop of 1 yuan. However, most shareholders did not continue to sell their shares, but instead believed in Luo Qihong's management ability.

Although the financial company of Rothschild & Sons has not announced the failure of the acquisition, in fact the acquisition has already failed, but it has not been admitted.

Siu On Real Estate Company Office

Luo Qihong sat happily on the leather seat, listening to the work reports of a group of senior executives.

"Before the close of today's market, stocks of many companies appeared on the stock market. It is suspected that they were sold by the financial company of Luo Fuqi and his sons. This is also one of the reasons for the decline in stock prices," said Cheng Jianshen.

"I'm afraid that Qiu Deba, this dragon that has just crossed the river, will be covered in bruises at the hands of the boss." Chen Zhilong took the opportunity to flatter him.

Luo Qihong smiled and said, "You underestimate Qiu Deba. This old guy never really wanted to acquire Zhaoan Real Estate Company from the beginning. He just wanted to use my name and the name of Zhaoan Real Estate Company to make his name in Hong Kong. Now his goal has been achieved."

"However, the other purpose could not be achieved. Losing some money should not be a big deal for this tycoon."

"If he loses, won't it damage his reputation?" Kang Wenyi said doubtfully.

Luo Qihong glanced at Kang Wenyi and laughed, "Qiu Deba is a dragon from across the river. He has a great reputation in Southeast Asia, but what kind of reputation can he have in Hong Kong? So even if he loses, what loss will there be in his reputation?"

"On the contrary, the name of Khoo Teck Puat will be remembered by Hong Kong people. This is his first step to enter Hong Kong. Next, he should really acquire a listed company and then raise the stock price."

The senior executives nodded, it seemed to be the case.

Luo Qihong said, "It is also beneficial for us, as it will further promote the reputation of Zhaoan Real Estate Company and facilitate the subsequent fund-raising and share offering."

Hearing this, Cheng Jianshen raised his doubts and said, "Boss, the current market conditions are not very good. It may be difficult to raise funds through offering shares. Can we wait a while?"

Luo Qihong shook his head. "We can't wait any longer. The situation in the city will get worse and worse. After reaching the peak in the middle of last year, it has been falling all the way and is still not getting better. If a crisis comes, our plan will really come to nothing."

"I'm worried that shareholders won't respond and that it will damage the company's hard-earned reputation. Many real estate companies are already experiencing problems to varying degrees, and banks have reduced their loan amounts," Cheng Jianshen explained why he made such a suggestion.

Although he was doing it for the good of the company, he was, after all, rejecting the boss's decision. If he was disliked by his boss, it would really be a loss.

"It's true that the market conditions are not good, but we still have to act according to the plan. This is the best for Zhaoan Real Estate. If there are problems with fundraising and share issuance, I will let my subsidiary companies take over those shares." Luo Qihong waved his hand and stated plan B on the spot.

(End of this chapter)