Hong Kong 1980: The Savage Era

Chapter 21 021 [Type B Official Letter Land Exchange Certificate]

The next morning, Luo Qihong went to the law firm again to handle other transfer procedures. After confirming that the transfer was successful, he came to the theater, gathered the theater's four employees, and told them that the theater was going to "close" and he would compensate each of them with one month's salary.

Unexpectedly, these four employees were very happy after losing their jobs. After learning more about the situation, they found out that Li Jiaming had owed them two months' salary, and now the new boss could compensate them.

Luo Qihong's mouth twitched. This guy Li Jiaming was really a bastard. Although the amount of money was not much, it was a bit disgusting. So he hurriedly looked through the theater's financial documents. There was only 2180 yuan in the account, which was not enough to pay two months' salary for four people.

He could only pay the employees' unpaid wages from his personal wallet. Fortunately, the amount was not large and he only lost 5 or 6 yuan.

This business deal cost Luo Qihong 81 yuan in cash. According to his idea, the theater would need more than yuan for renovation, and he didn't know whether the funds left in his bank account were enough.

But since the job had already been done, Luo Qihong could only go ahead and do it.

So Luo Qihong hurried to Causeway Bay, found Yang Mingkun, and repeated his request.

Yang Mingkun pondered for a moment and said, "Last time, we just scraped the surface and painted the office building. This time, we have to demolish the building, redecorate it, and re-lay the wiring and water pipes. The workload will be doubled, at least 8 yuan."

Hearing this, Luo Qihong was a little surprised. This seemed unexpectedly cheap. He thought it would cost hundreds of thousands of dollars for the project.

But he didn't pretend to be rich. He responded to Yang Mingkun and said, "Okay, I'll give you 8. How long will it take?"

Yang Mingkun thought for a moment and said, "About half a month. I will definitely hand over the shop to you before December."

Luo Qihong smiled and said, "Okay, then let's go to the law firm to sign the contract. It's still the same old rules. I'll pay you 30% first, and then I'll pay you another 30% in the middle of the project, and the rest at the end."

Yang Mingkun nodded and said, "No problem!"

After the contract was signed, Luo Qihong and Yang Mingkun went to the bank and wrote a check for 2.5 yuan to Yang Mingkun.

At this point, there was only 12.5 yuan left in Luo Qihong's personal account. He did not plan to invest the money in the stock market, but to keep it as a reserve fund.

Back to Hehong Real Estate Company
Guan Jiahui approached stealthily and asked tentatively, "I heard that you reached a deal with the customer yesterday. I was the one who received the customer. Should the commission be counted as mine?"

Luo Qihong smiled and said, "Besides reception, what else do you do? What do you need to do to sell the house normally?"

Guan Jiahui felt that Luo Qihong was playing tricks on her, so she snorted and said, "I don't care, you have to pay my commission anyway."

"This is so unreasonable. I have done the work for you. It is not fair to ask for money now." Luo Qihong was in a good mood and did not want to continue teasing Guan Jiahui. "Forget it, I will be merciful and give you a commission of 300 yuan."

"Thank you, Mr. Luo!" Guan Jiahui can get a 10% commission, and Luo Qihong calculated the commission for this business to be 3000 yuan.

Guan Jiahui thought about it, turned around and reminded, "I heard that the theater shows pornographic films. It should be difficult to make money from showing movies. You should think about doing some other business. Or you can use it as our store. It's not far from here anyway."

Luo Qihong nodded and said, "Yes! I understand."

In the morning, Luo Qihong was busy and had no time to read the newspaper. Now that he had some free time, he sat on the sofa, reading the newspaper to learn about what happened yesterday.

Luo Qihong raised his eyebrows and said to himself, "Aren't the nine subway station property development rights bidding cases a joint project? Why did the Tin Hau subway station project get released first?"

The newspaper published a tender for the property development rights project of the Hong Kong MTR Corporation for the Tin Hau MTR station. The application deadline is December 12 and the tender documents will be submitted on December 3.
Did he remember it wrong?
Luo Qihong fell into deep thought. The property development rights of a subway station could only increase the share price of Hang Lung to a certain extent. "Forget it, I'll make a little money. It's better than investing in other Chinese companies." Luo Qihong sighed.

There were not many takeovers in Hong Kong in the early 80s. The stock market seemed to be booming, but in fact the stock price did not rise much. It took a long time to get huge profits, but Luo Qihong wanted to get rich quickly.

As for the business of burning down office buildings, it is something that can only be encountered by chance, so Luo Qihong did not dare to pin his hopes on such vague luck.

Then another article caught Luo Qihong's attention. This article described the popularity of Type B official land exchange certificates in the Hong Kong market and how some residents in the New Territories used this to move into the city.

Luo Qihong remembers that since the late 70s, many companies have absorbed a large number of Type B official land exchange certificates to ensure that there is enough land for future development in the New Territories.

However, even if you can get a Type B official land exchange certificate and exchange it for land in the New Territories from the Hong Kong government, you are not sure what kind of land you can get. The Hong Kong government has always been cunning and will not use land with good locations to exchange for Type B official land exchange certificates. Those good lands are all used for official land auctions to increase the Hong Kong government's fiscal revenue.

"I can only rely on the memories of my previous life. There is a risk of loss, but there is no business without risks." Luo Qihong sighed. Even if this business incurs losses, the investment in the stock market will have a surplus and will not have a big impact on the original plan.

In fact, this was also Luo Qihong's attempt and understanding before acquiring the company. The current business scale is not large, and even if there are losses, they can be stopped in time. The most important thing is to accumulate valuable experience for the future development of the company.

Having made up his mind, Luo Qihong no longer weighed the pros and cons, but instead considered how to step into this business.

The New Territories is an area with many social organizations, and Luo Qihong is really worried that they will be "melted" (wiped out) by them, leaving nothing behind.

Causeway Bay

Luo Qihong approached Lu Song for two purposes. If you think carefully, one is the main one and the other is the auxiliary one, and they are related to each other.

"Mr. Luo, do you have any good business to bring to our shop?" Lu Song invited Luo Qihong to sit down, poured him a cup of bright tea, and had a smile on his face.

The last two-story office building in downtown Kowloon brought him hundreds of thousands of revenue. If he came a few more times, he could do bigger business. Lu Song felt that Luo Qihong was his benefactor, a very valuable one.

"There is a good business, but there are conditions. The theater on Tin Hau Temple Road in North Point has been converted into a shop with an area of ​​more than 800 square feet. I know Mr. Lu has been working in the real estate agency industry for a long time, so he should have channels to help me get a Type B official letter for land exchange certificate." Luo Qihong stated his purpose bluntly.

The shops on Tin Hau Temple Road in North Point were not very valuable, but it was certainly possible to make a little money. As for whether it was a converted theatre, Lu Song did not care, and he could not fool Luo Qihong.

But when it comes to the Type B official land exchange certificate, Lu Song looks melancholy and embarrassed, as if he is constipated.

"What's wrong? Is Mr. Lu in trouble?" Luo Qihong asked.

Lu Song glanced at Luo Qihong and said, "Mr. Luo, do you want to speculate on land or develop it yourself? To be honest, I have done this kind of business before, but the land I got in exchange was all in some corners and it was difficult to sell it at a high price. It can't be said that I lost money, but the profit was very thin, and I had to deal with those societies, which was really not cost-effective."

Luo Qihong had anticipated the difficulties that Lu Song mentioned. He thought he was different from Lu Song because he had memories of his past life and knew that those pieces of land would become prosperous in the near future, so he took action.

"I have thought about what Mr. Lu said, but I still want to give it a try, at least as a lesson." Luo Qihong said with a smile.

Lu Song knew that Luo Qihong didn't believe him, so he stopped trying to persuade him. "Okay! How many Type B official letters and land exchange certificates does Luo Sheng want?"

"2 square feet!" Luo Qihong raised two fingers.

(End of this chapter)