Hong Kong 1980: The Savage Era

Chapter 217 [Guarantor]

Kang Wenyi replied, "There is a conflict between Director Chen and Manager Cheng, which has affected many employees of the company. As for what caused the conflict, the employees have many versions of the story privately."

Hearing this, Luo Qihong chuckled, seemingly not caring at all. "Why? Did it affect you too?"

Kang Wenyi was silent for a moment, thinking about whether to say yes or no, but his silence let Luo Qihong know the answer.

"Okay, I'll make them tone it down." Luo Qihong turned his face and said seriously, "But Manager Kang, you are also a senior executive of the company, so don't be so evasive. Office struggles have been going on for a long time, and there are very few people who can stay out of it."

Kang Wenyi was slightly startled, and suddenly he realized, yes, how could the boss not know? Otherwise, how could he be in charge of Zhaoan Real Estate.

"Since you can be transferred to Zhaoan Real Estate Company, you are not an outsider, nor someone who is untrustworthy." Luo Qihong gave Kang Wenyi a reassurance. "The development of the company requires everyone's joint efforts, and does not need people who just eat and wait for death."

If Kang Wenyi still doesn't understand what Luo Qihong means at this time, then he has wasted more than ten years in the workplace.

"Yes! I know what to do." Kang Wenyi nodded heavily.

When Luo Qihong had thought about this matter, the phone rang again.

Soon, the call was transferred and it was Li Zhaoji on the other end.

In fact, Li Zhaoji knew that he had no choice at all, because Luo Qihong only needed 16% of the shares to join the board of directors of the electric light company, and if the situation was disrupted, the only one who would suffer the loss would be him, Li Zhaoji, and definitely not Luo Qihong.

After hanging up the phone, Luo Qihong sneered and said to himself, "I can't let you slip away this time, otherwise there may be no chance later."

Luo Qihong knew very well that once Li Zhaoji gained control of the electric light company, he would enter a dormant period and desperately develop its real estate instead of actively expanding other industries, so it would be difficult for him to have the opportunity to restrain Li Zhaoji again.

If the wild horse runs loose, Luo Qihong is very worried that it will create a hidden danger for himself, so he must be careful in everything he does in the future.

After entering May.

Zhaoan Real Estate Company launched a new round of fund-raising and share offering plan, offering 2 share for every 1 shares, with a total fundraising of 4 million yuan.

Of the total, 3 million yuan will be used to repay the loan of Zhaoan Real Estate Company, and the remaining 5 million yuan will be used to acquire high-quality properties. If nothing unexpected happens, the acquisition will be completed within 5 months.

Due to the good operating conditions of Zhaoan Real Estate Company, a lot of good news was released last year. Last year's total profit exceeded 3 million yuan. In the impression of small shareholders, Zhaoan Real Estate Company is worth investing in.

As a result, small shareholders responded positively and the funds were raised in just two weeks.

If there was any setback, it was that private shareholder Qiu Debao did not agree to raise funds for share issuance. Luo Qihong could only let Zhaoan Real Estate Company issue that part of the new shares to complete the fundraising plan.

After receiving the cash raised, Luo Qihong immediately asked Zhaoan Real Estate Company to repay the loan. As for the remaining 5 million yuan of acquisition funds, Luo Qihong did not plan to acquire the property immediately, but he would not deceive small shareholders.

After all, this deadline can be delayed until November, when the big crash will have already begun. Even if it does not hit the bottom, the number of acquired properties can be doubled.

Today, Zhaoan Real Estate Company has a debt of 1 million yuan, and its debt ratio is less than 4%, which allows it to withstand a major crash. In addition, it has more than 12 million yuan in funds on its books, not including the remittances from Li Zhaoji to two small commercial buildings in Causeway Bay.

Such funds can be used to buy at the bottom during a major crash.

a few days later
There was also news from Luo Qixing that he had successfully acquired a company called Xingjiang Printing, with a market value of 2 million yuan, while Feng Tianzhang of Tianzhang Printing was still thinking about asking for a sky-high price. This acquisition was still carried out in the form of a loan, of which 90% was a loan of 6 million yuan.

However, this expansion also exhausted all the funds accumulated by Shengyun Printing Company, but Shengyun Printing Company's assets successfully exceeded 10 million, and it entered the ranks of medium-sized companies in the printing industry.

Luo Qixing was very excited when he heard the news, even though Shengyun Printing was still in debt of more than 3 million.

Dean Securities Investment Company
"Have we sold all our investments in the stock market?" Luo Qihong took a sip of tea and asked Bai Jinyan.

Bai Jinyan responded, "Most of the stocks have been sold, and I still hold some blue-chip stocks."

"Choose a suitable time to sell them all. Also, the shares held in Zhaoan Real Estate Company must be reduced to 8% before August." Luo Qihong wanted to make some money back for De'an Company. After all, a lot of money was spent on fundraising and share offering.

Bai Jinyan asked tentatively, "Do you want De'an to hand over the control of Zhao'an Real Estate?"

Luo Qihong shook his head and said, "No, there is no difference between De'an controlling Zhao'an Real Estate and me directly controlling it. I just want De'an to have more cash flow."

"Well, but if the shareholding is less than 35%, there will be a risk of a full takeover if we increase our holdings in the future. Otherwise, we will also be warned by the Securities Regulatory Commission." Bai Jinyan said, "Our lives will be difficult in the future."

"Don't worry, as long as we launch a full acquisition in Wangshi, those small shareholders are unlikely to respond positively, and the full acquisition is likely to fail. At that time, increasing holdings will be a natural thing, and the Securities Regulatory Commission will not cause trouble for us." Luo Qihong explained.

Bai Jinyan felt that Luo Qihong's words made some sense, but unfortunately it was still very risky. She was worried that she would make things worse, so she continued to persuade him, "In fact, there is not much difference between 34.9% and 35.1%, but holding 35.1% will make it easier for us to increase our holdings in the future."

Luo Qihong smiled and didn't want to argue with Bai Jinyan about the 0.2% shareholding. "Let's do as you say. Let's keep the extra 0.2%. The company will keep a small amount of working capital and transfer most of it to the branch in Japan. The Japanese stock market can make a lot of profits for us."

"I'm already doing it. It will take some time to transfer all the funds and buy them in."

"How's our work in helping the branch office find clients going?" Luo Qihong asked, biting a cigar.

Bai Jinyan looked at Luo Qihong, who was surrounded by smoke, and said, "It is still difficult to open up the customer market in Japan. The Japanese don't like newly opened securities companies. Most of them are willing to operate in the trading hall. As for the resources of those big customers, we don't have them at all."

"However, the number of clients we are looking for in Hong Kong has increased dramatically. Currently, the client funds in the Japanese market have reached HK$2 million, providing us with a 1% commission, which is HK$5 million. This commission is still increasing and is expected to increase to HK$1 million by July."

Luo Qihong nodded and said, "The Japanese stock market is booming and there is no possibility of a decline for the time being, so there is no need for the branch to keep too much money in the account. Most of it should be invested."

"Well, I see." Bai Jinyan thought for a moment and said, "Recently, Li Bingjun from Hongpu Real Estate Company has been very helpful to us and introduced us to many clients. So she made a request, hoping that the company could serve as a guarantor for her family's loan."

"." Luo Qihong was a little stunned, wondering what Li Yude and his daughter wanted to do? He was not worried that the Li family could not pay it back, after all, Hongpu Real Estate Company was there and could pay off the debt, but that their behavior was a little strange.

"They want to redeem the family business that they sold before, the ginseng factory, which requires about 7 million yuan in funds." Bai Jinyan saw this and explained, "The ginseng factory's business has been much better recently, and the profit has almost doubled, so they want to take it back."

"Have you checked the source of this loan?" Luo Qihong knew that a new round of bank bankruptcies would soon break out. If Li Yude really couldn't pay it back, wouldn't he suffer a huge loss?

"I've checked. It's a loan from HSBC. The amount of funds is 7 million yuan, and the interest rate is calculated at 5%." Bai Jinyan said.

(End of this chapter)