Hong Kong 1980: The Savage Era

Chapter 218 [Everyone Must Cooperate]

Luo Qihong continued to ask, "Just because Li Bingjun introduced so many clients to us, should we be their guarantors?"

Facing Luo Qihong's fiery gaze, Bai Jinyan's eyes flickered. If she said that this guarantee did not involve any personal feelings, she herself would not believe it.

There are no benefits to having a guarantor, only disadvantages. If problems arise, the guarantor will be needed to repay the loan.

Bai Jinyan nodded and said, "There is indeed some personal sentiment involved. The market value of Hongpu Real Estate Company is not bad, so it should be able to be repaid. The possibility of accidents is very low."

"What if the market value of Hongpu Real Estate plummets? What if it drops by half? They may not have the money to repay."

Bai Jinyan retorted, "Yes, Li Bingjun's family has a fund of 4 million Hong Kong dollars in the Japanese stock market. According to the current growth trend, it will not be a big problem to double it, and it can be repaid."

Luo Qihong didn't want to make things difficult for Bai Jinyan, he just warned her not to act on her emotions. This was a business, and the benefits had to be judged from a business perspective, not as a reason to cause losses to the company.

"Okay, De'an Company can act as a guarantor, but we need to pay special attention to the funds they have in the Japanese stock market, and let Li Bingjun continue to introduce clients to the branch." Luo Qihong would certainly not give up the role of the Li family.

"Yes, I understand!" Bai Jinyan asked in an instant, "Should we remind Li Qiqi to transfer her investment with us?"

Luo Qihong had a very interesting look on his face. He hadn't seen Li Qiqi for some time. Her investment in De'an Company had exceeded 1 million yuan, approaching 2 million yuan, which had doubled.

It would be a lie to say that Luo Qihong didn't want to cut off the entanglement, but this woman might not be willing to let go easily, and he was also worried that something strange might happen.

"Notify her and tell her that this is a normal reminder from the company and has nothing to do with me." Luo Qihong was not worried at all that Bai Jinyan would know about these relationships, and this was just the right time to let Bai Jinyan give up.

Bai Jinyan naturally understood what Luo Qihong meant, but she had come into contact with many wealthy people and knew that very few of them did not cheat. Luo Qihong's advantage was that he knew her inside out, was young and handsome, and was a self-made man, which made him many times better than those second-generation heirs.

Soon, Luo Qihong came to the China Gas Company and summoned a group of senior executives for a meeting.

"Mr. Luo, this is the sales report we just obtained for the electric water heaters and other electrical appliances under the electric light company." said Resk, the sales manager.

Luo Qihong nodded and began to read the report. The Fortress Electrical Appliance Company, a subsidiary of the Electric Light Company, manufactured a series of household products such as electric water heaters, electric kettles, electric woks, etc., which are now being actively provided free of charge in Hong Kong Island. Citizens only need to prove that they live in Hong Kong Island and provide a deposit of 5 yuan.

This is a clear scheme. It seems that Fengze Electric Appliance Company is losing a lot of money, but in fact the electric light company can obtain objective electricity charges. For example, an electric water heater consumes 18 degrees of electricity per hour.

This also seized the market of China Gas Company. Originally, many living habits were closely related to gas smell, but now the electric light company came to make trouble and snatched away the market.

Of course, this has a huge impact on China Gas Company.

"Although the electric light company only sells in Hong Kong Island, it has already taken away about 7% of our market share, resulting in an annual loss of 2 million yuan in profits, and this share is still increasing."

"Should we lower the price of gas to respond to the provocation of the electric light company?" a senior executive suggested.

Luo Qihong did not answer and continued reading the report. He knew that once the price was lowered, it would be difficult to raise it back up. Even if it could be raised back up, it would be met with criticism and would seem to be of no help.

Moreover, the electric light company plays a very clever trick, enticing citizens to buy electrical appliances in disguise, thereby increasing electricity bills.

"The price of gas cannot be reduced, otherwise it will be difficult to raise it back in the future." Luo Qihong said calmly.

The senior management of China Gas Company has been reorganized by Luo Qihong. Now, we can see that the ratio of Chinese to foreigners in the senior management is 50-50, but foreigners still occupy more important positions than Chinese.

Of course, Luo Qihong also wanted to make the number of Chinese in the senior management higher than that of foreigners, but for now, it needs to be done gradually. After all, the China Gas Company still needs to be stable and cannot be in turmoil for a long time. The senior management were all thinking about how to defeat the electric light company, but unfortunately they could not come up with a good solution.

The strength of the Electric Light Company was originally much stronger than that of the China Gas Company, otherwise it would not have initiated a takeover of the China Gas Company. Now that it has climbed onto the big tree of the Hong Kong Land Company, its style has become even more domineering.

Seeing that the senior executives had no reaction, Luo Qihong said, "Let the manufacturing company under our company start to vigorously produce gas stoves. We will also give them to citizens for free. And it is not limited to Hong Kong Island. We can also sell them in Kowloon City."

"We don't charge a deposit. We just need residents to sign an agreement with us to ensure that their homes or shops use no less than a certain amount of gas per month."

"What if it doesn't meet the standards? What should we do? Should we impose a fine or take back the cash from the sale price of the gas stove?" the Chinese executive asked, wanting to show off in front of Luo Qihong.

"No, this will easily make the citizens rebellious. If the standards are not met, we will first warn them. If they cannot meet the standards next month, we will take back the gas stoves and ask the residents to pay a small depreciation price for the gas stoves." Luo Qihong looked around at the senior executives and smiled, "I think this plan is easier for residents to accept."

Many senior executives' eyes lit up. This was a good idea. The losses to their subsidiaries would not be too great, and it would also promote gas usage and regain market share.

"Does this plan need to be submitted to the board of directors for a vote?" asked Finch, deputy manager of the transportation department.

Luo Qihong waved his hand domineeringly, "No need to go through the board of directors. If everyone thinks this plan is good, we can implement it immediately. As for the board of directors, I will handle it."

You have to know that more than half of Hong Kong's population lives in Hong Kong Island and Kowloon city. The plan of giving away gas stoves for free requires a lot of money to be paid in the early stages, which can easily alarm the directors of the board of directors.

"Then what is the appropriate standard for our gas usage?" asked Resk.

Luo Qihong smiled and said, "This standard requires you to discuss it carefully. I hope that most residents can accept this standard, and we can quickly earn back the cost of the gas stove. Let's book it for three months. What do you think?"

The conference room suddenly fell silent. Three months seemed a little too short, but if it was too long, it would be hard to bear the loss of capital.

Seeing this, Luo Qihong gave in and said, "Four months at most. Who can carry out this plan?"

Still no one responded, so Luo Qihong increased the reward: "Anyone who can do it can be promoted to the next level in their original position, and those who cannot be promoted can get a 50% salary increase."

"And during these four months, if you encounter any department coordination problems, you can come to me directly without having to report to your original supervisor."

When this was said, the senior executives' eyes widened. Not only were there practical benefits, but there was also a "pie in the sky" to be reaped.

Being able to come into contact with Luo Qihong will be of great benefit to your future promotion.

"Mr. Luo, I'm willing to give it a try." A senior foreigner raised his hand and stood up.

"Great! It turns out that there will always be brave men under a big reward!" Luo Qihong said with a smile, "You can propose conditions, including the deployment of your subordinates."

"I want the staff from my original department to work with me on this plan." The foreigner Lis said seriously.

"OK! The HR department will cooperate with Lis." Luo Qihong restrained his smile and said, "Everyone should cooperate with Lis's work. This is the company's major plan."

"If the Electric Light Company succeeds in its provocation, it will be difficult for China Gas to regain its original market share. This also affects everyone's income, so I hope everyone will take it seriously."

Luo Qihong then moved on to the next topic, which was about the increase in natural gas prices in the international market.

(End of this chapter)