Hong Kong 1980: The Savage Era

Chapter 222 222 [The Big Crash is Coming]

"2 million yuan for a 4% stake is a bit too heavy," said Chen Zengjing.

"Grandpa Chen, I'm not taking advantage of the situation. You are very clear about the current electronics market situation. There are more than 1 electronics manufacturing companies in Hong Kong, and the competition is very fierce. I believe many companies need this capital."

"If you feel you are at a disadvantage, I can pretend that we have not discussed this matter now. You can go find some other sources of funds first. If it doesn't work, we can talk about it later." Luo Qihong said bluntly.

The one you are marrying is my elder brother, not me. And even if he is my elder brother, he cannot give too many favors.

In fact, the Chen family understood this logic, but they still believed that marrying their daughter to Luo Qixing was considered marrying down, and the Luo family must pay some price, otherwise the marriage would be meaningless.

Luo Qixing moved his lips and wanted to say something, but swallowed it back.

Before coming, Luo Qihong had already told him that this was 2 million yuan of funds, and there was not much need for favors, and this was a bottomless pit. If there was a first time, there would be a second time, so he needed to refuse from the first time.

Chen Yusan was also sitting nearby with an unhappy look on her face. No one mentioned her at all in their conversation, but she was always involved in the conversation. After all, she was the link in this transaction.

"How about 2% of 3 million?" Chen Zengjing said in a deep voice.

"35% minimum, this is my bottom line. If it's less than this, let's not talk about it to avoid hurting the relationship." Luo Qihong still made a concession.

Chen Zengjing was also a decisive person in the business world. He knew that if he dragged on, there would not be much change, so he agreed. "Okay, but I want a condition. When the Chen family's funds are turned around, I will redeem the 2% equity for 5 million yuan."

Luo Qihong smiled. For him, Jingmou Electronics was not a must-choose topic at all. There were plenty of electronics companies out there that could acquire it. "Okay, we can write these conditions into the contract to give everyone peace of mind."

He really didn't care about the mere 5 million in interest. The 2 million now was too useful. He could double it by buying at the bottom in the future. If it wasn't for Luo Qixing's face, he would never have extended a helping hand.

Seeing that the contract was negotiated, Luo Qihong said, "Grandpa Chen, I have a private trading company with business scope all over the world. Maybe I can help Jingmou Electronics sell products as soon as possible and recover funds."

Luo Qihong didn't want to wait for the Chen family to pay back the money and affect his big plan, so he had no choice but to help.

Chen Zengjing thought for a moment and said, "Let's follow the rules. Jingmou Electronics will trade with your trading company at the factory price. How about that?"

Luo Qihong nodded and said, "Okay, let's go by the market price. This way, the Chen family can redeem 35% of the shares quickly."

This can not only complete a trade deal, but also make it clear to the Chen family that I don't want 35% of your company's shares.

After lunch, Luo Qihong and Luo Qixing said goodbye.

In the back seat

"Ah Hong, will taking out 2 million affect the progress of your project?" Luo Qixing asked somewhat embarrassedly.

Luo Qihong thought carefully and nodded, "It does have some impact. Brother, favors are favors, but accounts must be kept clear."

"When dealing with the Chen family in the future, you must be business-like. My sister-in-law comes from a wealthy family and will understand these things. Besides, this is our family's asset and must be used with caution."

These words were undoubtedly a warning to Luo Qixing not to use family assets to do favors.

Luo Qixing said with embarrassment, "I know."

Chen Zengjing's family

All the male members of the Chen family gathered here, except Chen Yusan.

"Luo Qihong doesn't show any humanity at all. He is as domineering as the rumors say." Uncle Chen Beimou said in a deep voice.

Uncle Chen Qimou sneered, "Second brother's in-laws are really powerful. They are already being unkind before they even get married."

"Okay, why are you saying these things? Do you think my decision is bad?" Chen Zengjing glared at Chen Qimou sharply.

Chen Yongmou countered, "You also have a daughter who is of the right age. How about letting my third brother become the in-law?"

As soon as these words were spoken, Chen Qimou's face suddenly turned ugly. Everyone knew that his daughter was a female sea queen who had promiscuous relationships everywhere, and the Luo family didn't dare to have her.

"Do you want me to wait until you guys have finished arguing and the winner is decided before I talk?" Chen Zengjing said suddenly.

Suddenly the study became silent.

"Luo Qihong seems to be unkind, but in fact he has been kind. Didn't he agree to our unlimited redemption of the shares?" Chen Zengjing saw it very clearly. We are all businessmen, and we cannot suffer a big loss by being kind.

"What you need to do next is to urge the factory to produce a sufficient number of products as soon as possible and deliver them to Luo Qihong, so as to make as much money as possible and redeem the equity." Chen Zengjing instructed.

"Yes!" everyone said in unison.

"Also, we need to hurry up with Asan's marriage. Having Luo Qihong behind us will be of great benefit to us."

"Do we need to ask the newspaper to publish this matter?" asked my fourth uncle Chen Yimou.

Chen Zengjing thought about it, waved his hand and said, "No need, those people will know sooner or later, there is no need to rush, this will also leave some good impression on the Luo family."

Soon, her younger brother Chen Yucan was responsible for finding Chen Yusan and told her about the study. Although she expected the result, Chen Yusan still couldn't help but feel sad. After all, she was sold out like a commodity by her family. Fortunately, the Luo family was not bad. Perhaps this was another kind of compensation from God.

Luo Qihong's 2 million yuan arrived on the day the contract was signed, which made the Chen family very happy and the crisis was successfully resolved.

Friday, October 9

In the afternoon, the news that Iron Lady Thatcher had fallen in the Yenching Great Hall was transmitted back to Hong Kong in various ways, causing a great sensation.

In just one and a half hours, the Hang Seng Index plummeted 64 points, and investors were desperately selling their stocks.

When the market closes at 4 o'clock, investors are reluctant to leave the exchange as they know that a bigger decline will be brewing during the next two days of trading closure.

"This is terrible! I might want to jump off the building."

"It's all my fault for being too greedy. I should have thrown it away long ago. What should I do now?"

The shareholders of the exchange were wailing, and some of them waited to be expelled by the exchange security personnel before they remembered to leave the exchange.

Luo Qihong stood in front of the huge floor-to-ceiling window, overlooking the busy Victoria Harbour. He had already received the news about the Iron Lady's fall and the Hang Seng Index's plunge. In the next two days, it would be the turn of the local markets.

Although the negotiations were still going on, the Iron Lady's performance caused the situation to deteriorate rapidly. The wealthy were the most worried, fearing that their property would be confiscated and their life's work would be ruined.
Return home at night
Luo Qixing looked worried and hesitant to speak. Luo Qihong glanced at him and asked, "Just say it if you have anything to say. You have to say it no matter how long it takes."

Luo Qixing swallowed his saliva, sat next to Luo Qihong, and said, "Ah Hong, can you lend me some money?"

Luo Qihong put down the newsprint and said seriously, "How much do you need? And what's the reason?"

Luo Qixing hesitated for a moment. "I bought some properties in June. Although I have asked the agent to sell them now, even if I can sell them, I will still lose a lot of money, at least 6 million."

Luo Qihong sighed, he had clearly instructed Luo Qixing, but it still ended up happening.

The hole created was not big, but Luo Qihong still wanted to teach Luo Qixing a profound lesson.

Everyone thinks that real estate can make a lot of money, but there are not so many real estate businesses that have gone bankrupt, so the risk of real estate is not much less than that of the stock market.

"I have just given 2 million to Jingmou Electronics, and I don't have much money left. You should sell the properties first and recover some of the capital. The difference can be made up with the profits of the printing company." Luo Qihong said dejectedly.

The words echoed in Luo Qixing's mind. He was a little confused at this moment. Can't Ah Hong save me?
Luo Qihong still couldn't bear to scare Luo Qixing too much, so he said to him soothingly, "In a few months, I will have a large amount of funds returned, so you just have to hold on for the next few months."

Hearing this, Luo Qixing's ugly expression improved slightly, "Well, then I'll try to find a way to ease it first."

“The property must be sold quickly, 5% to 6% of the selling price will be fine, otherwise you will end up with a loss.” Luo Qihong explained.

Luo Qixing's face turned ugly again. He thought that reducing the price by 1% or 2% would be enough, but he didn't expect to suffer such a huge loss.

"We can still get back 5% to 6% now, but by the end of the year, we will definitely be stuck with it, and we won't even be able to get back 4%." Seeing this, Luo Qihong was worried that Luo Qixing would be reluctant to part with it, and in the end he would not be able to get back even the residue.

"Well, maybe Asan can help me." Luo Qixing accidentally said something.

Luo Qihong stared at Luo Qixing with wide eyes. He seemed to underestimate his future sister-in-law.

Luo Qixing was evasive and could only tell the conversation between him and Chen Yusan.

It turned out that Chen Yusan had contributed a lot to Luo Qixing's property speculation. Now the money has been lost, but Chen Yusan is still willing to use her own private money to help Luo Qixing settle the matter.

Luo Qihong's expression eased slightly. If Chen Yusan had not taken any subsequent actions, he really planned to ruin this marriage.

"Ask my future sister-in-law out, I want to talk to you about something." Luo Qihong said this and went to the kitchen to help, not wanting to pay attention to Luo Qixing, this loser.

What Luo Qihong didn't expect was that Luo Qixing actually asked Chen Yusan to come over for dinner.

The small study room after dinner
There was a plate of fruit on the desk with a few toothpicks stuck in it.

"Sister-in-law, you should know that I'm in the real estate business, and I have some judgment on the local market." Luo Qihong reached out and picked up a piece of fruit. "If you don't want to lose everything, it's best to sell it at a loss of half. You can also keep these properties, but you need to wait 2 or 3 years before you can sell them."

Chen Yusan blinked, thought for a while, and said, "Some of my friends said that the price won't drop too much, and maybe I can get back some of my investment."

Luo Qihong laughed and said, "Before the stock market crashed, many people were saying that the city would return to its glory days in 81. Unfortunately, the recovery was not seen, and instead, it ushered in a heavier decline."

"Except for the two buildings in Central and one building in Wan Chai, all other properties of my Siu On Real Estate Company have been sold off. But you can take a look again. Sheng Yun Printing Company should still be able to afford these interest loans."

Luo Qihong's meaning was very clear, the city could not be saved and would plummet 100%.

Chen Yusan was extremely calm and not at all anxious. In contrast, Luo Qixing became impatient and looked as if he was wondering "what to do".

"As long as you can withstand this wave of losses, you should be able to buy more properties when the market hits the bottom, and you can easily make back the money." Luo Qihong spread his hands and said, "Instead of holding on to it, it's better to be decisive."

If it wasn't necessary to hold Luo Qixing down and Chen Yusan could play a role, Luo Qihong wouldn't bother to say these things.

(End of this chapter)