Hong Kong 1980: The Savage Era

Chapter 223 [No grudge between father and son lasts overnight]

The next morning
Properties on the market have seen large-scale price cuts, falling to 8% of yesterday's price, with an average price reduction of 1%, causing panic among real estate developers and speculators. It is foreseeable that the real estate market will continue to fall and has not yet reached the bottom.

Siu On Real Estate Company Office

Kang Wenyi, Cheng Jianshen and Chen Zhilong came together. Although they were all in full swing with each other, now was a difficult period. Fighting among themselves would not benefit anyone. Instead, it would disgust the boss and make him the first to be eliminated.

"Boss, this is a freshly-released investigation report. It is a summary of phone messages, so it may be a bit messy." Chen Zhilong said very seriously.

Luo Qihong raised his hand, indicating that there was no need to worry about it. It was already very difficult to submit a relatively true report in just a few hours.

The report is only two pages long, but it conducted a preliminary investigation of some key areas in Hong Kong Island, Kowloon City and Tsuen Wan District. Among them, property prices in Hong Kong Island are still stable, while property prices in Kowloon City have fallen slightly, about 2%, and Tsuen Wan District has seen a large-scale plunge, with a drop of more than 5%, and some even saw a 1% drop in price, just to get a quick return on investment.

"The boss was wise and let us sell the property in advance. Not only did we not suffer a loss, but we made a lot of money." Chen Zhilong took the opportunity to flatter him and said, "Now our colleagues are trembling in fear, thinking about how to solve the bank loans and the property prices that have plummeted."

"Boss, the company has sufficient funds. When should we start to buy at the bottom?" Cheng Jianshen turned a blind eye to Chen Zhilong's flattery. Based on his understanding of the boss, what the boss needs is talent with sufficient ability, not a flatterer.

Luo Qihong put down the report, calmed down for a moment and said, "This negotiation has just begun. There is no rush to buy at the bottom. What we need to do now is to acquire the established targets."

Then he took out a document from the drawer, handed it to Chen Zhilong, and said, "Mr. Chen, hurry up and collect information about the companies in the report. I want to attack them when they are at their weakest."

Chen Zhilong opened the report in confusion, and the name of Huaguang Real Estate Company was clearly listed. "Okay, I will come to report the status of these companies to you every day."

I have to say that Chen Zhilong is very smart and knows what his boss Luo Qihong is thinking.

Cheng Jianshen thought for a moment and asked, "Is Legu Real Estate Company also involved?"

Luo Qihong nodded and said, "Yes, but Mr. Chen, the information we are looking for from Legu Real Estate Company is mainly to find out whether Cui Baiquan has any intention to sell the company, not other developments of Legu Real Estate Company."

"In the case of Huaguang Real Estate Company, I think the focus is still on the Zhao Congyan family, and the Zhao Congyan family is obsessed with shipping, so the focus should be Huaguang Shipping Company. What do you think, boss?" Cheng Jianshen analyzed.

Luo Qihong nodded and said, "Well, focus on Huaguang Shipping Company. As for Jianing Company, pay attention to the confidence of shareholders in it."

"Everyone please work hard these few days. Once the situation is basically stable, we will make up for the holiday." Luo Qihong comforted him, "Today's overtime will be paid at three times the salary."

Hearing this, the three executives also smiled. This is a rare benefit in the company.

"thank you boss!"

Lee Yu Lung Residence

Li Yulong and his son Li Jiafeng were sitting there with sad faces. Their desks were littered with documents containing only some tabular data.

"Dad, what should we do? We own four commercial buildings, and we still owe the bank more than 4 million in loans. We need to repay nearly 3 in interest every month. We won't be able to bear it soon." Li Jiafeng said fearfully.

"What can we do? We can only consider ourselves unlucky and repay the bank loan even if we have to make a loss." Li Yulong answered rather angrily.

Li Jiafeng sighed and said, "It will be difficult to sell if the loss is too small. If the loss is too large, it will have a great impact on us."

"Big impact?" Li Yulong suddenly laughed. "It's good enough that we can hold on and not go bankrupt. What else do we want to do? Reduce the price by 3% and sell all four buildings."

Li Jiafeng was slightly shocked. A loss of 3% would mean a loss of nearly 2 million yuan, which is not much different from the company going bankrupt.

"What if those uncles don't agree?" Li Jiafeng was reluctant, so he threw out the difficult question.

"Tsk! We can't even protect ourselves, why should we care about them? If they don't agree, I can sell our interests to them at a 3% discount." Li Yulong had witnessed the big crash in 73 and was already scared.

"Well, then I'll go spread the news." Li Jiafeng said dejectedly.

"Go!" When Li Jiafeng stood up, Li Yulong suddenly thought of something and asked, "I remember that Luo Qihong's elder brother Luo Qixing also bought a lot of properties in the past few months. How did they deal with it?"

Li Jiafeng was stunned for a moment, then shook his head dully and said, "I don't know, but it's very easy to investigate."

"Go check it out quickly." Li Yulong still felt that Luo Qihong would be able to deal with it, and it was impossible for him to just leave Luo Qixing alone.

after an hour
Li Jiafeng came back from outside and reported, "Those properties are also being sold urgently, and the price has been reduced to 5%. Many buyers have already come in."

Li Yulong took a deep breath and said, "It's really cruel. It seems that this plunge is impossible to stop."

"Announce to the public that all our interests in the building are being sold at half price, and we must act quickly."

Although Li Jiafeng had fallen out with Luo Qihong, he still respected Luo Qihong's vision. He was also scared. This downturn was coming with great force.

At the same time, Lin Zuhui's family villa
When such a crisis struck, Lin Zuhui had to reappear in public to stabilize people's hearts.

Lin Zuhui has been running Haofeng Real Estate Company for many years and is familiar with the ins and outs of the business. He discovered the trick as soon as he checked the accounts.

A lot of properties were sold, but the funds in the account were pitifully small. People were sent to investigate secretly and immediately discovered Xu Jiawen's whereabouts.

"Tell me, what's going on?" Lin Zuhui asked with a gloomy face and a voice as low as a roar.

Xu Jiawen and her son lowered their heads, not knowing how to respond. "Your mommy doesn't dare to say it, you say it yourself." Lin Zuhui stared at Lin Luoqi.

Lin Luoqi plucked up his courage and complained, "Dad, don't you know? What else do you want us to say? I was the one who turned Yiren Real Estate Company from loss to profit. Didn't you also kick me out of Yiren Real Estate Company, Dad?"

"I am just taking back what I deserve now. Are you feeling bad? These properties are not enough compared to Yiren Real Estate Company."

Xu Jiawen was slightly surprised. When did her son become so brave? This really spoke out her true feelings.

Lin Zuhui was so angry that he stood up and pointed his finger at Lin Luoqi, but he couldn't utter a word.

Because what Lin Luoqi said was true, he was indeed a little biased at the beginning. He had originally wanted to help his younger son acquire a listed company, but unfortunately Lin Luoqi had already acquired the Best Real Estate Company at that time, so it was delayed.

Xu Jiawen was very perceptive. Seeing this, she quickly stepped forward to help Lin Zuhui calm down and scolded Lin Luoqi in a low voice, "How do you talk to your dad? Why don't you apologize?"

Lin Luoqi turned his face away, but his breathing could be heard clearly.

Xu Jiawen also pretended to be calm and took the opportunity to help Lin Zuhui sit down, "Don't be angry!"

Xu Jiawen knew very well that the stock market and the local market were plummeting, and if she wanted to clear the deficit, she still needed Lin Zuhui's help, otherwise the mother and son would be in real trouble.

Lin Zuhui sat down and glared at Xu Jiawen fiercely. He knew that without Xu Jiawen's help, Lin Luoqi would not dare to do this and did not have the strength to do so.

"Haofeng Real Estate Company doesn't just belong to ours. If you're discovered doing this, you'll go to jail." Lin Zuhui said with some regret.

"At worst, I can sell Best Real Estate Company at a low price. I don't believe that I can't raise the money to pay off the debt." Lin Luoqi still said stubbornly.

"Shut up! If you make your daddy mad, I won't let you go." Xu Jiawen shouted coldly.

So Lin Luoqi shut up, but still felt a little unconvinced.

Ten minutes later, Lin Zuhui realized that the mother and son were acting, but he could do nothing about it. After all, he was his son, and what he had done before was indeed unfair.

"How do you plan to handle this matter? Tell me!" Lin Zuhui asked Xu Jiawen.

Xu Jiawen was silent for a moment, then replied, "Now we can only sell those properties to fill the hole, otherwise it will be very troublesome."

She comes from a finance background and knows the hidden legal dangers involved.

"Sell part of it, the family will take over part of it, and you will take on part of it. That's it." Lin Zuhui sighed, "Get these things done as soon as possible. The board meeting of Haofeng Real Estate will be held soon. Those shareholders will check the accounts. If they are discovered, they will have to pay a greater price to settle it."

"After a while, you should resign and go to help out at Best Property Company," Lin Zuhui added.

Xu Jiawen was naturally unwilling and wanted to argue and plead, but Lin Zuhui comforted her and said, "Luo Xun and Luo Shi will also leave Haofeng Real Estate, and they will completely take over Yiren Real Estate Company."

Xu Jiawen smelled something unusual, but could not figure out Lin Zuhui's intentions or plans.

"What about Haofeng Real Estate? Who do you plan to put in charge of management?" Xu Jiawen asked.

Lin Zuhui said, "Don't worry, you still have a share in Haofeng Real Estate, and it will not be less than the two brothers Luo Xun and Luo Shi. You will know why in the future."

Xu Jiawen was still a little worried, but she knew it was time to stop. Pushing too hard would only backfire.

Lin Zuhui glanced at his younger son who was still resentful, couldn't help but sigh, and then left alone.

There have always been conflicts among wealthy families, but Lin Zuhui did not expect it to be so fierce.

The mother and son came to the room, which was Lin Luoqi's room.

"Just do what your father said about this matter. He won't harm you at this time." Xu Jiawen said with some softness in her heart.

"Yeah!" Lin Luoqi nodded. "Mommy, how do you think Daddy will deal with Haofeng Real Estate?"

Xu Jiawen thought carefully for several minutes and responded, "It is very likely that Haofeng Real Estate will be liquidated and divided equally among you brothers. Otherwise, Yiren Real Estate Company will not be completely handed over to Lin Luoxun brothers."

Lin Luoqi still felt that he was at a disadvantage. Why should he split the profits equally? He had run the Best Real Estate Company with his own hands, and he had also turned the Yiren Real Estate Company from loss to profit. Lin Luoxun and Lin Luoshi had also taken advantage of the situation.

"Is there any way for us to take over Haofeng Real Estate?" Lin Luoqi asked.

Xu Jiawen shook her head dejectedly. "It's basically impossible. Your dad is already very wary of me. He wants to remove me from Haofeng Real Estate, unless I can change my dad's mind."

Lin Luoqi seemed to have guessed what Xu Jiawen was thinking, and said unhappily, "I'm not going to apologize. If he hadn't kicked me out of Yiren Real Estate Company, I wouldn't have to do this."

Xu Jiawen walked over and hugged Lin Luoqi's shoulders, comforting him, "Silly boy! What's the point of admitting your mistakes to your own dad? In fact, when you were running the Best Real Estate Company, your dad also helped you a lot in secret."

Lin Luoqi hesitated and turned his face away. Seeing this, Xu Jiawen continued to persuade him.

(End of this chapter)