Hong Kong 1980: The Savage Era

Chapter 231 [Profit Sharing]

Luo Qihong's career suffered a slight setback in real estate, but he developed his skills in gas energy, overseas stock markets and trade, and made considerable profits.

People like Gong Guoyan are just clowns on the corner of the plate and can't make any waves at all.

The market value and asset value of Siu On Real Estate Company have plummeted. Even if the market value of China Gas Company has increased slightly, it cannot make up for the decline of Siu On Real Estate Company. Therefore, Luo Qihong's net worth has actually decreased.

However, this is only on the surface. In fact, his wealth is rising rapidly and has exceeded HK$25 billion. It's just that some of his assets are hidden, making it difficult for outsiders to detect them all.

There are many Hong Kong tycoons whose net worth has risen like Luo Qihong, such as Cheng Yu-tung with gold jewelry and Li Jiacheng with the trade and manufacturing of Hutchison Whampoa.

These people were making a fortune quietly, and they were relatively confident that the mainland would not destroy Hong Kong. After all, in the 50s, the mainland had the power to take Hong Kong back, but unfortunately it did not.

The decline of the real estate industry has caused Hong Kong to lose its pillar industry, and a large number of overseas financial companies have also left with funds, leaving only manufacturing to barely support it.

Therefore, the manufacturing industry showed a significant revitalization at this time. For example, the sales of Jingmou Electronics Company of Chen Zengjing family increased dramatically, and of course Luo Qihong's Hexiang Trading Company also made a lot of profit.

Jingmou Electronics Board Meeting
There were only two directors in the meeting room, Luo Qihong and Luo Qixing, who were not members of the Chen family, and they seemed very alone and powerless.

But Luo Qihong specifically asked his future sister-in-law Chen Yusan to sit in the meeting room, and it seemed that the relationship between the two families became delicate.

Chen Zengjing wore gold-rimmed reading glasses and held a report, reading out, "Last month, that is, November's turnover increased significantly compared to October, with a growth rate of more than 11%. This is all thanks to the help of Xiao Luosheng's Hexiang Trading Company."

Bang bang! !
There was applause in the conference room and everyone had a smile on their face.

This also announced that the crisis of Chen Zengjing's family was over. The next thing to do was to make money to redeem the 35% stake from Luo Qihong and regain full control of Jingmou Electronics Company.

"The current American and European markets are in great need of VCRs, stereos, and computer peripherals, especially computer peripherals. If Jingmou Electronics can seize the opportunity, I think it will not be a problem for the company to go public next year." Luo Qihong looked around with a faint smile on his face.

When Chen Beimou and his four brothers heard this, their eyes suddenly lit up. This was a good opportunity, but it was easy to find a market but difficult to master the technology. Could it be that Luo Qihong had a way?
"Mr. Luo, Jingmou Electronics lacks production lines in these areas and may not be able to participate for the time being." Chen Beimou said, his eyes full of hope, obviously hoping that Luo Qihong could lend a helping hand.

"Buy those products, imitate them, and then hire someone to modify the production line. This is a very simple thing for Jingmou Electronics." Luo Qihong spread his hands.

"Now these computer peripherals are all made by subsidiaries of technology companies, or commissioned to other manufacturers. We don't have a reputation in this area, and we are afraid that consumers will not buy them," said Chen Zengjing worriedly.

Luo Qihong smiled and said, "As long as Jingmou Electronics can guarantee the quality of the products, I can guarantee the sales of these products. Hexiang Trading Company will be responsible for selling as much as Jingmou Electronics produces. This promise will be valid for three years."

Chen Beimou's brothers looked at each other. They naturally believed Luo Qihong, because Luo Qihong was also a shareholder of Jingmou Electronics and had guarantees in this regard.

Chen Zengjing did not agree immediately, but pretended to be calm and only agreed after he felt that this was a win-win plan.

As for the contract, there will be dedicated personnel on both sides to take charge, and there is no need to sign the contract on the spot.

After the meeting, Chen Yongmou invited the Luo brothers to his office to chat, which naturally aroused the vigilance of the other brothers of the Chen family, but since they were relatives by marriage, they could not stop it.

"Ah Hong, Ah Xing and Ah Shan's wedding date has been set, and our two families are now in-laws in the true sense of the word." Chen Yongmou poured a cup of tea for the Luo Qixing brothers, and said with his mouth moving, "Tell me the truth, can we put Jingmou Electronics' listing on the agenda?"

Luo Qixing and Luo Qihong thanked them, while Chen Yusan and Chen Yucan beside them pricked up their ears and listened carefully, as if they were worried that they might have missed something.

Luo Qihong took a sip of tea and smiled, "Second Uncle, Jingmou Electronics Company's assets are already worth tens of millions. It's suitable to go public at any time, but I think it will be more beneficial after the assets exceed 100 million."

"The reason is that the current stock market is not suitable for fundraising. Jingmou Electronics will also develop and have more assets, which will also be of great benefit to the Chen family."

Chen Yongmou nodded, his face frozen. "If we go public now, can we acquire a listed company and then use their shell to inject capital for the listing?"

Luo Qihong nodded and said, "Yes, it can be done this way. There are many real estate listed companies on the market that are on the verge of bankruptcy. Jingmou Electronics can spend a few million to acquire one."

The Chen family wants Jingmou Electronics to go public, and Luo Qihong will not stop them. Of course, Chen Yongmou's words seem to be inquiring about the listing, but in fact they are testing Luo Qihong's attitude towards the listing of Jingmou Electronics.

After all, Luo Qihong holds 35% of the shares of Jingmou Electronics Company.

In fact, there is no right time for a company to go public. It can go public at any time if it is ready. However, Luo Qihong, who has a grasp of some future trends of the world, believes that a booming market is more conducive to listing.

Chen Yongmou felt that Luo Qihong had tacitly agreed to the listing of Jingmou Electronics Company and would at least not object, so he started chatting with the two brothers.

On the way back, the Luo brothers took a car, and Luo Qihong had something to ask Luo Qixing.

He was worried that he would be busy and forget about it, so he wanted to say it now.

"Brother, do you want me to give you some shares of Jingmou Electronics Company?" Luo Qihong asked seriously, without any trace of joking.

Luo Qixing's expression was condensed. After thinking it through, he asked, "Aren't those shares going to be returned to the Chen family?"

Luo Qihong shook his head and said, "It's okay. It's unlikely that the Chen family will get these shares back, because they want to go public and can't control too many shares. Instead of giving the shares to others, it's better to hold the shares in the hands of our in-laws."

"Even if the Chen family really wants to go back, this matter can still be discussed. There are many human relationships involved."

Luo Qixing had some opinions about the Chen family's attitude towards him, which made him feel that he was taking advantage of his younger brother, so he also wanted to get some shares of Jingmou Electronics Company so that he could get more respect from the Chen family.

But he didn't have any extra funds, and it would take some time to pay back the money he lost in real estate.

So, he shook his head and said, "I want to take it, but I don't have the money to buy it. I can't take advantage of you."

"You can pay back the money you owe to your brother slowly. Holding some shares of Jingmou Electronics Company will be beneficial to you and your sister-in-law. You can't delay this." Luo Qihong persuaded softly.

Luo Qixing fell silent, still a little conflicted and unable to let go of the obsession in his heart.

"Why don't you discuss it with your sister-in-law, and tell me when you've made up your mind." Luo Qihong didn't force it.

The Chen family already had the model of a wealthy family. In company affairs, they only cared about ability and interests. The elders relied on their seniority to suppress the younger generations. The Luo family was not a wealthy family because Luo Qihong himself still took Luo Qixing's feelings into consideration and gave him benefits. Soon, Luo Qixing changed cars and went to work in North Point, while Luo Qihong returned to Central.

Dean Securities Investment Company
Bai Jinyan handed Luo Qihong a document and said, "This is the clothing company information you wanted. Do you want to invest in the clothing company or expand your business scope?"

Luo Qihong smiled and said, "I am helping Jiahui to select. She wants to open an underwear clothing company and establish an underwear brand."

Bai Jinyan's expression turned bad, but he immediately regained his smile and said, "So that's how it is. You should have explained it to me clearly so that it would be more targeted."

Luo Qihong didn't catch the displeasure, and continued, "It's not a big deal, just find something for her to do so that she doesn't have to do nothing all day."

"Is there any particularly suitable company among these documents? It doesn't matter if it's not well-known, as long as it has complete staff and equipment."

Bai Jinyan felt a little depressed that she was asked to help the mistress choose a company, but she could only endure it for now. The position of Mrs. Luo might not be hers, and she still needed to show her "good wife" side to Luo Qihong.

"That Tsing Yi Company seems to be good, with complete equipment and staff. The only drawback is that its market share has been taken up by its peers, and its profit this year is only a mere 5 yuan. These businesses were obtained through personal connections."

"The boss of Tsing Yi Company has already planned to sell the company to avoid losses next year. It will be difficult to sell it now. It is just right for Miss Guan to start an underwear company."

"Then let's go with this one. I'm too lazy to keep looking." Luo Qihong went straight to the page of Qingyi Company, glanced at it, and when he saw that there were no major problems, he stamped the document.

"The price of 170 million yuan is a bit high. To what level do you think it can be lowered?" Luo Qihong asked.

Bai Jinyan was not good at negotiation, but he had been to Women's Street to bargain for things, so he used this experience to measure the price of the acquisition case and said, "It should be possible to lower it to 150 million yuan, saving 20 yuan."

Hearing this, Luo Qihong laughed and said, "Too conservative, give me another estimate."

Bai Jinyan frowned slightly, recalling the general market conditions of the textile and garment industry. Hong Kong's garment industry was on the decline, so perhaps she could lower the price from here, but she had no idea how much.

"Down to 1 million yuan?!"

Luo Qihong smiled and nodded, "That's about it. Let's start with a price of 90 yuan, and then slowly increase it, but the highest price cannot exceed 130 million yuan."

"Isn't this too cruel? The boss of Qingyi Company may not agree." Bai Jinyan said worriedly.

Luo Qihong picked up the document and shook it, saying, "There are a lot of suitable companies in it, not just Tsing Yi companies. There were more than 3 garment companies in Hong Kong during its heyday. Although it has declined now, there are still 1. Can't we find a suitable company?"

"." Bai Jinyan had nothing to say. It seemed that it would not be difficult to find a clothing company with low prices, small scale, complete equipment and staff, but it would take some time.

"Are you interested in trying the acquisition negotiations?" Luo Qihong asked with a smile. He felt that Bai Jinyan should be given more matters, including some small acquisition cases.

Bai Jinyan's eyes widened and he said, "Me? Aren't you afraid that I'll mess it up?"

Luo Qihong laughed and said, "What's there to be afraid of? If you feel scared, I can help you. In fact, it doesn't matter if you lose money, it's just a few hundred thousand."

Bai Jinyan was thinking about this, and smiled, "Okay, then let's go together. If there's anything I'm doing wrong, you can give me some pointers."

"Well! Then let's make an appointment with Qingyi Company and we'll go and find out together." Luo Qihong smiled.

After working with Bai Jinyan for such a long time, no one would believe that there was no special kind of friendship between them, including Luo Qihong himself. After all, it is difficult to have pure friendship between men and women.

Ulsan Garden Residences in Mid-Levels that night
As soon as I got home from get off work, I saw Chen Yusan helping to pick vegetables, and both the mother-in-law and the daughter-in-law had smiles on their faces.

"Sister-in-law is here! My brother has told you about the shares, have you made a decision?" Luo Qihong took off his coat and put it on the sofa.

Lin Ya had a confused look on her face, her eyes moving between Chen Yusan and Luo Qihong, as if asking them to explain to her.

"How many shares do you plan to give to Ah Xing?" Chen Yusan certainly didn't think that Luo Qihong was going to give her the shares.

"10% or so. I think your family won't have any objection." Luo Qihong said.

"What shares?" Lin Ya finally couldn't help but interrupted their conversation. Of course, she also had some guesses.

"Shares in my eldest sister-in-law's electronics company! Didn't I invest in it before? Now I'm going to give some shares to my eldest brother." Luo Qihong explained.

Lin Ya knew that the youngest son had spent 2 million to get the shares. 10% of the shares were worth 6 million yuan. Why was it suddenly transferred to the eldest son? Would part of it fall into Chen Yusan's hands?

However, Lin Ya was also very tactful and stopped asking questions. Instead, she asked the two to sit on the sofa and talk.

But Chen Yusan said, "We are all family, it's nice to chat while picking vegetables."

"My grandfather and my father both want to take Jingmou Electronics public. They don't care who gets the shares. As long as they are not given to outsiders, they will have no objection." Chen Yusan smiled slightly.

Luo Qihong nodded, "Well, that's good! I'm also thinking that when Shengyun Printing has 5 million in assets, it will also start preparing for listing. It's good that Big Brother wants to take this opportunity to enter the real estate industry, but you have to be cautious in real estate."

Chen Yusan was a little surprised. If Shengyun Printing Company went public, could she get 5% of the shares?

"Don't worry, sister-in-law. As long as Shengyun Printing goes public, I will give you a lot of what I promised." Luo Qihong saw through Chen Yusan's thoughts.

As Lin Ya listened, her expression became more and more restless.

After the two of them finished talking, Lin Ya didn't bother to cook. She pulled Luo Qihong into the room and gave him a few instructions.

This made Luo Qihong laugh and cry, and he did a lot of psychological work on Lin Ya. Fortunately, Chen Yusan helped with cooking, otherwise the food would have been burnt.

(End of this chapter)