Hong Kong 1980: The Savage Era

Chapter 232 [232 years]

On the third day, Luo Qihong and Bai Jinyan met with Jin Shiqing, the boss of Qingyi Company.

Jin Shiqing is over 40 years old and his hair is a little gray, but he looks and looks pretty good. He must be a very hardworking person. The fact that he hasn't achieved anything may be because he's been unlucky.

Bai Jinyan followed Luo Qihong's instructions and offered a price of 80 yuan, always keeping an eye on Jin Shiqing's expression.

Sure enough, Jin Shiqing's face changed slightly. The company's value of 170 million yuan was reduced to less than half, which was really infuriating.

But Jin Shiqing did not stand up and leave, but lowered the price to 160 million yuan.

After some bargaining, Jin Shiqing agreed to sell the Tsing Yi Company for 135 million yuan.

In order to avoid any further complications, Luo Qihong went to the law firm to sign the contract and wrote a check to Jin Shiqing in person.

General Manager's Office, Tsing Yi, North Point
Luo Qihong and Bai Jinyan were looking through the accounts receivable and payable of Qingyi Company. The company was not large, but its accounts were very well kept. Apart from the money owed to some partners, it had basically no other debts.

But the situation was very bad. There were only some orders for factory uniforms, and the rest of the business was not settled. He was like a terminally ill old man.

It is no wonder that Jin Shiqing has to urgently sell Tsing Yi Company. The company is on the verge of bankruptcy and will soon be heavily in debt. Who would be willing to get involved with this rotten potato?

"This company." Bai Jinyan was about to speak when the phone rang, interrupting him.

"Hello! Well, bring her to my office." Luo Qihong said and hung up the phone.

Bai Jinyan was silent for a moment, then asked, "Is Miss Guan here?"

Luo Qihong nodded. "Yes, go on. Don't worry about it."

"Let's wait until Miss Guan arrives so that we can discuss it together." Bai Jinyan said without leaving any holes.

"Ah Hong, I'm here!" Before I saw Guan Jiahui in person, I heard her voice first, and her tone was full of joy.

Bai Jinyan smiled and greeted Guan Jiahui, "Long time no see, Miss Guan!"

Seeing Bai Jinyan, the smile on Guan Jiahui's face disappeared at a speed visible to the naked eye. She curled her lips and said, "Hello, Miss Bai! Why are you here?"

Luo Qihong tried to smooth things over and said, "Jiahui, you should thank Sister Jinyan. She helped you get the Qingyi Company."

Guan Jiahui only occasionally threw a tantrum, but she still understood a lot of social etiquette, so she said, "Thank you for your help, Miss Bai."

"Sit down." Luo Qihong directly handed the document he had read to Guan Jiahui and said, "This is the information of Tsing Yi Company. You need to have a preliminary understanding of it."

Guan Jiahui pursed her lips, took the document, and pretended to glance at Bai Jinyan casually. This woman was more threatening than Li Bingjun. Her intuition told her that the woman in front of her was determined to take the position of Mrs. Luo.

Seeing this, Luo Qihong continued, "Qingyi Company currently has 40 employees, 26 of whom are responsible for production. It was originally quite easy to manage, but considering the current situation, I will help you take charge for a while. After the company is back on track, I will hand over the company to you in its entirety."

Guan Jiahui nodded slightly and looked at Bai Jinyan provocatively, "Well, whatever you say is fine."

"We are still looking for an underwear designer to take charge of the company's design issues. Since we position Tsing Yi as a first-class underwear brand in Hong Kong, we cannot imitate other companies' products." Luo Qihong said, "After the product design is completed, I will inform Sham Kin Fun and Hung Kam Pao to contact a suitable female star to be the spokesperson. I personally think Cherie Chung is a more suitable candidate."

When she heard the name, a sexy and charming image appeared in Guan Jiahui's mind, which immediately made her wary. She couldn't let Zhong Chuhong continue to act like a demon. However, Guan Jiahui had already become a little shrewd and smiled, "I don't think Zhong Chuhong is very suitable. Instead, Zhao Yazhi and other female stars are more suitable."

"The company is new and we don't have the money to pay such a high endorsement fee. Also, I want you to help Qingyi Company advertise in Baoxiang Film Company's movies. This will have a better effect."

Luo Qihong understood Guan Jiahui's thoughts. If he insisted on using Zhong Chuhong, there would be resentment. It would be better to comply with her request. "Okay! Let's do as you say."

"Can I use your reputation to hire those designers? I'm worried that I don't have enough influence." Guan Jiahui asked in a soft voice.

Luo Qihong smiled and said, "My reputation may not be useful. This is an industry I have never been involved in. Those designers may not have heard of my name. You might as well prepare a few more plans to prevent the first plan from failing."

"In fact, I think the designer we hire doesn't need to be too famous, as long as he or she is capable. Our company is not very strong at the moment, and we will have more project fees to pay in the future. Besides, we are taking the celebrity promotion route, and it is impossible for us to become a first-class brand all at once. We need to take it slow."

"Okay, I understand." Guan Jiahui nodded.

"If Tsing Yi Company is short of funds, it can turn to De'an Company." Bai Jinyan also wanted to take the opportunity to intervene in Tsing Yi Company and control Guan Jiahui.

Guan Jiahui thought about it and smiled sweetly, "Okay, I'll find Ah Hong if I need you."

Guan Jiahui didn't want to deal with Bai Jinyan. They were all love rivals and there was basically no possibility of easing the situation. Moreover, she now had the title of "girlfriend", which gave her an advantage over a lurker like Bai Jinyan.

The three of them talked for a while. First, Bai Jinyan left North Point, followed by Luo Qihong. Both of them were very busy people, and it was rare for them to stay in Tsing Yi Company for so long.

Time passed unknowingly into 83, and Hong Kong's economy became half-dead, with industry becoming the mainstay of the economy. Since last November, when Diners Loan Financial Company suddenly announced that its subsidiary finance company could not repay its loans and was forced to liquidate, Hong Kong's banking and financial industry began to brew a crisis, and the first to bear the brunt was Hang Lung Bank, which had close ties with Diners Loan Financial Company.

At this time, Hang Lung Bank could still hold on, but once a new round of bank runs occurred and numerous bad debts were exposed, Hang Lung Bank would have only one way to go: being taken over by the Hong Kong government.

At the same time, a large number of capital movers also wanted to exchange Hong Kong dollars for other foreign currencies, with the US dollar being the largest. This situation caused the Hong Kong dollar exchange rate to plummet. In the black market, the exchange rate between the Hong Kong dollar and the US dollar has exceeded 6.3, an increase of 5.13% from the original 23.

Luo Qihong is a businessman. He had already asked the finance department of Zhaoan Real Estate Company to convert 3 million Hong Kong dollars into US dollars and deposit them in HSBC Bank, waiting for the exchange rate to change drastically.

Except for the gas company, all other subsidiaries of the company do business and investments overseas and there is no need to worry about a sharp plunge in the Hong Kong dollar.

At present, some citizens are worried that their lives will be disrupted, so they have stockpiled food and other daily necessities on a small scale, including gas, which has allowed the China Gas Company and the company that manufactures gas cylinders to make a small profit.

Luo Qihong ordered the gas cylinder company to work overtime to produce more gas cylinders to cope with the subsequent buying spree and allow China Gas Company to make a fortune.

As for the food trading business, Luo Qihong plans to start it on a small scale, focusing on the business of small vendors, perhaps through which he can enter Hong Kong's food trading market.

The money earned from the trading business will naturally not be converted into foreign currency, but will be used to strengthen personal financial strength and acquire some cheap properties in Hong Kong. Although the number of acquired properties will not be too large, it is still some meat.

In terms of real estate, the worst hit was the Kowloon Bay Industrial Building, which is now $25 per square foot, a 80% drop from the highest price of $12 per square foot in December 360, leaving only 93% of its value.

港岛南湾道一带的高级住宅用地也从最高峰的1千5百元每方尺降至540元，跌幅60%，而北角的房价也跌至764元每方尺，跌幅达38%。

The rent of Grade A offices in the Central area also dropped from HK$30 per square foot to HK$21, a drop of 25%, not to mention office rents in other areas.

Although property prices have plummeted, real estate transaction volume is decreasing, down 81% from 21, and the rate continues to expand.

On January 1, Carrian Company announced that its three listed companies would suspend trading, restructure their debts, and cancel the plan to issue HK$2 million of preference shares. Instead, it proposed that the parent company inject HK$3 million and borrow HK$5 million from HSBC. However, the latter was conditional, and Carrian Company had to mortgage a lot of its assets as a result.

Siu On Real Estate Company Office

The atmosphere was somewhat serious. The four of them were thinking silently, and the sound of pinpoints could be heard in the office.

"Boss, HSBC will definitely be involved in the asset and debt restructuring of Jianing Company. Although Jianing Company's foundation will be exposed, it is also an opportunity to overcome difficulties. With HSBC as a backer, the possibility of overcoming difficulties is a bit high." Cheng Jianshen analyzed, "Our plan to acquire 21% of Nikkatsu Film Company's shares is likely to fail."

Luo Qihong lowered his head. He remembered that Jianing Company was involved in the Yumin Bank murder case that year, which shattered the hope of restructuring.

Therefore, he believed that with the support of HSBC alone, Jianing Company would not be able to make a comeback, otherwise it would not have murdered the senior executives of Yumin Bank.

"It doesn't matter! HSBC won't be a fool with such a huge debt. We are probably overthinking it." Luo Qihong said with some uneasiness.

As the boss and the backbone of the company, he cannot panic and must appease his subordinates, otherwise it will cause some unrest, which will not be beneficial to the company.

Chen Zhilong saw something and said, "Should we spread the news that Jianing Company is in debt? And should we clarify the overseas background of Jianing Company? If these issues are tracked by the media, Jianing Company will definitely fail."

Luo Qihong thought about it carefully and believed that the beasts that were injured and forced into a corner were the most terrifying. They were likely to lose their minds and attack indiscriminately to vent their emotions, and they might become the targets of Chen Songqing's attack.

For Nikkatsu Films, some of it is not so worth it, because the bankruptcy of Carrian is inevitable, and the 21% of shares will fall into his hands sooner or later.

"No need, let Chen Songqing relax for a while, we have other things to do." Luo Qihong waved his hand to refuse.

The three giants nodded slightly, indicating that they would follow the boss's decision.

"How's the situation at Huaguang Shipping Company?" Luo Qihong asked. The current situation of Huaguang Shipping Company is intertwined with the acquisition of Huaguang Real Estate Company. Only if there are problems with Huaguang Shipping Company, the acquisition will be easy to handle. Otherwise, the price to pay will be quite high.

"The shipping industry has already started to plummet, but Huaguang Shipping Company has not retreated at all. Instead, it is catching up. They are purchasing old ships from major shipping companies. According to reliable information, Zhao Congyan plans to use 4 million Hong Kong dollars to purchase five 5-ton container ships."

"Once these plans are implemented, Huaguang Shipping Company will face a shortage of funds, and we can start the acquisition of Huaguang Real Estate Company."

A slight smile appeared on Chen Zhilong's face, and the gloom just now disappeared.

"Go contact the reporters and ask them to interview Huaguang Shipping and report on the situation of Zhao Congyan's family, and bring Huaguang Real Estate Company along as well." Luo Qihong felt that he should do something and could not just wait quietly.

"Yes! I will personally find a reliable reporter." Chen Zhilong said.

"Has Cui Baiquan of Legu Real Estate Company not made up his mind to sell yet?" Luo Qihong continued to ask.

Chen Zhilong shook his head. "Cui Baiquan seems to be optimistic about the current situation. Cui Baiquan said that even if the British lose, the mainland will give Hong Kong some time. He does not think that the price will be lower than it is now."

"Haha!! You are really a clear-headed person. It seems that we have no chance with Legu Real Estate Company for the time being. Let's put it aside for a while and focus on Huaguang Real Estate Company and Baohua Construction Company." Luo Qihong said.

(End of this chapter)