Hong Kong 1980: The Savage Era

Chapter 235 [Don't worry, everything is under control]

End of march
Cheng Jianshen negotiated with the bank for a portion of the property credits of Carnival Real Estate Company and obtained a loan of HK$1 million, with the collateral being the properties taken over from Carnival Real Estate Company and the shares of Baohua Construction Company acquired subsequently, with an annual interest rate of 10%.

Chen Zhilong also followed the whole process, nominally to assist, but in fact he wanted to share some of the credit. Cheng Jianshen was very open-minded. He knew that Luo Qihong, as a boss, would not just look at the surface. With enough ability, he would always shine.

A medium-sized conference room in the Mandarin Oriental Hotel

Luo Qihong brought several senior executives of Zhaoan Real Estate Company to meet with small shareholders of Baohua Construction Company. Originally, these meetings were required to sign a confidentiality agreement, but Luo Qihong thought it was unnecessary.

Because no matter what the outcome today is, the acquisition of Baohua Construction Company will be launched after the meeting.

But Luo Qihong still needs to stabilize this group of people. He will still need their support after the acquisition is successful, otherwise it may touch the bottom line of a full acquisition.

If a full acquisition is launched at this time, even if the stock price is low enough, it will have a bad impact on Zhaoan Real Estate Company, but control cannot be lost.

"Hello everyone, I am Luo Qihong, the chairman of Zhaoan Real Estate Company. I have invited you to meet today because of the shares of Baohua Construction Company in your hands. Zhaoan Real Estate Company plans to acquire them at a 1% premium. What do you think?" Luo Qihong said with a smile, but his eyes were always on those prestigious shareholders.

Luo Qihong didn't want to do any favors with these strangers. They were all smart people. How could they get things done without considering their own interests? So he didn't do these empty courtesies.

The young man with a beer belly and middle-parted bangs smiled slyly, "Mr. Luo, isn't a 1% premium a bit low? You are a well-known figure in the real estate industry."

Chen Zhilong wanted to help refute and take the opportunity to take credit, but Luo Qihong gave him a look to discourage him.

"Mr. Han, right? Since this is a negotiation meeting, you can just name a price." Luo Qihong smiled gently.

Everyone has their own interests, and Luo Qihong couldn't say anything. By inviting them out, he already expected to be ripped off.

Han Ji stretched out a hand, bent his thumb into his palm, and said, "How about a 4% premium? This shouldn't be a problem for Luo Sheng, right?"

Luo Qihong smiled and said, "Mr. Han, I'm looking for you to buy stocks because I don't want to raise the price too high. If it's 4%, then I can make a large purchase from the stock market. To be honest, I already have 25% of Baohua Construction Company's shares, and I only need 10% of the shares."

Hearing this, the expressions of several shareholders changed. You know, they hold more than 10% of the shares, which means that Luo Qihong has choices.

Han Ji was very smart and quickly asked again, "Then Luo Sheng, please give us a real price, otherwise we will all be in trouble."

Luo Qihong smelled a threat, but he didn't care. If he was threatened by a small shareholder, how could he survive?

"Our boss had already thought about it before coming here. You may not agree, or even fail to abide by the confidentiality agreement. It doesn't matter much because Zhaoan Real Estate has sufficient funds and has already obtained a loan of 1 million yuan from the bank." Chen Zhilong looked at the small shareholders, and his gaze stayed on Han Ji the longest.

"Will Luo Sheng cheat us? How come we haven't heard any news about it?" Han Ji continued to be the vanguard.

Luo Qihong said with a smile, "Mr. Han overestimates himself. Zhaoan Real Estate is just a listed company in my hands. There is no need to ruin your reputation for the sake of 2 or 3 million."

"If Han Sheng can reach the position of Li Zhaoji and Li Fushu, I would be interested in playing 'All is fair in war'. After all, if I win, the outside world will only say that I am more skilled. But if I cheat Han Sheng and others, people will only say that I am stingy."

"." Han Ji was looked down upon and lost face in public, so his face was naturally not in a good mood. However, he had no way to refute it. Everyone in Hong Kong knew that Luo Qihong and Li Zhaoji had fought a fierce battle over the China Gas Company and won a miserable victory with a loss of 3 million yuan.

"A 1% premium is a bit too little. Let me raise the price to 2%." Luo Qihong suppressed his smile and pointed to the door. "Everyone knows the current situation of the stock market and local markets. I have to take risks too, so if anyone thinks the price is still low, they can leave." Luo Qihong didn't believe that these people would be so determined and could hold on until the end of the negotiations.

After he finished speaking, the conference room fell silent, as everyone was thinking about how to make a choice.

Once you leave the meeting room, it will be difficult to come back. In addition, in the current environment, it is easy to succeed in launching a takeover war, and the stock price cannot be raised too high.

Five minutes passed quietly. Luo Qihong raised his wrist, checked the time, and said, "Since everyone is unwilling, then we..."

"Mr. Luo, wait! I have 2% of the shares and am willing to sell them to Zhaoan Real Estate Company at a 2% premium." A middle-aged man with a tumbler-like figure stood up first to express his opinion.

Luo Qihong glanced at Chen Zhilong, who understood and smiled, "Mr. Zhang, please follow me. The lawyer is in the meeting room next door. We can sign the contract right away."

Mr. Zhang glanced at the familiar shareholders, then followed Chen Zhilong out of the meeting room and went to the adjacent meeting room to sign the contract.

As a result, several shareholders stood up and expressed their willingness to sell their shares.

"Mr. Luo, I think those shareholders already own 10% of the shares, right?" Han Ji asked tactfully.

Luo Qihong glanced at Kang Wenyi, who nodded, so he smiled and said, "That's about it. The remaining shareholders can leave. We'll see you next time at the Baohua Construction Company board meeting."

Han Ji frowned slightly. He thought Luo Qihong was lying, but now it seemed to be true. There was nothing to say at this point, so he followed the shareholders out of the meeting room.

"This Han Ji seems to be up to something. Should we be careful that the largest shareholder of Baohua Construction Company finds out about this?" Cheng Jianshen looked at Han Ji's back coldly and whispered in Luo Qihong's ear.

"No problem!" Luo Qihong waved his hand. "The China Gas Company has already taken action against the second largest shareholder and holds 14% of the shares of Baohua Construction Company. Together with the 30% in our hands, the total is 44%. We should be able to control the board of directors."

Cheng Jianshen thought for a moment and said, "Why not secretly purchase another 4% to 5% from the stock market to achieve the target value I just mentioned?"

Luo Qihong knew that Cheng Jianshen was considering his reputation, so he nodded and said, "Okay, go and notify De'an Company now."

"Yes!" Cheng Jianshen immediately left his seat and went to the phone in the conference room to call De'an Company.

As expected, Han Ji left the Mandarin Oriental Hotel, chose a rather remote telephone booth, called the largest shareholder of Baohua Construction Company, and told him everything that happened in the meeting room.

After finishing speaking, Han Ji looked around very cautiously, walked away from the phone booth, and sneered to himself, "Let's fight. If you don't fight, how can I sell it at a high price? I didn't expect that someone would send me a pillow just when I dozed off."

Two hours later, Luo Qihong received news that the share price of Baohua Construction Company had an unusual increase. Although the increase was not large, it was indeed a bit strange in today's market.

"It's very likely that Han Ji was behind this." Cheng Jianshen said with some worry.

The major shareholder has been operating Baohua Construction Company for many years, and those board shareholders are likely to support the major shareholder. If the shareholdings between the two are similar, then Zhaoan Real Estate Company will have a greater chance of failure in the acquisition.

"It's okay! We have a hidden chess piece among the shareholders. We are sitting on the Diaoyutai. Notify De'an Company and ask them not to scramble for stocks and raise the share price. I want to prevent Han Ji from achieving his goal." Luo Qihong said.

(End of this chapter)