Hong Kong 1980: The Savage Era

Chapter 242 [Stepping on the Old Nest]

Luo Qihong did not want to make a profit and leave in a short period of time, but continued to invest in Hong Leong Investment Company.

In a sense, Luo Qihong is one of the founders of Hong Leong Investment Company, and his influence has begun to radiate to the banking industry. In the future, the Luo family may not be as domineering as Lin Xiufeng and make money by relying on their face.

Of course, if a successor like Lin Xiufeng appeared, Luo Qihong could only blame himself for his bad luck.

Some plans are subject to change, and Luo Qihong has also left room for change.

"How will Feng Long Investment Company raise 5 million yuan?" Bai Jinyan asked.

Although De'an Securities Investment Company made a lot of money, its expenses were also large. The acquisition of 21% of the shares of Nikkatsu Film Company and the investment in the Hong Kong stock market almost consumed 7% to 8% of De'an's cash.

Moreover, the company's main investments are in the Japanese stock market. Although some of the cashed-out funds have been transferred back to Hong Kong, they cannot solve the immediate problem. As the scale becomes larger, there will still be a significant gap in funds.

Speaking of this fund, Luo Qihong also had a headache. It was not advisable to continue to embezzle money from the Japanese stock market. The only way now was to borrow.

"Let's borrow some money from the bank first." Seeing Bai Jinyan nod, Luo Qihong asked, "Did we expand our business a little too much, so that we are facing such a huge shortage of funds now?"

Bai Jinyan glanced at Luo Qihong, and her expression showed a certain degree of certainty. She also felt that Luo Qihong was a little anxious, as if he was chasing after Chen Songqing's back.

"Since the plate is too big, we will no longer make investments similar to Hong Leong Investment Company in the future." Luo Qihong said solemnly. He also found that he was becoming more and more greedy. No wonder Chen Songqing and his group could not stop and kept running all the way.

"Actually, our business is not big, but there are too many unexpected situations. For example, the project of Fenglong Investment Company was originally a profit-taking, but now it has become a long-term investment, and we have become the second largest shareholder. The amount of money involved is not small. We have spent no less than 7 million yuan (including certified equity)." Bai Jinyan couldn't help but say it.

"Well, you're right. It was my decision-making problem." Luo Qihong admitted his mistake very straightforwardly. "There won't be such a problem again in the future."

Bai Jinyan knew that Luo Qihong would continue to make such mistakes, but for the time being it would not be too extreme and would allow the company to recover a little and it would no longer be so urgent.

"I will deal with this matter as soon as possible. The trip to Japan has already been arranged and it is not appropriate to change it." Bai Jinyan said.

"Let's set off as scheduled, there's no need to delay." Luo Qihong nodded slightly.

On April 4, Luo Qihong, Bai Jinyan and others flew from Hong Kong Airport to Japan. It was already 26 or 4 o'clock in the afternoon when they arrived in Japan.

The executives of the branch company all came to Tokyo International Airport to pick him up. Among them were several Japanese, who were suitable elites selected by Bai Jinyan from the industry.

After dinner, the senior executives began to report on their work and how to deal with the Nikkatsu Film Company board meeting the next day.

Nikkatsu Film Company is still the largest film company in Japan on the surface, but in reality it has become hollow and no longer holds the dominant position it once did. The number of films it produced last year was far less than that of similar companies, and its box office was not high, resulting in losses.

However, at this time, the board of directors of Nikkatsu Films was still unwilling to face the facts and wanted to continue to take back the film market and return to its dominant position.

The information contains many diagrams of the relationships between shareholders and directors, which are quite complicated. However, the branch has obtained the support of some small shareholders and weak directors through some interest exchanges. I dare not say that I am 7% sure, but I am % sure.

Wednesday, May 4

On the day when the board of directors of Nikkatsu Film Company met, the main topic was the election of a new chairman of the board, and all other topics were minor matters.

In fact, Nikkatsu Films is controlled by the Japanese Kudo family, which has now been passed down to the third generation. As the head of the family, Kudo Ueki controls the board of directors of Nikkatsu Films. Since the Kudo family has controlled the company for half a century, they have a large number of confidants, especially in the company management, both on the board of directors and in the company management.

Luo Qihong knew that he would not be able to control Nikkatsu Films in a short period of time, but fortunately Nikkatsu Films was on the decline, so he could effectively cut staff, which was still a very legitimate reason.

In the conference room, except for Luo Qihong and his group, the rest were Japanese, and they were watching them with vigilance and eagerness.

Kudo Ueki is a middle-aged man in his 50s with gray hair and a haggard face. He is under a lot of pressure, especially as the family company is in a precarious period. Internal and external troubles have made him powerless.

However, he would naturally try his best to protect the family business.

After all the directors were seated, Kudo Ueki said in a loud voice, "Dear directors, let us welcome Mr. Luo, Ms. Bai and others from Dean Investment Company with warm applause."

"Pa pa!!" Japanese people are still quite polite. Even if they don't agree with Luo Qihong, they will not lose their manners.

"De'an Investment Company holds 45.2% of the shares of Nikkatsu Film Company and is our largest shareholder. Now is the time to elect the new chairman of the board of directors, so Mr. Luo has become one of the candidates."

Kudo Ueki made his statement in an extremely serious and earnest manner, his eyes moving over all the directors. He had the aura of a superior and seemed to be intimidating some of the directors.

Soon, it was Luo Qihong's turn to speak. "I am from Hong Kong, a Chinese, and my first time here. Please give me your guidance!"

"Why did I join Nikkatsu? The reason is simple. The current Japanese film market is very competitive, and I want to lead you to restore the glory of Nikkatsu and enter other industries at the same time."

The Japanese translator sitting next to him was very busy. Luo Qihong did not speak completely according to the content of the manuscript. Some parts were added by Luo Qihong on the spot.

Luo Qihong knew very well that the Japanese were all very arrogant, but they worshipped the strong, so he needed to show unprecedented arrogance and give these devils a warning first.

"Oh? Mr. Luo, do you understand the Japanese film market? We in Japan are not your Hong Kong." A Japanese director with a moustache under his nose questioned Luo Qihong.

Luo Qihong smiled and said, "I know that I am not as good as you all in Japanese film production, but it is not my fault that the film company has fallen to the current state."

"If I take over Nikkatsu Films, I can't guarantee that we will return to our peak, but I will definitely pull the company out of this quagmire, so that you can get dividends again and make the stocks you hold valuable."

He didn't want to talk about anything else. He just believed that money could move people. He didn't believe that this group of shareholders would not even ask for money in order to support the Kudo family.

"How long will it take, Mr. Luo?" asked another shareholder.

"Before next year, I will turn the company around and give you a dividend of 2 million US dollars."

"How can Mr. Luo guarantee this?"

"It's very simple. Dean Investment Company can sign a bet agreement with Nikkatsu Film Company. If dividends cannot be distributed at the beginning of the year, Dean Investment Company will be responsible for paying out 2 million US dollars as dividends to you all." Luo Qihong said.

Upon hearing this, most of the directors were excited, and only a few die-hard fans of the Kudo family paid attention to Kudo Ueki's opinion.

(End of this chapter)