Hong Kong 1980: The Savage Era

Chapter 248 [Bankruptcy Auction]

Luo Qihong believed that this was a three-pronged approach, as it could not only attract business for Japan's De'an Investment Company, but also allow Jingmou Electronics Company to expand in scale and increase the sales of Dahexiang Trading Company, and also do a favor for the Chen Zengjing family.

However, Lin Ya did not quite understand the connection. She thought that the younger son was at a disadvantage because the older daughter-in-law's family always came to take advantage of her, and the younger son could not refuse due to emotional reasons.

After Chen Yusan left the Luo family villa, Lin Ya said to Luo Qihong alone, "Ah Hong, when the Chen family asks you to do something in the future, you don't have to agree to everything. Big Brother won't have any opinion on you, he can understand you."

Luo Qihong was slightly startled when he heard this, then he smiled and said, "Well, I will refuse some things, but the current situation is beneficial to all of us, so I will help them."

"That's good. Just remember not to force yourself." Lin Ya didn't quite believe what Luo Qihong said, but some things couldn't be discussed in too much depth. She also knew that her son was very capable and should not be able to distinguish the important from the minor.

Looking at Lin Ya's leaving back, Luo Qihong felt a warm feeling in his heart. Recently, Luo Zegui and Lin Ya's attention has been on Luo Qihong, which made him feel different emotions, but those emotions were very mild.

After discussing for an entire night, members of the Chen Zengjing family finally decided to adopt Luo Qihong's suggestion and hire De'an Investment Company to acquire a Japanese electronics company and enter other areas of electronics manufacturing in an attempt to become the largest electronics company in Hong Kong.

After Luo Qihong received accurate information the next day, he began to contact Bai Jinyan, who was still in Japan, and asked her to help find a suitable electronics company and help Jingmou Electronics Company complete the acquisition intention as soon as possible.

Today, American technology companies are booming, and there is a huge gap in electronic materials. As long as the supply can be met, Hexiang Trading Company will be able to establish new trade channels in the United States, expand its market share, and even complete a new round of scale upgrade plans.

Now Hexiang Trading Company has begun to give back to Luo Qihong. He has already received more than 1 million Hong Kong dollars of the more than 5 million Hong Kong dollars invested in Hexiang Trading Company, and will be able to achieve real profits by the end of 83.

Today, Hexiang Trading Company is located between small and medium-sized trading companies. It is just one step away from becoming one of the medium-sized trading companies in Hong Kong.

According to Luo Qihong's plan, once Hexiang Trading Company has sufficient funds, it will start a new round of acquisitions as the cornerstone for expansion.

As for enemies, such as Gong Guoyan, they have been swept out of the ranks of competitors and collaborators by Luo Qihong, and are now hiding in the corner, trembling, worried about attracting Luo Qihong's attention.

There were still no major flaws in Hong Kong's three major trading companies. Luo Qihong could only continue to wait, staring at the three major trading companies like a pack of wolves in the dark night.

If it can acquire one, Luo Qihong's Hexiang Trading Company will achieve a qualitative leap and successfully enter the ranks of large global trading companies.

Mid-March
Luo Qixing and Chen Yusan held their wedding at the Peninsula Hotel, hosting a banquet for more than 4 guests from both sides of the family, with 60 tables set up and a cost of several million yuan.

Although the scene was grand enough, it also made Luo Zegui and Lin Ya, the couple, feel distressed, because this money was the annual profit of Shengyun Printing Company.

It can be said that in the coming year, the Luo family's Shengyun Printing Company will concentrate on making money and repaying the several million yuan owed to Luo Qihong. Of course, there is no rush, after all, Luo Qihong will not urge his family to pay back the money.

Originally this was just a piece of gossip, not enough to attract major newspapers in Hong Kong to report it. However, behind Luo Qixing stood Luo Qihong, Hong Kong's future super tycoon, so it caused quite a stir in the Hong Kong area.

Many citizens know about the Chen family of Jingmou Electronics Company, the Shengyun Printing Company of the Luo Qihong family, and the groom Luo Qixing.

The Chen Zengjing family was especially happy, as this allowed them to show off in front of the wealthy families of Hong Kong and laid a foundation for them to enter the real upper class of Hong Kong in the future.

Mid-Levels Garden
Guan Jiahui was unhappy because she failed to attend Luo Qixing's wedding banquet. In her opinion, this was the best opportunity for her to show up in front of the Luo family, which would in disguise lay a solid foundation for her to become the wife of the Luo family.

The Peninsula Hotel was a gathering place for reporters and big shots a few days ago. If Luo Qihong publicly admitted that she was his girlfriend, then she would be qualified to deal with some women, such as Bai Jinyan from Dean Securities Investment Company.

Guan Jiahui doesn’t think she is much worse than Bai Jinyan. As long as she is given the opportunity, she can also become a strong woman in the investment industry.

Luo Qihong smiled and explained, "That's my eldest brother's wedding, and you don't know my eldest brother. Why would I invite you there? I didn't even invite my partners, and it's not in accordance with the rules to invite you there."

"How can I be the same as those partners? What are the rules? Tell me." Guan Jiahui had already forgotten the lesson from the previous breakup.

"My mother said that you would clash with the bride and groom, which would not be good for anyone." Luo Qihong explained that this was not something he made up, Lin Ya did say that.

Guan Jiahui stared into Luo Qihong's eyes, as if trying to determine whether Luo Qihong was bragging (lying). After half a minute, seeing that Luo Qihong did not back down at all, she had no choice but to believe Luo Qihong.

"Hmph! Don't let me find out that you lied today, otherwise I won't let you go." Guan Jiahui warned Luo Qihong arrogantly.

"How is your underwear company going?" Luo Qihong asked with a smile, putting his arm around Guan Jiahui's shoulders.

Guan Jiahui groaned, "It's already on the right track. We've opened five specialty stores in Central, Kowloon City, and Causeway Bay. Last month's turnover was 5 million, and the profit was over 4."

"Great!" Luo Qihong praised reluctantly. With his help, it would be impossible for the underwear company to have a turnover of several million yuan.

The underwear company first appeared frequently in the movies produced by Baoxiang Film Company, and the products were even worn by those female stars. Luo Qihong also spent a lot of money to have some popular magazines and newsprints publish advertisements. The advertising fees spent on the latter alone were as much as 30 yuan.

It's just that Guan Jiahui didn't take these initial investments into account. If she did, the money she made wouldn't even pay for itself. "It's still not as much as what I made from the stock market and real estate." Guan Jiahui suddenly pursed her lips, her face darkening.

Luo Qihong laughed and said, "There is no comparison. The underwear business may seem to make less money, but it is much more stable than the real estate and stock markets. Even if a crisis comes, you will not go bankrupt all of a sudden. You can completely keep the company and your personal assets."

"You know how many people in the market have gone bankrupt. Do you want to be like them? Do you want to try the feeling of being a trapeze artist (jumping off a building)? And you will also drag your family down with you. Those financial companies will not give up collecting the debt."

"." Guan Jiahui's face turned pale suddenly. Some of her friends also jumped off buildings and died in very ugly ways.

"Don't think my company was not affected much, that's because I withdrew very early and lost a lot of profits. Of course, if I still kept those properties now, I wouldn't be so relaxed." Luo Qihong smiled faintly, "So, the opportunity to make money and the risk of bankruptcy are directly proportional, and the underwear company's business is better."

Guan Jiahui already understood the reason, but still curled her lips. Women never like being reasoned with, they prefer being pampered, even if she is wrong.

However, Luo Qihong refused to do so, and she did not dare to show it too much, for fear that women like Bai Jinyan would take the opportunity to seize the throne.

"Here is a check for 1 million Hong Kong dollars. It is for you to buy the stores of the lingerie company. Your own things are the safest." Luo Qihong coaxed Guan Jiahui.

Guan Jiahui curled her lips and said, "One million is not enough. We have five stores, including one in Central."

Luo Qihong smiled and said, "Don't you have some funds in the underwear company's account? You can use them first. After a while, you can withdraw your investment in the Japanese stock market. By then, you will have enough funds."

"It's so easy to make money in the Japanese stock market, and the market in Hong Kong is so bad, why withdraw the money? Is the stock market and local market in Hong Kong going to pick up?" Guan Jiahui asked while looking up at Luo Qihong. Of course, she wanted to take the opportunity to show off to her girlfriends.

Luo Qihong knew what Guan Jiahui was thinking, and he was not worried about any inside information leaking out. He smiled and said, "Not yet. The situation is very tense right now. Haven't you noticed that many people in the market are cashing out, some are emigrating, and some financial companies and banks are going bankrupt?"

Such an answer made Guan Jiahui even more confused. Since the Hong Kong market was so bad, why did she withdraw her investment in the Japanese stock market?

Luo Qihong explained, "A new crisis is brewing and is about to break out. After the crisis breaks out, the market will fall to the bottom, and that will be a good time to buy at the bottom."

Guan Jiahui nodded thoughtfully, "Then help me with the operation. I trust you."

That night, in order to reward Luo Qihong, Guan Jiahui wore her newly designed underwear, which made Luo Qihong very excited.

The next day, Luo Qihong walked out of the room, holding his waist, while Guan Jiahui was still lying on the bed and sleeping soundly.

Luo Qihong took a deep breath and muttered to himself, "I'd better exercise some restraint in the future, otherwise I'll end up like Liu, and it will be bad if I have to give him a kidney."

Late March
The auction, led by HSBC and participated by financial institutions such as Hang Seng Bank and Bank of East Asia, was held at the Causeway Bay Cathedral. It was announced that the auction assets involved were worth more than HK$10 billion, attracting many real estate developers to participate.

Luo Qihong got the auction list, which filled up 12 pages of property, land and other assets. Most of them were shops and scattered properties, while entire commercial buildings or villas were only a minority.

Many large companies, such as New World Development and Cheung Kong Holdings, sent high-level teams, but their bosses were not seen attending.

There were a few owners of small and medium-sized real estate companies attending the auction, but judging by their behavior, they didn't seem to be too interested in the items at the auction. They might have been trying to give face to the organizers.

"Boss, this auction is very popular. Many established peer companies are here." Kang Wenyi said after looking around.

"Well, it doesn't matter! If the things we want to bid are higher than the market price, we can give up everything. There is no need to bid too high here." Luo Qihong instructed.

People like Kang Wenyi come here more or less for cheap properties, so they are very wary of getting too excited about the auction.

"Yes!" Kang Wenyi and others responded in unison.

"Mr. Luo, how are you these days?" A familiar voice came.

Luo Qihong turned his head and saw that the man was Gao Kaiquan, the helmsman of Waymon Investment Company. He smiled and said, "Oh, it's Gao Sheng. I heard that Gao Sheng acquired a real estate company. How is it? It didn't affect you, did it?"

Gao Kaiquan sneered and said, "It's a company that is about to go bankrupt. How can it be affected? Of course, it is not like Luo Sheng's Zhaoan Real Estate Company. Not only is it not affected, it has also acquired Baohua Construction. It is really amazing. It deserves to be the master of the stock market."

Gao Kaiquan's voice was very loud, as if he was speaking specifically to the people next to him.

Luo Qihong didn't care about this. Although a crisis broke out, some people could predict it and some people could survive it. This could be achieved by relying on their own abilities.

"Thank you for the compliment, Gaosheng!" Luo Qihong replied indifferently.

(End of this chapter)