Hong Kong 1980: The Savage Era

Chapter 251 [Fuse]

Finally, Li Yude and Lin Luoqi planned to join forces to enter the Japanese real estate industry, and also brought in Luo Qihong as an ally. However, this ally was not very important and was just trying to borrow his power.

Luo Qihong has been planning in Japan for such a long time. If they are willing to help, they can certainly enter the market as soon as possible and even make a quick profit.

In fact, Luo Qihong believed that he could use some of Chen Songqing's methods in Japan, fabricate some favorable news, and then make quick profits through the stock market.

The only difference is that Luo Qihong does not want to make the scam too big and irreversible, but he wants to make it profitable to a certain extent. The company's foundation will be more solid, making it easier to cash out in the future.

Because Luo Qihong knew that after the Japanese real estate bubble burst, the economy would be unlikely to recover, and export trade had been cut off by the United States, so there would be no point in investing at that time.

Just like those capitalists in the United States, they withdraw after making a lot of money and come back again when there is profit. This is the real essence of investment. Of course, this is only suitable for countries and regions outside the base camp.

The matter was handed over to Bai Jinyan, and Luo Qihong became a hands-off manager, concentrating on dealing with the current complicated situation in Hong Kong.

Monday, September 7
Television, newspapers and other media reported a big news: Ibarashi, assistant manager of Hong Kong's Yu Min Bank, was murdered and his body was dumped in a banana grove in the New Territories.

The police acted quickly and arrested the suspect, a man surnamed Mai, in the afternoon. The suspect confessed that the murderer was a fugitive North Korean named Xi, who was instructed by Chen Songqing, chairman of the Jianing Company, to commit the crime.

Such big news caused an uproar in Hong Kong's business community, and the share prices of Carrian Company and its subsidiaries plummeted.

In fact, the bigwigs in the business community had already sensed something unusual about the affairs of the Jianing Company, partly due to the actions of HSBC. Such a thing was both expected and unexpected.

But I didn't expect Chen Songqing to be so cruel. After all, killing Ibarashi would be useless. It was most likely a last resort when there was no other way out.

"Boss, a big incident happened at Jianing Company just as you expected." Chen Zhilong shouted excitedly as soon as he entered the office, his face full of joy.

Only when giants fall will small giants and new giants be born. After all, social resources are limited.

Luo Qihong didn't show much joy on his face. He looked up coldly and glanced at Chen Zhilong and others, "I already know."

After the three people sat down, Luo Qihong turned off the TV news report.

"The collapse of Jianing Company is inevitable. Many people should start preparing to divide up Jianing Company's things. We should also make some preparations, although there are not many good things left in Jianing Company." Luo Qihong said in a deep voice.

Chen Zhilong looked at Luo Qihong's face and said, "I think Jianing's 25% stake in Thailand's Rama Tower, 10% stake in Youlian Bank, 46% stake in Qichang Life Fire and Marine Insurance Company, the old wing of Miramar Hotel, and New Zealand Insurance Company are all excellent assets. We can acquire them at a low price and then enter the hotel industry or insurance industry."

The banking industry already has Hong Leong Investment Company, but the equity of Union Bank is still good. However, Luo Qihong knows that Union Bank already has a risk and it will explode soon.

Luo Qihong does have some interest in the insurance industry, and if it can be acquired at a low price, it would be a good project.

In the past, the insurance industry contributed to the rapid development of Hong Kong. Even Hang Seng Bank had a large-scale insurance business. You can imagine how profitable the insurance business is.

As for the Miramar Hotel Old Wing project, Luo Qihong really didn't have the ability to take it on. The land alone was worth 28 billion yuan, and it would require an investment of 40 billion yuan including construction costs. Zhaoan Real Estate Company, De'an Securities Investment Company and Hexiang Trading Company were not necessarily worth 40 billion yuan, so how could Luo Qihong afford it? Moreover, the Miramar Hotel Old Wing project was not worth 28 billion yuan at all, and in today's market conditions, it would need to be cut in half, or 14 billion yuan.

It can be said that whoever takes on this project will lose money, and it will take until 86 for the price to return to its peak.

"What are your opinions? Which assets are more appropriate for us to acquire?" Luo Qihong asked.

Cheng Jianshen thought for a moment and said, "Rama Tower is one of the major listed companies in Thailand. It owns five hotels and also operates insurance and financial businesses. If we can acquire it, we can definitely enter the hotel and insurance industries."

"The disadvantage of this company is that its business is concentrated in Thailand. It is difficult for us to expand its business scope to Hong Kong and Southeast Asia. It has considerable limitations." Kang Wenyi retorted, "Although the business of Qichang Life Fire and Marine Insurance Company is single, its business scope is very wide, covering the UK, Australia, Malaysia, Singapore and Thailand, and it has abundant profits every year."

"Jianing Company also has a lot of properties in Central. Although they are scattered, they are also very high-quality assets. We can adopt the last plan and take the lead in negotiating with the creditor banks to seize those assets." Chen Zhilong also expressed his different opinion.

Chen Zhilong had no choice but to say these things. Cheng Jianshen had already mentioned the good options, so he could only settle for the second best.

According to the three people, Luo Qihong liked Kang Wenyi's proposal the most, followed by Cheng Jianshen's, and finally Chen Zhilong's. The reason was that he wanted to build a diversified group, not a single business group like Sun Hung Kai Properties, otherwise it would be difficult to continue to expand in scale.

Therefore, Luo Qihong planned to use private funds to acquire Qichang Life Fire and Marine Insurance Company instead of Zhaoan Real Estate Company. Of course, there was also the reason that Zhaoan Real Estate Company was short of funds.

In this way, Zhaoan Real Estate Company can also free up its hands to acquire other assets with huge potential.

After listening to Luo Qihong's plan, the three people fell silent. They understood that the boss had integrated everyone's opinions, but the plan was too big, and it would be easy to get hurt if the plate was too big.

"Having more targets is a good thing, but we will also have a lot of competitors. It's not easy to take down any one of them." Cheng Jianshen reminded with gritted teeth, always keeping an eye on his boss's expression, and only felt relieved when he saw no changes.

Luo Qihong smiled and said, "I know. What I am really interested in is Qichang Life Fire and Marine Insurance Company. However, this matter has nothing to do with Zhaoan Real Estate Company. I plan to let my private company acquire it."

"If the acquisition is successful, who among you would be willing to work in insurance?"

Hearing this, the three looked at each other in bewilderment. Qichang Fire and Marine Life Insurance Company was a listed company with a considerable scale, but different industries have different worlds. Besides, the insurance industry is still not as good as the real estate industry, which is the backbone of the industry.

"There's no rush for this. You can go back and think about it slowly." Luo Qihong still planted a seed and said, "The real estate industry has its cycles, and the insurance industry will only become more and more prosperous, unless there is a financial crisis, and it has to be a global financial crisis."

Cheng Jianshen knew Luo Qihong best among the three. He knew that Luo Qihong wanted to vigorously develop the insurance industry. Even if Zhaoan Real Estate Company continued to expand, it would not be as powerful as one person alone.

"Boss, if the acquisition is successful, I can give it a try, but I don't know if I can do it well." Cheng Jianshen said modestly.

Chen Zhilong was a little stunned, not quite understanding why Cheng Jianshen threw away the watermelon and picked up sesame seeds.

However, Kang Wenyi understood a little bit that this required courage and confidence in the boss.

(End of this chapter)