Hong Kong 1980: The Savage Era

Chapter 253 253 [Just the right time]

Monday, September 8
Luo Qihong is in charge of De'an Securities Investment Company. Bai Jinyan is not here, so he needs to pay more attention to De'an Company.

Although De'an Company's investments are all healthy investments with great potential for appreciation, the current situation is very complicated. Without him in charge, his employees will be in a panic.

If a rumor spreads that the boss has run away, there may be some bad effects.

Turning over the documents on the table, the first one was about Hong Leong Investment Company. Dao Heng Bank, a subsidiary of Hong Leong Investment Company, relied on its foreign capital status to gain the favor of some wealthy people who immigrated to Southeast Asia, and thus its strength increased a lot.

Today, the market value of Hong Leong Investment Company has exceeded 10 billion yuan, making it a medium-sized investment company. It has become very popular and has a bright future.

The 20% equity held by Dean Securities Investment Company successfully increased to 2 million yuan, and the profit doubled directly.

Of course, this is just a small investment by De'an Company, and the big investment is still in Japan.

The market value of the Japanese branch is close to 8 million yuan, including shares in Nikkatsu Film Co., Ltd. and Nikkatsu Cinema Real Estate Co., Ltd. The latter has appreciated rapidly, having doubled from last month.

Today's wealthy businessmen in Hong Kong are in a panic. Luo Qihong's De'an Securities Investment Company is doing well in the Japanese stock market and local markets, so many customers come to the company hoping to invest the cash they have raised in the Japanese stock market.

They are worried that if they wait any longer, the Hong Kong dollar will become even less valuable. After all, it has already depreciated by nearly half.

This also benefited Luo Qihong, as Dean Securities earned several million yuan in commissions. The amount of commissions was increasing and was expected to exceed 10 million yuan.

In fact, there are quite a few securities companies in Hong Kong that are engaged in the business of cashing out assets and investing in the Japanese market, and they have also put up a lot of advertisements. Unfortunately, they cannot gain much influence because of word of mouth among wealthy circles, so they cannot compete with Dean Securities.

"Mr. Luo, Hong Leong Investment Company is also investing in the Japanese market, and there are signs that it is competing with us," Zhang Haipeng reported.

Luo Qihong was slightly startled. He did not expect this situation to come so quickly. "Try not to conflict with them. As long as it is not excessive, ignore them."

"Yes! I heard that Guo Lingcan, who is in charge of Hong Leong Investment Company, also issued a similar order. The market is so big that it should be difficult for us to really have a conflict." Zhang Haipeng explained.

Luo Qihong thought for a moment and said, "When the market value of Hong Leong Investment Company exceeds 20 billion yuan, we can sell some of our shares and try to get back our investment costs."

Hong Leong Investment Company is a popular company and will have greater returns in the future, but currently Dean Securities Investment Company has many investment ideas.

The most important thing is that Luo Qihong wants to acquire part of Hutchison Whampoa's shares through Dean Securities Investment Company. Deep down, he still wants to take over Hutchison Whampoa.

Zhang Haipeng wrote down Luo Qihong's instructions in his notebook, and then said, "According to the feedback from the investigation, Fenglong Investment Company's recent actions have been too big and have attracted the attention of some people. There may be repressive measures. Do we want to help?"

Luo Qihong crossed his fingers and said with a smile, "If Guo Lingcan can't even handle these things, then it's a good thing for Hong Leong Investment Company to change its owner. We are not the financial backer of Hong Leong Investment Company. In a sense, Hong Leong Investment Company is the private property of the Guo family. We are just investors, not even allies."

"Hang Lung Bank has already recovered some of its costs from the bankruptcy liquidation of Xie Liyuan Gold Shop, but the loss is estimated to be as high as 3 million yuan. We also spent 1 million yuan to acquire 8 shops from the bankruptcy liquidation of Xie Liyuan Gold Shop, including 2 shops in Central, with a total area of ​​1 square feet." Zhang Haipeng continued to report.

"What's the current situation of Hang Lung Bank?" Luo Qihong asked. He smelled a business opportunity again, perhaps he could get some benefits.

"The situation of Hang Lung Bank is not optimistic, but it is not the worst in the current market conditions, and the risk of bankruptcy is much lower than before," said Zhang Haipeng based on his analysis of the available information.

Luo Qihong shook his head with a serious expression, "I don't believe that Hang Lung Bank only has one bad debt, Xie Liyuan Gold Bank. They couldn't even detect the obvious bankruptcy of Xie Liyuan Gold Bank in advance. I think the senior management of Hang Lung Bank must have other bad debts, which may not be smaller than Xie Liyuan Gold Bank."

Hu Yanni interrupted and said, "According to the practice of the Hong Kong government, it is unlikely that Hang Lung Bank will be allowed to go bankrupt. We cannot take over this mess of Hang Lung Bank. It will be difficult to make a profit."

Hu Yanni's reminder made sense. Heng Lung Bank had a lot of depositors' money. How could it swallow up the money of these citizens? "Is there really no way to make a profit?" Luo Qihong asked without giving up.

"Perhaps we can take over the bad debts of Hang Lung Bank. As long as we reduce the price to 2% or 3%, there is still a high possibility of making a profit." Zhang Haipeng said bravely.

If you want to get ahead, you have to take risks, otherwise you will just stay in the same position.

Take the bad debt?!
This reminded Luo Qihong of the scene where the mafia gang violently demanded repayment of debts. Even the bank couldn't get the loan back, so how could De'an Securities Investment Company possibly get it back?
Luo Qihong felt that the possibility of success was slim, and he might even become a sucker and be cancelled by his peers.

Zhang Haipeng put forward his idea in a perfect way. "Some bad debts are caused by the sharp drop in the land market. The collateral is still there. Shouldn't we spend money to acquire these assets? This way we can save more money."

"The Zhuang brothers of Hang Lung Bank may be able to see the trick. How can they let us take it down so easily?" Luo Qihong shook his head. Ideals are beautiful, but reality is cruel.

Zhang Haipeng smiled and said, "It doesn't matter whether the Zhuang brothers are willing or not. Hang Lung Bank is now unable to withstand the first wave of crisis. What they want to do now is how to keep the control of Hang Lung Bank. Nothing else matters."

"The property alone is not enough to impress us. The risks involved are still quite high." Luo Qihong felt that the profit was too small, so it would be better to consider other companies and banks.

Zhang Haipeng smiled slyly, "Perhaps we can take this opportunity to acquire some of the high-quality company shares held by Hang Lung Bank."

These words hit the nail on the head for Luo Qihong. The money that can be earned from property is limited, and the company's equity is more profitable.

"Then I'll leave this matter to you. The number of bad debts should not be too large, and they also need to be identified." Luo Qihong smiled faintly.

"Yes!"

Then the three of them talked about the current financial environment. The bad situation has both advantages and disadvantages.

The advantage is that there is the possibility of getting involved, but the disadvantage is that the opportunities to make money are reduced, there are dangers everywhere, and it is easy to fall into the quagmire.

However, for a time traveler like Luo Qihong, it is definitely a good opportunity and the best time to get involved in a lucrative industry.

At 4 o'clock in the afternoon, Luo Qihong left De'an Securities Investment Company and went to Fujia Newspaper Company in Kowloon Bay.

Magazine sales are not very good nowadays, but newsprint sales have doubled. The reason is the immigration wave under the policy situation, and many people have no interest in entertainment.

Editor-in-chief Yu Jichang was also very worried. He came to Fujia Newspaper to make great achievements. He had just started the new magazine and the costs had not yet been recovered. Now, sales were declining, and it would be difficult for him to explain to Luo Qihong.

"Editor Yu, don't be too anxious. It's not that the quality of the magazine is bad, it's just that it's not timely." Luo Qihong personally poured a cup of tea for Yu Jichang with a smile on his face.

Hearing this, Yu Jichang felt relieved and his nervous expression relaxed a lot. "The quality of the magazine is not as good as expected. I thought I could get my money back by the end of the year at the latest. Now... Alas, I underestimated the situation."

Luo Qihong put down the teapot and said, "Then wait a little longer. Fujia Newspaper is not short of the one million or several hundred thousand for the time being, but I hope you won't slack off. If the market is not good, then stay quiet and study the content of other new magazines. When the market is good, you can become a hit right away."

"Yes, Luo Sheng is right. I will pass it on."

"Our sales are not good, and the sales of other newspapers are not much better. So can we do some other project expansion?" Luo Qihong smiled.

(End of this chapter)