Hong Kong 1980: The Savage Era

Chapter 267 268 [Did Chen Yushan do this? ]

Mid April

The immigration wave to Hong Kong has subsided a bit, and many wealthy people have calmed down and started to take a wait-and-see attitude towards Hong Kong's future. As a result, land prices have gradually stabilized and no longer fallen.

This situation has given some real estate developers a glimmer of hope, but this glimmer is very limited.

The depreciation of the Hong Kong dollar has ushered in a period of growth for Hong Kong's export trade. The export trade volume in October reached 10 billion Hong Kong dollars, accounting for one twentieth of the local GDP, among which electronics, clothing and other products ranked at the top.

This also made Hexiang Trading Company earn a lot of money. In October alone, Hexiang Trading Company made a profit of 10 million yuan, but it was not as good as leading companies such as Hengchang Enterprise and Jardine Trading.

Meeting room of Jingmou Electronics Company

This meeting was again chaired by Chen Zengjing himself, and the topic involved the electronics company acquired in Japan.

"Today's meeting is mainly about the acquisitions and profits of the past two months." Chen Zengjing held the documents tightly with both hands, and his voice was quite deep. "Since the design capabilities of the company acquired in Japan are relatively strong, I have asked the company there to be responsible for design, and the Hong Kong side will be responsible for assembly and other work."

Luo Qihong knew very well that the acquired Japanese electronics company was just a small company with limited design capabilities. It could design some small electronic products, but could not design products that were slightly more difficult, such as high-end audio equipment.

In other words, Jingmou Electronics Company is still an enterprise mainly engaged in basic assembly and production of simple electronic products. It is not a high-tech company and its ability to resist risks will not be very strong.

At the beginning of the acquisition, Luo Qihong reminded Chen Zengjing and others, but unfortunately Chen Zengjing was unwilling to spend too much money. He just wanted to maintain the status quo and gradually transform into a high-tech company. Such a plan would take a long time.

The high-tech trend has already emerged in countries such as the United States, Japan, and South Korea. If we don't seize the time, we will never be able to catch up with those countries. Over time, our company will only be reduced to a small company that processes cheap labor and will not be able to turn around.

Of course, this is the Chen family's company, and Luo Qihong is just a shareholder who can withdraw at any time. There is no need to do things for people who he would offend. Being too strong will only make his situation difficult.

"Ahhong, can Hexiang Trading Company handle more sales? The company is preparing to increase production volume to capture more market share." Chen Zengjing said to Luo Qihong.

Luo Qihong recalled the current situation of Hexiang Trading Company and replied, "Yes, there is no problem in increasing the volume by another 30%."

"Okay, then starting from next month, the sales volume will increase by 30%. Qimou, do you have any problems?" Chen Zengjing turned to look at the third brother, Chen Qimou.

Chen Qimou nodded and said, "No problem. The production department can complete the production on time and deliver the goods to Hexiang Trading Company."

After making a series of arrangements, Chen Zengjing mentioned the company's profits. "Last month, the company's sales were 3 million yuan, an increase of nearly 6% over September. This is not our credit, but the depreciation of the Hong Kong dollar has increased our sales."

"The prices of our products will be lowered by about 25% in the future. Some of our raw materials are still imported, so the prices have risen a lot."

In fact, the extra profits are all fictitious. They need to be used to cope with the rising prices of raw materials and cannot be put into the pocket of Jingmou Electronics Company.

Luo Qihong suddenly felt that he should increase exports to Japan, earn foreign exchange, and take advantage of the appreciation of the yen.

By the time the meeting was over, it was already time for lunch.

"Ah Hong, my father-in-law said he wants to invite you to dinner. I wonder if you have time?" Luo Qixing said with a little joy on his face. He didn't seem very happy about this matter.

Luo Qihong thought for a few seconds and said with a smile, "There is still time for a meal. Did Uncle Chen say something to you? Why are you so unhappy?" Luo Qixing shook his head, "No, it's something about the company."

"What's the matter? Do you need my help?" Luo Qihong asked. They were brothers for life, and even if he had to help Luo Qixing walk, he could still make sure Luo Qixing had a place in Hong Kong's upper class society.

Luo Qihong had no choice. In comparison, his elder brother Luo Qixing's understanding and ability were still not good. He could only pay more attention himself.

Luo Qixing waved his hand and said, "No need, I can handle it myself, it's just a small matter. Let's go, let's go eat."

Came to the nearby restaurant, the standard is not high, but it is already the best nearby.

In the private room, Chen Yucan shuttled back and forth, pouring wine for everyone.

Although Chen Yucan and Luo Qihong are of the same age, Luo Qihong's status is much higher than his. It can be said that he has the highest status in the private room. It is only because of Chen Yongmou's elder status that his status is barely lowered.

Chen Yucan naturally looked reluctant. He had always been a high-ranking person outside, but today he became a waiter responsible for pouring wine. This gap made him really uncomfortable.

"Ah Hong, I'll toast you!" Chen Yongmou raised his glass and stood up, then said to Luo Qihong with a smile.

Luo Qihong said he didn't dare and moved the cup closer. After all, Chen Yongmou was the father-in-law of his eldest brother Luo Qixing, so they should give each other some face.

"You still have to worry about product sales," Chen Yongmou said a lot of nonsense, and then said, "I think the market for electronic components is huge, especially in Hong Kong and Japan. If you can open an electronic component production company, you should be able to make a lot of money."

Luo Qihong glanced at Chen Yusan. Wasn't this the plan she had proposed before? How did it become Chen Yongmou's? Was it because of this that his elder brother was unhappy?

"Uncle, do you want to start a company that produces electronic components?" Luo Qihong said vaguely, "It should be easy for Jingmou Electronics Company to do this. I can help you open up the key to the Japanese market."

Chen Yongmou laughed dryly and said, "It's not Jingmou Electronics that is opening a new company, it's me who is opening a new company. What do you think?"

Luo Qihong blinked and said, "Second Uncle wants to leave the family behind and start his own company?"

Chen Yongmou nodded heavily. "Ah Hong, you don't know much about family affairs. In fact, my brothers all have their own companies outside, but they are smaller in scale. If I don't plan for the future, I'm afraid I will run out of money."

Luo Qihong glanced at Chen Yongmou and said, "Since we are going to do it, we might as well make it bigger. You don't have to worry about sales, but I have one condition."

"Please tell me! I will definitely do whatever I can do." Chen Yongmou knew very well that as long as he got close to Luo Qihong, the operating risks of the new company would be reduced to a minimum.

Luo Qihong smiled and waved his hand. "It's just a small matter. I hope to own 35% of the shares. This 35% is not for me, but for my eldest brother and sister-in-law. Only when a family runs a company can they work hard to make it bigger."

Chen Yongmou couldn't help but sigh that Luo Qihong was really "sly" in his work. The equity he asked for was just at the point that he could accept, and it belonged to his daughter and son-in-law. If he couldn't even tolerate these two people, he believed it would be difficult to set up the new company.

"No problem! We are all family." Chen Yongmou said.

Chen Yusan's eyes sparkled. She took the opportunity to walk over and pour Chen Yongmou a glass of wine. She said, "Dad, Ah Xing and I are planning to open a paper company. You've been working in the electronics industry for so long, so you must know a lot of people. Please introduce us to some clients. Anyway, those people also need cardboard boxes and so on."

(End of this chapter)