Hong Kong 1980: The Savage Era

Chapter 275 Chapter 276 [Disguised Sheep Grabbing]

In fact, Luo Qihong didn't know the relationships among the members of the Chen family very well. He just felt that Chen Yongmou, who ranked second, had no prestige in the family, and even his younger brothers dared to bully him.

Although the infighting within the Chen family was serious, Chen Zengjing held great power, which kept the infighting within a controllable range, and he was very prestigious, which was quite different from Lin Zuhui in the early days.

Luo Qihong glanced at Luo Qixing and said dimly, "It's not a good thing to rely too much on the family, especially for a family with many members. Now is a good opportunity. If we didn't want to enter the electronics industry, I wouldn't spend so much effort on these things."

Chen Yusan understood what Luo Qihong meant. If her father was not decisive enough, there would not be such a good opportunity in the future. Luo Qihong would even cut off all cooperation with Chen Yongmou.

But think about it, if you encounter some resistance, you will think about retreating. Such a partner is really worrying. Who knows when he will retreat without warning and leave the partner to bear everything.

"Well, I will try my best to convince them. Even if my dad and the others don't do it, we will do it, just on a smaller scale." Chen Yusan showed a good attitude.

The next morning
Luo Qihong received news that the market value of Regal Hotel in Tsim Sha Tsui East has rebounded to 1.6 million yuan, and the net asset value of Regal Hotels Group has increased from 9280 million yuan to 2 million yuan.

The situation improved rapidly under the restructuring actions of Werley and Rothschild, but debt also increased.

The 7 million yuan loan from HSBC has arrived, which has cleared some of the matured debts of Regal Hotels and further eased the crisis of bankruptcy and liquidation of Regal Hotels.

"According to the next plan, the parent-child relationship between Regal Hotels Company and Bailibao Investment Company will begin to change. This will be conducive to the transfer of Regal Hotels Company's debts, but some assets of Bailibao Investment Company may not be able to be preserved." Bai Jinyan said solemnly.

"This has nothing to do with us. Our goal has never been to control these two companies. We just want to make a profit and leave." Luo Qihong leaned comfortably in the leather chair with a smile on his lips.

He wanted to swallow up the Regal Hotel and Palibao Investment, but he couldn't beat Luo Xurui and Wei Li. Look at the effort they put into restructuring the Regal Hotel and Palibao Investment. This is not something that ordinary people can do.

During the downturn in the real estate market, it was actually possible to restructure the debts and assets of real estate. Most people cannot do this, and they even dare not do it because they will end up bankrupt if they are not careful.

"That's right." Bai Jinyan nodded. "The share price of Regal Hotel Company should rise slightly today, and it is expected to increase by 7% to 8%."

"Once the next plan is announced, those shareholders will make a fuss, and Luo Xurui and Wei Li will have a headache." Luo Qihong laughed. Of course, these two people can handle these things, but it will take some effort.

"Will this have an impact on us?" Bai Jinyan was talking about reputation.

Luo Qihong smiled and said, "Of course there will be an impact. Those shareholders will definitely curse us, and if the news gets out, some people will say we are dishonest. But Luo Xurui and Wei Li are already at the forefront, so the impact on us is very limited."

This is already a bargain, we can no longer be so ungrateful, there is no such thing as getting a big reward without paying any price.

"We have purchased 3% of Hutchison Whampoa's shares. If nothing unexpected happens, we can acquire 1% by mid-January next year. However, the company's liabilities will increase to 11 million yuan, and the debt ratio will be 6%." Bai Jinyan reported with some fear.

Before the disaster, De'an Company's debt ratio was less than 10%. However, during the current disaster period, the debt ratio has increased by more than 3 times. This speed of expansion is really a bit scary.

"It doesn't matter! After Hutchison Whampoa has distributed its dividends, we can reduce some of the debt." Luo Qihong waved his hand, "Now is a good time to formally expand actively. It doesn't matter if there is a little more debt."

Since we know that Hong Kong's future is bright, why should we waver and be afraid to move forward?

If you miss this opportunity, you will never have it again.

"If we complete the acquisition of Hutchison Whampoa's shares, the debt ratio will exceed 50%. Should we sell off some high-quality assets to reduce the debt?" Bai Jinyan explained, "The interest here is too high. It will swallow up a lot of our profits."

Luo Qihong thought about it for a moment and felt that what Bai Jinyan said made sense. The increase in the value of high-quality assets could not keep up with the interest, so it would be better to sell them directly and repay the loans. From the perspective of short-term investment, it would be cost-effective.

"Okay, then you pick some and make a report." Luo Qihong said.

"Okay, I'll get it done as soon as possible." Bai Jinyan showed joy on her face. She has always believed that when assets and investments reach a certain level, one must be cautious and just grow slowly. There is no need to take too many risks. After all, all this is not easy to obtain.

However, Bai Jinyan is very clear about his position. Small matters are easy to deal with, but if it is a big matter, he cannot directly oppose Luo Qihong and must discuss it carefully. However, most of the time, Luo Qihong has the final say.

In the afternoon, Luo Qihong came to Zhaoan Real Estate Company again to deal with some accumulated official business.

Before they had dealt with a third of the affairs, Chen Zhilong and Cheng Jianshen came in together, with a hint of joy on their faces.

"Please sit down!" Luo Qihong glanced at the two of them and said lightly.

"Boss, good news! The Ho Tung family will have a large number of properties for sale in the near future, and the prices are very attractive." Chen Zhilong was the first to speak out and take credit.

The Ho Tung family is an old aristocratic family in Hong Kong. In the early days of Hong Kong, Ho Tung was the only one who could support the Chinese. Although he was stingy, he was very helpful to the Chinese. Many families had benefited from Ho Tung.

The current head of the Ho Tung Family is Ho Tung's son, Ho Sai-lai. He has no talent for business, but as a former soldier, he can protect the family business relatively well. Therefore, the Ho Tung Family still has influence in Hong Kong that cannot be underestimated.

The most prominent figure in the Ho Tung family today is Ho Hung-hing, the son of Ho Sai-lai. This son is a bit of a spendthrift, and relies on the family's wealth to ensure his luxurious lifestyle. He also contributes to the sale of family assets.

Of course, this is also the main reason why He Shilei is hooking up with Taiwan.

"What's the price?" Luo Qihong chuckled. There are so many properties on the market now, and the word "tempting" is difficult to understand.

Chen Zhilong smiled and said, "8% of the current market price. The properties for sale include Tung Hing Building in Mong Kok and Commercial Daily Building in North Point. Especially Tung Hing Building, which is priceless."

Tung Hing Building in Mong Kok is located at No. 26 Tung On Street, covering an area of ​​1.7 square feet and a floor area of ​​18.36 square feet. It has 1 basement floor, 3 shopping mall floors, and the rest are office buildings.

At its peak in 82, Dongxing Building was worth more than 6 million yuan, but now it is only worth more than 2 million yuan, a drop of more than 6%, close to 7%, which is really shocking.

Luo Qihong pondered for a while and asked, "The Ho Tung family is selling the Commercial Daily Building. What will happen to the Commercial Daily under its umbrella? Will it move out or sell it?"

"Do you want to acquire the Industrial and Commercial Daily?" Cheng Jianshen asked in surprise.

Luo Qihong nodded and said, "If the price is right, I would like to do so. What? Is there a problem?" Cheng Jianshen knew very well that his boss was leaning towards the mainland, and the "Industrial and Commercial Daily" was in the hands of He Shilei, so it was naturally leaning towards Taiwan. This situation has lasted for decades, and it is difficult to change the public impression of a daily newspaper. This means that it will be difficult for the audience to change, and the sales will be in a dilemma.

So Cheng Jianshen explained these things tactfully.

Luo Qihong pursed his lips and said awkwardly, "Jian Shen, you reminded me well. This is a landmine, and it is not suitable for me to take over."

Chen Zhilong's words broke the serious atmosphere. "Boss, the Ho Tung family does not intend to sell the Commercial Daily. I'm afraid they are more inclined to close it down. It seems that they have already started to work on it."

This sentence made Luo Qihong feel a little embarrassed. It seemed that the two of them were being too sentimental.

Luo Qihong coughed a few times and said, "It seems that the Feng Shui of this Industrial and Commercial Daily Building is not good. Remove it from the list."

"Then which properties should we acquire? Dongxing Building is the most valuable of these properties." Chen Zhilong promoted Dongxing Building without any concealment.

"What property we can buy depends on how much money we have." Luo Qihong smiled faintly.

Chen Zhilong replied, "I have already asked the finance department, and there is still more than 3 million in cash in the account, which can be used to acquire properties other than Dongxing Building."

"Discuss the matter of Tung Hing Building in Mong Kok with Ho Sai-lai and Ho Hung-hing. Don't consider other properties for the time being." Luo Qihong restrained his smile and said to Chen Zhilong in a serious tone.

"Boss, other properties are lower than the market price. Didn't you say before that property prices would bottom out? This batch of properties is even lower than the current market price." Chen Zhilong continued to persuade with great interest.

"Except for Dongxing Building, other properties are worthless. We have already spent a lot of money on properties and increased the company's debt. So next we have to choose some relatively high-quality properties with fast price recovery, rather than buying whatever is cheap." Luo Qihong said in a somewhat reproachful tone.

"Yes! I understand." Chen Zhilong noticed the change in his boss's mood, realized the embarrassment just now, and regretted that he spoke too quickly without thinking.

After Chen Zhilong and Cheng Jianshen left the office, Luo Qihong began to fall into deep thought again.

It is true that he was guided by the memories of his past life, but his understanding of this era was still a little lacking. Compared with those tycoons, he was a little immature and underestimated the impact of the crisis on the company.

The Ho Tung family's behavior of selling properties will definitely attract the attention of some interested people, and will have a small-scale impact on the entire city. After all, the Ho Tung family's influence in Hong Kong is extraordinary, and it is easy to create the illusion that "the Ho Tung family has heard some news from the Hong Kong government."

In fact, the negotiations between the two countries have reached a deadlock and Britain has fallen into a disadvantage, which makes some people even more worried.

Suddenly he remembered Huaguang Real Estate Company, which had a considerable amount of cash in its account. Zhao Shizeng had always wanted to share the dividends, but was rejected by Luo Qihong.

This money can just happen to be used to buy properties in Hong Kong, but Huaguang Real Estate Company is still in the hands of Zhao Congyan's family. He needs to take back control as soon as possible, but the Zhao Congyan family has not reached the point of desperation, which can easily cause resistance and things can easily become troublesome.

"It seems that I need an opportunity and can't force it." Luo Qihong touched his chin and muttered to himself.

Luo Family Deep Water Bay Villa at night
There were fruits and snacks on the iron table. In front of the brothers Luo Qihong and Luo Qixing was a cup of boiling water, and in front of Chen Yusan was a cup of hot coffee.

"Ah Hong, I got a reply from my dad. He agrees with your suggestion and will continue to run the electronic component company." Chen Yusan took a sip of coffee and paid attention to Luo Qihong's expression.

"Well, then go ahead. You can ask Hexiang Trading Company for help with anything you need." Luo Qihong had already anticipated Chen Yongmou's reply. Most people would not give up such a selfish project easily, not to mention that this was the most critical step for Chen Yongmou to break free from family control.

Chen Yusan thanked him and continued, "The paper company has already opened and is currently profitable. If we want to expand, we may need your help, Ah Hong."

Luo Qihong was not surprised at all and asked, "Have the markets of electronics companies and printing companies been fully absorbed?"

"It's almost there. The daily turnover has exceeded one million yuan, and the first investment will be earned back soon." Chen Yusan smiled happily. It seems that the paper company can make a lot of money.

"That's great. How do you want me to help the company?" Luo Qihong asked.

"I know that Hexiang Trading Company has many partners. I wonder if we can let those cooperating companies use the paper company's products for packaging?" Chen Yusan's vision is still good. She actually set her eyes on this piece of fat meat.

"Sister-in-law, those companies are not subsidiaries of Hexiang Trading, and they may not give me face. But you can try. I will let the staff of Hexiang Trading Company accompany you to visit the heads of those companies." Luo Qihong naturally would not show up in person. This was a trivial matter, even if it was a family business.

After a while, Luo Qixing finally spoke, "The paper company is on the right track and will be profitable soon. The electronics company will not have any problems with my father-in-law's help. I want to start working on the real estate business."

Luo Qihong knew he couldn't stop it, but he wouldn't help with the funding. "Brother, have you found the source of funds?"

"I plan to embezzle some of the funds that were originally intended to be returned to you. I will first enter the market to understand it, and then consider increasing the funds." Luo Qixing said cautiously.

"Okay, the plan is going according to plan." Luo Qihong secretly sighed, but he still couldn't be so cruel, and said, "After New Year's Day, there will be an auction. We can go and see it together. Big brother can also learn about the situation in the local city."

An auction can be said to be a miniature version of a city, which can reflect many current situations in the city in a short period of time. As long as you are careful enough, it can also help real estate developers understand some things.

Hearing that Luo Qihong was willing to take him to the auction, Luo Qixing knew that Luo Qihong was no longer angry, and his mood suddenly improved. He glanced at Chen Yusan unconsciously, as if to indicate something.

Regal Hotels Corporation Board Meeting
Many shareholders gathered together, Wei Li sat in the first seat, Luo Xurui and Luo Qihong looked at each other.

After the opening remarks, Wei Li talked about the company's current situation and asked his secretary to distribute the internal restructuring plan.

The plan was that Regal Hotels would publicly offer approximately 1.1 million new shares at a price of RMB 3 per share, raising RMB 3.27 million (these new shares were actually taken over by Paliburg Investment Company).

Regal Hotels sold all of its shares in Palibao Investment Company to Wei Li's Asia Securities Investment Company, Luo Xurui's Ruiyuan Company and Luo Qihong's Zhaoan Real Estate Company for 6675 million yuan
Under this plan, Bailibao Investment Company would become the parent company of Regal Hotels Company, and the equity of those shareholders would be diluted. Wei Li, Luo Xurui and Luo Qihong would control Bailibao Investment Company at a very small cost.

The stocks held by these shareholders seemed to have appreciated, but in fact they had depreciated, because the asset value of the Regal Hotel had decreased in disguise, and the loss of the lucrative Palibao Investment Company only enriched Luo Qihong and the other two.

(End of this chapter)