Hong Kong 1980: The Savage Era

Chapter 294 295 [Two Human Relationships]

Chi Chang Fire & Marine Life Insurance Company is one of the few companies in Hong Kong that has its insurance business listed. Although competition in Hong Kong's insurance industry is fierce, its market share is not low, at about a quarter.

The most competitive among them are the insurance companies under Hang Seng Bank and Jardine Matheson Insurance Company, which account for 30% and 20% of the market respectively. The remaining share is snatched by various insurance companies.

Luo Qihong privately holds 46% of Qichang Life Fire & Marine Insurance Company and is the largest shareholder. He has been elected by the board of directors to become chairman and general manager, responsible for the company's decision-making and daily operations.

In fact, nothing bad happened to Qichang Life Fire and Marine Insurance Company when it was in the hands of Jianing Company. Chen Songqing only acquired the company to increase the asset value of Jianing Company. He had never done anything like raising funds, so the company's debt situation was still good.

This is also one of the main reasons why Luo Qihong bought this equity.

High-rise conference room

Luo Qihong sat in the first seat, holding documents in his hands, and looked at the senior executives.

He was a newcomer and didn't know many of the senior executives present, but he had management experience and certainly could not say that he could not grasp the current situation.

"Everyone, the company's business volume has been stagnant for a long time, without any progress. Do you have any good suggestions?" Luo Qihong asked expressionlessly.

He has never been fond of polite words, but sometimes he has to say them. Now that this is his home court, he naturally won't say anything and it's better to be direct.

"Chairman, the economic situation has been bad in the past two years. It is not easy to maintain the original business volume. We really have no way to increase it unless we expand overseas markets." Shang Zhanjin, the department manager with average looks and a shabby figure, said timidly.

It seems that he was chosen by the top management to be the first to stand out.

Luo Qihong asked, "Then why did the company invite you back? Just to get a salary? Anyone can do this kind of work, right?"

"I'm not the kind of person you think I am. Don't think you can get away with it just because I've never worked in insurance. I'll give you three days. If you don't have a feasible plan, I will fire our deputy general manager, and then I'll fire everyone from the highest to the lowest level."

Deputy General Manager Li Minghao's face changed slightly. He had not checked Luo Qihong's information, but had only seen some of Luo Qihong's deeds in newspapers and magazines.

As the media often hypes up certain people, and due to the impact of the bankruptcy of Jianing Company, Li Minghao believed that Luo Qihong was just a front-stage representative of certain people and was not as powerful as people said in the market. So he came up with the idea of ​​decentralization, and Shang Zhanjin was his pawn.

"Mr. Luo, although you are the general manager, if you want to fire me, you must get the consent of the board of directors." Li Minghao said stubbornly.

"I am the chairman of the board and the largest shareholder of Qichang Life Insurance. I don't need to propose to the board of directors." Luo Qihong said, "If necessary, I can also fully acquire Qichang Life Insurance. I am not Chen Songqing. I allow you to govern yourself. Those who are willing to obey can stay, and those who are unwilling can leave. It's that simple."

Chen Songqing, this madman, has been making acquisitions and has been somewhat indifferent to management, which has led to the current situation of Qichang Life Fire and Marine Insurance Company.

Luo Qihong is not Chen Songqing. The companies he acquires must be brought under the scope of management and no one is allowed to be outside the controllable scope, especially a troublemaker like Li Minghao.

Hearing this, Li Minghao sat down dejectedly, glancing at his colleagues casually, feeling very guilty.

Li Minghao is just a senior employee. Even if he can get the support of some directors, he will not be able to defeat Luo Qihong.

"The second thing is that I am considering personnel adjustments in the company, and the board of directors has authorized me." Luo Qihong had just made a special test, and now the personnel adjustment was the real deal.

After the meeting, Luo Qihong returned to his office and informed his secretary that there was no need to pass on the message to those who wanted to see him today. They could just knock on the door and come in.

Although Hong Kong's economy has improved, it is still in a downturn. These senior executives certainly do not want to be fired, so they can only come and join Luo Qihong. If they are lucky, they can be promoted or transferred to other better positions.

What surprised Luo Qihong was that the first person to knock on the door was Li Minghao.

"Luo Sheng!" Li Minghao bent down slightly.

Luo Qihong smiled politely and said, "Deputy General Manager Li, what can I do for you?"

Li Minghao stood in front of Luo Qihong and said with a smile, "Mr. Luo, I apologize for the offense just now. I have a good suggestion that can increase the company's business volume."

"Oh? Any suggestions? Tell me about it!" Luo Qihong said without much concern. He had memories from his previous life and knew something about the types of insurance.

Therefore, it is not difficult for him to increase the company's business volume, and there is no need for Li Minghao to come and act nice.

"The company can launch targeted disease insurance, such as cancer." Li Minghao's attitude was very good, which was completely different from his attitude at the meeting.

Luo Qihong would not lie, this was indeed a good idea, "Good suggestion! It should help the company increase its business volume. Did you just think of it?"

Li Minghao's heart skipped a beat. Still unwilling to let me go?
"Yes, your request stimulates my potential." Li Minghao smiled awkwardly.

Although Li Minghao admitted defeat and surrendered, in Luo Qihong's opinion, such a person cannot be trusted, so he must find someone to share Li Minghao's power.

And we should always be on guard against this kind of thing. After all, fence-sitters are time bombs, so we should be careful not to be blown up. Then Li Minghao said a few more words of loyalty before reluctantly leaving.

After Li Minghao left, many management staff came in one after another. When they met each other, they didn't feel awkward, but just explained a few words with a smile.

The world of office has always been like this, following the rule of 'If my friend dies, I'd rather die than let myself die'.

Some people come to report, most of them report their superiors, because only when their superiors fall will they have the opportunity to get promoted.

Although the goal was achieved, Luo Qihong still felt a little nervous. Almost 8% of the management staff had come, and he needed to screen them one by one. The workload was too heavy, and it was impossible to fire them all.

"Let's transfer some management staff from other companies to help with the identification." Luo Qihong could only use the old method, otherwise all his time would be wasted here.

He will only start to reorganize and expand the business after he has sorted out the personnel positions at Qichang Life, Fire and Marine Insurance Company. Otherwise, the foundation will be unstable and it will be easy for a fire to break out in the backyard.

At around 3 o'clock in the afternoon, Luo Qihong came to the Mandarin Oriental Hotel and made an appointment with Charter Boat King and Li Zhaoji.

"Mr. Li, Mr. Luo has already talked to me about this, but the share price we took over is still much higher than the market price. Can we negotiate with Mr. Li from Cheung Kong Holdings to get a lower price?" The charter ship king put down his wine glass and said with a chuckle.

Li Zhaoji said, "I can go and talk to him, or I can ask Mr. Li Jiacheng to come out and you can talk to him directly, but I don't think the possibility of lowering the price is high."

"You should know that Mr. Li Jiacheng spent a lot of money on the acquisition of the electric light company. He naturally doesn't want to suffer any losses."

"Well, that's it!" The charter king nodded slightly, looking a little embarrassed. This was not a small amount of investment.

"Mr. Bao, Mr. Li, I have a suggestion. I wonder if I should say it or not?" Luo Qihong came up with another plan.

The charter king looked at Li Zhaoji and asked what he meant.

Li Zhaoji nodded and said, "Mr. Luo, please speak."

"Doesn't Mr. Li Jiacheng have shares in International City Company? What do you think if they can be sold together?" Luo Qihong said with a smile.

"." Li Zhaoji didn't know how to refute it for a moment, and was worried that the charter king would misunderstand.

The charter king pondered and asked, "Will Mr. Li Jiacheng agree? This seems a bit like taking advantage of someone's misfortune."

"Mr. Bao, I don't think this is taking advantage of the situation. The companies under Mr. Li Jiacheng are doing well and he can choose not to sell them. We won't force him to sell them." Luo Qihong tried his best to do psychological work on Mr. Bao.

"That's true." The boat charterer glanced at Li Zhaoji, waiting for his answer.

The shares of International City Company have great investment potential. Not to mention the land of the old power plant in North Point, all other land of the Electric Light Company will be developed by International City Company, with a profit of at least 30 billion.

Even if all the land is developed in the future, the foundation of International City Company will be able to catch the eye of King Bao. When the whole company is swallowed up, the Bao family will be able to become a powerful real estate developer.

"Mr. Luo's suggestion is very good. We should still test Mr. Li Jiacheng's attitude." Li Zhaoji knew that he had no choice.

The next day, Li Zhaoji met with Li Jiacheng to discuss the matter.

Li Jiacheng also knew that once he sold the shares of the Electric Light Company, he would also lose the shares of the International City Company. Cheung Kong Holdings held too many shares, so it would be better to reduce some of them.

Therefore, Li Jiacheng agreed to sell 10% of the shares of International City Company to Pao Yue-kong at the market price.

Under such circumstances, Pao Yue-Kong would have to pay nearly 38 billion yuan to acquire these two shares, which was really too high.

"Mr. Luo, I can pay the extra premium and you can take over 12% of the shares of the electric light company at the market price. Are you interested?" Pao Yue-Kong said to Luo Qihong.

Luo Qihong smiled and said, "Mr. Bao, you are the world's shipping king. This 38 billion Hong Kong dollars should not be a big problem for you."

Pao Yue-kong sighed and said, "Mr. Luo, you don't know that I acquired a lot of properties and two real estate companies in the past two years. In addition, Wharf's Harbour City has not yet paid back its investment, so I don't have much money now."

Luo Qihong thought about it and decided that if he agreed to this, he would be doing two favors for the charter king. Besides, the share price of the electric light company would still rise, so he could sell off his holdings then.

"Okay, then I'll take the 12% stake." Luo Qihong agreed.

"Haha!! Thank you, Mr. Luo." The boat charter king clinked his glasses with Luo Qihong.

(End of this chapter)