Hong Kong 1980: The Savage Era

Chapter 299 300 [Hang Seng Bank Charity Association]

Jingmou Electronics
The atmosphere in the meeting room was solemn and the directors' faces were gloomy, as if something big had happened.

The two brothers Luo Qihong and Luo Qixing sat together, their expressions also a little gloomy, but better than the Chen family's faces.

Luo Qixing finally figured out how to get along with the Chen family. He realized that this group of people valued interests over personal relationships, which was very different from the way they got along with the Luo family, so he changed some of his ways of doing things.

"This batch of capacitors are all inferior products, which directly caused product losses of more than one million yuan. Combined with the loss of materials themselves, the overall loss is more than 2 million yuan. Chen Qimou is responsible for importing this batch of goods. You can explain it to everyone." Chen Zengjing stared at his third son Chen Qimou and said.

Chen Qimou swallowed and said, "I'm sorry, this is my fault. It's all my fault for not carefully testing the quality of this batch of goods. In the future, I will strictly check the inspection process to prevent this kind of thing from happening again."

This is an understatement, downplaying the responsibility that should be borne. To put it bluntly, it is an attempt to evade responsibility.

Luo Qihong and Luo Qixing chose to remain silent. If Chen Zengjing did not give a reasonable explanation, they would withdraw their investment. It would not be as simple as Chen Qimou said.

Chen Qimou seemed to treat everyone present as fools, but forgot the fact that they were much smarter than him.

"If it was a mistake, it would be fine. But for such a large batch of goods, it's probably not a simple mistake." The fourth son Chen Yimou said slowly, his tone mostly sarcastic.

Although they are brothers, there have always been many fights between them. Chen Yimou certainly does not want to miss such a good opportunity.

Chen Qimou looked at Chen Yimou coldly, wishing he could eat Chen Yimou alive. At this time, he was still making sarcastic remarks.

"The fourth brother is right. It is not in line with the board's procedures to clear the responsibility with just two or three sentences." The eldest son Chen Beimou sneered and said, "Even if there is an investigation, I'm afraid it will be done by others."

Although the saying goes that family disgrace should not be made public, the Luo brothers are already well aware of the conflicts within the Chen family and there is no need for them to avoid them. They also don't want to let the third brother get away with it easily. After all, this is a rare opportunity.

"This is the investigation report." Chen Zengjing placed the document in front of the Luo Qihong brothers, "Ah Xing, Ah Hong, please take a look at this report first."

Luo Qixing glanced at it briefly and handed it to Luo Qihong with a stern look on his face.

It turned out that the huge defects in this batch of components were caused by Chen Qimou, who colluded with suppliers and bought this batch of inferior components in exchange for kickbacks.

The kickbacks he received for goods worth millions were as high as 30 yuan, which shows how crazy Chen Qimou was.

Luo Qihong passed the report down again, turned to Chen Zengjing, and asked, "Mr. Chen, how do you plan to deal with it?"

This is enough to file a lawsuit against Chen Qimou, and even have the police send people to arrest Chen Qimou. Not only will he need to compensate the company for its losses, but he will also have to go to jail.

However, considering that Jingmou Electronics is a family business and there are more human relationships involved, there is no need to make it so serious.

"Do things according to the company's rules and regulations." Chen Zengjing did not intend to be partial to others on the surface, but in fact he was thinking about being partial to others.

Luo Qihong looked around and said politely, "I think the 2 million loss can be salvaged and reduced to more than 1 million. Uncle Chen is certainly responsible for a lot, but considering the company's stock price, I think we should make it a small matter."

Seeing Chen Qimou was very excited, Luo Qihong changed his tone in an instant, "But I think Fourth Uncle Chen is not suitable for a specific position in the company. Keep the status of director and leave other work to others. As for the 30 yuan in the report, it must be returned to the company in full, and a fine of one year's dividends will be imposed."

Everyone who read the report was silent. They all knew that this was Luo Qihong's final attitude. Combined with Chen Zengjing's attitude, there was almost no possibility of it getting worse.

"I agree with Ah Hong's suggestion." Chen Beimou said tactfully, with the intention of trying to gain favor in front of Luo Qihong.

After everyone expressed their opinions, Chen Zengjing's expression eased slightly, but it was still very cold. "Since everyone agrees, then we will follow this suggestion. Who do you recommend for the position vacated by Chen Qimou?"

Chen Qimou sat in his seat with a dead heart, and at the same time, he felt relieved.

The three brothers of the Chen family were eager to recommend their own people, wanting to control the department managed by Chen Qimou, expand their influence in the family company, and increase their voice.

Luo Qihong and Luo Qixing had no interest in this. To put it bluntly, Jingmou Electronics Company was the Chen family's private territory. Even if they wanted to get involved, it would be very difficult. It would be better for them to concentrate on their own industries.

Chen Yusan wanted to fight for it. If she really thought about it, her identity was the most suitable and she could mediate the relationship between the Luo and Chen families. Unfortunately, she was in charge of two companies and it was difficult for her to extricate herself. She could only think about it.

"Ashan, who do you think is suitable to take over Chen Qimou's job?" Chen Zengjing threw the question to Chen Yushan.

This obviously put Chen Yusan in a whirlpool. Logically, she should side with her father, but she couldn't do it too obviously.

Chen Yusan pondered for a moment and said, "The people recommended by everyone are very good, and I think they are all suitable."

This is an attempt to smooth things over, to exonerate himself and make Chen Zengjing's plan fail.

Chen Yusan is no longer the same Chen Yusan as before. She has a backer and no longer needs to be afraid of Chen Zengjing. She even has the strength to fight back against Chen Zengjing.

In the end, Chen Zengjing had to go against the majority's opinion and arrange his own people to take office to clean up the mess left by Chen Qimou.

Chen Qimou naturally resented Luo Qihong, thinking that Luo Qihong had deprived him of his power and taken away his dividends for a year, but he did not realize that Luo Qihong had spared him from jail.

Luo Qihong didn't care about Chen Qimou. He rescued the Chen family's company just to give face to Luo Qixing. Now he still doesn't take the Chen family seriously, even though Jingmou Electronics Company has been listed.

Chen Yongmou invited the Luo brothers to his office for tea with great fanfare, ignoring their gazes.

"Alas! It's really a misfortune for our family that such a scum has emerged. I'm sorry to have embarrassed you brothers." Chen Yongmou said pretending to be heartbroken.

"Dad, this kind of thing happens in many companies and it's hard to avoid. We just need to strengthen supervision in the future." Luo Qixing spoke to comfort Chen Yongmou.

Chen Yongmou glanced at Luo Qixing and said, "We should strengthen supervision, but we are also worried that this department is rotten from the root."

"Grandpa Chen is a master in the business world. He will have plans for these things. I don't think similar things will happen again." Luo Qihong smiled and said, "Second Uncle also has his own company, which is still in a period of rapid development. Second Uncle needs to manage it well. Let's leave the affairs of Jingmou Electronics to others."

Chen Yongmou really wanted to take down Chen Qimou's forces, but he couldn't do it himself, so he wanted Luo Qihong and Luo Qixing to help, but unfortunately Luo Qihong refused.

Of course Chen Yongmou did not give up and continued to lobby Luo Qihong. This was a ripe fruit, and its red appearance was very tempting. Besides, he still wanted to get more of the family property.

Luo Qixing's carriage

Chen Yusan held Luo Qixing's hand and said, "Don't help my dad with the affairs of Jingmou Electronics Company in the future. He already has his own business. I'm worried that he will bite off more than he can chew and problems may arise."

Luo Qixing laughed and said, "My father-in-law is still capable. As a son-in-law, I will help him if I can, but my ability is limited."

"Let's stay out of my mother's family's affairs. The most important thing is to manage our own business well." Chen Yusan finally figured it out. The Chen family's business would never fall into her hands, so it would be better to just collect the dividends.

"Yeah, that makes sense." Luo Qixing still smiled.

As soon as Luo Qihong returned to Zhaoan Real Estate Company, the three giants came in together to report on their work.

"Boss, the city is starting to recover. Baohua Construction Company received two large-scale projects in the past few days. We expect to recover 2% of the business volume in the peak period of 81 this year." Cheng Jianshen said.

In the past two years, Baohua Construction Company had very little business to do and had been in a state of loss. Now that the situation has improved, it is naturally a cause for celebration.

"Okay, but we have to consider the development of our company's site first, and then take on projects from other companies." Luo Qihong reminded.

The purpose of Zhaoan Real Estate Company's acquisition of Baohua Construction Company is to enter the land development industry. It is unwilling to be a company that only collects rent. Now that the market conditions have improved, it is natural to seize the time to develop and build commercial buildings.

The reason why Luo Qihong did not develop the land in advance was that it took a lot of time for the housing prices to rise from the bottom to the previous top, and now is the right time to develop.

"I'll ask Baohua Construction to arrange it, don't worry!" Cheng Jianshen said.

"Yang Mingkun from Fengtu Construction Company has always wanted to meet you. He wants to contract all the decoration projects under the company. But in fact, Baohua Construction also has a decoration engineering team, so it is basically impossible for him to take over all of them." Kang Wenyi reported. In his eyes, Baohua Construction Company is the biological son of Zhaoan Real Estate, and Fengtu Construction Company can only be regarded as a relative.

"I don't have much time to see him recently. Just tell him directly that I will guarantee the future engineering business volume of Fengtu Construction Company, but ask him not to continue expanding the scale of the company. If he still wants to expand, you can make a suggestion that Fengtu Construction Company be merged into Baohua Construction Company, and he will still be responsible for the decoration business." Luo Qihong made the decision.

Although the China-UK negotiations have ended preliminarily and the stock market has gradually recovered, the response of local governments has been somewhat slow and Fengtu Construction Company has not received much business.

Dehe Real Estate Company has completed the previous round of old property acquisitions and handed over the renovation projects to Fengtu Construction Company. However, this is still not enough for Fengtu Construction Company's long-term business volume. Coupled with the involvement of Baohua Construction Company, Yang Mingkun is worried that he will not get the project. This is also a normal concern.

The three giants still wanted to buy more properties at the bottom, but were rejected by Luo Qihong because the debt of Zhaoan Real Estate Company had exceeded expectations and continuing to increase the debt would drag it down.

However, they thought that the dawn had come, and as long as they persisted, they would definitely make a lot of money, but they would just have to pay more interest. Luo Qihong still refused. There were too many properties on the market, and he was worried that once he started, he would not be able to stop.

The company's development needs to be carried out according to plan, rather than following Chen Songqing's approach. Zhaoan Real Estate Company will have bigger plans in the future.

The Luo family's social status has risen in the past few years. Lin Ya's previous friends gradually stopped associating with them, so her in-laws Huang Lijuan (Chen Yusan's grandmother) and Li Shu (Chen Yusan's mother) became Lin Ya's "bad friends", especially Li Shu, who liked to drag Lin Ya to play mahjong and go shopping.

At first, Lin Ya didn't like it, but she reluctantly went along for the sake of her in-laws' face. Later, she was really bored, so she interacted more closely with Li Shu, and there was a possibility that they could develop into best friends.

Of course, Li Shu also seemed to be trying to please the Luo family so that Chen Yusan could live a more comfortable life.

"Are you free tomorrow night?" Lin Ya asked at the dinner table.

"Mom, do you want to go to that charity gala?" Chen Yusan got the news from her mother Li Shu.

"Did your mother tell you?" Lin Ya asked with a smile.

Chen Yusan nodded and admitted generously, "My mom mentioned to me that she was going to the charity gala."

"I have a social event tomorrow night, let them accompany you." Luo Qihong refused immediately.

Lin Ya's face suddenly turned cold. "Go and get busy. It's not enough that you're often not at home. You don't even have time to accompany me. What's the point of having a son? Ah Shan, you must give birth to a daughter in the future, otherwise you will be the same as me."

Lin Ya's cold words reached his ears, and Luo Qihong smiled bitterly and said, "Okay, let's go together. I'll turn down the social event tomorrow night."

"That's right. This is my first time attending a party like this. Without your encouragement, I wouldn't dare to go." Lin Ya told the truth. She really didn't understand the rules and was worried about losing face if she made a mistake.

Luo Qihong teased Lin Ya a few times, and the atmosphere at the dinner table finally returned to its previous harmony.

next day
Luo Qihong, Cheng Yutong and his son, and a group of senior executives inspected the land of the Wan Chai Convention and Exhibition Centre. At this time, there were already many construction workers leveling the land at the site.

This is a piece of land obtained through reclaimed land, which was specially allocated by the Hong Kong Government to the Trade Development Council. Not only is it large in area, it also borders Victoria Harbour and faces Tsim Sha Tsui across the sea.

The value of this piece of land is comparable to that of the New World Centre in Tsim Sha Tsui. It will be another masterpiece of New World Development Company, so it is also a key project for New World Development Company to further gain fame.

“.我们将会在这里建造一个巨大的建筑群，包括7层的会议展览中心、31层的海景酒店、25层的君悦酒店、39层的商业大厦、37层豪华住宅大厦.”一名高层向众人介绍说道。

Listening to the sound of rushing waves, Luo Qihong stared at Tsim Sha Tsui on the opposite bank for a long time. When he stayed at the Seaview Hotel in his previous life, he was still marveling at the beauty of the night view of the Hong Kong River. Now it seems that a long time has passed.

"Can the construction period be shortened?" Luo Qihong asked.

The architect replied, "This is a reclaimed area, so the construction period will be longer than in ordinary places, mainly to consolidate the foundation, so the construction period cannot be compressed, otherwise there will be major problems after completion."

Luo Qihong nodded. He didn't understand these things, but he knew the rigor of the construction industry and would not interfere easily.

If it is completed earlier, the investment can be recovered earlier. After all, the investment involved is not small.

Luo Qihong had lunch with Cheng Yutong and his son, while other senior executives ate in other boxes.

"Ah Hong, I have also asked the engineers about the shortened construction period you mentioned just now, and they all gave the same answer." Cheng Yutong wiped the corner of his mouth.

Luo Qihong smiled and said, "Is New World Development also short of funds?"

Cheng Yutong smiled and nodded, "This project is worth more than 10 billion, and that project is worth more than 10 billion. New World Development is running out of money to open a bank. Now that the market is starting to pick up, some of the company's large sites have no funds to start construction."

Luo Qihong joked, "Zhaoan Real Estate only has working capital left. If it weren't for the rental support from the two buildings in Central, Zhaoan Real Estate would have gone bankrupt."

Zheng Jiachun said, "China Gas Company is profitable, De'an Company is also profitable, how could Zhao'an Real Estate go bankrupt?"

"Brother Chun, Zhaoan Real Estate is already in debt of several hundred million, and the interest it needs to pay every month is 3 to 4 million. If the local market doesn't pick up, Zhaoan Real Estate will really go bankrupt." Luo Qihong continued to tease Zheng Jiachun, "The tourism industry has been booming recently. Chow Tai Fook should have helped make a lot of cash, much better than me."

Cheng Yu-tung laughed and said, "It is true that Chow Tai Fook makes money, but I only own 40% of the shares, and the dividends I can get are less than half, which can't improve the current situation much."

Luo Qihong took the opportunity to bring up another topic, "Recently, there have been rumors that the Hong Kong government wants to re-release the second section of land in Admiralty. I also want to find Uncle Tong to form a joint consortium to win this project."

The Admiralty Section 6 site covers an area of ​​9 square feet and can be used to build twin commercial buildings with a floor area of ​​1 million square feet, which is extremely attractive to real estate developers.

Cheng Yu-tung immediately fell silent, while Cheng Jia-chun's eyes lit up and he was very interested in this project.

Cheng Yu-tung sighed and said, "This project requires at least 11 billion yuan in funding. I really want to participate, but the funds are insufficient."

Hearing this, Zheng Jiachun felt very disappointed. That was a good thing that would strengthen the family's strength. If he didn't take it now, the possibility of buying it back in the future would be even lower.

"What a pity. I'll look for someone else. It's too difficult for me to complete this project alone." Luo Qihong said.

In fact, Luo Qihong wanted to take over the two Admiralty Twin Towers for himself. If his partner was Cheng Yu-tung, he could exchange them for the rights and interests of the Convention and Exhibition Center in the future, which would be beneficial to both parties.

"New World Development's debt has exceeded HK$10 billion. If the debt increases further, it may collapse," Cheng Yu-tung continued to explain.

"I understand!" Luo Qihong raised his glass and clinked it with the two of them.

After lunch, the three of them parted ways and Luo Qihong returned to Zhaoan Real Estate Company.

He needs to find a suitable partner again, and the interest in the land does not need to be too much, no less than 20% will be enough, so that it will be convenient for acquisition after it is completed.

He knew it would be more expensive and cost more after it was built, but this was the best option for now.

"Daddy, Ah Hong's expansion speed is too fast, we can't keep up." Zheng Jiachun said tentatively.

Cheng Yu-tung said, "People outside say that there is no difference between Ah-Hung and Chen Song-ching. In fact, Ah-Hung's expansion is bold and cautious. Others say that I am a shark-bold Tong, but Ah-Hung is the real shark-bold one."

"Are you trying to persuade me to get involved? Ah Chun, we are not Ah Hong. Our investment company is not as aggressive as De'an in making money. If we can't get our money back, the consequences will be too great. It's not worth the risk."

"There are still many good things in Hong Kong. There is no need to take such a big risk. It won't be too late for us to take action after the convention and exhibition center is completed."

Zheng Jiachun verbally agreed with what Zheng Yutong said, but deep down he was extremely envious of Luo Qihong's way of playing. He also secretly made up his mind that when he came to power, he would eat a lot of meat to prove that he was no worse than Luo Qihong and others.

Charity Gala
This is a charity gala organized by Hang Seng Bank, held under the banner of benefiting poor patients in Hong Kong.

Although Hang Seng Bank is not as good as HSBC and Standard Chartered Bank, it is also one of the top ten banks in Hong Kong and has extraordinary social prestige, so many people are willing to give it face.

Companies under Luo Qihong also received invitations, so he chose a company to represent him at the party.

Huang Lijuan and Li Shu took Lin Ya, the mother-in-law and daughter-in-law, to move among the crowd of noble ladies and got to know many of them, while the Luo Qihong brothers could only watch from the side.

Because Luo Qihong is famous, single, and a well-known bachelor among wealthy families, he is very popular and people want to introduce Luo Qihong to others.

As for the fact that Luo Qihong has a girlfriend, they don't care at all. After all, they are not married and they can just turn around and break up.

And according to their thinking, marriage requires a good match between the two families, and they are the good choices for Luo Qihong.

"Hello! I am Ohno Hemu from Mitsubishi Corporation of Japan." A Japanese man came over with his wife and an interpreter.

Luo Qihong stayed in Japan for 2 or 3 months and learned Japanese with Akina Nakamori for a long time. He could understand what Japanese people said.

These wealthy ladies had some opinions about Ohno Hemu's sudden interruption, but the rules of the wealthy families prompted them to nod in a friendly manner.

Luo Qihong was listening to their conversation. Ohno Hemu's words revealed a sense of superiority and his unfriendly attitude towards Chinese people made him suddenly feel unhappy.

"Mr. Ohno Kawaki, have you heard of Nikkatsu Film Company and Nikkatsu Real Estate Company? They are my properties." Luo Qihong said in not very fluent Japanese.

(End of this chapter)