Hong Kong 1980: The Savage Era

Chapter 306 Chapter 307 [I’m sure you’ll be eaten, I said]

Siu On Real Estate Company Office

Chen Zhilong held a document in his hand and reported with a rather gloomy expression.

"The intrusion of Southeast Asian and Australian consortiums is very serious. They are acquiring listed companies and a large number of properties. The speed of expansion is very fast, and the scale of their subsidiaries is changing day by day. The most representative ones are Australia's Penda Group and Southeast Asia's Lippo Group."

Luo Qihong remembered the Financial Plaza built on the Admiralty Section 2 project, which was successively acquired by the two consortiums and renamed as Penta Center and Lippo Center. Its strength should not be underestimated.

"What is the reaction of other local financial groups?" Luo Qihong asked.

Chen Zhilong turned a page and said, "Local financial groups are also rushing to allocate funds to carry out acquisitions, but the speed is slower. They may think that the financial groups in Australia and Southeast Asia have limited capital and will not have much impact on them."

Luo Qihong nodded. He was somewhat disgusted with the invasion of foreign capital, but after thinking about it carefully, he realized that there was no way to stop this phenomenon. Moreover, the invasion of capital played an important role in Hong Kong's economic recovery. If the signal of Hong Kong's economic recovery was sent to the outside world, the recovery would be much faster.

"How is Legu Real Estate Company? Is it confirmed that Cui Baiquan wants to sell Legu Real Estate Company?"

Le Gu Properties is a popular company with excellent assets. The three small commercial buildings on Ice House Street in Central alone are attractive enough.

Legu Real Estate does not have much debt and is a pure rental property company. Its market value is not high at this time and it is a perfect bargain.

"It has been confirmed that Cui Baiquan himself admitted it, but many consortiums have responded, including Cheung Kong Holdings, Sun Hung Kai Properties, Hang Lung Group, etc. We have not received any news from foreign consortiums yet, but I speculate that they will definitely participate in the bidding." Chen Zhilong said.

Luo Qihong smiled and said, "Who wouldn't be tempted by such a high-quality real estate company?"

"Boss, Zhaoan Real Estate no longer has the strength to acquire Legu Real Estate Company. Can we start the acquisition through Huaguang Real Estate Company?" Cheng Jianshen spoke with a heavy tone.

Luo Qihong nodded and said, "Okay, I will discuss it with Zhao Shizeng, and we will take full responsibility."

This is a big matter. Luo Qihong doesn't intend to give Zhao Shizeng too much face. He must take action.

Cheng Jianshen glanced at Chen Zhilong, who said knowingly, "Perhaps we can take back control of Huaguang Real Estate Company."

"It's already 85 years, and the shipping industry still shows no signs of recovery. The situation is still deteriorating. Most international shipping companies are going bankrupt. The debt situation of Huaguang Shipping Company under Zhao Congyan's family is not optimistic, and there is a looming risk of bankruptcy."

"If you want Zhao Congyan to retreat, you have to give up some benefits. Can the company afford this premium? It may also face the risk of a full acquisition." Luo Qihong looked around at the three people and said sternly.

Cheng Jianshen said, "Boss, can your private company lend a hand to the company?"

"Do you want me to take over the shares of Huaguang Real Estate Company held by Zhao Congyan's family?" Luo Qihong smiled slightly. These three guys began to plot against him.

Cheng Jianshen nodded slightly, not daring to reply. The others also lowered their eyes, avoiding Luo Qihong's gaze.

"Okay, that's no problem." Luo Qihong said, "Have you decided who will take over Huaguang Real Estate?"

The three of them stopped talking again, and it was obvious that they didn't want to leave the big stage of Zhaoan Real Estate.

"Then I will transfer some people from other companies to take over. However, the bidding case of Legu Real Estate Company will still be handled by Mr. Chen. Prepare the bid documents first and also inquire about the bids of other companies." Luo Qihong instructed.

This acquisition is a pure price war, the highest bidder wins and the lowest bidder is eliminated.

The Peninsula Tsim Sha Tsui
Liang Yingwei, chairman of Amigo, invited Luo Qihong to dinner but did not specify the details.

"Mr. Luo, we are not very familiar with each other, so I will be more direct." Liang Yingwei forced a smile, "The contract between Hexiang Trading Company and Aigo Company is about to expire, and I think it's time to renegotiate the terms." What was mentioned was a little unexpected. Luo Qihong still thought it was a matter of Aigo's equity.

"What conditions does Mr. Liang want?" Luo Qihong asked calmly.

"The price of the product should be raised. What do you think, Mr. Luo?" Liang Yingwei didn't dare to go too far, even though he knew that Luo Qihong had close ties with the Liu Luanxiong couple and would not stand on his side.

Luo Qihong shook his head and said, "Mr. Liang, the price is too high. Hexiang Trading Company may suffer losses. Then there is no need for us to cooperate."

"Really? How about Luo Sheng take a look at this first, and then we can talk?" Liang Yingwei handed over a document with a cunning look on his face.

Luo Qihong took it, opened it and looked at it. His expression remained unchanged. He said, "Aimego's products have lost their market competitiveness. Hexiang Trading Company has to spend a lot of money on advertising. This is not recorded in this document. If Aimego is willing to make up for this part of the cost, it can naturally raise the price."

Liang Yingwei frowned. "This is Hexiang Trading Company's own business. What does it have to do with Aimego?"

"In that case, Mr. Liang, you should find another trading company to be responsible for the sales of the products. Hexiang Trading Company cannot do your business." Luo Qihong said with some anger.

"So Luo Sheng means to withdraw from Aigo? What are you going to do with the shares you hold?" Liang Yingwei began to get impatient.

"Of course we're selling them. Mr. Liang, are you interested in these shares?" Luo Qihong sneered.

Liang Yingwei said, "How about I find a buyer for Luo Sheng?"

Luo Qihong understood Liang Yingwei's intention and wanted to unite with his allies to control Aigo Company and not leave any chance for Liu Luanxiong and his wife to start over.

"Of course, you can. What about the price? If it's not a premium, then don't even ask for it." Luo Qihong felt that he could make more money.

Although he and Liu Luanxiong hold more than 50% of the shares, selling them in the market could easily cause the stock price to fall, but he is not worried that Liang Yingwei will not agree.

"How about a 5% premium?" Liang Yingwei would of course fight for the benefits of his allies.

Luo Qihong chuckled and said, "A 10% premium, and we also want to give Aimego Company a dividend from last year's profits."

"Mr. Luo, isn't this a bit too much?" Liang Yingwei said gritting his teeth.

"This is my personal investment, and the money is what I deserve. What's wrong with that?" Luo Qihong said jokingly, "Two conditions, one less is not acceptable. Anyway, I'm not relying on this investment to make a living."

Liang Yingwei knew that Luo Qihong had him in his hands and had already ruined their relationship today. If Luo Qihong continued to hold shares in Aigo, wouldn't that be an opportunity for Liu Luanxiong to make a comeback? !

"Okay, I agree to your request, Luo Sheng." Liang Yingwei said helplessly.

"Thank you, Mr. Liang." Luo Qihong raised his glass to indicate that in his previous life, Liu Luanxiong held 40% of the shares of Aigo Company and made a profit of nearly 2 million yuan after selling them. He held fewer shares, and with a 1% premium, he should have made a profit of no less than 1 million yuan.

This was a good investment, which increased several times in just a few years.

As for Liu Luanxiong, Luo Qihong thought it was easy to explain. As long as he promised that he could take back the shares at a critical moment, there should be no problem with Liu Luanxiong and his wife.

Luo Qihong also has the confidence to get it back, so he would not miss out on the profit from the price difference.

(End of this chapter)