Hong Kong 1980: The Savage Era

Chapter 309 Chapter 310 [Bone Removal Expert]

The circle in Hong Kong is small, and once there is any news, it will spread quickly and reach the ears of many people.

Luo Qihong's reputation gave a great boost to the stock price of Leqi Real Estate Company. It instantly rebounded from the bottom of 0.5 yuan and rose to 0.7 yuan in just half a day. The market value increased by several million yuan.

Luo Qihong believed that as long as Leqi Real Estate released information about fundraising and share offering at this time, many shareholders would be willing to respond, but Qiyu Investment Company did not have this reserve fund and could only do things according to the plan.

Half a month later
Wei Li actually helped to make connections, saying that there was a wealthy Chinese businessman in Australia named Li Mingzhi who was willing to take over the Leqi Real Estate Company and wanted to invite Luo Qihong out for a talk.

Of course Luo Qihong would not refuse. It would be the same no matter who sold Leqi Real Estate Company to.

So, he took Lin Yunxue to the banquet and asked Lin Yunxue to prepare a sales plan.

"Hello, Mr. Luo!" Li Mingzhi was very sociable. He came up and shook hands with Luo Qihong enthusiastically, and then praised Lin Yunxue, "This must be Miss Lin Yunxue, she is much more beautiful than in the photo."

"Hello, Mr. Li!" Lin Yunxue nodded slightly and shook hands gently with Li Mingzhi.

The four of them exchanged a few words before getting down to business.

"I want to acquire Leqi Real Estate Company. Mr. Luo and Ms. Lin, please name a price." Li Mingzhi was very straightforward.

Lin Yunxue and Luo Qihong looked at each other, and Lin Yunxue responded, "How about trading according to the current market value of Leqi Real Estate Company?"

Li Mingzhi smiled and said, "Okay, this is fair. The current share price of Leqi Real Estate is 1 yuan per share. Qiyun Investment holds 33.4%, which is 1 million yuan in total. So let's just round it up to 3 million yuan."

After saying that, Li Mingzhi immediately took out a check, wrote one and handed it to Lin Yunxue next to him, "There's no rush for the contract, it can be done in a few days."

Luo Qihong laughed and said, "Mr. Li is really generous. The market value of Leqi Real Estate Company is higher than its asset value. Doesn't Mr. Li feel that he is at a disadvantage?"

"Mr. Luo, you're worrying too much. With Mr. Luo's fame, even if Leqi Real Estate Company doesn't have any actual assets, it's worth the price. These few million can help me make friends with Mr. Luo and Miss Lin." Li Mingzhi said without any concealment, and said directly that he wanted to make friends with Luo Qihong.

"If you want to make friends, you can do it anytime. You don't have to spend millions," said Luo Qihong.

"Haha!! Just saying that, Mr. Luo is too serious." Li Mingzhi said with a laugh. Although he is very powerful in Australia, he does not want to offend Luo Qihong, the local tyrant.

This time, just as he said, he used the acquisition to get to know Luo Qihong, and at the same time completed the acquisition of a listed company and entered Hong Kong.

"Mr. Luo, Mr. Li also wants to acquire the Red Hill Peninsula luxury residential properties under the Palibao Investment Company. This time he also wants to seek your opinion." Wei Li started to change the subject.

Luo Qihong looked at Li Mingzhi and said with a smile, "Mr. Li is really amazing. He has launched such a strong offensive just after arriving in Hong Kong. Is he planning to take root and develop in Hong Kong?"

"Hong Kong's rate of return is the highest in the world, so of course I have to invest here." Li Mingzhi said vaguely.

"Mr. Li wants to acquire the property in Red Hill Peninsula. I think it's a good idea. Anyway, the Bailibao Investment Company also needs more funds. Mr. Wei Li thinks that as long as the price is right, it will be fine." Luo Qihong knew that Li Mingzhi was using multiple acquisitions to make a name for himself.

Suddenly, he no longer felt that he owed Li Mingzhi a favor. This was a well-matched deal.

"Okay, since Luo Sheng agreed, I will convene a board meeting in the near future." Wei Li said.

After the banquet, Luo Qihong and Lin Yunxue found a cafe to drink coffee and chat about what happened in the past month to unify their ideas.

"Mr. Luo, I think we can do this kind of business for a long time, and the profit is greater than that of the stock market." Lin Yunxue said excitedly. She didn't think anyone would be willing to make a purchase at a false market price. She just wanted to make 4 million, and an 8% profit margin would be enough.

Luo Qihong smiled and said, "There are very few people like Li Mingzhi. Earning 3 or 4 million is already the limit. If you spend more time, earning 6 or 7 million is not a problem."

"In fact, this kind of business cannot be done for a long time, because it is the first half of the backdoor listing. If it attracts the attention of the Securities and Futures Commission, or if there are problems with the people in the second half, Qiyun Investment Company will not have an easy time."

Lin Yunxue lowered her head and thought for a long time, then said, "You are right, but this kind of business can be used as an early capital accumulation. Once the capital accumulation is sufficient, I will stop in time."

"We have made a lot of money now. This quick model is no longer suitable. You can buy a real estate company that is on the verge of bankruptcy and run it a little better. It should be better than Lucky Real Estate Company, but worse than the Paramount Company I ran at the beginning. It should be somewhere in between."

"I want to run it for about half a year and then sell it. It shouldn't be a problem to make 2 or 3 million from it. If I work hard, I can accumulate capital in one or two years."

Luo Qihong analyzed the contents here to Lin Yunxue.

"Okay, then I will start acquiring the next company as soon as possible." Lin Yunxue couldn't stop anymore. The money was too easy to make.

After breaking up with Lin Yunxue and leaving, Luo Qihong quickly came to Hexiang Trading Company and asked Wu Rongtin, who was in charge of Australian trade business, to conduct some investigations on Li Mingzhi with the help of the Australian office.

He felt that this guy was very unusual and seemed to have the aura of Chen Songqing, which made him very alert.

3-4 days later

The staff at the Australian office sent Luo Qihong detailed information about Li Mingzhi, which surprised him as it amounted to hundreds of pages.

Li Mingzhi's ancestral home is in Fujian. He was born in Malaysia, went to university in Australia, and then returned to Malaysia to work.

In 78, he acquired the Malaysian National Development and Finance Group in installments and sold it after one year of operation for a profit of RM7 million.

In 84, he immigrated to Australia and established the Brilliant Australia Group, and began a series of acquisitions.

This man is a real expert in breaking bones. He once caused a company that produces fire extinguishers to lose 1 million Australian dollars in assets in just one year, and its stocks were devalued to worthless paper. Except for the core members, all shareholders suffered heavy losses.

Now that it has been investigated by the Australian Securities Commission, Li Mingzhi's move is inevitably intended to transfer assets and commit crimes in another place.

"Huh!" Luo Qihong exhaled heavily, "This Li Mingzhi is even more powerful than Chen Songqing. Chen Songqing is just a liar, but this guy is using tricks to carry out legal robbery."

He could basically judge that the Australian Securities Commission had no way to deal with Li Mingzhi, but it was unlikely that Li Mingzhi would be able to do this under the supervision of the Australian Securities Commission.

"You want to come to Hong Kong to commit legal robbery. It seems that Hong Kong stock investors are going to be in trouble again." Luo Qihong shook his head helplessly.

Cutting off someone's financial resources is no different from killing their parents. If Luo Qihong does anything detrimental to Li Mingzhi, it would be of the same nature.

Luo Qihong also didn't want to provoke such a powerful person, so he couldn't transfer company assets through a series of equity adjustments and frequent external transactions. There were too many things involved, and if he wasn't careful, there would be loopholes, leading to imprisonment.

Moreover, Luo Qihong couldn't see clearly how Li Mingzhi wanted to operate when he came to Hong Kong. There was a high probability that his methods would change. After all, the methods were gradually maturing and needed to be revised.

(End of this chapter)