Hong Kong 1980: The Savage Era

Chapter 310 Chapter 311 [Benda Group]

First there was Chen Songqing, then Li Mingzhi, Luo Xurui, Liu Luanxiong and others. The waves in Hong Kong were higher and more rapid each time.

In Luo Qihong's opinion, Li Mingzhi will fail like Chen Songqing. This man has tasted the sweetness of fraud and will never turn back. He will only go all the way to the end.

Li Mingzhi took advantage of the fame of Luo Qihong and Palibao Investment Company to start a series of speculations. First, he used the property of Red Hill Peninsula to buy a large number of new shares of Leqi Real Estate Company, increasing his shareholding to 55%, and then released the news of raising funds for rights issue.
After a series of operations, Leqi Real Estate Company successfully became the real estate flagship of the Huihuang Group in Hong Kong. At the same time, the Huihuang Group announced the acquisition of Anke Real Estate Company and changed its name to United Overseas after obtaining its listing status.

Under such a transaction, the Brilliant Group can transfer a large amount of funds from Australia and legally transfer Australian assets.

Such tactics are naturally very common, and they allow the assets to be sold smoothly, and the Australian Securities Commission has no chance of blocking it.

Such frequent actions attracted the attention of many local wealthy businessmen, who realized that Li Mingzhi was a strong man.

In the afternoon, Huaguang Real Estate Company's bid for the acquisition of Legu Real Estate Company was submitted to Cui Baiquan's family through Zhaoan Real Estate Company, and the bid price was 4 million yuan.

According to the information obtained by Chen Zhilong, the asking price of Cheung Kong Holdings will be HK$3 million, a 5% premium, while Hang Lung Holdings has a premium of 4% and is priced at HK$45 million. The highest among overseas companies is Penta Group, with a premium of 3% and a asking price of HK$6 million.

This information may not be accurate, but Luo Qihong believes that it has some reference value. At least it can ensure that these rival companies will not offer too high a price.

At 5:30 p.m., Cui Baiquan's family announced that Huaguang Real Estate Company had won the bid with a bid price of HK$4 million.

This price caused a sensation, as it was almost the market value at its peak. It can be said that Huaguang Real Estate Company invested heavily, and it also seemed to be determined to win without fear of the high price.

Chen Zhilong reported that the second highest bidder was Cheung Kong Holdings' 3 million yuan, a premium of more than 9%.

The next morning, all major newspapers published this news, which in disguise helped promote Huaguang Real Estate Company. The stock price began to rise significantly, rising by 1% in the first hour of trading, and the market value increased by more than 3 million yuan.

Reporters began to stake out Luo Qihong, hoping to get first-hand news. This is also the reason why neither Huaguang Real Estate Company nor Zhaoan Real Estate Company held a press conference.

It was not that Huaguang Real Estate Company was unwilling to hold the meeting, but that it was too busy. It was busy raising the funds that needed to be paid and busy taking over Legu Real Estate Company, and the internal reorganization of Huaguang Real Estate Company had not yet been completed.

Therefore, no one inside paid attention to whether to hold a press conference.

"Mr. Luo, may I ask why Huaguang Real Estate Company did not hold a reception for the acquisition of Legu Real Estate? Is it because there are other problems with Legu Real Estate?" The female reporter's words were still sharp.

Luo Qihong stopped and replied with a smile, "Of course not, Legu Real Estate Company has no problem for the time being."

The reporters were not very satisfied with Luo Qihong's explanation and thought that Luo Qihong was covering up something.

"Luo Sheng's answer was a bit perfunctory. The news we received was that Huaguang Real Estate Company was internally unstable and had no time to hold a press conference. I wonder if this is true?"

"Yes, Huaguang Real Estate Company does have some internal problems, but they are ordinary problems. Since we have just taken over, some positions need to be internally transferred, so we do not plan to hold a press conference." Luo Qihong admitted generously.

There is no way. Making excuses at this time will only make these reporters make things worse.

"Are these job transfers related to the family of shipping magnate Zhao Congyan? They were the previous bosses of Huaguang Real Estate Company, and it seems that they also had some unpleasant experiences with Luo Sheng."

Luo Qihong patiently explained, "Those unpleasant things are limited to business matters. Mr. Zhao Shizeng and I still have a good personal relationship. I helped Mr. Zhao Congyan buy his family's 5 million antique collection." "The internal job transfer of Huaguang Real Estate Company is entirely to enable Zhaoan Real Estate Company to better manage its subsidiaries. The Chinese have a saying that 'sharpening the knife does not delay the chopping of wood'. I believe that this job transfer is very necessary and will be of great benefit to the future of Huaguang Real Estate Company."

After being interviewed for half an hour, Luo Qihong's legs were tired from standing, and the reporters reluctantly let him leave.

Luo Qihong pulled his tie as he got in the car and said helplessly, "These reporters are really annoying. I have to answer them, but if I answer them, I'll be embarrassed and fall into their trap."

"Mr. Luo, I'm sorry! I will avoid them next time." The bodyguard leader Ajun immediately admitted his mistake.

Luo Qihong laughed and said, "What's it to you! These reporters are everywhere. If I can't interview them, I will write nonsense again. It's better to give them the answer directly. I'm just complaining."

After hearing this, Ajun turned around, looked straight ahead, and stopped talking.

Few bodyguards are good at socializing and speaking. They are generally taciturn. Someone like Ajun is considered good.

Before the people from Siu On Real Estate Company had completely taken control of Le Gu Properties, the owner of Shangri-La Hotel, Robert Kuok, wanted to arrange a meeting with Luo Qihong for the owner of Benda Group, Pang Yalun, through Cheng Yutong.

After knowing Pang Yalun's purpose, Luo Qihong did not plan to meet him, to avoid the other party thinking that he intended to sell the Legu Real Estate Company he had just acquired.

Unfortunately, Cheng Yu-tung actively lobbied, saying that even if the company was not sold, he could still give face, as they were all Chinese and there was no loss in getting to know each other.

If Luo Qihong doesn't give face to Robert Kuok and Alan Pang, he has to give face to Cheng Yutung. The two of them have so many collaborations, and the Wan Chai Convention and Exhibition Center project alone can bring huge profits.

Tsim Sha Tsui East Shangri-La Hotel
This is an extremely luxurious box, with a combination of Chinese and Western decorations, giving it a sense of superiority.

The four of them chatted for a while, about 4 minutes.

"Mr. Guo, Mr. Pang, please don't misunderstand. I'm not here to prove my intention to sell Legu Real Estate Company. I'm just here to make friends." Luo Qihong explained with a smile.

Pang Yalun was tall and had a Western look to him. He grinned and said, "Luo Sheng, don't you want to hear my offer?"

Luo Qihong shook his head and said, "No, because I know Pang Sheng can't afford 10 times the price."

To Pang Yalun, this was a bit provocative, but remembering that Luo Qihong had already refused first, he suppressed his anger and said, "Of course I can't afford 10 times the price, and Legu Real Estate Company is not worth this price."

"To put it bluntly, Mr. Pang also participated in the bidding. If he had thought that Legu Real Estate Company was worth the price, it would definitely not have fallen into my hands." Luo Qihong said.

"Luo Sheng is right." Pang Yalun nodded with a bad look on his face.

Luo Qihong did not take this newcomer seriously. In his previous life, the Benda Group only enjoyed a few years of glory before it began to decline and faced the crisis of bankruptcy.

Luo Qihong is now stronger than Pang Yalun, and he is also a local boss. Pang Yalun should have to live by his will, but right from the start, Pang Yalun acted like a big shot and couldn't tell the difference between a big king and a small king.

Robert Kuok quickly tried to smooth things over by saying, "Haha! Even if the deal doesn't work out, we still have friendship! We will still have opportunities to cooperate in the future. Luo Sheng is a big shot in Hong Kong, and Yalun is a powerful figure in Australia."

(End of this chapter)