Hong Kong 1980: The Savage Era

Chapter 315 Chapter 316 [Don’t worry, this is not a takeover case]

Now everyone can see that the real estate market is about to take off, and anyone with money will buy properties. The only difference is whether the properties fall into the hands of real estate developers or speculators.

"This is a good thing. The entry of overseas speculators will help to push up property prices in various districts." Luo Qihong keeps in mind the saying 'I am greedy when others are fearful, and I am fearful when others are greedy'.

Now is the time for others to be greedy, and he should watch the market carefully. Of course, the possibility of a collapse will not occur for the time being, but he must seize the opportunity to sell off industrial buildings and other industrial properties.

"Then where should we best focus our energies?" Chen Zhilong asked him about his future work focus.

Luo Qihong was silent for a moment, then said, "Keep an eye on Chinese Estates and its subsidiary China Entertainment Properties."

Upon hearing this, the three carriages all widened their eyes in extreme surprise.

"Boss, although Chinese Estates Holdings has only been established for a few years, it has always been controlled by the Feng and Li families, who hold more than 40% of the shares. I'm afraid we will have little chance." Cheng Jianshen is well aware of some low-key real estate companies in Hong Kong.

"Yes." Luo Qihong said with a gloomy face, "I know this very well. The Paramount Company under the Chinese Estates Company is my original industry. I also know a little about the affairs of these two families, but I believe that these two families are far from being as peaceful as they seem."

"The Fung Bing Fen Group has already faced a serious financial crisis. If it wants to be saved, it must seek external assistance, but Fung Bing Fen has not taken any action. I guess Fung Bing Fen wants to swallow up the huge Chinese Estates Group and then resolve the crisis of the Fung Bing Fen Group."

"." The amount of information was a bit too much. The three people were in a state of thinking and could not respond to Luo Qihong for the time being.

Five minutes later, Kang Wenyi said, "The power of these two families is quite balanced. Even if Feng Bingfen wants to annex them, he needs an opportunity, right? Is there an opportunity now?"

Luo Qihong smiled and said, "Opportunities are reserved for those who are prepared. Feng Bingfen Group can still hold out for some time, and I also believe there will be opportunities."

Cheng Jianshen thought about the problem more deeply. "Boss, which member of the Li Guanchun family do you think is the weakness?"

Luo Qihong's eyes became deep, and he said, "Of course it is our dear Chairman of the Stock Exchange, Mr. Li Fuzhao. He has tried many times to join the board of directors of Bank of East Asia, but has been rejected. Even Li Fushen, who is a head lower than him, has joined the board of directors. Do you think that the successful Li Fuzhao will swallow this breath?"

"Do you mean that Li Fuzhao will sell his shares in Chinese Estates to Feng Bingfen's family to retaliate against his clansmen?" Cheng Jianshen still couldn't help being shocked.

He didn't quite believe that this was news the boss had obtained rashly. It must have been the result of long-term observation. His patience was really sharp. He asked himself if he could wait that long.

"A man has feelings for her, and a concubine has feelings for him, so why can't they get along? It's only a matter of time before they work together." Luo Qihong raised his lips and sneered, "It's easy for big families to have problems, especially when the leader doesn't have enough prestige."

“The Chinese Estates Centre is a good property. If we take over Chinese Estates, we can add three more commercial buildings in Central. Then we will own nine commercial buildings in Central. The rentable area will exceed one million square feet, and we will be ranked among the top three landlords in Central.” Chen Zhilong was looking forward to the company's power skyrocketing and rushing into the front row of large real estate companies. He would then be able to become a well-known executive in Hong Kong.

Seeing Chen Zhilong's expression, Luo Qihong couldn't help laughing and said, "I didn't say I wanted to acquire Chinese Estates. How come you have a preconceived notion?"

"This" Chen Zhilong was dumbfounded, his face full of embarrassment, if it wasn't for the acquisition of Chinese Estates, why would he pay so much attention to it? Is he doing wedding clothes for others?
"I'm interested in the China Entertainment Properties Company, specifically the Entertainment Building in the heart of Central." Luo Qihong smiled slightly, "This building is not much inferior to the China Bank Building that was sold to Li Jiacheng. As for the Chinese Estates Company, we don't need to take it."

"Boss, are you planning to return Chinese Estates Holdings to the Li Guanchun family?" Cheng Jianshen asked.

Luo Qihong still shook his head and said, "I have a better candidate. I can't be the villain. When the matter is done, China Entertainment Real Estate Company will naturally fall into our hands."

"Boss, don't you plan to take away the old property? The Paramount Company is doing well in the hands of Chinese Estates." Cheng Jianshen is more ambitious and intends to instigate and stimulate Luo Qihong.

"No need. It's not right to leave a CD to someone else." Luo Qihong still wanted to be a good person. "Besides, Paramount sold it to me. It won't be of much use if I take it back."

"I can build the first Paramount Company, and I can also build the second Paramount Company. There is no need to worry about such a small industry."

“Yes, I will keep a close eye on the Feng and Li families of Chinese Estates.” Chen Zhilong said firmly.

Luo Qihong smiled and nodded. After all the plans were completed, the entertainment building would still have to be rebuilt and sold. The small commercial building in Central was not worth holding for a long time, and it was right to sell it at a high price.

However, the basis for the sale was that he owned better commercial buildings in Central, which could not be much inferior to those of the Hong Kong Land Development.

After Luo Qihong acquired Legu Real Estate Company, he stopped moving and entered a calm digestion phase, but the market was still turbulent. Pang Yalun from Australia, with the Benda Group, and Li Mingzhi, with the Huihuang Group, were conquering the market and acquiring several companies, and they showed no intention of stopping.

The Benda Group focused on attacking Hong Kong's insurance and real estate industries, which put great pressure on Qichang Life and Fire Insurance Company under Luo Qihong.

Fortunately, Luo Qihong has good connections and many companies under his control, so the insurance business has been in a growth stage, but the growth rate has seriously declined.

Many insurance companies were forced to sell under the strong pressure of the Benda Group, and the insurance industry was in mourning.

Luo Qihong certainly suspected that Pang Yalun wanted to retaliate against him, but unfortunately it didn't have much effect for the time being, and he turned to encroaching on the market share of small companies.

Luo Qihong didn't want to pay any attention to this madman. First, he had a lot of things to do and was very busy. He couldn't take care of Qichang Life Fire and Marine Insurance Company. Second, he didn't have a good way to deal with Pang Yalun and wanted to wait for the opportunity to appear. Li Mingzhi's actions were no less than Pang Yalun's. He had already acquired an industrial listed company, Dongrong Steel. However, because he held more than 35% of the shares and did not fully acquire them, he was condemned by the Hong Kong Securities Regulatory Commission and the Merger and Acquisition Committee.

Li Mingzhi also began to become famous, but it was not a good reputation.

The gossip magazines in Hong Kong were very sharp and even sent people to Australia to collect negative information about Lee Mingzhi, allowing many people in Hong Kong to know about Lee Mingzhi's past, as well as the feud between Lee Mingzhi and the Australian Securities Commission.

One magazine even published a headline titled "Does Lee Myung-ji have a grudge against the Securities Commission in his past and present lives?". While sales soared, it also attracted a letter from Lee Myung-ji's lawyer, demanding that the newspaper apologize and admit its mistake.

Unfortunately, the newspaper owner looked down on outsiders and knew that the newspaper would become famous only by fighting with Li Mingzhi. So he refused to apologize and even used articles in the magazine to provoke Li Mingzhi.

Leqi Real Estate Company was also officially renamed United Overseas Limited as Li Mingzhi's holding company in Hong Kong, and the currently acquired Dongrong Steel is under United Overseas.

When Luo Qihong heard the news, he directly called Li Mingzhi a fighter and did what the Chinese in Hong Kong wanted to do but dared not do.

The original rule of 35% shareholding to trigger a full takeover was designed to protect British companies, and the target group was the Chinese. Now that this set of rules has been challenged, the Chinese certainly want to applaud.

Qiyun Investment Company Office

As a partner, Luo Qihong did not have an office in Qiyu Investment Company, so he could only come to Lin Yunxue's office and sit for a while.

"I heard that you have been making big moves recently, acquiring two small listed companies at once. What are you planning to do?" Luo Qihong asked with a faint smile. Lin Yunxue's boldness was beyond his expectations.

"My plan is one light and one heavy. Dongbai Real Estate Company is the light one, and Baole Company is the heavy one. I will sell Dongbai Real Estate Company first, and invest all the recovered funds into Baole Company. Then I will operate it into an ideal asset state and sell it for profit." Lin Yunxue said simply.

"Very good!" Luo Qihong nodded. He had to say that there was nothing wrong with Lin Yunxue's strategic plan. This would maximize benefits without slowing down progress.

In fact, Qiyun Investment Company’s move was not small. If it weren’t for the wealthy Australian capital stirring up trouble, Lin Yunxue would be more famous and would not be as unknown as she is now.

This can only be said to be "time and fate". Lin Yunxue has such a difficulty in her life.

"Hurry up and take advantage of the good market conditions in the first half of the year to sell Dongbai Real Estate Company." Luo Qihong kindly reminded. Of course, he also had the reason of not wanting to suffer losses.

Lin Yunxue was very attentive and immediately noticed something was wrong. She thought Luo Qihong would not suddenly say something inappropriate, so she asked, "Is there any news?"

Luo Qihong nodded and smiled, "Just sell Dongbai Real Estate in early May. Don't ask any more questions. It's just an analysis and may not be true."

Luo Qihong believes that Dongbai Real Estate is a short-term investment project and two months of integration time is sufficient and there is no need to drag it out too long.

"Can't I tell you? Will the stock market fall?" Lin Yunxue asked tentatively.

"That's about it. You'd better be careful." Luo Qihong restrained his smile and looked quite serious.

Lin Yunxue nodded thoughtfully, wondering whether she should sell the stocks held by those companies.

Finally, she decided to ask Luo Qihong for his opinion. She asked, "The company still has some stocks. Should we sell them according to this date?"

"Sell it, unless you are not worried about short-term losses," said Luo Qihong.

Lin Yunxue continued, "I plan to change the company's next investment direction to investing in companies with potential and become a member of their board of directors. Do you think this is a good idea?"

"This kind of investment is suitable for large companies. The scale of Qiyu Investment is too small. This kind of investment method will have too slow returns and take too long, unless you are very confident in a company or are sure that there will be returns in the short term." Luo Qihong directly rejected Lin Yunxue's plan.

"Well, let's talk about it later." Lin Yunxue didn't force it. She had very little experience and needed a big shot like Luo Qihong as a backer.

Born into a wealthy family, she knew that rich people didn't like disobedient people, so at least she should be obedient now.

Mandarin Oriental Hotel, Central
There were three people sitting in this private room, Luo Qihong, Li Jiacheng and Feng Wanju, the boss of Guangshengxing International Company.

Feng Wanju is almost the same age as Li Jiacheng, already the same age as Luo Qihong's father. His hair is a little gray, but his face is ruddy and his skin is still very shiny.

Looking at Feng Wanju's shiny slicked-back hair and the colorful tie around his neck, Luo Qihong said with a smile, "Zhaoan Real Estate Company's acquisition of Guangsheng Bank's shares held by small shareholders is purely an investment, not an acquisition of Guangsheng Bank. Please rest assured, Mr. Feng."

(End of this chapter)