Hong Kong 1980: The Savage Era

Chapter 319 Chapter 320 [Acting in Secret]

As early as May, under the operation of Bai Jinyan, Dean Securities Investment Company began to sell stocks of small and medium-sized companies.

Bai Jinyan thought about it for a long time, and finally tried to suggest to Luo Qihong to sell some stocks of large companies, or even part of the stocks of 36 blue-chip stocks.

She was very worried that the previous big crash would repeat itself. Moreover, when small and medium-sized stocks plummeted, it was rare for large stocks to remain unaffected. If the estimate was underestimated, the company would be affected and suffer considerable losses.

Luo Qihong felt that what Bai Jinyan said made some sense. After being reborn for such a long time, the butterfly effect was inevitable. However, blue-chip stocks were very strong. Even in 83, the decline of blue-chip stocks did not exceed 3%.

So Luo Qihong agreed to the suggestion of selling stocks of large companies.

According to the report made by Bai Jinyan, including the stock sales of large companies, Dean Securities Investment Company will recover HK$18 billion in cash.

However, Bai Jinyan did not prepare the follow-up investment report, but chose to do it after discussing with Luo Qihong.

"This batch of funds will be used to buy at the bottom. I think this crash will not last too long, at most half a year. It is really difficult to find such a short-term investment project, and it requires such a large amount of funds." Luo Qihong said with embarrassment.

He doesn't know how to invest the billions of dollars he has. He can't keep making acquisitions, and he doesn't have the energy to do asset and debt restructuring.

He seemed to understand Li Jiacheng's idea of ​​moving out of Hong Kong. Such a large amount of funds would be too conspicuous in the small city of Hong Kong, and it would easily make too many enemies.

He has touched too many people's cake and become the local tyrant in Hong Kong, like the Hong Kong Land Development. But at least the Hong Kong Land Development is supported by the Hong Kong government and the British, while he can only rely on himself.

"That's true." Bai Jinyan said, "Why not return half of the funds to the Japanese market? If we want to buy at the bottom, 10 billion yuan will be enough."

"Okay." Luo Qihong nodded and said, "In addition to the Japanese market, we should also pay attention to other markets. Investment companies themselves are capital exports and cannot be confined to this small piece of land."

"Okay, then I'll start sending people to major cities around the world to do research and see which industries are worth investing in." Bai Jinyan agreed.

Once the tens of billions of capital doubles, it will be over 10 billion. We cannot invest all of it in Hong Kong, otherwise we will have no friends.

Fujia Newspaper Company Office

Wu Xiaohao sat opposite Luo Qihong and reported, "We have already negotiated with Cheng King-hon. We will raise 1 million yuan and hold 17% of the shares, while Sing Tao Newspaper Group will hold 22% of the shares. Cheng King-hon will hold 51% and have absolute controlling rights."

"The Paramount Newspaper Company currently has two best-selling magazines, Playboy and Capital, as well as a number of other miscellaneous magazines. It is estimated that the annual profit can reach 2 million yuan."

Luo Qihong threw the magazine on the table and said with a smile, "I invested in Zheng Jinghan not because of how much capital he had, but because I saw that he was a capable person. He was able to carve out a niche in the media industry in just a few years. He is not a simple person. Did he tell you how he planned to expand the Paramount Newspaper Company?"

Investment focuses on the industry market and the founder. In fact, the proportion of investment in founders is larger.

Apart from emerging industries, if other industries want to achieve success, it naturally depends on the ability of the founder.

Wu Xiaohao thought for a moment and organized his words, "Zheng Jinghan plans to imitate our "West Weekly" to make a magazine of the same type. He said that if Paramount Newspapers doesn't imitate it, other companies will imitate it, so it's better for Paramount Newspapers to do it."

"He is also investigating the market for gossip magazines, but he says now is not the right time and he needs to wait. When Paramount Newspapers has sufficient funds, he will acquire some famous daily newspapers as support."

It is better to give half of your own people a good deal than to give it to outsiders. Luo Qihong quite agrees with this statement.

Imitators of West Weekly will definitely appear, and no one can stop it. This is the trend of the times.

However, West Weekly can eat meat, the first batch of imitators can eat some shredded meat, and the subsequent imitators can only drink soup. "Let them imitate. If West Weekly is surpassed by the latecomers, it deserves to be replaced. You can also tell Yu Jichang what I said." Luo Qihong waved his hand, indicating that he didn't care about these.

"There are quite a few daily newspapers, but I don't think many of them can catch Zheng Jinghan's sight. Sing Pao, Express, Sin Pao and Hwa Chong Daily. These should be his targets." Luo Qihong laughed.

Newsprint itself does not make much money; it is advertising that makes money. An average newsprint can make tens of millions in profit a year, but rarely more than 5 million. The Tiantian Daily only has more than 3 million in advertising expenses.

"The Huaqiao Daily is in the hands of the Cen Weixiu family. Although Cen Weixiu is over 80 years old, he still has plenty of energy. I have never heard of any plans to sell it."

"."

Wu Xiaohao knew all these numbers by heart, as if he had expected his boss to mention them.

"Well, let Zheng Jinghan do it. What does he think of Wong Yuk-long?" Luo Qihong asked.

"An enemy is also a piece of fat meat." Wu Xiaohao explained, "Since we are in the same industry, we are of course enemies. If Wong Yuk-lang had stayed in the comics industry, he might not have been so conspicuous, but he insisted on vigorously entering the media industry, and his strength is not weak, which has affected many people."

"Wong Yuk-long is so arrogant and does not know how to restrain himself, so Cheng King-hon believes that Wong Yuk-long will get into trouble sooner or later. According to reliable sources, Wong Yuk-long plans to enter the real estate industry again."

"Humph!" Luo Qihong laughed. What's wrong with these people? First it was Hu Xian, and now it's Wong Yuk Lang.

"What about the listing?" Luo Qihong continued to ask.

Wu Xiaohao said, "Zheng Jinghan is very interested, but he is also very sober and thinks that now is not the right time. I thought that when I bought a newsprint, he would choose to go public."

It would cost tens of millions to acquire a newspaper of substance, unlike Luo Qihong's previous acquisition of Tiantian Daily. Even if the Paramount News Company was emptied, it might not be able to raise enough funds, so it could only be done through fundraising and share offering.

Thursday, May 6

The Financial Secretary of the Hong Kong government suddenly issued a statement announcing that the Overseas Trust Bank was unable to repay its debts and would be closed for two days.

At the same time, the Commissioner of Banking also issued a statement that the incident will not affect other banks and the Hong Kong government has taken corresponding measures.

In the afternoon, Luo Qihong received a call from Guo Lingcan, asking him to go to Hong Leong Investment Company to discuss important matters.

Considering the current information, Luo Qihong guessed Guo Lingcan's purpose, which was to deal with the takeover of Overseas Trust Bank.

Hong Leong Investment Company Meeting Room

The Guo Lingcan brothers, several senior executives and Luo Qihong were present and the atmosphere was relatively relaxed.

"Mr. Guo, are you in such a hurry to invite me here just because of the Overseas Trust Bank?" Luo Qihong asked directly.

"Almost. To be more specific, I want to acquire the Industrial and Commercial Bank of China under the Overseas Trust Bank. What do you think, Mr. Luo?" Guo Lingcan said, looking at Luo Qihong.

Guo Lingcan has always wanted to acquire a bank and expand the influence of Daoheng Bank, but due to the situation he has not taken any concrete action.

"Hasn't Mr. Guo been in contact with Wu Chanrui and Zhang Chengzhong, mother and son? There shouldn't be any problem with the acquisition." Luo Qihong's tone was full of sarcasm. He knew what Guo Lingcan was doing, but he was somewhat disgusted by the fact that Guo Lingcan was acting in secret.

(End of this chapter)