Hong Kong 1980: The Savage Era

Chapter 322: 323 [Yongan Bank Explodes]

Liang Yingwei's decisiveness was beyond Luo Qihong's expectation. After selling a part of Aigo's shares on the stock market, he sold the remaining part to an investment company, recovered a large amount of funds, and completely withdrew from Aigo.

This kind of decisiveness is not a decision that an ordinary person can make, and it is made in a short period of time.

"Liang Yingwei is a man of such courage. Sometimes I don't understand why a hesitant person can suddenly become so decisive." Liu Luanxiong said with some emotion.

Liu Luanxiong is not a cruel person by nature. He still has some feelings for his original partner Liang Yingwei, but not much. Moreover, being born in a wealthy family, he can better understand the meaning of money to human nature.

"Mr. Liu, it would have been a good thing if Liang Yingwei had stuck to Aimego. Now that he has left and entered the primeval forest, no one knows when this guy will come out to take advantage of others' misfortune." Luo Qihong smiled slightly, but his tone was unusually heavy.

We are not afraid of enemies right under our noses. What we are most afraid of is enemies hiding, like hunting beasts.

"Who said it wasn't? But there is no way out now. Either Liang Yingwei dies or we die." Liu Luanxiong was full of fighting spirit and seemed to have become a brave and fierce person.

"Forget it. Decisiveness is his only advantage. This acquisition is actually beneficial to him. But we won so easily. I don't think he will achieve much in the future." Luo Qihong remembered that Liang Yingwei disappeared after leaving Aigo in his previous life. It was said that he ran an electronics factory in the mainland, but later went bankrupt.

"What happens next at Aimego will not be a big problem. I can call back my old subordinates to support the management of Aimego." Liu Luanxiong's meaning was very clear. The senior management of Aimego was about to face a major purge.

But think about it, a new emperor appoints new ministers, and these senior officials are Liang Yingwei's confidants. Who knows whether these people will collude with Liang Yingwei to cause trouble.

"Well, Mr. Liu is the major shareholder and the founder of Aigo. He will definitely bring Aigo back to its peak." Luo Qihong said with a smile.

"Let Hexiang Trading Company handle the trading agency rights of Aimego. I don't feel comfortable giving it to anyone else." Liu Luanxiong felt that Luo Qihong was a very good partner and generally would not interfere with his work.

Moreover, sometimes the two of them have many of the same ideas, so there is no need for too much explanation.

"Okay, no problem." Luo Qihong nodded upon hearing the news.

Liu Luanxiong hesitated and asked, "Mr. Luo, after this incident, I have some immature ideas. You are a big shot in the securities and stock industry, can you help me correct them?"

Luo Qihong was immediately shocked. Could it be a 'sniper tactic'? A sniper was going to be born from my hands?
"Tell me about it, can I help you?"

"If the controller of a listed company does not have a firm control, I can initiate a takeover of the company and use an excuse to drive up the stock price. If there is an opportunity, I will acquire the company. If there is no opportunity, I will cash out at a high price and leave. Does this seem to make me invincible?"

Luo Qihong's face darkened slightly, and he said, "Mr. Liu, this is indeed unsolvable, but I'm afraid this reputation cannot be kept."

"Luo Sheng, I am not you. I don't have your strong ability and long-term vision. If I want to rise to the top quickly, I have to give up my fame. Maybe with enough capital, I can slowly get my fame back." Liu Luanxiong has been deeply trapped in the "sniper tactics" and cannot extricate himself.

"Mr. Liu, you think too highly of me. I am just standing at the forefront of the times." Luo Qihong shook his head and smiled bitterly, "Since Mr. Liu doesn't care about his reputation, this is a good way to quickly accumulate capital. Mr. Liu, do you have a goal?"

"There just happens to be one. In fact, I have been paying attention to this company since 83. It is also a company related to Aigo, Nengda Technology." Liu Luanxiong said with some pride.

So, Liu Luanxiong briefly introduced the information of Nengda Technology Company.

Nengta Technology Co., Ltd. is affiliated to the Chuang's Group. It was listed in 83. The stock offering premium was 2.8 yuan, and the stock price once reached a peak of 5.6 yuan.

At the beginning, Chuang's Group held a 75% stake, but it sold shares frantically to cash out in the first two months. Its current shareholding is only 23.1%, which is a more suitable target.

Once the sniping is successful, Liu Luanxiong will have practical experience, which will be very helpful for future sniping.

Today, the share price of Nengda Technology has fallen to 0.64 yuan, which is at the bottom. It is a good time to buy at a low price.

"You want Dean Securities Investment Company to be your consultant and spokesperson. That's not impossible, but I have to remind you that Dean Securities Investment Company lacks experience, and this is your first time, so problems may easily arise." Luo Qihong politely refused.

"The first time is indeed very important, so we should be cautious. So, Luo Sheng, does anyone have any good companies to recommend?" Liu Luanxiong walked down the stairs.

"Go find Liang Botao. He has a lot of experience. I asked him to help me with many large acquisitions." Luo Qihong said, "When you have enough capital, I will introduce you to a few companies. You need a reputation to do this business. Otherwise, how can those shareholders keep up?"

Liu Luanxiong's pupils dilated slightly. He thought Luo Qihong was disgusted with this approach just now, but now it seems that he was just concerned about his reputation.

"Okay, Mr. Luo, could you please reveal the name of the company now so that I can make some preparations." Liu Luanxiong was already eager to try.

"The first company is the Star Ferry, which is owned by Li Zhaoji. Li Zhaoji cashed out a lot when he acquired the electric light company, and now holds about 20% of the shares." Luo Qihong smiled and said, "The advantage of this company is that it is a high-quality industry. If we take it over, Liu Sheng's family base will be established."

"This company is really good!" Liu Luanxiong became even more excited. Li Zhaoji is a real estate tycoon in Hong Kong. He controls two high-quality companies and is very popular at the moment.

"Mr. Liu, you'd better not alert the enemy and finish the project of Nengda Technology first." Luo Qihong reminded.

"Yes, I know." Liu Luanxiong said, "I heard that Li Zhaoji is also reducing his stake in the electric light company. Can we also make a move?"

Luo Qihong smiled bitterly. Liu Luanxiong's ambition was so great that he had even set his sights on companies with a market value of billions.

"This is a bit difficult. Pao Yue-kong holds a lot of shares in the electric light company, and he will definitely support Li Zhaoji." "Then I'd better target the Star Ferry Company." Liu Luanxiong didn't want to offend two big guys at once, and it was basically impossible to persuade Pao Yue-kong.

Luo Qihong looked at Liu Luanxiong, this plain-looking man, who was about to stir up a bloody storm and make all the Hong Kong business tycoons feel insecure.

Who isn't afraid of being sniped? That's a tactic that will cost you your life, even if you don't die.

The beginning of April

Yongan Bank officially started its share offering and raised 1.2 million yuan, but small shareholders refused the offer. Yongan Group's stake in Yongan Bank increased from 51% to 76%.

Since Yongan Bank is a listed company and its 76% shareholding has reached the 75% threshold, the China Securities Regulatory Commission issued a warning to Yongan Group, requiring it to reduce its holdings to 66% within one month, otherwise it will consider revoking Yongan Bank's listing status.

The magazine reported on this matter. Small shareholders said that Yongan Bank has not paid dividends for several years, and the current share offering is somewhat unacceptable. Some small shareholders also believe that Yongan Bank has suffered serious losses, like Overseas Trust Bank.

These skeptical remarks caused quite an impact, and a spokesperson for Yong'an Bank came out to say that Yong'an Bank's business was in good condition.

However, when reporters asked why there had been no dividends for so many years, the spokesperson said that this involved bank secrets and it was not convenient to answer for the time being.

The reporter's words were very sharp. He asked what kind of project would take four years and there was still no sign or news of it?

The spokesperson still hesitantly said that he had no comment and that it was all confidential.

Such a press conference caused public speculation to become increasingly serious, and many people believed that there were big problems with Yong'an Bank.

However, there was no immediate bank run and the market is still in the stage of speculation and hype.

By mid-month, the auditors discovered the huge losses of Yong'an Bank, and the matter was exposed. Suddenly, countless depositors flocked to Yong'an Bank, causing a bank run.

Since the 60s, no bank has been able to escape the fate of being taken over or going bankrupt once a bank run occurred.

In the past few years, Luo Qihong had dealt with the Guo family of the Wing On Group. Although he was only the head of Wing On Department Store, he was also a powerful figure in the Guo family.

Therefore, Luo Qihong personally went to the Guo family's most powerful person to discuss matters.

"Hello, Mr. Guo!" Luo Qihong shook hands with Guo Zhiquan with a smile on his face, while the other members of the Guo family just nodded in greeting.

"Hello, Luo Sheng!" Guo Zhiquan responded indifferently.

All members of the Guo family knew the real purpose of Luo Sheng's visit, which was to take advantage of the situation to rob. However, if the Guo family wanted to keep Yongan Bank, they really had to accept Luo Qihong's robbery.

After everyone praised each other for a while, they started to get down to business.

"According to the current situation of Wing On Bank, without the help of the consortium, the Hong Kong government can only take over." Luo Qihong told the truth.

Some members of the Guo family were not convinced and hoped to get better conditions. "Mr. Luo is wrong. Yong'an Bank has a history of several decades. It survived the bank bankruptcy wave in the 60s and 70s and can also survive this wave. Moreover, the situation of Yong'an Bank is far from as serious as the outside world says."

"Really? Then can I let a third-party company intervene in the accounting? If there is no problem with Wing On Bank, I will lose 1 million Hong Kong dollars to your Guo family. Otherwise, your Guo family will lose 1 million Hong Kong dollars to me. How about that?" A sneer appeared on Luo Qihong's lips.

Whether there is a problem or not cannot be proved just by talking.

That member felt guilty, his throat moving constantly, he wanted to retort but didn't know how to make a sound.

"How does Luo Sheng plan to help us overcome this difficult time?" Seeing that pestering was futile, Guo Zhiquan became more direct.

"Let me first tell you my conditions. I need to take over the Wing On Centre Building in Sheung Wan and all the properties in Wing On Plaza in Tsim Sha Tsui East."

"This is impossible!" Guo Zhibin refused on the spot without waiting for Luo Qihong to finish speaking.

Luo Qihong looked at Guo Zhiquan, the person in charge, and asked what he thought.

"Mr. Luo, these properties are our family property and are unlikely to be sold. Why don't we try other conditions?" Guo Zhiquan said in embarrassment.

Luo Qihong smiled and said, "Apart from these properties, I don't care about anything else."

"Many people say that you, Luo Qihong, are good at taking advantage of others' misfortunes. Today I see that your reputation is indeed well-deserved."

"Shut up! It's not your place to judge Luo Sheng's character." Guo Zhiquan didn't want to provoke a ruthless man like Luo Qihong at a time when the family business was in turmoil.

"There is some truth in what Mr. Guo said, but I don't think I will take advantage of the situation this time. You all know how serious the situation of Yong'an Bank is. I have only learned a little bit, and I still find it shocking. Do you think I should spend so much money on charity?" Luo Qihong sneered.

(End of this chapter)