Hong Kong 1980: The Savage Era

Chapter 344 345 [Losing 1 million is no big deal]

"Aunt Xu, you're too kind to me. You're my elder, so I'll toast you a glass." Luo Qihong kept a smile on his face.

Xu Jiawen took a sip of the wine, glanced at Lin Yunxue, and joked, "I think Ah Hong and Ah Xue look like a good couple. How about I go back and talk to the one at home?"

Lin Yunxue's face changed slightly, but Luo Qihong remained calm and said, "Aunt Xu, please don't tease us. I'm getting married soon, so don't make such jokes."

"I see. I was rude. I'll drink a glass as a punishment." Xu Jiawen drank the small amount of wine in the glass.

After chatting for dozens of minutes, Xu Jiawen suddenly took out a document and handed it to Luo Qihong.

"I heard that the Baole Company under Qiyun Investment Company is preparing to sell it, and Baishi Real Estate Company is interested in taking it over. Ah Hong and Ah Xue might as well consider it."

Luo Qihong glanced at the plan and handed it to Lin Yunxue. He smiled at Xu Jiawen and said, "Aunt Xu, you know that the major shareholder of Qiyun Investment is Miss Lin. I am only the second largest shareholder. Miss Lin makes the final decision on many matters."

"So, this business depends on what Miss Lin thinks. I am an idle person."

Since Lin Yunxue has already surrendered and been raped, she should be given some benefits accordingly.

"Axue, what do you think?" Xu Jiawen smiled and said, "We are all family. If your dad knew, he would be very happy."

Lin Yunxue's expression remained unchanged. She put down the document and said, "The plan is not good enough. First, the valuation of Baole Company is insufficient. Baole Company's current market value should be 1 million yuan, and the plan is 7 million yuan. Second, the payment method must be completed within 1 months. 3 year is impossible."

Xu Jiawen and her son were very unhappy with the series of questions raised by Lin Yunxue, but they did not dare to lose their temper on the spot.

Because if he had an outburst, it would undoubtedly be like overturning Luo Qihong's desk, which was not worth it.

"Ahhong, what do you think?" Xu Jiawen asked Luo Qihong.

Luo Qihong smiled and said, "Let's compromise. Aunt Xu can split off some of the properties under Best Real Estate Company and raise funds for Baole Company by issuing new shares. This will keep the stock price high and make it easier for Qiyun Investment to sell the shares. Aunt Xu won't have to pay too much cash."

"This is a good idea. It will benefit both of us for the time being." Xu Jiawen's eyes rolled, as if he had thought of something.

"Property financing is only part of it. A maximum of 20% of new shares will be issued to Best Real Estate. Qiyuen Investment Company will also maintain its previous equity, so Best Real Estate Company still needs to prepare enough cash, or buy a certain proportion of equity with equivalent assets." Luo Qihong directly shattered Xu Jiawen's fantasy.

Luo Qihong would not allow controlling Baole Company at a small cost and damaging the interests of Qiyun Investment.

"I understand. Best Real Estate is already preparing to raise funds for rights issue. Cash won't be a big problem." Xu Jiawen forced a slight smile.

After leaving the table, Luo Qihong and Lin Yunxue sat in the back seat, and the car started to drive out of the basement.

"We still have to subscribe to new shares at the same stock price. Isn't this a disadvantage?" Lin Yunxue asked puzzledly.

"What if the real estate market will rise sharply next year?" Luo Qihong said with a smile, "Besides, the stock market is our home turf, so we can speculate higher. We will lose money for now, but we will make money in the future."

"Yeah!" Lin Yunxue nodded solemnly. "Did Xu Jiawen want to take advantage of the opportunity to take control?"

Luo Qihong touched Lin Yunxue's cheek and said, "You are quite smart. It seems that Xu Jiawen really wants to do this, but she is just thinking about it, unless she doesn't want the Best Real Estate Company anymore."

Lin Yunxue looked at Luo Qihong deeply and nodded secretly. She didn't dare to say such words. Only a tycoon like Luo Qihong would dare to do so and had the qualifications.

the other side

Xu Jiawen changed his expression, sat very seriously and said nothing.

"Is Ah Hong really having an affair with Lin Yunxue?" Lin Luoqi asked without hesitation.

Xu Jiawen tilted her head and said, "It's very likely that Lin Yunxue has become much more assertive. It's obvious that Luo Qihong is backing her up."

"Didn't you say that Lin Yunxue had a big conflict in the management of Qiyun Investment Company, and Luo Qihong wanted to withdraw? Why did it get fixed so quickly? Isn't that the only thing between men and women?"

"Then why don't you threaten Lin Yunxue?" Lin Luoqi asked.

Xu Jiawen smiled and said, "I was just about to speak, but Luo Qihong threatened me directly, you idiot."

"Well! Why don't we also acquire a company that is about to go bankrupt to run it. The price of Baole Company is too high." Lin Luoqi wanted to terminate this transaction.

"Didn't the people at the securities company explain it to you last time? We can't do it for now." Xu Jiawen said, "Whether it's assets, cash flow, or the appeal of the stock market, we are not as good as Luo Qihong, unless we put 3% of the assets of Best Real Estate Company on top."

"We can extend the time and rely on the growth of local cities to get out of the crisis." Lin Luoqi still said stubbornly.

"How long? 1 year? 2 years? Or 5 years? The situation in cities and counties is changing rapidly. Who can guarantee that the situation in cities and counties will be better than this year?" Xu Jiawen asked angrily.

Best Real Estate Company is not Luo Qihong, who can obtain a large amount of cash flow from the stock market and securities market. All of its important assets are in local cities, so it is natural to worry about the crisis caused by too much debt.

As Luo Qihong expected, the assets submitted by Best Property Company for share swap were all properties of relatively low quality, such as a small shop on Electric Road in North Point.

These properties are very scattered and difficult to manage, which requires a lot of manpower and resources. It is not a bad thing for small companies, but it is unnecessary for large companies.

"This Xu Jiawen actually used these things to fool us, and the quotes were all at a premium." Lin Yunxue flipped through the plan impatiently.

Luo Qihong smiled and said, "Baole Company will fall into their hands sooner or later. Whether it is good or not is their business, but the price must be based on the market price. This is a stock exchange, not an acquisition, so there is no reason for a premium."

"If Xu Jiawen is playing dumb, we will just raise the new share price and make it a bill without a premium."

"Then won't we also suffer losses? We are paying out real money." Lin Yunxue was unwilling to do so.

"Didn't Dongbai Real Estate Company take back a batch of rotten properties and land?" Luo Qihong said cunningly, "We can also sell them to Baole Company at a premium in exchange for new shares. After all, it's the difference between left and right pockets."

When Lin Yunxue heard that she could take advantage, she immediately changed her attitude, "Forget it, I won't remind these two mother and son."

A few days later, the share price of Legu Real Estate Company on the stock market showed an unusual small rise, which attracted the attention of many stockholders.

You should know that Legu Real Estate Company's main profit comes from rental collection, which is quite stable, unlike those real estate development companies. Therefore, the stock price will only change with the increase in local rents, and the increase is regular.

"Our shareholding has increased to 58%, while Waymon Investments' is approximately 16.4% and is still increasing, with the share price up 9%," Cheng Jianshen reported.

"We hold such a large amount of shares. Will Weimon Investment Company withdraw after making money and leave us with a mess?" Chen Zhilong asked worriedly.

They don't have much dealings with Waymon Investments and are not very clear about Waymon Investments' style of doing things.

"I think it's possible. The shareholding is too high, and it's difficult for Waymon Investment to drive down the stock price." Kang Wenyi agreed with Chen Zhilong's statement.

“Since it is difficult to push the price down, we will help you do so, as long as the shareholding is not less than 40%.” Luo Qihong glanced at the smoking cigar on the table.

"Yes!"

"Also, Huaguang Real Estate and Zhaoan Real Estate should not clarify the rumors spread by Weiman Investment. If necessary, they can say something vague, but they should not give the public any handle." Luo Qihong continued to explain.

Monday, September 1
Baole Company announced that it will issue 5 million new shares, of which 3 million shares will be subscribed by Best Real Estate Company and 2 million shares will be subscribed by Dongbai Real Estate Company. The par value of each new share is 2.5 yuan. This time, both companies will use corresponding assets to purchase new shares in cash.

As a result, Best Real Estate Co., Ltd. holds a 20% stake in Baole Co., Ltd., Qiyu Investment Co., Ltd. holds 23.07% and Dongbai Real Estate Co., Ltd. holds 13.33%.

Qiyun Investment Company is still the largest shareholder of Baole Company, and with the indirect control of the 13.33% held by Dongbai Real Estate Company, it holds a total of 36.4% of the shares.

This shareholding is not very high, but it can effectively avoid the risk of a full acquisition, and it also allows Xu Jiawen and her son to have peace of mind.

However, some economic magazines and newspapers reported this news, saying that the shareholding had exceeded the bottom line of 35% in disguise. Some reporters even went to the Securities Regulatory Commission to ask whether this violated the rules?

Both the CSRC and the committee stated that Dongbai Real Estate Company is a listed company, not a private company. Even if it is operated by Qiyu Investment Company, it belongs to all shareholders, so there is no problem of disguised shareholding.

In fact, this disguised method of shareholding is widespread, and many company bosses have used this trick. If it is seriously investigated, the prestige of the Securities and Futures Commission will drop to an all-time low.

At the same time, Waymon Investment Company began to sell off a large number of Legu Real Estate Company's shares and spread rumors in the market that Legu Real Estate Company had a major investment that suffered heavy losses overseas, and that Legu Real Estate Company was preparing to demolish three commercial buildings on Ice House Street in Central and rebuild them, requiring funds of more than 3 billion yuan.
This series of news was mixed with truth and falsehood, and even the so-called economic experts found it difficult to distinguish them, not to mention that Zhong Wei bribed some experts to cheer for his rumors.

A group of reporters surrounded Luo Qihong, and even the bodyguards couldn't stop them.

"Mr. Luo, may I ask if the news about Legu Real Estate Company on the market is true?"

“Did Legu Real Estate’s investment really suffer heavy losses?”

Luo Qihong pressed his hands down and said, "This matter still needs to be verified. I am not very clear about it now. Let's wait for the official announcement of Legu Real Estate Company."

"Mr. Luo." The reporters knocked on the car window, hoping that Luo Qihong could give a better answer.

As soon as Luo Qihong gave his answer, the share price of Legu Real Estate Company began to fall sharply, and small shareholders were all in panic.

Wan Chai Jiahui Real Estate Co., Ltd.
Guan Jiahui bought an office of 1,000 square feet here as the headquarters of Jiahui Real Estate Company.

罗齐鸿也为关嘉慧买进了1幢铜锣湾商厦以及2座半山区别墅，如此嘉慧置业公司便拥有了2幢商厦、3座半山区别墅，其中收租面积逾过30万平方尺，资产价值8千9百万元。

However, the company's shares belong to Guan Jiahui, but the sale must be approved by Luo Qihong, otherwise the sale will be invalid.

It's not that Luo Qihong was unwilling to give everything to Guan Jiahui, but he was worried that this woman would be deceived by her family. Giving some money to her parents' home was not a problem, but giving assets was out of the question.

"How do you feel? The occupancy rate of the two buildings has reached 85%, and the monthly rent is more than 2 million. Together with the rent of the villa, I pocket at least 230 million a month." Luo Qihong waited until the ribbon-cutting ceremony was over before coming to avoid some reporters.

"It's okay, I'm not particularly excited." Guan Jiahui's belly was already very big, and she seemed to be half lying down while sitting on the chair.

"With your earnings from the underwear company and the stock market, you can buy more properties in the future," Luo Qihong joked.

"The real estate market is so prosperous now that a year's income may not be enough to buy a commercial building. At most, you can buy a few shopping malls." Guan Jiahui said quietly.

"Almost. With some cash from the underwear company and the stock market, I can basically buy another commercial building." Luo Qihong knew that this woman wanted to take advantage of him again, so he quickly changed the subject and said, "I heard that Uncle Guan has become a playboy in his old age and found you a stepmother?"

Guan Jiahui turned her face away and said unhappily, "You are similar to him, both of you are men with a womanizing nature."

"Okay, you already knew who I was when we first met. It's too late to regret now." Luo Qihong smiled awkwardly, "I'll take you to meet my parents when I have time, okay?"

Guan Jiahui's face withered, and after a long silence, she said, "Let's talk when I'm ready. I don't even know how to greet or talk."

"OK! Let's wait until our son is born. Then we can take him to meet his parents-in-law, and it will be easier to talk to them." Luo Qihong knew that Guan Jiahui had some social phobia.

"The current film market is very good. Some friends want to start a film company with me. What do you think?" Guan Jiahui suddenly said.

"What? You want to steal my business and market?" Luo Qihong said jokingly.

"Yes, I am trying to steal your business." Guan Jiahui said with a playful smile, "Just tell me if you can make money?"

"Whether a movie makes money depends on the script, not the company. There are many movie companies now, but most of them lose money. There are not many movies that make money." Luo Qihong said, "Didn't Uncle Guan learn a lesson before?"

"What if I insist on opening it?" Guan Jiahui started to act like a child again.

"Then start it, but don't make big-budget movies. Make some small movies to test the waters." Luo Qihong was also happy to find something for Guan Jiahui to do.

Even if he loses 1 million a year, he is still willing to give it.

(End of this chapter)