Hong Kong 1980: The Savage Era

Chapter 35 [Treasure Hunt Game]

Lin Zuhui thinks highly of his eldest son Lin Luoxun. Of course, Lin Luoxun is very capable and shrewd. So when he knew that Lin Luoxun was involved in this matter, he still asked Lin Luoqi to tell the story again.

This caused Xu Jiawen to feel a little dissatisfied. This old man valued Lin Luoxun too much. He knew what was going on, but he still wanted her son to say it again.

However, Xu Jiawen did not show her dissatisfaction on her face. She still pretended to be a good person and maintained the harmonious atmosphere of the family in this situation. The only thing she lacked was to scold Lin Luoqi in public.

Lin Luoqi reluctantly told the whole story again, downplaying Luo Qihong's role a lot. This was also what Xu Jiawen had explained clearly to Lin Luoqi in advance, which helped to highlight Lin Luoqi's abilities.

A son who is ambitious and capable is more likable than a son who is ambitious but incapable. The former can achieve something in his career, while the latter is just an ambitious and vain person.

Lin Luoxun was in a dilemma now. He could have dealt a heavy blow to the mother and child in front of him, but now he was in a dilemma. If he spoke too harshly, it would affect Lin Zuhui's opinion of him, but if he spoke too lightly, he didn't want to miss such a good opportunity.

"Yiren Real Estate Company is on the verge of bankruptcy. It would be better to hand it over to Haofeng Real Estate for disposal. This will not only facilitate the restructuring of debts and assets, but also contribute to the family." Lin Luoxun said thoughtfully.

"What about the treatment of Rocky? What do you think? Don't worry about it." Lin Zuhui looked at Lin Luoxun and asked.

Lin Luoxun sighed and said, "Dad, Rocky is still young, so it's inevitable that he will make mistakes. Why not let him go to the bottom to gain some experience? Rocky worked as a real estate agent before, so he can work as a clerk in the property department to gain experience, which will also make it easier for him to be promoted in the future."

"What if I want Rocky to deal with the mess of Yiren Real Estate?" Lin Zuhui still stared at Lin Luoxun.

Hearing this, Lin Luoshi lost his temper and wanted to defend his elder brother, but was stopped by Lin Luoxun.

"It's not that I don't trust Rocky, but the situation of Yiren Real Estate Company should not be good. Restructuring debts and assets is a very hard job. It is better to send someone from Haofeng Real Estate to handle it." Lin Luoxun said hypocritically.

Lin Luoqi couldn't help it, and told him the plan that Luo Qihong had mentioned before, and offered to let his family inject capital and hand over the control of Yiren Real Estate Company.

"How about this, Yiren Real Estate Company will issue new shares to Haofeng Real Estate. Haofeng Real Estate will hold 35% of the shares, and Rocky will hold about 16% of the shares. Rocky will manage Yiren Real Estate." Lin Zuhui turned to look at Lin Luoqi and said sternly, "If you mess this up, you should go back to being a real estate agent in the future."

"Got it!" Lin Luoqi pursed his lips, feeling a little nervous. This level was passed quite smoothly.

The Lin Luoxun brothers were indignant but helpless, as Lin Zuhui had already made up his mind and saying anything more would only get him less.

"Haofeng Real Estate is going to purchase some properties recently, so let Luo Xun take care of these projects." Lin Zuhui looked at Xu Jiawen and said, "Give a heads-up to the people in the finance department. Don't let the last blunder happen again."

Lin Zuhui was reminding Xu Jiawen not to make things difficult for Lin Luoxun on these projects.

Seeing that his goal had been achieved, Xu Jiawen was in a good mood and said, "It will definitely not happen again. I will handle this matter myself."

"Allow the money to Luo Xun as soon as possible. Reserve 1000 million first. If it's not enough, then submit an application." Lin Zuhui waved his hand.

"Okay!" Xu Jiawen nodded with a smile.

It cannot be said that Xu Jiawen and her son won a complete victory in this confrontation, but the basic goal was achieved, Lin Luoxun also benefited, and Yiren Real Estate Company did not become independent.

The next morning, Lin Luoqi came to North Point and explained the matter to Luo Qihong in person.

"It's okay! I understand your difficulties." Luo Qihong smiled slightly. The new shares were not that important. He could also purchase shares of Yiren Real Estate Company from the stock market.

"With the family's investment, I think Yiren Real Estate Company doesn't need to untie the bonds layer by layer anymore." Lin Luoqi said. Luo Qihong smiled and said, "It still needs to be untied. It would be best if there is a surplus after the rent is paid back and the interest is paid. Otherwise, there is not much point in Yiren Real Estate Company issuing new shares."

The most important thing is that the stock price is difficult to rise, which affects Luo Qihong's investment in the stock market.

Lin Luoqi thought about it and agreed. “Then I’ll go back and figure out how many properties are appropriate to unbind and sell. I’ll let you handle the sale of those properties as compensation to you.”

"Okay!" Luo Qihong would not refuse the money that was offered to him.

After Lin Luoqi left, Luo Qihong also got up and went to Central. He had made a plan last night to sell part of Hang Lung Group shares today and buy shares of Yiren Real Estate Company.

The HSBC trading hall was as crowded as ever, with many people stationed here, keeping a close eye on the stock prices they were holding.

Since Luo Qihong was a big client, Zhang Taotao applied for a small reception room of 40 or 50 square feet to entertain Luo Qihong.

"Mr. Luo, the share price of Hang Lung Group is now 9.1 yuan. Such an increase is thanks to the news that Hang Lung Group announced the sale of Mong Kok Centre Building, with a profit of 1.6 million yuan." Zhang Taotao had a smile on his face.

"Well!" Luo Qihong made up his mind and said, "Let's sell the 10 shares of Hang Lung Company that I hold, and by the way, check the current share price of Yiren Real Estate Company."

"Okay! I'll do it right away. Please sit for a moment." Zhang Taotao quickly left the meeting room.

Not long after, Zhang Taotao came back with a stack of documents and handed them to Luo Qihong, "Mr. Luo, you need to sign these documents. The current share price of Yiren Real Estate Company has dropped to 8 cents per share."

"Okay! All the funds raised from 10 shares of Hang Lung Company will be used to buy shares of Yiren Real Estate Company." Luo Qihong was silent for a moment, then gave instructions.

The share price of Hang Lung Group was still rising, and Hang Lung Group's stock was a high-quality stock. 10 shares were sold very quickly at the price of 9.2 yuan, and were snapped up by investors in less than half an hour.

"Mr. Luo, you have sold all the 10 shares of Hang Lung that you held. The purchase price was 5.6 yuan, and the selling price was 9.2 yuan. After deducting the expenses, you have recovered 90.16 yuan, and the profit is 34.16 yuan." Zhang Taotao reported, "We are still buying the shares of Yiren Real Estate Company. It will take nearly two days to buy them all. We can buy about 2 million shares."

Luo Qihong asked about the stock situation of China Bus Company again, and got the answer that there was no fluctuation, which made him feel a little disappointed.

Back to North Point Store
Luo Qihong began his daily work schedule by browsing the newspapers. Suddenly, a name, Zhan Peizhong, caught his eye. The content was that Zhan Peizhong's Yingzhong Securities Company assisted the Carrian Company in acquiring the Vinda Shipping Company, and the Carrian Company intended to become the overlord of the sea.

Luo Qihong did not want to lament Chen Songqing's greed, nor did he think that Zhan Peizhong was an accomplice to the evil, but he remembered that after Chen Songqing's downfall, Zhan Peizhong returned to Hong Kong from Canada to engage in the "treasure hunt game" business.

The 'treasure hunt' business involves acquiring disabled companies or companies on the verge of liquidation, injecting capital, restructuring, and reselling them. This method can generate good profits.

Luo Qihong felt that if Zhan Peizhong, born in 85, could earn tens of millions of dollars from a company, he could also earn 1 million from a company. This was a very profitable business.

However, this can only be carried out after the acquisition battle of China Bus is over. Firstly, there is insufficient funds, and secondly, Luo Qihong needs to collect information about those companies and choose a company that is easy to operate.

After thinking for a long time, Luo Qihong thought that he would need to spend a lot of money to hire someone to collect information, but suddenly he thought of a more suitable candidate who might not cost much.

Therefore, Luo Qihong thought about how to speak before calling the person, explaining his purpose and that he needed the person's assistance in the acquisition. After all, acquiring a company requires checking the financial accounts and so on.

If Luo Qihong had to do everything by himself, he would have to run around to get all those professional companies together. It would be better to sell the package to a securities company and pay for it himself.

(End of this chapter)