Hong Kong 1980: The Savage Era

Chapter 351 Chapter 352 [Adult Favor]

Bank of East Asia Conference Room

Li Fushu, Li Fuqing and other powerful people of the Li family were there, and they did not dare to look down on Luo Qihong, a famous tycoon in Hong Kong, even though the Li family had been accumulating power in Hong Kong for half a century.

"The current yen/dollar ratio is 173 to 1, Luo Sheng's buying point is 255, and the profit margin is 32.2%. With a principal of 2 million yuan and a five-fold leverage, and a purchase of 10 billion yuan, the profit is 3 million yuan. After deducting various expenses, the net profit is 2 million yuan." Li Fushu said.

"Thank you, Mr. Li." Luo Qihong laughed.

"Mr. Luo, the bank plans to take over all of this Japanese yen currency investment. What do you think?" Li Fuqing asked casually. It was just a casual question.

Luo Qihong said, "I have already planned to sell. It doesn't matter who takes over. It's a good thing that Bank of East Asia is more optimistic about the yen market."

"I heard that Luo Sheng has several billion Hong Kong dollars of investment in the appreciation of the Japanese yen at HSBC. Will that investment also be sold?" Li Fushu asked with interest.

"Not for now. The leverage of tens of billions of yuan is really unbearable. We need to recover some funds for turnover." Luo Qihong explained briefly, not wanting to cause any misunderstanding.

"It seems that Mr. Luo is going to make a lot of money. If there is a need in the future, Bank of East Asia can provide a high leverage of more than 10 times." Li Fushu thinks highly of Luo Qihong.

"How much leverage funds can Bank of East Asia provide at most?" Luo Qihong asked hypocritically.

"It's not a problem if it's less than 30 billion." Li Fushu made an OK gesture and said complacently.

"Okay, I will come to see Mr. Li if I need anything in the future." Luo Qihong promised casually.

"Now that we have finished discussing official business, let's talk about some personal matters, Mr. Luo." Li Fuqing made a gesture of invitation and continued, "The acquisition battle of China Resources Land has ended. It seems that Aigo has gained control. However, there is also an Asia Securities Company next to it. How do you and Mr. Liu plan to deal with Wei Li of Asia Securities Company?"

In the eyes of the Li family, Wei Li was only slightly less hateful than Feng Bingfen and Li Fuzhao, and they certainly did not want Wei Li to gain control of Hutchison Whampoa.

"Mr. Liu already has a specific plan, which will take some time. He now intends to gain majority control of Hutchison Whampoa, leaving a small portion to Wei Li, and then slowly take it back later." Luo Qihong gave a vague answer.

Li Fuqing said, "With Luo Sheng in charge, we have confidence. If there are any financial difficulties in this regard, Bank of East Asia is willing to provide them."

"Thank you, Mr. Li." Luo Qihong smiled, "But I still need to discuss this matter with Mr. Liu. After all, I am not the one who makes the decision."

Li Fuqing is younger than Li Fusu and is the younger brother. The age can be used to distinguish the two.

Mandarin Oriental Hotel
Wei Li took a sip of red wine thoughtfully, his eyes moving between the two of them for a while.

"Okay, Mr. Liu can be given the day-to-day management rights of Hutchison Whampoa. However, the board's resolutions must be voted on based on the number of people, not voting rights. What do Mr. Liu and Mr. Luo think?"

Wei Li was very clear about Liu Luanxiong's wishful thinking. He could only control the board of directors in this way, otherwise he would not be able to defeat Liu Luanxiong and Luo Qihong.

Liu Luanxiong and Luo Qihong looked at each other and nodded, "Okay, let's follow Mr. Wei Li's plan."

Wei Li immediately felt that he had fallen into a trap, but unfortunately he did not regret it, after all, it was he who made the suggestion.

"Mr. Luo is the director and shareholder of Guangshengxing International. I wonder if he can help me make the connection. I want to meet Feng Wanju of Guangshengxing International?" Wei Li didn't care about these anymore and stated his purpose.

Hearing this, Luo Qihong frowned. He had been eyeing Guangshengxing for a long time, and Wei Li's goal at this time was obviously to annex Guangshengxing.

"Mr. Wei Li wants to acquire Guangsheng Bank?" he asked bluntly.

"That's about right. I heard that Feng Wanju is interested in selling Guangsheng Bank, so I hope to privatize Guangsheng Bank." Wei Li said with a smile. Luo Qihong said, "Li Jiacheng and Feng Wanju are close friends, and Guangsheng Bank and Cheung Kong Industrial Company have a lot of cooperation. How confident are you, Mr. Wei Li?"

Wei Li shook his head. "I'm not sure. Let's give it a try."

"Since Mr. Wei Li has found a target to acquire, can he let go of China Resources Land?" Liu Luanxiong seized the opportunity.

Wei Li glanced at Liu Luanxiong and said, "These are two different things, Mr. Liu. Guangshenghang is still not as good as Huazhi. If Mr. Liu thinks there is no difference, we can switch."

Liu Luanxiong stopped talking and started drinking.

Of course, there is no comparison between Guangsheng Bank and Hutchison Whampoa, but this does not affect the quality of Guangsheng Bank. In addition, the large amount of cash on its books makes it superior to many peers. Otherwise, Luo Qihong would not have been attracted to it at the time.

"Okay, then I will be the middleman for Mr. Wei Li." Luo Qihong finally nodded and agreed, not for Liu Luanxiong and China Resources Land, but because Kwong Sang Hong was no longer as attractive to him as it was before.

The privatization of Guangsheng Bank is very difficult. Even if it is successful, it will come at a considerable cost. It is worthwhile when the market is booming, but it is easy to incur losses when the market is weak.

There is only one year left before the global crash. Time is running out and Luo Qihong feels there is little hope.

Kwong Sang Hong International Company Meeting Room
There are only three people here: Li Jiacheng, Feng Wanju and Luo Qihong.

Thanks to Luo Qihong's participation, Guangshengxing Company has basically completed the development of the properties it has and has become a real estate investment company with rental income as its main source of income.

Last year, i.e. in 85, the net profit from rental income was as high as HK$1 million. The company has properties for rent in Causeway Bay, Tsim Sha Tsui, South Bay, Repulse Bay, Stanley and other areas. The rental area in Causeway Bay alone is 28 square feet, with an annual rental income of more than HK$4 million.

Guangsheng Bank's development has almost reached its limit. Now is the most appropriate time to let go and maximize the benefits.

"I intend to let go of Guangsheng Bank, but there are many companies willing to take over and the bids are not low. It does not necessarily have to be sold to Asia Securities Company." Feng Wanju said with a smile, but his eyes glanced at Li Jiacheng.

There were considerable conflicts between Wei Li and Li Jiacheng. When they were fighting for the control of Hutchison Whampoa, Li Jiacheng was often troubled by Wei Li, so Feng Wanju wanted to help Li Jiacheng get back on his feet.

"What do you think, Mr. Li?" Luo Qihong asked with a smile on his face.

"If Mr. Wei Li's bid wins, I think there will be no problem in selling it to Mr. Wei Li." Li Jiacheng still has to maintain his clear distinction between public and private.

"Mr. Li, don't you also have plans to take over Guangsheng Bank?" Feng Wanju suddenly said.

Li Jiacheng smiled and said, "I am just a competitor. The interests of shareholders should be the most important factor."

Luo Qihong handed over a business card and said, "I am just a mouthpiece. If Mr. Feng is willing to let Asia Securities participate, he can contact Mr. Wei Li."

Luo Qihong thought to himself, "What does this have to do with me? Do you need to cover up for me?"

After Luo Qihong left, Feng Wanju asked Li Jiacheng, "Did Luo Qihong collude with Wei Li?"

Li Jiacheng narrowed his eyes and said, "It shouldn't be. The two sides had a big fight over the acquisition of China Resources Land. It's impossible for them to cooperate so quickly."

"What do you think of Wei Li?" Feng Wanju continued to ask. In fact, he liked Cheung Kong Holdings, which could buy a huge favor for Li Jiacheng and accomplish certain things in the future.

After all, Feng Wanju's family also owns private companies, but they are unable to fully privatize Guangsheng Bank, and they also want to invest overseas.

(End of this chapter)