Hong Kong 1980: The Savage Era

Chapter 358 Chapter 359 [A bit scary]

The Luo Qihong family's company already owns nearly 20 square feet of land (including the interests in China Hong Kong City) in Admiralty and Tsim Sha Tsui, which can build a floor area of ​​more than 1 million square feet.

This number is temporary and will increase exponentially in the future, even catching up with the commercial building area owned by Hong Kong Land Development in Central.

Therefore, Luo Qihong does not care much about the company's layout in Causeway Bay and Wan Chai. Of course, the more the better.

Federal Realty will also be privatized, and the millions of square feet of rental space in Central will belong to Tak Hop Properties.

In fact, Lane Crawford Development Company also has a Lane Crawford Building in Central, with a floor area of ​​nearly 19 square feet and a value of 3 million yuan, which can provide tens of millions of yuan in rental income each year.

By this calculation, the commercial building rental area of ​​Luo Qihong's company in Central has already exceeded 160 million square feet, making it the second largest landlord in Central.

Once the construction of Admiralty Tak Hop Plaza is completed, the rental area will smoothly exceed 2 million square feet, approaching the first position of Jardine Matheson Holdings Limited.

By late August, the high-profile takeover attempt of Bank of East Asia came to an end. Paramount announced that its acquisition of Bank of East Asia had failed, but it made a profit of more than 8 million yuan, of which Aigo received 1%, or more than 3 million yuan.

Most of the small shareholders made a fortune, while the Kan Rug Keung family, the Li Fook Shu family, the Fung Bing Fen family and Li Zhaoji suffered heavy losses. In fact, Li Zhaoji still benefited because Bank of East Asia, as the largest Chinese bank in Hong Kong (Hang Seng Bank was already under HSBC), could generate considerable dividends every year, and it only took 4 or 5 years to recoup the investment.

As a result, Liu Luanxiong's reputation as a stock market killer reached its peak, surpassing the new heads of chaebol families such as Luo Qihong and Luo Xurui, and he was qualified to form his own faction.

At the same time, Cheung Kong Holdings announced that it would abandon its acquisition of Kwong Sang Hong International and transfer all its shares to Asia Securities. Asia Securities also launched a comprehensive acquisition of Kwong Sang Hong International as usual, with a premium of 1% and all settlement in cash.

Dean Securities Investment Company
"I can imagine how dark Feng Wanju's face was. Li Jiacheng was hitting Feng Wanju directly in the face." Luo Qihong laughed. Li Jiacheng has always done things in this way. If there is value, he will talk about human feelings. If there is no value, it is in the long-term interests of the company and he must be responsible to the company's shareholders.

Anyway, no matter how I play, I am reasonable. My main goal is to make money and save face.

"This is several hundred million yuan. According to the strategy of Cheung Kong Industries, the funds will not be put into the property rental with a long return. A few years is enough for Cheung Kong Industries to multiply this amount of funds tenfold." Bai Jinyan smiled sweetly, "So Feng Wanju's face cannot be saved by so much money."

"Li Jiacheng could have sold Guangshenghang to someone else, but he shamelessly sold it to Wei Li. It seems that Wei Li has something that Li Jiacheng wants, and it's something that Li Jiacheng can't refuse." Luo Qihong said.

"Wei Li has a lot of work experience. It's not surprising that he left some tricks in Hutchison Whampoa. If it weren't for the cooperation between Shen Bi and Li Jiacheng of HSBC, Wei Li would not be out. He should be one of the top business tycoons in Hong Kong now." Bai Jinyan took a deep look at Luo Qihong. "It's the time and the fate!"

"I like the last sentence, 'It's all about time and fate.' Shen Bi's choice has a lot to do with the current situation. It can be seen that Shen Bi saw the British's defeat in 78 and began to bet on Li Jiacheng to make arrangements." Luo Qihong said.

Bai Jinyan disagreed, "Chinese capital began to rise in the early 70s, and it should have little to do with the mainland."

Who can explain what happened here clearly? Only Shen Bi himself knows.

"Do you think Wei Li can succeed in privatization?" Bai Jinyan asked.

"It's hard to say. Wei Li is not Li Jiacheng. He needs Guangsheng Bank as the foundation for the expansion of Asia Securities. Even if he cannot successfully privatize it, he will not let it go and will try every means to privatize it." Luo Qihong analyzed the matter from the perspective of the business community. "Then can we invest in Asia Securities?"

"Of course, have you completed the work with Federal Realty Corporation?" Luo Qihong changed the subject.

"Preparations have already begun. The share offering will start in early September. Are your funds ready?" Bai Jinyan asked jokingly.

The equity of Federal Realty has been transferred to Dehe Realty, which holds approximately 34.9% of the shares and requires a rights issue of HK$3 million.

The previous profit from the Japanese yen currency investment in Bank of East Asia was 3 million yuan, plus the principal of 1 million yuan, which was enough to pay for the funds raised from this round of share issuance.

"It's just a small amount of money. Just wave your hand and it's ready." Luo Qihong said jokingly.

Bai Jinyan took the opportunity to sit on his thighs and said charmingly, "You have so many businesses, I want to help you, why don't you let me manage Dehe Real Estate Company?!"

Luo Qihong smiled and said, "Just do your job at De'an Company first. Next time, I will take you to the board meeting of China Gas Company and you can be a director. How about that?"

Bai Jinyan thought for a moment and realized that the market value of China Gas Company was close to 1 billion yuan, which was more cost-effective than Dehe Real Estate Company. It could also better enhance her status in the Hong Kong socialite circle. Compared with those rich wives who only knew how to give birth to children, she was more powerful.

Even if Luo Qihong has a few women outside, it doesn’t matter. No one can shake her position.

"Okay, thank you, husband!" Bai Jinyan kissed Luo Qihong hard on the cheek.

Luo Qihong's purpose is very simple. Dehe Real Estate Company is more important than China Gas Company, and China Gas Company is a listed company. It took him several years to gain full control of it. It is impossible for Bai Jinyan to do anything against him.

Once Dehe Real Estate Company privatizes Federal Real Estate, it will be assets worth tens of billions of yuan, which is temporarily only suitable to be in his own hands.

The next day.

China Resources Land announced a new round of rights issue to raise funds of HK$30 billion to prepare for the acquisition of Harcourt House in Wan Chai and Windsor House in Causeway Bay, as well as a large number of Causeway Bay properties, all from Hong Kong Land.

In fact, the agreed price for the two buildings is 20.68 billion yuan, and the remaining 10 billion yuan will be used to acquire properties in Causeway Bay.

If this fundraising plan is completed, the market value of Chinese Estates Holdings will exceed HK$40 billion, making it one of the few large real estate companies in Hong Kong, and Liu Luanxiong's own net worth will exceed 15 billion yuan.

Before announcing the rights issue plan, Liu Luanxiong had already completed his plan of "turning against his son to serve his mother". At this time, he held 38% of the shares of Chinese Estates Holdings, and Chinese Estates Holdings held 48.78% of the shares of Evergrande.

(End of this chapter)