Hong Kong 1980: The Savage Era

Chapter 363 Chapter 364 [ billion market value]

As soon as Luo Qihong intervened in the acquisition of Standard Chartered Bank, the stock price began to soar, rising by 11.3% in just one day, making its market value exceed 110 billion yuan.

Although Standard Chartered Bank is one of the two major note-issuing banks in Hong Kong, its market value is far less than that of HSBC, and is even lower than that of Hang Seng Bank, making it a major bank outside the top 20 blue-chip stocks in Hong Kong.

Some even say that in a few years, Standard Chartered Bank may be excluded from the sequence of 36 blue-chip stocks.

Luo Qihong himself agrees with this statement. After all, Standard Chartered Bank is too weak and missed several good opportunities. Unlike HSBC, it firmly grasps the opportunities given by God. This makes it a true international bank.

Wu Guangzheng met with Luo Qihong twice alone, and asked him many times during the conversation whether he was interested in controlling stake in Standard Chartered Bank.

Luo Qihong always denied it in a definite tone. It would be better to acquire any bank than Standard Chartered Bank. Although Standard Chartered Bank is large in scale and has a great influence in Hong Kong, it is actually difficult to acquire it and even more difficult to internationalize it.

The advantage of smaller banks is that they can be regulated at will, are not affected by politics, public opinion and other factors, and actions such as capital injection can be implemented well.

Even if Luo Qihong was interested in the banking industry, he would not target Standard Chartered Bank. Besides, in his previous life, the ship charter king had lost money on his investment in Standard Chartered Bank, which is known as one of the two biggest failed investments in life. How could he fall into this obvious trap?

Liu Luanxiong has basically completed a series of operations on Chinese Estates Holdings. At the same time, he has reached an agreement with the Hong Kong Land Development to acquire the Harcourt House in Wan Chai and the Windsor House in Causeway Bay for 20 billion yuan. It is expected that the market value of the Chinese Estates Group will exceed 6 billion yuan after the transaction is completed.

Wade's Asia Securities' shareholding in China Resources Land fell to 13.4%, half of which was diluted by the rights issue and the other half was sold in advance, cashing in a large amount of cash for the full acquisition of Kwong Sang Hong International.

Although the privatization of Guangsheng Bank is likely to fail, it is also a good thing for Asia Securities, as it increases its market value and scale.

And according to Luo Qihong's judgment, Wei Li will not give up the privatization of Guangshenghang Company. He is waiting for an opportunity, a suitable opportunity.

Chinese Estates Holdings has already entered the ranks of the top 20 real estate companies in Hong Kong, and the family assets of its controller, Liu Luanxiong, are barely among the top chaebols in Hong Kong.

In fact, in Hong Kong, many chaebol families have hidden a large amount of assets, and the assets on the surface are only a part of them. For example, Luo Qihong has hidden at least half of his assets, while the latest chaebols like Liu Luanxiong do not have many hidden assets.

Chinese Estates Company Office

Liu Luanxiong, his younger brother Liu Luanhong and his wife Bao Yongqin were all there, the only outsider being Luo Qihong.

"Big Liu, I don't want to take advantage of you. Just make the acquisition based on the current market value of China Entertainment Properties." Luo Qihong had a faint smile on his face.

Although China Entertainment Real Estate Company has experienced significant changes in its market value due to a series of events and the natural increase in local cities, the overall increase is not large. The market value is around 4 million yuan, which is about one-third higher than the previous market value.

"Okay, then I'll take advantage of Luo Sheng." Liu Luanxiong said with a smile.

Liu Luanhong interrupted and said, "Those foreigners are too arrogant. They actually look down on us Hong Kong people. Standard Chartered Bank is an important asset of Hong Kong. How can we let foreigners take over it casually?"

Standard Chartered Bank has always been controlled by the British, but Hong Kong people generally accepted this result. However, Lloyds Bank was an invading force and was so strong that it naturally caused a great reaction.

Liu Luanxiong frowned and glanced at Liu Luanhong, as if to say, "Why bring up this matter?"

Bao Yongqin was watching Luo Qihong's expression, ready to change the subject immediately if she found anything wrong. "Lloyds Bank can't beat the charter king, and now it has my support. Unless a stronger company joins, Lloyds Bank is doomed to go back to the UK in disgrace." Luo Qihong said calmly and confidently that he would take action against Lloyds Bank after the investment in Hong Kong was completed and the investment in Japan was cashed out.

Show these Brits a fist as big as a clay pot.

Of course, Luo Qihong is well aware of the British's nature. He will use American companies to attack Lloyds Bank, so that the British will completely admit defeat.

"Mr. Luo, you are sharp! The only British financial groups left in Hong Kong are Jardine Land, Swire Hotels & Resorts, and the Kadoorie family of China Light and Power. The others are not worth mentioning. Several of these families have been dealt with personally by you, Mr. Luo. You are truly a role model for us Chinese in Hong Kong." Liu Luanhong began to flatter him stiffly.

Although a little embarrassed, Luo Qihong still smiled and waved his hand, "Xiao Liusheng, you are too kind. Times make heroes. Now the stage has changed. It has been replaced by your elder brother."

"I can't accept what Luo Sheng said. Everyone knows that the market value of one of Luo Sheng's companies, China Gas, is over 50 billion, and the entire China Resources Land is less than billion. How can it compare to Luo Sheng?" Liu Luanxiong said, "And without Luo Sheng's help, I can't take over China Resources Land and the Star Ferry Company. How can I get to where I am today?"

"Big Liu, you are too modest." Luo Sheng was somewhat happy to hear this. "How is the preparation for Liao Chuangxing Enterprise going?"

"It will take some time. Although there have been many acquisitions recently and attention has been diverted, we still need to be careful. China Resources Land does not have sufficient funds," explained Liu Luanxiong.

"You want to acquire Lailong Real Estate Company. Why? Do you want to play a management game?" Luo Qihong asked with a smile.

This was just a casual chat and he would not interfere with what Liu Luanxiong did.

Liu Luanxiong shook his head. "China Resources Land has a financial company under its umbrella, which holds high-quality blue-chip stocks in the Hong Kong stock market and shares in some unlisted real estate companies. I plan to package these things and give them to Lailong Real Estate Company, and then change the name to Chinese Strategy as the fifth listed company under its umbrella."

"My plan is to build a group of companies with a market value of tens of billions of dollars, and become a top-ranked conglomerate company in Hong Kong."

"Good ambition!" Luo Qihong had to give a thumbs up. When China Resources Land reaches a market value of 10 billion yuan, he will have a more reliable ally.

At the same time, with Liu Luanxiong making a big move in the front, he can also step down a little, stay away from the public eye, and hide more assets for the family.

People in previous lives said that Li Jiacheng’s wealth declined after the 21st century and was surpassed by many wealthy people in the mainland.

In fact, what they don’t know is that Li Jiacheng’s investment in a British water company can cash out hundreds of billions of Hong Kong dollars. This investment has surpassed many wealthy people.

Of course, Li Jiacheng doesn't care about these titles. After all, one "Superman Li" is enough to kill most of the wealthy people in seconds.

Luo Qihong was very interested in hiding assets and believed that the best outcome was to hide nine-tenths of the property, with the apparent assets not exceeding one-tenth of the total property.

Such a family can live longer and it can also alleviate the situation where the second generation of heirs tries to seize the family property.

After all, there are enough things, so there is no need to fight.

"Liu, you have unique insights into the stock market, but your judgment on local cities is still a little weak. If you want China Resources Land to have a market value of over 10 billion yuan, you still need to rely on local cities. The securities industry is a bit illusory." Luo Qihong said.

(End of this chapter)