Hong Kong 1980: The Savage Era

Chapter 364 Chapter 365 [Zhong Baopi]

Liu Luanxiong was a little puzzled and asked, "What good suggestions does Luo Sheng have?"

"In addition to property rental, cities and towns also focus on residential construction. Hutchison Whampoa has always been weak in residential construction. If it can be strengthened, the profits earned can be used to expand the scale of property holdings." Luo Qihong said with a smile.

"Chinachem Properties has grown by doing second-tier real estate. Although it is not listed yet, it is not much worse than the five Chinese real estate tigers back then. Chinachem can definitely make a breakthrough in this direction."

Liu Luanxiong thought deeply about it. This was indeed the weakness of China Resources Land. He also saw it and was considering moving into the second-tier property market. However, China Resources Land currently lacked a construction company.

If you keep handing over the construction projects on the land you have to outside construction companies, you will lose a lot of profits and it will also create operational risks. This is something that only a wise person would do.

Therefore, if Hutchison Whampoa wants to enter the second-tier property market, it must have its own construction company. This construction company cannot be weak because Liu Luanxiong wants to challenge other large real estate companies.

"Mr. Luo wants Hutchison Whampoa to acquire a construction company? Do you have any good recommendations?" Liu Luanxiong knew that Luo Qihong was not someone who would not make preparations.

"Xinchang Construction Company!" Luo Qihong took a sip of water. "If Zhaoan Real Estate didn't already have Baohua Construction Company, I would have taken over Xinchang Construction Company."

"This company has some properties for rent and is also rich in construction experience. It has participated in many large projects in Hong Kong. Its construction capabilities are not much worse than those of Baohua Construction."

Liu Luanxiong didn't know much about Xinchang Construction Company, but he believed what Luo Qihong said. After all, Luo Qihong had no reason to cheat him.

"I have some knowledge of Xinchang Construction Company. It is quite suitable for the current situation of China Resources Land. However, Xie Heng, the major shareholder of Xinchang Construction Company, holds 37% of the shares. If an acquisition is launched, it must be a full acquisition." Bao Yongqin pondered and said, "Xinchang Construction Company is a large construction company in Hong Kong with a market value of 4 million yuan. The funds for a full acquisition may involve 9 billion yuan."

Luo Qihong did not respond, but drank the water slowly, leaving enough time for Liu Luanxiong to think.

As Bao Yongqin said, this is a big acquisition and it is not something that can be easily decided by just a few words.

Until Luo Qihong left, Liu Luanxiong had not expressed his intention to acquire the company. However, this seemingly non-answer actually proved that Liu Luanxiong was inclined to acquire Xinchang Construction Company.

Of course, Luo Qihong had a purpose. In order to disrupt Liu Luanxiong's pace in his previous life, he needed to take away some things.

"Mr. Luo only holds 5.5% of the shares. There is no need for him to remind us to acquire Xinchang Construction Company. What is his purpose?" Liu Luanhong asked anxiously after closing the office door.

Bao Yongqin also felt that something was wrong. It was impossible for Luo Qihong to specifically help Hutchison Whampoa to look for companies to acquire. As for what his purpose was, she really couldn't guess.

"Luo Sheng has always been very strange in his actions. If he doesn't tell us the reason, it's usually hard to guess." Liu Luanxiong said with an unpleasant expression, "The matter of Xinchang Construction Company still needs to be considered in the long run. The funds involved are several hundred million, which is not a small amount."

"We have other things to do now. We can't abandon the previous project for Xinchang Construction Company, otherwise all our previous work will be wasted. In addition, the acquisition of Xinchang Construction Company requires a lot of funds."

Mid April

Dehe Real Estate Company announced the acquisition of China Entertainment Properties Co., Ltd., a subsidiary of Chinese Estates Holdings Co., Ltd., holding 64% of the shares of China Entertainment Properties Co., Ltd. and launching a comprehensive acquisition of China Entertainment Properties Co., Ltd. in accordance with the Company Law.

The acquisition share price was naturally the highest share price at present. Dehe Real Estate Company did not pay a premium, so it encountered many obstacles.

Especially after the small shareholders learned that the behind-the-scenes boss of Dehe Real Estate Company was Luo Qihong, their reaction became even stronger.

A reporter interviewed Luo Qihong and asked why there was no premium?

Luo Qihong replied that Dehe Real Estate Company did not really want to privatize China Entertainment Properties, but had to abide by the system, so the acquisition price was so low.

The reporter asked again, did Dehe Real Estate Company want to acquire at a low price? Luo Qihong generously admitted that everything the company did was to make money, but he personally thought that the current stock price was still very good.

As for the reporter's question of "whether to encourage small shareholders to respond", Luo Qihong just smiled and did not give any answer.

The most valuable property of China Entertainment Properties is the Entertainment Building, which was built in 63. The site area is not large, only 5 square feet.

The Entertainment Building was the site of the first generation of the Hong Kong Club in 1846. In 1931, it was combined with a theatre to form the first generation of the Entertainment Building Theatre with air conditioning, a dance hall and a restaurant upstairs.

Today's Entertainment Building is a second-generation new entertainment theater. Although it is small in size, its geographical location is extremely advantageous. It is hard to find even with a lantern, and someone will pay the asking price of 3 million yuan.

China Entertainment also owns properties worth 2 million yuan and has debts of less than 1 million yuan. It is a high-quality pure-play rental listed company.

Luo Qihong planned to privatize the company again after the August 32 stock market crash, and then choose a good time to rebuild the entertainment industry. By then, it would be built to 15.6 floors, and the rental area would reach 9.6 square feet, which is much better than the current square feet.

Dehe Real Estate Company Office

Luo Qihong smiled meaningfully as he looked at Zhong Wei from Wayman Investment Company. This man was more ambitious than Gao Kaiquan. He was known as Zhong Bapi in the Hong Kong investment community. He used the power of Wayman Investment Company to intimidate many small company bosses to make a profit.

This behavior has made many tycoons afraid to cooperate with Waymon Investment Company again, fearing that the cooperation would be leaked and cause great damage to their reputation.

Zhong Wei had a keen nose. As soon as he noticed what was happening at the China Entertainment Real Estate Company, he immediately came to them, hoping to help Luo Qihong and make a profit for himself.

"Mr. Zhong, I have to say that you are a talented person, but your reputation is too bad. You are not at the same level as Liu Luanxiong." Luo Qihong said.

"Mr. Luo, what Liu Luanxiong and I do are the same, except that Liu Luanxiong targets big companies and I just drink some soup." Zhong Wei didn't think there was anything wrong with him, he just lacked opportunities.

"I don't want to privatize China Entertainment for the time being. Mr. Zhong will have made a wasted trip." Luo Qihong refused again.

Of course he didn't want to be so polite, but Zhong Wei had detailed information about their last collaboration, and he didn't want to force Zhong Wei to reveal the information, as that would greatly damage his reputation.

"It doesn't matter. I have another request. Can Mr. Luo introduce me to Liu Luanxiong? I have a business deal on hand and I would like to discuss it with Mr. Liu." Zhong Wei stated his purpose.

Luo Qihong smiled and said, "Mr. Zhong can definitely come to Mr. Liu's house. He doesn't need me to introduce him, right?!"

Zhong Wei said, "Mr. Luo, you don't know that I have visited Mr. Liu many times, but I have never been able to see him, and his younger brother, Mr. Liu, can't make the decision."

"Okay, then I'll call Mr. Liu. I think Mr. Liu will give me this face." Luo Qihong couldn't refuse such a small request. Liu Luanxiong was a shameless person anyway.

Zhong Wei achieved his goal and left without disturbing Luo Qihong too much.

Not long after, Su Qishan walked in.

"boss!"

"This Zhong Wei is even more powerful than his predecessor. Any company that has been messed up by him will either be bankrupt or go bankrupt. There is no one in Hong Kong who doesn't hate this man." Su Qishan said solemnly, as if he was worried that Luo Qihong didn't know about these circumstances.

"I know that. It's better not to offend such a person. We have cooperated with him before, and some things have been leaked, which is not good for us." Luo Qihong waved his hand, "I just agreed to help him and Liu Luanxiong to connect, nothing else has been agreed."

(End of this chapter)