Hong Kong 1980: The Savage Era

Chapter 366: 367 [This time it’s not a sniper attack]

Cantera Energy Canada!

Founded in 1957, it is one of the top ten energy companies in Canada. It is engaged in the production, refining and marketing of natural gas and oil. It has a complete industrial chain and owns 9.2 acres of oil fields in Canada, the Middle East and Southeast Asia.
Luo Qihong had no impression of this company and could only judge its potential and prospects based on his current capabilities.

According to Luo Qihong's analysis of the international environment, it will take another 6 or 7 years for oil to return to its previous supply, which means he has to be prepared for 7 years of losses.

"According to Canadian law, foreigners cannot acquire 'financially sound' energy companies. If we cannot obtain more than 50% of the shares, it will be difficult to reorganize the company and turn losses into profits." Luo Qihong still holds a pessimistic attitude.

"Boss, excuse me for being blunt, but we don't need to hold more than 50% of the shares. 49% is enough. If there is a need in the future, we can study how to operate it." Su Qishan was very persistent about this matter.

Luo Qihong thought about it and felt that there was another benefit, which was that Cantera Energy could cooperate with China Gas Company in the provision and operation of natural gas.

"Take your time. There's no rush. Contact Canterlot Energy first to see what the price is," Luo Qihong said.

This is a transaction worth billions of Hong Kong dollars, and it cannot be completed in a few hours. It requires inquiry and analysis of various aspects of the situation.

"Okay!" Su Qishan smiled when he saw Luo Qihong agreed. "I will keep a close eye on this matter."

He seemed to be able to see Dehe Real Estate Company extending its tentacles into various fields and becoming a truly multinational company, or even an international giant.

Since Lo Chi-hung and Cheng Yu-tung split up Wheelock Group, Cheng Yu-tung used the rights issue of New World Development to raise funds to help his family and company get out of the financial difficulties.

Zheng Jiachun performed quite well in the management of Wheelock and Company, so Cheng Yu-tung handed over the management rights of Wheelock and Company to Zheng Jiachun, which was a final test for Zheng Jiachun.

Although Wheelock Holdings only has half of its assets left, it is still a well-known company in Hong Kong, with a market value of more than 20 billion yuan and assets of its subsidiaries exceeding 40 billion yuan.

If it were not for the severe blow brought by the shipping crisis, Wheelock & Company would still be a well-known large company in Hong Kong.

Today, there are only two left of the four major trading companies in Hong Kong, and the Hong Kong Land Development is facing many difficulties. Simon Keswick is busy trying to "untie" the mutual control.

"Ahhong, what do you think of Wing On Group?" Zheng Jiachun asked Luo Qihong.

Luo Qihong was slightly stunned. In his previous life, Zheng Jiachun only took action against Wing On Group in early 89, which was more than two years earlier. This butterfly effect was a bit too big.

"Wing On Group looks strong, but it is actually very weak, especially after losing Wing On Bank." Luo Qihong expressed his previous understanding and analysis. "Only the department store industry has a surplus, while other industries are losing money."

"However, the Guo Zhiquan family holds a large stake in the Yongan Group, so it is difficult to achieve a successful acquisition."

"As expected of Mr. Luo, you guessed that I had the idea of ​​acquiring the Yongan Group. Do you want to get involved?" Zheng Jiachun asked with a frank smile.

Luo Qihong remembered that Zheng Jiachun in his previous life successfully acquired the Wing On Group, but took away the real estate properties of the Wing On Group. The bank investments, life insurance companies and other companies that were only losing money or had low profits were sold back to the Guo family, allowing them to inherit the ancestral business.

Zheng Jiachun demolished and rebuilt the Wing On Building, Wing On Life Building, Melbourne Building and the Liu Chong Hing Building between the two Wing On Buildings on Des Voeux Road Central.

The land covers an area of ​​3.73 square feet. Based on a plot ratio of 15 times, a commercial building with a floor area of ​​56 square feet can be built.

As a result, the Zheng family's rental area in Central can reach more than 160 million square feet. In the past life, it was the second largest landlord in Central after the Hong Kong Land Development.

This life has one more Luo Qihong, but he can also become the third largest landlord in Central, and the rental area is about to exceed 200 million square feet. "Of course I'm interested, but what does Chun brother plan to give me?" Luo Qihong smiled slightly.

"To be honest, I want the properties of Wing On Group in Central. The rest can be yours." Zheng Jiachun said pretending to be generous.

"Brother Chun is planning to merge buildings in Central?" Luo Qihong asked pretending to be stupid.

“Yes, the Grade A commercial buildings in Central are very attractive. Although they are not as good as the Financial Plaza and Dehe Plaza you have, they are not worse than the Dongchang Building and other commercial buildings, and may even be slightly better.” Zheng Jiachun restrained his smile and said seriously.

Zheng Jiachun felt that Luo Qihong would not compete with him for this piece of fat pork. First, Luo Qihong had enough properties in Central. Second, the Zheng family and Luo Qihong had close contacts and complicated personal relationships between them. Luo Qihong was likely to buy face.

"Most of the properties under the Wing On Group are garbage, only the properties are worth some money. There is no use for me to have those properties." Luo Qihong laughed, "Since Chun Ge wants the property in Central, then I want other properties."

"Ah Hong, doesn't your Hexiang Trading Company have a department store? Wing On Department Store is still quite promising, you can definitely absorb it, and there is also a life insurance company." Zheng Jiachun said.

In fact, Zheng Jiachun’s purpose was not simple. He was very greedy and wanted to take away most of the properties of Wing On Group, such as Wing On Plaza and Nanyang Centre shopping mall in Tsim Sha Tsui East.

After all, Luo Qihong took away those properties, so he should at least leave more for Zheng Jiachun.

"The department store is barely adequate, but the other industries really can't take over." Luo Qihong said leaving room for maneuver.

"Since you want a department store, give me Wing On Plaza in Tsim Sha Tsui East." Zheng Jiachun said tentatively.

Luo Qihong smiled and said, "How about exchanging the Wing On Centre in Sheung Wan for Wing On Plaza?"

The Wing On Centre in Sheung Wan has a floor area of ​​up to 60 square feet. Based on the current rental rates of commercial buildings in Sheung Wan, it can generate annual income of over HK$6 million.

Compared with Wing On Plaza, Wing On Center Building is more valuable.

"Okay." Zheng Jiachun glanced at Luo Qihong and continued, "Ah Hong, you know that my dad's character will not allow me to maliciously acquire Yongan Group, so I need you to step in."

"Don't worry, I will play my part when the acquisition becomes tense, and it will also help us save money."

Luo Qihong said, "It doesn't matter! Everyone in Hong Kong knows about the feud between me and the Guo family. It's not a big deal to do it again."

“But I think the Guo family won’t let us get what we want. We may not get that much real estate, and the department store may not be able to get it as we wish.”

"In this case, I only want the Wing On Building and Wing On Life Building in Central. Merging the buildings is the most important goal." Zheng Jiachun is greedy, but rational.

"If that's the case, maybe I can only get the Wing On Centre in Sheung Wan." Luo Qihong laughed.

"I will try my best to fight for your interests. Let's just set this as the preliminary bottom line for now." Zheng Jiachun said.

"Brother Chun, how are you going to proceed? The shareholding is a big problem."

"In order to reorganize his company's industries, Guo Zhiliang has given up a lot of shares. Now the Guo family's shareholding is about the same as before the sniper case. We will be discovered when we absorb about 25% of the shares. At that time, we need to contact those directors and shareholders and strive to get more shares." Zheng Jiachun said.

(End of this chapter)