Hong Kong 1980: The Savage Era

Chapter 368 Chapter 369 [Hong Kong Telecom]

It was the end of the year, and there was still one year left before the August 1 stock market crash, but raising tens of billions of dollars was not an easy task.

Luo Qihong still prefers to accumulate funds and privatize Huaguang Real Estate Company during the stock market crash. Only in this way, after the stock market recovers after the crash, the market value of Zhaoan Real Estate Company can move towards the 10 billion club.

He didn't want the Zhaoan Real Estate Company, which he had carefully nurtured, to be defeated by the Chinese Estates Company, which Liu Luanxiong had just taken over. Otherwise, where would his face be?

"What about the funds for the privatization of Huaguang Real Estate Company?" Luo Qihong asked bluntly.

Cheng Jianshen was prepared for this and responded, "I suggest that we conduct a rights issue and raise funds at the beginning of next year, so that we can ensure sufficient funds for privatization."

Seeing Luo Qihong thinking, Cheng Jianshen continued, "The real estate market is booming now, and the Hang Seng Index has skyrocketed. The crisis may take a long time to break out. We might as well develop first. As long as Zhaoan Real Estate's debt ratio is low enough, we can take out a loan to privatize Huaguang Real Estate."

"Well, let's first solve the debt of Zhaoan Real Estate and try to control the debt ratio between 20% and 30%." Luo Qihong nodded. A large amount of cash left on the books is also a problem. "Then send someone to Thailand to acquire Rama Tower."

"Yes! I'll arrange it right away." Cheng Jianshen smiled happily.

"After the acquisition is successful, we will immediately look for good candidates in Hong Kong and go to Thailand to learn hotel management." Luo Qihong thought of the hotel in Dehe Plaza. This not only requires recruiting hotel management talents, but also cultivating his own hotel management team.

"Boss, are you planning to enter the hotel industry?" Cheng Jianshen asked.

Luo Qihong nodded and said, "Hotels and real estate complement each other. When we develop to that level, it is essential to own a hotel."

"What's the progress on the small commercial building in Wan Chai?"

Cheng Jianshen widened his eyes. He didn’t seem to have any recollection of such a thing. Could it be that he had forgotten?

Seeing this, Luo Qihong smiled bitterly and said, "I made a mistake. This is what I asked Su Qishan to do. It is not your task."

Cheng Jianshen suddenly had an idea and said, "Boss, I just remembered that there is a commercial building with a floor area of ​​11.7 square feet in Wan Chai. The selling price is 8 million yuan. It is called Mutual Trust Building."

The average selling price of this building is NT$760 per square foot, which is a bit expensive, but considering the current booming market, it is reasonable to be a bit more expensive.

The property prices in Wan Chai are much more expensive than during its peak period in 82. Of course, this also proves that Hong Kong has developed better and a large amount of foreign capital has entered.

"Boss, why are you suddenly interested in the small shopping mall in Wan Chai?" Cheng Jianshen asked with concern.

"This is not the company's investment, it's a personal investment, otherwise it wouldn't be handed over to Su Qishan." Luo Qihong smiled slightly. Of course, he wouldn't say it was for Guan Jiahui.

"Well, this shopping mall is a bit expensive, but its location is not bad. It is not far from Wan Chai MTR station and is a good investment project." Cheng Jianshen said.

Luo Qihong laughed and said, "If someone didn't know you, they would think you were the seller. How many competitors do you have?"

Cheng Jianshen shook his head. "Many people think this price is too high and would rather choose a commercial building near the sea. Although it is 1% or 2% more expensive, it has more investment value."

"However, commercial buildings in Wan Chai, which are close to the sea, are very popular. Those people cannot buy commercial buildings in Central, so they can only buy commercial buildings in the core area of ​​Wan Chai."

"Are there any other options?" Luo Qihong also felt that commercial buildings near the sea were better, at least they had better investment prospects.

Cheng Jianshen shook his head and said, "No, I remember that the last time the Qichang Center in Wan Chai was sold for 1 million, the average price was 5 yuan per square foot, which is nearly 1100% more expensive."

Luo Qihong nodded and smiled, "If I had known earlier that I should have bought a few more commercial buildings in Wan Chai, I would have made a lot of money now."

"Forget it, it's okay if it's a little more expensive. Please help me contact the seller and arrange a time to meet."

"Okay, but the seller has another requirement, which is that the payment must be made in one lump sum, and installments are not accepted." Cheng Jianshen reminded. "Okay, then you can talk to him directly, and I will come forward when it comes to signing the contract." Luo Qihong felt that there was no need to bargain, and he was too lazy to deal with the seller.

A few days later.

Chinese Estates Holdings acquired Lailong Real Estate and quickly injected the assets of its financial company into it, quickly increasing its shareholding to 67%.

Then Lailong Real Estate Company launched a rights issue, raising 1 million yuan, and immediately announced the acquisition of Liu Chongxing Enterprise Company, causing a stir in the market.

Many investors believed that Liu Luanxiong was going to attack Liao Chong Hing Enterprises again, so they frantically bought shares of Liao Chong Hing Enterprises. In just three days, the stock price rose by 3%.

Qiyun Investment Company Office

Lin Yunxue hung up the phone happily, with a thoughtful look in her eyes.

"How much has the stock price increased?" Luo Qihong smiled and revealed the news to Lin Yunxue.

"It's increased by another 2%. This way, the company can make a 6% profit, or 2 to 3 million in net profit." Lin Yunxue suddenly felt that it was too easy to make money in the stock market.

"Don't be greedy, sell when you're almost there." Luo Qihong reminded that many people will lose themselves after many successful investments and think they have control over the situation.

In fact, no one can fully control the progress of the situation. Even the initiator may not be able to do it, not to mention that Lin Yunxue is just a speculator.

"As long as I make 7% profit, I will sell it." Lin Yunxue expressed her thoughts.

Luo Qihong nodded upon hearing this.

"Recently, all my brothers have come to me for cooperation. I always feel that they are coming for you and want to take advantage of the company." Lin Yunxue was very wary.

"Investment is meant to be mutually beneficial. It is not the case that one party gains while the other suffers losses." Luo Qihong helped Lin Yunxue put her hair back to her ears. "If it is profitable, why not put aside your prejudices and cooperate once?"

"However, the first collaboration should not be too large, and future collaborations should also be gradual."

"Well, don't you have a grudge against brothers Lin Luoxun and Lin Luoshi? Why do you still agree with my cooperation with them?" Lin Yunxue asked with a smile. In her impression, Luo Qihong was not a generous person.

"Because I love you."

After he finished speaking, Luo Qihong saw Lin Yunxue's face full of disbelief, and continued, "That's not really a grudge. In the final analysis, I took advantage of them. It was me who started the war. Besides, you have a blood relationship with them, so you should cooperate with them."

Lin Yunxue pouted and said, "Are you worried about what others will gossip about?"

"I'm not afraid of gossip. It's mainly your gossip. I'm thinking about you." Luo Qihong tapped Lin Yunxue's head gently.

"Okay, let's talk about cooperation after I inspect the project."

Late September

Cable & Wireless, which operated Hong Kong's international telephone, merged with Li Ka-shing's Hong Kong Telephone Company and was renamed Hong Kong Telecommunications Company. It was then listed on the Hong Kong Stock Exchange and raised HK$70 billion.

Among them, 49% of the shares of Hong Kong Telecom are held by Britain's Cable & Wireless, while Li Jiacheng's Cheung Kong Holdings only holds 26% of the shares, making it the second largest shareholder. Therefore, Hong Kong Telecom is a large British-owned enterprise.

(End of this chapter)