Hong Kong 1980: The Savage Era

Chapter 378 379 [Hongji Building]

Such a wonderful night is naturally inseparable from a fierce battle.

After being separated for several years, Luo Qihong still thinks that Li Zhi is the best beauty in Hong Kong. She is more attractive than women like Lin Yunxue. She is worthy of being the woman who makes Li Kung Fu look more than ten years older.

From last night's conversation, Luo Qihong knew that Lizhi had not graduated yet, but she had fewer courses in the American school, so she returned to Hong Kong to earn some living expenses.

Because she really couldn't find a job in the United States, even some waitressing job, she simply returned to Hong Kong to earn more money.

Of course Luo Qihong would not let Li Zhi go this time, otherwise where would he find him?

The time came to the beginning of April 87.

Hong Kong's stock market is thriving, with the Hang Seng Index having risen to more than 3300 points, more than double its lowest point in 84.

Such a bull market also made Luo Qihong a fortune, because the Hang Seng Index and futures investments still had room to rise, and he could only raise funds from other places.

As a result, Luo Qihong sold most of his shares in Standard Chartered Bank, leaving only 2.3% of the shares, and raised nearly HK$20 billion, making a huge profit.

At the same time, the acquisition of Wing On Group was nearing completion, and Luo Qihong's side was still unable to defeat the Guo family and gain control of Wing On Group.

Peregrine International Conference Room
The meeting was chaired by Liang Botao and Yuan Tianfan.

"Currently, we hold 41.2% of the shares of Wing On Group, while the Guo family holds 45.3%. We have 4.1% less, so the acquisition can basically be declared a failure," said Liang Botao.

"Is there any way to find a breakthrough from the members of the Guo family?" Luo Qihong asked with a grim expression.

"It's difficult. We have contacted Guo Wenzao, a member of the Guo family. He holds 6% of the shares of Yongan Group and is the most likely to make a breakthrough. Unfortunately, Guo Zhiquan, Guo Zhiliang and others reacted quickly and stopped Guo Wenzao in time." Yuan Tianfan replied.

"At the end of March, the share price of Wing On Group had fallen back to 3 yuan per share. Our acquisition price was no longer appropriate. I proposed to declare the acquisition a failure." Liang Botao held a pessimistic view.

"Uncle Tong, what do you think?" Luo Qihong turned to look at Zheng Yutong and asked calmly.

"I want to hold on a little longer," Cheng Yu-tung said. "If the acquisition becomes unconditional (i.e. more than half of the shareholders support it), I can acquire Wing On together. Although it will cost more than 10 billion yuan in acquisition funds, there is still a glimmer of hope."

"Ah Hong, what do you think?"

Luo Qihong replied, "Uncle Tong, I understand what you mean. What are the chances of winning?"

"The chances of winning are still slim, not even half." Cheng Yutong shook his head grimly. This was just a struggle to see if there would be a turning point.

"Mr. Liang, Mr. Yuan, could you please evaluate the chances of success of the plan proposed by Uncle Tong?" Luo Qihong asked.

At this time, Cheng Yutong was a bit "brave", but it was not a good thing for Luo Qihong. The funds increased, but the time was delayed, which had a great impact on the subsequent projects.

Liang Botao and Yuan Tianfan discussed it and quickly gave the answer, "3%, the highest chance of winning is 3%."

Apparently this topic had been discussed by Peregrine’s people, but was simply rejected internally.

"Ah Hong, if you want to withdraw, New World Development can take over and purchase it at a price of 17 yuan per share, so that you won't suffer any loss." Zheng Jiachun said.

Luo Qihong thought for a moment and said, "Then I'm getting a great advantage, right?"

The current share price is only 13.7 yuan, and the purchase price of 17 yuan can make Luo Qihong earn about 15%. According to the previous investment, Luo Qihong can earn 2 million yuan, which is not a small amount.

"Ah Hong, I never take advantage of my partners in business. If you want to withdraw, you can only do so at 17 yuan per share, definitely not the market price," said Cheng Yu-tung.

"Uncle Tong, this makes me make money from you. I..." Before Luo Qihong finished speaking, Zheng Yutong waved his hand and interrupted him, "You are not making money from me, you are making money from the market. If the acquisition of Wing On Group is successful, I will not share the profits with you."

"Don't worry, even if the acquisition fails, I will find a price to sell it at that will not result in a loss."

"Okay, since you insist so much, I'll accept it." Luo Qihong nodded slightly.

"If there are any good projects in the future, just think more about Uncle Tong." Zheng Yutong laughed. He didn't care about the 2 million yuan. It was very worthwhile to do a favor to Luo Qihong.

"Okay, when I find a good project, I will definitely get Uncle Tong to join us." Luo Qihong agreed readily.

In this way, Luo Qihong quickly recovered 18.4 billion yuan in cash flow.

He intends to use the money to repay personal debts, as the last 20 billion yuan spent on the acquisition of Hutchison Whampoa came from a bank loan.

Acquiring the real estate company is a very long process. The interest generated by the 20 billion yuan loan is enough to make Luo Qihong pay a heavy price, so it must be repaid as soon as possible.

Study room of Luo's Villa in Deep Water Bay

Under the management of Luo Qixing and his wife, Shengyun Printing Company has become prosperous and has gained a certain reputation in the real estate industry. The market value of Shengyun Real Estate Company has also reached 4.2 million yuan, making it a leader among small real estate companies in Hong Kong.

Lin Ya leaned over and said to the lively and cheerful Luo Yiyu, "Mom, Dad and Uncle have work to discuss. Can we go out and play?"

Luo Yiyu rode on the wooden horse and looked up at the adults. Seeing that they didn't say anything to help her, she nodded tactfully and said, "Okay, grandma, play with me."

"Then let's go to the garden to ride the wooden horse." Lin Ya took the wooden horse and led Luo Yiyu out of the study.

Luo Qihong sat down, crossed his legs, and asked, "What's the matter? Why are you so mysterious?"

Chen Yusan smiled and said, "It's nothing, it's just that children here tend to interrupt us."

"Well, tell me, what's the matter?" Luo Qihong nodded.

"The Hong Kee Building on Connaught Road in Central is for sale, but the price is a bit high. Shengyun Real Estate Company has had some difficulty in acquiring the Hong Kee Building, so we would like to invite you to come in. What do you think?" Luo Qixing said.

"How expensive?" Luo Qihong asked with a faint smile. The market value and asset value of Shengyun Real Estate Company were too low, and it was difficult for them to even acquire a small commercial building in Central.

"2.8 million yuan, this is the reserve price, there may be many competitors." Chen Yusan said, "Ah Hong, you know that fewer and fewer commercial buildings in Central have been sold in recent years, so we think this is a good opportunity."

"2.8 million yuan, a 3% premium, is 3 million yuan, and this is still the most basic." Luo Qihong said, "It is indeed a difficult hurdle and opportunity for Shengyun Real Estate Company. If we can seize it, we can increase the company's market value."

"Yes, so we want to work with you to take over Hongji Building." Chen Yusan said.

"Okay, then how much equity do you plan to give me?" Luo Qihong asked seriously. This is business.

(End of this chapter)