Hong Kong 1980: The Savage Era

Chapter 386 387 [A good father will have a good son? ]

Qi Xin Company announced that it would sell its 31.2% stake in Hong Kong Land Development to Jardine Matheson Holdings Limited at HK$14.5 per share. At the same time, the company will acquire Hong Kong Land Development's luxury residential project Tregunter Tower in Mid-Levels, Holland Bank Building in Central, Yau Ma Tei Building, Pak Pat Shan villa project on Tai Tam Road, Hong Kong Island, Ocean Terminal and Star House Building at market price, involving a capital of up to HK$40 billion.

This amount of funds was not a difficult matter for Qi Xin Company. After all, Qi Xin Company had invested tens of billions of yuan in the stock market and still had a large amount of cash on its books.

Moreover, most of the shares of Jardine Matheson held by Qi Xin Company were acquired at a low price of 6.3 yuan. Now they are sold at a price of 14.5 yuan per share, which can make a lot of money. As for those shares acquired at 17 yuan, the loss of price difference can be fully compensated from them.

As Luo Qihong expected, the profits earned from the acquisition of Swire Properties could completely offset 6% of the original cost of the acquired properties. In other words, they only needed to spend 4% of the original cost to obtain properties worth more than 20 billion yuan.

On the surface, the acquisition ended in failure for Qi Xin Company, but in fact, Qi Xin Company made a lot of profit, while it was Jardine Matheson Group that suffered heavy losses.

However, Jardine Matheson Group saved the Land Development, but it also plunged the Jardine Matheson Group into crisis.

Causeway Bay Hong Kong Sanatorium & Hospital VIP Room
Luo Qihong was peeling an apple with a fruit knife, with a smile on his face.

Bai Jinyan's due date is in the next few days, so in order to give birth in time, she was admitted to the Hong Kong Sanatorium and Hospital.

Mother-in-law Xu Yan said, "Ah Hong, I know you are busy with work, but Ah Yan is about to give birth, so you'd better stay in the hospital with her so that you can hug the baby as soon as possible."

"Well, what you said makes sense. I will stay here for the next few days." Luo Qihong smiled slightly. This was not a difficult task. He could move his office to the Hong Kong Sanatorium and Hospital.

"Why do you want to acquire the Dutch Bank Building and the Mercantile Bank Building from the Hong Kong Land Development? Do you want to merge the buildings?" Bai Jinyan put down the newsprint and asked with interest.

Xu Yan said somewhat dissatisfiedly, "You are about to give birth, and you are still thinking about work?"

"Mom, it's just a casual chat. The matter has been settled. I'm a little curious." There was a hint of coquettishness in Bai Jinyan's tone.

Luo Qihong knew that Bai Jinyan was eyeing the three properties that had been acquired, but these properties were not the most important ones. They were just benefits that he got from the real estate company.

"Well, these two buildings are close to each other. If we can acquire the building in the middle, we can completely demolish it and rebuild a Grade A commercial building with a floor area of ​​more than 60 square feet. Moreover, its location is close to the Landmark Atrium and its value is very high." Luo Qihong's face was a little serious.

Bai Jinyan pursed her lips. She knew that the Grade A commercial building in Central was not something she could afford, so she set her sights on the more valuable luxury residential project at Deligunde Tower.

"What about the luxury housing project at Diligende Mansion?"

Both Block 81 and Block 34 of Tregunter Tower were built in 33. They are 158 and 1547 storeys respectively, with a total of 6507 luxury residential units. The unit saleable areas range from 63 to square feet, and the total floor area is square feet.

There is also a plot of land covering 3.6 square feet that can be used to build a third luxury residential building.

Buildings one and two are only rented out and are not sold. They can serve as representative buildings of the new company to help establish the company's name.

In the previous life, the third Trekken Tower luxury building had 66 floors and a total of 159 residential units, and its floor area was the sum of the areas of the first and second buildings.

前世的关嘉慧购买了一套3千平方尺的豪宅，在21世纪的地产最高峰之时价值1亿9千万港元，合计6万多每平方尺。

At the same time, Tregunter Tower is one of the top luxury homes in Hong Kong, and its popularity is no less than that of small and medium-sized villas in Hong Kong Island. Even when Lee Zhaoji married his daughter-in-law, he gave two Tregunter Tower luxury homes as a betrothal gift.

This shows the influence of the luxury homes in Tresgunda.

The luxury homes there offer beautiful views of Central, Wan Chai and other areas, with extremely broad views, and excellent security and infrastructure.

Those who live here are powerful people, wealthy businessmen and other people of social status, and are naturally sought after by the upper class.

"You want it?" Luo Qihong asked with a smile.

A property worth more than a billion dollars is not just a simple gift.

This property alone can support a medium-sized listed company.

Bai Jinyan's eyes flickered a few times, but he still nodded. Lin Ya smiled and said, "It's rare that Ah Yan likes it, how dare you not give it to him?"

"Mom, do you know how much this property is worth?" Luo Qihong still had a smile on his face.

Lin Ya knew her son's character and subconsciously knew that the property was worth a lot of money, so she laughed dryly and asked, "How much is it worth?"

"We still need more than a dozen billion."

Hearing this, Xu Yan and Lin Ya were stunned and almost shouted "so expensive".

"What? Are you reluctant to let go?" Bai Jinyan stared at Luo Qihong.

"Okay, when our son is born, I'll have someone transfer the money to your company." Luo Qihong handed the peeled apple to Bai Jinyan, then to Xu Yan and Lin Ya.

Xu Yan was stunned for a moment before she remembered to take the apple that Luo Qihong handed to her.

Things worth billions are given away just like that?!
Xu Yan now has a more intuitive understanding of her son-in-law's financial resources. Originally, she was a little skeptical when outsiders talked about how rich her son-in-law was.

Lin Ya suddenly smiled. She was happy to see her son value his daughter-in-law so much, which would help the family harmony.

As for the properties worth tens of billions of yuan, they are ultimately small compared to the assets worth tens of billions of yuan.

a few days later
Luo Qihong's second son, Luo Zhiying, was born.

Hong Kong reporters spread the news as soon as possible, and the whole Hong Kong knew that Luo Qihong had a son.

Oriental Daily News's headline: 'The successor of Mr. Luo! ! '

Sing Tao Daily's headline 'The Man with the Diamond Key! ! '

When Luo Qihong saw these reports, he showed a helpless expression. Whether Luo Zhiying can become the second-generation leader depends on his ability.

It is impossible for Luo Qihong to hand over his life's work to a prodigal son, and Luo Qihong has more than one son.

If Luo Zhiying is strong enough, even if he does not have any pioneering ability, as long as he can protect the industry, Luo Qihong will of course hand over the most important industry to him.

To be honest, the patriarchal system has a huge influence on the Chinese community, and the words "eldest son and legitimate grandson" are not just a phrase.

Bai Jinyan held her son tightly and was unwilling to let go. She knew very well that the fundamental reason why Luo Qihong agreed so readily to transfer the Diligende Mansion property was because of Luo Zhiying.

In the future, she can use her son's status as a mother to get more capital.

"Look, the newspapers in Hong Kong have blown this matter up to the sky." Luo Qihong shook the newspapers and said with a smile.

"What's wrong? Isn't this good?" Bai Jinyan said.

"Everyone has high hopes for this kid. We must teach him well. There are many prodigals in Hong Kong. I don't want the family business that I have worked hard for all my life to be squandered by him." Luo Qihong said jokingly.

Bai Jinyan suddenly became alert and said, "Don't worry, my son won't be a waste."

"Haha!! People always say that a good father will have a bad son. I don't want to give birth to a bad son either." Luo Qihong thought of the Lin Xiufeng brothers who had squandered the family's wealth together with Chen Songqing.

Bai Jinyan felt a little guilty and asked, "Do you want to spend some money to calm down these news?"

Luo Qihong pondered for a moment, then nodded and said, "Okay, then I'll let the people from Fujia Newspaper Company do it."

(End of this chapter)