Hong Kong 1980: The Savage Era

Chapter 387:388 [Before the Disaster]

It was now August.

Luo Qihong suddenly changed his mind and asked Japan's De'an Investment Company to transfer all the shares of Nikkatsu Real Estate Company and sell its stocks in the Japanese stock market. It is expected to cash out 548 billion yen, equivalent to 30.55 billion Hong Kong dollars.

After finishing her confinement, Bai Jinyan asked, "Didn't you say before that you wanted to keep the property assets in Tokyo, Japan?"

"I changed my mind. The Japanese market is too crazy. I'm worried that we will suffer heavy losses. If we withdraw now, we can go back later." Luo Qihong said, "The profits generated from this round trip are very different. Besides, we also need to reserve a large amount of cash to cope with the upcoming stock market crash."

"Do you plan to use this money to bottom out the US market or the Japanese market?" Bai Jinyan didn't think that the Hong Kong market could accommodate so much money.

"Let's wait and see. The Japanese yen will continue to appreciate anyway, so we are not in a hurry to exchange it into other currencies," said Luo Qihong.

"The investment company over there is idle. Should we arrange other work for them?" Bai Jinyan asked.

Luo Qihong pondered for a moment and said, "Let them collect information about Japanese companies. After the disaster, we need to buy at the bottom. The question is whether to buy small or large amounts."

"Okay, I will notify the company over there." Bai Jinyan nodded.

In order to cope with the 20 stock market crash, Luo Qihong has cleared all the loans under the name of Dehe Real Estate Company, and now there is only a cash flow of nearly billion Hong Kong dollars left in his personal account.

Although Dehe Real Estate Company has hundreds of millions of cash on its books, it cannot move the money if it wants to support the development of the second section of the Admiralty Barracks land.

Fortunately, Tak Hop Properties owns the New Sun Plaza in Tsim Sha Tsui, part of the properties in Tak Hop Plaza, the Holland Bank Building in Central and the Mercantile Bank Building. The rent for two months is as much as HK$2 million, which is a considerable amount.

As for Siu On Properties, it has started a new round of share offering to raise funds, with the plan being to offer 3 share for every 1 shares, raising HK$18 billion.

However, the specific use of this fundraising fund was not disclosed in detail to the public. In fact, it was used to privatize Huaguang Real Estate Company.

According to Luo Qihong's plan, Siu An Real Estate Company will not buy on a large scale, but will focus on digesting Wah Kuang Real Estate Company. When the market is booming, the market value of Siu An Real Estate Company may exceed HK$6 billion, making it one of the top six real estate companies in Hong Kong.

By the 2s, Luo Qihong will own two listed companies with a market value of over 2 billion yuan, and his family's apparent assets will exceed billion Hong Kong dollars, making him one of the top ten richest families in Hong Kong.

At this time, Luo Xurui and Liu Luanxiong, who were hailed as the best of the new generation of wealthy people, were both investing in the stock market and were reluctant to withdraw.

For example, Liu Luanxiong is sniping at listed companies of all sizes everywhere. The profits he has obtained from sniping have exceeded HK$10 billion, and the funds raised from the stock market have exceeded HK$50 billion.

Therefore, Liu Luanxiong was so focused on the stock market that he had no idea that a major disaster was coming.

The same is true for Luo Xurui, who previously acquired Cathay City and is digesting it using sharp financial techniques. However, overall, the market value of Cathay City is rising rapidly.

Even if a stock market crash comes, the impact on Luo Xurui will not be too great.

Luo Xurui currently owns four listed companies, Century City, Paliburg Investments, Regal Hotels and Cathay City. The market value of all companies is HK$4 billion, making him one of the top ten candidate chaebols.

Deep Water Bay Luo Family Villa

Ever since Bai Jinyan gave birth to a son, Luo Zegui and Lin Ya often called the couple to ask them to come back for soup. In fact, it was to hold their grandson. This made Chen Yusan very jealous, and she decided to have a second child and give birth to a eldest grandson for the Luo family.

In fact, what made Chen Yusan even more envious was that Bai Jinyan got properties worth more than ten billion yuan, but unfortunately Luo Qixing did not have such financial resources.

"Shengyun Real Estate Company raised 2.1 million yuan in a new round of rights issue," Luo Qixing said. "You own 4% of the equity in Hongji Building. Now it has increased by 8%. With the rental income, Shengyun Real Estate Company needs to pay you 1.6 million yuan, and your profit is 1 million yuan."

Luo Qihong was teasing Luo Yiyu, and when he heard what Luo Qixing said, he smiled and said, "Okay, I'll have someone go to Shengyun Real Estate Company to sign the contract in a few days." "How is Shengyun Real Estate Company? Can you handle it?"

"Shengyun Real Estate Company has reduced its debt ratio, but we also sold Shengyun Printing Company, and I still owe the bank some money personally." Luo Qixing said a little dejectedly.

He has already admitted defeat. He is indeed no match for Luo Qihong. Luo Qihong has already spent billions in cash to acquire the land company, but he is still worried about his personal funds.

"Don't you still have some investments in the stock market? You should sell them and pay off your debts. There's no need to take risks for that little bit of money," Luo Qihong reminded.

Luo Qixing couldn't help but slander that those profits were not small money to him, and he was counting on those profits to make big money.

"How much do you owe?" Luo Qihong glanced at Luo Qixing with a bad tone.

"About 2 million. If we draw on investment from the stock market, it will just be enough to fill this hole." Luo Qixing said unconvinced.

"Sell the stocks. If you need funds in the future, I can lend you 2 or 3 million yuan privately," said Luo Qihong.

He still softened his heart. After all, he still had some feelings for Luo Qixing, and he didn't need the 2 or 3 million.

"Uncle, I want to borrow money too." Luo Yiyu said in a baby voice, playing with a toy in his hand.

"How much do you want to borrow? What do you want to borrow it for?" Luo Qihong lowered his head and asked softly.

"Borrow 10 yuan so I can buy stocks," Luo Yiyu replied.

"Haha!! Do you know what stocks are?"

"I don't know, but I know it can make money, a lot of money." Luo Yiyu glanced at her daddy and mommy and said fearlessly.

Luo Qixing and Chen Yusan looked at each other, and Luo Yiyu naturally followed suit. They did not avoid Luo Yiyu when they spoke.

"You can wait until you grow up to make money. Do you know why Uncle and your dad and mom can make so much money?"

"why?"

"Because we have read a lot of books and learned a lot of knowledge. Without these things, you can't make money, so you have to study hard, understand?"

"I know. I want to go to college in the future."

In order to prevent such situations from happening again, Chen Yusan asked Lin Ya to take Luo Yiyu away.

It was already 9 o'clock in the evening when we left the villa.

"My sister-in-law seems to have some opinions about us." Bai Jinyan glanced at Luo Zhiying who was sleeping beside him.

"If she has an opinion, then she has an opinion. My father doesn't have any property to share, so there's no need for me to behave according to her mood." Luo Qihong said calmly.

Bai Jinyan chuckled twice. "He has some assets, right? He owns some property in Shengyun Real Estate Company, right? He also owns some properties."

"You are worth billions, and you are still eyeing these things?!" Luo Qihong said with a smile. He knew that Bai Jinyan would not be interested in these things.

(End of this chapter)