Hong Kong 1980: The Savage Era

Chapter 409-410 [Hung Hom Hok Yuen]

Luo Qihong smiled slightly, not caring much. Prestige is a very ethereal thing. Only interests are eternal. He could bring the directors in front of him under his command.

Of course, this was also the result of Luo Qihong forcing the Kadoorie family, and the backlash caused was within his expectations.

He had some understanding of the situation in Southeast Asian countries. The situation in the Philippines seemed very dangerous, but it had actually calmed down a lot. Now was a good time to take action.

If you redeem the other half of the Peninsula Hotel shares at this time, the price can be 70% cheaper, which is very cost-effective.

The directors nodded in agreement to Michael's proposal. Issuing shares to raise funds for company development was a good thing in itself. After all, the big hotel groups had been conservative for many years. Now that the market was good, it was just the right time to make up for what they had lost in previous years.

In fact, in addition to this purpose, the Kadoorie family also wanted to strengthen the directors' confidence in the development of the hotel group and weaken Luo Qihong's cash flow.

One or two hundred million in rights issue funds is not a big problem for the Kadoorie family. If it is not enough, they can just transfer it from somewhere else.

"Then let's vote!" Seeing that his conspiracy had succeeded, Michael quickly tried to settle the matter.

It was passed unanimously and Luo Qihong did not object, which surprised several directors.

Next, everyone began to discuss the use of the remaining funds. After all, it only cost 5 million yuan to redeem the shares of Manila Hotel.

Luo Qihong knew that a new round of plunge would begin in May next year, and at that time he would use this money to redeem the Peninsula Hotel in New York or the Peninsula Billionaire Hotel in Los Angeles.

The U.S. economy is still recovering and the redemption plan will not cost much money.

After the meeting, Michael invited Luo Qihong to his office for a chat.

The decoration of Mi Gao's office is somewhat similar to that of the castle of British aristocrats, with a British classical style, but Luo Qihong doesn't like it, thinking it is a bit gloomy and out of place.

"Luo Sheng has a lot of hotel businesses. Do you have any advice for the hotel business of the Grand Hotel?"

Luo Qihong took the wine glass handed to him by Michael and said with a smile, "What advice can I give? In front of the big hotel groups, my hotel is just a small apprentice."

He knew that this was a test from Michael. He was not a fool, so there was no need to turn against the Kadoorie family so quickly.

"Mr. Luo, you are too modest. The Furama Hotel in Central and the hotel in Tak Hop Plaza are not small hotels. In terms of value, they are no less than the Peninsula Hotel in Tsim Sha Tsui and the Kowloon Hotel." Michael said.

"Mr. Michael, to be honest, I also hope that the Grand Hotel Group can calm down for a while. I think this is our common idea." Luo Qihong said, "But I heard that the old power plant land of China Power Group in Hok Yuen, Hung Hom needs to be developed. Do I have a chance?"

This is clearly a deal. If both parties agree on this project, the big hotel group will be able to calm down for a while.

Ever since Hutchison Whampoa and Cheung Kong Holdings built a super-large residential area in Hok Yuen, Hung Hom, the land there has been rising in price like it took off from a helicopter. Although there is still a big gap between the land price in Tsim Sha Tsui East, it has indeed increased by more than 5 times.

The Heyuan Power Plant site covers an area of ​​more than 120 million square feet, which can conservatively build 400 million square feet of residential buildings and 20 square feet of shopping mall properties.

At this time, the Hok Yuen Power Plant was still in use, but the China Light and Power Group already had power plants in Tsing Shan and Tsing Yi, and it was estimated that all of them would move out before 92.

Luo Qihong knew that in the mid-7s, the price of housing in Heyuan could rise to yuan per square foot. If he bought it now, he would definitely make a lot of money in the future, and he would also be able to cut off the Li family's influence.

This is also the reason why Luo Qihong was reluctant to kill the hotel group. It would be difficult to cooperate with him if his face was completely torn. Michael was slightly startled. Luo Qihong's thoughts were too jumpy. He couldn't keep up. He subconsciously thought that Luo Qihong had bad intentions, but he couldn't refuse immediately.

"Luo Sheng, this matter is too big. I can't reply to you right away. How about this, I'll reply to you within a week?"

"Okay, no problem!" Luo Qihong said with a smile.

He had already made up his mind that if the Kadoorie family refused, he would immediately launch a takeover because it was a good excuse.

In fact, cooperating with Luo Qihong is the best choice for the Kadoorie family. First, Luo Qihong will not treat them unfairly, and they will not earn less than if they cooperate with Li Jiacheng. Second, it can delay the change of hands of the large hotel group and give them more time to prepare.

Mandarin Oriental Hotel, Central
A fat old woman sat in the first seat. The glasses on her nose made her look more bookish, and her serious look gave her a sense of majesty.

This person is none other than Wu Xian, the chairman of Sing Tao Newspaper Group, a well-known strong woman in Hong Kong and a giant in the media industry.

Although Hu Xian's wealth is not high, her influence in Hong Kong is almost the same as Luo Qihong's, and her influence overseas is far beyond Luo Qihong.

"Ms. Hu, I'll toast you!" Luo Qihong raised his glass to Hu Xian with a gentle smile on his face.

After drinking, Hu Xian pondered for a moment and asked, "Mr. Luo, Mrs. Luo, why are you interested in Yulang International Group? As far as I know, your family has always been lukewarm about the development of the media industry."

"Ms. Hu is right, but Dean Securities Investment Company's investments involve all walks of life. Yulang International Group is now in many troubles. As long as the culprit is driven away, Yulang International Group can still restore its market value of 22 billion yuan." Bai Jinyan explained.

To put it bluntly, Hu Xian might have a lot of concerns. If Wong Yuk-long is driven away and the market value is restored to its peak, Hu Xian will not have too many doubts.

Because this is a tenfold increase, 10% of the shares can earn 2 million yuan, which is a considerable profit.

But Hu Xian smelled something unusual, it was Luo Qihong who showed up in person. If it was just Bai Jinyan alone, she wouldn't think it was a big deal, but with Luo Qihong showing up, she couldn't help but think more.

Luo Qihong smiled and said, "Ah Yan, I've already said that Ms. Hu is not as serious as the rumors say. She is easy to get along with. There's no need to drag me over as a guest."

Bai Jinyan immediately understood what he meant and complained, "I'm just worried that we won't be able to reach an agreement. And since you're so free, can't you help me?"

"Ms. Hu, I'm sorry to have embarrassed you." Luo Qihong apologized casually, which was a disrespectful behavior.

Hu Xian had done some research on Luo Qihong. After all, when the land was being speculated, Luo Qihong's actions were a weather vane. After hearing these words, half of the doubts in her heart were dispelled.

"Luo Sheng, you are too serious."

"Luo Sheng has no confidence in Wong Yuk Lang, so he's looking for me to join forces?"

"Part of the reason is that when I started my career, I had some conflicts with Wong Yuk-long. Whether it was in public or in private, there was no need for me to let Wong Yuk-long go." Luo Qihong suddenly remembered this reason.

"Luo Sheng really holds a grudge. It's been several years." Hu Xian said tactlessly. By the time she realized something was wrong, it was too late. She could only change the subject. "Since Luo Sheng is not interested in the control and management rights of Yulang International Group, we can cooperate well. But it is still a bit difficult to defeat Huang Yulang in a short period of time."

"Are they Wong Yuk-lang's friends?" Luo Qihong asked, "Perhaps we can talk to them. I believe it's not that strict."

(End of this chapter)