Hong Kong 1980: The Savage Era

Chapter 412 Chapter 414 [Miramar Hotel] (New book, please collect)
The beginning of April

Sing Tao Newspaper Group announced that it holds 30% of the shares of Jade Lang International Group, becoming the second largest shareholder of Jade Lang International Group and launching a full acquisition of it.

Wong Yuk-long had just blocked Cheng King-hon's takeover attempt, but now he has attracted an even more powerful enemy, which makes him extremely anxious.

You have to know that it took Huang Yulang more than ten years to grow Yulang International Group to its current size. It is the result of his hard work, so how could he give it up easily?

Although Wong Yuk-long, Chin Kwok-chung and others hold nearly 50% of the shares in total, Wong Yuk-long has never fully trusted outsiders, so of course he wants to redeem the 16% stake so that he can regain control of the Yuk-long International Group.

According to the information Luo Qihong had obtained, Qian Guozhong's rescue of Huang Yulang was conditional. The two parties agreed that Huang Yulang would focus on comic creation and increase production, while Qian Guozhong would be responsible for market development and restructuring of the company's business structure.

In other words, Qian Guozhong took over the management rights of Yulang International Group, and Huang Yulang became a marginal figure.

In fact, this is a bit like taking advantage of the situation. Once Qian Guozhong completely controls the management, Wong Yuk-long may be kicked out.

Of course, there is no other way around this, otherwise Wong Yuk-long would not even be able to get back the rights to create comics for Yuk-long International Group. Qian Guozhong still has some moral principles, just not much.

Having dealt with Wong Yuk-long before, Luo Qihong had some understanding of this man's character. Wong Yuk-long would not allow himself to be marginalized, and breaking the contract was only a matter of time.

Now Hu Xian’s comprehensive acquisition is just a catalyst to move time forward.

"How do you think Huang Yulang will respond?" Bai Jinyan asked with a smile.

"Hu Xian is such a bad person. She actually let the reporters take pictures of her having dinner with Qian Guozhong and Lin Jianming. Now Wong Yuk-lang will be even more anxious and may very likely take some extreme measures." Luo Qihong said with a sly smile.

"What do you mean?" Bai Jinyan didn't quite understand. She knew that taking an unconventional approach was illegal, but there were many ways to break the law.

"There are only two ways for Huang Yulang to make money. One is to borrow money. Now the bank will not lend him money, and he can borrow money from all his friends, so that doesn't work. The other is to cash out his private assets, but the asset cashing out has been done long ago. Now there is only one way left, which is to borrow money from Yulang International Group, or to steal money." Luo Qihong said with a sneer.

Bai Jinyan was surprised and asked, "You mean Huang Yulang would cook the books? Isn't he afraid of spending the rest of his life in jail?"

Luo Qihong said, "It's just a temporary loan, but he probably won't return it."

When the time comes to pay off the debt, it will be necessary to continue to cook the books, and the risk will become even greater. Moreover, those green banknotes will confuse the mind.

"Should we report him to the Commercial Crime Investigation Department?" Bai Jinyan reminded.

"Let's wait a little longer. Wong Yuk-lang is still cooking the books. We will take action when he buys a large amount of stocks." Luo Qihong said with a smile.

Once the money is spent, it is impossible to get it back and balance the account all at once.

Since November, the Hang Seng Index has climbed to 11 points. With a large number of mainland companies listed in Hong Kong, the market can be said to be good.

While Liu Luanxiong was negotiating with Miramar Hotel Enterprises, he was also carrying out a dazzling share offering, causing small shareholders to wail.

Stock analysts said: Liu's share offering and sniping are just a change of name but the substance remains the same. The difference is that the previous sniping was to rob the major shareholders of other listed companies, while the current share offering is to drain the blood of the small shareholders of his own company.

Liu Luanxiong's actions seriously damaged the interests of other large and small shareholders of the company.

Luo Qihong was very clear about Liu Luanxiong's approach. He wanted to drain the shareholders' blood and finally privatize the company at a small price.

You know, Liu's family members are known as the working emperors of Hong Kong. Their annual salary within Chinese Estates Holdings is as high as tens of millions, and they account for a lot of the profits of Chinese Estates Holdings.

Liu Luanxiong also used this method to deal with his own share issuance and fundraising. It can be seen that Mr. Liu is very shameless and has a very thick skin.

Luo Qihong still holds 5% of the shares of Chinese Estates Holdings, but Liu Luanxiong is a very good person. Even though Luo Qihong served as a non-executive director, Liu Luanxiong asked Chinese Estates Holdings to pay Luo Qihong a personal fee of 6 million yuan. Chinese Estates Holdings meeting room

Liu Luanxiong went to great lengths to invite Luo Qihong, but in fact there was no need for Luo Qihong to attend the meeting.

"The current share price of Miramar Hotel Enterprises is 8.5 yuan. The purchase price proposed by Mr. Liu is 8.9 yuan, which is about 4.8% higher than the market price. The warrants are 4.9 yuan each, which is a 1.2% discount to the market value." Liang Botao said.

"Mr. Liu, to be honest, this stock price is not attractive. The Yang Jingyun family is likely to refuse."

"Mr. Liang, of course I know it's not attractive, but the entire Miramar Hotel is worth 50 billion Hong Kong dollars, and the acquisition funds are almost the same as the market value of Chinese Estates Holdings. I dare not pay too much of a premium." Liu Luanxiong complained.

Luo Qihong guessed some of Liu Luanxiong's intentions, but he didn't want to speak out too early and continued to listen.

In the previous life, Yang Jingyun's family only intended to sell the Miramar Hotel in 93, but in this life it happened 4 or 5 years earlier. Logically speaking, people like Yang Bingzheng would not have much desire to sell it unless they were very satisfied with the price.

Therefore, Luo Qihong reminded Liu Luanxiong at that time, but now it seems that Liu Luanxiong did not take it seriously at all.

"Mr. Luo, what do you think?" Liu Luanxiong turned and looked at Luo Qihong and asked.

Luo Qihong shook his head. "I don't understand the situation, so it's hard to say more now."

Liu Luanxiong's face changed slightly. "Luo Sheng is an expert in acquisitions. You can talk about it based on your experience first, so that we can have a reference."

"Since that's the case, let me tell you the truth. Acquisitions in the market generally have a 1% premium. Mr. Liu, your premium is less than 5%. I guess the Yang Bingzheng family will not agree to a full acquisition." Luo Qihong said.

"If that's the case, we can only introduce other companies to participate. Is Mr. Luo interested?" Liu Luanxiong asked.

Luo Qihong was silent for a moment, then said, "I would like to participate, but unfortunately I want to acquire the Central Plaza land in Wan Chai, and I don't have much money for the time being. 500 million or 600 million should not be a big problem."

There is no way. Luo Qihong previously asked Chinese Estates Holdings to help hold shares in the Grand Hotel Group, and now he needs to return them to Liu Luanxiong.

"Whether it's 500 million or 600 million, how much premium do you think is appropriate?" Liu Luanxiong asked again.

Luo Qihong smiled bitterly and said, "Da Liu, you and I are different. If I find a company I like, I will pay a very high premium, at least 2%, or even 4% or 5%."

"In fact, Miramar Hotel Company is of high quality and is a rare industry in Hong Kong. If you let it go, you may not have another chance."

Bao Yongqin asked, "Does Luo Sheng mean that we must take over the Miramar Hotel at any cost?"

Luo Qihong laughed and said, "Sister-in-law, this depends on your opinion. You are the ones who are in charge of Chinese Estates."

Liu Luanxiong glanced at Luo Qihong and said, "After two rounds of capital raising and share offering, Chinese Estates has 2 million yuan in cash on its books. If the premium is 9%, it will need to borrow 2 million yuan from the bank, which is not much."

"But I'm most worried that Yang Bingzheng's family will think it's too little and want more."

Luo Qihong smiled slightly and did not continue to persuade.

"If the premium exceeds 20%, can China Gas Company under Luo Sheng help bear part of it? Because this will touch the bottom line of a full acquisition." Liu Luanxiong still stated the ultimate goal.

Luo Qihong thought for a moment and said, "What is your specific plan? I need to take a look at it first, and then seek the opinions of the board of directors."

Although China Gas Company has become Luo Qihong's toy, the directors still have to be respected. After all, a lot of money is involved.

(End of this chapter)