Hong Kong 1980: The Savage Era

Chapter 413 415 [You guessed wrong]

Liu Luanxiong glanced at his younger brother Liu Luanhong, and Liu Luanhong immediately handed a document to Luo Qihong.

Having said that, there is nothing to hide. From the very beginning, Liu Luanxiong wanted Luo Qihong to participate and share the pressure of the acquisition.

After reading the plan carefully, Luo Qihong's face was not very good. Although he could make a huge profit, Liu Luanxiong was planning to swallow up the entire Miramar Hotel Enterprise Company, which was a big company with a market value of 50 billion yuan.

However, he soon realized that swallowing up so many assets was not necessarily a good thing for the Rothschild family, and that profiting and exiting would be a good choice.

"How about this, let's change the plan. The Miramar Hotel's shares will be swapped with the Grand Hotel's shares, and we will hold them for a short period of time." Luo Qihong said, "This will not only improve the current situation of Chinese Estates, but also give me some time."

"Okay, Luo Sheng's suggestion is very good, let's do it." Liu Luanxiong expressed his opinion immediately.

Liang Botao on the side suddenly realized that Luo Qihong had never given up his plan to control the hotel group, but had delayed it due to certain circumstances.

However, in his opinion, delaying would only give the Kadoorie family a chance to turn the tables and make Luo Qihong pay a greater price.

"Big Liu, try not to be forceful with the Miramar Hotel. If you attract Li Zhaoji, you will be in big trouble." After thinking it over again, Luo Qihong finally brought Liu Luanxiong forward again.

"I don't want to provoke Li Zhaoji, but if it really happens, there's nothing I can do." Liu Luanxiong sighed.

"Li Zhaoji is known as the 'Asian Stock God'. He made a lot of profits from last year's stock market crash, estimated at 50 to 60 billion Hong Kong dollars. If you bring him in, plus his relationship with Yang Jingyun's family, you, Liu, will basically have no chance." Luo Qihong threatened directly.

The Yang Jingyun family holds so many shares and has controlled the Miramar Hotel for so many years. Without their permission, Liu Luanxiong really cannot take over the Miramar Hotel.

Of course, sniping is definitely possible, but the benefits are very different.

"Luo Sheng means to bid as high a price as possible to satisfy Yang Jingyun's family?" Bao Yongqin frowned slightly.

Luo Qihong nodded and said, "The strength of the Yang Jingyun family is not bad. With Li Zhaoji and the original advantages, it will be useless for anyone to come."

"Mr. Luo is right." Liang Botao does not want the acquisition to fail. Only if it succeeds can he maximize his interests.

Success will also be beneficial to Luo Qihong, as there won't be too many twists and turns in getting the shares of the big hotel.

Liu Luanxiong fell into deep thought. In the end, he still wanted to use the same trick as before and take over the Miramar Hotel at a small price.

End of march
Tiantian Daily published a headline news: Lies told by the Chairman of Zhicai Company.

The content revealed that Yu Pinhai, chairman of Zhicai Consulting Management Company, had committed seven charges including theft, forgery of checks, illegal use of other people's credit cards, and possession of firearms while studying in Canada, and was sentenced to two years minus one day in prison.

This piece of news shook the whole of Hong Kong like a nuclear explosion.

That night, Yu Pinhai issued a statement, admitting that when he was 20 years old and studying in Canada, he was convicted of using other people's checks and credit cards within three months in 1979. However, he was actually released after serving four months in prison.

The Executive Director of the Hong Kong Stock Exchange, Hui Ho Ming, accused Yu Pinhai of not following the rules to report his true history as the chairman of a listed company, which was not trustworthy enough for shareholders and he should be stripped of his position as a director.

Faced with overwhelming condemnation, Yu Pinhai had no choice but to resign.

Naturally, this was done by Luo Qihong.

Next year, in 89, Jin Yong will resign as the president and only retain the position of chairman of Ming Pao Group, and will announce that he will completely withdraw from the society. This is a clear signal that the Ming Pao Group will change its owner.

In his previous life, Yu Pinhai was a man of the highest quality in terms of talent, experience, and character. He also looked like Jin Yong's eldest son, so he stood out among more than 10 conglomerates and gained control of the Ming Pao Group.

Moreover, this person was extremely despicable. He took away the second largest newspaper group in Hong Kong with only over 100 million Hong Kong dollars and deceived Jin Yong.

Luo Qihong put down the newsprint with a sneer. If Yu Pinhai hadn't had his eyes on the Ming Pao Group, he would have ignored the bad guy and left the Economic Daily to expose him.

Although he looked down on Wong Yuk-long, Wong Yuk-long achieved a market value of 22 billion yuan through his own ability, while Yu Pinhai made his fortune through fraud. He is really a scumbag.

This was just a small episode in Luo Qihong's day's work.

Soon, he went to the conference room to meet with the senior executives.

"The Hong Kong government has already confirmed the date for the auction of the Wan Chai land king, which is January 1 next year. We still have one month," Cheng Jianshen reported.

"How is the fund raising going? It would be best to have 45 billion yuan in cash," said Luo Qihong.

"We have discussed with Mr. Su (Su Qishan). Dehe Real Estate Company holds 40% of the equity and Zhaoan Real Estate Company holds 60% of the equity. After the commercial building is completed, Zhaoan Real Estate will be responsible for management." Kang Wenyi replied, "Zhaoan Real Estate has currently raised 16 billion in cash. If necessary, it can also borrow 10 billion from the bank."

"As of now, there is no problem with the funding of Zhaoan Real Estate."

Luo Qihong nodded, "Qishan, how about you?"

"Boss, Dehe Real Estate Company is also ready. 18 billion Hong Kong dollars in cash is already on the books." Su Qishan said with full energy.

"Boss, according to the think tank's estimates, the final auction price of this piece of land will not be higher than 40 billion yuan. Our main competitors are Cheung Kong Holdings, Sun Hung Kai Properties and New World Development Company," said Chen Zhilong.

"Did we miss a Hang Lung company?" Luo Qihong said with a smile.

Hang Lung Group, which ranks among the top ten real estate companies in Hong Kong, cannot be underestimated. Its subsidiary Taoda Property is also on the list. The combined market value of the two companies exceeds 120 billion yuan, which is stronger than Henderson Land Development.

In 81 and 82, Hang Lung acquired a lot of land, including the property rights of nine subway stations on Hong Kong Island. After the Sino-British negotiations, Hang Lung fell into crisis. Now, the land in its hands has been developed and built, and it has naturally made a fortune taking advantage of the booming market.

Chen Zhilong explained, "Hang Lung's strength is not bad, but it is still difficult to undertake this project alone. In addition, a company has come to us for cooperation, but was rejected by Hang Lung, so we excluded it."

Luo Qihong still agreed with this answer. After all, Chen Zhilong did not miss out on Hang Lung Group.

"Who does Cheung Kong Holdings plan to cooperate with?" Luo Qihong asked.

New World Development Company has already spent a lot of money on the acquisition of Wing On Group and is temporarily unable to spend a lot of money on the Wan Chai land king project. Sun Hung Kai Properties prefers residential building development and has little interest in commercial buildings.

Therefore, Luo Qihong's opponent is still Li Chaoren.

"Cheung Kong Holdings has already contacted New World Development. The specific equity distribution is not yet clear. However, according to Cheung Kong Holdings' past style, it should not be determined to win the Wan Chai land king." Chen Zhilong said, "Sun Hung Kai Properties has formed an alliance with Sino Land, and the equity distribution is 50-50. I think our main opponent is the consortium formed by Sun Hung Kai Properties and Sino Land."

(End of this chapter)