Hong Kong 1980: The Savage Era

Chapter 415 417 [Hengchangxing Enterprise]

He thought of some of Liu Luanxiong's deeds in his previous life, and suddenly felt that Liu Luanxiong's behavior was consistent with his character, always wanting to obtain things of great value at a very small cost.

In his previous life, Liu Luanxiong was very awkward about the privatization of Chinese Estates Holdings. He wanted to take action when the stock market crashed, but he also wanted to privatize the company at a price below the market price. Of course, the small shareholders would not be happy about this.

So Liu Luanxiong carried out several privatization attempts, but all failed and even attracted criticism.

In fact, Luo Qihong still hopes that Liu Luanxiong will take over Miramar Hotel Enterprise Company, otherwise this company will easily fall into the hands of Li Zhaoji.

The Li Zhaoji family currently owns Henderson Land Development and Heung Kong Electric Company. The market value of the companies controlled by the family has exceeded 200 billion yuan, and the family assets are 80 billion yuan, and these are just the figures on the surface.

According to Luo Qihong's estimate, Li Zhaoji's net worth is already over 10 billion yuan, making him one of the top five richest people in Hong Kong.

Of course, he is not as good as someone with cheats like Luo Qihong, but he is much better than in his previous life.

After all, he took away the Hong Kong Electric Company from the Li Jiacheng family.

After all, Bai Jinyan was very greedy and always wanted to take all the good things for the family. He did not think that if he continued like this, it would cause dissatisfaction among most people and have a great backlash on the family.

Hexiang Trading Company Meeting Room

Luo Qihong had a silent look on his face. Hexiang Trading Company lost to Li & Fung Trading Company in the acquisition of Tianxiang Trading Company under the Innolux Group, and the price difference was only 2 million yuan, which was a very small gap.

In fact, Luo Qihong was eyeing the automobile dealership business of Tianxiang Foreign Company, which was of course also the core business of Tianxiang Foreign Company.

It's a pity that Li & Fung Trading Company took it away. In the future, Hexiang Trading Company will have an extremely strong competitor in Hong Kong.

"Well, since we lost, we have to accept the fact and do the next thing well." Luo Qihong leaned back in his chair. "We acquired Taikoo Trading Company a long time ago. After years of development, it should be no worse than Li & Fung Trading Company, which acquired Tianxiang Foreign Company. The gap is just much smaller."

Li Gukun said, "I think the gap between our company and Li & Fung lies in car dealerships. We currently have four brands of car dealerships, while Li & Fung has more than a dozen. The annual profit is 4 million Hong Kong dollars."

"But we are better than Li & Fung in terms of clothing, toys, kitchenware, etc. The overall profit difference is only HK$10 million, which is 10 million more than Li & Fung."

"We lost Tin Hsiang & Co., but I heard that Ho Sin Hang, the founder of Heng Chang Hang Enterprise Co., Ltd., is interested in selling the company. If we can take over this company, Li & Fung will no longer be our competitor," said Vice President Qian Yu.

Hengchangxing Enterprise Co. was founded in 1964, but its flagship Dachang Trading Co. was established in 1946 and the main business is concentrated in the hands of Dachang Trading Co.

The company's business involves various types of food such as rice and seafood, car sales agency, car repair and maintenance, building materials sales, and electrical appliance agency. It has a wide range of business types. It is one of the largest trading companies in Hong Kong, with more than 5 employees and a purchasing and sales network all over the world.

In addition, Hang Cheong Hong owns properties worth more than HK$52 billion in Hong Kong and overseas, including Hang Cheong Building in Central, Hong Kong Island with a market value of more than HK$10 billion and HK$18.6 billion in securities and cash.

The turnover in 87 was HK$89 billion and the net profit was approximately HK$9.02 million. If Hang Chang Hong Enterprise Co., Ltd. had been listed, it would have ranked as high as 33th among the 20 Hang Seng Index components, below companies such as Hutchison Whampoa, Cheung Kong Holdings, and Jardine Matheson Group, but higher than a number of companies such as Hang Lung.

Luo Qihong certainly wanted to take over Hengchangxing Enterprise Company, but such a high-quality company would obviously have many strong competitors, such as Cheng Yutong and Li Jiacheng who participated in the competition in his previous life. "It is very difficult to take over this company, and the chance is even slimmer than that of Tianxiang Foreign Company. What do you think?" Luo Qihong said.

Zhang Zuoyao replied, "The company probably doesn't have that much money, and other companies will probably form a consortium to compete, so our chances of winning are much lower."

Luo Qihong knew very well that Cheng Yutong and Ho Sin Hang were old friends, and if Cheng Yutong wanted to take over the whole thing, Ho Sin Hang would be happy to oblige him.

However, he also knew Cheng Yutong very well. Cheng Yutong was not interested in Dachang Trading Company, but was interested in the properties and land of Hengchang Enterprise.

It was rumored in the past that Ho Sin Hang was unwilling to let Cheng Yu-tung, Lam Sau-fung and Tsui Chin-tong dismantle the Hang Chang Hong Enterprise, so he chose to break his promise, was unwilling to sell the Hang Chang Hong Enterprise, and even resigned from the position of director of New World Development Company.

These old people are very sentimental and will not break their promises easily, nor will they easily have conflicts with old friends. It can be seen that dismantling the bones of Hengchang Bank is a big taboo.

Therefore, Luo Qihong did not want to acquire Hengchang Bank together with people like Cheng Yutong and Lin Xiufeng.

However, the timing must be appropriate, otherwise nothing will be gained.

After the senior executives finished discussing, Luo Qihong made the final decision, "Qian Yu, you are responsible for collecting information about Hengchangxing Enterprise Company. You must report to me in a timely manner. If there is any emergency, you can call me at night."

"Yes!" Qian Yu nodded.

The senior executives were all confused. They couldn't guess what Luo Qihong was doing.
Wednesday, May 12

Chinese Estates Holdings Limited commissioned Peregrine International to launch a comprehensive acquisition of Miramar Hotel and Entertainment Corporation at a price of HK$9.5 per share, and at the same time stated that it already holds a 17% stake in Miramar Hotel and Entertainment Corporation.

The news that Chinese Estates Holdings Group was acquiring Miramar Hotel Group had already been circulating in the market. Now that it has been confirmed, it has not caused much stir.

Of course, there are also many expert comments that believe that it is unlikely that China Estates Holdings will succeed in swallowing up Miramar Hotel Enterprises, and that it will be a major sniper acquisition at best.

The reasons are that Chinese Estates Holdings has always had a habit of sniping; the Yang Jingyun family, which controls the Miramar Hotel Enterprise, is not a declining family. Its subsidiaries such as Jingfu Jewelry are all big profit makers and have no shortage of funds for anti-takeover.

Moreover, Yang Jingyun's family is on good terms with many business tycoons such as Li Zhaoji and Cheng Yutong. Once the situation becomes desperate, they may be able to get help from these families.

Besides, Miramar Hotel Enterprises itself is a piece of fat meat, and many consortiums are coveting it. If the Yang Jingyun family wants to fight to the death, Chinese Estates Holdings will not get any benefits, and it will only benefit other consortiums.

"Liu Luanxiong has angered everyone. No one is optimistic about him." Bai Jinyan smiled brightly.

Those who are optimistic about Liu Luanxiong are just some stock investors. Other groups will not be optimistic about him. The reason is very simple. Liu Luanxiong has been engaged in legal robbery.

(End of this chapter)