Hong Kong 1980: The Savage Era

Chapter 423 425 [It’s always better to be careful]

The international shipping industry began to pick up in the 90s, so Luo Qihong had to make preparations in advance to seize the opportunity.

The Luo Qihong family owns many industries, including real estate, gas energy, department store trade, securities investment, film production, cinemas, shipping, etc.

It seems that there are many industries with strong risk resistance, but in fact these industries are all confined to a corner. Only securities investment and department store trade can be regarded as multinational industries, and the others are regional businesses.

He is greatly influenced by the Hong Kong region, so shipping is an opportunity. If he seizes it well, Luo Qihong can further expand his circle of contacts and transfer some assets.

Don't put all your eggs in one basket. This is the rule of thumb for businessmen.

Luo Qihong also agreed with this, and Hong Kong could no longer accommodate so many investments. Singapore, the United States, Australia, and the Mainland were all his targets.

The transaction with New World Development Company was carried out quickly. After valuation by professionals, Luo Qihong's family's De'an Securities Investment Company acquired 7.8% of the shares of Hong Kong Shipping Company for HK$60 million and became the decision-maker of the company.

"New World Development Company has lost a lot of money on Hong Kong Shipping, estimated to be 3 to 4 million yuan. The current Hong Kong Shipping Company is also heavily in debt. If it does not improve within two years, it will face the risk of bankruptcy." Bai Jinyan said worriedly.

She couldn't understand why Luo Qihong took over such a company with not much prospects, but Luo Qihong had never failed in his investments, so she couldn't object.

But by this time the matter was done, so she complained a few words.

"Don't worry, I plan to acquire the entire Xiangjiang Shipping Company and make it a wholly-owned company of our family." Luo Qihong smiled slightly.

Bai Jinyan's abilities are very limited. After becoming wealthy and powerful, he has become more cautious, which is very different from Luo Qihong's shark-like style.

"Then...it will cost at least 4.5 million yuan. Adding the subsequent ship maintenance and debt settlement, we will have to invest nearly 10 billion yuan." Bai Jinyan was shocked. This money might be thrown into the sea.

"Don't be afraid! Who am I? The investment god of Hong Kong. When have I ever failed?"

Luo Qihong pinched Bai Jinyan's cheek and said with a smile, "You will find this a worthwhile investment in the future. My plan is to become the next Pao Yue-kong, the world's shipping king."

"Then, we can use this momentum to expand our family's influence to every corner of the world."

Upon hearing this, Bai Jinyan's eyes widened. It seemed that the 17.8 billion yuan was well worth it.

"Did you have this plan several years ago?"

Luo Qihong pinched Bai Jinyan's cheek again and said, "Why are you so smart? Sister Jinyan!"

He hadn't called Bai Jinyan "Sister Jinyan" for a long time, which reminded Bai Jinyan of the past days when Luo Qihong was very reluctant to marry her.

Now she is truly Mrs. Luo, and none of the women outside can shake her position.

Such a layout is so huge and takes so long that it is not something that a simple person can do.

"Since you said so, I will arrange people to do the work and try to acquire the Hong Kong Shipping Company at a low price." Bai Jinyan said.

The news spread quickly outside. Many people were very puzzled by it, while others believed that this was an important investment by Luo Qihong and proved that the shipping industry was about to recover.

Unfortunately, the latter did not dare to enter the shipping industry easily. After all, it was a not-so-small pit.

If losses occur, they will also become depressed and will no longer have the good life they had before.

"Hero Luo is about to suffer a Waterloo."

"Last time, many people said that Mr. Luo would suffer a Waterloo, but he bought at the bottom again and made a fortune. This time I want to follow suit and buy in." Some people are optimistic about Luo Qihong, while others are pessimistic about him.

at the same time.

The case of Wong Yuk-long's false accounting began to come to an end, and the Financial Secretary's staff withdrew from Yuk-long International Group.

Wong Yuk-long also began to change his style of doing things. He no longer cooperated with Chin Kwok-chung and Lam Kin-ming in restructuring the company as he did before. Instead, he began to make things difficult for them and shield them, with a clear intention of struggling for power.

Qian Guozhong and Lin Jianming were so angry that they jumped up and down. Even after the two of them told him about the previous agreement, Wong Yuk-long did not restrain himself.

Inside a villa in Repulse Bay
Qian Guozhong sat on the sofa in silence, while Lin Jianming opposite him had a look of anger on his face.

"Guozhong, you have made a mistake. Huang Yulang is an ungrateful person. He actually treated our agreement as nonsense." Lin Jianming said angrily.

Qian Guozhong glanced at Lin Jianming and sighed, "Who knew he was this kind of person? You saw his behavior at the beginning. It seems that we can't just sit there and wait for Wong Yuk-lang to find his conscience. We must fight back."

"How to fight back? When I asked you to clean up Wong Yuk-lang's confidants, you said you would give Wong Yuk-lang face and take it slowly. Now you have become Wong Yuk-lang's knife to make a comeback and kick us out of Yuk-lang International Group." Lin Jianming said bluntly.

As the son of Hong Kong's top tycoon, Lam Pak-yan, Lam Kin-ming has the ability and background to challenge Chin Kwok-chung.

"Since Wong Yuk-lang won't give us a way out, then we'll overturn the table and ask him to pay back the money. If we're luckier, maybe we can return to Yuk-lang International Group." Qian Guozhong said with increased confidence.

"Yes, let him pay back the money. If he doesn't, we can use the shares to pay off the debt. Who knows, we can become the owners of Yulang International Group."

Siu On Real Estate Company Office

Luo Qihong looked at the report with a smile on his face.

The company's first batch of properties has been sold off, with a cash flow of 3 million yuan and a profit of nearly 6%.

The August 1 stock market crash lasted for a relatively short time, and real estate properties did not have time to fall sharply, and only fell by more than %.

Taking into account the current increase, Luo Qihong is already very satisfied with the 30% profit.

This is just the beginning of Zhaoan Real Estate Company testing the market reaction. There will be more property sales and residential disposals in the future.

"We must seize the time and try to complete the plan by the end of April." Luo Qihong closed the document.

Kang Wenyi asked, "This will be a big move. Aren't you afraid that it will affect market turmoil?"

"Issuing an announcement that Siu On Real Estate Company needs a large amount of funds to build Wan Chai Central Plaza should minimize the market reaction." Luo Qihong said.

"Ok."

"Except for the core properties in Central, Tsim Sha Tsui, Wan Chai and Causeway Bay, all other property assets can be sold. Sell as many as you can to recover as much capital as possible." Luo Qihong looked around and said, "If you have property investments, sell them quickly. There is no need to take risks."

Having followed Luo Qihong for many years, they have more or less some properties and stocks in their hands. Relying on Luo Qihong's judgment, their net worth has exceeded 100 million.

Chen Zhilong widened his eyes and said, "Is it such a big deal, Boss!"

"Well, it may be very big, but slightly smaller than the Sino-British negotiations in 82." Luo Qihong explained solemnly.

(End of this chapter)