Hong Kong 1980: The Savage Era

Chapter 429 431 [The Situation of the Newspaper Industry]

Yulang International Group was very active when it went public in 86, acquiring newspaper numbers, properties, etc., and its momentum was many times stronger than that of similar companies.

However, the Hang Seng Index has now plummeted, falling by one-third, and Yulang International Group has also fallen, now down to half of its original market value.

Before the disaster, the joint company of Hu Xian and Luo Qihong expelled the five-member board of directors consisting of Qian Guozhong, Lin Jianming and others.

As Wong Yuk-long was still involved in a lawsuit and was not suitable to serve on the board of directors, the board of directors was controlled by Wu Xian, who appointed Deng Liren as executive director and general manager.

Luo Qihong knew very well that Wong Yuk-long would definitely have a backup plan, just like he had dealt with Chin Kwok-chung and Lam Kin-ming before to deal with Hu Sin.

Today, Wong Yuk-lang still holds more than 3% of the shares of Yuk-lang International Group. If he recommends other people into Yuk-lang International Group, Hu Xian and Luo Qihong will face the same situation as Qian Guozhong and Lin Jianming.

Moreover, the market situation is very bad at the moment. If the purchase is made at the highest price in six months, Hu Xian and Luo Qihong will suffer heavy losses.

Therefore, Hu Xian was very tolerant of Huang Yulang, which made it very difficult for Deng Liren to carry out his work at Yulang International Group.

It seems that Wong Yuk-lang is about to regain control of Yuk-lang International Group, and the situation is extremely unfavorable to Hu Xian.

Unfortunately, she had no effective solution and could only endure it.

Luo Qihong certainly has a way, but he will not remind Hu Xian, because when the snipe and the clam fight, the fisherman benefits.

Hu Xian was too successful, which might cause trouble for Luo Qihong's next plan.

At this time, Wong Yuk-long should be thinking about how to use the same trick again to deal with Hu Xian and Luo Qihong.

Luo Qihong naturally would not be worried. Not to mention that Hu Xian was not a pushover, Huang Yulang would also fall into a new crisis in order to repay his debts.

No matter what, Luo Qihong will be the winner.

Inside Jin Yong's villa in Repulse Bay

Luo Qihong and Bai Jinyan interviewed Jin Yong, naturally for the purpose of acquiring Ming Pao Group.

Ming Pao Group has a market value of tens of billions and is ranked among the top three media companies in Hong Kong, with an annual turnover of more than 2 billion yuan and a profit of nearly million yuan.

It is many times more powerful than Fujia Newspaper Company. After all, Fujia Newspaper Company's turnover is only several hundred million yuan, and its profit is only 5 million yuan.

"Ah Hong, do you mean you want to acquire Ming Pao Group?" Jin Yong put down his teacup and supported himself on the sofa with his arms.

"Yes!" Luo Qihong was not familiar with Jin Yong, but Luo Qihong had always interacted with Jin Yong as a nephew.

"To be honest, quite a few people have come to us and want to acquire Ming Pao Group. They are all well-known figures in Hong Kong." Jin Yong slowly put away his smile. "Although you are quite capable, Hong, I am worried that you have too many businesses and it will be difficult for you to take care of Ming Pao Group."

Ming Pao Group is Jin Yong’s life’s work, and its value is certainly not comparable to money, otherwise he would not have allowed Yu Pinhai to succeed in his previous life.

"I understand your concerns, old man. Since we came to you to ask for a purchase, we must have thought of an answer." Luo Qihong smiled and said, "I know if I say I have enough time to run the Ming Pao Group, you won't believe me."

"However, I have always valued integrity. I can only guarantee that Ming Pao Group will remain in the top three of Hong Kong's media and newspaper industry, or even firmly sit in second place, challenging Oriental Press Group for first place."

"Do you want to hire a professional manager to manage it?" Jin Yong asked.

"I will be responsible for decision-making personally, and daily management will naturally be handed over to professionals. I think the current management team is good and can stay." Luo Qihong said.

"Ah Hong, tell me the truth, why do you want to enter the newspaper industry?" Jin Yong asked seriously.

"For the sake of my family's reputation, I don't expect the newspaper industry to make much money, but I will not allow the newspaper group to lose power. I will only increase investment in the newspaper industry." Luo Qihong explained, "You know that my family has a lot of cash flow, which can expand the development of Ming Pao Group."

"Other financial groups won't put a lot of effort into establishing a newspaper group. They may maintain the status quo." Jin Yong nodded, agreeing with Luo Qihong's words. "Then how do you plan to run the Ming Pao Group?"

Luo Qihong knew that Jin Yong was interested, so he struck while the iron was hot and said, "If possible, I will let Ming Pao Group acquire a company of the same size, and I plan to enter the newspaper industry in Southeast Asia and Australia."

"I know you have the ability and can do it, but I want to know how serious your intentions are." Jin Yong was still worried that Luo Qihong would only talk nicely but not do it.

"I can only say that in the future I will have a son who specializes in the newspaper and television media industries." Luo Qihong said with a slight pursed mouth.

"What if your sons don't want to work in the newspaper industry?" Jin Yong said. His children would not want to inherit the Ming Pao Group, otherwise they would not have sold it.

"Then I will do the same as you and choose the most suitable person to take over the Ming Pao Group, and even give it to him for free." Luo Qihong said seriously.

"Haha! You, you are still the same Luo Qihong, with great eloquence." Jin Yong stretched out his index finger, pointed at Luo Qihong and laughed.

"You are talking about the Sing Tao Newspaper Group, which is a newspaper group of the same size and is currently in the limelight and with which you are cooperating, right?"

Luo Qihong flattered him, "You really have sharp eyes, you saw it right away."

"Stop flattering me!" Jin Yong said, "This is your style! It seems that you are involved in many of the affairs of Yulang International Group, right?"

Luo Qihong shook his head and said, "I was not directly involved. I just gently moved my hand. The affairs of Qian Guozhong and others have nothing to do with me."

Jin Yong nodded and said, "That's true. You can't run such a big game. You can't manipulate those people."

"Yes, Qian Guozhong and Lin Jianming are both from wealthy families, and their fathers are well-known tycoons. I can't manipulate them." Luo Qihong said.

"Jinyan, what do you think?" Jin Yong looked at Bai Jinyan.

Maybe in Jin Yong's opinion, Bai Jinyan is more honest than Luo Qihong.

Bai Jinyan glanced at Luo Qihong and said, "Ah Hong has never lost since his debut. I believe he can say it and do it."

"You two are indeed of one mind. I still need to think about it and cannot decide for the time being." Jin Yong gave a direct answer.

"Okay, then you take your time to think about it. If you don't choose me, can you give me another chance to discuss it?" Luo Qihong said.

"Well, no problem! I will inform you in advance." Jin Yong said.

So, Luo Qihong and his wife started chatting with Jin Yong about other things, including many interesting stories.

Although Luo Qihong is his nephew's generation, he is also a well-known business tycoon in Hong Kong, so Jin Yong will also send them to the door.

"Is there no chance now?" Bai Jinyan asked Jin Yong while looking at him in the rearview mirror.

Luo Qihong shook his head and said, "I'm not sure. But Mr. Jin Yong has always been a straightforward person. If it's not suitable, he will say it directly and won't keep us hanging."

"Actually, I wanted to say just now that I would personally manage the Ming Pao Group, but I was worried that he wouldn't believe it." Bai Jinyan said.

"Old man is very smart. You manage a company as big as Dean Securities Investment Company. How can you have the energy to manage Ming Pao Group?" Luo Qihong said with a smile, "Lying will reduce your impression. Even if we can't acquire Ming Pao Group, we will acquire Sing Tao Newspaper Group. There is no need to lie."

"Okay, then let's wait for the old man's reply."

"It can only be this way."

(End of this chapter)