Hong Kong 1980: The Savage Era

Chapter 431 433 [Privatization]

Lin Ya sat down on the sofa and said to Luo Qihong, "Ah Hong, I don't understand business matters, but we are all relatives. If you can help, then help. If you can't help, don't be vague and delay others from finding other ways out."

Lin Ya spoke, and Bai Jinyan, the daughter-in-law, didn't know what to say, so she looked at Luo Qihong.

From Bai Jinyan's perspective, this deal cannot be done. The low price that Chen Zengjing mentioned will definitely not be lower than the current price, which means that he will have to take over high-priced goods, lose a certain amount of investment funds, and the number of stocks will decrease.

"Mom, the funds involved in Chen's investment company are not small, perhaps more than the profit of Shengyun Real Estate Company in one or two years. Now is the stock market crash period, no one is willing to take over except me." Luo Qihong said, "Whether we can cooperate or not is not up to me. It depends on the actual situation of the investment company. The company has other shareholders."

Even Luo Qixing and his wife may not understand the equity structure of Luo Qihong's company, let alone Lin Ya who knows nothing about business.

So, they all believed what Luo Qihong said.

Luo Qihong turned to look at Luo Qixing and his wife and asked, "Brother, are you interested in participating?"

This is naturally about supporting and giving benefits.

After all, this stock market crash will not last too long, and it has almost reached the bottom.

Luo Qixing said, "Although Shengyun Real Estate did not suffer much loss in this stock market crash, it cannot acquire too many shares."

"How much can you eat?" Luo Qihong asked.

Seeing that Luo Qihong was interested in acquiring the investment company, Lin Ya and Luo Zegui left quietly.

"Twenty or thirty million is still acceptable." Luo Qixing said.

Chen Yusan thought it was profitable and added with a smile, "It's OK to increase it to 50 million. We can still get some if we pool our money together."

"Okay, then I will reserve a share of 50 million for you, but the investment company will be managed by someone I assign for the time being, and dividends will be distributed every year."

"No problem!" Chen Yusan smiled slightly.

After leaving the villa.

Bai Jinyan was a little unhappy. These relatives were quite annoying. They didn't think of her and her husband when there was something beneficial, but wanted help when they were in trouble.

"It doesn't matter! We are making money anyway." Luo Qihong smiled. In fact, the same is true for acquiring those excellent companies.

"It's better to do less of these things in the future. It's a thankless job." Bai Jinyan said resentfully.

She has always tried to push away relatives from Bai Jinyan's side whenever possible. After all, when her family was not yet rich, those people never helped her in any way, and some even showed off.

"Okay, I won't do it anymore."

If this matter is not profitable, Luo Qihong will not help. The people of the Chen family have always been profit-driven and have no regard for human feelings.

……

Late September

Luo Qihong sent a team of accountants, calculators and others to Chen's Investment Company to conduct risk assessment and financial audits.

Chen's investment company had many problems, including some losses of the Chen family, but Chen Zengjing had made up for it and these urgent problems had been resolved.

"The feedback from there is very clear. Chen's Investment Company has lost more than 3 million yuan, and the company still has liabilities of more than 5 million yuan. The value of most of the company's stocks purchased is higher than the current price, about 8%." Bai Jinyan opened the report and handed it to Luo Qihong.

"Ayan, I plan to let Shengyun Real Estate Company take over this investment company. What do you think?" Luo Qihong asked seriously.

Bai Jinyan fell silent, thought for a moment, and said, "Although Shengyun Real Estate Company has an investment department, it is a bit difficult for them to directly manage an investment company."

"If a big problem occurs, we are still required to cover the consequences. This is a bit unreasonable." After all, Bai Jinyan was still unwilling to support Luo Qixing and his wife, which made sense.

"Well, Chen's Investment Company is not a necessity for us. It may become a burden in the future. It is a good thing to make plans for the future now." Luo Qihong touched his chin, "We will manage it for a while and then sell it to Shengyun Real Estate Company at the market price."

Bai Jinyan knew that this was the final decision. He could refute it, but there was no need to.

Since she was in charge of the management, it would be easy for her to turn Chen's Investment Company into a shell with just a little effort.

"The Hang Seng Index has fallen to 2080 points. We have to start bottom fishing, starting with large and medium-sized companies such as Hang Lung, Sino Properties and Sino Land. Small companies should still have some small declines. We will start again after we have finished bottom fishing on large and medium-sized companies," said Luo Qihong.

"I know! The local market has also seen a significant decline. The privatization of the Federal Real Estate Company can be handed over to De'an Company, right?" Bai Jinyan asked.

Luo Qihong smiled and said, "Of course, De'an Company has had experience in acquiring large companies several times, so it shouldn't be difficult to privatize Federal Real Estate."

"I'll let Su Qishan come to you and we can talk together."

Then Luo Qihong picked up his mobile phone and dialed the number of Dehe Real Estate Company.

After explaining, Bai Jinyan said with a smile, "The market value of Federal Real Estate Company during its heyday was HK$71 billion, and it was ranked among the top real estate companies in Hong Kong."

"Once Dehe Real Estate Company successfully privatizes Federal Real Estate, the asset value should be more than 300 billion Hong Kong dollars, right?"

This property is tempting enough, and Bai Jinyan has always wanted to interfere in the affairs of Dehe Real Estate Company, but unfortunately he was politely rejected by Luo Qihong.

But there is no way she would give up. After all, this is an important asset of the Luo Qihong family, with the same status as the Jardine Matheson & Wharf Group.

The Wharf Group is involved in many industries, while Tak Ho Properties only has properties and land, but the latter's property value is higher than Harbour City.

Dehe Real Estate Company owns many properties in Central, and the Admiralty Financial Plaza alone has a market value of HK$40 billion.

"About the same, maybe a little lower, because the local market is going downhill now." Luo Qihong smiled faintly.

"Su Qishan has been in charge of Dehe Real Estate Company for such a long time. Does he need to find a balance?" Bai Jinyan asked tentatively.

Luo Qihong waved his hand and said, "It's not necessary for now. The assets of Dehe Real Estate Company are all rental properties. Even if Su Qishan wants to, he can't do anything."

In fact, Luo Qihong trusts Su Qishan very much, otherwise he would not have let Su Qishan be in charge of Dehe Real Estate Company for many years.

You should know that the assets of Dehe Real Estate Company account for more than 40% of Luo Qihong's personal assets. Once there is a problem, it will be a situation of serious damage to the vitality.

"Well, as long as you know it." Bai Jinyan said helplessly.

After half an hour.

Su Qishan came to Dean Securities Investment Company and followed the secretary into the meeting room.

After waiting for nearly ten minutes, Luo Qihong and Bai Jinyan finally arrived.

"Boss, Madam! I wonder what you want to call me for?" Su Qishan stood up with a flattering look on his face.

Luo Qihong pressed his hand and said, "Sit down first. Didn't I tell you before that the privatization of Federal Realty Company would be handed over to Dean Securities Investment?"

Su Qishan suddenly realized, "Sorry! I've been busy with other projects and forgot about this."

"How many shares of Federal Real Estate does Dehe Real Estate Company hold?" Luo Qihong waved his hand to show that he didn't care.

"75.8%! Before the disaster, you told me to sell at a high price. I sold about 22%. Now I bought them back. The difference in profit is 7.8 million yuan." Su Qishan reported.

(End of this chapter)