Hong Kong 1980: The Savage Era

Chapter 432 434 [Terrifying Size]

Bai Jinyan put down his coffee cup and asked Su Qishan, "Can this difference in profit be used to continue purchasing 22% of the shares?"

Su Qishan replied, "Madam, you are a securities expert. You should know that the higher the acquisition, the more funds will be needed. The 7.8 million yuan profit can only buy 19% of the shares at most."

Bai Jinyan nodded. "In your opinion, how many more shares can we acquire before launching privatization?"

This was an obvious investigation. Su Qishan also sensed Bai Jinyan's hostility. Although he didn't know why, he knew it was related to his boss Luo Qihong.

"About 5%, and the total shareholding is around 81%. Once privatization is initiated, it will cost 8.1 million yuan. After deducting the profit of 7.8 million yuan, 2.1 million yuan will be required," said Su Qishan.

Bang bang! !
Applause broke out, and the person who clapped was naturally Luo Qihong who was trying to smooth things over.

"I've already said that Qishan is fully qualified to be the general manager of Dehe Real Estate Company. He is not just an ordinary person." Luo Qihong laughed, "My husband and I are going to add more responsibilities to you and let you do more work."

Su Qishan said respectfully, "Thank you, boss and boss lady! I will definitely do my job well."

Only at this time did Su Qishan let down his guard a little. Of course, he did not think the matter was so simple and believed that there was something hidden.

"The privatization of Federal Realty must be done as soon as possible. The stock market crash may not last too long. Once the economy recovers, the cost of privatizing Federal Realty will increase rapidly." Luo Qihong reminded seriously.

In his opinion, all kinds of conspiracies and intrigues cannot interfere with important matters. If anyone hinders the development of the company and the family, even Bai Jinyan will be punished.

Now is the late stage of the trend. As the helmsman, he must control the direction and speed of progress and must not miss the opportunity.

"Yes! I will buy back the 5% of shares as soon as possible and then announce the privatization plan." Su Qishan immediately stated.

"I'll give you a week. Announce the privatization plan after a week." Luo Qihong gave the final deadline.

The three of them then discussed the privatization plan, and more than two hours later Su Qishan left De'an Securities Investment Company.

The setting sun shines through the huge floor-to-ceiling windows, and the human figures become elongated.

Today, Luo Qihong was feeling a little nervous as he waited for the bidding result for the Garden Road land in Central.

"Boss, the bidding has a result. Our proposal won the bid, which is 28.88 million yuan higher than the second place, Eagle Properties' 2.11 billion yuan." Chen Zhilong pushed the door open and reported excitedly.

Hearing the result, Luo Qihong was relieved and said, "I understand. Pay the money as soon as possible and get the land king."

“This land is to be used to build two Grade A commercial buildings and a small shopping mall, with a floor area of ​​more than 165 million square feet.”

"Yes, I understand."

"We will invite an architectural design company to design the commercial building and shopping mall on this land, and the specific construction will be handed over to Baohua Construction Company." Luo Qihong made the decision.

When it comes to commercial building design, Baohua Construction Company is still not as good as those well-known foreign design companies. This is a huge project and cannot be left to Baohua Construction alone.

Then, Cheng Jianshen and Kang Wenyi also walked in.

Cheng Jianshen said, "Boss, the real estate economy is in a downturn now. If we apply for a bank loan, I'm afraid it will be quite difficult. Can we wait until the market is better before developing?"

Luo Qihong turned around and said, "No! We need to build the commercial building as soon as possible. The rent on Central Bank Street has been very good in recent years. If it is completed sooner, we can get our investment back as soon as possible." "If it is delayed like this, it will be disadvantageous to us. You have to overcome the difficulties and divert funds from other projects. Or let Dehe Real Estate Company provide the funds first, and Zhaoan Real Estate will return the principal and interest to Dehe Real Estate Company later."

"Okay, then I'll go discuss it with Director Su." Cheng Jianshen said.

The land is owned by Zhaoan Real Estate Company with a 2% interest, while Dehe Real Estate Company holds an 8% interest.

Luo Qihong did a quick calculation in his mind and found that the rental area of ​​Dehe Real Estate Company in Central would be 8 million square feet, surpassing that of Hutchison Whampoa. However, the overall quality of rental collection was not as good as that of Hutchison Whampoa, and the rent would still be lower than that of Hutchison Whampoa.

By 91, all the sites developed by Dehe Real Estate Company were completed, and the annual rental income would exceed HK$40 billion, bringing huge profits to the Luo Qihong family.

Siu On Real Estate Company was held by De'an Securities Investment Company with a stake of more than 60%. Its turnover in 88 was HK$32 billion, and its profit margin was only 38%, or HK$12.16 billion, and it took out HK$8 million for dividends.

The properties of Siu On Real Estate Company are distributed in a relatively reasonable manner, with a large number of properties for rent in Central, Wan Chai, Tsim Sha Tsui and Causeway Bay. It has also made amazing progress in residential development, selling more than 88 million square feet of residential buildings in 300 alone.

Zhaoan Real Estate Company also has a seat on the list of Hong Kong's top ten real estate companies. Although it is ranked quite low, it shows how powerful the Luo Qihong family is.

Because Zhaoan Real Estate Company is only Luo Qihong's listed flagship company in the real estate sector, and is not even as good as Dehe Real Estate Company.

The Luo Qihong family's businesses in gas energy, trade department stores and securities investment have all achieved very successful returns, which are even better than the other four major families in Hong Kong.

The consortium formed by Zhaoan Real Estate Company and Dehe Real Estate Company won the bid for the Garden Road land king, causing a huge sensation.

Although the outside world was not clear about how the rights to the land were distributed, the reporters believed that Luo Qihong's private company would account for the majority of the rights. Therefore, the reporters combined the privatization of Federal Realty Company and used full-page publicity to promote the wealth of Luo Qihong's family.

Oriental Daily's front page headline 'Replacing Hong Kong Land - Central's new landlord!!'

Sing Tao Daily reported extensively on the assets held by Federal Realty Corporation, saying that the value of Federal Realty Corporation's assets is 5 to 6 times the current market value.

Unfortunately, Dehe Real Estate Company successfully increased its shareholding to more than 2% through a cash transaction at a 95% premium, which can be regarded as a successful privatization of Federal Real Estate Company.

Even if minority shareholders want to block it, Dehe Real Estate Company can apply for the compulsory revocation of its listing license, allowing Federal Real Estate Company to be delisted smoothly and become a wholly-owned subsidiary of Dehe Real Estate Company.

"Boss, we have successfully privatized Federal Real Estate. The asset value of Dehe Real Estate has exceeded HK$350 billion. Once the local market recovers, there will be no problem in exceeding HK$500 billion." Su Qishan reported excitedly.

"Yes!" Luo Qihong nodded. "Dehe Real Estate Company's major projects in Hong Kong are basically completed. There will be no major moves in the future. We will mainly focus on collecting rent from our current assets."

"If you have any ideas, you can tell me now."

Su Qishan thought about it for a moment before he understood what Luo Qihong meant.

"Does the boss want me to transfer out of Dehe Real Estate Company?"

Luo Qihong smiled and said, "Whether you want to transfer or not depends on your own wishes. I have many companies under my umbrella, including shipping, gas energy, trade, media, investment, and some overseas industries. You can choose whatever you want."

"What I mean is that Dehe Real Estate Company has already taken shape. If you want to go further, you have to change the stage. Of course, if you don't want to leave the company where you have worked for many years, you can stay and continue to be responsible for your original work."

(End of this chapter)