Hong Kong 1980: The Savage Era

Chapter 439 441 [Great Cooperation]

After Luo Qihong calmed down, he asked, "What actions have the Commercial Investigation Department taken?"

Bai Jinyan replied, "The Commercial Investigation Division has already reported the case. After consultation between departments, they are preparing to arrest Wong Yuk-lang, the mastermind behind the incident. I believe the matter will be clarified soon."

Luo Qihong thought for a moment, "The Commercial Investigation Department has fallen into Wong Yuk-long's trap. If this matter is not handled publicly, the outside world will say that the Hong Kong government departments are working together, using power and financial resources to oppress Wong Yuk-long. In the end, under pressure from public opinion, Wong Yuk-long may even get rid of the accusation against him by the Commercial Investigation Department."

Hearing this, Bai Jinyan was shocked. It seemed to be true. In the eyes of the citizens, the Hong Kong government and the Luo family were powerful forces, and Wong Yuk-long was the absolutely weaker party. If a protest march was launched, it would be hard to say that the Hong Kong government would not make concessions.

"Let the legal team file a lawsuit against Wong Yuk-long for defamation and rumor-mongering," Luo Qihong ordered.

"Then should we notify the Commercial Investigation Department? To prevent them from doing anything bad." Bai Jinyan asked.

Luo Qihong waved his hand, "No need, let them do whatever they like."

"Wong Yuk-lang thought that if he made things worse, he would have a chance of survival. I want to let him know that if I break up with him, he will not have a good life either."

Bai Jinyan swallowed hard. It was the first time she saw Luo Qihong who didn't care about his face. Huang Yulang's fate was already doomed.

"Also, I will have Ming Pao Group and Fujia Newspapers attack this matter and make all of Wong Yuk-lang's crimes public, including all the things that have been found out about the Yuk-lang International Group. I wonder how Wong Yuk-lang will handle this?"

After entering the 90s, the international shipping industry began to experience unusual fluctuations, which seemed to indicate a recovery.

Since 82, the shipping industry has been in a downturn for 7 or 8 years. The current recovery has made many shipping companies speculate and worry, wondering whether it will really recover.

Luo Qihong came to United Enterprises, a shipping listed company controlled by Zhaoan Group. According to his expectations, United Enterprises would also be privatized.

Now is the time to privatize, which can reduce losses and be done at a low cost.

The market value of United Enterprises is only HK$2.6 million, but it owns 18 container ships with a total tonnage of up to 70 tons.

Once the shipping industry recovers, this will be the sharpest weapon to occupy the market.

You should know that in the 70s, Pao Yue-Kong became the richest Chinese in the world with a net worth of tens of billions of dollars thanks to the shipping industry. The shipping industry was also known as a cash cow at its peak.

Therefore, Luo Qihong was happy to spend 2.6 million to privatize the joint venture and strengthen Zhaoan Group's strength in the shipping industry.

Including the tonnage of ships of companies such as Xiangjiang Shipping, Zhaoan Shipping Company will actually own ships of nearly 150 million tons and quickly occupy the shipping market.

"Ah Hong, your vision is really good. Shipping is really going to pick up, and Wheelock Shipping Company is going to be revived." Cheng Yutong laughed. The vision of the young man in front of him was sharper than his.

Today, New World Development is managed by Cheng Ka-chun. Except for major matters, Cheng Yu-tung generally does not appear in New World Development and Henderson Land Development and is in a semi-retired state.

"The previous shipping market was so strange. It has been sluggish for so many years. Only you, Ah Hong, could guess it so accurately." Zheng Jiachun echoed.

Luo Qihong smiled and said, "It's just luck. I've collected enough information and can always guess a rough time."

"The international shipping market is huge, and most shipowners are on the verge of bankruptcy. Only a few of us have taken the lead in the entire industry. I have asked Wheelock Shipping Company to order ships in Japan and purchase second-hand ships." Zheng Jiachun said with high spirits.

"Zhao'an Shipping Company has also begun to take action. It not only orders ships, but also goes to major companies to sign shipping contracts." Luo Qihong said seriously.

"The current shipping costs are not high, don't you plan to wait?" Zheng Jiachun asked again.

"Brother Chun, you are too patient. I want to occupy the market first. Shipping costs are low. Can we negotiate the content and time of the contract?" Luo Qihong said with a smile, "We have been losing money on the maintenance of the ships for several years. If we don't make some money now, it will be difficult to make a living."

"Yeah, that makes sense. Then I'll follow you, the market is so big anyway, you can't take it all by yourself." Zheng Jiachun nodded. Although many shipowners have gone bankrupt, there are still some people who have seen through the mystery, such as the Cao Wenjin family, one of the five major shipowners in Hong Kong, so there are still many people competing for the shipping market.

For example, the Huaguang Shipping Company, which had bet on the recovery of the shipping industry in 86, was saved even though the Zhao Congyan family sold off their assets, but it lost most of its strength.

If Huaguang Shipping Company wants to return to its peak, it will naturally face many difficulties, but occupying some markets will be easy to do, after all, the original network of contacts is still there.

"Yes, the market is too big. If I try to swallow it all, I will choke to death." Luo Qihong smiled.

"I heard that Siu On Real Estate Company is making every effort to develop commercial real estate in Tsuen Wan. I wonder if there is still a chance for New World Development to acquire a stake in it?" Zheng Jiachun asked with a slight smile.

Zheng Jiachun is not his father Zheng Yutong. He will definitely take action when he sees the opportunity. Judging from the fact that Sun Hung Kai Properties and Siu On Properties are competing for the land in Tsuen Wan, this project will be very profitable.

"20%, how about it?" Luo Qihong thought about it and decided to give more to New World.

Because Luo Qihong felt that if Zheng Jiachun continued to do things in this way, something bad would happen again. If Cheng Yutong came out personally to clean up the situation again, he might be able to acquire more high-quality properties, such as the Convention and Exhibition Plaza in Wan Chai.

"Okay, thank you." Zheng Jiachun showed a satisfied smile. Getting one-fifth was indeed more than he expected.

"Brother Chun, this project is huge. Even if it's just 20% of the equity, it will require to million yuan. New World Development must prepare the funds," Luo Qihong reminded.

Zheng Jiachun raised his arm and said, "Don't worry, I will have people prepare it as soon as possible and will not delay the progress of the project."

"Ah Hong, Ah Chun is preparing to enter the overseas market, do you want to join us?" Cheng Yutong suddenly spoke.

Luo Qihong nodded and asked, "Which country?"

"Canada and the Philippines," Cheng Yu-tung replied.

"Forget it, I won't follow. Actually, I have an energy company in Canada. As for the Philippines, I am not very optimistic about this country. I am optimistic about Australia now." Luo Qihong said bluntly.

As I just said, the market is huge, and adding another person in will allow us to rely on each other, which is beneficial.

"Are you optimistic about Australia's mining, livestock and wine industries?" Zheng Jiachun said.

"Yes, that's right. My family company has already taken action on the wine and mining companies. Uncle Tong and Brother Chun, you can consider it. The mining company can take care of the shipping company. This is a business that kills two birds with one stone." Luo Qihong said.

"Ah Hong, do you want the two families to join forces?" Cheng Yutong suggested.

Cheng Yutong naturally wanted to strengthen his ties with Luo Qihong. First, Luo Qihong's investment skills were very powerful and he could often make a lot of money. Second, Cheng Jiachun was too unstable in his work. It had already been agreed that the business would be handed over to his son, and he could not easily stop it, as this would be detrimental to Zheng Jiachun's growth.

Therefore, he wanted to use Luo Qihong to correct some of Zheng Jiachun's ways of doing things.

"Okay, then we'll set up a company, but I want to keep a low profile." Luo Qihong explained, "People outside have been checking how much my family assets are. I don't want my wealth to be exposed, so as not to attract unnecessary trouble."

"Ah Hong, what are you afraid of? You have so many bodyguards around you, even the big circle guys can't get close to you." Zheng Jiachun didn't think this was a legitimate reason. After all, he wanted to clear his name to the outside world.

"Brother Chun, it's better to be safe than sorry. Money can be earned slowly. There's no need to be so anxious." Luo Qihong said.

"Ah Chun, what Ah Hong said makes sense. You should also be careful. There have been many kidnapping cases in recent years, and no one knows if it will happen to you." Cheng Yutong admonished.

Zheng Jiachun immediately put away his joking attitude and said, "Okay, Dad! I will take it seriously."

(End of this chapter)