Hong Kong 1980: The Savage Era

Chapter 449 451 [Terrorist Expenditure and Income]

The beginning of April

The tender for Kwai Chung Container Terminal No. 8 has been formally submitted to the Hong Kong government, and the result will not be announced until 5 or 6 pm.

This bid is different from the land bid, which leaves the Hong Kong government with a lot of room for maneuver. The latter focuses on price, and the highest bidder wins.

However, Modern Terminals and Sea-Land Terminals are the most powerful among the many bidders, surpassing the most powerful Hong Kong International Terminals.

However, Li Jiacheng was not a pushover. He knew that the bid price would rise rapidly after Luo Qihong intervened. In order to reduce the pressure on the company, he immediately found several allies, including Sun Hung Kai Properties and Hopewell Group.

Since Modern Terminals is not headed by Luo Qihong and it is difficult to convince the directors, the asking price can only be HK$66.6 billion, which is a big gap from Luo Qihong's bottom line of HK$80 billion.

Luo Qihong was very worried about any accidents. Li Jiacheng's reputation was much better than his. If Li Jiacheng visited those allies privately, it was very likely that the price would be higher.

The strength of both parties is almost the same. Even if the Hong Kong government wants to prevent Hong Kong International Terminals from monopolizing the container terminal business, it will change its mind because of the huge price difference.

After all, the Hong Kong government will change its course in 97, so it is fine to leave these problems to the new government.

This bid is extremely important to Luo Qihong, as it is related to the future bidding for Pier 9 and the development of the Luo family's terminal business.

This is a huge springboard, which may be used to expand into mainland ports in the future. Even if we cannot gain control, the shares we hold can be regarded as a century-old heirloom.

Moreover, there are other foreign container terminals that can be invested in and cooperated with shipping companies, which is simply the benefit of an entire industrial chain.

The sun began to shine obliquely, and Luo Qihong's figure standing in front of the French window became elongated, looking a little lonely.

Jingle Bell! !

The phone rang, the sound was very harsh, but Luo Qihong still hurried over to answer it.

"Hey! Good, it's good that we won the bid. What is the price of Hong Kong International Container Terminals? 63 billion, 3.6 million more, it's a bit dangerous."

Luo Qihong hung up the phone with a smile on his face, and said to himself, "Li Jiacheng is still timid. He knows that there is money to be made at a price of 100 billion, but he doesn't dare to bid a high price."

According to the agreement between the two parties, the sea-land intermodal containers can get 2 berths, which together with the original terminal berths will make a total of 3 berths. It is not a problem to make an annual profit of more than HK$30 billion.

The investment in Pier 8 could be recovered within five years, and billions of dollars could be earned before the millennium. The profit was truly astonishing.

the next morning.

The media started to hype up the issue again, with some newspapers directly using headlines like "Luo Chaoren defeats Li Chaoren again" and "The new Chaoman is even more powerful", putting Luo Qihong at the center of controversy again.

Bai Jinyan held the newspaper and said with a smile, "These reporters are really sharp-tongued. They can turn even the smallest thing into a big deal."

Luo Qihong sneered and said, "I have already tasted their power, otherwise I would not be so polite to them. Although we control the Ming Pao Group, it is still difficult to control public opinion. We can only cool down the news a little."

"People like Li Jiacheng are not afraid, they only think about investing in profitable industries, and they are always victorious." Bai Jinyan said teasingly. In fact, Bai Jinyan wanted to say that Luo Qihong acquired Ming Pao Group to cover up his scandals and his personal image, not because he was afraid of those reporters.

Luo Qihong would naturally not fall into Bai Jinyan's topic trap. "According to the resolution of the sea-land transport container, the 33.3 billion Hong Kong dollars needs to be raised by shareholders. Zhaoan Shipping Company accounts for 55%, a total of 18.3 billion, which is not a small amount."

"What about the construction costs? It will also cost billions." Bai Jinyan asked.

Luo Qihong replied, "The construction costs will be drawn from the company's revenue, and 15 billion will require a bank loan."

"That's good. We have just taken control of the sea-land transport container company. It is not advisable to leave too much money in the account, and we also need to clean out some senior staff." Bai Jinyan said in a deep voice.

The board of directors of Sea-Land Container has just passed the resolution that 'Bai Jinyan was elected as the executive director and deputy general manager'. Now Bai Jinyan is reorganizing the company's internal affairs. Although there are trusted employees of the shipping company who can be transferred, it will take time to familiarize themselves with the position and business.

"There's no need to rush the sea-land transport issue. We can take our time. Those in management know the situation and won't go against us," Luo Qihong said comfortingly.

"That's easy to say. People's hearts are hidden. Who knows if they had problems from the beginning? It is better to conduct a thorough investigation and declare our authority at the same time." Bai Jinyan said grimly.

Bai Jinyan has some experience in running a company and has learned Luo Qihong's domineering style. As long as the sky does not fall, she can handle it, and she has Luo Qihong's support behind her.

"It's up to you, just don't delay the company's business." Luo Qihong waved his hand. He knew that Bai Jinyan must have encountered something.

"The group's expansion is too rapid. First, it invested in the development of land such as Tsuen Wan Plaza, and now it is investing in Kwai Chung Container Terminal No. 8 and International Petroleum. The funds required are as high as HK$130 billion. Should we collect some funds? Or stop some projects?" Bai Jinyan said worriedly.

The Lantian Metro Station project under Zhaoan Real Estate Company has also started construction. The construction cost required is huge. Although banks can provide loans, the interest required is also not small. In order to prevent the interest from swallowing up the profits, Zhaoan Real Estate Company can only mobilize funds from some other projects.

In addition, Zhaoan Real Estate Company absorbed a lot of high-quality properties during the crash in 89, and its debt has reached 57 billion, with a debt ratio of over 50%.

"How about raising funds and issuing shares?" Luo Qihong sighed.

"The group is no longer able to issue shares. If it continues to owe the shares as before, it may attract investigations from the Securities and Futures Commission and the Independent Commission Against Corruption, which is a bit dangerous."

"That's true. Stop some unimportant projects and let the listed companies under it issue an appropriate amount of new shares. At the same time, announce the assets of the listed companies and good investment plans, and try to raise the stock price as much as possible." Luo Qihong said after deep thought.

"Okay, I'll do it right away." Bai Jinyan said.

Luo Qihong still has sufficient personal funds, with nearly HK$70 billion in cash in his account. However, this is the capital he used to buy international crude oil futures and cannot be distributed to Zhaoan Group.

After all, the reason these companies have no money is that they have too many investment projects. If necessary, they can sell assets to raise funds.

You should know that Dehe Real Estate Company distributed HK$16.7 billion in cash to Luo Qihong personally last year, and Dehe Real Estate Company still has a large amount of funds in its account.

With the completion of Fortune Plaza in Central (the king of land on Garden Road) and Central Plaza in Wan Chai, the annual rental income of Dehe Real Estate Company will only become more and more lucrative. It is expected that the rental income will exceed HK$90 billion in the first half of 20.

(End of this chapter)