Hong Kong 1980: The Savage Era

Chapter 46 046 [Spend All in an Instant]

Wu Xingchao sneered, "Economic experts have already said that industrial land was developed too quickly in the past two years. It is normal to make some adjustments now. I think after the Spring Festival, industrial buildings and other properties will start to rise sharply again, and the increase may not be worse than that of commercial buildings and shops in Central."

Luo Qihong retorted with a smile, "Everyone should listen to Brother Xing Chao. If you lose money, someone will cover the loss."

Wu Xingchao couldn't laugh when he heard this. What do you mean by guarantee? This is a personal investment. If I lose money, I'll ask him. If I make money, should I give him half?
"Ah Hong, you are just being argumentative. We are just chatting among relatives. Selling or not is everyone's wish, and I don't benefit from it. But if anyone wants to invest in the stock market, you can come to me. I guarantee you will make money." Wu Xingchao wanted to use this opportunity to attract more customers.

Luo Qihong stopped talking. There were people who lost money in the bull market, but they were very few. If Wu Xingchao made these relatives lose money, Lin Ying would not dare to come to pay New Year's greetings in the future.

Looking up, Lin Ya and Lin Ying were particularly conspicuous in the crowd. The two could be called fighters in the crowd, and their voices were loud and harsh. Luo Qihong could not help but smile bitterly. This was not a New Year's greeting at all, but a "life-showing conference".

The Spring Festival holiday on the 5th passed in a flash, and Luo Qihong spent almost half of these five days on socializing and visiting.

The shop partition project on Cheung Lok Street in Jordan has been completed. Luo Qihong began to look for customers for the two shops. On the sixth and seventh days of the Chinese New Year, quite a few customers came to see the store, but they were not very satisfied with the prices.

At first Luo Qihong was a little anxious, but gradually he calmed down. At worst he could sell off the Hang Lung shares in the stock market and raise funds to pay the balance of 194 million yuan.

On February 2, the eighth day of the Chinese New Year, Li Shouhua, the factory manager of Yinan Industrial Co., Ltd., came to discuss the sale of the tenement building in Yuen Long with Luo Qihong.

Yinan Industrial Co., Ltd. wants to acquire a tenement building in Yuen Long to use as a new employee dormitory because the factory has just moved to Yuen Long and the workers have no place to live. Of course, the company also wants to take the opportunity to invest in real estate.

"Mr. Li, this tenement building is located on Fenglin Road, one of the prosperous areas in Yuen Long District. Even if we collect rent on a normal basis, it is several thousand yuan a month. Moreover, I spent 3 million to acquire it. You offer 240 million. Aren't you asking me to sell it to you at a loss?" Luo Qihong said with a smile.

Li Shouhua calmly retorted, "Mr. Luo, 3 million is indeed too expensive. Yinan Industrial Company purchased this tenement building only to make it a dormitory building, not to speculate on the land and property. We cannot offer this price."

"What your company does is none of my business. Even based on the price of tenement buildings in Yuen Long, HK$240 million is only 8% of the market price. Your company is too insincere. I'm not doing charity." Luo Qihong said sarcastically.

"Our bid is indeed a little low, but the 2% premium that Luo Sheng mentioned is impossible." Li Shouhua pretended to be reluctant and said, "Why not just go with the market price? I'll go back and convince the boss."

This trick is fine for fooling children, Luo Qihong complained in his heart, but smiled on the surface and said, "I will definitely ask for a premium, but I can compromise a little and give a 1% premium."

Li Shouhua fell silent, but his eyes were always focused on Luo Qihong's expression. He didn't think that the young man in front of him was a master of expression management. Seeing Luo Qihong's relaxed expression, he suddenly became confused. Could it be that the purchase price of 3 million was true?

"A 1% premium is still a bit high." Li Shouhua pondered for more than ten seconds and said, "The highest price I can offer is a 322% premium, which is million."

Luo Qihong sighed and said, "Okay, then it's 322 million. To be honest, I only make 6 or 7."

Li Shouhua smiled bitterly and said, "Yuen Long District has just been included in the Hong Kong government's new town plan. If we wait a few years, we may be able to sell it for a good price. It is not a problem to double the current price."

"That's the truth. The city is so prosperous. If it takes several years to double, I can also double it in other places. There is no need to stick to the tenement building in Yuen Long." Luo Qihong said.

It's not that the tenement buildings in Yuen Long don't make money, but the land price in Yuen Long has increased too slowly. In the past month, the land price in Yuen Long has only increased by 3 yuan per square foot, and the property price has increased by about 0.8 yuan per square foot. Fortunately, this tenement building covers an area of ​​12000 square feet and has a construction area of ​​12 square feet. Otherwise, it would be difficult to sell it, after all, Yuen Long was still a remote place at that time.

After receiving the check, Luo Qihong was anxious to cash it and transferred another 120 million yuan into the stock account, allowing Zhang Taotao to purchase shares of China Bus Company again, striving to increase his shareholding to 1%, or 37 shares.

"Mr. Zhang, the buying operation can be faster this time. We need to buy 7 shares before the market closes." Luo Qihong instructed.

Zhang Taotao didn't understand Luo Qihong's intention. Was he worried about the stock price rising? However, the stock price of China Bus Company was sluggish and there was not much increase. It was only 16.6 yuan per share.

However, this did not affect his operation. At around 3 o'clock in the afternoon, Zhang Taotao successfully bought 7 shares.

"The buying action was quite large. The share price of China Bus Company rose to 16.7 yuan." Zhang Taotao reported.

This increase is nothing big, just 1 cent, it won't have any impact.

"Mr. Luo, Sun Hung Kai Properties has already issued an announcement that it will start subscribing for shares in a week. Your 50 new shares will cost 100 million yuan. You should inject the funds into the account earlier so that I can have more time to operate." Zhang Taotao said.

Zhang Taotao has helped Luo Qihong get 5 more shares of Sino Land Company, but Luo Qihong still wants more. "I will transfer another 120 million yuan to my account. Can Mr. Zhang subscribe for another 10 new shares for me?"

Zhang Taotao showed a trace of embarrassment. Considering that Li Wendi was his biggest client, he nodded and said, "I'll give it a try. I may not be able to get 10 new shares."

"Okay, thank you for troubling Mr. Zhang!" Luo Qihong said with a knowing smile.

Subscribing to stocks of these strong companies is a profitable investment. It shouldn't be a problem to double these funds, and there's even the possibility of tripling or quadrupling them.

Then Luo Qihong went to Yiren Real Estate Company and paid the remaining payment of 110 million yuan for the Yuen Long tenement building to Yiren Real Estate.

"How is the registration of the new company going?" Lin Luoqi asked.

"It's been completed. We can start looking for some shops in a couple of days. Dehe Real Estate Company (the new company) has already started recruiting people and has 100 million yuan in its account. How is the operation at Yiren Real Estate Company?" Luo Qihong asked.

"It's going very smoothly! Our two companies will sign the contract in a few days. Yiren Real Estate Company will directly invest 500 million yuan in the project. I think there should be no problem in partitioning three stores at the same time, right?" Lin Luoqi was a little greedy.

"It's not a big problem." Luo Qihong nodded gently, "Then I have to hurry and find a suitable shop."

"We still need more funds for the pre-sale projects. A mere few million cannot leverage a project worth tens of millions. There is a property that is looking for a buyer, but many real estate developers are reluctant to enter the market." Lin Luoqi said with a frown.

"What's the problem? Bad location? Bad feng shui?" Luo Qihong couldn't think of any big problem that even the real estate developers were afraid to move forward.

(End of this chapter)