Hong Kong 1980: The Savage Era

Chapter 471 473 [Divide for Charity]

Luo Qihong's purpose is very simple. The Li Zhaoji family will exist in Hong Kong for decades, and the Hong Kong Electric Company will also be firmly controlled by his family. He can be assured of being the second largest shareholder, and the annual dividends and stock appreciation will be good profits.

Moreover, as long as the electric light company grows and its momentum continues to improve, you can make huge profits just like investing in U.S. stocks.

"This suggestion is good, but excessive investment will affect the company's future operations. No one can predict whether the business will make a profit or a loss. Moreover, the investment return cycle is too long, and it will be difficult to explain to the majority of shareholders." Li Jiacheng said in a calm tone.

Luo Qihong suspected that Li Jiacheng was still coveting the electric light company and restricting its development, while entering the electricity market from other directions.

"Mr. Jiacheng is right! Who can guarantee that a business will definitely make money?"

"I think what Luo Sheng said about transmitting excess electricity to the mainland is possible. After all, the company mainly uses oil to generate electricity. However, the price is a bit difficult to negotiate. We can't let the electricity bills in the two places be different."

Just like that, Luo Qihong's proposal was rejected by Li Jiacheng. Of course, Luo Qihong didn't care. Any result would be beneficial to him anyway.

Li Zhaoji's eyes flashed with a gleam of light. "How about this? The company will invest 1% and be responsible for the construction of the mainland power plant. The rest will be taken care of by my family. If you are worried about losses, then I promise that if there are any losses, I will be responsible for them all. How do you think?"

The directors looked at each other in bewilderment. Such a small investment would not cause any losses. If they disagreed, it would offend Li Zhaoji and it would be difficult for them to discuss business in the future.

Li Jiacheng still had a faint smile on his face and did not object again.

"Chairman Li has done this much, I agree." Luo Qihong was the first to raise his hand.

Li Jiacheng also raised his hand and said, "I agree."

The other directors could only raise their hands and agree reluctantly.

After the meeting, Luo Qihong, Li Zhaoji and Li Jiacheng gathered in the office.

"Chairman Li, I would like to participate in the mainland power plant project mentioned just now. Am I welcome?" Luo Qihong asked bluntly.

This is a long-term investment, the returns will be absolutely staggering, if you don't act now, when will you act?

"Okay, no problem. But the mainland government has always been strong and will definitely hold more than 50% of the shares, so I can only give you 10%." Li Zhaoji said seriously.

"OK! Thank you, Chairman Li." Luo Qihong drank up the tea and got the benefits that satisfied him.

This proportion may seem small, but it is actually the greatest sincerity, after all, they can only get 49%.

It seems that Li Jiacheng also wants to get the rights and interests, otherwise he would have left long ago.

"If there is a lack of funds, I also want to have a 10% stake." Li Jiacheng finally spoke.

At this time, the relationship between Li Zhaoji and Li Jiacheng was still good. The opposition just now was just a minor episode and was not taken to heart.

"No problem!" Li Zhaoji replied.

In this way, the Li Zhaoji family can hold about 19% of the equity, which is a good proportion.

Luo Qihong smiled slightly and thought to himself, "Li Jiacheng is really treacherous. For the benefit of the power plant, he turned around and sold all the directors. I still haven't learned enough."

Li Jiacheng didn't know what Luo Qihong was thinking, but he could guess a little, but he would not feel ashamed.

Because the business world is always like this, if you give up your rights to others, you will lose them. As Chinese, they all have great confidence in the mainland, especially in several special economic zones in Guangdong Province, and energy will be a key investment project.

Luo Qihong has already begun to enter the mainland market, especially the real estate and gas industries.

In order to ensure the continuity of interests, he still cooperated with the governments of Guangzhou and Shenzhen. China Gas Company only held 45% of the shares. China Gas Company operated the new company in the first 15 years and then returned it to the government.

Seeing such great sincerity, the governments of the two cities quickly agreed, and the other procedures were also handled quite quickly.

Today’s gas company is already operational, mainly supplying bottled gas, but pipeline operations will take some time.

Early July.

Luo Qihong and his wife Bai Jinyan went north to Yanjing, first visited the two top universities, and donated 5 million Hong Kong dollars to the two schools to build top engineering laboratories, and then climbed the Great Wall and other attractions.
Luo Qihong's trip was not to make a donation and show his face, but to discuss cooperation with the Z government in developing advanced technology projects such as chips. Although it is a money-burning project at present and there is no profit at all, he still wants to prepare in advance.

He couldn't stay in Yanjing all the time, so he just discussed the general idea and the team would be responsible for negotiating the rest.

After leaving Yanjing, the two appeared in Shanghai again and acquired a large piece of land in Pudong New Area in front of everyone's astonished eyes. They planned to build a series of industrial parks here, with industries including wireless phones, video recorders and other relatively high-tech things.

In fact, Luo Qihong wanted to build a financial center property here, but unfortunately the Magic City had not yet developed at that time, and talking about this was tantamount to wishful thinking, so he could only change his mind.

The news that Hong Kong's richest man is investing heavily in the mainland naturally appeared on the front page of the official media's newspapers. On the one hand, it encourages more Hong Kong businessmen to invest in the mainland, and on the other hand, it gives everyone confidence that the mainland's economy is about to take off.

The third stop was Tianfu Province. Luo Qihong immediately proposed to donate 300 primary and secondary schools, with an estimated donation of 1 million Hong Kong dollars. However, Luo Qihong required that no less than 50 of them should be girls' primary and secondary schools, and these 50 primary and secondary schools should implement free education.

If there is a lack of funds, the couple is willing to donate HK$5 million each year to free primary and secondary schools for girls, hoping to give these girls a completely new path in life.

Luo Qihong even told the officials that this was his wife Bai Jinyan's suggestion, and he hoped that these girls could get out of the mountains.

Eventually, the couple returned to Guangdong Province, and they spent a lot of money there, announcing that they would build no less than eight factories in Yangcheng and Shenzhen, mainly producing garments, food and beverages, small household appliances, etc.

Luo Qihong naturally looked down on the returns these investments would bring him. He had a long-term vision and had already seen that ten years later, these plots of land would bring unimaginable profits to the group and the family.

However, these investments have indeed brought benefits to the mainland. First, jobs, second, GDP, and third, the potential for technological development.

Another purpose is to take a path different from Li Jiacheng.

He wanted to carve out a path in industrial manufacturing. Even if he couldn't make money, he could at least win a good reputation. Instead of spending money on publicity, it would be better to spend some time laying an ambush.

During this inspection trip to the mainland, Luo Qihong's family and its group companies spent no less than 6 million Hong Kong dollars, including donated funds.

Of course, this amount of money is just a drop in the bucket for Luo Qihong, but it did win him a good reputation.

With these preparations, Luo Qihong's family does charity work in the mainland every year.

After returning to Hong Kong, some people made a big fuss about what Luo Qihong had done in the mainland, hyping up that Luo Qihong did charity work in the mainland, but had never done any good things in Hong Kong.

This is a disguised way of saying that Luo Qihong makes money from Hong Kong people and then uses it to please mainlanders.

Luo Qihong naturally would not allow the situation to develop further, so he published all the charity projects he had done in Hong Kong in the past in his own newspaper, including building nursing homes for the elderly and widowed, funding the education of talented children from the lower classes, etc.

(End of this chapter)