Hong Kong 1980: The Savage Era

Chapter 473 475 [Unwilling to be Lonely]

Hu Xian acted quickly. She signed the contract with Luo Qihong, and after receiving the money, she immediately went to the three major banks to resolve the debt relationship.

The three major banks were naturally happy to see this happen. After all, banks only wanted to collect huge interest and did not want to bear the operating risks for the companies, just like the Hutchison Group (the predecessor of Hutchison Whampoa) and HSBC.

The two executive directors who conspired with the three major banks to seize power were dumbfounded. Their fate could be imagined if Hu Xian made a comeback. However, the current economic situation is very good, and they will not have trouble finding a job. They just have to change industries.

Such news could not be concealed from the ubiquitous reporters, especially Hu Xian, who did not want to hide it and wanted to take advantage of the opportunity to create momentum and increase the share price of Sing Tao Group.

Then everyone in Hong Kong knew that Hu Xian and Luo Qihong were working together again, and Luo Qihong became a director of Sing Tao Group.

With Luo Qihong joining, the debts owed by Sing Tao Group would naturally not lead to bankruptcy, so the stock price began to soar on the same day, rising by 3% in just one morning.

Although the stock price is far from its peak period, the momentum is good and it looks prosperous.

Hu Xian was also a resourceful person. He understood that it would be difficult to pay off the debts by relying on the group's profits, so he hired De'an Securities Investment Company as its spokesperson and prepared to raise funds and issue shares at the right time to clear the group's debts.

"Hu Xian is still quite capable, but her personal debts are not so easy to repay." Luo Qihong smiled cunningly.

The better the Sing Tao Group is, the less time and energy he will have to spend in the future.

"If Hu Xian admits defeat and disposes of the overseas property assets, wouldn't all our efforts be in vain?" Bai Jinyan asked thoughtfully.

Luo Qihong smiled, found a document from the pile of documents on the desk, and handed it to Bai Jinyan, "Take a look at this."

Bai Jinyan took it with doubt and started reading it. "Are the losses on overseas properties so serious? Fortunately, our investment is not that large, otherwise we would have suffered heavy losses."

Luo Qihong said, "We are different from Hu Xian. She bought the property with a loan, but we have idle funds and can wait for property prices to rise. However, overseas properties are somewhat different from those in Hong Kong."

"A few years ago, an American magazine conducted a survey and found that Hong Kong has the highest return on investment in the world. I think this conclusion still holds true today. The fastest growing sectors in Hong Kong are real estate and the Hang Seng Index, so we still have to base ourselves in Hong Kong."

"Yes, that's the truth." Bai Jinyan also remembered that investigation, which brought a large amount of overseas investment to Hong Kong.

Although overseas property investment has always been bad, it also varies by region. For example, Australian real estate is not worth it, but in the end it is something valuable and you can buy at the bottom.

For a company like the Benda Group, having such a high proportion of real estate in Australia is a problem.

In fact, nothing is eternal. Even hard currency like gold can shrink. When doing business, we must always be vigilant and cannot always use analogies.

Luo Qihong knew very well that Hu Xian would not be able to hold on for long. In a year at most, he would return to his original position, and his situation would even be worse than before.

If Luo Qihong were in Hu Xian's position, he would slowly sell off his overseas businesses, invest the recovered funds in the current hot stock market, make a quick profit, and gradually solve the debt problem.

Of course, the premise for doing this is that God blesses us and Hong Kong’s stock market remains hot and will not show a downward trend.

However, even if it falls, compared with resisting hard, it is only the difference between a quick death and a slow death, but you can still take a gamble and there is some hope.

Hu Xian was not the only one who was unwilling to be lonely. After Luo Qixing lost the management rights of Shengyun Real Estate Company, he secretly established his own real estate company and joined the real estate speculation team with the help of his previous interpersonal relationships.

The funds on hand naturally came from bank loans. Now the debts are piling up, and if one is not careful the ship will be destroyed and people will die. However, Luo Qixing is unaware of this and is addicted to the high profits from real estate speculation.

Luo family villa in Deep Water Bay.

On the glass table in the back garden, there is a pot of tea, a few cups and exquisite fruits. Not far away, a gardener is tending to the flowers and plants. After retiring, Luo Zegui bought a lot of flowers and plants from outside and took care of them when he was free. But now he is obsessed with fishing and has no time to take care of them, so he handed them over to Kao to take care of.

Some of these flowers and plants are quite valuable, such as French orchids, which are worth hundreds of thousands.

Luo Qihong couldn't understand why his originally poor father had become so generous and extravagant, but these things did not affect the amount of wealth of the Luo family, so he didn't say anything.

"Ahhong, this is my new business card." Luo Qixing took out a black card and handed it to Luo Qihong with a smile.

XINGCHENG REAL ESTATE LIMITED!

This is Luo Qixing’s newly opened real estate company.

The current scale is very small, with only 5 or 6 people, but the assets under its control have exceeded million, most of which are shops near Canton Road in Tsim Sha Tsui.

The value of these properties can be described as rising by the day, only slightly less than the price of shops in Causeway Bay.

Luo Qihong, who is well aware of the economic development of Hong Kong, is aware of the potential of these shops, but he can't help but worry about Luo Qixing's madness. Others are crazy with enough ability, but Luo Qixing is crazy without ability.

If something happens in the future, Shengyun Real Estate Company will inevitably be implicated.

Listening to Luo Qixing's chattering, Luo Qihong quickly understood Luo Qixing's investment ideas and imitated Chen Songqing's rise model, but Luo Qixing lacked the way of raising funds and issuing shares through listed companies.

"Brother, don't be too greedy. It's right to stop at the right time." Luo Qihong put the business card on the table with an extremely serious expression.

Luo Qixing smiled and said, "The market is booming right now. If I stop, I will suffer a huge loss. According to my plan, I will build a new Shengyun Real Estate Company within 2 to 3 years. Then I will be the boss of a real listed company."

Luo Qixing's move was undoubtedly intended to tell Luo Qihong that he was also a man of outstanding abilities, and not a waste who relied on his brother to get to the top.

"Since my eldest brother is so capable, I will transfer the shares of Shengyun Real Estate Company under his name to my parents, and also this villa." Luo Qihong is already making plans for the future.

Luo Qixing narrowed his eyes and asked, "Do you think I will lose?"

Luo Qihong smiled and said, "There are few generals who always win. Who can guarantee that they will never lose? Hong Kong is not short of talented people, but they have become passers-by in history, such as Chen Songqing of the once-prominent Jianing Group."

"Brother, do you think you are better than those people? So I advise you not to be greedy."

Luo Qixing frowned immediately. He was not arrogant enough to think that he was as good as Chen Songqing.

Even if people in Hong Kong use Chen Songqing as an educational counterexample, it does not prevent them from wanting to become the second Chen Songqing. There are not many companies that can be compared with HSBC, the largest Hong Kong conglomerate.

Although Chen Songqing failed, he still left a lot of "clean" assets to his family, and now his children are enjoying these wealth.

"Continuously borrowing money to buy properties may seem like your assets are increasing, but in fact it's like putting a rope around your neck, which gets tighter and tighter, and finally... Humph. Big brother, it's better for you to choose a balance point, stop, deal with your assets, and don't let the interest swallow up all the rent." Luo Qihong advised again.

After saying this, Luo Qihong left the garden, leaving Luo Qixing in deep thought.

As for what Luo Qixing will do, that is Luo Qixing's own business. What he has to do is to divest all other family assets and wait for Luo Qixing's building to collapse.

(End of this chapter)