Hong Kong 1980: The Savage Era

Chapter 51 [Enter the Contest]

North Point Wo Hung Properties
Luo Qihong didn't expect Lin Luoxun to come to him so early. To exaggerate a little, some shops were not even open yet.

"Mr. Lin, why are you here to see me so early?" Luo Qihong asked with a smile. It was easy to guess Lin Luoxun's purpose, it was nothing more than the acquisition of Jide Real Estate Company.

"I have some questions and would like to ask Luo Sheng." Lin Luoxun leaned against the car door and watched Luo Qihong open the door.

Luo Qihong laughed and said, "Mr. Lin, to be honest, you and I are not friends, so I have no obligation to answer your questions."

Lin Luoxun was not surprised by Luo Qihong's answer. Luo Qihong was quite capable and would make some achievements given some time. The Lin family could make things difficult for Luo Qihong for a while but not forever, so Luo Qihong would not always be concerned about the Lin family. Now he had already begun to see signs of this.

"Luo Sheng is right! But one less enemy, one more friend. I think Luo Sheng will still consider it, right?" Lin Luoxun said tentatively. "Luo Sheng wants to make money, which is a natural thing. There is nothing wrong with making money and contributing to the Lin family at the same time."

"Mr. Lin, are you talking about the agency for residential buildings? Am I violating some of the Lin family's principles of doing things by making money in this way? Rocky never told me that the Lin family has such a strange rule that does not allow making money within the rules." Luo Qihong stubbornly played dumb, but he also gave Lin Luoxun a flaw.

That was a few seconds before he responded to Lin Luoxun. Luo Qihong thought about it, and Lin Luoxun's eyes were always on Luo Qihong's face, so he must have noticed it.

"Of course there is no such rule. Does Mr. Luo know Jide Real Estate Co., Ltd.?" Lin Luoxun looked at Luo Qihong meaningfully.

"Never heard of it!" Luo Qihong shook his head without hesitation, obviously having made sufficient mental preparations.

"Thank you Luo Sheng for your answer!" Lin Luoxun said, sat back in the driver's seat, and drove away.

Luo Qihong looked at the car going away, and couldn't help but smile, "It's time to notify Liang Botao to grab the shares."

Lin Luoxun's attempt was nothing more than to make Luo Qihong lose his composure, so that he could be sure of the safety of the matter and handle it better.

After the call was connected, Luo Qihong said into the microphone, "Mr. Liang, this is Luo Qihong! When the market opens, please buy the shares of Jide Real Estate Company immediately. It should be as if you are rushing to buy shares."

"Luo Sheng, don't worry! I know what to do."

On the other side, Lin Luoxun was driving a Mercedes-Benz. His face did not show the joy he had when he left. Instead, he looked very serious. "No matter if it's true or not, we must stop them."

After returning to Haofeng Real Estate, Lin Luoxun also called his agent and entered the market as planned.

More than an hour later, the stock market opened, and Liang Botao bought a large number of shares of Jide Real Estate Company as soon as he entered the market. At first, there were many scattered shares, and even with the large-scale acquisition, the stock price did not rise.

However, when it was close to 10 o'clock, the other party was also buying stocks, and a scramble for shares suddenly occurred. Some sensitive investors immediately realized that there were two forces competing to absorb the shares of Jide Real Estate Company.

As a result, a small number of investors immediately joined in the rush to buy shares, and the stock price began to increase from 0.6 yuan to 0.8 yuan.

There have always been many followers in stock trading, but few rational people, otherwise where would so many "leeks" come from?

At 11:18 noon, Liang Botao rushed into the small reception room and said, "Mr. Luo, your funds are almost exhausted. Do you want to add more funds?"

What Luo Qihong was worried about finally happened. Now he can only mobilize funds and cannot retreat.

So Luo Qihong took out the check he had prepared in advance and handed it to Liang Botao, "Mr. Liang, this is a check for 3 million. Please help me exchange it."

After receiving the check, Liang Botao immediately left the reception room. The situation had reached a fever pitch. By noon, when the stock market closed, the share price of Jide Real Estate Company had climbed to 12 yuan, and Luo Qihong's party held 1 million shares of Jide Real Estate Company, accounting for 663% of the total share capital.

Lin Luoxun purchased 356.7 million shares, accounting for 8.7% of the total share capital, nearly double that of Luo Qihong.

As for the board of directors of Jide Real Estate Company, it has not yet responded and seems not to care much about the company's shares being snapped up.

In the afternoon, the stock market opened. There were not many scattered shares of Jide Real Estate in the market, and the stock price began to rise sharply. Even though Liang Botao listed the stock for acquisition at 1.3 yuan, not many shares were released.

"Mr. Liang, the purchase price is listed at 1.5 yuan! If no one is willing to sell the stocks, we will start to sell them in small quantities, provided that we do not alarm other shareholders, especially our competitors." Luo Qihong was a little anxious. He was worried that Lin Luoxun would contact the shareholders of Jide Real Estate Company soon.

He didn't really want to compete with Lin Luoxun for control of Jide Real Estate Company, otherwise the large number of industrial properties would be enough to give him a headache.

Liang Botao also felt that it was about enough. Since he held a large number of shares and could not sell them all at once, releasing a moderate amount now would actually help achieve his goal.

"Okay! I'll arrange the sale of a small amount of stocks." Liang Botao received the order and left the meeting room again.

With a selling price of 1.5 yuan, Luo Qihong can earn 0.9 yuan per share (12% of the shares were bought at 0.6 yuan), and this is temporary, the stock price can still rise.

Not long after, Lin Luoxun's side listed the stock at 1.8 yuan per share. Luo Qihong arranged for Liang Botao to sell 50 shares to Lin Luoxun in dozens of accounts, and recovered 90 yuan in funds.

Combined with some stocks sold previously, the company recovered approximately RMB 120 million, and its shareholdings were reduced to 593 million shares, accounting for 14.5% of the total share capital.

"Mr. Luo, I have received news that someone wants to contact the major shareholder of Jide Real Estate Company. It should be that the opponent wants to take the opportunity to acquire enough shares." Liang Botao reported.

Luo Qihong smiled and said, "Since they have contacted us, let's contact them too. Please help arrange it. Let's go meet the major shareholder of Jide Real Estate."

"Okay!" Liang Botao continued, "The current stock market is a bit strange. I suggest not to sell it yet. Wait until it stabilizes and then decide based on the situation."

"Mr. Liang, I now authorize you to handle the sale of these stocks. If you feel it is necessary, you don't need to come and ask me." Luo Qihong said seriously.

"Thank you for your trust, Mr. Luo!" Liang Botao nodded and responded, "We have now sold nearly 100 million shares, recovered 177 million yuan in funds, and reduced our shareholding to about 13.73%."

In fact, Luo Qihong initially held 663 million shares, which cost him approximately 442 million yuan. Now he has recovered 177 million yuan, but still has a cost of 265 million yuan. He probably needs to sell 150 million shares to make his money back.

Near the closing of the market, the share price of Jide Real Estate Company rose to 2 yuan. Compared with the initial 0.6 yuan, it increased by 1.4 yuan per share in one day, an increase of 233%.

Luo Qihong knew that the first day was not the most dangerous. The most difficult thing was how to sell the stocks of Jide Real Estate Company to obtain the maximum profit, because Lin Luoxun wanted to contact the major shareholders. Once successful, the stock price would definitely fall like a roller coaster.

You cannot sell a large number of stocks at this time, otherwise the stock price will be pushed down, and in serious cases, the stock price will collapse.

Office of a securities company
Lin Luoxun held the cigar between his fingers, puffing away absentmindedly. Lin Luoshi, who was standing beside him, had a heavy look on his face. They had already invested several million, and now only held 13.6% of the shares. They would probably need several million more in the future.

"Brother, should we continue to follow up?" Lin Luoshi couldn't hold his temper anymore.

(End of this chapter)