Hong Kong 1980: The Savage Era

Chapter 54 [End and Beginning]

Luo Qihong thought about it and felt that the profit was enough and there was no need to hold on any longer, so he said, "Sell them all, no matter the price."

"Okay! I'll try to finish the sale tomorrow." Liang Botao nodded and handed Luo Qihong a document. "This is the company's current information on the Paramount Restaurant."

Luo Qihong took it, browsed through it, and said, "I didn't expect that Paramount Company has so many catering businesses and shops in the urban areas of Hong Kong and Kowloon."

This information is more detailed than the previous overview, and even lists the location of Paramount's assets and provides a general description of the operating conditions of each store.

Of course, this is not a description of the latest situation, but the situation at the end of last year, which is only two or three months apart.

"Although Paramount's assets appear to be in good condition, they are actually worse than Jide Real Estate. Its debt ratio is as high as 0.75, and its industrial turnover is declining. It will soon be unable to afford the interest on its debts. According to the current situation, if Luo Sheng wants to acquire Paramount, he must inject at least 1400 million yuan to allow the company to operate normally, and it is urgent to solve the problem of low industrial returns at Paramount." Liang Botao analyzed with a serious expression.

"What if I sell the assets of Paramount to resolve the debt?" Luo Qihong asked.

"Only part of the debt can be resolved. The asset value of the listed company cannot be less than 2000 million yuan." Liang Botao reminded.

After hearing this, Luo Qihong thought about it carefully and realized that it seemed that he could only inject capital and take advantage of the stock market to help Paramount Company solve its current serious debt problem.

After finishing the discussion with Liang Botao, it was already 6 o'clock in the evening and Liang Botao could leave work.

Luo Qihong felt that the matter was not urgent and there was no need to delay Liang Botao from getting off work, so he said that the matter could be discussed tomorrow.

Lin Zuhui Family Villa

Lin Luoqi undoubtedly brought the matter to the attention of Lin Zuhui, just like the last incident with Yiren Real Estate Company, reporting that the Lin Luoxun brothers had acquired Jide Real Estate Company without the knowledge of the family.

However, Lin Luoxun was well prepared. He handed the documents showing the misappropriation of funds from some projects of Haofeng Real Estate Company to Lin Zuhui and began to explain, "All the shares of Jide Real Estate Company belong to Haofeng Real Estate. Although I misappropriated the project funds, I think Jide Real Estate is a good company, not inferior to Yiren Real Estate Company at all. With a small capital injection, our Lin family can immediately get a listed company with assets of tens of millions."

After Lin Zuhui finished reading the document, he knew very well that he could not favor one over the other. He had to say that his elder son's work was better than that of his younger son. However, as a father, he could not deny the "surprise gift" sent by his son, so he decided to use his usual method of "giving each of them fifty lashes".

"Misappropriating project funds is a violation of company rules and regulations, but the acquisition of a listed company is a merit, so the merits and demerits offset each other. Do you have any objection, Luo Xun?" Lin Zuhui stared at Lin Luoxun and said.

Lin Luoshi wanted to speak up for more benefits, but was stopped by Lin Luoxun. It was obvious that this was Lin Zuhui's decision, not a discussion.

"I have no opinion. It's all up to Daddy." Lin Luoxun shook his head.

Xu Jiawen, who was standing aside, had a faint smile on her face. She looked harmless, but to some people with ulterior motives, it was sarcasm.

"Rocky holds a 16% personal stake in Yiren Real Estate Company. You should also take out some money and buy the 16% stake in Jide Real Estate Company held by Haofeng Real Estate. Let's calculate it based on the lowest share price, which is 0.6 yuan per share. Jide Real Estate Company will be handed over to you two brothers. Take good care of it and strive to make Jide Real Estate a medium-sized real estate listed company." Lin Zuhui said in a flat tone.

"Thank you, Daddy!" Lin Luoxun and Lin Luoshi said in unison. Lin Luoxun's expression was normal, as if everything was under his control, while Lin Luoshi's face was full of joy because he could have more power in the new company.

This time Xu Jiawen couldn't laugh anymore. Even though she had expected this result, she still didn't want to accept it.

Lin Luoqi didn't care. He should be the winner. In the last acquisition of Yiren Real Estate Company, Lin Luoxun and Lin Luoshi didn't get any personal benefits. This time, he made millions of profits. Lin Luoxun wanted to attack Lin Luoqi by saying that Dehe Real Estate Company misappropriated the cooperation funds of Yiren Real Estate Company. However, once the attack was launched, it would inevitably involve the question of "who came first and who came later". In the final analysis, he robbed Lin Luoqi's Jide Real Estate Company.

Now that he had gained an advantage and wanted to go further, things would easily get out of control, so Lin Luoxun had no choice but to give up this bad strategy of "killing one thousand enemies and losing eight hundred of his own".

Xu Jiawen and Lin Luoqi, mother and son, came to Lin Luoqi's room, which is the best chat room in the entire villa.

"Those two brothers still took advantage." Xu Jiawen said with some resentment.

Lin Luoqi smiled and said, "Brother is always awesome. It's already good that we have such a chance of winning. This is all thanks to Ah Hong's idea. We have made at least a few million."

"The profit is so huge? Isn't Jide Real Estate a listed company that is about to go bankrupt?" Xu Jiawen has a background in finance and doesn't know much about financial matters.

Lin Luoqi smiled proudly, "The stock price of 6 cents rose to 2.4 yuan, and the profit was astonishing. At the peak, we held nearly 700 million shares."

Xu Jiawen calculated carefully and said in surprise, "No wonder you can make millions, with a three-fold profit."

"Son, can we go it alone? With this money, we can run a listed company privately." Xu Jiawen has even greater ambitions.

Lin Luoqi shook his head. "It's difficult! I mentioned this to Ah Hong, and he said that the key to this business is to have the right opponent, and that the opponent is really losing money. If I work with the opponent to make money from shareholders, it will be suspected of manipulating the stock market. I'm worried that the Independent Commission Against Corruption will come to my door."

Xu Jiawen understands these details. If she has to face jail time to make this much money, she certainly doesn't want to do it. "What a pity! Such a good business."

"But Ah Hong asked me to keep an eye out. Maybe someone wants to acquire a listed company. We can join in the fun and earning 1 million shouldn't be a problem." Lin Luoqi said.

"One million is not a lot, so let's not invite Luo Qihong." Xu Jiawen said with a smile.

Lin Luoqi knew his mother's character well. She always liked to keep everything to herself. However, he didn't want to offend her, so he nodded and said, "Okay, then we will do it ourselves from now on."

"I heard that you are working together on other projects. Were those projects brought by Luo Qihong?" Xu Jiawen asked curiously.

"Yes, it was Ah Hong who brought it up. I have transferred 8 million from Yiren Real Estate Company. This time... something is wrong. Big brother should know that we misappropriated the 8 million. Why didn't he complain to Dad?" Lin Luoqi finally figured out the problem.

Xu Jiawen explained to Lin Luoqi with a smile. Having fought with Lin Luoxun for so many years, she knew this man's character and style very well. How could he cause trouble for her?

"Luo Qihong is a capable person. You should continue to be friends with him. Perhaps we can use him to break the impasse." Xu Jiawen said with a smile.

Lin Luoqi nodded disinterestedly. He was a man of loyalty and didn't want to take advantage of Luo Qihong. Besides, Luo Qihong was not so easy to be taken advantage of. If he got out of hand, they might not even be able to be friends anymore.

"Don't worry! Luo Qihong is so smart, he won't break up with you." Xu Jiawen knew what Lin Luoqi was thinking at a glance, and words of comfort came out of her mouth.

Lin Luoqi was still a little embarrassed, but he didn't say it out loud.

(End of this chapter)