Hong Kong 1980: The Savage Era

Chapter 542 [Airport Railway Station]

a.

The acquisition battle of Haw Par Enterprise has come to an end. Huang Tingfang's side lost by 1.2% of the voting rights. DBS Bank continues to control the board of directors of Haw Par Enterprise, but Huang Tingfang also obtained three board seats.

Luo Qihong and his son Huang Tingfang became directors of Haw Par Enterprise. The new company held 41% of the shares of Haw Par Enterprise, making it the second largest shareholder.

The day after the Haw Par Corporation board meeting, Luo Qihong took the opportunity to launch an acquisition of United Industrial Group, a subsidiary of United Overseas Bank, and announced that he held a 35.2% stake in United Industrial Group.

At this time, Huang Yaozu and Huang Tingfang suddenly realized that Luo Qihong was clearly playing the trick of "the mantis stalks the cicada, unaware of the oriole behind", and at this time, Dah Sing Bank was unable to mobilize a large amount of money in a short period of time to carry out a counter-takeover.

Huang Zuoyao is worthy of being a banker. He plays the "counting" game very well and directly made a gesture of resistance to push up the share price of United Industrial Group.

As the strength of United Overseas Bank is well known in the minds of Singaporeans, they believe that United Overseas Bank will fight to the death to prevent the invasion of Hengan Investment Company.

However, after the stock price had risen to a certain level, Huang Zuoyao sold his shares in United Industrial Group to Prudential Land Group at a high price, cashing in S$6 to 7 million.

This is a typical "changing of generals", letting other people compete with Luo Qihong. It is not good for Luo Qihong, but also a favor to the Lin Guowan family of Bangdian Real Estate Group.

The Lim Kok Wan family is one of the top 20 chaebols in Singapore. It owns many high-end hotels and the Marina Bay Financial Center. It is a replica of Heung Kong Land and has strong financial resources.

"Bondi Land's offer was 0.5 S$ per share more than ours, but they wasted two or three days, and we have successfully acquired 2% of the shares, holding 3% of the shares." Zhang Wenhe said, "According to our calculations, as long as the shareholding exceeds 3.1%, Bondi Land will lose and we will win."

Luo Qihong waved his hand and said, "Keep raising the purchase price. We will also pay 0.5 Singapore dollars per share more than Bondian Land Group."

"This Huang Zuyao is really amazing. He found a buyer in such a short time, and it's from a powerful family. I thought Huang Zuyao would choose to fight hard."

"Mr. Luo, according to the current information feedback, the cash flow of the Prudential Land Group is not very sufficient. The development funds for the Marina Bay Financial Centre alone exceed 10 billion Singapore dollars. In addition, the Prudential Land Group is attacking everywhere. If there is no additional cash flow, it will not be able to support it for more than half a month." Zhang Wenhe reported.

Luo Qihong pondered for a moment and said, "Huang Zuyao is likely to agree to the loan acquisition of Bangdian Real Estate, but it will not have much impact on us, so we will continue with the acquisition."

Zhang Wenhe asked in confusion, "UOB has money, why doesn't Huang Zuoyao protect United Industrial Group himself? Wouldn't it be more inconvenient to let Lin Guowan do it?"

Luo Qihong said, "UOB does not belong to Huang Zuoyao. The anti-takeover battle of Haw Par Enterprise alone has consumed more than one billion Singapore dollars. If it continues, their position in UOB will be unstable. After all, I am not a pushover."

"To fight against Huang Zuoyao, of course, we have to attack his purse, so Huang Zuoyao is very clear and is also worried that I will take down the whole pot. In this way, Huang Zuoyao will lose everything. Lending to Lim Kok Wan is different. The Pontian Land Group is very valuable."

"Should we attack the Bangdian Real Estate Group? Let them give up struggling," Zhang Wenhe suggested.

Luo Qihong smiled and said, "No need. I am not Huang Tingfang. We now have the first-mover advantage. Bangdian Real Estate Group is just struggling to survive."

"That's true." Zhang Wenhe nodded in agreement.

As Luo Qihong said, Bondian Real Estate Group quickly sold its shares at the highest point of the stock price and made a lot of profits.

Hengan Investment Company successfully increased its stake to 44.3%, becoming the largest shareholder of United Industrial Group and controlling its board of directors.

Luo Qihong had been operating in Singapore for several years and had a very mature talent pool. So after taking over the United Industrial Group, he quickly carried out a major reshuffle and placed his own people in important positions in all departments.

73 middle and senior management staff were laid off, many of whom were Huang Zuoyao's relatives and confidants.

Only after the transferred staff are familiar with the company's business can Luo Qihong truly control the United Industrial Group. The Singapore media has given Luo Qihong a new nickname, "Acquisition Tycoon", and the headlines of the news during this period are all about Hengan Investment and Luo Qihong himself.

When the news reached Hong Kong, the share prices of companies such as Siu On Properties rose slightly, bucking the market trend. This shows how powerful Luo Qihong is.

Today, the share price of United Industries Group has fallen back to its original level, with a market value of S$5.7 million. It owns Marina Square, three commercial buildings on Orchard Road, several hotels, as well as many large tracts of land and industrial properties.

In fact, the market value of United Industries Group is underestimated, with Marina Square alone worth S$4.8 million.

After reading all the asset information, Luo Qihong estimated the asset value of United Industrial Group, which was more than S$25 billion. In comparison, he made a profit of more than S$6 million.

The Luo Qihong family's assets in Singapore amount to 50 billion Singapore dollars, including securities stocks invested by Hengan Investment, so the Luo Qihong family successfully climbed into the top five of Singapore's rich list.

As long as Luo Qihong does not make any major wrong decisions, the Singapore family branch will prosper for a hundred years.

Far East Hospitality, Orchard Road.

Huang Tingfang took a sip of red wine and asked with a smile, "When did Luo Sheng set his sights on the fat piece of meat of United Industrial Group?"

Luo Qihong answered seriously, "When Mr. Huang was unwilling to listen to my advice, I was worried that Mr. Huang's acquisition would fail, and Hengan Investment would not make any money, or even suffer losses."

"It just so happened that at this time, I saw the documents about the previous acquisition of Hong Kong Land, so I thought it was a good time. The profits from Singapore Airlines were still in the company's account, so I hurriedly made an acquisition plan."

"Speaking of which, I have to thank Mr. Huang. Otherwise, I would not have been able to acquire the United Industrial Group."

Huang Tingfang could tell that Luo Qihong was teasing him, but there was no denying that Luo Qihong achieved results right from the start, whereas he lost Tiger Leopard Enterprise with just the slightest mistake.

It has to be said that Luo Qihong's acquisition tactics and understanding are powerful. There are almost no failed acquisitions under Luo Qihong's hands.

"Mr. Luo, do you think I still have a chance to acquire Tiger and Bale Enterprises?" Huang Tingfang asked that question again.

Luo Qihong was well aware that the Asian financial crisis was about to come and that the banking industry would be the hardest hit. As one of the three major banking giants in Singapore, United Overseas Bank would naturally be the first to be hit, inevitably.

If Huang Tingfang could seize the opportunity, most of Tiger and Bal Enterprises would fall back into his hands.

But Luo Qihong didn't want to remind this idiot. Instead, he wanted to use this opportunity to ease the relationship with Huang Zuyao's family.

"There will always be opportunities if you wait, but your company will also lose some development opportunities. Mr. Huang, please consider it." Luo Qihong said a few nonsense words.

"It seems that Mr. Luo is still optimistic about Huang Zuyao." Huang Tingfang said with a smile, "The Hong Kong government is preparing to launch the development rights of several airport and railway station buildings. Is Mr. Luo interested in cooperating?"

"Which ones does Mr. Huang plan to invest in?" Luo Qihong asked.

The property rights of the rooftops of stations along the Hong Kong Airport Railway Line are a fat chicken leg, including Central Station, Kowloon Station, Tai Kok Tsui Station, Tsing Yi Station, Tung Chung Station, etc. Moreover, these airport railway stations are divided into multiple phases, which can bring hundreds of billions of Hong Kong dollars in revenue to the Hong Kong government. For example, the Kowloon Station in the previous life was divided into 6 phases, and the ICC Building is a typical building.

“I want to vote for the Central Airport Railway Station and Tai Kok Tsui Station.” Huang Tingfang spoke in a big tone, with four airport railway stations as his target.

Luo Qihong calculated in his mind that the funds involved would exceed 200 billion Hong Kong dollars. Even if it was 1%, it would still cost several billion Hong Kong dollars.

(End of this chapter)