Hong Kong 1980: The Savage Era

Chapter 568-570 [End] (New book, please collect it)
In 2007, the Zhaoan Group's profit reached HK$2700 billion, of which HK$1380 billion was non-recurring profit. It sold ships, aircraft, European and American real estate, stocks, etc.

Dehe Real Estate Company made a profit of HK$2007 billion in 552, of which HK$255 billion came from the sale of commercial buildings.

Fujia Newspaper Group made a profit of HK$2007 billion in 68.
After months of rebound, the Hang Seng Index began to plummet in August, falling from 8 points to 24600 points on October 10. During this period, on September 10, the Lehman Brothers investment bank in the United States collapsed and liquidated, causing Hong Kong investors to suffer a lot of losses, some of whom went bankrupt and jumped off buildings.

Luo Qihong knew that this financial crisis would not last long and the economies of various regions would recover soon, leaving him with little time to buy at the bottom.

Zhaoan Group quickly sold into Europe, acquiring Canary Wharf in the UK and several second- and third-tier wine estates in France. Singapore's Heineken Group also sold into Europe's beer industry, acquiring the British Beer Group and a medium-sized beer company in Munich, Germany, and quickly expanded the beer industry to the world.

Australian mining companies have also taken action, attacking the mining resources in Brazil in South America, acquiring a 6% stake in the large mining group Vale and two mining companies, mainly producing iron ore and lithium.

Early August 2009.

The Hang Seng Index climbed to 26000 points, a surge of 4 points from 16000 points in early April. The strong rebound has boosted investors' confidence.

Hong Kong's real estate market has always followed the stock market closely. Ten months ago, the real estate market had already risen by 10%, while the real estate industry in Europe and the United States has not yet emerged from the trough and is somewhat sluggish.

The tentacles of Zhaoan Group and Dehe Real Estate Company have extended into major cities in the United States. Among them, Zhaoan Real Estate is even more powerful. It acquired 9 Manhattan commercial buildings in one go and became a super landlord in New York City.

At the same time, Asia Television Group began to enter the gaming industry and now has two gaming software companies in Cyberport. Asia Television's original television industry has also gradually expanded to countries around the world, becoming a multinational corporation.

Luo Qihong established the Luo Qihong Family Office this month and injected HK$300 billion into it. The office will be responsible for family members' reading, travel, investment consulting, etc. Of course, the office will also make investments under the command of Luo Qihong, otherwise it will not be able to support the daily expenses of family members in the long term.

In fact, this office also has another function, which is to connect the various branches and make the family more united.

At first, Luo Qihong thought that as long as the family business was large enough, there would be no conflicts. Unfortunately, he forgot that people are greedy and everyone wants more, so he hurriedly set up a family office.

Thinking back to the Huo family in the previous life, the dispute over the first branch alone was so fierce that it even went to court. It was really embarrassing.

Luo Qihong was afraid that this situation would occur after his death, so he tried his best to ease the relationship between the various families.

By 2011, with the support of Luo Qihong, the careers of some of his children have been put on the right track. For example, Luo Zhichong returned to Singapore and served as a director of Yeo Hiap Seng Group under United Industrial Group, responsible for the food business in the mainland; Luo Zhiying has also joined Siu On Properties and held an important position.

Luo Qihong has let them go. He will not interfere with general decisions and will only help out. Even if he knows that the project will incur losses, he will not speak out to stop it unless the loss exceeds 50 billion Hong Kong dollars.

The eldest wife's second son, Luo Zhile, also joined the Hengchangxing Holding Group as an employee in a department, starting from the bottom. This was his own request.

However, in order to show fairness, Luo Qihong brought China Gas Company into the Hengchangxing Holding Group and made it its subsidiary. As a result, the assets of Hengchangxing Holding Group exceeded 5000 billion Hong Kong dollars. If it were listed, its market value would very likely exceed 8000 billion Hong Kong dollars, making it another behemoth.

The remaining ATV Group and Fujia Newspaper Group will be merged into a new group when the eldest wife's third son, Luo Zhiqi, grows up.

In fact, Luo Qihong also liked the youngest son of the eldest house, otherwise he would not have given the character "Qi" in his name to his youngest son.

This is also something that Bai Jinyan feels slightly relieved about. After all, her child is quite favored.

The third wife's eldest son, Luo Zhimin, is still young and studying in the United States. He has not yet joined the Australian company.

Luo Zhimin also has his own ideas. After graduation, he plans to stay in the United States to work and return to Australia to inherit the family business after making achievements. Luo Qihong agrees with this. Deep Water Bay Villa.

Luo Qihong had dinner with the first wife's family. In the future, this would be the residence of the eldest son of Luo Qihong's family.

"Daddy, I want to move out and live alone." It was the third son Luo Zhiqi who spoke.

Bai Jinyan frowned immediately when she heard this. She wanted to use Luo Zhiqi so that Luo Qihong could go home more often, but her son turned out to be so rebellious.

"Okay, but the reason must be sufficient and approved by your mother." Although Luo Qihong loves his youngest son very much, he will not lower his requirements and will not spoil him.

Luo Zhiqi knew his limits and when not to rebel, so he looked at Bai Jinyan.

"Isn't it good to live at home? You always want to run away. You don't go home very often, do you want me to see you once a year?" Bai Jinyan said angrily.

Luo Qihong smiled and said, "How about this, you can move out, but you have to come back every week to have dinner with my wife, three times a week, isn't that too much?"

Luo Qihong's words have always been law in the family. If there is no strong reason to object, he can only keep silent.

"Okay, I accept this decision." Luo Zhiqi pursed his lips and accepted it helplessly.

Luo Qihong suddenly said, "I don't care how many girlfriends you have. You are not allowed to bring your grandchildren back to see me before you are ready to get married. Otherwise, the family will not recognize him, and the property he is about to inherit will be taken away from him, and he can only live on dividends in the future."

Luo Zhiqi knew that this was said to him, but he had no intention of causing death, not to mention living on dividends in the future, otherwise he would become a laughing stock in the wealthy circle of Hong Kong.

"Daddy, can I work at Dehe Real Estate Company?" Luo Zhiqi asked reluctantly at Bai Jinyan's suggestion.

"Why do you want to join Dehe Real Estate?" Luo Qihong put down his bowl and chopsticks and looked at Luo Zhiqi intently.

"Because... I want to learn from you, Daddy, and surpass my older brother and second brother to become a famous tycoon in Hong Kong." Luo Zhiqi answered very firmly.

"This is very hard. Are you sure you want to go?" Luo Qihong said jokingly.

"Sure!"

"Okay, it's not a problem to join Dehe Real Estate Company, but you have to meet my requirements."

"Ok!"

Luo Qihong smiled. His son had a very similar personality to his. He seemed weak, but actually he was very knowledgeable about current affairs.

In his previous life, he wanted to be reborn as a second-generation heir like Luo Zhiqi. Now Luo Zhiqi is here to help him realize his dream from his previous life, and he is really looking forward to it.

end.

(End of this chapter)