Hong Kong 1980: The Savage Era

Chapter 58 [Entering Paramount]

Luo Qihong has a veto power and of course has the power to clean out the "small fish and shrimps", but Xu Haizhi holds 33% of the shares and Luo Qihong cannot clean them up, but Xu Haizhi cannot play any role in the board of directors.

If you want to take advantage of the opportunity to cause trouble, you also have to see who holds the dominant power.

Faced with Luo Qihong's tyranny, the directors looked at each other in bewilderment. They thought Luo Qihong was a young man who would be afraid of their joint attack, so that they could seize control of the board of directors.
"Mr. Luo, the board meeting agenda should be fair and just. This is where our directors meet. Mr. Luo needs to answer the questions." Xu Haizhi continued to exert pressure.

"It seems that Hong Kong's company law does not require me to answer. Mr. Xu, please be frank. You want to embarrass me, that's fine, but if it causes the closure of the Paramount Restaurant, I don't think you would want to see it." Seeing the directors in deep thought, Luo Qihong said, "Of course I have a way to save the company, but I won't discuss it with you, because if you had the ability, the Paramount would not be what it is now."

"If I really count the numbers, I think I can hold the former chairman accountable for his management mistakes."

The directors were somewhat surprised by Luo Qihong's attack. They didn't expect Luo Qihong to be so fierce and didn't care at all. He went straight to their wounds and hit them.

Xu Haizhi also made a harsh statement, saying that he wanted to see what Luo Qihong could do, and if the business was not run well, he would hold him accountable.

Luo Qihong was very generous and said that he welcomed everyone to hold them accountable, but it depended on his mood whether he would accept it or not. Xu Haizhi was so angry that he walked away in anger.

Luo Qihong used 10 yuan to hire a group of professionals to check the accounts of Paramount Company. He did not want to take over a company with various traps, nor did he want to take the blame for anyone.

Fortunately, Xu Haizhi was still rational. Apart from poor management, the Paramount Company did not have any other problems. There was only more than 1 million yuan left in the books, and the collected rent was enough to repay the loan interest.

Today, the Paramount Restaurant Company is in debt of 3700 million yuan. Except for the land in the New Territories, all its other properties are mortgaged. With only 163 million yuan left in the account, it can untie the loans of some properties, but unfortunately they are just a few small shops.

The amount of funds concentrated is not enough to unbind the large properties, so all in all, it seems that such unbinding will not have much effect.

"Huh! I can only rely on the stock market to make money to unbind the debt." Luo Qihong sat on the chair and let out a long breath.

Putting down the documents in his hand, Luo Qihong began to write and draw on paper, summarizing some memories of his previous life in his own way.

Buying shares of China Motor Bus Company seems to be the best investment method at present. If the Paramount Restaurant Company had been acquired half a month earlier, there would be an extra option to subscribe to the issued shares of Sino Land Company.

Originally, Luo Qihong still wanted to hand over the stock investment of Paramount Company to Zhang Taotao. However, the former chairman Xu Haizhi opened an account at Sun Hung Kai Securities. Although there was no funds in the account, it seemed to save Luo Qihong some effort. Luo Qihong also felt that eggs should not be put in one basket.

Therefore, after confirming with the securities manager of Sun Hung Kai Securities through phone calls and other means, Luo Qihong asked the financial manager to transfer the 1 million yuan from the company's account into his own account at Sun Hung Kai Securities.

The manager of Sun Hung Kai Securities who was in charge of serving Paramount was a young man in his 30s, with a slicked-back hair that was shiny with gel. He was dressed in a suit and looked like a villa butler.

"Hello, Mr. Luo! I am the manager in charge of the securities and stock transactions of the Paramount Restaurant Company. My name is Xiao Yuanrang. Please take care of me!" Xiao Yuanrang, who is quite handsome, introduced himself respectfully.

"Yeah!" Luo Qihong nodded, and then followed Xiao Yuanrang into the small reception room.

This figure caught the attention of Bai Jinyan, who worked at Sun Hung Kai Securities. She did not see Luo Qihong's face, but felt that the back seemed familiar. She couldn't remember who it was, so she devoted herself to her work.

"Mr. Xiao, what is the current share price of China Bus Company?" Luo Qihong asked as soon as he sat down.

Xiao Yuanrang was stunned. He had never paid attention to the "penny stock" of China Bus Company. "Please wait a moment. I will check it out."

"Okay, please hurry up!" Luo Qihong picked up the tea and took a sip.

In fact, Luo Qihong couldn't understand why China Bus Company played such a good hand so badly. Even in the prosperous Causeway Bay, the company had a small amount of high-quality land, which could be developed into high-end residential buildings without any problems. It could even be said that the development of the land was more profitable than the annual profit from the bus industry.

Moreover, China Motor Bus Company's business in Hong Kong Island was becoming increasingly difficult. Due to the sharp increase in land prices, many factories and industrial companies moved to the New Territories. On the contrary, the business volume of its arch-rival, Kowloon Motor Bus Company, was booming and had surpassed China Motor Bus Company, the former overlord.

Even so, Yan Chengkun, the head of China Bus Company, still does not change, which makes people feel that this old guy is extremely stubborn and China Bus is hopeless.

Ten minutes later, Xiao Yuan asked Shan Shan to come in late, "Mr. Luo, the share price of China Bus Company is 17.8 yuan. The growth trend is very poor. It is not a good stock with potential. Do you want to choose other stocks? For example, Hang Lung Company and Jianing Group."

Luo Qihong shook his head and said, "I came here to buy China Bus Company shares. One million, help me buy all of them."

"." Xiao Yuanrang nodded awkwardly, "Okay, wait a moment. I'll help you with it right away."

An hour later, Xiao Yuanrang came back again and gave the document to Luo Qihong to sign, and handed him the receipt, "Mr. Luo, the 1 million yuan has been used to buy all the shares of China Bus Company, a total of 5.6 shares, and the average purchase price is 17.8 yuan."

Xiao Yuanrang hesitated for a moment, but still told Luo Qihong what he had noticed. "When I was buying, I found that several accounts were absorbing small shares. Although the amount of shares they bought was not as much as ours, it has lasted for a long time, and the amount absorbed has remained the same. It seems that there is a takeover."

Luo Qihong paused for a moment. It seemed that Bailibao Investment Company could not help it. "Mr. Xiao, forget what you know."

Xiao Yuanrang subconsciously judged that China Bus Company would definitely face a huge acquisition case, which should have nothing to do with Luo Qihong, otherwise Luo Qihong would not have bought such a large number of shares, after all, it would be easy to be exposed.

"Mr. Luo, I know the rules and will strictly keep the client's information confidential." Xiao Yuanrang said sincerely.

Luo Qihong nodded and said, "I have signed the documents. I still have some things to do. I will leave now!"

"Mr. Luo, take care! I will inform you in time if there is any news from China Bus Company." Xiao Yuanrang no longer dared to underestimate the young man in front of him. He could even find out such news, so he was obviously not a small figure.

"Luo Qihong?!" a girl's anxious and surprised voice came.

Luo Qihong turned around and saw that it was Bai Jinyan. He suddenly remembered that Bai Jinyan seemed to work at Sun Hung Kai Securities.

"Sister Jinyan, how's your work going?" Luo Qihong squeezed out a sentence. "Why are you here" was obviously not appropriate to say.

"." Bai Jinyan was a little speechless, "Why are you here? Isn't your stock investment in HSBC?"

"You know, you can't put all your eggs in one basket." Luo Qihong said with a smile.

The two chatted for a while and then Luo Qihong left Sun Hung Kai Securities.

Xiao Yuanrang heard the conversation between the two and soon appeared beside Bai Jinyan, saying with a smile, "Manager Bai and Luo Sheng are familiar with each other?"

Bai Jinyan thought for a moment and responded, "My father and Luo Qihong's father are old friends, and we have met before."

"So that's how it is! Luo Sheng has a good background. Manager Bai should contact him more often. Maybe we can have more achievements." Xiao Yuanrang said with full of metaphors.

(End of this chapter)