Hong Kong 1980: The Savage Era

Chapter 62 [Hype]

Before he finished speaking, Lin Luoqi suddenly sat up straight and asked Luo Qihong, "Did you know that the price of industrial land had dropped a long time ago, so you chose Jide Real Estate to acquire it?"

"." Luo Qihong was stunned. Lin Luoqi actually guessed this. Luo Qihong quickly reacted, "I did have such a speculation before. After all, the rapid growth of industrial land suddenly stagnated. I don't think this is a good sign. I feel that the price of industrial land can't hold up, so I just gambled."

"I knew this was your plan. Now my brother is going to suffer a great loss." Lin Luoqi was naturally happy to see Lin Luoxun in trouble. Lin Luoxun had made things difficult for him many times.

"Don't be too optimistic. Jide Real Estate is backed by Haofeng Real Estate, and Lin Luoxun is the daily manager of Haofeng Real Estate. It is okay to ask Haofeng Real Estate for help secretly." Luo Qihong reminded Lin Luoqi.

Lin Luoxun and Luo Qihong had no grudge against each other, but Lin Luoxun was in his way. While restricting Lin Luoqi's development, he also set obstacles for his plans. He had to fight back, otherwise he would not have come up with the real and fake acquisition case in the first place.

The same is true now, making things difficult for Lin Luoxun.

Lin Luoqi nodded and said, "I know. My mom has begun to strictly check the accounts and project funds of Haofeng Real Estate. My brother can't get any advantage. At least he can't use the project funds at will."

"I haven't heard any good news about Yiren Real Estate Company recently. Are you trying to be low-key?" Luo Qihong joked.

"What do you mean by low-key? We are now acquiring some high-quality properties, and will release good news in the second half of the year to boost the stock price, and then raise funds for another share offering." Lin Luoqi stated the plan.

"Once our Dehe Real Estate has enough funds, we can return the 8 million to Yiren Real Estate Company. You can acquire more good properties."

Lin Luoqi thought for a moment and said, "You want to kick Yiren Real Estate out so that we can get a lot?"

Luo Qihong smiled and said, "It's okay if we don't get out. We can speculate on properties on a large scale, but the plate is too big and I may not be able to take care of it."

Lin Luoqi glanced at Luo Qihong and said, "I heard that you acquired a listed company. Do you need financing?"

Luo Qihong shook his head and said, "The Paramount Company will be sold in the future. Financing is not good for you or me, unless Yiren Real Estate Company wants to acquire the Paramount Company."

Lin Luoqi couldn't understand why he would give up the company he had worked so hard to run. Luo Qihong's thoughts were really hard to guess. Could it be that Luo Qihong had a better acquisition target?
After staying in a wealthy family for a long time, Lin Luoqi naturally knew the difference between a promising listed company and an unknown company. The former is very easy to raise funds and issue shares, while the latter needs to do a lot of publicity work to make shareholders have confidence in the company. It seems simple, but it actually requires huge financial support, or you yourself are very capable and famous, like Liu Luanxiong in his previous life.

Obviously Luo Qihong is neither the former nor the latter, but he seems to want to be the former.

After figuring it out, Lin Luoqi was a little shocked. He didn't expect Luo Qihong's plan to be so big and his scheming to be so deep.

"Do you want to use the funds from the sale of Paramount to acquire a stronger company?" Lin Luoqi asked.

Luo Qihong replied, "I haven't decided yet. Maybe I will acquire a suitable listed company, or use this money to continue to increase capital."

Lin Luoqi was also tempted by this method. After all, he was also a passionate young man who liked adventure and excitement. However, he knew that he could not do it because he could not bear the consequences, and he was also suppressed by Xu Jiawen.

Therefore, he came up with another idea, to acquire Paramount Company. Luo Qihong had run the company for a period of time, so he was confident about Paramount Company, and it would also increase the asset value and reputation of Yiren Real Estate Company.

"What do you think about Yiren Real Estate Company acquiring Paramount Company?"

Luo Qihong was a little surprised, but after thinking about it, he felt it made sense. However, he did not want to sell Paramount Company to Yiren Real Estate Company because it would reduce the profits he would get.

Where there are people, there is the world, and where there is the world, there are human relationships and social conventions, especially in the Chinese community.

"The Paramount Company is not very suitable for Yiren to buy a house because the Paramount Company does not have many high-quality properties. Most of them are restaurants and catering industries." Luo Qihong gave a relatively reasonable explanation. Lin Luoqi nodded and said, "Forget it, the catering industry is not that easy to do."

"Oh, I almost forgot. My mom wants to introduce you to a girl. Her family is in the ginseng business. She has some connections. She graduated from Hong Kong University and is a very independent girl." Lin Luoqi said.

"." Luo Qihong was speechless. What was Xu Jiawen doing? Was she trying to win him over?

"No need! I already have a girlfriend." Luo Qihong waved his hand.

Lin Luoqi smiled and said, "Is it Guan Jiahui from Hehong Real Estate? She is indeed very beautiful, but she is still not good enough to be a wife. You will need a good wife to help you in your business in the future. Even if she can't help you with your career, she won't distract you from your life."

Luo Qihong did not deny Lin Luoqi's outspokenness, but using this opportunity to further his relationship with Lin Zuhui's family did not seem to be in his future interests.

"Go meet her. You may not like each other, so just give my mom some face." Lin Luoqi smiled awkwardly. It seemed very bad to say bad things about someone else's girlfriend in front of her.

Luo Qihong sighed, "Okay, I'll give you some face. Just think of it as meeting a friend."

"Okay, then I'll reply to my mom and I'll call you on the date of the appointment."

After seeing Lin Luoqi off, Luo Qihong's face suddenly turned gloomy. It seemed like an ordinary thing, but when it came to people like Xu Jiawen, it took on a different meaning because they never did useless work.

"It's just an ordinary blind date. There's no need to think too much about it. Just send out inappropriate signals directly." Luo Qihong muttered to himself.

At 4 o'clock in the afternoon, when the stock market closed, Zhang Taotao called and said, "The share price of Sino Land is 7.2 yuan, and the share price of China Motor Bus is 30.1 yuan."

Luo Qihong believes that these two stocks still have a lot of room for appreciation. He is not in a hurry to repay the mortgage loan of 850 million yuan for the time being, so Luo Qihong wants to wait until the share price of Sino Land Company soars to 8 yuan and the acquisition of China Bus Company is launched before selling them. The sale of both stocks may be carried out at the same time.

Twenty minutes after 4:20, Luo Qihong picked up his coat and left the office.

At 5 o'clock there was a press conference about the acquisition of four plots of land in Yuen Long and Tai Po by the Paramount Restaurant Company by Jia Nian Real Estate Company, covering an area of ​​up to 4 square feet and involving a sum of 14.6 million yuan.

The reporters' focus was not on the transaction, but on the fact that 23-year-old Luo Qihong became the chairman of the board of directors of Paramount Restaurant Company, the youngest chairman in Hong Kong's history.

Therefore, some reporters even asked whether Luo Qihong was a member of a certain family, otherwise how could he have such huge financial resources to acquire a listed company (even if it was on the verge of bankruptcy).

Luo Qihong did not explain anything to the reporters because he knew that suspense was the best news, which was one of the reasons why he insisted on holding press conferences.

Since the Paramount Restaurant Company could not attract public attention, he had to take action himself and try to use this drama to raise the stock price of the Paramount Company.

The next morning, all major newspapers published news about Luo Qihong. One newspaper headline was "Paramount Restaurant Company Chairman Luo Qihong is suspected to be the illegitimate son of a certain real estate company's controlling family."

Suddenly, Luo Qihong became a very famous figure in Hong Kong, and rumors spread.

After repaying 1308 million yuan of debt, the debt of Paramount Restaurant Company dropped to 2392 million yuan, and the stock price quickly rose to 0.5 yuan, with a market value of 4350 million yuan, and the external debt ratio fell to 55%.

This is considered to have passed the first hurdle, but Luo Qihong still cannot relax, because this market value is still not his ideal state.

(End of this chapter)