Hong Kong 1980: The Savage Era

Chapter 64 [Acquisition Case Breaks Out]

Before the stock market closed that day, Athlone had not yet announced the acquisition. The share price of China Bus had risen to 31.2 yuan, and the increase had slowed down a lot. However, Luo Qihong received news from Zhang Taotao and Xiao Yuanrang that there were still multiple accounts in the stock market that were absorbing China Bus shares.

Luo Qihong asked both of them to check the source of the accounts, and it was determined that six of the accounts were from Asia Securities Company.

After hearing the news, Luo Qihong felt relieved, as it proved that Athlone would not give up the acquisition of China-Pakistan Company.

The share price of Sun Hung Kai Properties has slowed down significantly, rising by only 0.5 yuan in one day and has now reached 7.7 yuan.

Luo Qihong believes that this stock will rise above 8 yuan, but there will not be much increase after 8 yuan, so it can also be sold to recover funds.

At around 7 o'clock in the evening, Luo Qihong went home for dinner at the request of his parents. A jar of pork ribs and medicinal soup was placed on the dining table, and the aroma was fragrant.

"Where did you get so much money to acquire a listed company? Were you deceived into coming here?" Lin Ya didn't understand economics and finance. She had heard that acquiring a listed company would require at least tens of millions of dollars in capital. Luo Qihong had just graduated and it was impossible for him to have so much money.

Luo Qihong was slightly stunned. He felt that even if he told his parents, they might not believe him. So he nodded and said, "I was not deceived into the stage. Others are the major shareholders. I only have 1.4% of the shares. I am now helping others manage the company."

This reason seemed more acceptable. In the impression of Lin Ya and Luo Zegui, Luo Qihong made a lot of money as a real estate agent, so it seemed reasonable for him to buy a little bit of shares.

Luo Qihong also didn't want his future sister-in-law Zhang Qianqi to have too many ideas, and it was also natural for her to withdraw from Paramount Company in the future.

"Did you buy this 1.4% of shares with your own money? Or was it given to you by someone else?" Luo Zegui asked.

Luo Qihong answered seriously, "Of course I bought it myself. How could someone give me so much money?"

Hearing this, Lin Ya heaved a sigh of relief. Zhang Qianqi couldn't help feeling a little disappointed. She thought she had joined a rising wealthy family, but it turned out that her brother-in-law was still working for others. But it seemed not bad.

"Ah Hong, can you let me work in your company? Don't worry, I can do anything." Zhang Qianqi said happily, taking advantage of the opportunity.

Luo Qihong was silent for a moment, and thought to himself, "What can you do? Can you be the chairman?" He replied, "The company is not mine, and I just joined the company. Some people don't obey me. If something goes wrong because of this, I might be kicked out of the company."

"Okay!" Lin Ya didn't want to ruin her youngest son's future. She knew this was a rare opportunity. "Ah Hong, you have to pay attention to finding a job for Qianqi and try to find one within this week."

"Yeah! I understand." Luo Qihong nodded. Everyone can play the victim. He has so many demands before even entering the door. Wouldn't it be like heaven after entering the door?
Luo Qihong began to think about the future. The most important thing was to be mentally prepared for Lin Ya and Luo Zegui. As for Luo Qixing and his wife, he would not care too much. After all, pillow talk is very powerful. Since Luo Qixing chose to stand on Zhang Qianqi's side, he naturally would not care too much about Luo Qixing's feelings.

Zhang Qianqi was a little unhappy. She thought that Luo Qihong was in charge of the company and arranging a position was just a matter of a word. He rejected such requests, which made it clear that he didn't want them to take advantage of him.

She couldn't go too far because she hadn't even entered the house yet. If she had a falling out, it would be like 'losing the watermelon and looking for sesame seeds'. So she could only sulk, and maybe vent her anger on Luo Qixing later.

"When you have your own company in the future, you should take care of your elder brother and sister-in-law." Luo Zegui said again.

Luo Qihong nodded and said, "Yes! I have learned about it. There are many large companies engaged in printing now. If I have the ability in the future, I will help my eldest brother to expand the printing business at home. It will not be a problem to earn 5 million or 6 million a year in the future."

When everyone at the table heard this number, they were all excited. Luo Qixing hesitated to speak, while Zhang Qianqi was anxious, "Ah Hong, can you really make so much money?"

5 million is enough to buy more than a dozen houses, and you can even be a landlady in the future.

"Of course, I've checked with some friends, and their printing companies make about this much profit." Luo Qihong tried his best to deceive, his face full of sincerity. Lin Ya and Luo Zegui were surprised, of course they believed their youngest son, and they also felt that he would not lie to them.

Zhang Qianqi was very active and said, "Then I'd better help at home to reduce the burden on Uncle Luo and Ah Xing."

In fact, this woman was worried that if she didn't participate in the family business, she would have to give some to Luo Qihong in the future. If all the 5 million went into her wallet, wouldn't she be able to become a lady? !

Luo Qihong didn't say anything. It was not something he could decide, but his eyes still inadvertently wandered between Luo Zegui and Lin Ya.

Lin Ya hesitated for a moment, thinking that with this income, wouldn't it be better to change a daughter-in-law? She said, "Two people are enough for the family printing business, plus I help from time to time, so there is no need for one more person for the time being. Ah Hong, you should find a job for Qian Qi."

Luo Qihong immediately understood what Lin Ya meant and nodded, "Okay! I'll hurry up."

Someone is going to fail, and greed leads to poverty. Luo Qihong couldn't help but feel happy and emotional.

Zhang Qianqi had nothing to say and her face turned pale. As for Luo Qixing, whom she had been trying so hard to hint at, he chose to lie down and pretended that he had heard nothing, and just kept eating.

After dinner, Lin Ya talked to Luo Qihong alone. "Tell me honestly, can you really make 5 million a year in printing?"

Luo Qihong smiled and said, "Really, I didn't lie to you."

His expression turned from sunny to cloudy. He was silent for a moment, then said with eye drops, "But my future sister-in-law is too powerful. I'm worried that all the profits will go into her wallet, or they may be used to help support her family."

I can't kill you if you make so many demands.

Luo Qihong has already made up his mind. At worst, he will personally find a good wife for Luo Qixing, or at least someone who is easy to satisfy.

"Your mother is not dead yet. When will it be her turn to be the boss of this family?" Seeing that Luo Qihong looked down on her, Lin Ya couldn't help but snorted coldly.

Hong Kong has retained many customs from the Republic of China period. Mothers-in-law are still very powerful, and it is not a big problem for them to overwhelm their daughters-in-law, especially for the wealthy ones.

"That's good!" Luo Qihong shut up instantly when he saw that the eye drops were successful.

Thursday, May 4

All major morning newspapers reported the acquisition of China Motor Bus Company by Athlone, which paid HK$38 per share to acquire 1350 million shares of China Motor Bus, increasing the 22.4% stake in China Motor Bus held by Paliburg Investments to 36.5%, thus completing the acquisition.

This is the first "partial acquisition" in Hong Kong's acquisition history. The founder is Willis, the former boss of Hutchison Whampoa and current boss of Asia Securities.

The reason given by Wells is that according to the Public Bus Services Regulations, China Bus must maintain its status as a public listed company in order to enjoy the franchise provisions. If it proposes a full acquisition, it will not be in line with the spirit of the regulations.

In this way, the Bailibao Investment Company only needs to spend a smaller amount of money and increase a smaller proportion of equity to achieve the effect of a comprehensive acquisition and seize the valuable China-Pakistan company.

However, it ultimately depends on the attitude of the Securities and Exchange Commission and the Merger Committee. These experts encountered such a difficult problem for the first time and could only agree vaguely in principle for the time being.

(End of this chapter)