Hong Kong 1980: The Savage Era

Chapter 66 [Hype Gongbei Bank Building]

"Yes!" Luo Qihong nodded without hiding anything. "The operating conditions of these five companies are not bad. They are not on the verge of bankruptcy. The current situation of Paramount is indeed not optimistic, but Paramount has me, so the future prospects will not be bad. The acquisition will take some time to prepare, which is enough time for Paramount to stand up again."

Liang Botao didn't want to offend his financial sponsor, but after thinking about it, he realized that Luo Qihong had risen to prominence in just half a year and his current net worth was tens of millions, which really could not be guessed or estimated based on common sense.

After thinking it through, Liang Botao felt that Luo Qihong had a good chance of success. Hong Kong was full of talented people, and perhaps Luo Qihong was a new one.

"Don't worry, Mr. Luo. I will investigate these five companies in detail. Once the information is complete, I will notify you immediately." Liang Botao said.

The Paramount Restaurant Company owns three tea restaurants, two of which are located in Kowloon City and one in Causeway Bay, with a market value of 3 million to 2 million yuan. Luo Qihong only plans to sell the Star King Tea Restaurant in Causeway Bay and No. 1 Temple Street, Yau Ma Tei in Kowloon City, which will probably bring back more than 1600 million yuan in funds.

However, Luo Qihong does not intend to use the funds to repay debts, but to "make money from money" so that he can carry out the next enhanced plan.

Star King Restaurant, 31 Temple Street, Yau Ma Tei
This restaurant has an area of ​​1240 square feet and a market value of 440 million yuan. With some equipment, it may be sold for 500 million yuan.

"Mr. Luo, let me introduce you. This is He Weiken, the owner of Fuxing Catering Co., Ltd. His restaurants are spread all over the city of Kowloon." Wen Jiantao introduced to Luo Qihong with a smile.

He Weiken was a pot-bellied man, about 165cm tall, wearing a suspender suit, which gave Luo Qihong a strange feeling.

Wen Jiantao introduced Luo Qihong to He Weijian. After the three of them sat down, He Weijian began to compliment him, saying, "I've seen news about Luo Sheng in the newspaper before. He was able to bring a bankrupt listed company back on track. This is not something that ordinary people can do. Luo Sheng is very capable."

"Mr. He, you're too kind! It's just some routine operations." Luo Qihong smiled faintly. In fact, he really didn't like others hypocritically using this matter to flatter him, because there seemed to be nothing to say about it.

After chatting for a while, Luo Qihong quickly got to the point, "Mr. He, let's start talking about the tea restaurant. Although Xinghuang Tea Restaurant is not a famous restaurant in Yau Ma Tei, it is also somewhat famous. In addition, the restaurant property is also owned by Paramount Company. I want a price of 6 million, which should not be expensive."

"As for the tea restaurant in Causeway Bay, Mr. Ho has also visited it. It is not much different from this one. Considering the location, I want a price of 570 million, a total of 1170 million. How do you think?"

Hearing this, He Weijian frowned slightly and poured a cup of tea into his mouth. "Luo Sheng, this price is already expensive. I can give 480 million for the Xinghuang Tea Restaurant here, and 450 million for the one in Causeway Bay, a total of 930 million."

"It's not that I want a high price. This is indeed the price. After Mr. He takes over, he can start business immediately. Whether it's equipment, store, chefs, or waiters, everything is ready. In addition, Xinghuang Tea Restaurant has a group of regular old customers. I think these are Xinghuang's advantages and valuable things." Luo Qihong retorted.

He Weijian knew this was the truth, but he didn't want to pay more, so he pointed out the shortcomings of the Star Emperor Tea Restaurant and took the opportunity to lower the price. "The Star Emperor Tea Restaurant is indeed famous near Yau Ma Tei and has many old customers, but it still cannot avoid losses. I think Luo Sheng knows the reason. If I were not a tea restaurant owner, I would not be here today. I will raise the price a little bit. The two tea restaurants cost a total of 970 million yuan."

The price was 2 million less than what Luo Qihong had proposed. Luo Qihong smiled and said, "I'll also name a price, Mr. He, let me hear it. It's 1130 million yuan."

"If the price is this, each tea restaurant will cost 565 million yuan, which is still a bit expensive. Let's say 1030 million yuan," said He Weiken.

"Let's make it an even number, 1050 million yuan, how about that?" Luo Qihong said expressionlessly.

He Weijen hesitated for a moment and said, "Okay, the 20 is not a big deal, it will be 1050 million yuan, but Paramount Company cannot take the funds in the account." "Okay!" Luo Qihong had cleared the funds in the account before the negotiation. As for today's income, of course it could not be taken away.

He Weijian seemed a little suspicious when he saw that Luo Qihong agreed so readily, but it was not a good time to make any other requests.

In fact, He Weiken has his eyes on the Star King Tea Restaurant in Causeway Bay. He wants to use this restaurant to test the market in Causeway Bay. If the profit is good, he plans to move into Causeway Bay in a big way to expand his catering strength.

The contract signing at the law firm was completed quickly. He Weijen generously paid the full amount. As for the handover, it took some time.

Luo Qihong also paid a commission of 5 yuan to Wen Jiantao. If it were not for Wen Jiantao's introduction, the two tea restaurants would not have been sold so quickly.

After cashing the check, the funds in the Paramount Company's account exceeded 1100 million yuan. According to the plan, Luo Qihong should lead his subsidiaries to start speculating in properties.

Dehe Real Estate Company Office

Luo Qihong skillfully boiled water to make tea. The aroma of tea filled the air, making one’s mind clearer.

Lin Luoqi took a sip and smiled, "Sometimes tea seems to be no worse than coffee, but sometimes I really want to drink coffee. It may be the addiction caused by caffeine."

"It's probably not an addiction, it's caused by your habit. Sometimes when you change your habits, people will feel a little nervous, especially when things don't go their way." Luo Qihong said with a smile.

"That might be the reason." Lin Luoqi put down his teacup, straightened his face, and said, "I have found some clues about what you asked me to investigate. The property of Gongbei Building next to the Central Hilton Hotel is very scattered. According to the investigation of professionals, Cheung Kong Holdings acquired the Central Hilton Hotel. If, as you said, Cheung Kong Holdings wants to build its own headquarters building on this land, then Gongbei Building will definitely be acquired by Cheung Kong Holdings."

The demolition and reconstruction of small commercial buildings in Central will certainly not bring a return of 1 plus 1 equals 2, but a return greater than 2.5, and even a return of 3.

"Since it has been confirmed that Cheung Kong Holdings is going to acquire the Gongbei Building, I plan to let Dehe Real Estate Company and Paramount Company jointly acquire one or two floors of office space in the Gongbei Building. What do you think?" Luo Qihong asked seriously.

"Maybe we can bring in Yiren Real Estate Company and acquire a few more properties." Lin Luoqi said with a smile, "Since we know it's a profitable project, let's go big. It's a waste if we don't make money."

"Okay, then let's do something big. How about Dehe Real Estate Company, Paramount Company, and Yiren Real Estate Company jointly acquire the office space on the 4th floor of Gongbei Building?" Luo Qihong said.

"Haha! Of course. If funds were not limited, I would definitely take over the entire Gongbei Building." Lin Luoqi suddenly thought of a question, "Then how can we get rid of Cheung Kong Industries? The longer it takes, the more disadvantageous it will be for us."

"The properties of the Gongbei Building are scattered. Once we acquire the fourth floor, we will spread the news that we want to acquire the entire Gongbei Building. We plan to demolish it and rebuild it, and then resell it to make a fortune." Luo Qihong smiled cunningly. Once it was rebuilt, the cost for Cheung Kong Holdings to acquire the Gongbei Building would rise sharply, and the outcome would be certain.

Of course, Cheung Kong Holdings could purchase one or two floors of offices to stop Luo Qihong's demolition and reconstruction plan, but this could also help Luo Qihong advertise. It can be said that if the Cheung Kong Holdings' headquarters building is built, it will be impossible for the property price of the Gongbei Building not to rise.

(End of this chapter)