Hong Kong 1980: The Savage Era

Chapter 70【Kowloon Bus Company】

Luo Qihong laughed and said, "Believe it or not, once you restore the original commission, Yan Leduo's group, including Fenggui Development Company, will follow the next day."

"Aren't they opponents? Why would they do this?" Guan Jiahui didn't quite understand.

Luo Qihong explained, "Which is better, the company going bankrupt or making money? Between the grudges of the rivals and the yellow money, which one would you choose?"

"That means we have the right to decide. No wonder Yan Leduo speaks so nicely." Guan Jiahui said with a smile. This seemed very funny.

"If either of them restores the original commission, it will be a flaw. The other side will definitely think that the other side can't hold on any longer and of course they have to increase their efforts at this time. So, they dare not do that. We are different. We can even do it for free. So, the initiative is in our hands." Luo Qihong said with a smile.

"Then let them all suffer a little loss, maybe Yan Leduo will give us a big benefit." Guan Jiahui smiled slyly.

"It's impossible to get a big benefit. If it was Yan Leduo alone, it would be easy to deal with, but unfortunately the group of people behind him don't want to suffer any loss. Yan Leduo is just a contact person in front of the stage." Luo Qihong analyzed.

"I understand. Let them lose more." Guan Jiahui said with some pride, seemingly forgetting that she was not making any money and Luo Qihong was also losing money.

Luo Qihong was too lazy to pay attention and let Guan Jiahui do it. She wouldn't suffer any loss anyway.

The acquisition of China Bus Company is still ongoing. As Luo Qihong expected, Yan Chengkun's family did not launch a counter-takeover case, but still acquired shares on the stock market and maintained good relations with the Securities and Futures Commission and the Merger Committee.

Neither Willis of Asia Securities nor Luo Xurui of Paliburg Investment Company paid much attention to these matters. Instead, they increased their acquisitions in the stock market, but they are still about 36.5% away from a 7% stake.

Luo Qihong sat in a leather chair and read the reports. This acquisition case had nothing to do with him anymore, but it did not prevent him from watching the show and learning some acquisition methods.

"China Motor Bus. Kowloon Motor Bus! Hmm? It seems that Kowloon Motor Bus Company was acquired by Sun Hung Kai Properties. It seems that the time difference between it and the acquisition of China Motor Bus is not far away." Luo Qihong muttered to himself while holding the newsprint.

Luo Qihong remembered that there was a remaining 477 million yuan of funds recovered from the last acquisition of China Bus Company, and it seemed that he could choose to acquire shares of Kowloon Motor Bus Company.

So Luo Qihong hurried to the trading hall of HSBC, and happened to meet Zhang Taotao who was seeing off a guest, and the two of them went into the meeting room together.

"Mr. Zhang's business has improved a lot. It seems that Mr. Zhang is going to become rich." Luo Qihong said half-jokingly.

"Thanks to you, the manager introduced several clients to me." Zhang Taotao was still a little shy.

Luo Qihong smiled and turned to the main topic, "What is the current share price of Kowloon Motor Bus Company?"

Zhang Taotao immediately responded, "4.3 yuan per share. The recent acquisition of China Motor Bus Company is very hot, and many people have also noticed Kowloon Motor Bus Company. Although the two companies are different, the Lei family of Kowloon Motor Bus and the Yan family of China Motor Bus are similar. They will not allow anyone to get involved in the bus company."

In fact, Athlone's offensive against China Bus Company was very fierce, but outsiders were not very optimistic because Yan Chengkun's family had been entrenched in China Bus Company for many years and it would not be easy to successfully acquire it.

Zhang Taotao believes that the China Motor Bus acquisition case is not optimistic and no one should take action against KMB.

Zhang Taotao is not in the real estate business, so of course he doesn't know how tempting a large amount of land reserves are to a real estate company. Even if they know that the acquisition will fail, it does not stop some people from trying.

Luo Qihong smiled and nodded, "Mr. Zhang is right! Please use the 477 million yuan in my account to buy KMB shares for me."

This amount of funds can buy about 111 million shares of KMB, accounting for 1.11% of the total share capital. Zhang Taotao nodded helplessly. He said everything he should and shouldn't say. As for what Luo Qihong wanted to do, he naturally couldn't stop him.

"Mr. Luo, I have helped you get 150 million new shares of Henderson Land Development through channels, which requires 6 million yuan in funds. The share price of Sino Land Company has risen to 8.3 yuan, which can recover 488 million yuan in funds. You still need to make up 112 million yuan." Zhang Taotao reminded.

Luo Qihong paused for a moment. He didn't expect Zhang Taotao to be so helpful. He directly helped him get 150 million new shares of Henderson Land Development Co., Ltd. This was a business that was bound to make money, so he naturally couldn't give it up. However, 112 million yuan of funds was not easy to get.

"Well! Don't worry, Mr. Zhang, I will make up the funds before mid-May." Luo Qihong promised.

"That's good!" Zhang Taotao nodded in response.

Wednesday, May 4

Major newspapers published reports that Hang Lung Group had once again won the development rights for three metro station buildings above North Point MTR Station, Quarry Bay MTR Station and Tai Koo MTR Station. Since then, Hang Lung Group has won the development rights for six metro station buildings above MTR Station launched by the MTR Corporation.

The report caused an uproar in the outside world. Since the second half of last year, Hang Lung Group has taken over all the projects launched by the subway company. Some experts predict that the consortium led by Hang Lung Group can make a profit of 6 billion yuan from these six subway station projects.

The praise of these experts made the rise of Hang Lung's stock, which was originally expected to soar, even more uncontrollable. The increase in just one morning was more than 20%. It is foreseeable that more investors will flock to the stock market in the afternoon and buy Hang Lung's shares. The increase in the afternoon may be more than just 20%.

In the office of Paramount Restaurant Company, Luo Qihong put down the phone and received a call from Bai Jinyan from Sun Hung Kai Securities, reporting to Luo Qihong the morning's increase in the share price of Hang Lung Company.

Luo Qihong was puzzled as to how Bai Jinyan could get Xiao Yuanrang to hand over the business of Paramount Company, and he didn't dare to ask. However, since Xiao Yuanrang was willing to call and explain the matter, it was obvious that Bai Jinyan had some means.

Luo Qihong would not dwell on such things. Now he regrets a little that he did not buy Hang Lung shares with his personal funds. If he had, he could have made at least 50% profit. Even if it was an investment of 477 million yuan, he could have recovered 7 million yuan.

In this way, the balance of 112 million yuan for subscribing to the new shares of Henderson Land Development Co., Ltd. will be available.

However, what comforted him was that Paramount Company bought 9.4 shares of Hang Lung Company, which would earn him at least HK$50. He could then buy shares of Kowloon Motor Bus Company and continue to increase his principal of HK$150 million.

The next morning, the newspapers published another explosive report that the Jianing Group acquired Vinda Shipping Company and Qichang Life, Fire and Marine Insurance Company at a cost of 8 million yuan, including 3.8 million yuan for Vinda Shipping Company and 4.2 million yuan for Qichang Life, Fire and Marine Insurance Company. It also planned to establish a taxi company with more than 3 employees.

Such good news also caused the share price of Jianing Group to start a sharp rise. As soon as the market opened, the share price rose from 22.3 yuan to 22.8 yuan. The rapid rise surprised the traders.

Luo Qihong was only happy for a while, and then Su Qishan knocked on the door and came in, reporting, "Boss, we received news that an owner wants to sell the 8th and 11th floors of Gongbei Building. Should we buy them all?"

Luo Qihong asked, "What's the price?"

"The price is also 1 million, but they also require a one-time payment of 2 million. They do not accept installment payments." Su Qishan said hesitantly. He felt that paying 2 million at one time was a bit embarrassing.

"Okay, tell him if he can pay 1 million first and the remaining 5 million within three days?" Luo Qihong said.

Su Qishan thought for a moment and said, "I don't think it's a big problem. It's only three days."

"Go contact him first and see what the owner says. If he doesn't agree, ask him to give me three days to raise the remaining 5 million." Luo Qihong ordered.

(End of this chapter)