Hong Kong 1980: The Savage Era

Chapter 72 [Zhaoan Real Estate Xinchang Real Estate]

Luo Qihong did use some tricks, but they were all normal business methods, and he was a newcomer, so Li Jiacheng would not take it seriously. After all, if it got out, it would have a bad impact on the fame-loving tycoon Li.

Hong Kong is too small. It is difficult to make a fortune without stealing or robbing. It is inevitable to have conflicts with some tycoons.

Luo Qihong thought that as long as he did not go to the stock market like Liu Luanxiong and do these robbery businesses, those tycoons would not take it to heart.

As for executives like Hong Xiaolian, it will not have much impact on him. As long as he is careful and cautious, no actual losses will be caused.

The 1200 million yuan earned from Cheung Kong Holdings was not only profit, but also the key to increasing the share price of Paramount Group. Luo Qihong did not believe the news, but the share price still rose by 1 cent.

The Baide Real Estate Company launched 7 residential buildings as scheduled, which aroused active response from real estate agents. Like last time, they were sold out instantly and the prices of residential units increased significantly.

"All the seven newly launched buildings have been subscribed, and the unit price has also increased by 7%." Lin Luoqi leaned back on the sofa in his office, his tone somewhat complaining.

Luo Qihong said, "Why don't you let Yiren Real Estate Company follow up? If you did, you would have made a 10% profit now."

“Isn’t this trusting you?” Lin Luoqi was suddenly speechless. In fact, he was also worried that it would be as Luo Qihong expected. It was nothing to lose hundreds of thousands. The important thing was knowing that there would be a loss, and it was the psychological factor of falling into the trap.

"This time we made a profit of 1 million yuan from the Gongbei Building speculation project, but I will publicize this as the profit of Paramount Company and raise Paramount's stock price. What do you think?" Luo Qihong asked.

Lin Luoqi smiled and said, "Okay, no problem! Do you want to distribute the 1 million profit as dividends?"

"Of course it's dividends. You and I are both short of money." Luo Qihong smiled. He was still waiting for this money to fill the hole in the subscription of shares of Henderson Land Development Company when it went public.

Dehe Real Estate Company is expected to receive a profit of 450 million yuan (after deducting 20 yuan in advertising fees and interest), accounting for about 38%. Luo Qihong will personally receive 225 million yuan, which is enough to fill the 112 million yuan hole in the stock subscription.

"Well! Are we going to speculate on properties next? Which kind?" Lin Luoqi asked excitedly.

"I plan to return the accumulated 2 million to each company. We need to hype them separately because each company can hype some small properties. Dehe Real Estate Company can also do it alone. There is no need to crowd together. Let's cooperate if there is a big project." Luo Qihong suggested.

Lin Luoqi initially realized that Luo Qihong wanted to go it alone and abandon him, but when he thought about the 50% stake he still held in Dehe Real Estate Company, he realized that if Luo Qihong wanted to abandon him, the first thing he had to do was to clear him out of Dehe Real Estate Company.

Yiren Real Estate Company has good cash flow, so Lin Luoqi can completely rely on Yiren Real Estate Company to work on his own without relying on Luo Qihong.

"I agree with your suggestion!" Lin Luoqi said, "Then what project do you plan to let Dehe Real Estate Company do?"

Luo Qihong thought for a moment and said, "I will still hype up the commercial buildings. I plan to start from the Wan Chai area, but I haven't chosen the target yet."

“Since Dehe Real Estate is speculating on the Wan Chai commercial building, I will let Yiren Real Estate Company speculate on the Causeway Bay shopping mall. It should bring good returns.” Lin Luoqi said.

"The shopping mall properties in Causeway Bay are indeed good. Do you have any way to acquire a high-quality shopping mall?" Luo Qihong took a sip of tea and asked Lin Luoqi.

"It's hard to say now since we just made the decision. The market is so prosperous right now that there may not be any owners willing to sell." Lin Luoqi also felt that things were not that optimistic.

"There are not enough shopping malls in Causeway Bay. Maybe we can try shopping malls in downtown Kowloon, but the profits will probably not be as good as those in Causeway Bay." Luo Qihong smiled faintly. The reason is that Causeway Bay has just been developed not long ago. The shopping malls were built in recent years and the number is not as large as that in downtown Kowloon. "Well! I'll try Causeway Bay first, and then move to downtown Kowloon if it doesn't work." Lin Luoqi nodded and said, "What is your Paramount company going to speculate on?"

"A luxury house in the Mid-Levels!" Luo Qihong did not hide anything. The market for these properties is huge and cannot be taken over by one person.

The next afternoon, Luo Qihong signed a contract with Hong Xiaolian and received a check for 4 million yuan on the spot.

Then Luo Qihong asked his subordinates to announce the transaction with Cheung Kong Holdings and the news that Paramount Company had made a profit of 1 million, and wait for tomorrow's newsprint to help promote it and the stock price to have a good rise.

On the same day, Luo Qihong split the 4 million into two parts, using 2 million to repay the bank loan and returning the respective profits and principal to the other two companies. Paramount Company was left with only 1 million, of which 1 million was profit.

Currently, Paramount Company has a cash flow of 1 million yuan in its account, which is more than enough to speculate on luxury homes in the Mid-Levels. However, Luo Qihong suddenly remembered the acquisition project he had discussed with Liang Botao before, which can increase the share price and asset value of Paramount Company more than speculating on luxury homes in the Mid-Levels.

However, it would be difficult to successfully complete the acquisition with only 1 million yuan in funds. In the end, Luo Qihong decided to personally join forces with Paramount Company to acquire those companies. This would not only benefit Paramount, but also facilitate the future sale of Paramount Company for profit.

So Luo Qihong came to Huoduoli Company and found Liang Botao.

"Mr. Luo, the information of four companies has been collected. Only Weiyi Real Estate Company has not been collected yet." Liang Botao reported to Luo Qihong and handed the collected information to Luo Qihong.

"Thank you for your hard work, Mr. Liang!" Luo Qihong took the information and read it slowly.

Liang Botao looked at Luo Qihong a few more times. The man in front of him had become worth tens of millions in just a few months and had just made a profit of 1200 million yuan from a big company like Cheung Kong Holdings. He really had to admire him.

He became more confident about the next acquisition, after all, money can give people courage.

Luo Qihong roughly glanced through the documents and asked Liang Botao, "Mr. Liang, which company do you think Paramount would be safer to target?"

"I am more optimistic about Zhaoan Real Estate and Hsin Chang Real Estate. Both are listed companies. Zhaoan Real Estate has many high-quality properties, such as Kashima Building, in which it owns a 50% stake. This building is located at 138 Gloucester Road, Wan Chai, with 25 floors (including two basements) and a floor area of ​​21.87 square feet. The third and fourth floors are retail shops. Hsin Chang Real Estate's main business is land development. It currently has four sites under development, all near the urban area of ​​Kowloon, but they are small sites. The largest site is only 3 square feet." Liang Botao laid out his views in full.

兆安地产公司目前市值4千8百万元左右，最大股东即实际经营人持有股权36%，而新昌地产公司的市值是5千7百万元上下，最大股东持有38.3%的股权。

In terms of the difficulty of the acquisition, the two companies are almost the same, but Luo Qihong prefers Zhaoan Real Estate Company because after the successful acquisition, the properties of Zhaoan Real Estate Company are truly dazzling and can increase the share price of Paramount Company as much as possible. However, Xinchang Real Estate Company needs to be operated well to achieve results.

"I am more optimistic about Zhaoan Real Estate. If I acquire it, how much capital do I need to prepare?" Luo Qihong said directly.

"3 million is a safer option," Liang Botao replied.

Of the 3 million in funds, Paramount Company currently has 1 million, so the remaining half needs to be raised by Luo Qihong.

Luo Qihong thought for a long time before he said, "Then let's go with Zhaoan Real Estate Company. My plan is that Paramount Company and I will each invest half. We will first have 1 million yuan in funds to buy secretly. What do you think, Mr. Liang?"

Liang Botao thought for a moment and said, "I think it's okay. Luo Sheng's funds need to be raised quickly. I'm worried about a shortage of funds. If so, it will give the other party time to react, which will be disadvantageous to you and Paramount Company."

(End of this chapter)