Hong Kong 1980: The Savage Era

Chapter 73 [Take your time to acquire, earning cash is the most important thing]

Luo Qihong nodded slightly. 3 million accounted for 62.5% of the market value of Zhaoan Real Estate Company. Once an acquisition war was launched, it would only be enough. He could intervene in the acquisition in the form of a loan, but it would take some time for the loan to arrive. What if this was a critical time point?

Liang Botao's suggestion was very pertinent, but Luo Qihong wanted to use one-third of the funds to enter the market to acquire shares of Kowloon Motor Bus Company and earn more profit funds.

Maybe this investment can make another 5 million. If so, Paramount Company will be able to take off.

After leaving the Waldorf Astoria Company, Luo Qihong came to Sun Hung Kai Securities. Before coming, he made a special call to Zhang Taotao to inquire about the situation of private funds buying Kowloon Motor Bus Company shares.

After receiving the reply 'All have been purchased, a total of 111 million shares, accounting for 1.11%', Luo Qihong felt relieved. It is still easy for something to go wrong when two accounts from different companies absorb shares together, even if they are informed in advance.

Sun Hung Kai Securities reception room
Bai Jinyan, smiling brightly, was entertaining Luo Qihong and said, "From today on, should I call you Luo Sheng?"

Luo Qihong waved his hand and said nonchalantly, "It's up to you. I still like the previous name and don't think there's any need to change anything. What are the current share prices of Hang Lung Company and Jianing Group?"

"The shares of Hang Lung Group and Carrian Group are 13.84 yuan and 29.66 yuan respectively. Hang Lung Group's stock should have another rise." Bai Jinyan answered very professionally.

Luo Qihong nodded and continued, "Check the share price of Kowloon Motor Bus Company."

Bai Jinyan felt a little puzzled. Kowloon Motor Bus?! Although this stock is not a "penny stock", its growth is not good. In such a good situation, it does not have much growth. It is not a good choice.

So, Bai Jinyan said a few more words, "The recent share price of Kowloon Motor Bus Company is not very good. Should we consider it carefully?"

Luo Qihong shook his head and said, "I know the situation of Kowloon Motor Bus. Go check the stock price first."

Hearing this, Bai Jinyan knew that Luo Qihong must have some inside information, otherwise he would not invest in stocks with poor growth. "Okay! I'll check it out right away."

Not long after, Bai Jinyan came back and reported, "The current share price of Kowloon Motor Bus Company is 4.4 yuan, which has only increased by 0.1 yuan in a week."

Luo Qihong thought for a moment and said, "I have asked Paramount to inject 5 million into the account. This money will be used to secretly purchase shares of Kowloon Motor Bus Company. Remember not to let anyone find out. This is not an acquisition, but just an investment."

"I understand!" Bai Jinyan was a little surprised. Paramount Company was a company on the verge of bankruptcy a few months ago, but now it can actually come up with 5 million yuan to invest in the stock market at once. It was a little unbelievable.

After chatting with Bai Jinyan for a few more words, Luo Qihong left Sun Hung Kai Securities.

Paramount Restaurant Corporate Office
Luo Qihong looked at the property information sent by Su Qishan. When he turned to the page of 'Fule Building, 132 Wing Lok Street, Sheung Wan', his pupils dilated slightly. An owner wanted to sell 50% of the equity in Fule Building for only 2800 million yuan.

In the eyes of others, it may be a bit expensive or not worth it, but in Luo Qihong's eyes, this is a relatively high-quality property. After all, properties in Central are a bit too expensive. A small commercial building requires over 100 million yuan in acquisition funds. How can a small Paramount Restaurant Company afford it?

To be honest, although Sheung Wan is close to Central, the property price is not as high as most commercial buildings in Kowloon city. It will not make much profit if it is used for speculation, but it is a good thing for Paramount Company to increase the value.

Luo Qihong finally shook his head and muttered to himself, "It's still too expensive. The market value of Paramount Company is only more than 5 million, and the asset value is only more than 2 million. I can't afford it."

Luo Qihong still wanted to find a bargain, but unfortunately there were not so many opportunities to do so in such a small country like Hong Kong.

Suddenly, Luo Qihong came up with the idea of ​​selling the remaining properties in exchange for these better properties. It seemed like a good choice. After all, the catering industry had been losing money. So he called in Kang Wenyi, the manager of the catering department. At this time, the catering department was also "too many monks and too little porridge", facing the crisis of layoffs. Only one of the three tea restaurants remained, and the staff was somewhat redundant.

"Please sit down!" Luo Qihong still felt a little upset about Kang Wenyi's last retort, but it didn't affect his work. "I am also planning to sell the last tea restaurant. Does your catering department have any opinions?"

Kang Wenyi was not too surprised, as if he had expected it, and asked, "How is Luo Sheng going to deal with us old employees? Fire or disband the catering department and put the employees into other departments?"

Luo Qihong was somewhat bothered by Kang Wenyi's "ignorance of the times" and said, "This is the company's decision! I have already given you a chance. The catering industry has always been losing money. Does the company want to support these loss-making industries?"

Seeing that Kang Wenyi did not answer, Luo Qihong's tone softened slightly, "Your catering department will be changed to Property Department 2, and you will continue to be the manager. From now on, Property Department 1 will be responsible for managing residential and store properties, while your Department 2 will be responsible for buildings, including commercial and industrial buildings. At the same time, you will be responsible for conducting in-depth analysis of the data collected by the Information Integration Department to assist me in acquiring some suitable and high-quality building properties."

"If there are still people who want to leave, I will not stop them and will give them compensation according to market rules. Manager Kang, what is your choice?"

Luo Qihong hates people like Kang Wenyi. He thinks the boss is young and wants to use his seniority to hold the boss hostage to gain respect. Even after being slapped in the face by the boss, he still looks unrepentant. This guy is a bit stupid.

Why not drive him away?
Luo Qihong believes that Kang Wenyi has the ability, but the key is that he will not stay in Paramount for long. If he fires Kang Wenyi, he may not be able to find a satisfactory replacement. Moreover, the new manager will need time to familiarize himself with the business, the staff, and other complicated tasks, so Luo Qihong chooses to be patient.

As for firing the entire catering department, Luo Qihong felt that it was unnecessary because the expansion of Paramount Company required the help of employees, and newcomers would never be as familiar with the company's procedures as old employees.

"Thank you, Mr. Luo! I will work hard." Kang Wenyi's heart finally settled down. He kept his position. If he were asked to go to other departments to be the assistant of his former colleagues, he would certainly not be able to bear it.

"The sale of the tea restaurant is now in your hands. The price must be higher than the price of the first two tea restaurants. While looking for a buyer, you can also contact Manager Su from the Information Integration Department to ask for some property information and study which properties can be purchased with this money." Luo Qihong continued, "Property and catering are somewhat different, but not too different. You can arrange the affairs of the Second Department yourself."

Luo Qihong never thought about winning over Manager Kang, he just hoped that he could work hard and not play tricks.

Of course, the final decision on the sale of the tea restaurant still lies in Luo Qihong's hands, and Kang Wenyi can't play any tricks.

Jingle Bell! !

The phone rang, breaking Luo Qihong's thoughts.

"Hey! What's going on?"

"Manager Bai Jinyan from Sun Hung Kai Securities wants to see you. Would you like to connect me?" Secretary Cheng Jianshen's voice came through the microphone.

"Let's get it in." Luo Qihong ordered, "Hey! Sister Jinyan, what's the emergency?"

"Ah Hong, the Carrian Group and the Hong Kong Land Development just held a joint press conference and announced a deal. The two companies are going to jointly acquire the old wing of the Miramar Hotel in downtown Kowloon and develop a commercial plaza similar to the atrium of the Landmark. The Carrian Group's share price has begun to soar." Bai Jinyan's voice was a little excited.

In Luo Qihong's view, this was expected. Of course, the 28 billion yuan project could make the share price of Jianing Group rise sharply for some time.

(End of this chapter)