Hong Kong 1980: The Savage Era

Chapter 78【No Risk】

Luo Qihong did not stay in Sun Hung Kai Securities for long. He had other things to do, and it was not realistic to raise the stock price solely by bidding on the stock market.

Therefore, he personally bribed a reporter from Oriental Daily News to write about the unusual share price movement of Kowloon Motor Bus Company, and even asked the reporter to include Sun Hung Kai Properties, but emphasized the word "suspected".

Who would have thought that just after Luo Qihong finished talking to the reporter, some newspapers’ evening editions immediately published an article titled “The China Motor Bus acquisition case has not yet been concluded, and the KMB war has broken out again?”

The content describes the abnormal rise in the share price of Kowloon Motor Bus Company in the past week, and judges that two companies want to acquire Kowloon Motor Bus Company. It also records some assets and land of Kowloon Motor Bus Company.

Although the stock market has closed at this time, it is basically foreseeable that the share price of KMB will surge tomorrow. However, Luo Qihong is not as happy as expected. Although Sun Hung Kai Properties has performed well, he is also afraid that Sun Hung Kai Properties does not want to force it.

In the previous life, when Sun Hung Kai Properties was acquiring the Kowloon Motor Bus Company, it encountered strong resistance from Lei Juekun. To the disappointment of many investors, Sun Hung Kai Properties did not mobilize a large amount of funds to launch a proper acquisition case with Lei Juekun, but instead decisively withdrew from the acquisition after acquiring a certain proportion of the target shares on the stock market.

Of course, Sun Hung Kai Properties did not give up on the acquisition of Kowloon Motor Bus, but simply took it step by step, eventually secretly purchasing shares to 33.3%, becoming the largest shareholder of Kowloon Motor Bus.

Luo Qihong put down the evening paper and kept deducing the trend of KMB's share price tomorrow. The increase will definitely not be low, but in terms of sustainability, it should not last too long.

"When the price goes up to 7 yuan, it's time to sell it off. Let's ensure personal profits first." Luo Qihong muttered to himself with a heavy face.

The next morning, all major newspapers began to publish the news, with a lot of analysis attached. The report in Oriental Daily was particularly eye-catching. Coupled with the power of major newspapers, investors believed it to some extent.

Before the market opened, investors in the four major exchanges were discussing the matter and were all very optimistic about KMB's shares.

As soon as the market opened at 9 o'clock, the share price of KMB rose from 5.6 yuan to 5.9 yuan, and information about stock delivery kept appearing on the blackboard, and a large number of stocks were snapped up.

All of Paramount's funds at Sun Hung Kai Securities were used to buy Kowloon Motor Bus shares, and the company held 98.5 shares. It was no longer able to contribute, so Luo Qihong went to the trading hall of HSBC to take charge. Once the price rose to 7 yuan, he would sell the shares without hesitation.

At 11:58 am, Zhang Taotao came over to report, "Mr. Luo, the market is about to close. The share price of Kowloon Motor Bus Company has risen to 6.6 yuan. It will be no problem for it to break through 7 yuan in the afternoon."

Luo Qihong nodded, but was still worried because Sun Hung Kai Properties in his previous life was really not strong enough.

"Mr. Zhang, what do your bank's experts think about the KMB acquisition?" Luo Qihong was a little impatient and actually wanted to consult those experts' opinions.

"Considering KMB's huge land reserves, experts believe that KMB's share price is very likely to rise to more than 8.5 yuan." Zhang Taotao answered the question simply.

"What will happen to the stock price if the other party suddenly doesn't want to fight a takeover battle?" Luo Qihong asked Zhang Taotao.

Zhang Taotao was stunned and took several seconds to react. Luo Sheng's thinking was really different from that of an ordinary person. He said, "The stock price should be able to maintain for three hours, and then it will plummet."

Luo Qihong nodded thoughtfully and stopped questioning Zhang Taotao.

Seeing this, Zhang Taotao also left the reception room so as not to disturb Luo Qihong's thoughts.

Before leaving the reception room, Luo Qihong still insisted on yesterday's conclusion, shipping out the goods early to ensure those profits instead of taking risks.

In the afternoon, the Lei family joined the stock buying rush in the stock market, and the stock price rose even more violently, increasing by 4 cents in the first hour alone, successfully reaching the 7 yuan per share mark.

Luo Qihong really wanted to ask Zhang Taotao to sell immediately, but the greedy man in his heart told him to wait a little longer, maybe the price could really break through the 8 yuan mark.

At about 3:7.5, Luo Qihong suppressed his inner petty thoughts and asked Zhang Taotao to sell a small amount of shares at the price of 30 yuan, striving to sell shares in the last half hour. Zhang Taotao knew that the task was arduous, so he ran out to arrange the tasks for the traders.

Luo Qihong was in a nervous mood for another half an hour, until the closing bell rang at 4 o'clock, when his mood finally calmed down.

Zhang Taotao came in to report the situation and said, "Mr. Luo, in the half hour between 3:4 and 32.6:242.8, you sold 78.4 shares of Kowloon Motor Bus Company, recovered million yuan, and still held shares of Kowloon Motor Bus Company."

Luo Qihong nodded and said, "Mr. Zhang, please continue to help me sell small quantities of KMB shares tomorrow. You can sell them at a price above 7.5 yuan. I may come later."

"I understand!" Zhang Taotao responded.

Back to Paramount

Lin Luoqi had been waiting in the reception room for a long time. At the reminder of his secretary, Luo Qihong invited Lin Luoqi to go into the office together.

"What have you been busy with recently? Your secretary can't even find you." Lin Luoqi joked, "Are you bewitched by some vixen?"

Luo Qihong sat down and said with a smile, "I run around with real estate agents in the Mid-Levels and Wan Chai Districts. How can I have time to meet a fairy? On the contrary, you have so much free time. It doesn't even seem like the chairman of a listed company."

"Haha!! I'm just taking a break from my busy schedule. Those shareholders have already started a fight with my dad. This is going to be something interesting to watch." Lin Luoqi couldn't help but feel excited.

"You didn't contact the shareholders in person?" Luo Qihong asked without much concern. Now that he had the Paramount Company in his hands, he was not very afraid of the Lin Zuhui family.

Lin Luoqi shook his head and smiled, "Of course I won't contact the shareholders. I'll send someone to secretly bring the information to those shareholders. Whether they believe it or not, they will check it out and make a fuss."

Luo Qihong nodded. "Yeah. What does your dad say?"

"I don't know yet. There should be a family meeting in the evening, and my dad will most likely announce the results of the disposal." Lin Luoqi said.

"They should have guessed that it was you, or your mom," Luo Qihong said with a smile, "but there is no evidence, or no signs pointing to you, so they can only remain silent."

"My second brother will definitely say that I did it." Lin Luoqi knew Lin Luoshi's personality and style very well.

"I think Lin Luoxun will stop Lin Luoshi. Even if he can't stop him, Lin Luoshi won't just talk about you. He's more likely to talk about your mommy." Luo Qihong laughed.

"Forget it, let them say whatever they want. No matter what, they have already transferred some of their power. It's just that I may not be able to get the management rights of Jide Real Estate." Lin Luoqi said with some concern.

"Let's wait and see. It's useless to speculate now." Luo Qihong smiled and said, "How is the mall in Causeway Bay going?"

Lin Luoqi shook his head. "Some people want to sell it, but they want a 2% premium. Now I have turned to the urban area of ​​Kowloon. I should be able to take over one or two shopping malls there. Let's trade it at the market price."

"The shopping malls near Mong Kok have great investment prospects. We should be able to make some money with a little renovation." Luo Qihong said casually.

"I plan to let Yiren Real Estate Company hold these shopping malls and consider selling them after one or two years. There are many shopping malls in the urban area of ​​Kowloon now, and it is very difficult to speculate on them. We need to stimulate the entire market." Lin Luoqi looked heavy.

Luo Qihong didn't say anything more and changed the topic directly, leading the conversation to some projects of Dehe Real Estate Company.

(End of this chapter)