Hong Kong 1980: The Savage Era

Chapter 80 [Lack of money everywhere]

"Yeah! That makes sense! Then I'll be quiet for a few days." Lin Luoqi agreed with Luo Qihong's analysis.

As Luo Qihong was thinking, another idea popped into his head. It would be much more profitable than acquiring that floor of the Central office building, but this idea was a little difficult to implement.

Of course, we still have to get this Central office.

The two chatted for a few more minutes before hanging up the phone.

Luo Qihong stared at the dark red desk and fell into deep thought. It was expected that Lin Luoxun was kicked out of the management team of Jide Real Estate, but he was a little surprised that he retained his position as a director of the board of directors. This proved that Lin Zuhui still wanted his eldest son to take charge of Jide Real Estate.

Therefore, it is still quite difficult to have Lin Luoqi replace Lin Luoxun. Now it seems more likely that Lin Zuhui will invite a professional manager.

Can those shareholders and Xu Jiawen openly support Lin Luoqi in managing Jide Real Estate? !
Luo Qihong shook his head and drove this plan out of his mind. Regardless of whether Lin Luoqi would dare to do it or not, it would very likely expose him as the strategist behind the scenes. It was really unnecessary for the sake of an office on the first floor of a Central Commercial Building.

He didn't want to confront Lin Zuhui head-on, he just wanted to develop quietly and make money in a low-key manner.

As for Lin Luoqi, let him have fun by himself.

Soon, Luo Qihong made up his mind and stopped thinking about the matter, and began to focus on other things.

According to previous plans, Dehe Real Estate Company's next project is to speculate on commercial buildings in Wan Chai. The Kashima Building owned by Zhaoan Real Estate Company is located at 138 Gloucester Road, Wan Chai. Zhaoan Real Estate Company only has 50% of the equity of Kashima Building, and the other 50% is held by a company called Santai Industrial Co., Ltd.

Therefore, Luo Qihong immediately went to the Paramount Company and looked through the information collected by Su Qishan. One of the documents had a relatively detailed record of Santai Industrial Company and its assets and properties.

Santai Industrial Company was established in 63. Initially, it was engaged in the textile and garment industry and earned a lot of profits and assets. Seeing the prosperity of the real estate industry, the founder Li Yongzhi used this as capital to enter the real estate industry in 70, and let Santai Industrial Company be listed during the bull market in 72. Now it is a listed company engaged in real estate and garment manufacturing.

However, the market value of Santai Industrial Company is not high, slightly higher than that of Zhaoan Real Estate. Its current market value is 1.3 million yuan, and Wan Chai Kaohsiung Building is just one of its properties.

The information did not indicate whether Santai Industrial Company had the intention to sell its 50% stake in Kashima Building, so Luo Qihong summoned Su Qishan.

"Go check the situation of Santai Industrial Company, the owner of the Ludao Building in Wan Chai, to see if they have any plans to sell their 50% stake in the Ludao Building." Luo Qihong ordered.

Su Qishan took a look at the information and seemed to remember some useful information. "I remember that the current business situation of Santai Industrial Company is good, but their boss Li Yongzhi is ambitious and wants to expand his strength and enter the field of medium-sized site development, so he needs a lot of funds. I guess we should talk to them."

Naturally, Su Qishan misunderstood and thought that it was Paramount Company that wanted to acquire Santai Industrial Company's 50% interest in the Ludao Building in Wan Chai. He knew that it had made several million in profit last time and felt that Paramount Company had the ability to do so.

Luo Qihong thought for a moment and said, "Okay, then, please ask Li Yongzhi to come out for a chat. You need to explain your intentions to them. If they have no intention of selling, we don't need to waste our time."

"Yes, I understand!" Su Qishan nodded.

Luo Qihong's plan was very clear. Dehe Real Estate Company would first buy 50% of the rights and interests in the Kashima Building, and then transfer it to Zhaoan Real Estate after acquiring Zhaoan Real Estate Company, allowing Zhaoan Real Estate to own the entire Kashima Building in Wan Chai. Dehe Real Estate Company would take the opportunity to make a small profit, and he himself could also recover some of the cost funds from this transaction.

Why didn't Hehong Real Estate acquire it? Two words: no money!
Su Qishan did not leave the office immediately, but continued to report other things. "Boss, the Nanyang Center shopping mall in the east of Tsim Sha Tsui invested and developed by Sino Land Development is about to be sold. Should our Paramount Company get involved?" Much of the land in the east of Tsim Sha Tsui was acquired by the Hong Kong government through large-scale land reclamation in the 60s. It has now become a paradise for shopping malls and hotels. Sino Land Development acquired 8 pieces of land in this area and established a huge empire.

However, Sino Land Company needs a lot of funds to expand its territory. For example, at the beginning of this year, it cooperated with Hong Kong Land Development to develop the Pak Pik Shan area on Tai Tam Road in Hong Kong Island. It spent 13.08 billion yuan to purchase this land and planned to build villa-style luxury residences.

Therefore, Sino Properties needs a lot of development funds and can only sell some non-core assets in Tsim Sha Tsui.

"Of course I will participate." Luo Qihong looked at the documents Su Qishan handed over and asked, "How much shopping mall area do you have the confidence to help the company acquire?"

Su Qishan said excitedly, "One floor, a whole floor!"

"Okay, one floor of Nanyang Center shopping mall will cost about 6 million. Try not to offer a price higher than 7 million," Luo Qihong instructed.

"I understand!" Su Qishan responded.

Luo Qihong lit a cigarette and puffed out smoke with squinted eyes. The acquisition projects of Sheung Wan's Peak Building, the first floor of Nanyang Center shopping mall in the east of Tsim Sha Tsui, and Siu On Real Estate Company all required huge amounts of funds. The first floor property of Nanyang Center shopping mall was easy to deal with, as it was easier to raise the funds by piecing together various pieces. The funds for Siu On Real Estate Company were already prepared, and the only thing left was the Sheung Wan Peak Building.

"Even if I borrow half of it, I will still need to pay nearly 2 million in cash. Where can I find so much money?" Luo Qihong couldn't help but frown and sigh.

When he returned to North Point after get off work, Luo Qihong had already moved back home and gave up the rented house. However, Luo Qihong still didn't want to live here. Compared with the room in his previous life, it was a bit cramped. Moreover, he had made a lot of money now and should aspire for better living conditions.

So Luo Qihong thought about buying a villa, or at least living in a high-end residence in the mid-mountain area, so that he would have more motivation to work hard.

He is not an entrepreneur of the older generation who works silently like an old ox, leaving the rich second generation to enjoy themselves. He also wants to enjoy the fruits of his struggle so that he can work harder.

"Have all the equipment from Kowloon Bay been moved here?" Luo Qihong took a sip of soup, looked at Luo Qixing and asked.

Lin Ya answered first, "We have moved everything here. There is nothing else in Kowloon Bay."

Lin Ya and Luo Zegui were both very happy that their younger son had become successful and was willing to help their older son. This family was both warm and harmonious and had a bright future.

Only Luo Zegui felt a little nostalgic for every tree and blade of grass in Kowloon Bay. Lin Ya and Luo Qixing had wanted to move to North Point for a long time, but they were reluctant to do so before, largely because of Zhang Qianqi.

Now Zhang Qianqi has found a better target and kicked Luo Qixing out. Most of the family conflicts have disappeared instantly and the harmony of the past has been restored.

"Ah Xing will slowly pay back Ah Hong the money used to buy the company and the house. How about this: pay 1 yuan a month. The company's profits will be divided into two parts, one for each of you two brothers." Luo Zegui announced the decision directly, without any negotiation.

Luo Qihong smiled and said, "Okay, but Big Brother still needs money for the bride price, wedding banquet and other expenses. I think I can pay this money back slowly. Besides, I have already taken a share of the company's profits and I haven't contributed anything to the company. Why not do this?"

"The company's profits are divided into three parts, one for you two elders and one for each of us brothers. These profits are regarded as repayment."

(End of this chapter)