Hong Kong 1980: The Savage Era

Chapter 82 [I still have some courage]

Of course Luo Qihong didn't believe what Li Yongzhi said. If they really wanted to make money, no one would give it to a stranger they just met. There must be something fishy, ​​and Paramount Company didn't have any spare funds.

"Mr. Li, I also want to make money with you, but my company really doesn't have the funds." Luo Qihong politely refused.

Li Yongzhi was a smart man, so he didn't continue to persuade him. He smiled and said, "It's okay. If Luo Sheng has funds, you can call me. I heard that Luo Sheng managed Paramount from the brink of bankruptcy to the present, and he was able to take over Kashima Building. He is really sharp."

After negotiating with Li Yongzhi for a while, they went to the law firm to sign the contract. Luo Qihong handed Li Yongzhi a check for the down payment of 640 million yuan on the spot.

This money is used to purchase the first floor of Nanyang Center shopping mall. It will be diverted now. Later, Luo Qihong plans to sell shares of Hang Lung and Carrian Group in the stock market to recover part of the funds and alleviate the current financial difficulties.

"Is there something wrong with Li Yongzhi's Santai Industrial Company?" Luo Qihong asked Su Qishan while driving.

Su Qishan shook his head and said, "I haven't heard of such news, but I can check it out."

Luo Qihong stopped the car at a traffic light and said, "No need to check. If we have to check, we should check whether there is any problem with Kashima Building. It will not benefit us to check Santai Industrial Company."

Luo Qihong was skeptical, but also felt that it was not a big problem, otherwise Li Yongzhi would not have agreed to pay off the remaining balance within three months.

"Okay, I'll ask someone to check it out as soon as I get back." Su Qishan nodded.

"There is one more thing. Go to major newspapers and publish the news that we have acquired 50% of the shares of Kashima Building." Luo Qihong did this for two purposes. It could both publicize the good news for Paramount Company and see if there was really any problem with the 50% stake in Kashima Building.

Sun Hung Kai Securities reception room
Luo Qihong signed some documents, looked up and said to Bai Jinyan, "Sell all the 5 shares of Jianing Group and 9.4 shares of Hang Lung held by Paramount Company, and then transfer the funds to Paramount Company's bank account."

"Yes!"

More than an hour later, Bai Jinyan returned to the reception room. "All the shares of Hang Lung and Jianing Group held by Paramount have been sold. The average price of Hang Lung shares was 16.6 yuan, and the funds raised were 153 million yuan. The average price of Jianing Group shares was 35.6 yuan, and the funds raised were 174.4 million yuan. The total funds raised were 327.4 million yuan."

Luo Qihong nodded and said, "How many shares did you get from the subscription of Henderson Land Development Company?"

"There are only 78 shares at the moment, and the capital required is 312 million yuan." Bai Jinyan replied.

Luo Qihong felt that 78 shares were not a small number, but he still wanted more. "There are still several days before Henderson Land Development's listing. Can we get more?"

Bai Jinyan responded, "I'll try my best."

Paramount Company still has more than 6 million yuan in its account at Sun Hung Kai Securities. It wanted to use this money to make up for the 640 million yuan required to purchase the Kashima Building. But now that his plan is going to fall through, Luo Qihong can only find another way.

Luo Qihong then went to HSBC to apply for a mortgage loan for 50% of the equity of Kashima Building. After much persuasion from Luo Qihong, he finally got the highest loan standard of 7% and obtained a pledge loan of 2250 million yuan.

Of course, this amount of money was not enough to pay the balance of Santai Industrial Company, but three months was enough for Luo Qihong to make money and earn a lot of profit.

Since the money could not be received immediately, Luo Qihong could only focus on other things first.

Monday, September 6
When Henderson Land Development Co., Ltd. was listed on the stock market, shareholders who failed to subscribe to the new shares frantically scrambled for scattered shares on the stock market. In just 10 minutes, the stock price climbed from 4 yuan to 4.2 yuan, and rose to 5.3 yuan within an hour. However, the rise eased after an hour, otherwise the Securities Regulatory Commission would have called a halt.

Luo Qihong learned about the crazy rise of Henderson Land Development through Zhang Taotao's phone call, and the corners of his mouth curled up. As long as he could make a lot of profit on this stock, the rest would be easy. Ding-ling-ling! !

The phone rang suddenly, and the urgent voice interrupted Luo Qihong's happiness.

"Hello! Okay, answer it!" Luo Qihong had a bad feeling, "Mr. Liang, is there anything urgent?"

Liang Botao's voice came from the other end of the receiver, "It's bad, Luo Sheng. Zhaoan Real Estate Company has discovered our acquisition intention, and now we need you to come to Huoduoli Company immediately. Some things are better to be decided on the spot."

"Okay! I'll be there right away." Luo Qihong picked up his suit jacket on the back of the chair and left the office with a gloomy face.

Waldo Company Reception Room
After reading the information, Luo Qihong said, "We now hold 32.4% of the shares, 3.6% less than the major shareholder Huang Bingzhong. We have more than 3 million yuan in remaining funds, which is definitely not enough."

Liang Botao felt Luo Qihong's gaze and said, "The bank's 1 million loan can be received immediately. Mr. Luo doesn't need to worry about this."

"Okay! Mr. Liang, let's go meet those small shareholders of Zhaoan Real Estate right away and try to get their stocks. If we hold more than 40% of the shares, we will basically be successful." Luo Qihong said solemnly.

"Yes! I have also made an appointment with four shareholders. They hold about 4% of the shares in total." Liang Botao said as he walked, "If we can take them all down, Huang Bingzhong will have no chance of recovery."

A coffee shop in Central
The environment is quite quiet, and the green plants are arranged appropriately, which makes people feel very good.

"Let me introduce them. They are Mr. Zhang Wenhe, Mr. Luo Junjie, Mr. Cao Jian, and Mr. Lin Feng, the directors of Zhaoan Real Estate Company. The person next to me is Mr. Luo Qihong, the buyer today."

"Don't underestimate Mr. Luo Qihong because he is so young. He is already the chairman of the board of directors of the Paramount Restaurant Company, worth tens of millions of dollars, and his private company is also well-known in the real estate industry. Not long ago, he made a profit of 1 million yuan in the Sai Chui Fung Terrace residential area in Tsuen Wan." Liang Botao gave a relatively detailed explanation of Luo Qihong's deeds, intending to tell the four people that Luo Qihong was not easy to deal with.

"Hello, Mr. Zhang, Mr. Luo, Mr. Cao, and Mr. Lin! My name is Luo Qihong. My Paramount Company wants to acquire the shares of Zhaoan Real Estate Company held by you. I am willing to pay a 2% premium for the acquisition. What do you think?" Luo Qihong asked frankly.

These people were all experienced business people and they probably guessed the cause of the incident and how anxious Luo Qihong was, so they decided to just state it directly.

The four of them looked at each other, and Cao Jian smiled and said, "Mr. Luo, do you mind if we ask how much you hold?"

"It's close to 38%." Luo Qihong slightly raised the proportion, so that he could suppress the profit-making desire of Cao Jian and others.

"It seems that Luo Sheng is determined to acquire Zhaoan Real Estate." Lin Feng smiled slightly. "Although Luo Sheng's shareholding is not low, the major shareholder Huang Bingzhong's shareholding is also not low. The 2% premium seems a bit low."

"Mr. Lin, please name a price." Luo Qihong didn't want to waste time here, and everyone present knew it well.

"We don't want much, how about a 3% premium?" Lin Feng raised three fingers and said lightly.

"The three of you too?" Luo Qihong turned his gaze to Cao Jian and the other three.

Seeing the three of them nodding with smiles, Luo Qihong immediately agreed, "Okay, 3% premium, which is 1.6 yuan per share. Let's go to the law firm to sign the contract now."

Liang Botao thought Luo Qihong would argue with these four people, but he agreed directly. This showed his courage very well. Making decisions promptly is a basic quality in the business world.

(End of this chapter)