Hong Kong 1980: The Savage Era

Chapter 92 [Drive You Out]

“Brother, this is a good opportunity. Luo Qihong’s Paramount Company has made a move and even wants to acquire an entire commercial building in Sheung Wan. It is really expanding desperately without considering the consequences.” Lin Luoshi said with a sneer.

Lin Luoxun was familiar with Paramount and Zhaoan Real Estate under Luo Qihong, and he had not even ignored Dehe Real Estate and Hehong Real Estate. Although Hehong Real Estate Company had been working as a real estate agency in North Point, he vaguely felt that Hehong Real Estate Company was the real "boss".

Therefore, Lin Luoxun knew that Paramount Company had recently acquired the Sheung Wan Summit Building with a market value of 7 million yuan, which greatly boosted the share price of Paramount Company.

According to common sense, Paramount Company had exhausted its funds in this acquisition and did not have the strength to continue acquisitions, but it went on to carry out another acquisition, which puzzled him. However, what he did not know was that Paramount Company only paid 2% of the payment, so he wondered if this was another trap set by Luo Qihong.

Although Ho Fung Real Estate Company is fully capable of taking over Kun Bao Building in Sheung Wan, it certainly does not want to spend extra money, which may even help Luo Qihong achieve other unknown purposes.

"Where is the information about Kunbao Building? How is the collection going?" Even though he had concerns, Lin Luoxun couldn't help but want revenge.

Kun Bao Building is located at 360 Queen's Road Central, Sheung Wan, covering an area of ​​only 13500 square feet, with 16 floors and a floor area of ​​14.5 square feet. The current selling price is 2900 million yuan.

Kun Bao Building is far away from Central and Sheung Wan subway stations, so the price is naturally cheaper and cannot be compared with Shifeng Building.

However, with the start of construction of nearby buildings, the Kun Bao Building still has a relatively good prospect. Moreover, Sheung Wan is currently in the peak season for commercial building construction, and real estate developers believe that Sheung Wan will be the next Wan Chai.

Lin Luoshi handed over a document and said, "The time is too short. We only got some superficial information about Kunbao Building. More detailed information is still being collected."

Lin Luoxun took the information and read it in 3 minutes. He thought about it carefully and said, "The building in this location is not a very good property. Perhaps it is because Paramount Company currently does not have sufficient funds, and Luo Qihong is anxious to raise the stock price, so he is interested in this unremarkable Kunbao Building."

"Do you want to check the current financial status of Paramount Company?" Lin Luoshi felt that Lin Luoxun was too cautious. Having other information to assist in his judgment would help Lin Luoxun make a decision quickly.

"Let's check it out. We can't be deceived again." Lin Luoxun nodded slightly, with a hint of sigh in his tone.

Lin Luoxun asked again, "How is the Sham Shui Po parking lot project going? What is the third brother's reaction?"

"Ever since we ruined the third brother's project on Furong Street, he has been bidding against us like crazy. We spent nearly 40 more to get a warehouse. For the next warehouse, I plan to let him experience the feeling of losing hundreds of thousands." Lin Luoshi said fiercely.

Lin Luoxun glanced at Lin Luoshi and said, "We have already taken over two warehouses and paid nearly 2 million in funds. If we compete with the third brother and take over the third warehouse, I am afraid it will exceed our planned funding range, and it will also increase the price of the Sham Shui Po warehouse, which is not conducive to our future business."

“We’re in the business of renovating parking lots. We can raise the price to the parking lot management company while keeping the profit unchanged. It won’t have much impact on us. We just need to pay more costs in the early stages.” Lin Luoshi didn’t quite understand what Lin Luoxun meant.

"If the price is raised too much, the parking lot management company may not buy it." Lin Luoxun shook his head. "The wool comes from the sheep. The parking lot management company will get back the losses from the car owners. However, if the parking fee is raised rashly, the parking lot business will definitely be bad. How can the management company agree to raise the price to buy it?"

"Then what should we do? Should we give in?" Lin Luoshi's tone began to turn into a question.

Lin Luoxun shook his head again and said, "It's not giving up, it's negotiation. Lao San and Luo Qihong also lost a lot, at least not less than us. We also gained a new business, which is also a kind of revenge on them. There is no need to keep losing money now." Seeing that Lin Luoshi had made up his mind, Lin Luoshi stood up reluctantly, took two steps, and said, "If you want to negotiate, go find Lao San and Luo Qihong yourself. I will not negotiate with them."

"Okay! I'll talk to them in person." Lin Luoxun nodded.

No one can always win in business. Once you feel a little bit of resentment, you should think carefully about how to make the biggest profit. If you keep fighting, it will only benefit others.

Lin Luoxun certainly understood this logic, which is why he wanted to negotiate.

However, the bidding for Kun Bao Building in Sheung Wan is another matter and is not included in the negotiation. This is also one of the reasons for the negotiation.

You can take revenge on Luo Qihong elsewhere.

Monday, September 6
Hutchison Whampoa announced its first quarter profit for 81, with a total profit of 1 million yuan from January to March.
The release of this news caused quite a stir. You should know that in 78, Hutchison Whampoa only made a profit of 1.8 million yuan (for the whole year), which included profits from the sale of bad companies and assets.

Now, only three short years have passed, and Hutchison Whampoa's business performance has become so good that it has to make the outside world stunned.

In fact, since Li Jiacheng took over Hutchison Whampoa, the profit environment of Hutchison Whampoa has continued to improve, and it has returned to the "peak period of the four major trading companies in Hong Kong". It is not an exaggeration to say that it is the third largest company in Hong Kong (before HSBC and Jardine Matheson Group).

Hutchison Whampoa's share price began to rise sharply, increasing by 0.68 yuan throughout the morning, and its market value increased by nearly 3 million yuan. The afternoon's rise is predicted to be no less than 0.7 yuan.

In this case, Luo Qihong's private investment can make a profit of more than 80 yuan, and the rate of return is less than 2%. Although it seems to be a good result, it is actually the lowest rate of return since Luo Qihong started investing.

The only meeting room of Dehe Real Estate Company
It was the first time that Lin Luoxun met Luo Qihong and Lin Luoqi at the same time, which made Lin Luoxun vaguely feel that Luo Qihong was the boss of the duo.

"I'm here today for the warehouse acquisition project in Sham Shui Po. It's not a good idea for us to continue competing like this. It will only hurt both sides and reduce profits." Lin Luoxun glanced at the two of them and continued, "Why don't we put aside our prejudices and not interfere with each other."

Luo Qihong signaled Lin Luoqi to reply. He wanted Lin Luoqi to step to the front so that Xu Jiawen behind him could make things difficult for the Lin Luoxun brothers and prevent Lin Luoxun from always keeping an eye on the business between him and Lin Luoqi.

"Brother, we were the first to start this business, and now we are suffering heavy losses. We still have sufficient funds. If we drive you out of Sham Shui Po, we can make greater profits." Lin Luoqi said what they had discussed in advance.

Lin Luoxun raised his eyebrows and smiled, "Really? You should know something about the strength of Haofeng Real Estate Company. You don't have this strength. And even if Haofeng Real Estate withdraws, those societies will come in to share a piece of the pie. It's impossible for you to monopolize this business."

"We have never thought about monopolizing. We will cooperate with the community in Sham Shui Po in the future to drive you out." Lin Luoqi said in a deep voice.

Lin Luoxun fell silent after hearing this. It was not because he was afraid of Lin Luoqi's cooperation with the society, but why did Lin Luoqi tell his plan to others, and Luo Qihong did not stop him. What was the conspiracy?
"Luo Sheng, Luo Qi, those people in the society are ruthless. If you cooperate with them, you may not make any money, but instead suffer losses." Lin Luoxun threatened Luo Qihong and Lin Luoqi.

(End of this chapter)