Hong Kong 1980: The Savage Era

Chapter 94 [Weifu Company]

Luo Qihong felt under tremendous pressure. In addition to the final payment for the Warwick Building, he needed to raise 1.1 million yuan in funds. Even if he mortgaged the Shifeng Building and the Warwick Building, he would still need to fill the gap of 3 million yuan.

However, if he can pass this hurdle, the Paramount Restaurant Company will be able to make Luo Qihong a huge profit, possibly exceeding 1 million yuan.

This is also one of the driving forces supporting Luo Qihong.

Jingle Bell! !

An unknown amount of time had passed before Luo Qihong came to his senses when he heard the phone ringing.

"What's the matter? Okay, bring it in." Luo Qihong had a bad feeling.

"Hello! Mr. Zhang (the owner of Kunbao Building), hello!" Luo Qihong said into the microphone.

"Mr. Luo, a buyer has raised the price of Kunbao Building to 3020 million yuan. Do you want to raise the price? If not, I will sign a contract with them."

Luo Qihong raised his eyebrows slightly and responded, "Mr. Zhang, can you please tell me who the buyer is?"

"Mr. Luo, according to the rules, I cannot reveal the information of the other party's buyer. However, since Mr. Luo is the first buyer, I can reveal a little bit. It is Haofeng Real Estate Company."

"Okay, I understand. Mr. Zhang, don't tell them that I already know their identities." After getting Mr. Zhang's agreement, Luo Qihong continued, "Since they have raised the price, I will also raise it, 3 million!"

After hanging up the phone, Luo Qihong smiled even more. It seemed that what happened just now had angered Lin Luoxun, the rich second generation, and he wanted to take revenge on him at Kunbao Building. He actually did the right thing inadvertently.

He guessed that Lin Luoxun's reserve price was between 3400 million and 3600 million yuan. Now is the early stage of bidding, so he can boldly raise the price. The price increase in the later stage may be 10 yuan, or even 1 yuan.

The owner, Mr. Zhang, was quite quick in his work. Perhaps because of the temptation of money, he hung up Luo Qihong and then called the Lin brothers.

In the office, Lin Luoshi put down the phone and repeated Zhang Sheng's words to Lin Luoxun.

"It's expected that Luo Qihong would raise the price. I thought he would do the same as before and raise the price a little more to scare off his competitors. I didn't expect him to only raise the price by 80. It seems that Luo Qihong is not so determined to get the Kunbao Building." Lin Luoxun analyzed with a serious face.

"Then won't our plan fail?" Lin Luoshi said with his thick eyebrows raised. He really wanted to trick Luo Qihong once.

Lin Luoxun shook his head and said, "Not necessarily! But we must be careful with the bidding. If we lose it, I'm afraid we will be the only ones who suffer."

"It would be great if I knew what Luo Qihong's reserve price is." Lin Luoshi complained.

"It's hard to know about this kind of thing. Luo Qihong is the only one in charge at the moment. Even if we get the answer from him, we dare not believe it. But I guess Luo Qihong's reserve price is 3600 million." Lin Luoxun said thoughtfully.

"Why?" Lin Luoshi asked puzzledly.

"According to the growth pattern of commercial building prices in the Sheung Wan area, this year's price may increase by 2% or %. In addition, the funds of Paramount Company will not be too abundant, so it will not exceed %." Lin Luoxun made a sincere analysis.

"What if we overestimated?" Lin Luoshi asked.

“Hmph! Even if we buy this building for 3600 million, we can get our money back by next year. We will just lose some interest, and there is a high probability that the price will go back up by the end of the year.” Lin Luoxun said confidently.

However, they had no idea that the Hong Kong government's upcoming land adjustment this year would seriously affect the price increase of non-prime buildings, and they would probably lose more than just some interest.

Lin Luoshi thought it made sense. After all, the local market was booming right now, and it was only a matter of time before the prices went back up.

Therefore, Lin Luoxun asked Lin Luoshi to directly raise the price by 1 million, which would also facilitate the subsequent bidding and give the other party some illusions. The bidding of both parties was very fast at first, but later it took time to consider, which made the owner Zhang Sheng quite helpless and could only wait.

A private room at Zu Cai Restaurant in Mong Kok
There are eight dishes and a soup on the table, all mixed with delicious flavors.

Luo Qihong sat across from the guest, and both of them had smiles on their faces, and it was obvious that the conversation was quite pleasant.

"Is Weifu Parking Management Company interested in purchasing my four parking lots that are being renovated? They can accommodate about 4 cars." Luo Qihong wiped his hands with a white towel. He had just eaten crabs.

The guest was none other than Li Shixu, deputy general manager of Weifu Parking Management Company, who was in charge of Kowloon city business. He had average looks and average body shape, and nothing special about his appearance.

Luo Qihong thought that since he couldn't compete with Haofeng Real Estate in the work of acquiring the warehouse, he could make preparations in the next step, so he asked the person in charge of Weifu Parking Management Company to come out for a chat.

"Mr. Luo, Wei Fu Company makes a living from parking management, so it is naturally interested in these parking lots. However, your warehouse-style parking lots are really scattered, inconvenient to manage, and not very good for management cost expenditure." Li Shixiu looked a little embarrassed.

Luo Qihong knew that this was the prefix that Wei Fu Company wanted to use to lower the price, but Wei Fu Company was just one of his options, and the price could not drop too much, otherwise there would be no profit margin.

"Let me make an offer. Four warehouse-style parking lots cost a total of 4 million. How about that?" Luo Qihong made the shape of an eight with his fingers.

Li Shixiu glanced at Luo Qihong and shook his head. "It's too expensive. The most we can offer is 160 million per parking lot."

Luo Qihong smiled and decided not to bargain any more. He said, "Well, it seems that Weifu Company and I have no fate. Let's not talk about this anymore. Let's eat."

Retreating in order to advance is also one of the negotiation strategies. After all, WeiFu has competitors.

Seeing this, Li Shixiu was slightly stunned. He felt that Luo Qihong was trying to test the price. Could it be that he had contacted the Weineng Company (Weineng Parking Management Company)? !

"Mr. Luo, to be honest, 2 million for a warehouse-style parking lot is too expensive. But if you can buy all the warehouses next to it and connect them into one, I can give you a price of 170 million per car park." Li Shixiu continued to test him.

"No need for that. Someone has already offered 175 million yuan for one. Today I just asked Mr. Li to come out for a chat to see if I can sell it at a high price." Luo Qihong chuckled and said, with no false expression or action at all.

"It was Vaillant Company that offered 175 million?!" Li Shixiu was somewhat skeptical about the price.

Luo Qihong smiled and did not answer, "Let's eat. The dace at Zucai Restaurant is well cooked and suits my appetite very well."

Luo Qihong's cover-up made Li Shixiu even more certain that it was Vaillant Company that took action. He could not allow Vaillant Company to invade the Sham Shui Po market on a large scale, otherwise Wei Fu Company's position would be shaky.

"Mr. Luo, our Wei Fu company is willing to offer 180 million, and the total price for the four is 4 million." Li Shixiu said sincerely.

Luo Qihong pretended to be embarrassed and said, "I actually want to cooperate with your Wei Fu Company, but the conditions of Wei Neng Company are attractive. They are also willing to take over my other three warehouses that have not yet started construction, and the price is the same."

Li Shixiu knew that Luo Qihong was threatening and blackmailing him, but he had no choice but to accept it. "Okay, Weifu Company can also take over the three warehouses, and the price is also 3 million."

Luo Qihong thought for a moment and said, "Then I'll talk to Vaillant Company and see what they think."

This was to get both parties to bid so that Li Shixiu could reap the benefits. Li Shixiu certainly understood this trick.

"Luo Sheng, let me raise the price again, 185 million each, but we have to sign the contract immediately." Li Shixiu continued to attack the psychological, saying, "To be honest, I have dealt with Vaillant Company many times, and they can't offer 185 million each."

(End of this chapter)