Hong Kong 1980: The Savage Era

Chapter 96 096 [Fund Raising and Rights Issue]

According to the memory of the previous life, after losing Wharf Holdings, the Hong Kong Swire Properties began to set its sights on some large companies in Hong Kong, preparing to spend huge sums of money to acquire them in order to make up for the losses on Wharf Holdings.

In fact, the Hong Kong Land Development also had its sights on another company - Hong Kong Telephone Company. However, this company was not a listed company and had been controlled by the British for a long time.

As a free port, Hong Kong has a large number of foreign-funded enterprises, and local Hong Kong companies also have a large amount of overseas business. As the mainstream communication tool, the telephone is naturally a specialized industry similar to that of bus companies, and is a cash cow with more advantages than the bus industry.

Although Luo Qihong wanted to hype the business, he had no chance to intervene. The British would certainly not give up their shares in such a company. Even if they did, they would not give them to a Chinese like him.

Luo Qihong judged that the Swire Properties would take action in the near future and slowly absorb the shares, and now was a good opportunity for him.

Zhang Taotao nodded doubtfully, "Okay!"

"Just notify me by phone about the sale. I'll come over next time and sign all the documents and contracts at once." Luo Qihong didn't have any extra time to wait here.

When he arrived at Sun Hung Kai Securities, Luo Qihong issued the same order, asking Bai Jinyan to sell the 78 shares of Henderson Land Development Co., Ltd. held by Paramount Company and recover 1 million yuan in funds. At the same time, he asked Bai Jinyan to transfer all the recovered funds to the bank account of Paramount Company.

此时的百乐门公司账上有5百万的现金，加上这笔资金，总额来到1千5百万元，与罗齐鸿所设立的3千万需求底线仍差1千5百万。

Luo Qihong took a sip of coffee and said, "Sister Jinyan, the stock account of Paramount Company will be cleared soon. Are you interested in taking over the stock and securities business of my Zhaoan Real Estate Company?"

"I'm interested. Isn't Paramount's business doing well? Why do you want to clear the account?" Bai Jinyan asked puzzledly. In fact, he secretly guessed that Luo Qihong wanted to leave Paramount.

"These are confidential for the time being and cannot be disclosed to the public." Luo Qihong added, "If it weren't for our relationship, I would never reveal even a single bit to the public."

Bai Jinyan nodded. "Paramount still has a large number of shares of Cheung Kong Holdings and New World Development Company on the stock market, worth about 2 million yuan. I don't recommend selling them now because the share prices of both companies are rising and there is a relatively large profit margin."

After chatting with Bai Jinyan for a while, he drove to Huoduoli Company and found Liang Botao.

"Mr. Liang, the purpose of looking for you this time is to hire Huoduoli Company as the financial advisor of Hehong Real Estate Company to assist me in acquiring Zhaoan Real Estate Company. I plan to use 2 million yuan to acquire the shares of Zhaoan Real Estate Company held by Paramount Company, and at the same time transfer the 1 million mortgage loan of HSBC Bank to Hehong Real Estate Company." Luo Qihong said frankly.

Liang Botao was somewhat confused by Luo Qihong's operation. He had just acquired Zhaoan Real Estate Company not long ago, and now he was going to take it back from Paramount Company. It cost a lot of money to go back and forth. Could it be that he wanted to use this to finance private capital into Paramount Company? Then he could just issue new shares directly.

Even though he was puzzled and didn't understand, Liang Botao didn't ask, but nodded and said, "Mr. Luo, I'm about to leave the Huoduoli Company. Can you let my new company handle this acquisition?"

"Which company is Mr. Liang going to switch to?" Luo Qihong asked with a smile.

"I have discussed with the Bank of Communications and plan to set up Citibank International Financial Advisory Co., Ltd. I will own a certain amount of shares in this company." Liang Botao glanced outside to see if there were any outsiders present.

"Haha!! It turns out that Mr. Liang is going to be his own boss, congratulations! Let's hand over this acquisition case to the International Financial Advisory Company. But will this affect the handling of the transfer procedures for those pledged loans?" Luo Qihong said.

"It is clearly written in the terms of the agreement that Mr. Luo and Paramount Company have the priority right to redeem the pledged shares. I will immediately communicate with CITIC Bank to apply for a loan of 1 million to lend to Mr. Luo to repay the debt." Liang Botao explained seriously, "Mr. Luo, don't worry, I will do a great job." "I feel relieved when Mr. Liang said that." Luo Qihong smiled.

A few days later
On behalf of Paramount Company, Luo Qihong signed the acquisition contract of Warwick Building in Sheung Wan with Zhao Shizeng of Wah Kwong Real Estate Company. The acquisition funds were 4100 million yuan as agreed last time, and 2%, or 820 million yuan, was paid first.

After the transfer was completed, there was about 7 million yuan in the account of Paramount Company, and the debt of Paramount Company successfully exceeded 1.1 million yuan. The balance of more than 9 million yuan owed to Huaguang Real Estate Company could only be repaid by means of mortgage loans.

Although these things were within Luo Qihong's expectations, he still felt tremendous pressure, which was one of the reasons why he wanted to clear out Paramount's stock investment in Sun Hung Kai Securities.

More than 2 million in funds can alleviate the debt situation of Paramount Company to a great extent. As for the future, it can only be handed over to the "successor".

Luo Qihong bribed all major newspapers and hired them to publicize Paramount Company's acquisition of Huaguang Real Estate Company's newly built Shifeng Building and Warwick Building. At the same time, Luo Qihong announced the assets of Paramount Company to the public, but chose to conceal the financial situation. After all, the financial situation was not good.

With such large-scale publicity, Paramount's assets increased by another 1.1 million yuan, making Paramount a hot topic among Hong Kong citizens.

The stock price successfully broke through 2.6 yuan, with a market value of more than 2.2 million yuan, and its strength has risen to the medium level of small real estate companies in Hong Kong.

Of course, Paramount's stock price still has room to rise, and experts predict it will exceed 3 yuan per share, with a market value of more than 2.5 million yuan.

Luo Qihong then released the news that Paramount Company had made profits in the stock market and property speculation. The stock price rose to 7 yuan on July 10, and the market value successfully crossed the 3.5 million yuan threshold.

Dehe Real Estate Company
Luo Qihong and Lin Luoqi discussed the warehouse-style parking lots in Sham Shui Po. These parking lots have all been handed over to Wei Fu Parking Management Company, from which they made a profit of more than 220 million yuan, of which Dehe Company received more than 80 yuan.

Dehe Real Estate Company currently has more than 3 million yuan in funds in its account, owns an office building in Central, and several investment shops, with assets worth around 1 million yuan.

Most of this was due to Luo Qihong. Although he had to manage Paramount and Zhaoan Real Estate, he never really delayed the development of Dehe Real Estate Company.

"It's only been a few months since you took over Paramount, and your company has gone from being on the verge of bankruptcy to having a market value of 3 million. It's really amazing, Ah Hong." Lin Luoqi was amazed at Luo Qihong's operation. Apart from Chen Songqing of Jianing Company, Luo Qihong was the only one who was relatively successful in this regard.

Luo Qihong smiled modestly and said, "I am just repeating what others have said. I learned it all from Chen Songqing."

Lin Luoqi sighed and said, "I also want to try these methods, but unfortunately my mommy and daddy don't agree, and I can't do it alone."

Luo Qihong patted Lin Luoqi on the shoulder and said, "It's right to run the company steadily. We are different. You have a backer, but I have nothing. I am just taking a chance. If I fail, I will probably be in debt."

"Yeah! That's right!" Lin Luoqi suddenly laughed and said, "Let's talk about something happy. Ji De Real Estate Company has successfully acquired Ji De Building in Sheung Wan. The next step is to promote it. I plan to raise funds and issue shares once. All the funds raised will be used to acquire Ji Li Building in Central. I will issue shares again in a few months."

"I also have the idea of ​​issuing shares, but now is not the right time." Luo Qihong smiled faintly.

(End of this chapter)