Hong Kong 1980: The Savage Era

Chapter 372 Chapter 373 [Take Action Again]

Three days later.

Liang Zhonghao brought news that their Liang family was willing to sell him 3100 million shares of the hotel, but required the payment to be settled in one lump sum within 7 days.

Luo Qihong naturally agreed. After all, he had already prepared such a huge amount of money and all that was left was to transfer the money.

Kadoorie Family Mansion in Shek O Villa District
There are not many members of the Kadoorie family. There are only three of them in Hong Kong, namely Lawrence Kadoorie, Horace Kadoorie and Michael Kadoorie.

As a super-rich British family in Hong Kong, the Kadoorie family is great at making money, but not at making money for others.

The first generation of Kadoorie - Eli Kadoorie built a empire for the family, but he never got married and had no children. In the end, his two nephews - Lawrence and Horace - inherited the family business.

By the time of the second generation leader Lawrence, he had only one son and one daughter. His son Michael was born in 1941 and is still a wealthy bachelor in 45, and his younger brother Horace is also a wealthy bachelor.

Lawrence and Horace inherited the frugality of the Jews and did not have a luxurious lifestyle, but Michael was a third-generation rich man with an extravagant lifestyle. All his clothes were custom-made by famous chefs, and he was not frugal with his food and accommodation.

However, Michael is not a playboy. He is capable enough to maintain the status quo, but not very good at pioneering.

Lawrence has been managing the China Power Group carefully, while the Grand Hotel Group has been handed over to Michael.

As a result, the Kadoorie family's control over the hotel group became unstable, and there was not enough money to strengthen its control. The operation and development of the hotel was affected to a certain extent, and the asset value was far higher than the market value.

The Kadoorie family has been operating in Hong Kong for hundreds of years and has a very strong foundation. Therefore, many people, knowing this, do not dare to take action against the large hotel groups. Moreover, the Kadoorie family started out as stockbrokers and are extremely familiar with the stock market.

"The Liang family actually betrayed us. It's so immoral." Lawrence said angrily.

In fact, the most immoral people in the world are the Jews, otherwise this nation would not have wandered for more than 2 years.

"This barbarian Luo Qihong is notoriously despicable in Hong Kong and is also very successful in the business world. He will not just invest in big hotels. Michael, you must defend our family business to the death!" Horace said to Michael in a deep voice.

Michael's face was full of bitterness. Luo Qihong was not a small figure, but a well-known Chinese tycoon in Hong Kong. He built the current family business in just 7 years. How dare he say that he was his opponent.

Even if the Kadoorie family had the advantage, he would not dare to say that they could tie.

Lawrence looked at Michael's face and understood what he was thinking. He comforted him, "You don't need to worry too much. I guess Luo Qihong has taken over the 34% stake and has exhausted the cash flow. He won't do anything to the hotel for the time being. We just need to stop him from joining the board of directors, and we'll be successful."

"Michael, immediately arrange to buy up scattered shares from the stock market and try to increase our shareholding. Don't be afraid even if you have to borrow money."

Michael nodded, "Okay, Dad, I'll arrange it right away."

After Michael left, Lawrence sighed, "This time, in order to develop the power company, I exhausted the family's cash flow and caused such a big loophole. It was really my fault."

"We should have been alerted long ago when British companies such as Wharf Holdings, Hutchison Whampoa and Wheelock were acquired by Chinese companies. Now that we have attracted a villain like Luo Qihong, we are in big trouble."

"As long as we catch up now, we should be able to defeat the Chinese Luo Qihong," said Ho Liss.

"I have studied Luo Qihong. It is difficult for us to defeat him, and I am worried that he is waiting for an excuse, an excuse to fully acquire the large hotel group." Lawrence obviously knew that Luo Qihong's capital chain was very complete.

"Are you worried that Luo Qihong will borrow money from the bank to carry out the acquisition?" He Lishi frowned when he heard this.

"Well, Luo Qihong's personal assets are too rich. According to investigations, his personal net worth has exceeded 2 billion yuan, and Dehe Real Estate Company alone has exceeded 1 billion yuan."

Just as Lawrence thought, Luo Qihong was indeed waiting for an excuse.

The next day, the share price of the Grand Hotel Group began to rise unusually, but not significantly.

Because Dehe Real Estate Company has not yet announced the transaction to acquire the 34% stake in the Grand Hotel Group from the Liang Zhonghao family.

Dean Securities Investment Company
When Bai Jinyan learned about this, he looked as if he wanted to say something but hesitated.

Luo Qihong smiled and said, "Do you want Dehe Real Estate Company to transfer the shares of the Grand Hotel Group to De'an?"

"Is it okay?" Bai Jinyan suddenly grabbed Luo Qihong's arm and said expectantly.

"No!" Luo Qihong refused directly. "It was my mistake when De'an acquired the equity of Zhao'an Real Estate Company. De'an is a company that focuses on securities and stock investments, not a comprehensive group."

Bai Jinyan guessed that Luo Qihong would refuse. After all, if Luo Qihong was willing, he would not let Dehe Real Estate Company take over the shares. She just wanted to give it a try.

If Dean Securities can obtain more assets, her position will be more stable and she will be able to get more for her children in the future.

"De'an Company already has a lot of things. The equity of Zhao'an Real Estate, Nikko Real Estate and other companies, which one is owned by an ordinary securities company?" Luo Qihong said seriously.

He found that Bai Jinyan was becoming more and more greedy, to the point of being out of control, so he had to give Bai Jinyan a warning, so as to avoid many troubles in the future.

"Then can Dean acquire some shares of big hotels and use them for investment and profit?" Bai Jinyan said, "The share price of big hotels has risen slightly today. It should be the end of the Kadoorie family."

"Of course you can, and you can absorb it openly." Luo Qihong smiled slyly.

Bai Jinyan's eyes widened, and after thinking carefully, he said, "Aren't you afraid that the Kadoorie family will sue our two companies for 'acting in concert'?"

"What is there to be afraid of? It's just a full acquisition. I'm ready. I just need an excuse." Luo Qihong said cheerfully. He believed that many banks would be willing to lend him money, and he was sure to get a low-interest loan. The most important thing was that he had sufficient funds now, so he could divert funds from other projects and apply for loans from other projects.

"Okay, I'll arrange it right away." Bai Jinyan turned around and left the office.

Luo Qihong's purpose was simple, to raise the share price of the big hotel so that the Kadoorie family could not absorb too many shares.

Siu On Real Estate Company Office

Kang Wenyi rushed in, his face full of joy, as if he had encountered some happy event.

"Manager Kang, what great news has happened? He was in such a hurry that he even forgot to knock on the door." Luo Qihong looked up at Kang Wenyi and said jokingly with a smile.

In his impression, Kang Wenyi is a rather serious person and rarely loses his composure like this.

"The Furama Hotel in Central is ready for sale, and the Fu family is looking for a buyer." Kang Wenyi handed the report to Luo Qihong.

"Please sit down. Why are you standing?" Luo Qihong took the document and motioned Kang Wenyi to sit down.

The Furama Hotel is located at 1 Connaught Road, Central, close to the Chinachem House. Its geographical location is better than the Hang Seng Bank Headquarters Building which is to be auctioned. It also covers an area of ​​nearly 3 square feet, which is larger than the Hang Seng Bank Headquarters Building.

Luo Qihong remembers that the Hang Seng Bank headquarters building covers an area of ​​2.26 square feet and was purchased for HK$8 million, which shows how valuable the land of the Furama Hotel is.

"5 million yuan!" Luo Qihong closed the document absentmindedly. "We should try our best to acquire this hotel. There is very little land in Central, and commercial buildings are rarely for sale."

“Although the selling price is not high, there are many competitors. Many peers want to acquire it, including some large foreign companies,” Kang Wenyi said with a serious face.

"It seems that if we want to successfully take over the Furama Hotel, we have to spend some money." Luo Qihong asked, "How much do you think we should bid to get it?"

"I think a 5% premium is enough," said Kang Wenyi.

"Okay, then we'll offer 8 million. If we fail, forget it." Luo Qihong was very calm.

Kang Wenyi was shocked. He thought his bid was high enough, but he didn't expect the boss to be even more powerful.

"Yes!" Kang Wenyi said, "The company doesn't have this amount of funds. Do we need a loan?"

"Then let's take out a loan. We can raise funds once next year to offset these debts." Luo Qihong nodded.

Now he is no longer so concerned about the privatization of Huaguang Real Estate Company during the August 7 stock market crash. He thinks it can be done in the form of loans. For now, he should focus more on the expansion of Zhaoan Real Estate Company when the market is good.

"Then I'll go and make an appointment with the Fu family. Will you come in person to negotiate? Or will the top management come in?"

"Let me go there in person. This is not a small deal." Luo Qihong waved his hand.

Shangri-La Hotel, Tsim Sha Tsui East

There is a light floral scent in the room, which makes people feel comfortable. This is the effect of aromatherapy.

Huang Tingfang and his son met Luo Qihong here. This was also Luo Qihong's first visit to Shangri-La Hotel.

"There are so many hotels in Hong Kong. It's not strange that Luo Sheng comes here for the first time." Huang Tingfang gave Luo Qihong a way out.

Luo Qihong was not impressed. "Mr. Huang, we have cooperated so many times. There is no need to be polite. Just say whatever you want to say."

Huang Tingfang smiled and said, "Mr. Luo is still so straightforward. I made an appointment with Mr. Luo today because I want to cooperate with him on a project."

"Not long ago, Li Jiacheng and others from Hutchison Whampoa gave up the acquisition of Hong Kong Land. Mr. Luo should be aware of this. Are you interested in joining forces to take over Hong Kong Land?"

Luo Qihong was slightly surprised. He didn't expect that Huang Tingfang wanted to take action against the Jardine Matheson Group. This guy's behavior was very unexpected.

After sorting out his thoughts, Luo Qihong said, "Mr. Huang, although Jardine Strategic Company only holds 26% of the shares of Hong Kong Land, the acquisition is still very difficult and the funds involved are huge. How confident are you?"

"If you say you have a good chance of winning, that's a lie. I think it's a 34/ chance of winning or losing," Huang Tingfang explained. "Jardine Matheson has a strategic relationship with Jardine Matheson, but it's not a wholly-owned subsidiary. It takes time to raise funds. As long as we are fast enough, it won't be a big problem to hold % of the shares in a short period of time."

"The Keswick family doesn't have the strength to fully acquire the Landmark Company. Even if they take out a loan, they won't be as fast as us."

"What Mr. Huang said makes sense. What if the acquisition is successful? How do we divide the Swire Properties?" Luo Qihong believed that Huang Tingfang was a reliable ally, and he also needed an ally.

"Of course it's half each. Which buildings in Central does Mr. Luo want?" Huang Tingfang said generously.

"I want the three newly built commercial buildings. Mr. Huang can give the others to me based on the situation." Luo Qihong looked at the Huang father and son with a smile.

Huang Zhixiang suddenly wanted to sit up straight and say something, but was stopped by Huang Tingfang. "Luo Sheng is really a man of sharp eyes. He immediately asked for the most valuable property. What if I also want one?"

"The three commercial buildings are integrated. If they are separated, their value will be greatly reduced. It is better not to separate them." Luo Qihong said somewhat firmly.

(End of this chapter)