Hong Kong 1980: The Savage Era

Chapter 380 381 [Yang Xiecheng]

It was late April.

Sheng Yun Real Estate Company acquired the Hong Kee Building in Central, which gave a boost to the company's market value and its share price began to soar.

Hong Kee Building was occupied in the late 70s and is now nearly ten years old. It covers an area of ​​6500 square feet, has 20 floors and a floor area of ​​13 square feet.

The rent for the area where Hong Kee Building is located is 21 yuan per square foot per month, and the vacancy rate is less than 10%. Three floors are shops, with rents ranging from 3 yuan to 50 yuan per square foot per month.

According to calculations, the monthly rent is about 470 million yuan, and the annual rent is more than 5600 million yuan.

In a booming market, it will take 7 years to recoup your investment.

In fact, if Luo Qihong were in charge, he would definitely hype the property up before selling it and make a fortune, which is better than just waiting to collect rent.

Of course, these operations are only suitable for small real estate companies. For Zhaoan Real Estate at present, holding properties and then raising funds through share issuance to clear debts is the best option.

Luo Qihong also had someone investigate the original owner of Hongji Building. The previous owner planned to sell the building because he was planning to emigrate, otherwise it would not have fallen into the hands of Shengyun Real Estate Company.

Starting this year, the wave of immigration overseas has started again. Many wealthy people have lost confidence in investing in the mainland and Hong Kong and have immigrated there one after another. Therefore, many property owners are taking advantage of the booming property market to sell their properties for cash.

However, Japanese, Australian and Southeast Asian capital increased their investment in Hong Kong, so the properties being sold off were not enough to absorb the capital, especially the properties in Central.

Luo Qihong's funds will soon arrive at Shengyun Real Estate Company's account. As for the contract, Su Qishan will prepare it.

At that time, Martin Investment Company announced the news of Luo Qihong's withdrawal of investment, but also announced that those shares would be taken over by New World Development Company. At the same time, Martin Investment Company acquired 1.69% of the shares of Wing On Group, increasing its shareholding to 43%, further narrowing the distance.

"It seems that Cheng Yutong and his son can really swallow up the Wing On Group." Bai Jinyan sat in her exclusive chair with her pregnant belly.

Luo Qihong smiled and said, "I don't know if it will succeed. Although the Guo family has declined, the rotten boat still has three pounds of nails, which is not so easy to swallow."

"Moreover, none of the department stores, banks, financial investments and other businesses under the Wing On Group are profitable. They are all money-losing. After taking over the Wing On Group, we have to find a way out for these companies."

"Didn't you say that the Guo family could redeem the ancestral property? They shouldn't give up their ancestral property, right?!" Bai Jinyan moved his body and changed his sitting position.

"The Guo family is not foolish. Even if they want to inherit the family business, they will lower the price. The most important assets have been taken away, which will make them even angrier." Luo Qihong believes that such negotiations will also be long.

"No matter whether they are angry or not, Hong Kong has so few resources. How can we develop if we don't fight for them?" Bai Jinyan said with a smile. If De'an Company didn't have more important projects, she would definitely not agree to let go.

"Sell the shares of Yongan Group in your hands quickly and don't hold them anymore." Luo Qihong handed Bai Jinyan a glass of water.

Bai Jinyan took the cup of water, his expression froze, and asked, "When did you find out?"

"I knew it when you bought it secretly. I just wanted to see your operation and judgment." Luo Qihong smiled slightly. He could accept that the woman had some little thoughts.

This money was not embezzled from the company, but was Bai Jinyan's personal fund, and she also operated it herself.

Luo Qihong discovered something wrong when he was inspecting the business report, so he asked his subordinates to investigate.

In fact, De'an Company is under the management of Bai Jinyan, but several of the company's management staff were inserted by Luo Qihong.

Bai Jinyan pursed her lips. She was naturally not afraid. Now that she was pregnant, everyone would be wary of her, even Luo Qihong himself.

And the baby in her belly is a boy, Luo Qihong's legitimate son. Guan Jiahui's eldest son is not as important as her son.

"Okay, then I'll arrange for staff to help sell it." Bai Jinyan said. "It's understandable to use personal funds for investment, there's no need to be so sneaky." Luo Qihong smiled faintly.

"It's because of your influence that I feel that Yong'an Group's acquisition will not succeed. If it succeeds, I won't buy it." Bai Jinyan said somewhat aggrievedly.

"Haha!! You're actually relying on me." Luo Qihong said jokingly.

"This is the information sent back by the Singapore branch." Bai Jinyan picked out a copy from a pile of documents on his desk.

"What information? So serious." Luo Qihong took it with a smile and looked at it for a while.

Bai Jinyan asked in confusion, "Yang Xiecheng is just in the sauce business, not a highly profitable industry. You seem to be very concerned about this company."

Yeo Hiap Seng is not a listed company in Hong Kong, but has close ties with Hong Kong, just like the Liem Sioe Liong family in Indonesia, the Kuok family in Malaysia and the Dhanin family in Thailand, who all own large assets in Hong Kong.

These families are all named on the Hong Kong rich list.

The land owned by Yeung Hip Sing in Hong Kong is worth billions of Hong Kong dollars. Once it is used to build residential buildings, he can make a profit of tens of billions of Hong Kong dollars.

Hong Kong people are no strangers to Yeung Hiap Seng, as his soy sauce, beverages and canned foods are all well-known in Hong Kong.

Now that Yeo Hiap Seng's second-generation head, Yeo Tien En, has passed away, his third son, Yeo Chi Yaw, has taken over as chairman of Yeo Hiap Seng's board of directors and the third-generation head of the Yeo King Lian family.

The second generation leader, Yang Tien En, had great prestige and was able to control his clansmen, but Yang Zhi Yao did not have much prestige, so Yang Xie Cheng was bound to encounter disaster.

According to Luo Qihong, the other four branches of Yang Jinglian's family were dissatisfied with the fact that Yang Tianen's branch had monopolized the power of Yang Xiecheng for more than half a century.

As soon as the younger generation Yang Zhiyao makes a mistake, other external forces will surely take advantage of the situation, and it will only be a matter of time before Yang Jinglian's family is eliminated.

Whether it is the assets in Hong Kong or taking the opportunity to enter Singapore, Luo Qihong has to take down Yeoh Hiap Seng, otherwise it will be difficult to develop into a powerful family.

"This is the strongest bridgehead for our family to enter Singapore. Although I have some business in Singapore, it is heavily guarded. How can we break through without a strong company?" Luo Qihong closed the document.

"Are you saying that there will be internal strife in the Yang family?" Bai Jinyan asked.

Luo Qihong smiled and said, "Let me ask you a question. If I die, do you think you can protect all your businesses?"

Bai Jinyan was stunned for a moment, then she said excitedly, "Pah, pah, pah! Why are you saying such unlucky words? I don't want to be a widow."

"Just hypothetically." Luo Qihong didn't mind such words. If the curse was effective, those enemies would definitely curse him more than ten times a day.

Seeing Luo Qihong so serious, Bai Jinyan lowered his head and thought for 2 or 3 minutes before answering, "I can't keep it. I can only ensure that nothing happens to De'an Company. It's difficult for me to control other companies all at once."

"These are my things. There are only a few family members and you can't even keep them. Do you think Yang Zhiyao's situation will be even worse?" Luo Qihong said with a smile.

“So, can we control a large listed company again?”

"This will take time. For now, we can only hide in the dark and wait for the Yang family to make a mistake." Luo Qihong said, "But we have many competitors. Such a good company, everyone is salivating."

"I believe you can beat those people." Bai Jinyan encouraged Luo Qihong.

(End of this chapter)