Hong Kong 1980: The Savage Era

Chapter 397: 398 [It’s all caused by greed]

Li Lu Yanqun glanced at Li Dingchang, but held back and said nothing.

In fact, two years ago, someone at the family meeting had reminded Li Dingchang that the reconstruction plan for the Enping Road property should be earlier than other properties, otherwise there might be other invaders.

Unfortunately, Li Dingchang thought that his family's reputation was big enough and no one would dare to challenge him, and now his words have come true.

She secretly sighed, "The family is beginning to decline. If Xiaohe was still alive, there would never be such a predicament."

"You are unwilling to give up Enping Road, so you drag Hysan Development and Hysan Plaza into the water? Do you think Luo Qihong can't handle it? Or do you think you can defeat Luo Qihong?" Li Rongda asked in a deep voice.

"Uncle Tat, don't worry. Luo Qihong cannot acquire Hysan Development Company, I promise." Li Dingchang still spoke in a firm tone, as if he had everything under control.

"You promise? What can you promise?" Li Rongsen frowned deeply. "The family belongs to everyone, not just you. Why should you let everyone take risks with you?"

This time Li Dingchang didn't dare to speak because he noticed the unfriendly looks from his tribesmen.

"Let's discuss how to repel Luo Qihong and Liu Luanxiong's acquisition. Other things can be put off until later." Li Lu Yanqun said.

"Third sister-in-law, do you have any good suggestions?" Li Rongsen asked, calming down.

"The only solution now is to negotiate, or we will have to endure Luo Qihong's threats for a long time." Seeing that Li Dingchang was still unconvinced, Li Luyanqun explained, "Even the Kadoorie family's big hotel group is under the threat of Luo Qihong, let alone us."

"In my opinion, the Grand Hotel Group will eventually fall into the hands of Luo Qihong. Our situation is different. Now things are not too bad. We can give the profit to Luo Qihong and keep Hysan Development Company."

This statement did not immediately gain the approval of the tribesmen. Ultimately, it was a matter of face and interests.

"Third sister-in-law, do you mean to sell No. 1 Enping Road?" Li Rongda asked with a frown.

"Or we can build it together, and we will have certain rights and interests." Li Lu Yanqun said.

Her husband, Li Ka-shing, left behind a lot of assets when he was alive. Together with the success of Li Luk-kwan in the stock market, she now has assets worth more than ten billion yuan and does not need to care about the family's interests at all.

However, this was the family her husband had spent so much effort to build, and she couldn't bear to see it destroyed.

"Co-construction is fine, it should be the best solution." Li Rongsen said, "Then how much do you think is appropriate, sister-in-law?"

Li Luyanqun smiled and said, "Of course the rights and interests are divided according to the area. As for the construction fee, just pay it according to the rights and interests."

Li Rongsen sighed, "I'm most afraid that Luo Qihong and Liu Luanxiong will not agree. The current situation is very clear, and they have the upper hand."

"I don't know about that." Li Lu Yanqun quickly withdrew. She felt that the two brothers wanted her to step forward.

"Dingchang, what do you think?" Li Rongsen still gave some face to Li Dingchang.

Li Dingchang lowered his head and thought, "I have already talked to Luo Qihong once, and the possibility of reaching an agreement the second time is not high. Uncle Sen should choose someone else."

"What? Are you going to back down when you encounter a little problem?" Li Rongsen scolded, "It's hard to build an empire, but it's even harder to keep it. How can you keep the family business with this attitude?"

"Who doesn't have a rough journey in life? Let me take care of it this time, you follow me."

Li Dingchang subconsciously wanted to refuse, but he held back.

"Okay, Uncle Sen!"

Soon, Li Rongsen, Li Rongda and Li Dingchang met with Luo Qihong and Liu Luanxiong.

The two sides did not engage in much small talk and began negotiations after only eight minutes of meeting.

"Mr. Luo, Mr. Liu, if we continue like this it will be disadvantageous to both of us. Why don't you tell us your conditions first?" Li Rongsen said.

Luo Qihong smiled and said, "You are the senior who can see the situation clearly. You are not like Mr. Li Dingchang, who wanted me and Da Liu to lose money right away."

"Our conditions are very simple. Just give up Enping Road. As for the things in my hands, I can exchange them with you."

Li Rongsen pretended to be thoughtful and said, "Mr. Luo, we are not interested in the shares you hold. You can continue to hold the interests in Hysan Place. We just hope that Mr. Luo and Mr. Liu can complete the acquisition." "Enping Road is in the heartland of my family. If we sell it, it will be very troublesome. Why don't we compromise and have a joint venture to rebuild the commercial building on Enping Road? How about it?" Li Rongsen suggested.

Luo Qihong did not answer, but looked at Liu Luanxiong.

Liu Luanxiong knew that he was about to make a scene, so he asked, "How does Lisheng want to form a joint venture?"

"Of course, the rights and interests are divided according to the actual proportion of the area, and the same goes for construction costs." Li Rongsen stared at Luo Qihong and said.

In the eyes of the Li family, Liu Luanxiong is still not up to par. Only super tycoons like Luo Qihong are worthy of their attention. After all, their Li family has been entrenched in Hong Kong for more than 60 years.

There are powerful forces both in politics and business.

"The management rights of the completed commercial building belong to us, and if Hysan Development Company wants to sell its interests, it must give us priority." Luo Qihong and Liu Luanxiong met each other at first sight.

Li Dingchang was a little excited and wanted to speak out his objection, but was held back by Li Rongda.

"Okay." Li Rongsen agreed.

It is a pleasure to negotiate with smart people. Everyone knows each other's background and will not overestimate or underestimate each other. They will only try their best to protect their interests.

After the two parties reached an agreement, they signed the agreement and then began to sell their stocks, each hoping to make as much money as possible.

The one who earned the most was Liu Luanxiong, with a profit of more than 4 million.

This profit was enough for Liu Luanxiong to pay for the acquisition of the Enping Road property, thus obtaining a 60% interest in a commercial building with a floor area of ​​more than 40 square feet for free.

Of course, the construction costs have not been calculated yet, but Luo Qihong and Li Rongsen have already discussed it and plan to use a loan to build a Grade A commercial building on Enping Road and name it Jialan Center.

Once the Grand Lisboa Centre is completed, the management rights will be handed over to Chinese Estates Holdings.

Tuesday, March 4

The three companies simultaneously announced the withdrawal of the acquisition and negotiated to jointly develop Yung Ping Road in Causeway Bay and prepare to jointly build a new commercial building.

As soon as the news came out, the share prices of Chinese Estates Holdings and Hysan Development fell sharply, while the share price of Siu On Properties only fell slightly and its market value was still above 60 billion.

Some stock investors were cursing because they did not make any money but instead suffered some losses.

So many people suspect that these three companies are behind this and just want to make money from their hard-earned money.

But they can only curse and can't do anything else.

In fact, it was their own greed. If they could analyze it a little, they would understand that the acquisition would not last long.

The best thing to do is to make some profit and then sell it.

A reporter interviewed Luo Qihong and asked this question.

Luo Qihong said that as long as you hold for a long time, you can make money from any company's stock, because the stock market has been much more sluggish than in 87.

The reporter asked again, is it time to buy the bottom of the stock market now?

Luo Qihong smiled but did not answer. He broke through the circle of reporters with his bodyguards.

What a joke!
He is not a god, how does he know when the bottom is?
Besides, there is no benefit if you say it right, and if you say it wrong, a lot of people will scold you, so why bother?

As for his smile, some people also think that now is the bottom, so many investors have begun to sweep up stocks in the stock market.

Of course, they also buy the bottom of some large companies or blue-chip stocks, rather than the stocks of small companies.

(End of this chapter)