Hong Kong 1980: The Savage Era

Chapter 398 Chapter 399 [Face]

Meeting room of Zhaoan Real Estate Company

This was a high-level meeting of the company, mainly to summarize the situation in the first quarter.

"In the recent Enping Road property acquisition, the company made a profit of 2 million yuan from Hysan Development Company's shares and holds 5% of the properties on Enping Road," Kang Wenyi reported.

"The property on Enping Road is about to be demolished. You must keep an eye on this matter and make sure nothing bad happens." Luo Qihong said, "There have been many engineering accidents in recent years. If one happens, it will inevitably affect the company's stock price."

"Yes!" the senior staff responded in unison.

"Boss, the company's debt is a bit too heavy at the moment, accounting for 58% of the total market value. Can we launch a new round of share issuance to raise funds?" Cheng Jianshen suggested.

Luo Qihong pondered and said, "The stock market situation is not very good. There is a high possibility that the rights issue and fund raising will not be successful. How does the department evaluate this?"

"The current market value of Zhaoan Real Estate Company is very high. As long as we release some positive news and lay the foundation for it, it should not be difficult to successfully issue shares. We are very confident that we can accomplish it." Cheng Jianshen said.

In fact, the Hong Kong stock market has shown signs of recovery.

"Okay, then you guys get started and announce the share offering plan in late June." Luo Qihong thought for a moment and felt that Cheng Jianshen would not do anything without a purpose.

"We have submitted the tender for the Lam Tin MTR station rooftop property project to the Hong Kong government, and the results will be out before the end of work today," reported Chen Zhilong.

The project's asking price is 9.98 million yuan, and the estimated land compensation fee is 10 billion yuan.

"If we win the bid, the company will pay for all employees to have a meal at the Furama Hotel to celebrate." Luo Qihong smiled slightly. He would never be stingy with such a small amount of money.

"thank you boss!"

Back in the office, Luo Qihong stood in front of the floor-to-ceiling window and looked at the beautiful scenery.

The Lam Tin MTR station project is part of his important plan. Large housing estates are very important to real estate developers. It is like an honor and also a way for the company to increase its credibility.

Zhaoan Real Estate Company does not have any outstanding projects in this regard. If it can achieve some success in large-scale housing estates, the company will enter the next stage.

"If we can't even defeat the Li family in Chengdu, how can we expect to dominate Hong Kong?"

"Li Jiacheng's territory has already taken shape, but I have foresight, so I may be able to snatch his opportunity away."

In the afternoon, around 6 o'clock, the Hong Kong government announced that Siu On Real Estate Company had won the bid with a bid price of 9.98 million yuan.

Because it was too late, the celebration party was held the next night.

The second place is naturally Cheung Kong Holdings, with a bid of 8.8 million yuan.

"This project will not only bring us huge profits, but also lay a solid foundation for us to enter the large housing estate field. After completing this project, Zhaoan Real Estate Company will be a truly large real estate company." Luo Qihong said proudly while sitting on the sofa.

Kang Wenyi nodded and said, "Boss, you are right! Since we successfully privatized Huaguang Real Estate Company and Furama Hotel, the company is only one link left. I believe that within five years, we can climb to the top three real estate companies in Hong Kong."

Kang Wenyi is one of Luo Qihong's confidants, so he naturally knows his boss's thoughts very well.

Luo Qihong nodded slightly. "Our goal is to surpass Hong Kong Land and Sun Hung Kai Properties and become the leader in the real estate industry. Even if we cannot become the leader, we cannot fall too far behind."

"Since we have defeated Cheung Kong Industries, we must make good use of this good news to increase the company's market value." "Don't worry, boss. I already have a specific plan that can guarantee that the company's market value can be raised to 75 billion yuan," said Cheng Jianshen.

the next morning.

The newspaper published an article about the Lam Tin MTR station project, and one editor wrote, "Luo Daheng once again defeated Superman Li and became the new Superman of Hong Kong." Such an arrangement naturally set off a huge wave of public opinion.

Judging from their current wealth and the companies they own, they are actually on par with each other, except that they have their own strengths and weaknesses in certain areas.

When answering reporters' questions, Luo Qihong was very humble. He said that he was not as good as his predecessors and that he still needed to continue learning.

Li Jiacheng said the same thing, saying that young people are energetic and have vision. He is old, but he still hopes to make some contribution to Hong Kong's economy.

Where there is public opinion, there will be hype, which will only benefit, not harm, the stock prices of the listed companies owned by the two people.

Late September

There are rumors in the market that Pang Yalun's Benda International acquired more than 7% of the shares of Hong Kong Television Company from the Li family, increasing its shareholding to 30.4%, making it the largest shareholder of Hong Kong Television Company.

Such operations aroused the vigilance of Run Run Shaw, the chairman and general manager of Hong Kong Television Company. Pang Yalun's move was tantamount to an attempt to seize control of Hong Kong Television Company.

Therefore, Run Run Shaw used his influence to negotiate with several legislators and got the Hong Kong government to announce a limit on the shareholding of overseas individuals and institutions to no more than 10%.

This was used to force Pang Yalun to let go, but Pang Yalun of course would not let go easily and started using his connections, but in the end got nothing.

Mandarin Oriental Hotel Box
"Mr. Luo, I asked you out this time because the Benda Group would like to negotiate with you about the transaction of shares of Hong Kong Television Company. Do you think you can give up these shares?" Run Run Shaw said with a smile.

"Sixth Uncle, let's be business-minded. I didn't give you a low price when I discussed the sale of the theater chain with your film company." Luo Qihong smiled slightly.

It is common to see people trying to get something for nothing. One either has to be eloquent or have a lot of face.

Luo Qihong was already a top businessman in Hong Kong. Although Run Run Shaw was not much inferior to him, he was still not as good as Luo Qihong. Moreover, Run Run Shaw was notoriously stingy. Even with his good friends, he never gave up his interests for the sake of face.

Therefore, Luo Qihong did not want to do a favor to Run Run Shaw, as that would be a pure loss.

"Mr. Luo, can't you give me a bit of face?" Run Run Shaw still had a good face. After all, Luo Qihong was already a powerful business tycoon in Hong Kong.

"This is a 20 billion yuan business. If it was a business worth tens of millions, I would definitely not refuse," said Luo Qihong.

Robert Kuok on the side advised, "Mr. Luo, in fact, it was the idea of ​​the Benda Group to invite you this time. Mr. Pang said that as long as you are willing to let go, there will be no problem on his side."

"I know!" Luo Qihong took a sip of tea. "Hong Kong Television Company is still a high-quality asset. Its annual profit is more than 3 million. It can pay back the investment in 10 years."

Robert Kuok knew that Luo Qihong would not let go until he got the benefits, but it was understandable that they didn't have much dealings with each other, so why should he give you face?

If you have to give face to everyone who comes to your door, how can you do business?

"Mr. Luo, please make some conditions," said Robert Kuok.

(End of this chapter)