Hong Kong 1980: The Savage Era

Chapter 401 Chapter 402 [Too Useless]

He Zegui glanced at Luo Qihong. He had noticed the change in Luo Qihong's tone. The big boss seemed to dislike the way he expressed himself.

"I want to transfer some funds from the head office. 1 million yuan will be enough." He Zegui said with a brave face, "The plan is to open 3 to 5 supermarkets in North Point, Causeway Bay, Tsim Sha Tsui and the high-end residential areas in the Mid-Levels."

"Based on the current profit ratio, if there are no unexpected events, the investment can be recovered within three years."

"Three supermarkets, located in Causeway Bay, Tsim Sha Tsui and Mid-Levels high-end residential areas, will pay for themselves within two years." Luo Qihong said decisively, "I will ask the head office to allocate 3 million yuan, and the remaining 2 million yuan will be loaned from the bank."

“Also, when you do things, don’t always rely on funding from the head office. You should consider more about bank loans. I personally don’t like your work style, so you’d better change it.”

Luo Qihong has always been overbearing in doing things. He doesn't like to get used to others, but only others to get used to him.

"Yes, we will change it." He Zegui said.

The senior executives present looked at each other in bewilderment. The boss's style was too overbearing, almost dictatorial.

However, thinking of Luo Qihong's achievements in the business world, they did not dare to resist in the slightest, and did not even have many complaints.

"The market in Hong Kong is very small. You should start considering entering the department store market in the mainland. You can directly adopt the existing supermarket model." Luo Qihong gave the order.

"Mr. Luo, the mainland's economy is still very poor. It is still dominated by vegetable markets, and the per capita consumption is very low. Introducing the supermarket model may result in losses." said another senior executive.

Luo Qihong glanced at the senior executive and said coldly, "Do you know how much money Wellcome and ParknShop lost when they first started supermarkets? Why did they continue to do business despite losing so much money? Do they have too much money?"

These words scared the senior executive and his face turned pale.

"Okay, we will immediately send people to major cities in the mainland to conduct investigations and create a new supermarket brand as soon as possible." He Zegui quickly came out to smooth things over.

"Still use the name of Rocks and build supermarkets in the four cities of Yanjing, Modu, Pengcheng and Yangcheng first. Remember, the properties of the supermarkets must be privately owned by the company and cannot be leased." Luo Qihong no longer had any tone of negotiation, but gave orders directly.

After the meeting, Luo Qihong left Rocks Department Store.

But Locks Department Store stirred up a storm.

"I didn't expect the big boss to be so sharp. He is very different from the rumors."

"Humph! Zhang Renjie questioned the big boss's decision in public. Anyone would have fired him. It's good enough that he's scolded now."

"That's true. It's a rare occasion for the big boss to come to a meeting, but he actually wanted to show off his face. Now he's done for it."

Dean Securities Investment Company Office

Luo Qihong held an invitation card high up and examined it carefully. A teasing voice came to his ear, "Does this Hong Kong TV company want to introduce you to more women? They are trying to please you like this, their intentions are not pure."

Luo Qihong turned his head and glanced at Bai Jinyan, then smiled and said, "I'm just a judge. From what you said, how did the Miss Hong Kong beauty pageant become a nightclub?"

"It's just a nightclub, with a bunch of vain women performing there. Who doesn't want to use the stage to marry into a wealthy family?" Bai Jinyan retorted.

Now that Bai Jinyan has established herself in the Luo family and has a son, how can she no longer be as cautious as before?

She was also worried that if she didn't control him, Luo Qihong would have more women and sons, which would cause more trouble in the future. Seeing this, Luo Qihong roughly summarized the conversations he had with Run Run Shaw and Robert Kuok.

"Run Run Shaw is notoriously stingy and miserly. It should not be him who proposed it. Maybe Robert Kuok wanted to please you." Bai Jinyan said after thinking for a moment.

"This is not flattery, this is a step between each other." Luo Qihong said with a bright smile. Robert Kuok has extraordinary assets in Hong Kong and Southeast Asia, and his network of contacts in Hong Kong alone is not much weaker than his.

But Robert Kuok is a low-key person and rarely appears in public.

There was a joke before that when Robert Kuok attended an auction, the reporter sitting next to him didn’t even recognize him, which shows how low-key Robert Kuok is.

Seeing that Luo Qihong was unwilling to give up, Bai Jinyan changed the subject and said, "The economy is gradually recovering. Should we move our funds in Japan?"

"In that case, let's start bottom fishing. Using a small multiple of leverage, the total investment can exceed 1 billion Hong Kong dollars." Luo Qihong raised a finger, not joking at all.

"So big? If the market rises too slowly, the profit won't be enough to pay the interest. Should it be smaller?" Bai Jinyan was shocked.

"Don't worry, nothing will go wrong." Luo Qihong said with a smile, "I'll be watching, there won't be any big problems."

"Okay, then I'll notify the Japanese branch to start taking action." Bai Jinyan thought of Luo Qihong's record and immediately comforted himself to take a big gamble.

After the August 1th stock market crash, the Nikkei index soared wildly, and many Japanese companies made a lot of money from the stock market, with some companies even making a hundred times more.

You have to know that after the 90s, Japan's real estate market collapsed and the stock market suffered as well, so the increase in the past year or so is very significant.

This is also called Japan's last madness by the financial community.

It was December 88.

Wong Yuk-long's stake in the group has dropped to 36.4%, and his control is no longer secure.

If Liu Luanxiong did not have important things to do and did not care about the friendship between fellow townsmen, he would definitely attack Yulang International Group.

In fact, if Wong Yuk-long had continued to work in the comics industry, there would definitely not be the predicament we are in today. It's a pity that he was too greedy.

In the same month, Liang Botao, then chairman of Peregrine International, proposed a full acquisition of Jade Lang International Group on behalf of Astronaut Company, a subsidiary of Paramount Newspaper Company, at a price of HK$0.8 per share.

At this time, Wong Yuk-long was enjoying a singing and dancing performance in a Japanese Geisha house. Upon hearing that the fire was in the backyard, he immediately flew back to Hong Kong and organized a counterattack.

Wong Yuk-long was caught in a dilemma and was in a state of panic. In order to protect his foundation, he first sold the Yuk-long Centre (formerly the North Point News Building), and then sold 7% of the shares of the big newspaper, cashing in 3.07 million yuan in cash to use for counter-takeover.

Fujia Newspaper Company
"Boss, Zheng Jinghan doesn't have enough stamina and is now considering cashing out." Wu Xiaohao reported.

"I didn't expect Zheng Jinghan to be so useless that he couldn't even last a month." Luo Qihong laughed.

"Should we enter the market? If we can take over 29% of the shares from Zheng Jinghan, it will be a good thing for us and save us a lot of effort." There was a hint of greed in Wu Xiaohao's eyes.

Luo Qihong stacked the documents and said, "Yulang International Group is not our target. The only thing worth mentioning about this company is its comics. The rest of its businesses are rubbish."

(End of this chapter)