Hong Kong 1980: The Savage Era

Chapter 408 409 [Prestige]

In October 1988, the Lai Sun Group under the Lam Pak-yan family, the New World Development under the Cheng Yu-tung family, the Fujia Newspaper Company under the Lo Chi-hung family and the Chiu Te-kan family jointly formed a new company, Tomond Investments, and acquired Asia Television from the Far East Group (Chiu Te-kan family company) for HK$10 million.

Qiu Degen holds a 30% stake and is still the largest shareholder of Tomond Investment Company. He remains the chairman of the board of directors of Asia Television, and the management power of Asia Television naturally falls into the hands of the other three companies.

Luo Qihong was very sensible. He only asked for the management rights of the editorial department, the review department and other production-related departments, and let the Zheng family and the Lin family divide the other powers.

In fact, the department that Luo Qihong was assigned to was the most useless and the most stressful. It was a frontline position in the battle with TVB.

If we fail to beat TVB in terms of ratings, Luo Qihong will have to bear the main responsibility.

Luo Qihong felt that he had the ability to do so, and he did not want to let the prodigal Lin Jianyue bring down Asia Television. After all, the relationship between television stations and the media was inseparable, otherwise he would not have allowed Fujia Newspaper Company to accept the 20% stake.

Inside a room at Furama Hotel Central

Luo Qihong hugged Li Jiaxin and watched TV series.

It is a TV series about wealthy families produced by TVB, telling the story of the struggles between members of wealthy families.

Luo Qihong naturally knew that when his children grew up, there would most likely be such conflicts, but he was confident that he could suppress them, and he would also separate the industries when he was full of energy to reduce conflicts.

"Brother Hong, I heard that you acquired Asia Television. Are you going to compete with TVB?" Li Jiaxin was still a little naive. After all, she was only 18 years old.

"What? You, Miss Hong Kong, want me to show mercy to your old boss?" Luo Qihong teased Li Jiaxin with a sly smile.

"No, it's not. TVB is not my former employer. Although they promoted me to be Miss Hong Kong, I won the title based on my own strength, and they also made a lot of money." Li Jiaxin said unhappily.

In her previous life, Li Jiaxin had both the good reputation and the bad reputation of "using beauty to commit crimes". The former was a recognition of her beauty, while the latter was a joke about her stupidity and bad temper.

If it was Kwan Ka Wai, she would probably say, "You are the most important person to me. Although TVB is my old employer, it still comes second."

"Brother Hong, if I can attend the Asia Television program, do you think it will slap TVB in the face and help you?" Li Jiaxin continued to play what she thought was a clever trick.

Luo Qihong guessed what Li Jiaxin was thinking. This woman was restless. He shook his head and smiled, "It won't have much effect. Asia Television has already passed a resolution to poach the core executives, actors, editors, and behind-the-scenes production staff of TVB. In the future, many artists from TVB will appear in Asia Television."

Li Jiaxin pursed her lips. She knew, of course, that Luo Qihong was politely rejecting her request.

"You want to become famous by appearing on the screen, right?" Luo Qihong said jokingly.

"Well, I want to make money on my own." Li Jiaxin said excitedly.

You don't want to make money from Luo Qihong, but go out to make money. Isn't this an attempt to escape?
Luo Qihong knew he couldn't be impatient, so he smiled and said, "Do you know why Guan Jiahui has a real estate company with a market value of more than 10 billion yuan?"

When Li Jiaxin heard the phrase "market value of more than 10 billion yuan", her eyes lit up. "Why?"

"Because she is very well-behaved and doesn't think about showing up in public, and she gave birth to a son for me." Luo Qihong looked at Li Jiaxin meaningfully.

"I'm only 18 years old and I don't want to have children yet." Li Jiaxin said coquettishly.

"It's up to you. I can't just give away tens of billions to outsiders." Luo Qihong still stared at Li Jiaxin, "And tens of billions is just the beginning. I have promised Jiahui that I will increase the market value of her company to 95 billion yuan before 50." This price made Li Jiaxin's eyes widen. Now the market value of the top 95 real estate companies is only tens of billions of yuan. Even in , they are still ranked among the richest people in Hong Kong.

"Can you really do it?" Li Jiaxin was of course tempted.

"What do you think? I am one of the richest people in Hong Kong. There are several wealthy people with considerable wealth who were supported by me." Luo Qihong said with a smile.

"Then I want it too."

"Then you have to work hard." Luo Qihong picked up Li Jiaxin and walked inside with a sly smile on his face.

Li Jiaxin had a somewhat shy look on her face, as the two of them had only had physical contact a few times.

next morning
While buttoning his clothes, Luo Qihong looked at the half-sleeping Li Jiaxin, and couldn't help feeling a little proud. The two most beautiful women in Hong Kong were in his hands, like pieces of collection that he couldn't let go.

While having breakfast, Luo Qihong had already instructed the person in charge of the Furama Hotel to wake up Li Jiaxin at noon, mainly to remind Li Jiaxin to eat.

Luo Qihong spent the whole morning at Zhaoan Real Estate Company and then went to the Grand Hotel Group to attend the board meeting in the afternoon.

In the conference room, after everyone sat down, they all turned their eyes to Luo Qihong.

It was Luo Qihong's first time to attend the board meeting of a large hotel group. Some directors had only heard of him but had never seen him in person, so they were just curious.

However, the joining of Luo Qihong greatly changed the situation of the board of directors, and the Kadoorie family no longer had the final say.

Because the directors all knew that Luo Qihong was not a good person, and following Luo Qihong would ensure they had meat to eat and soup to drink.

The situation is too balanced, which is not necessarily a good thing for them. If they want more, they have to cut other people's flesh. Luo Qihong is the ghostwriter, so he can only cut the flesh of the Jardine family.

"The reason for convening the board of directors this time is that I think the company needs to quickly issue shares to raise funds and raise 7 million to 8 million to develop the company." Michael Kadoorie said in a deep voice.

This is the result of the Kadoorie family's discussion.

Luo Qihong has already joined the board of directors. In order to compete with Luo Qihong, the Kadoorie family must win the support of more directors. Otherwise, once Luo Qihong can win over enough directors, the Kadoorie family will lose the big hotel group forever.

So Michael Kadoorie had to increase his prestige on the board of directors and overpower the other directors.

Luo Qihong raised his eyebrows, knowing Michael's purpose but not being able to stop him.

"What does Chairman Michael want to use it for?"

"The stock market has improved significantly now, and more companies are offering shares to raise funds. Our hotel has a good reputation and of course we cannot fall behind. I plan to redeem all the remaining shares of the Peninsula Manila Hotel."

"The reason is simple. The situation in the Philippines has been chaotic for a long time. I believe things will change soon. We can redeem our funds at a low price now, which is 3% to 4% of the original amount. When the situation stabilizes, we can get our money back within a year."

Michael analyzed very seriously, looking at Luo Qihong from time to time, as if with some provocation.

(End of this chapter)