Hong Kong 1980: The Savage Era

Chapter 410 411 [Two Land Kings]

Those friends of Wong Yuk-lang refer to Sina News Group director Qian Guozhong and Lim Jianming (Lin Jianyue's younger brother) of Li Sun Group. They redeemed a total of 4% of Wong Yuk-lang's shares from the banks and securities companies that mortgaged the shares of Yuk-lang International Group at a price of 5 cents per share.

Moreover, to obtain this sum of money, Wong Yuk-long had to mortgage 16% of his shares, which could be redeemed later at the original price of 4 cents per share. As a result, Wong Yuk-long obtained 5 million yuan in funds.

If the holdings of his friends were included, Wong Yuk-long's total shareholding would be close to 50%, and Wu Sin and Lo Chi-hung would have no chance at all.

"Mr. Luo, they have an agreement, and those people are on good terms with Huang Yulang. We don't have a chance for now, and it would be easy to alert the enemy." Hu Xian did not agree with Luo Qihong's straightforward approach.

"I know Huang Yulang well. He will definitely not get along peacefully with Qian Guozhong and others, and will not even abide by the previous agreement. There will definitely be problems and cracks between them." Luo Qihong said, "I am worried that Qian Guozhong and Lin Jianming will take advantage of the opportunity to seize Yulang International Group."

Hu Xian frowned slightly. Luo Qihong's words reminded her that Qian Guozhong had more advantages than her. After all, Huang Yulang owed Qian Guozhong money, and it was common to use assets to pay off debts.

Once Yulang International Group falls into Qian Guozhong's hands, she, Hu Xian, will never have the chance to take over Yulang International Group again.

Therefore, the timing of entry must be appropriate, and Wong Yuk-long’s reaction is also very important.

Hu Xian suddenly remembered that Luo Qihong in front of her was an expert in acquisitions, and perhaps she could give him a free consultation.

"What does Luo Sheng think we need to do to make the acquisition a success?"

"Let them hug each other tighter first, then loosen up, and wait for their relationship to deteriorate. This will create a good opportunity." Luo Qihong smiled slightly.

It sounds simple, but the actual operation can easily go beyond expectations, but this is the only way.

"Well, I heard that Luo Sheng has a good relationship with Lin Baixin's family. Can he say hello to Lin Jianming?" Hu Xian said.

Luo Qihong shook his head. "It's not the right time yet. I will go and greet them in person when the time comes. Don't worry, Ms. Hu."

If Bai Jinyan hadn't intervened, Luo Qihong really didn't want to cause so much trouble and expose the Luo family to the public.

After the negotiation, Bai Jinyan finally realized the trouble.

"If I had known this was such a tortuous operation, I would not have participated. The correct thing to do is to take profits and leave."

Luo Qihong patted Bai Jinyan's hand and advised, "Acquisitions are never easy, and companies with potential are the targets of competition. If you lack the heart and patience, how can you succeed in hunting?"

Seeing that Luo Qihong was not angry, Bai Jinyan breathed a sigh of relief. She didn't really feel it was troublesome, but she was worried that Luo Qihong's opinion of her would change.

Dehe Real Estate Company Office

Luo Qihong was flipping through a report, and the sound of the papers was loud and crisp.

"Boss, I have already discussed with the owner of the Gada Building next to the Bank of China Building and the Dutch Bank Building. He is willing to sell the Gada Building, but the price will be slightly higher, 6.7 million yuan, to be paid off within half a year." Su Qishan reported.

The combined area of ​​Bank of China Building, ABN AMRO Building and Garda Building is 3.8 square feet, which can be built into a commercial building with a floor area of ​​65 square feet. Moreover, this building is close to the atrium of Landmark Plaza, and its location is better than that of China Entertainment Properties.

Based on the current rent in Central, the annual rental income can reach 3 million yuan. After deducting management expenses, the net profit will be at least 5 million yuan, and the investment can be recovered in just 2 years.

The rent of commercial buildings in Central has been increasing significantly every year. If you calculate carefully, you can get your money back in 5 years. This deal is really worthwhile.

"Is there any possibility of lowering the price?" Luo Qihong asked, glancing at Su Qishan.

Su Qishan was silent for a moment, and then said, "We should be able to seize the payment deadline to do something. It's not a problem to reduce it to 6.5 million yuan, but it needs to be paid in full at one time."

"The company has money and can pay it off in one lump sum. It will take a long time to keep 2 million in the bank earning interest anyway." Luo Qihong made the decision directly.

"Okay! Then when will our demolition and reconstruction work begin?" Su Qishan asked again.

"Don't worry, just clear out the tenants before April next year." Luo Qihong still wants to make a few million more.

Su Qishan wrote down these decisions in his notebook and continued to report, "There is a rumor that the Hong Kong government is preparing to auction the Wan Chai land king. This piece of land is located on the south side of Wan Chai Harbour Road, covering an area of ​​7.78 square feet. It is estimated that a commercial building with a floor area of ​​140 million square feet can be built."

"The auction price will not be less than 15 billion yuan. According to the estimate of the think tank team, the final price may exceed 30 billion yuan, a premium of more than 100%."

Dehe Real Estate Company has a very weak presence in Wan Chai. It only has the third block of Dehe Plaza which it is still acquiring and some scattered properties. Its presence is not as strong as that in Causeway Bay.

If we can acquire this piece of land and build a 140 million square foot property, it will take off right away.

Of course, the amount of funds required will be huge, at least 50 billion yuan. Excluding bank loans, more than 30 billion yuan in cash will be needed.

"Do you mean we should do it alone or join forces with other companies?" Luo Qihong asked.

"I suggest that we form a joint venture with Zhaoan Real Estate Company and Federal Real Estate Company to acquire the land. We will definitely make a lot of money from this land and there is no need to give it to outsiders." Su Qishan is also a greedy person.

Luo Qihong thought for a moment and said jokingly, "What if there is land for sale in Central? Should we give up this piece of land?"

"The land king in Central? Of course it should be the land king in Central. Compared with the land king in Central, the land king in Wan Chai is not worth mentioning." Su Qishan said in surprise.

"What if I say I want both pieces of land? Do you think Dehe Real Estate Company can take them all?" Luo Qihong continued to tease with a smile.

"You have to be able to afford it. If the boss is willing to let your family participate, I think it will be easier." In Su Qishan's view, Dehe Real Estate Company is more like Luo Qihong's private company rather than family-controlled.

Therefore, the family participation here refers to Dean Securities Investment Company.

"Well, I'll ask them what they think. As for Zhaoan Real Estate Company, I will hold a meeting and you can attend it then." Luo Qihong restrained his smile and said seriously.

"Boss, is the Central land king you are talking about the piece of land south of the Bank of China Building?" Su Qishan knew the situation in Central very well.

As Luo Qihong's most trusted confidant, Su Qishan understood Luo Qihong's goal of dominating Central, so whenever he had free time, he would study properties, land, and even the companies that owned the properties in Central.

Luo Qihong nodded and said, "Yes, it is this piece of land. This is the last piece of valuable land in Central, and it is also our chance to surpass Hong Kong Land."

"But the auction price of this piece of land alone will exceed 50 billion yuan. I'm afraid it will be difficult for our Dehe Real Estate Company to afford it independently. If we join forces with other companies, it will disperse the rights and interests, which is not in line with our ultimate goal." Su Qishan said thoughtfully.

(End of this chapter)