Hong Kong 1980: The Savage Era

Chapter 425 427 [Believe it or not]

Wong Yuk-long has offended many people now, and if he offends Luo Qihong again, he will basically have no way out.

Of course, the path Luo Qihong asked him to take was not a good one, but it was the only path he could take.

Wong Yuk-lang thought that he was destined to be an extraordinary person and did not think that he could not defeat Luo Qihong. He just thought that if he had a moment's respite, he would have a chance to turn the tables.

After signing the contract, Wong Yuk-long obtained HK$4 million in funds in just one afternoon. Together with the loan he obtained from the bank, he was able to basically redeem those shares.

……

Monday, September 3
Luo Qihong came to the office of Zhaoan Real Estate Company, picked up the newspaper and started reading. The secretary brought him tea.

Luo Qihong read a piece of news in the Hong Kong Economic Journal carefully.

"The Top Ten Financial Groups in Hong Kong in the First Quarter of 1989."

"The Li family has HK$812 billion, accounting for 11.6% of the total market value, ranking first."

"The Keswick family ranks second with HK$707 billion, accounting for 10.1% of the total market value."

"The Shi Huaiya family has HK$560.7 billion, accounting for 8.1% of the total market value, ranking third."

...

"The Luo Qihong family has HK$375.1 billion, accounting for 5.3% of the total market value, ranking fifth."

...

"The Cheng Yu-tung family has HK$175 billion, accounting for 2.5% of the total market value, ranking ninth."

"The Chen Zengtao family has HK$133 billion, accounting for 1.9% of the total market value, ranking tenth."

The market value of listed companies controlled by the above ten Hong Kong chaebols accounts for 55% of the total market value.

Of course, the most eye-catching thing is Luo Qihong's ranking, which rose from tenth to fifth, which is a qualitative leap.

But it didn't matter to Luo Qihong, because if the asset value of the securities company and Dehe Real Estate Company was taken into account, his family might be able to compete with Li Jiacheng for the top spot.

But Luo Qihong was not very interested in this, it was just an empty title.

The most important thing is that this false reputation will bring a lot of trouble, such as too much attention.

In the eyes of Chinese tycoons, hiding family assets is much more important than this false reputation.

In fact, this ranking is only for ordinary citizens to see. The rich people all know that this is only the superficial wealth of the tycoons.

For example, the Pao Yue-kong family hid at least HK$10 billion in assets, and the only thing on the surface was the Wharf Group.

The Luo Qihong family has more hidden assets, amounting to tens of billions of Hong Kong dollars, which is 3 to 4 times that of the Pao Yue-kong family.

The assets of Dehe Real Estate Company, such as Dehe Plaza in Admiralty, Financial Plaza, and New Sun Plaza in Tsim Sha Tsui, are well known to the citizens of Hong Kong. However, Dehe Real Estate Company is not a listed company, so they cannot be included in the calculation.

Luo Qihong was very satisfied with this. After all, the media reporters did not calculate everything, nor did they focus on explaining the situation of his family assets.

According to Luo Qihong's budget, if Dehe Real Estate Company wins the bid for the Central Garden Road land in June, its assets will exceed HK$6 billion.

If it reaches a prosperous market, it is not impossible to double the price.

Just relying on Dehe Real Estate Company, the Luo Qihong family is able to rank among the top ten chaebols.

"The market value of Zhaoan Real Estate is 126.2 billion. By May or June, the market value will drop by half."

Luo Qihong put down the newsprint and couldn't help thinking. Zhaoan Real Estate Company was doing well, but it plummeted severely during the crisis. Its peers were no exception, and their market value even fell more sharply than its own.

……

Return to my old villa in Deep Water Bay at night.

Luo Yiyu was playing with Luo Zhiying with toys. Luo Yiyu also played the role of an older sister very well and took good care of Luo Zhiying.

In fact, Luo Zhiying rarely comes back here because Luo Qihong is unwilling to do so. After all, Luo Zhiying is his son.

Luo Qixing's son is the eldest son and grandson of the Luo family, while his son is only the eldest son of the second wife.

Luo Qihong doesn't need to inherit these assets, so he wants his parents to take more care of Luo Qixing.

"The market has been booming recently, but I heard that Zhaoan Real Estate Company is aggressively releasing its property assets. Why is that?" Luo Qixing asked.

Luo Qihong smiled and said, "Zhaoan Real Estate Company has several large projects to carry out, and the funding gap is huge, so it needs to sell off assets in large quantities to raise funds."

This is the superficial explanation, but many people do not believe it.

After all, Zhaoan Real Estate Company has never made such arrangements and can raise funds for share issuance from the stock market.

"Is this true? Or false?" Luo Qixing had learned a lot and didn't quite believe what Luo Qihong said.

"Of course it's true, but this is only part of the reason. In fact, because a storm is coming, Zhaoan Real Estate Company began to prepare to escape in advance." Luo Qihong restrained his smile and answered seriously.

"The August 7th stock market crash just passed, how could a new stock market crash come?" Luo Qixing became even more confused.

Luo Qihong shook his head. "This is just the company's forecast. It may not be accurate. It's normal if Big Brother doesn't believe it."

"But if it's true, big brother can only accept his fate."

"Ah Hong, how confident are you?" Chen Yusan asked anxiously.

Luo Qihong pondered for a moment and said, "I'm 6% sure. As I said, you decide for yourself whether to believe it or not."

"Shengyun Real Estate has invested a lot recently. If there is a real crash, it will be in danger of bankruptcy," said Chen Yusan. "On the contrary, if the market is booming, Shengyun Real Estate can make a huge profit."

"According to our estimates, if the current market conditions can continue into next year, Shengyun Real Estate's market value could rise to 18 billion yuan, making it a medium-sized real estate company."

Luo Qihong said seriously, "Every businessman must have his own judgment. I can't always make judgments for you. You'd better make your own judgments. My judgment is just to provide you with a reference."

"This..." Chen Yusan was suddenly speechless.

"Zhaoan Real Estate Company has already sold off a lot of property assets. It has only retained assets in four areas: Central, Tsim Sha Tsui, Wan Chai and Causeway Bay. All others have been sold off. So you can judge for yourself." Luo Qihong made it clear.

"Yes! I know what to do." Luo Qixing nodded.

This time he planned to trust Luo Qihong completely. Last time, because he only half trusted Luo Qihong, their profits were very thin.

If I had believed Luo Qihong at that time, the profit would have been dozens of times more.

The market value of Shengyun Real Estate Company may have already exceeded 15 billion yuan, and it has a place among Hong Kong real estate companies.

"If you want to sell, do it as soon as possible and try to complete it within a month." Luo Qihong reminded again.

Luo Qixing and Chen Yusan's eyes widened. They even knew the exact time, but they were only 60% sure? !
Luo Qihong smiled, completely ignoring the two people's surprise, then walked to the two children, squatted down and started playing with them.

The Luo Qixing couple began calling the company's senior management and asked them to dispose of the company's non-core assets as soon as possible, even if they had to sell them at market prices.

(End of this chapter)