Hong Kong 1980: The Savage Era

Chapter 430 432 [Cannot Guarantee Success]

Dean Securities Investment Company Office

There was a large elephant computer on the desk, with data jumping on the screen.

"Today's Hang Seng Index fell 570 points as soon as it opened. The stock market has reached extreme panic." Bai Jinyan said.

Luo Qihong stared at the screen and said in a deep voice, "The current Hang Seng Index is 2132.78 points. I think it will fall further, but there is not much room for decline. It is difficult to fall below 2 points, so we can buy in."

"Why don't we buy in a small amount first, and then enter the market in large quantities when it approaches 2 points, how about that?" Bai Jinyan suggested.

Luo Qihong nodded. It seemed that the Hang Seng Index was not much different, but the amount of investment was too large, so the difference would be significant, even hundreds of millions in profit.

"Then buy blue chip stocks like Cheung Kong and Sun Hung Kai Properties first."

"Okay, I'll let the exchange staff do the operation immediately." Bai Jinyan responded.

After Bai Jinyan finished his instructions, Luo Qihong said, "We must also start selling all investments in the Japanese market. Don't leave any investment behind this time."

Bai Jinyan's eyes widened slightly. "Japan's local and stock markets have experienced some fluctuations, but there shouldn't be a big drop, right?"

"I judge that there will be a huge drop, even bigger than the stock market crash in 87, and the Japanese market has reached its peak. We need to shift our investments," Luo Qihong said thoughtfully.

Bai Jinyan was still thinking about making the last penny of profit, but she agreed with what Luo Qihong said later, that the Japanese market had reached its peak.

"Okay, then I'll go there myself."

Buying at the bottom is relatively simple, while selling is relatively troublesome because one has to pay attention to the shocks caused by selling, which is related to profits and one's own reputation.

Luo Qihong shook his head. "The investment in the Japanese market is as high as billions. It will take at least two months. You can't stay in Japan for that long."

"Let's send a few trusted senior executives over. You stay in Hong Kong and help me deal with other matters."

It’s not that Luo Qihong doesn’t trust other people, but Bai Jinyan can sometimes remind him to avoid making mistakes and causing big losses.

……

the next morning.

Chen Zhilong came to Luo Qihong's office and reported to him, "Boss, we have checked it out. There are 6 consortiums participating in the bidding for the Garden Road land king this time. They are Cheung Kong, Great Eagle, Sun Hung Kai and Robert Kuok, New World and Henderson Land Development, Evergreen, Sino and Nan Fung Development, as well as our Siu On Properties and Tak Hop Properties. The Hong Kong government has notified us to submit our bids before the 25th."

"We got multiple quotes and it was hard to tell the real from the fake. Many companies have taken precautions and it was hard for us to get real news."

Luo Qihong waved his hand and said, "It doesn't matter! The future of the market is already in a fog. Foreign financial groups are reluctant to start, and local financial groups dare not invest heavily."

"Let's judge based on the current situation. What price do you think is appropriate?"

Cheng Jianshen frowned slightly and said, "Boss, I think 28.8 billion is a good number."

Chen Zhilong echoed, "I think it's about the same."

"With the current market downturn, companies including Cheung Kong Holdings will not offer high prices."

"Let's put it this way. The asking price is 30.99 billion. A few more billion is not a big problem for us." Luo Qihong said, "Including the construction costs, it's just over 50 billion. Based on the rental price at the peak, we can get our money back in 7 or 8 years."

"Yes! The price is 30.99 billion yuan!" Chen Zhilong and Cheng Jianshen said in unison.

"I will personally inform Dehe Real Estate Company of the asking price. You must keep it confidential. It is best to fill in the asking price at the last minute." Luo Qihong attaches great importance to this piece of land.

This is the last large piece of land in Central. After Luo Qihong is ready to take it over, the family real estate company will enter a semi-dormant period and will be able to hide.

In the previous life, Eagle Properties won the bid with 27 billion yuan, which was really a bargain. You have to know that when the market was booming, the land was worth 58 billion yuan, which was more than half of that.

Of course, Luo Qihong could also use a price tag of 28 billion yuan, but it would be a bit risky.

His company didn't need the hundreds of millions, so there was no need to take risks. Most importantly, Li Chaoren had suffered at the hands of Eagle Properties, and Luo Qihong was also worried that he would suffer at the hands of Eagle Properties.

The location of this piece of land is very advantageous. It is across the road from the Bank of China Tower. Its future value will be no less than that of the Bank of China Tower and the Cheung Kong Center Tower.

……

Deep Water Bay Luo Family Villa

Chen Zengjing brought a group of members of the Chen family to visit Luo Zegui and his wife, and Luo Qixing and his wife.

The scene was quite grand, but full of different meanings.

Luo Qihong happened to be here and originally planned to stay until dinner was over and then leave, but unfortunately he was stopped by Luo Zegui.

Bai Jinyan and Luo Qihong looked at each other, and both knew that the Chen family had something to ask them.

But that's normal. Luo Qihong's title of the four major families is intimidating enough.

"Grandpa Chen, if you have something to say, just say it directly. I have other things to do." Luo Qihong didn't want to continue to argue with Chen Zengjing, so he went straight to the point.

Chen Zengjing is an old man in the business world. Although there is a generation gap between them, Luo Qihong's status is enough to smooth over everything, so Chen Zengjing does not dare to be arrogant.

"Okay, since Ah Hong has said it, I'll just go straight to the point." Chen Zengjing said with a smile.

"The Chen family owns a securities investment company. You are familiar with the current stock market situation. Our family's investment has failed. We are now heavily in debt and the bank is also collecting debts. This is likely to affect Jingmou Electronics."

"So, I come here to ask for your help with shame. I wonder if you can help the Chen family again?"

Luo Qihong looked around at the members of the Chen family, and they were all staring at him with bright eyes.

"Grandpa Chen, please tell me how you can help me. But business is business, and my company can't help you for free."

Chen Zengjing said happily, "Don't worry, I will never let your company suffer any loss."

Given Luo Qihong's current status, the bank would give him face even if he just said hello.

It is enough to determine the life or death of the Chen family.

"I know the stock market will definitely rebound. Many of the company's stocks were bought at low prices. As long as you can take over the company, I believe it will be beneficial to you."

"Grandpa Chen, cooperation and acquisition are not just empty words. I need to send someone to review your company's financial situation before discussing the acquisition." Luo Qihong didn't give too much face. "If anyone is suspected of breaking the law, I will not show mercy. You have to think it through."

As soon as these words were spoken, some members' faces changed slightly, as if they were poured with a bucket of cold water.

Unfortunately, now is not a good time to stop it.

"Don't worry, Ah Hong. I will definitely hand over the company to you after I have sorted out everything. I won't put you in any difficult position." Chen Zengjing nodded heavily.

Chen Zengjing knew that he would lose the money again, otherwise the family disgrace would be exposed.

"Grandpa Chen, I personally think that the current electronics business is very good. If the Chen family manages it carefully, they will definitely have a place in Hong Kong in the future." Luo Qihong said earnestly, "On the contrary, if they want to expand everywhere, the Chen family will face a crisis."

Chen Zengjing nodded unhappily, "Ah Hong, what you said makes sense. I will go back and think about it seriously."

"I can't guarantee the success of the investment company. We still need to negotiate. If it's not suitable, I hope Grandpa Chen won't mind."

"Okay, I understand!"

Half an hour later, the Chen family left the villa.

(End of this chapter)