Hong Kong 1980: The Savage Era

Chapter 440 442 [Exit]

Wong Yuk-long's case was soon brought to trial. Under pressure from Luo Qihong and the Commercial Investigation Division, the chain of evidence in this case had been complete. Even though Wong Yuk-long had hired a famous lawyer, the chances of winning were slim.

Naturally, the lawsuit caused a huge sensation. Luo Qihong would not attend the court and would sit and watch Wong Yuk-long being sentenced. This would be a bit like adding insult to injury and being ungraceful.

Inside the Mandarin Oriental Hotel's private room

Wong Yuk-long has been sentenced to two years in prison. Although Wong Yuk-long said he would appeal, it would be difficult to change the judge's decision, and there is also Luo Qihong who is watching closely.

When Wong Yuk-long was imprisoned, the biggest beneficiary was Hu Sin, not Luo Qihong, because Hu Sin secretly acquired a lot of Yuk-long International Group shares.

"Mr. Luo, we are all acquaintances now. Let me be direct. I hope you can sell all of Yulang International Group's shares to Sing Tao Newspaper Group. This is what we agreed upon in the beginning." Hu Xian immediately showed his fangs.

Hu Xian had been eyeing Yulang International Group for several years. Now that she can get it, she will not let it go easily. Luo Qihong is an acquisition maniac and also owns a newspaper company. Hu Xian is worried that Luo Qihong will have other ideas, so she wants to take the opportunity to cut off Luo Qihong's thoughts.

"Okay, what price would you like to pay for it, Ms. Hu?" Luo Qihong raised his wine glass and smiled elegantly.

Hu Xian is also an ambitious person and will not be content with loneliness. In the future, the Sing Tao Newspaper Group will definitely face bigger problems under her hands, and it would be right to take it all away at once at that time.

"How about a 1% premium?" Hu Xian asked tentatively. In fact, her bottom price was a 2% premium.

Luo Qihong smiled and said, "Okay, 1% is 1%, so I still make money."

Of course, Hu Xian was very vigilant and always felt that Luo Qihong's purpose would not be that simple. After all, there was no need to suffer such a huge public opinion to earn tens of millions.

But seeing that Luo Qihong agreed, she felt relieved. Yulang International Group would soon fall into her hands. Although Luo Qihong was financially strong, he also had to abide by rules and regulations, so it was unlikely that he would take it away again.

"Thank you, Mr. Luo. I owe you a favor. If you have any questions in the future, please let me know."

Luo Qihong said, "Since Ms. Hu has said so, then I will say this. Please do not report any scandals about me that the Sing Tao Newspaper Group encounters in the future. As for the losses of the Sing Tao Newspaper Group, I will make up for it."

"Haha!! I forgot that Luo Sheng is a playboy. Okay, no problem. I'll give the order."

"cheers!"

"cheers!"

Once the news spread, many people were shocked.

The most significant thing is that Luo Qihong handed over the Yulang International Group to the Sing Tao Newspaper Group, which caused the latter's market value to surge a lot, and it seemed to be about to seize the position of the number one newspaper company in the Oriental Newspaper Group.

Therefore, Oriental Media Group held a board meeting to study how to maintain its position, and the final result was naturally to acquire companies in the same industry.

After all, opening a new magazine or publishing a new number is very troublesome. Not only does it take a long time to be effective, but it also requires taking risks and incurring the risk of losses.

Acquiring a competitor has much lower risks and quicker results, so it is a good choice.

This was something Luo Qihong did not want to see, and Fujia Newspaper Company was also slightly affected.

Siu On Real Estate Company Office

"Boss, United Group offered HK$11 billion to acquire the Kaohsiung Building in Wan Chai. I think this price is very good and Li Mingzhi is very sincere." Cheng Jianshen reported.

Kashima Building in Wan Chai was once one of the core industries of Siu On Real Estate Company. However, by this time, Siu On Real Estate Company owned a large number of property assets in Central and Tsim Sha Tsui, and Kashima Building had lost its important position.

The building has a floor area of ​​21.87 square feet. The two basement floors are parking lots with a total of 50 parking spaces. The building is 25 stories high. The first and second floors are shopping malls, and the rest are offices. Each floor has an area of ​​1 square feet.

If we calculate based on area and location, although the Kashima Building is a little old, it is still invaluable and can provide the company with nearly HK$9 million in rental income each year. According to the annual increase in office rents in Wan Chai, it won’t be long before the annual rent of the Kashima Building exceeds HK$ million.

"Property prices in Hong Kong have been soaring in recent years. Isn't it a bit too hasty to sell it now?" Bai Jinyan said on the side.

Bai Jinyan owns a private real estate company. He is very concerned about the real estate industry in Hong Kong and has done a lot of research on it.

The three giants saw that Luo Qihong had no intention of explaining, so Chen Zhilong took the lead in explaining, "Madam, what you said makes sense, but the company needs development funds. According to the plan, we will develop a 3 million square feet building this year, and there will be other investments."

Luo Qihong said, "The group company's business will start to shift, and shipping and other businesses also need to expand. We can't rely solely on the funds of De'an Securities Investment Company. Zhao'an Real Estate Company must give back to improve the group's industrial chain and reduce operating risks."

"Yeah." Bai Jinyan nodded. As long as the funds were used on Zhaoan Group, they would all belong to her side.

"Then let's sign the contract and let Li Mingzhi settle the payment as soon as possible." Luo Qihong waved his hand.

The four people who were familiar with Luo Qihong's way of doing things all showed puzzled expressions. They did not think that the second half of Luo Qihong's sentence was aimless.

"Boss, are you worried that something might happen to Li Mingzhi?" Kang Wenyi asked.

Luo Qihong smiled and said, "Li Mingzhi is a very dangerous person. His development methods are somewhat similar to Chen Songqing's, but his ability is higher than Chen Songqing's. With Chen Songqing's previous experience, he will not easily get into trouble. However, there are unexpected events, so we'd better be careful."

"Li Mingzhi is indeed a dangerous person. This is the first time I've seen someone so blatantly transfer properties among his subsidiaries to increase the company's market value, totally disregarding the Securities Regulatory Commission." Bai Jinyan said.

Luo Qihong continued, "The Securities Regulatory Commission and other departments have already set their sights on Li Mingzhi. Once there is a gap, the United Group will collapse quickly. However, this is a good way to increase the company's market value, and it is safer than Chen Songqing's method."

"It is these people who messed up the Hong Kong stock market and made us scared." Bai Jinyan complained.

"There is no shortage of heroes in this world. They always want to challenge the consortium and attempt to establish a new consortium. The old methods have been used up by the old consortium, and also blocked the promotion path of newcomers. Of course they have to take risks, otherwise how can they come forward?" Luo Qihong said with a smile.

We are now in the later stages of the trend and it will be more difficult in the future, so we naturally have to increase our efforts and establish our own consortium.

"I heard that Li Mingzhi is planning to acquire other listed companies, including a construction company. He should be trying to get into the real estate development industry," said Chen Zhilong.

Luo Qihong said, "If this is the case, the market value of the United Group in Vaughan will exceed HK$90 billion, making it a new financial group in Hong Kong."

Luo Qihong's judgment made sense, and no one present refuted it.

Bai Jinyan became bolder and asked tentatively, "If there is a problem with the United Group, will Zhaoan Real Estate Company be able to take it over?"

This question surprised everyone, as they had never thought of swallowing up the United Group.

The industries of United Group highly overlap with those of Zhaoan Real Estate Company. It will take a lot of effort to digest them after the acquisition, and the five listed companies need to be privatized, which is a huge workload.

Luo Qihong shook his head and said, "This is difficult. If there is a chance, we can give it a try. However, it is not Zhaoan Real Estate Company that is making the acquisition, but other companies. Zhaoan Real Estate Company can participate."

"Boss, are you afraid of affecting the development plan of Zhaoan Real Estate Company?" Cheng Jianshen asked.

Luo Qihong nodded and said, "Yes, other companies can do it very well. When the time comes, we can just extract the important assets of the United Group and transfer them to Zhaoan Real Estate Company."

"This is a good plan. It will benefit both of us." Bai Jinyan said with a bright smile.

This is very beneficial to her family. In this way, the asset value of Zhaoan Group will be on par with those big conglomerates.

(End of this chapter)