Hong Kong 1980: The Savage Era

Chapter 480 482 [Family's Industrial Design]

The Huang Tingfang family has long been known as the landlord of Orchard Road (similar to Central in Hong Kong), and is only slightly inferior to the Huang Zuoyao family. Once they take over the Yeo Hiap Seng Group, they will not only be able to strengthen their strength in Singapore, but also swallow up land worth tens of billions in Hong Kong.

However, Huang Tingfang also knew that it was not so easy to take over the Yeoh Hiap Seng Group as there were many variables along the way.

But if it is sold to Luo Qihong, his family will get real benefits.

"Since Luo Sheng has spoken, let's talk about the conditions first." Huang Tingfang said seriously.

"How about 3% of the equity in Tsuen Wan Plaza in Hong Kong?" Luo Qihong was very generous. It was a project worth tens of billions.

Under Luo Qihong's operation and with the strong support of the Hong Kong government, the Tsuen Wan Plaza project is sure to make a lot of money. As long as Huang Tingfang is willing to invest, he can start making money next year.

It seems that Luo Qihong is full of sincerity.

Huang Zhixiang looked at his father. This project was really tempting and he was in a dilemma for a moment.

"I know Luo Sheng is very sincere, but compared to the Yeo Hiap Seng Group, I still find it difficult to make a decision." Huang Tingfang still wants greater benefits.

"4% at most. This is the highest price I can offer. If Mr. Huang thinks it's not possible, then I can only seek other ways." Luo Qihong naturally would not let Huang Tingfang control him.

If he can't get the Yeo Hiap Seng Group, then Huang Ting Fang won't get it either, because he will interfere.

Huang Tingfang thought for a moment and thought it was about right, so he smiled and said, "Okay, 4% of the rights and interests in Tsuen Wan Plaza, but the transaction must be based on the cost price."

"No problem! I will bear the losses myself." Luo Qihong smiled slightly, "Then Mr. Huang, can you tell me how many shares of the Yeo Hiap Seng Group you have?"

Huang Tingfang smiled and glanced at Huang Zhixiang, who understood and answered, "We currently hold 8.8% of Yeo Hiap Seng's shares, and we have also made an appointment with a group of small shareholders, who hold about 3.6%."

"How confident are the small shareholders?" Luo Qihong asked thoughtfully.

A total of 12.4% of the shares is not a small number. Once obtained, it can directly start a takeover war with the Yang Jinglian family.

"Basically you can get it." Huang Zhixiang said affirmatively.

"Okay, let's wait until the two Huangs get the 3.6% equity before we sign the contract." Luo Qihong said, "Please get this done as soon as possible. I'm worried that if it takes too long, the news will leak out."

"no problem!"

The three of them raised their glasses and celebrated with laughter, as if the Yeo Hiap Seng Group was already in their pocket.

the next morning.

Luo Qihong was refreshed as he read the investigative reports on various industries in Singapore. His shareholdings would soon be equal to those of the Yeoh Jinglian family. With the advantage of sufficient funds, he would have a much better chance of taking over the Yeo Hiap Seng Group.

The Straits Times Index (STI) of the Singapore stock market has been fluctuating upward this year. It was around 1150 points at the beginning of the year and has now risen to 10 points in mid-October, an increase of 1456.25 points from the beginning of the year.

Hengchangxing Enterprise has a branch in Singapore. Although its market share is small, only 6%, with the support of Luo Qihong, it has begun to expand to various Southeast Asian countries and has even reached the Australian market.

Since Hengchangxing Enterprise is already a wholly-owned subsidiary of Hexiang Trading Company, which is Luo Qihong's private company, Luo Qihong can easily mobilize the book funds of the Singapore branch.

Luo Qihong was optimistic about Singapore's market at the beginning of the year because its Prime Minister further opened up Singapore's market and a large amount of foreign capital poured into Singapore, and the Straits Times Index would definitely rise.

Fortunately, he did not buy in a leveraged manner, otherwise it would be easy for him to get liquidated because the Straits Times Index rose in a volatile manner.

At present, the investment of 1.5 million Singapore dollars has earned 27%, that is, 4000 million Singapore dollars, equivalent to 2850 million US dollars. Luo Qihong thought about it and realized that even if he acquired Yeo Hiap Seng Group and entered the real estate and food and beverage industries in Singapore, it would be difficult to support a large Singaporean wealthy family, so he believed that he had to monopolize another industry.

With two dominant industries and one supporting industry (real estate), the Rothschild family of Singapore has become one of the top ten chaebols in Singapore.

"Banking industry?!" Luo Qihong wrote three big words on the white paper, but then shook his head and crossed them out again.

Singapore's Quek Fang Feng family, Khoo Teck Puat family, Wee Cho Yew family and Lee Kong Chian family are all involved in the banking and financial industries. Four of them are already in the top ten. If we add the Lo family, the competition will be too fierce.

Moreover, he is a latecomer and may not have much chance of winning against those big guys, which may lead to his bank becoming half-dead.

The Singapore government would not want to see an overly powerful foreign bank (Luo Qihong is not Singaporean) and may use other means.

However, he can make profits by investing on a large scale, but that will no longer be the Rothschild family's business.

So Luo Qihong wrote a note "may be a key investment" behind the crossed-out banking industry.

Then the words 'rubber manufacturing, palm oil production' were written.

These two industries are already quite mature. The latter has long been monopolized by the Kuo Khoon Hong family, one of the top ten chaebols. This family is also the largest grain and oil trader in several surrounding countries. If you want to get involved, you must be prepared for a protracted war.

It would be impossible to determine the winner of this business war in less than ten years, which was far from what Luo Qihong had expected.

As for the rubber manufacturing industry, Luo Qihong felt that there was not much hope. This thing was related to some military products and it was easy for the family company to become a victim or even fall into crisis.

"It seems that only the retail industry is suitable. Since it has a trading company under it, it will be easier to open up the market." Luo Qihong sighed and wrote the three big words "Retail Industry".

After closing the notebook, he leaned back in his chair and closed his eyes to rest, but his mind kept working.

The food and beverage company, together with the retail, real estate and hotel industries, and banking and financial investment industries, should be able to support a wealthy Singaporean family.

In fact, he understood very well that Singapore and Hong Kong were very similar. Banking and real estate would become the dominant industries, and he could completely replicate his success story in Hong Kong. However, he wanted to take a different path.

The Luo family in Singapore is bound to be inferior to the Luo family in Hong Kong. This is inevitable.

4 days later.

On behalf of Zhaoan Group, Luo Qihong signed an agreement with Far East Group, owned by the Huang Tingfang family, to sell 4% of the equity of Tsuen Wan Plaza in Hong Kong to Far East Group, involving a capital of HK$40 billion. At the same time, Far East Group sold its 12.4% stake in Yeo Hiap Seng Group to Hengan Investment Company, involving a capital of US$3500 million.

As a result, Hengan Investment Company will own 34.5% of the shares of Yeo Hiap Seng Group, which is 38.9% less than the 4.4% of Yeo Jinglian family, which is more than half the distance.

"Boss, although the agreement we signed with Far East Group has not been announced to the public, it is difficult to conceal it for a long time. Should we launch the acquisition immediately? We should catch the Yang Jinglian family off guard." Yuan Tianfan said.

Luo Qihong shook his head. "No need. Yang Zhiyao has repeatedly failed in investment projects, causing the share price of Yang Xiecheng Group to fall by more than 3%. There is also internal strife in the family. How can they have extra funds to launch a counter-takeover?"

"Even if we can find a source of money, it will take time, and we already have a good chance of winning. As long as we continue to increase our stake and exceed 40%, the Yang Jinglian family will have no chance of recovery. This is also a good thing for us, as we can save a lot of money."

Luo Qihong has a lot of money, but it didn't come from luck. He can save money by spending less. After successfully acquiring Yeo Hiap Seng Group, he will continue to invest in other industries and expand the group's business scale.

“Boss, do you want to continue contacting those small shareholders and acquire their shares?” Yuan Tianfan knew that before the news leaked, the shares of Yeo Hiap Seng Group were cheap. Once the acquisition was really launched, the share price would surely skyrocket, even exceeding the share price at its peak.

Luo Qihong nodded and said, "We need to be quick. We have such a big deal with the Chinese Bank and the Far East Group. It is impossible to hide it from those who have ulterior motives. If the news spreads, we will be in a passive position."

(End of this chapter)