Hong Kong 1980: The Savage Era

Chapter 499 501 [3 million pounds]

After receiving Luo Qihong's advice, Guan Jiahui began to implement the plan. After screening by Heng'an Investment Company, she focused her cooperation on the female members of several families, such as the Guo Lingcan family.

Of course, these women don't have much assets, only about four or five million Singapore dollars, but they can borrow some low-interest loans through their own family connections, and with a large-scale attack, they can slightly lower the price.

Seeing how profitable it was, Guan Jiahui quickly asked people to mobilize more funds from Hong Kong. Surprisingly, she used her connections to cooperate with others and acquired a small commercial building on Orchard Road worth 7 million Singapore dollars.

As the momentum grew, many women from Chinese families joined the team, causing the land price of Orchard Road to rise by 16% in just one month.

Guan Jiahui leaned on the sofa and said proudly, "Now those rich wives admire me and want to join the club I founded. In fact, they just want to follow us in speculating in real estate. The price has increased by 16% in one month. Isn't that impressive?"

Luo Qihong laughed and said, "Great! But I have to remind you, don't go too far. Singapore is not Hong Kong. If the price rises too much, we will be intervened."

Guan Jiahui was slightly stunned. "Doesn't Singapore follow the rules of the free market? Why would it do this?"

"Singapore's state-owned enterprises are the industry leaders, and corporate intervention in the market does not count as a violation of the rules." Luo Qihong smiled faintly. What rules and what rules are not are all decided by powerful people, just like what was said in the previous life, 'I have the final right of interpretation.'

"." Guan Jiahui was a little speechless. Isn't this also interference?

"Do you want us to stop now?" Li Jiaxin asked. She was also unwilling to do so. It was rare for them to be able to directly influence the market. They did not have such power in Hong Kong.

In fact, this is not entirely the credit of Guan Jiahui and others. Most of the credit goes to the market itself and the massive invasion of foreign capital, which directly raised the rents of commercial buildings in Orchard Road.

"Stop for a while. You are moving too fast, which is also a hidden danger." Luo Qihong nodded and said, "The areas near Orchard Road have not yet been developed. If you have extra funds, you can buy some. The increase should not be much worse than the properties in Orchard Road."

Orchard Road cannot be hyped anymore, but it is not Orchard Road that can be hyped.

Orchard Road has limited land, just like Hong Kong Central. Sooner or later, development will move towards the surrounding areas, and now is the time.

Luo Qihong also wanted to take action, but he still wanted to use the funds of the Yeo Hiap Seng Group to do it, so that he could kill two birds with one stone.

Guan Jiahui and Li Jiaxin looked at each other and said in unison, "We have no money. We need our husbands to sponsor us."

Luo Qihong was slightly startled, and said with a smile, "1000 million New Zealand dollars, I have other uses for the rest of the funds."

"Thank you, husband!" The two of them smiled, sat on Luo Qihong's thighs, one on the left and one on the right, and kissed him on the cheek.

It is not easy to enjoy the blessing of having many wives. In just one day, 1000 million Singapore dollars (a total of 5570 million Hong Kong dollars) were spent.

Hengan Investment Company Office.

Dudu! !
Luo Qihong personally poured tea for Zhang Wenhe, and Zhang Wenhe was a little flattered, but did not dare to snatch it away.

"Thank you, Luo Sheng!" Zhang Wenhe took the teacup respectfully.

"We have acquired 23% of the shares of Shijiadong Department Store, which is 4% less than that of Tang Zhonggeng's family. The gap is not too far. We also have financial advantages, and the chance of a successful acquisition has increased to 6%." Luo Qihong took a sip of tea and analyzed thoughtfully.

"In fact, we can continue to make secret purchases, but we are afraid of being exposed. There is also news that there are different voices within Tang Zhonggeng's family. Some members suggest transforming into real estate and downplaying the family's department store industry. Although Tang Zhonggeng opposes it, Tang Zhonggeng is already 90 years old and it is difficult for him to truly control the family." Zhang Wenhe became serious.

"Do you mean that we can negotiate with the Tang Zhonggeng family to divest some of the assets of Shijia Dong Department Store?" Luo Qihong asked.

"Yes! Do you want the real estate of Shijiadong Department Store? Or the department store?" Zhang Wenhe asked. "Real estate is better. Which one do you think we should take?" Luo Qihong looked at Zhang Wenhe and considered.

Luo Qihong's influence in Singapore is still weak. He may not care about the current industrial strength, but he cares very much about the reserve of talents. No matter how good a company is, it is useless without talents.

Therefore, he wanted to know the extent of Zhang Wenhe's ability so that he could make good use of him.

"As your Hexiang Trading Company is gaining ground in Singapore, the role of Tangs & Dongs Department Store is decreasing. Besides, the Tang Zhonggeng family started their business with department stores and will definitely not let go easily. So I suggest divesting the real estate of Tangs & Dongs Department Store." Zhang Wenhe said.

"Well, that makes sense." Luo Qihong smiled and said, "But the key to a takeover battle is to use your power to overwhelm others. It would be rude of us to go and 'extort' them first. You continue to buy stocks and wait for the Tang Zhonggeng family to find out."

"Be careful. Once you are discovered, you must immediately initiate the acquisition and make a big noise, making it look like you are determined to succeed in the acquisition. This will maximize your profits."

He was a newcomer in Singapore and it was a pipe dream to expect others to invite him for a friendly acquisition, so he had to make a "hostile" acquisition.

As for reputation, let’s talk about it later. I don’t need it now.

Late May.

Luo Qihong, Guan Jiahui and Li Jiaxin returned to Hong Kong.

Fortunately, I had made preparations in advance and was not intercepted by reporters and paparazzi, so I successfully avoided the interview.

The next day at noon, Luo Qihong invited HSBC Bank boss Pu Weishi to have lunch and discuss some things. As for the previous Midland Bank incident, it had long passed.

"Congratulations to HSBC for defeating Lloyds Bank and successfully acquiring Midland Bank. From now on, HSBC will be one of the four major clearing banks in the UK, and Lloyds Bank's position will eventually be replaced by HSBC." Luo Qihong said with a smile.

Pu Weishi responded, "With Luo Sheng's help, defeating Lloyds Bank is a sure thing. I heard that Luo Sheng is making a big move in Singapore and will soon become one of the top ten families in Singapore."

"There is still a long way to go." Luo Qihong said, "This time I asked Mr. Daban to come out because I want to pledge a batch of properties and stocks to borrow 6 million pounds from HSBC for half a year."

Pu Weishi took a deep look at Luo Qihong, pondered for a moment, and asked, "What is Luo Sheng going to do with this money? Invest in the Singapore market?"

Luo Qihong shook his head and said, "No, I am planning to invest in the U.S. market. I am optimistic about U.S. technology stocks recently."

At the current exchange rate, 6 million pounds is worth 12 billion US dollars, totaling 93.6 billion Hong Kong dollars, which is definitely an astronomical figure.

"It would be fine to use US dollars to invest in the US market, why use pounds? Wouldn't Mr. Luo want to pay more in handling fees?" Pu Weishi discovered the trick, but he had no idea what Luo Qihong's purpose was.

"This is my private secret, I'm sorry I can't tell it." Luo Qihong directly refused to answer.

"The amount of money is too large, so I can only agree to borrow 3 million pounds, hoping to use the commercial building in Central as collateral," said Pu Weishi.

Pu Weishi was sure that this loan was related to the British pound currency, but he coveted the commercial building of Dehe Real Estate Company in Central. It was a priceless property, and the interest on this loan was too considerable.

"Okay, no problem!" Luo Qihong agreed with a smile.

The loan was short-term, and he could pay it back no matter what happened, and most importantly, he could make a lot of money.

(End of this chapter)