Hong Kong 1980: The Savage Era

Chapter 506 Chapter 508 [Trump Card]

91年的地市增长率是37%，而目前92年的地市已经增长了35%，尚有一个月的时间才能结束92年，增长个37%完全没有问题。

Of course, this is an average. The growth rate in some areas can exceed 50%, but these areas are concentrated in urban areas. The growth rate in most areas of the New Territories is below 35%.

The companies of the Luo Qihong family have acquired a lot of properties at low prices. Even if some of them were acquired with loans, the gains from the increase are also considerable. For example, Guan Jiahui's private real estate company acquired 6 villas in Mid-Levels and Peak Road. Taking into account the increase this year, the profit directly exceeds the principal.

Moreover, most of these properties will be rented out, and the rent is enough to pay the interest generated.

This is also the reason why many speculators are willing to take out loans to speculate in real estate. In their view, this is a sure-fire opportunity to make money, but the prerequisite is that the stock market and local markets will not collapse.

Luo Qihong believes that individual investors are unable to judge the economic situation well and fail to curb their greed, and often leave the market only after suffering huge losses.

如今半山区的豪宅已经接近1万元每平方尺，一套房子至少需要900万元，比80年代末期涨了7、8成。

Mainland capital began to flow into Hong Kong in large quantities, and purchased office buildings and luxury homes in Hong Kong in preparation for the period after 97.

The investment volume of mainland capital is not small, accounting for 40% of foreign investment, which to some extent has also driven the growth of local cities.

The office of Dehe Real Estate Company.

Su Qishan reported to Luo Qihong, "Boss, there is a severe shortage of office space in Central now. State-owned enterprises from the mainland are coming here to do business. I have raised the rent and expect the rental income this year to reach HK$40 billion."

"Well, that's great! Go back and send out a notice later, saying that the company will give out double bonuses at the end of the year." Luo Qihong said, "The company makes money, and we have to share some of it with the employees."

"How about distributing them in the form of shopping cards? This way you can take care of your department stores and trading companies." Su Qishan came up with a dirty trick.

This also reminded Luo Qihong of certain things in his previous life. Such an approach would likely cause dissatisfaction among the employees, so it would be better not to send it out.

"No need for that. Since we are going to give benefits to the employees, there is no need to give discounts. We don't lack this little money." Luo Qihong waved his hand, his tone quite serious.

Su Qishan said awkwardly, "Okay, then I'll have someone send out a notice before I get off work."

"The Federal Real Estate Company has some scattered office buildings in Central, and many mainland companies have come to ask if they can sell them."

Luo Qihong frowned slightly. Everyone knew that the Hong Kong market was booming and would soar next year. There was almost no possibility of selling now. "What conditions did they offer?"

"A 3% premium. They just want a fixed company address. After all, they are a well-known company in the mainland and don't want to be driven around." Su Qishan replied.

A 3% premium is unlikely to make up for next year's losses, due to the price increase itself and the rent.

But it's okay to do a favor, maybe it will be useful in the future.

"Please make a list and I will reply as soon as possible." Luo Qihong's brows relaxed after he figured it out.

To be a business tycoon, you cannot worry too much about the gains and losses of small profits, but must focus on long-term planning.

As Li Jiacheng said, "I usually keep an eye on this industry or company for several years, and only start when I think there is a future."

"Yes!" Su Qishan continued to report some other small things. Originally, he would just make the decision, but he still felt it was better to report it.

After spending New Year's Day 93 in Hong Kong, Luo Qihong flew to Singapore urgently to deal with the emergency.

As soon as he arrived at the office, he threw his coat on the sofa, tugged at his tie, and asked impatiently, "How did you get caught? Didn't I tell you to be more careful?"

Zhang Wenhe was trembling with fear when he saw Luo Qihong was so angry. "It was our own operator who was greedy and wanted to save trouble. He used the same account to absorb 200 million shares, which led to the exposure." "I have fired that employee. I will focus on these acquisitions in the future and will not make the same mistake again."

"Forget it, how many shares have you absorbed now?" Luo Qihong sat down, and his domineering aura dissipated a lot.

"About 20%. If everything goes well tomorrow, it will not be a problem to acquire 23%," said Zhang Wenhe.

Luo Qihong pondered for a long time, then looked up and asked, "How much cash flow does the Liu Haisheng family (the controlling family of Parkview Holdings) have?"

Fortunately, Zhang Wenhe was prepared, otherwise he really wouldn't be able to answer Luo Qihong's question.

"It's less than S$3000 million, but we should be able to mobilize S$5000 million within a week."

"Well, work overtime today to get ready for tomorrow. We are going to have a takeover battle with Liu Haisheng."

"Yes, I'll notify them immediately." Zhang Wenhe left the office immediately. He didn't want to face his moody boss. What if his boss couldn't control himself and vented all his anger on him, then he would be in trouble.

Luo Qihong leaned on the sofa, looked up at the exquisite crystal chandelier, and suddenly fell into deep thought.

Although Parkway Holdings has many properties and one hospital in Singapore, it is still a weak company after all. It has now sold many of its assets and is preparing to fully enter the medical industry and build high-end hospitals.

Once the acquisition is successful, the medical industry will be divested and the others will be injected into the Yeo Hiap Seng Group. However, this process will take time and is somewhat complicated, and may lead to greater public pressure if not handled properly.

Now facing another acquisition war, Luo Qihong is somewhat hesitant, but once he retreats, future acquisition wars will be difficult.

Such a dilemma gave Luo Qihong a headache. It would be even more embarrassing if he was defeated.

Outsiders will definitely think, "Hong Kong's richest man is just so-so, there is no need to worry so much in the future."

When night fell, Luo Qihong finally decided to wait and see. If the situation was not right, he would turn it into a sniper case.

The next day, as soon as the Singapore stock market opened, both parties spent a lot of money to buy Parkway Holdings shares. In just one and a half hours, the share price rose by 1%.

Seeing the profits to be made, stock investors also followed suit in buying and selling Parkway Holdings shares, causing the share price to soar.

Upon hearing the news, Luo Qihong was able to let Zhang Wenhe catch up. Now it all depends on their courage, and they must be brave enough.

In the afternoon, Parkson Holdings organized a press conference and announced that it would launch a counter-takeover campaign and reject Hengan Investment's acquisition.

In fact, Hengan Investment Company has not yet announced the acquisition, but has been quietly buying up shares.

The reporters naturally rushed to Hengan Investment Company for an interview, wanting Hengan to give an answer. Unfortunately, Zhang Wenhe blocked the reporters with the excuse of going off work, and also said that he would give a reply tomorrow.

"They are trying to use the power of the media to buy us some time." Luo Qihong said calmly while looking at the prosperity downstairs. He was at a loss yesterday. It was just a small Parkview Holdings and there was no need to be so nervous.

"This may not work, right?" Zhang Wenhe thought it was not that simple.

"It's just a casual move, it doesn't matter whether it has any effect or not. They want to tell small shareholders not to hand over their chips easily. They will fight us to the end, and small shareholders can at least make more money." Luo Qihong said with a smile.

"I've got some news about what you asked me to investigate. On the surface, Liu Haisheng is still in Singapore, but he has actually flown to Malaysia. His target is most likely the Genting Group, which is on good terms with the Liu family." Zhang Wenhe stated the main purpose of his visit. This should be the Liu family's last resort.

(End of this chapter)