Hong Kong 1980: The Savage Era

Chapter 508-510 [Millennium & Copthorne Hotels Group]

Saturday, October 1.

It was the Spring Festival, and the entire Luo family gathered in the garden of the old villa. The children were playing and fighting, and the leader was the eldest sister, Luo Yiyu.

Luo Qihong and others were not worried that any problems might arise with the group of children, as there were several Filipino maids watching over them.

These Filipino maids don’t understand Chinese very well, but they are proficient in English and can communicate quickly with the children.

Today, the Hong Kong government has introduced a large number of Filipino maids, which have benefited the elite class in Hong Kong, but there is still a shortage of supply.

"It's another year closer to the handover, and the British will be lax about Hong Kong's public security again. Everyone should be careful when going out and try not to go to remote places. At the same time, we should strengthen security forces." Luo Qihong said seriously.

Who knows if those heartless guys will target his family?

He asked for 20 billion Hong Kong dollars, will he give it or not?

If I give it, I will feel sad; if I don’t give it, it will be unreasonable, and even if I give it, there is no guarantee that I will survive.

20 billion Hong Kong dollars is enough to cover your security expenses for a lifetime. You don’t have to worry and can live comfortably.

Seeing everyone's unhappy faces, Bai Jinyan said in a gentle tone, "Our family already has the largest number of bodyguards among all the families in Hong Kong. There's no need to increase it, right?!"

Luo Qihong glanced at Bai Jinyan and continued, "Then try not to go to remote places. If you go, you must have bodyguards follow you. If something happens, I can pay you, but it's scary enough."

"Ah Hong, today is New Year's Day, don't say such unlucky words." Lin Ya scolded unhappily.

Luo Qihong had no choice but to smile and say, "Okay, let's stop talking. Let's talk about getting rich. I heard that my brother's new company made a lot of money last year. How about you cover the expenses for the Spring Festival?"

Luo Qixing smiled proudly and said, "No problem! It's only about 100 million, it's nothing."

"Tell me the truth, how much did you earn? 1 million?" Luo Qihong was rarely in the mood to tease Luo Qixing.

Bai Jinyan had no interest in this, as her private company had earned hundreds of millions, and her daily expenses were all covered by her salary. But Chen Yusan was very interested, and even the way she cracked melon seeds slowed down a lot.

Luo Qixing smiled awkwardly and said, "Almost, about the same. Last year's cities were pretty good."

Luo Qihong knew his big brother Luo Qixing. Judging from his tone, the profit he made should not even be 5000 million. He was just pretending to be the big boss.

"Sister-in-law, what about you?" Bai Jinyan asked Chen Yusan, "How much profit is there?"

Zhaoan Group holds a lot of shares in Shengyun Real Estate. As one of the presidents of Zhaoan Group, Bai Jinyan is qualified to ask a question.

"More than 2 million, right? After the Spring Festival, I plan to distribute 6000 million as dividends. What do you think?" Chen Yusan asked with a faint smile. She was not short of money, but she also wanted to do something.

Most of Shengyun Real Estate Company's business is real estate, which is very different from Zhaoan Group. Its business involves multiple industries and even monopolizes certain industries, so a profit of more than 2 million is already good.

It can be seen that Chen Yusan is capable of running a company and can resist external temptations.

Luo Qihong has always maintained Chen Yusan's prestige. His elder brother is really a bit of a "Liu Adou" and he still hopes that Chen Yusan can let bygones be bygones. He immediately supported and said, "We agree. Give everyone money, how can we not agree?"

Luo Yiyu was very shrewd. When he heard about the money distribution, he quickly ran over and said, "What money? You can't leave us behind."

Chen Yusan patted Luo Yiyu's butt and said unhappily, "What does the company's money distribution have to do with you? Why does a student need so much money? You must hand over all the red envelope money you received." Luo Yiyu pretended not to hear and ran away quickly.

Luo Qihong laughed and said, "Since she likes money so much, she should be a good business girl in the future. But she still needs to study hard, otherwise she will be easily cheated."

"Did you hear that, Luo Yiyu?" Chen Yusan knew that her daughter admired her uncle very much and would probably listen to him.

Everyone lectured Luo Yiyu earnestly for a few minutes before letting her go back to being the boss.

"The local market was very good in 92. I wonder if the local market will continue to rise in 93?" Chen Yusan sighed with a hint of inquiry.

Luo Qihong smiled and said, "If sister-in-law believes in Zhaoan Group, she can ask Ah Yan for a think tank analysis. I can't say it is necessarily accurate, but it won't be worse than the analysis reports made by those people on Wall Street."

The world's business environment is constantly changing. If something major happens, the economic landscape will undergo profound changes.

"Thank you and your spouse first." Chen Yusan believes that the analysis of Zhaoan Group is still worth learning from. "In recent years, many people have begun to invest overseas. If Shengyun Real Estate joins, is it a suitable time?"

Luo Qihong glanced at Bai Jinyan and said to Chen Yusan, "Sister-in-law, the return on investment in Hong Kong is the highest in the world. If you really want to invest outside of Hong Kong, you can consider investing in the mainland. As for other countries and regions, I suggest you don't join easily."

"As far as I know, many people's overseas investments have run into problems. For example, those who went to Canada eventually returned to Hong Kong and lost their original positions. They must have regretted it."

"Shengyun Real Estate is very different from Zhaoan Group. Zhaoan Group's cash flow has overflowed in Hong Kong, so it can only invest overseas, otherwise it will suffer losses. Shengyun Real Estate is far from this level, and it can use all its funds to expand its existing business."

Chen Yusan nodded. "The competition in Hong Kong is also very fierce. I dare not expand on a large scale, fearing that a storm will suddenly come and crush the company. The mainland is a good choice."

"I heard that you organized a group of rich people to go to Thailand to speculate in real estate. Is it really that easy to make money?" Luo Qixing suddenly interrupted.

Luo Qihong was slightly startled. He had actually forgotten about Thailand. He said, "Well, the situation in Thailand has stabilized. The local market is likely to rise sharply. If you are interested, you can do it with Zhaoan Group."

"Thailand is not very stable, so try to be careful. It shouldn't be a problem to make a 50% profit in a year."

The market is huge, and there is no need to squeeze some profits out of Zhaoan Group and give them to Luo Qixing and his wife. Just take them into the market.

This Spring Festival was still a happy one. Luo Qihong had fulfilled all the requests of Luo Qixing and his wife. It can be expected that Shengyun Real Estate Company and Luo Qixing's private company would make huge profits in 93.

After the Spring Festival holiday, people go back to work on the sixth day of the Lunar New Year. Luo Qihong and his wife usually distribute red envelopes at Zhaoan Group. As there are too many people, it takes almost a whole morning to distribute them all.

Employees who can work in Siu On Group are all high-income earners in Hong Kong, with a monthly salary of at least HK$2. The decorations they wear can be worth a month's salary.

In fact, the average salary in Hong Kong is not that high. According to statistics from the "Sing Tao Daily" at the end of last year, the average salary of manufacturing workers is HK$8000, hotel and restaurant employees is HK$8100, and university graduates are HK$1.2.

Luo Qihongfa's red envelopes are all worth HK$200. Senior employees get HK$200, and the same goes for junior employees. There will be no special cases.

It may not seem like much, but it is actually enough for the staff to eat at the tea restaurant for half a week.

Luo Qihong and Bai Jinyan were hiding in the office to eat lunch, during which Bai Jinyan handed over a document.

"This is the background information of the British Millennium & Copthorne Hotel Group. The group has 13 hotels in the UK and 5 in the US. A total of 44 hotels, all of which are five-star and four-star hotels. The asset value is close to 1.4 million pounds, which is one-third less than the peak period."

(End of this chapter)