Hong Kong 1980: The Savage Era

Chapter 528-530 [Huang Family vs. Huang Family]

February 1994, 2, the third day of the Chinese New Year.

Luo Qihong's family of five usually live in the old villa until the fifth day of the New Year before returning to their own home. This has become a routine.

To Luo Qihong's surprise, Chen Yusan's family members actually came to visit Luo's family together.

Taking into consideration the strained relationship between their eldest son and daughter-in-law, Luo Zegui and Lin Ya entertained their in-laws more warmly than usual.

In fact, the Chen family would never let Chen Yusan get divorced. After all, no one wants to lose Luo Qihong, a strong backer.

The topic of the chat soon shifted to work and the company's industry. Since Luo Zegui and Lin Ya had also done business, they understood some of the key points, but it was still a bit reluctant.

Luo Qihong noticed his parents' embarrassment and took over the topic, even though he knew that the Chen family had ulterior motives.

"It's all my fault. I have focused on real estate and stocks in recent years, which has caused the electronics company to remain at the level of simple business projects. I heard that you, Hong, also have an electronics company under your name. What do you think of this industry?" Chen Zengjing laughed. Although he is old, he is still very shrewd.

"The electronics industry is huge. Whether it's display screens, electronic components, or chips, they all have great prospects. I remember that my second uncle (Luo Qixing's father-in-law) makes electronic components. The scale of production is okay, right?" Luo Qihong said.

The Chen family has made a lot of money from real estate, and now they want to turn around and occupy the electronics market, which is not easy.

First, Hong Kong's electronics sector is very weak, even inferior to South Korea, and can only compete with Singapore; second, the market share of the electronics industry has been divided up, and if you want to enter the divided market, you can only rely on strong capital to create a gap.

Obviously, the Chen family does not want to lose their carefully planned real estate business, nor do they want to give up the idea of ​​returning to the electronics field.

Where does the money come from? Naturally, they want to introduce capital, and Luo Qihong is the best choice.

"It's not bad. Qianheng Electronics has cooperated with many electronics companies in Hong Kong. Its current turnover has exceeded 2 million Hong Kong dollars, and the profit margin is not low." Chen Yongmou said proudly.

Chen Yongmou should be the most successful among the many brothers of the Chen family. Now he has left the family and started his own business. Although he did not catch the boom in real estate, he also reaped some dividends and has a lot of valuable properties.

"Hong Kong's electronics industry has no advantages in East Asia. The electronic technology levels of South Korea, Japan and Taiwan are all higher than Hong Kong. It is very difficult to do business at the moment. Didn't Grandpa Chen say that he has already transformed into real estate? Just continue to do it. There is no need to withdraw." Luo Qihong naturally refused to support the Chen family.

He had enough affairs to attend to, and did not want the trouble of dealing with any more.

Chen Zengjing sighed and said, "Ah Hong, you don't know, the real estate industry is constantly in turmoil, and if you are not careful, you will go bankrupt. The electronics industry will be more stable, and it is too imprudent to rely solely on the real estate industry."

Luo Qihong and Bai Jinyan exchanged glances, and the latter took over the topic and said, "Grandpa Chen wants Zhaoan to finance Jingmou Electronics Company as he did before?"

Chen Zengjing shook his head and said, "No, Jingmou Electronics is not short of funds, but of technology and sales channels."

Hearing this, Luo Qihong smiled faintly. This is no different from borrowing chickens to lay eggs. It is more interesting than supporting others.

"Grandpa Chen wants me to give you the interests of Zhaoan Group?"

As soon as these words were spoken, everyone's faces changed, but no one dared to blame Luo Qihong.

"Ah Hong, you misunderstood. Grandpa definitely didn't mean that. He should be talking about cooperating in a certain field of electronics. This field belongs neither to Zhaoan Group nor Jingmou Electronics." Chen Yusan hurried to help explain.

"Then why don't I give such a project to my own company? Could it be that Zhaoan Group lacks funds?" Luo Qihong made a mocking face.

This Chen Zengjing is really a little confused and wants to gain benefits from Zhaoan Group.

"Because Zhaoan Group is too big, it won't spend too much time on these small businesses. As long as it cooperates with Jingmou Electronics Company, Zhaoan Group can take the majority share, with a 55% stake. How about it?" Chen Zengjing said.

"60%, and we must open a new company, Jingmou Electronics will be responsible for the operation, and Zhaoan Group will be responsible for the decision-making." Luo Qihong still gave Chen Zengjing a face, but it was very limited. Chen Beimou wanted to stop it. He thought that 55% of the shares was already high enough, and now it has reached 60%, which is even more unacceptable, after all, it is the Chen family who paid for it.

"Okay, no problem." Chen Zengjing agreed tactfully.

All things are difficult at the beginning. Only once things are on track and channels are opened up, can Jingmou Electronics Company truly develop.

In fact, Luo Qihong also has his own ideas. It is impossible for a group to take over the entire middle and lower reaches of the industry. It can only be achieved by using "joint ventures". Although there are risks, it is better than having nothing.

After they had agreed on the general direction, they began chatting about other things without mentioning anything about what had just happened.

After the Chen family left, Bai Jinyan found an opportunity to be alone and asked Luo Qihong why he agreed to the cooperation.

"Cooperation with anyone is not cooperation. We can control the board of directors of the new company, which is not much different from hiring professional managers to manage it. Hengchangxing Holdings has many sales channels, and it is not a big problem to lend some of them to the new company." Luo Qihong said with a smile.

"As for the technology, didn't the Chen family say they have money? Then use the money to buy it. If you have money, why worry about not having the technology? Besides, this does not conflict with our interests. It is impossible to hand over the cutting-edge electronic technology to the Chen family. It is the strategic support of Zhaoan Group."

"You scared me! I thought you really wanted to support the Chen family. The internal strife in this family is quite serious, otherwise how could my sister-in-law's father leave the family." Bai Jinyan was immediately relieved. It turned out that Luo Qihong had already thought it through.

"If there are any problems with the new company, we will have a reason to take over." Luo Qihong said lightly.

Today, the Zhaoan Group is a large company with many talented people, so taking over an electronics company is just a piece of cake.

"Just let the vice president of Zhaoan Electronics handle this matter. You don't need to show up. We are all relatives, and we should not hurt the harmony." Luo Qihong continued to instruct.

Wednesday, September 3th.

A private room at the Dehe Plaza Hotel in Central.

Huang Tingfang and his son made an appointment to meet Luo Qihong, saying that there was a big project cooperation involving no less than 50 billion Hong Kong dollars.

"Mr. Huang, we are old friends. Just tell me if you have any projects." Luo Qihong said with a smile.

"Okay. Luo Sheng has acquired several companies in Singapore in succession and has established a firm foothold in Singapore. I wonder what he thinks of the Huang Zuyao family?" Huang Tingfang asked with a smile.

It seems that he is interested in Huang Zuyao's family. Luo Qihong immediately thought of the United Industrial Group. He felt nervous in his heart. He could not take action against the United Industrial Group for the time being.

If Huang Tingfang invited him, he would not be able to refuse because Huang Tingfang could easily find other allies.

But once the United Industrial Group falls into the hands of the Huang Tingfang family, Luo Qihong will never have the chance to buy it back.

"The companies under the Huang Zuyao family are of high quality, but the strength of Dahua Bank should not be underestimated." Luo Qihong said, "What does Huang want to do to the Huang Zuyao family?"

Huang Zhixiang took over the topic and said, "Mr. Luo should know something about Haw Par Enterprises. Although Huang Zuoyao saved Haw Par Enterprises, there have been some problems in its recent development. Several shareholders have approached Far East Group, hoping that we can take over Haw Par Enterprises."

"But the Huang Zuyao family is very powerful. Far East Group currently has too many investment projects and insufficient funds, so it hopes to cooperate with Luo Sheng to acquire Tiger Balm Enterprises."

Today, Haw Par Corporation has expanded into a multinational enterprise with core businesses including medical health, real estate and hotels, and financial investment. It has more than 5000 employees and a market capitalization of more than S$10 billion.

Such a high-quality enterprise is the trump card in the hands of the Huang Zuyao family. It is more important than the United Industrial Group. As expected, every project undertaken by the Huang Tingfang family is not a small one.

(End of this chapter)