Hong Kong 1980: The Savage Era

Chapter 534 Chapter 536 [Be More Cruel]

"Okay, the company's land cost is very cheap. Even if it drops by 3%, we will still make a lot of money." Chen Zhilong responded.

"We must follow up and not give outsiders any reason to talk about it," said Luo Qihong.

In fact, Luo Qihong is very clear that even if there are a large number of residential supplies in the market and housing prices fall, those "speculators" may not necessarily enter the market. They are likely to choose to wait and see. Their original thinking has doomed all this.

Soon, Cheng Jianshen also walked in, looking rather cold, as if something big had happened.

"Boss, there will be an auction of government land this month. Our colleagues contacted us and asked us to work with them to lower the auction price and teach the Hong Kong government a lesson." Cheng Jianshen reported, "How should we respond?"

Hearing this, Luo Qihong smiled slightly. His colleagues said the same thing when they confronted the Hong Kong government last time, but they lost miserably. Now they are doing it again. It's really a waste of time.

But it was impossible for him to refuse. After all, he couldn't let his peers exclude him, so being a follower was a good choice.

Anyway, the real estate developer lost, so it didn’t have much impact on him.

"We won't be the first to do something, nor can we be excluded by our peers, do you understand?" Luo Qihong glanced at Cheng Jianshen.

"Yes, I understand what to do." Cheng Jianshen nodded and said, "This auction mainly involves two plots of land, Yu Tai Road in Fanling and Ma Tong Road in Yuen Long. The real estate developers plan to jointly bid for the land, and the profits will be distributed proportionally. We can have a 10% interest."

"Well, it doesn't matter how much rights and interests there are. What do you think of this war of resistance?" Luo Qihong had no interest in these two pieces of land. After all, they were not as good as the land he had exchanged from the Hong Kong government a few years ago.

You know, the land reserves on hand of the Zhaoan Group already exceed 2800 million square feet (including agricultural land), so there is naturally no shortage of plots with advantageous geographical locations, but they just want to wait until the prosperous market before developing them.

Cheng Jianshen was the first to answer, "It seems that the real estate developers have the upper hand, but in fact it is difficult to win against the Hong Kong government. The Hong Kong government can come up with specific policies to save the situation, but doing so can somewhat dampen the arrogance of the Hong Kong government."

Chen Zhilong said, "I am not optimistic about the real estate developers either. I don't know what their peers are thinking. They have made such a big fuss. I am afraid they will have to pay a heavy price to end it in the future."

The ideas of the two people represent a large part of the people in Hong Kong, and in fact this is to lay the foundation for later negotiations.

If the Hong Kong government is not made to suffer, how can the real estate developers recover their losses and face the future of the Hong Kong real estate market?

The real estate developers know they will lose, but they have to fight, otherwise the Hong Kong government will slaughter the fat pigs.

Luo Qihong instructed, "Tell the company's employees not to express any opinions to the outside world. It's better for us to 'stand aside and watch.'"

"Yes! We will restrain our staff." The two said in unison.

"How is the building consolidation project in Central going?" Luo Qihong asked. This building consolidation project has been going on for several years.

"The building merging plan is not going well and there are many obstacles. Now we have only acquired the Kelly Building next to the Lok Shing Hong Building. Next to the Printing House Building are the Diamond Club Building and the Western Club Building, which are difficult to acquire. The merging of the Lok Koo Building is even more difficult." Cheng Jianshen explained the planned buildings one by one.

Only two small commercial buildings in Central can be merged, and the others are unlikely to succeed.

After the merger of Lok Shing Hong Building and Kelly Building, the total area will reach 2.2 square feet. It is expected to have 36 floors and a floor area of ​​40 square feet, of which the shopping mall area will be nearly 8 square feet.

"Since we can't merge too many buildings, let's end the plan. The group's Central buildings will begin to be selectively demolished and rebuilt, such as the Printing House Building and Lok Koo Building." Luo Qihong plans to choose a good time to sell the buildings after they are rebuilt to make a fortune.

Of course, what is being sold is only the tip of the iceberg of the group, and the core properties will not be sold.

He remembered that in his previous life, the Chinese Estates Company rebuilt the Entertainment Bank Building and its peak value was HK$80 billion. The geographical location of the Lok Shing Hong Building was not as good as that of the Entertainment Bank Building, but its area was much larger than that of the Entertainment Bank Building, so HK$80 billion was not a problem at its peak.

After the other buildings are rebuilt, their value will increase significantly, and the market value of Zhaoan Real Estate Company will also skyrocket.

As for the cost of reconstruction, Zhaoan Real Estate Company has plenty of cash flow and does not need to worry. On February 2, Cai Shiliang notified the directors of Haiyu International through his son-in-law Lu Jingyu to hold a board meeting. The agenda was to appoint Haiyu Financial CEO Xu Zhaozhong and Su Jinrong to join the board.

Cai Shiliang was confident of winning in the conference room that day, but unfortunately independent director Wen Shichang was suddenly absent, resulting in a situation where the votes of Cai and Yuan were equal. As a result, Yuan Tianfan cast the decisive vote as the chairman, not only overturning Cai Shiliang's motion to appoint Xu and Su to join the board, but also successfully appointing Liang Shurong and his son to join the board of directors and suspending Lu Jingyu's position.

Only then did Yuan Tianfan become alert, and because of his soft-heartedness, he almost lost his kingdom.

On February 2, Cai Shiliang filed a lawsuit in the High Court, requesting a ruling on the legality of Yuan Tianfan, executive chairman of Haiyu International, serving as chairman of the board meeting on February 14. He also pointed out that Yuan Tianfan's wife Li Huimin had never formally accepted the position of director of Haiyu, and doubted its legality.

Yuan Tianfan naturally had to fight back. On the one hand, he applied for an injunction from the High Court to prohibit Cai Shiliang from exercising his rights to subscribe to Haiyu International. On the other hand, he ordered the appointment of an independent accountant to conduct an internal investigation of Haiyu Securities. The investigation period was from January 91 to February 1, involving six securities trading accounts opened in the name of Indonesians.

"It is certain that Cai Shiliang will fight back. How confident are you?" Luo Qihong said with a smile.

He had reminded Yuan Tianfan a long time ago, but Yuan Tianfan was unwilling to push too far, which led to the current situation.

If it were Luo Qihong, he would have turned against Cai Shiliang from the very beginning, and he would probably have taken over Haiyu International by now.

"About 5 to 6 percent." Yuan Tianfan sighed, looking a little abnormal.

Luo Qihong thought about it carefully and said, "Do you still want to let Cai Shiliang go?"

Yuan Tianfan fell silent, obviously planning to do so.

"If you fail to kill the snake, you will be bitten by it. Although I think you cannot beat Cai Shiliang, I don't want you to lose because of kindness. Business wars have always been a life-and-death struggle, and you have been kind once. If you are kind again, you will most likely lose Haiyu International." Luo Qihong reminded solemnly.

"My friend said that harmony is the most important thing and can reduce big problems to small ones," said Yuan Tianfan.

It seems that Cai Shiliang has asked many people to intercede for him, which also proves that Cai Shiliang is afraid and Yuan Tianfan has the absolute upper hand.

Luo Qihong never liked to force others, so he proposed a compromise plan, "I suggest you split Haiyu International and do things independently. There is no need to play with Cai Shiliang anymore."

"Are you worried that this is Cai Shiliang's delaying tactic?"

Luo Qihong sneered and said, "I'm not worried. This is Cai Shiliang's strategy. If you don't accept my opinion, then find someone to take over Haiyu International's shares for me. This should not be difficult for you."

Luo Qihong will not continue to take risks for Yuan Tianfan. Business is business, and he has helped Yuan Tianfan several times, so it is time to make a decision.

Yuan Tianfan knew that he was able to gain the upper hand entirely because of Luo Qihong's help, and the absence of independent director Wen Shichang must have been caused by Luo Qihong.

"Okay, I'll listen to you, Luo Sheng, and separate from Cai Shiliang. I think he will agree." Yuan Tianfan said with a sigh of relief.

With Luo Qihong's strong pressure, he didn't have to worry so much.

"If Cai Shiliang disagrees, just tell him that I will intervene directly. Haiyu International's assets are still worth considering." Luo Qihong said with a faint smile.

"You can't be too soft-hearted when doing business. You need to make decisions promptly and don't care too much about human relationships." Luo Qihong continued to persuade.

Yuan Tianfan nodded and said, "Thank you Luo Sheng for your teachings."

"We are friends and partners. It's not a matter of teaching. I just don't want to see you lose Haiyu International," said Luo Qihong.

The business environment in Hong Kong is very different from what it was decades ago. The business philosophy of predecessors such as Cheng Yu-tung has become outdated, because people nowadays want to get to the top by any means necessary and do not care about human relationships or loyalty.

(End of this chapter)