Hong Kong 1980: The Savage Era

Chapter 538 540【Get it right】

With the strong media coverage, Singaporeans all know that Luo Qihong’s net worth is as high as 500 billion Singapore dollars, making him the richest man in Singapore, and this is still a relatively public figure.

It is difficult for professional financial media to find out how much assets Zhaoan Group and Hengan Investment Company have hidden. We only know that 500 billion Singapore dollars is the most conservative figure.

Therefore, Luo Qihong is fully capable of competing with the Singapore government for the acquisition of the airline. Even if he can defeat Luo Qihong, the Singapore government will suffer heavy losses.

Stockholders are all investors. They don’t care whether the government fails or not. They just want to profit from it and make a fortune.

On the third day, Hengan Investment Company continued to buy stocks aggressively, but had no intention of "announcing the acquisition". This made some financial experts uneasy, believing that this was a Hong Kong-style stock market sniping tactic.

Unfortunately, the crazy investors don’t care about all this and still hold on to their shares and wait and see, wanting to sell them at the highest price.

"British Airways and Qatar Airways have already entered the market. They are in talks with Singapore Airlines' shareholders. Once the deal is done, they will be able to acquire approximately 9% of the shares," Zhang Wenhe reported.

"It's best to release this information to the media and reveal to these two companies that Hengan Investment is interested in selling its shares." Luo Qihong waved his hand and said.

Western countries still have great influence in Southeast Asia. Of course, there are many historical reasons for this. However, the Singapore government is not one that can be bullied, and the state apparatus is still very powerful.

"Should we notify the Temasek Group under the Z government?" Zhang Wenhe still felt that he would offend the Z government and wanted to take the opportunity to ease the relationship.

Luo Qihong nodded and said, "Okay, let's notify them. If Temasek calls, tell them that 'the highest bidder wins'. Hengan Investment is not a charity."

State-owned enterprises have always had a bad habit of using their power to oppress others, and their bureaucracy is very strong. Luo Qihong dare not let his guard down. He has many choices and there is no need to compromise.

Singapore has just started to develop, and the government should not dare to violate market rules too blatantly, but it will have to resort to covert means.

Soon, Singapore Airlines' share price soared again, with its market value exceeding S$60 billion, making it one of the top five companies in Singapore by market value.

Hengan Investment holds a 3.7% stake in Singapore Airlines, worth S$2.3 million, with a profit of S$6600 million. However, this is not enough to satisfy Luo Qihong. His goal is to make a profit of more than S$1 million.

"Temasek expressed its willingness to acquire our shares at a 1% premium, British Airways at a 2% premium, and Qatar Airways at a 17% premium," said Zhang Wenhe.

Luo Qihong thought about it and decided to do the opposite. "Call Qatar Airways and tell them that Hengan Investment is willing to pay a 2% premium to acquire their shares in Singapore Airlines. See how they react."

"Do we need to disclose this matter to Temasek and British Airways?" Zhang Wenhe asked, following Luo Qihong's train of thought.

"Of course! I think these three parties don't want me to get involved. If they want our quotation, it will be a 4% premium." Luo Qihong said with a sneer.

At such a tense moment, these three gangs were still so stingy and simply didn't take him seriously.

Therefore, he had to stimulate these people. He had the ability to take over an airline with a market value of just S$60 billion, and there would be no losses. He believed that the Swire Group was very interested in intervening in Singapore's aviation sector.

When you sell it at that time, it is impossible to double your money, but it is very likely to make a 50% profit.

"Isn't it a bit too high?" Zhang Wenhe thought that the buyer would not be able to pay such a high price, and it would be a bad ending if he failed.

"Ask for a sky-high price and pay back on the spot! This is an old rule in the shopping mall, but our reserve price is 3%, and no less." Luo Qihong said with a smile. Since he has become a stock sniper, he naturally has to sell at a good price.

"Should we continue to buy?" Zhang Wenhe asked. In fact, there would be no profit to be made by continuing to buy, but it would help to increase the stock price.

Luo Qihong smiled and said, "Continue to buy at a high price. As long as the deal is not concluded and the contract is not signed, we have the right to continue to absorb it. They are not tactful, and we can only make them tactful." "Also, don't stop the media hype. Add more fuel to the hype. You can even say that Hengan Investment intends to join the acquisition war and has contacted Qatar Airways."

Business news is always true and false, and it is up to the parties involved to make clear judgments.

Luo Qihong now has two major groups in Singapore, plus properties in Orchard Road, so there is no need for him to be too low-key.

The next day, Luo Qihong became interested and decided to teach these three families a lesson, so he made an appointment to meet with Guo Lingming from Guo Fangfeng's family.

That’s right, Luo Qihong had his eyes on the 2.3% stake in Singapore Airlines held by this family.

He believed that those forces were unwilling to pay a high price because they did not hold enough shares to change the situation. As long as they had enough capital, it would not be their turn to be unwilling.

In fact, Luo Qihong was not sure about this. Guo Lingming was not someone who was easy to control. He suffered a loss at his hands last time, but he would definitely win back this time.

But Luo Qihong was just a transit station, so there was no real loss to speak of.

"Mr. Luo, are you interested in the 2.3% shares of Singapore Airlines that I hold? The competition is very fierce now. Many people have come to negotiate with me, but unfortunately I rejected them all." Guo Lingming said with a smile.

Luo Qihong was not afraid to respond, "Oh? What's the reason? Is the price not suitable?"

They are all businessmen. Even if there are "teeth marks", they will not abandon their interests. They just want more profits.

"Then how much is Luo Sheng prepared to bid?" Guo Lingming did not answer directly.

"How about a 3% premium on the current market price?" Luo Qihong persuaded. "I have also contacted someone here. The highest premium is 2%. I think they should give Guo Sheng about the same."

Guo Lingming sneered, "What if I want more? Luo Sheng should understand the principle of waiting for a good price. After all, Luo Sheng has done a lot. I can't let the company's shareholders down."

"Of course, please name a price, Mr. Guo." Luo Qihong was not surprised. As long as the premium did not exceed 5%, he would accept it.

Singapore Airlines is very famous in Southeast Asia and is vaguely known as the number one airline. Even if it ends up in Luo Qihong's hands, it's still a good thing.

"Does Mr. Luo really want to acquire Singapore Airlines? This is not easy. Not to mention the government hurdle, British Airways is not a good deal. Isn't Mr. Luo afraid of incurring huge losses in the end?" Guo Lingming was still somewhat impressed by Luo Qihong's courage.

"I know that many people are not optimistic about me because I hold the least shares, but this does not mean that I will definitely lose. Even if I lose, I will not suffer any loss." Luo Qihong said bluntly.

In fact, he also wanted to spread the news to the outside world through Guo Lingming: Hengan Investment Company really intended to acquire Singapore Airlines, further increase the stock price, and make the other three parties feel a huge sense of crisis.

"As expected of him, he is the 'super dragon from Hong Kong'. If I offer a 4% premium, Mr. Luo won't think I am greedy, right?" Guo Lingming said with a smile. Now he finally understood why his cousin Guo Lingcan thought so highly of Luo Qihong.

Luo Qihong said, "Okay, let's have a 4% premium. How about we trade tomorrow?"

"No problem! The time is a little tight, but the competition is fierce right now, Luo Sheng needs to be quick." Guo Lingming got the advantage and regained his face from last time, and was extremely happy.

Luo Qihong felt a little painful, but he was also happy, after all, he could control the three forces.

(End of this chapter)