Hong Kong 1980: The Savage Era

Chapter 549-551 [Arrogant] (New book, please collect it)
The Zhaoan Group has a lot of prime land, even the parking lot in North Point has very limited appeal to Luo Qihong. Instead, he is interested in technology companies.

Because technology companies have a monopoly on Hong Kong's transportation payment methods, it is a relatively stable source of income and can even be regarded as a family heirloom.

No wonder Liu Luanxiong was so concerned and insisted on luring Luo Qihong to acquire China Bus Company.

"Let the payment and transfer business be handled by Bahrain Bank under Zhaoan Group. This way, I don't have to send anyone to supervise the new company." Luo Qihong said quite bluntly.

This kind of financial business must of course be done in cooperation with financial companies or banks; technology companies cannot do it alone.

"No problem! Let's have a pleasant cooperation!" Liu Luanxiong raised the glass with a smile.

"Big Liu, are you planning to hand over the management of the technology company to Little Liu?" Luo Qihong asked, putting down his wine glass.

Liu Luanxiong nodded and said, "Yes, I have this plan. Does Luo Sheng have any other good suggestions?"

Of course, this was a polite inquiry, not something I wanted to hear from Luo Qihong.

"Xiao Liu is a good guy and a good fit. I have no objection." Luo Qihong smiled faintly.

The Liu brothers are well-known working emperors in Hong Kong. They can receive tens of millions of salaries every year from the Chinese Estates Company. However, since they have cooperated, the Liu brothers dare not play tricks with China Bus and the technology company. After all, it will offend the great man Luo Qihong.

The Chinese Estates Company was very efficient and immediately commissioned Peregrine International to secretly acquire shares of the China Bus Company. At the same time, it established China An Technology Co., Ltd. and searched around the world for R&D talents.

As long as Huaan Technology Company can develop magnetic cards and corresponding systems, Luo Qihong is confident that he can convince MTR, KCRC and other transportation companies to join, and Huaan Technology Company will make a lot of money in the future.

To a certain extent, the magnetic card developed by Huaan Technology Company can be used as a bank, which is of great help to people like Liu Luanxiong in the financial field.

At this time, Yan Chengkun, the person in charge of China Bus Company, was over 90 years old. Although he continued to serve as chairman of the board, the management of the company had been handed over to his two sons and one daughter, and he was only responsible for major decisions.

On November 11, Liu Luanxiong and his brother visited the Yan family to discuss the acquisition of China Bus Company, but were sternly rejected by the Yan family.

So that evening, Peregrine International, the spokesperson for Chinese Estates Holdings, announced its acquisition of China Motor Bus Company.

The next day, major Hong Kong media outlets began to attack the Yan family by using the shortcomings of China Motor Bus, such as poor management and service, and the expiration of the franchise, and the non-renewal of the contract. They also claimed that Chinese Estates Holdings had promised to make immediate changes after taking over China Motor Bus, and would introduce new technologies and abandon traditional payment methods.
In the past, Liu Luanxiong was a sniper in the Hong Kong stock market and had done many evil things. Now, he has acquired China Bus as a white knight and won a lot of good reputation, which Liu Luanxiong did not expect.

Thursday, March 11th.

The share price of China Motor Bus Company rose directly from HK$82.1 to HK$86.2, and its market value approached HK$32 billion.

However, a financial magazine disclosed that based on the value of China Motor Bus's bus business and the implied land price, the estimated net asset value per share exceeds HK$30. The total share capital of China Motor Bus Company is 3700 million shares, which means the net asset value is HK$11 billion. Of course, this does not include the securities held by China Motor Bus Company and the company's equity investment.

"Liu Luanxiong has picked up a great bargain. China Bus is so fat." Bai Jinyan said with some envy. She was becoming more and more greedy. When she saw good things, she wanted to take them for herself.

There are plenty of good things in Hong Kong, it just depends on whether you are strong enough to grab them.

The Luo Qihong family has enough assets in Hong Kong. If they want to expand their influence further, they can only gain more benefits through joint ventures. As for direct control, it is not advisable.

A force that is too powerful will eventually backfire.

"It is only natural that China Bus is being targeted again. The Yan family has occupied the franchise but has done nothing, causing complaints from the public. The Hong Kong government has urged Yan Chengkun several times, but Yan Chengkun still ignores it." Luo Qihong said, "As long as Liu Luanxiong does not care about the losses this time, the Yan Chengkun family will definitely give up China Bus." "We, Zhaoan Real Estate, have also cooperated with China Bus several times. Its assets are indeed very good. I think the net assets are more than 11 billion, and should be close to 20 billion."

Upon hearing this, Bai Jinyan's eyes lit up. The market value of 30 billion and the net asset value of 20 billion are not equal. Once the acquisition is successful, he can make a net profit of 20 billion.

"In fact, what is most exciting is the newly established technology company, which will almost monopolize the payment of transportation in Hong Kong. This is a big business." Luo Qihong smiled slightly.

He was satisfied that Barings Bank took half of the benefits. He couldn't completely wipe out Liu Luanxiong's plan.

"Monopoly? How could he want to cooperate with him?" Bai Jinyan saw the trick.

"Well, it has been discussed. Zhaoan Group will also hold a portion of the shares of China Bus Company." Luo Qihong said.

Bai Jinyan smiled and said, "Then Yan Chengkun is trapped in a jar, right?"

"This old man is very stubborn. Liu Luanxiong came to visit him and was scolded out." Luo Qihong laughed and said, "Now Liu Luanxiong wants to destroy the Yan family."

"Swearing is indeed impolite." Bai Jinyan nodded. She had also heard that Yan Chengkun had a bad temper, but she didn't expect that he still didn't control himself even at such an old age.

Luo Qihong said, "Okay! Leave the affairs of China Bus Company to Liu Luanxiong and Liang Botao. They can handle the Yan family."

"How are the group's investments in the mainland? I haven't managed electronics factories or clothing factories for a long time. Are these companies not making losses?"

Bai Jinyan shook his head and said, "No. Labor costs in the mainland are low and costs are not high. The electronics factory made a total profit of 1030 million Chinese yuan last year. The biggest profit for the clothing factory is still the investment in mainland red chip stocks."

In fact, Luo Qihong had some understanding of all this. After all, Bai Jinyan did not have the final say in the Zhaoan Group, and some people still did not want to rely on this "boss lady".

"The bubble in the Asian economy is very serious. Thailand is an example. You have to pay attention at all times," Luo Qihong reminded.

The financial crisis in Asia was so severe that if Zhaoan Group did not have time to sell off its shares and withdraw, it might suffer heavy losses or even be on the verge of bankruptcy.

Of course he will stick with Hong Kong. This is his home base and no accidents will be allowed to happen here.

Yan family villa.

Yan Chengkun, with age spots all over his face, sat on the sofa tiredly, and scolded with full energy, "Why is it this Liu Luanxiong again? What does he want?"

The eldest daughter, Yan Jieling, 68, said: "Liu Luanxiong is coming with such force. I think there must be someone behind him, most likely Luo Qihong."

"What are you afraid of? So what if it's Luo Qihong? My Yan family is no pushover. When I was doing business, I didn't even know where his father was." Yan Chengkun said arrogantly.

The patriarch's style was clearly revealed, and even the 59-year-old youngest son Yan Henry was a little scared.

"Hmph! People outside are saying that our Yan family is not running the bus business, so we might as well give it up to others. Now the main business of China Bus Company is real estate, so we don't have to do the bus business, it won't have much impact." said his son Yan Jie Qiang.

"Now Liu Luanxiong wants to take over the entire China Bus Company, not just the bus business." Yan Jie Ling scolded her brother.

(End of this chapter)