Hong Kong 1980: The Savage Era

Chapter 553 Chapter 555 [Selling off Selling off] (New book, please collect it)
Today, the Hong Kong stock market and local markets are booming, and everyone is frantically making money, completely forgetting about the stock market crash. However, as a family member, Luo Qihong still wants to remind them.

"I plan to close my securities and stock investments in Hong Kong and even Asia by the end of the year, and I will also sell off a portion of Hong Kong's property assets. I think the economic bubble has already formed and is getting bigger and bigger. The Americans call Asia their ATM, and even the UK has been sniped. I don't think the Americans will let go of Asian countries." Luo Qihong suddenly said this, cooling the atmosphere by 10 degrees.

Bai Jinyan believed in Luo Qihong very much. After thinking about it, he said, "Then I will start selling some of my properties and stocks at the end of the year."

Bai Jinyan is not worried about Zhaoan Group. Luo Qihong will definitely make arrangements. This is a big event.

Chen Yusan was surprised and asked, "Ah Hong, is this true? How sure are you?"

Luo Qihong smiled slightly. "I'm 7 to 8 percent sure. If you don't believe me, I can't do anything about it. Just figure it out on your own. If it happens, don't say I didn't warn you."

"When do you expect it to happen? How long do we have to sell the properties?" Luo Qixing had to take it seriously, because his younger brother was the 'God of Stocks'.

"Next year, I really don't know when exactly, but everyone should have half a year to sell off, presumably in the second half of the year," said Luo Qihong.

"That still leaves a lot of time." Luo Qixing nodded.

Luo Qihong smiled and said, "You know it now, don't tell anyone else, so as not to cause market panic."

Although many people are blind and greedy, Luo Qihong still has quite a few fans. These people combined form a considerable force, so Luo Qihong does not want to make the market bad and affect shipments.

The building reconstruction plan of Zhaoan Group and Dehe Real Estate Company has been completed and is now being rented out on a large scale. Luo Qihong plans to sell off several commercial buildings in Central and all scattered properties by the end of the year. It is estimated that Dehe Real Estate Company alone will be able to recover nearly 200 billion in cash.

Luo Qihong is considering whether to sell the Entertainment Building and the On Lok Yuen Building. These two buildings are located in the core of Central and are important assets of the Zhao On Group.

After reconstruction, the Entertainment Building will have an area of ​​17 square feet and is worth HK$36 billion. It will be sold for HK$39 billion by the end of the year without any problem. After reconstruction, the On Lok Yuen Building will have an area of ​​19 square feet and its location is no worse than that of the Entertainment Building. It will be worth HK$43.5 billion by the end of the year.

In fact, these two buildings could still be taken back after the financial crisis.

From 98 to 2003, there were many commercial buildings for sale in Central, Hong Kong, and the prices were 5% to 6% cheaper than at the end of the year, so Luo Qihong could make at least 5% profit.

Of course, popular stocks like Entertainment Store and Anleyuan could be sold off in April or May 97.

Time flies, and in the blink of an eye it is already 97.

Last year, the Hang Seng Index climbed from 10473 points to 13451 points at the end of the year, an increase of 28.4%, which is not very high.

In 96, ordinary residential properties in Hong Kong increased by 25%, luxury homes increased by 40% to 50%, commercial buildings as a whole increased by 41%, and the price increase of shops in core areas was even more astonishing, doubling.

"Boss, the group's ordinary residential units have almost been sold off to recover funds." Chen Zhilong reported, "According to the plan, the next ones to sell are the luxury homes, shops and small-scale shopping malls."

Luo Qihong said, "The sales of properties in these three areas should be accelerated and completed before April as much as possible, so as not to cause market turmoil."

"Yes!" Chen Zhilong's heart was slightly shaken. It seemed that the coming crisis would be no smaller than the one in 87. Even all the luxury houses were for sale.

In fact, Hong Kong's real estate market is huge, and it is a booming market now. It is not a big problem to acquire the tens of billions of property assets of Zhaoan Group. However, it is better to be cautious, after all, many people are eyeing Zhaoan Group.

Luo Qihong then went to Hengchangxing Holdings Company, Fujia Newspapers and other subsidiaries and asked them to do the same thing and sell off properties and securities stocks across Asia.

Until the eve of the Spring Festival, Luo Qihong had been flying back and forth between Asian countries on a special plane to arrange matters for his companies, especially in Singapore, where his business accounts for a large proportion.

Luo Qihong lay on the rattan chair, looking at the sea in the distance comfortably. After being busy for a whole month, he finally had time to rest.

"Brother Hong, the market is so good now. If we sell all the properties and stocks, won't we make a lot less money?" Li Jiaxin grumbled in dissatisfaction. Her vision was the narrowest among all the women Luo Qihong had.

Maybe God gave her a beautiful face but took away her intelligence.

"The crisis is coming soon. When the time comes, you will lose everything you have. Don't cry." Luo Qihong said jokingly.

He has no interest in the billions of properties owned by Li Jiaxin. By July, he will have at least 7 billion Hong Kong dollars in cash.

Guan Jiahui was very smart and responded by saying, "Then which properties should I sell?"

Luo Qihong pinched Guan Jiahui's cheek and said, "Learn from the second brother, who is so cunning. I think you should sell everything except the villa you live in and The One building in Tsim Sha Tsui, including the stocks. You can take your time, there is still plenty of time."

"Hmph! I won't learn from her. Then I will only keep the two buildings and the villa in Mong Kok and give up the others." Li Jiaxin said insincerely.

"Keep one and sell the other one." Luo Qihong went on to explain, "Don't worry, you can buy it back, and I guarantee you'll make a lot of money. It's just temporarily handed over to someone else for safekeeping."

"How much can you earn?" Guan Jiahui asked with a smile.

"About 4 or 5 percent." Luo Qihong was still conservative. It wasn't that he couldn't make up the money, but he was worried that these women would pay too much.

"That's a lot. I can make at least 13 billion. Adding the profits from the stock market, it should be billion." Guan Jiahui became more and more excited the more she thought about it.

"And you must give up all your private properties in Singapore. Don't leave any behind." Luo Qihong ordered, "If you don't want to go to Singapore, you can ask Heng'an Investment Company to help you deal with it."

Zhaoan Group Office.

In the past, the shipping industry began to decline after the Asian financial crisis and hit rock bottom in the millennium. Shipyards had no orders and cargo ship prices plummeted. It began to recover in 2001, with freight rates increasing several times within a few years. It did not fall into an 2008-year downturn until the global financial crisis in 8.

The shipping business of Zhaoan Shipping Company accounts for about 40% of its total business. If it cannot be avoided, it will be hit hard and the group will also suffer losses.

"How is the shipping company doing?" Luo Qihong asked.

Tan Yunqi said, "We have sold the idle ships, and now we still have about 8% of the ships."

"Continue to reduce business volume, sell ships, and keep 4% to 5% of the tonnage." Luo Qihong gave a clear indicator.

Tan Yunqi was a little embarrassed. "Boss, many business contracts have not yet expired. Large-scale reduction of ships may affect business. If there is a delay, there will be a high compensation, and it will also affect the reputation of our company."

"We need to be more flexible. After selling the ships, we can lease them from those companies. The lease term should preferably be half a year, and at most one year," said Luo Qihong.

(End of this chapter)