Chapter 24 024 [Yiren Real Estate] (Please collect)
December 6, Saturday
Due to the busy work for days, Guan Jiahui couldn't hold it any longer, so she chose to rest on this day. I went shopping with my best friend, and Luo Qihong was the only one left in Hehong Real Estate Company.
"I heard that a great company came to North Point and caused a lot of confusion in North Point. Your business has not suffered any losses, right?" came a familiar voice, with a hint of tone in his tone. make fun of.
Luo Qihong turned to look at the person who came, and after confirming that it was Lin Luoqi, he smiled and said, "There must be some losses, but they are not big. Besides, my business is taken care of by you, so they can't bring it down."
"Drink a cup of tea first. I bought this from a tea shop at a high price, 500 yuan for half a catty." Luo Qihong poured a cup of tea for Lin Luoqi.
Lin Luoqi smelled the tea and said, "It's quite fragrant, but I still like to drink coffee."
Luo Qihong didn't answer this, but asked with a smile, "Are you here today?" What kind of good business can you introduce to me? "
Lin Luoqi shook his head, "There is no business, but it can still be called business. I am going to attend the bankruptcy auction and I am here to ask if you are interested in joining? ”
Luo Qihong was a little confused. Lin Luoqi knew it. All his funds were in the stock market. Even if he went to the auction, he wouldn’t be able to buy anything, but he could learn a lot, but Lin Luoqi’s What's the purpose?
Seeing Luo Qihong's expression was abnormal, Lin Luoqi understood Luo Qihong's concerns, so he smiled and said, "I want to take some of the auction items secretly. I don't want others to know, especially my family."
These words caused a stir. Luo Qihong's curiosity was aroused, but he did not ask further, but agreed, "Okay! I just happened to go to see the auction, and I may use this experience in the future."
Lin Luoqi smiled. After a few words of banter with Luo Qihong, he explained the time of the auction, some details that needed attention, and gave him a list of items that needed to be auctioned by Luo Qihong.
After Lin Luoqi left, Luo Qihong picked up the auction list and looked at it carefully. The company Lin Luoqi specifically mentioned was also on the list. The auction was for 18% of the shares of Yiren Real Estate Company.
Luo Qihong didn't know if Yiren Real Estate Company was a listed company, but he guessed that Lin Luoqi wanted to break away from the family and borrowed Yiren Real Estate Company.
So, driven by curiosity, Luo Qihong called Zhang Taotao of HSBC Bank, "Hello! Is this Mr. Zhang Taotao? I am Luo Qihong!"
"Help me check a company, I want to Do you know if Yiren Real Estate Company is a listed company? Okay, I'll wait for your call."
After a while, Zhang Taotao confirmed that Yiren Real Estate Company is a listed company, but the current situation is not very good and it is on the verge of bankruptcy.
Luo Qihong went to HSBC Bank and asked Zhang Taotao for a copy of Yiren Real Estate Company's information documents. At the same time, he learned that the current stock price of Yiren Real Estate Company was 0.5 yuan, and the total share capital was 53 million shares.
This information document shows that Yiren Real Estate Company has a good asset value. As for why it evolved into what it is today, there is no record on it.
Luo Qihong shook his head helplessly and sighed, "I don't know how many years ago the information was, but it has not been updated."
Zhang Taotao argued, "Since 1972, there have been too many companies listed in Xiangjiang. In 1972 alone, There are 65 companies listed. Seriously, it is the second half of 1972. It is difficult for banks to update the information of all listed companies in a timely manner. "
Luo Qihong nodded and expressed his understanding, but asked, "Does Mr. Zhang understand? Do you know some acquisition rules?”
Zhang Taotao was shocked, “Does Luo Sheng want to acquire Yiren Real Estate Company? Since Yiren Real Estate Company is facing a crisis, the company’s liabilities must have exceeded 70% of its assets. It is impossible to repay the debt normally, and it is difficult to even pay the interest."
Luo Qihong felt that Zhang Taotao knew better, so he asked, "In Zhang Sheng's opinion, how much money will be needed to save Yiren Real Estate Company?"
"Luo Sheng, saving Yiren Real Estate Company does not necessarily require funds. The stock market is hot now. If assets of equal value are injected into Yiren Real Estate Company to increase the company's asset value and reduce its debt ratio, it may be possible to raise funds from the stock market for rights issues." Zhang Taotao continued to explain, "I personally think that in order to save Yiren Real Estate Company, at least 8 million yuan of funds or property assets worth 8 million yuan are needed."
8 million? !
Luo Qihong doesn't think Lin Luoqi has such a huge amount of funds, and this is at least a minimum. If he wants to have more funds and a higher success rate in reorganizing assets, he may need 10 million yuan.
He thought about buying the shares of Yiren Real Estate Company at low prices, waiting for Lin Luoqi's reorganization to succeed, and making a lot of money. Unfortunately, Lin Luoqi was very likely to fail.
Because this was Lin Luoqi's private action, his family had no knowledge of it. The huge demand for funds was a difficulty, and it was also the first difficulty in running Yiren Real Estate Company.
The price of 3 cents per share is very attractive, and the profit is so high that even if it fails, it seems that you will not lose much money. Luo Qihong thought secretly in his heart.
In the end, Luo Qihong held back. He did not have enough funds and needed to cash out the shares of Hang Lung Company or Yongtai Construction Company from the stock market before he could buy Yiren Real Estate Company. This was not worth the gain.
The former two companies are a sure-profit business, while the latter's profits are huge, but the risks are also high. Perhaps it would be better to wait until the first two stocks are sold to cash out, and then buy the shares of Yiren Real Estate Company.
A few days later
Luo Qihong received the news that the District Office had a batch of land announcements and exchanges related to Class B official land exchange certificates. He hurried to the District Office, hoping to be the first to redeem some land in good locations.
On the public notice board, Luo Qihong saw the 300,000 square feet of land released this month, which is located in Tuen Mun District, Yuen Long District, Tai Po District and Sai Kung District. They are all relatively poor areas.
Packing up his emotions, he continued the operation of 'turning waste into treasure' and suddenly noticed the land near Tiu Keng Ling in Tseung Kwan O. Although the new town plan has not been announced yet, it is close to Kwun Tong District and is Coastal seems to be a good choice.
So, Luo Qihong decided to exchange for the land in Tiu Keng Leng, Tseung Kwan O. However, the land was connected together, covering an area of about 48,000 square feet, and the Land Department officials were reluctant to divide the land.
Luo Qihong had to talk a lot before convincing the district department officials to take over 20,000 square feet of land.
The procedures were completed very quickly, and the transfer procedures were completed in just two hours. Luo Qihong also personally went to Tiu Keng Ling to confirm the land, which is only 2 kilometers away from the seaside.
What surprised him was that there was already construction work on a small site nearby, and the value of the land in his hands should soon increase.
240,000 yuan to buy 20,000 square feet of land is really cheap.
Back at the North Point shop, Luo Qihong noticed an abnormal light shining into the shop as soon as he entered the door. He turned around to look for the light source and was almost blinded.
It turned out that there was a Bagua mirror hanging on the door of the agency store across the road. The sun began to set in the west, reflecting the sun's rays and hitting the door of the store.
People in Xiangjiang are very fond of Feng Shui. This is unlikely to be an unintentional mistake. There have been many incidents caused by Feng Shui, including injuries and deaths. Many people in Xiangjiang pay great attention to the use of Bagua mirrors and the like. They are worried that Accidentally get into trouble.
"Aren't you going to talk to the other party? This is a luck-robbing bureau in the Feng Shui bureau!" Guan Jiahui said seriously, and Kazilan stared at Luo Qihong with big eyes.
(End of this chapter)