Chapter 50 050 [The fish takes the bait]
"Do you want to do the cubicle business or property speculation?" Lin Luoqi asked. He felt that the two projects were least likely to be carried out together. Luo Qihong was not so promising. energy.
"Which one do you think is better?" Luo Qihong really didn't think about it yet.
Lin Luoqi chuckled and said, "I think it must be the most profitable speculation."
"Okay, then let's speculate on properties. I'll look for targets first." Luo Qihong smiled slightly. He said, Lin Luoqi's face must be taken into consideration when everyone carries the sedan chair.
Dehe Real Estate Company
Luo Qihong rented an office room with an area of 746 square feet on the 13th floor of To Lao Chi Building in Wan Chai. He now has three fixed staff members, most of whom are salesmen and do some simple work. However, the salary is not low. Luo Qihong gave them a salary of 3,000 yuan.
"Bah!" Luo Qihong clapped his hands, attracting the attention of three employees, "The company has made a lot of money this time, so I will take you to celebrate. What do you want to eat?"< br>
The staff looked at each other. They had just joined the job a few days ago, and how could they actually do such a good thing?
"What? Don't want to go?" Luo Qihong understood the reason for their reaction, so he spoke in a joking tone.
"Can I eat anything?" Chen Shanru, a female staff member with a fat figure and a round face asked weakly.
"The budget is 4,000 yuan. As long as it doesn't exceed the standard, in theory you can eat whatever you want." Luo Qihong pursed his lips and said with a smile. Only when the company earns money and rewards these employees will they be more motivated.
"The four of us are going?" Chen Shanru continued to ask.
After explaining to them, Luo Qihong returned to the office and re-analyzed the previous bankrupt company information, intending to find the most suitable company to start with.
This time we need to find two companies, the first and best one is used for private acquisition, the 'treasure hunt' target after the acquisition of China Bus Company, and the second one is used for implementation The situation of the 'sniper' plan can't be too bad, at least it is the second best company in the pile of information at hand.
Gide Real Estate Co., Ltd., which was placed first by Liang Botao, attracted Luo Qihong's strong attention.
It is now February 1981, and the price of industrial building-type properties has stopped rising. However, prices will not drop immediately because the local market is still very prosperous.
Most of the assets of Gide Real Estate Company are industrial building properties. If the price of industrial land drops after the acquisition, the price of industrial buildings will definitely not be maintained, and the operating conditions of Gide Real Estate Company will be affected. It becomes worse and worse, and it seems that it can form a huge pit.
"Okay! I'll choose you." Luo Qihong showed his strong white teeth.
Then he continued to select listed companies that were suitable for his business, and finally found that some companies had really good qualifications, but his funds were very limited. Counting the future proceeds from the acquisition of China Bus Company, the funds he could use were Around 13 million yuan cannot save some companies with high asset values.
"Liang Botao still has something. He can actually see that I don't have much funds. Let's go to Paramount Company. This company's 13 million integrated funds are enough." Luo Qihong put the information on the table.
Paramount Restaurant Co., Ltd. was listed in the second half of 1972. The listing conditions at that time were very loose. As long as the asset value exceeded 20 million, and some shares were given to the directors of the exchange, it would be fine. Listed.
As a result, in 1972, nearly 100 companies were listed on the stock exchange in Hong Kong, doubling the size of Hong Kong's stock market.
After the great stock market crash in 1973, the Hong Kong government has made it more difficult to go public and established regulatory authorities and regulatory systems for the securities market. There is no such loophole to exploit.
Paramount Company raised more than NT$20 million in 1972 and purchased a large number of properties with loans, including many offices and office buildings in Central, Wan Chai and Kowloon. Unfortunately, in 1977, the property prices were slightly lower. When possible, Xu Haizhi, chairman of the board of directors of Paramount Company, sold a large amount of land. Although it temporarily brought down the company's debt ratio, he saw that the local market was so hot that he bought a lot of land in the New Territories, especially in the late 1970s. New Town, Yuen Long and Tai Po. Nowadays, a large amount of funds are tied up in this, and coupled with the downturn in the catering industry, other debt interests can only be repaid by rent. Paramount Company is struggling to survive.
After determining the context of the matter, Luo Qihong spent two hours making a crude plan and took him to Huoduoli Company to find Liang Botao.
Small Reception Room of Hudoli Company
A cup of steaming coffee was placed on the table in front of both of them. The bitter and fragrant smell wafted around, filling the entire reception room.
Luo Qihong handed the plan he had prepared to Liang Botao and said, "Liang Sheng, I want to pretend to acquire this company. The acquisition speed should be slower and there should be more flaws, but it should not be too obvious and cannot be made public. Found out there is a trap.”
Sniper tactics had not yet appeared. Even financial and securities talents like Liang Botao did not know what Luo Qihong wanted to do. It was not until he read the plan that he had a rough idea of what Luo Qihong wanted to do.
“Luo Sheng wants to borrow other capital to raise the stock price and finally make a fortune?” Liang Botao asked, “I have a question. If the target capital does not end up, Luo Sheng’s purpose cannot be achieved at all. "
"What Liang Sheng said may happen, then I can only take over Jide Real Estate Company and try my best to run it well," Luo Qihong said with a slight smile.
If Lin Luoxun really doesn't fall into the trap, Luo Qihong will take over Gide Real Estate Company and quickly sell all its industrial buildings and properties to withdraw funds, reduce losses, and then find ways to increase capital.
Despite the losses, Luo Qihong does not think that Gide Real Estate Company's debt ratio cannot be reduced. After all, he is a 'prophet'.
"In that case, when will I start to absorb the shares of Gide Real Estate Company?" Liang Botao asked.
Luo Qihong replied, "Starting tomorrow, I will transfer 4 million start-up capital from Dehe Real Estate Company. The current stock price of Gide Real Estate is 0.6 yuan, with a total share capital of 41 million shares and a market value of 24.6 million yuan. "
"Liang Sheng needs to use 3 million of it to secretly purchase 12% of the stock at a price of 0.6 yuan. He will wait for my notification about the meeting with shareholders. Liang Sheng just needs to be prepared for this."
"Okay! I will carefully delay the acquisition of 12% of the shares." Liang Botao understood all Luo Qihong's plans.
In the next few days, Luo Qihong and Lin Luoqi met frequently, and sometimes deliberately said something to let the two brothers Lin Luoxun and Lin Luoshi know about the traitors in Yiren Real Estate Company.
Office of the Deputy General Manager of Haofeng Real Estate Company
Lin Luoshi said to Lin Luoxun, "It has been found out that Lin Luoqi and Luo Qihong are preparing to acquire a company called Gide Real Estate. The company's operating conditions are the same. Not good, but if there is new capital injection, we should be able to change the business situation and get out of the crisis."
"Last time we failed with Yiren Real Estate Company, the main reason was that we started too late. We have to start early this time, otherwise Lin Luoqi will take over Gide Real Estate again."
Lin Luoxun was still very cautious and found something strange, "They were able to keep it secret last time, how come they let it go so easily this time. Do we know? I'm afraid there's some fraud involved."
"Brother, you are too timid. Even if they set a trap, the situation of Gide Real Estate cannot be fake, right? It's not like they can cover up the sky with one hand," Lin Luoshi said impatiently.
Lin Luoxun also doesn't want Lin Luoqi to acquire another listed company. The current market value of Yiren Real Estate Company exceeds 100 million yuan. Adding another company, Gide Real Estate, will have a market value of at least 150 million yuan.
If Lin Luoqi continues to develop like this, his status in the Lin family will be seriously affected. The right of eldest son inheritance is nothing more than a joke in the eyes of many people. The family has always been that the capable are promoted and the weak are eliminated.
"You first go check the details of Gide Real Estate Company, don't miss anything. Just find out as much as you can today, and we'll do it tomorrow." Lin Luoxun said in a deep voice, with a solemn expression on his face.
(End of this chapter)