Chapter 77 077 [Acquisition case breaks out]
Luo Qixing doesn’t understand these very well, but he can learn slowly. Of course, judging from Luo Qixing’s ‘dead brain’, this will be a long process.
Doing business requires risks, especially during the period of expanding the scale. The so-called cyclical and gradual steps are just methods and plans that are completely unclear about the situation, and are not suitable for the Luo family's situation at this time.
Actually, Luo Qihong doesn’t know much about the printing industry, but he is bold and has financial resources. Even if there is a problem with the family business, he can still throw money into it. It is just a simple matter to keep the original family business. .
After reviewing the financial documents, the three immediately went to the lawyer's office to sign the contract. The Luo brothers successfully won the Shengyun Printing Company for 570,000 yuan. They then met with the five workers and announced the boss change.
"I've seen it. The factory building on the third floor can accommodate two pieces of equipment, but the working environment will become worse. I think we will need to recruit people later. If there is a chance, let's rent the other half floor." Luo Qihong continued "I plan to let my father be the general manager of the company and you be the deputy general manager. Let's learn to manage slowly. The scale is not very big anyway."
"Yes!" Luo Qixing nodded, and he suddenly thought of Lin What Ya said: Ah Hong is buying a family business for you. You have to learn how to do business on your own. There is no way to trouble your brother all the time, so he secretly made up his mind to study hard and learn how to do business.
According to the current scale of Shengyun Printing Company, there is a monthly profit of 20,000 yuan. Although the profit is not much, it is very promising. This is just the initial scale, and it will definitely continue to expand in the future.
Luo Qihong is not interested in the printing industry. This thing is greatly affected by the environment and is not a stable industry.
Based on his research on the four major families in his past life, he felt that in order to have a solid foundation, it is necessary to have a well-established company with a stable source of income, such as the Chow Tai Fook Jewelry Company of the Cheng Yutong family, the Kowloon Bus Company of the Kwok Desheng family, and the Lee Chiu Kee family. China Gas Company and the Li Jiacheng family's electric lighting company.
Therefore, he must have a fairly stable company as a foundation for the family before he can really make a fortune.
Parlem Restaurant Company Office
Su Qishan stood in front of the desk with a very respectful expression. He was already convinced by Luo Qihong, the young boss. It turns out that being older can only mean that he has accomplished nothing. , the rest of the experiences are just excuses for not working hard.
Luo Qihong glanced at Su Qishan and said, "Sit down, why are you standing?"
"Thank you, boss!" Su Qishan then pulled out his chair and sat down.
"Don't tell anyone about the Sham Shui Po warehouse, and keep the information well." Luo Qihong said seriously, "The company does not have the funds to carry out the project yet, and it will take some time to withdraw the funds."
"Yes, I know, and I will definitely keep it a secret," Su Qishan promised seriously.
The survey report submitted by Su Qishan is very detailed, especially the location distribution of warehouses in the Sham Shui Po area, population density, recent statistics on the number of vehicles entering and exiting, and the required parking spaces.
Luo Qihong plans to convert the Sham Shui Po warehouse into a parking lot. He should be able to make a lot of money by selling it to a parking management company.
The Sham Shui Po area is one of the most densely populated places in Xiangjiang. In addition, the land is expensive and there are many residents. Even if you want to demolish and rebuild the tenement buildings, it will require a lot of manpower and material resources, and the profits will be greatly reduced, so many Real estate developers are unwilling to build these tenement buildings.
Li Zhaoji, who specializes in demolition and reconstruction business, is very secretive about the tenement buildings in Sham Shui Po and dare not take action lightly.
Although the residents there are not very wealthy, the population base is large, and the parking lot is still very marketable, but the need to deal with the community makes Luo Qihong a little timid.
"I have also read the other property information you submitted, and they are all quite detailed. The company is very interested in the Shi Feng Building, which is about to be completed and sold in Sheung Wan. You should keep up your efforts and continue to dig up information about Shi Feng Building. The company's goal is to acquire the entire Shifeng Building," Luo Qihong crossed his fingers on the table and stared at Su Qishan.
The Seaview Building in Sheung Wan was built in early 1980 and has now been renovated. The sale date is not far away. It is a medium-sized commercial building with a height of 21 floors and a floor area of 252,000 square feet.
Based on the current price of commercial buildings in Sheung Wan, the market value of Shifeng Building is about NT$70 million. Paramount Company can barely acquire this commercial building and raise half of the cash, while the remaining half needs a bank loan.
Su Qishan's eyes widened and his face was full of shock. The previous company's market value was only 50 million yuan, but now it wants to acquire Shifeng Building, which has a market value of more than 70 million yuan. Isn't this a gamble?
"Don't worry about anything else. Collecting information is your full-time job. You can also contact the owners of Shifeng Building, reveal our intention to acquire the entire commercial building, and test the owner's attitude." Luo Qihong commanded. "Yes!" Su Qishan began to think about Luo Qihong's development strategy. He felt that Luo Qihong was very courageous and capable. This might be his opportunity to become a master.
Of course Luo Qihong knows the difficulty of acquiring the Seaside Building in Sheung Wan, but once this building is acquired, the share price of Paramount Company will immediately see a new increase, and the market value can even soar to 1 100 million yuan, this is the threshold for a company.
Having entered the 100 million yuan club, Paramount’s next goal is a market value of 500 million yuan.
Jingle bell bell! !
The phone from the turn of the century rang in the office.
Luo Qihong answered the phone, his face turned solemn after a moment, and just as he was about to leave the office, the phone rang again.
After careful consideration, Luo Qihong came to Sun Hung Kai Securities Company to meet with Bai Jinyan.
"What's going on? Do you know what triggered Sun Hung Kai Properties' nervousness?" Luo Qihong asked in a deep voice.
Bai Jinyan immediately replied, "I don't know, but I am sure it was not caused by our secret purchase. Sun Hung Kai Properties has always known about our existence, and there is a high probability that it will not suddenly explode. The proportion of their acquisitions should be around 20%, which is not the case with Lei Lei." There are many families.”
The secret purchase is to shorten the gap and gain an advantage in shareholding ratio. It is certainly not the goal of Sun Hung Kai Properties.
"You mean the Lei family discovered something and took private emergency measures, alarming Sun Hung Kai Properties? How many shares have we acquired?" Luo Qihong knew that there was little benefit in continuing to investigate the cause at this time. Yes, what needs to be done now is how to deal with this emergency.
“814,000 shares consumed 4.07 million yuan of funds, and there is still an account balance of 930,000 yuan.” Bai Jinyan reported.
“What’s the current stock price?” Luo Qihong continued to ask.
"It has risen to 5.3 yuan just now, and it should be more than this price now." Bai Jinyan said.
Luo Qihong touched his chin and thought deeply about these things, "Are there any signs of the Lei family's fate in the stock market?"
Bai Jinyan shook his head slightly, "No, only Sun Hung Kai Properties for the time being. The company is acquiring a large number of scattered shares. "
930,000 yuan cannot sustain the acquisition for a long time, but without entering the bidding, it is difficult for the stock price to rise significantly, and it may also be acquired by Sun Hung Kai Properties. The proportion of scattered shares to the target.
"Immediately place a high-price purchase order and acquire small shares. The purpose is to raise the stock price, as much as it can be raised." Luo Qihong said with a helpless order.
Bai Jinyan reminded, "930,000 yuan won't last long. Do you have other funds to inject?"
Luo Qihong shook his head, "There are no other funds, only these 930,000 yuan. How to operate it depends on your ability. If you can’t do it, I can do it.”
Although Luo Qihong is not as professional as Bai Jinyan, he has some memories from his previous life and thinks he will gain some unexpected benefits.
Of course Bai Jinyan will not admit defeat, otherwise, how will she gain a foothold in Sun Hung Kai Securities if word gets out, "I'll do it."
(End of this chapter)