Chapter 80 080 [There is a shortage of money everywhere]
"Yeah! That makes sense! Then I'll be quiet for a few days." Lin Luoqi agreed with Luo Qihong's analysis.
As Luo Qihong was thinking about it, another idea came to his mind, which was much more profitable than acquiring the Central office building on that floor. However, this idea was somewhat difficult to implement.
Of course, you still have to get the Central scriptorium on this floor.
The two chatted for a few more minutes before hanging up the phone.
Luo Qihong stared at the dark red desk tabletop and fell into deep thought. It was expected that Lin Luoxun would be kicked out of the management team of Gide Real Estate, but he was a little surprised to retain his identity as a director of the board of directors. This proved that Lin Zuhui still wanted to let his eldest son In charge of Gide Real Estate.
Therefore, it is still relatively difficult for Lin Luoqi to succeed Lin Luoxun. Now it seems that Lin Zuhui is more likely to hire a professional manager.
Can those shareholders and Xu Jiawen openly support Lin Luoqi in taking charge of Gide Real Estate? !
Luo Qihong shook his head and expelled this plan from his head. Not to mention whether Lin Luoqi dared or not, it was very likely that he would be exposed as the behind-the-scenes strategist. For the office on the first floor of the Central Commercial Building, it was really unnecessary.
He doesn’t want to be tough with Lin Zuhui, he just wants to grow up in a vulgar way and make money in a low-key manner.
As for Lin Luoqi, he can play by himself.
Soon, Luo Qihong settled the matter, stopped thinking about it, and began to focus on other things.
According to the previous plan, the next project of Dehe Real Estate Company is to speculate on commercial buildings in Wan Chai. Ludao Building, owned by Siu On Real Estate Company, is located at No. 138 Gloucester Road, Wan Chai, and it is the only one with Ludao Building. 50% of the equity, and the other 50% is in the hands of a company called Santai Industrial Co., Ltd.
So, Luo Qihong immediately came to Paramount Company and looked through the information collected by Su Qishan. One of them contained a relatively detailed record of Santai Industrial Company and its assets and properties.
Santai Industrial Company was founded in 1963. It initially worked in the textile and garment industry and earned a lot of profits and assets. Seeing that the industry was so prosperous, founder Li Yongzhi used it as capital to start a business in the 1970s. Entering the real estate industry in 2006, Santai Industrial Company was listed during the bull market of 1972. It is now a listed company operating real estate and garment manufacturing.
However, the market value of Santai Industrial Company is not high, and is higher than that of Siu On Real Estate. The current market value is 130 million yuan, and Ludao Building in Wan Chai is only one of its properties.
The information did not indicate whether Santai Industrial Company had the intention to sell 50% of the equity in Ludao Building, so Luo Qihong summoned Su Qishan.
"Go check the situation of Santai Industrial Company, the owner of Ludao Building in Wan Chai, and see if they have any plans to sell 50% of the interests in Ludao Building." Luo Qihong ordered.
Su Qishan came to look at the information and seemed to recall some useful information, "I remember that Santai Industrial Company is currently doing well, but their boss Li Yongzhi is very ambitious and wants to expand his strength. , to enter the field of medium-sized site development, so it requires a lot of funds, I guess we can talk to them.”
Su Qishan naturally misunderstood and thought that Paramount Company wanted to acquire it. He knew that Santai Industrial Company's 50% interest in Ludao Building in Wan Chai had made millions in profits last time, and he felt that Paramount Company had this strength.
Luo Qihong thought for a while and said, "Okay, help me ask Li Yongzhi to come out and have a chat. You have to explain your intention to them. If the other party has no intention of selling, we don't have to waste time."
"Yes, I understand!" Su Qishan nodded.
Luo Qihong’s plan is very clear. Dehe Real Estate Company will first buy 50% of the interest in Ludao Building, and then transfer it to Zhaoan Real Estate after acquiring Zhaoan Real Estate Company, allowing Zhaoan Real Estate to hold the entire building. Kashima Building in Wan Chai, and Dehe Real Estate Company took the opportunity to make a small fortune, and he himself could also recover some cost capital from this transaction.
Why not be acquired by Hehong Real Estate Company? Two words, no money!
Su Qishan did not leave the office immediately, but continued to report other matters, "Boss, the Nanyang Center shopping mall in Tsim Sha Tsui East, invested and developed by Sino Real Estate Company, is about to be put on sale. Is our Paramount Company involved in it?" "Many of the land in eastern Tsim Sha Tsui was acquired by the Hong Kong government through large-scale reclamation in the 1960s. It has now become a paradise for shopping malls and hotels. Sino Properties has acquired 8 pieces of land in this area and established a huge empire.
However, Sino Real Estate needs a lot of funds to expand its territory. For example, at the beginning of this year, it cooperated with Hong Kong Land Company to develop the land in Baibishan, Tai Tam Road, Hong Kong Island. It spent 1.308 billion yuan to purchase this land and prepare to build it. Villa style luxury residence.
Therefore, Sino Properties needs a lot of development funds and can only sell some non-core assets in Tsim Sha Tsui.
"Of course I have to participate." Luo Qihong read the documents submitted by Su Qishan and asked, "How much shopping mall area are you confident that you can help the company win?"
Su Qishan was a little excited. Said "One floor, a whole floor!"
"Okay, the first floor of Nanyang Center Mall will cost about 6 million. Try not to ask more than 7 million." Luo Qihong ordered.
“Understood!” Su Qishan responded.
Luo Qihong lit a cigarette, squinted his eyes and puffed out smoke. The acquisition projects of Sheung Wan Peak Building, the first floor of Nanyang Center Mall in Tsim Sha Tsui East, and Siu On Real Estate Company all require huge amounts of funds. Nanyang The first-floor property in the central shopping mall is easier to find. It is easier to raise money by scraping it together. Siu On Real Estate Company has already prepared the funds, leaving only the Sheung Wan Shi Feng Building.
"Even if you get half of the loan, you still need to pay close to 20 million in cash. Where can you find so much funds?" Luo Qihong couldn't help but frown and sigh.
When I returned to North Point after get off work, Luo Qihong had moved back home and had given up the rented house. However, Luo Qihong still didn’t want to live here. It was a bit cramped compared to the room in his previous life, and he had already made a lot of money now. Money should lead to better living conditions.
So Luo Qihong came up with the idea of buying a villa, at least living in a high-end residence in the mid-levels, so that he would have more motivation to fight.
He is not an entrepreneur of the older generation, working quietly like an old cow and letting the second generation of rich people enjoy themselves. He also wants to enjoy the fruits of his struggle, so that he can work harder.
"Have all the equipment in Kowloon Bay been moved here?" Luo Qihong took a sip of soup and looked at Luo Qixing and asked.
Lin Ya answered first, "We have all moved here. There is nothing else in Kowloon Bay."
Lin Ya and Luo Zegui are very happy. Their younger son has become prosperous and they are willing to support their older son. This home is both warm and harmonious, and has a lot of future.
Only Luo Zegui has some nostalgia for the plants and trees in Kowloon Bay. Lin Ya and Luo Qixing have wanted to move to North Point for a long time. They were unwilling before, and a large part of the reason was Zhang Wenqi.
Now Zhang Wenqi has found a better target and kicked Luo Qixing. Most of the family conflicts have disappeared in an instant, and the past harmony has been restored.
“The money I spent to buy the company and the house, Ah Xing will pay back to Ah Hong slowly in the future. Let’s do this, 10,000 yuan a month. The company’s income will be divided into two parts, and you two brothers will each have one share. ." Luo Zegui announced his decision directly, not in a discussion tone.
Luo Qihong smiled and said, "Okay, but the eldest brother still needs money for gifts, drinks and other expenses. I think this money can be paid back slowly, and I have already taken a share of the company's income, and I don't have any money." Let’s contribute to the company.”
“The company’s profits will be divided into three parts, one for you and each of our brothers. These profits will be treated as repayments.”
(End of this chapter)