Chapter 85 085 [Two Commercial Buildings in Sheung Wan] (Please collect and read)
It took Luo Qihong less than a year to rise. Even though he has a net worth of tens of millions, he still cannot conceal this moment. The shortcoming is that he has no foundation. Even if Luo Qihong can acquire large companies, he does not have enough talents to support it.
At this time, Zhaoan Real Estate Company can still allow Luo Qihong to be more willful. If the company's scale were larger, Luo Qihong would have to compromise, otherwise the company would have various problems.
So, Luo Qihong knew very well that he would not only make money, but also cultivate his own talent base and lay a solid foundation for an important part of the plan.
He doesn't know how many of the people in front of him can really be cultivated as confidants, maybe none.
This group of people didn't stay long, they all showed their faces and left the office.
The next morning, the famous newsprint published the news of 'Paramount Restaurant Company's acquisition of Zhao'an Real Estate Company' in small sections. The stock price began to rise. Although it was not as good as those famous large companies, it The share price of Paramount Restaurant Company rose smoothly to 0.87 yuan, and its market value became 75.69 million yuan.
At the same time, Luo Qihong bribed several critics and asked them to build more momentum for Paramount Company.
On the third day, Luo Qihong sold the 50% interest in the Ludao Building in Wan Chai acquired by Paramount Company to Siu On Real Estate Company. The sale price was 38.4 million yuan, leaving Paramount Company only a few He made 6.4 million yuan in one day, and the 22.5 million yuan loan from Paramount Company was successfully transferred to Zhaoan Real Estate Company.
The emergence of this good news caused quite a stir in the market. Although this was a 'left hand giving money to the right hand' transaction, it could not conceal the fact that Paramount Company made a profit of 6.4 million yuan. fact.
As a result, Paramount's stock price rose to 1.1 yuan, with a market value of more than 95 million yuan, one step closer to a market value of 100 million yuan.
Under this situation, the cash flow on Paramount Company’s account exceeded 35 million yuan (the loan contract was transferred, and the loan funds were still on Paramount Company’s account), but Luo Qihong was not in a hurry to give it to Zhaoan Real Estate Company Instead, he used the money to acquire a first-floor property in the Nanyang Center shopping mall in eastern Tsim Sha Tsui from Sino Land.
This good news did not bring a big rise in the stock price of Paramount Company, but it also rose to 1.3 yuan per share. The market value successfully crossed the threshold of 100 million yuan, becoming a relatively high-quality small-scale company. Real estate company.
Luo Qihong leaned back comfortably in his chair. His pressure was greatly relieved now, and Paramount Company's debt ratio dropped to 12%.
This debt ratio is lower than that of a stable real estate company like New World Development Company. However, Paramount Company does not have many high-quality properties to support this market value for the time being. Luo Qihong is thinking about how to use loans to bring the ring of Shifeng Building for acquisition.
"Just wait, Paramount will be better off when Henderson Real Estate's stock investment funds come back." Luo Qihong closed his eyes and murmured to himself.
Giggle! !
There was a rapid knock on the door, followed by footsteps.
Before Luo Qihong could see the person clearly, his voice came over, "Boss, Shifeng Building requires you to negotiate in person, otherwise they will sell it in layers."
The person who came was none other than Su Qishan, the manager of the information integration department. His face was covered with sweat and he looked a little impatient.
"Their asking price is still 70 million, no price increase?" Luo Qihong paused and asked.
Su Qishan shook his head, "The price has gone up. They asked for 72 million yuan and asked to pay it all within 2 months without charging any interest."
The newly built commercial building It is better than the Wan Chai commercial buildings in some years, and the area is also much larger.
Luo Qihong thought for a while. Although Paramount Company does not have so much funds for the time being, it can take out a loan first and then use the rent to repay the interest. "Okay, I agreed. But we have to talk to the owner. We Pay a down payment of 10% first, and the remaining 90% can be paid within one month."
Su Qishan was slightly startled and had some guesses about Luo Qihong's plan, but he was not sure which one it was.
"Okay! Then I'll contact the owner first. You still need to discuss the details in person." Luo Qihong waved his hand awkwardly and asked Su Qishan to go out to work.
If we successfully acquire the entire Shifeng Building, the market value of Paramount Company will definitely rise to 200 million yuan, achieving a qualitative leap.
Zamas Cafe in Central
This is a cafe popular with white-collar workers in Central. It was during working hours and there were only a few scattered customers.
Sitting opposite Luo Qihong is Zhao Shizeng, a well-dressed old handsome guy and the son of Zhao Congyan, one of the five major shipping kings in Hong Kong. He is now 45 years old and the helmsman of Zhao Congyan's family business Huaguang Real Estate Company.
Shifeng Building was developed by Huaguang Real Estate Company. Since the amount involved was not small, Zhao Shizeng had no choice but to take action personally.
This Mr. Zhao is a second-generation rich man who likes to linger among beautiful women. In his previous life, he was known to have had more than 10,000 girls.
"Haha!! I didn't expect Luo Sheng to be so young. Xiangjiang is indeed a blessed land with talented people." Zhao Shizeng is a playboy, but his ability is unquestionable. He has lived in a wealthy family since he was a child. , the communication skills are not bad either.
"Zhao Sheng deserves the prize! Times make heroes. I just followed the development of the times and made a little money." Luo Qihong said modestly.
Zhao Shizeng had naturally seen Luo Qihong's information before coming here. In just one year, he started from scratch and owned two listed companies. This was not a figure promoted by the current situation.
"Luo Sheng is so humble." Zhao Shizeng started to get to the point, "Let's get started. My subordinates told me that Paramount Company has no objection to the selling price of Shifeng Building for 72 million yuan, but we at Huaguang The real estate company has objections to the 10% down payment proposed by Paramount Company, and we hope to increase it to 20%.”
Luo Qihong readily agreed, “No problem! 20% is achieved.”
"Luo Sheng is a capable person. I am not worried about the subsequent balance payment. In fact, Huaguang Real Estate also has a commercial building in Sheung Wan that is about to be sold. I wonder if Luo Sheng is interested?" Zhao Shizeng smiled lightly.
Luo Qihong glanced at Zhao Shizeng and began to think about it. He remembered that at this time, Huaguang Shipping Company (the shipping flagship company of the Zhao Congyan family) was affected by the negotiation situation between the two places. The head, Zhao Congyan, believed that the ship could be transported at any time. If you transfer him, you don't have to worry about the bad situation affecting the Zhao family's assets.
Moreover, Zhao Congyan judged that shipping would not really enter a period of recession and would begin to return to the state of the late 1970s after 1985. At this time, Huaguang Shipping was aggressively expanding its shipping business, so it was eager to sell off the properties of its Huaguang Real Estate Company to cash out. in the shipping industry.
Luo Qihong also knows that it is impossible to suppress the price of commercial buildings because Huaguang Real Estate has a big business and is not short of funds for the time being.
"Interested! Which commercial building is Zhao Sheng talking about? Do you have any information?" Luo Qihong really didn't know which building it was.
Zhao Shizeng was prepared, took out a document from his briefcase, handed it to Luo Qihong, and said, "It's the Warwick Building at No. 84 Suhang Street, Sheung Wan, with a floor area of 206,000 square feet. It's larger than Shifeng The building is 3 floors lower. Because the location is not very good, the company is asking for 45 million.”
Luo Qihong looked through the documents carefully and thought about it, and felt that the price was still negotiable. The location on Suhang Street at this time was really good. It’s not very good, “How about 41 million?”
Zhao Shizeng said with a smile, "Luo Sheng's bargaining price is a bit harsh. I don't want to waste anything. Let's add 1 million for a total price of 42 million. This price is already very affordable."
"Okay! Deal in the same way. "Okay." Seeing Zhao Shizeng nodding, Luo Qihong said, "We will trade after the Warwick Building is officially completed. I also want some time to prepare funds."
"Well! If Luo Sheng said direct transaction, I would. I'm a little scared, what's the market value of Paramount Company?" Zhao Shizeng said with a smile.
(End of this chapter)