Chapter 115 115 [Temporarily achieve financial freedom]
Zheng Fan took a peek at Luo Qihong. He was eager to sell the Southeast Tanglou. If he missed Luo Qihong, he didn’t know when there would be a buyer, so he sighed secretly. "Okay, then 16 million."
"Let's sign the contract first. I will pay the money in one lump sum, but it will take a few days. Can Zheng Sheng accept it?" Luo Qihong's stock market investment funds have not yet been It will take some time to sell back.
Zheng Fan knew some of Luo Qihong’s background. He shouldn’t default on the debt for a mere 16 million, so he nodded and said, “Okay! Let’s sign the contract first.”
This Southeast Tanglou 1 The first floor is a parking lot with about 34 parking spaces. The 2-3 floors are shopping malls and shops with an area of 11,000 square feet. The remaining floors are office rooms.
According to Luo Qihong's expectation, after the renovation of this commercial building is completed, it can be sold at a good price, with a profit of about 5 million yuan.
If you encounter a merger, you can earn more.
After signing the contract, when he was about to break up and leave, Zheng Fan looked very hesitant and suddenly said, "Luo Sheng, I have a Lee Fat Building at 36 Bute Street, Mong Kok. It is also 15 floors, but the area is It’s bigger, with a floor area of 91,000 square feet. Is Luo Sheng interested?”
Luo Qihong thought for a while, and Zheng Fan’s words at this moment were a bit like fishing in troubled waters. First, there was no detailed information. , Secondly, Yang Mingkun, a professional house watcher, has left.
"Okay, let's go take a look." Luo Qihong glanced at Li Jiafeng beside him and said with a smile.
So, the three of them came to Bute Street in Mong Kok.
The crowd flow in Mong Kok is better than that in Tsim Sha Tsui, but the crowd target is different, more towards the general public.
The exterior of Lifa Building feels much better than Southeast Tenement House. Inside, there are a 2-story parking lot, a 3-story shopping mall, and 10-story offices, and the vacancy rate is lower.
"Sheng Zheng, the situation of Lifa Building is much better than that of Southeast Tenement House. You can completely rely on the rent to make a living. Why are you so anxious to sell it?" Luo Qihong asked in confusion.
In Luo Qihong’s view, the profit of this Lifa Building is not as good as that of the Southeast Tenement Building. Because it is not old enough, the price is difficult to keep down and the profit margin is not large.
Zheng Fan hesitated for a moment and felt that it was impossible to hide it, so he might as well confess, "The main reason is that there is a problem with my capital chain and I urgently need funds to make up for the losses. If Luo Sheng is interested, I can sell it cheaper for 25 million." "Give it to you."
Zheng Fan's confession surprised Luo Qihong. Isn't Zheng Fan afraid that he would take the opportunity to lower the price?
Luo Qihong thought about it and didn't seem to be afraid, because Lifa Building is a good commercial building with great potential for appreciation, so he doesn't have to worry about selling it. Moreover, Zheng Fan has already lowered the price, which makes it attractive.
"Zheng Sheng is very happy, but I need to know more about it. I will give you the news within three days." Luo Qihong still kept an eye on it. Who knows if there is really no problem with Lifa Building?
Of course, Zheng Fan can find another buyer, but Luo Qihong doesn't have to.
Zheng Fan nodded awkwardly, "Okay, I'll wait for Luo Sheng for three days."
Watching Zheng Fan leave, Li Jiafeng said, "Why is Zheng Fan so happy? Is there something fishy about Lifa Building?"< br>
Luo Qihong smiled and said, "You will know after you check it out. In fact, I am not very willing to get the Lifa Building. An old-style commercial building like the Southeast Tang Building is more suitable."
Li Jiafeng He pursed his lips and smiled and said, "Does the boss think that Lifa Building can't make much money?"
"Well, not many commercial buildings in Kowloon City can maintain their value. Now is the peak period of real estate. Holding profit It is clear that Fa Mansion will suffer losses." Luo Qihong was already preparing for the big crash in 1982.
"Preserving value?! Aren't properties currently on the rise? As long as you keep them in your hands for a while, you should be able to make money." Li Jiafeng asked in confusion.
"You can guarantee that it will keep rising. Don't forget that the price of industrial land has dropped a little. Who could have guessed it at the beginning? With such lessons learned, of course I have to make some preparations." Luo Qihong casually fooled Li Jiafeng , anyway, this guy can’t see through it yet.
Li Jiafeng thought for a while and felt that it made sense. He nodded, "Yes, be prepared." "I'll give you a task to find out the detailed information of Lifa Building." Luo Qihong still believed in Li Jiafeng, However, he will also learn about Lifa Building through multiple channels. After all, it is a 25 million transaction.
Three days later, Li Jiafeng handed the information report about Lifa Building to Luo Qihong, and the Paramount Company's investigation report was also submitted to Luo Qihong's desk.
The information recorded in the two reports is similar. No bad news has been found about Lifa Building for the time being, and Zheng Fan did lose a lot of money in real estate, stock investment, gold speculation, etc.
In fact, Zheng Fan had already released the news of the sale of Lifa Building earlier. As usual, his colleagues wanted to get rid of the wool and tried their best to lower the price. The highest bid was 90% of the market price.
You must know that the current commercial building market is very good. It is already cheap without a premium, let alone a 'lower price'.
So, Luo Qihong called Zheng Fan and informed Zheng Fan that he was willing to take over the Lifa Building for 25 million.
Luo Qihong’s thoughts: Mosquitoes and flies are all meat, which is a good thing for Paramount Company.
Just after hanging up the phone, the ringing rang again.
"Well, come in!" Luo Qihong said with a smile, "Sister Jinyan, what's going on? Is the stock sale finished?"
"The Land Company has officially announced that it will acquire from the Connor family After reaching 12% of the equity, the shares were successfully increased to 44.3%, becoming the largest shareholder of Xiangjiang Electric Light Company. "
"The stock price has begun to decline, and 17.4 million shares of electric light stocks held by Zhao'an Real Estate Company have been sold. There are 15.1 million shares, and there are 2.3 million shares left. There are many scattered stocks in the stock market, and it may be difficult to sell them at high prices." Bai Jinyan's anxious voice came from the receiver.
Luo Qihong's face was not very good-looking. Zhao'an Real Estate Company made money from the acquisition of the electric lighting company, and the remaining 2.3 million shares were unlikely to suffer losses. At worst, they could recover their capital.
"Sell it slowly and try not to lose money." Luo Qihong sighed.
“The average selling price of 15.1 million shares was 7.7 yuan. After deducting leverage and other expenses, 64.9446 million yuan of funds were withdrawn, with a return rate of more than 100%.”
“Transfer all withdrawn funds to the bank account of Zhao'an Real Estate Company. "Luo Qihong will use this money to pay for part of the Anyuan Building. "After the remaining stock sales are completed, you can help me buy new shares of Hysan Industrial Company."
< br>"Okay! I will try my best to help you get more new shares of Hysan Industrial Company." Bai Jinyan said.
Luo Qihong sat on a chair, quietly thinking about private funds and the financial situation of the two listed companies.
Private investment recovered NT$167.5 million from the acquisition of Heung Kong Electric Lighting Company, of which NT$11 million was principal, with a return rate of over 1,400%.
This number made Luo Qihong very excited and excited.
Luo Qihong immediately asked Zhang Taotao to transfer 150 million to his private bank account, and the remaining 17.5 million was reserved for subscribing and acquiring new shares of Hysan Industrial Company.
In turn, he called Liang Botao and asked him to repay the 43 million yuan he owed to Paramount Company, leaving only 107 million yuan in his personal account.
The 43 million yuan had not yet stayed in Paramount Company's account, and Luo Qihong was asked to pay it to Zheng Fan. As a result, Paramount Company's assets increased by 2 more buildings in Kowloon City. of commercial buildings.
This news naturally needs to be publicized in order to increase Paramount's stock price.
As for Paramount Company’s acquisition of Wan Chai commercial buildings, it needs to be postponed until the two commercial buildings are sold.
(End of this chapter)