Chapter 122 122 [Dividend matters have changed]
“Gentlemen, let us welcome the new member of the board of directors, Mr. Luo Qihong, the chairman of Paramount Restaurant Company. Mr. Luo Qihong has resigned from the original director Mr. Li Fushu All the shares were acquired there, accounting for 5%," John Madden introduced Luo Qihong with a smile.
"Luo Sheng is really as young as the rumors. Luo Sheng has had two very good cooperations with Cheung Kong Industrial Company. The most recent one is the AXA Center Building in Wan Chai." Li Jiacheng looked at Luo Qihong warmly and praised him. A few words.
Li Mingze smiled and nodded without saying too much, maybe because he was a Chinese.
"Gentlemen, let's start today's topic." John Madden felt that it was almost done. "The Taikoo Shing project in the east of Hong Kong Island is nearing completion. The company has spent 32.7 million yuan on this project. , it is expected that 4 million yuan of funds will be needed by the end.”
"The company still has 30 million yuan in funds on its account, which is the profit in the first half of this year. What do you think should be done with this funds?"
When Luo Qihong arrived at the beginning, of course he had to abide by the rules and wait for his boss. The directors spoke first.
"Chairman John, I suggest you just distribute the dividends. This fund will not be of much use in the company's accounts." Li Mingze saw that Li Jiacheng had no intention of responding, so he spoke.
"I agree with Lisheng's suggestion." Li Jiacheng agreed. The 30 million allocated to Hutchison Whampoa only had a few million, so of course he was not interested.
“I agree too.” Luo Qihong said.
Kou Cha, chairman of Junyicang Group, also followed Li Jiacheng's footsteps and expressed his agreement.
So, the board of directors unanimously approved the dividend resolution.
Actually, the purpose of Luo Qihong's coming here is to expand his social circle and prepare for the acquisition of Towngas Company.
Today Wheelock Company still focuses on shipping. John Madden also believes that ships are assets that can be mobilized at any time. In addition, the current shipping industry is still profitable, so he has increased his investment in ships. investment.
The International Building and Federal Building owned by Wheelock Company were previously sold under this situation, and the funds recovered have been invested in large-scale projects to acquire ships.
John Madden not only purchased second-hand ships, but also ordered a large number of new ships from Japan and other countries, worth nearly 1 billion yuan. Moreover, the funds withdrawn from the International and Federal Buildings have long been squandered, and now a large amount of funds are urgently needed.
Luo Qihong wanted to wait until the sale of Paramount Company, and the funds returned would be used to acquire all the shares of Towngas Company held by Wheelock Company, so that he could control Towngas Company.
According to his plan, it is best to hold more than 35% of the shares, because the initiative to trigger a comprehensive acquisition of 35% of the shares will be promulgated in 1982.
Tuesday, August 18th
Wan Chai AXA Center Building has been completely sold. After deducting the remaining balance to be paid to Cheung Kong Industrial Company and Guang Sang Hong Company, Paramount Company has withdrawn 6,000 yuan. 8 million yuan, including a profit of 37.5 million yuan, with an average profit of 1.5 million yuan per floor.
"Boss, I have already contacted Zhu Baiqi from Baiqi Real Estate Company. We now have three opponents, two local real estate companies and speculators from Malaysia. The highest price offered by them is currently 141 million yuan, a premium of hundreds of millions. Six points." Kang Wenyi reported, his eyes a little wandering.
This highest price has exceeded Luo Qihong's expectations. His target price is 140 million yuan, and now he may have to pay a higher price.
Luo Qihong sighed secretly and said, "Quote 143 million yuan to Baiqi Real Estate Company and see the other party's reaction."
Today, Paramount Company has 75,000 yuan in its account. million, if it can use the 70% mortgage loan of Wei Kee Building, Paramount Company will still need to pay at least 43 million yuan, and it will need to pay interest of 840,000 yuan per month.
So, there are only 32 million yuan left in the book, and the Century Tower project requires 95 million yuan in start-up capital, and 63 million yuan is still owed.
Even if the private sector invests the 63 million yuan, only one-third of Paramount's profits will be shared, which is somewhat behind the expected profits. "Yes!" Kang Wenyi asked hesitantly, "Boss, I heard that you have reached an agreement with Chinese Real Estate Company and are preparing to sell Paramount Company to Chinese Real Estate Company before the end of the year. Many colleagues asked me to ask the truth of the matter. "
Luo Qihong was not surprised. There is no airtight wall in the world. The employees of Paramount Company knew these things sooner or later and nodded, "It's true! Are they very responsive? "Big?"
Kang Wenyi couldn't figure out Luo Qihong's mood at this time, so he said cautiously, "It's a little reaction, not big."
"What do you think?" asked with a smile.
At present, we still need to pay attention to the emotions of the staff. If necessary, he can come forward to comfort them.
After Kang Wenyi thought about it carefully, he replied, "I don't think there is anything to worry about. Regardless of the boss, we all have the same job. But boss, you still have to talk to the Chinese Real Estate Company. Don't lay off employees after they take over the company."
"I have already discussed this type of issue with the Chinese Real Estate Company, and they have agreed. I have been too busy recently and forgot to explain it to you. Now you know. Talk to all your colleagues, and the company can also make an announcement," Luo Qihong said calmly.
"Okay, I will do it." Kang Wenyi was still hesitant to speak.
Luo Qihong noticed it and said, "Manager Kang, if you have anything to say, just tell me directly. There is no need to be secretive."
Kang Wenyi organized his speech and said, "After Paramount Company is sold, can the boss bring me to the new company?"
Luo Qihong was slightly startled, "Why do you want to follow me? You stay at Paramount Company?" The future will be brighter.”
Kang Wenyi explained honestly, “Boss, because of your outstanding ability, vision, and skills, I think you can create greater achievements in the future. I hope I can take the opportunity to stand out, and also You don’t want to be a small manager at Paramount Company.”
Luo Qihong pursed his lips and smiled and said, “You do have great ambitions. Although I don’t have many talents on hand, I would rather lack them than overwhelm them. Loyalty and ability must be completely passed, otherwise why would I want you?"
Kang Wenyi was not embarrassed at all. He knew that Luo Qihong was telling the truth and told him the plan he had prepared in advance. "Boss, I am. I can help the company acquire the Weiji Building for NT$145 million as my investment certificate.”
Luo Qihong found it very interesting and said with a smile, "Okay, I'll give you a week. I want Zhu Baiqi to sign a contract with Paramount Company within a week, and the down payment is only 20%, and the remaining 80% will be paid within 3 months."
"I understand! Don't worry, boss, I will help the company successfully acquire Weiji Building." Kang Wenyi said decisively.
"I'm waiting for your good news." Luo Qihong said with a slight smile. If it really doesn't work, it would just be more troublesome to find another Central commercial building.
Not long after, Su Qishan entered the office and reported to Luo Qihong that "Hua Xia Bank acquired the Murray Road parking lot in Central from the Hong Kong government for NT$1 billion." There was a hint of excitement in his voice.
The land adjustment signal at this moment is confirmed and is inevitable.
Therefore, Luo Qihong began to think about whether he could overturn the bidding plan for Century Building that he had thought up a few days ago. After all, he did not take the land adjustment into consideration at the time.
Once this signal comes out, it is likely to affect the confidence of major financial groups in the Century Tower bidding project, and the previous plan should be revised.
In fact, Luo Qihong was very worried about the current situation of his companies. Coupled with the huge risk of the Century Tower bidding project, he came up with the idea of "picking out the leaks".
(End of this chapter)