Chapter 128 128 [Entering Hongpu Chemical]
At first, investors were still not confident enough, and the stock price did not fluctuate, stabilizing at 1 cent.
Parlem Company holds 62% of the equity of Hongpu Chemical Company and spent 5.5 million yuan, completely consuming all the funds on its account.
Seeing this, Luo Qihong immediately ordered his staff to sell the Homantin residential tenement building acquired from Pakki Real Estate Company to Hehong Real Estate Company, and immediately transferred 3.5 million yuan from his personal account to Paramount Company on the account.
Originally, it was planned to sell the Ho Man Tin residential tenement building to Siu On Real Estate Company. However, Siu On Real Estate Company is currently short of funds and has a debt of more than 100 million yuan. It is difficult to allocate funds to acquire a value of 9 million yuan. residential tenement house.
Luo Qihong first let Hehong Real Estate Company take over, and then resold it to Zhaoan Real Estate Company after the situation of Zhaoan Real Estate Company improved. This would be beneficial to both parties.
Faced with Hongpu Chemical Company’s stock price not fluctuating, Luo Qihong can only continue to publish good news. For example, HSBC and Bank of East Asia are willing to treat 50% of the loans as bad debts, and Hongpu Chemical Company only needs to pay 10% of the principal amount.
At the same time, Luo Qihong announced that Hongpu Chemical Company has prepared to issue 100 million new shares to HSBC and Paramount Company at a price of 0.1 yuan per share, of which Paramount Company holds 80 million shares. In the new shares, HSBC holds 20 million shares and raises 10 million yuan to solve the company's debt problem.
Hongpu Chemical Company Board of Directors Meeting
Luo Qihong sat in the first seat, looked at the ten directors in front of him, and said seriously, "At present, the situation of Hongpu Chemical is very bad. Although HSBC and Bank of East Asia have significantly reduced the company's debt, but the company still has a big problem in repaying interest. Do you have any suggestions to solve the company's debt problem as soon as possible? ”
The directors in suits and ties looked at each other. At present, there seemed to be no other effective way except selling some properties to raise funds to repay debts.
Some of these directors are small shareholders and some are company executives. It is impossible for them to throw money into the company. After all, Hongpu Chemical is already half-dead and they are skeptical about whether Luo Qihong can reorganize the company.
“Since you all have no choice, then do what I announced to the outside world first, settle some of the company’s debts, and then clean up some properties, and strive to clear the 20 million yuan debt within a month. The debt ratio dropped to 32%." Luo Qihong glanced at the directors and continued, "While cleaning up the company's assets, I found that the company still has a batch of patents available. I plan to sell or license these patents to Southeast Asian countries to obtain them. Do you have any opinions?”
The middle-aged director with a slicked back hair asked, “If we sell these patents, what will happen to our peers? , coupled with their counterparts in Southeast Asia, they may rely on low labor prices to seize our market. I think this is drinking poison to quench thirst."
Luo Qihong refuted expressionlessly, "Hongpu Chemical Company has reached this point. , is there a future? You can at least survive for a while by drinking poison to quench your thirst. If you don’t drink it, you will be unable to survive. If you have any good suggestions, I don’t agree with it.”
Director Big Beitou stopped talking. He originally wanted to embarrass Luo Qihong, but now that he has fallen into the trap, it is really difficult to object anymore.
"Since everyone has no objection, I will let people release the news." Luo Qihong glanced at Director Da Beitou and said, "Everyone is well aware of the company's situation. Many of you here are shareholders. If you want If you want to withdraw capital, I can acquire your equity at the market price of 1 cent per share.”
In fact, none of the shareholders here hold more than 16% of the shares, and Luo Qihong, who has absolute control, can completely sell them. Clear out the board of directors and make the board of directors his world.
However, considering the issue of interests, I want to exclude those who are unconvinced and unwilling to believe him and acquire their shares to avoid making them money. It is better to make more myself.
Shareholders are all good people. Selling now will clearly show a loss. I believe Luo Qihong may be able to earn back some of his principal, but no one is willing to sell.
After the meeting, Luo Qihong held another company management meeting.
Controlling the board of directors is just a trivial matter. How to subdue these managers is the most important thing.
"Most of you are guessing my identity. I am the chairman and general manager of the company, and the company is now run by me." Luo Qihong looked around for a week and continued, "My name is Luo Qihong. As a company manager, I am somewhat familiar with the company’s situation.”
“Yes, the company’s operating situation is very bad, and it is not an exaggeration to say that it will go bankrupt, but I want to try hard and see. Can Hongpu Chemical be saved? If anyone has no hope for the company, he or she can resign and leave. The salary and compensation will not be less."
The current situation is naturally not suitable for talking about the company. When it comes to transformation, the most important thing is to stabilize the company first.
As soon as these words came out, many people began to stand up and express their desire to resign, asking whether they could really get enough salary and compensation.
"I keep my word, and I will definitely give you the money I deserve." Luo Qihong promised in public, "Those who want to resign can leave the conference room. Next is an important meeting of the company, and it is no longer convenient for you to attend. . ”
Luo Qihong wants to see how many people can be left. The company has stopped working now and does not really need so many managers.
Then nearly half of the people left the conference room one after another, among whom the highest-ranking person was the department manager.
Luo Qihong said to the remaining staff, "Okay, those who should leave have already left. Now those who stay are our own people, then our meeting will officially begin."
"There are a lot of raw materials in the company's warehouse. I have asked people to contact the suppliers and ask them to take away the raw materials to pay off the debt. However, there are also a lot of backlog of finished products in the warehouse. I need you to clear these finished products in the shortest possible time. The only requirement is not to lose money. Can it be done?"
No one of the remaining 12 employees dared to respond to Luo Qihong, fearing that he would be the first to be taken out as a model if he failed to complete the task.
Luo Qihong guessed their scruples, so he smiled and said, "It's no problem if you can't sell it. This is the company's additional income. If you sell it, I can give you a 3-point commission."< br>
When it came to the commission, the eyes of these employees began to light up, and they all expressed their willingness to give it a try.
“Also, I know that some of you know many of your colleagues. Now the company plans to sell industrial patents. Just like before, whoever can find a buyer and complete the transaction will receive a commission of 3 points. Luo Qihong said.
Some smart employees have become worried. Even the patents have been sold. Will the company not be able to continue?
Of course they didn’t dare to ask face to face because it would shake the company’s ‘military morale’.
Back in the office, Luo Qihong had just sat down when deputy general manager Lu Wenhe knocked on the door and came in.
Luo Qihong and Lu Wenhe had dealt with each other twice and were already somewhat familiar with each other, so he pointed to the chair and said, "Sit down, what do you want from me?"
"Luo Sheng!" Lu Wenhe hesitated. , said, "Then I asked directly, do you want to sell the chemical plant?"
Luo Qihong took a sip of water and said, "Vice President Lu, I am just a real estate developer and know nothing about the chemical industry, so I want to ask you, do you think the chemical plant can be saved? If so, how can it be saved?"
Lu Wenhe was speechless when asked this question, but he still wanted to take into account the interests of the workers. "If the chemical plant is sold, many workers will lose their jobs."
Luo Qihong laughed angrily "Hongpu The chemical industry is on the verge of bankruptcy. Can they keep their jobs if the company goes bankrupt? Vice President Lu, I am not a philanthropist and I am not here to spend money to save you."
Luo Qihong knew that once HSBC files for bankruptcy in the court. If he succeeds, everyone will face unemployment. Now he can save some employees, but now he is required to keep everyone's jobs. This is really funny.
Lu Wenhe wanted to continue to say something, but Luo Qihong interrupted with a wave of his hand, "Why didn't Vice President Lu stop him when the company took money and ran away? Now I will spend money to take over the mess and give adequate wages to the employees who resigned. Compensation is all I can do. I will not and cannot save everyone’s jobs. If Vice President Lu wants to be Jesus and save everyone, you can work in a charity association.”
"Luo Sheng, you misunderstood me. I just want you to try your best to save the jobs of some employees." Lu Wenhe quickly explained.
"You don't need to remind me about this matter. I will do it if I can be a good person." Luo Qihong continued, "I think what Vice President Lu needs to do now is how to sell the backlog of goods to those who are about to leave. "Yes!" Lu Wenhe left.
Luo Qihong's expression suddenly turned bad. How long have you been pretending to be a good person here? If he was really a good person, he would have already found a way to help the company instead of letting the bank file for bankruptcy. .
If Luo Qihong hadn't still needed this person to maintain the current Hongpu Chemical Company, he would have been fired long ago.
Returning to Paramount Company, Luo Qihong immediately summoned Kang Wenyi and asked him to help Hongpu Chemical Company sell those properties that had been unblocked and withdraw funds as soon as possible.
September 11, Friday
Paramount Company, Sun Hung Kai Properties, Sino Properties and other real estate companies submitted bids for Century Tower to Land. By 4 o'clock in the afternoon, Land Company CEO Bao Fuda announced the bidding results.
Sun Hung Kai Properties won the bid for the Century Tower project with a premium of 30%, NT$500 million, while Paramount Company’s proposal was a premium of 20%, with a price tag of NT$460 million, ranking behind Sino Properties. third.
Luo Qihong took advantage of the opportunity, bought a newspaper agency, and used the results announced by Land Company to promote Paramount Company.
As soon as the report came out the next day, Paramount's stock price began to rise slightly, and the market value was vaguely likely to exceed 630 million yuan.
Monday, September 14
Hysan Industrial Co., Ltd. was listed on the exchange. In the first hour of the opening of the market, the stock price rose from 2 yuan to 2.7 yuan, an increase of more than 35%. The rise is quite gratifying.
Luo Qihong was sitting in the reception room of Sun Hung Kai Properties, waiting for news from Bai Jinyan. He wanted to snap up the new shares sold by Hysan Industrial Company.
It was not until 10:30 that Bai Jinyan appeared in the reception room, "Paragon Company already holds 1.12 million shares of Hysan Industrial Company, spending 2.576 million yuan. Do you need to continue to snap up? ?”
Luo Qihong thought for a while and responded, "Keep buying. If the stock price rises to 3.5 yuan, you can stop."
"Okay!" Bai Jinyan nodded, "According to the judgment of industry experts, Hysan The stock price of Industrial Company can rise to 6-7 yuan. In fact, according to the asset value of Hysan Industrial Company, there is no problem for the stock price to rise to 12 yuan. However, the Lee family has always kept a low profile and may not allow the stock price to rise too high. "< br>
The Li Hysan family is powerful, but extremely low-key. This is because of the disgraceful history of their fortune at the beginning of the century, and they are worried that people who want to mention these things will affect the family's status in Hong Kong.
If it weren’t for the fact that the Leigh Hysan family had a large amount of land in Causeway Bay that needed to be developed, and Hysan Industrial Company had insufficient funds, I am afraid it would not have gone public to make money.
Luo Qihong nodded slightly, "I have heard about the Lee family's style of doing things. It is enough for the stock price to rise to 6 or 7 yuan."
"Let's talk about something private?" Seeing Luo Qihong nodding in agreement, Bai Jinyan said awkwardly, "Aunt Lin asked me to have dinner at Ulsan Garden in a few days."
Hearing this, Luo Qihong immediately had a grimace on his face. , Lin Ya still didn't give up. Fortunately, Bai Jinyan told him, otherwise it would be embarrassing.
"Should I find a reason to shirk it when the time comes?" Bai Jinyan asked tentatively.
In fact, Bai Jinyan is very optimistic about Luo Qihong. She knows that whether it is Paramount Company or Zhaoan Real Estate Company, she has only been exposed to a corner of them. The most important thing is Luo Qihong's personal ability. He started from nothing in one year and is now worth more than 400 million yuan.
If she can enter the Luo family, she, Bai Jinyan, will be able to join the upper class society in Hong Kong. Even the Bai family can cross several classes and become a wealthy family in Hong Kong.
Bai Jinyan wanted to think about it, but he knew that Luo Qihong was the one who made the decision. As for Lin Ya, it was just a waste of work.
Luo Qihong smiled bitterly and said, "I can shirk it this time, I can shirk it next time, but what about next time? My mother can always find a chance. This doesn't have much effect, you might as well go ahead."
"Well, okay!" Bai Jinyan could tell that Luo Qihong didn't like her, but that wasn't important. What was important was whether she could sit in Mrs. Luo's position.
“I have already told my mother that we don’t have any feelings for each other, but as an old man, I always hope that the daughter-in-law I find knows everything about her. You can reveal some information to my mother, otherwise I am worried that it will hinder your search. Boyfriend." Luo Qihong said with a faint smile.
Bai Jinyan pursed his lips and nodded, his expression a little tangled, he didn't know what he was thinking.
Since the four engineering teams of Fengtu Construction Company all had business, Luo Qihong handed over the three newly acquired shopping mall decoration projects to outside companies.
The company I found was very reliable. In just 9 days, three shopping malls were decorated as planned, which surprised Luo Qihong.
The locations of the three shopping malls are good. As soon as the news was released, buyers came to buy them. These buyers were very sincere and agreed to buy them at a premium of 5% without further discussion.
Paramount Company made a profit of 2.38 million yuan from these three shopping malls at once, with a return rate of 31%, while the two shopping malls invested by Li Jiafeng made a profit of 673,200 yuan, with a return rate higher than 31%.
Paramount Company withdrew nearly 9 million yuan from three shopping malls, which temporarily made Paramount Company's funds abundant.
Therefore, Luo Qihong asked Liang Botao to complete the issuance of new shares as soon as possible. After all, the 8 million yuan needed for the new shares was already available.
Happy Teahouse in Tsim Sha Tsui
Li Jiafeng’s father, Li Yulong, invited Luo Qihong to have dinner at this teahouse and discuss some business projects.
For Li Jiafeng's sake, and because Luo Qihong still needed Li Jiafeng's help, he had no choice but to come as requested.
"Luo Sheng, I have heard of you for a long time!" Li Yulong stood up and shook hands with Luo Qihong, with a bright smile on his face.
Li Yulong has an average appearance, and he also has the shine of a middle-aged and elderly person, and his face is particularly rosy, which makes him look radiant.
"Hello, Li Sheng! Just call me Ah Hong." Luo Qihong chuckled. He was on good terms with Li Jiafeng and needed to lower his posture in front of Li Yulong.
"Okay." Li Yulong smiled and nodded, "The refreshments here are very good, Ah Hong will eat more later."
Luo Qihong smiled slightly, "Yeah!"
< br>Li Yulong began to thank Luo Qihong, saying that he was really happy to see Li Jiafeng so motivated. If it weren't for Luo Qihong, Li Jiafeng might still be lying at home eating and waiting to die.
Luo Qihong naturally responded modestly and praised Li Jiafeng by the way.
(End of this chapter)