Chapter 133 133 [For Sale]
A high-end restaurant in Causeway Bay
Xie Jiyuan, a member of the Landowners Association, sat solemnly, unmoved by the delicious dishes on the table.
"Luo Sheng, it was agreed upon that the market value would be 2 yuan per share and the market value would be 400 million yuan. Why would you issue new shares without authorization? Now if it is increased to 2 yuan per share, the market value would be 500 million yuan. And Hongpu Real Estate Company (The name has been changed successfully) It only has assets of 270 million, of which the market value is nearly 1 times higher," Xie Jiyuan said in a deep voice.
"The issuance of new shares is a private matter of Hongpu Real Estate Company. Does it need to be discussed with the assisting company? Mr. Xie may not be too strong." Luo Qihong sneered, "Don't forget who is the boss and who pays you wages. ? Instead of you paying me a salary!”
"." Xie Jiyuan frowned and wanted to refute but was speechless.
"I am not a 'rogue person', and I will definitely give you what I promise you, but I hope you can raise the stock price to 1.8 yuan for me, and the 10 million shares will be received immediately." Luo Qihong was also unwilling to let the landlord jump over the wall and affect his subsequent layout.
"Luo Sheng, the agreed 5% equity should be 12.5 million shares." Of course Xie Jiyuan wanted more.
Luo Qihong laughed and said, "What is the promise? It seems that you have not achieved the 2 yuan share price. Just now you were questioning me about the issuance of new shares, and now you want to ask for 2.5 million more new shares. Thank you. "Well, if we raise the stock price to 2 yuan, please Luo Sheng to fulfill his promise. If we don't raise the stock price to 2 yuan per share, then we only need 1,000 yuan." Ten thousand shares." Xie Jiyuan was very serious, his eyes full of expectation.
Luo Qihong stopped smiling and said, "I will only give you 3 days. If it does not rise to 2 yuan per share after 3 days, our cooperation will be over."
"I don't have that much time to wait. Your operation, and your operation made me a little disappointed. I thought you were professional, but... Huh!"
In fact, Xie Jiyuan has been following up on the Hongpu Real Estate Company alone. , the power he can muster is really limited, so the force he exerts is not as great as expected.
October 9, Friday
Hongpu Real Estate Company once again announced that it will spend NT$48 million to acquire Lok Fu Building at 201 Fa Yuen Street, Kowloon, adding NT$267,000 to the company. Square feet of rental area.
At this time, the assets of Hongpu Real Estate Company exceeded 310 million yuan, but the liabilities also exceeded 160 million yuan, with a debt ratio of 41%, which was quite different from the previous debt ratio of 14.8%.
Although it has a debt of NT$160 million, Paramount Company has also provided it with NT$50 million in fundraising funds. This is equivalent to getting a commercial building in Kowloon for free, and it is also an unexpected blessing. .
In fact, with a debt ratio of 41%, it is already a real estate company with relatively good operating conditions among the same type of real estate companies, and the properties it holds are all properties with great potential, such as Central Commercial Building, Wan Chai Commercial Building.
Xie Jiyuan worked very hard, but unfortunately the stock price of Hongpu Real Estate Company stopped at 1.9 yuan, making it difficult to make progress.
As a result, the Landowners Association only received 10 million shares of Hongpu Real Estate Company from Paramount Company, with a market value of 19 million yuan.
After Luo Qihong's three commercial building acquisitions, Hongpu Real Estate Company's asset value has reached a very good level. Therefore, many peers have come to inquire and want to acquire Hongpu Real Estate Company.
So, Li Yude hurriedly teamed up with Lin Luoqi to meet with Luo Qihong and planned to acquire Hongpu Real Estate.
In fact, before meeting with these two people, Paramount Company had sold 9.5 million shares on the stock market, withdrawing 17.69 million yuan of funds, barely recouping the previous costs.
Today, Paramount Company holds 48% of the shares of Hongpu Real Estate Company and still firmly controls Hongpu Real Estate Company.
“Ah Hong, Luo Qi and I have decided to jointly acquire Hongpu Real Estate Company. However, our current funds are only 140 million yuan. We can buy about 30% of the shares, but we hope to hold 44% of the shares. .”
"That means there is still 14% of the equity that needs some time to raise funds. Can you be accommodating?" Li Yude asked in a low profile.
"Of course there is no problem. Such a large amount of funds can be paid within a certain period of time according to the rules." Luo Qihong thought for a while and said with a smile, "You can complete the final payment before late December. That means you have 2 months to raise funds.”
“Ah Hong, you misunderstood me. The 14% equity transaction may not be paid until a year later, of course. We will definitely pay the profit," Li Yude said with twinkling eyes.
Luo Qihong frowned and pondered. Paramount Company still had more than 150 million yuan in debt, including 71.5 million yuan in Weiji Building.
The 140 million yuan paid by Li Yude and Lin Luoqi is enough to repay most of the liabilities of Paramount Company. According to the requirements of the bet, the liabilities of Paramount Company must be controlled within 60 million yuan. Within, then 140 million yuan can completely achieve the goal.
"Okay! You pay 140 million yuan first, and the remaining 14% equity will be repaid one year later, that is, before 1983, and the interest generated needs to be paid monthly." Luo Qihong said seriously.
Soon this amount will have nothing to do with him, but before it does, he will raise the stock price of Paramount Company and strive to obtain half of the 31% equity of Towngas Company.
“Ah Hong, we know that your company has strong operational capabilities. Although the current debt ratio of Hongpu Real Estate Company is not high, we still hope to continue to grow the company, reduce the debt ratio and acquire more properties. Assets, do you have any good suggestions?" Li Yude asked sincerely.
Actually, Li Yude was asking Luo Qihong how to make money and expand.
It seems that Li Yude is eager to expand or solve his debt problem.
"There is no good way at the moment. Your potential as individuals and as a company has been exhausted. If you do it forcefully, it will be very risky." Luo Qihong pursed his lips, "Maybe you can use it once. Raise the stock price, sell off part of the holdings, and then issue new shares through the board of directors."
"Such an operation can allow the company to absorb most of the benefits, and a small part of the profits can also flow into your pocket. It will also weaken your control over Hongpu Real Estate."
"Can we enhance the profitability of individuals and companies by acquiring companies that are not performing well and reorganizing their assets and then selling them?" Rocky asked. Good guy! I just want to learn some special skills!
Luo Qihong smiled slightly and looked at Lin Luoqi and Li Yude with deep eyes, "Do you want to imitate the rise of Hongpu Real Estate?"
Li Yude and Lin Luoqi nodded, their eyes filled with desire to learn.
“This is difficult. It’s not that the method is difficult to learn, but that it’s difficult to meet a target company like Hongpu Chemical Company. And in order to get through the bank, the bank must feel that the company is hopeless. If you don't, you can take the risk and let others save it and get back the benefits that belong to their bank," Luo Qihong explained.
“Or you may inject a large amount of funds and assets to forcibly revitalize the company, raise the stock price, and obtain profits from the stock market and buyers.”
“Then if we have sufficient How about time to manage?" Li Yude grasped the key point.
"Of course it is possible. Just pay off the debt through ordinary 'unwinding', and the amount of funds injected will be significantly reduced." Luo Qihong answered honestly.
"Ah Hong, I know that Paramount Company is about to be sold. Can Hongpu Real Estate and Zhaoan Real Estate Company cooperate? In this case, I think it will be a win-win situation." Li Yude pleaded.
What cooperation? This is obviously asking me to lead you. Luo Qihong thought to himself.
The situation of Zhaoan Real Estate Company is not very good. There are very few funds on the books, and most of the properties have mortgages.
According to Luo Qihong's plan, after selling Paramount Company, Zhaoan Real Estate Company needs to resolve the debt of more than 100 million. At the same time, he also needs to personally draw benefits from Zhaoan Real Estate Company to repay the acquisition of China Gas company loan.
"Okay! But I hope Zhaoan Real Estate Company can get some low-priced new shares issued by Hongpu Real Estate, about 5%. What do you two think?" Luo Qihong did not forget to seek benefits for himself.
Li Yude and Lin Luoqi looked at each other and nodded to each other.
"Okay, then we will have a happy cooperation!" Li Yude raised the goblet and said with a smile on his face.
“Happy cooperation!” Luo Qihong and Lin Luoqi said in unison.
Thursday, October 15th
Paramount Company announced that it will sell 44% of its shares in Hongpu Real Estate Company to Dehe Real Estate Company. Dehe Real Estate Company will pay 140 million yuan in advance , the remaining 69 million yuan will be settled within one year
The 4% equity of Hongpu Real Estate Company still held by Paramount Company was sold under Luo Qihong's instructions, and 18.62 million yuan was withdrawn.
Paramount Company has about 160 million yuan in funds on its account. Luo Qihong plans to repay debts of 130 million yuan, and the remaining 30 million yuan will be used to purchase a building worth 50 million yuan. to a commercial building worth NT$60 million.
As soon as so much good news came out, Paramount's stock price began to rise significantly. It rose by 8 cents per share that day, and its market value increased by tens of millions of yuan, approaching 750 million yuan. High market capitalization.
This market value is somewhat different from Luo Qihong's expectation, but Luo Qihong has few ways to continue to increase the market value because he is worried that Li Zhaoji will suddenly attack China Gas Company.
So he wanted to quickly withdraw the funds from the sale of Paramount Company and acquire the China Gas Company.
The next day, Friday, October 16, Paramount Company Office
Su Qishan came in with a report and sat on the sofa next to him at Luo Qihong's signal.
"Boss, this is the information about the Capital Center Building, No. 13 Jardine's Street, Causeway Bay." Su Qishan placed the document on the coffee table in front of Luo Qihong.
Luo Qihong put down the newsprint, picked up the document, and read it carefully.
Jinghua Center Building is a young commercial building built in 1972. It is 22 stories high and has a floor area of 272,000 square feet. The first and second underground floors are garages, and the first to sixth floors above ground. It is used for shopping malls and shops, and the remaining 14 floors are all office rooms.
The asking price of this property is NT$52 million. There are many real estate developers who want to acquire it, and there is fierce competition.
Luo Qihong thought for a while and asked Su Qishan, "How much do you think we should pay to win this Jinghua Center Building?"
This is Luo Qihong's intention to test Su Qishan. .
Su Qishan pondered for a moment and replied, "56 million yuan! This is the price based on the transaction records of the most expensive building in the Causeway Bay area."
"Okay, then you Directly offer 55 million to the owner. If he hesitates, immediately raise the price to 56 million. If he still has concerns, then you can leave and find other suitable targets." Luo Qihong said with a hint of laughter. smile.
"Okay! I will do what you ask." Su Qishan nodded and said.
Office buildings in Causeway Bay are the least valuable compared to shopping malls and shops, and the vacancy rate is higher than that in Kowloon City. What Luo Qihong values is the 6-story shopping malls and shops.
Although Causeway Bay did not seize the No. 1 position in the retail industry in Jordan at this time, the retail industry developed particularly rapidly. In addition, the Windsor Building and other commercial buildings built by Land Company on the original site of the Milk and Ice Factory drove the development of retail industry. Regarding the commercial development of Causeway Bay, the prospects of Causeway Bay at this time are even greater than that of Wan Chai.
(End of this chapter)