Chapter 145 145 [They are all big moves]
Since he is a partner, Luo Qihong needs to give Bai Jinyan some respect, and he cannot have the final say in everything.
Bai Jinyan immediately held a different opinion and said, "Ah Hong, you may not know much about the securities industry. Those who do securities are very particular about reputation, otherwise it will be difficult for customers to come to you. Just rely on us." It is difficult for the company to grow if it attracts customers by itself.”
“The thing that requires fame is very simple. With the Garden Terrace Residential Building project, the name of De’an Securities Investment will become famous. Next, I will let De'an Securities participate in more big projects. It's hard not to be famous." Luo Qihong continued, "Actually, I don't want to do it because we can't invite too many famous guests. It's better to force it. Don’t do it.”
Bai Jinyan thought for a while and nodded, “Okay, let’s open the business in a low-key manner.”
"Also, my original intention of establishing De'an Securities was to take over the investment in securities and stocks of my affiliated companies, so that the money would not go to outsiders. Of course, the relevant business of my affiliated companies cannot yet support the normal operation and operation of De'an Securities Investment Company. Profitability requires profit support from external businesses." Luo Qihong expressed his thoughts directly.
Bai Jinyan naturally did not expect Luo Qihong's plan. She has worked in a securities company for a long time and knows that many large companies have their own companies that are responsible for investment in securities and stocks.
After all, the profits here are also amazing, otherwise there would not be so many securities companies in Hong Kong.
Luo Qihong’s plan is somewhat different from Bai Jinyan’s plan, but Bai Jinyan knows that without Luo Qihong’s capital and business support, it will be difficult to gain a foothold in the securities and stock industry, and most importantly, he will not be able to access Luo Qihong.
In Xiangjiang, there are many capable people, but there are also countless geniuses who have failed. Bai Jinyan does not think that he is more capable than those people, so he has to rely on powerful people to accumulate more. capital may be able to rise in the future.
Luo Qihong is Bai Jinyan's ready-made network resource. Even if he fails, there will be someone who will cover it up, so he doesn't have to jump off the building.
"Ah Hong, if this is the case, I hope my shareholding can be increased to 10%." Bai Jinyan took the opportunity to ask for more things.
Luo Qihong thought for a while and replied, "Yes, but you need to meet some conditions. The asset value of De'an Securities Investment Company must exceed 500 million yuan. I allow you to spend 15 million yuan to acquire it from me. "15 million yuan! Can you lower it a little?" Bai Jinyan was slightly surprised. She didn't even have 1.5 million yuan, let alone 15 million yuan.
Luo Qihong smiled and said, "Don't worry! You can earn 10 million yuan with this single transaction of Garden Terrace Residential Building. When the company's assets exceed 500 million yuan, you can definitely earn 15 million yuan." Funding.”
Luo Qihong said so confidently, Bai Jinyan felt that maybe it was true, and he couldn't help but feel more at ease.
The two discussed some other things and left the tea room after more than half an hour.
Best Real Estate Company’s acquisition case encountered new problems. Century City Company actually persuaded Xinchang Real Estate to resell its 7% stake to Century City. Currently, Century City Company’s The shareholding increased to 31%, nearly 4.3% more than Hongpu Real Estate Company.
This sudden overtake caught Hongpu Real Estate Company off guard.
Xinchang Real Estate still holds 3% to 7% of the equity. Since it has reached a resale agreement with Century City Company, it proves that Xinchang Real Estate is biased towards Century City Company. Hongpu Real Estate is equivalent to Century City has opened up an equity distance of at least 7%.
"What should we do? Century City Company holds at least 34% of the equity of Best Real Estate in disguise, and we only have 26.7% of the equity." Lin Luoqi was a little panicked. If the acquisition battle failed, he would face some losses.
Luo Qihong sat steadily. Now his bargaining chips with Century City Company have become less and less. If he still refuses to suffer losses now, he will cause big losses. Luo Qihong himself can wait for the stock price to rise back before selling. Reduce losses.
But Hongpu Real Estate Company cannot do this. Most of their funds are borrowed, and they will face the "stuck" of high interest rates for a long time, which adds a layer of operating risk to Hongpu Real Estate Company.
“Now we can only try our best to purchase stocks from the stock market or from certain shareholders to increase our shareholding.” Liang Botao said solemnly.
Who would have thought that Xinchang Real Estate Company would actually reach an agreement with Century City Company to form an alliance. Now Hongpu Real Estate is undoubtedly forced into a corner, and it is obviously left with two options: to withdraw or to compete.
Li Yude looked at Luo Qihong and asked, "Luo Sheng, what suggestions do you have?"
Luo Qihong said expressionlessly, "My suggestion is still the one I made before. Let's talk to Century City Company. Maybe we can find a suitable partner for both parties." "A favorable plan."
Lin Luoqi no longer dared to say anything against it. The situation was already very bad, and the possibility of failure of the acquisition was very high. Now it was not about whether to take over Best Real Estate Company, but How to avoid losses.
"Luo Sheng, I think the possibility of successful negotiation is very low. The other party has an absolute advantage. Even if it succeeds, it will only get a small benefit." Liang Botao said.
Luo Qihong shook his head and said, "There is no way. Let's take a two-pronged approach. Liang Sheng, you will first absorb it from the stock market, and at the same time find some shareholders who hold shares, and try to close the gap."
Liang Botao nodded, now he can only give it a try.
Century City Company Conference Room
Luo Qihong, Li Yude, and Lin Luoqi came to meet with Century City Company boss Wang Jianwen and others to discuss matters regarding Best Real Estate Company.
In fact, Wang Jianwen is also worried that Hongpu Real Estate Company will launch an acquisition war, which will also be a challenge to Century City Company, which is insufficiently funded. If he can extract the maximum benefit without losing so much, he is naturally willing to cooperate with Luo Qihong and others negotiated.
"Wang Sheng, you should have guessed our purpose. Your company already holds 31% of the shares of Best Real Estate Company, and we also hold nearly 27% of the shares. The gap is not very big. Let's continue. It will not be good for both sides if the competition continues. "Luo Qihong took the lead and said, "How about we talk first and try to come up with a plan that can guarantee the interests of both parties."
"Luo Sheng, let's talk about your conditions first." Wang Jianwen showed the momentum and attitude of his master.
Luo Qihong said with a smile, "Why don't we share the Best Real Estate Company equally, but we hope to get control of the Best Real Estate Company."
"Luo Sheng has a big appetite, and he is worthy of being able to do so. The person who acquired the China Gas Company." Wang Jianwen smiled slightly, "It is impossible to split equally. Century City Company has an advantage over you, and there is no need to share it equally with you." Even if Century City wins, it will have to pay a heavy price." Luo Qihong continued, "Hongpu Real Estate has made millions, and it is nothing more than spitting out these profits. There won’t be much loss.”
“Luo Sheng is right, let me propose a plan.” Wang Jianwen is too lazy to talk nonsense. “Century City Company will acquire some properties of Best Real Estate Company and other properties. Divide its site development team in half.”
Luo Qihong knew that Wang Jianwen was eating up all the high-quality properties of Best Real Estate Company, which would greatly weaken the strength of Best Real Estate Company, and perhaps Best Real Estate Company would become an empty shell.
"According to Wang Sheng's plan, the Best Real Estate Company we got can only be an empty shell, so we might as well fight to the death and there is still a possibility of winning." Luo Qihong said unceremoniously.
"What do Luo Sheng want?" Wang Jianwen asked, the sneer on his face subdued a lot. He didn't want to confront Luo Qihong head-on.
“Everyone takes a step back. Best Real Estate Company’s high-quality property and site development team can only choose one of the two, and Century City Company will choose first.” Luo Qihong said.
"It seems that there is no difference between the two sides." Wang Jianwen sneered.
"Of course there are differences. Wang Sheng can take the opportunity to make up for Century City Company's disadvantages, and the price he needs to pay is small." Luo Qihong picked out some of the benefits.
“Then let me bring up the second plan. Best Real Estate can give it to Hongpu Real Estate, but Best Real Estate’s Central properties and the two development sites in Tsuen Wan West will be sold to Century City Corporation. , how about it?" Wang Jianwen finally said the plan he wanted.
Luo Qihong glanced at Li Yude and Lin Luoqi. The properties in Central and the land in Tsuen Wan West were undoubtedly the best assets of Best Real Estate Company, but now that they were under the roof, there was no reason not to bow their heads. Seeing that the two of them were hesitant, Luo Qihong asked directly, "What price does Wang Sheng want to buy it at? Market price?"
Wang Jianwen curled his lips and said, "If I buy it at market price, why should I?" Spending a lot of money to acquire Best Real Estate Company, Century City Company can only acquire it at 60% of the market price.”
Luo Qihong shook his head, "This is impossible. Best Real Estate Company has so much debt. Once it loses important property land, it will suffer a loss of 40%. This will be a big trouble and will affect Hongpu Real Estate."
"Let's do it this way, sell it for 90% of the market price, and Hongpu Real Estate Company will acquire 16% of the equity of Best Real Estate Company from Century City Company at a premium of 10%. After that, we can sign an agreement to increase the stock price to a certain price. Let Century City Company make a fortune, how about this plan?”
Wang Jianwen was a little tempted. In this case, Century City can get a number of high-quality properties at a very small price, and it can also make a lot of profits. This is killing two birds with one stone.
But people are greedy, so Wang Jianwen shook his head, "80% of the market price, other conditions remain unchanged."
"Add 5% more, 85% of the market price? "Luo Qihong still took a step back.
"Okay, let's make a deal!" Wang Jianwen began to smile when he saw that his goal was achieved, "Luo Sheng is really brave!"
Wang Jianwen has become the biggest winner, and it is appropriate to say a few nice words to ease the relationship.
"Wang Sheng deserves the award." Luo Qihong replied lightly.
After signing the contract, Luo Qihong, Li Yude, and Lin Luoqi gathered together again to discuss the next steps.
Seeing that Li Yude and Lin Luoqi were silent, Luo Qihong smiled and said, "If you two feel that my decision just now is not satisfactory, my Zhaoan Real Estate Company can acquire 42% of Best Real Estate Company from Hongpu Real Estate. equity.”
For Luo Qihong, as long as he reorganizes the assets of Best Real Estate Company, injects capital, and drives up the stock price, it will be a profitable project, which will be of great benefit to Zhaoan Real Estate Company. After all, there will be profits of hundreds of millions of yuan here. .
With this profit, more than half of the liabilities of Zhaoan Real Estate Company can be cleared.
Hearing this, Li Yude and Lin Luoqi looked at each other. Luo Qihong wanted Best Real Estate Company, which proved that Best Real Estate Company's project was still profitable.
At this time, Lin Luoqi was very calm and said, "Ah Hong, how do you want to operate?"
Luo Qihong smiled, "Follow the plan. The only disadvantage is that a large amount of capital needs to be injected. Much more than before.”
Lin Luoqi was a little tempted, but he still wanted to acquire a listed company with better qualifications, but he didn't have much funds.
"With the funds from Dehe Real Estate Company, I can spend up to 40 million, but I always feel that it is not enough." Lin Luoqi said in deep thought, but he was actually asking Luo Qihong for his opinion.
“Aren’t we partners?” Luo Qihong pursed his lips and said with a smile, “Zhaoan Real Estate Company can inject 45 million. If Hongpu Real Estate can sell a high-quality building to Best Real Estate Company, I I think this will be a win-win situation."
"We will discuss this later." Li Yude still doesn't want to damage Hongpu Real Estate's assets. "For now, we still need to deal with the debt and asset restructuring of Best Real Estate Company. "
"Follow the plan. The funds raised from the sale of property sites will first be used to purchase some high-quality properties, and then issue new shares to Zhao'an Real Estate Company and Dehe Real Estate Company, and use all the funds raised. To repay the debt and reduce the debt ratio. "Luo Qihong said, "According to my calculations, the debt ratio can be reduced to 40%. In this case, Best Real Estate Company will be safe."
"If this is the case, won't Best Real Estate Company have no funds for development?" Lin Luoqi frowned slightly.
Luo Qihong pursed his lips and said with a smile, "You can wait for a rights issue to raise funds, but the funds raised will not be too much, because the reputation and stock price of Best Real Estate Company are not enough to afford it."
This is the disadvantage of Lin Luoqi taking over Best Real Estate. He can only use ordinary means to restructure assets and debts.
In the end, Lin Luoqi was still willing to take over Best Real Estate Company, but Li Yude did not want Hongpu Real Estate Company to pay such a heavy price, and he complained quite a bit.
Fortunately, Dehe Real Estate Company controls Hongpu Real Estate Company, and Li Yude did not dare to object in person.
Soon, Lin Luoqi took over Best Real Estate Company as executive director and general manager. Although there were only 46 employees, he still removed 13 employees and placed his own people in important positions.
The new employees in these 13 positions come from the former Yiren Real Estate Company, including some old employees who have been fired by the Lin Luoxun brothers.
Lin Luoqi acted very quickly. As soon as he received the first payment from Century City Company, he immediately announced it to the public. At the same time, he began to look for new high-quality properties and chose to acquire them to enrich the company's strength.
Lin Luoqi also announced that Best Real Estate Company has passed the board of directors meeting and agreed to issue 150 million new shares to Dehe Real Estate Company and Zhaoan Real Estate Company, raising 75 million yuan. million shares, of which Zhaoan Real Estate Company held 90 million shares and Dehe Real Estate Company held 60 million shares.
In this case, if the five major shareholders of Zhaoan Real Estate Company, Dehe Real Estate Company, Hongpu Real Estate Company, Century City Company, and Xinchang Real Estate Company hold more than 80% of the shares, they will be warned by the Securities Regulatory Office, so Hongpu Real estate companies will take the opportunity to reduce their shareholdings to about 7%.
Best Real Estate Company's 45 million yuan fund raising was a big difficulty for Zhaoan Real Estate Company at this time, so Luo Qihong could only let private individuals borrow money so that Zhaoan Real Estate could easily obtain the funds.
There is no choice but to harm personal interests to make up for the profits of Zhaoan Real Estate, allowing it to quickly get out of its current debt predicament.
De'an Securities Investment Company opened successfully and currently has 19 employees, including Bai Jinyan.
These 19 people have brought some customers and business to the company, with a market value of approximately 40 million yuan.
In order to appease the hearts of these people, Luo Qihong made a promise to them. The business commission was increased to 5 points, but it was only for their own business and had nothing to do with the business of Luo Qihong's companies.
This decision made the staff very happy. It was 2 points more than the original 3 points, an increase of almost 70%.
Although De'an Securities Investment Company did not invite anyone for its opening, Luo Qihong immediately asked a familiar newspaper to publish a piece of news: Hehong Real Estate Company will sell the Garden Terrace residential building in Mid-Levels District to De'an Securities Investment Company. , priced at 230 million yuan.
This news caused quite a stir. De'an Securities Investment Company was remembered by many people and gained some fame.
A few days later, De'an Securities Investment Company announced that it would sell the Garden Terrace Residential Building to Zhao'an Real Estate Company for NT$235 million, of which NT$126 million In exchange for 42 million new shares issued by Zhaoan Real Estate Company, the final payment will be completed within 2 months.
As for whether the balance is really paid, that is a matter between De'an Securities Investment Company and Zhao'an Real Estate Company.
Siu On Real Estate Company's market value is only NT$144 million, but it acquired the Garden Terrace residential building with a market value of NT$190 million in one fell swoop.
Reporters reported this one after another. The stock price rose from 3 yuan to 3.5 yuan, with a market value of 168 million yuan (new shares have not been issued yet), and there is a vague tendency to exceed the market value of 200 million yuan.
Seeing this, Luo Qihong asked Bai Jinyan to help him sell about 10% of the stock at a price of 3.8 yuan, withdrawing 18 million yuan.
(End of this chapter)