Chapter 150 150 [Expansion and Separation]
November 19, Thursday
Luo Qihong was sitting at Towngas Company, holding a newsprint and reading with a smile on his lips, which was contemptuous.
The business of Towngas Company is very stable. First, it delivers gas to residents through gas pipelines, and second, it makes money by selling bottled gas.
The overall monthly gas consumption of residents has not changed much. The revenue and profit of Towngas Company will not change much. If there is a change, it will increase, and there will rarely be a big decline.
As a result, it also controls a number of spin-off companies, such as gas bottle manufacturing companies, gas transportation companies, and even small shipping companies.
The above-mentioned companies are all wholly-owned and controlled by the China Gas Company. In fact, the market value of the China Gas Company is far more than 2.2 billion yuan. According to Luo Qihong's calculation, it is no less than the market value of the Heung Kong Electric Lighting Company of more than 5 billion yuan.
Luo Qihong dared to expand his companies in this way because he controlled the China Gas Company. As long as he had this company in hand, he would have the financial strength to make a comeback. This was also the reason why he wanted to control the China Gas Company at all costs.
For a tycoon, it is very important to have a basic base, which is why Li Zhaoji in his previous life was willing to accept Liu Luanxiong's sniper at any cost.
Luo Qihong had the same idea as John Madden and Li Zhaoji. Towngas was a treasure and did not need to be famous, so he had no idea or intention of raising its stock price.
There was a report on the newsprint about an agreement between Carnegie Corporation and Lee Hsiao-ho of Causeway Bay. Lee Hsiao-ho sold its United Soda Factory land to Carnea Company. The land area is 69,400 square feet, priced at NT$120 million, and can be built on 600,000 square feet. feet of floor area.
Moreover, Jianing Company and Singapore's Yeo Hiap Seng Group formed Laozhi Company, with Jianing Company holding the majority shareholding and acquiring Li Xiaohe's United Soda Drink Company.
In fact, as a large food manufacturing company in Singapore, Yeo Hiap Seng Group also has soda brands, but it cannot compete with the American-owned Coca-Cola and PepsiCo. Perhaps it wants to regain some market share through United Soda Company.
The United Soda Drink Company is also in the sunset, otherwise Li Xiaohe would not sell it, but this brand still has some market in the Xiangjiang area.
Luo Qihong is somewhat interested in the United Soda Drink Company. The soda market is huge and he can use this opportunity to enter the mainland market. Although Coca-Cola and PepsiCo have already entered the mainland market, he can rely on price to open up sales.
So, Luo Qihong wrote the name of United Soda Drink Company on his notepad. If you look closely, you will find that there are several names of companies in it, such as Huaguang Real Estate Company (the family real estate company of shipping king Zhao Congyan), Chinese Real Estate Company , China Entertainment Real Estate Company, Wheelock Company
Among them, Luo Qihong's most valued one is Wheelock Company, one of the four major foreign banks in Hong Kong.
In his previous life, Li Jiacheng relied on Hutchison Whampoa's many overseas companies to radiate influence, acquiring many industries in the UK, Australia, Canada and other places, and creating a world-class family.
It can be seen that the trees planted by the predecessors have a great role for future generations to enjoy the shade!
Luo Qihong naturally wants to copy this development model. In fact, only the shipping industry of Wheelock Company can compare with Hutchison Whampoa Company. Other industries are very average, and some industries are not even comparable to medium-sized companies. The effect is definitely not as good as that of Hutchison Whampoa.
But it is extremely important to have that shelf, otherwise Luo Qihong would have to spend a lot of manpower and material resources to ‘create something from scratch’.
The next news is about Zhaoan Real Estate Company. After many days of rising, its stock price has risen to 2.78 yuan, and its market value has successfully exceeded 250 million yuan.
This share price is temporarily unable to reach the subscription price of De'an Securities Investment Company at that time, but Luo Qihong is still confident.
There are also some news articles about De'an Securities Investment Company. The space given is very small and they only report the actions of De'an Securities Investment in recent days.
"Huh? Taikoo Trading Company!" Luo Qihong read the entire page. He had already paid attention to Taikoo Trading Company when he acquired Hexiang Trading Company last time.
He naturally wants to acquire this trading company, which ranks among the top five in Hong Kong, but now is a great era for making money from trade. Swire & Co. is definitely not willing to sell it, and he does not have the financial resources to make an acquisition.
"It's time to start looking for other trading companies." Luo Qihong said lightly.
The shortcut to the development of a trading company is acquisition, using the best of others to expand and make up for deficiencies in other areas.
In terms of canceling the listing status of Hexiang Trading Company, Luo Qihong may have to thank Gong Guoyan. Without this person's help in making the decision, he may not be able to fully control Hexiang Trading Company and can freely use private funds to carry out the operation. acquisition. As for the fund-raising rights issue function of listed companies, Luo Qihong believes that Hexiang Trading Company can raise a small amount of funds. If the amount exceeds 50 million yuan, the fund-raising rights issue may fail.
Therefore, this aspect is not as convenient as private funds, and he can also mobilize the funds on the account of Hexiang Trading at will.
After making up his mind, Luo Qihong immediately summoned Su Qishan and asked him to collect information on trading companies again, focusing on small trading companies and their business operations.
"Boss, do you want to expand the business scope of Hexiang Trading Company?" Su Qishan asked flatly. He had seen a lot of Luo Qihong's operations.
"Yes, so you should pay attention to collecting information in this area." Luo Qihong continued to remind.
"Since Reske of the sales department became the manager and Zamas of the transportation department became the manager, many foreigners have begun to admit defeat and do not want to lose their jobs, and the company's situation has gradually become calmer." Su Qi Shan briefly described the company's current office situation.
"Yes!" Luo Qihong nodded, but in his mind he was thinking about how to continue to reuse the Chinese groups, cut down the power of the foreign groups, and make the China Gas Company completely under his control.
However, we cannot say this to Su Qishan for the time being to prevent it from being leaked and causing unnecessary turmoil.
He also does not have suitable Chinese administrators to replace those foreigners, so he needs to adopt the strategy of 'boiling the frog in warm water'.
"The company's profit statement for the third quarter has come out. Do you plan to distribute dividends or make investments?" Su Qishan, as the person in charge of the secretariat, can see such a report.
"Dividend, how much profit will there be?" Luo Qihong took the report and asked casually.
"About 60 million yuan!" Su Qishan replied.
“Do you need to use this to boost the stock price?” Su Qishan asked following the trend.
Luo Qihong shook his head, "The 36% stake I hold is not very stable. I will need to increase my holdings in the future. It is not appropriate to raise the stock price now, nor is it appropriate to suppress the stock price. Let's keep it as it is."
< br>If the stock price is too low, it will easily attract the covetousness of other consortiums and create unnecessary trouble.
You must know that Luo Qihong seems to be powerful now, but in fact he is "middle of the road" and is very afraid of challenges from other consortiums.
Fortunately, the environment at this time was not bad, British capital was strong, and most Chinese tycoons wanted to seize high-quality industries from British capital, leaving some leeway for the Chinese compatriots.
Unlike after 1986, the power of British capital shrank, and a large number of high-quality companies were seized by the Chinese, triggering internal fighting among the Chinese.
Restaurant lobby of Mandarin Oriental Hotel, Central
Luo Qihong and Li Bingjun were eating here. Since they had nothing important to talk about, they did not book a private room.
"I heard that Uncle Li and Rocky are trying to separate their families. How is it going?" Luo Qihong asked casually while cutting the steak.
This incident had some impact on Luo Qihong, but overall it was not significant.
"The basic conditions have been negotiated, and there is one more item that is still being discussed." Li Bingjun said truthfully.
"Can you tell me something? Maybe I can give you some advice." Luo Qihong said with a slight smile. Lin Luoqi has been dividing the company and has no energy to raise the share price of Best Real Estate Company.
"It's the equity distribution issue of Hongpu Real Estate Company. Lin Luoqi hopes that Dehe Real Estate Company will retain some equity and at the same time require us to pay the acquisition funds as soon as possible." Li Bingjun was a little worried, after all, it was related to the transformation of the Li family.
(End of this chapter)