Chapter 180 180 [Debt]
Li Zhaoji reacted quickly. After being coerced by Luo Qihong, he no longer hesitated and immediately launched a stock acquisition of the Star Ferry Company.
De'an Securities Investment Company Office
Bai Jinyan was wearing a women's suit, standing upright next to the desk, holding documents in his hands.
“Henderson Corporation has begun to acquire shares of the Star Ferry Company. The move is very small and difficult to detect without careful observation.”
By acting so cautiously, we are naturally afraid of causing a reaction in the stock market, causing the stock price to rise sharply and causing losses.
"Should we set up some obstacles for Li Zhaoji?" Bai Jinyan asked.
Luo Qihong shook his head, "No, if you embarrass Li Zhaoji now, you will offend Zheng Yutong. It is not cost-effective to offend two tycoons at once."
"But now we have to investigate Tianxing Xiao The situation of the ship company will be convenient for us to take action in the future."
"Yes, I know!" Bai Jinyan responded.
"I have reached an agreement with Henderson Land Company, which will purchase the Garden Terrace residential building owned by Zhaoan Real Estate Company for NT$260 million."
"This is a good news meeting Although the increase in the share price of Zhao'an Real Estate Company is not large, the increase in market value will not be less than 30 million," Luo Qihong said. "In two months, Zhao'an Real Estate Company will have a rights issue, and De'an Securities Investment Company will need it. Reduce shareholdings and reduce capital expenditures for rights issues. "
"Approximately how much shareholdings need to be reduced?"
"My personal shareholding plus De'an Securities Investment Company will not exceed 50%. But." Luo Qihong glanced at Bai Jinyan and continued, "The withdrawn funds will be distributed as dividends, and I need this funds to repay the debt."
Bai Jinyan calculated in his mind, "Nah De'an. The securities investment company can sell 18% of the stock, which is 16.2 million shares. Based on the current stock price of Zhao'an Real Estate Company of 5 yuan, it can withdraw 81 million yuan of funds. However, I still recommend that you sell your personal holdings and retain De'an Securities Investment. The company’s shareholdings.”
Luo Qihong nodded, "This suggestion is very good, I almost forgot. Then De'an Securities Investment will help me sell off the 21% stake I hold."
"Okay, I will follow up personally."< br>
“I remember that the 42 million shares of Zhaoan Real Estate Company held by De’an Company had been mortgaged to the bank. The loan amount at that time was 82 million yuan. This mortgage must be cleared as soon as possible. ." Luo Qihong didn't want to get involved in these matters.
Although De'an Company holds 46.7% of the shares, banks may make things difficult for De'an Company, which will be more troublesome at that time.
“Don’t worry, the funds have been prepared and can be cleared at any time.” Bai Jinyan said proudly.
"We also need to prepare a sum of funds to invest in the Star Ferry Company." Luo Qihong reminded.
“I will raise this fund as soon as possible. I plan to sell most of the blue chip stocks to get around 80 million yuan, which should be enough to handle the investment projects of the Star Ferry Company.” Bai Jinyan finally got tired of standing. , sat down opposite Luo Qihong.
“For those investments in the stock market, it is best to keep the shares of Yangtze River Industrial Company. In the past three years, this company has expanded greatly. At the beginning of the year, there may be good dividends and the stock price will rise sharply. ”
Cheung Kong Holdings controls Hutchison Whampoa, and Li Jiacheng himself controls Cheung Kong Holdings. Although Li Jiacheng’s shareholding is not high, the board of directors and shareholders of Cheung Kong Holdings are all relatives and friends of Li Jiacheng. No worries about losing control at all.
After swallowing Hutchison Whampoa Company, Yangtze River Industrial Company took the opportunity to cooperate with it and made a fortune. Li Jiacheng himself also received a lot of benefits.
A week later, all 21% of Luo Qihong's privately held shares in Zhao'an Real Estate Company were sold, withdrawing 95.39 million yuan.
Since then, Luo Qihong has repaid the loan of 380 million yuan from Bank of East Asia, leaving a loan of 320 million yuan.
Hehong Real Estate Company still owes Wheelock Company a balance of 310 million yuan. Luo Qihong's personal funds are less than 100 million yuan, which is not enough to pay the balance.
When the private investment funds in Hutchison Whampoa are withdrawn, Luo Qihong is fully capable of receiving the balance.
At the same time, Li Yude made up his mind to sell the family's ginseng industry and cashed out 90 million yuan, of which 70 million yuan was used to repay bank loans and the remaining 20 million yuan was prepared for investment.
Li Yude's determination shocked Luo Qihong. Selling off the family property was a prodigal act. If it was serious, it would make people look down on him and bring him a bad reputation.
It is indeed refreshing that the gentle Li Yude has such courage.
Oriental Mandarin Hotel
Li Bingjun personally helped Luo Qihong pour a glass of wine before sitting back obediently.
This was what Li Yude asked her to do, and the purpose was naturally to please Luo Qihong.
"Luo Sheng, you are already the second largest shareholder of Hongpu Real Estate Company. The current debt ratio of Hongpu Real Estate is still relatively high. Is there any way you can reduce the debt ratio?" Li Yude began to say this purpose.
Luo Qihong is a little confused. The debt ratio of Hongpu Real Estate Company is only 40%. Such a debt ratio is not high. The current debt ratio of New World Development Company exceeds 30%.
"Li Sheng, traditional real estate companies seem to have no other option besides raising funds and rights issues."
Li Yude still did not give up, thinking that Luo Qihong was unwilling to help, "If Luo Sheng presides over Hongpu Real Estate, what will Luo Sheng do?”
Luo Qihong smiled, "Li Sheng, if I were in your position, I would earn enough funds from the stock market to let Hongpu Real Estate Company reduce some debt, and then raise funds for rights issues."
"..." Li Yude fell silent immediately. The stock market investment Luo Qihong mentioned was one of his shortcomings. He couldn't complete the first step at all, let alone the second step.
"Can Luo Sheng give me some advice? Hongpu Real Estate Company and the family's investment funds can be handed over to De'an Securities Investment Company." Li Bingjun's mind was quite active and he immediately found a win-win solution.
Luo Qihong immediately refused and said, "Investment opportunities are not always available, and I need to spend a lot of time looking for them. It is not easy to find excellent investment projects."
"And Dean Securities investment companies help customers operate. How to invest is the customer’s business. At most, the staff of De’an Securities Investment Company will remind customers.”
Li Yude sighed and said, "Luo Sheng, I have visited several real estate experts, and they are not very optimistic about the city of Xiangjiang. I also feel that this is a period of recession for the city, and it will last for a long time, so I hope to reduce the debt ratio." . ”
Li Yude’s meaning is very clear. If you don’t help Hongpu Real Estate Company, we will suffer together.
Luo Qihong was not very happy, but for the sake of the tens of millions of dollars invested in Hongpu Real Estate Company, he chose to give in.
"In a few days, each company will announce its profits in 2081. As long as you choose the right company, you may be able to make a small profit."
(End of Chapter)