Chapter 192 192 [Do you want to engage in acquisitions? 】
This is obviously a situation of ‘stealing chicken but losing rice’.
Chen Zhilong saw Luo Qihong's pensive look and thought that not rejecting on the spot was an opportunity, so he said, "Boss, Guang Sang Hong Company's assets are of very high quality, and there is a large amount of cash on the account. Just based on this Our share advantage is better than that of most real estate companies on the market.”
“Although our Zhaoan Real Estate’s market value is higher than that of Guang Sang Hong Company, in terms of potential, Guang Sang Hong Company is probably better. Better yet, if our company can annex Guang Sheng Hong Company, it will definitely reach a higher level."
Luo Qihong glanced at Chen Zhilong, there was some truth in what he said, but not much.
According to the current capital reserves and debt situation of Zhaoan Real Estate Company, it simply cannot afford such an acquisition. The time for Sino-British negotiations is getting closer and closer. It is necessary to clear Zhaoan Real Estate Company's debts and maintain good operating conditions. That's right.
Furthermore, the current market value of Guang Sang Hong Company is very high, and the period of big slump seems to be a better time.
"Okay, Director Chen! I know what you mean. Everyone wants to develop and expand Zhao'an Real Estate, but now is not the best time." Luo Qihong waved his hand and politely rejected Chen Zhilong's offer. proposal.
However, he also gave Chen Zhilong a hope, "Director Chen, if you continue to collect information about Guang Sang Hong Company, we will have a better chance to launch the acquisition."
Chen Zhilong clicks He nodded, hesitated for a moment, and took out another document and handed it to Luo Qihong, "This is the information of Huaguang Real Estate Company. Recently, Huaguang Shipping Company, a subsidiary of the Zhao Congyan family, is purchasing ships on a large scale and ordering new ones in Japan. The amount of funds involved is very large, so Zhao Congyan has begun to sell some shares of Huaguang Real Estate Company in order to withdraw funds.”
When Luo Qihong heard the name of Wah Kwong Real Estate Company, his eyes suddenly flashed. He had learned some information about Wah Kwong Real Estate Company when they traded two commercial buildings in Sheung Wan last year.
This company has a market value of 860 million yuan and a stock price of 2.2 yuan, but its actual assets exceed 1.8 billion yuan. It is a very high-quality real estate company, and Huaguang Real Estate also has good appeal among Xiangjiang stockholders.
The properties of Wah Kwong Real Estate Company mainly include 25% interest in Wah Kwong Lai King Center Building, Wing Shing Building, Tsim Sha Tsui Harbor Crystal Center Shopping Mall, Mong Kok Jindu Shopping Mall, Wah Kwong Building, Cultural Center, etc. The property market value has reached 1.4 billion yuan.
The remaining assets are some securities stocks and antiques and famous porcelain, of which securities stocks account for the vast majority.
In terms of quality, Huaguang Real Estate must be above Kwong Sang Hong Company. However, the strength of Zhao Congyan, the third largest Chinese shipping king in the world, is many times higher than that of the Feng family. It can even be said that Zhao Congyan The family's strength is no weaker than that of Li Jiacheng.
As Luo Qihong looked down, the light in his eyes became more and more blurred. Each piece of information Chen Zhilong obtained was more deceptive than the last.
Now that the Zhao Congyan family has not reached the end of its rope, they will never allow anyone to rob Huaguang Real Estate Company. Even Zhao Congyan wants to embezzle capital and has the same idea as John Madden.
Luo Qihong handed the document to Cheng Jianshen and motioned for them all to take a look. This also showed that he was still undecided whether he really wanted to attack Huaguang Real Estate Company.
During the great slump, it was possible to acquire a lot of cheap properties, but they were not as advantageous as Huaguang Real Estate Company, which spent 500 million yuan to acquire a value of 1.8 billion yuan.
If Luo Qihong had to choose between the two, he would certainly choose to annex Huaguang Real Estate Company. Taking advantage of the favorable market conditions, he might be able to reduce the debt ratio.
Cheng Jianshen read it quickly, handed it to Kang Wenyi, and then fell into deep thought.
The acquisition of Huaguang Real Estate Company is absolutely beneficial to Zhaoan Real Estate Company, but problems are also prominent, such as insufficient funds and the superior strength of the Zhao Congyan family.
Seeing the atmosphere like this, Chen Zhilong did not dare to persuade Luo Qihong. After all, he had just seen a look of dissatisfaction on the boss's face.
When Kang Wenyi was about to finish reading, Cheng Jianshen said, "This acquisition is likely to fail, and it will offend Zhao Congyan, which will be very detrimental to our next acquisition."
" But Director Chen is right. Huaguang Real Estate is indeed of high quality. If it succeeds, the company will move to a higher level and even take the opportunity to become one of the top ten real estate companies in Hong Kong. Therefore, I think we can take over the stocks held by the Zhao Congyan family first. Successfully enter the board of directors of Huaguang Real Estate, and then slowly make plans.”
Hearing this, Luo Qihong's face became clear as if the clouds had been lifted, "What are your opinions?" Chen Zhilong thought for a while and said, "I agree with Manager Cheng's plan, and I will work on it slowly."
Kang Wenyi also nodded, "How much equity is the boss prepared to take?"
Luo Qihong smiled and said, "We don't have the final say on how much equity we have, but it depends on how much equity Zhao Congyan is willing to give us."< br>
Since it is not an acquisition, it is natural that Zhao Congyan must be willing to transfer the equity or let Luo Qihong hold a certain amount of shares. Otherwise, offending Zhao Congyan will be more than worth the gain.
"Director Chen, you are still responsible for the appointment with Zhao Congyan. Remember to explain your intention to the other party. If the other party is unwilling, don't force it." Luo Qihong told Chen Zhilong.
"Yes!" Chen Zhilong nodded. This was a bit regretful. He only got half of the credit, and Cheng Jianshen took the other half.
A private room at the Mandarin Oriental Hotel in Central
Zhao Congyan was born in 1912. He is now 70 years old and has three sons. Now the couple is addicted to antique collecting and has handed over the family company to 3 sons manage.
Huaguang Real Estate Company was handed over to Zhao Shizeng for management, so Luo Qihong did not meet the famous Chinese shipping king Zhao Congyan.
"Luo Sheng, long time no see. How are you doing?" Zhao Shizeng greeted with a smile. At this time, the Zhao family was still at its peak. Zhao Shizeng naturally did not have too many worries and was quite confident in his style.
The two of them had transacted commercial building projects worth more than 100 million last year, and the process was very smooth, so they formed some friendship.
"It's okay, but I'm not as good as you. If you show your talents in the shipping industry, your family will probably take over the position of charter king in a while." Luo Qihong complimented.
"Luo Sheng has won the prize! The position of charter king is not easy to replace. The fleet of 16 million tons is amazing. Huaguang Shipping Company's tonnage can exceed 10 million tons. It's the limit." Zhao Shizeng smiled and waved his hands, his face full of pride.
"Zhao Sheng, you are too modest. I personally like Huaguang Shipping Company very much. If Huaguang Shipping had not been listed, I would have bought a large number of Huaguang Shipping shares and made a good profit. ." Luo Qihong continued to praise.
"Haha!! You Luo Sheng," Zhao Shizeng raised his index finger and shook his head. "If I didn't know you, I would never think that Luo Sheng is so young and his way of dealing with people is too sophisticated."
< br>"Thank you, Mr. Zhao! I was just telling the truth." Of course Luo Qihong would not admit that it was flattery.
The two continued to chat for nearly 10 minutes before slowly getting down to business.
"Why did Luo Sheng suddenly want to acquire the shares of Huaguang Real Estate Company? Did he want to acquire Huaguang Real Estate Company?" Zhao Shizeng asked, staring at Luo Qihong with a half-smile.
Luo Qihong said with a smile, "Zhao Sheng is joking, I can't handle Huaguang Real Estate Company on such a large scale, and Zhao Sheng, your family is so powerful, I can't defeat it either."
"I don't like to steal my friends' things, otherwise I will be the enemy of the whole world and life will be too boring."
Zhao Shizeng agrees with Luo Qihong's first sentence. The Zhao family is much stronger than Luo Qihong. As for the second In short, he was dubious. Luo Qihong did not steal anything from his friends, but Luo Qihong had a bad reputation and was nicknamed 'bandit' and 'robber'.
Of course, before coming back, Zhao Shizeng had already discussed with Zhao Congyan and had made a decision. Now it is just a test.
If Luo Qihong's answer dissatisfies him, he will naturally withdraw those prior resolutions.
(End of this chapter)