Chapter 229 229 [No one can fool anyone]
When Brother Lin Xiufeng left the conference room, the smile on Chen Songqing's face disappeared instantly and returned to his serious look.
The remaining three people in the conference room are all his confidants, and there is no need to pretend.
Director He Guiquan said he was a director of the board of directors, but in fact he was Chen Songqing's deputy. Many matters were handled by He Guiquan. He Guiquan was Chen Songqing's highest-ranking confidant.
"Did these two idiots discover something? Like Zhong Zhengwen." He Guiquan frowned and said.
Chen Songqing sneered and said, "Whether they know it or not, they have to help us when they get on the boat, otherwise we will all sink into the sea together."
"Sheng Chen, everyone in Xiangjiang knows these two guys. You fool, will the people at HSBC believe their words at this time?" confidant Lu Zhixuan asked calmly.
Chen Songqing spread his hands and said nonchalantly, "They are just one of the insurance companies. If we all rely on the Lin Xiufeng brothers, how can we do anything? Don't worry, we can definitely get the 250 million loan from HSBC." "
"If we get 250 million yuan from HSBC, which bank can we borrow for other funds? Is it Yumin Bank?" Bige, a foreign accountant, asked. road.
Many of the accounts of Jianning Company were prepared by this accountant, and he deceived many banks, including HSBC, which shows this person's ability.
"No, Yumin Bank is our best backer. We already owe Yumin Bank 4.6 billion Hong Kong dollars, and it is not appropriate to continue to increase it now." Chen Songqing said seriously, "Let's borrow money from Standard Chartered Bank or a foreign bank first. "
"Have the Securities Regulatory Office completed the audit?" Chen Songqing turned to look at Bige and asked, this is an important part. If something goes wrong, Jianing Company will collapse in an instant.
"Don't worry, Mr. Chen, they can't find anything." Bige said confidently.
"That's good! You can rest assured that when we get through this difficulty, Jianing Company will start serious business and eliminate all the previous things. Everyone will be the most respectable person in Hong Kong." Chen Songqing remains the same. Draw pie for three confidants.
"Haha!!" Everyone laughed in unison.
November 3, Wednesday
Only three consortiums were interested in bidding for the Victoria Barracks site on Queensway and submitted bids to the Hong Kong government.
This news immediately caused a sensation in the real estate industry. Real estate developers did not expect that the market situation was so bad. There were not many consortiums bidding for the land in Admiralty, Central.
At around 3 o'clock in the afternoon, Hong Kong government officials announced that the bid was too low and they had decided to withdraw it.
Soon, the reporters went through the back door and got specific information about the bidding. Cheung Kong Industrial Company bid 600 million yuan, which was regarded as the highest bid among the three consortiums. The second place was New World Development Company, which bid 400 million yuan. billion.
This piece of land covers an area of 115,000 square feet. According to the bidding price of Yangtze River Industrial Company, the average price per square foot is 5,217.4 yuan, which is nearly five times cheaper than the land price of Exchange Square, which is more than 30,000 yuan.
No wonder the Hong Kong government wants to take back this piece of land. If the market was like this in 1981, it would be possible for it to be worth HK$2 billion.
Office of Zhaoan Real Estate Company
Luo Qihong is discussing matters with the three giants again.
“The Hong Kong government made a mistake this time. It wanted to stimulate the prefectures and cities, but the situation in the prefectures and cities became even more serious.” Chen Zhilong said happily with a smile.
The worse the current city situation is, the more beneficial it will be for Zhaoan Real Estate Company. It can take advantage of low prices to buy large quantities of high-quality companies and property land. When the market becomes normal, Zhaoan Real Estate Company's market value will suddenly expand. It is very likely to become one of the five new real estate tigers in Hong Kong.
Luo Qihong said with a smile, "The Hong Kong government is not stimulating the city for the sake of the people, but wants to alleviate the Hong Kong government's fiscal deficit. If the abacus is wrong, it will not have a big impact on them, but it will have a big impact on real estate developers." It is fatal.”
“I believe that a new wave of property and land sales will occur tomorrow, and prices will reach new lows. Both speculators and real estate developers will be shocked. "
"Then can we slowly contact some peers and acquire high-quality properties at low prices?" Kang Wenyi asked.
Luo Qihong nodded, "Okay, the price of industrial buildings is almost the same. Let's start here and ask the Finance Department to allocate 50 million to acquire 30 industrial buildings."
Cheng Jianshen reminded, "It is not impossible to acquire 30 industrial buildings, but the quality will not keep up. Why not change it to 22 and try to acquire new industrial buildings as much as possible. What does the boss think?"
"Okay!" Luo Qihong There is no one who refuses to listen.
“Are the nine industrial buildings of Jianian Real Estate Company among them?” Kang Wenyi asked.
"Yes! The company cannot invest all its funds in industrial buildings. The key projects are the acquisition of commercial buildings in Central, Wan Chai, Kowloon and Causeway Bay." Luo Qihong still does not think that industrial buildings are more profitable than commercial buildings.
"The situation of Jianian Real Estate Company is getting worse and worse, but Peng Guozhen is trying to maintain it. However, Peng Guozhen has been hospitalized several times, and it is difficult for his body to withstand the pressure. I don't think Peng Guozhen can last long." Cheng Jianshen The analysis said that he understood that if Peng Guozhen made a breakthrough, it would be beneficial to Zhaoan Real Estate.
Luo Qihong pondered for a moment and said, "I remember that Jianian Real Estate Company has several commercial buildings in Kowloon. Perhaps Peng Guozhen can be packaged and sold. As for the reason, naturally this fund can drag Jianian Real Estate out of liquidation."
The three people thought for a moment and understood what the boss meant. As for the crisis of Jianian Real Estate’s collapse, Peng Guozhen had to sell the property assets at a low price. Otherwise, if they were taken away by the bank, the property prices would be even cheaper and there would be no cure. .
The next day, the board of directors meeting of Huaguang Real Estate Company
The plummeting local market also had a great impact on Huaguang Real Estate Company, although it was not as close to bankruptcy as Jianian Real Estate Company. crisis, but the market value plummeted by 20% to 600 million yuan, the debt ratio increased significantly, and interest repayments began to be somewhat scarce.
Of course, these problems were not caused by Zhao Shizeng alone, but by the market, so the directors did not dare to say anything to blame.
The directors on the board of directors were also busy dealing with matters of their own companies and had no intention of paying attention to the affairs of Huaguang Real Estate Company. "Dear directors, everyone is very clear about the current situation of the local market and stock market. The company's property rent can still cover the interest on the debt, but if it continues like this, we are still worried. If the tenant withdraws the rent, the company will have to If you bear it alone, you may even face debt collection from the bank," Zhao Shizeng said with some worry.
"Don't the company still have tens of millions in cash flow? This should be enough to sustain it until the disaster is over." Director Fatty said.
Zhao Shizeng responded, "This can only cope with interest, but cannot cope with many debt problems. This still depends on the attitude of the bank and the quality of Hong Kong's financial environment. Many foreign banks have begun to reduce their business in Hong Kong , and some loans are still being recovered.”
Today’s properties are worthless. Even if they are refinanced, some price differences must be paid off. This is a risky move for Huaguang Real Estate Company, which will not lead to bankruptcy. To some extent, it will also hurt some vitality.
"What does Zhao Sheng want to do?" Another director threw the question back to Zhao Shizeng.
Unexpectedly, Zhao Shizeng turned to look at Luo Qihong and asked, "Is there any other way Luo Sheng can solve this problem? Even if it can be alleviated, it would be good."
"The current environment is extremely bad, except There is no other way for you to raise funds for the rights issue," Luo Qihong said unscrupulously, knowing that the directors were already busy with personal matters and still wanted them to contribute money to Huaguang Real Estate Company.
The directors took a deep look at Luo Qihong. Among them, the fat director retorted, "It's easy to talk here, but what about those small shareholders? They may not respond. If the rights issue fails, the impact on Huaguang Real Estate will be even greater. It’s big.”
“Yes, what Director Zheng said makes sense. We need to think about it for the small shareholders, and there is also a lot of risk to Huaguang Real Estate.”
"Reject this proposal directly. It will be of no benefit to anyone."
The directors all opposed Luo Qihong's bad idea and asked them to issue rights shares. It would be better to kick them out of the board of directors.
Luo Qihong doesn't care. Anyway, this suggestion is just to blow up Zhao Shizeng. In fact, he doesn't want rights issues.
"Do you have any other suggestions?" Zhao Shizeng looked around and asked.
Hearing this, the conference room became quiet.
They didn't have any ideas. If they had, they would have used them for their own company long ago, and they would still be of use to them who are so anxious now.
As a result, this meeting did not produce any results. It was just a gathering of everyone to chat.
However, Luo Qihong was dragged to the office by Zhao Shizeng again, and it seemed that he wanted to trick Luo Qihong into doing something again.
Zhao Shizeng politely poured a cup of tea for Luo Qihong and said with a smile, "I heard that Luo Sheng has been acquiring properties recently. I wonder if he is interested in commercial buildings in Causeway Bay and luxury homes in Mid-Levels?"
Luo Qihong's heart skipped a beat. It seemed that the Zhao Congyan family wanted to devote themselves to the shipping industry and did not want to leave too many property assets behind.
"As long as the price is right, I'm naturally interested." Luo Qihong said ambiguously.
Zhao Shizeng put down the teapot and said, "How is the current market price for taking over?"
"This is still a bit high. The current property prices are plummeting, and the acquisition is at a loss at this time." Luo Qihong Said with a slight smile.
"I have heard that Luo Sheng takes over the acquisition of industrial buildings based on market prices. Why do they have to lower the prices for luxury homes and commercial buildings?" Zhao Shizeng said, "Don't think I'm easy to bully."
Luo Qihong smiled and said, "Zhao Sheng is also an expert in the real estate industry. He should be very aware that the prices of industrial buildings began to show signs at the end of the 1980s. They have been falling for nearly 2 years and now the selling prices have bottomed out. There is basically no room for decline, so it will naturally be purchased at market price.”
"As for the prices of luxury homes in Mid-Levels and commercial buildings in Causeway Bay, which have just started to fall, there is still a lot of room for decline, so they cannot be settled according to market prices."
Of course Zhao Shizeng understands these market conditions and just wants to get money from Luo Qihong. Wool, just pretending to be confused.
“At what price does Luo Sheng want to buy it?” Zhao Shizeng could only ask after seeing this.
"80% of the market price." Luo Qihong made a gesture with a faint smile on his face.
Zhao Shizeng took a sip of tea leisurely and said, "Luo Sheng is a little unreasonable. I think the prices of commercial buildings and luxury houses will not drop to 50%."
Luo Qihong smiled and said, "Many peers were bargain-hunting on a large scale in the first half of the year. Mr. Zhao, based on my judgment, some properties may have fallen by more than 50%, possibly 70%, 80%, or even 90%."
"Today's rich people are thinking about selling off their assets and emigrating abroad. Foreign-funded companies are also taking a wait-and-see attitude if they don't leave. The Hong Kong government is unable to rescue the market and even wants to make a fortune to subsidize the finance. Why doesn't Mr. Zhao feel that Will the property price fall to the bottom? "
"." Zhao Shizeng looked grim. Of course he knew that Luo Qihong was telling the truth, but he had to consider his family.
“95% of the market price, this is the price I saw.”
In fact, Zhao Shizeng came to Luo Qihong because there were no buyers in the market, or they all wanted to buy it at a super low price .
"Sorry, Zhao Sheng! You'd better find another buyer. I'd better wait." Luo Qihong didn't want to be taken advantage of.
"Luo Sheng, the last price is 90% of the market price." Zhao Shizeng remembered the decision of the family meeting, gritted his teeth and sold it at a low price.
Who knew Luo Qihong still shook his head, "Actually, 80% of the market price is already too high. It is for the sake of our friendship with Zhao Sheng. Otherwise, I would buy it at most 60% of the market price."
(End of this chapter)