Chapter 459-461 [Benda International]

In Luo Qihong’s impression, the most attractive thing about Asia Securities is the high-quality stocks it holds and its subsidiary Guangshengxing International.

In 1988, Kwong Sang Hong’s net profit reached HK$1.5 million and it owned approximately 70 square feet of rental properties, with the Citizens Centre in Causeway Bay being its representative property.

The main focus of Kwong Sang Hong is not on commercial buildings, but on residential properties, such as the high-end residential building at 20-22A Caine Road, Hong Kong Island, and several villas in Repulse Bay. Rental properties are still the main source of profit.

In the early and mid-80s, Asia Securities was not considered a very high-quality company. However, as high-quality companies were acquired, Asia Securities became a popular company and was certainly sought after by many people.

In fact, the business of Asia Securities and Zhaoan Group seriously overlaps. In terms of securities investment, De’an Securities Investment Company is much larger in scale, and the properties held by both companies are also comparable.

But in the final analysis, Asian securities companies still have their merits. The stock market is sluggish now, so even if there is a premium, it is still a profit.

“Haha!! How much money did Dean Securities Investment Company make from oil futures?” Luo Qihong asked.

Bai Jinyan smiled proudly and said, “Not much, enough to buy an Asian securities company.”

Good man! Billions are not enough.

“Asia Securities is already one of the few high-quality companies in Hong Kong. In 88, its net profit from securities was HK$1.43 million. Now, with the rental income from the properties, it should be at least HK$3 million. Not bad. Very good.” Luo Qihong couldn’t help but sigh.

You have to know that the turnover of Hengchang Bank Enterprise is over 10 billion Hong Kong dollars, but the profit is less than 3 billion Hong Kong dollars. It is already remarkable that Asia Securities can make a net profit of million Hong Kong dollars.

“Do you want Dean Securities Investment Company to directly control a listed company?” Luo Qihong suddenly realized and asked.

A long time ago, Bai Jinyan wanted to list Dean Securities Investment Company, but she gave up because Luo Qihong disagreed. Now she may have to find another way to achieve it.

Bai Jinyan smiled and said, “Yes, if a securities company does not use IPO fundraising to make money, how can it be considered a real securities company?”

Luo Qihong sighed. Although Bai Jinyan was the manager of the group, he had always held on to the securities investment company and never let go. This showed Bai Jinyan’s dedication to the securities industry.

“Okay, go ahead and do it if you want, but I have to tell you that the acquisition amount cannot exceed HK$42 billion. If it exceeds, you must stop immediately.”

“OK! I knew that my husband still loves me.” Bai Jinyan also learned how to act coquettishly from women like Guan Jiahui, and knew that acting coquettishly was more effective than anything else.

Maybe it’s the man’s desire to conquer that’s at work.

Now that the family’s assets have exceeded HK$100 billion, using billions in cash to acquire Asia Securities is not a big deal. Moreover, this acquisition can obviously increase the family’s capital, but it will once again put them at the center of public opinion.

No wonder Li Jiacheng has increased his overseas investment in recent years. Staying in a corner is not a good choice and it increases the risk of business operations.

This also made Luo Qihong determined to speed up the pace of overseas investment.

“I remember that Asia Securities holds a lot of shares in Asia Container Center?” Luo Qihong suddenly asked.

Bai Jinyan thought for a moment and nodded, “Yes, I hold 16.7% of the shares of Asia Container Terminals and am the second largest shareholder. What’s wrong?”

Luo Qihong smiled and said, “It seems that Asia Securities Company is better than I expected. I have changed my mind now and will do my best to help you win Asia Securities Company.”

“For the equity of the Asia Container Center?” Bai Jinyan didn’t think the Asia Container Center was not that good. “If we cooperate with the container terminal company under Zhaoan Shipping, it will be more than 1 plus 1. It’s useless to give it to others.” Luo Qihong smiled slightly.

The container center is also a cash cow and is of great use to shipping companies, which can make a lot of money in the future.

“That’s true. I’ll go contact Wei Li now.” Seeing that the matter was so serious, Bai Jinyan thought about taking action personally.

Before winning the bid for Kwai Chung Container Terminal No. 8, Luo Qihong told the Hong Kong government that he would focus on investing in the UK, and he kept his word. After winning the bid for the telecommunications license, Zhao An Group quickly registered Zhao An Communications Company (a subsidiary) in London, UK, intending to use this to enter the UK telecommunications industry.

At that time, the telecommunications industry in all countries was like a baby. After all, the penetration rate of wireless phones was not high, and wired phones were still the main method of use. Therefore, Luo Qihong still used the old method and acquired a paging company and a wireless telephone company holding a CT1 license in the UK.

Li Jiacheng has always been an old fellow with unique vision. Like Luo Qihong, he is optimistic about the telecommunications pie and is now also making a big push into the British telecommunications industry.

It is only a matter of time before the two companies meet. According to Luo Qihong’s prediction, the two companies are likely to end in a tie, which will benefit the third party, so he plans to cooperate with Li Jiacheng at that time.

Luo Qihong remembers the history of telecommunications development in Europe. Not many years after 3G appeared, 4G appeared. It was not enough time to recover the cost in just 2 or 3 years, so the most profitable license was still the 2G license. With a full years of development time, it was possible to make a lot of money.

Moreover, Luo Qihong will sell these license industries at the corresponding time and take the opportunity to make a fortune.

According to the budget, Luo Qihong felt that the 2G industry alone could earn hundreds of billions, which would be more profitable than any other business.

a.

Luo Qihong’s investment funds in Nikkei futures and oil futures have been recovered. The US$8 million of the former have been transferred to Singapore and Australia. He plans to acquire Singapore’s Yeo Hiap Seng Group and Australia’s Penta International Group, thus laying the foundation for the Luo family’s business empire in these two countries.

Penta International previously had a large number of real estate investments in Hong Kong, such as the acquisition of the Admiralty Centre in Central and the purchase of luxury residential buildings in the Mid-Levels from Hong Kong Land Development, spending billions of Hong Kong dollars.

Moreover, he competed with Run Run Shaw and others for the control of Hong Kong Television, resulting in the loss of hundreds of millions of dollars, and his other investments were also affected.

Especially real estate properties purchased with a large amount of money.

Pang Yalun’s outrageous move caused irreversible problems for Hong Kong Benda International, which had to be sold to recover the losses. After all, Benda International’s headquarters in Australia was also greatly affected by this.

Today, Benda International has not yet recovered and Pang Yalun is still struggling desperately.

Luo Qihong had been eyeing the fat piece of meat of Benda International for a long time, but he just had no chance to make a move.

Penda International is a large conglomerate in Australia, otherwise it would not have invested heavily in Hong Kong. The industries involved include television broadcasting, mining, real estate, textiles and vineyards. It is one of Luo Qihong’s ideal companies.

In fact, Luo Qihong also has industries in Australia, but he only invests in real estate and securities, and the scale is not large, similar to the Kwong Sang Bank in Hong Kong.

However, as long as the acquisition of Benda International is completed, the Rothschild family will have a firm foothold in Australia.

A hotel in Sydney, Australia.

The decoration and layout here are similar to those of the castles of European nobles, giving people a very classical feeling. At the same time, the sound of the piano makes people relax a lot.

(End of this chapter)