Global Tycoon: You Call This A Small Achievement?

The Luo family currently has only two listed companies, namely Monopoly Hotel Group and Oceanwide Hotel Group.

Among them, Regal Hotel Group owns the Regal Airport Hotel at Hong Kong International Airport, the Regal Xiangjiang Hotel in Causeway Bay, the Regal Kowloon Hotel in Tsim Sha Tsui East, the Regal Oriental Hotel in Kowloon City, and the Regal Hotel in Shatin.

Except for the Regal Riverside Hotel on the beach, which is a loser, the other luxury hotels are relatively profitable, and the worst ones can even break even.

Oceanwide Hotel Group, in addition to the hotel industry, has also expanded part of its tourism business, which is currently in a strategic loss stage.

Oceanwide Hotels Group owns a total of 3 hotels in Hong Kong, namely Hong Kong Island Royal Hotel, Tsim Sha Tsui Royal Hotel, and Causeway Bay Royal Hotel.

Last year, Oceanwide Group also went to Canada to expand business and added a Vancouver Royal Hotel and Conference Center. It was in strategic losses before the application, but the losses narrowed rapidly.

Generally speaking, Monopoly Hotel Group takes the mid-range hotel route, while Oceanwide Hotel Group strives to compete in the high-end hotel market.

The Luo family, who received the acquisition invitation, were of course extremely embarrassed and angry. They wished they could get rid of them after 16 games.

This is clearly a hostile takeover. No one can bear it. The industry that he has developed for decades is sold to others at such a low price.

If there is still a choice, the Luo family will never give in. But now, two listed companies have been successfully shorted. Not only has the Luo family's cash flow been cut off, but it also owes a lot of debt and is facing pressure from banks and institutions to collect debts.

Even just thinking about it gives the Luo family a splitting headache!

Even before the financial war started, the Luo family had borrowed from all possible banking institutions and had basically mortgaged all their valuables. Now it is extremely difficult to borrow money!

In just half an hour, Luo Wenchang received dozens of calls urging him to repay the money.

A considerable number of them are banks and institutions who come to inquire about the news.

Banks are the most realistic. They will always add insult to injury and will never provide help when it is timely. The more they try to lure you into borrowing money when you don’t need it, the more they will take away the last plank of life you need when you need money.

In addition to the pressure from banks and institutions, even the food suppliers who have cooperated with the Luo family for decades are worried that the Luo family will not be able to settle the payments according to the account schedule, and they have called them one after another.

This is a fact, the Luo family can't get the money at all now!

Things like accounting period are all industry rules in the industry. If you don't take credit, if others do, then your business will not be able to continue.

When the business is normal, food suppliers are naturally not afraid of credit. Anyway, they usually receive the money after the due date. But now that the Luo family is deeply involved in the whirlpool of public opinion and is in turmoil, who is not worried that the money will be wasted?

"Dad, you should think of a way. Several of our food suppliers have announced that they will stop supplying us. They said that unless the bill is settled, they will no longer give us account discounts in the future, and we must pay in cash."

"If this continues, our hotel won't even have food, and we won't even be able to pay for water, electricity, and property. How can we still do business?"

On the hospital bed, Luo Wenchang looked haggard, while her youngest daughter beside her was holding his arm and asking him to think of a solution.

What else can be done?

No matter how hard you try, you won’t be able to make money anymore!

First, he participated in a financial hunt for Philippine Islands securities and invested most of the cash flow, and then borrowed money again and again in order to raise funds to protect the market.

Thinking of this, Luo Wenchang regretted extremely, how could he have been so obsessed with it in the first place that he did not build a good industrial hotel but chose to get involved in finance?

"Let's talk to them." Luo Wenchang said weakly.

"Dad, do you mean to accept the other party's acquisition invitation?" Luo Wenchang's daughter Luo Peipei said in disbelief.

This was the first time that she could read the deep powerlessness in her father's eyes. From childhood to now, all the giant images were like a bubble of light and shadow, which turned into tiny little stars when touched lightly. The light dissipates.

Luo Wenchang moved his fingers, handed over a newspaper on the side, sighed and said: "There is no way to save it, just accept your fate and try to sell it at a good price."

After saying that, he waved his hand and said, "Go out, I want to rest!"

Luo Peipei took the newspaper blankly, and the moment she lowered her head, her heart felt like a lightning strike. The bold ink headline on the newspaper was, "The Monopoly Hotel Group has been liquidated by its major shareholders, and the stock price may be cut in half."

Before she could react, the nurse at the front desk of the hospital had already trotted over and said that the Luo family had been calling her frequently to discuss important matters.

Even from a distance, Luo Peipei could clearly hear the rapid beeping sound of the phone vibrating.

"Oh, okay, I'm sorry for taking up the hospital's public resources." Luo Peipei was lost for a moment, trying to squeeze out a forced smile on her pale face.

After a while, Luo Peipei stood in the corridor of the hospital with a pale face, gritted her teeth and raised her fist to hit the white wall and said generously: "Damn Oriental Securities!"

Forget about letting the negative news about the Luo family's listed companies go, why target her?

She was obviously an innocent girl with a good upbringing, who had just emerged from the ivory tower less than half a year ago, and had never even dated a boyfriend. However, the other party actually spread rumors that she was pregnant out of wedlock, and was abandoned at the end!

"These bastards!"

After scolding, Luo Peipei was so angry that she kicked a pillar. As a result, she grimaced in pain and burst into tears.

The Luo family was willing to cooperate and did not engage in small tricks. The asset review naturally went very smoothly. The share price of Monopoly Hotel fell directly from 0.56 yuan to 0.13 yuan. Oceanwide Hotel Group was even worse, falling from 5.77 yuan to 0.09 yuan, in terms of market value. , the two companies have a net debt of HK$35 million.

In addition to accepting capital injection from Orient Securities, otherwise these two companies will be bankrupt and liquidated.

"Call Luo Wenchang and say that we can inject capital into Oceanwide Hotel Group and Monopoly Hotel Group, but the premise is that we must have absolute control and he is not allowed to hand over the position of chairman."

He Zhou thought for a while and said, "Of course, if the Luo family still has feelings for these two companies, we can also consider giving them an executive director position and leaving less than 5% of the Luo family's shares."

The number of executive directors is completely up to him. Once the deal is reached, the Luo family will only become a mascot. It is incredible that they will get so little benefit when paying dividends. They have almost no say in the two listed companies.

One is a dignified exit, and you can get some benefits in the future. The other is bankruptcy and liquidation, where you will get nothing and be burdened with debt. He believes that as long as a smart person

You all know how to choose!

The huge Luo family may have a few iron-headed children, but those who know the current affairs are heroes, and he does not believe that the Luo family has the courage to die together.

Those who are barefoot may be able to risk everything, but those who have worn shoes all their lives, how can they have the courage to break the net even if the fish dies, let alone now that the net cannot break even if the fish dies!

In fact, the main reason is that He Zhou is worried about the long nights and dreams, and wants to cut through the mess quickly. Otherwise, once it is bankrupt, liquidated and auctioned, there may be several more competitors. Who knows if anyone else is eyeing the two listed companies of the Luo family?

"Once the acquisition is completed, a delisting application can be submitted to the Hong Kong Stock Exchange. If shareholders want to exit, they can buy it back at today's closing price. Otherwise, they will wait for us to relist in the future!"

"Yes, boss!" Everyone said in unison, "Congratulations to the boss on his upcoming acquisition of two large hotel groups!"

He Zhou waved his hand with a relaxed expression, "When this is over, everyone's bonus will be doubled this month and everyone will have three days off!".