639: Chapter 600: The Qu Family Father and Son 639: Chapter 600: The Qu Family Father and Son “Dad!
The market has stabilized!
Stabilized!” Qu Jiarong excitedly stared at the trend chart on his computer and told Qu Liheng, who was beside him.
Qu Liheng, sweating profusely, saw the stock market turn completely positive and finally let out a long breath, “How many of our company’s shares have we sold?”
“I sold off all of the 28 percent I had, and Mom sold her 25 percent too,” Qu Jiarong told his father.
That’s almost half,” Qu Liheng said with some worry.
Qu Jiarong comforted him, “Dad, as long as the Hang Seng Index keeps rising steadily, we can earn it back.
Besides, those shares thrown into the market are not landing in one person’s hands.
You don’t have to worry too much, you’re still the chairman of the biggest real estate developer in Hong Kong.”
Speaking of real estate, Qu Liheng asked Qu Jiarong, “Has that piece of land in New Territory been sold?”
“Yes, it was taken over by someone the day after you decided to sell it because…
the price was relatively low, so it sold quickly,” Qu Jiarong replied.
“That’s not right…” Qu Liheng felt something suspicious about the situation and said, “Were the residential buildings and villas in Qingshui Bay at Hong Kong Island also sold?”
They were sold, and someone took over not long after they were listed,” Qu Jiarong replied briskly.
Qu Liheng felt a nagging concern about his own decision, “In such a scenario where everyone is fending for themselves, there are still people daring to take over; could it be that they know Hong Kong will hold this time?”
No sooner had Qu Liheng finished speaking than he shook his head, dismissing the idea.
Having been in business for many years, he never believed in knowing things before they happen, especially since he had just made a wrong decision; he couldn’t admit that someone else was stronger than he was.
While Qu Liheng was puzzled, the phone rang, “Hello, who is this?”
“It’s me, Old Qu!” a familiar voice came from the other end of the phone.
“Old Huo, do you have any news?” As soon as Qu Liheng heard it was Huo Ting, his spirits immediately lifted; he knew the Huo Family had many connections and channels.
“I just got the news, the Mainland Government has made a move, Hong Kong is now secure without a doubt, it’s time to buy at the bottom, hurry up and act, buy back as much as you sold before!” Huo Ting said openly to Qu Liheng over the phone.
“*Snap!*” Qu Liheng abruptly hung up the phone and then told Qu Jiarong, “Quick, quick, quick!
Enter the market now!
Leave not a single penny, focus on the real estate and financial sectors, buy as much as you can!”
Qu Jiarong didn’t understand his father’s reasoning—entering the market at such a critical moment when others couldn’t even escape.
“You incompetent fool!
What are you waiting for?!” Qu Liheng urgently said to Qu Jiarong.
“Yes!” Qu Jiarong immediately picked up the phone and frantically made a series of calls, and after more than twenty minutes, he finally managed to throw all his money into the stock market.
“Dad, did you receive some news?
Isn’t this too risky?” Qu Jiarong asked with some worry; they had been so desperate when they sold their shares earlier, and if the market didn’t rise now, they would be completely ruined.
Qu Liheng, watching the Hang Seng Index, said to Qu Jiarong, “Old Huo just called, the Mainland Government has already made a move, Hong Kong is safe this time.
Old Huo must have received the news early and has probably filled his belly by now, and only then decided to leave some for us.
Qu Liheng sighed heavily, “I should have thought of this sooner!”
“Dad, what did you say you should have thought of earlier?” Qu Jiarong, not understanding his father’s meaning, asked.
Qu Liheng sighed as he explained, “Hong Kong had just been returned and was in the eye of the storm, under the global spotlight.
How could the Mainland Government possibly let Hong Kong’s economy paralyze and become a laughingstock?
More importantly for the Mainland Government is stability.
I should have realized the Mainland Government would intervene.”
Qu Jiarong listened to his father talk at length; indeed, he had never considered these factors before.
“You go check who had the appetite to swallow up these properties, and if we can buy them back, that would be best.
It doesn’t matter if we lose some money,” Qu Liheng told his son, urgently wanting to recuperate as much of their losses as possible, and if they could make some profit, even better.
Two days later, Qu Jiarong discovered some information.
“Knock, knock, knock!
Knock, knock, knock!”
In the chairman’s office at Liheng Group’s headquarters, Qu Liheng was tallying the recent gains and losses when a knock on the door sounded, “Come in!”
I found out about the matter you asked me to look into!” Qu Jiarong approached Qu Liheng’s desk and said.
“Oh, tell me about it,” Qu Liheng put down the documents in his hand and had Qu Jiarong sit opposite him.
“I investigated and found out that all our projects went to a real estate company called Tenglong Real Estate,” Qu Jiarong said.
“Tenglong Real Estate?
How come I’ve never heard of it?” Qu Liheng was incredulous.
Qu Jiarong shook his head and said, “I was puzzled too, so I went to check the background of this Tenglong Real Estate.”
“Any findings?” Qu Liheng asked curiously, eager to know who this mysterious player was who had daringly taken over properties at such a critical time and gotten a great deal.
Qu Jiarong hesitantly replied, “I only found out that it was established around a month before the financial crisis, with a registered capital of two hundred million Hong Kong Dollars.
I couldn’t find out anything else.”
“How could that be?” Qu Liheng was bemused, never doubting the Qu Family’s influence in Hong Kong.
I really tried, pulled all the strings I could, but I just couldn’t find this mysterious person,” Qu Jiarong said with difficulty, though the truth was that he hadn’t looked thoroughly and had only sent two people to run around.
“This matter must be thoroughly investigated!” Qu Liheng was quite dissatisfied as he spoke to his son.
“Dad, don’t worry, I’ll try harder,” Qu Jiarong responded, knowing now there was no escaping it.
Hearing his son’s promise, Qu Liheng was somewhat relieved, then he added, “After going through this ordeal, the financial landscape of Hong Kong will definitely have to be reshuffled.”
Qu Jiarong was still most worried about his own future lifestyle, not caring about others, “Dad, how much did our company lose?”
“Fortunately, we mitigated in time, about two hundred fifty million or so,” Qu Liheng said, relieved, “The most we now hold are stocks.
Once the aid from the Mainland withdraws after this storm, it’s hard to predict what will happen next.”
“Dad, do you mean to sell off our stocks?” Qu Jiarong asked.
Let’s return to our most familiar real estate industry, that’s the most assured approach,” Qu Liheng said to his son, “Therefore, I had you investigate that Tenglong Group.
Its emergence is too bizarre, coinciding precisely with this critical moment, and capable of continuously acquiring land, obviously with strong capital and abilities.
They are our future competitors!
Knowing both ourselves and the enemy, one can fight a hundred battles without disaster!”
The battle to defend Hong Kong successfully concluded with the retreat of international speculators.
Liu Ran Company, Yanhuang, and Tenglong Company earned great fortunes from this financial defense of Hong Kong, virtually snatching half of Hong Kong into their embrace, holding company stocks possibly only less than that of the Hong Kong government.