Hong Kong's new giants

"Why wait for the deal to be completed, Lin Sheng is my friend now!"

"Haha, I made a slip of the tongue!"

The three of them quickly enjoyed the food and talked happily.

In fact, for such a large transaction, there is no possibility of bargaining too much!

It's like Li Chaoren buying Hongkong Electric, and the bargaining is only a few words, and everyone hit it off.

On the contrary, it is more time-consuming to review the data.

……

……

On Monday, Lin Zuhui invited Liang Botao to his office.

Liang Botao is from Chaoshan, and he is the "capital strategist" of Chaoshan businessmen, but he is also Lin Zuhui's personal "securities consultant". This is no secret in Xiangjiang.

Some people made fun of Lin Zuhui for overreaching himself, and wanted to imitate Li Chaoren and To Huilian; but Liang Botao did not deny this point, which made people in the industry re-examine the relationship between the two.

Of course, that was the previous question!

Today, Lin Zuhui controls a listed company with tens of billions of assets and a market value of tens of billions. Who dares to say that Lin Zuhui will not be as good as Li Chaoren in the future!Even if he thinks so in his heart, no one dares to say it, unless he does better than Lin Zuhui at the same age!

Lin Zuhui and Liang Botao sat on the sofa, sipping tea in a leisurely manner.

After putting down his teacup, Lin Zuhui said, "I have already negotiated with the Liang family, the major shareholder of the hotel, and plan to acquire 31% of the hotel's shares in their hands!"

Surprise flashed across Liang Botao's face, and he quickly returned to normal.

It turned out that he also knew Lin Zuhui's true strength now.

Not to mention Lin Zuhui's listed companies, this year two have a net profit of one billion, which is a miracle in itself.

Let’s say that the 25 billion blue chips invested by Lin Zuhui (5 million margin) are now making a profit of 10 billion; plus it was rumored that Lin Zuhui made a lot of money from the futures contract last year, Liang Botao guessed that Lin Zuhui had already made a profit from the futures contract at least last year 5 million yuan.

Regardless of the strength of the company or the strength of his personal funds, Liang Botao is no longer too surprised by Lin Zuhui's large investment.

"What do you think? The market value of the hotel is a full 45 billion. If there is a takeover battle, it may be 70 billion. Although you own 31% of the shares, the Kadoorie family is deeply trusted by the shareholders of the hotel. !” Liang Botao said after thinking about it.

The implication is that the cost of a comprehensive acquisition is too high, and Lin Zuhui may not be able to bear it.

If he wants to defeat the Kadoorie family through the general meeting of shareholders, Lin Zuhui does not have enough contacts.

"For long-term investment, I hope to coexist peacefully with the Kadoorie family! But if Kadoorie doesn't even let me join the board of directors, I will stretch the battle line until I defeat the Kadoorie family in one fell swoop! Back then, the charter king bought Wharf. After a year and a half, I don't mind a protracted war!"

Seeing that Lin Zuhui was full of confidence, Liang Botao also became very proud, and said, "Okay, since you are determined, I will do my best to help you! I think you should not only let me act as a consultant, but the bank loan has not been discussed yet!"

He also envied the war between Chinese capital and British capital back then, and only regretted that he had not participated in it. Now that Lin Zuhui is challenging the big hotel, it can be said that it may be the last swan song between Chinese capital and British capital.

Lin Zuhui nodded happily, and said: "I plan to use Cathay City to stage a snake swallowing whale. Cathay City can raise 3 million through a rights issue recently, and I plan to use bank loans for the remaining 12.8 billion. How much can Citibank take?"

Liang Botao gasped, this guy just paid a fraction!

"With such a huge debt, you may only borrow from overseas syndicates, and it is difficult for local banks to agree! In addition to introducing you Citicorp Bank, I can also introduce two Japanese banks. They have invested heavily in Xiangjiang in recent years. They should Will agree!"

Naturally, Lin Zuhui did not expect to rely solely on Liang Botao's relationship, and said with a smile: "I also have a lot of business contacts with Sun Hung Kai. Feng Yongxiang has already promised me to introduce Merrill Lynch (USA) and Tanita (Europe). I believe it will not be a big problem!"

Liang Botao nodded. This man has a solid background and is a favorite of bankers.

"As long as there is New Times and your guarantee, the 12.8 billion loan is not a problem. Moreover, once we take over Liang's shares, we will use the stocks of the big hotel as a guarantee, so that you and New Times can get away."

Lin Zuhui nodded. It is indeed possible. Where does the property value of the big hotel come from, so the stocks are also very valuable.

The two discussed for a long time, and Lin Zuhui also planned to promote Liang Botao as his military adviser, and fully participate in this 'Battle of the Grand Hotel'.

Lin Zuhui thought that there are three possibilities for the battle of the Grand Hotel:

The first possibility: Although the Kadoorie family rejected Da Liu and Lin Jianmin from entering the hotel as directors in the previous life; but in this life, will Lin Zuhui's reputation be better than Liu Luanxiong, and the Kadoorie family will allow Lin Zuhui to become the director; , Lin Zuhui does not mind cooperating with the Kadoorie family for long-term investment, and only asks to be the vice chairman of the board of directors.

The second possibility: The Kadoorie family still regards Lin Zuhui as a scourge, and is unwilling to give him even the most basic directorship (according to theory, he should get three seats); in this way, Lin Zuhui will complain in the media and take up righteousness; Lobby the shareholders of the big hotel and get them to support you.

It is said that Liu Luanxiong lost the election for the chairman of the board of directors with only 2% of the voting rights in his previous life!Of course, at that time he and Lin Jianmin owned a total of 38% of the shares, while Kadoorie only had 12% of the shares; but in the end, the Kadoorie family won, which shows that those small shareholders are still more willing to trust the Kadoorie family.

However, Lin Zuhui definitely does not have the notoriety of Liu Luanxiong. Perhaps by persuading the minority shareholders to support him, he can change the result.As a result, he won the election and won the post of chairman of the board of directors of the hotel.

In this way, Lin Zuhui still held the sincerity and let the Kadoorie family manage the hotel with him.

The third possibility: Lin Zuhui lost at the shareholder meeting, just like Liu Luanxiong in his previous life!But he is not Liu Luanxiong, he can afford it. Although the bank interest rate is high, he doesn't care about it. Once it drags on after the August [-]th stock market disaster, his wealth is not comparable to that of the Kadoorie family.

At that time, Lin Zuhui will not give the Kadoorie family face, and will carry out a comprehensive acquisition!The general acquisition is based on the highest price in the past six months. As long as Lin Zuhui delays until the spring of 1988, he can win the big hotel at a price of about 60 yuan.Although the cost is huge, highly leveraged acquisitions can be adopted.

As for the Kadoorie family's counterattack, Lin Zuhui is not worried. His family has spent a lot of money in recent years to invest in electricity, so their strength may not be sufficient.

……

Lin Zuhui came to Sun Hung Kai Company and met with Feng Yongxiang.

"Feng Sheng, how is the purchase of my futures contract?" Lin Zuhui asked with a smile.

He wants to buy a total of 30000 million September futures contracts this time, and 9 of them are entrusted to Sun Hung Kai Securities.

Feng Yongxiang replied: "It's progressing smoothly, and it will definitely be completed in 20 to 30 trading days. We have already purchased 5000 copies, and we plan to purchase them in 15 trading days."

Lin Zuhui nodded, this progress is OK, he is very satisfied!

Then, Lin Zuhui explained his purpose of coming, and he still obtained a loan for the acquisition of a big hotel.Of course, Sun Hung Kai is too small, and Lin Zuhui is interested in the Arab Bank behind Sun Hung Kai, as well as the relationship between the Fung family and Merrill Lynch.

Feng Jingxi's astonishment was also only fleeting. He probably knew that Lin Zuhui's strength, to be able to gain such a fortune in foreign exchange and futures index contracts, must be more than just superficial strength.

"There is no problem with this. Lin Sheng is an important customer of Hong Kong Base Bank (after the name change of Sun Hung Kai). I am very happy to promote such cooperation!"

"Thank you!"

Although Lin Zuhui is well-known in Xiangjiang, if he finds these banks directly, someone may not be able to introduce them smoothly.

……

Before the Lunar New Year, Lin Zuhui finally invited six banks to the meeting room of Cathay City, and handed over the detailed information of Cathay City for everyone to read.

When everyone saw that Cathay City's debt was only 8 million yuan, but its net asset value was 15 million yuan (asset value [-] billion yuan), they all expressed their appreciation.

As for the asset situation of the big hotel, Lin Zuhui also found a way to get a share for everyone.

"The net assets of the Grand Hotel are 50 billion yuan. That is to say, if we buy it at a price of 51 yuan, the value of its stock is equal to the property assets of the same value. There is no risk in any case. Once we complete the acquisition, we are willing to pledge the shares at various banks."

As long as these bankers agree to the stock pledge, then New Times and Lin Zuhui will naturally release the guarantee.

After all, Lin Zuhui personally planned to swallow the 'crocodile shirt', but he didn't want his shares to be pledged.

Peter, the person in charge of Wangwangbaotong Bank, said firstly: "Our Wanguobaotong is very confident in Mr. Lin's strength, so we first determine the loan amount of 3 million yuan."

He heard Liang Botao say that Lin Zuhui's personal strength is also quite strong, and the company will not be at risk.

Next, various banks began to express their views and expressed their willingness to undertake loans.At this time, Lin Zuhui's reputation also has a lot of factors, the most important thing is the strength of the real estate department in the new era.

After the loan matter was settled, Lin Zuhui immediately felt relieved, and then it was time to sharpen his sword and rush to the pigs and sheep.

No, the Spring Festival is coming soon, and I have to consider spending time with my family.

Chapter 183 [When the barbarians knock on the door]

After the Spring Festival, Lin Zuhui quickly devoted himself to work. This year (1987) is a crucial year for him. As long as everything goes well, his financial status will reach the level of the top ten chaebols, even the top chaebols.

In this way, Lin Zuhui can consider developing overseas or inland next year (1988); not only that, as long as he does a good job in this year's career, Lin Zuhui will have more time to enjoy life in the future.

February 2rd (the sixth day), Tuesday.

Lin Zuhui called Liang Zhenxun and Lu Donglai over, and said, "This Friday, Cathay City will raise funds through the rights issue, with two shares for every five shares. Hurry up and do it!"

Liang Zhenxun and Lu Donglai were not surprised. Years ago, the boss had negotiated with various banks and borrowed a huge sum of 12.8 billion.The purchase price of the big hotel needs 15.8 billion, and the remaining 3 million is naturally raised from the rights issue.

Cathay City originally had more than 3 million in liquidity, but last month it was triple leveraged to buy 9 million worth of blue-chip stocks; It rose again in the last week (2450 points).

"Okay, let's get ready right away!"

Lin Zuhui nodded, and said to Liang Zhenxun: "After the 1.6 million rights issue of New Era Real Estate, there will be 11 billion remaining in the account, so let's not move it for now!"

Last month, New Era Real Estate purchased 6 million land and old buildings. This time, it needs to spend 1.6 million to raise funds through the rights issue. As for the remaining 11 billion funds, Lin Zuhui plans to directly purchase land reserves from Hongkong Land.

Because he knows that Jardine Strategies will be listed this month, and the restructuring of the Jardine Department will come to an end.

And the signal that Hongkong Land intends to release the market will also appear.

Instead of buying a little bit in the market, it is better to swallow the land bank of more than one billion yuan directly.

Liang Zhenxun reminded: "Boss, the property outside is appreciating rapidly now, and our funds are borrowed again!"

What he meant was that putting the loan there would not only accrue interest, but also result in a high price to buy the land.

"I know!"

Lin Zuhui only needed to say three words, and Liang Zhenxun nodded seriously. He was just responsible for reminding, although it may not be necessary.

After the two left, Lin Zuhui leaned back on the seat and relaxed.

He is not in debt, that is his current state!

……

In early February 1987, Jardines announced the establishment of a new listed company, Jardine Strategies (Yitches), which would directly control the equity interests in Hongkong Land, Dairy Milk International, and Mandarin Oriental Hotel; among them, Jardines Strategies held Hongkong Land The stake is 2%.

However, Hongkong Land originally held Jardine's equity, which was changed to Jardine's strategic holding.

Jardine Matheson and Hongkong Land were decoupled, and the seven-year mutual control relationship ended.

Jardine and Jardine Strategy began to control each other. Jardine holds 19% of Jardine Strategy, and Jardine Strategy holds 26% of Jardine (the holding amount of the major shareholder Keswick family is unknown, it is estimated to be around 10%) .

After the major reorganization of Jardine and Hongkong Land, Euces replaced Jardine's holding function.

In this way, there are two lines of defense on the periphery of Jardine:

The outermost one is Landmark, Milk International, Mandarin Oriental;

The second line of defense is the Jardine strategy.

In this way, the innermost Jardine becomes a 'city within a city'.

The Keswick family consolidated their stronghold (Jardines), which also meant a weakening of their control over the land.However, the two wings of Hongkong Land - Mandarin Oriental and Dairy Milk International have established themselves, and the strength of Hongkong Land has been greatly reduced.

The important thing is: Jardine Land is placed at the outermost edge by the Jardine Department. Market participants believe that this is a signal that the Keswick family intends to sell the property. Higher wins.

After Lin Zuhui heard that the reorganization of Jardine Land was completed, he did not intend to come to the door immediately.

He probably remembered that the four major families formally negotiated the acquisition with Hongkong Land in September (proposed an acquisition of 17 yuan per share, 24.5% higher than the market price, with a total share capital of [-] billion shares), but they were quickly wiped out by the stock market crash.

Six months after the stock market crash (the comprehensive acquisition will be purchased at the highest price in the past six months, so the arrangement will be six months later), the four major families will talk about the acquisition issue again, obviously without sincerity (after the stock market crash, they will only agree to 12 yuan per share ).

Naturally, Hongkong Land refused to sell it. Later, some people persuaded them not to drive all the British capital out of Heung Kong, which would be detrimental to the development of Heung Kong, so the four major families gave up.

Now that he knew that no one could buy Landmark, Lin Zuhui only needed to buy out Landmark with a lot of banknotes.

Royal Mansion, Harcourt Mansion, Land Bank, Dilikent Court Mansion, Causeway Bay World Trade Center, 4 shopping mall properties, Excelsior Shopping Centre, Newport Center Shopping Mall, Ocean Terminal, No. 130 Queen's Road, all these properties will be sold, the previous life The cash amount was [-] billion. Later, there were only seven Grade A commercial buildings in Central Land left, and all properties outside Central were sold.

Therefore, Lin Zuhui only needs to catch the land and keep collecting wool, and it would be better to buy vacant land directly.

……

Friday.

The Hang Seng Index closed at 2680 points, and Cathay City successfully raised 3.2 million.

At the same time, more than 30000% of Lin Zuhui's personal 9 September futures contracts have been purchased, and they can all be purchased next week.

Liang Zhenxun and Lu Donglai came to Lin Zuhui's office. One is the director of three companies, and the other is the general manager and director of Cathay City.

In fact, Lin Zuhui already planned to transfer Lu Donglai back to the headquarters or Huaren Real Estate at a later date, and Cathay City Hotel Management will build it into a world-class hotel management company. It will not only have its own hotel brand, but also acquire hotels, or even acquire hotel brands.

Therefore, Cathay Pacific City Hotel Management will implement the CEO's Western-style management structure, and the CEO will naturally hire world-class talents.Of course, not all of them implement Western management methods and structures. As long as Lin Zuhui, the chairman, must have real power, anyone who wants to be fired will be fired.

But don't worry, there is still a certain amount of time for Cathay Pacific's urban development before it can look at the world.

"Next Thursday, we will formally sign a contract with the Liang family, and the funds must be collected in time!" Lin Zuhui said to the two.

Lu Donglai quickly replied: "At present, the bank loans have already arrived in Cathay's account, and the funds raised will basically arrive in the account next Monday. I will definitely not miss it."

Lin Zuhui nodded. There is no need to worry too much about 3 million yuan. New Era Real Estate and Chinese Real Estate have more than one billion yuan in their accounts.

"According to the regulations, once the major shareholder changes, it needs to be disclosed to the market! Therefore, once the market gets the news, the shares of the big hotel will skyrocket. Director Liang, I order you to arrange New Era Real Estate and Cathay City to quickly grab funds in the market , Increase our shareholding to 34%. Presumably only 300 million shares, 2 million funds should be able to win."

Liang Zhenxun said: "Boss, even if we don't rush to raise funds, the stock price of the big hotel will continue to rise! The Kadoorie family is wholeheartedly engaged in electric power, and they have pumped all the funds into CLP Power. I am afraid that they will not have the strength to absorb the shares. And we also It’s not really about acquiring a big hotel, so why spend the extra [-] million!”

Lin Zuhui waved his hand and said, "We don't lack the 34 million, and it's safer to control it at 5000%. Now we don't have the strength to fully acquire big hotels. Don't we have the strength after one year? Don't forget, we have two years In the former New Era real estate department, there was only one listed company on the verge of liquidation with a market capitalization of only [-] million.”

Liang Zhenxun was shocked, and quickly said: "What the boss said is that I am short-sighted!"