Hong Kong's new giants

……

The next day, Sunday.

Sure enough, both sides started a public opinion war, but Cathay City is more dominant, who is called Lin Zuhui is a media tycoon!

Cathay City's request is very reasonable, just to send three directors to the board of directors of the big hotel in accordance with the regulations; but the Kadoorie family is too unreasonable and deceptive, with only 12% of the shares, they refuse the major shareholder of the big hotel to be on the board of directors Besides, it doesn't make sense at all.

In this life, Cathay City bought the big hotel alone, unlike the previous life where Liu Luanxiong and Lin Jianmin gave the Kadoorie family a reason to complain about delaying time.

In the previous life, Liu Luanxiong held 26% of the hotel shares, and Lin Jianmin held 12% of the shares; so the Kadoorie family sued Liu Luanxiong and Lin Jianmin as "persons acting in concert". Liu Helin was a little terrified to launch a comprehensive acquisition at the highest price (the highest price at that time was 80.5 yuan per share).

Fortunately, the lawsuit was not passed, but it was delayed for a long time, which caused the bank to put pressure on Liu Luanxiong.

……

No. 12 Repulse Bay, Zheng's house.

This is Zheng Yutong's mansion, which covers an area of ​​16000 square feet, with a swimming pool and tennis court inside. From a distance, the abode among the lush greenery looks like a European royal holiday villa seen in a movie.

At this time, in the secret room of Zheng's residence, there were Zheng Yutong, Li Zhaoji, Huang Tingfang, Guo Desheng, Li Ka-shing, the five most wealthy men in Xiangjiang.

For such a big event, the gathering of these five people, namely Li Chaoren, the scheming Li Chaoren, the bold and brave Zheng Yutong, the first-sounding Lee Shau-kee, the steady Guo Desheng, and Huang Tingfang, who is famous across the river, obviously has a big intention.

It turned out that it was Zheng Yutong who acted as the initiator and contact person, and invited several people to discuss the issue of land acquisition.

Several people unanimously recommended Li Chaoren as the coach, because Li Chaoren is the wealthiest and can be called a master of stock market acquisitions. He has confronted Jardine Land several times without losing.

However, this time it is the acquisition of Hongkong Land, and it can only be successful if the efforts of everyone are gathered.

Why do you say that?

The current market value of Hongkong Land seems to be only 170 billion, but the net asset value is too much higher than the market value. If the new consortium wants to acquire from the stock market, Chartered King's acquisition of Wharf is a lesson from the past.At that time, the stock price of Wharf was more than 14 yuan, and it turned out to be a full 105 yuan at its peak!

The value of Hongkong Land’s property in Central may reach 200 billion, not to mention the conservative 100 billion of other properties. If the new consortium wants to beat Yice in the stock market, the price will be very high.

The only possibility is to buy 26% of its shares from Yice.

This is not just a simple buying strategy, the means and timing are very complicated, and it takes several months of preparation!

This gathering was the first time for the five richest people to gather for Landmark, so everyone just had a simple exchange.

After simply forming a new consortium, Zheng Yutong said: "Lin Zuhui has had a lot of fun fighting against the Kadoorie family recently. I think he is also a good player. Do you want to invite him to join us too!"

Li Chaoren said with a smile: "If you support your younger generation, you won't drag him into the fire pit. Although the real estate department of the new era is also a consortium department with tens of billions of assets, it has high debts and a large market value. In addition, he is now being held by a big hotel. Being entangled is not enough to have the strength to join us."

However, Lee Shau Kee was also thinking of his fellow countrymen, and said: "It's not necessarily that he will take a lot of shares, it's just that everyone is familiar with it, I don't think it's a big deal!"

Although Huang Tingfang had dealt with Lin Zuhui before, he didn't want Lin Zuhui to join. He also felt that Lin Zuhui was not qualified yet.

Guo Desheng was steady, and felt that Lin Zuhui was too brave and impulsive, so he did not agree to join.

Zheng Yutong finally smiled and said: "It's just a suggestion. I'm just very optimistic about him, and it's right not to distract him! Are you optimistic about the success of his acquisition of the big hotel this time?"

Huang Tingfang said directly: "There is almost no chance of winning! I saw his possible final outcome, so I cashed in a profit, but in this way, it proved his essence as a sniper."

Zheng Yutong defended: "I don't think so, he seems to be very confident, we will wait and see."

Li Chaoren didn't say a word, and many media praised Lin Zuhui as "Lin Chaoren", which made Li Chaoren disagree.He felt that Lin Zuhui was similar to Chen Songqing, all relying on various tricks to raise the stock price, and then rights issue to raise funds, borrow money, and take advantage of the real estate boom to expand the company's scale.

But in fact, the debt ratio of the new era real estate department is very high, and the ability to resist risks is very poor.He has abilities, but he definitely cannot be called "Superman Lin", Superman Li thought to himself.But after all, he is a junior, so he can't say it out loud.

Chapter 189 [Confrontation]

Starts the last week of February.

In the meeting room of the Mandarin Oriental Hotel, Lin Zuhui led Liang Zhenxun, Gao Yi and his party, and they were meeting with Simon Keswick and other senior executives of the land department.

Simon Keswick was a member of the Keswick family born in 1942. His uncle, John Keswick, was a former taipan of Jardine Harmony. He returned to the UK in 1975 to engage in politics. The decade of decline of the Jardine Department.

Of course, the decline of the Jardine family has nothing to do with the management of Newbikin and others. After all, the Keswick family is the one who set the general direction of Jardine - making money in Hong Kong and investing overseas.It is precisely because of this general direction that the Jardine Department missed the golden decade of Xiangjiang.

However, a skinny camel is bigger than a horse. Although the Jardine Department has lost Wharf and HK Electric, it is still very large. Now Landmark has become the most desired bread of Chinese capital.

Lin Zuhui never dared to take a peek at Simon Keswick, who had studied at Trinity College, Cambridge University. When he was young, he was a cynical modern hippie. After only one year of university, he asked his classmates to put him in a coffin Carried out of the school gate, this absurd funeral buried him in the past, and bid farewell to the well-behaved college life. His father, William Keswick, was furious and called him "a child cannot be taught".

But later, Simon Keswick joined the Jardine Department and served in Jardines in Hong Kong, North America, Japan, Singapore, and Australia; today, Simon Keswick is already a cool-headed business leader.From the 3-year asset reorganization of Jardine Land, it can be seen that Ximen is extraordinary.

In the meeting room, Simon Keswick made an innocuous joke: "I've been wondering which Chinese tycoon would come to the door first, and it turned out to be Lin Sheng!"

Lin Zuhui said with a smile: "Mr. Ximen is too famous, I can't be regarded as a Chinese tycoon. Moreover, I am different from them. The power of China Land is far beyond what I can covet. Mr. Ximen laughed."

Simon Keswick was a little surprised. He thought that Lin Zuhui brought people to the door for the purpose of buying land; although Lin Zuhui was not rich enough, if he raised funds through rights issue and added a large amount of loans, he might not have the strength to come to talk with him, of course it was just a talk.

"Oh? So Lin Sheng is here this time?"

Lin Zuhui said: "Actually, I just took the liberty to come to the door. I heard many people analyze Landmark, The door is always open (the door is always open), and Everything has a price (the problem lies in the price)."

Simon Keswick was noncommittal. He had no confidence in Lin Zuhui and felt that Lin Zuhui did not have the strength to discuss land issues with him.

Lin Zuhui continued: "We Chinese have an old saying 'a strong man cuts his wrist', which means: a warrior's wrist is bitten by a viper, and it should be cut off immediately to prevent the poison from spreading throughout the body. It is a metaphor to act decisively without hesitation or tolerance. I think Landmark should consider self-help , to deal with the environment surrounded by wolves!"

Simon Keswick showed a hint of interest, and said with a smile: "I would like to hear more about it!"

After a long circle of secrets, Lin Zuhui finally told his intention: "Our New Era Real Estate Department wants to take over the land bank, Royal Mansion, and Harcourt Mansion of Landmark, and is willing to purchase them at a market premium."

Simon Keswick suddenly realized that this was the case. Seeing that he couldn't eat Zhidi, he stepped back and scraped a layer of skin from Zhidi's body.

He has long heard that Lin Zuhui likes to spend a lot of money to buy properties he likes, and he is quite generous, especially in the Furama Hotel.

"I see! But these properties are very important to Landmark, and we may not be willing to sell them. Of course, as Lin Sheng said, our door is always open. The problem is the price. The same is true for these properties! Well, after our company discusses it, we will reply to Lin Sheng whether to sell it or not."

Lin Zuhui nodded. He was here to identify someone, especially to make friends with Simon Keswick, so that when he sells the property in the future, he will be the first to think of himself.

After chatting for a while, the two sides separated amicably!

But after Lin Zuhui and others left, Simon Keswick said in a low voice: "It's interesting! A new Chinese tycoon with courage and strategy, if Hongkong Land intends to sell those properties, he is indeed a good choice. Selling at a high price can make the competition of Chinese capital more intense, which is better than letting those four or five Chinese tycoons even more powerful! What's more, we Jardine didn't really withdraw from Xiangjiang. If we win him over as an ally, we will do business in China in the future There can also be someone who cooperates.”

At this time, after Lin Zuhui left the Landmark, he was also in a good mood.

Simon Keswick is not stupid, and he will definitely agree to discuss with himself the sale of those properties. He can cash out the profits to make the land more secure (not really want to sell the land, but is forced by the financial situation), and he can also sell the property. a high price.

Who in Xiangjiang doesn't know that Lin Zuhui is a generous person. For the property he likes, he is willing to buy it at a premium (the stock price is at a premium, and the net asset value is much higher than the stock price). He is simply a big fool.

Of course, Lin Zuhui is not really a big fool, he has a base price in his heart, even if there is a premium, it must be because the price will be like this in a few months; and there is another prerequisite, it must be a high-quality property, otherwise he Not at all.

……

The news that Lin Zuhui led high-level executives to meet with Simon Keswick was quickly captured by reporters, and it was thrown into the small pond of Xiangjiang like a depth charge.

Basically all newspapers in Hong Kong published the news because it was so shocking.

A reporter earlier discovered that several bigwigs from Huazi Real Estate had started gathering to conspire, and now Lin Zuhui came to the door single-handedly, which was simply too surprising.

A lot of media began to ridicule Lin Zuhui for his overreaching. Landmark's assets are so rich that even several top bosses of Chinese capital need to cooperate. He dared to come to the door alone.

Some media even commented: Lin Zuhui, the newly promoted Chinese tycoon, was defeated by Simon Keswick in the first round;

For a while, there were quite a few media who watched Lin Zuhui's jokes!

Of course, some media also commented that Lin Zuhui's courage is commendable. He is still fighting with the Kadoorie family on one side, and on the other side is starting to fight with the Keswick family.

……

When Li Chaoren saw Lin Zuhui visiting Simon Keswick in the morning, he couldn't help saying in a low voice: "It's really overpowering! For us, Landmark is a giant, and the five of us don't know what to do. Dare to come to the door easily, the young man is indeed brave, but lacks strategy!"

……

Zheng Yutong also saw this news in the newspaper, and couldn't help shaking his head, but soon his eyes began to brighten, and he said in a low voice: "Could it be that he wants to split up the land and scrape the skin layer by layer?"

He knew Lin Zuhui well, he was absolutely experienced and courageous in his work, and he would never be beaten by Ximen like the media said, otherwise how would others win tens of billions in two years.

"If that's the case, it's a very good choice! However, in this way, he won't be able to scrape much of his funds, and the sale is very uneconomical. How could it be better to control the entire land. I don't need to worry, he won't be able to buy many properties, It can even be said that none of the properties in Central can be bought.”

……

After reading the newspaper, Huang Tingfang said to his son Huang Zhixiang: "This Lin Zuhui's love for high-quality properties and land will inevitably compete with us in the future!"

Although the Huang family is the richest man in Singapore, they like to invest in Heung Kong properties, especially at auctions. Once there is a high-quality land for sale, they are the most generous.

On the contrary, Lee Shau Kee seldom gets involved in auctions. He prefers to buy other people's old buildings and land exchange rights in the New Territories;

And Li Chaoren prefers to integrate his own land, because after he acquired Hutchison and HK Electric, he has a large amount of land reserves in his hand;

As for Guo Desheng, he likes to buy a large amount of industrial raw materials for buildings when the real estate market is in a downturn.

Zheng Yutong, who likes big projects, is restrained by the convention and exhibition center.

Huang Zhixiang said: "This new era of real estate is a commercial snake swallowing whale. I am afraid that the potential has been exhausted, and I am afraid that it will be dragged down by debts!"

……

Since the end of 1986, Lin Zuhui has truly become a real estate tycoon in Xiangjiang, and his large-scale purchases of assets and properties have made his reputation resound throughout Xiangjiang.

Furama Hotel's 10 billion, Huazhi Center's 19 billion, and Grand Hotel's 16 billion are so big that everyone in Xiangjiang can see what a new tycoon looks like.

Although Lin Zuhui was also famous in the past, he was by no means as famous as he is recently. Now he is even listed by other media as a Chinese-funded figure who is as famous as the four major real estate families.

……

……

Harcourt Building is located at No. 39 Gloucester Road, Wanchai. The front is reclamation land. The whole building faces Victoria Harbor and has a panoramic view of the sea.Harcourt Building is very close to the Admiralty MTR station, and very close to the Convention and Exhibition Center. The location is superior.

Xu's richest man in later generations bought a building next to it (former Navy Building, later called Aimeigao Building. Bought for 125 billion, sold to Li Chaoren for 96 billion, S~B), and renamed it 'Evergrande Center', and Harcourt House became a neighbor.

Harcourt (que) Building is a 27-storey building with floor area ranging from 1.6 to 1.7 square feet, and the entire rental area is as high as 43 square feet.If such a Grade A office building is fully rented out as an office building, the annual rent will be as high as 20 million yuan if calculated at 1 yuan per square foot per month.

Of course, this is only the result of rough calculations.Harcourt Building has several floors of shopping malls, and its rent is much higher than that of office buildings of the same area.However, rent is not equivalent to net profit, and expenses such as management and maintenance and taxes have to be excluded.But no matter what, the current building is worth more than 10 billion!

Lin Zuhui also knew the future value of this building. The former Huaren Property Group planned to split up the Harcourt Building and sell it by floor. The value of each floor was 5 million.Calculated in this way, the shopping mall must be more valuable, and the value of the entire building should be around 150 billion.

If Lin Zuhui buys it now and collects rent for 30 years, he may earn more than 100 billion!

Another building.

The Royal Building, later known as the Royal Building, is located at 311 Gloucester Road, Causeway Bay, Hong Kong Island, near Victoria Park.This is a building with a unique shape. The whole building is divided into two parts, the low block and the high block, which resemble a trapezoid, and the two hypotenuses of the trapezoid are the high blocks.

The Royal Building is 18 stories high, most of which belong to the shopping mall. The shopping mall has a property area of ​​30 square feet, and the office building has an area of ​​11 square feet, with a total rental area of ​​41 square feet.The previous generation of Chinese Real Estate was completely renovated in the 21st century. It took more than three years to upgrade the mall property to 41 square feet.The entire royal building accommodates 150 well-known international and local brands, more than 20 Chinese and foreign restaurants and a cinema.

The value of this building is also not inferior to the Harcourt Building, and the current valuation is more than 10 billion.

……

Lin Zuhui specially took Gao Yi to inspect the two buildings. After returning to the office, Lin Zuhui was determined to purchase the two buildings.

As for Hongkong Land's land bank, it must be high-quality land in Hong Kong and Kowloon. The quality is no less than the land at the official land auction.

He leaned on the chair, thinking about the recent business activities, there are three fronts in total:

The first front: Cathay City’s acquisition of the Grand Hotel. Cathay City currently holds 32.5% of the shares in the Grand Hotel. However, the Kadoorie family refused to allow Cathay City to join the board of directors. The two sides are still fighting a public opinion war and preparing for the shareholders’ meeting in early May.

The second front: New Era Real Estate and Chinese Land, which purchased their land bank from Hongkong Land, as well as the Royal Building and Harcourt Building.There is no need to worry too much about this, and the two sides will conduct substantive negotiations soon.

The third front: Lin Zuhui's personal acquisition of 'Crocodile Shirt' is still in preparation.

For these three fronts, Lin Zuhui is full of confidence, so his mental state is very good recently.

After a while, Lu Donglai, the general manager of Cathay City, walked into the office.

"Boss, the Kadoorie family complained to the Securities Regulatory Commission that we held more than 35% of the shares and did not initiate a full acquisition! At the same time, the Grand Hotel proposed to the Securities Regulatory Commission to fully acquire Cathay City!"

Lin Zuhui was taken aback, did the Kadoorie family lose their minds?

But if you think about it, you will understand that this is just a 'warning' from the Kadoorie family.

Lin Zuhui waved his hand and said confidently: "Don't even bother with them. If the China Securities Regulatory Commission comes to investigate our shareholdings, you should cooperate! As for the big hotel's full acquisition of Cathay City, it is even more nonsense. Cathay City owns 32.5% According to the regulations, subsidiaries cannot hold shares in the parent company, so it is impossible for the China Securities Regulatory Commission to approve the proposal of the hotel.”

Lu Donglai nodded. In fact, he also knew that these two incidents would not have much impact on Cathay City, but he couldn't be as confident as the boss.

"Okay!" Lu Donglai nodded earnestly, and then said: "Boss, since you met with Mi Gao last time, since he rejected your proposal, I suggest that Cathay City officially send a letter to explain to all shareholders: Cathay City Owning 32.5% of the Grand Hotel, deserves a seat on the board and said we have no plans to spin off the Grand Hotel and that we want to be involved in the development of the Grand Hotel."

Lin Zuhui heard the words and said seriously: "Okay, we must win the public opinion war, and we must win the equity war. You can arrange it!"

Lu Donglai nodded excitedly, he didn't think the boss was talking big.

After Lu Donglai left, Lin Zuhui rubbed his head, thinking that the Kadoorie family would never drop the coffin or cry!

He actually didn't want to privatize the Grand Hotel, not because he had a problem with funds, but purely because he wanted to provide the Kadoorie family as a spiritual symbol of the Grand Hotel.When it develops to a certain level, Lin Zuhui will kick the family away, so that the Lin family will have a perfect luxury hotel brand.

Of course, he has not given up on the cooperation of the Kadoorie family. He will slowly let the family understand that he is invincible and that cooperation is their only choice.

In his previous life, Liu Luanxiong couldn't help crying when he learned that he had to give up the hotel.

But Lin Zuhui is different, the longer the battle line is stretched, the more powerful he will be.

On the contrary, he did not put much hope on the shareholders meeting in early May.