Hong Kong's new giants
Page 165
The fourth and fifth phases of Discovery Bay are very profitable, because once the airport plan is announced next year, the villas and luxury residences of these two projects will rise.
In the morning, Lin Zuhui held a meeting with the 'acquisition of Manila Hilton Hotel' project team in the conference room.
Corbett News reported: "Boss, we have negotiated with a Japanese bank on the loan issue. They are willing to make a 'high-risk financial arrangement' to borrow US$900 million and transfer the debt to the Manila Hilton Hotel."
Lin Zuhui nodded. In this way, Cathay Pacific City is equivalent to acquiring a five-star Hilton Hotel (privatized) for only US$300 million to US$500 million.
"Have you done your preparations? When do you plan to go to the Philippines to officially launch the acquisition?"
It is impossible for Lin Zuhui to go to such a turbulent place when he went to the Philippines to acquire a listed company and control the Manila Hilton Hotel through this listed company; so he appointed Corbett and Li Mingtao to represent him, and hired Got my own investment firm as an acquisition advisor (talent recruiting OK).
Corbett said: "We plan to fly to Manila on Wednesday and officially launch the acquisition!"
Not bad, very efficient!
Lin Zuhui added: "Although I haven't been to the Hilton Hotel in Manila, I have heard from you about the specific situation. I heard that the Hilton Hotel in Manila has not yet completed 200 rooms due to social turmoil. After you go to the site, you have to formulate it" Expansion plan', complete the rest of the project and put it into production. Once the situation improves, the income will be much larger!"
Corbett knew that his boss was gambling that the political situation in the Philippines would be stable in recent years, so he bought the bottom.
Therefore, the boss's arrangement is also a matter of course!
"Well, we have set up a working group for this hotel, and we will be responsible for the work of this hotel in the future!"
"Okay, report to me directly if there is any situation!"
In fact, this Hilton Hotel also has a large shopping mall with an area of more than 7000 square meters, but the income of that shopping mall is very low, and more than half of it is empty!This hotel also has a casino of a few hundred square meters, but it is run by the local government and pays the rent of the Hilton Hotel.
Lin Zuhui was thinking that if the situation stabilizes and the Philippines encourages tourism, he plans to lease the mall to the government as a casino.According to the current two types of rent, this Hilton Hotel can get 10 times the rent.
Of course, Lin Zuhui just kept these thoughts in his heart and came up with them all the same.I believe this hotel can bring a lot of profit to the city of Cathay Pacific. Lin Zuhui will also have a place to stay when he travels to Manila in the future.
……
In the private room of the Furama Hotel, Lin Zuhui and Cha's father and son were eating and talking.Since the two parties collaborated on the third phase of Discovery Bay, they have been in frequent contact. Lin Zuhui and Cha Maosheng are even good friends in private.
After all, with Lin Zuhui's identity, he has no problem being friends with anyone, not to mention that he has an aura that makes people approachable.
"Your LEIT Group is developing very well. It took you only one year to acquire it and you can achieve such a result. You really are a capable person, even in that industry!" Zha Jimin praised.
Cha Jia started as a textile company, and has invested in textile factories all over the world, with businesses in China, Southeast Asia, Africa, Europe, and the Americas.
Although the LEIT Group is in the field of ready-made garments, it is actually very close to the textile field, and both were once the No. [-] and No. [-] industries in Hong Kong.
"I'm overwhelmed by Mr. Cha! The LEIT Group is the foundation of crocodile shirts. I just established and acquired some small brands, and there is still a long way to go to become bigger and stronger!" Lin Zuhui said modestly.
Zha Jimin is in his 70s this year. He is a grandpa of Lin Zuhui. He is a well-known figure in the textile industry. Lin Zuhui still needs to be modest.On the contrary, although Cha Maosheng is 22 years older than Lin Zuhui, the two are friends of the same generation and usually have personal relationships.
"Look, Xiaolin's ambition is big enough to show his true qualities. The development of LEIT Group is so good, but we are not satisfied! This kind of spirit is worth learning!" Cha Jimin seemed to be trying to point out his son, and he seemed to be sincerely praising him.
Cha Maosheng said with a smile: "Father said so!"
Lin Zuhui had no choice but to get straight to the point: "Old Cha, brother Cha, what do you think of the prospects of our real estate in the new era?"
"Very good. If you say that you are the best in that field, it must be in the real estate field!" Mr. Cha praised.
"Indeed, the real estate reserve owned by New Era Real Estate is the fourth among all real estate companies in Hong Kong, surpassing New World!" Cha Maosheng also echoed.
New World Development has invested a lot in the New World Center and the Convention and Exhibition Center. In addition, they are all rent-collecting properties, which occupy a large proportion of funds and are slow to return funds. Therefore, in the end, they are weaker than the other three major families in the field of real estate development. real estate company.However, New World Development also has a bright spot, that is, the hotel industry, which is much stronger than the other three.
Lin Zuhui continued: "I am also optimistic about the development prospects of Heung Kong Industrial, so I would like to make a proposal for cooperation. How about our New Times Group issuing new shares in exchange for about 15% of the new shares of Heung Kong Industrial? Through the share exchange, we will strengthen our cooperation. connect!"
The market value of New Era Real Estate is currently nearly 80 billion, while the market value of Heung Kong Properties is only 15 billion.
"Are you optimistic about the geomantic treasure of Discovery Bay?" Cha Jimin said directly.
"Not bad!"
"Can you tell me your reason?"
Of course, Lin Zuhui will not hide anything, after all, he is optimistic about Discovery Bay for no reason, and no one else believes it.
"The load at Kai Tak Airport is increasing day by day. The new airport plan is bound to be introduced sooner or later. Once the new airport plan is launched, Lantau Island is the best choice. At that time, the traffic in Discovery Bay can pass through the cross-sea bridge together with the urban area, and can also pass through the airport. Rail connection."
Cha Jimin and Cha Maosheng showed a hint of complacency on their faces. Discovery Bay is a treasure land of the Cha family, and they are very proud of being so favored.
Lin Zuhui added: "Although the prospect of Discovery Bay is very good, it will take time to complete after all. And our new era real estate will soon enter the explosive period, and the rich land reserve and good reputation are enough for Xiangjiang to develop its business Don't suffer!"
I have to admit that in the eyes of market people, it is obvious that real estate in the new era is more popular, and it is much more popular!
The Cha father and son also nodded, admitting this.
"Well, I don't think this deal will lose money, so I can agree! However, we have to go back and discuss it at the board meeting!" Cha Jimin said after thinking for a while.
"No problem, I'll wait for your reply! If it succeeds, I will introduce brother Zha to the board of directors of our New Era Group."
The Cha father and son were instantly moved. New Times Group is a rising star, and Xiangjiang Industrial is at best a potential stock.
If the share swap is passed, New Times Group can hold 15% of Heung Kong Singyes shares, while Heung Kong Singyes can only hold 2.8% of the shares.
Of course, Lin Zuhui doesn't care about an additional 2.8% minority shareholder. Anyway, he will increase his shareholding to more than 45%, and whoever holds the rest of the shares will not.
But once New Times Group becomes an important shareholder of Heung Kong Industrial, it can not only share its future dividends, but also take the initiative in the cooperation of the Discovery Bay project.
Because Heung Kong's development capability is not strong and its financial strength is too weak, the Discovery Bay project is to cooperate with outside real estate companies, so Lin Zuhui is very fancy about the cooperation on the project.
In this way, it is equivalent to making money twice!
During the dinner, Lin Zuhui did not mention the cooperation between Phase [-] and Phase [-] of Discovery Bay. After all, once the share swap is successful, Cha will definitely ask New Era Real Estate to participate in these two projects.
Then again, will Lin Zuhui offend Zheng Yutong by advocating the exchange of shares between the two companies this time?
Lin Zuhui is not worried about this at all, Zheng Yutong's personality would never think of such a trick as a share swap; in his previous life, New World Development's shareholding in Xiangjiang Xingye was written by Zheng Jiachun, and Zheng Jiachun did it when the new airport plan was already rumored made this decision.
Therefore, this exchange of shares will not affect the relationship with the Zheng family!
On the contrary, it is the fourth and fifth phases of Discovery Bay, the three must cooperate!
……
……
In the conference room of Huaren Real Estate, Lin Zuhui invited several bank leaders to come to the company to review the accounts, and planned to borrow another huge sum of 10 billion.Since the stock market crash, Chinese real estate has done very little. In addition to buying rental properties worth 3 million yuan, they spent a huge sum of 4.5 million yuan to basically buy out the properties of its subsidiary China Entertainment. 4.
In fact, up to now, there is still more than 3 million cash flow lying in the account of Huaren Real Estate, while the debt is only 15 billion.
The asset value of Huaren Real Estate is more than 80 billion, the net assets are nearly 70 billion, and the annual rental property is expected to be 6 million in net profit. Let me ask, which bank does not love such a high-quality company?
A group of bank leaders who often cooperate with each other have given praise!
The person in charge of Standard Chartered Bank praised: "As a shareholder of China Land, Standard Chartered Bank has paid great attention to Lin Sheng since he joined China Land. Two years ago, China Land's net assets were only less than 6 million Hong Kong dollars. ;Two years later, the net assets of Chinese Land has more than tenfold. The current five buildings of Chinese Land (the Entertainment Building has been demolished) are all very high-quality buildings with low vacancy rate and high rent. Our Standard Chartered Bank is very optimistic Subsequent development. This time, we are willing to undertake a loan amount of 4 million yuan.”
Lin Zuhui said with a smile: "Thanks to Mr. John for his high evaluation. I always regard the interests of shareholders as the most important thing. I think that as a listed company, it is essentially a public company. income."
All the bankers once again gave praises!
It can be said that since the August [-]th stock market disaster, Lin Zuhui's reputation in Xiangjiang is very high; so that, when other stocks have fallen by as much as [-]% to [-]%, New Times Group has only fallen by [-]%, and China Land has fallen by less than [-]%. Among the blue chip stocks, it is also a leader.
(Note: New Times Group, China Land, was included in one of the 50 blue chip stocks in March.)
Soon, all the 10 billion loan amount was claimed by the bankers, which made Lin Zuhui very satisfied!
Compared with other companies' loans, Lin Zuhui's companies borrow money, basically bankers come to the company, rather than the company going to the bank to borrow money.
For banks, the companies under Lin Zuhui have large loan scale, guaranteed credit and low risk, so they are very willing to cooperate.
After the group of bankers left, Lin Zuhui called a meeting of several senior executives of Huaren Real Estate.
"As you all know, this time we have obtained a loan of 10 billion, plus we are going to issue 10% of new shares to the parent company Huaren Real Estate to get 5 million in cash, and 3 million in cash on the account, we have more than 18 billion The liquidity can be driven. Therefore, for Legu Real Estate, we are bound to win!"
Legu Real Estate officially announced that it invites major companies to participate in bidding for the 4% equity in the hands of the major shareholder Cui Jia on April 25, and the highest bidder wins.
The current market value of Legu Real Estate is 6.2 million yuan. It owns properties such as Legu Building, Printing House, Lok Shing House in Central, and Lok Kee House in North Point. The value of its properties is more than 10 billion yuan, and it has always been profitable. share.
A kind of high-level executives are a little frightened, thinking that the boss should stop asking too high a price, although it will soon become parity, but it is a little bit of savings!
Gao Yi said: "I have learned from multiple sources that Amoy Properties and Hysan Properties may be our biggest competitors this time. These two companies have always been quite conservative, so we have even greater hopes."
Amoy Real Estate is the real estate company of Hang Lung Properties, and the Chen family of Hang Lung Properties has always been really conservative.
Hysan Land is a listed company of Lee Family. Over the years, it has been acquiring the old properties of the major shareholder, the Lee Family, for dismantling and rebuilding, and soon has a large number of rental properties; because it always only buys the properties of the Lee Family for reconstruction, Therefore, it has always been labeled as 'conservative'.
A senior executive also quickly analyzed: "Leguo Real Estate is a stock that has been making good profits, but it is very unpopular. Our management gave a value of 8.5 million for its net assets (asset value minus liabilities, that is, Legu Real Estate's 1.5 million debts ), so other real estate developers should give up to 43.25 million (a little over 3.8% premium) for the 1% shares held by the Cui family.”
Lin Zuhui listened carefully to everyone's analysis, finally nodded and said: "Okay, I understand, wait for my final price to come out!"
Of course, these high-level executives only have the right to analyze and make suggestions, and Lin Zuhui has to finalize the price himself.
And once Lin Zuhui takes a fancy, he naturally hopes to win 4.1% of the time, so he has actually given a high price of [-] million in his heart!
Because he knows that there is still a [-]% increase in real estate this year, why don't he pay a little more, anyway, he will make money this year!
The three buildings of Lagoo Properties are located in Central, and one building is located in North Point. Although they are all small buildings (covering an area of less than 1.5 square feet), if the surrounding buildings are successfully merged, the reconstruction will be profitable.
The entire privatization of Legu Real Estate requires about 10 billion funds (including the purchase of major shareholders’ equity), and there is still 8 million working capital left in the account of Chinese Real Estate (after the issuance of new shares). Lin Zuhui is not in a hurry to decide on investment projects and directions .
Chinese Real Estate is positioned by New Era Group as: rental property investment and securities investment. Therefore, investment in securities will also be a business of Chinese Real Estate in the future.
Chapter 233 [No. 8 license plate]
In mid-April, the Hong Kong government held an interesting auction about the Hong Kong license plate '4' without letters.
Xiangjiang's license plate without letters originated in 1977.
The first one to appear was the number plate '10', which was successfully auctioned for 20.6 yuan and hung on the Mercedes-Benz 300SL.
In the second year (1978), the No. 6 license plate was successfully auctioned for 33 yuan and hung on the extended Rolls-Royce Phantom VI.
The first 10 license plates without letters, and the '4' and '3' license plates have also been auctioned, all around 50.
余下‘9’、‘8’、‘7’、‘5’、‘2’、‘1’车牌,未拍卖。
Among the remaining six numbers, the No. 1 license plate is the license plate of the police department, because they are in charge of issuing license plates, and it has always been Li Junxia's car license plate in later generations.
Lin Zuhui's favorite license plates are of course '8' and '9'. 9 represents the Supreme Supreme and Ninth Five-Year, and 8 is the homonym of 'fa'.
So for this auction, Lin Zuhui is bound to win.
But his identity is there, it's not easy to show up in person, and he doesn't want to be too ostentatious.
It was foreseeable that the price of this license plate was at least several million. If he participated in it in person, he would be guaranteed to be on the headlines of newspapers in Hong Kong the next day.
Therefore, Lin Zuhui appointed the head of the bodyguard, A Jun, to participate in the auction instead of him, and said: "Remember, you can choose the bidding price if it is less than 1500 million."
Ah Jun nodded and said, "Okay."
Then there was no more text, and as always, people didn't talk too much.
A Jun, whose full name is He Jun, is a scout who retired from the Annan battlefield, and later smuggled to Xiangjiang. By chance, he met Lin Zuhui to help him avoid the Hong Kong police, and finally took root in Xiangjiang.
At the age of 32 this year, he has retired from the position of Lin Zuhui's personal bodyguard and is now in charge of the entire bodyguard team.Because Lin Zuhui not only trusts him, but also has strong learning ability and comprehension ability, and he can learn everything quickly.
……
He Jun brought a colleague Zhang Quan to the auction house of the Hong Kong government.
"Brother He, congratulations on your engagement!"
He Jun patted Zhang Quan on the shoulder and said, "Thank you! You have to work hard, work harder, train more, and concentrate on duty. If you are appreciated by the boss and pass the A-level bodyguard assessment, your future will be even greater. "
"Well, I definitely will!"
Zhang Quan is also a retired soldier there, and has undergone systematic training by the security company. He is currently a B-level bodyguard, which is already the top bodyguard of Lin Zuhui's security company.
As for the A-level bodyguards, the selection is very harsh, and more importantly, it is possible to gain the trust of the boss.At present in the whole company, He Jun is the only one who has won the title of A-level bodyguard. His salary is nearly one million, and even his wife is a female white-collar worker of the company introduced by Lin Zuhui.
And He Jun can receive a salary of one million, not only because he has won the trust of Lin Zuhui, but also because he can learn English, Japanese and other languages, the most advanced security equipment is rare, and he is a security expert (theoretical Knowledge).Of course, these are all things he has learned in the past two years.
He Jun and Zhang Quan walked into the auction wearing sunglasses and formal suits.
They didn't dress like bodyguards, but wearing sunglasses was still a little strange.
The two sat straight in their seats, neither smiling nor talking, and their expressions were very flat, like wooden people.
For this auction, the two did not have much psychological fluctuations. As bodyguards of Lin's security company, psychological quality is the first element.
Not to mention a 1500 million deal, even if the boss asks them to do a 1 million deal, they will strictly implement it, and their psychology will not fluctuate.
As more and more people participated in the auction, He Jun and Zhang Quan no longer attracted attention.
At 2 o'clock in the afternoon, the auctioneer came onto the stage.
"Good afternoon, everyone! I am the auctioneer of this auction... The item in this auction is the license plate number '8' without letters, 8 means 'fa', and 8 is the number most valued by Chinese, buy him, It will be issued... Now, the auction officially begins! I will announce the auction rules, the starting price is 50, and the price will be increased by at least 1 each time. After three hammer drops, the transaction is... 50, let's start!"
As the bids started one by one, the atmosphere of the auction rose!
He Jun did not bid for a long time, and Zhang Quan still sat upright, and both of them were observing the situation of the auction from the corner of their eyes.
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