Hong Kong's new giants
Page 169
……
On Friday evening, New Times Group announced that it held 52% of Paul Y. Construction's shares, and the acquisition was successful.At the same time, the redevelopment plan for No. 2 to No. 38 En Ping Road was also announced.
Why is there no No. 1, because that is the property of the Lee Hysan family!
Public opinion was in an uproar.
New Times Group would not announce a reconstruction plan at this press conference for no reason, and reporters familiar with the terrain quickly guessed that this was Hysan Land's old nest.
In other words, New Times Group is fighting back against Hysan Land.
All of a sudden, the media began to prepare topics, and it would be good to see the newspapers tomorrow.
In the evening, Lin Zuhui was still working overtime, listening to the report of the Binglou team.
The building merger went smoothly, but the cost was also high. A total of 2 owners of No. 38-26 Enping Road had all negotiated, but nearly 3 million in cash was consumed, with an average premium of 25%.
This is still the impact of the stock market crash. If the real estate peak, this price may not be enough.
"Go talk to the Li family about the acquisition of No. 1 Enping Road, they have no reason to refuse!"
"Ok!"
Of course, there is no reason to refuse. After all the owners have passed the reconstruction plan, you do not agree to a unit; the important thing is that you are a real estate developer. If you let business friends know that you are in the "nail building", you will be cast aside and have a good reputation. It will stink the streets.
And once Hysan Land is labeled as a "nail building", as long as they rebuild the property in the future, those of the same rank and low will go to their "nail building".
……
The next day.
The media in Hong Kong have written a lot about the battle between New Times Group and Hysan Land; if you stop my acquisition, I will build the building at your doorstep.
For a while, the citizens of Xiangjiang caught their attention.
After seeing the news, Li Dingchang was not calm for a moment, because the merger of Enping Road is in the current plan of Hysan Land; even, this plan is going to be implemented soon, Hysan Land is preparing a 31-storey building, A high-end commercial building with a floor area of 62.
"Lin Zuhui, you are so ruthless!"
For a moment, Li Dingchang knew that this time, he had been completely defeated.
A high-end commercial building of more than 60 square feet is worth at least 10 billion yuan, not to mention that this is one of Hysan Land's core plans.
Baohua Construction did not succeed in the acquisition, and even lost a high-end commercial building.
In this wave, he didn't earn face at all, but instead lost face in the business world.
As for No. 1 En Ping Road, it had to be sold to someone else in the end. Otherwise, the whole of Hong Kong would know that the Lee family was working as a "nail building", and the impact would be extremely bad. Even the Planning Department would not be able to see it.
What makes Li Dingchang most suspicious is whether some of the senior management of Hysan Land are internal traitors, otherwise why did Lin Zuhui learn of Hysan Land's core plan in the first place.
For a moment, Li Dingchang's face became unpredictable.
On the same day, at the emergency meeting of Hysan Land, Li Dingchang had an unpleasant quarrel with a group of senior directors.Not only did they suspect that Hysan Land had an insider, but some directors also questioned Li Dingchang's failure in this strategy, which caused the company to suffer huge losses.
Some directors suggested: "acquire No. 2-38 Enping Road from New Times Group at a price higher than two-thirds."
Worth 5 million, Hysan Land lost more than 2 million to compensate for the loss of New Era Group.
……
Beginning in mid-May, the New Era Department has continued to move:
First, New Era Group undertook 10% of the new shares issued by its two subsidiaries, Huaren Property and Cathay City respectively, involving more than 6 million funds, and initiated a comprehensive acquisition as usual, with the price being 10% of the highest price in the past six months premium.
Then the Lin family announced to participate in the privatization of 49% of the shares of Furama Hotel, involving a capital of 6.8 million.
Everything is going smoothly and nothing like the 'Hysan Land spoiler' happened again.
By the end of May, the whole department of New Era Group has undergone many changes:
49.8. Lin Zuhui personally holds [-]% of the shares of New Times Group (the overall acquisition failed);
55. The New Times Group holds 60% of the shares of Huaren Land (the comprehensive acquisition failed), the New Times Group holds 96% of the shares of Cathay City (the comprehensive acquisition failed), and the New Times Group holds [-]% of the shares of Baohua Construction (the comprehensive acquisition success).
98. Chinese Land holds 34% of the shares of Legu Real Estate (successful privatization), Chinese Land holds 49% of Futura International (a company that invests in American real estate), and Chinese Land holds [-]% of Zhonghuan Entertainment (planning to sell as a shell company ).
34.8. Cathay City holds 51% of the big hotel, Cathay City holds 49% of Furama Wine (the Lin family holds another 100%), and Cathay City holds [-]% of Manila Hilton Hotel.
In this round of business activities:
The Lin family spent a total of 20 billion in cash (including increasing their shareholding in Wanhui Media to 49%), leaving only 25 billion in cash flow.
The debt of New Times Group has risen to 50 billion, but its strength and potential have been greatly enhanced; firstly, it has strengthened the shareholding of its two flagship subsidiaries, secondly, it has succeeded in internal development (that is, it has increased its strength in the construction field), and finally is Possess a strong land bank (second only to Sun Hung Kai, Henderson, and Cheung Kong).
……
……
Friday, January 5th.
In the meeting room of Xiangjiang Industrial, the leaders and senior management of Xiangjiang Industrial, New World, and New Era are discussing the cooperation of Phase [-] and Phase [-] of Discovery Bay.
The third phase of Discovery Bay will be carried out in three phases, including 143 garden villas, 172 low-rise units and 882 high-rise units, with a total construction area of 110 million square feet.It has been built successively since May.
The third phase can be described as very successful. Since the beginning of May, the real estate industry in Hong Kong has started a new wave of growth; especially overseas investors have come to invest in Hong Kong. There are more than 10 property transactions worth hundreds of millions of dollars reported in a month.
Cha Jimin said: "For this cooperation, Heung Kong Industrial's plan is: first, sell the development rights in cash; second, when the property price exceeds HK$650 per square foot, we, Heung Kong Industrial, will share another 3% of the profits."
Both Zheng Yutong and Lin Zuhui nodded, because there was no high-level negotiation beforehand, so there will be no bidding today.
"Our New World and New Era are joint companies this time to participate in the construction of the fourth and fifth phases of the project. New World holds 6% of the shares, and New Era holds 4% of the shares." Zheng Yutong responded.
Lin Zuhui added: "The division of labor in the third phase is still adopted: Heung Kong Xingye will serve as the project planning manager, and New Era and New World will pay for the construction costs and plan sales."
This cooperation is actually more beneficial to the new world and the new era. They can share 65% of the profits. Of course, the premise is to pay a development right fee first.
Zha Jimin laughed at himself and said, "Compared to you two, we are still students in real estate. The sale of the development rights this time is also considering our own lack of strength."
Lin Zuhui comforted the old man and said, "The territory of Discovery Bay is so big, why don't you worry about Xiangjiang Xingye not being the leader, Mr. Cha?"
Once the plan for the new airport comes out, Xiangjiang Xingye will not give up the bulk of its profits to others.
"Haha, I've been taught, I'm being stingy!"
Next, Zha Jimin said: "The price of the development rights is 2.54 million, do you two have any objections?"
"no!"
"no!"
For this cooperation, Heung Kong Industrial has played the role of a 'subway company', and we will charge a fee first.
Of course, the fourth and fifth phases of the project are also very luscious. The two phases of the project include high-rise and low-rise residential units with a total construction area of 140 million square feet and 100 million square feet respectively.
Although everyone has set a standard line of more than 650 yuan per unit price, Lin Zuhui knows that according to the fourth and fifth phases of occupancy in 1990, 1992, and 1994, the unit price of at least 1000 yuan can be sold here, and the average price may be It is 1500-2000 yuan.
Because in the past few years, the general environment of Xiangjiang real estate has increased by 2 to 4 times, not to mention that there is a new airport plan here.
Therefore, the total profit generated in the fourth and fifth phases will be more than 30 billion, and the New Era Group is expected to obtain 26% of the total profit, which is very generous.
On the same day, the three parties successfully completed the signing!
On the way back, Lin Zuhui and Zheng Yutong went the same way.
Zheng Yutong said: "You've been a bit ruthless in cleaning up the Li family recently!"
Lin Zuhui was puzzled and said: "Uncle Tong, you made a mistake! I was bullied by the Li family first, and we spent at least two or three hundred million more on Baohua Construction!"
Zheng Yutong smiled and said: "I know, but you also earned a piece of Enping Road reconstruction property! I'm not talking about that, you published in the newspaper that the Lee family is a 'nail building', and No. 1 Enping Road asked for 2 A matter of billions, you are putting the Li family on a volcano!"
Lin Zuhui said innocently: "The asking price of 2 million is real. We have a recording of the negotiation, but we didn't show it."
Zheng Yutong was taken aback, this Li Dingchang is really unprovoked, he can't be restrained, what about a barrister?
It’s not that there’s anything wrong with the Li’s family’s failure to sell No. 1 Enping Road, but it’s not good for you to be caught by someone after asking for 2000 million yuan (actually worth [-] million yuan); after all, you are also a real estate developer. If you do this kind of thing that starts from the ground, what should you do if you need to merge buildings in the future?
The important thing is, why do you offend a 'King of Media'?
Don't make it too easy for others to mess with you!
In the end, Zheng Yutong said: "Li Dingchang entrusted me to sue for you. He is willing to buy the property rights of No. 2-38 Enping Road in your hands at a price that is two-thirds higher, which is 5 million yuan!"
A net profit of 2 million sounds good!
But Lin Zuhui is not so stupid. Rebuilding a building will cost tens of billions of dollars in a few years!
"Uncle Tong, why don't you go on another trip and ask him to sell No. 1 Enping Road to us, and we are willing to take it for 3000 million yuan! If it succeeds, I will accompany you to play the Big D twice. You decide!"
Zheng Yutong was overjoyed, and immediately said happily: "Three times!"
"You have the final say! It's as if I haven't played with you!"
"You still have the nerve to say that every time you play for a while, you will find someone to top you. Impatient, thinking about your little girlfriend!"
Lin Zuhui couldn't refute immediately. In the matter of hoeing the big D, Lin Zuhui has a high level and good card skills (knowing how to memorize cards), but he is impatient, mainly because he doesn't want to spend a good night playing cards with the old man.
But Zheng Yutong likes to play cards with Lin Zuhui the most!
In the end, Zheng Yutong warned: "If others are willing to let go of No. 1 Enping Road, you have to let go of nailing the upstairs. It is best for both parties to hold a signing ceremony, or you can announce in the newspaper that No. 1 Enping Road has changed hands." matter."
He knew that Lin Zuhui had the ability to control the tongue, and the Li family wanted to calm things down recently, so they shouldn't continue to make trouble.
Lin Zuhui only valued profit, and naturally said happily: "This is natural! Business matters, business competition, this has always been my style."
Zheng Yutong nodded. This is true. Although this kid does things ruthlessly, he always competes in the mall!
"By the way, why did you think of the sudden investment in Xiangjiang Xingye?" Zheng Yutong asked.
At the beginning of the year, New Times exchanged 3% of the new shares of Heung Kong Industrial with less than 15 points of new shares. This made Zheng Yutong also consider it, as if this deal was good.
"Just take a gamble, the new airport should come out in the next two years, and Discovery Bay will be very profitable by then!" Lin Zuhui said generously.
There is nothing to hide about this. Although the Discovery Bay project makes money, the shares of New Era Group have increased in value. In fact, it is a beneficial cooperation for both parties.
"In that case, our new world will also consider it!"
Lin Zuhui said with a smile: "If you let Brother Chun come on stage and exchange, you can also give Brother Chun more prestige!"
Zheng Yutong has already said that he will start to retire next year (remain as the chairman of the board of directors, and let his son be the general manager), so Lin Zuhui knows.
"It makes sense, you still see far!"
The two chatted all the way, and soon arrived in Hong Kong Island. In fact, the two were able to chat, so it didn't feel like time was passing.
This time, Zheng Yutong was invited to be an intermediary, Enping Road No. 1 is expected to win, Lin Zuhui is in a very good mood, after all, a high-end commercial building of 60 square feet, not to mention playing cards with him for a few nights, just a week No problem.
Everyone plays cards to gamble, but the maximum is only a few million, no one will care!
Chapter 237 [First line and second line]
Lin Zuhui once again won the villas on the left and right sides of the Repulse Bay Road villa at a price of 8000 million, opening up three villas.
In fact, he doesn't want to spend money to buy this kind of medium-sized villa again, but he doesn't want his affairs to be peeped at; because the three villas are side by side, and Lin Zuhui's villa is in the middle, so if the pool and the lawn If you want to play, the owners of the villas on the left and right can still "peep" through the second and third floors.
However, after the opening of the three villas, it seems to be considered as a mansion like Repulse Bay No. 1, and the luxury villa will be upgraded once the grade is upgraded.Because the area of these three villas is almost the same as No. 1 Repulse Bay, the only regret is that it is a little closer to the road (about 10 meters), but the other three sides are surrounded by green trees, and there is no surrounding area. villa.
Poolside.
Lin Zuhui is taking pictures of the beauties under the tutelage of Mr. Chen. I saw Guan Jiahui, Wang Zuxian and Qiu Shuzhen all wearing swimsuits and forming a row of blooming flowers.
"I'm the least photogenic, I don't want to be in the middle!" Guan Jiahui said softly.After speaking, I wanted to change positions, but found that I was fixed.
There seems to be some truth in these words!
Guan Jiahui was rated as 'the least photogenic artist' in her previous life!
But it seems a little unreasonable. The most unphotogenic beauty was named the "No. [-] Beauty in Hong Kong" by Hong Kong media?
The same is true for Li Jiaxin. When she participated in Miss Hong Kong in her previous life, she was not rated as 'Miss Photogenic', which made her cry all night.
The two most beautiful women are both classified as "unphotogenic", but they have been successively called "the most beautiful women in Hong Kong" by Hong Kong media, which shows how beautiful they are in reality!
"You are the second wife, the three of us are the oldest, of course the one standing in the middle!" Wang Zuxian took Guan Jiahui's arm to prevent Guan Jiahui from escaping.
"Well, sister Guan should be in the middle!" Qiu Shuzhen also held Guan Jiahui's arm, not sure whether to stop it or stop it?
Guan Jiahui couldn't move, and said 'angrily': "Did you make a mistake, you just knew each other for such a short time, and you ganged up to bully me! Xiaoxian, we are good comrades in arms!"
Wang Zuxian blushed and broke Guan Jiahui's sentence.
Here, Lin Zuhui didn't intervene immediately when he saw the three women fighting. He is not a Yankee, he wants to be the world's policeman.
Instead, they turned around and walked under the awning. Wang Lingyin and Cai Ning immediately took the fruit and fed it to Lin Zuhui.
After eating a few delicious mouthfuls, Lin Zuhui turned around and shouted at the three girls who were still fighting.
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