Hong Kong's new giants

The key to the acquisition of Hengchang Enterprises is to bid high!

Of course, you can't bid too much, otherwise it won't be a good deal.

So, he needs a helper.

"Dong Dong" knocked on the door.

Liang Zhenxun came to Lin Zuhui's office and said respectfully, "Boss!"

"Well, sit first!"

After sitting down, Li Ke poured tea, and Liang Zhenxun began to seriously report on his work.

All aspects are within Lin Zuhui's expectations, after all, Lin Zuhui's brain has already planned the route for New Era Group.

After reporting the work, Lin Zuhui said: "Next, you plan to raise funds through a rights issue, and try to complete it this month. Ten shares for one share, conservative rights issue to raise funds of 38 billion!"

Liang Zhenxun was a little surprised. The New Era Group has sufficient cash, with more than 20 billion; the debt ratio is not too high, with a debt of 120 billion, and the debt ratio is just over [-]%.

"New Era Group is highly respected now. Investors praise you, boss, as the best chairman of Xiangjiang. The stock price is expected to skyrocket!"

This is actually true. As Lin Zuhui developed New Times Group's retail, communication, port and other businesses, all investors saw a new Cheung Kong Group, namely Cheung Kong Group and Hutchison Whampoa.

The important thing is that the New Times Group has made great financial gains every year, and the name of Lin Zuhui, the "stock god", has also spread.

Therefore, according to the current rising trend, it is possible for the market value of New Era Group to rise to 8 billion before August.

"Then hurry up and make preparations, take advantage of this wave of market conditions, and raise a large amount of funds, I will still fully issue the rights issue!" Lin Zuhui said.

As long as he fully rights issue, it is equivalent to solving half of the rights issue, and the pressure will be greatly reduced immediately.

in the afternoon.

Liang Botao came to his office, Lin Zuhui accompanied him to drink tea on the sofa.

"I heard that you are very popular in the UK, no less than a Hollywood star!" Liang Botao said with a smile.Of course he knows the reasons for this popularity. Wealth is an important reason, and the other reason is that it is too legendary-25-year-old self-made to become the second richest Chinese.

Lin Zuhui joked about himself: "I didn't give me any preferential treatment, so it can be seen that the British are only interested in my money!"

Liang Botao smiled, this man saw very clearly that the economy in Europe and the United States has not been good for the past two years, so naturally they very much hope that the Chinese will invest.

Closer to home, Lin Zuhui said: "I want to buy Hengchang Enterprise!"

Liang Botao was taken aback, thought for a moment and said: "To acquire Hengchang Enterprise, it is best if He Shanheng intends to sell it. Although he only holds 30% of the shares, he has a high prestige in Hong Kong and has many supporters."

He Shanheng is 90 years old this year and is still the chairman of the board of directors of Hengchang Enterprises.He became famous very early. In the late 40s, He Shanheng was the big dealer in Xiangjiang's gold speculation.Later, he founded Hang Seng Bank with Lin Bingyan, He Tian and others.He Shanheng has supported many people, it can be said that he is Cheng Yutong's benefactor, and Lee Shau Kee was also supported by Hang Seng Bank, so his connections are naturally vast.

Lin Zuhui also knew that He Shanheng intended to release the market. After the sharp drop last year, the trade of Xiangjiang was affected, and Hengchang Enterprises mainly engaged in the trade of automobiles, grain and oil.Especially if the "Iraq invasion of Kuwait" incident breaks out, Hengchang Enterprises needs to consider the possibility that the car will not be sold due to the high oil price.

Lin Zuhui said: "Naturally, it's a bona fide acquisition, and it's not a listed company. It's not very manipulative. He Shanheng really can't be offended, so I called you here to collect information first, and then we can discuss the specific acquisition plan."

Liang Botao nodded and said, "I'll prepare the materials for you right away!"

……

three days later.

Lin Zuhui got the information collected by Liang Botao. He is indeed the most famous investment banker in Hong Kong.In fact, if there is an important shareholder of a company in the market who intends to list, the first to know is usually securities companies and investment bankers. These financial companies not only know about Xiangjiang, but are also very well informed about overseas news.

Although Hengjin Investment is also a financial company, because it is a private company and basically does not have many partners, it is still far behind companies like Sun Hung Kai and Peregrine in terms of well-informed information.

Seeing the information about 'Hengchang Enterprise', Lin Zuhui's eyes became hot.

[In 1946, He Shanheng, Liang Qiuju, He Tian, ​​Lin Bingyan and others established Dachang Trading Co., Ltd., which was the predecessor of Hengchang Enterprise.Dah Chong Hong is mainly an agent of rice and peanut oil. After decades of development, Dah Chong Hong has become a large comprehensive trading company in Hong Kong.

Hengchang Enterprises is the holding company of Dachang. Both Hengchang and Dachang are not listed, but their scale and profitability are by no means inferior to blue chip companies.

In addition to the traditional grain and oil trade, Dachang also acts as an agent for Shiseido cosmetics; acts as an agent for several brands of home appliances and audio such as Golden Throat, Sapphire, Gold Medal, Fuji, and TEAC First Audio; distributes ceramic tiles, marble, cement, hardware, sanitary ware, kitchen Cabinets and other building materials; Acting for Honda, Nissan, Dabaoli, Isuzu and other famous Nissan cars; owns Taiping Advertising, Shiya Tailor, Dachang Warehouse, Dachang Truck Team, Dachang Automobile Service (Maintenance) Center, Lishi Automobile Engineering, etc. Subsidiary company.

Dachang Trading is the most eye-catching in terms of automobile trade. It owns 7 automobile dealers, accounting for about 4% of the total automobile sales in Hong Kong.Dachang also owns a number of properties, among which Hengchang Building, located in Queen's Road Central, is worth more than 9 million. In 1989, DCH's turnover reached HK$100.1 billion and its net profit was HK$10.22 billion.Compared with the 35 Hang Seng Index constituent stocks (blue chip stocks) in the same year, Dachang can be ranked 20th, second only to the 19th New World Development (11.8 billion Hong Kong dollars).

If Dachang or Hengchang go public, their market capitalization and profit can rank among the top 20 listed companies, and it is no problem to become a blue chip stock. 】

[Hengchang’s major shareholder is the founder of Hengchang. According to market estimates, their direct and indirect control of shares are: He Shanheng 30%, Liang Qiuju 25%, Lin Bingyan’s family 20%, He Tim 15%, In addition, Li Quowei holds nearly 1%.There are as many as 500 minority shareholders, all of whom are ceded by the main power holders of the company to relatives, friends and colleagues, with the nature of "gifts".Hengchang Enterprises holds Dah Chong Hong, and Hengchang Enterprises has 2100 million shares (unlisted). 】

in the office.

Lin Zuhui said to Liang Botao: "It's a pity that I don't know the cash flow in Hengchang Enterprise's account, how much is it?"

With no debt and such a high annual net profit, there must be more than 10 billion cash in the account. This is Lin Zuhui's guess.Because the shares are not owned by one person, and dividends also need to be done in a business-like manner, it is impossible not to keep cash in the account.

Liang Botao said: "There is no way to know the cash in the account, but I know that Hengchang Enterprises has some shares of Hang Seng Bank. All along, HSBC has deliberately weakened the intention of holding shares by the veterans of Hang Seng Bank. I believe that HSBC knows that we have acquired Hengchang Enterprises. , will be happy to lend us a loan.”

Lin Zuhui nodded. Hang Seng Bank was HSBC's biggest rival back then, but it suffered a bank run and HSBC took 51% of its shares.Of course, it was considered a good intention acquisition. Only four directors were appointed, and there was no interference with the management of Hang Seng Bank.However, HSBC increased its shareholding to 61% in order to prevent the Hang Seng veterans from getting it back, causing a rift between the two parties.

Although HSBC holds 61%, it still wants to weaken the shares of Hang Seng veterans, after all, they are also shareholders.

"We don't have to worry about funds. The New Era Group and I have sufficient cash. As long as the conditions are negotiated, some banks are willing to lend part of the funds." Lin Zuhui said calmly.

Liang Botao was not surprised, he guessed that Lin Zuhui's personal wealth must be very rich.

"Hengchang Enterprise has 2100 million shares, and I suggest a price of 270 yuan per share, involving 56.7 billion funds!" Liang Botao said.

If Lin Zuhui wasn't a traveler, he would have agreed to this suggestion.But he knew that it was absolutely impossible to be acquired at this price, and it would cause He Shanheng's dissatisfaction instead.

Although he couldn't remember what price Huaxin paid for it in his previous life, he knew it must have been more than 300 yuan.Moreover, Hengchang Bank's annual profit is just over 10 billion. If it is re-opened, the profit will be even higher immediately.

The important thing is that if Hengchanghang is won, Lin Zuhui is equivalent to owning a large trading company.The development of the Chinese Medicine Port requires trade talents to go to Europe and the United States for sales.

Therefore, Lin Zuhui resolutely said: "No, this price is not attractive!" After speaking, he thought again.

He felt that he only had one chance, and the bid must not give Zheng Yutong, Mr. Rong and others a chance.Because he was not familiar with He Shanheng, he had to impress him with a high price.Once other consortiums are given room to bid, Lin Zuhui will become passive.

Moreover, a high price acquisition is a good faith acquisition and will never offend anyone.

Hengchang Enterprises has an annual profit of 10 billion yuan, has dozens of properties overseas and in Hong Kong, the value is estimated to be several billion, and that huge trading business.

"310 Hong Kong dollars per share! This quotation is the only one!" Lin Zuhui said resolutely.

Liang Botao was taken aback, and said, "65 billion funds!"

Lin Zuhui nodded and said, "Not bad! Even with this offer, there is still a lot of room for negotiation, but there is no room for possible participation in the consortium. I think it is worth it!"

Not to mention the large property assets of Hengchang Enterprises, but only to talk about its trading business. Once it is re-opened, he will pay back its capital in five or six years at most.The important thing is that Hengchang Enterprise involves his two layouts, plus Zheng Yutong and Mr. Rong are eyeing up.

"Okay, I'll prepare the materials right away, and then we'll go straight to Hengchang Enterprise!" Liang Botao also believed in Lin Zuhui's vision, because Lin Zuhui had never bought expensive.

……

After the slump last year, Xiangjiang Trading was affected. At the age of 90, He Shanheng decided to retire. He is the chairman of Hengchang Enterprises and a major shareholder of Dachang.In traditional Chinese families, it is only natural for the son to inherit the father's business.He Shanheng has 13 children, none of them intend to inherit his father's business. The eldest son, Ho Zimao, is past retirement age. He is planning to emigrate to Canada, and he has no intention of even being attached to Hong Kong.

Liang Qiuju served as the deputy executive chairman of Dachang and the general manager of Hengchang.The Liang family has no children, lost his wife in recent years, and his interest has declined.Leung is also 88 years old and looks forward to enjoying the rest of his life.

He Tim is even more keen on stocking up the market, so he can get by with cash.

In addition to the above three major shareholders, Hengchang Enterprises also has a major shareholder, the Lin Bingyan family, which accounts for 20% of the shares.

Lin Bingyan was a rich Shanghai businessman who came to Hong Kong to develop. It was he who did not dislike the frustrated He Shanheng at that time. In 1933, he co-founded Hang Seng Bank with He Shanheng, Liang Zhiwei and Sheng Chunlin.Lin Bingyan took the lead, and the other three assisted. In 1949, Hang Seng Bank had become a major bank account in Hong Kong, but Lin Bingyan passed away in this year.Afterwards, Ho Sin-hang was in charge, and the bank was officially renamed as Hang Seng Bank in early 1960.He Shanheng appreciated Bing Ge's great kindness, and took good care of Bing Ge's son, Lin Xiufeng, and accepted him as a friendly son.

In 1978, Jiayi TV, which Lin Xiurong and Lin Xiufeng participated in the investment and management, was heavily in debt and was forced to stop broadcasting; in 1981, the Lin brothers participated in the case of Carrian's sale of the Bank of America Building and were sued by the government.The Lin brothers had to be rescued by He Shanheng several times.He Shanheng once said in public: "As long as I have one day, I will not let Bingo's descendants get into trouble."

Although the Lin brothers have the support of this great uncle in the Hong Kong business world, the vicissitudes of time have passed, and the Lin family has long since lost its glory.

Lin Xiufeng has a close relationship with the He family and often travels around.He Shanheng wanted to release the listing, he naturally felt it, so his heart became hot, the Lin family was in decline, and he was hoping for a large company to support ZTE.

However, He Shanheng has to figure out whether he intends to release the offer or not, otherwise he will easily become a villain who repays his kindness with revenge. After all, Uncle Shi has kindness to his brothers.

As a result, Lin Xiufeng went to He's house more frequently, and finally found out the real news about Uncle Shi's listing.

However, with the financial resources of the Lin family, no matter what, they couldn't chew on this giant.He thought of Zheng Yutong, a tycoon in the business world. With the special relationship between the Zheng family and He Shanheng, it is easy to get He Shanheng's support for the agreed acquisition.

His family owns 20% of the shares. As long as he gets the car agency right, he doesn't need any overseas properties, grain and oil business, etc. The Lin family doesn't need to pay cash.

Deboning!

Chapter 356 [Signal of heartbeat]

But Lin Xiufeng also got the news that He Shanheng intends to release the market, but Lin Bingyan's family has almost no strength (no capital), and the only advantage is that he owns 20% of Hengchang Enterprises.

Therefore, he first thought of Zheng Yutong, who had a close relationship with He Shanheng, and then he thought of Xu Zhantang, an upstart in the business world.

Ever since, he invited the two to conspire together.

The three of them gathered in a private room of a teahouse, and Lin Xiufeng talked about Hengchang Enterprise.

Zheng Yutong was very enthusiastic at first. Although he has retired and returned home to raise his grandchildren, he is actually busier than ever. This year he even went to the mainland for inspection.

Zheng Yutong said: "The acquisition of Hengchang Enterprise requires at least 50 billion or more funds. If we intend to form an alliance to acquire, we have to find a bank to provide a loan to be successful!"

Although the Zheng family is a wealthy man in Xiangjiang, it is absolutely impossible for him to come up with billions in cash flow.It can be said bluntly that none of the rich men in Hong Kong can give half of Lin Zuhui's cash.

Lin Xiufeng and Xu Zhantang nodded, but they still looked at Zheng Yutong, thinking to themselves, you wouldn't count on us two, would you?

Seeing this, Zheng Yutong didn't turn a corner, and said, "HSBC is the director of our New World Development, and I can persuade HSBC to provide a loan for this acquisition! However, how will the shares of the three of us be divided?" After finishing speaking, he looked at Lin Xiufeng.

Lin Xiufeng is the initiator of this acquisition, so he was naturally prepared. He said: "The share distribution is that Chow Tai Fook, who represents the interests of the Zheng family, will account for 65%, Beihai Industry, which represents the interests of brother Xu, will account for 10%; Bai Ningshun, who represents the interests of the Lin family Accounting for 25%. Of course, because we own 20% of Hengchang Enterprises, our family does not need cash to invest in the shares!"

Zheng Yutong suddenly felt happy because he was the one who came to hold the banner.

"agree"

"I agree"

Soon the three reached an agreement and immediately contacted HSBC.

For such a huge loan matter, HSBC Bank also stated its own conditions: the acquisition is successful, that is, part of Hengchang's assets will be sold off, cash back, and part of the loan will be repaid.

The first thought of the three heads of the combination was to remove Hengchang's overseas assets.The next thing I thought of was that the bones had already been dismantled, and I simply dismantled them to the end—cut Hengchang's corpse into three pieces.After the dismantling of the bones, Zheng Yutong's Chow Tai Fook and New World acquired Hengchang's properties; the Lin brothers controlled Dachang's automobile agency rights; Xu Zhantang acquired the trading business such as grain and oil.

Although their idea is good, in fact, it is almost impossible to succeed.

Moreover, the New Era Group has already acted!

……

Friday, April 6.

Lin Zuhui decided to acquire Hengchang Enterprise, but it was only the fifth day, and he was already planning to go to Hengchang Building, the headquarters of Hengchang Enterprise, to meet with He Shanheng.

Thinking about other people's acquisitions, and then looking at Lin Zuhui's acquisitions, it is exactly in response to that sentence - fast, ruthless, and accurate.

As far as Lin Zuhui knew, it took a full year for Lin Xiufeng, Zheng Yutong, and Xu Zhantang to form a consortium to acquire Hengchang Enterprise in the previous life, and it has not yet been successful.

And Lin Zuhui believes that within two months at most, either He Shanheng will close the door, or he will give up the acquisition.

In this regard, Li Cucumber is somewhat similar to Lin Zuhui, but his bid is not as straightforward as Lin Zuhui's.

Of course, the reason why Lin Zuhui was 'quick and ruthless' was because he was robbing food, and he couldn't do it if he didn't 'quick and ruthless'!

What's more, he understands the general trend, as long as he doesn't lose money or go too far, he can accept it.

Lin Zuhui and Liang Botao visited He Shanheng of Hengchang Enterprise, and probably guessed what they wanted, so He Shanheng pulled He Tian and Liang Qiuju together to receive them.

After being polite, Lin Zuhui looked at the three 90-[-]-year-olds and said with a smile: "The three seniors are really good at predicting things. It seems that they have guessed our purpose!"

He Shanheng also showed a smile on his face, and said kindly: "You are a new rich man in Xiangjiang, and you started your business through acquisitions; But I'm curious, why did Lin Sheng think of acquiring Hengchang Enterprise?"

He didn't ask Lin Zuhui how he knew that he intended to release the market, because he didn't want Lin Zuhui to take the lead, and he was the one who became mature.

However, Lin Zuhui is an upright acquisition, so he doesn't need to think so much!

"To tell you the truth, I guessed it! In Hengchang Enterprise, there are no capable younger generations of the three old gentlemen to lead the army, so I plan to try!"

He Shanheng nodded, and said, "That's a point of view! There is no successor!"

Liang Botao immediately said: "He Sheng is serious. It should be said that everyone has their own ideas, and the capable ones are not here!"

After resolving the slight embarrassment, Lin Zuhui nodded inwardly to Liang Botao.

He Tian said, "Why is Lin Sheng optimistic about Hengchang Enterprise?"

But it was setting Lin Zuhui a trap, and He Tian was probably the one of the three who most wanted to sell stocks, and most wanted to cash out.In this way, it is just hoping to sell at a high price.Moreover, there is no intention to sell it.

Three old men!

But fortunately, who doesn't want to sell at a high price!

As long as their children become famous, they will not "give away" the family business.

Lin Zuhui said with a smile: "I want to dabble in trade, and Hengchang Enterprise is a trade giant, so I am naturally happy to see it."

He is also not considered weak, and his speech can be considered watertight.

Of course, he is asking for a purchase now, so he can't annoy others too much. Lin Zuhui gave Liang Botao a look.

Liang Botao immediately said: "We came here with sincerity. New Times Group is willing to pay 310 yuan per share to acquire Hengchang Enterprise, which involves about 65 billion yuan of funds."