Hong Kong's new giants

After Liang Zhenxun reported his work to him, he asked: "Boss, the current cash flow in the account continues to rise, and it has risen to 40 billion Hong Kong dollars. This is not counting the funds you allocated to purchase the land reserve. Do you arrange to pay off another 20 billion Hong Kong dollars?" reduce the debt of the group to 80 billion Hong Kong dollars?"

Regarding this question, Lin Zuhui also seriously thought about it!

In fact, New Era Group does not need to spend too much on construction costs, because Chinese Land only accounts for 3% of the equity in Citicorp Center and Central Plaza, while Hengjin Investment accounts for 5%.In this way, Hengjin investment naturally accounts for the majority of construction costs.

There are still four buildings to be rebuilt in the future, but the total construction cost is less than 20 billion. Calculated evenly over two years, the monthly construction cost is less than [-] million. For the New Times Group, there is no pressure at all.

Even if there is no non-recurring profit next year, New Times Group (excluding Hengchang Holdings) is expected to have a net profit of about 60 billion, because Lin Zuhui knows the approximate housing price next year, and also knows the approximate floor area that his company can produce next year.Therefore, he can generally roughly estimate the profitability of the next year.

Lin Zuhui asked: "Is there crude oil futures?"

Liang Zhenxun shook his head and said, "It doesn't count, I invested 1 million yuan, and now I have a net profit of 3 million yuan!"

Lin Zuhui nodded, knowing it well. It is estimated that there will be nearly 50 billion cash flow by the end of the year, plus the net profit from real estate and so on.

"Repay it! Not only will we reduce our debt holdings to 80 billion, but we will also arrange a high dividend next year!"

As a person who is familiar with Lin Zuhui, Liang Zhenxun knows that the boss may be a ulterior motive and may want to raise funds next year.This is the "financial trademark" of New Era Group. It distributes high interest rates, revaluates assets, borrows (issuing bonds), raises funds, distributes 10 billion dividends, and may need to raise 50 billion.

"Ok!"

After Liang Zhenxun left, Lin Zuhui was a little absent-minded. If it continues like this, the market value will be more than 600 billion next year, which will be almost the sum of Sun Hung Kai and Cheung Kong.

In terms of real estate development, it is one of the three major suppliers;

In terms of land reserves, it has almost caught up with Sun Hung Kai;

In terms of investment and home ownership, it has surpassed Wharf;

In terms of hotel assets, it is second only to New World Development;

In terms of comprehensive assets, it is catching up with Hutchison Whampoa;

In terms of financial investment, the profit is too much to report;

It has to be added, Lin Zuhui's personal "temperament";

Therefore, New Era Group is deeply loved by investors in the securities market.

……

Lin Zuhui brought people to the conference room of Hongkong Land Company again to discuss the transaction of No. [-] Building on Queen's Road. In essence, Hongkong Land had almost agreed to put it on the market.

If this deal is concluded, the New Era Group will be equivalent to taking over 13 property properties of Hongkong Land in these years, involving funds as high as 140 billion yuan.The 13 properties include: Harcourt Building, Royal Mansion, Land Reserve, Dilikend Court, World Trade Center Tower, seven shopping mall properties, and No. [-] Queen's Road Central.

It's unbelievable to think about it. How much money has the New Era Group made over the years?I'm afraid Lin Zuhui didn't know what he was thinking about. The assets of the New Times Group are no longer roughly estimated as they were before, and they can't be estimated at all.Assets can only be revalued through a professional third-party appraisal company.

"Mr. Lin, you have been very busy recently, and you are always on business abroad!" Simon Keswick said with a smile.

Lin Zuhui responded: "It's always a good thing to inspect overseas markets. I can't be like a frog at the bottom of a well. What do you think?"

Simon Keswick immediately said: "Since this is the case, you should consider relocating, which will make it easier to do global business."

Although the two were good friends, Lin Zuhui scolded Simon Keswick in his heart.

Lin Zuhui seems to remember that the Hang Seng Index in his previous life rose to 1993 points at the end of 11000, and 12000 points at the beginning of the next year; and then in 1994, because of Fei Peng’s incident, Jardine’s cancellation of Heung Kong’s listing status, and the accumulation of a large number of profit margins, etc. Due to comprehensive reasons, the result was a sharp drop of 37% in one year, and it was only more than 8000 points at the end of the year.

Of course, without a sharp drop, Lin Zuhui would not be able to reap wealth, to be honest.

Regarding Ximen's proposal to relocate, Lin Zuhui said calmly: "Xiangjiang is very good. It can do business not only overseas, but also in the mainland. The most important thing is that it can do business in Hong Kong. Mr. Ximen, I believe that one day Hongkong will be able to do business again. Returning to Xiangjiang!"

Simon Keswick was stunned for a moment, and could only say: "We have never given up on Xiangjiang, but we have just globalized asset allocation!"

"Maybe it's a good thing!"

"Of course!"

After a while of 'persuading each other', the two finally sat down and started talking about business.

Lin Zuhui insisted on 30 billion, which made Simon Keswick know that it was time to close the deal.As far as the current market is concerned, this price is already a [-]% premium, which is quite attractive.

Of course, if the price was not right, Ximen thought that he would not sell this Central building cheaply anyway.This is a building in Central. It may be sold at a high price after a few years, and rents can be collected during the period.

Simon Keswick said: "Okay, we accept this price! You are optimistic about the prospects of the office building, and we will also get a certain premium, a win-win cooperation!"

Lin Zuhui nodded, and then said: "Mr. Ximen, since No. [-] Queen's Road will not be completed until the end of next year, so this time we hope to pay in six monthly installments, and we will pay the interest generated during the period as usual!"

This request is very reasonable, and there is a tradition of this kind of transaction in large properties.

However, Lin Zuhui, who has always been straightforward, now actually pays in installments, which makes Simon Keswick suspect that the cash flow of New Times Group is not high.Of course, no matter how high the money is, it is nothing for a large company.

"No problem!" Keswick still readily agreed.

When the two parties agree on the signing date, the deal will be concluded.

In this building, Lin Zuhui plans to let Hengjin Real Estate and Huaren Real Estate each hold 15% of the equity, which means each needs to spend [-] billion.The reason why Lin Zuhui wanted to pay in installments was because he planned to make a fortune on the Hang Seng Index futures.

At the beginning of next year, the Hang Seng Index is estimated to be around 3000 to 3100 points, but by the end of April, it will definitely be around 3600 points.Because, once the United States sends troops to fight Iraq, it only needs to report some news that the United States is superior, and the Hong Kong stock market will start to climb all the way.

To put it bluntly, real estate is "should not fall", and the stock market is sideways, all of which are waiting for the progress of the war in the Middle East.It is also enough to prove that Xiangjiang's stock market and prefectural cities are very affected by the general environment.

As Hengjin Real Estate has more and more rental properties, the rent generated every year in the future will not only be enough for Lin Zuhui to be chic, but also start buying assets for overseas fairies.

Because of this, Lin Zuhui spared no effort to purchase assets, which fell under the name of Hengjin Real Estate.In the future, Hengjin Real Estate's funds can also be injected into the family office in installments.

Back at Hengjin Investment, Lin Zuhui called Li Hao, who was still the president.

"Allow Hengjin to invest 10 billion Hong Kong dollars from the account, and you will need to pay a property fee later!"

At present, Lin Zuhui's small treasury is actually still in Hengjin's investment account, but it is just a few separate accounts.

This investment in Citibank cost 16 billion Hong Kong dollars, all of which were loans, because Lin Zuhui felt that he had to ensure sufficient cash flow; in addition, investing in Citibank was too profitable, and there was no need to consider interest at all.

"Okay, I'm ready to arrange!"

Lin Zuhui estimated that he would have to earn another 10 billion from shorting crude oil futures this time, just to offset this account, and his small coffers still had more than 50 billion in cash.

As for why 10 billion was allocated instead of 15 billion, because the remaining 5 million must be earned on the futures index.

In this way, Lin Zuhui finally didn't feel bad about buying properties at a premium.

In fact, he did not buy at a premium, and Hongkong Land would never sell it, because this is a high-quality building in Central; even though Hongkong Land is in a hurry to evacuate Heungkong, he also knows that Heungkong has a cycle, and it is inevitable to sell it when the real estate market is good.

Therefore, Lin Zuhui paid a [-]% to [-]% premium, and waited for several months. During this period, the incident of "Iraq's invasion of Kuwait" has passed, which led to Landmark's determination to sell.

If it is really discussed after the opening of the mainland, I am afraid that it will cost more than 36 billion!

Chapter 377 [Reward 3000 million! 】

When the transaction between New Times Group and Hongkong Land was disclosed, Hong Kong media reported it one after another.

Over the years, there has never been a major real estate company buying rental properties so frantically, because it would take up too much money.Theoretically, it takes 10 years for investment properties to return to capital, while it only takes 3 years for development properties. If a company takes too large a proportion of investment properties before it develops, it will greatly affect the company's development.

For example: New World Development, because it puts too much emphasis on rental properties (including hotels), it has insufficient land reserves.

Taking Cheung Kong as an example, the annual rent accounted for less than 15%, and many of the developed commercial buildings and shopping malls were sold by Changshi.

Just when investors were talking about it, New Era Group announced that it would reduce its debt holdings by another 20 billion yuan, leaving the remaining 80 billion yuan in debt.

This caused many reporters to seek interviews from Chen Bin, general manager of New Era Group.

Because New Era Group requires financial transparency to facilitate fundraising from investors, it has always been relatively open. Chen Bin also accepted an interview from a media.

Reporter: "As far as we know, the highest debt of New Era Group this year is 150 billion, and now it has reduced its holdings to 80 billion. How did New Era Group do it?"

Chen Bin: "Normal profits, rights issue fundraising, and the sale of some equity have brought a lot of cash to the company. We are still in the financial market and have made a lot of gains, so the funds are very sufficient."

Reporter: "How many gains have the financial markets made?"

Chen Bin: "Currently there are still investments, but more than 20 billion financial gains have been confirmed!"

Reporter: "In other words, there may be 30 billion?"

Chen Bin: "Well, almost."

Reporter: "As a comprehensive real estate group, is it too risky to invest in financial products?"

Chen Bin: "Everyone has invested, and our investment is very small, but the rate of return is too high, such as this crude oil futures. Of course, we accept this kind of criticism, so we will try to reduce this risk in the future invest."

Reporter: "I don't mean that! Investors in New Era Group are very keen on the company's investment in financial products. This is a survey we have done. They probably think that there is a 'stock god' Mr. Lin Zuhui as the leader."

Chen Bin: "In any case, New Era Group has become a comprehensive group with a net asset value of more than 700 billion. Reducing risky investment has become our company's general policy. As far as the current situation is concerned, the cash flow of New Era Group It is very sufficient, and there is no need to invest in too many financial products."

The reporter felt that he would be scolded. Unlike other companies, investors in New Era Group hoped that the stock gods would invest with the company.

Although the reporter is also a reporter under Wanhui Media, because Lin Zuhui generally does not interfere with the freedom of the press, he will be very sharp in interviews.

Reporter: "Is it reasonable for Chinese Real Estate to purchase rental properties while selling them to major shareholders?"

Chen Bin: "Very reasonable! First of all, New Times Group needs to reduce its debts reasonably, otherwise the interest will eat up a lot of profits; secondly, Chinese Land has made a lot of profits from the sale of these properties, such as Harcourt Building and Royal Mansion. More than 5%. Finally, the office market has declined, so the company can only adjust by reducing its equity holdings."

Reporter: "Okay, thank you for the interview!"

Chen Bin: "You have worked hard!"

When the news of Chen Bin's interview came out, the stock of New Era Group immediately rose and broke through the 500 billion mark.

……

In late November, Li Jiaxin gave birth to a son, which made Lin Zuhui even more happy. Now he has six sons and two daughters, and the family is expected to prosper from generation to generation.

For Lin Zuhui, he wants to create his own two generations of contacts accumulated by others for three or four generations.Except for Wang Lingyin's lineage, the rest will be arranged abroad.

As for whether there will be turmoil in the family, Lin Zuhui said:

First, the children may not live as long as him, his body is really good;

Second, with the assistance of the family office, the family office will have great authority after his death;

Third, the family council may form a consensus when it is external. If it is in a mess, it can only be managed honestly by the management of the family office.

In the VIP delivery room of the hospital, Lin Zuhui hugged his son, admiringly.

Li Jiaxin, who was lying on the bed, looked at the father and son contentedly. She didn't want to give birth too early, but she also understood that only with children can she get more assets.In addition, although she is confident and beautiful, but this man's conditions are too good, it's better to be on the safe side.

Wu Guofang and Li Jiaming also looked at Lin Zuhui and his son with smiles on their faces. This is a good thing!

"Since Zu Hui likes children so much, Jiaxin will work harder in the future to try to have more children!" Wu Guofang said with a smile.She has also heard from her daughter that Lin Zuhui wants to earn 100 billion in assets for each woman.So she thought, will having more children get more wealth?

Lin Zuhui immediately said: "How can I do that, it will hurt my body more, two is enough. Besides, I have to wait until Jiaxin is 30 years old!" After speaking, he did not forget to appease Li Jiaxin who was lying on the bed a little 'scared'.

Li Jiaxin was very satisfied immediately, her man would love others, but he was a little flirtatious.

Wu Guofang immediately understood that this son-in-law also cared about his daughter's beauty, and quickly said, "Yes, it's because I didn't think carefully!"

After finishing speaking, she couldn't help but want to come and hug her grandson, Lin Zuhui readily handed it to her.

Lin Zuhui said to Li Jiaxin: "Is there anything you want?"

Li Jiaxin hesitated for a moment, and tried to ask: "I want to buy a mountaintop villa, or a single villa with no buildings around, is that okay?"

Lin Zuhui smiled. At present, the fairies assigned to this type of villas are: Guan Jiahui's No. 1 Baijia Road, Wang Zuxian's No. 20 Shixun Road, Cai Ning's Repulse Bay No. 4, and Lin Zixia's Shouson Hill Villa.

Qiu Shuzhen, Li Jiaxin, and Li Zi, the villas of the three are townhouses.

Lin Zuhui smiled and said: "I have prepared such a villa for you all, and put it in my place. But, it will take a few years to give it to you! But, this time you have made a contribution, I am very satisfied, and I will reward you with 3000 million yuan cash."

Li Jiaxin was not disappointed, but said happily: "You really bought it for me?"

Lin Zuhui said: "Let me tell you clearly, I have reserved the executive house of Standard Chartered Bank at No. 36 Shi Xun Road for you. However, it is not suitable to move in now. I am worried that your mother and son will be targeted by others. I've rebuilt it, and I'll pass it on to you!"

At present, Lin Zuhui has two villas under construction, one is Deep Water Bay No. 75, which has entered the end of decoration; the other is Shek O Grand Villa, which will be completed in about three years.

There is also HSBC's Taipan House "Yunfengju". Considering the problem of Fengshui, Lin Zuhui plans to enter the reconstruction process in the mid-90s. At that time, the luxury villa with an area of ​​up to 4.4 square feet will become the top five luxury villas in Xiangjiang. .

Of course, these three buildings will definitely not be given away, they will stay in the main family.

Li Jiaxin nodded happily immediately, Wu Guofang and Li Jiaming were even more surprised than Li Jiaxin in the back.They know that Li Jiaxin still has residential properties worth more than 2 million yuan, a villa in Repulse Bay and London, a 3% stake in LEIT Group, countless jewelry, and a net worth of [-] million yuan.

Lin Zuhui added: "Give you 3000 million in cash, do you want me to give you some advice on investing, so that money can make money?"

Li Jiaxin immediately took Lin Zuhui's hand, and said coquettishly, "Yes, I want it!"

Lin Zuhui patted her hand with a smile, and said, "Okay! But, everything will have to wait for you to finish your confinement. During this period, you can honestly rest at home. Understand?"

Li Jiaxin nodded like a chicken pecking at rice, and said: "Well, I am the most obedient!" Time has smoothed out this woman's savagery and self-willedness, and now all that is left is to be intoxicated under Lin Zuhui's stalwart body, no, it should be Indulge in the 'money game'.

Lin Zuhui found that if he directly gave 1 million to a fairy, the effect achieved would be far worse than giving them 5000 million, and then teaching them to invest, earning another 5000 million.

Real estate speculation and stock speculation are simply the things Xiangjiang people love to do most, and they are very addictive!

In addition, everyone is also keen to speculate: club cards, taxi cards, stamps, magnetic cards...

Speculation is pervasive in society, and citizens generally have three mentalities:

First, they are not doing their job properly, thinking that real estate speculation is better than part-time jobs, and they can earn 20 million yuan as soon as they change hands;