Hong Kong's new giants
Page 30
Since 1983, the Xiangjiang real estate market has fallen into a low ebb. Under the overthrow of the nest, New Times Real Estate cannot be alone, and its performance has suffered serious losses.
As of March 1985, New Era had given up many properties and several sites in the real estate crisis. The cumulative loss had reached 3 million yuan, and the shareholders' funds had been reduced to 1 million yuan. It also faced the crisis of creditors applying for liquidation.
At present, the asset value of New Era Real Estate is 1.6 million yuan, and the property value is more than 1.5 million yuan, accounting for 95% of the total assets; the external liabilities are about 1.1 million yuan, and the capital turnover is under pressure. 】
Lin Zuhui has been paying attention to this company, and asked Fang Jin and Wang Qilin to contact him!
Once Huang Qianheng is willing to sell, he will take over the mess.Don't look at such a company that is still losing money, but as long as you inject a sum of cash into it, and wait for the real estate to rise, everything can be solved easily.
After hanging up the phone, Wang Qilin said sadly: "Zu Hui, you are sure you can save New Era Real Estate. With your little assets, you need to buy the shares of major shareholders and solve the company's current difficulties. I'm afraid it won't work!"
Indeed, it would cost 8000 million yuan for the 2500 million shares in Huang Qianheng's hands alone. Lin Zuhui withdrew the money from the stock market, only 4000 million yuan, and there was nothing he could do about the remaining 1500 million shares.Fang Jin can borrow 700 million from there to make up 2200 million.
In order to reorganize the real estate assets in the new era and revive the company, Lin Zuhui deliberately calculated that it needs to inject 4000 million yuan to pay off part of the debt and stabilize the bondholders.
"Uncle Wang, I have thought of a way! That is, after I become a major shareholder, I will immediately start asset reorganization, and then issue warrants; I only need to inject another 4000 million from the outside to save the company, and I can still raise 2200 million. Wan, so I hope to form a company with you, and you contribute another 1800 million yuan, and I will redeem the warrants you get in installments. Don’t worry, I guarantee that you will not lose money on this investment.”
A warrant is equivalent to "a contract". Of course, this contract is purchased with money. With this contract, you can buy the company's stock at the time and price specified in the contract.
The warrants themselves have value and can be traded, so Wang Qilin's warrants will be sold to himself in installments.
Wang Qilin agreed heartily: "No problem! I believe in your ability, and this investment will not lose money!"
It is good to have a backer, and if you have insufficient funds, find a backer!
In his previous life, Yu Pinhai obtained the consent of Mr. Jin Yong to purchase 50% of the shares of Ming Pao Group from Jin and Shen, and paid 4.53 million Hong Kong dollars in cash.Yu Pinhai has so much money, he knows that the old man "loves him like a son", so he played a digital game; he first formed a company with the old man, and the old man offered 1.8 million in exchange for 40% of the shares, and then persuaded the old man to spend 1.6 million to buy 50% of his shares in Nanhai Development; in this way, the old man needs to pay 3.4 million Hong Kong dollars, which happens to cover Yu Pinhai’s account for buying Ming Pao Group, and Yu Pinhai then borrowed 1.13 million Hong Kong dollars through the bank; In this way, Yu Pinhai won the Ming Pao Group with a market value of nearly 10 billion at a very small price.Mr. Jin only received more than 1 million yuan, and then sold Xiangjiang's second largest newspaper group to his "godson".
As for the old man, he still has a 25% stake in "Ming Pao", which is also divided into 5 phases and transferred to Yu Pinhai.
Although Lin Zuhui is suspected of learning from Pinhai, he will not let Wang Qilin suffer, because New Era Real Estate is not owned by Wang Qilin, and once the debt of New Era Real Estate is reduced, and the real estate rises, it will be a very high-quality real estate The company, the return on warrants is also quite good.
Chapter 58 【Finalize the listed company】
In a luxurious box, Lin Zuhui was the host, and hosted a banquet for Huang Qianheng from New Era Real Estate, Wang Qilin from Gaosheng Real Estate, and Fang Jin from Great Wisdom Investment.
Wang Qilin was the middleman of this gathering, the purpose of which was to match Lin Zuhui to buy the shares of New Era Real Estate from Huang Qianheng.Fang Jin came to accompany him, so of course he was needed to help him.
At this time, Lin Zuhui had 4000 million stocks in his hands (excluding funds in the foreign exchange market), but he was no longer willing to speculate in stocks anymore, because he would earn too little.
He is more familiar with the operating methods of some securities markets, and is more suitable to be a banker.
Huang Qianheng knew what Lin Zuhui meant, secretly thinking that Lin Zuhui was a little fox.It turned out that the stock market began to fall in March, and it fell from 20 points to 1430 points in less than 1330 days; and the stock of New Times Real Estate had already risen to 0.35 yuan, but now it fell to 0.28 yuan.
In January, Hutchison Whampoa under Li Chaoren acquired Hong Kong Electric Group, driving the entire market from 1200 points to 1370 points;
In February, the market was sluggish, but the Wheelock battle broke out, and the Hang Seng Index climbed to 1430 points;
In March, there was no good news, so a wave of adjustments was naturally needed.
Huang Qianheng said with a smile: "Lin Sheng, how old are you this year? You are so eager to become the chairman of a listed company. You must know that there is no chairman of a listed company under the age of 30 in Xiangjiang!"
He did have the idea of fading out of New Era Real Estate, because the company continued to lose money and was in danger of liquidation at any time; but when he thought of such a young person coming to talk to him about acquisitions, he felt a little 'children'.
Lin Zuhui said confidently: "I am 20 years old (false years old). Although I am a little younger, I feel that the market is full of strength. Since I have the strength to be a listed company, why not try it; even if it fails, I will So young and plenty of time to make a comeback."
In short, youth is also capital.
Wang Qilin said at this time: "Brother Huang, Zu Hui is my nephew, I know him well. Let me introduce to you how he made his fortune..."
The case of Gaosheng Real Estate's 'backdoor listing', the case of speculation in Wheelock stock, the case of speculation in conglomerate stock, the success of "FHM" magazine, Wang Qilin introduced Lin Zuhui seriously, and expressed his appreciation in words.
Now it was Huang Qianheng's turn to be surprised, and he couldn't help but said, "In more than half a year, you started from scratch and earned tens of millions?"
Lin Zuhui was humble yet confident, and said: "Xiangjiang is a place where miracles are prone to happen. To tell the truth, Huang Sheng, when we invested in Dazhizhi, we were almost penniless except for renting an office building, and there were only two of us as employees. Personally. It was Uncle Wang who gave us a deposit of 100 million, and we contacted lawyers, auditors, and finance, and set up a team like this. Fortunately, Gaosheng Real Estate has successfully 'backdoor listed'."
Wang Qilin joked with a smile: "I was deceived by them, thinking it was an authentic company! Of course, their ideas are really good, and I am willing to pay for it."
Huang Qianheng fell silent, Lin Zuhui didn't urge him, but toasted, ate, and chatted.
Lin: "Many companies are relocating now. These people don't know what to think. It's not appropriate to leave a good Huaxia company. If you want to be an offshore company, you're not afraid of getting settled in the future."
Wang: "It's hard to talk about it! You're still young, and you haven't experienced some things. Everyone is seeking stability."
Lin: "I heard that Xiangjiang has lost many talents overseas, resulting in a shortage of many jobs!"
Wang: "These days, everyone's thinking is very complicated."
Consciously or unintentionally, Wang Qilin revealed helplessness and pessimism. Huang Qianheng originally wanted to buy insurance overseas. Hearing the tone of his "old friend", he decided to sell the company to avoid spoiling his hands.
In fact, he always wanted to sell it, but he was unwilling to pay the price.Real estate in the new era was so crazy back then. In the early 70s, the market value was already two to three hundred million, and in the early 80s, the market value was close to one billion.
Now it has dropped to more than 5000 million, all because of my own misjudgment of the situation.Before the big crash, large-scale borrowing and investment in real estate have created the current situation.After three years of turmoil, the company was on the verge of liquidation. Lin Zuhui already had an idea when he first talked about the acquisition.
"If the premium is [-]%, I'll sell it!"
Lin Zuhui said bluntly: "No problem, we will close the deal at the price of 0.31 yuan per share. But we must enter your company for one day to conduct financial audits. Normal loans and bad debts are fine, but there must be no violations or illegal ones. operate."
He also knew that the debts of New Era Real Estate must be much higher. Coupled with some bad debts, the net assets may be lower than the purchase price.But now he can't take care of so much, what is he afraid of losing a little, he has a way to make it back.
Huang Qianheng nodded, and said: "Next Monday, you all come in!"
Afterwards, the atmosphere became much more relaxed. After several people finished their meal, Lin Zuhui also invited several people to the nightclub for a chic meal, and the host and guest ended the meeting happily.
……
Great wisdom investment consulting company, as his former company, Lin Zuhui came back here, feeling a lot.
"Boss, the company is developing well, and now there are 12 employees! We are currently working on the shell of Yiren Real Estate. The seller and the buyer have negotiated, and even the deposit has been collected!" Fang Jin introduced enthusiastically.
Lin Zuhui nodded, doing a "shell" business, in fact, can make Da Zhizhi eat for a year or two, it seems that it is indeed developing well.
Along the way, the staff who knew Lin Zuhui greeted the former boss one after another, and Lin Zuhui responded with a smile.
When he came to Fang Jin's office, Lin Zuhui sat on the sofa. Naturally, Fang Jin wouldn't be at the desk, but also accompanied him on the sofa.
Lin Zuhui looked at Fang Jin's beautiful female secretary, and glanced meaningfully.
"Boss, both of us are innocent!" Fang Jin said in a low voice.
After the female secretary left, Lin Zuhui said with a smile, "I'm not in the company now, so why be nervous! Besides, haven't you heard of it—the secretary if you have something to do, and the secretary if you have nothing to do!"
Hearing this, Fang Jin gave Lin Zuhui a thumbs up, and said, "Secretary Cai is really a beautiful woman, and she is very lucky!"
"Go! Both of us are innocent!"
The two smiled at each other.
"By the way, Ah Jin! This time I'm in charge of New Era Real Estate, can Da Zhihui help me if you have time?"
"Of course it's okay! The boss's business is my business!"
"Well, it saves me from looking for an outsider! Also, I almost have money, can you lend me 700 million!"
At the beginning, Fangjin got 1300 million yuan, and there was no cost to do the 'shell' business.
"No problem, I'll transfer 1000 million to the boss later!"
"Only 700 million is enough, I'm useless for the time being if I have more!"
The two teamed up again this time. The difference from before is that this time Lin Zuhui joined the listed company, no longer a matchmaker, but a boss.
Fang Jin is just assisting himself, using the resources of the Great Wisdom Investment Company to provide advice and references (financial, auditing, lawyers).
Chapter 59 【Real Estate Tycoon】
Lin Zuhui breathed a sigh of relief that New Era Real Estate's finances were fine.
Total assets are 1.6 million, property assets are 1.52 million, book liquidity is 800 million; debts are 1.1 million, and shareholder funds are 650 million.
The current crisis is: bank interest is too high, operating costs are in losses, facing the risk of creditors applying for liquidation, several development sites are currently "unfinished", banks refuse to lend, and the company's reputation is low...
To sum it up: Although the real estate market turned warmer in the fourth quarter of last year, it was not obvious; even many people still feel that the current Heung Kong company has a serious relocation and capital loss, and it is not suitable for property purchases.
On April 4th, there was an 'Official Land Auction', and the Hong Kong government launched the 'Admiralty Land King'. According to Lin Zuhui's knowledge, this is a clear signal of real estate warming.This is a common trick of the Hong Kong government. Before the real estate rises, the Hong Kong government will definitely take out a piece of "Land King" for auction to stimulate the real estate market.
New Era Real Estate urgently needs a sum of funds to repay creditors and some bank loans, and relieve the crisis of being on the verge of liquidation. At the same time, the interest generated will also be reduced accordingly.
Signing the equity transfer agreement with Huang Qianheng did not hold a press conference, and no one in New Era Real Estate even knew about it.
This is Lin Zuhui's special request, he needs to wait for an opportunity!
At present, the total share capital of New Era Real Estate is 2 million shares, of which Lin Zuhui holds 8000 million shares, accounting for 40% of the shares.In order to control New Era Real Estate, Lin Zuhui plans to recruit Wang Qilin to be a director in the future, and then recruit Gao Yi to be his assistant.
Gao Yi was the general manager of Paramount in the past, and later worked as an assistant to the general manager of Gaosheng Real Estate. Although Wang Qilin did not exclude him, he was not Wang Qilin's direct descendant after all, so he was not considered the core management of Gaosheng Real Estate.
But Gao Yi and Lin Zuhui have always been in contact. Lin Zuhui introduced him to Gaosheng Real Estate, otherwise he would have lost his job.Lin Zuhui likes Gao Yi one thing, that is, he has professional ethics, and if he serves that boss, he is loyal to that boss.
……
On March 3, Friday, "GOOD" magazine was officially launched, attracting the attention of the industry.
"Founding Issue - Editor-in-Chief - Xu Shenglin, Shao Guohua"
"[-]/[-] Youth Magazine"
"Urban Surprise"
"Campus Complaints Unit"
"Campus Comics - XZ Kid"
"S.K.H. Jixiao Secondary School, Wellington English Middle School, Jiangsu and Zhejiang Public School, the school flower and school grass come first!"
"With Three Lonely Hearts - Participation Form"
"GOOD" magazine did not choose to advertise in newspapers and TV stations, but directly hired a large number of temporary student workers, and directly carried out leaflets, posters and other publicity on campus.
On some newsstands near the campus, staff from Wanhui Publishing House supervised the battle on the spot.
The first issue of "GOOD" is 5 copies, and each copy is 11 yuan. After all, students don't have much money, and as far as Lin Zuhui knows, the peak sales volume of this magazine was only 10 copies in the previous life, so it's better to be conservative.
Three days later, the phone of Wanhui Publishing House kept ringing, and the sales of "GOOD" magazine outside were crazy!
Advertisers called one after another to discuss the advertising space.
At the same time, Wanhui Publishing House decided to print 2 more volumes, just in case.
As the boss of "FHM" and "GOOD" magazines, he was dubbed a "publishing tycoon" by the media one after another.
20 years of age!
Two best-selling magazines in hand!
The annual profit is about 2000 million!
Start from scratch!
The media dug out all the information about Lin Zuhui one after another. For a while, Lin Zuhui's foundation was dug out to the bottom.
The partner of Great Wisdom Investment, the strategist who assisted Gaosheng Real Estate to go public!
The backer was actually billionaire Wang Qilin!
The media reported Lin Zuhui crazily. Except for not having a single photo, other things were 'cleanly dug'.
Moreover, the citizens of Xiangjiang love to watch this kind of "history of the fortunes of tycoons", and Lin Zuhui's fame has reached that of the heads of the four major families in a short time.The main reason is that he is too young, and he is still self-made, which gives many people room for fantasy.
The public opinion is fierce, and Lin Zuhui has no power to resist at all, so he can only let those media make up.
……
Early April.
Lin Zuhui's fame briefly approached that of the heads of the four major families. He immediately made a decision and announced that he would be in charge of New Era Real Estate.
All of a sudden, the media were dispatched again!
"Surprised the 20-year-old chairman of a listed company!"
"Young people don't know the heights of the sky and the depths of the earth, and tens of millions are in vain!"
"The illegitimate son, Lin Zuhui, spends a lot of money and wants to be the chairman of a listed company!"
"The illegitimate son of the Lin Baixing family wants to become the chairman of a listed company and take revenge on the Lin family!"
All kinds of public opinions came overwhelmingly, pushing Lin Zuhui into the limelight.
Of course, many media also gave high evaluation:
"Publishing house tycoon wants to be a real estate tycoon!"
"A miracle of self-made, holding two best-selling magazines, and controlling a listed real estate company with over [-] million assets."
……
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