Hong Kong's new giants
Page 444
The most important thing in Heung Kong Hong Kong is "lack of money". Banks lack money and dare not lend, companies lack money and rush to sell properties to save themselves, citizens lack money to repay loans, or the house will be cut off... In short, everyone is short of money, who has Cash flow is king.
Xue Renze continued: "Boss, as far as I know, Hysan Real Estate has also encountered a lot of trouble, and the entertainment building is expected to be brought back at a low price!"
Lin Zuhui said: "If you came to buy something, wouldn't you be slaughtered?"
Xue Renze said confidently: "The money is in our hands, how could it be slaughtered! We sold it to them for 39.6 billion, and we hope to buy it back for 20 billion."
Some buildings have fallen by 7%. The entertainment industry is a high-quality building, so it will definitely not fall by that much.
Lin Zuhui thought for a while and said, "You can get it back under 22 billion, you can try it!"
He also remembered that in his previous life, Liu Luanxiong sold the Entertainment Building to Hysan for 36 billion Hong Kong dollars. As a result, Hysan sold it to Si Tai for 2005 billion Hong Kong dollars around 27, and lost 9 million Hong Kong dollars in [-].
Last year, he took advantage of Hysan's idea of entering Central, deliberately let the real estate agents cheat them, and sold it to them at a sky-high price of 39.6 billion.
The reason why it is more expensive than the previous life is that there is a time difference of several months, and the other is that the area and quality of the reconstruction have come and gone, so the price of the previous life will definitely not be referred to.
Xue Renze said confidently: "Okay!"
Lin Zuhui also said: "Those buildings sold by us, if there is a possibility of getting them back, try them all. But the price has been discounted by at least 40%, the economy and real estate will not be able to recover for a while, so it's okay to buy the bottom slowly. "
"No problem, I'll pay more attention!"
After Xue Renze left, Lin Zuhui showed a smile. The company still had more than 350 billion Hong Kong dollars in its account. Although it spent a lot of money, New Times Group can still make a profit of about 200 billion this year, a drop of about 30%, which is within a reasonable range.The main reason is that the income from Europe, America and the mainland has already accounted for about 40% of the normal profit.
……
Hysan Group.
When they heard that Chinese Land Group intends to redeem the entertainment building, the entire Hysan executives showed strange expressions on their faces, and looked at Li Dingchang with dissatisfaction.
At the beginning, it was Li Dingchang's idea to decide to enter Central, but in the end he bought the Entertainment Building at a high price.
"Not for sale! The New Times Group set us up, and now they want to redeem the entertainment building at a low price. It's a good idea!" Li Dingchang said with hatred, his teeth itching.
Of course, he also regrets what he did to offend the New Times Group back then. Whenever he looked at the Jialan Building in Causeway Bay, he couldn't help but feel heartbroken.A high-quality building of 60 square feet stands in the heart of the Ricci family's stronghold.
Director Li Yunlian immediately said: "Now is not the time to think about these things. Many properties outside have fallen by 20%. The offer of [-] billion Hong Kong dollars by Chinese Land is already very tempting. The most important thing is that Hysan Group's financial It’s no longer optimistic.”
Her words attracted everyone's approval. At this time, international speculators are still attacking Xiangjiang's finances. The entire Xiangjiang is filled with fear, and they are not optimistic about the economic prospects.
A director said: "The company needs cash to cope with the long-term impact of the financial crisis. The entertainment building does not belong to us. Although it will be laughed at if it is sold at a low price, compared with those companies that have gone bankrupt, Hysan is already a Alright."
Those who advocate selling have an absolute advantage.
In fact, even Li Dingchang wanted to sell the entertainment building to cash out the funds to stabilize the company.However, he felt that New Era Group was suspected of engaging in Hysan 'intentionally'.
When asking the price at the beginning, it was very strong; but now when it is bargaining, it is very strong.
It makes people very unbalanced, and even makes people suspect that Lin Zuhui deliberately calculated him. After all, everyone in Hong Kong knows that Lin Zuhui predicted the financial crisis, so he shipped the goods in time and became the biggest winner.Even Li Chaoren, a veteran in the mall, is said to have lost nearly [-] billion (investment in financial products) this time.
"Director Li Yunlian, go and negotiate with them and try to get a higher price!"
"Try your best, money is the most important thing now, and goods are in a hurry to sell."
Everyone sighed. There is nothing wrong with what they said. There are many people who sell properties at half price.
……
Chinese Land and Hysan Land quickly reached a sale and purchase agreement: Hysan Land sold the Entertainment Building to Chinese Land at a price of HK$20.8 billion.
For a while, it became a "classic battle" for Chinese home buyers - a huge profit of 18.8 billion Hong Kong dollars between selling and buying; and Hysan Land also became a joke in the eyes of the public, because in a year and a half, because of a The building lost 18.8 billion Hong Kong dollars.
Of course, many people have noticed that the New Times Group is already hunting down the bottom line. Everyone has speculated that, from Lin Zuhui's perspective, could it be that Xiangjiang property has fallen to the bottom?
Some courageous people with a lot of spare money in their hands are thinking about whether to buy the bottom.
However, more people probably dare to think about it, after all, is this really the bottom line?How long will this trough last?
All kinds of doubts are enough to make most people daunted.
What's more, international speculators were still attacking Xiangjiang Finance, and the stock market began to fall all the way, causing panic throughout Xiangjiang.
New Era Group.
Chief Financial Officer Liang Zhenxun came to Lin Zuhui's office.
"Boss, if you allocate 200 billion Hong Kong dollars to acquire potential rental properties in Xiangjiang; plus the budget of Times Shipping this year, the large expenditures of Langting Hotel Group and Amazon Shopping Center. I estimate that the cash flow of New Times Group will be in the By the end of the year, there will be less than 100 billion left.”
The boss makes a lot of money, but spends even more, Liang Zhenxun thought so.
偿还债务150亿、金丝雀码头集团135亿、收购航运公司和码头150亿、订造/购买船只150亿(分批支付)、抄底收租物业200亿,大笔开支就有如此多,其它开支就不说了。
The company still has two major projects under construction: the International Financial Center and the Cyberport. The important thing is that other real estate companies are selling real estate at a reduced price, but the New Times Group directly froze the real estate and began to cover it (the annual sales were 6000) Residential and above, this year's target is only 3000).
Lin Zuhui said with satisfaction: "The flowers will be perfect at the end of the year, and I'm still worried that the flowers won't go out!"
Liang Zhenxun immediately reacted and said, "What does the boss mean, are you going to sell some overseas stocks?"
Lin Zuhui nodded and said, "Citigroup and Traveler merged in April, how is the stock going up?"
Liang Zhenxun said: "Very good, the market value of our Citi stock has exceeded 25 billion US dollars!"
Lin Zuhui said with satisfaction: "At the end of the year, this stock can be gradually sold; in addition, the few banking stocks in the UK can also be sold at the end of the year. These stocks alone can cash out more than 400 billion Hong Kong dollars. Next year we will It’s still possible to buy aggressively.”
He calculated that between December 1998.12 and March 2000.3, about 1500 billion in cash could be cashed out, including all overseas securities investments.
Coupled with the sale of the 2G telecommunications business in Europe next year, it can theoretically obtain 800 billion Hong Kong dollars.
However, Orange Company is a 2G business. If it is sold, the funds can be used to invest in 3G licenses and continue to enter the telecommunications industry.
"Okay, I know!"
Liang Zhenxun left the office confidently. Recently, the group had a lot of expenses, so he just came to remind the boss.
Chapter 627 [The most sensible woman]
May 5th is the day when the Hang Seng Index futures are delivered, and the Hang Seng Index closed at 27 points;
It fell 1500 points from the beginning of May and 3000 points from the peak at the end of March, which can be described as a heavy loss.
Obviously, international speculators have returned victorious again.
Some international media blatantly published the news in newspapers: Heung Kong has become a cash machine for international investors, and they can make profits from Heung Kong Securities at the touch of a switch button.
For a while, the market sentiment was wailing, and there was no longer a trend of technical rebound, and it seemed that there would be another wave of decline.
Octopus Bank Building.
In Lin Zuhui's office, Octopus Bank President He Changhong, Vice President Li Huimin, Barings Bank President Andre, and Vice President Liang Botao were all sitting on the sofa.
"Bahrain Bank continues to increase its stake in Samsung Electronics, preferably holding more than 5%!"
Liang Botao glanced at Andre, and then said: "No problem! Samsung Electronics' current market value is only 45 billion US dollars, and Barings Bank has sufficient cash flow."
Lin Zuhui asked: "How much liquid capital is there in the account of Bahrain Bank?"
Andre replied: "10 billion U.S. dollars, if you count about 3 million U.S. dollars for Samsung Electronics, there are still more than 7 million U.S. dollars."
Peregrine spent 3 million US dollars, San Miguel spent 4 million US dollars (ultimately holding 16.8%), and Barings Bank has spent 7 million US dollars this year.
When Lin Zuhui thought about it, each of his private investment institutions was not superfluous; the family office, Hengjin Investment, Jingwei Capital, and Barings Bank all had a focused nature.
Family Office: Mainly invest in Hong Kong blue chips, stocks of "future high market capitalization" listed companies in the United States and the United Kingdom, such as United Health, Johnson & Johnson, Mobil, Procter & Gamble, Coca-Cola, Unilever, AstraZeneca, Shell and other types of stocks. The dividends of such stocks are stable every year, and the growth rate of market value is not bad.
Hengjin Investment: U.S. stocks in the secondary market are mainly information technology (Microsoft, Oracle, Cisco, etc.), banks (Citigroup, United, etc.), and Nike, Starbucks and other stocks.
Jingwei Capital: venture capital investment in Chinese and American Internet companies, and primary market investment (Apple, Kingston).
And today's Barings Bank will also become an investment weapon in his hands, so he has to develop it well.
"Strive to buy the bottom of LG Electronics, Samsung and other listed electronics companies, and buy the bottom of South Korea's electronic technology at about 5 million U.S. dollars."
Liang Botao immediately said, "Okay, no problem!"
The market value of Samsung Electronics is 45 billion US dollars, which is pitifully low. Within five years, 500 billion US dollars will be easy.
In December last year, the market value of Samsung Electronics was as low as 12 billion US dollars. After all, the country almost went bankrupt.In the first half of this year, the Korean stock market as a whole fell. Now the market is only more than 36 points. After all, bankruptcies and unemployment are flooding South Korea.
It is only at this time that the bottom is bought, and it is also because the South Korean government introduced many policies in May to encourage foreign capital to invest in South Korea.
Lin Zuhui felt a little heartbroken when Barings Bank spent about US$12 billion all at once. Fortunately, he had many ways to make money.Therefore, the remaining 5 million US dollars must also be used.
"President Andre, the dollar has been strong recently, and the dollar has risen against the yen all the way. It is bound to not be a long-term thing. Therefore, you are in charge of Barings Bank's short selling of the dollar against the yen. I looked at it, and now the dollar against the yen is approaching 140 points Now, I don’t know how much it will rise in this wave, and the risk is still very high. In this way, if it is above 140 points, sell short, and the daily limit of 1000 million US dollars cannot exceed 1.5 million US dollars in total.”
He really can't remember the specific trend of USD and JPY, but now he mostly relies on analysis to do finance.
Of course, the general trend is still the decisive factor, otherwise he really wouldn't dare to make this kind of venture capital.
The yen has depreciated wildly in the past year or so because of the impact of the Asian financial crisis. In particular, Japanese banks have invested and loaned a lot in Southeast Asia, which has been greatly affected.
Now, the financial crisis has come to an end, and in this wave of financial crisis, countries such as China, Japan, South Korea, and Southeast Asia have united and held many official meetings.
Might be coming to an end!
Beyond that, USDJPY is unlikely to break above 150, an index that won't break until 24 years from now.
Therefore, he still has [-]% confidence in this wave of foreign exchange, at least he still has a large amount of margin.
Andre's spirits immediately became high. This boss knows how to spend money, and he will definitely make money. He almost never misses in finance.
"Okay, we must strictly follow your instructions!"
Lin Zuhui nodded, then looked at the two executives of Octopus Bank.
"October Bank also has a lot of cash, and we should make full use of it. You go to South Korea to buy their banks, but it is not the secondary market, but to subscribe for new shares. We only make strategic investments, not control rights. Koreans must be very welcome."
After the Asian financial crisis, South Korea has two industries with the highest rate of return, the first is the electronics industry, and the second is the bank.
Foreign capital in the Bank of Korea once accounted for 70%, and of course almost all of the capital is investment in nature; as for the controlling stake, it must be at least after South Korea introduced another policy at the end of the year.
It is said that South Korea is heartbroken about how high the rate of return of banks in the financial crisis is. The key is that some US-funded financial institutions are still "tax evading", which makes the South Korean government very annoyed.
He Changhong asked, "How much is the boss planning to invest?"
Lin Zuhui said: "Only 100 billion Hong Kong dollars is mainly invested in big banks, such as the Kookmin Bank of Korea. Pay attention to the investment conditions. We are going to make money. We will sell the stocks after the ban is lifted. If we can avoid taxes reasonably, we will avoid taxes."
He Changhong was taken aback, and said, "So many?"
Lin Zuhui nodded and said: "Going to South Korea now is to steal money. This country itself has strong export capabilities and can quickly reverse the impact of the financial crisis. Therefore, investment is very profitable. If there are insufficient opportunities in the banking field, you can also directly Buying stocks of other companies in the secondary market does not necessarily require an investment bank.”
He Changhong and Li Huiling finally had no doubts, and quickly expressed their execution.
The funds used by Octopus Bank this time are the working capital of Octopus, and not all of them.At the same time, Octopus Bank's loan-to-deposit ratio is not high, and its structure is very safe.
Therefore, in the end, Lin Zuhui said: "Xiangjiang Real Estate has almost fallen to the bottom. Although it will not recover soon, some loans can be extended appropriately."
He Changhong said: "Okay, I understand!"
As far as the boss's ability, what to do is not successful, everyone said in admiration.
After some arrangements, Lin Zuhui announced the end of the meeting with satisfaction, and everyone went to get busy.
This time the Asian financial crisis, Octopus Financial Group is full.
Barings Bank merged Peregrine and bought a number of potential listed companies;
Octopus Bank took the opportunity to set up branches in many parts of Asia and entered the Korean financial circle.
Octopus Securities also annexed two securities companies on the verge of bankruptcy, expanding its business again.
……
The next day.
Lin Zuhui and his fourth wife Cai Ning came to the LEIT Group building, and the staff who passed by greeted her. Of course, they called Cai Ning her former senior management position in the LEIT Group 'Manager Cai'.
Although many people know about the relationship between Cai Ning and Lin Zuhui, Lin Zuhui has never publicly said that he has a second wife or third wife after all, and he always says that he is a "confidant".
When she came to the office, Cai Ning took over as an assistant and served tea and water for Lin Zuhui. After all, she was born as Lin Zuhui's secretary, so she was naturally familiar with it.
Cai Ning went to Australia in the past few years, and the business community there has also begun to emerge. She is very suitable for doing business, and with so many years of training, her business in Australia mainly includes: real estate and wine.
"You secretary, you haven't lost your craftsmanship!" Lin Zuhui joked while sipping tea.
"Where will it be lost! I just don't know if your taste has changed!" Cai Ning stood beside Lin Zuhui and smiled softly.
Lin Zuhui leaned on the chair, motioned Cai Ning to come closer, then took her hand and said, "Has it changed?"
Cai Ning immediately understood Lin Zuhui's meaning, and immediately said: "No more, boss!" showing a little girl.
What Lin Zuhui meant was that he didn't change his mind about these women. Although he has a new girlfriend, his chest is broad enough!
Cai Ning naturally echoed Lin Zuhui's meaning, except that he had less time to accompany them, Lin Zuhui's attitude towards them was indeed the same as before.
The two chatted for a while, and then remembered the knock on the door.
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