Hong Kong's new giants

Even if this acquisition is delayed until the second half of the year, how can the market value be increased to 600 billion without the profit of "Cyberport"?

Hutchison Whampoa?

No way, British Telecom has not been sold yet, and Hutchison Whampoa is equally unsatisfactory; unless Li Chaoren shows his determination to change his previous "focus on cash flow and debt" and go crazy, it will be possible.

Therefore, at this time, there is really no competition.

The most difficult part, on the contrary, was persuading Dadong Telegraph to sell Hong Kong Telecom.

Yuan Tianfan said: "Okay then, let's take our leave first!"

The two also knew that the Dadong Telegraph Bureau would not easily hand over the chips in their hands, and the New Era Group's cards were not played, so there is no need to worry.

……

Monday, May 1.

On the first working day after New Year's Day, Lin Zuhui came to the headquarters of New Era Group in a good mood.Although I was in a good mood, my body seemed to be a little 'weak'. For three consecutive days, I 'beat 9 times', and my hard-boiled body couldn't take it anymore.

Of course, his 'virtual' is not real, it can only be said that he is 'not at his peak'.

When he came to the office, Lin Zuhui leisurely read newspapers and computers.

In fact, Lin Zuhui doesn't have too many jobs now, even if he just sits in the office and drinks tea every day, the company can develop stably.Although he doesn't have a son who can share the burden for him, the company he owns has long been a "professional manager" system, and he is more of a "spiritual symbol". If you give some instructions appropriately, you can sit back and relax.

When his employees reached more than 20 (all companies under his umbrella), he had no way to personally manage the company's specific affairs, otherwise he would have to be busy.

In the morning, Liang Zhenxun came to Lin Zuhui's office.

"Boss, all European and American bank stocks have been emptied, and the total return of funds is 458 billion Hong Kong dollars, and the total return rate is about 430%."

Lin Zuhui said with satisfaction: "Very good rate of return! The highest rate should be Citibank, right?"

Liang Zhenxun nodded and said: "Well, we spent 2 million US dollars back then, and this time we returned 30.2 billion US dollars, almost 15 times."

Over the years, Citibank has paid a lot of dividends and has also been bought into Citibank shares. Therefore, after the merger of Citigroup and Traveler, New Era Group still owns 1.52% of the shares.And this year, Citibank's market value is around 2000 billion U.S. dollars, and it is only natural that it has made so much profit.

Citibank's stock may continue to rise, but it is inevitable to cash out in advance, after all, New Times Group needs to spend money.

Including the shares of Microsoft (1.5%) held by New Times Group, it will also be cashed out in July this year. If the cash out is completed by the end of the year, it is expected to be worth 70 billion US dollars (550 billion Hong Kong dollars); Vodafone’s shares can also be cashed out tens of billions of Hong Kong dollars. above.

As for Sony's stock, you can choose to cash out more than 300 billion Hong Kong dollars after the millennium.

The stock alone, together with the cash out this time, is 1500 billion in scale.

If the sale of the British telecommunications industry is counted, I am afraid that an additional 800 billion will have to be added.

The "extra" cash flow of 2300 billion can be regarded as the cash flow of the world's top group, so it is not an exaggeration at all to have a market value of more than 6000 billion. It can be said that the assets of New Era Group are already very underestimated.

10000 trillion by the end of the year is definitely no problem. Originally, the Hang Seng Index is expected to increase by about 5% this year!

"How much cash is in the company's books?"

"More than 650 billion!"

"Well, we will continue to vigorously develop shipping, hotels, and shopping centers this year. The acquisition of Hong Kong Telecom also requires cash flow."

"Okay, I'll make the financial arrangements."

Hearing this, Liang Zhenxun actually wanted to ask a question: "As a major shareholder, don't you want to pay dividends?"

After all, companies like Henderson and Sun Hung Kai allocate a large proportion of funds for dividends every year, and their bosses are not very active in dividends.

1997年盈利700多亿（出售物业和黄金期货就占400多亿），而1998年初的新时代集团分红也才80亿不到。

It seems that Xiangjiang is the company with the most dividends, but in fact it is equivalent to only taking out 10% of the annual profit dividends.

And last year (1998) the profit was estimated to be about 750 billion, and this year's dividend seems to be less than 100 billion.

Thinking of this, Liang Zhenxun actually understood a little bit, the boss is really not short of money.If you can earn so much financially for the company, then you must also earn a lot of money personally.

……

Two days later, Yuan Tianfan and Liang Botao returned to Hong Kong to report the situation to Lin Zuhui.

After listening to the attitude of the Dadong Telegraph Bureau, Lin Zuhui was obviously thinking.

Hong Kong Telecom is a rich asset. Although the market value of Yingke plummeted from 5000 billion to more than 200 billion after the acquisition by Li Zekai in the previous life; but in fact, after the merger of Hong Kong Telecom and Yingke, it was spun off after 2010, and the market value has remained constant. It fluctuates around 1000 billion.

On the whole, this deal was screwed up by Li Zekai. If it wasn't for his father, the merged PCCW would have been dragged down with only hundreds of billions in debt. After all, the annual interest is tens of billions, so PCCW Except for Hong Kong Telecom's profit, other businesses have no profit at all.

So if it is New Era Group, how can it profit from this transaction?

Soon, Lin Zuhui had a "capital market" plan in his mind, but he didn't say it immediately.

"Well, since Dadong Telegraph has already been moved, then they must want to introduce competitors next, so let's wait and see what happens! Of course, Hongkong Telecom has a premium of 10% to 20%, and we can also make a move; Also, more cash flow is not out of consideration, after all, we can borrow a lot.”

Yuan Tianfan and Liang Botao looked at each other, and then Yuan Tianfan said: "Acquisition of an asset with a huge market value like Hong Kong Telecom, a premium of less than 10% is also feasible."

He knows that the boss will make money, but he is also the one who spends money, so remind him.

Lin Zuhui said with a smile: "Although that is the case! But Dadong Telegraph may drag on, after all, the seller is now taking the initiative. This year is the year of the Internet explosion, and the telecommunications industry is also rising, so I think Heung Kong Telecom has risen to more than 2600 billion It is also entirely possible. Think about it, should we take the initiative to raise the price, or wait until later and be more passive?"

This is the benefit of knowing the general trend!

Assuming that the market value of Hong Kong Telecom exceeds 2600 billion in the second half of the year, the purchase price of each consortium will not be at a premium.

But if the New Times Group is willing to offer the price for the second half of the year, then other consortiums may not follow suit, and Dadong Telegraph is more willing to accept a premium.

In fact, the Dadong Telegraph and Telegraph Bureau will not be in a hurry to sell at a low price. They will soon make news and introduce new competitors.Even so, they still have the initiative and can wait for the price to sell, and they are not in a hurry to make a deal unless the price is very satisfactory.

When Yuan Tianfan and Liang Botao heard about this year's financial situation, there was no doubt that if the boss said that this year's market is going to be this year, then he must be right.After all, this is a fact that many people will recognize.

"Okay, we got it!"

Lin Zuhui added: "If the acquisition can be completed within a month or two, New Times Group can reduce the acquisition cost in the capital market, so please pay attention to my opinion."

Although the two wanted to know what to do, after all, the first step of the acquisition had not been completed, so it was naturally not good to ask now.

Liang Botao said at this time: "Boss, if the cash ratio is to be increased, it is very important to obtain official support from the mainland. First, Huaxia Telecom holds 10% of Hong Kong Telecom's shares; second, Bank of China can provide loans."

Lin Zuhui said confidently: "They have no reason not to support it! Of course, it will depend on the situation later!"

"Ok!"

In fact, Lin Zuhui also intends to use loans as the main source of funds for this acquisition, so various banks will be able to provide loans at that time.He is prepared to loan 100 billion US dollars for this acquisition.

The group debt of the entire New Times Group is only 200 billion Hong Kong dollars, which is indeed a very low debt for a group with an asset value of nearly one trillion yuan.

No way, I have cashed out a lot in the past few years, so that the cash flow is very sufficient.

If it weren't for such a large acquisition, there would really be no chance to increase debt!

Chapter 653 [Battle of Xiangjiang Telecom 2]

On Saturday morning, Lin Zuhui came to the ATV Building.

Zhao Zhenqiang walked in immediately, and happily reported: "Boss, the ratings of "Meteor Garden" are higher than "Huan Zhu Ge Ge", and the results are very good!"

"Meteor Garden" started broadcasting on January 1 (Monday) and has already aired eight episodes so far.

Lin Zuhui said with a smile: "Well, it seems that there is hope to set off a hot wave in Asia."

When "Popular Garden" was being filmed, he had already watched it episode by episode, and the overall quality was much higher than the previous filming on Taiwan Island.Because the script of "Meteor Garden" is in the hands of ATV, and the filming is a Hong Kong drama. From the production team, actors, costumes, props, etc., the quality is very high.

"There must be no problem. We are confident in this! The Hong Kong dramas filmed by our ATV have become a model in Asia, not to mention that the ratings of "Meteor Garden" in Hong Kong are among the top three in the year."

The implication is that ATV's medium-level (ratings) Hong Kong drama has become the target of introduction by Asian countries, let alone "Meteor Garden" with high ratings.

Lin Zuhui is very satisfied with the current atmosphere of ATV Group and attaches great importance to innovation. In fact, he no longer participates in content production. ATV Group is also the number one TV company in Asia.

Of course, left and right are a matter of a few words. If you can grab the opportunity of others, you should seize it quickly. Weakening your opponent is to strengthen yourself.

Then, Lin Zuhui said: "With "Meteor Garden" becoming popular in Asia, you should pay attention to developing peripheral income, such as F4's concerts, commercial performances, endorsements, etc. These incomes are not cheap."

Zhao Zhenqiang said with a smile: "Boss, don't worry! Before the TV series is filmed, we are already making arrangements for this aspect."

He didn't say that you, the boss, hand-picked it, because he knew that the boss didn't like to reveal it by himself. To put it bluntly, the boss didn't want others to know that he still has such a skill in the TV field-touching stones into gold.

"Well. The innovation atmosphere of ATV Group is very good now, I hope you will continue to work hard."

"Okay, we will definitely live up to the foundation you laid, boss!"

Although there is suspicion of flattery, Lin Zuhui thinks it is the truth.

After Zhao Zhenqiang left, Lin Zuhui showed a satisfied smile. At present, Xiangjiang's cultural GDP has accounted for 10% of the level, which is comparable to that of Japan in Asia, and it is already a remarkable achievement.

And this is just the beginning. Lin Zuhui believes that in another ten years, Xiangjiang culture will account for 15% of GDP, and there is no problem. This will be comparable to the proportion of American culture, although the volume is far less.

Cultural city!

While developing his own wealth, he has not forgotten to drive the development of Hong Kong as a whole, and he is very proud.

After all, Hong Kong is limited by its territory and population, and there are not many industries that can be developed. The cultural industry can be said to be the easiest industry to succeed, and of course it can also be said to be the hardest industry to succeed.

The easiest thing is that compared to Lin Zuhui's 'BUG', without him, there would be industries such as HK-POP, Hong Kong dramas, Hong Kong dramas, games, and software.

Even if the government promulgates the major policies of "developing Hong Kong with culture" and "establishing Hong Kong with science and technology", there is no hope at all; the reason why the Hong Kong government dares to propose "establishing Hong Kong with culture" and "establishing Hong Kong with technology" is because Lin Zuhui has already laid established a solid foundation.

With the increasing influence of Hong Kong Stream in Asia, the benefits brought to Hong Kong are far more than the superficial ones, and there are many more.For example, in the tourism industry, the number of tourists visiting Hong Kong exceeded 1600 million last year. This achievement was definitely not achieved at the same time in the previous life.Not only does it increase the number of people visiting Hong Kong, the Hong Kong Stream also increases the consumption level of visiting Hong Kong.

……

Lin Zuhui also did not expect that the Dadong Telegraph Bureau moved so quickly.

On January 1 (Monday), Dadong Telegraph and Singtel publicly announced that they have developed to the stage where they can "swear to each other", expecting to be "engaged" and reach an acquisition agreement as soon as possible.

This unexpected news shocked Lin Zuhui, Yuan Tianfan and others.

The response from all walks of life in Hong Kong is also very strong. Hong Kong people seem to be reluctant to let a foreign state-owned enterprise control their communication industry.

At the conference table in Lin Zuhui's office, he, Yuan Tianfan, and Liang Botao sat together to hold an urgent meeting.

Yuan Tianfan said seriously: "The Dadong Telegraph Bureau used a trick commonly used by the British. The Kashmir issue between India and Pakistan was a classic example. The Dadong Telegraph Bureau just introduced Singapore Telecom into Hong Kong to attract attention. Snapped up Hong Kong Telecom, so Singtel was tricked by Dadong Telegraph!"

Liang Botao also said: "Yes, we haven't continued to offer, how could Dadong give up such a good opportunity!"

Hearing the analysis of the two generals, Lin Zuhui nodded in agreement, thinking about it carefully, it really is so.

However, the Dadong Telegraph Bureau is really insidious, playing tricks on Singtel, and at the same time putting strong pressure on New Times Group.

Lin Zuhui asked: "How about the news from Singapore?"

Yuan Tianfan immediately said: "The market value of Singtel has exceeded 2000 billion Hong Kong dollars (converted), reaching 2100 billion Hong Kong dollars, and the available cash is also about 700 billion Hong Kong dollars."

This cash scale is amazing. You must know that Hong Kong Telecom's cash flow is only more than 100 billion!

Lin Zuhui immediately felt a little annoyed by his lack of information. Of course, it was just for a moment. It doesn't matter how strong Singtel is. What matters is that New Times Group is strong.

SingTel is a state-owned telephone company in Singapore. It is managed by Li Xianyang, the second son of Singapore's cabinet minister. Although it is powerful, it must consider reserving its strength after all. To develop the country's telecommunications industry.

Of course, like Hong Kong Telecom, Singapore Telecom also faces the problem of narrow development space.After intensive farming on the one-third of an acre of land in Singapore, it wants to develop a "colony" of its own at any time.If Hong Kong Telecom can be acquired, SingTel will become the world's sixth largest telecommunications company, which is obviously attractive to SingTel, which is eager to expand its living space.

Lin Zuhui said: "I am happy to see things develop to this extent, because it indicates that this transaction can be completed in a short time."

Yuan Tianfan and Liang Botao nodded. Now that the Dadong Telegraph Bureau is taking the initiative to make a move, doesn't it mean that they want to make a move.

Lin Zuhui said again: "Since this is the case, let's start the formal action. Tell me, what are you going to do?"

Liang Botao said at this time: "There is no need to doubt the strength of the New Times Group. Let alone 100 billion US dollars, there are a large number of banks willing to provide special acquisition funds of 200 billion US dollars. Therefore, we only need to communicate with Huaxia Telecom. After all, it is The second shareholder of Dadong Telegraph; at the same time, we got in touch with Li Guobao, the non-executive director of Hong Kong Telecom. The rest is to call all the banks to discuss the loan!"

Lin Zuhui said, "Where is the Dadong Telegraph Office?"

Yuan Tianfan said: "We can't be in a hurry. We should do the preparations first. I believe that the Dadong Telegraph Bureau will not be so stupid as to make a move without competition."

"Okay, I'll leave it to the two of you to buy it. If you need me to come forward, you can arrange it!"

"Okay, boss!"

If it is a large loan, Lin Zuhui will definitely come forward.

……

Only three days later, on January 1th (Thursday), the news that "New Times Group intends to acquire Hong Kong Telecom" was widely circulated in the London stock market, and was widely reported by several newspapers in Hong Kong the next day.

For a time, the Hong Kong stock market was in turmoil.

"Mr. Lin Zuhui made a move, then Hong Kong Telecom will definitely not be acquired by Singtel!"

"Yes, Mr. Lin Zuhui has never failed in acquisitions!"

"At the end of last year, Barings Bank under Lin Zuhui spent a huge sum of US$180 billion to acquire Hilton. Now it has acquired Hong Kong Telecom, which is naturally within reach."

"So New Times Group and Hong Kong Telecom are going to go up today?"

"Isn't this nonsense, I feel like buying it at the opening!"