Chapter 270 [Won't you play with me? 】(1/2)
April 11th, a new week begins.
Lin Zuhui learned from the newspaper that Hutchison Whampoa had obtained the development rights of Kwai Chung No. 7 Container Terminal at a price of 4.75 billion. He suddenly felt a sense of powerlessness. Because he could not come up with 4.75 billion, otherwise he would have bid for the container.
The terminal is a cash cow!
At the same time, the newspaper also published: Concord Expo Development Co., Ltd., a joint venture between Li Ka-shing, Lee Shau Kee, and Cheng Yutong of the Canadian Imperial Bank of Commerce, acquired Vancouver with a price tag of 500 million Canadian dollars (at this time, the exchange rate between the Canadian dollar and the U.S. dollar was about the same).
Development rights of the former World Expo exhibition site.
"Aren't you going to play with me? Then I will steal more of your property in Xiangjiang from now on!" Lin Zuhui said angrily.
Thinking of this, Lin Zuhui picked up the phone and dialed a number.
"Brother Cha, are you free tonight... Well, please remember to tell Brother Cha that we can get together tonight!"
After putting down the phone, Lin Zuhui decided to finalize the matter of investing in Hong Kong Industrial.
The fourth and fifth phases of Discovery Bay this year are also in preparation. Lin Zuhui mentioned it in passing and hoped to cooperate.
Of course, for the fourth and fifth phases of Discovery Bay, he would not leave Zheng Yutong alone to seek cooperation to avoid offending others; but he would definitely express his willingness to cooperate with the Cha family in advance.
The fourth and fifth phases of Discovery Bay are very profitable, because once the airport plan is announced next year, the villas and luxury residences in these two projects will increase.
In the morning, Lin Zuhui held a meeting with the "Acquisition of Hilton Hotel Manila" project team in the conference room.
Colbert Report: "Boss, we have negotiated a loan issue with a Japanese bank. They are willing to make a 'high-risk financial arrangement', borrow US$9 million in debt, and transfer the debt to the Manila Hilton Hotel."
Lin Zuhui nodded. In this way, Cathay City is equivalent to acquiring a five-star Hilton hotel (privatization) for only US$3 million to US$5 million.
"Have you made preparations? When do you plan to go to the Philippines to officially launch the acquisition?"
This time he went to the Philippines to acquire a listed company and control the Manila Hilton Hotel through this listed company. It was impossible for Lin Zuhui to go to such a turbulent place; so he appointed Colbert and Li Mingtao to go on his behalf, and hired
I set up my own investment company as an acquisition consultant (talent recruitment is done).
Corbett said: "We plan to fly to Manila on Wednesday to officially launch the acquisition!"
Not bad, very efficient!
Lin Zuhui added: "Although I have not been to the Manila Hilton Hotel, I have heard you talk about the specific situation. I heard that due to social unrest, 200 rooms of the Manila Hilton Hotel have not yet been completed. After you go to the site, you have to make plans."
Expansion plan', the remaining projects will be completed and put into production. Once the situation improves, the income will be much greater!"
Corbett knew that his boss was gambling that the political situation in the Philippines would be stable in recent years, so he carried out bargain hunting.
Therefore, the boss’s arrangement is a matter of course!
"Well, we have set up a working group for this hotel, and we will be responsible for the work of this hotel in the future!"
"Okay, report anything to me directly!"
In fact, this Hilton hotel also has a large shopping mall with an area of more than 7,000 square meters, but the revenue of that shopping mall is very low and more than half of it is empty! This hotel also has a casino of several hundred square meters, but it is controlled by the local government
Open and pay the rent at the Hilton Hotel.
Lin Zuhui is thinking that if the situation stabilizes and the Philippines encourages tourism, he plans to lease the shopping mall to the government as a casino. According to the current two types of rents, this Hilton hotel can obtain 10 times the rent.
Of course, Lin Zuhui just keeps these thoughts in his mind and keeps coming back. I believe that this hotel can bring a lot of profits to Cathay City. In the future, Lin Zuhui will have a place to stay when he travels to Manila.
...
In the private room of the Furama Hotel, Lin Zuhui and Cha's father and son were eating and talking. Since the two parties cooperated in the third phase of Discovery Bay, they have been in regular contact, and Lin Zuhui and Cha Maosheng are good friends in private.
After all, with Lin Zuhui's identity, he has no problem being friends with anyone he wants, not to mention he has a kind of approachable temperament.
"Your Leit Group is developing very well. It has only been a year since you acquired it and you have achieved such results. You are indeed a capable person. Everyone in that industry has skills!" Zha Jimin praised.
The Cha family started out as a textile company and have invested in textile factories around the world, with business covering China, Southeast Asia, Africa, Europe and the Americas.
Although Leit Group is in the garment field, it is actually very close to the textile field, and both were once the first and second largest industries in Hong Kong.
"Thank you, Mr. Cha! The Leit Group is originally the foundation of crocodile shirts. I just established and acquired some small brands, and there is still a long way to go to make them bigger and stronger!" Lin Zuhui said modestly.
Cha Jimin is in his seventies this year. He can be regarded as Lin Zuhui's grandfather. He is a well-known figure in the textile industry. Lin Zuhui still needs to be more modest. On the contrary, although Cha Maosheng is 22 years older than Lin Zuhui, they are of the same generation. I usually have many personal relationships.
"Look, Xiao Lin's ambitions are big enough and he shows his true character as a hero. Leit Group is developing so well, but he is not satisfied yet! This kind of spirit is worth learning from!" Cha Jimin seemed to be deliberately trying to teach his son, and seemed to be sincerely praising him.
Zha Maosheng smiled and said, "That's what father said!"
Lin Zuhui had no choice but to get to the point directly: "Mr. Cha, Brother Cha, what do you think of our real estate prospects in the new era?"
"Very good. If you are the best in that field, it must be in the real estate field!" Mr. Cha praised.
"Indeed, the real estate reserve owned by New Era Real Estate is the fourth among all real estate companies in Hong Kong, surpassing New World!" Cha Maosheng also agreed.
New World Development has invested heavily in the New World Center and Convention and Exhibition Center projects. In addition, they are all rental properties, which occupy a large proportion of funds and are slow to withdraw funds. Therefore, in the end, they are weaker than the other three major families in the field of real estate development. of real estate companies. However, New World Development also has a bright spot, and that is the hotel industry, which is much better than the other three.
Lin Zuhui continued: "I am also optimistic about the development prospects of Heung Kong Industrial, so I would like to make a cooperation proposal. How about our New Era Group issuing new shares in exchange for about 15% of the new shares of Heung Kong Industrial? Through share exchange, we can strengthen our cooperation. connect!"
The market value of New Era Real Estate is currently nearly 8 billion, while the market value of Xiangjiang Industrial is only 1.5 billion.
"Are you optimistic about Discovery Bay, a geomantic treasure land?" Cha Jimin said directly.
"good!"
"Can you tell me your reason?"
Of course, Lin Zuhui would not hide anything. After all, he was optimistic about Discovery Bay for no reason, and others did not believe it.
"The load of Kai Tak Airport is increasing day by day, and a new airport plan will inevitably be launched sooner or later. Once the new airport plan is launched, Lantau Island is the best choice. By then, traffic in Discovery Bay can pass through the cross-sea bridge to the city, or through the airport Rail connectivity.”
Cha Jimin and Cha Maosheng showed a hint of pride on their faces. Discovery Bay is a treasure of the Cha family, and they are very proud to be so favored by others.
Lin Zuhui added: "Although Discovery Bay's prospects are very good, it will take time to complete. And our New Era Real Estate will soon enter an explosive period, and our abundant land reserves and good reputation are enough to enable Xiangjiang Industrial Development Don’t suffer!”
I have to admit that in the eyes of market people, New Era Real Estate is obviously more popular, and much more popular!
Mr. Cha and his son also nodded and acknowledged this.
"Well, I think this deal will not be a loss, so I can agree! However, we have to go back and talk about it at the board of directors!" Zha Jimin thought for a while and said.
"No problem, I'll wait for your reply! If successful, I will introduce Brother Cha to the board of directors of our New Era Group."
The Chas and his son were immediately excited. New Era Group was a rising star, while Heung Kong Industrial was at best a potential stock.
If the share exchange is approved, New Era Group can hold 15% of the shares of Heung Kong Industrial, while Heung Kong Industrial can only hold 2.8% of the shares.
Of course, Lin Zuhui will not care about one more small shareholder with 2.8%. Anyway, he will increase his shareholding to more than 45%, and whoever holds the remaining shares will not hold it.
But once New Era Group becomes an important shareholder of Heung Kong Industrial, it will not only be able to share its future dividends, but also take the initiative in cooperating on the Discovery Bay project.
Because Xiangjiang Industrial's development capabilities are not strong and its financial strength is too weak, the Discovery Bay project is all done in cooperation with outside real estate companies, so Lin Zuhui is very interested in cooperation on projects.
This is equivalent to making money twice!
During the dinner, Lin Zuhui did not mention the cooperation in the fourth and fifth phases of Discovery Bay. After all, once the share exchange is successful, Cha will definitely ask New Era Real Estate to participate in these two projects.
Then again, if Lin Zuhui advocates a share swap between the two companies this time, will he offend Zheng Yutong?
Lin Zuhui is not worried about this at all. Zheng Yutong's character would not think of exchanging shares. In the previous life, New World Development's investment in Heung Kong Industrial was done by Zheng Jiachun, and at that time, there was already talk about the new airport plan, and Zheng Jiachun did it. made this decision.
Therefore, this share exchange will not affect the relationship with the Zheng family!
On the contrary, for the fourth and fifth phases of Discovery Bay, the three companies must cooperate!
...
...
In the conference room of Chinese Real Estate, Lin Zuhui invited the heads of several banks to come to the company to review the accounts, and planned to borrow another huge sum of 1 billion. Since the stock market crash, Chinese Real Estate has done very little, except for the purchase of 300 million worth of rent-collecting properties. In addition to the properties, it spent a huge sum of 450 million to basically buy out the properties of its subsidiary China Entertainment, of which the Entertainment Building alone was worth 400 million.
In fact, Chinese Real Estate still has a cash flow of more than 300 million in its account, while its debt is only 1.5 billion.
The asset value of Chinese Real Estate is over RMB 8 billion, its net assets are nearly RMB 7 billion, and its annual net profit from renting properties is expected to be RMB 600 million. Let me ask, what bank wouldn’t love such a high-quality company?
A number of bank executives who often cooperate with us have given us positive reviews!
The person in charge of Standard Chartered Bank praised: "As a shareholder of Chinese Land, Standard Chartered Bank has paid great attention to Lin Sheng since he first took over Chinese Land. Two years ago, Chinese Land's net assets were only less than HK$600 million.
; Two years later, the net assets of Chinese Land have increased more than ten times. The current five buildings of Chinese Land (the Entertainment Building has been demolished) are all very high-quality buildings with low vacancy rates and excellent rents. Standard Chartered Bank is very optimistic about them.
Subsequent development. This time, we are willing to assume a loan amount of 400 million yuan."
Lin Zuhui said with a smile: "Thank you for the high praise from Mr. John. I have always regarded the interests of shareholders as the most important. I believe that as a listed company, it is essentially a public company. As a parent, I will naturally do my best to seek benefits for all shareholders."
income."
Bankers once again praised us!
It can be said that since the August 7th stock market crash, Lin Zuhui's reputation has been very high in Hong Kong; so much so that when other stocks fell as much as 40 to 50%, New Era Group only fell by 30%, and Chinese Land fell by less than 30%; the two companies
Among the blue chip stocks, it is also one of the best.
(Note: New Era Group, Chinese Real Estate, was included as one of the 50 blue chip stocks in March.)
Soon, all the 1 billion loan limit was claimed by bankers, which made Lin Zuhui very satisfied!
Compared with the loans of other companies, the loans of Lin Zuhui's companies basically require bankers to come to the company, instead of the company going to the bank to borrow money.
For banks, Lin Zuhui's companies have large loan scales, guaranteed reputation, and low risks, so they are very willing to cooperate.
After all the bankers left, Lin Zuhui convened several senior executives of Chinese Land for a meeting.
"As everyone knows, this time we received a loan of 1 billion, plus we plan to issue 10% of new shares to our parent company, Chinese Real Estate, we can also get 500 million in cash, and we have 300 million in cash on hand, so we have more than 1.8 billion.
To be continued...