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Chapter 352 [Convention Plaza Building]

One day in early August, Lin Zuhui came to the office of Cheng Jiachun, general manager of New World Development.

At this time, New World Development's debt has reached 6 billion, which should be 1 billion higher than the same period in the previous life (the expenditure on the two Yong'an buildings).

Cheng Jiachun is not Lin Zuhui. Lin Zuhui can reduce debts for companies in the financial market;

If Zheng Jiachun continues to carry out large-scale projects, he will only be able to obtain loans and self-raise funds.

This time, Zheng Jiachun plans to take back the 50% stake in the two hotels in the convention and exhibition center held by Hyatt Hotel Group at a high price.

At that time, Zheng Yutong developed the Convention and Exhibition Center and sold 50% of the two hotels above, the New World Seaview Hotel and the Grand Hyatt Hotel, to the Hyatt Group for HK$1.56 billion.

Now, the son Zheng Jiachun wants to take it back. Although real estate is now falling, Hyatt Hotel will not care about you so much. It must be sold at the price before the collapse (estimated to be 2.5 billion). After all, the convention and exhibition center has been built, and the two hotels

It's about to open for business and you have to redeem your shares. How can such a good thing happen?

Therefore, Zheng Jiachun's plan will inevitably require huge funds. In addition to bank loans, he also needs to raise some funds himself.

The two sat down on the sofa. Lin Zuhui said with a smile: "How did you come up with the idea of ​​selling the rights and interests of the Convention and Exhibition Plaza Building?"

Zheng Jiachun seemed to be very open-minded and responded: "When the price is ideal, it is our company's strategy to sell the office buildings in the Convention and Exhibition Plaza! I know you have sufficient cash flow on hand, so I called you to negotiate the price!"

"

Lin Zuhui nodded. It was a mistake for Zheng not to raise funds from the stock market. Today Zheng Jiachun plans to sell part of the equity in the Convention and Exhibition Plaza Building (office building), which is nothing. When he comes back to the world, he will sell off a large number of high-end properties. In his previous life, he was

Citizens jokingly call it 'Uncle Tong comes back and gives big gifts'.

The property situation of the entire convention and exhibition center is:

Two hotel towers (Grand Hyatt and Seaview, a total of 1,460 hotels)

Convention and Exhibition Plaza Building (office building, totaling 690,000 square feet)

Luxury residential building (self-service hotel management, lower price than hotel, and you can enjoy hotel services; property area: 720,000 square feet)

Exhibition hall lobby (200,000 square feet)

Restaurants and entertainment venues

"What percentage of your equity do you plan to sell?" Lin Zuhui asked.

Zheng Jiachun stretched out two fingers and said: "Two percent rights!"

The so-called 20% equity is of course just an estimate, and actual transactions are all sold by tiers.

Lin Zuhui asked again: "At what price do you plan to sell it?"

Although the two are friends, they came to the company today to discuss business matters. However, when purchasing the property in the convention and exhibition center, Lin Zuhui planned to hold it with Hengjin Real Estate, that is, he would hold it personally.

Zheng Jiachun said unceremoniously: "At 5,000 to 6,000 Hong Kong dollars per square foot, this is the flagship property of the convention and exhibition center. It is worth the price!"

It’s not expensive, and you can only buy it at this price at this time. Although the Convention and Exhibition Plaza is located in Wan Chai, even the office buildings in Wan Chai have high and low rents. Before the crash, the rent here was at least 50 to 55 yuan per square foot.

Lin Zuhui did not bargain, after all, this thing is rare on the market.

Next, Lin Zuhui carefully looked up the information on office buildings for sale (sold by floor). The total area was 150,000 square feet, with a total price of HK$830 million.

Finally, Lin Zuhui said: "Choose a date to sign the contract!"

Zheng Jiachun asked curiously: "You don't want to make a counteroffer?"

Lin Zuhui asked: "Why should I counter-offer? It is worth this money!"

For a time, Zheng Jiachun felt that Lin Zuhui's funds were unfathomable and envied him endlessly.

The purchase of the flagship property in the Convention and Exhibition Center is only part of the investment of Hengjin Real Estate. After all, Lin Zuhui personally prepared 8 billion in funds this time to buy the bottom; 3 billion of which was purchased for securities and futures, and the other 5 billion will be used for investment.

Properties (including the 1 billion spent by Garden Road Land King).

...

Lin Zuhui carried the gift and came to No. 1 Peak Road, Cha Liangyong's residence.

Speaking of Peak Road, the most expensive villa is of course No. 75 Peak Road - Ho Tung Garden. This villa has always been empty and was later sold for 6.3 billion. Of course, Lam Cho-fai had no interest in this villa at all.

interest.

Jin Daxia warmly received Lin Zuhui. Of course he knew why Lin Zuhui came to him, but he was originally the most optimistic about Lin Zuhui taking over the Ming Pao Group.

When Lin Zuhui saw "Little Dragon Girl" who was only five years older than him and 29 years younger than Jin Daxia, pouring tea for him, he quickly said thank you!

"Why are you so polite? It's not your first time here!" Xiao Longnu said with a smile.

Lin Zuhui smiled. He rarely played with Daxia Jin in recent years. He had too many things to do.

After tasting tea, Lin Zuhui explained his purpose: "Mr. Jin, Wanhui Media intends to take over the Ming Pao Group, and I hope you will consider it."

He doesn't need to talk about money. Jin Daxia also knows that Lin Zuhui is not short of money, so he doesn't care too much.

A trace of worry flashed across Jin Yong's face and he said: "You were originally my favorite, but now you are focusing on real estate. Besides, are you planning to directly let Wanhui Media integrate with my Mingpao Group?"

His worries are reasonable. If someone else wants to sell the business, Lin Zuhui can just merge the newspapers into Wanhui Media. But Jin Daxia is different. He also wants to take over and carry forward the Ming Pao Group, and the Ming Pao brand will continue to spread.

.

Therefore, Lin Zuhui said confidently: "Of course not! My idea is that we will first buy 70% of the equity of you and Mr. Shen. During this period, you will continue to serve as the chairman of the board of directors, and we, Wanhui Media, will lead Ming Pao

The group is listed. After the listing, the Ming Pao Group is essentially a public company. All aspects of management integrate Chinese and Western methods, and adopt a relatively independent management method. Moreover, my idea is to attach importance to the overseas issuance of "Ming Pao"...

.In short, we will continue to develop Ming Pao Group instead of sitting on the dividends."

This chapter is not finished yet, please click on the next page to continue reading the exciting content! Ming Pao Group only made a few dollars, and it was estimated to be only 1.5 to 2 billion in the 1990s. It can only be said that Wanhui Media made a little bit of money;

But if you use the money you spent to buy Mingpao to invest in real estate, you don’t know how many times you will earn.

What he values ​​is influence!

When Jin Daxia heard that Lin Zuhui planned to list Ming Pao and conduct a more independent business operation, it was very useful. Moreover, "Ming Pao" had the resources and support of Wanhui Media.

"I am keen to seek a young man who is smart, capable, enthusiastic about journalism, and sincerely hard-working to take over the Ming Pao Group. In all aspects, you are the best candidate. The only drawback is that you are too busy!" Jin Yong smiled.

said.

Stable! Lin Zuhui thought to himself.

Lin Zuhui immediately said: "Mr. Jin, what do you think of ATV's performance in the past two years?"

Jin Yong nodded, even showing admiration, and said: "The performance is naturally very good. All the people in Hong Kong praised it. There are finally two channels in Hong Kong that everyone likes to watch! And I also know that everyone said that you accounted for half of the

More than enough credit!”

Lin Zuhui said modestly: "I definitely don't get half of the credit. After all, I only work at ATV half a day a week."

Jin Yong was relieved, and then he remembered that Lin Zuhui's memory and wisdom were far superior to ordinary people!

"I'm afraid you won't even stay in Mingpao for half a day, right?"

"Jin Lao, we at Wanhui Media are full of talents, I believe you are aware of it. Moreover, Mingpao itself is also full of talents, so why should you worry. Besides, with you and me watching, and the integration of resources of large groups, I believe

"Ming Pao" will have better development."

Anyway, these are just words to coax people, so Lin Zuhui will say more. Regarding the development of Ming Pao, his original intention is to proceed step by step and let Wanhui Media provide certain support in news materials. To put it bluntly, it means resource sharing and distribution.

Daxia Jin nodded, no more doubts.

On the contrary, Lin Zuhui took the initiative to mention: "In terms of price, we at Wanhui Media have 500 million in cash and are willing to pay you and Mr. Shen for 70% of the equity!"

As expected, Jin Yong didn't care about the price, but asked curiously: "Why does a newspaper group have so much cash in its account?"

Unexpected!

Lin Zuhui said with a smile: "At present, Wanhui Media's annual profit is more than 300 million yuan. We are no longer a single newspaper/magazine group. Our comic industry accounts for 80% of Hong Kong's profits, with a net profit of hundreds of millions of yuan; not only that, we

The manga division in Japan can earn more than 50 million yuan in Japan every year... We also own huge properties, and a lot of funds are earned from selling properties."

Jin Yong sighed and said: "You have completed the media group as well as the real estate group!"

Lin Zuhui said: "I am preparing for a rainy day! The newspaper industry in Hong Kong has always been unstable. I think if you want to run a newspaper with peace of mind, you should have a huge group and huge profits to support the long-term operation of the newspaper industry. For example,

"Overseas Chinese Daily" has a history of more than 60 years. If the Cen family has strong financial strength to modernize its operations and revise its edition, why would it need to change hands?"

Jin Yong had to admire Lin Zuhui's brains. Others thought very long-term and were prudent.

On the same day, the two people had almost finalized the deal, which shows that Lin Zuhui's investment over the years has been very effective.

You know, we talked about it for two years in the previous life.

It was rumored that more than 10 consortiums wanted to acquire Ming Pao at that time, including:

The acquisition partner formed by acquisition experts Liang Botao and Zheng Jinghan;

British newspaper tycoon Maxwell;

Li Ka-shing, Hong Kong’s richest man;

Jardine Matheson, Hong Kong’s chief foreign banker, and Australian media tycoon;

Rupert Murdoch, the majority shareholder of the South China Morning Post;

The owner of Tokuma Bookstore in Japan and his consultant Yu Pinhai.

But in this life, Daxia Jin was not only satisfied with the price given by Lin Zuhui, but also with Lin Zuhui as a candidate.

Although verbally agreed, the transaction between the two parties still requires contact at the company level and communication with Shen Baoxin, another shareholder of Mingpao Group. Therefore, it is expected to take some time to be officially completed.

Of course, Lin Zuhui believes that Jin Daxia is not the kind of person who breaks a contract. After all, Yu Pinhai was so poor in his previous life, and Mr. Jin was willing to sell it. There is no reason why Lin Zuhui should not believe it.

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