Chapter 72 Meeting with the head of Lixin (4K, please read it)

Author: Stupid Old Leek

Chapter 72 Meeting with the head of Lixin (4K, please read~~)

Standing at the door of the room, Wu Nianzu couldn't help but sigh. He thought he would have a high-end secret meeting in some high-end private business club, but he didn't expect to have a direct conversation in a hotel room.

Rich people like Lin Baixin don't even live in five-star hotels. It has to be said that many people of the older generation who started from scratch are not people who are greedy for enjoyment and are very frugal.

The two followed Lin Jiankang to the reception room in the suite, where they saw Lin Baixin, the head of Lixin, sitting on a chair reading a newspaper.

When Lin Baixin saw Chen Ziwu arriving, she didn't get up. She stretched out her hand to signal Chen Ziwu to sit down, and then said: "Jiankang, please step aside first."

Lin Jiankang nodded, walked out slowly, and looked back at Wu Nianzu.

Lin Baixin also looked at Wu Nianzu, who was standing motionless, and then at Chen Ziwu, meaning you won't let your follower go out?

Chen Ziwu smiled when he saw this and said: "Uncle Lin, let me introduce you to you. This is my partner, Wu Nianzu!"

Lin Baixin then took a good look at Wu Nianzu. The young man was quite energetic. As for whether he was handsome or not, this was not Lin Baixin's concern at all.

Wu Nianzu bowed slightly to Uncle Lin, and then said hello with a smile: "Hello, Uncle Lin, I admire you very much! It's not because your family has a great business, but because you are willing to do good things!"

What Wu Nianzu said was true. Lin Baixin has done a lot of charity, not only in Hong Kong Island, but also donated hundreds of millions in the mainland. No matter what the purpose is, it is a good thing to use real money to support domestic development!

When Wu Nianzu saw Lin Baixin nodding to him, he sat next to Chen Ziwu.

"Chen Ziwu, what a good trick, even Wanwan helped you cooperate!" Lin Baixin looked directly into Chen Ziwu's eyes.

"Uncle Lin, if that's all you're talking about today, then there's no need for us to talk." Chen Ziwu said with a smile.

"Tell me, Chen Ziwu, what do you want?" Lin Baixin also knew that testing wouldn't yield anything, so she just got straight to the point.

"Uncle Lin, I want Lixin Group, will you give it to me?" Chen Ziwu and Lin Baixin looked at each other.

"Hmph! Young man, you don't have to worry about dying if you have such a big appetite!"

"I can't help it. Young people have better appetites than old people! I can eat 3 pounds of meat in one meal. I wonder if you can do that, Uncle Lin?" Chen Ziwu said tit for tat.

Lin Baixin was speechless when she heard this. She picked up the tea cup from the side, blew in it slowly, took a sip twice, and then said:

"Chen Ziwu, we Chinese value win-win when doing business! I can agree to your entry into Lixin, but you must give up your right to vote."

"Uncle Lin, I respect you as a senior, but you don't want to treat me like a three-year-old child!

If you ask me to be a mascot for Lixin, I can continue to be the master of the company, and you can use my fame to increase the stock price. You can also scare away other tigers and wolves with ideas. Daydreams are not so beautiful!

Uncle Lin, I know you people still think that I am a financial upstart, without what you call a wealthy background.

But don’t forget, Uncle Lin, you also used to set up a street stall back then!

I, Chen Ziwu, am able to build my current wealth not by the charity of others, but by the meat cut off from others one by one!

Lixin, I’m determined, even if Jesus comes, I won’t be able to stop you!”

Wu Nianzu looked at Chen Ziwu's aggressive appearance. If he didn't know his goal, he would really be frightened by him.

"Did you decide? Do you really think that I, Lin Baixin, have been hanging out in the mall for decades, or am I still fighting alone?!"

Lin Baixin was born in Chaoshan. She is an iconic figure of Chaozhou merchants in Hong Kong Island and the honorary president of the Chaozhou Chamber of Commerce. At this time, Li Jiacheng's status in the Chaozhou Chamber of Commerce was not as high as his.

Li Jiacheng would not truly become the representative and pinnacle of Chinese businessmen until he made a huge profit of 160 billion in 1999, shocking the entire Chinese community.

In the past few years, the richest man in Hong Kong Island was not Li Jiacheng, but Li Zhaoji. However, after the property market plummeted, Uncle Li's net worth also shrank by tens of billions, and he is now living a hard life.

Chen Ziwu smiled: "Uncle Lin, you think I, Chen Ziwu, are scared!

After the financial crisis, how many of you Chaozhou merchants still have liquid funds?

Li Jiacheng did not suffer much loss, but now all his energy and resources are devoted to the European communications war. Do you want him to save you?

A year ago, maybe you could borrow 10 billion with just one sentence, but now?

It’s not that I look down on you, the Chaozhou Chamber of Commerce. At this juncture, if you can borrow 1 billion, you’ll be very happy!

Can 1 billion fill your hole, Uncle Lin?

Azu, do you know how much debt Lixin Group has now?"

Wu Nianzu smiled and replied: "I don't know the whole Lixin Group, but I know the development of Lixin very well.

Lixin Development's stock price peaked at 12 yuan in 1997. When Lin Bo went to Wanwan, it had fallen to 2 yuan. Now it is only 60 cents, with a market value of just over 600 million!

But Mr. Lin’s 7 billion acquisition of the Furama Hotel in Central last year increased its debt to more than 10 billion. I heard that no one is interested in the Furama Hotel now, even 1 billion. I wonder how much it can be sold for in a bank auction?”

"Uncle Lin, I'm not in a hurry. I have the patience to take my time, but I don't know if those creditors who lent you 10 billion have the patience to accompany you." Chen Ziwu smiled.

But Lin Baixin remained calm: "You don't need to scare me with the bank. They just pressed me. If they really dare to force Lixin into bankruptcy, they won't get a penny!"

Lin Baixin didn't care whether she was cheating or not, as she understood that it was the uncle who owed money at this time.

"Okay, Uncle Lin, let's meet at the board of directors then!"

"What do you mean?" Lin Baixin asked with a frown.

Chen Ziwu ignored him and said to Wu Nianzu: "Azu, do you know why Liu Luanxiong always succeeded in his sniper attacks?"

Wu Nianzu shook his head.

"It's because there are too many major shareholders on Hong Kong Island who always want to gain control of the company at the minimum cost. For example, Lixin Group has several cross-shareholding companies. In fact, the Lin family's controlling stake is only 34%."

The so-called 34% is just a safe holding, with one-vote veto power.

"So the Lin family doesn't have absolute controlling interest in Lixin?"

"Azu, you said that you would be a minority shareholder. Do you support me or the Lin family?"

"Of course I support you, brother Ziwu! Uncle Lin is locked up in Wanwan and may go to jail at any time. The heirs of the Lin family cannot hold up the wall. In this critical moment, how can the Lin family compare to you, the stock god!"

"Azu, you don't even know that when I went to contact those shareholders, they were all excited and eager to recognize me as their godfather!" Chen Ziwu said with excitement.

Lin Baixin began to change her expression: "Chen Ziwu, you! How much equity do you have now?"

"Why should I tell you? In short, I hold shares in four of your listed companies through different agents. Will those loyal ministers you thought would still help the Lin family now?

They will follow whoever leads them to make a fortune, and whoever leads them to lose money, they want to kill him!

Uncle Lin, don’t you understand such a simple truth?”

Lin Baixin held the cup firmly, closed her eyes, and said after a moment:

"Chen Ziwu, you don't need to scare me. If you really get 51% of the equity support, there is no need to come to see me! Tell me your real purpose!"

Chen Ziwu smiled and said:

"As expected of Uncle Lin, but don't think that I can't handle it. I just don't want to waste so much time now, and I don't want to embarrass you too much, Uncle Lin.

Lixin Development, if you sell your equity to me, I will not make any further moves in the other three listed companies."

Lin Baixin also regained her composure at this time: "Why, didn't you just say that Lixin's development is worthless? I still say the same thing, I welcome you when you come in, and we can make a fortune together!"

Don't look at the current low stock price of Lai Sun Development, but it actually has control over many good projects, such as Causeway Bay Plaza, Lai Sun Plaza, InterContinental Hotel Jingyao International, etc.

"Lixin's development is worthless in the hands of your Lin family, but of course it will be different in my hands! If you don't agree, Uncle Lin, it will be a war of attrition to see who can outspend whom."

"Huh!" Lin Baixin ignored Chen Ziwu and started drinking tea by herself.

"Uncle Lin, I wonder what you think of the turmoil in Hong Kong Island?" Wu Nianzu suddenly asked.

"It's just a temporary low. Hong Kong Island's property market has experienced six rounds of ups and downs, and the low point will not last more than three years." Lin Baixin said lightly.

This is also the consensus of most people on Hong Kong Island. Because there is a serious mismatch between land supply and demand on Hong Kong Island, housing prices will always rise.

“Bo Lin, do you think the property market was brought down by Soros’s attack on Hong Kong and will pick up in two years?

Thinking about the property market, we have to wait until the economy improves and people have money to buy houses.

The housing affordability level on Hong Kong Island reached 90% in 1994. It improved in 1995 and dropped to 70%. However, it rose again in 1996 and reached 110% in 1997! Then it collapsed during the increase!

In other words, on average, all people have negative equity and are working to pay off their mortgages!

After the financial crisis, the income level of the public has dropped. It will take more than 10 years to repay 10% in one year, and it will take 7 years to repay 15% in one year!

Only when this number drops to 30% or even below 20% will the public have the money to support a new round of recovery in housing prices.

And don't forget that there is an 85,000 plan, which will extend this time even further.

If it wants to rise back to the level of 97, it will be far away.

Uncle Lin, I would like to take the liberty to ask, can the Lin family wait 7 or even 10 years?"

Lin Baixin was also stunned when she heard what Wu Nianzu said was very simple. It was not that he didn't understand.

Of course he knows about the 85,000 plan. Last year, in order to alleviate the housing pressure on Hong Kong Island residents, the chief executive proposed to supply no less than 85,000 residential units every year, hoping that 70% of households in Hong Kong would be able to buy their own homes within 10 years.

In his opinion, this plan will definitely be implemented. After all, the old director has just taken office and is the first chief after returning. How could he slap himself in the face?

The key is still the last sentence. Can the Lin family wait 7 years?

He, Lin Baixin, is 83 this year, not 38. Unlike Chen Ziwu, he can't afford the energy!

If it is really dragged into the whirlpool of the real estate industry for so long, and several other companies cannot develop, is it worth it?

When Wu Nianzu saw Lin Baixin, he was speechless and continued:
To be continued...