Lin Zuhui was sitting in the office of New Era Real Estate, checking the company's properties.
"It's still too complicated. They are all small high-quality properties. There are too few large-scale high-quality assets and it is inconvenient to manage!" He murmured to himself.
But there is no way around it. The real high-quality assets in his mind are undoubtedly office buildings measured in units of "buildings" and large-scale comprehensive shopping malls measured in units of "units". These are the real rent-collecting tools.
However, there is no need to worry. These high-quality investments have not yet been truly developed even in the hands of the four major families. Xiangjiang still has many opportunities left for him.
Some examples:
He vaguely remembered that in the mid-to-late 1990s, Sun Hung Kai owned 30 shopping mall networks, including New Town Plaza Phases 2 and 3, New Tuen Mun Plaza, Metropolis Plaza, Tsuen Wan Plaza, etc. Sun Hung Kai has just developed a new
There are not many comprehensive shopping malls in the first phase of the city (Sha Tin).
Diamond Hill Hollywood Plaza, a subsidiary of Wharf Group, the Hong Kong government has not yet invited tenders for the land king of Diamond Hill;
The land for the famous Central Plaza has not yet been released...
This shows that there are still many opportunities for rent-collecting properties in Xiangjiang!
What he wants to do is to strengthen the strength of New Era Real Estate and seize these properties when the time comes.
If you want to strengthen a company, it is undoubtedly to acquire high-quality listed companies and form a consortium;
For example, in the previous life of Aimeigao, Liu's strength instantly doubled several times through the acquisition of Huazhi and China Entertainment;
The reason is very simple. Originally, the rights issue raised funds from one company, but now it can be done by three companies. The strength has increased several times.
"Let's develop in a low-key manner for a while!" Lin Zuhui put down the information and sighed again.
This time he made quite a splash. Although the main acquirers were the Qiu Degen family and the Ma family, Lin Zuhui's participation in the acquisition of an established real estate company was an outstanding achievement in itself.
Chen Bin, the director in charge of real estate development (sale), came to his office respectfully. All employees of New Era Real Estate didn't admire their boss.
New Era Real Estate's non-recurring profits this year reached nearly 100 million yuan, which is really impressive!
The so-called non-recurring profits literally mean income that is unexpected by the company.
"Boss, two real estate projects in Ping Shan and Yuen Long, New Territories, are now ready for sale! I want to ask what you mean?"
Lin Zuhui said without hesitation: "No, we don't sell off-plan properties! There are not many properties developed by New Era Real Estate, so there is no need to worry about not being able to sell them like large real estate developers. In the first half of next year, we will sell off-plan properties directly, and the funds will be recycled even larger
, the price sold is higher!”
New Era Real Estate has a large proportion of rent-collecting properties. The main reason is that the company's strength in real estate development is still in the accumulation stage; in fact, large real estate developers pay attention to the rotation of goods, that is, they mainly develop properties (sales), and the proportion of rent-collecting properties
No more than 30%.
Lin Zuhui has already made arrangements. After acquiring China Real Estate and China Entertainment, he will immediately make adjustments to New Era Real Estate. This is called structural reorganization.
"Okay, I understand!" Chen Bin nodded and said.
He is a very pragmatic person. Although New Era Real Estate currently has only seven sites under development, he does his work very carefully, which makes Lin Zuhui feel at ease.
New Era Real Estate is actually not weak in property development. They were originally a small real estate developer, but they have seven sites under development, including one medium-sized site (Pok Fu Lam land), which is already in the mid-sized real estate market.
He is considered a leader among businessmen.
But now is the time to accumulate foundation, and there is no need to classify yourself as a medium-sized real estate developer.
There was a lot of work in the morning. Lin Zuhui also listened to Liang Zhenxun's property acquisition status (raising 200 million rights issue), and Gao Yi's progress on Weiyi Real Estate's sale of properties to New Era Real Estate.
This time, Weiyi Real Estate (the shell company of Wanhui Publishing House) sold about 60 million properties to New Era Real Estate, and the funds that New Era Real Estate recovered from the Dasheng Real Estate acquisition war were used to pay Weiyi Real Estate.
As a result, New Era Real Estate's asset value at the end of 1985 will reach about 1.5 billion, and its debt will be more than 500 million.
What a brilliant result!
To sum it up:
New Era Real Estate raised about 400 million in the stock market this year, all of which were purchased into properties, which are expected to be worth 500 million by the end of the year;
When New Era Real Estate was taken over by Lin Zuhui, the property assets were worth 160 million. Subsequently, they appreciated by about 35%, and were valued at 220 million at the end of the year;
With bank loans and non-recurring profits, the value of the purchased properties is around 500 million;
Coupled with the appreciation of real estate and off-the-plan properties, it is about more than 200 million.
Therefore, the asset value is 1.5 billion, which can barely be reached by the end of the year.
In 10 months, the book assets increased nearly ten times. This achievement was two months ahead of schedule compared to Luo Xurui's achievement in managing Century City in his previous life.
Moreover, Luo Xurui's assets increased from 50 million to 500 million, and Lin Zuhui's assets increased from 160 million to 1.5 billion. The difficulties are quite different.
In fact, this kind of achievement is not a myth. After all, Lin Zuhui personally spent 110 million real money to invest in New Era Real Estate, including the first cash injection of 4,000, and the subsequent rights issue of more than 70 million.
Wang Qilin also took out two high-quality land parcels and injected them into New Era Real Estate.
After all, it’s hard for a clever woman to make a meal without rice. If you don’t have money to invest, it will be useless no matter how strong your skills are. No matter how good the environment is, you will get twice the result with half the effort.
Another problem with New Era Real Estate is that, excluding non-recurring profits, the net profit is not high; the reasons are: high bank interest (devouring profits), low income from property development (no income yet), and heavy reliance on rent collection.
The outstanding assets of New Era Real Estate are reflected in the appreciation of the company's assets; however, although the assets have increased in value, they are all rental properties after all. If they are not sold, the profits will naturally be less; as for rent collection, it also requires costs, personnel
Costs, property maintenance costs, taxes, etc. are not how much rent you collect, but your net profit.
"Forget it, after the company adjusts next year, we won't have these worries anymore! This year we will have a non-recurring profit of nearly 100 million, and the annual report in March next year will be very eye-catching!"
"Not only that, before March, New Era Real Estate will sell those pre-construction properties, and it is expected to make a profit of 60 to 70 million yuan, which is also an outstanding achievement!"
Lin Zuhui slowly closed his eyes, thinking about what to do next year. When doing real estate, you must have a long-term vision.
Why is Sun Hung Kai Properties so great? It even surpassed Cheung Kong (market value) in the 1990s. An important reason is that it owns the "No. 1 land bank in Hong Kong". The cost of the land was purchased during the trough of real estate in the 1970s and 1980s. The cost price
Extremely low (in 1984, the statistical cost was less than 200 yuan per square foot, totaling 11.4 million square feet), which led to high profits for subsequent development sites.
New Era Real Estate will begin to change its strategy next year—strengthening property development and reducing rent-collecting properties, while Chinese Real Estate is its own rent-collecting company.
By the way, after acquiring Chinese Real Estate, Lin Zuhui has to start preparing to enter the mainland real estate industry.
On the same day, Ma Qingwei, chairman of Dasheng Real Estate, "passionately" announced at the media meeting that the Ma family already owned more than 51% of the equity of Dasheng Real Estate, marking a great victory for the Ma family.
At the same time, Metason Securities and New Era Real Estate also issued statements through their financial companies, officially giving up the acquisition of Dasheng Real Estate and transferring part of their shares to the Ma family.
The media have speculated that this time Metason Securities and New Era Real Estate made a profit of more than 80 million yuan, which has greatly attracted the limelight.
New Era Real Estate did not announce its profits this time, but the stock price was still stimulated, rising from 2.52 yuan to 2.68 yuan that day.
In this acquisition war, New Era Real Estate played a supporting role, but in the end it was favored by the media, and various rumors were flying all over the sky. This was something Lin Zuhui did not expect.
Fortunately, when there are too many rumors, even if some things are true, they are just rumors!
...
Deep Water Bay Golf Course is part of the Royal Hong Kong Golf Club. After the handover, the club removed the word "Royal".
At present, the Royal Hong Kong Golf Club has two courses, one is the 18-par course in Fanling and the other is the 9-par course at Deep Water Bay. Among them, Deep Water Bay Golf is a branch course of the Royal Hong Kong Golf Club.
Lam Cho-fai is not a member of the Royal Hong Kong Golf Club. Although he is well-known, he has developed so rapidly that he is currently not a member of the Jockey Club or the Golf Club, but he is queuing up to apply.
A few days ago, he wanted to have a get-together with Zheng Yutong, a fellow from Shunde, but Shark Dantong took the initiative to hold the party at the Deep Water Bay Golf Course. The two met twice at various gatherings, but they were just casual acquaintances.
Lin Zuhui has recently felt that his career will develop in Southeast Asia, Europe and the United States sooner or later, so he wants to find a backer to take him to Southeast Asia, Singapore, Canada, the United States and other places to invest.
It is inevitable to find a backer. When Liu acquired Huazhi in his previous life, his fellow countryman Li Chaoren also invested in him. This fully shows that this kind of fellow countryman is still reliable. Shark Dantong even likes to play with his juniors.
He is the leader of the famous 'Big D Club'.
In an interview in his previous life, Liu said, "I seldom discussed business with Brother Tong, and Brother Tong would often teach me how to be a good person. Interviews such as 'Don't get angry' show that this Shark Dantong is still very supportive of his younger generations."
"Uncle Tong, you are in good mental and physical condition!" Lin Zuhui greeted him warmly upon meeting him.
Shark Dantong seemed very happy to hear this. He held Lin Zuhui's hand and said: "Recently, I have been strengthening my daily diet and exercising. I don't eat high-cholesterol delicacies and eat seafood, vegetables and fruits instead. Every day at 12 o'clock
Go home and rest on time! How do you feel? Are you feeling much better mentally and physically than when we first met?"
Believe it or not, there will be news in later generations saying that you often stayed up all night hoeing and having a great time with a group of friends.
The reason why he is like this now is because this year his friends Feng Jingxi and Yang Zhiyun both fell ill and died, so he was frightened. After a while, he may not be able to help playing anymore. After all, as he said, 'I like to watch pretty girls the most.
'. Later, Zhou Cuiying complained directly to Zheng Yutong, "He doesn't want to play with me now, he just wants to be with his girlfriend."
Lin Zuhui naturally followed the wishes of his new backer and said: "It's changed a lot, but it's the first time I've seen you, and you're in good health too!"
The two were not in a hurry to play golf, but had afternoon tea in the clubhouse lounge.
When Shark Dantong saw Lin Zuhui taking the initiative to ask him out, he was very happy to meet his fellow countryman, and the words were quite friendly. Mainly because of the things Lin Zuhui had done and his achievements, they were enough to impress these older generation businessmen.
"You've been very popular lately. I often see news about you, and I lament that you're a terrible young man!"
Shark Dantong lamented that young people are terrible, but he is the only one of the four major families who has not acquired other listed companies. As he said, 'Acquiring companies that others have worked hard to establish is taking away people's money.' He is a very conservative businessman;
For its development today, Chow Tai Fook laid the foundation, New World Center was its peak, and today's Convention and Exhibition Center will be another peak.
Fortunately for Li Zhaoji, neither Towngas nor the Miramar Hotel were actively acquired.
Although Lin Zuhui admired these two people, his style was a new era business style and he would not learn from it.
Snipe when it's time to snipe, and acquire when it's time to acquire. Until he's strong enough, he won't be a bad guy anymore.
"It's all nonsense from the media. This time I was invited to participate in the company, and they insisted that I was the leader!"
"You are young and you have news material to write about!"
"Brother Jiachun and I can't compare to each other in this regard. He is low-key, doesn't like to be in the limelight, is conscientious in his work, and has a bold and decisive attitude!"
"No matter how much you praise him, he's not as good as you! Of course, Jiachun is very suitable to take over from me. When we are at this point, we have to defend first and then attack!"
The two chatted very well, and they didn't seem to shy away from anything. Zheng Yutong even named his "successor."
However, Lin Zuhui disagreed in his heart and said to himself, "When Zheng Jiachun takes power, you, me, will realize that he is just suppressed by you. Once he is released, it will be terrible. He will invest heavily and make acquisitions everywhere, and he will even hesitate to acquire Yongan Group with hostility."
, which eventually led to high debt levels in the New World. If you hadn't stepped in again, the New World would have been in danger.'
The two sat for a while and then went to play golf. Lin Zuhui was very skilled and used to play golf with Wang Qilin. Every time he played golf, he couldn't help but think of Guan Jiahui, but he was not a pervert. It was just that the rumors were too hateful.
, he couldn't help but think about it.
On that day, the two of them were just chatting. There was really no need to discuss business. After all, it was their first real contact.
If Lin Zuhui wins China Real Estate and China Entertainment, Liu will definitely look for a new real estate company to attack next year. After all, his Aimei High is an industrial stock. If he wants to enter the real estate industry, he can only acquire real estate companies.