Lin Zuhui works in the office of New Era Real Estate, but Li Jiaxin’s graceful figure appears in his mind from time to time;
He now finally knows: Why did Liu regret in his previous life that he was too much fun when he was young? This damn thing hurts his body!
He decided to pay attention to his diet and try to play until he was eighty years old!
"Boss, everyone is here, it's time for the meeting!" the assistant walked in and said respectfully.
"Okay, I'll be there soon!"
Lin Zuhui threw away the unhealthy thoughts in his mind and decided to make more money while he was young.
When I get older in the future and the investment environment becomes worse, it will be difficult to make money at that time.
Arriving in the conference room, the executives of New Era Real Estate sat upright one after another, their eyes following Lin Zuhui's movement.
Lin Zuhui came to the chairman's position and said seriously: "The meeting has begun! Director Liang will first report to everyone - the company's situation!"
Liang Zhenxun nodded. He had already prepared and memorized all the company's information. This was the style of catering to his boss, and the meeting efficiency must be high.
"Currently, New Era Real Estate's internal assets are revalued to 1.65 billion, debt is 512 million, and the debt ratio is 30%. It has seven properties under development, providing a residential area of 710,000 square feet, and more than 1,300 residential units.
...The asset value of rent-collecting properties accounts for 62% of the company's assets, and the rent-collecting properties are scattered and complex, with high operating costs... The company's land bank is at an average level among medium-sized real estate developers.
...The company's current market value is 1.39 billion, ranking 25th among listed real estate companies in Xiangjiang, and developing rapidly..."
After hearing what Liang Zhenxun said, some senior executives wanted to clap their hands happily, but one look at Lin Zuhui's face and they knew it was inappropriate.
Lin Zuhui was writing in a notebook with one hand and holding a pen in the other. He said calmly: "Let's talk about the current problems of the company!"
Today's meeting is not to sing praises. He has discovered the lack of potential of New Era Real Estate and some outstanding problems. Because he has high requirements for New Era Real Estate, he will never be satisfied with being a medium-sized real estate developer.
Chen Bin took the lead and said: "Let me talk about the issue of property development! Although New Era Real Estate has seven sites under development this year, which is also considered an upper reaches among medium-sized real estate developers, our company's land reserves and old properties are insufficient. If
The company's general direction is to be a developer, so we need to start increasing our land bank now... The lower the land cost, the lower the cost of developing buildings, and we will have greater competitiveness in the future."
This involves a general direction issue. Chen Bin also said that it depends on whether the boss wants to focus on collecting rent or developing the site!
Lin Zuhui nodded and did not express his position.
At this time, Gao Yi also said: "The company's rent-collecting properties also have some problems: shopping malls and office buildings account for insufficient proportion, residential buildings account for too much, the value of individual properties is low and scattered, and operating costs are high... We
You can try to sell some residential properties to increase the company's land bank."
Gao Yi did not ignore the overall situation of the company just because he was in charge of rent collection properties.
Next, the remaining senior executives also spoke one after another to find fault with the company!
After listening to everyone’s speeches, Lin Zuhui smiled and said:
"It seems that today's meeting was held in a timely manner and a lot of the company's problems were found! What everyone said makes sense. It's time for us to formulate the following development strategies for next year."
"First of all, I will contact various banks to provide loans of about 200 million in the near future. We will increase the company's land bank. Although the current price seems to have increased a lot, compared with one year later, two years later, what we bought today
property, it’s quite a bargain.”
Lin Zuhui's first move was Wang Zha. Now that Xiangjiang's real estate developers have just experienced a sharp real estate crash, no real estate company dares to bring its debt ratio close to 50%.
But Lin Zuhui dared because he knew there would be no big plunge;
After the '87 stock market crash', the overall real estate market fell by 10% to 15%, and the New Territories land exchange certificate fell by 30%;
After the "**** stock market crash", the overall real estate industry fell by 25% to 30%, but rebounded in less than a year (it took almost four years to rebound after the 82 crash, during which it was sluggish for more than two years).
To sum up, without the 1982 crash of more than 40%, a debt ratio of 50% is completely acceptable, and even 70% will not lead to bankruptcy. Of course, the premise is that the bank is willing to borrow money, which requires some rhetoric.
"Secondly, I plan to clean up a number of residential properties and properties with poor rent collection performance in February next year (1986), and withdraw about 200 million in funds."
The second point is very necessary. New Era Real Estate just acquired a batch of properties with poor rent collection performance from Weiyi Real Estate (the properties themselves have increased in value and made a small profit), plus the proceeds from previous purchases.
Rental properties (scattered, mainly residential), clearing these rent-collecting properties will not only recover 200 million in funds, but also reduce the company's operating costs, and ultimately make a lot of profits.
"Finally, after New Year's Day, we will begin to sell our residential properties in batches in small quantities. You must complete the procedures."
Everyone nodded in agreement and wrote down the boss's speech in their notebooks.
After the meeting ended, Lin Zuhui was still thinking about New Era Real Estate. After New Era Real Estate cleared out the rent-collecting properties in February, it will have to clear out some properties in the second half of the year to purchase land and reduce rent-collecting properties.
As long as it was before May 1987, it was worthwhile to buy land and old buildings to increase the company's land bank.
The reason why New Era Real Estate reduced the number of rent-collecting properties is because Lin Zuhui knew that he could gain the company of Chinese Real Estate. By then, one parent company would focus on real estate development, and its subsidiary Huazhi would focus on rent-collecting properties. As for China Entertainment, it would focus on eight-seven shares
Post-disaster privatization.
...
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Lin Zuhui himself talks about loans with banks. One of the biggest advantages is that the bank actually looks at the person first, then the company's development prospects, and finally decides whether to lend or not.
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In the eyes of bankers, an excellent leader determines the future of the company, so they are happy to lend money to excellent leaders.
Lin Zuhui is not only the chairman of the listed company New Era Real Estate, but now he has added another title - the chairman of the listed company Wanhui Media.
Wanhui Media's current market value is 400 million, and its annual profit can reach more than 40 million. In the Hong Kong media industry, it is second only to Sing Tao Group (80 million annual profit), Ming Pao Group (65 million annual profit), and Yulang Group (48 million
annual profit, unlisted), which is similar to Oriental Newspaper (annual profit of 40 million) and higher than Tiantian Newspaper (annual profit of 15 million).
This is because although Oriental Newspaper and Tiantian Newspaper have extremely high sales, these popular newspapers actually do not make money and cannot attract advertisers.
The monthly net profit of Wanhui Media's GOOD card can reach 1 million, not to mention that "FHM" and "GOOD" magazines are very popular among advertisers and can be called money-attracting tools.
.....
Bank of East Asia.
Lin Zuhui came to Li Guobao's office to discuss loan matters.
The reason why he loved the Bank of East Asia loan was because he wanted to make friends with Li Guobao; when he acquired Chinese Real Estate, his father Li Fushu turned against him.
"Mr. Lin, I took a look at the information you submitted yesterday! I found that your New Era Real Estate's non-recurring profit this year was 150 million yuan. This surprised me very much!"
The amount of speculation in real estate is also classified as a non-recurring profit. Therefore, it is a sniper of 23 million Aimei High, a short position of USD/JPY 036 million (241 points fell to 213 points), a sniper of Daisheng Real Estate 036 million, and speculation in real estate 0.5
billion, totaling non-recurring profits of 145 million.
Lin Zuhui nodded and said: "At the beginning of development, we had no choice but to take such risky investments. At present, our company is adjusting its strategy, which is to shift its focus to developing properties. This debt is to increase land reserves. In order to reduce the risk of
Under pressure from the company, next year we will gradually sell off some properties with poor rental performance and start selling off-plan residential properties."
Li Guobao praised: "Mr. Lin has not failed the new tycoons in the business world, and I very much agree with this strategic layout. As the largest creditor bank and cooperative ally of New Era Real Estate, we have approved your 100 million loan this time, with interest
It’s 12 centimeters.”
Lin Zuhui quickly expressed his gratitude. Bank of East Asia can undertake half of the loan at one time, which is obviously very good news.
"Don't worry, Li Sheng. As soon as the loan comes in, we will immediately buy high-quality land and old buildings and will not make other investment projects!"
The two chatted for a while, and then Lin Zuhui stood up and left. He did not dare to say that he would invite Li Guobao's father to have a meal or something, so as not to alarm the enemy.
This time for New Era Real Estate's 200 million loan project, he took the initiative to contact Bank of China and was able to get a loan of 50 million very smoothly. Getting the loan was the second best thing. After all, New Era Real Estate has many options. The main reason is that Lin Zuhui plans to start a business in Hong Kong.
Contact with Chinese banks and companies to prepare for entering the mainland.
As for the remaining 50 million funds, they were divided into two small banks for loans.
The 200 million portfolio loan was all negotiated on the last day of 1985. Lin Zuhui was a little proud of his charm.
He probably knows what these bankers think. He used to think that being young was a disadvantage, but once you make great achievements, those people will change their minds one after another.
After all, when you are young and achieve some achievements, they think it may be good luck; once you own two listed companies and the total market value approaches 2 billion (1.8 billion), those people will think that you are a genius and a wizard in the business world.
They no longer had any worries and all took a fancy to Lin Zuhui. At this time, youth became an advantage again.
On the last day of 1985, Lin Zuhui felt something in the office of New Era Real Estate.
He attributed the success of Wanhui Media to the fact that he stole the ideas of his predecessors. It happened that "FHM" and "GOOD" magazines broke into the virgin territory again, becoming the first to seize the opportunity and occupy the market.
If he were to run a daily newspaper, he would most likely be on the street.
For the success of New Era Real Estate, in addition to relying on the experience of his predecessors, he also had the help of contacts, familiarity with future real estate development, and most importantly, his advanced information. For example, he sniped at Aimei Gao and got it from Da Liu.
23 million; for example, if you short USD/JPY, you will make a profit of 36 million.