In the afternoon, Lin Zuhui came to Cathay City's office again.

Cathay City is a subsidiary of New Era Real Estate and the flagship hotel management company of New Era Real Estate.

At this time, there are four listed companies in the New Era Real Estate Group. New Era Real Estate controls Chinese Real Estate and Cathay City, both holding 49% of the shares; Chinese Real Estate controls China Entertainment, also holding 49% of the shares.

The stock price of Cathay City has been rising rapidly, and its market value has exceeded 500 million yuan. This is before the results of asset restructuring have been announced. For outside investors, they only know two things:

First, New Era Real Estate’s investment in Cathay Real Estate will definitely lead to a successful asset reorganization. This is due to its pursuit of Lin Zuhui;

Second, Cathay Real Estate's purchase of Hong Kee Building shows that the company has great potential and can also purchase office buildings in Central.

With these two pieces of useful information alone, Cathay City's market value soared from 130 million to 500 million.

Of course, in the past two months, the general environment of the Xiangjiang securities market has been good and the growth rate has been gratifying. This is an external factor.

Lin Zuhui called General Manager Lu Donglai and arranged: "Next week, Cathay City will raise funds for a rights issue, offering 3 shares for every 5 shares!"

Lu Donglai was surprised when he heard that the rights issue ratio was very high!

"Then should we release some news on the progress of asset restructuring to boost investors' confidence?"

After hearing this suggestion, Lin Zuhui took it seriously and said: "Well, release the revaluation asset report to the market and inform Cathay City of its intention to enter the hotel field."

Lu Donglai nodded, and then said: "The amount of this rights issue is huge, where is the funding from New Era Real Estate?"

Lin Zuhui said with a smile: "It's enough, isn't it 150 million! By the way, Cathay City's first rights issue, you invite Liang Botao as a consultant, this will go more smoothly!"

As far as the current situation is concerned, that is, New Era Real Estate does not need external consultants to raise funds through rights issues, and Liang Zhenxun is competent enough.

However, Yang Zhenxun is a busy man, so it would be better to hire an external consultant.

"Okay, I'll make arrangements!"

Cathay City has raised RMB 300 million this time. Lin Zuhui plans to go to She Tun Xiang and use the principle of "leveraged buyout" to acquire a high-quality hotel listed company.

For him, he is not afraid of Cathay City's high debt. He can make some money by speculating on futures contracts next year;

Then they sold some stocks of listed hotel companies before the '87 stock market crash', and then bought them back after the stock market crash.

In this way, there will be hundreds of millions of non-recurring profits, so why worry about the debt not being reduced!

Moreover, if one or two rights issues were raised before the stock market crash, the money would be there.

Rights issues do not require the payment of interest, and only require a small amount of dividends to be paid to shareholders, or even scrip dividends, which is quite cost-effective.

However, in this way, the burden of the group is concentrated on New Era Real Estate. As the parent company of Cathay City and Chinese Real Estate, it holds 49% of the shares, which is equivalent to raising funds through rights issues of two of its companies.

Real estate companies require half of the rights issue to ensure that the shareholding is not diluted.

This is also the reason why Lin Zuhui does not directly control several companies. He personally cannot afford rights issues in these companies.

.....

Back to New Era Real Estate.

Lin Zuhui called Liang Zhenxun and informed him about Cathay City's rights issue to raise funds.

Liang Zhenxun thought for a while and said: "New Era Real Estate still has 80 million in cash flow on its books, but we can borrow 150 million in rights issues. At present, our debt has been reduced to 1.35 billion, and the company's net assets have reached as high as

3.8 billion, we can definitely borrow another loan of 200 million."

He is not afraid of too much debt now. In the words of his boss, the debt ratio is something to consider next year, and he will only focus on development this year.

Lin Zuhui said: "The industrial plants invested in have been sold since mid-November; as for blue-chip stocks, the Hang Seng Index will be closed when it reaches 2,400 points, which should be the same as the end of November and the beginning of December."

Liang Zhenxun was shocked when he heard this. Why is this boss so confident about the trend of the stock market?

"At present, our blue chip stocks have made a profit of 160 million. If we follow the boss's analysis, there is no problem in making a profit of 200 million. A single investment in blue chips alone can bring back 300 million (margin of 20%, 100 million). If we add the industrial

The factory’s repatriated funds are 250 million, and the company will make a profit of 550 million from these two investments by the end of the year.”

Looking at Liang Zhenxun's confident expression, Lin Zuhui struck: "At the end of the year and early next year, Chinese Real Estate is expected to raise 1 billion in rights issues. According to the shareholding ratio, New Era Real Estate will ask for 500 million in rights issues! Cathay City will also have to raise funds through a rights issue.

, Generally speaking, New Era Real Estate needs a total rights issue of 800 million before the beginning of next year!"

When Liang Zhenxun heard this, he was not surprised. There were many listed companies on the market that raised funds through rights issues, and his own boss was not a traditional operator, so he would not miss it.

"New Era Real Estate can also raise funds through rights issues, it depends on what you want, boss!" Liang Zhenxun said cautiously.

If your boss doesn't have enough money, wouldn't it dilute his shares?

Lin Zuhui nodded and said: "New Era Real Estate should also raise funds early next year. Based on the market value of 4 billion, it should be no problem to raise 400 million from the rights issue. All the proceeds will be used to purchase land and old buildings!"

Both Cathay City and Chinese Land are divided into two rights issues - the end of this year and the beginning of next year. This way, the time is completely sufficient.

Liang Zhenxun was shocked. He thought that the funds raised from the rights issue of New Era Real Estate were used for the rights issue of the subsidiary. Unexpectedly, the boss made a big move and went to buy land again.

But he also understood that the withdrawal of industrial plants and blue-chip stocks was 550 million, and now he borrowed another 200 million in debt, plus the 80 million on the account, which is exactly 800 million!

Moreover, the company has been selling properties, and the funds are being withdrawn quickly!

The boss's abacus was very precise and his timing was accurate. Liang Zhenxun admired him deeply.

Finally, Lin Zuhui thought for a moment and then said: "The borrowing of 200 million, plus the cash of 80 million, means that after we raise funds through the rights issue, we still have 130 million in cash flow to drive. In this way, you spend 100 million to buy futures contracts,

Closing the deal this week!”

Look, the boss is too shrewd in his calculations and is unwilling to let funds idle at all, Liang Zhenxun thought to himself.

"Okay, I'll do it right away!"

Lin Zuhui nodded and said: "I will handle the loan matter and it must be completed this week!"

He is not worried that banks will not lend money. The New Era Real Estate Department is a hot commodity for bankers. Regardless of the high debt, those bankers are willing to lend heavily just because of Lin Zuhui's face.

This is when one's ability and credibility are recognized!

This time New Era Real Estate invested in futures contracts again, and Lin Zuhui also formulated the strategy based on the actual situation. Currently, the daily trading volume of futures contracts has once again increased, with 15,000 contracts traded every day, and the margin is more than 300 million.

If the market is large enough, investment can be increased. This is Lin Zuhui's strategy.

Of course, if you buy a contract now, you will probably earn a little over 10,000 per contract when it is settled at the end of December; and now the margin for a contract is already 23,000, which is equivalent to more than 40% of the profit in more than two months.

profit.

Still very cost-effective!

...

Lin Zuhui finally came to Chinese Real Estate. At this time, it was like the final mobilization stage of a battle. Lin Zuhui wanted his companies to start a new round of development at the end of the year, so he had to ensure that each company had enough bullets.

The development of Chinese Real Estate will be a leap-forward development, with its strength skyrocketing several times. In addition to the backing of New Era Real Estate (funding through rights issues), it will also gain huge profits from its own investments.

First of all, with an original capital of 200 million and five times leverage, a total of 1 billion worth of blue chip stocks were invested. It is expected to make a profit of 400 million yuan and withdraw 600 million yuan by the end of the year;

Secondly, for 7,500 December futures contracts, the buying point is only 2,000 points, and it is expected to be 2,500 points by the end of the year. Each contract has a net profit of 25,000, which is a net profit of 180 million, and the capital withdrawn is 330 million.

Finally, Lin Zuhui also plans to cash out his 18% stake in Hong Kong and Macau Development; the current market value of Hong Kong and Macau Development is 270 million, and it looks like he can make a profit of 50 million by cashing out.

Lin Zuhui made 1 billion for this company in one year!

In addition to these assets, Chinese Real Estate has property assets of 950 million, securities investments of 350 million (including China Entertainment Shares), and liabilities of 450 million.

The current market value of Chinese Real Estate is 1.5 billion, which is not high, but is greatly underestimated; after all, with the golden name of Lin Zuhui, the general market value will increase by 30%.

The reason for the low market value is that the outside world does not know much about Chinese Land’s blue-chip investment and futures contract investment.

Calling General Manager Gao Yi, Lin Zuhui said: "Let's put some smoke out of our company's investment profits and try to increase the market value! Also, I plan to package and sell the 18% shares of Hong Kong and Macao Development.

Go and inquire about any fund companies or investment companies that are interested in selling it at a premium of 10% or 20%."

Everyone knows that the development of Hong Kong and Macau is a potential stock. Jai Alai Stadium will be the third largest casino of Macao Entertainment, and the annual rent can increase several times. In addition, it is the major shareholder of Macau King, so it will definitely have huge development potential.

"The boss plans to raise funds through rights issues?" Gao Yi asked. This is almost his boss's signature routine. He releases good news before raising funds through rights issues, and then takes advantage of the booming stock market to raise funds quickly, quickly and accurately.

Use a huge amount of capital to purchase high-quality assets.

"Yes, but the rights issue will only be raised around the end of the year, but we can continue to release the good news first; in this way, if the Hang Seng Index rises to more than 2,400 points by the end of the year, our market value may be as high as 2 billion."

"Okay, I will take care of the arrangements!"

After Gao Yi left, Lin Zuhui finally felt relieved. He had made complete arrangements for the current financial arrangement.

By the end of the year and early next year, Chinese Real Estate expects its cash flow to reach more than 2 billion, plus half of the loan, it will be more than 4 billion available.

This amount of money is also a crucial investment for the four major families including Li Chaoren, an investment that shocked the whole of Hong Kong.

At this time, the first round of consultations had already begun regarding the acquisition of the development rights of the Twin Towers on the Admiralty MTR station. This round of consultations was just that Huang Tingfang proposed that the 'new' consortium was interested in purchasing the Twin Towers.

However, because this investment has four partners, Sino Real Estate, Everbright Real Estate, Nanyang Consortium, and Australian Capital Consortium, Huang Tingfang said that he must communicate with everyone first.

The problem is not big. As long as Sino Real Estate agrees to sell, the other three consortiums will definitely not want to leave it alone to collect rents. This kind of investment portfolio will basically be sold.

The only thing that Lin Zuhui is looking forward to is whether it is possible for Chinese Real Estate to buy it for 1.8 billion, which is 100 million cheaper than the Benda Center in history. However, he does not have high hopes. Anyway, it is acceptable for less than 1.9 billion.

.......

.......

On Wednesday, Cathay Real Estate announced the progress of its asset reorganization: its total assets are 950 million, debt is 450 million, and net assets are 500 million. At the same time, Cathay Real Estate announced that it will enter the hotel field.

In less than two months, Cathay Real Estate's net assets soared to nearly three times, which immediately delighted investors, and the stock naturally began to soar, with an increase of up to 10% that day.

The next day, there were many media reports. Among them, Standard Chartered (Asia) spoke highly of the management of New Era Real Estate (one of the shareholders of Cathay Pacific). Investors even believed that Lin Zuhui had the Midas touch and the ability to rejuvenate.
To be continued...