Chapter 197 [Joint Commercial Building] (Seeking the Moon
Afternoon, clubhouse.
"Uncle Tong! Brother Chun!"
The Zheng father and son were really close, and they were together wherever they went. Lin Zuhui couldn't help but think, could it be possible to see beautiful women together?
But what is certain is that Zheng Jiachun will never favor his mother in this regard!
Although Zheng Jiachun is usually very low-key, there were no scandals after acquiring ATV in his previous life, but he hooked up with Da Liu's ex-girlfriend Lawyer Wang and gave birth to an illegitimate child.
That Wang Yingyu is so ugly!
In fact, when you reach Zheng Jiachun's position, beauties are easily available. On the contrary, you can begin to accept some soulful and talented women.
Although Wang Yingyu is ugly, others will not interfere in Zheng Jiachun's family affairs and will not make trouble; the important thing is that she is a barrister herself and can be of certain help to Zheng Jiachun.
Therefore, it is understandable. Moreover, Zheng Jiachun also wrote the children born to Wang Yingyu on Zheng Yutong's obituary, which shows that he really likes others, and Wang Yingyu also took over the legal affairs of New World.
"Ah Fai!"
As soon as they met, they greeted each other warmly.
After a while, several more people came to the circle, including Pan Dickson, Lin Jianyue, etc.
But it's strange that everyone took the initiative to give up the main position to Zheng Yutong and Lin Zuhui, as if they were saying that these two people are in the same position.
Lin Zuhui naturally accepted it as a matter of course. If these second generations wanted to be in the same position as him, they had to at least take over.
Zheng Yutong usually likes to support and play with his juniors.
After everyone sat down in the restaurant of the club, they started chatting while drinking afternoon tea.
"When I read the newspaper this morning, it was all about you. You are so powerful now!" Zheng Yutong said with appreciation.
Lin Zuhui, on the other hand, was very modest: "The media are just trying to get attention. I have almost become a debt king. The bank almost sent people to guard me 24 hours a day. How dare I be proud of it."
Zheng Jiachun said with an envious look: "If the debt is less than 40%, what are you worried about? This time you bought two high-quality properties (Huazhi Center), what are you worried about if the debt is higher!"
Zheng Yutong looked at his son and said warningly: "You can't imitate others. Ah Hui can find money elsewhere!"
He has two characteristics: first, he doesn't like to acquire other people's companies, thinking that this is a way to steal people's money; second, he doesn't like to owe too much debt to banks, and feels that it is always not good to owe people money. Of course, Zheng Yutong It is true that I like big projects. The New World Center and the Convention and Exhibition Center are now projects worth more than 5 billion.
However, there are exceptions. Zheng Yutong was extremely active in acquiring real estate in his previous life.
When Zheng Yutong heard what I said, he had to nod in agreement. He was his follower and took his words as an imperial edict.
In fact, the small universe in his heart was just hidden in his heart. As soon as he came to power, he (in his previous life) immediately started hostile takeovers and borrowed heavily to buy properties. Zheng Yutong, who was hiding behind his back, thought to himself, wouldn't it be a little bit awkward if he just retired and came back to power? If you don't give face to your son and train a successor for so many years, wouldn't it be a loss of face? How to succeed in the future will only be left to Zheng Jiachun.
After chatting for a while, Pan Dickson said with a smile: "Ah Hui, didn't you invest in Lukfook Jewelry? It seems that you really like Uncle Tong and plan to become a jewelry tycoon too!"
Obviously teasing, Lin Zuhui responded: "What, are you planning to file a lawsuit with me too?"
It turns out that Dickson Pan recently filed a lawsuit against Chen Shengze of Henghe Jewelry. Chen Shengze was originally unknown and was just a medium-sized jeweler. He has become very famous recently.
"Tch, I don't dare to mess with you!"
Everyone laughed, Lin Zuhui did have a bit of a "notoriety slam", but everyone knew that Lin Zuhui's "notoriety" came from normal competition in the shopping mall.
Lin Zuhui inadvertently looked at Lin Jianyue, the little fat man, and couldn't help but feel sad for him. Although he had not enmity with Lin Zuhui, and the two were even acquaintances, Lin Zuhui had already occupied his woman and family business.
Of course, this is to save the Lin Baixin family!
In his previous life, ATV and Furama Hotel caused the family to lose a lot of money, and Lam Cho-fai was bound to win the crocodile shirt.
He remembered that Crocodile Shirts was acquired by the Lin family in September next year, and Lin Zuhui only needed to complete the layout in the first half of next year! The main reason is that he currently lacks funds and can only wait for the settlement of the futures contract at the end of the year before restarting the layout.
What can be expected is that despite how much money he makes and how much he spends, he probably won’t be able to save much money!
Crocodile Shirt’s acquisition fee alone requires more than 1 billion. If it wants to develop, it will have to spend another 1 billion, which will be 2 billion after one round!
Of course, Lin Zuhui still chose leverage this time.
Anyway, before the '87 stock market crash' and during the stock market crash, he could make a profit of more than 5 billion, so he was not afraid of spending more money.
After watching Marseille, when Lin Zuhui and others were preparing to leave, a handsome man wearing glasses came up to them.
"Uncle Tong"
"It's Zhiming!"
Lin Zuhui also recognized the person who came. It was Ye Zhiming, Ye Yuqing's brother. He was a famous person in Xiangjiang. It wasn't that he was rich, but his legendary experience was very talkative.
In 1960, Ye Zhiming started speculating, leasing and selling yachts in Saigon. He later made wigs and sold them in the United States, earning over one million. He then engaged in the oil business, which resulted in a total loss.
In the 1970s, he spent 40,000 yuan to develop "bang-bang" jeans and established a kingdom worth more than one billion. In 1976, he established the Bangbang Film Company and produced films such as "Dance"; but within a few years, Bangbang's turnover was not working well, and Ye Zhiming had to Sold to Qiu Degen and Chen Songqing.
In 1981, he made profits from the Beihai fishing village and raised tens of millions of dollars to build the Qiaozui Island Resort. However, the Qiaozui Island Resort is now in poor management and it is estimated that it cannot be sold for even one million.
It can be said that Ye Zhiming belongs to the ups and downs of the business circle, and he can be called a business tycoon in the entertainment industry.
Another characteristic of Ye Zhiming is that when he played Pai Gow with Cheng Jiachun and Zhao Zengguang, he didn't care at all whether he won or lost millions. It can be said that he regarded money as dirt.
"Mr. Lin, hello, I am Ye Zhiming!" When Ye Zhiming saw Lin Zuhui and Zheng Yutong walking together, the others such as Zheng Jiachun and others could only be one position behind. There was no one who was so young and had this card.
"Ye Sheng, I have heard of you. You have been defeated and defeated many times. You are very legendary!" Lin Zuhui quoted a sentence from "Zeng Guofan" which is a must-read for those who achieve great things.
After hearing this, Ye Zhiming felt very honored and happily took out his business card.
Generally speaking, Lin Zuhui would not give his business card to others, but for some reason, he accidentally took out his business card and gave it to Ye Zhiming in return today.
"Let's talk some other time!" Lin Zuhui said politely before leaving.
"Okay Lin Sheng, you're busy!" Ye Zhiming was more polite.
Although he is twice as old as Lin Zuhui, Xiangjiang only cares about wealth. Lin Zuhui is rich and powerful. Now he is one of the top ten chaebols and the head of the four major families.
At this time, Lin Zuhui's achievements have long surpassed those of Liu in his previous life. It was enough to enter the top ten chaebols before the stock market crash. At least he could squeeze out the Shao Laoliu and Chen Zengxi families and rank in the top ten.
Lin Zuhui controls five listed companies, all with a market value of nearly 10 billion, which can be said to be a powerful place.
As his financial resources grew, Lam's power also expanded. Using Wanhui Media, he joined the core of many social organizations and made friends with important figures in the Hong Kong government. He was no longer the same.
After Ye Zhiming left, Zheng Jiachun reminded: "If he asks you to take over the resort, you have to think carefully. I lost a lot of money there!"
Lin Zuhui smiled and said: "Of course I am not interested in his resort, but I am interested in his ability in the entertainment industry!"
Upon hearing this, Pan Disheng asked: "You have DreamWorks Film Company, which has a box office of nearly 90 million this year, but you still think highly of his film company. His film company only produces some small productions. Don't you look down on small productions the most?" Well?"
DreamWorks was just handed over to Debao for management. The actual boss is Lin Zuhui. He can take back the management rights at any time, so Dickson Pan said this. Dickson Pan originally spent 30 million to buy 40% of the shares. With "A Better Tomorrow 2", "Wealth and Fortune" He has already made a lot of money back in "Beautiful People", so he really admires Lin Zuhui.
"DreamWorks can try to develop the recording industry. Then it will be time to cooperate with everyone. Brother Pan, let's discuss it together!"
"no problem!"
Doing business with Lin Zuhui is a guaranteed profit, as is said in the Hong Kong industry.
The group of people walked and chatted, then found a restaurant to have dinner before parting ways.
Zheng Yutong did not dislike a group of children and had a great time chatting with them all.
...
A new week begins.
Lam Cho-fai's influence continues to be strong. Six of his listed companies have risen sharply, and the Hang Seng Index has also exceeded 2,500 points. The stock market is booming.
Even the market value of Cathay City Hotel Management, which was once criticized by the industry, has returned to 600 million, and the market outlook is strong.
No one questions Lin Zuhui's ability to make money anymore. The annual profits of New Era Real Estate and Chinese Real Estate have silenced everyone.
In the office of New Era Real Estate, Lin Zuhui is waiting for his subordinate to report his work.
After a while, Chen Bin, who was responsible for developing the real estate business, came to Lin Zuhui's office.
Chen Bin was in the prime of life. Before Lin Zuhui joined New Era Real Estate, he was responsible for the development and real estate business of New Era Real Estate. However, at that time, New Era Real Estate was in trouble, and all its properties were unfinished due to financial problems. Even Chen Bin is also unemployed.
After Lin Zuhui took over New Era Real Estate, he essentially looked down on the original management. However, Chen Bin was very smart and immediately came over and assisted Lin Zuhui in controlling the company.
Based on this contribution, Chen Bin has made great progress in recent years and is responsible for the development business of New Era Real Estate. You must know that New Era Real Estate currently has 12 properties under construction and 3 cooperative properties. The residential units supplied every year can be ranked among the top ten real estate properties. .(The market value can certainly be ranked, but the market value of new era real estate is very high)
Chen Bin saw his boss slowly sipping tea. He also took a sip of the tea brewed by the boss' assistant first, and then said calmly: "Boss, I'm here to learn from you. How much more will we invest in real estate next year?"
OK, so I can make a plan?"
The general direction of the company is in the hands of the boss, so Chen Bin's move is understandable, and Lin Zuhui will not blame him for not having a sense of leadership.
"Thirty percent, be a little more conservative. Anyway, it can be increased or decreased later depending on the situation!" Lin Zuhui quickly had the answer.
The '87 stock market crash' did not have a great impact on real estate, and Lin Zuhui also attached great importance to 'goods are rotating'. If after the '87 stock market crash', Xiangjiang Real Estate fell into a short-term real estate malaise, Lin Zuhui would not hesitate to order the company's
It doesn't matter if the property is 'sold at a reduced price' or to 'buoy the market' a bit, as long as the normal profits are released, the first factor is to withdraw funds.
Chen Bin nodded and said, "Okay, then I'm going to make a plan for the start of our real estate project in the new year! I'll show it to you then."
"Well, after we purchase the land and old buildings with the 600 million yuan, I may seek a loan next year to continue purchasing land and buildings to ensure that we have sufficient industrial raw materials."
"Boss Gao Ming, our current debt ratio is less than 30%, we can indeed get another loan!"
Thinking about it, Chen Bin felt that his boss was very powerful. At this time, the asset value of New Era Real Estate was as high as 6 billion, while the debt was only 1.7 billion. Although the debt amount has not been reduced, the debt ratio has been greatly reduced.
After Chen Bin left, Lin Zuhui suddenly remembered that the New Era Real Estate Department really had a way to reduce its debt before the stock market crash.
That is: before the stock market crash, sell the stocks of Chinese Land and Cathay City.
For example, New Era Real Estate currently holds 49% of the shares of Huazhi and Cathay Pacific, and can sell off 19% of the shares.
In this way, you don’t have to worry about someone sniping. The reason is very simple. After the stock market crash, you can take back part of it and keep it below 45%. It is enough.
In the same way, Huazhi and Cathay Pacific can also reduce their weight before the stock market crash and get it back after the stock market crash.
In this way, you can make a lot of profit by selling and buying!
...
In the afternoon, Wang Qilin brought his son Wang Jinchu to Lin Zuhui's office.
"Uncle Wang, brother, you don't go to the Three Treasures Hall for anything?" Lin Zuhui sat with the two of them on the sofa and started chatting.
Wang Jinchu is his elder brother-in-law. He has returned to Hong Kong for almost a year and has been studying at Gaosheng Real Estate. Speaking of Wang Jinchu's ability to give up the colorful world outside and return to Hong Kong to help his father, it is also thanks to Lin Zuhui.
After returning to Hong Kong, Wang Jinchu no longer missed going abroad. Lin Zuhui also introduced him to Pan Dickson, Zheng Jiachun and the rich second generation, and they were considered to have squeezed into the top second generation circle.
Wang Qilin said: "Do you still remember the piece of land I built adjacent to Electrical Road in North Point?"
"Can you remember, I worked on that project for a few days!"
The project itself was proposed by Lin Zuhui. If Lin Zuhui had not proposed it, Wang Qilin might have lost a commercial building.
Wang Qilin nodded and said with a smile: "After nearly two years of hard work, all the owners of the Electrical Appliance Road have agreed to sell it! The land was originally 15,000 square feet of residential land. Now that the Electrical Appliance Road has been successfully merged, an additional 18,000 square feet have been added.
Commercial land. We only need to apply to convert the residential land on Wang On Road into commercial land, and we can build a 20-storey Grade A office building with 500,000 square feet of rental property."
Lin Zuhui nodded. The number of floors and the proportion of the floor area of the office building are all determined by the Planning Department. However, the Planning Department makes decisions based on various factors such as nearby buildings.
There is no problem in building a Class A building with a floor area of 500,000 square feet on that land, because three sides are streets, which means there is no obstruction, and the plot ratio can be appropriately increased. According to the building regulations, unilateral and bilateral
, three sides means the issue of land area ratio, and unilateral means that only one side is an unobstructed building.
In another situation, the plot ratio of land in Central can be infinitely higher, with buildings next to buildings. For example, the entertainment building owned by Lam Cho-fai only covers an area of 5,800 square feet, which means that the area of the first floor can reach about 5,800 square feet.
, and it can be built to a height of 32 stories. Otherwise, this building in the previous life would not have been worth as much as 8 billion.
The location of the entertainment bank is a place with high passenger flow, which also affects its value.
"So, are you interested in participating in the joint construction? Our two companies will cooperate to build a first-class building and then use it to collect rent!"
Lin Zuhui's face was overjoyed. Although the office buildings in North Point were not as good as those in Central, Wan Chai, Causeway Bay and other places, it was still an office building worth 500,000 yuan.
"Of course it's no problem, it's exactly what I wanted!"
Wang Qilin nodded and sighed: "If you hadn't reminded me, I would not have decided to spend nearly two years merging the buildings, and I might not even have thought of merging the buildings in the electrical channel. Although there were indeed many difficulties during the period, the merging of the buildings
After I succeeded, I almost didn't sleep all night."
Isn't that right? After the successful annexation of Electrical Road, the value of the development of the residential part of Wang On Road may be nearly ten times.
A high-quality building is a real estate developer’s dream!
Wang Qilin has been a real estate developer for many years, and this is especially true.
Now he has not only become a medium-sized real estate developer, his wealth has more than doubled compared to before he met Lin Zuhui, and he will soon own a headquarters building.
He not only regarded Lin Zuhui as his son-in-law, but also regarded Lin Zuhui as a nobleman!
"This building will be the headquarters building of Gaosheng Real Estate in the future!" Lin Zuhui said with a smile.
Wang Qilin nodded and said: "Yes! I asked you to cooperate because of the land, construction fees, etc. of this project. It will require an investment of almost 500 million. It is too risky to undertake the construction exclusively."
There is no risk at all, but Wang Qilin is a veteran real estate developer and likes to diversify his investments; if one project loses money, there are several other projects that make money, so it is foolproof. What's more, this is a rented commercial building, and the period for paying back the capital is very long.
Next, the two parties briefly discussed the share ratio of the cooperation. New Era Real Estate accounted for 30% of the equity, and Gaosheng Real Estate accounted for 70% of the equity. The two parties first formed a company, then injected funds in proportion to buy Wang Qilin's land, and then the next step was
The new company will pay the land fee and undertake the construction.
As for the construction costs, naturally they will be solved through loans for the time being!
However, since it will later be used to collect rent, both companies have to arrange for fund repayment.
This is why Wang Qilin is willing to share it. It is really difficult for him to afford a 500 million investment project that cannot be sold.
In fact, assuming it is a commercial land covering an area of 33,000 square feet in North Point, its value will be more than 200 million.
Now, even if the land compensation fee is included, the total cost of this land is less than 150 million, which is an extremely cost-effective deal.
No wonder Lee Shau Kee likes building mergers so much, and some even take more than four or five years to succeed.
Lin Zuhui has already thought about this project. New Era Real Estate will participate in the cooperation. After the construction is completed, the 30% interest will be sold to Chinese Real Estate at a high price for rent collection.
After Wang Qilin and Wang Jinchu left, Lin Zuhui called Chen Bin who happened to be back from outside and informed him of the project.
"Currently, our company has no experience in developing commercial buildings. This time it is time to learn from it and form a strong team. Because, soon we will also have a skyscraper of our own."
As a real estate developer, only big projects can give you a sense of accomplishment, Lin Zuhui thought in his heart.
Skyscrapers, commercial complexes, convention and exhibition centers, and large-scale housing estates are all Lin Zuhui's goals in recent years. Of course, once his foundation is firmly established, he will not mind investing funds in some technology industries, provided that He has enough strength to 'wave'.
Chen Bin said with excitement: "Well, I will form a team as soon as possible!"
He is a talented person with a background in architecture. Compared to Lin Zuhui, he probably regards architecture as a part of his life.
Lin Zuhui nodded and said: "Next year, we should also have our own construction company!"
Chen Bin's face was full of surprises. The boss said this. He must have chosen a target acquisition target, but he didn't know which one it was!
He didn't ask any more questions because it involved too deep a secret.
"The company is getting stronger and stronger, and we are even going to enter the mainland. Two years ago, we were a real estate company on the verge of liquidation, which is really incredible!"
Lin Zuhui smiled faintly and accepted the flattery with peace of mind.
"This is the result of everyone's hard work! This time I will ask the Human Resources Department to recruit some senior staff to expand your Development and Property Department."