Chapter 205206 [When the barbarians knock on the door]
After the Spring Festival, Lin Zuhui quickly got into work. This year, 1987, is a critical year for him. As long as everything goes well, his financial situation will reach the level of the top ten plutocrats, or even the top plutocrats.
In this way, Lin Zuhui can consider developing overseas or inland next year in 1988. Not only that, as long as he completes his career this year, Lin Zuhui will have more time to enjoy life in the future.
Tuesday, the sixth day of February 3rd.
Lin Zuhui called Liang Zhenxun and Lu Donglai and said: "This Friday, Cathay City will raise funds for a rights issue, offering two shares for every five shares. You should hurry up and do it!"
There was no surprise for Liang Zhenxun and Lu Donglai. The boss had negotiated with various banks a year ago and borrowed a huge sum of 1.28 billion. The purchase price of the hotel required 1.58 billion, and the remaining 300 million was naturally raised from rights issues.
have to.
Cathay City originally had more than 300 million in liquidity, but last month it was triple-levered to buy 900 million worth of blue-chip stocks, and the buying point was pretty good. There happened to be a 2,450-point drop in mid-January, and another drop in the last week of January.
It rose to 2550 points.
"Okay, let's get ready right away!"
Lin Zuhui nodded and said to Liang Zhenxun: "After the 160 million rights issue of New Era Real Estate, there is still 1.1 billion remaining in the account, so we won't move for the time being!"
Last month, New Era Real Estate has purchased 600 million yuan of land and old buildings. This rights issue will require an expenditure of 160 million yuan. As for the remaining 1.1 billion yuan, Lin Zuhui plans to directly purchase land reserves from China Land.
Because he knows that Jardine Strategies will be listed this month and the restructuring of the Jardine Group will come to an end.
And the signal that Landmark intends to sell the property will also appear accordingly.
Instead of buying bit by bit in the market, it would be better to directly swallow Land's land bank worth more than 1 billion.
Liang Zhenxun reminded: "Boss, the properties outside are appreciating very quickly, and our funds are borrowed!"
What he means is that placing the loan there will not only generate interest, but also result in the purchase of land at a high price.
"I know!"
Lin Zuhui only needed to say three words, and Liang Zhenxun nodded seriously. He was just responsible for reminding, although it was not necessarily necessary.
After the two left, Lin Zuhui leaned back on the seat and relaxed.
Debt is not burdening him, that is his current state!
...
In early February 1987, Jardine Matheson announced the establishment of a new listed company, Jardine Matheson Strategy Yice, which would directly control the equity interests of Land, Dairy Farm International and Mandarin Oriental Hotel. Among them, Jardine Matheson Strategy held a 26% stake in Land.
Land originally held shares in Jardine Matheson, but it was now held by Jardine Matheson Strategy.
Jardine and Land are decoupled, ending the seven-year mutual control relationship.
Jardine Matheson and Jardine Matheson Strategy began to control each other. Jardine Matheson holds 19% of Jardine Matheson Strategy and Jardine Matheson Strategy holds 26%. The holding amount of the Keswick family, the largest shareholder of Jardine Matheson, is unknown and is estimated to be around 10%.
After the major reorganization of Jardine and Real Estate, Yice replaced the holding function of Jardine.
In this way, there are two lines of defense on the periphery of Jardine:
The outermost ones are Land, Milk International, and Mandarin Oriental
The second line of defense is the Jardine strategy.
In this way, the innermost Yihe becomes a city within a city.
The Keswick family has consolidated the home base of Jardine, which also means the weakening of its control over Land. As Land's two wings, Mandarin Oriental and Dairy Milk International, have established themselves, Land's strength has been greatly reduced.
The important thing is: Land is placed at the outermost position by Jardine Matheson. Market participants believe that this is a signal that the Keswick family intends to sell. Jardine is waiting for a price. The current market value of Land is 16 billion, and the net assets are more than 25 billion. Whoever chooses the higher
have to.
After Lin Zuhui heard that the reorganization of Jardine Land was completed, he did not plan to come to him immediately.
He probably remembered that the four major families only formally negotiated the acquisition of Land in September and proposed an acquisition of 17 yuan per share, 50% higher than the market price, with a total share capital of 2.45 billion shares, but it was quickly wiped out by the stock market crash.
Six months after the stock market crash, the full acquisition would have to be at the highest price in the past six months, so it was scheduled six months later. The four major families discussed the acquisition issue again. Obviously, they no longer had sincerity. After the stock market crash, they were only willing to pay 12 yuan per share.
Naturally, Land was unwilling to sell. Later, some people persuaded them not to drive away all British capital from Xiangjiang, which would not be conducive to the development of Xiangjiang, so the four major families gave up.
Since he knew that no one could acquire Land, Lin Zuhui could just buy the Land outright with a lot of money.
Royal House, Harcourt Building, land bank, Teligent Court luxury building, Causeway Bay World Trade Center, 4 shopping mall properties, Excelsior Shopping Mall, Newport Center Shopping Mall, Ocean Terminal, No. 9 Queen's Road, all of these properties will be sold, previous life
The cash amount was 13 billion. Later, only seven Grade-A commercial buildings in Central were left, and all properties outside Central were sold.
Therefore, as long as Lin Zuhui catches Land and keeps raking in the wool, wouldn't it be better to directly buy vacant land?
.......
Friday.
The Hang Seng Index closed at 2,680 points, and Cathay City successfully raised 320 million yuan.
At the same time, Lin Zuhui has purchased more than 80% of his 30,000 September index futures contracts and will be able to buy all of them next week.
Liang Zhenxun and Lu Donglai came to Lin Zuhui's office. One is a director of three companies, and the other is the general manager and director of Cathay City.
In fact, Lin Zuhui had already planned to transfer Lu Donglai back to the headquarters or Chinese Real Estate later, and Cathay City Hotel Management would become a world-class hotel management company. It would not only have its own hotel brands, but also acquire hotels and even hotel brands.
Therefore, the Western-style management structure that Cathay City Hotel Management will implement will naturally require the recruitment of world-class talents. Of course, not all Western management methods and structures will be implemented. As long as Chairman Lin Zuhui must have real power, whoever he wants to fire will be
Just get out of here.
Point guard here
But don’t worry, Cathay Pacific still has a certain amount of time to develop its city before it can take a global view.
"Next Thursday, we will formally sign a contract with the Liang family, and the funds must be received in time!" Lin Zuhui said to the two of them.
Lu Donglai quickly replied: "At present, the bank loans have arrived in Cathay Pacific's account, and the funds raised will basically arrive next Monday. I will definitely not miss it."
Lin Zuhui nodded. There is no need to worry too much about a mere 300 million in capital. New Era Real Estate and Chinese Real Estate both have over a billion in their accounts.
"According to regulations, once the major shareholder changes, it needs to be disclosed to the market! Therefore, once the market gets the news, the hotel's shares will skyrocket. Director Liang, I ask you to arrange for New Era Real Estate and Cathay City to quickly raise funds in the market
, increase our shareholding to 34. It must be a mere 3 million shares and 200 million funds should be able to win."
Liang Zhenxun said: "Boss, even if we don't rush to raise funds, the hotel's stock price will keep rising! The Kadoorie family is focused on making electricity and has drained all the funds into China Electric Power. I'm afraid they won't have the strength to absorb the shares. And we also
If you don’t really want to fully acquire the hotel, why spend the extra 200 million!”
Lin Zuhui waved his hand and said: "We are not short of the 200 million, and it is safer to control it at 34. Now we do not have the strength to fully acquire large hotels. Don't we still have the strength a year later? Don't forget, we two years ago
In the New Era Real Estate Department, there is only one listed company on the verge of liquidation with a market value of only 50 million."
Liang Zhenxun was shocked and said quickly: "What the boss said is that I am short-sighted!"
"It's okay. I am the only one in the whole company who can see how big the New Era Real Estate Department will be in the future!" pretended to be.
Lin Zuhui's longing face made Liang Zhenxun and Lu Donglai ashamed.
They thought that the control of 31 hotels this time was the limit of Cathay City. Little did they know that the boss saw further. Now it is like fighting a protracted war. If both parties do not have the strength to drive away the other party this year, then who will win in a year?
Will it be the winner?
Back then, the charter king tolerated it for a year and a half, but now they don't even consider the boss's earning power.
"Okay, don't take it to heart. Working with peace of mind is your greatest contribution to the company!"
After Lin Zuhui finished pretending, he encouraged his two subordinates.
"Yes, boss!"
In fact, Lin Zuhui's real purpose was to deny Kadoorie the opportunity to increase its shareholding before the stock market crash.
So as long as the price is high enough, the Kadoorie family will give up.
.......
.......
Thursday, February 12th.
It was the Lantern Festival, but Lin Zuhui had no intention of celebrating the festival. He was quite excited and signed an equity transfer agreement with Liang Zhonghao at the lawyer's office.
After signing, the lawyers and leaders of both parties confirmed that it was correct, and Cathay Pacific City presented a check of 1.58 billion.
"Thank you, Brother Liang, for making it happen!" Lin Zuhui happily extended his hand and said gratefully.
In any case, others sold their shares to Cathay City under pressure because they wanted to befriend Lin Zuhui. You know, historically, Liang Zhonghao was only willing to sell 20 million shares to Liu Luanxiong, while the other 11 million shares were sold to
Lai Sun's Lam Chien Man.
Liu Luanxiong doesn’t want to buy them all?
Of course he wanted to, otherwise he would not have been frantically scanning the market after the deal was concluded and increased his holdings to 26.
Liang Zhonghao said with a smile: "It's a pleasure to cooperate. Our original intention was to cash out. We are satisfied with the price you gave, and the deal was naturally concluded. But I really didn't expect that the share price of the hotel has risen to 48 yuan, but I am still very satisfied with the price."
satisfy!"
"Haha, when I buy a property, I hope both parties will be satisfied without overly fussing over it!"
Liang Zhonghao nodded. He felt that Lin Zuhui was not a good bargainer and his favorite properties showed on his face.
For example, Furama Hotel, many people say that Lin Zuhui is indeed expensive.
There are also the Huazhi Center Twin Towers. Some people say that Lin Zuhui bought them too expensive.
In short, everyone in Hong Kong knows that Lam Cho-fai really likes high-quality properties and buildings.
Liang Zhonghao changed his tone and asked curiously: "You currently hold 31 shares of the hotel. Will you continue to acquire shares in the market?"
Lin Zuhui nodded without hesitation and said: "Yes, our goal is 34, and to send two to three directors to the hotel. I hope to co-run the hotel with the Kadoorie family, and everyone can coexist peacefully and jointly develop the hotel.
Development brings out the sluggish status quo and brings development to a higher level."
Liang Zhonghao smiled bitterly and said: "The Kadoorie family regards the hotel as a symbol of their family, so they may not trust you to join the board of directors!"
"If it was a symbol of the family, the shareholding would not be reduced to just 12 shares. The Kadoorie family put all their money and energy into electricity and ignored the development of the hotel, which damaged the interests of all shareholders.
Rights. I hope Brother Liang can compile a list of shareholders, relationships and other information of the hotel for me. I want to lobby them to support us. And I will definitely bring them generous returns."
"Well, seeing as you are confident, I will help you succeed! However, I still hope that you will be polite before fighting and do enough public opinion work."
"It's natural!"
Lin Zuhui thought about it during this time. The most regrettable thing about Liu Luanxiong's defeat in his previous life was his disastrous defeat at the shareholders' meeting. He and Lin Jianmin held 38% of the shares, but only received 41% of the voting rights.
The Kadoorie family only has 12% of the equity but received 43% of the voting rights.
Therefore, Lin Zuhui has great hopes for the Grand Hotel’s shareholders’ meeting in May:
First of all, he is definitely not as bad as Liu's previous life.
Secondly, he is an investment genius and a master of management. All listed companies he acquires have brought huge profits to shareholders.
Finally, he is very young. Now, for him, being young is no longer a disadvantage, but has become an advantage because the company assets and market value he controls exceed tens of billions.
.......
The next day.
Newspapers across Hong Kong published the news that Cathay City had swallowed up the Grand Hotel, and Hong Kong and Kowloon were shocked.
Different from the acquisition of the Furama Hotel, stock commentators and financial experts have given Cathay City positive reviews this time, believing that Cathay City's purchase of Grand Hotel 31's shares at a price of 1.58 billion is very worthwhile.
Although Grand Hotel's current net asset value per share is around 4,045 yuan, its prospects are by no means comparable to Fulihua Hotel.
The Peninsula Hotel's status in Hong Kong is unmatched by any hotel. What's more, the assets of the hotel are so rich, and its symbolic significance is also extraordinary.
Lam Cho-fai is now challenging the Kadoorie family and is rated by the media as the third largest acquisition by the Chinese after the Wharf War and the Hutchison Whampoa War.
For a time, the words Lin Zuhui resounded throughout Hong Kong and spread overseas!
.......
As a Hong Kong British super-rich family, the Kadoorie family is very good at "making money", but they just can't "make people".
The first generation old Kadoorie, Eli Kadoorie, built a fortune for the family, but he never got married, and finally let his two nephews win a gold mountain.
When it comes to the second-generation head of the business, Mr. Lawrence, there is only one daughter and one son. His son Michael was born in 1941, and at the age of 46, he is still a "diamond king".
Interestingly, Horace Kadoorie, the third-generation head of the family, Michael’s uncle and Rowland’s younger brother, was born in 1902. Like his old uncle Avery, he lived to be nearly a hundred years old without marrying a wife or
Without the incense extending to future generations, he is just another "Diamond King"!
Roland Scarlett had the thrifty qualities of a Jew and was reluctant to eat grouper, but his only son Michael was completely different. He was a pure modern rich man! All the suits he wore were custom-made from London.
, luxury styles such as antique cars and helicopters are his favorites.
Of course, Mi Gao is not a playboy who only knows how to eat, drink and have fun. As an heir to a world-class fortune, Mi Gao is not outstanding in height, but he is also the object of admiration for many beauties. However, he has wrinkles all over his forehead and is always dragging his feet.
Marrying a wife and having children made the old father sleepless all night.
Rowlands was devoted to the electricity business and found it difficult to distract himself. The hotel was managed by his son. In 1977, the new major shareholder Liang Zhonghao entered the board of directors of the hotel. At that time, the two parties entered into a "gentleman's agreement". The hotel was operated by Michael and the real estate belonged to Liang.
It is managed by the hotel, and the chairmanship is rotated between two people. The major shareholder Liang Zhonghao holds 31 million shares, accounting for 31% of the hotel's equity. Mi Gao holds 11.83 million shares.
At this time, in the eyes of Hong Kong people, they still only knew Kadoorie but not Liang, and they always thought it was Kadoorie’s assets.
The holding was unstable, and a large amount of money was poured into the electric industry. The hotel operation also encountered difficulties, and the market value was even lower than the net asset value for a time. This was a prey that everyone coveted, but many people still did not dare to take it easily! The old British business family
, a hundred years of accumulation is no small matter, not to mention that the Kadoorie family is also a senior stockbroker, which is how they started their business.
Now, young Lin Zuhui fired the first shot, and it was a fierce first shot, directly winning the title of major shareholder.
The citizens of Xiangjiang are getting ready to watch the show!
...
The Kadoorie family is holding a family meeting, and only three people are attending the meeting. The two brothers Lawrence and Horace, and Michael.
Lawrence first said angrily: "The Liang family has betrayed their trust and is willing to be a villain for the sake of money. It is really despicable!"
As everyone knows, the methods of doing business among Jews in this world are world-famous, otherwise they would not have gotten into trouble back then.
Horace said to his nephew: "Mi Gao, the barbarians are knocking on the door. The industry we have been operating for more than half a century has made people look at us like this! So, you must defend this country to the death!"
Mi Gao had a bitter look on his face. He and Lin Zuhui had chatted at the party, and he knew that Lin Zuhui was by no means as simple as a barbarian. Otherwise, he would not have built a tens of billions asset empire in two years, even worse than Chen Songqing back then.
Of!
Chen Songqing used it for three years, but he only used it for two years!
His son, Mo Ruofu, explained to his son: "The current plan is to prevent Cathay City from entering the board of directors, and they will certainly not dare to touch the 35% full acquisition line, because New Era Real Estate itself is a company with a high debt ratio.
, and I heard that the acquisition of the Liang family’s shares was entirely dependent on bank loans. Mi Gao, please immediately arrange to purchase individual shares from the market to increase our shareholdings. Don’t be afraid even if you borrow money!”
Mi Gao nodded and said: "Okay, father, I will make arrangements right away!"
After Michael left, Rowlands said lonely: "This time, in order to develop electricity, the family went all out, but we didn't expect that such a big loophole was exploited. Wharf, Hutchison Whampoa and other British-funded companies have been taken over by Chinese investors.
Annexation, we actually didn’t take a warning, it really shouldn’t have happened!”
Horace said: "Without our permission, Cathay Pacific City cannot enter the board of directors. Presumably they will not be able to help. Let's just see what they can do first. Maybe they will quit in spite of the difficulties."
"No, he won't! Lin Zuhui is not a simple person. Why do banks lend heavily to the New Era Real Estate Department? It must be that this person is very capable and has won the trust of the banks. But what is certain is that he does not have the strength to fully acquire
Big hotels. Now our main task is to acquire some big hotel shares."
Unfortunately, Rowlands didn't understand that Lin Zuhui had already reached this point. So Lin Zuhui arranged for people to raise the hotel's stock. In this way, with the financial strength of the Kadoorie family at this time, it was basically impossible to increase the holding to 15.
Of course, this is something to talk about later, so I won’t mention it for now.