At the beginning of a new week, Lin Zuhui was always full of enthusiasm and came to the office of New Era Real Estate early.
Now, every working day, Lin Zuhui will receive about 100 million in cash flow, which is obtained from closing positions in blue chip stocks.
It’s strange to be unhappy!
After reading the newspaper for a while, Gao Yi, general manager of Chinese Real Estate, and Liang Zhenxun, executive director of New Era, came to Lin Zuhui's office hand in hand.
It was Lin Zuhui who summoned the two of them!
"Work together and contact several banks whose debts have recently matured to reduce Chinese Land's debt holdings to 1.5 billion."
At this time, Chinese Real Estate has more than 1.2 billion quietly lying on its account, and it is time to clean up its debt. Currently, the total debt of Chinese Real Estate is 2.55 billion, and the reduction of holdings to 1.5 billion requires a price of 1.05 billion.
As a result, Chinese Real Estate still has a cash flow of 200 million on its books, plus the futures contract can withdraw funds of 560 million (net profit of 360 million). After the stock market crash, there is still 760 million funds available for use.
The important thing is that it will be very easy to borrow new debt when the time comes. Bankers will think that Lin Zuhui's keen investment awareness allowed Chinese Land to raise funds through rights issues to reduce its debt holdings when the stock market was at a high point. He is a very good leader.
"good!"
Gao Yi then asked: "Chinese Real Estate has the funds to rebuild the entertainment industry. Boss, can we consider it?"
He has long seen the value of rebuilding the entertainment industry, but the strength of Chinese Land has not been able to keep up. Now he feels that it is time to consider adding another building. By then, Chinese Land will have six commercial buildings. This strength is too strong
Already.
Lin Zuhui smiled and said: "What do you think of the current stock market situation?"
Both of them had a look on their faces. The boss would not say this for no reason!
Liang Zhenxun is a professional securities talent, and when he is usually around his boss, he also notices something;
Therefore, he recently began to study the trends of peripheral securities, the phenomenon of economic overheating, excessive stock market speculation, etc.
Liang Zhenxun immediately put forward his analysis and market, and said: "I know that the boss has also noticed this situation, so I think we should cash out some of the subsidiaries and shares of Sun Company."
Lin Zuhui nodded with satisfaction. He actually didn't require his subordinates to understand the general trend, after all, he had such a golden finger. However, it was a very good phenomenon that his subordinates could actively analyze the situation.
He said: "Since smart and cautious people know that a storm is coming, they should sell their goods at this time, so as not to run away. Don't forget that the Hang Seng Index futures have a dragging effect on the market.
It can be big or small."
The two nodded quickly. As early as 1986, the New Era Real Estate Department had planned to reduce its debt holdings this year, and now it has stabilized all listed companies in the department.
Next, Lin Zuhui made some arrangements for the two of them:
Since mid-September, Cathay City has reduced its 19% stake in Furama Hotel (current market value of 1.8 billion), retaining only 51%.
Starting from late September, New Era Real Estate reduced its 14% stake in Cathay City (market value 2 billion) and Chinese Real Estate (market value 6 billion), retaining only 35%.
This time, Liang Zhenxun and Gao Yi were a little shocked!
If the boss does this, it means that the stock market may crash, not correct.
Is the ‘July 3 stock market crash’ going to happen again?
In fact, New Era Real Estate is not the only one who can make such a prediction. In his previous life, Henderson Land's Lin Gaoyan predicted that "the stock market crash may come" in September. After Lee Shau Kee heard about it, he started shipping without hesitation.
Cashing out by major shareholders will definitely affect the stock price, but the stock market is going crazy, so the impact will not be particularly large; not to mention, the reason for cashing out is to use the money from the reduction of holdings to repay some debts, which makes sense enough.
The important thing is that starting from late September, Lin Zuhui’s personal blue chip stocks have almost been cashed out, as long as it does not affect his personal investment!
...
On Wednesday, New Era Real Estate successfully raised HK$1 billion through a rights issue. For a time, Lin Zuhui was as prestigious as the four major families. The most amazing thing is that Lin Zuhui is the major shareholder. In the past few months, he has issued nearly 1 billion in rights issues to his companies.
There are even rumors that Lin Zuhui has imposed exit restrictions on various banks and is not allowed to leave Hong Kong.
Of course, anyone who understands a little bit knows that Lin Zuhui left all his wealth in Hong Kong, and it would be useless even if he ran away; and the value of Lin Zuhui's shares is nearly 7 billion, making him one of the top ten richest people in Hong Kong.
Lin Zuhui is working in the chairman's office of New Era Real Estate, calculating the asset value and net asset value of New Era Real Estate. After the 87 stock market crash, New Era Real Estate will attack in an all-round way and enter a new round of development. Now it is necessary to lay the foundation.
prison.
The value of its reserve land is 4 billion (including land and old buildings, including appreciation), the value of properties under construction is 800 million, and the value of rental properties is 800 million;
In other words: the total property value is 5.6 billion.
The company's cash flow is 1.5 billion, the futures index contract value is 500 million, and the value of the shares held in subsidiaries is 4.2 billion;
In other words: the total non-property value is 6.2 billion.
The asset value is 11.8 billion, the debt is now only 2.5 billion, and the net assets are 9.3 billion.
In terms of net assets, it is only a quarter of Land, only 30% of Sun Hung Kai and Cheung Kong, and 40% of Henderson and New World.
The market value is quite impressive. The market value of New Era Real Estate has always been higher than its net assets. This is a treatment that other real estate companies do not have. It is a full 11.2 billion, accounting for a little more than 50% of Henderson and New World.
Soon, Lin Zuhui decided not to reduce the debt holdings of New Era Real Estate.
The reason is very simple. The 1987 stock market crash had little impact on real estate, with only a 10% to 15% drop; banks will not be nervous about the debt of New Era Real Estate, and the debt ratio will only be 30% after the drop.
On the contrary, after the August 7 stock market crash, New Era Real Estate will make full use of 1.5 billion yuan of liquidity, borrow another 1.5 billion to 2 billion yuan in debt, and quickly invest in real estate development.
As for the debt of New Era Real Estate, it will naturally be repaid through profits from developing real estate.
Thinking of this, Lin Zuhui called General Manager Chen Bin and said: "If we start construction on our expanded investment sites, we will get an additional 30%!"
The real estate projects started now will be sold off-plan in the second half of 1988!
Chen Bin did not doubt that he was there, and immediately said: "Okay, I will sort out the information immediately and give it to you for review!"
Lin Zuhui nodded and said: "You can take the time to inspect Baohua Construction and see if we can add a lot to the company if we acquire it. If you have any suggestions for better construction companies, you can provide them to me."
Chen Bin was stunned. He knew that his boss was going to be ruthless. The acquisition of Baohua Construction was a hostile takeover.
But he also knows that his boss is not a good person to begin with!
"Okay, I will sort out the information carefully!"
The reason why Lin Zuhui asked Chen Bin to inspect Baohua Construction was because he had a professional background in the construction industry and had been working hard on the construction site. He knew the construction companies in Hong Kong very well.
After Chen Bin left, Lin Zuhui showed a helpless smile. He had developed too late. If he wanted to catch up with those established real estate companies, he could only do so through acquisitions and integration.
This preparation to acquire Baohua Construction is indeed a hostile takeover, but he has no choice!
He has always wanted New Era Real Estate to develop from within, that is, to expand the downstream real estate business. Since establishing this goal, the company has successively established a design institute, a construction company, a property management company, a concrete company, and a mechanical engineering company.
, decoration company, etc.
But in fact, it was all a small matter, and the progress was not very smooth. The main reason was that I couldn't take care of it.
Therefore, acquisition is the best solution.
Baohua Construction is an old construction group company that can not only undertake construction projects, but also seaport projects, municipal projects, air-conditioning projects, electrical projects, etc.
Because it is a group company, it has a wide range of businesses and rich experience.
The important thing is that if Lin Zuhui doesn't take action, Liu Luanxiong has to take action, so why be hypocritical!
.......
Long Jingchang of Wanhui Media reports to Lin Zuhui's office. All aspects of development are good, especially the fact that "Tiantian Daily" is stabilizing "Oriental Daily" makes Lin Zuhui very happy.
After reporting the work, Long Jingchang said: "Boss, the Yulang Group went to Malaysia and won the Sin Chew Daily for 70 million!"
Lin Zuhui smiled faintly and said: "So, Yulang Group has surpassed us and already has a daily newspaper overseas!" There was ridicule in his tone.
Long Jingchang also mocked: "This Huang Yulang learned everything from you, boss, but in fact he never digested the company he acquired. When he saw that boss you were running the Economic Daily, he learned to run the Financial Daily and hired the original editor-in-chief of Wenhui Po.
As the president, Huang Lieyang, the former editor-in-chief of "Financial Daily", was the editor-in-chief. As a result, before the cooperation lasted for more than 2 months, the two parties went to court. Huang Yulang paid 120,000 yuan to others and let his wife be the editor-in-chief. I think
Yeah, he's just a little gangster, and others can't get along with him."
It can be said that in this life, Huang Yulang is really developing according to Lin Zuhui's template. In daily newspapers, gossip magazines, buildings, printing plants, youth magazines, and financial daily newspapers, Huang Yulang has not left behind.
Lin Zuhui said mysteriously: "I have wanted to acquire Sin Chew Daily for a long time, but do you know why I didn't take action?"
Long Jingchang immediately said: "Malaysia's political situation is turbulent and the MCA is in financial crisis. The Malaysian government may take action against Sin Chew Daily?"
Lin Zuhui nodded and said: "That's right! If you don't believe it, just look, Sin Chew Daily will be shut down soon! It can be said that none of Huang Yulang's acquisition projects are successful."
The acquisition of "Sing Pao" still left a tail for the original major shareholders to participate in politics; the acquisition of Bagua Weekly and Youth Magazine did not bother to rectify it. The acquisition of "Sing Chew Daily" was about to be shut down (later, after the editor-in-chief and others
The team fights and restarts again)...
The most important thing is that Huang Yulang has recently been speculating in stocks and futures contracts. If he followed the path of his previous life, he would have lost more than 300 million.
Lin Zuhui has also recently studied the Yulang Group. Its market value is over 1 billion. The stock market rights issue has recently raised more funds than Wanhui Media, estimated to be nearly 400 million. Where did this money go? Lin Zuhui guessed that it was used to invest in securities and futures.
Contracted.
You know, it seems that in his previous life, Huang Yulang was reported to have spent a huge sum of 470 million to speculate in stocks before the stock market crash, accounting for more than 40% of the total market value.
It’s scary to think about it, this Huang Yulang is really bold!
All big investors are either experienced stock traders or have hired think tanks as their financial advisors. Huang Yulang committed the taboo of "doing nothing if you are not familiar with it".
Even Lin Zuhui knew the general trend of the stock market and hired Liang Botao as a financial consultant.
After Long Jingchang left, company director Zhao Han came to the office again.
He reported on the company's rights issue fund-raising situation, and all 300 million rights issue funds have been received.
Lin Zuhui nodded. After the 300 million rights issue fund, Lin Zuhui's warrants were all used up. At this time, Wanhui Media's market value had reached more than 1.6 billion, which was 60% higher than Yulang Group.
"Currently, the working capital on the company's books is 350 million. Boss, how should we allocate this huge sum of money!"
"Hold still and wait for my notice!"
"OK!"
Wanhui Media's debt is only 20 million, and its liquidity is as high as 350 million. After the stock market crash, it can do a lot, of course, attack the Yulang Group and property speculation.
...
Yulang Group.
Huang Yulang was extremely excited in the office. Yulang Group's stock price rose to 4.2 yuan per share, with a market value of nearly 1.1 billion. He personally holds 60% of the shares, plus he still has some money in his hands over the years, and his net worth is already 7.8 billion. Even if
A billion!
He calculated with his fingers that becoming a billionaire would be just around the corner! By then, he would be on an equal footing with Lin Zuhui.
He still remembers how embarrassed Lin Zuhui was last time, and he almost had a heart attack from the fright.
It turned out that Wanhui Media used a large number of connections, financial resources, and public opinion to forcefully suppress the association behind Huang Yulang. The Hong Kong government dispatched hundreds of police officers to seal down the association's headquarters and arrested more than a dozen key members of the association.
The arrogant association fell apart like garbage in front of the barristers, high-ranking police officers, and public opinion.
Some media pointed out that this society has also encountered the general environment this year. This year, Xiang Huayan, the leader of Xin Ngee Ann, and several other society leaders were sent to prison.
Fortunately, this association is still loyal and did not point out Huang Yulang. Otherwise, even if there is no evidence, Huang Yulang is still full of shit.
"I heard that Lin Zuhui was also speculating in securities. I wonder how much he invested. Is it as much as I invested?"
Huang Yulang was not only proud to think of it!
The only thing that makes Huang Yulang unhappy is that "Wind and Cloud" written by Ma Wing-cheng has become the top three best-selling comic publications in Hong Kong, and the trend will soon surpass "Dragon and Tiger Gate" and "Heroes of China".