Beginning in October, Lin Zuhui began to pay off his personal debts.
Although the debt is too heavy, Lin Zuhui has basically pledged all the shares he holds in listed companies; if the stock market crash hits, banks will definitely come to inquire and even force Lin Zuhui to repay the loan.
Therefore, in order to reduce unnecessary trouble, Lin Zuhui decided to pay off all 3 billion yuan of debt and interest.
...
Monday, October 19, 1987.
Wall Street was shrouded in dark clouds. Amidst the rapid and dull "dang, dong, dong" bells, the New York Stock Exchange began a new day. At the beginning of the opening of the market, an ominous premonition hit the noisy transactions.
Everyone in the hall was thinking: The Dow Jones Industrial Average dropped 67 points at the opening. In the blink of an eye, selling orders surged in. Under the pressure of the swarm of selling, all the screens turned red (falling).
There was no green wave (rising). There was panic in the exchange, and the futures market was also in chaos. From 9:30 to 11 o'clock in the morning, the Dow Jones Industrial Average kept falling, and no one knew how to stop the deterioration.
The situation. Although some people proposed to close the market, no one dared to make a decision. The New York Stock Exchange was concerned about Wall Street's "vane" role in the global stock market, so it had no choice but to persist.
The Sydney stock market opened first that day and saw no movement.
At 10 a.m. Hong Kong time, the Hong Kong stock market opened on time. However, the Hang Seng Index panicked and fell 120 points as soon as it opened due to the influence of New York. It closed down 235 points at noon, and closed down a total of 420.81 points throughout the day, closing at 3362.39 (more than 10%)
.
Affected by the plunge in Hong Kong, stock markets in the Asia-Pacific region fell across the board, and the effect extended to the European market like a domino as each time zone opened one after another, and finally circled the world back to New York: the Dow Jones Industrial Average fell sharply by 508 points (more than 20%
).
...
In the office of New Era Real Estate, Lin Zuhui was leaning on his chair, and the TV opposite was constantly broadcasting stock market news.
It felt like someone was throwing dollar bills at themselves.
If he were not worried about the negative impact, Lin Zuhui would have opened champagne in the office.
Before getting off work, Chen Bin and Liang Zhenxun came to Lin Zuhui's office together.
Liang Zhenxun said: "Boss, news came back from the Stock Exchange and decided to announce that the stock and futures markets will be closed for four days from October 20 to October 23 in order to clear up a large number of uncompleted settlements."
Lin Zuhui said calmly: "Nonsense! Self-righteous!"
Liang Zhenxun asked tentatively: "The boss thinks that suspending the market for four days will cause greater panic?"
In his view, the original intention of the Stock Exchange is to reduce the drag of Wall Street on the Hong Kong stock market.
Lin Zuhui said with a smile: "The Dow Jones in New York fell by more than 20%, and the Hang Seng Index fell by more than 10% today. Li Fuzhao thought that he could avoid further declines by closing the door for four days. As everyone knows, people are closed for four days in a fearful closed environment. Once the door is opened, it will
They will run away like crazy. Next Monday, the Hang Seng Index will be extremely pessimistic!"
Chen Bin asked: "This is a major stock market crash. I wonder how big the impact will be on real estate?"
Lin Zuhui said: "There is no need to consider this. We have 2.7 billion in cash in our account (1.2 billion was raised from reducing subsidiary shares and selling real estate), and the company's debt is only 2.5 billion. As long as we are optimistic about the future of Xiangjiang, then for us
Whether it is a short-term sharp decline or a short-term slight decline, we are as stable as a mountain. You have two things to do now:
First, increase the number of real estate construction starts. The decline is short-term. There is still a lot of room for growth in real estate in recent years, and the wind has not yet exhausted;
Second, stabilize the mood of the company’s employees. I know that many employees are trading in stocks. I hope you will pay more attention to your colleagues and encourage everyone to cheer up and not bring their emotions to work.”
"Okay, boss!" the two said quickly.
Even if New Era Real Estate repurchases Chinese Real Estate and Cathay City's stocks, it will only spend 7 to 8 billion at most; before, it cashed out 1.2 billion, and each sale and purchase made a profit of 4 to 5 billion.
So there are 2 billion to buy low-priced land, old buildings, and exchange land rights documents, which is obviously enough to become a Weishui guy once.
.......
The next day, Lin Zuhui clearly felt panic and uneasiness spreading in the air in Xiangjiang.
Arriving at the Crocodile Shirt Building, Lin Zuhui couldn't help but stop downstairs and take a look.
The Crocodile Shirt Building is divided into phases 1 and 2. The total area of the two phases is only 6,000 square feet, and the height is only 9 and 10 floors.
Next to it is the Chenda Group Building, which only covers an area of 3,500 square feet.
If Lin Zuhui remembers it correctly, this was the headquarters building of the Agricultural Bank of Hong Kong in its previous life, with about 30 floors. It was traded for 5 billion in about 2012.
"It seems that the Chenda Group Building will be purchased and then the three buildings will be merged. In this way, it can be built into at least a 28-story Grade A office building with a property area of more than 200,000 square feet."
Unknowingly, Lin Zuhui had another Grade A office building in his hands.
Lin Zuhui had a plan in mind and decided to slowly talk to Chenda Group. He was not in a hurry!
In the morning, Lin Zuhui met with Bren, the boss of Frye Trading in Australia, and his delegation in the conference room. Roger and Chen Xing from Leit Group also attended the meeting.
The two parties have communicated before, and the casual fashion samples of the Leit Group's production department have been recognized by Fry Trading.
Frye Trading is an importer and exporter that specializes in placing orders from clothing factories in Asia and then selling the products to Australian clothing retailers, including Jeanswest.
"Welcome to Hong Kong, Mr. Bren!" Lin Zuhui stretched out his right hand and said to a slightly bald white man in his forties.
"Mr. Lin, I come to Hong Kong often and am a Hong Kong expert!" Brun said humorously.
Lin Zuhui smiled and said: "Then you must also have real estate in Xiangjiang?"
"Of course! I also know that Lin Sheng is a big real estate developer in Xiangjiang!"
"Haha, Mr. Brun deserves the award!"
After the two sides chatted for a while, the main topic began.
Bren would mistakenly say: "Mr. Lin, our main partner in Xiangjiang is Xuri Company. I have seen your products and although I am satisfied with them, we will not place an order with you if the price is not advantageous!"
Damn it, they really treat us Chinese people as cheap labor. They are trying to lower prices to the extreme!
But there is nothing that can be done. While the Chinese are still struggling downstream, European and American businessmen are already building upstream brands. For example, Nike and Adidas in the previous life were obviously produced in Fujian Province, but they could only earn some hard money and sweat. money.
Lin Zuhui responded: "We are not trying to place orders for processing plants, but we are planning another kind of cooperation with Frye Trading!"
Bren was stunned and asked with some confusion: "Another kind of cooperation?"
Lin Zuhui nodded and said: "Let's work together to acquire Jeanswest Australia!"
Bren was a little shocked. In fact, although he was a trader, his financial strength was not as good as the boss of Jeanswest. Naturally, he had never thought about acquiring Jeanswest. He also figured it out. What Leit Group wanted was that he was a local in Australia.
People, it would be more convenient to get him to buy it together.
Soon, Bren's eyes were twitching, thinking that this was a good thing!
"Okay, I agree to this cooperation!" Bren said without hesitation.
He is a native of Australia and does not believe that Leit can deceive him.
Next, the two sides held a very detailed discussion.
Leit Group's requirements are: the two parties can acquire Jeanswest 50-50, but only in the Australian and New Zealand markets; as for the global brand usage rights (except Australia and New Zealand), it belongs to Leit Group.
Bren believes that he only values the Australian and New Zealand markets. After all, he does not have the strength to develop overseas (it requires a large investment), so he thinks it is feasible!
The two sides quickly reached a general agreement, but as for the details, they had to be discussed with Jeanswest before they could be agreed upon.
Of course, Lin Zuhui left the rest to Roger.
After Bren left, Lin Zuhui said to Roger: "While we are talking about the acquisition, we have to prepare the casual fashion department, hire first-class international fashion designers, and prepare stores, etc. Don't leave behind."
There are two benefits to acquiring Jeanswest Australia:
First, the history of this brand can be traced back to 1972, and the brand has a certain value;
Second, Australia’s Jeanswest has independent design capabilities, which can be used by Hong Kong and the two sides can communicate with each other.
Roger said: "Well, our department has almost the same staff. We just need a first-class fashion designer. I will recruit them as soon as possible. I will also start working on the stores immediately. I will strive to have it listed early next year!"
"Yes, no matter what Jeanswest talks about, we operate according to our own brand here. In the end, it is just a brand."