After the Acquisitions and Mergers Committee encouraged acquisitions and mergers in the securities market (stimulating the stock market), Chinese Real Estate took the lead and announced that it would initiate the acquisition of Fuli International at a price of 3.2 yuan per share (a premium of 23%), with a target of 34%
shareholding; after the completion of the acquisition, Fuli International's listed status will still be maintained, and 218 million funds will be used for this acquisition.
For a time, it received enthusiastic response from the small shareholders of Fuli International and had a certain stimulating effect on the entire market.
As for the rescue operation launched by Li Chaoren, it had already been conditionally acquired by the Acquisitions and Mergers Committee. However, after discussion, everyone temporarily changed their minds and decided to jointly buy 15,000 futures contracts. Lin Zuhui also subscribed for 3,000 contracts personally.
.....
In the office of Chinese Real Estate, Lin Zuhui was looking through the asset statements of Fuli International and was in a very good mood.
Fuli International's investment properties in the United States are very rich, with total assets of nearly 1 billion, liabilities of less than 200 million, and a net asset value of up to 800 million. It is equivalent to Chinese Real Estate's premium acquisition of Fuli International, and the net asset value of its stocks still has not incurred losses.
, on the contrary, there is profit.
After a while, Gao Yi, general manager of Chinese Real Estate, and Zheng Xuebin, general manager of Fuli International, came to Lin Zuhui's office hand in hand.
Zheng Xuebin was originally the general manager of Fuli International. After Chinese Real Estate acquired Fuli International, he was not laid off and only three directors were sent to the board of directors of Fuli International.
Of course, digestion must be carried out after the acquisition. This is Lin Zuhui's consistent style.
"boss!"
"Okay, everyone, sit down!"
After everyone was seated, Lin Zuhui said: "Fuli International's original conservative management was able to escape the stock market crash. However, this stock market crash has a great impact on the U.S. economy, which is an opportunity for Fuli International.
Therefore, next year I plan to invest in a commercial office center in Los Angeles. Please go and investigate more and come up with a plan for me!"
"Okay!" they both said in unison.
Gao Yi added: "Boss, I suggest that during this period, senior staff of Chinese Real Estate be appointed to give Fuli International a new look and lay a solid foundation for Fuli International's development next year!"
Chinese Real Estate is an efficient investment property company. Its senior staff have very rich real estate experience. Even simple rent collection can reflect the quality and management of a company.
Lin Zuhui nodded and affirmed Gao Yi's statement: "Well, this is very necessary! Just acquiring without digesting it is not my style, Lin Zuhui. You two start working on this matter. I hope that after three months, I can see whether
The same Fuli International!”
"Yes, boss!"
The two people's confident and passionate answers made Lin Zuhui very satisfied.
As his subordinates, everyone should understand that the company needs to develop and develop rapidly; anyone who cannot keep up will have the fate of being eliminated.
Next year, Fuli International will invest in a commercial office center in Los Angeles. It is a relatively large project and requires a lot of funds. Lin Zuhui plans to raise funds through loans and rights issues.
After the two left, Lin Zuhui thought about the structure of the New Era Department!
It is time to develop into a comprehensive group. Listed companies such as Cheung Kong, New World, and Sun Hung Kai not only have real estate business, but also other comprehensive businesses.
For example, New World has container business (investing in overseas containers of shareholders), shipping, and communications, not to mention that it also owns a large construction company in Xiangjiang-Hip Hing Construction, as well as Songden Engineering, Jiading Engineering, Fuji Decoration Engineering, etc., which can contribute to modernization.
Buildings include commercial buildings, hotels, and high-end residences. We provide comprehensive services from engineering planning, design, drawing, electrical engineering, construction engineering, and interior decoration.
Not only that, they have already extended their tentacles overseas, and New Era Real Estate has just started!
Thinking of this, Lin Zuhui decided to prepare for a group meeting to announce the group's general policy expansion.
.......
Lin Zuhui came to Hengjin Investment Company. This company was originally called "Hengjin Securities" and was equivalent to the private investment company of Lin Zuhui's family. Because its business was no longer limited to financial business and gradually extended to the investment field, it was renamed "Hengjin Investment".
During the meeting, Lin Zuhui listened to reports from several core senior executives.
George Hui reported: "Boss, this time we made a total profit of HK$920 million from short-selling the Dow Jones Industrial Index, and withdrawn funds of HK$1.37 billion...Currently, HK$1.3 billion of funds have arrived in the account in Hong Kong, and the remaining 70 million
Hong Kong dollars are used for securities investment in the United States.... Hengjin Investment has established branches in New York and Los Angeles in the United States, and Vancouver, Canada. We are continuing to recruit commercial investment talents, and we expect to be able to meet your needs by the end of the year!"
Robert Hui reported: "Boss, this time we short-sold the FTSE Index and made a total profit of 350 million Hong Kong dollars, and the funds returned were 650 million Hong Kong dollars..."
Wu Guominghui reported: "Boss, we short-sold the Singapore index...short-sold the Japanese index...the two places made a total profit of HK$750 million, and withdrawn funds of HK$1.35 billion..."
Li Haohui reported: "Boss, we made a profit of 150 million by short-selling the Hang Seng Index and got back 220 million..."
After listening to the report, Lin Zuhui calculated that from this short selling of the global stock market, he had made a total profit of 2.15 billion and withdrawn 3.6 billion in funds.
The funds have been secured, and Lin Zuhui has a smile on his face.
Then, Lin Zuhui arranged for the US and UK branches to develop in the direction of focusing on commercial investment and supplemented by financial investment, providing himself with excellent investment project suggestions.
After the meeting, Lin Zuhui summoned Li Hao and Wu Guoming in the office.
"I am very optimistic about Japan's securities market and real estate market in the next two years. I plan to invest 3 billion Hong Kong dollars in the Japanese securities market, and I will also make a five-fold leveraged investment."
Lin Zuhui's words shocked the two of them. The boss was addicted to venture capital. However, the two did not advise because they felt that they were not qualified. In their hearts, Lin Zuhui was called the god of investment. This time he accurately predicted the global stock market crash.
.
Moreover, it is reasonable for the appreciation of the yen to drive Japan's domestic economic expansion.
Wu Guoming said: "Then the Japanese branch must expand, boss!"
Lin Zuhui nodded and said: "Okay, you can handle this matter immediately. Li Hao, you also participate."
Li Hao is considered Lin Zuhui's deputy, so he is half a level higher than Wu Guoming.
"Okay, boss!"
Lin Zuhui warned: "Be quick and come up with Japan's most worthy investment stock plan before the end of the year. Remember to consider stocks in the two industries of electronics and real estate! Also, to diversify multiple Japanese securities companies, it is best to provide
We will only consider it if we offer five times leverage.”
"Okay, boss!"
Before short-selling futures, these countries already had many offshore companies invested by Hengjin, so there was no need for further trouble.
The two of them quickly accepted the order and went down to make arrangements!
Lin Zuhui was lost in thought in the office: He remembered that after the stock market crash, the Nikkei 225 went from 20,000 points to 39,000 points in December 1989, a rise of nearly 100% in two years.
Assuming that the stock selection is not wrong, five times the leverage can be doubled by 10 times, and 3 billion can be turned into 18 billion.
The market capitalization of the Japanese stock market reached US$4.5 trillion in 1989, exceeding the US$4 trillion of the US stock market; a mere US$2.5 billion is nothing!
Of course, Lin Zuhui has a cash flow of 8 billion this year, and only invested 3 billion in the Japanese market. This is just a diversified investment, and he does not put all his eggs in one basket.
For the remaining 5 billion, reconsider the investment direction and consider as little financial products as possible, there are risks!
...
...
A new week begins.
Lin Zuhui came to the office early, first read the newspaper for a while, and then began to think while writing.
The largest drop in the stock market crash was 50% (the Hang Seng Index had a maximum of 3960 and a minimum of 1980). It was expected that the property market would be dragged down as a result. However, this storm only affected 10% to 15% of property prices, and high-quality properties
The lower drop was quite surprising to everyone.
Of course, most businessmen are still unable to make a judgment. After all, the panic in the market is still there, and everyone is worried that real estate will not fall yet.
But Lin Zuhui already knew that he could buy the bottom!
After a while, three carriages arrived at Lin Zuhui's office, which is a custom every Monday.
Lam Cho-fai said: "The Hong Kong government is now approving 300,000 square feet of land every quarter (approving land in the New Territories, not including Crown land auctions), right?"
Liang Zhenxun quickly replied: "Yes!"
"Well, from now on, we will use our land exchange rights and interests as much as possible to acquire more land in the New Territories as reserve land!"
"OK!"
Then, Lin Zuhui asked: "How much will the New Territories land exchange rights and interests decrease?"
"Type B land exchange rights letter", or letter b. The Hong Kong government expropriated the cultivated land of farmers in the New Territories for various development purposes. The exchange conditions were to first collect the cultivated land and then allocate land for building houses to them in exchange, usually two
Half a square foot of arable land is exchanged for one square foot of house land. Farmers hold a piece of land exchange rights certificate, and they can only exchange land for development in the future. If they want to get real benefits at the moment, they are basically at their wits' end.
Real estate developers noticed this situation and negotiated with farmers to purchase their land-exchange rights deeds in cash, which was generally welcomed by farmers. Purchasing land-exchange rights deeds is much cheaper than government auctions of official land. As long as you are patient,
Waiting for the land exchange to be announced, there will be a large piece of land purchased at a reasonable price that can be used for building buildings.
"A drop of 25%~30% is still possible!"
Lin Zuhui immediately said: "Okay, let's start stocking up! From now on until June next year, it is a good time for us to increase our land bank holdings in large quantities. I have a guess that the overall growth rate of real estate next year may be the same as in 1985.
Reaching 30% to 40%. Therefore, in addition to the company’s 2.6 billion cash flow for purchasing land reserves, I will also borrow 2 billion from the bank for this round of development!”
The three of them were shocked. This caused the debt of New Era Real Estate to soar to 4.3 billion!
However, banks have begun to cut interest rates again, currently only 9% (9%), which is very good news for real estate developers.
What's more, Lin Zuhui knows that bank interest rates may rise to 8% next year.
Chen Bin immediately said: "If this is the case, then we need to increase the development site by another 20%, and strive to achieve a net profit of 800 million to 1 billion from real estate development next year!"
Lam Cho Fai asked: "Are there enough senior staff to develop real estate?"
Chen Bin said: "It's enough, even if it's not enough, we can recruit them quickly!"
"Okay, let's increase the area for construction!"
If you can predict the situation, it is natural to make adjustments.
Take Henderson Land as an example. Its real estate sales area in 1986 was the sum of 1985 and 1984. This is the result of Lee Shau Kee seeing the rising real estate prices and rapid layout.
And Lin Zuhui also wanted to take advantage of everyone's fear of the stock market crash to quickly lay out the real estate bull market from 1988 to the first half of 1989.
A huge amount of more than 4 billion yuan is used to purchase land and old buildings, which is a quite huge investment. Currently, the unit price of the New Territories land exchange rights letter is less than 1,000 yuan per square foot (real data), assuming that all the land in the New Territories is purchased
, almost 5 million square feet of land in the New Territories can be purchased.
Of course, it is impossible for so many land exchange rights to flow out of the market in a short period of time, so more than half of them must buy land and old buildings in Hong Kong and Kowloon.
Although New Era may have to pay 400 million yuan in interest every year, if the annual profit is around 1 billion (including net profit from rent collection), it is reasonable; because New Era's land bank is a visible increase.
Once we reach the 1990s, New Era Real Estate's land bank is second only to Sun Hung Kai (off-topic: 32.5 million square feet) and higher than Henderson Land (16.5 million square feet); then New Era Real Estate can be proud of Hong Kong.
Moreover, although 400 million in interest is a lot, Lin Zuhui will still find ways to make some non-recurring profits. It doesn't need to be too much, just to reduce the interest pressure.
This was the development plan of New Era Real Estate for the remaining two years in the 1980s!
The same is true for Chinese real estate buyers. They did not hesitate to borrow heavily to purchase high-quality rental properties. Before the 1990s, they did not need to consider interest rates eating up their profits; once they entered the 1990s, it was the time to make a decisive move.
The biggest headache for Lin Zuhui is of course Cathay City. Its market value has dropped by more than 40% this time and is currently only 1.2 billion.
You must know that the asset value of Cathay City at this time is: 400 million in rental properties, 300 million in cash, 51% of the shares in the Furama Hotel (worth 600 million), and 34% of the shares in the Grand Hotel (worth 2 billion).
The asset value is as high as 3.3 billion, while the debt is only 1 billion!
The reason is simple: many investors believe that large hotels cannot bring stable dividends to Cathay City in the short term.
Of course, Lin Zuyao is not too worried. Banks will not press for debt anyway, because Cathay City is backed by the giant New Era Real Estate.
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.......
"Lin Sheng, in Tower A and Tower A1 of Huiyuan, we have already negotiated with our customers and each household will be compensated 5 million to buy back their right to purchase. Now, all eight single-family villas in Huiyuan can be yours!
"A real estate agent said with a slightly excited tone.
Lin Zuhui nodded, feeling extremely happy!
It turned out that as early as September, he was searching for a suitable villa and preparing to "hide the beauty in a golden house".
At first, his idea was to start with a super villa (a luxury villa covering an area of more than 15,000 square feet);
At the same time, independent villas can also be considered (with an area of more than 6,000 square feet).
When searching for villas, he was told by an agent: There is a villa complex on Nanwan Road in Repulse Bay, with eight independent villas, each covering an area of 5,500 square feet to 7,000 square feet.
Moreover, these eight villas belong to a developer, which is equivalent to being enclosed in an area. Each villa has a swimming pool and lawn; the eight villas are arranged on both sides, and in the middle is a 'private road' for eight households. The entire
To the east of the villa complex is Nanwan Road (with spacing), and to the west is Repulse Bay (Block A, Block A1 faces the sea).
At that time, Lin Zuhui was surprised. If he bought all eight independent villas, it would be equivalent to buying an independent kingdom. Security walls would be installed around it, and a security post (with a miniature building) would be set up on the side near Nanwan Road.
In this way, he is equivalent to buying a 'palace' covering an area of 50,000 square feet.
"As long as there are no problems with your procedures, there will be no problems on my side!"
The real estate agent quickly said: "There is no problem with the procedures. Who in Hong Kong would dare to lie to you! If there is no problem on your side, then I will make an appointment with Mr. Zhao of Zhuoneng Real Estate to negotiate and sign the contract for you?"
Lin Zuhui nodded and said, "No problem, let's make an appointment!"
The developer of these eight villas is the famous flower master-Zhao Shizeng, the third son of Zhao Chuanwang. Zhao Shizeng is not only good at picking up girls, he is also the first person in the Zhao Chuanwang family to engage in real estate, even ahead of his father Zhao Congyan. That year
Ship King Zhao believed that Hong Kong was unsafe and was only willing to develop "travelable" industries. He concentrated on developing shipping and disdained real estate. On the contrary, Zhao Shizeng entered the real estate industry in the 1960s.
Of course, such a big family eventually has its own real estate company, Wah Kwong Real Estate, which owns a large number of high-end residential development rights in the southwest corner of Mount Davis on Hong Kong Island.
The next day, Lin Zuhui and Zhao Shizeng were at the law firm preparing to sign a contract to complete Hong Kong's largest single private residential transaction worth 250 million yuan.
Although a single villa is only worth just over 30 million, after Lin Zuhui redesigned it, it is actually a mansion. Lin Zuhui believes that this will be one of the most valuable properties in Hong Kong in the future, surpassing Zheng Yutong's Repulse Bay mansion and more than
The mansion of Xu Shixun family in Shek O.
"Lin Sheng, you have lived up to your high expectations and finally secured two clients. Otherwise, I will be embarrassed to see you next time!" As soon as they met, Zhao Shizeng warmly extended his right hand.
The two had met many times at friends' banquets, and their relationship was pretty good. Xiangjiang's territory was so small that Lin Zuhui had been in contact with most of the famous figures that Lin Zuhui could name in his previous life, and he knew most of them.
Lin Zuhui stretched out his right hand and said: "Brother, it's serious! This villa originally depends on fate, and it's not necessary to buy it. It's that serious as it says."
Zhao Shizeng said: "But I want to sell it to you. You are the only buyer in Xiangjiang who can buy eight villas at once. I am short of money, so naturally I am very eager to complete this deal."
The two communicated for a while while the lawyers from both sides were preparing the contract.
This time, Lin Zuhui contacted the bank and prepared to purchase it in installments. The down payment was only 20%, which was more than 50 million.
He now loves leveraged investment. He originally had 8 billion in liquidity, but he wanted to do something worth 30 billion.
After signing the contract, Lin Zuhui officially obtained the property rights of the eight villas in Huiyuan and began to prepare for the design and decoration by the construction company of New Era Real Estate.
Lin Zuhui's initial idea is to transform the road between the two rows of villas into tennis courts, basketball courts and other sports facilities, and design it into a comprehensive use that does not affect the passage of cars, and even cars can be parked.
The rest of the design part focuses on safety issues. This requires hiring security experts to plan the safety of the entire villa group; in short, it is expected to be put into use by the end of 1988.
.......
At Sanatorium & Hospital, Kwan Jiahui gave birth to a son successfully, named Lin Wenhua.
Since Kwan Jiahui followed Lin Zuhui, her mother Zhang Bingqian and father Guan Shan suddenly cared about her very much. Especially Kwan's mother often flew to Hong Kong from the United States for vacation, euphemistically saying she cared about her daughter.
Lin Zuhui didn't think much about it. He just established family rules and asked Guan Jiahui to help her parents with restraint. Guan Jiahui naturally didn't dare to disobey. In the Lin family, there seemed to be no rules, but Lin Zuhui's words were imperial edicts.
If these women anger Lin Zuhui, their biggest worry is that their financial resources will be cut off, and their children may even be kicked off the list of wealth recipients.
After the excitement in the delivery room was over, Lin Zuhui still thought that Guan Jiahui needed peace and drove these people away, including Guan Jiahui's parents. In Lin Zuhui's view, since there was no such love back then, there is no need to be overly intimate now.
In the previous life, Guan's mother and Guan Jiahui got along harmoniously in their later years, but that was when their daughter had no offspring and had a lot of wealth.
In Lin Zuhui's opinion, there is no need to be so close in this life, as Guan Jiahui has her own children.
"Ah Hui, I can't bear Wen Hua leaving my sight!" Guan Jiahui said, staring at the crib not far away.
Lin Zuhui smiled and said: "Don't worry, the two nannies will keep an eye on you at all times, there won't be any accidents!"
Unexpectedly, when this woman became a mother, Lin Zuhui thought she would only care about whether she was beautiful or not!
However, he soon saw Guan Jiahui's love for beauty!
"I'm ugly now, and it's all because of that kid! In two weeks, I will start to recover! I asked the nurses here a few days ago that they have a postpartum recovery specialist here, and I have already made an appointment!"
Lin Zuhui said angrily: "I can't wait for a month, so why are you anxious?"
Guan Jiahui bit her lip, which made Lin Zuhui feel guilty for a moment!
However, I have recently added Li Zhi, which is quite conservative.
"Okay, listen to me and consider your plans after a month!"
After enjoying the youth of these women, Lin Zuhui became a little selfish in his heart and regarded them as a machine to carry on the family line. The first is that Lin Zuhui really needs a big family, so the more children the better. The second is that women who have given birth to children will be more
Easy to control.
Lin Zuhui is a bit unable to accept the situation where some wealthy wives get divorced and remarry with their children, such as Lin Baixin's fourth wife. They can be separated, but at least they can stay with him until they grow old.
The only regret was that there was not enough money, so a little trouble happened later; and Lin Zuhui's idea was to establish a "family office" in the future to maintain the long-term prosperity of the family.