In the morning, Lin Zuhui personally put the quotation for "the Cui family holds 43.25% of the shares of Legu Real Estate" into an envelope in a conference room of the Huazhi Center.
After sealing, Lin Zuhui handed it to Gao Yi and warned: "Give it to Cui Zhennan with your own hands! Call me after the results are announced!"
Gao Yi said confidently: "Don't worry, boss, we will definitely be victorious. Just wait for the good news!"
Lin Zuhui nodded, agreeing with this point of view.
The companies participating in the bidding for "43.25% shares of Legu Real Estate" this time include: Cheung Kong, SHKP, Henderson Land, New World, New Era, and Hang Lung, six major real estate developers.
But Lin Zuhui is full of confidence!
This month, he has already defeated Li Chaoren once, and this time he will defeat the five major Chinese real estate companies and take the lead again.
Because his price tag is: 415 million!
At this juncture (after the stock market crash, real estate has not yet risen), I am afraid that no real estate developer will acquire Legu Real Estate at a premium of 20% of the 'net assets' (the market value is far lower than the net assets). At most, it will only be a premium of 10%.
into, that is 380 million.
Back in his office, Liang Botao and Liang Zhenxun walked in quickly.
Many of Lin Zuhui's recent acquisitions have involved Liang Botao as a financial consultant, while Liang Zhenxun is the director of New Era specializing in finance and securities.
Liang Botao was the first to say: "New Era's stake in Baohua Construction has reached 15%, and we have also found signs of third-party intervention. This month, the market value has increased by 20%, probably because of the rush for funds."
Lin Zuhui nodded, he had heard about this, and he probably knew who was causing trouble.
"It doesn't matter, our strength is not afraid of anyone disrupting the situation! This evening we will first make an announcement: New Era Group will issue 10% of new shares in exchange for 800 million in cash in my hand, and then I will make an announcement of my personal comprehensive acquisition of New Era Group."
The issuance of 10% of new shares naturally requires the approval of the Securities Regulatory Office, and New Era Group has already passed the review.
At this time, the market value of New Era Group was exactly 8 billion. According to regulations, it was allowed to issue new shares at a lower price. After all, investors had to make a profit; however, Lin Zuhui also considered a credibility issue and could not issue new shares at a low price.
New shares.
As for the Lin family's announcement to fully acquire New Era Group, it is just a formality; after all, according to regulations, if the shares exceed 35%, a comprehensive acquisition invitation is required.
Liang Botao nodded and said, "How much do you want to increase your shareholding?"
Lin Zuhui said: "The best is 49%, it doesn't hurt to exceed it!"
At this time, he personally holds only 34% of New Era’s shares, which is indeed a bit low!
Liang Botao said: "Then launch a comprehensive acquisition at a price of 11 yuan, a premium of 10%. I believe some investors will still sell it to you!"
New Era Group has a market value of 8 billion, with a total share capital of 799 million shares, priced at 10.01 yuan per share; the price of 11 yuan per share is the highest price in the past six months and complies with securities regulations.
Of course, this is a fake comprehensive takeover. The vast majority of shareholders will not be so stupid as to hand over their holdings to Lin Zuhui to complete the privatization at this price.
Lin Zuhui’s real purpose is to reasonably increase his shareholding.
"Okay, I'll do as you say!"
If the privatization was completed at this price, Lin Zuhui would laugh out of his dreams; he is not short of funds, and has more than 4 billion in cash flow.
The net assets of New Era Group are already over 10 billion!
........
In the conference room of Legu Real Estate, senior executives from the six major real estate developers in Hong Kong gathered.
As the major shareholder of Legu Real Estate, Cui Zhennan expressed his intention to put the property on the market as early as February. Many real estate developers inquired, so he finally decided to decide the ownership of his 43.25% Legu Real Estate shares in the form of bidding at the end of April.
The reason why the date is set at the end of April is also to take into account that the undertaking company is facing a comprehensive acquisition.
The conference room was very large. After the six major real estate companies handed over the envelopes, Cui Zhennan took them to his office, leaving everyone in the conference room to wait for the results.
When Cheung Kong's Zhou Enmao saw Gao Yi, his eyelids jumped. Last time Cheung Kong lost the property development rights above Lam Tin MTR Station, the boss was unhappy for a long time.
The representative of Hang Lung is Chen Zengxi's eldest son, Chen Qizong. Currently, the head of Hang Lung is Chen Qizong's uncle, Chen Qitao. Chen Qizong is the next successor. It can be seen that Chen Qizong is the most important real estate developer among the six real estate developers today. After all, the boss is here in person.
The representatives of the six families did not talk to each other, after all, they were not in the mood.
It wasn't until Cui Zhennan came to the conference room again with joy that the representatives of the six companies and his entourage finally stood up at the same time.
"The bidding results are out. Congratulations to Chinese Real Estate for acquiring my equity at a price of 415 million. If you are ready, you can come to review the finances today and sign the contract overnight!"
Gao Yi said with joy on his face: "No problem!" Then he clasped his fists to the other five families and said: "Everyone, I accept it!"
Chen Qizong said with some disbelief: "I thought our price of 380 million was high enough, but I didn't expect that your company actually paid 415 million, which is incredible."
Cui Zhennan coughed and signaled Chen Qizong to pay attention to his wording, as this was a bit uncomfortable.
"Sorry! Cui Sheng, let's say goodbye first!"
For a moment, everyone returned disappointed, and only Gao Yi started to make calls.
When Lin Zuhui learned that Chinese Real Estate had acquired Legu Real Estate, his face was not too happy. It was just four small buildings.
Of course, he doesn't have too many such buildings. Through merging the buildings, there is still a chance to rebuild it into a high-quality building with a floor area of 300,000 square feet.
After this acquisition, the rental area of Chinese Real Estate has reached more than 3 million square feet.
...
At five o'clock in the afternoon that day, New Era Group held a press conference and announced the issuance of 10% of new shares in exchange for HK$800 million in cash from the major shareholder Mr. Lin Zuhui.
As the financial advisor of the Lin family, Liang Botao also announced that the Lin family will privatize New Era Group at a price of 11 yuan per share, a 10% premium.
After the two news were released, many reporters could not sit still.
A reporter asked: "Mr. Lin paid a 10% premium to fully privatize New Era Group. Doesn't that mean he doesn't have much sincerity?"
Liang Botao said: "We are conducting normal operations in accordance with the securities regulations of listed companies. Whether the purchase price with a premium of 10% is sincere or not is a matter of opinion. I believe it is still very tempting for some short-term investors.
Powerful."
A reporter asked: "Mr. Lin reduced his holdings before the stock market crash and increased his holdings after the stock market crash. What do you think?"
Liang Botao said: "They are all announced, legal and reasonable! The reason why Lin Sheng chose to subscribe for new shares in New Era this round is also because the company needs development funds."
In fact, Lin Zuhui only made a profit of less than 300 million by selling high and buying New Era Group stocks at low prices. This surprised him personally, because New Era Group was so resilient that it ranked almost in the rankings of high-quality British capitals such as Wharf, Land, and HSBC.
Or the former British-owned large group is behind it.
Reporter: "Does that mean that New Era Group has some problems because of its excessive debt?"
Liang Zhenxun took the question: "Our New Era Group has always maintained reasonable liabilities without any problems!"
.......
There are two flowers, one on each side.
After a five-hour audit, the team of Chinese Real Estate also determined that there was no problem with Legu Real Estate.
Lin Zuhui led Gao Yi to the conference room and prepared to sign a contract with Cui Zhennan.
"Lin Sheng is so courageous. Lin Chaoren's victory over Li Chaoren this month is a good story in the Hong Kong business community!"
The news caused a huge sensation, just like when Li Chaoren defeated Land and Property Rights over the two subway stations in Central. It was the 'first time' that Chinese real estate put its hands into Land's home base (the two stations were covered by property rights).
The building is very close to Landmark's building).
In April, the property built above Lam Tin MTR station was hailed as part of Cheung Kong's "four major housing estates" plan. And then this part was snatched away by the rising star "New Era Group".
People familiar with the matter said that although Li Chaoren not only won the Kwai Chung Container Terminal 7 this month but also announced that he had won the bid for the Vancouver World Expo site project, he still feels regret and loss over the loss of the property above the Lam Tin subway station.
Of course, we have to admit that the property development rights above Lam Tin MTR Station are much smaller than the three major housing estates in Cheung Kong (8,000 units in Laguna City, 10,000 units in the former Ap Lei Chau Power Plant site, and 15,000 units in Tin Shui Wai).
.
Cui Zhennan’s words are also what Lin Zuhui has heard this month.
Therefore, he still said modestly: "Everyone is so complimentary. It's because Li Chaoren was too distracted and I missed something!"
"Haha, Lin Sheng is indeed humble, but your behavior is completely opposite. They say you are an enterprising person who 'opened up new territories'."
After the two were polite for a while, the lawyers of both parties also determined the contract issues.
Lin Zuhui read the contract carefully before signing his name and then presented him with a huge check.
.......
The next day.
The headlines in Hong Kong basically went to Lam Cho-fai again.
“The Lin family fired the first shot of the ‘six-month tight spell’”
"Lin Zuhui intends to privatize New Era Group, involving 5.5 billion funds"
"Lin Chaoren defeated Li Chaoren again and won Legu Real Estate"
Long and solid.
After Li Chaoren saw these headlines, he couldn't help but express his displeasure. Outsiders regarded the "property built above the Lantian subway station" as his Waterloo, but he himself regretted it.
It can be said that Li Chaoren has seen more than 3 billion profits from Lantian Subway Station.
"Don't underestimate it!"
"If this Lin Zuhui had been born a few years earlier, he would have been my biggest enemy! But now, he can only compete with me on certain real estate projects!"
.....
Lin Zuhui felt a little helpless after reading the newspapers. These media would always find a selling point and make a big deal about his affairs.
Although he was indeed somewhat complacent about his two victories over Li Chaoren, he never showed his feelings on the outside. After all, if he really behaved like that, he would probably make others laugh.
Li Chaoren's global investment this year is almost tens of billions, which is completely incomparable to Lin Zuhui.
Before the market closed in the morning, Liang Botao and Liang Zhenxun came together again. Although Liang Botao was preparing for his own company recently, it was impossible for Lin Zuhui not to do so much business.
"Not many people came to register to sell shares of New Era Group, which is what we expected! According to this trend, by the end of the comprehensive acquisition time, you can almost increase your shareholding to about 49% to 55%." Liang Botao reported.
road.
Lin Zuhui nodded and said, "Well, we don't need to be distracted by this! Before the market closes in the afternoon, Chinese Real Estate will also announce the privatization of Legu Real Estate."
Liang Botao asked: "How much is the premium?"
Because the incident happened suddenly, it was only confirmed yesterday that Cui Zhennan’s 43.25% shareholding was acquired, so the price has not yet been determined.
Lin Zuhui said directly: "The premium is 35%. This time we are fully privatizing Legu Real Estate with sincerity."
Liang Botao nodded and said: "This price is almost the net asset value of Legu Real Estate. It is indeed a well-intentioned privatization. I believe it will go very smoothly."
After Chinese Real Estate privatized Legu Real Estate and incorporated four buildings into its rent collection system, this round of expansion is temporarily over.
Finally, Lin Zuhui asked Liang Zhenxun: "How is the situation of Baohua Construction?"
"Market participants already know that someone is acquiring Baohua Construction, and it rose 8% at the opening!"
Lin Zuhui had a headache. Originally, if there was no third party intervention, he planned to put Baohua Construction to the last acquisition.
But now he has to advance!
"In the evening, New Era Group also announced the acquisition of Baohua Construction, with a premium of 2%. Our target is 34%!"
...
At the closing time in the afternoon, Chinese Real Estate held a press conference and announced that it would fully acquire the remaining 56.75% shares of Legu Real Estate at a price of 19 yuan per share (a premium of 35%), involving a capital of 430 million.
At 8 o'clock in the evening, New Era Group held a press conference and announced that it would acquire 34% of Baohua Construction's shares at a price of 5 yuan per share (a premium of 20%). New Era Group currently holds 16% of the shares.
Suddenly, the takeover war in Xiangjiang began, one after another!