Chapter 275276 [Let the bullets fly for a while!] (Seeking the moon
Wednesday, May 4th.
Three companies, Jardine Matheson, Yice and Land, announced their trading suspension. On the same day, Yice announced that it would purchase the shares of Land held by New World, Cheung Kong, Henderson and Huaxin at a price of HK$8.95 per share, accounting for 10% of the total issued shares of Land.
8.2%, involving 1.834 billion yuan.
The sudden flameout of the land acquisition war suddenly extinguished the war, and market participants were greatly disappointed. Yice purchased the 8.2% additional shares, increasing its total land shares from 26% to 34%. This did not trigger a full acquisition, but also greatly strengthened the
the holding capacity.
What is puzzling is that the agreement has an additional condition, which stipulates that the Chinese-funded consortium participating in the acquisition shall not get involved in the land equity within seven years. Why did the Chinese-funded consortium withdraw from the acquisition so quickly and sign this "shameful" agreement?
There were divergent opinions for a while, but the Chinese-funded bosses remained tight-lipped.
...
Back to New Era Group, the company has absorbed a large number of Baohua Construction shares through secret purchases in the market, increasing its holdings to 43%; of course, even in secret purchases, the price is higher than 8.3 yuan, at 8.3 yuan
~about 8.8 yuan.
In the conference room, Lin Zuhui had already calmed down and was arranging the next layout.
"New Era Group issued an announcement this evening: it will fully acquire Baohua Construction at a price of 8.8 yuan per share."
The price of 8.8 yuan is equivalent to a little more than twice the price before the takeover war. This time New Era Group is equivalent to a loss of 200 to 300 million yuan. However, Baohua Construction is still worth the money; Baohua Construction also has a Baohua Building
, the value is also around 300 million.
Baohua Construction can build skyscrapers and hotels, and it is among the top ten construction companies in Hong Kong. It is very important to the future territory of New Era Group, so Lin Zuhui will not care if he spends a little more money.
Although Hysan Real Estate is using the slogan of shaving its head, it is actually just trying to control a construction company and enhance its own reputation.
Liang Botao nodded and said: "Well, basically on Friday we can announce the first acquisition of 51% of the equity and declare success!"
For New Era Group, it has already offered a 'sky-high price' of 8.8 yuan. As long as the shares reach 51% first, the acquisition will be successful. Even if the shareholders holding the remaining 49% do not sell, the acquisition will be successful, which will be beneficial.
New Era Group took control of Baohua Construction without spending any more money.
Lin Zuhui added: "Since we have already secured the victory, we don't need to put too much energy on it! We have to prepare immediately: Chinese Land and Cathay City will issue 10% new shares and sell them to New Era Group."
Liang Zhenxun immediately said: "We are already applying to the Stock Exchange and it is expected that we can officially issue an announcement next week!"
Lin Zuhui said regretfully: "After this round of stock market crash, I originally planned to privatize Cathay City, but at present, we can only choose to give up."
Everyone nodded, it was indeed true!
After the stock market crash, New Era Group spent a full 4 billion on the land and the old building above it (including the property above Lam Tin Metro Station). Now it is buying the land above Enping Road and the building above Baohua Construction (in cooperation with Chinese Real Estate).
A large amount of money was spent on new shares of the subsidiary, and it is estimated that the debt will return to 4.5 billion (more than 300 million was repaid during the period).
"But it doesn't matter. By increasing the shareholding of the two subsidiaries to more than 45%, I have achieved my minimum goal!" Lin Zuhui comforted himself again.
As a result, New Era Group has only one unfinished plan in this round, which is to privatize Furama Hotel. This plan is not a problem in any case. Cathay City owns 51% of its shares, and no one has
You can participate in bidding.
As for the remaining 49% of the shares, Lin Zuhui plans to privatize it in the name of his family, which is expected to involve 700 million yuan (a premium of 30%).
.......
Hysan Real Estate.
In the conference room, Li Dingchang, the third generation successor to Li Hysan, was sitting in the chair of the board of directors and seemed to be in a very good mood.
Li Dingchang is the son of Li Hysan's fifth son, Rongjie. After obtaining a bachelor's degree in civil engineering from the University of Manchester in the United Kingdom, he once worked as a lawyer in the Supreme Court of England and Wales. After that, he officially entered the family business and officially took over the board of directors of Hysan Real Estate this year.
Chairman, let Hysan Land return to the leadership of the Lee family.
In 1981, after the death of the second-generation successor, Hysan Real Estate began to recruit managing directors around the world; that is to say, in these seven years, Hysan Real Estate actually adopted a professional manager model.
Therefore, after Li Dingchang regained control of Hysan Real Estate, he was eager to change the company's always "conservative" image, so he joined the acquisition battle of Baohua Construction.
Sure enough, he received the expected good results. Hysan Real Estate not only dominated the public opinion and morality in this acquisition war, but also hoped to win Baohua Construction.
Paul Ware Construction is a good company. If acquired, Hysan Properties will be even more powerful.
"How many shares of Baohua Construction have we acquired?" Li Dingchang asked.
"Chairman, we have acquired 15% of Baohua Construction's shares, plus the 15% from its major shareholder, which is equivalent to our owning 30% of the shares."
"Okay, I believe we will soon be able to increase our shareholding to more than 45%. By then, we will only need to control Baohua Construction at a very small cost!"
In Li Dingchang's mind, as long as Hysan Real Estate acquires more than 30% of the shares, plus 15% of the shares of the major shareholder of Baohua Construction, and a small amount of shares of other shareholders, he will win in one fell swoop without launching a comprehensive acquisition.
.
The price is not high, much smaller than the price of a hostile takeover by New Era Group!
What he cares more about is defeating Lin Zuhui!
That was 'Lin Chaoren' who had just defeated Li Chaoren twice. Doesn't this mean that he had defeated Li Chaoren?
.......
In the evening of the same day, Liang Botao, the financial consultant of New Era Group, officially announced that New Era Group held 43% of the shares of Baohua Construction and, in accordance with securities regulations, would conduct a comprehensive acquisition of Baohua Construction at a price of 8.8 yuan per share.
After Li Dingchang heard the news, he urgently found someone for consultation.
"How did New Era Group's shareholding increase from 32% to 43%?" Li Dingchang said with a confused look.
Logically speaking, even if there were investors who wanted to sell their shares from Monday to Wednesday, they would go to Hysan Land to register, because their bids were two-thirds higher than New Era Group's.
"It was acquired through a black market, and the minority shareholders of Baohua Construction were basically sold to New Era Group," the acquisition consultant said.
Li Dingchang's face suddenly became stiff. He had not thought of this move, and no one at Hysan Real Estate had thought of this move.
"If it goes through the black market, the stock price should be more attractive than 8.3 yuan per share!"
"Yes, it must be higher than our purchase price!"
After thinking for a long time, Li Dingchang asked again: "Do we still have a chance to fight back?"
The acquisition consultant said: "It may be too late. Their shares will almost increase to more than 47% tomorrow. Moreover, the price is too high!"
It was Li Dingchang who originally proposed to acquire Baohua Construction at a price that was two-thirds higher than that of New Era. The acquisition consultant did not suggest this; but Li Dingchang insisted on this because he wanted to make Hysan Real Estate less conservative. , changing the outside world’s impression of Hysan Real Estate.
Therefore, at this time, since New Era Group has made a bid, there is basically no time for Hysan Real Estate to bid again. After all, it is the weekend soon.
The price of 8.8 yuan per share is absolutely tempting. It is already more than double the price before the takeover war. Others can buy it in one day.
The key now is that Hysan Real Estate cannot make a profit from this acquisition. Their cost is 8.3 yuan.
The only gain is that Hysan Real Estate made New Era Group suffer a big loss and won praise from some people.
"Okay, let them win! We will sell the stock to them later and we can make millions at least!"
Earn a p, once the acquisition fee is paid, Hysan Real Estate will not make money, the senior management thought in their hearts.
The only good thing is that there was a wave of good advertising, but Liang Zi also accepted it.
...
On Friday evening, New Era Group announced that it holds 52% of the shares of Baohua Construction, and the acquisition was successful. At the same time, it also announced the launch of the redevelopment plan for Nos. 2 to 38 Yun Ping Road.
Why is there no No. 1? Because it is the property of the Hysan family!
Public opinion was in an uproar.
New Era Group will not announce a reconstruction plan at this press conference for no reason, and reporters who are familiar with the terrain quickly guessed that this is the home of Hysan Real Estate.
In other words, New Era Group is fighting back against Hysan Land.
For a time, the media began to prepare topics for tomorrow's report.
In the evening, Lin Zuhui was still working overtime and listening to the report of the building merger team.
The merger went smoothly, but the price was also high. A total of 26 owners from 2 to 38 En Ping Road all agreed, but nearly 300 million in cash was consumed, with an average premium of 25%.
This is still the impact after the stock market crash. If the real estate market reaches its peak, this price may not be enough.
"Go and talk to the Lee family about the acquisition of No. 1 Yun Ping Road. They have no reason to refuse!"
"OK!"
Of course, there is no reason to refuse. After all the owners have approved the redevelopment plan, you disagree with a single unit; the important thing is that you are a real estate developer. If you let your business friends know that you are "fixing buildings", you will be scorned and your reputation will be scorned. It will stink up the streets.
And once Hysan Properties is labeled as a "nail house", as long as they rebuild the property in the future, those from all walks of life will have to "nail house" them.
...
The next day.
The media in Hong Kong have written a lot about the battle between New Era Group and Hysan Land; if you stop my acquisition, I will build the building right at your doorstep.
For a time, the citizens of Xiangjiang were fascinated.
After Li Dingchang saw the news, he immediately lost his composure, because the annexation of Enping Road was in Hysan Real Estate's current plan; in fact, this plan was planned to be implemented soon. Hysan Real Estate was preparing to build a 31-storey building. A high-end commercial building with a floor area of RMB 620,000.
"Lin Zuhui, you are so cruel!"
For a moment, Li Dingchang knew that he was completely defeated this time.
A high-end commercial building with more than 600,000 square feet is worth at least more than 1 billion, not to mention that it is one of the core plans of Hysan Real Estate.
Baohua Construction failed to acquire the property and lost a high-end commercial building.
This time he didn't gain any face at all, but instead lost face in the business world.
As for No. 1 Yun Ping Road, it had to be sold to someone else in the end. Otherwise, the whole of Hong Kong would know that the Lee family was working as a "nail house" and the impact would be extremely bad. Even the Planning Department would not be able to look past it.
What makes Li Dingchang suspicious the most is whether there is a high-level executive of Hysan Real Estate who is a traitor. Otherwise, why would Lin Zuhui know the core plan of Hysan Real Estate in the first place?
For a moment, Li Dingchang's face became unpredictable.
On the same day, at the emergency meeting of Hysan Real Estate, Li Dingchang had an unpleasant quarrel with a group of directors and senior management. Not only did they suspect that Hysan Real Estate had a traitor, but some directors also questioned Li Dingchang's strategic failure, which caused the company to suffer huge losses.
Loss.
Some directors suggested: "Acquire No. 2-38 Enping Road of New Era Group at a price higher than two-thirds."
Valued at 500 million, Hysan Real Estate lost more than 200 million to compensate New Era Group for its losses.
...
Starting from mid-May, the New Era series has continued to move:
First, New Era Group acquired 10% of the new shares issued by its two subsidiaries, Huaren Real Estate and Cathay City, involving more than 600 million funds, and launched a comprehensive acquisition as usual, at a price of 10% of the highest price in the past six months.
premium.
Then the Lin family announced that it would participate in the privatization of 49% of the shares of Furama Hotel, involving a capital of 680 million.
Everything went smoothly, and there was no incident like "Hysan Real Estate disrupted the situation" again.
By late May, many changes had taken place throughout the New Era Group:
1. Lin Zuhui personally holds 49.8% of the shares of New Era Group (the comprehensive acquisition failed);
2. New Era Group holds 55% of the shares of Chinese Real Estate (the full acquisition failed), New Era Group holds 60% of Cathay City shares (the full acquisition fails), and New Era Group holds 96% of the shares of Baohua Construction (the full acquisition fails)
success).
Third, Chinese Land holds 98% of Legu Real Estate (successfully privatized), Chinese Land holds 34% of Fuli International (a company that invests in U.S. real estate), and Chinese Land holds 49% of Central Entertainment (preparing to be sold as a shell company
).
Fourth, Cathay City holds 34.8% of the hotel's shares, Cathay City holds 51% of Furama Wines (the Lin family holds the other 49%), and Cathay City holds 100% of the Hilton Manila Hotel.
In this round of business activities:
The Lin family spent a total of 2 billion in cash (including increasing its stake in Wanhui Media to 49%), leaving only 2.5 billion in cash flow.
New Era Group's debt has risen to 5 billion, but its strength and potential have been greatly enhanced; first, it has strengthened the shareholdings of its two flagship subsidiaries, secondly, it has succeeded in internal development (that is, it has increased its strength in the construction field), and finally
It has a strong land bank (second only to Sun Hung Kai, Henderson and Cheung Kong).
.......
.......
Friday, May 27th.
In the conference room of Heung Kong Industrial, the heads and senior executives of the three companies, Heung Kong Industrial, New World and New Era, were discussing cooperation on the fourth and fifth phases of Discovery Bay.
The third phase of Discovery Bay is being carried out in three phases, including 143 garden villas, 172 low-rise and 882 high-rise units, with a total construction area of 1.1 million square feet. It has been completed since May.
The third phase was very successful. Starting from the beginning of May, Hong Kong's real estate industry began a new round of surge; especially overseas investors came to Hong Kong to invest, and more than 10 property transactions worth hundreds of millions were reported in a month.
Cha Jimin said: "For this cooperation, Heung Kong Industrial's plan is: first, sell the development rights in cash; second, when the property price reaches more than 650 Hong Kong dollars per square foot, we, Heung Kong Industrial, will share 35% of the profit."
Zheng Yutong and Lin Zuhui both nodded, because there had been high-level negotiations beforehand, so there would be no bidding today.
"Our New World and New Era are a joint company this time, participating in the construction of the fourth and fifth phases. New World holds 60% of the shares and New Era holds 40% of the shares." Zheng Yutong responded.
Lin Zuhui added: "The division of labor in the third phase is still adopted: Xiangjiang Xingye serves as the project planning manager, New Era and New World pay the construction fee and plan the sales."
This cooperation is actually more beneficial to New World and New Era. They can share 65% of the profits. Of course, the premise is that a development rights fee is paid first.
Zha Jimin said self-deprecatingly: "Compared to you two, we are still students in real estate. This sale of development rights is also based on our own lack of strength."
Lin Zuhui comforted the old man and said: "The territory of Discovery Bay is so big, why worry about Xiangjiang Xingye when there is no leader, Mr. Cha, don't you think so?"
Once the new airport plan comes out, Heung Kong Industrial will not give up the bulk of its profits to others.
"Haha, I've learned a lesson, it's me who is stingy!"
Next, Zha Jimin said: "The price of this development right is 254 million, do you two have any objection?"
"No!"
"No!"
In this cooperation, Xiangjiang Industrial plays the role of a "subway company" and charges a fee first.
Of course, the projects in the fourth and fifth phases are also very rich. The two phase projects include high-rise and low-rise residential units, with a total construction area of 1.4 million square feet and 1 million square feet respectively.
Although everyone has set a standard unit price of more than 650 yuan, Lin Zuhui knows that according to the fourth and fifth phases of settlement in 1990, 1992, and 1994, the unit price here can be sold at least 1,000 yuan, and the average price may be It’s 1,500~2,000 yuan.
Because the real estate environment in Xiangjiang has increased by 2 to 4 times in the past few years, not to mention that there is a new airport plan here.
Therefore, the total profit generated in the fourth and fifth phases will be more than 3 billion, and New Era Group is expected to obtain 26% of the total profit, which is considered very generous.
On the same day, the three parties successfully completed the signing!
On the way back, Lin Zuhui and Zheng Yutong were traveling together.
Zheng Yutong said: "You have been a bit ruthless in dealing with the Li family recently!"
Lin Zuhui said in confusion: "Uncle Tong, you are mistaken! It was me who was bullied by the Li family first. We spent at least two to three hundred million more on Baohua Construction!"
Zheng Yutong said with a smile: "I know, but didn't you also make a profit from the reconstruction of the property on Enping Road? That's not what I'm talking about. You published in the newspaper that the Lee family is a 'nail house', and No. 1 Enping Road is asking for 2 You are roasting the Lee family in a volcano for billions of things!"
Lin Zuhui said innocently: "The asking price of 200 million is true. We have a recording of the negotiation, but we just haven't produced it."
Zheng Yutong was stunned. This Li Dingchang is really unprovoked and has no good manners. How about a barrister?
It’s not that there is anything wrong with the Lee family not selling No. 1 Yun Ping Road, but if you ask for 200 million (actually worth 20 million) and someone catches you, that’s not good; after all, you are also a real estate developer.
If you do this kind of thing of raising prices on the ground, what will you do if you need to merge with the building in the future?
The important thing is, why would you offend a ‘King of Media’?
Don’t make it too easy for others to mess with you!
Finally, Zheng Yutong said: "Li Dingchang asked me to sue you for peace. He is willing to buy the property rights of No. 2-38 Enping Road from you at a price higher than two-thirds, which is 500 million yuan!"
Net profit of 200 million sounds very good!
But Lin Zuhui is not that stupid. The value of rebuilding a building will be billions of dollars in a few years!
"Uncle Tong, why don't you make another trip and ask him to sell No. 1 Enping Road to us. We are willing to buy it for 30 million! If it succeeds, I will accompany you to hoe twice for a period of time.
You decide!"
Zheng Yutong was overjoyed and immediately said happily: "Win three times!"
"You have the final say! It's like I haven't played with you before!"
"You have the nerve to say that every time you play for a while, you find someone to pick on you. You are impatient and miss your little girlfriend!"
Lin Zuhui immediately had no way to refute. When it came to hoeing the big d, Lin Zuhui had a high level of skill and good card skills (he could memorize cards), but he was impatient. The main reason was that he did not want to spend his beautiful night playing cards with the old man.
But Zheng Yutong loves playing cards with Lin Zuhui the most!
Finally, Zheng Yutong warned: "If others are willing to let go of No. 1 Enping Road, you have to let go of the nailing of the upstairs. It is best for both parties to hold a signing ceremony, or you can announce in the newspaper that No. 1 Enping Road has changed hands.
matter."
He knew that Lin Zuhui had the power of speaking, and the Li family had recently wanted to settle the matter, so they should not continue the matter.
Lin Zuhui only valued profit, and naturally said happily: "This is natural! Business matters, business competition, this is my consistent style."
Zheng Yutong nodded, this is true. Although this kid does ruthless things, he only competes in the mall!
"By the way, why do you remember suddenly buying a stake in Xiangjiang Industrial?" Zheng Yutong asked.
At the beginning of the year, New Times exchanged 15% of the new shares of Heung Kong Industrial for less than 3 points of new shares. This made Zheng Yutong think about it, and it seemed that this was a good deal.
"Let's bet. The new airport should be ready within the next two years, and Discovery Bay will be very profitable by then!" Lin Zuhui said generously.
There is nothing to hide in this. Although the Discovery Bay project is profitable, New Era Group's stock appreciation will be higher. In fact, it is a cooperation that is beneficial to both parties.
"In that case, we in the New World should consider it!"
Lin Zuhui said with a smile: "If you let Brother Chun come on stage and exchange it, you can give Brother Chun more prestige!"
Zheng Yutong has already said that he will retire next year (he will remain as chairman of the board of directors and let his son be the general manager), so Lin Zuhui knows about it.
"It makes sense, but you should look further ahead!"
The two of them chatted all the way and soon arrived at Hong Kong Island. In fact, the two of them chatted so well that they didn't feel that time passed by.
Being able to invite Zheng Yutong as an agent this time, Lin Zuhui is in a very good mood and is expected to win No. 1 Yun Ping Road. After all, a 600,000-square-foot high-end commercial building will only last a week, let alone playing cards with him for a few nights.
None of it is a problem.
Everyone also gambles money when playing cards, but the maximum is only a few million, so no one cares!