Lin Zuhui urgently summoned Chen Xiaofen and Gao Yi for a meeting in the office.
"The plan has changed. Now that New Era Group has sold all the rental properties, it will launch the Diligende Tower next week and try to complete the sale this month."
Chen Xiaofen said quickly: "No problem, I'll arrange it right away! Diligende Pavilion is the most luxurious residential property in Xiangjiang. Living in this luxury community, with a wide view and beautiful surrounding environment, will definitely lead to hot sales."
Lin Zuhui nodded. Although a unit costs 12 million to 20 million, there is no shortage of rich people in Hong Kong. When it is launched, rich people like Lee Shau Kee may not be able to bear to buy a few units as investment.
In fact, the reason why he temporarily changed his strategy and started selling more than a week in advance is because based on some news analysis, real estate will fall at the beginning of May, and then it will plummet.
To be on the safer side, it’s better to arrive a little earlier!
Lin Zuhui said to Chen Xiaofen again: "I'm a little worried about selling off-plan properties recently!"
Although I don’t know what the boss is worried about, Chen Xiaofen never complains about difficulties and will only try her best to complete it.
"Well, I will try harder!"
Lin Zuhui nodded appreciatively. He didn't like his subordinates to talk to him about difficulties.
Then, Lin Zuhui said to Gao Yi: "Release all the scattered rent-collecting properties of Chinese Real Estate to me, and organize all the intermediaries we have cooperated with. The price is parity, and it doesn't matter if the intermediary fees are higher."
Gao Yi also saw that the boss was determined not to have scattered properties, so he said without hesitation: "Okay, I will prepare it right away!"
Lin Zuhui warned: "You can't sell at a reduced price, just follow the market price... (Think about it)... Well, if the discount is within 5%, you can still consider it, but don't cause market panic."
"Well, I know!"
After the two left, Lin Zuhui calculated in his notebook:
If all the scattered properties of Chinese Real Estate (including entire office buildings and small shopping malls) can be sold before May, it is expected that 4 billion yuan of funds can be recovered.
At the beginning of the year, Chinese Real Estate had 2 billion in cash (rights issues and loans). It recently cashed out blue-chip stocks. The cash on the account and the rent totaled almost 1.5 billion. Adding in the 4 billion from the sale of scattered properties, the total was 7.5 billion in cash.
However, the expenses are very high. The land fee for Wan Chai Land King is 1.8 billion (50% equity). Yongan Group spent 800 million on the acquisition, and 2.6 billion has been eliminated.
There is still 4.9 billion cash flow left!
Of course, Chinese Real Estate originally had a debt of 3 billion, and then the total construction costs of the three projects of Entertainment Building, Jialan Center, and Central Plaza required more than 2.3 billion (Central Plaza only needs to contribute 50% of the construction cost, accounting for
half equity).
This is equivalent to an increase in debt to 5.3 billion, not counting the interest of 340 million per year (the debt is not filled up at once)!
The office buildings in Xiangjiang will be at a low point from the second half of 1989 to 1992, because many foreign investors began to flee and then turned back. In addition, all scattered rent-collecting properties were sold. It is expected that Chinese real estate will be in the next two years.
The net profit from renting is only about 500 million to 600 million (office rents reached their peak in the first half of this year, and based on the market conditions for the whole year, a net profit of 800 million to 900 million can be obtained).
However, there are only 12 buildings left by Chinese Real Estate:
Building 7 in Central District: Chinese Center Tower A and B (Admiralty), Entertainment Building (under reconstruction), Hong Kee Building, Lok Ku Building, Printing House, Lek Shing Building
Wan Chai: Harcourt Building, Central Plaza (land, preparation for construction)
Causeway Bay: Royal Building, Grand Center (land, under construction)
North Point: Lok Kei Hong
The total rent-collecting area is 4.6 million square feet. Of course, after deducting the 70 square feet of the half interest of Central Plaza, there are only 3.9 million square feet. Subtracting the rent-collecting area under construction, there are actually only more than 260 square feet under construction.
Rent area.
If all the cash flow in the first half of this year is used for loan repayments and construction costs, Lam has actually become the third largest real estate company in Hong Kong after Land and Wharf (based on 3.9 million square feet of rentable area).
Swire Properties is not a real estate company.
Of course this won’t work! I’m not satisfied!
After the plunge, Lin Zuhui will take the cash to negotiate with Land!
He has already set his sights on seven shopping mall properties and a building owned by Landmark, and plans to take advantage of the real estate plunge and foreign investors' panic to negotiate for acquisitions at a premium of 10% to 20%. (PS: Although Landmark intends to withdraw from Xiangjiang, it is not stupid.
, it is impossible to sell it at a low price when the market is at a trough, and it is usually sold gradually after the real estate recovers slightly)
Thinking of this, Lin Zuhui wrote in his notebook: Causeway Bay World Trade Center (building), Excelsior Shopping Mall, Newport Center Shopping Mall, Ocean Terminal (four-story large shopping mall)... a list of eight properties.
He is well aware of Land's assets, and also knows that except for the seven super towers in Central that Land will not sell, the rest are for sale.
Among them, the Newport Center shopping mall and Ocean Terminal are located on the Wharf, especially the Ocean Terminal. In the 1960s, it was invested by Jardine Matheson (also funded by the Hong Kong government) rather than by the Wharf, so it was not owned by the Bao family.
Acquisition; and Newport Center Shopping Mall is on Canton Road and very close to Harbor City.
These investments should be in the range of 5 billion to 6 billion!
It seems that as long as these properties are purchased, Huazhi’s rents will rise again!
At that time, the rent can not only repay the interest, but also support the construction expenses.
Putting down his pen, Lin Zuhui was very satisfied with his arrangement!
Although many scattered properties were lost, entire buildings and shopping malls were gained in exchange.
As for those scattered properties, Lin Zuhui just happened to set up a real estate fund under Hengjin Investment to manage the family's property investments (including 50% equity in Furama Hotel, 30% equity in Central Plaza, and 70% equity in the Diligende Pavilion project). In the future, he will directly
Incorporate family offices.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! ........
Lin Zuhui came to Xiangjiang Huaxin Company at the invitation of Mr. Rong.
As early as April last year, after New Era joined forces with Baoli Technology to defeat Cheung Kong and CEFC to acquire the property above the Lam Tin subway station, Mr. Rong expressed goodwill many times. In his opinion, Lin Zuhui's behavior in some aspects
Li Chaoren is even more powerful, and Huaxin should also enlist him as his backer.
After the two met and greeted each other warmly, they sat down on the sofa.
Mr. Rong said sincerely: "Lin Sheng, my father sincerely invites you to serve as a director of Huaxin. I hope you will not refuse!"
Lin Zuhui immediately hesitated. The so-called "one mountain cannot tolerate two tigers" is the current situation. Li Chaoren has been a director of CEFC for nearly ten years, and the competition between Lin Zuhui and Li Chaoren has just begun. Although he does not mind building a good relationship with CEFC,
But he hesitated on this matter.
Seeing Lin Zuhui's hesitation, Young Master Rong was also a little dazed. Isn't this a good thing?
However, he remembered that the capital paid no less attention to this person than Li Chaoren, and he knew that Lin Zuhui's status now, and that he controlled the mouth of Xiangjiang, was particularly important for politicians, not to mention that it was a troubled time now.
After a long time, Lin Zuhui said: "Will it bring any inconvenience to CEFC? As far as I know, Li Chaoren is also a director of CEFC!"
This statement is very straightforward. Introducing two Xiangjiang elders into CEFC may not be a good thing for CEFC!
Mr. Rong immediately understood that this man regarded Li Chaoren as his competitor. He was really courageous!
Of course, no one has the right to doubt Lin Zuhui's strength!
"No, we are all Chinese compatriots, what's the inconvenience there?" Mr. Rong said quickly.
He didn't want to worry about the competition between the two elders. He only knew that tying up Lin Zuhui would definitely be very effective in Xiangjiang.
Lin Zuhui said with a smile: "That's not necessarily the case! For example, if I want to participate in the AsiaSat-1 project, I have to have the same shares as everyone else!"
Mr. Rong suddenly became embarrassed. Although CEFC was taking the lead in this project, Dadong and Hutchison both held one-third of the shares.
"Mr. Lin, we at CEFC definitely support you in this, but as you know, we only hold one-third of the shares, and the other two parties hold the other two-thirds."
Lin Zuhui nodded. Mr. Rong's attitude was still good, so he had no intention of getting entangled in this aspect.
Instead, he stepped back and continued: "Then I will first book a lease for 12 satellite communication transponders. Can Mr. Rong facilitate this?"
At this time, Lin Zuhui completely took the initiative. Anyway, it was CEFC that wanted to win over him, so he wanted the benefits first. If CEFC was sincere, then he would also help them plan a backdoor listing. If CEFC was not sincere, then Hengchang Bank would be in trouble in the future.
, he will also take a hand.
He is not afraid of offending CEFC. Currently, the ATV ratings are 4:6 TVB, and Lam Cho-fai controls the largest media group. In addition, Ming Pao Group is about to acquire it (Ming Pao Group is said to be more influential than Wanhui Media), so he has enough
The capital is more important than Li Chaocheng's importance in the mainland. What's more, Lin Zuhui is a native of the mainland, so there is no guarantee that he will be taken more seriously there.
Mr. Rong immediately said: "There is no problem with this. I will definitely help you convince the other two shareholders!"
Lin Zuhui said with a smile: "You only need to convince one shareholder to pass it, right?"
Mr. Rong suddenly smiled awkwardly, he knew the competitive relationship between Lin Zuhui and Li Chaoren.
"Anyway, I will try my best to achieve this cooperation!"
Now that the talk has come to this point, Lin Zuhui will naturally stop showing off.
“Does CEFC Hong Kong want to be listed?”
Mr. Rong suddenly became a little excited. When it comes to backdoor listings, this man is an expert. This is how others started their business.
At this time, Liang Botao's Peregrine had not yet gone public through a backdoor listing. In his previous life, CEFC had just seen the listing of Peregrine and had followed suit through a backdoor listing.
Because of the global stock market crash, Chinese-funded enterprises have adopted a wait-and-see attitude towards raising funds in Hong Kong. Mainland enterprises still have concerns about the Hong Kong capital market. Of course, concerns are concerns, but Mr. Rong really wants to list CEFC Hong Kong in order to realize his own goals.
ambition.
At this time, Heung Kong CEFC owned more than 70% of the equity of K. Wah Bank, 12% of Cathay Pacific Airways, 24.5% of the Undersea Tunnel, 20% of Macau Telecom, 33.3% of Asia Satellite Communications, and some investment property projects.
If it is listed through a backdoor listing, based on the development history of Lin Zuhui, CEFC can quickly become a giant.
Mr. Rong nodded quickly and said: "We also ask Mr. Lin to join our CEFC board of directors and give us certain guidance in this regard!"
Lin Zuhui pondered for a while and then said: "I need to think carefully about becoming a director of CEFC because I have some concerns! But I hope CEFC will first help us with leasing satellite transponders; in return, I can backdoor CEFC
Listing, I will seek some advice, I believe it will be of great help to you.”
In the cable TV dispute last September, Hutchison Whampoa chose to give up at the last moment because the Hong Kong government increased the capital guarantee amount and high patent tax conditions. I don’t know if Li Chaoren had this idea at this time, but Lin Zuhui knew
, Hutchison Whampoa should sign a lease of transponders with AsiaSat next year.
Mr. Rong asked: "Are you renting transponders for news agencies or satellite TV?"
When Lin Zuhui heard this, he had an idea and said calmly: "Anything is fine, it is of great use anyway!"
Mr. Rong immediately understood that this person was guarding against Li Chaoren, but it just so happened that it was more convenient for him to facilitate this deal.
"Mr. Lin, do you think we should go public through a backdoor scheme?" Mr. Rong still planned to test Lin Zuhui's tone.
Lin Zuhui said with a smile: "The first thing to do when going public through backdoor listing is the shell. I wonder if you have any goals?"
Mr. Rong shook his head!
Backdoor listing is a term used in the stock market. The listing of a company in Hong Kong requires more than five years of operating performance in principle. Normal listing requires considerable manpower, financial resources and time. Therefore, backdoor listing is the best choice.
This chapter is not over, please click on the next page to continue reading! Chinese-funded companies have little experience in Hong Kong and their accounting systems do not meet the listing requirements. It is generally difficult to list through normal channels. Therefore, backdoor listing is basically the only option for listing.
Lin Zuhui said casually: "Cao Guangbiao's Taifu is good. Taifu operates real estate and investment and is in good operating condition. But Cao Guangbiao is busy fighting with Cathay, his financial resources are exhausted, and he is exhausted. The possibility of reaching his intention is very high. Of course, backdoor listing must be done slowly.
, finding the right time is very important. If you are free, I will call Liang Botao to come with me later, and we can sit down and talk!"
In this life, Liang Botao has actually become Lin Zuhui's senior advisor, and his relationship with Li Chaoren is not as good as in his previous life; of course, Peregrine's other boss, Du Huilian, is Li Chaoren's senior advisor.
Therefore, some people jokingly say that behind the two bosses of Peregrine, there are two real bosses.
Mr. Rong's eyes lit up. In fact, he and Li Chaoren had already discussed the issue of shells, but they were definitely not as confident as Lin Zuhui, who could decide the country with one decision.
This is the boss who controls the capital market!
In terms of influence in the capital market, no one in Hong Kong is as famous as Lam Cho-fai, not even Leung Bo-tao.
Where does Lin Zuhui's huge financial resources come from? Half of them are obtained through hard work in the capital market. This is a consensus in the business circle. Otherwise, according to Lin Zuhui's apparent strength and the several rights issues of New Era Group, Lin Zuhui has no family backing.
people, how to raise funds.
"Thank you for your advice, Mr. Lin. Don't worry, I don't think there is any problem with renting a transponder!"
Lin Zuhui nodded. Asia One has 24 transponders. Leasing half of them is equivalent to cutting off Li Chaoren's idea and saving his son from becoming a traitor and selling satellite TV to Murdoch.
Satellite TV is still very profitable. Together with leasing transponders, it only requires an investment of 3 billion Hong Kong dollars. In the previous life, the Li family sold 6 billion Hong Kong dollars after 20 months of operation; importantly, there are still nearly 360 million US dollars.
Advertising revenue (non-net profit, and the annual cost of maintaining five channels is US$80 million, excluding option investments and other expenses).
Lin Zuhui plans to let New Era Group do this business and does not intend to sell it!
Although satellite TV was not allowed to broadcast Cantonese channels at first (the Hong Kong government stipulated it under the pressure of TVB, ATV, and Cable), in fact, two years later, the Hong Kong government relaxed this rule.
All in all, this is a profitable business.
Just in time for Hua Xin to win over him, he could kill Li Huagua again.
Satellite TV and ATV do not overlap too much. Satellite TV has at least three channels that broadcast foreign programs. (U.S. satellites cannot cover Asia, while Asia One covers Asia, Africa, etc.). The investment costs for the other two programs are relatively small.