In the conference room of Yongan Group, Chinese Real Estate and New World Development were invited to negotiate.
Since the stock market crash, the Kwok family has known Lin Zuhui's true thoughts, which is to take advantage of the low market price to privatize Yongan Group; or to propose re-election of the chairman of the board of directors at the shareholders' meeting, because Chinese Real Estate and New World Development
A total of 51% of the shares are held.
The reason why we had not launched an attack before was simply because public opinion was too strong or the stock price was too high.
Not long after he sat down, Guo Zhiliang couldn't wait to say: "Lin Sheng, Zheng Sheng, if this continues, we will all suffer losses. How about we shake hands and make peace?"
Lin Zuhui smiled and shook his head!
That smile originally gave people a feeling of spring breeze, but in the eyes of the members of the Guo family, it was like a lump in the throat, with cold air rising from their bodies.
"Based on the highest price of 24 yuan during the stock market crash, if I buy your 79 million shares, it will cost about 1.9 billion! I can get a nearly century-old company and a large number of properties. Why wouldn't I do it? You know, we Chinese real estate buyers
There are several billions of Hong Kong dollars in liquidity lying on our accounts.”
The Guo family immediately glared at each other, and Lin Zuhui didn't even look down on them!
Zheng Jiachun immediately agreed: "We have all paid a high price, so we must achieve our goals, otherwise why should we hand over the fruits of victory to you?"
Guo Zhiliang said painfully: "Those three buildings are the core assets of our Yongan Group!"
Lin Zuhui said calmly: "Compared with your ancestral business, real estate assets are now full of bargains! You, the Guo family, are not worried about the other side, so why bother with too much nostalgia! What's more, you understand your situation very well.
, that means you have lost. If it weren’t for the time it takes to prepare funds, I would have already taken control of Yongji.”
The members of the Guo family finally understood that Lin Zuhui had made up his mind. If the stalemate continued, they would not even be able to save Yongji.
After a long while, Guo Zhiliang said: "I agree to your request and sell three buildings to your company, but at the same time, you need to sell 8% of the shares to our designated banking institution at a fair price!"
At present, Yongan Group's stock has dropped to more than 10 yuan per share (not delisted), and it is still acceptable to sell it at a fair price.
Lin Zuhui glanced at Zheng Jiachun, meaning that New World Group should come out first. Of course Zheng Jiachun nodded happily. Although the loss per share was a little, the merger was hopeful.
Lin Zuhui said: "The value of the building fell by 30%. The Wing On Center was 1.9 billion and the other two buildings were 1.4 billion. They were sold at this price."
Guo Zhiliang immediately said: "Where high-quality buildings will fall so much?"
Lin Zuhui finally sneered and said: "That is to compensate us for the expenses incurred by the acquisition. It can be said that the shares in our hands have already incurred a lot of losses! Moreover, high-quality buildings will fall so much, and now all foreign-funded institutions in Hong Kong are withdrawing.
, without their leasing, the rent of office buildings would not be able to recover for another three to five years. Guo Sheng, think about it carefully, if it were you, would you buy the property at a premium now?"
Zheng Jiachun couldn't help but admire Lin Zuhui's huge appetite. He originally expected to reduce the price by 20%!
In fact, Guo Zhiliang had already reached this point, so he signaled to several members of the Guo family and nodded in submission.
That's right, it's surrender!
Guo Zhiliang finally said: "What are you going to do with Lin Sheng's shares?"
Lin Zuhui smiled mysteriously, and then said: "I plan to help you find an ally, otherwise it will be difficult for Yong'an Department Store to break through!"
Guo Zhiliang suddenly felt funny and said: "Mr. Lin is still so kind? I wonder which bank he plans to sell to?"
Lin Zuhui did not hide anything from Guo, and said: "I remember that Japan Seiyu Co., Ltd. has discussed cooperation with you many times but failed! I personally feel that Wing On Department Store can only take on a new look by joining the advanced management and purchasing channels of Japanese department stores. Of course, I am not
I worry about your affairs, but others are interested in the stocks in my hands, so why should you not be able to take advantage of them!"
Zheng Jiachun was speechless. Just now, he thought that Lin Zuhui asked him to sell stocks first to let New World Development cash out first. Unexpectedly, after a long time of doing this, he had already thought of a way out.
I have to admire it!
Guo Zhiliang said: "I hope everyone can discuss this matter before we discuss it, and complete the comprehensive transaction first!"
Lin Zuhui said: "Yes, yes, but my capital is 17 yuan per share. Even if I am willing to discount 16 yuan, other companies may not be interested!"
Guo Zhiliang said helplessly: "We will try our best to complete the disposal of the shares in Lin Sheng's hands!"
Only then did Lin Zuhui give up. He had actually made money this time!
After all, Wing On Center was worth 2.7 billion before the collapse. Now it can be bought for 1.9 billion, which is enough to offset the 800 million acquisition of 25% of Wing On's shares. You know, even if a high-quality building in Central drops by 30%, others will not sell it now.
What's more, there is still hope that the Yongji shares in Lin Zuhui's hands can be sold at a fair price. As for the malicious privatization of Yongji, he still doesn't want to bear the bad reputation, so he can just let it go!
Wing On Center is located opposite Tower 3 of Exchange Building, with only Connaught Road in between. And only across Pottinger Street from Wing On Center are Hong Kee Building and Mandarin Bank Building.
Therefore, if the merger of Hong Kee Building and Chinese Bank Building is successful, Chinese Land will be able to own a first-class commercial building with an area of 1 million square feet in this location, which will greatly strengthen the allocation of office buildings in Central.
After walking out of Yongan Group, Zheng Jiachun said with a smile: "You are so easy to talk to today, why did you change your mind not to acquire Yongan Group!"
The two companies are actually now considered competitors, New World, Henderson and Evergreen. The three companies have formed a consortium and are currently participating in the bidding for the "Garden Road King" project.
Therefore, when Guo Zhiliang proposed reconciliation, Lin Zuhui thought it was feasible!
This chapter is not finished yet, please click on the next page to continue reading the exciting content! New World needs to spend another 1.4 billion to purchase Yongan Building and Yongan Life Building, which will inevitably cause a large increase in debt, so bidding will naturally be cautious.
Lin Zuhui said with a smile: "Isn't this our purpose from the beginning? Now we are taking advantage of the low market conditions to reach a deal. Moreover, people at the scene are panicked, so this deal is natural. Everyone thinks that Guo is making a fortune!"
Zheng Jiachun was stunned. This friend of his would "take advantage and sell it well", but it made sense. Now that he has bought a few buildings, it can be said that the impact will be very small, thinking that all properties in Hong Kong are for sale.
The two chatted about non-work matters and then separated.
Zheng Jiachun is the head of a large group and has his own analysis of the situation. He will not ask Lin Zuhui about that. If the two of them usually get together, they will talk about romance.
Xiaoshuting app
There is now a "Zheng Lam Group" rumored in Hong Kong, which refers to a group of people led by Zheng Yutong and Lin Zuhui. Its members include Liu, Yang Shoucheng, Pan Dickson... and others. This group occasionally gathers together
Together, it's very obvious.
This team will probably be called the 'Big D Club' in the future, but with Lin Zuhui as a giant in this world, its influence may be more than doubled.
...
Returning to Chinese Real Estate, Lin Zuhui said to Gao Yi: "The owners of the Chinese Bank Building have put forward our offer and strive to complete the merger within this time."
Gao Yi asked: "Reduced price by 30%?"
In the conference room of Yongan Group, everyone found it a bit incredible that one could actually buy the Central Building at a 30% discount. Later, everyone realized that the boss was not there to negotiate the price, but to rob.
At present, the property price in Xiangjiang has indeed fallen by 30~35%, but like the high-quality buildings in Central, the owners will not sell the buildings cheaply. They can at least choose to recover a little bit before selling. After all, it is not a war.
Lin Zuhui said: "Reduced the price by 25%, let's go and talk first! Don't go to Cen Caisheng's place. I know him. I'll pay him a visit later!"
Cen Caisheng is the chairman of the Press Association, and Lin Zuhui is the vice chairman. Do you know anyone there? Cen's "Overseas Chinese Daily" has been founded for more than 60 years. Cen Caisheng himself holds some public positions in society and has some influence.
"OK!"
After Gao Yi left, Lin Zuhui leaned on his seat and started thinking.
In this once-in-a-lifetime opportunity, neither New Era Group nor Chinese Real Estate entered the stock market to hunt for dips. There are two reasons:
First, the current market value of the Hong Kong stock market is only over 400 billion, and Lin Zuhui personally invested 3 billion. He is worried that the impact will be too great.
Second, a Chinese property owner who is heavily in debt will be more conducive to privatization at the end of the year.
...
When Lin Zuhui came to the headquarters of "Overseas Chinese Daily", some staff looked at Lin Zuhui curiously as he passed by, with a hint of surprise on their faces. Maybe not, they thought Lin Zuhui was coming to buy "Overseas Chinese Daily".
Under the old-school management of the Cen family, the Overseas Chinese Daily has lost ground to the new upstarts in the newspaper industry in the later period, and has gradually declined. Its current sales volume is only more than 30,000 copies. As far as Lin Zuhui knows, none of Cen Cai’s four children have any intention of inheriting the ancestral business (the one founded by his grandfather).
Newspaper), and Cen Caisheng is 69 years old this year, and he may already have thoughts of quitting.
Under the guidance of the staff, Lin Zuhui came to Cen Caisheng's office, and the two greeted him warmly.
"Old Cen, you are in good spirits!"
"Zu Hui, I think you must be exhausted!"
Both of their words have profound meanings, and it is nothing more than a matter of newspaper public opinion.
Of course, Lin Zuhui also has headaches, but he has a clever trick, which is to become a hands-off boss. He is originally a real estate tycoon, and Wanhui Media has always been decentralized management and is also a listed public company.
Of course, Lin Zuhui warned Long Jingchang and other management beforehand that the newspaper handlers should not get too involved in those matters...
Lin Zuhui said with a smile: "Tiantian Daily is a 'popular' newspaper, a newspaper for public entertainment. I think the one who has the headache is Jin Daxia, haha!"
This should be a big part of the reason why Jin Daxia wanted to quit. He wanted to have a literary character, but he didn't want to make enemies.
It’s hard to be a human being when you’re stuck in the middle!
Cen Caisheng had to admire Lin Zuhui's ability to "play both sides" and said with a smile: "You are amazing!" The implication is that Wanhui Media has been very "playing both ways" recently.
In fact, Lin Zuhui's media career is a double-edged sword. He has gained a lot of influence, but he also has to participate in it.
For example, if he wants to set up satellite TV, he must introduce the content of American TV stations (four of the six channels broadcast foreign TV stations, so that people in Asian countries can see American TV stations), and it is estimated that there will be some TV stations from there.
Side pressure.
Of course, Li Huagua can withstand it, and so can Lin Zuhui.
He is a world businessman. He cannot be a great hero, but he is definitely patriotic!
After a brief chat, Lin Zuhui explained his purpose and said: "We, Chinese Real Estate, plan to merge the Hongji Building and the Chinese Bank Building. Mr. Cen, we are willing to buy the 20% equity in your hands for 120 million!"
Cen Caisheng pondered for a moment and said: "Before the plunge, my 20% stake was worth 150 million!"
Lin Zuhui nodded and said: "I can't say that completely. After all, a year before the collapse, he was not worth 120 million. Now that foreign capital has withdrawn from Xiangjiang, I don't know how many years it will take for Xiangjiang's office buildings to recover. Considering this reason, it is not worth it anymore."
In addition, the real estate prices outside have dropped by more than 30%. Because we are all old friends, I am not willing to lower the price with a 30% drop, so I will trade with a 20% drop."
Cen Caisheng said: "Aren't you a big real estate friend in Xiangjiang? Why are you still so bearish on the real estate market?"
Lin Zuhui said with a smile: "It's not bearishness, it's a fact. I am still optimistic about the real estate market in Hong Kong, but I have to spend the sluggish years in the past few years carefully. Just like the negotiations in 1982, in recent years
I don’t know how many real estate companies will go bankrupt in the future.”
Cen Caisheng nodded and agreed with Lin Zuhui's words. The impact on real estate and securities this time was so great that they cannot recover in a short time.
His 20% equity may be able to wait until a few years later for the price to return to its pre-slump price, but it is a big deal for others to merge with the property. Besides, with 120 million, he can still make a profit on investment.
"Okay, if you are so cheerful, I won't counter-offer!"
This is how the two parties reached an agreement!
In fact, regardless of whether the merger is successful or not, buying Cen Caisheng's 20% stake will not be a loss.
After all, the two buildings will not be demolished unless all conditions are met, so the 20% interest in the Chinese Bank Building can still bring stable income.
Therefore, this transaction will not be a loss no matter what!
What Lin Zuhui didn't expect was that the merger of the Chinese Bank Building went very smoothly. In just one month, Chinese Real Estate purchased all the shares, spending a total of 600 million yuan. I won't say more at this time.