New Era Group began to prepare for the privatization of Cathay City Hotel Management. The stock performance of Cathay City Hotel Management has always been poor. The reason is simple, because the annual financial losses are either losses or small profits that are inconsistent with the asset value.
The assets of Cathay City Hotel include: 34.9% equity of Grand Hotel, 51% equity of Furama Hotel, Hilton Hotel Manila, 51% equity of Canadian Constellation Hotel Group, and 51% equity of American Aircoa Hotel Management Company.
In terms of asset value, Cathay City Hotel's growth rate is impressive, with its current value being over 7 billion; its debt is actually not high, at only 1 billion.
You must know that when Lin Zuhui took over Cathay Pacific, the net assets of Cathay City Hotel were less than 500 million.
However, due to the fact that the hotel, the largest asset, has paid less dividends in the past two years, and the funds are mainly used to pay off debts, and the Peninsula Hotel in Tsim Sha Tsui has built two high-rise hotels behind it, the total dividends are about 100 million to 200 million per year. Cathay Pacific
Dividends are in the tens of millions. In other respects, the Manila Hilton Hotel needs to pay off its own debts (the acquired debt is passed on), the Furama Hotel is renovated (the renovation funds are pre-profits), and the dividends from Canada's Constellation Hotel and the American Aircoa Hotel Management Company are not high.
Taken together, Cathay City Hotel needs to repay RMB 90 million in interest every year, and its annual net profit is only a little more than this amount.
This will of course lead to investor dissatisfaction, so the current market value is only 1.85 billion!
Logically speaking, a listed company with net assets of more than 6 billion would have an annual net profit of at least 600 million; no matter how bad it is, based on the minimum standard of 6%, it would still have to be 360 million.
However, the share price of Cathay City Hotel Management has been sold low, which is suitable for the privatization of New Era Group.
Liang Botao and Liang Zhenxun came to Lin Zuhui's office. The financial consultant for this privatization of Cathay City Hotel was still Peregrine.
Preparations were already underway years ago, so Lin Zuhui asked: "At what price will it be privatized?"
As his wealth increases, Lin Zuhui becomes more and more "kind-hearted", so privatization must be privatization in good faith.
On the contrary, Da Liu was engaged in "robbery" in the stock market in the past few years and was called a "sniper"; after the August 7 stock market crash, Da Liu "washed his hands in a golden basin" and no longer engaged in stock market robbery; just as investors
When he thought he had changed his gender, Da Liu acted like a monster again in another place. Da Liu began to privatize Huamei Real Estate. His privatization was very artistic. He first offered a test price, then another price, and then another price.
, defeating the psychological defenses of small shareholders step by step. Moreover, Liu is trying to win over one group and suppress another. No matter how small shareholders make trouble, it is useless to petition the Hong Kong government. The Securities Regulatory Commission will at most condemn him. Liu generally does not participate in the shareholders of his companies.
Because he was afraid of being scolded, he always sent his wife Bao Yongqin to the conference.
Liang Botao naturally knew what Lin Zuhui was thinking, so he said: "The premium is 27%. According to the current sluggishness of the stock market, this price is very attractive. New Era Group only needs to pay 940 million to get back 2.4 billion in assets."
What's more, what we got back was not just 2.4 billion assets, but one asset that could immediately generate a large amount of dividends. Once it reached 1992, all five assets could generate a large amount of dividends.
Lin Zuhui nodded and said, "Okay, you can pay it at this price! There will be no share swap this time, and the shares I hold can no longer be diluted!"
Of course, Liang Botao knew that Lin Zuhui attached great importance to the shareholding ratio. For example, Li Chaoren only held 34.9% of the shares in Cheung Kong, while Lin Zuhui has maintained 49% since he became rich.
Of course, if you want to maintain a 49% shareholding, you must know when to increase your holdings.
After talking about the privatization of Cathay Pacific, Liang Botao asked Lin Zuhui: "What is the future of real estate in Xiangjiang?"
Lin Zuhui asked: "Are you preparing to acquire a listed real estate company?"
In November last year, Peregrine used 300 million capital to leverage to acquire Kwong Sang Bank with a market value of 1.4 billion; so Lin Zuhui guessed that Peregrine, who is good at the securities market, must be preparing for another acquisition.
Liang Botao nodded and said: "We are preparing to acquire Taishun Group and plan to use this company as an investment in real estate and securities!"
This was a shareholder of Peregrine and his backer, so Liang Botao felt that there was nothing he could not say.
Lin Zuhui nodded and said: "The prospects of real estate are definitely good. It is a stable investment. We have the opportunity to do projects together!"
For Lin Zuhui, Peregrine would go bankrupt sooner or later. Even if it made gains in real estate, it could not withstand the ambitions of Liang Botao and Du Huilian. The biggest reason for Peregrine's bankruptcy in his previous life was that he did not have sufficient liquidity and would spend a large amount of money.
assets to invest in Indonesian Rupiah.
Liang Botao nodded and breathed a sigh of relief in his heart. He considered himself extraordinary, but he had to compare with others.
The two chatted for a while, and then Liang Botao got up and left.
Lin Zuhui couldn't help but ask Liang Zhenxun: "Do you think I was like them back then?"
Liang Zhenxun was stunned for a moment, then thought for a moment and then said: "It's different, they have no performance, they only know how to use financial leverage to buy out! The boss's method is different. While doing business, he uses finance to supplement the industry."
Lin Zuhui nodded. He really didn't make a desperate move at the beginning. The debt was up to 40%. Even if it plummeted by 30%, it would not be fatal.
On Saturday morning, Li Jiaxin coaxed Lin Zuhui to take her to ATV, and Lin Zuhui complied with her wishes. Li Jiaxin is a woman who loves beauty, and she cannot be willing to stay in the villa every day.
In fact, Lin Zuhui wanted to find something for Li Jiaxin to do, but the woman seemed to be out of interest, so he didn't bother to care about it. Anyway, the seed might have already been planted in her belly, and Lin Zuhui didn't think she would have anything else.
idea.
When the two came to the ATV building, Li Jiaxin quickly took Lin Zuhui's arm, for fear that others would not know that she was Lin Zuhui's girlfriend.
Lin Zuhui's status in ATV has now reached Uncle Shao Liu's status in TVB!
This chapter is not over yet, please click on the next page to continue reading! Although he is not the founder of ATV, ATV has been suppressed by TVB for so many years. It was Lin Zuhui who turned clouds and rain and brought ATV to its current status. So.
, his influence in ATV is far greater than that of his predecessor, Li's company, Qiu Degen.
After arriving at ATV, Lin Zuhui happened to remember something and asked his assistant to invite several management personnel for a meeting.
After a while, everyone came to the conference room. Li Jiaxin sat beside Lin Zuhui excitedly. She did not expect that she could still participate!
The senior executives who came in looked at Li Jiaxin and didn't ask any questions!
Lin Zuhui said with a smile: "It's not a formal meeting, it's just to communicate an idea of mine to everyone!" The implication was that it didn't hurt for Li Jiaxin to listen.
Everyone nodded, because they also discovered that many senior executives did not come, but CEO Zhou Liangshuyi did.
Then, Lin Zuhui said: "Who can tell me about Li Ming and Guo Fucheng? For example, what achievements have they achieved, and what are the prospects for training?"
Soon, someone reported to Lin Zuhui.
"Li Ming's current performance is very good. He released 4 albums last year, all of which achieved platinum sales. He suppressed the momentum of Hacken Lee, who also belongs to Polygram Records, and replaced him."
Although Liming has signed a contract with ATV, ATV can cooperate with PolyGram and other world record companies to jointly promote popular artists; ATV can obtain appointments from Liming's artists, that is, participate in the filming of ATV's programs, dramas, movies, etc.; PolyGram can
Receive recording income, concert share, etc.
"Guo Fucheng released two albums in Taiwan last year, with a total of 1.5 million copies. This year, he has returned to Hong Kong to develop and become a new star that we at Asia Vision support."
Lin Zuhui nodded and said: "In fact, I summoned you this time because I suddenly had a good idea! Our Hong Kong entertainment industry has a mature packaging mechanism and a unique way of making stars, which can completely spread 'Hong Kong entertainment culture' to the world.
Overseas. So, I think we should create a gimmick, led by our ATV, to make ATV's Lai Ming and Aaron Kwok, and TVB's Andy Lau and Zhang Xueyou into the 'Four Heavenly Kings', and make them popular throughout Asia!"
ATV has a mature packaging mechanism, and Lin Zuhui has abundant resources. Whoever he wants to be popular is all a matter of his words.
Zhou Liang Shuyi's eyes lit up and she quickly said: "The boss's plan is very good! Back then, Chow Yun-wa became popular in Asia with DreamWorks movies, especially in Japan and South Korea. If we propose the 'Four Kings', we at ATV will not only
Only two kings can be obtained, which also drives the progress of the entire Hong Kong entertainment industry."
Everyone praised Lin Zuhui for his good advice, and there was a flood of flattery!
Li Jiaxin looked at Lin Zuhui with admiration. She was thinking, is there anything in this world that her man doesn't understand? Real estate, finance, media, and clothing are all good at it. There is no such a capable tycoon in Hong Kong!
Lin Zuhui finally said: "Okay, I have put forward my opinion, and I will use you to do it in the future! President, you can discuss it with Fang Yihua. This kind of thing is good for everyone, and the two parties can do it together! If Wireless does not agree, it will definitely
If you want to arouse the dissatisfaction of Andy Lau and Zhang Xueyou, it would be better to switch to ATV at that time!"
Zhou Liang Shuyi nodded and said: "Okay! We can use your newspapers to get this stunt out first. By then, Wireless will also have to participate!"
In fact, although Liming and Guo Fucheng were very popular at this time, Andy Lau and Zhang Xueyou had been popular for a long time, so ATV was suspected of taking advantage of them.
"That's it! Finally, our ATV record company must increase investment and attention. When YG Entertainment grows up, the potential is very huge!"
"Yes!" Everyone replied seriously.
Wireless’s record company is China Star, and ATV naturally has its own record company, which was first renamed ‘Donghua Records’.
After the meeting dispersed, Li Jiaxin said with admiration: "Brother Hui, how can you solve the problem of the Four Heavenly Kings with just a few words?"
Lin Zuhui said with enjoyment: "What else? There are thousands of people in ATV, why do you want me, the boss, to fight in person? Little girl, learn from it!" After saying that, he became smug, and this side was only revealed in front of his own woman.
.
Li Jiaxin came closer and said, "What's the use of learning something? I don't have any subordinates!" After saying that, there was a bit of hope on her face.
Lin Zuhui said with a smile: "You'd better have other subordinates, otherwise you will give random orders. Do you really think that anyone can take my position?"
Li Jiaxin immediately stopped and started acting like a baby.
Lin Zuhui finally said with a smile: "Okay, I will consider setting up a family office in the next two years. By then, you won't even have to use your brain. Whether it is investment, travel, shopping, legal affairs, or children's education, there will be someone planning or planning for you.
Process it!"
Li Jiaxin said excitedly: "Then what have we become? We don't even need to use our brains?"
"It's okay if you don't want it, I'm not forcing you to do it!"
"I hate it, I want it!"
After joking for a while, Lin Zuhui took Li Jiaxin to visit ATV. He himself was not curious about things in the entertainment industry, but he couldn't resist Li Jiaxin's curiosity. Anyway, today is also Saturday, so Lin Zuhui should relax a little.
When it was almost over, Lin Zuhui and Li Jiaxin met Zhou Huimin in the corridor.
When Zhou Huimin saw Li Jiaxin holding Lin Zuhui's arm, her face suddenly changed, and then she walked past with her head lowered.
Being sensitive to women, Li Jiaxin immediately noticed this situation and asked: "If there is a situation, why doesn't Zhou Huimin say hello to you? It's like she is avoiding us!"
Lin Zuhui said with a normal expression: "I am not familiar with the artists here, and we have rarely met each other, so we may not say hello!"
Li Jiaxin said suspiciously: "Those people just said hello, there is no reason for her to turn a blind eye!"
"Let's go, why are you giving someone else's shoes to wear? You're so careful!"
"How can I not! I just doubt it."
"Don't talk nonsense!"
In this way, Lin Zuhui barely escaped, but he was very curious whether Zhou Huimin would let him go to bed!