Time flies and August arrives in a blink of an eye.
Thursday, August 2nd.
Early this morning, Iraq brazenly invaded Kuwait.
In the morning, Hong Kong had already received the news, and keen investors had already felt that "a storm is coming".
In the morning, Lin Zuhui came to New Era Group and he seemed to be in a very good mood.
Hengjin Investment bought a total of 1.2 billion Hong Kong dollars in crude oil futures, with an average price of US$16.5 per barrel, and did not encounter any crises during the period.
New Era Group also bought HK$350 million in crude oil futures, with an average price of US$17 per barrel.
Everything was ready and all he needed was the east wind, which happened to be here today, and his mood was naturally very beautiful.
The impact of the "Iraq's invasion of Kuwait" is multifaceted.
In Hong Kong, Lin Zuhui knew that the stock market would plummet by 20%, and the real estate industry ‘should not fall’.
The stock market closed at 3580 points yesterday. Based on a 20% drop, the bottom can be bought at 2900 points.
The reason why real estate has fallen even though it should have fallen is simple. He remembers that it was because Hong Kong followed the United States in cutting interest rates twice, and the government introduced the Civil Servant Home Purchase Plan. Two interest rate cuts would lead to an influx of funds into real estate and the stock market, so this The secondary stock market will soon restart its upward channel.
In other words, Xiangjiang will usher in seven years of economic, real estate, and stock market explosions.
The morning newspapers had not yet published the news of 'Iraq's invasion of Kuwait', because even if the newspaper got the news, it would be at five or six in the morning, and it was too late to organize re-layout and printing, so it could only be published in the evening newspapers.
Soon, Liang Zhenxun came to Lin Zuhui's office.
"Boss, have you got the news that Iraq has invaded Kuwait?" Liang Zhenxun was a little excited and had an expression of admiration.
Lin Zuhui said with a smile: "Of course I got the news. Don't pay too much attention to it. Crude oil will skyrocket in the next few months. The crude oil futures we invested in are waiting to collect money. Hong Kong's real estate will not fall. There is no room for decline. We There’s no need to worry.”
Liang Zhenxun couldn't help but sigh, his boss is really the company's anchor. Such a big thing may cause various complicated changes in the situation. After he said it, his mood did not calm down.
"Well, okay! However, Hengchang Enterprise should also have received the news. Oil will skyrocket next, and their car sales will definitely be affected."
Lin Zuhui said with a smile: "I have been waiting for this opportunity, otherwise how could He Shanheng make up his mind to sell! Next week, we have to get Hengchang Enterprise. I have many plans and I am waiting for it!"
Liang Zhenxun immediately knew that when his boss acquired Hengchang Enterprise, he was not only interested in the current performance of Hengchang Enterprise, but also planned to rely on Hengchang Enterprise for great development. This is also the consistent style of his boss. The acquired enterprises will be rejuvenated. The momentum can even quickly expand several times in size.
"Okay, I'm going to get ready!"
After Liang Zhenxun left, Chen Bin came to his office again.
After he finished reporting his work, Lin Zuhui said: "In the next period of time, the land exchange rights and interests will become unknown. Our company can get them all. When the Hong Kong government approves the land, we will also strive to get more land at this time." Take some."
Chen Bin nodded seriously and said: "Okay, our company has sufficient financial strength, so we can continue to buy the bottom."
Behavior that goes against the market is Lin Zuhui's specialty.
At this point, Sun Hung Kai and Henderson can't compare, and are always one step behind.
By the end of 1990, the real estate development projects in Xiangjiang were concentrated in the hands of eight large real estate companies;
Four of these eight real estate companies account for 70% of the supply of residential units in Hong Kong.
The four major residential development real estate developers are: New Era Group, Sun Hung Kai, Henderson, and Cheung Kong.
The rest of the real estate companies, because they do not have enough reserved land, have lagged behind these four real estate companies, including New World Development and Hang Lung Properties. The same is true for New World Development, which focuses on hotels and rent collection, and Hang Lung Properties, which likes asset restructuring.
A good opportunity to reserve land was missed.
Other large real estate companies, such as Wharf Group, Swire Group, and Land, although their asset values are high, they all rely on investment properties (rent collection) and have almost no development of residential projects.
A monopoly has been formed!
The next day.
In the past month, Hengchang Enterprises distributed large cash dividends (using more than 800 million), which can not only appease small shareholders, but also reduce the attractiveness of acquisitions; the most clever move is that Dachang (Hengchang is a holding company)
) even used 150 million Hong Kong dollars in cash to distribute pensions in advance to 320 senior employees who served before July 1984. On the one hand, it was to take care of the old employees, and on the other hand, it was obviously to reduce the amount of cash held.
Lin Zuhui's heart was bleeding, but he knew who else would have reduced his cash holdings before the company was at risk of being acquired.
And it seemed that Hengchang Enterprise should still have a lot of cash, so Lin Zuhui decided to take action immediately.
He personally visited He Shanheng's home on Friday night.
Although the relationship between the two is not very close, given Lin Zuhui's identity, He Shanheng will naturally not refuse.
He's private residence.
Lin Zuhui was carrying a gift, but He Shanheng greeted him in person.
"Lin Sheng is so polite. You are already so prosperous when you come to my residence. How can you still get a gift?" He Shanheng said with a smile.
He will not regard Lin Zuhui as a real junior. At least in the business world, Lin Zuhui is qualified to be of the same generation as him.
He was even deeply impressed by Lin Zuhui's thoughtful strategy. Lin Zuhui quoted two prices in total, and although he rejected them both times, he never dared to peek at Lin Zuhui for fear that he would make a public acquisition.
By then, once the quotation of HK$330 comes out, most other shareholders may not be able to resist the temptation. Even their old friends He Tian and Liang Qiu have been shaken.
He himself only holds 30% of the shares. Once Lin Zuhui acquires 51%, he will have no choice but to sell it.
This chapter is not over yet, please click on the next page to continue reading! The price of HKD 330 is definitely quite tempting!
Lin Zuhui smiled and handed the gift to the servant of He Shanheng's family, and said politely: "He is the senior and I am the junior. These small gifts can only represent my feelings!"
He Shanheng did not hesitate and invited Lin Zuhui to walk into the villa together.
In the living room, the two briefly chatted for a few words, and Lin Zuhui began to clarify his purpose.
"Mr. He, yesterday's invasion of Kuwait by Iraq will inevitably lead to a surge in oil prices. The car retail sales of Hengchang Enterprises will be greatly affected!"
He Shanheng smiled and said, "Does Lin Sheng still like it?"
Lin Zuhui said frankly: "Of course, my quotation remains unchanged. I am interested in Hengchang Enterprise because I am interested in the 4,000 foreign trade talents of Hengchang Enterprise. After the acquisition, I will develop and expand them."
He Shanheng was finally moved. He got the news yesterday, and considering that Hengchang Enterprise's automobile trade would be greatly affected, he had already planned to sell Hengchang Enterprise. Now that Lin Zuhui's quotation has remained unchanged, he felt much better.
However, He Shanheng still said with some dissatisfaction: "Oil rises and falls, and the temporary impact will not cause much loss! To be honest with Lin Sheng, Hengchang Enterprise still has 800 million worth of cash and stocks on its books, so its net worth has already
Over 8.5 billion!”
Lin Zuhui smiled and said: "He Sheng, if I make a public acquisition, I'm afraid you are the only one who won't agree!"
His tone was joking, but with a hint of toughness.
He Shanheng said playfully: "Maybe, do you want to try it? But you may only have one chance. If you miss it, you will have no chance!"
Lin Zuhui said with a smile: "So I still hope that Mr. He can complete this acquisition, and I am also willing to do one thing for Mr. He!"
He Shanheng became curious and asked: "What's the matter?"
Lin Zuhui said seriously: "He has devoted his whole life to Hang Seng Bank and Hengchang Enterprises. We can't sell them all and exchange them for nothing. After I acquired Hengchang Enterprises, I sold Hengchang Building at a flat price of 880 million to
What do you think? Mr. He uses this building to collect rent, and it can also connect Mr. He with 'Hengchang'."
This is Lam Cho-fai's real trump card. Hengchang Building is located in Central and is a high-quality property. It is also a high-quality asset for Lam Cho-fai, not to mention the Ho family.
However, Hengchang Building belongs to Hengchang Enterprise, and it is impossible for He to belong to He. Now that Lin Zuhui has made this impossible possible, how can He not be tempted.
He Shanheng was indeed very moved, and said with a smile: "What a talented person in the business world, within three to five years, Li Chaoren will not be as good as you!"
Lin Zuhui said modestly: "You are too old to be praised. There is a long way to go between me and Li Chaoren!"
After thinking for a while, He Shanheng said: "Although your conditions are very attractive, I still can't take the lead in supporting you because we still have many details that have not been discussed. I will not deliberately stop you from bringing people to Hengchang Enterprise for negotiations on Monday.
For this acquisition, you need to convince all shareholders and make a public announcement of the acquisition."
He Shanheng did this just because he was worried about being accused of taking kickbacks, and Lin Zuhui certainly understood that.
So he said with confidence: "Don't worry, Mr. He, we are confident that we can reach this deal!"
He Shanheng nodded. He actually knew that his two old friends were already moved, and of course he was also moved!
At the beginning of the new week, Lin Zuhui led Liang Botao, Liang Zhenxun and others to Hengchang Enterprise for talks again. This time the talks took a long time and were very detailed.
The acquisition consortium has vowed to ensure that Hengchang will not be dismantled or employees will be laid off. Hengchang's mechanism will remain the same as before, and Hengchang founded by the older generation will flourish under the new leadership.
The conversation went very smoothly that day, and almost all the three elders of Hengchang Enterprise expressed their agreement.
then.
That evening, Peregrine made a formal proposal to acquire Hengchang Enterprises in the media on behalf of New Era Group. The price was HK$330 per share, involving a capital of 6.93 billion. The acquisition ended on August 30.
This is a rare acquisition by an unlisted company in Hong Kong according to the practice of listed companies. There are 430 Hengchang shareholders, so Hengchang is no longer a private company, but actually a public company. The only difference between it and a listed company is that it is not
List and trade stocks.
Because the acquisition has become public, unlisted public companies still must abide by Hong Kong's Takeovers and Mergers Code. That is, when a consortium acquires more than 35% of a company's equity, it must purchase the company's shares at the highest price within 6 months.
Propose a comprehensive acquisition in cash. Of course, this is the goal of New Era Group.
August 7, Tuesday.
Public opinion in Xiangjiang was once again aroused.
"Economic Daily" used the headline "The largest transaction in Hong Kong's history reaches 6.93 billion yuan" as the title. The article pointed out that if this transaction is completed, New Era Group will have become a huge comprehensive group, involving all walks of life in Hong Kong.
, the prospects are very good.
"Oriental Daily" used the phrase "Not afraid of high debt, New Era Group wants to spend another 6.93 billion to acquire Hengchang Enterprises." This newspaper has always been at odds with Lin Zuhui. Although it has not stepped on it openly, it is also an old yin and yang.
The media is so exciting, so naturally there are also inquiries from friends.
Zheng Yutong called directly and said: "I knew you were acquiring Hengchang Enterprises. I lost to you. I am convinced that I lost!"
Lin Zuhui smiled and said to Zheng Yutong opposite: "Uncle Tong, you lost to me. According to Mr. He, even if your bid is slightly lower, I will consider you!"
He pretended not to know that He Shanheng could not be sold to Bei Yi because Bei Yi wanted to spin off Hengchang Enterprise.
Zheng Yutong smiled bitterly and said: "I can't afford this price. You know me, I don't like the top market price. But if you dare to make a public acquisition, have Brother He and the others already agreed?"
Lin Zuhui said generously: "Let's keep it together, otherwise I wouldn't dare to do anything to offend them!"
Zheng Yutong seemed to be in a better mood again and said, "Congratulations in advance, I'll treat you to a treat this weekend and let's all get together!"