Chen Bin came to Lin Zuhui's office and said: "Boss, will you participate in the auction of the land in Shep Yau Estate, Sham Shui Po, Kowloon?"
"Land information" immediately flashed through Lin Zuhui's mind. This piece of land is 200,000 square feet. Calculated based on the plot ratio (Hong Kong's floor area ratio) of 7.8, it is a floor area of 1.5 million square feet.
Large and medium-sized housing estates like this can be regarded as "luxury residential areas" because of their complete supporting facilities. Therefore, this project is very profitable. As a New Era Group with sufficient cash flow, how can it miss it!
What's more, I originally wanted to invest in rent-collecting properties worth 2 billion Hong Kong dollars, but there is no suitable target on the market now. It seems that rich people are not stupid. They plan to wait for the market to be good and sell, so they will put it aside for now.
Lin Zuhui said: "I will not participate. You can go and participate. Just remember to get the land back!"
Chen Bin knew it well, mainly because his boss had analyzed the real estate trend and was very optimistic about the housing market in the next few years. Therefore, it is difficult for other real estate companies to dare to follow New Era Group's bid.
"Okay, I know!"
Chen Bin did not ask the boss about the upper limit, knowing that the boss would not tell him, so he left it all to himself. The average land price in Kowloon is only 2,500 Hong Kong dollars per square foot, but this is a 'luxury land', and there may be a 20% to 70% premium. possibility.
Not long after Chen Bin left, Li Ke brought Huang Tingfang and his son from Sino Real Estate to Lin Zuhui's office.
Lin Zuhui stood up and went to greet him, saying: "Brother Huang Sheng, Zhixiang, please come and make my place shine!"
The Huang family is a big friend of the auction house, but when they met Lin Zuhui, they had no choice but to surrender. The Huang family also wanted to cooperate with the New Era Group, but for large-scale commercial projects, Lin Zuhui would reduce the number of partners, unless it was very special. Big projects.
Huang Tingfang said with a smile: "Lin Sheng has been doing great things recently. Even a huge company like Hengchang Enterprise has been acquired by you. We are willing to lose!"
"You're welcome, please sit down!"
Join if you can't beat them. This is probably the idea of the Huangs and their sons. Their so-called big friends may not be the opponents of the cash cow New Era Group.
As expected, not long after drinking tea, Huang Tingfang said: "Lin Sheng, I am not satisfied with what you said. We at Sino are also very optimistic about the housing market in Hong Kong. However, the two powers want to compete. No matter who wins or loses, the one who is cheaper is the Hong Kong government. So, Can our two families strengthen cooperation and cooperate on large-scale government land for residential use?"
He only emphasized residential official land and did not emphasize large-scale commercial projects. He also knew that Lin Zuhui attached great importance to rent-collecting properties. To put it bluntly, residential land is a place to make quick money, and it is easier to reach cooperation.
Lin Zuhui said with a smile: "Why not? The residential project will make one-time money. If I have extra funds, I can develop a few more sites. There is really no need to fight to the death with a strong opponent like Huang Sheng."
Huang Tingfang was immediately very happy and said: "That's great! It's true. Every time we raise the price, the Hong Kong government earns an extra 20%. It's not cost-effective at all!"
Lin Zuhui nodded and said: "In that case, let's go to that piece of land this time. How about working together?"
Huang Tingfang and his son both became happy and nodded.
"Of course, I can't ask for it!"
The New Era Group is too powerful, and only the Cheung Kong Group in Hong Kong can rival it (Chinese capital). Not only that, the New Era Group's ability to raise funds is simply invincible. It either makes a lot of money from financial investments, or raises funds through large-scale rights issues, or it will
Part of the equity was sold to the Lin family. The most important thing is that the recurring net profit for one year is also very high.
The cash cow is New Era Group.
Chen Bin was called again, and the two parties quickly agreed on a 50-50 cooperation, with New Era Group leading the auction, building planning, construction, sales, etc.
After chatting for a while, Lin Zuhui said: "Huang Sheng, your Huang family has a very deep foundation in Singapore. If there is an opportunity, how about working together on a business project?"
Huang Tingfang immediately said: "Of course, we will definitely cooperate if we have the opportunity!"
Lin Zuhui nodded. He has also been considering one thing recently, which is to invest New Era Group overseas and inland. Although overseas real estate has low profit margins, if the local situation is stable, it will be a very good investment environment.
Therefore, Lin Zuhui is considering buying low-priced office buildings in Europe and the United States and entering Star City this year and next.
After Huang Tingfang and his son left, Lin Zuhui called Liang Zhenxun.
"Forget about investing in rental properties, high-quality properties may not be found for a while. The end of this month is the delivery month of the Hang Seng Index contract, and the Hang Seng Index is expected to fall below 2,900 points."
When Liang Zhenxun saw that his boss didn't continue talking, he immediately asked: "Does the boss want to buy blue chip stocks at the bottom?"
This time, Lin Zuhui shook his head and continued to think.
After a long time, he said: "I want New Era Group to invest in listed and unlisted companies in Hong Kong on a large scale to increase New Era Group's influence in Hong Kong. We should at least invest 1.5 billion to 2 billion every fiscal year in some useful companies.
Companies with potential, please ask the Securities Department to consult with you later. You can give priority to some of our partner companies, such as Yang Shoucheng's Emperor International, Fang Jin's Great Wisdom Development, Liang Botao's Peregrine, Taiping Concord. In the future, some Chinese companies will be listed.
We can also take shares in the company."
Liang Zhenxun understood and immediately nodded and said: "This is indeed a good investment direction. It can increase our influence in Hong Kong and get a lot of returns. Although blue-chip stocks are stable, their returns are far less than those of some high-quality small and medium-sized stocks.
Moreover, this type of investment is a win-win situation. The invested company issues new ordinary shares, and in exchange for the cash in our hands, we can obtain the development of the company; and we can also get the shares at a fair price and wait for appreciation. Importantly, this can also strengthen cooperation.
and increase impact.”
This chapter is not over yet, please click on the next page to continue reading! This is just Li Chaoru's routine, but Li Chaoren has just started. Lin Zuhui feels that New Era Group's cash flow will soon be so high, it can be done.
In Hong Kong, most wealthy people invest in securities. Li Chaoren lost nearly 1 billion in futures prices during the 1987 stock market crash. Lee Shau Kee and Liu Luanxiong also lost a lot of money. Only Lin Zuhui is a general yum, and has never failed in his investment.
There is another reason why Lin Zuhui changed his mind about investing in blue-chip stocks. Although the Hang Seng Index plummeted by about 20% this time, most blue-chip stocks performed well, especially New Era Group's peak market value of 48 billion, and it still has a market value of 45 billion.
Less than 10%.
On September 8, the Furama Hotel, which had been renovated for nearly 16 months, reopened with a grand opening ceremony. Celebrities from Hong Kong came to congratulate it.
In fact, even if Xiangjiang's tourism industry flourishes after the reopening, Xiangjiang's hotel industry may not soon reach the peak period of 1988. The reason is that the competition is too fierce. Since the hotel industry continued to prosper in the 1980s, it stimulated a rush to invest in hotels.
.It is expected that by 1992, more than 20 hotels will open in Hong Kong. Among them, the very large hotels with more than 400 rooms include: the 566-room Island Shangri-La in Hong Kong; the 1,026-room Panda Hotel in Tsuen Wan;
A 550-room hotel (not yet officially named) on Lockhart Road, Stewart Road and Chise Road, and a 510-room hotel in North Point.
Therefore, there is no way to make a lot of money by opening the Furama Hotel. It would be good to have an annual return rate of 8% (profit divided by the current asset value).
Lam Cho-fai is not interested in the rate of return of the Furama Hotel, but hopes that his family will have a luxurious five-star hotel in Central to demonstrate the strength of the family.
"Lin Sheng, congratulations!" The invited guests congratulated Lin Zuhui one after another.
Many artists were invited today, including Jack Cheng, Hong Sanmao, Chow Yun-hua, Stephen Chow, Zhang Guorong and other top stars in Hong Kong. When opening a hotel, the most important thing is to be famous, so today half of the entertainment industry in Hong Kong has been invited.
What was more interesting during this period was that Gao Lihong looked at Lin Zuhui in a strange way, but Lin Zuhui was very calm. Some women were just passing by, and he didn't take any notice of them.
In the banquet hall, Li Mingtao, vice president of New Era Hotel, delivered a speech, and then the banquet officially began.
Lin Zuhui's table was filled with big names in the business world, including Zheng Yutong, Zheng Jiachun, Li Shauji, Li Jiajie, Huang Tingfang, Huang Zhixiang and others.
During this period, Zheng Yutong asked curiously: "New Era Hotel's Hilton Hotel in Manila should be very profitable, right?"
Talking about this, Lin Zuhui couldn't help but feel a little proud, not because of how valuable the Manila Hilton Hotel is, but because his operating methods have been cited as classics by Xiangjiang financial commentators.
The acquisition capital that year was US$12 million, of which New Era Hotel only provided US$3 million, and the rest was all high-risk finance (loans with slightly higher interest rates) arranged by Japanese financial companies.
"It is estimated that we will be able to repay most of the debt this year, and next year we will not only recover the cost, but also make a slight profit."
The reason why the profit is so high is because the hotel's original large shopping mall was leased to the Manila government for use as a casino. Not only is the rent very high, but it also drives the development of the hotel industry, with almost an annual profit of up to 50% (low acquisition costs).
It is one of the rare most profitable hotels.
Zheng Yutong and his son showed envy on their faces. There is absolutely no problem which hotel is now valued at 30 million US dollars. The profit on the asset book alone has more than doubled. Because the political situation in the Philippines was stable last year, and this year the government is vigorously developing tourism.
.
But there is no way, Lin Zuhui's grasp of the situation is unmatched by anyone in Xiangjiang. Even the big hotel groups have developed by leaps and bounds in the past few years because of Lin Zuhui's joining.
After everyone chatted for a while, Lin Zuhui picked up his wine glass and greeted the guests.
After all, as a host, no matter how high your status is, you still have to say a few words to your guests.
There is no doubt about Lam Cho-fai's status in the entertainment industry. Chow Yun-hua, Stephen Chow, Li Lianjie, etc., these movie stars were all trained by DreamWorks; and now Lam Cho-fai is planning to "revitalize Hong Kong through Hong Kong culture", which has established his position in the entertainment industry.
In terms of transcendent status, even Uncle Shao was no longer as good as him.
He came to the artist's side, patted Jack Cheng on the shoulder, and said, "Big star, when are you going to Hollywood?"
The two had some minor frictions back then, but they no longer took it to heart. Naturally, Jack Cheng did not dare to take it to heart.
"Lin Sheng, thank you very much. I can't even beat Brother Fa and Master Xing. How dare I go to Hollywood!" Jack Cheng said with a smile.
Lin Zuhui said with a smile: "The stage for stardom is still bigger in Hollywood. Europeans and Americans can't understand the meaning of our movies, but they appreciate our kung fu movies."
Jack Cheng suddenly felt like rushing to Hollywood, but he quickly calmed down. With the support of Golden Harvest, he is now internationalizing his movies. That is, first opening up the international market, and then entering Hollywood.
After chatting briefly with everyone, Lin Zuhui withdrew and returned to his seat.
He was in a good mood today. The Furama Hotel is the only hotel owned by the Lin family in Hong Kong. Although the Grand Hotel is also the majority shareholder, outsiders regard the Grand Hotel as the property of the Kadoorie family.
Lin Zuhui also likes to eat, relax, use saunas, and sing karaoke in hotels, so he has a hotel of his own, where he can sometimes take girls with him and stay there for a whole day.