On Wednesday, Lin Zuhui made an impromptu decision to go to New York, USA.
On the plane, Citibank Vice President John and Lin Zuhui sat together. Lin Zuhui and he became good friends after they attended the groundbreaking ceremony of the Hong Kong Universal Baotong Center together.
This time John came to Hong Kong in person to persuade Lin Zuhui to invest in Citibank, and Lin Zuhui readily agreed.
It turns out that the "U.S. Banking Crisis" event occurred this year. Citibank, one of the largest commercial banks in the United States, suffered huge losses in real estate loans and was urged by the Federal Reserve to increase its capital reserves. Because people were afraid that Citibank would go bankrupt, they sold its shares one after another.
, causing its stock price to plummet, causing a great crisis.
John then thought of Lin Zuhui, the 'stock god'. Although this stock god is not on Wall Street, he is the real stock god. It is impossible to keep Lin Zuhui's rise completely secret. Where did his huge wealth come from? Everyone knows that it came from the financial market.
get.
The reason why Lin Zuhui agreed was that he knew that this investment was quite promising. In his previous life, Citibank's annual return rate was as high as 40% throughout the 1990s; and, if Lin Zuhui became Citibank's major shareholder (without management rights),
Next, he planned to buy low-priced commercial buildings in the United States and other investment plans, so he had an additional helper.
Since 1989, the vacancy rate of European and American office buildings has increased year by year, and the price of office buildings has naturally plummeted; but Lin Zuhui knew that this situation would change in 1992.
In Lin Zuhui's view, it is a good time to start buying bargains next year.
Investing in European and American office buildings is not about the rate of return, but about stable income. However, conservative estimates suggest that the annual rate of return is more than 10%. Because it is a bargain hunt, the rate of return will be higher.
On the plane, John said: "Mr. Lin, if your financial consultant is satisfied with the audit, how much will you invest?" He placed great hopes on Lin Zuhui. According to the person in charge of Citigroup Xiangjiang, his wealth is unfathomable.
Lin Zuhui said with a smile: "My financial advisor will not be satisfied with your Citibank's finances. As far as I know, the commercial real estate industry in the United States is extremely bad this year. Bankruptcies of your customers occur frequently, resulting in so many bad debts. Citibank's
How can finances bring satisfaction?”
The so-called bargain hunting is nothing more than gambling. At this time, the target companies are basically in ruins.
Citibank's current stock price is around US$12, but according to a news report seen by Lin Zuhui in his previous life, Citibank's stock price will also drop to around US$8 next year due to news that commercial real estate in the United States will continue to deteriorate.
Therefore, he is not just buying the bottom, but making friends with Citibank.
John did not expect Lin Zuhui to comment so directly, but he still said: "The difficulties are short-lived after all. Citigroup is one of the largest commercial banks in the United States. It has experienced several such crises in history and has successfully passed them."
Lin Zuhui said: "The bigger the scale, the greater the risk in this crisis. Citibank is entangled in many real estate problems and cannot escape. After rushing to clean up many disastrous loans to developing countries, Citibank's prospects are
It's all bleak. Of course, even though Citibank has a lot of problems, I still tend to invest in it, and I think it's a long-term investment."
John breathed a sigh of relief. This investor was recommended by him, so he naturally hopes to succeed.
New York.
Lin Zuhui was in the conference room of Hengjin Investment, listening to the report of Hengjin Investment and Family Office.
Bruce, the manager of the family office investment department, carefully reported the situation of Citibank. He participated in this financial investigation in the name of Hengjin Investment.
As expected, Citibank's overall situation is not optimistic, even more so than other U.S. banks.
Lin Zuhui asked: "If I plan to invest, what do you think?" Although he was already determined to invest, he still asked for professional advice.
Bruce said: "There are risks, but if the investment is successful, the returns are also large. A similar situation happened to 'Bank of America' in 1987, but it has improved now and has not had a great impact in this crisis. If the boss
If you decide to invest, I suggest you keep the amount below US$100 million."
Lin Zuhui shook his head and said: "No, I take a longer-term view, so I plan to invest US$200 million, and I will consider continuing to invest in the future. My reason is that Citibank's crisis may not disappear in one or two years, but after two years
The situation will definitely improve, because I am optimistic about the U.S. economy and real estate throughout the 1990s. Your family office and Hengjin Investment will also pay attention to the European and American commercial real estate situation recently. Next year, I may be involved in large-scale bargain hunting activities."
Bruce was stunned. It seemed that just as George from Hengjin Investment said, his boss was a very creative boss. His financial talent was far superior to that of Wall Street elites and stock gods.
"OK"
The next day, Lin Zuhui led a group of people to Citibank's headquarters at 399 Park Avenue in New York City. This was his first real visit to Wall Street, because the previous visits to Wall Street were very low-key and no one knew about it.
This time it was different. He was inspecting Citibank in the name of his family's investment company, Hengjin Investment. Once an investment deal is reached, it will inevitably be reported by many media in the United States.
John Reed, chairman of Citibank, led people to warmly welcome Lin Zuhui and his party. He has been overwhelmed by the wave of criticism from the American media recently and feels very stressed. Now that Lin Zuhui is here, maybe this situation can be alleviated.
"Mr. Lin, welcome to Citibank!"
"Mr. Reed, I am also honored to come to Citibank, and even more honored to come to Wall Street!"
"Haha, Mr. Lin is so humble. You are very famous on Wall Street!"
This is not a good thing, for Lin Zuhui, who likes to keep a low profile. However, he cannot completely hide his strength. After all, his money cannot be conjured out of thin air, so it is easy for others to find out that he has made tens of billions in financial profits.
above.
This chapter is not over yet, please click on the next page to continue reading! It has made more than 10 billion in profits in six years, which is naturally a little more powerful than the elites of Chinatown.
After being polite, everyone came to the conference room.
Naturally, John Reed first introduced Citibank, but he only reported good news and not bad news.
At this time, the market value of Citibank was less than US$4.2 billion. If Lin Zuhui invested US$200 million, he would account for about 5% of the shares. This kind of investment would not be difficult for the US government, and Lin Zuhui would not be able to enter the management anyway. On the contrary,
At a time when Americans are worried that Citibank will go bankrupt, Lin Zuhui's intervention in investment is a timely help and will be praised by everyone, including American investors.
Therefore, Lin Zuhui said: "My financial advisor has informed me of Citibank's situation. Although it is not optimistic, I still decided to invest."
When Reid heard this, he didn't expect Lin Zuhui to be so cheerful. He was worthy of being a hidden predator in the financial world.
Next, everyone discussed the investment plan.
The so-called investment is naturally not to purchase stocks from the secondary market, which would not be of great benefit to Citibank itself. It is naturally to obtain Citibank shares by issuing common stocks or preferred stocks, and Citibank can also
Raise funds.
In the end, he bought 4.9% of Citigroup's common shares for $12.46 per share, for a total of $207 million.
He planned to let Hengjin Investment invest this fund. As for the funds, it was naturally through a loan from Xiangjiang Bank and mortgaged with part of the assets of Hengjin Real Estate.
He does have more than 5 billion in cash flow (personal treasury), but he feels that since Citibank's annual return rate was as high as 40% throughout the 1990s, even if the 8% interest is excluded, he can make a net profit every year from this investment.
32%.
Very cost effective.
As for my own cash flow, I naturally have to do more things.
After reaching the agreement, John Reed said: "Mr. Lin, we have prepared a dinner for you tonight, I hope you can come!"
Now that he has become famous on Wall Street, Lin Zuhui naturally does not need to hide his head and show his tail.
"certainly!"
New York, Peninsula Hotel.
Citibank actually held the banquet in its "own" hotel. Lin Zuhui couldn't help but sigh that others had their own way of doing things.
Lin Zuhui and Hengjin Investment President George attended a dinner hosted by Citibank.
When he arrived at the scene, Lin Zuhui couldn't help but be surprised. There were quite a few people invited.
John Reed came up to him immediately and said, "Mr. Lin, let me introduce him to you!"
Lin Zuhui nodded and followed John Reid to make his debut on Wall Street.
"This is Mr. Buffett of Berkshire Industries. He wants to get to know you very much and has taken the initiative to attend this banquet!"
Lin Zuhui thought to himself, it seems that he has exposed a lot of strength! However, he believes that Wall Street only knows that he has made a lot of money in foreign exchange and crude oil, but does not know the specific details. A rough estimate is that in the eyes of these people, he
It's like making 10 to 20 billion.
In fact, he has already earned almost 30 to 40 billion!
Buffett said happily: "Mr. Lin, your Hengjin Investment has already made a name for itself on Wall Street, but Wall Street has not been waiting for your arrival. Now you are finally here, and it is an investment that shocked Wall Street!"
John Reid's face turned green. How could Citibank be so unlucky? Citibank did seek investment from Buffett, but it turned out that no one else would invest in such a risky company. On the contrary, a Chinese and a Middle Easterner were both prepared to invest.
Lin Zuhui said politely: "Mr. Buffett, compared to your reputation as the American stock god, we are quite famous there!"
Buffett said highly: "You are the god of stocks! If I were called the 'Lin Zuhui of Xiangjiang' in Xiangjiang, I would feel honored!"
The two complimented each other and attracted the attention of people around them!
It is true that almost everyone on Wall Street is unaware of Lam Cho-fai's name, and he is more famous than the "Asian Stock God" of his predecessor, Lee Shau-kee.
However, Lin Zuhui's experience this time also made him understand that there is no airtight wall in the world, and it is not completely possible for him to hide his wealth if he wants to.
The family office will also reveal some of his strength one day, which is obviously not good for him.
In his mind, he thought about entering the banking industry. It seems that real families will control the bank. When he returns to Hong Kong, he will think about it carefully.
Then John Reed introduced another Middle Easterner and said: "Mr. Lin, this is Prince Walid from the Middle East. He is also interested in investing in Citibank!"
Lin Zuhui knows that Citibank will issue a lot of common stocks and preferred stocks in the past two years, and it is impossible to find him as the only investor. But it doesn't matter, if Citibank issues preferred stocks next year, he will subscribe again and strengthen investment.
"Mr. Lin, you and I have similar experiences. I think we should become good friends!" Walid said enthusiastically.
Lin Zuyao said with a smile: "I have also heard about you, Prince Walid. It is said that you bought a lot of real estate in Riyadh. I think your investment is very promising!"
Walid said happily: "I said, you must be my friend and agree with me! And you are more discerning than me. Regarding Citibank matters, I am not as quick to respond as you are, but I have already done it tonight."
I’ve decided to invest in Citibank with you!”
John Reed suddenly became happy. With the investment of two wealthy people from Hong Kong and the Middle East, Citibank would be able to regain some face. Those hateful Wall Street critics actually said that Citibank was going bankrupt. They were really short-sighted.