The media in Xiangjiang have reported on the progress of the "State Commercial Bank Incident" and given a lot of praise and hope. Everyone agreed that the China Commercial Bank incident, with the cooperation of the three parties, is expected to have a successful outcome.
Mr. Lin Zuhui took the initiative to stand up and pull China Commercial Bank, which was on the precipice, back to safety;
The Hong Kong government has also played an active role and promised that if Mr. Lin Zuhui handles China Commercial Bank well, it will have the first right to purchase overseas trust banks (the price is privately agreed);
The depositors of China Commercial Bank have signed a "no-run" pledge and cooperated with Mr. Lin Zuhui to take over China Commercial Bank.
For a time, all three parties received high praise from the society!
This is something that the Hong Kong government never thought of!
Originally, in this incident, the Hong Kong government received a lot of criticism; it was even blamed for the "daily reform" because in the first half of this year, the Hong Kong government first collected 200% of the tobacco tax and then quickly changed it.
The Hong Kong government has repeatedly imposed 100% tobacco tax, repeated government orders on taxi fuel charges, and raised and then cut interest rates by the Bankers Association, creating criticism.
Now the public opinion has suddenly changed, and the Hong Kong government has suddenly received favorable comments, which is something that even the Hong Kong government officials did not expect. However, some people also understand that Lin Zuhui may not have had no influence behind this. Although Hong Kong flaunts press freedom, Lin Zuhui's influence on public opinion
It's impossible not to.
The China Commercial Bank incident is proceeding in an orderly manner. Lin Zuhui's advisory team is helping him deal with it, mainly reviewing the debts, assets, deposits and other detailed information of China Commercial Bank. It has not yet formally signed a contract with the Hong Kong government, and the two parties have agreed to do so in mid-June.
Sign a formal contract.
Once the contract is signed, the 32 branches of China Commercial Bank will be open for business immediately. The original staff of China Commercial Bank will also return to their posts. As for the senior management, most of them will be replaced by Lin Zuhui's team.
........
Monday, May 13th.
Lin Zuhui came to the Huazhi Center and received admiring looks from the staff along the way. Recently, the boss is the most influential person in Hong Kong. Taking over the China Commercial Bank requires an capital injection of 5 billion in cash, and New Era Group has a rights issue of 3 billion (need to pay nearly 1.5 billion).
), their boss wants to spend 6.5 billion in cash. The wealth is so strong that Hong Kong people are stunned.
Although other wealthy people, including Li Chaoren, have invested in large projects worth billions or tens of billions, they are investments after all and are supported by bank loans.
As for Lin Zuhui's investment this time, there will be almost no banks to lend money, because they have ushered in a strong opponent; a business tycoon who has never failed, a self-made richest man in China who is full of legendary experiences.
"Hi boss!"
"good!"
Lin Zuhui was in a good mood and responded.
In April and early May, New Era Group did not stop. First, it issued bonds to obtain 2 billion in funds, and then raised rights issues to obtain 3 billion in funds, causing the funds on the account to skyrocket.
Of course, because of the rights issue of nearly 1.5 billion, his funds have been reduced a lot; this is equivalent to more than 700 million in dividends this year, doubled and returned to New Era Group.
He can choose not to contribute, but the stock will be diluted; the same is true for shareholders, who can give up the opportunity to new investors.
When he came to his office, Lin Zuhui suddenly had a feeling: next year New Era Group will move to the Central Plaza, and his office will be on the top floor of the tallest building in Asia. It is only an office of 1,000 square feet, but there is
Issuing orders to the world, having hundreds of thousands of employees and managing assets worth trillions, how heroic!
As a true man, this is how it should be!
Withdrawing his speculative thoughts, Lin Zuhui read the newspaper seriously. Recently, he has been taking advantage of his media to build momentum. He wants to use the celebrity effect to advertise for his bank.
This is why rich people generally keep their wealth secret, but Lin Zuhui took the initiative to say that he would inject 5 billion to save China Commercial Bank.
The 5 billion yuan in funds is enough. The 4.6 billion deposits will not be withdrawn immediately. The Hong Kong government's 2 billion debts can be repaid in installments, and the total overseas debts of 1.8 billion can also be paid in batches according to the deadlines.
After taking over the bank, it will actively pursue those debts and strive to minimize bad debts. It will also have to vigorously absorb deposits, reshape its image, improve services and hardware facilities... In short, since the Hong Kong government decided to convert overseas trust banks
By selling it to himself for HK$2.5 billion, he felt that he had not lost any money at all. It was equivalent to saving him HK$2 billion, and he also had the right to acquire it first.
You know, in the previous life, Chinese Bank originally planned to acquire China Commercial Bank, but was frightened by the 2 billion overseas unrecorded debt. Now that the 2 billion gap has been filled, Lin Zuhui certainly felt that he got a bargain, because he originally
He is just a banking novice. According to normal channels, he has almost no ability to use his banking strength to become one of the top five banks in Hong Kong.
Speaking of which, it is because he has a deep relationship with the Hong Kong government. Zhuo Shengcai from the Banking Regulatory Office seems to remember him as a veteran customer of "Hengjin No. 1"; and this agreement needs to be voted on by the Legislative Council. After all,
There is a suspicion of reselling "Haito Bank" at a low price, so the Legislative Council can pass the test because of Lin Zuhui's deep connections.
After reading the newspaper for a while, Lin Zuhui was interrupted by a knock on the door and put the newspaper aside. He could only read the newspaper in his free time, and mainly focused on his work.
"Boss, the preliminary plan for the Tsuen Wan Plaza project is ready. I'll give it to you for review!" Chen Bin held a lot of drawings and plans in his hand and put them on Lin Zuhui's desk.
Lin Zuhui stood up, placed the information on his spacious desk, and said with a smile: "There are so many, I have to work overtime in the past two or three days to read them!"
Chen Bin secretly sighed. It took him a week to read so much information, but his boss only needed two days. He didn't think he could read it more carefully than his boss, because the boss was very efficient and almost all of them were read carefully.
Speaking of which, the boss is still his 'apprentice'. He often asked me for advice on the knowledge in the field of construction, and he had already mastered it very early. He was no better than himself, a top architectural student from a major in the world and a world-famous school.
Weak in strength.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Thanks for your hard work, boss!"
"What's the trouble? Now I'm just being careless and reading them all. The main thing is that having management like you makes me feel at ease. Now I just look at the drawings of these large projects, which saves a lot of trouble!"
"The boss gives us high wages, so we should do our best!"
After Chen Bin left, Lin Zuhui looked through the plans for Tsuen Wan Plaza. Just looking at the renderings made people excited.
6,000 residential units totaling 4.8 million square feet of floor area;
Two large shopping malls and two small shopping malls (in the community), with a total shopping mall area of 1.2 million square feet;
Two commercial complex buildings (including hotels and office buildings) with a total office area of 1.8 million square feet.
This project consists of two 'large housing estates' - Love at the Sea and Tsuen City Plaza, two large shopping malls - Tsuen Sun Place and Tsuen Wan Plaza, and two super buildings - 88 storeys high and 42 storeys high. It is composed of two small shopping malls in the community.
The total investment is expected to be HK$10 billion!
Currently, Citywalk has been under construction for more than a year and is expected to be open for business in mid-1992. Citywalk is a four-story large building with a total rental area of 580,000 square feet. Citywalk and Sea of Love are The land is the reclaimed land of the old Tsuen Wan Pier, so it is adjacent to the sea, the scenery is very good, and there is a yacht landing pier and a ferry landing pier.
With the exception of City Hall, the other projects are divided into five years of construction and are expected to be completed in seven years.
........
In the afternoon, Lin Zuhui took Gao Yi to Standard Chartered Bank to discuss the acquisition of Standard Chartered Bank Building (Central).
This building was just completed last year, with a total height of 42 floors and a floor area of 256,500 square feet, including 43,200 square feet of shopping mall and 213,300 square feet of office space.
The commercial building is a first-class commercial building, and the location is great. It is right next to the HSBC Bank, looking north to the Prince's Building, and also diagonally behind the No. 9 Queen's Road Central building. It only occupies a small area.
The Standard Chartered Bank Building was designed by P&T architect Remo Riva. He had just completed the design project of Exchange Square and decided to apply the concept of "architecture as sculpture" to this project. Standard Chartered Bank Building This architectural work of art imitates the kitsch theme of the American public bank lobby in the 1930s, using stained glass windows and octagonal copper decorations. There is a 55-foot-high foyer underground with a granite and mica stone The completed entrance corridor. Starting from the 17th floor, the Standard Chartered Bank Building reduces the floor area inward every 6 floors, creating an aura that points directly to the clouds. The exterior walls of the building are made of pink and gray-brown granite. The designer used The waxy pink color scheme (but the glass windows are made in the original American style) is to create an extreme contrast with the two modern buildings on the east and west, creating space and thinking.
Chater Bank has not been doing well in recent years, its finances are not good, and it has just experienced a run-on crisis. Lin Zuhui made tentative contact with it.
He knew that Standard Chartered Bank could not directly sell Standard Chartered Bank, after all, this was its headquarters building; but Standard Chartered Bank needed funds and was not good at managing office buildings and shopping malls, so he proposed a slightly more complicated cooperation model.
Chinese Land paid 1.2 billion Hong Kong dollars in cash to Standard Chartered Bank and promised that the total net rental profit will reach 2 billion in the next 20 years. Chinese Land therefore obtained the right to control all the leased areas except the two-story office, which means that Standard Chartered Bank only
Retain the lease rights of the two-story office building (for your own use, and then give it to Chinese Real Estate for control after 20 years) and the naming rights of the building.
Of course, the property rights need to be distributed. Chinese Real Estate holds 50% of the rights and Standard Chartered Bank holds 50% of the rights, which means sharing the net profit from the rent (the rent of the two-story building is not included in the first 20 years).
The current value of Standard Chartered Bank is in the range of 2 billion to 2.5 billion (building prices are not uniform). Chinese Real Estate spent 1.2 billion in cash to purchase 50% of its equity and more than 90% of the control rights (the two-story Standard Chartered Bank building will not have to rent for 20 years)
), it is still very worthwhile.
Standard Chartered Bank can receive HK$1.2 billion in cash, a 20-year rent stabilization guarantee, and no need to manage the building.
Especially now that Standard Chartered Bank is having some problems, and there are times when the bank is out of money.
When they arrived at the conference room at the headquarters of Standard Chartered Bank, both parties sat down.
Standard Chartered Bank's Chief Executive Officer Riens congratulated Lin Zuhui and said: "Congratulations to Mr. Lin for expanding his career into a new field. We will be peers from now on!"
Lin Zuhui said humbly: "Mr. Lions deserves the award. Compared with Standard Chartered, I still have a long way to go and learn! In the field of banking, there are countless Chinese-owned banks that have fallen. I am also walking on thin ice!"
Lains said: "Others can't do well in banks, but Mr. Lin must do well in banks because you have a very good long-term vision!"
"Thank you for the compliment!"
After some humility, everyone had a final discussion with each other on the cooperation in the Standard Chartered Bank Building.
Originally, Standard Chartered Bank wanted to retain the control rights and interests of the entire shopping mall and two-story office building, and then hand it over to Chinese buyers twenty years later, at a price of only HK$800 million.
However, Lin Zuhui attaches great importance to the shopping mall network, so he increased the price to HK$1.2 billion to gain control of the shopping mall.
At present, Chinese Real Estate has put a lot of effort into the management of its shopping mall network and hired top international talents. You must know that managing a shopping mall network is not just as simple as collecting rent, but also requires a layout vision for the retail industry.
Otherwise, without big names entering the mall, the quality of the mall will decline.
Lins said: "Mr. Lin seems to be very optimistic about the prospects of office buildings and shopping malls, and you should know that these two properties have not skyrocketed along with residential buildings this year."
Lin Zuhui said with a smile: "Learns will understand the reason why these two properties are sluggish. Therefore, I am just optimistic that the mainland will open up. Sooner or later, European and American capital will return to Hong Kong and the mainland, so there are still prospects!"
Seeing Lin Zuhui's frankness, Lains did not change his mind. Instead, he expressed a favorable impression of Lin Zuhui's analysis.
In fact, the transaction between Standard Chartered and Hang Lung in the previous life was after the reform in 1992, when Hong Kong's office buildings and shopping malls began to gain momentum.
However, Joey Lam likes to be the first to avoid a bidding war, where the price may be outrageous.
This time when we cooperate with Standard Chartered Bank, the premium is 10% to 20%. After all, who will cooperate with you at a fair price? Unless you encounter someone who actively sells the property, you can still make a counter-offer.
On the same day, the two parties reached a cooperation agreement to increase the rental properties of Chinese Real Estate by an additional 25.65 square feet (half equity).