On Monday morning, Lin Zuhui's office welcomed a guest, He Tian, whom he met during the previous acquisition of Hengchang Enterprises.
When Lin Zuhui acquired Hengchang Enterprises, he had great goodwill. He never pushed anyone too hard from beginning to end, and the premium was very high. It was considered a good-faith acquisition. As for the subsequent rectification, Lin Zuhui also personally visited the three elders of Hengsheng to explain the reasons.
It is said that it was done with full etiquette.
Lin Zuhui drank tea with He Tian, who was in his eighties, and said unhurriedly: "Mr. He, you don't go to the Three Treasures Hall for anything!"
He Tian put down the tea cup and said with a smile: "Guess what Lin Sheng has to do with me?"
He knew Lin Zuhui's ability. When he acquired Hengchang Enterprises, although it was a good-faith acquisition, he could not match Lin Zuhui's accurate grasp of the general trend at that time.
The three elders of Hengchang all thought that the "oil crisis" was going to break out, which would affect car sales. In addition, trade in the mainland was not easy to do at that time.
Who would have known that less than two years later, the situation has changed drastically; not only the automobile, grain and oil trade, etc. have flourished, but even properties have appreciated to varying degrees.
Of course, this was obtained by others through their real skills, and no one regretted it!
Lin Zuhui thought for a moment and then said tentatively: "What about the Miramar Hotel?"
Although the Miramar Hotel is owned by the Yang Zhiyun family, after Yang Zhiyun's death, He Tian became the chairman of the board of directors.
However, He Tian, He Shanheng and others only hold a small number of shares, and the Yang Zhiyun family should hold about 34%.
He Tian said in surprise: "Lin Sheng is indeed the fastest-rising rich man. His ability to detect people is extraordinary!"
Lin Zuhui quickly became humble, and then said: "If it is really about the Miramar Group, as far as I know the major shareholder, the Yang family, holds about 34% of the shares, I'm afraid I won't be able to be that evil person and seize other people's property!"
New Era Group has not had hostile takeovers since the 1990s. After all, Lin Zuhui also needs reputation. He needs to grow at the beginning, so it is inevitable to use acquisitions to achieve rapid development and growth.
Nowadays, Lin Zuhui is the "Chinese President" of Hong Kong, and there is absolutely no need to maliciously acquire the Miramar Hotel.
He Tian was a little surprised, but soon felt relieved. It had indeed been a long time since anyone had made a hostile takeover.
"Although, I come to you on behalf of several small shareholders. However, the Yang family is not united. Except for the eldest brother Yang Bingzheng who hopes to stay at the Miramar Hotel, the other brothers all advocate selling their shares and immigrating.
U.S."
Yang Zhiyun has a total of five sons, including Yang Bingzheng, Yang Bingxian, Yang Bingjian, Yang Binggang and Yang Bingliang. After Yang Zhiyun's death, the eldest son managed the Miramar Hotel, and the other four brothers all developed their own careers.
Through the Yang Zhiyun family and the Guo Desheng family, Lin Zuhui understood that he must not let several brothers participate in the company's management together, otherwise sooner or later, people would take advantage of them.
Of course, this is also because Yang Zhiyun's family is not rich enough, so the descendants hope to sell off their property to obtain a better life.
As for the civil strife in the Guo Desheng family, they did not give up the family business.
Lin Zuhui pondered for a moment and said: "If this is the case, I will consider it! In short, if I really intend to acquire it, I will definitely have the greatest goodwill!"
He Tian heard this and said, "Then just wait for Lin Sheng's good news!"
Lin Zuhui smiled and nodded, then sent He Tian off.
After He Tian left, Lin Zuhui began to think deeply. He had not thought of acquiring the Miramar Hotel at all. But now, he was thinking seriously about it.
Miramar Hotel is one of the three blue-chip companies in Xiangjiang, and its properties are very rich.
The properties under his name are mainly the Miramar Hotel on Nathan Road, which is used for business operations, and the Miramar Plaza on Kimberley Road, which is used for rent collection. These two prime pieces of land, the former has 36,000 square feet, and the latter covers an area of 8.6
Ten thousand square feet; it can be said that the total floor area is approximately 1.6 million square feet.
In addition, we have the joint business rights and management rights of Nanhai Hotel in Shekou, Knutsford Terrace and Tsui Heng Tun Restaurant in Hong Kong.
The rental properties on Nathan Road in Tsim Sha Tsui alone may be worth 15 billion in more than a year (ideal conditions).
Today, Miramar Hotel's share price is 12.5 yuan per share (500 million shares), and the warrants are 6 yuan per share (120 million shares).
If it is acquired in good faith and at a premium of more than 30%, the temptation is still very high (usually at this level).
However, Lin Zuhui himself has no relationship with Yang Bingzheng, and the Yang Zhiyun family has a very good relationship with Li Shauji and Zheng Yutong. If Yang Zhiyun seeks them as helpers, Lin Zuhui's acquisition will only fail. He will not be unhappy because of such a thing.
Moreover, even if Yang Zhiyun resists, Lin Zuhui will not make a hostile takeover. He cares about his reputation in Hong Kong.
There are no fathers and sons in the shopping mall, and naturally there are no friends! In his previous life, after Li Chaoren proposed to acquire the Miramar Hotel, Lee Shau-kee still chose to join. That was because Yang Bingzheng took the initiative to find Lee Shau-kee and had righteousness first; while Lee Shau-kee was thinking of the favor of his friend Yang Zhiyun, and then
Coupled with the considerable assets of Miramar Hotel, it was natural that it subsequently joined the competition.
Lin Zuhui began to analyze his own advantages:
First of all, if the purchase price is 17 Hong Kong dollars, it is equivalent to a premium of 36%, which can be said to be full of goodwill. At this price, there will be almost no opponents, and the current funds of Lee Shau Kee and others are not enough to join the bidding. And with Li Chaoren's nature,
Wouldn't give this price.
Secondly, since Yang Bingzheng still wants to keep his ancestral business, let him continue to manage it. There is no need to drive others away. He will be the general manager and he will be the chairman of the board of directors, so we can cooperate and discuss.
Lam Cho-fai's acquisition of Miramar Hotel aims to enter the mainland's mid-range hotels (three- and four-star) hotels (with quick payback, as fast as five or six years), as well as high-quality properties in Tsim Sha Tsui Miramar Hotel and Miramar Plaza.
Yang Zhiyun's lifespan is not long. Once he dies, just let one of his people take the post of general manager.
Thinking of this, he decided to give it a try! But he would not insist on buying it. The price of 17 yuan was the highest. After all, this price would be almost a year later.
He came to Liang Zhenxun and asked: "How did the Microsoft stock acquisition go?"
Liang Zhenxun replied seriously: "I pay attention every day. I have purchased a little more than 0.5% so far, and I can buy it all this month!"
Investments in U.S. real estate and securities are all completed through the subsidiary company Fuli Real Estate, which has been operating U.S. real estate and investments for more than ten years.
Lin Zuhui nodded with satisfaction and said: "Well, it's a long-term investment, so don't cause too much noise... Where is the capital situation in the account?"
Although you need to pay 2 billion Hong Kong dollars to buy Microsoft shares, after all, two buildings have just been sold to Swire Properties, which raised 1.6 billion in funds.
Liang Zhenxun said: "The working capital of 11.5 billion is very sufficient. Even if 3 billion is reserved for start-up funds for mainland projects, it is still very sufficient!"
Property interests are rolling in, making New Era Group's cash flow unrivaled.
Hengchang Holdings' current profit can reach more than 1.8 billion per year, which is also very impressive.
Lin Zuhui said: "I plan to acquire the Miramar Hotel, which will require about 3 billion in funds. Please prepare!"
Liang Zhenxun's face showed a hint of joy, the Miramar Hotel is a high-quality asset!
"Okay, I'll get ready right away!"
........
It was 'suddenly' revealed in the market that New Era Group intended to acquire the Miramar Hotel, and all parties immediately paid attention. The media even revealed that it was the director of the Miramar Hotel who invited Lin Zuhui to purchase the Miramar Hotel.
The Miramar Hotel can be said to be the ancestral business of the Yang family, but its founders were a group of foreign priests. In the early 1950s, there was a small church hotel in Tsim Sha Tsui, Kowloon, which was dedicated to housing expelled clergy from mainland churches.
In 1957, Yang Zhiyun, a businessman from Zhongshan, purchased this small hotel by chance. After several expansions, by the 1970s, Miramar had become a first-class hotel with more than a thousand guest rooms.
In the early 1980s, Carnegie and Land jointly purchased a wing of Miramar (86,000 square feet) at a price of NT$2.8 billion, which caused a sensation in Hong Kong. Later, Carnegie went bankrupt and Land was heavily in debt, resulting in the transaction not being completed. The two parties went to court, which once again caused a stir in Hong Kong.
port.
In 1985, Yang Zhiyun passed away, and his son inherited his father's business. Miramar was still prosperous. By 1989, Hong Kong's tourism industry was in an unprecedented depression, and the occupancy rate had not exceeded 50% by 1991. The Yang brothers were criticized by shareholders, and the group
Veteran He Tian serves as chairman of Miramar Group.
In March 1992, Hong Kong's tourism industry was booming. However, the conflicts among the major shareholders did not disappear. Moreover, the Yang brothers were not as united as a copper plate. The eldest brother Yang Bingzheng was determined not to give up the ancestral business, while his younger brother Yang
Liang advocated turning to the United States for development. This was a God-given opportunity for the "invasion" of foreign powers.
The most powerful foreign power is Hong Kong's richest man, Lam Cho-fai. With the financial resources of the New Era Group, he is trying to capture Miramar, just like trying to catch a turtle in a urn.
A financial commentator said: "No one can compete with Hong Kong!"
In the market, people are saying: "Miramar is doomed."
New Era Group acted quickly. Because they were worried that Yang Bingzheng would go to Lee Shau Kee for help, Liang Botao, the financial consultant representing New Era Group, quickly called Yang Bingzheng and Mrs. Yang (Yang Zhiyun’s wife)
During the phone call, Liang Botao stated three acquisition conditions:
First, the common stock is 17 yuan per share (a premium of 36%), such as stock certificates, 8.5 yuan, non-comprehensive acquisition, and the target is 34.5%.
Second, after the acquisition, Yang Bingzheng was still recognized as the general manager and managed the business of Miramar Hotel.
Third, Miramar Hotel will not tear it apart. Instead, New Era Group will support the development of Miramar Hotel in the mainland and establish a large hotel brand.
........
Miramar Hotel.
Mrs. Yang summoned the five brothers Yang Bingzheng, Yang Bingliang, Yang Bingxian, Yang Bingjian and Yang Binggang to discuss.
After Mrs. Yang told the conditions of New Era Group, the four brothers Yang Bingliang, Yang Bingxian, Yang Bingjian and Yang Binggang all had happy faces.
Yang Bingliang, the second eldest brother, said directly: "The conditions are very favorable, and the price premium is more than 30%. You are worthy of being the richest man in China, and you are not sloppy at all in doing things. Others also let you, the boss, continue to be the general manager, which is full of goodwill. And the Miramar Hotel has caught up with the New Era Group
, long-term development is also very beneficial, you can know it just by looking at big hotels.”
Yang Bingliang has been managing the Yang family's real estate companies in the United States in San Francisco and New York since the mid-1980s. He is the backbone of the Yang family's capital relocation group who advocates the sale of Miramar.
This person is still a romantic type. He has been in love with supermodels Zhang Tianai, Zhen Ni, and Ye Qianwen. Now he is still unmarried at the age of 35. He can be described as a complete love prodigal, but he is not a playboy, because they are all normal relationships.
The other brothers all agreed, but Yang Bingzheng said: "I also want each brother to use the money to develop his own business. I don't want to alienate our brothers' feelings because of the drag on our ancestral business. But if we want to sell, my fourth uncle may be a better choice."
, after all, we are not familiar with Lin Zuhui, so we may not be assured of cooperation."
Yang Bingliang said: "Although it is good to cooperate with my fourth uncle, he may not be willing to pay such a premium for acquisitions. As for the cooperation, others even cooperate well with the Kadoorie family, so what should we worry about? The most important thing is,
As for the future development of Miramar, I am still more optimistic about the enterprising New Era Group."
The other brothers only want to sell assets, and they don’t care who the target is, so they also think New Era Group is more suitable!
Only Mrs. Yang cared about friendship and agreed with her eldest son's words.
"The shares to be sold by the Yang family should go to the highest bidder, but our situation is quite special, because the fourth brother and my late husband are good friends, and my late husband has been a director of Henderson Land Development during his lifetime. With this connection,
, even if the purchase price is the same, I will sell it to the fourth brother without any consideration."
"Boss, go ask your fourth uncle for his opinion. If he has the same conditions, we will consider him. Even if it is 16.8 Hong Kong dollars, if he is interested, we will consider him. However, in order to avoid offending others, we will negotiate with fourth brother