There was no financial problem with New Era Real Estate, and Lin Zuhui breathed a sigh of relief.
Total assets are 160 million, property assets are 152 million, book liquidity is 8 million, debts are 110 million, and shareholder funds are 6.5 million.
The current crises include: bank interest rates are too high, operating costs are in the red, creditors are facing the risk of applying for liquidation, several development sites are currently in "undoubted condition", banks are unwilling to lend, and the company's reputation is low...
To sum up: although real estate has improved in the fourth quarter of last year, it is not obvious; many people even feel that the current relocation of companies in Xiangjiang and serious capital embezzlement are not suitable for purchasing properties.
There was a 'Crown Land Auction' on April 18, and the Hong Kong government launched the 'Golden Bell Land King'. As far as Lin Zuhui knows, this is a clear signal that real estate is getting warmer. This is a trick commonly used by the Hong Kong government.
Before the rise, the Hong Kong government must put up a piece of land for auction to stimulate the local market.
New Era Real Estate is in urgent need of funds to repay loans from creditors and some banks and to relieve the crisis of being liquidated. At the same time, the interest generated will also be reduced accordingly.
No press conference was held when the equity transfer agreement was signed with Huang Qianheng, and no one even within New Era Real Estate knew about it.
This was specially requested by Lin Zuhui. He needed to wait for an opportunity!
At present, the total share capital of New Era Real Estate is 200 million shares, and Lin Zuhui holds 80 million shares, accounting for 40% of the shares. In order to control New Era Real Estate, Lin Zuhui plans to recruit Wang Qilin as a director in the future, and then poach Gao Yi as his assistant.
Gao Yi was the former general manager of Paramount, and later worked as an assistant to the general manager of Gaosheng Real Estate. Although Wang Qilin did not exclude him, he was not Wang Qilin's direct descendant after all, so he was not considered the core management of Gaosheng Real Estate.
But Gao Yi and Lin Zuhui have always been in contact. It was Lin Zuhui who introduced him to Gaosheng Real Estate, otherwise he would have been unemployed. Lin Zuhui likes Gao Yi for one thing, that is, he has a very professional ethics, and he is loyal to the boss who serves him.
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...
On March 29th, Friday, "GOOD" magazine was officially launched, attracting the attention of the industry.
“The Anglican Jixiao Middle School, Wellington English Middle School, Jiangsu and Zhejiang Public School, the school beauties came out first!”
"Comes with Three Lonely Hearts - Participation Form"
"GOOD" magazine did not choose to advertise in newspapers and TV stations, but directly hired a large number of student temporary workers to carry out flyers, posters and other publicity directly on campus.
At some newsstands near campuses, there are also staff from Wanhui Publishing House supervising the work on site.
The first issue of "GOOD" printed 50,000 copies at 11 yuan each. After all, students didn't have much money, and as far as Lin Zuhui knew, the magazine's peak sales in its previous life were only 100,000 copies, so it was better to be conservative.
Three days later, the phone at Wanhui Publishing House kept ringing. The GOOD magazine outside was selling like crazy!
Advertisers called me one after another to discuss advertising space.
At the same time, Wanhui Publishing House decided to print an additional 20,000 copies to prepare for emergencies.
As the boss of "FHM" and "GOOD" magazines, he was dubbed a "publishing tycoon" by the media, and he was in the limelight for a while.
20 years old!
Two best-selling magazines in hand!
Annual profit is about 20 million!
Starting from scratch!
The media dug up all the information about Lin Zuhui one after another. For a time, Lin Zuhui's background was dug up by everyone.
The partner of Great Wisdom Investment, the strategist who assisted Gaosheng Real Estate to go public!
The backer is actually billionaire Wang Qilin!
The media reported crazy about Lin Zuhui. Except that he didn't have a photo, everything else was "clean".
Moreover, the citizens of Xiangjiang love to watch this kind of "history of the fortunes of tycoons". Lin Zuhui's fame has become as famous as that of the heads of the four major families in a short time. The main reason is that he is too young and he started from scratch, which gives many people the illusion of
space.
Public opinion was so fierce that Lin Zuhui had no power to resist and could only let the media fabricate it.
...
Early April.
Lin Zuhui's fame briefly rivaled that of the heads of the four major families. He immediately made a decision and announced that he would take over New Era Real Estate.
For a time, the media came out again!
“The 20-year-old chairman of a listed company is surprisingly discovered!”
"Young people don't know how high the sky is, but tens of millions are wasted!"
"The illegitimate son Lin Zuhui spends a lot of money and wants to be the chairman of a listed company!"
"The illegitimate son of the Lin Baixing family wants to become the chairman of a listed company and take revenge on the Lin family!"
All kinds of public opinions came overwhelmingly, pushing Lin Zuhui into the limelight.
Of course, many media also gave high praise:
"Publishing tycoon wants to be a real estate tycoon!"
"The miracle of starting from scratch, holding two best-selling magazines and controlling a listed real estate company with assets of over 100 million."
...
On the board of directors of New Era Real Estate, Huang Qianheng still sits in the position of chairman. This is the respect given to him by Lin Zuhui.
Of course, it’s just this one time and it won’t happen next time.
Huang Qianheng said: "Dear directors, you must also know that the person next to me is the new major shareholder of New Era Real Estate. The company's current problems are very serious, and turning losses into profits is a top priority. I admit that I am incompetent and lack confidence, so I
We hope to introduce new capital to try to save New Era Real Estate."
As soon as he finished speaking, all the directors showed angry and sad expressions. They looked at the young Lin Zuhui. Even though the rumors outside were very fierce, they still could not believe that a 20-year-old young man could become the chairman of a listed company and lead
A real estate company with assets worth hundreds of millions came out of trouble.
Without waiting for the directors to attack, Lin Zuhui said directly: "There is no situation worse than the current New Era Real Estate! It can be said bluntly that I was originally in the shell business. I originally planned to sell the assets of this company
After a series of operations such as restructuring, buying shells, raising shells, and selling shells, I can earn at least 50 million. But in this case, the value of the shares in the hands of directors and shareholders is hard to say!"
One director said angrily: "Our company is a pure real estate company, which is different from your operation of Paramount!"
"In fact, it is easier to operate. There is no need to divest assets, just sell the assets directly and repay the bank interest. In the end, only a few high-quality properties are left to support the status of the listed company, and then slowly find new buyers."
Lin Zuhui's words are irrefutable. He is now the major shareholder, with 40% of his shares. They are just small shareholders who are at the mercy of others.
A director asked: "What does the chairman mean now?"
Subdued!
Lin Zuhui did not show off, but said: "I have been preparing the company's asset reorganization plan. The general plan is: reduce the original face value of the shares from 1 yuan to 0.5 yuan to offset the losses; and then inject new funds in exchange for the issuance of stock options.
Certificates, debts paid...pay the bills and count, the new capital will use 40 million real money to inject into New Era Real Estate."
Lin Zuhui's words immediately shocked everyone. This asset restructuring plan is simply too beneficial to New Era Real Estate!
Although everyone's shares will be diluted, at least the company's assets have increased and the company can survive; in summary, New Era Real Estate needs a sum of 40 million to save it.
Soon, everyone no longer cared about Lin Zuhui, and elected Lin Zuhui as chairman and general manager at the meeting.
Lin Zuhui also suggested that Gao Yi serve as assistant to the general manager, and everyone successfully accepted the offer.
Since then, Lin Zuhui has barely managed to take control of New Era Real Estate, a company on the verge of liquidation, but the subsequent asset reorganization is not that simple. Fortunately, Lin Zuhui has a team he trusts - Great Wisdom, and Wang Qilin is his backing