Lin Zuhui was sitting in the spacious office, in a very good mood, looking at the computer monitor not far away from time to time, and he showed a smile.
The Hang Seng Index hit 18,500 points, setting a record.
And Lin Zuhui’s companies have also created legends:
The market value of New Era Group is 1.055 billion, accounting for about 20% of the market value of the Hong Kong stock market (the total market value is about 5.5 trillion);
The market value of its subsidiary Xiangjiang Telecom is 415 billion, accounting for about 8% of the market value of Xiangjiang;
Wanhui Media has a market value of 180 billion, its subsidiary Sina has a market value of 110 billion, ATV Group has a market value of just over 50 billion, LEIT Group has a market value of 43 billion, Octopus Bank has a market value of 52 billion, Xiaomi Technology has a market value of 82 billion, and the six listed companies have a total market value of 517 billion.
The market value of the listed company in Xiangjiang controlled by Lin Zuhui is about 2 trillion, accounting for more than one-third of the total market value of the Xiangjiang stock market, which is a miracle.
In the morning, Liang Zhenxun was the first to come to Lin Zuhui's office.
"Boss, Microsoft's stock cash-out position was completed as scheduled, totaling 56 billion, and the profit was about 30 times." After saying that, Liang Zhenxun couldn't help being shocked, even though he had known the rate of return in advance.
“What is Microsoft’s current market value?”
"About 580 billion US dollars!"
Lin Zuhui nodded. Logically speaking, it should have exceeded 600 billion US dollars last year, or even higher. However, it is normal to cash out nearly 3% of the equity (Hengjin New Era), which is much lower than history.
However, in the past six months, Lin Zuhui and his affiliated companies have cashed out nearly 3% (less than 1% is still cashing out), which has indeed not aroused market vigilance. Of course, New Era Group is cashing out Microsoft stocks. This is not difficult to find out, and there is no plan to do so.
hide.
"How is the cash flow on the books?"
"Currently, the group's debt is only HK$50 billion, and the group's cash flow is HK$71.5 billion, including HK$11.8 billion in euro floating-rate notes."
Lin Zuhui showed a satisfied expression. The group's cash flow was so abundant that it naturally included the cash flow from the sale of the 'Orange Subsidiary' and floating-rate notes.
"What about the shareholding status?"
"Shareholdings: The market value of Vodafone's shares is HK$15 billion, Sony's market value is HK$33.5 billion, and Mannesmann's market value is HK$38 billion, totaling about HK$76.5 billion."
Lin Zuhui started thinking, and Liang Zhenxun waited quietly. He knew that the boss was thinking about the allocation of the group's funds.
"In this way, we will start cashing out Vodafone and Sony's stocks, and we plan to cash out all of them within three months."
"Okay, I'll arrange it right away!"
As for Mannesmann's stock, it is natural to wait until Vodafone annexes Mannesmann and converts it into new stocks before gradually cashing out; although it is expected to happen in February, and March is the peak of the Internet bubble; however, telecommunications
The industry does not belong to the Internet. Although it will fall, it will not fall quickly and there will be no time to cash out.
Lin Zuhui estimated that in the year 2000, New Era Group had booked a cash flow of about 170 billion yuan, plus this year's normal profit is expected to exceed 40 billion yuan, which is a cash flow of 210 billion yuan.
Of course, you have to think carefully about how to spend it and how much to spend this year.
afternoon.
Morris, the president of Times Shipping, came to Lin Zuhui’s office.
"BOSS, we already hold 12% of the equity of Norwegian Shipping Bengtsen Group from the secondary market, spending a total of 250 million US dollars. If we acquire another 44% of the equity from the two chairman of the board of directors of Bengtsen Group, we can do it in one fell swoop.
Reaching 56% shareholding.”
Upon hearing this, Lin Zuhui said seriously: "How much more capital do you think is needed to increase the shareholding to 56%?"
Morris said: "Shipping is no different than other industries and does not require a high premium. I think it is estimated that US$1 billion can convince the two companies to sell their shares."
Lin Zuhui said with a smile: "This is equivalent to using US$1.25 billion in funds to control more than US$10 billion in assets. It is a very cost-effective deal!"
Bengsen is the world's largest liquefied gas and natural gas transporter, with a total load capacity of 12.3 million tons. Its main business is located in the transportation of oil, liquefied gas, natural gas, ore, coal and other energy sources.
Bengsen Group owns 9 LNG ships, 71 LPG ships, as well as some oil tankers and bulk ships. It employs 3,500 people, has an annual turnover of 500 million US dollars, and a net profit of more than 40 million US dollars.
Why is it said that Bengtsen Group controls tens of billions of dollars in assets?
After all, the market value of Bengsen Group is only about US$2 billion!
The reason is that many ships are only management (controlling) and the owners are not the Bengtsen Group, just like the franchise system of hotel companies.
Another reason is that Bengtsen's debt is not low.
As for Xiangjiang's global shipping, although its total tonnage is only 9 million tons, it is the world's No. 1 oil shipping company. At the same time, most of other people's ships are their own assets and are relatively strong.
Of course, from these data, we can know that Bengsen Group, as a shipping giant with tens of billions of dollars in assets, has routes, business, technical and management talents, operation and management systems, etc., which are all needed by the shipping industry of the times.
Times Shipping is proficient in the container and bulk ship business, and now orders so many oil tankers, steamships, and ore ships. If it does not absorb established shipping companies like Bengsen Group, it may only be able to engage in ship leasing business in the future.
This is obviously not what Lin Zuhui wants to see.
Morris nodded and said seriously: "It starts and ends with controlling tens of billions of assets. We can achieve many goals through mergers and acquisitions:
First, obtain a monopoly position, achieve scale effects and competitive advantages;
Second, acquire technical and management talents to improve business operations;
Third, avoid taxes reasonably and increase profits;
Fourth, mergers and acquisitions can effectively curb the vicious price bargaining phenomenon caused by severe excess capacity on routes."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Lin Zuhui has also been learning shipping knowledge in recent years. He often consults senior shipping talents like Morris and is very interested in this knowledge.
"You are right! Through mergers and acquisitions, shipping returns can be increased. It seems that the era of large-scale mergers and acquisitions in the shipping industry is coming! Big fish eat small fish, and small fish eat shrimps. This is the law of survival. So, Morris,
Times Shipping should not stop and quickly become a maritime hegemon through mergers and acquisitions."
Bengsen Group and China Railway Group are just two big goals. Times Shipping also has some "small goals".
"Okay, boss!"
Morris was also sighing in his heart. This boss wants to be the strongest in the world in everything he does. No wonder he is rated as a dominator in various fields by European and American media and a businessman across the ages.
Is this risky?
The answer is yes!
If it had been someone else who had done this, Morris would have muttered in his heart, 'It's weird if we can't go bankrupt like this.' But for his boss, he knew that his boss was a businessman who was extremely keen on analyzing the situation; currently, what the boss revealed was,
Shipping will begin to explode in the next few years. What's more, Morris believes that even if it invests more than 15 billion US dollars in shipping, it will not be fatal to New Era Group.
After Morris left, Lin Zuhui began to think.
If the investment of Bengsen Group is included, New Era Group has invested nearly 10 billion US dollars in shipping; and this is not the end, and it will continue to invest in the future.
Overlord of the sea, just thinking about it is enough to give you a sense of accomplishment!
The King of Chartered Ships at that time had a huge influence in the world. Leaders of major countries such as Li Gen and Sacher were all his friends. This was something that Li Chaoren was far inferior to. If the King of Chartered Ships had not been diagnosed with cancer early, Bao
The family will also have good development in real estate. After all, from the chartering king's acquisition of Wharf, Land (unsuccessful), Standard Chartered (unsuccessful), and Wheelock, you know that he is actually an ambitious and courageous person.
Of course, although the Charter King is very influential, if compared with Lin Zuhui, even if moved to the same era, the Charter King is still far behind Lin Zuhui.
The reason why Lin Zuhui dared to invest heavily in shipping was simply because he knew about the shipping boom period from 2003 to 2008. Knowing this information was equivalent to him making money three times:
First money: After the Asian financial crisis, he started to hunt for bargains and made a lot of money, because whether he was building new ships, buying second-hand ships, or acquiring shipping companies, he saved a lot of money. For a simple example, if
The cost of buying new or used ships between 2003 and 2008 must have been huge.
The second money: In the five years from 2003 to 2008, freight rates and ship leasing fees skyrocketed, which brought huge profits. As far as Lin Zuhui knows, shipping stocks have always been feared by the financial world, but at that time
For several years, shipping stocks were among the most popular in the investment world.
The third money: Now that we know that shipping will plunge into a slump in the second half of 2008, Times Shipping may start to 'sell ships at high prices' in the first half of 2008, or even try to sell small quantities at the end of 2007.
.......
The next day.
Lin Zuhui came to Hengjin Investment and called Vice President Wu Guoming.
He first asked about Hengjin Investment's cash-out situation in the US stock market. Although Wu Guoming was specifically responsible for Asian affairs, he was the vice president of Hengjin Investment after all, and would also be the usual contact person between Lin Zuhui and George. After all, Lin Zuhui could not go there often.
U.S.
"The progress is very smooth, and it has not caused abnormal fluctuations in stock prices. According to the current situation, there will be no abnormalities in the remaining three months. After all, Internet-themed stocks have gone crazy now."
It’s not that there are no abnormalities, it’s just that no one cares. For example, Microsoft’s market capitalization was supposed to be 620 billion, but now it’s only 580 billion. This is actually a change. Of course, only Lin Zuhui knows this.
Lin Zuhui nodded, but this cash out was beyond his expectation because of the tax (15%) and the fact that the stock did not rise as high as expected; therefore, he originally thought it would be 320 billion, but it was expected to be only 260-280 billion.
This makes Lin Zuhui secretly heartbroken. No wonder many wealthy people feel sad about taxes and will find ways to avoid taxes.
Of course, Lin Zuhui cannot avoid taxes because he wants privacy and security.
"In this way, if you invest Hengjin's investment in Hong Kong stocks, you will also throw it away within three months!" Lin Zuhui continued.
This initial investment was 20 billion Hong Kong dollars, which was invested when attacking international speculators. Now it is nearly 40 billion Hong Kong dollars, an increase of nearly double.
In this case, it can be cashed out.
"Okay, I'll arrange it right away!"
Cashing out less than 40 billion in three months is not a big problem; however, as far as Lin Zuhui knows, the Hong Kong Monetary Authority seems to have been cashing out at the end of last year.
Therefore, the two companies are not so much rescuing the market as they are bargain hunting.
Of course, in order not to cause market turmoil, Lin Zuhui also asked his family to stay put.
Let’s see if there is still a chance to do T in the future. If there is no chance, it doesn’t matter. Just leave it to the end of 2007 to do T. In fact, the total market value of Hong Kong stocks is only 5.5 trillion, which is still too small for Lin Zuhui’s funds.
After Wu Guoming went to work, Lin Zuhui was still calculating the wealth he invested in Hengjin.
The cash out of US and Hong Kong stocks should be a full 300 billion, plus the holdings of Nike, Starbucks, and the US$9 billion injected into Barings Bank, the asset value is between 380 and 400 billion.
And the cash flow is 300 billion!
Last year, Lin Zuhui spent 30 billion Hong Kong dollars to buy gold. This year and next year, he will spend another 70 billion Hong Kong dollars to buy gold. He wants to purchase 100 billion Hong Kong dollars in spot gold, which will be stored in the underground vault of the Octopus Bank Building, which is about 1,100 to 1,200 tons.
This name is not Hengjin Investment, but Lin Zuhui’s personal investment.
How to spend the remaining 200 billion?
And how should we spend the 100 billion from Jingwei Capital?
Oracle will not spend much money to repurchase Microsoft in the future, and it should still hold some US stocks, but it is estimated to be only 100 billion.
I have no choice but to save it and look forward to a good project.