Chapter 724 [Jumping out of the circle of Hong Kong Island]
In Hong Kong in March, two pieces of news had the greatest impact:
First, New Era Group released its annual performance report and announced a dividend plan. New Era Group obtained a net profit of 165 billion in 1999, an increase of 120% from 1998; at the same time, New Era Group announced a dividend of HK$2.05 per share.
, involving funds of HK$16.8 billion'.
Second, Wanhui Media Group and ATV Group, two large listed companies, officially merged. The merged company was renamed "Media Group" with a total market value of more than 250 billion.
The two pieces of news not only set off a wave of public opinion in Hong Kong, but also were reported and reprinted by overseas media.
Especially when the citizens of Xiangjiang discuss these, they become even more intense:
"Oh my god, with a profit of 165 billion a year, Mr. Lin Zuhui really knows how to help shareholders make money."
"Who says otherwise? In the past three years, New Era Group has become one of the most profitable companies in the world. I have to say that Mr. Lin Zuhui is the stock god."
"New Era Group's normal net profit is only about 40 billion, and almost all the rest of the net profit comes from securities investment and asset cashing."
"In fact, New Era Group has always been stingy in paying dividends. The reason why it is so popular among investors is that its stock price has been rising. If you invested in New Era Group 15 years ago, the appreciation now would be thousands of times.
response rate."
Hong Kong citizens generally believe that it is an honor for everyone in Hong Kong to have New Era Group, Media Group, Octopus Financial Group, LEIT Group, and Xiaomi Technology.
For a time, Lin Zuhui's status was naturally consolidated again, and no one could shake it.
...
End of March.
New Era Group Headquarters.
Lin Zuhui is leisurely in the office. He now feels more and more like the company's 'mascot' and 'spiritual pillar'. Even if he does nothing and just sits in the office, his companies can still flourish.
Take New Era Group as an example.
In terms of funding: New Era Group has a cash flow of about HK$150 billion on its books. At the same time, it also holds shares of Vodafone (after the merger with Mannesmann) worth about 50 billion (which are being cashed out). It is expected that there will be about 400 billion Hong Kong dollars this year.
In other words, in the remaining nine months, New Era Group’s cash flow will be 240 billion and its debt will be 50 billion. Of course, New Era will continue to increase investment in the future and invest as much as possible
asset.
In terms of assets: shipping and real estate will explode in 2003, the hotel industry has a long-term stable income of more than 6%, the telecommunications industry also has good development opportunities, and beverages and food have ushered in long-term high growth...
It's like Lin Zuhui has wound up the New Era Group, and then he can let go and move forward on his own.
Of course, without Lin Zuhui, these companies may not have been able to escape the 2008 financial crisis. Although the impact will not be huge (the debt ratio is low), they will suffer a lot of losses, such as ship weight reduction, real estate cash out, etc.
at the same time.
Lin Zuhui also felt some pressure, that is, there was too much money and it was difficult to find suitable investment projects.
Let’s not mention the companies he owns, let’s talk about his personal funds.
Currently, he has 350 billion Hong Kong dollars in funds, and this is after he spent 50 billion to purchase gold spot.
He will spend another 50 billion in funds to continue buying spot gold;
The 100 billion remaining in the United States will also be used to buy back Microsoft, Oracle, and some high-quality stocks around 2002.
There is still 200 billion Hong Kong dollars left, and there is absolutely no place to invest. It can only be deposited in accounts in Hong Kong and Switzerland.
after.
Lin Zuhui arranged it like this:
Hengjin Investment specializes in investing in U.S. information technology stocks, such as Internet and technology stocks such as Microsoft, Oracle, Nvidia, Qualcomm, etc. The shareholding of each stock is controlled at 2%, and it is done offshore and decentralized. This is what Lin Zuhui hides
of wealth.
Family offices specialize in investing in traditional U.S. stocks and Hong Kong blue-chip stocks, such as United Health, Johnson & Johnson, Walmart, Procter & Gamble, Coca-Cola, etc. The holdings of these U.S. stocks will not exceed 3%; because there are large dividends every year, there is no need to worry about operations.
funds, and welfare expenditures for family members.
Jingwei Capital, a venture capital company, currently holds stocks such as Apple, Amazon, Penguin, and Alibaba. It will no longer continue venture capital investment, maintain the status quo, and hand over the remaining opportunities to Lin Zuhui's companies.
Barings Bank, which specializes in investment banking, currently wholly owns Hilton Hotel Group, Gucci, 16% of San Miguel Group (Philippines), 5% of Samsung Electronics, etc. During last year’s oil surge (110%), there were gains
With a profit of US$1.8 billion, Barings Bank currently has sufficient cash flow (about US$3 billion) and strong assets.
"Boss, it's time to go to the Telecom Building for a meeting!" Assistant Li Ke knocked on the door and walked into the office, reminding Lin Zuhui.
"Well, where is President Yuan?" Lin Zuhui asked as he stood up.
At the New Era Group headquarters, there are three carriages, namely President Chen Bin, Vice President Liang Zhenxun, and Vice President Yuan Tianfan.
Chen Bin is responsible for the group's operating business, Liang Zhenxun is responsible for the group's finance, and Yuan Tianfan is responsible for the group's emerging industries, such as shipping, telecommunications, etc., and is also responsible for the group's acquisition plan.
In fact, it can be seen that Lin Zuhui has not delegated power and has firmly grasped the general direction of the group.
"Waiting for you outside!"
"Um"
Lin Zuhui walked out of the office and saw Yuan Tianfan outside, and then invited him to take a ride to the Telecommunications Building in Quarry Bay.
Yuan Tianfan is now a director of Hong Kong Telecom, and Lam Cho-fai is the chairman. Neither of them is specifically involved in the development of Hong Kong Telecom, but they will supervise Hong Kong Telecom and provide work guidance.
Today, Lin Zuhui held a meeting in person. It is obvious that Hong Kong Telecom will make big moves.
.......
Telecommunications Building, Group Conference Room.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Lin Zuhui sat in the main seat, Yuan Tianfan and Ivey Lang sat below him, followed by Wu Qinghua, Zhong Chuyi and other senior executives.
Considering that Ivey Long is Australian, the entire meeting was conducted in English.
"The entire meeting is confidential," was Lin Zuhui's first sentence.
A kind of executive nodded quickly, it should be.
They understand that the boss wants to formulate a development plan for Xiangjiang Telecom.
Then, Lin Zuhui said:
"On March 10th of this month, Microsoft, Oracle, and Cisco in the United States saw billions of dollars in selling orders, causing the Nasdaq index to fluctuate significantly this month. As of today, it has fallen by about 500 points (currently around 4,500 points).
). I see a big crisis from this, which is the risk of the Internet bubble bursting."
"The reason why Xiangjiang Telecom has more than doubled in just over a year is nothing more than the hype of Internet themes such as PCC business and video information business. As management, we must clearly realize that Xiangjiang Telecom is also a bubble, including PCC business and
The video information business cannot really be a way for Xiangjiang Telecom to break out of the Hong Kong circle, because it is full of great uncertainties."
Everyone was immediately shocked. After working hard for a year, the boss said at this time that he was just telling you a story, and they suddenly felt a little frustrated.
Recall that the parent company, New Era Group, cashed out more than 40 billion of Xiangjiang Telecom's shares from January to March, causing the market value of Xiangjiang Telecom to drop to just over 400 billion. It seems that the boss is conducting a capital operation to reduce the original
The cost of acquiring Hong Kong Telecom is just reduced.
Amazing!
Lin Zuhui smiled and said: "Do you feel frustrated?"
Ivey Lang first said: "It is not a setback. When Hong Kong Telecom's market value exceeded 500 billion, our management knew that these were BOSS and the Internet factors, driving the increase in Hong Kong Telecom's market value. As for PCC and video information business, no
At the last moment, no one can determine what the future will be like, after all, even companies like Microsoft, Intel, and News Corporation are starting to make plans.”
He is right. Half of Xiangjiang Telecom's rise to RMB 500 billion is due to Lin Zuhui's factors, and the other half is due to the "storytelling" of the Internet business.
"That's good! I didn't want to undermine your confidence just now, but I wanted to say that Xiangjiang Telecom needs to really break out of the circle of 6 million people in Xiangjiang and look for opportunities overseas."
As soon as Lin Zuhui finished speaking, everyone began to think seriously.
In this life, Xiangjiang Telecom has not been affected by acquisitions, causing huge financial pressure; on the contrary, Xiangjiang Telecom currently has more than 20 billion Hong Kong dollars in cash flow on its books.
In his previous life, after Li Zekai acquired Hong Kong Telecom, he merged it with PCCW. The debt acquired from the acquisition naturally became the debt of Hong Kong Telecom. The consequence was that Hong Kong Telecom was burdened with debt and could not break out of Hong Kong. On the contrary, it also transferred China Mobile to Hong Kong Telecom.
Communications business sold to Australian telecommunications company.
Aiweilang's eyes suddenly lit up and he said excitedly: "The boss is planning to acquire overseas telecommunications companies and jump out of the Hong Kong circle directly? Is it Australia?"
Sure enough, everyone's eyes lit up.
Lin Zuhui didn't sell it any more and said: "Not bad! How about Optus, Australia's second largest telecommunications company?"
Ivey Lang immediately said: "Back then, I participated in and led the plan to open up the Australian telecommunications market. I am very familiar with the Australian market. Optus is a very good company, if its parent company intends to sell it!"
Yuan Tianfan also said: "For a second-tier company like Optus, its parent company has a very high chance of being sold, as long as the price is right."
Everyone agreed with this acquisition plan!
The way Europeans and Americans do business is that if they can sell at a high price when the market is good, they will not be stingy. This is why mergers and acquisitions often occur in Europe and the United States.
Lin Zuhui finally said: "Well, you will conduct the investigation secretly for a period of time without any specific contact, and at the same time formulate an acquisition plan."
"OK!"
The reason why we do not decide quickly is because we have to wait for the Internet bubble to burst, which will make it easier to negotiate. Of course, the telecommunications industry is a traditional industry, and the impact of the Internet bubble will not be as great as that of Internet companies.
However, there is one exception, and that is Dadong Cable and Telegraph Company. They received US$10 billion in cash last year, and it is said that all of it was invested in the Internet, and the converted New Era Group shares were not sold.
It looks like I will lose all my underwear!
Lin Zuhui seemed to remember that in his previous life, Li Zekai wanted to acquire Taitung Telegraph Company in turn, so he teamed up with the Texas Pacific Group to initiate the acquisition. At that time, Taitung Telegraph Company's share price fell from 1,500 pence to about 50 pence, and its market value was only about HK$15 billion.
What a joke!
However, in this life, Dadong Cable and Telegraph Company should have an easier time. After all, New Era Group's stocks have maintained their value much better than those of the previous Century Pacific Telecommunications.
In fact, if the day comes when Tai Tung Cable and Telegraph Bureau really comes into its own, Lam Cho-fai will also arrange for Hong Kong Telecom to acquire it.
Whether it succeeds or not is one thing, but face must be regained.