On Monday, New Era Group held its annual financial report conference. As chairman of the board of directors, Lin Zuhui sat in the middle of the podium, with his generals on the left and right.
Under the stage were domestic and foreign media, with European and American media accounting for a considerable proportion. They raised their guns and cannons and focused their attention on Lin Zuhui.
In fact, it was Liang Zhenxun, financial director of New Era Group, who made the summary of the year-end financial report.
When it came to last year's full-year net profit of HK$43.1 billion, reporters were a little surprised. We must know that last year was affected by the dual impact of the Internet bubble and the 9/11 incident, and the global economy was in a sluggish state, and real estate was no exception.
When it was mentioned that New Era Group decided to distribute a total of HK$30.23 billion in dividends this year, reporters couldn't help but exclaimed, and the scene fell into a commotion.
When it was mentioned that New Era Group currently has sufficient cash flow and still has 135 billion Hong Kong dollars in cash on its account, the atmosphere became high again.
When it came to the question and answer session, reporters were already raising their hands, which was comparable to an interview with a country’s leader.
"Mr. Lin, how did New Era Group grow despite the global economic downturn last year, when even HSBC's performance regressed?"
HSBC's performance has declined several times in its history, and the end of 2001 was among them.
Everyone likes to compare New Era Group and HSBC, because they are the largest and second-largest enterprises in Hong Kong; in terms of market value and annual net profit, New Era Group ranks first; in terms of total assets, HSBC is slightly higher.
Lin Zuhui pushed up his eye frames (without lenses) and replied with a smile: "Indeed, it was difficult to achieve positive growth in last year's environment. New Era Group was able to buck the trend and rise because it sold four Manhattan office buildings early last year, because what happened at that time
The Internet bubble was not a good market. Of course, in addition to this non-recurring profit, New Era Group still has many areas for growth, such as its business in the mainland, including real estate and beverages and food; and the acquired shipping
The enterprise has also increased the group’s income..."
The media all showed admiration. Selling the Manhattan office building was a wise move. When this happened, New York real estate plummeted by 20%.
Lin Zuhui's eloquent speech on stage is a good reason to introduce to the media how excellent his company is, which will help the development of the company.
"Mr. Lin, New Era Group's cash flow has dropped significantly. Do you feel anxious?"
"Haha, I'm not anxious at all. I always tell them that difficulties are temporary. The more this time comes, the more we need to invest our funds. New Era Group's debt ratio is extremely low and its finances are very healthy. We
I very much hope that the cash on the account can be invested and bring better benefits to investors."
"So, New Era Group will speed up investment this year? What specific areas will it invest in?"
"Real estate, hotels, shipping and aviation, telecommunications... these traditional areas are still the investment focus of New Era Group."
After a press conference, Xiangjiang was soon shocked.
The next day, almost all citizens in Hong Kong were discussing New Era Group's dividend plan.
"Oh my god, the dividend is over 30 billion. How much is this?"
“It’s so cool, I’ve invested heavily in New Era Group’s stocks!”
"Now that I have made a fortune, I will say that I will not lose money by buying New Era Group's shares. This is equivalent to nearly 4% of the stock price in one go. The stock has risen a lot since yesterday, and I am afraid it will continue to rise."
"From today on, I will buy a few shares of New Era Group shares every year and pay dividends every year."
For a time, New Era Group attracted much attention in Hong Kong and even around the world.
.......
New Era Group.
"Dong dong"
"Please come in"
"Boss, Zheng Sheng is here!"
Lin Zuhui stood up from his seat and greeted Zheng Jiachun with a smile.
"Why did you come to my office? We can just make an appointment to play together on the weekend!" Lin Zuhui patted Zheng Jiachun on the shoulder and said enthusiastically.
Although he is busy, if his friends have appointments, he will try his best to keep them.
Zheng Jiachun said with a smile: "I want to discuss business with you. Besides, I also want to come to your place to pay my respects and learn from the good luck of the world's highest commercial headquarters."
"Haha, sit down!"
The two sat down on the sofa and sipped tea.
Zheng Jiachun is almost 20 years older than Lin Zuhui. In addition, he is bald and looks older. He was previously said by the media to be Zheng Yutong's brother. Occasionally, he and Lin Zuhui walk together, but it is impossible to tell that they are friends of the same generation.
"Tell me, what's the official business?"
Zheng Jiachun said seriously: "Are you interested in the Regent Hotel in New World Center?"
Lin Zuhui was stunned for a moment, and then said: "Of course I am interested, why do you think of selling it?"
In fact, he already understood that New World Group could no longer withstand this wave of financial crisis.
New World Group can only rank fifth in the field of developers in Hong Kong, and it is far behind the fourth-place Henderson. It only supplies 1,000 residential units a year, while the top four developers all supply 4,000 residential units each year.
Above. New World Group also has very little reserve land, and its development costs are higher than those of the four major real estate developers. Precisely because New World Group likes to invest in rental properties and hotels, its scale has long lagged behind the top four real estate developers.
One advantage of developing real estate (residential) is that "goods rotate", and profits can be made even when real estate is at a trough; coupled with the cheap land bank, it can be said that real estate can still perform well during troughs.
New World Group has developed two major commercial complexes, the New World Center and the Convention and Exhibition Centre. The projects are indeed large, but they also occupy a large amount of funds, resulting in lagging behind Sun Hung Kai, Cheung Kong and Henderson.
Li Chaojiao and Li Zhaoji understood this very well. They rarely worked as rent collectors in the middle and early stages.
Zheng Jiachun briefly talked about New World's financial situation, saying that this property needs to be sold to survive this cold winter; even New World's subsidiaries must begin to reorganize to avoid financial drag.
This chapter is not over yet, please click on the next page to continue reading! Lin Zuhui nodded, he seemed to remember that the Regent Hotel was indeed sold to InterContinental Hotels in his previous life.
"The Regent Hotel is a very fond memory for me. Jiahui and I often visited it back then. Let's just set a price and we will buy it."
The first time he and Guan Jiahui had a room together, wasn't it at the Regent Hotel?
The Regent Hotel was also very famous in its previous life. It was used as a location for Stephen Chow's movies and Jay Chou's works. It was later acquired by InterContinental Hotels and renamed "InterContinental Hotels".
"Well, knowing that you are happy, we have already discussed the price, and we will sell it for HKD 2.72 billion!"
"It's a deal! Good things cannot be negotiated." Lin Zuhui readily agreed, but the fact is that if it is sold to an InterContinental Hotel or a Marriott Hotel at this price, others will still buy it.
In fact, the Zheng family is very powerful, but they don't like to spend the family's money on the Regent Hotel.
The Zheng family holds about 1% of New Era Group's shares and about 3% of Media Group's shares, worth more than 10 billion Hong Kong dollars!
Moreover, the Zheng family's Chow Tai Fook Enterprises also has huge assets and holds a high stake in Chow Tai Fook Jewelry.
Of course, more than 2.7 billion Hong Kong dollars is not easy for such a family to acquire, and the hotel is not a high-return investment. Compared with the Zheng family, they have not considered acquiring it privately.
Unlike Lin Zuhui, he eats it easily.
Of course, it was the Langham Hotel that invested in the purchase, which coincided with a large-scale renovation of the Regent Hotel and changed it to be operated by the Langham Hotel.
After Zheng Jiachun left, Lin Zuhui called Chen Bin, president of New Era Group, to come.
"Just now New World's Zheng Jiachun came. They are interested in selling the Regent Hotel. We have agreed on the price, 2.72 billion Hong Kong dollars. You can arrange the following matters."
Chen Bin showed a hint of joy on his face and said: "No problem! After the acquisition, we can carry out major renovations and then open our Langham Hotel."
Lin Zuhui nodded and said: "Well, I think so too. You can communicate with Jonathan later and transfer it to Langting Hotel for processing."
"Ok, no problem!"
Langham Hotel Group has 86 five-star hotels (including properties) around the world, and it also owns Miramar Hotel Group (which has been privatized). The entire hotel group is worth more than 20 billion US dollars.
Currently, Langham Hotel Group owns a five-star hotel in Cyberport in the south of Hong Kong Island, as well as the Furama Hotel in Central. Half of this hotel is owned by Hengjin Real Estate, which is Wang Lingyin's company.
of.
There is also the 'New Era Seaview and Convention Hotel' in the 'Tsuen Wan Centre'. Although this hotel has thousands of hotel rooms and is the largest in Hong Kong, it is in Tsuen Wan after all, and its location is more or less not high-end.
Langham Hospitality Group's latest plan in Hong Kong is to build a "Ritz-Carlton Hotel" on some floors of the tallest building above Kowloon Station, but it is not expected to open until 2008.
"By the way, I plan to demolish the Furama Hotel and rebuild it into an office building. You can do it and build it into a first-class beautiful building."
Chen Bin nodded and said, "Okay, I'm going to set up a project team right away."
Lin Zuhui nodded and said: "The main thing is the Four Seasons Hotel in the International Financial Center. It is expected to be open at the end of next year. I have no shortage of places to go."
In the entire International Financial Center, there is only one hotel and serviced apartments, the Four Seasons Hotel, and there are two high-rise office buildings without investment hotels.
Chen Bin smiled. The Furama Hotel was described by the media as the boss's 'home shop', and the boss also liked to entertain guests and organize banquets there.
Now Hong Kong's top luxury hotel, the Four Seasons Hotel, will open at the end of next year, and the boss is one of the three major shareholders of the Four Seasons Hotel. Naturally, he has a new place. Of course, the hotel ownership belongs to the New Era Group, and naturally it also belongs to the boss.
hotel.
"The Regent Hotel is undergoing major renovations and is expected to open in 2004. The boss will have another place to go."
"That's true!"
.........
........
Langham Hospitality Group spent HK$2.72 billion to purchase the Regent Hotel under the New World Group, sparking a wave of public opinion in Hong Kong.
"New World Group originally had four five-star hotels, but now it has sold two. It's really..."
"The Marriott Hotel in the Convention and Exhibition Center only sold part of its equity, not completely. However, the Regent Hotel sold all its ownership for HKD 2.72 billion."
"That's right! However, New Era Group has been very active in the real estate industry in Hong Kong in recent years. Does this prove that real estate can be bargain hunting? And I heard that Mr. Lin Zuhui's confidante Li Jiaxin has also purchased a large number of properties in the past few years.
For example, Tung Ying Building, Sogo Building, etc. in Tsim Sha Tsui. Judging from this situation, Mr. Lin Zuhui must be optimistic about the future prospects of Xiangjiang Property. What do you think?"
"Well, it's hard to say! I'm not doubting the future of real estate, but who knows how long this real estate trough will last. Most people really don't dare to speculate in real estate now!"
"I think it's time to start, I'll give it a try at the bottom! (If you try, it will be gone, and SAS is not here yet)"
.......
Lam Cho-fai and Kwan Jiahui arrived at the Regent Hotel in New World Center, attracting countless attention along the way.
"Every time you come out with me, it's like walking on a red carpet!" Lin Zuhui turned his head and said to Guan Jiahui, who was holding his arm. Although his tone was a bit 'blaming', Lin Zuhui actually enjoyed it very much.
Guan Jiahui was seen wearing a long black dress with a belt, which outlined her graceful figure. The exposed skin showed fair and delicate skin. Coupled with her beautiful face and hair, she looked like a top-notch "less payer". Ren
No one would say she is 40 years old, she looks like a woman in her twenties.
Guan Jiahui held her arm tighter, as if hanging, and said slyly: "On a date with the world's richest man alone, of course I have to dress more beautifully and grandly, so as not to lose face! Look, many people envy me.
!”
This chapter is not over yet, please click on the next page to continue reading! She made a little womanlike gesture, and her words were like honey, which made Lin Zuhui feel very good.
Under the guidance of the restaurant manager, the two of them came to a table with a sea view.
When the hotel staff saw Lin Zuhui and Guan Jiahui, they all muttered that the new boss had come to inspect so soon.
Everyone in Hong Kong knows that the Regent Hotel has changed owners, and the hotel employees are naturally very happy. After all, the New Era Group is much stronger, and the prospects of joining the Langham Hotel Group are much greater, and they may even be able to work abroad.
In fact, what they didn't know was that the hotel was going to undergo major renovations and many people would have to be laid off.
"Ah Hui, our first time was at the Regent Hotel. Unexpectedly, after going round and round, you bought it directly." Guan Jiahui leaned forward and approached Lin Zuhui and said.
That touch of spring will make even an old couple's heart flutter.
"You still remember!" Lin Zuhui said casually.
"How can I forget? I remember every moment! Look, I'm still wearing the same outfit as the other day, and I still have your favorite black stockings!"
Guan Jiahui showed off that she really looked like she did when it was first opened. In fact, she was still very girly at that time, but now she has a less style, and of course she is more beautiful.
"You are thoughtful and know why I brought you here for dinner today!"
"Hehe, let's go develop it later, okay?"
Guan Jiahui came up again and spoke in a low voice.
Lin Zuhui was noncommittal, and the woman immediately understood that this man was moved. Although she knew that she would suffer some pain later, it was painful and happy.
"This hotel is going to be renovated, so I'll take you through some memories this time. It will be called Langham Hotel from now on."
"That's great. When I return to Hong Kong, our hotels will be everywhere, including Furama, Four Seasons Hotel, and Langham Hotel. Wow, there are three places to go to at once."
"Look how proud you are!"
"Of course, although I don't own any shares, I have a sense of family. It belongs to the Lin family, so I treat it as my own hotel."
This woman is quite sensible and doesn't have a pet in vain.
As soon as she praised her in her heart, Guan Jiahui soon fell into her old habit.
"Husband, Jiaxin's business is very big. Sogo Department Store is going to open a branch in the Miramar Center and also a branch in the mainland. THE ONE will be built in more than a year...
.”
Lin Zuhui said angrily: "Why are you always comparing yourself to her?"
Guan Jiahui asked of course: "Then why do you always let me and her be you?"
Lin Zuhui was immediately speechless. The woman refuted him speechlessly. Of course, he did like Guan Jiahui and Li Jiaxin slightly.
"Hehe, I'm kidding you. Jiaxin and I are sisters. Besides, I also own a super office building in Manhattan, so I won't be jealous of her! Really, it's just to make you happy. The two women are jealous.
, don’t you like it very much?” Guan Jiahui said playfully.
Lin Zuhui looked at her angrily, and the woman looked at him charmingly and responded.
It’s nice to go out and be alone and romantic once in a while!
After dinner, the two of them found the best suite. After the bodyguard checked it, the two of them became restless.
Putting Guan Jiahui on the sofa, Lin Zuhui took off her high heels and pushed up her skirt, revealing a pair of beautiful black stocking legs.
Not to mention, this woman's legs are really beautiful. Even if Li Jiaxin's legs are longer than hers, overall she is inferior to Guan Jiahui.
Guan Jiahui watched Lin Zuhui sliding on his legs. She already felt like she was going to...grab the sofa tightly with both hands...biting her lips gently...looking at her with beautiful eyes.
favorite person.....
But when Lin Zuhui looked up at Guan Jiahui, he couldn't help but be touched. This woman's snow-white and delicate skin was half exposed, and her expression was budding...