Chapter 807 [Successor of the trillion-dollar consortium]
Time flies and it’s December (2012) in a blink of an eye.
The long-standing stalemate in the takeover battle of Frasers Group in Singapore entered the bidding process on December 1. The two bidders were New Era Group and TCC Asset Management led by Thai businessman Su Xuming.
Since TCC Asset Management, which originally had a lower bid, did not raise its price that day, New Era Group won. This meant that New Era Group had no competitors in the bidding war, and it defeated consortiums from six countries in total.
However, for New Era Group to complete the acquisition, it still needs the approval of other shareholders of Frasers Group.
At this time, New Era Group's shareholding had reached 43%, while TCC Asset Management only had 16%. The balance of victory was already tilted towards New Era Group.
However, with the European and American economies sluggish again, Frasers Group shareholders must be eager to sell.
The final price given by New Era Group was S$10.25 per share, valuing Frasers Group at S$14.76 billion (US$12.1 billion), a premium of about 20%.
Currently, the businesses still held by Frasers Group include real estate, beverages and publishing businesses.
The other side.
In the competition with Heineken Group, New Era Group also won a strong victory, spending US$5.2 billion to acquire the shares of Asia Pacific Brewing held by Heineken Group. Heineken Group almost exited the Asian market that it had established for 80 years.
The Times & Newcastle Beer Group acquired 30 breweries and 26 brands owned by Asia Pacific Breweries in 14 countries (14 brands controlled by Heineken Group have withdrawn from Asia Pacific Breweries), including the famous Tiger brand
beer.
This acquisition involved more than 24 billion U.S. dollars (Asia Pacific Breweries' 12 billion U.S. dollars and Frasers Group's 12.1 billion U.S. dollars). It was promoted to the top ten global mergers and acquisitions of the year and was widely reported by the media.
The American media described the consortium led by Lin Zuhui as "every two years, one of the world's top ten acquisitions will involve the world's richest man."
At the same time, many media outlets focused their reports on the second generation of the Lin Zuhui family, using the term "successor of the trillion-dollar conglomerate" to make extensive reports.
........
New Era Group Headquarters.
In Lin Zuhui's office, he convened a meeting with several senior executives, including the four leaders of the group - Chen Bin, Liang Zhenxun, Yuan Tianfan, and Lin Wenjie.
"The acquisition came to an end just in time for the world financial crisis, so we can't really win." Lin Zuhui commented.
Showing strong determination and ambition, the price this time was almost US$3 billion, of which US$2 billion was spent on Asia Pacific Breweries.
Of course, if it weren't for the US$3 billion, it wouldn't be New Era Group's turn to acquire long-term assets like Frasers Group and Asia Pacific Breweries.
Lin Zuhui understands that ‘asset speculation’ can only be a ‘temporary solution’, not a ‘long-term solution’.
If you want to build a more solid foundation for your son, you can only acquire those old brands. Tiger Beer and Frasers Group are both old brands in Singapore. Needless to say, Tiger Beer, and Frasers Group have such a reputation in the hearts of Singaporeans.
The evaluation "Produced by Frasers Group must be a high-quality product" refers to the properties developed by it.
The four people immediately understood the meaning of Lin Zuhui's words and waited for Lin Zuhui to continue his comments.
"The next step is to integrate resources and take a long-term view, which is the real victory. Asia Pacific Brewing must quickly integrate into the 'Times & Newcastle Beer Group'. While integrating resources, it must maintain a certain degree of independent operation to achieve a win-win situation."
With the acquisition of Asia Pacific Brewery Group, Times & Newcastle Beer Group has become the third or fourth beer group in the world, estimated to be only behind Anheuser-Busch InBev and Heineken Group.
"Frasers Group needs to support its independent operation, deeply explore the Southeast Asian market, and then radiate overseas. Frasers Group has three major areas: 'high-quality residences', 'serviced apartments', and 'commercial real estate investment, construction and management'
We must continue to develop in this field. When the time is right, we will re-list it in Singapore.”
It is just a few comments, but it directly sets the general direction. That is, the assets acquired this time must ensure a certain degree of independence in operation, rather than forcibly integrating resources; while operating independently, they must maintain resource sharing and coordination with the headquarters.
Accept supervision and management, etc.
"Yes, Chairman!"
"Wenjie, follow us and study hard!"
"Okay, Chairman!"
It goes without saying that the three carriages will lead Lin Wenjie to accumulate more experience.
In this US$24 billion acquisition, Lin Wenjie was deeply involved and could almost be regarded as the leader. Yuan Tianfan became a qualified Taifu, delegating power while also supervising and guiding.
After the acquisition, there was still a series of work, and naturally the three masters taught apprentices at the same time.
In fact, some people don't understand why Lin Zuhui is in such a hurry to retire when he is only 47 years old?
Fortunately, the boss's eldest son has indeed inherited the boss's mantle, making everyone very satisfied with his abilities.
At the end of the meeting, Lin Zuhui left behind Lin Wenjie.
"Do your best, and in the next year or two, I will transfer most of the shares of New Era Group to you in the form of trust!"
Xiangjiang has abolished inheritance tax and other related taxes in 2006, so wealthy people do not need to worry about asset reduction when inheriting.
Lin Wenjie was shocked and said: "Father..."
Lin Zuhui waved his hand and said: "You just need to know, don't think too much, and work hard. In short, wealth is not our family's problem. Only families with insufficient wealth will fight over it. I will give you most of it early."
The purpose of holding shares is to dilute the wealth and keep a low profile."
He plans to give Lin Wenjie 34.8% of New Era Group shares in the next two years, while retaining more than 16% of the shares himself.
"Okay, father." Lin Wenjie said calmly after stabilizing his emotions.
"Well, go ahead!"
Lin Wenjie should understand that he can only get the majority shareholder of New Era Group, while his two younger brothers will get Octopus Financial Group and Media Group.
As for the LEIT Group, there was no candidate yet, but he wouldn't count on it, because his father didn't let him know about the other companies, and he obviously had no intention of giving it to him.
In fact, as Lin Zuhui's son, Lin Wenjie also knows that his father's health is very good, and he may not be able to outlive his father. But just because his father's health is good, he does not focus all his energy on his career.
People in Hong Kong say that Lin Zuhui is extremely romantic, but he has a devoted son. Lin Wenjie married his first love and received a lot of praise.
........
After getting off work in the evening, Lin Zuhui took a car to TWELVE PEAKS at No. 12 Mount Kellett Road. The security guard at the door saw Lin Zuhui sitting in the car and immediately let him go.
The security here is not ordinary security, but a security company affiliated to the Lin Zuhui family. Why is this?
turn out to be:
'TWELVE PEAKS' was purchased by New Era Group in 2006 for HK$1.92 billion. It then spent huge sums of money to build 12 independent villas. The cost of construction and decoration exceeded HK$1 billion. The 12 villas
The total property area is 48,800 square feet, with an average building size of 4,000 square feet. Each building has an independent swimming pool.
The Twelve Peaks were originally built for Lin Zuhui personally, so in recent years, Lin Zuhui and his woman used offshore companies, investment companies, and personal names to acquire these twelve villas for a total cost of HK$5.8 billion.
The average price per building is HK$500 million.
Because it is either an offshore company, an investment company, or someone not familiar to everyone, and New Era Group is very secretive about the sale of TWELVE PEAKS; therefore, it is quite mysterious here.
Reporters only know that the mansion here has been built, but they don’t know who lives in it, and it is impossible for reporters or intermediaries to enter TWELVE PEAKS.
Lin Zuhui came to a villa in the south and saw Gu Li and the nanny opening the door for his car.
"Brother Hui" saw Lin Zuhui get out of the car, and Gu Li happily came up to greet him.
Lin Zuhui put his arm around her Qian Qian's waist and asked with a smile: "How are you, are you getting used to Hong Kong?"
Gu Li said happily: "I like Xiangjiang so much. Sisters Bingbing and Yuanyuan take me to play, and I don't feel uncomfortable at all!"
It is true that people here in Xiangjiang look down upon mainlanders, but in fact it is just like people in Shanghai looking down on outsiders.
But no matter what, as long as you have money, you can look down on anyone.
Lin Zuhui nodded and said: "Sisters Bingbing, Yuanyuan and the others have been in Xiangjiang for almost ten years and are very familiar with it. I believe you will soon adapt to life here. It will be great to come here for vacation often."
"Well, then I have to work hard to learn Cantonese!"
The two chatted and walked into the villa.
"Gu Li, this villa will be your future home in Hong Kong." Lin Zuhui said comfortably while leaning on the sofa.
Gu Li had a flash of surprise, and immediately approached Lin Zuhui and said coquettishly: "Brother Hui, you are so kind to me and so carefree, and you are not afraid that I will dump you. Wouldn't it be a waste of time to draw water from a bamboo basket?"
Lin Zuhui approached and said, "Are you willing to give it up?" After saying that, he looked at Gu Li playfully.
How could a woman be willing to give up after just a few dollars? Lin Zuhui seemed to give these women a lot of money, but in fact it was just drizzle to him.
Many women have followed Lin Zuhui for more than ten years, and their wealth has increased to billions or tens of billions, but they still want to continue to get rich. Of course, these women were indeed conquered by Lin Zuhui, and it was not just for money.
Gu Li decisively kissed Lin Zuhui and left for a long time.
"Hehe, I just can't bear it!"
After a while, Fan Binbin and Gao Yuanyuan brought their children to the villa for a party. Lin Zuhui took the opportunity to interact with the children for a while. Late at night, the nanny took the children back to his villa, leaving the three girls to accompany Lin Zuhui.
Of course there are programs. Lin Zuhui likes to watch the three girls dance the most, especially Gu Li’s dance.
In fact, the twelve villas in TWELVE PEAKS have become Lin Zuhui's private palace.
This is also the reason why Lin Zuhui obtained these properties through offshore companies or investment companies. He just wanted to keep it secret. Even the security and property management were all members of the Lin family.
As for whether the 12 people need to know each other, Lin Zuhui thinks that at least the four Korean people do not need to be introduced to everyone, they are a separate team.
.......
Kowloon, Barings Bank Building.
Lin Zuhui listened to Lin Wentao’s work report on ‘Canada Goose’.
"I invested US$250 million to purchase 65% of Canada Goose's equity, and the founder's family still holds 35% of the equity... The third generation of the founder's family, Reese, is a talent who is good at business. He plans to
Use this fund to market Canada Goose products... And we, Bahrain Bank, strive to put Canada Goose on the market within five years..."
Lin Zuhui said with satisfaction: "How is your relationship with that Reese?"
Lin Wentao replied: "It's okay, everyone is relatively young, and we can agree on many ideas."
"Well, you can invite Canada Goose to open a specialty store in Hong Kong, and sponsor top Hong Kong celebrities, and bring Canada Goose into Asia through airport catwalks and other methods. In fact, this is also the case in Europe and the United States, using celebrity effects to gain recognition in the world's fashion circles.
Create a strong influence...Canada Goose is just a 'handmade workshop', and it is unrealistic to increase production too much, so it must be good to go for luxury and fashionable styles..."
Lin Wentao's eyes lit up, and he understood that his father was teaching him his skills, and he quickly said: "Thank you, Chairman, for your guidance!"
Lin Zuhui nodded and said, "Just give them some advice. I believe others understand these principles."
"OK"
After Lin Wentao left, Lin Zuhui looked thoughtful. Through observation and understanding, Lin Zuhui would definitely transfer Lin Wentao to Octopus Bank as executive director in another year, and slowly take over the entire Octopus Financial Group.
This chapter is not over, please click on the next page to continue reading! His so-called succession is to let these sons serve as presidents, and he retains the position of chairman; and even if he hands over 34.7% of the shares to them, Lin Zuhui still holds more than 16%.
These shares will not be handed over unless Lin Zuhui is too old to do anything anymore.
As for the wealth of other private companies, it is even more impossible to hand it over. After all, his sons have already received too much. He is confident that he will live longer than many of his sons, so the private wealth may ultimately be in the trust model.
After a while, Andre and Liang Botao, two of the twelve senior executives of Barings Bank, came to Lin Zuhui's office together.
Andre is the president, and Liang Botao is the vice president in charge of Asian affairs.
“How is Japan’s investment going?”
Andre first said: "We carried out 'buying Nikkei futures' in Singapore and Tokyo at the same time, investing a total of US$300 million and preparing a large amount of margin..."
Liang Botao then said: "We also arranged for Peregrine to invest in Sony, Panasonic and other stocks in Japan, with a total investment of 2 billion US dollars, using leverage..."
After listening to their work reports, Lin Zuhui felt very comfortable.
Abe becomes Prime Minister of Japan at the end of this month and is expected to implement monetary easing immediately. The sharp depreciation of the yen will naturally be an opportunity for Lin Zuhui to make money.
Because he knows that in the first half of 2013, as Amber came to power, the yen depreciated (currently around 83 index); while the yen depreciated, it also drove Japan’s product exports (increased competitiveness), so the Nikkei Index
It will skyrocket, and Sony, Panasonic and other stocks will also skyrocket.
Some memories from the past life, coupled with the analysis of this life, made Lin Zuhui decide to make a small fortune and arrange a three-pronged approach in November:
Buy Nikkei futures, buy Japanese stocks, and buy USD/JPY foreign exchange.
It is expected that this wave will earn billions of dollars.