In May, New Era Group completed two acquisitions, which aroused great public opinion in Hong Kong.
They are:
Fuli Group spent US$7.8 billion to acquire IndCor, the largest industrial real estate company in the United States;
Times Shipping spent US$1.15 billion to acquire Meiji Logistics, a logistics company affiliated with Singapore’s Oriental Neptune Shipping.
The two acquisitions worth up to 9 billion US dollars are undoubtedly very shocking, but considering that it is New Era Group, Xiangjiang citizens have become accustomed to it. New Era Group started through acquisitions and is also famous in the world. This year it has become one of the top 500 companies in the world.
The company ranks 48th with outstanding performance.
Morris, the president of Times Shipping, came to Lin Zuhui's office to report on his work, and Lin Wenjie also participated.
When he can personally teach his son, Lin Zuhui will not miss it, especially when it is related to the prospects of an important business.
"The shipping situation is still not optimistic. Oriental Neptune accounts for 3% of the global container shipping capacity, but it has incurred losses of nearly 1 billion US dollars in the past few years. Our container business accounts for 13.5% of the world, plus South Korea, Taiwan,
Mainland China, Japan formed a shipping alliance, and many other reasons. Thanks to the integration of resources, last year the company managed to maintain a profit of US$300 million."
Lin Zuhui said calmly: "That's what shipping is like. When you make money, you work hard to make money, and when you lose money, you work hard to lose money. Whoever can survive the cold winter will be the overlord of the industry."
From 2003 to 2008, including shipping/aircraft leasing (an important profit), the average annual profit was as high as 9 billion U.S. dollars, making more than 50 billion U.S. dollars in six years; this does not include the final sale of 6 billion U.S. dollars.
of second-hand ships, including this fee, it has earned 60 billion U.S. dollars. It has earned back almost twice the initial investment.
Morris said: "It is difficult for the container business to have the same market situation from 2003 to 2008. Fortunately, our logistics/transportation, ports/tugboats, and aircraft leasing have grown."
Lin Zuhui thought for a moment and realized that shipping would never have a big market again, but the more it did, the more profits could be maximized through market share and resource integration.
"Let's keep an eye on Oriental Neptune, and try to get in touch with the acquisition issue next year, because I think it will hit the bottom in the last three years. Although it won't rebound much, if you can increase profits through market share, it will obviously be very good. What's more, Maersk
As long as we stay with us, Times Shipping also needs to stabilize its market share."
Morris immediately said: "The biggest problem with the acquisition of Oriental Neptune is the review by the European Commission. Since the shipping peak from 2003 to 2008, the EU has attached great importance to the shipping industry. It can be said that if shipping had not been at a trough for more than ten years, our era would have been
It is also very difficult for shipping to win over Tiehang Zhua.”
Lin Zuhui nodded. It seems that the acquisition of Oriental Neptune is an Asian matter, but it must be reviewed by the European and American Business Committee, unless you do not engage in the Asia-Europe route business.
"There is no need to force it, but if the conditions are suitable, we will win it. In summary, we are more willing to invest in logistics."
"Yes."
Then, Morris said: "What does the boss think of GLP Singapore?"
Lin Zuhui asked: "Are you interested in GLP's logistics business in the mainland?"
Morris nodded!
After thinking about it, Lin Zuhui said: "Singapore's GLP is not a good choice. They invest heavily in logistics in the mainland, so there are many legal and political problems. Moreover, GLP's and our times shipping's logistics business duplication is high.
, there is absolutely no need to acquire it.”
Morris nodded convinced. He just saw that the boss seemed eager to acquire, so he proposed the initiative.
As expected, Lin Zuhui lamented: "This year is the last year for New Era Group's major acquisitions. From next year, large-scale acquisitions will almost stop."
Anyone who is familiar with Lin Zuhui knows that he does not make the last penny, but he can make the last two cents. The card position is very precise.
Suddenly, Lin Zuhui had an idea and said: "Morris, you should investigate Ingram Micro (an international IT distributor) in the United States, and then make an acquisition feasibility report, and make a report at the high-level meeting later."
Morris nodded immediately and said, "No problem!"
To be honest, Lin Zuhui must be very sure that the company can be acquired by New Era Group with large sums of money this year, otherwise he will not take the risk at all.
Ingram Micro is the world's largest IT distributor, ranking more than 200 of the Fortune 500. Although it ranks so high, it does not mean that it is very profitable; Ingram Micro has an annual turnover of approximately US$30 billion, but a profit of only US$200 million.
US dollars, companies like this.
The world's top 500 companies look more at annual turnover and ignore annual profits.
Companies like Ingram Micro typically have high turnover and extremely low profit margins, less than 1%; the same is true for Li & Fung Group in Hong Kong, where profits are also so low.
This is the norm in the trade logistics industry. The main business of Li & Fung Group is clothing trade. When European and American orders are placed, Li & Fung Group acts as a middleman, looking for factories to manufacture and then deliver the goods.
Ingram Micro is an IT distributor, so profit margins are very low.
The reason why Lin Zuhui thinks this company has a future is because of an incident in his previous life: HNA Group spent 6 billion US dollars to buy Ingram Micro International. At the time of the acquisition, the profit was 200 million US dollars, equivalent to a price-earnings ratio of 30 times. Later,
Profits increased rapidly in a few years, once reaching US$600 million a year, but when HNA was about to go bankrupt, it planned to sell it for US$5.8 billion.
There are twists and turns here that Lin Zuhui cannot understand even in this life.
In any case, Lin Zuhui planned to buy it as his own property.
At the current size of New Era Group, even if it has a price-to-earnings ratio of 30 times, it will still acquire it.
As long as it's higher than bank interest, that's fine, not to mention Ingram Micro has a lot of room for growth.
After Morris left, Lin Zuhui said to Lin Wenjie: "Do you know why I said this is the last year for the group's major acquisitions?"
Lin Wenjie thought for a while and said: "The ZZ problem... and we have already bought a lot of bargains. It is time to digest it and maintain sufficient cash flow."
Lin Zuhui patted Lin Wenjie on the shoulder and said seriously: "I have made such rapid progress this year because I am full of confidence and will not leave you a mess. And if you become the president of the group, you must remember not to take risks and be truly steady.
Don’t forget development, and don’t forget stability in development. Also, it’s not just the emergence of Hong Kong... More importantly, the Americans will not like the emergence of countries that challenge it, so... making money in the future will become more and more
It’s difficult, so starting from next year, the group should save money! Since 2009, we have also been bargain hunting for many years.”
Lin Wenjie has admired Lin Zuhui since he was a child. His character is actually more stable and low-key than Lin Zuhui. It can be said that if Lin Zuhui had not time traveled, he would not be as good as him at all.
Just because Lin Wenjie can marry his first love and have children without showing off his wealth or being high-profile, we can understand that he is a good successor who keeps money.
"Father, don't worry. I will definitely keep it in mind. Stability is the most important thing and I will never make any rash advances."
"Okay! Our family has enough money and the company is big enough. It's easy to build a country, but it's not easy to maintain it. I hope you will bear in mind."
"Well, I always remember that it is not easy to defend the country!"
This kid is also very talented in speaking, and he won't agree that it's easy to conquer the country.
After Lin Wenjie left, Lin Zuhui smiled.
Is he saving HNA?
In its previous life, HNA made overseas purchases - the Waldorf Astoria Hotel in New York (USD 2 billion), 25% stake in Hilton (USD 6.5 billion), and Ingram Micro International (USD 6 billion).
HNA has no hope of acquiring these three assets.
At this time, Lin Zuhui has no plans to hand over his status as the major shareholder of Hilton Hotels (currently holding 52.5% of the shares, with a market value of 28.5 billion US dollars), and plans to stay in the hands of Barings Bank.
As for the Waldorf Astoria Hotel (property) owned by Hilton Hotels, although it can be released, it will have to be at least 2017.
........
A wedding is being held at the Grand Hyatt Hotel. It is a marriage between two wealthy families in Hong Kong, namely the He Zhuguo of the tobacco company and the Lin Jianyue of the Lixin Group.
As several heavyweight government officials from Hong Kong arrived, reporters became curious.
"Will Mr. Lin Zuhui attend? The last time three generations of the He family got married, Lin Zuhui only stayed for five minutes, which was shorter than Li Chaoren!"
"There's nothing we can do about it. After all, Mr. Lin Zuhui rose to prominence in the 1980s and has a close relationship with the He family. Besides, Li Chaoren has only been with the He family for eight minutes, after all."
"It's time to relax, not to mention that both of them are world-class businessmen, so they are naturally busy with work. The He family has a good relationship with each other, but the two are not 'single-minded' about global development. Take a look at the relationship between the two of them recently.
Investments are almost all in Southeast Asia, Europe and the United States, and Li Chaoren is still withdrawing assets in Hong Kong and the Mainland!"
"Today's wedding is different. Lin Baixin and Lin Jianyue are from Chaoshan. Li Chaoren will definitely stay for dinner, but I don't know if Mr. Lin Zuhui will stay?"
"Not necessarily. There are so many children in a big family. Mr. Lin Zuhui may not be able to attend every time!"
"Lin Jianyue seems to be a member of the big D club, right?"
"But Lin Zuhui stopped playing with them more than ten years ago. After all, his status is different, so he is called the shadow leader."
For a while, everyone was concerned about whether Lin Zuhui would come or not, and whether he would eat or not.
In the hotel.
Two in-laws, Lin Jianyue and He Zhuguo, were taking a photo with Li Chaoren and his son.
After the group photo, Lin Jianyue and He Zhuguo also looked at the door expectantly. Whether that person can come or not will determine the weight of the two families in Hong Kong. This is the reality.
If Li Chaoren is the world's businessman, and Lin Zuhui is the world's most influential businessman, no one can influence him, not even Bill Gates.
People in Singapore can say that Li Chaoren is engaged in a monopoly industry, but they praise Lin Zuhui for making outstanding contributions to mankind.
The reason is very simple. Lin Zuhui has invested in companies such as Netscape, YAHOO, Amazon, and Google, and has also contributed to the cause of human science and technology; not to mention, Xiaomi Technology and Tesla have Lin Zuhui’s shadow behind them; the most important thing is that
, 'Hong Kong culture', 'game software', 'Hong Kong comics', these are the absolute foundations laid by Lin Zuhui.
In recent years, Singapore's economy has developed rapidly, but Hong Kong has not been worse at all. Everyone knows Lin Zuhui's contribution. Taking last year as an example, Singapore's GDP was 300 billion U.S. dollars, while Hong Kong's was as high as 370 billion U.S. dollars (30% higher than in the previous life).
%, exceeding the previous record). To be honest, even Lin Zuhui himself underestimated the influence of the cultural industry.
At this time, the bride and groom were also very concerned about whether the world's richest man could come. It seemed that it was none of their business, but in fact whether Lin Zuhui could come would have a certain impact on the future development of the family and the two of them.
The couple looked at Lin Wenjie and felt a little happy. After all, Lin Wenjie, as the eldest son of Lin Zuhui, is now taking over the New Era Group. His weight is large enough. Even if he does not have the weight of Li Chaoren, Zheng Yutong, and Li Shauji, he is still bigger than Li Zeju,
The second generation of Zheng Jiachun, the three Guo brothers, and Li Jiacheng have higher weight.
Xiangjiang is a highly affluent society, and the size of career and wealth determines influence. Lin Wenjie's wealth exceeds that of Li Chaoren and Li Shauji combined, but his qualifications are slightly lower.
Lin Tianer looked at Li Jiaxin again. She was also a famous lady in Xiangjiang, but her status was obviously one level lower. Li Jiaxin was a socialite at the same level as Miss He in Xiangjiang, and she was a top socialite.
And Lin Tianer can only be regarded as a first-line socialite.
It seems that there is a level difference, but it is an insurmountable gap. Because top socialites have their own industry, and this industry can make them into the wealth list of women.
This chapter is not over yet, please click on the next page to continue reading the exciting content! "Lin Sheng is here!" as the guests greeted.
The bride and groom breathed a sigh of relief and showed a hint of joy.
Even Lin Jianyue and He Zhuguo immediately showed happy expressions and walked towards Lin Zuhui with smiles on their faces.
The guests all glanced at Lin Zuhui with smiles on their faces. Of course, they were more surprised. Lin Zuhui, who is almost 50 years old, looks like he is less than 40 years old (in fact, this is the reason for the old-school look.
).
"Congratulations, you are a talented man and a beautiful woman, a match made in heaven!"
"Thank you, Lin Sheng, thank you!"
"The presence of Lin Sheng is really a blessing!"
After greeting each other, Lin Zuhui presented him with a gift certificate and was invited by the organizer to take a group photo.
As a result, Lin Zuhui and Lin Wenjie took a group photo with Lin Jianyue and He Zhuguo.
Lin Zuhui was also very considerate and stayed for dinner.
The reason is actually very simple. Lin Jianyue is also a member of the Big D Club. Of course, the Big D Club is not a formal group and has not publicly acknowledged the existence of this organization; but it is actually a social circle. Lin Zuhui would often
He gathers with everyone, but after the millennium, he will hardly attend the gatherings of this group, so he is called the shadow leader.
During this period, the guests were accustomed to the fact that the host regarded Lin Zuhui as No. 1, a person who was more noble than the third generation.
After all, it is clear at a glance which one is more important between a local politician and a world conglomerate. Especially Lin Zuhui's contribution to Hong Kong's business, even in the eyes of the citizens, Lin Zuhui has great influence.
Give face to give face, but Lin Zuhui still left the banquet early, after all, he was very busy.
.......
The next day, the media reported one after another that although the Lin Jianyue family and the Ho Zhuguo family were the protagonists, it was obvious that the media still put Lin Zuhui in the leading role. It felt that the Lin Jianyue family was only considered important if Lin Zuhui could attend this wedding.