Rebirth: The Era of Hong Kong Tycoon

Chapter 179 [Raising 2.5 million Hong Kong dollars]

It was late November when Lin Rongheng returned to Hong Kong.

The battle between Milk and Landmark is still going on, and the two sides are coming and going, very lively.

Lin Rongheng didn't need to worry too much about cashing out his stocks to three securities companies, Galaxy Securities, HSBC Securities, and Sun Hung Kai.

Evergrande Real Estate.

Lin Rongheng recruited the Three Musketeers and said: "Announcement, Evergrande Real Estate will issue 500 million shares to raise 2.5 million Hong Kong dollars, and the proceeds will be used for the reconstruction plan of its commercial buildings! Moreover, we will formulate a 'six-year reconstruction' plan for its commercial buildings, And announced to the public that once the reconstruction plan is completed, the existing 12 commercial buildings of Evergrande Real Estate can provide Evergrande Real Estate with 400 million square feet of rental buildings, and can provide rental profits of more than 1.6 million Hong Kong dollars per year."

If the market situation is better than the original plan, then Lin Rongheng will not be polite, but chooses to raise an additional 5000 million Hong Kong dollars; as for the issue of new shares will cause the stock price to fall, Lin Rongheng is not worried, the stock of Evergrande Real Estate has risen to 54 Hong Kong dollars per share. It has greatly exceeded my budget.

Moreover, while I am issuing new shares, I am still spreading a lot of good news; I believe the market will digest this factor soon and continue to rise.

置地能在1973年3月市值高达72亿港币，那么恒大地产的市值55亿港币，甚至60亿港币都没有问题。

The Three Musketeers became excited. In their hearts, probably because the 2.5 million Hong Kong dollars was used to rebuild commercial buildings, they felt a sense of pride when they thought that Evergrande Real Estate had 400 million square feet of rental properties.

He Rui suggested: "Boss, we have made a profit of 1.5 million Hong Kong dollars from investing in stocks. Do you want to announce it to the market, so that the valuation will be even higher!"

Lin Rongheng nodded and said, "Yes, but the news should be released in batches!"

why not?

I am currently cashing out, the higher the valuation, the more I will cash out, which will greatly exceed my original plan!

As for the stocks invested by Evergrande Real Estate and when to liquidate them, Lin Rongheng believes that February next year or the Hang Seng Index will rise to 2 points, which is more appropriate.

At that time, together with the principal, Evergrande Real Estate can withdraw funds of 2.5 million Hong Kong dollars.

Including the fund-raising funds, the total is 5 million Hong Kong dollars, which is enough for Evergrande Real Estate to buy bottoms from 1973 to 1974.

As for the rebuilding of commercial buildings, all of them will be completed with loans.

Wednesday, April 11.

Evergrande Real Estate officially issued an announcement: In view of factors such as real estate boom and rising rents, the company has formulated a "reconstruction plan for its commercial buildings". Evergrande Real Estate will spend six years rebuilding all of its 11 high-quality old commercial buildings High-rise high-quality commercial buildings.After the reconstruction is completed, it can be said that Evergrande Real Estate will provide 400 million square feet of rental properties, which can provide an annual profit of 1.6 million Hong Kong dollars.

At the same time, Evergrande Real Estate issued another announcement: Evergrande Real Estate issued 500 million new shares to the public at 50 Hong Kong dollars per share, raising 2.5 million Hong Kong dollars for the "reconstruction plan of its commercial buildings".

The announcement of Evergrande Real Estate is not at all part of the advertising war between Hongkong Land and Milk Company. The rental profit of 1.6 million Hong Kong dollars described by Evergrande Real Estate is a height that even Hongkong Land cannot reach.

Hongkong Land also has nearly 10 high-quality buildings in Central, covering an area much larger than Evergrande Real Estate. If the reconstruction can provide tens of millions of square feet of rental properties; but at this time Hongkong Land has not yet proposed the "Central Redevelopment Plan", then The move of Evergrande Real Estate naturally made the citizens of Xiangjiang think that, compared to courage, Evergrande Real Estate is bigger than Hongkong Land, and the company's prospects are naturally greater.

All of a sudden, stockholders applied one after another, and finally received twice as many applications; you must know that this is not a listing to raise funds.

There is a 99% chance that the funds raised through the listing will skyrocket, but this kind of issuance of new shares is more risky.

However, the market is at a crazy time, and Evergrande Real Estate has an excellent reputation and outstanding performance, which is naturally understandable.

Lin Rongheng was in the office of Evergrande Real Estate, counting the assets of Evergrande Real Estate.

The 18-square-foot shopping center in Galaxy Center is worth 1 million Hong Kong dollars. It is estimated that the annual rent in 1974 could reach 1500 million Hong Kong dollars. After deducting management fees, etc., the net profit should be 1200 million Hong Kong dollars; in the case of.The reason why the rate of return is so high is that the Galaxy Center was acquired by Evergrande Real Estate in the first half of this year, and it was developed by itself; and the rent fell by only 20% after the oil crisis, which is second to the property’s 30%. Less than 40% of the land.

中环五幢大厦、湾仔2幢大厦、铜锣湾2幢大厦、观塘1幢大厦，合计10幢大厦；再加上铜锣湾一幢危楼（地皮面积4万平方尺），这11幢物业价值在7亿港币。重建不可能一次性全部拆除，毕竟旧厦还可以提供租金。

The reserve land in the hands of Evergrande Real Estate is about 100 million square feet (including the second type of land exchange certificate), with a total value of about 2 million Hong Kong dollars. This land is naturally not worth mentioning, and it is not worth mentioning when it is compared with Cheung Kong Industrial and Sun Hung Kai in the middle and late 80s of the previous life. Tens of millions of square feet of land compared.

At least 2 million Hong Kong dollars can be withdrawn from the real estate under construction, which is worth 1973 million Hong Kong dollars; the stock market crash in Hong Kong began in March 3, but the real estate decline at that time was probably only 10%-15%; until the oil crisis came (1973 October Only in 10 will real estate real estate decline, with a decline of about 20%. Therefore, as long as the large number of real estate projects opened by Evergrande Real Estate in 1971 are packaged and released in the form of sales promotion, more funds will be withdrawn as much as possible. .

The market value of the stocks held by Evergrande Real Estate is 2 million Hong Kong dollars. If they cash out in February next year, it will be at least 2 million Hong Kong dollars. Adding the 2.5 million Hong Kong dollars raised recently, here is the asset value of 2.5 million Hong Kong dollars.Fundraising is not like a loan, which needs to be repaid, but only some dividends need to be paid, and even dividends may not be paid directly.

Finally, Evergrande Real Estate has only 1 million Hong Kong dollars in loans left, which needs to be deducted.

Therefore, the total assets of Evergrande Real Estate should be HK$16 billion.

Compared with Landmark, Evergrande Real Estate's assets are definitely not as rich as Landland.

At the beginning of the outbreak of the acquisition war, Hongkong Land announced that the company’s assets were 17.5 billion Hong Kong dollars, but recently it announced that the company’s assets were 32 billion Hong Kong dollars, a full increase of 14 billion Hong Kong dollars. It can be seen that people in this era can really brag at will.

Called the Evergrande Three Musketeers.

Lin Rongheng said: "The Lijing Building will be rebuilt first. You guys have finished the blueprint first. After I confirm it, I will plan to demolish and rebuild it!"

Wu Hao asked: "After the reconstruction, do we need to rename the building as the headquarters of Evergrande Real Estate?"

Lin Rongheng waved his hands and said, "The Li Jing Building covers an area of ​​only 2.9 square feet. After reconstruction, the building area will only be about 35 square feet, and the floors will not exceed 30 floors. This kind of building is the headquarters building of Evergrande Real Estate. , it’s a bit out of class. Of course, it can definitely be used as a temporary headquarters, as for the headquarters building, we’ll talk about it later!”

Name it 'Evergrande Building' now. If a better land is found in the future, wouldn't it be inconvenient to change the name of the building.

Moreover, Xiangjiang people have long been accustomed to the names of old buildings such as Li Jing Building and Universal Building, so it is better not to change their names, which is also a kind of respect.

The three nodded. If the boss dared to say this, he would certainly be able to find a more suitable site in Central.

(End of this chapter)