Rebirth: The Era of Hong Kong Tycoon

Chapter 238 [Summary]

Time flies, and it is another year in a blink of an eye.

At the beginning of January 1976, the annual financial statements of Evergrande Real Estate had arrived in the hands of Lin Rongheng, and it was undoubtedly another bumper year.

Last year (1975), the total net profit of Evergrande Real Estate was 1.2 million Hong Kong dollars, of which the net profit of developing real estate was 9600 million Hong Kong dollars, and the net profit of rental properties was 2400 million Hong Kong dollars.The net profit of real estate development is the first increase after the stock market disaster, and the rental property is flat compared with last year due to the reconstruction of commercial buildings.

According to Lin Rongheng's guess, the net profit of Evergrande Real Estate this year is almost the sum of Cheung Kong, New World and Hang Lung Properties.

It can be said that Changjiang Industrial in this life is no longer a cause for concern. Without the high-quality assets such as Lijing Building, Global Building, Zhongliancheng Building, the former site of British American Tobacco, Saixi Lake, and Huarenhang, coupled with the development of Evergrande Real Estate Due to the property squeeze, Cheung Kong has lost at least [-]% of its strength (the same investment funds, different projects, and different profits and reputations).

If the property development rights of the following subway stations—Central Station and Admiralty Station—are won by Evergrande Real Estate; then, it is impossible for Li Chaoren to get the support of HSBC to compete for Hutchison Whampoa; and the future development potential of Cheung Kong , even worse than Sun Hung Kai and New World, I am afraid it can only be compared with Henderson and Hang Lung.

At present, Lin Rongheng's territory in the real estate field is: Evergrande Holdings holds 51% of Evergrande Real Estate shares, and Evergrande Holdings holds 100% of Evergrande Real Estate shares.

In this way, Evergrande Holdings is equivalent to the Lin family, and Evergrande Real Estate is the private real estate company of the Lin family.

Evergrande Real Estate (listed) is another huge real estate group company. It has two listed real estate companies——Qide Real Estate and Taoda Real Estate. It also has many subsidiaries and grandchildren——Evergrande Construction and Evergrande Design Institute , Evergrande Building Materials, and Evergrande Finance (providing installment payment services for some house buyers) have more than 60 descendants.

Of course, this is just the current organizational structure. Evergrande Real Estate will acquire Qingzhou Yingni, Hongkong Electric, and Hutchison Whampoa. After the acquisition is completed, Evergrande Real Estate will carry out reorganization.

For example: After the acquisition of Hong Kong Electric, Evergrande Real Estate will form 'Evergrande Infrastructure'.Evergrande Infrastructure will hold about 40% of the shares of Hongkong Electric, and Evergrande Infrastructure will unite its subsidiary, Hongkong Electric, to invest overseas in Australia, Canada, the United Kingdom and other countries-power distribution networks, natural gas distribution, transportation and water processing and other businesses; Evergrande Infrastructure will also hold more than 40% of the shares of Qingzhou Yingni, and will also do privatization during Sino-British negotiations; in addition, Evergrande Building Materials will also be merged into Evergrande Infrastructure and continue to Businesses include cement, concrete, lime, stone and asphalt.

For example: After the acquisition of Hutchison Whampoa, Evergrande Real Estate will hold 49.99% of Hutchison Whampoa.In the future, Hutchison Whampoa will operate independently. Its core businesses include ports and related services, real estate and hotels, retail, energy, infrastructure, investment and others, and telecommunications.Lin Rongheng will even sell his retail group to Hutchison Whampoa, as well as Evergrande Infrastructure and China Gas to Hutchison Whampoa. Hutchison Whampoa will develop into a Fortune 500 company in the future, and the ranking will be even higher. kind of.

After a few reorganizations, the structure becomes:

Evergrande Holdings (Lin Family)——Evergrande Real Estate, Evergrande Real Estate, Wharf Group
Evergrande Real Estate (real estate, hotel) - Hutchison Whampoa, Evergrande Life Sciences, Evergrande Hotel Management

Hutchison Whampoa (real estate, hotels) - Hutchison Retail (Watsons, Yonghui, 7-11 convenience stores, Red Bull, etc.), Hutchison Port Road (ports and services, etc.), Hutchison Telecom (communication network and equipment sales) , Hutchison Energy (oil, natural gas, gas, chemical and other energy businesses), Evergrande Infrastructure (infrastructure investment, power supply)
It is similar to the structure of Changjiang Industrial under the control of Li Chaoren in the previous life. The difference is that there is no TOM Group (media), and the Evergrande Real Estate under the control of Lin Rongheng is far stronger than the Changjiang Industrial (previous life) under the control of Li Chaoren.

With the current strength of Evergrande Real Estate, it is obviously easy to acquire Hutchison Whampoa, Hong Kong Electric, Qingzhou Yingni, and China Gas.

If Qingzhou Yingni is acquired first, Evergrande Real Estate will use cash to acquire the shares held by Lin Rongheng first, and then initiate an acquisition war with cash or stock swaps; as for cash, it can be raised through stock market, company net profit, bank loans. All kinds of ways can be used solve.

Because the market value of Evergrande Real Estate is greater than the total market value of Hutchison Whampoa, Hongkong Electric, Qingzhou Yingni, and China Gas, it is naturally easy to acquire, not to mention Evergrande Real Estate has super profitability.

Inviting the Three Musketeers of Evergrande, Lin Rongheng said: "All the company's profits must be invested in new real estate businesses. Not only that, the company does not need to consider interest on loans, and must rely heavily on loans to grow itself."

The three of them agreed one after another, knowing that Evergrande Real Estate would continue the operation of the previous wave of market conditions.

However, there are also differences. In the last wave of the market, the highest debt ratio of Evergrande Real Estate was more than 5%. Once the real estate crisis broke out at that time, Evergrande would go bankrupt immediately.

Now that the net asset value of Evergrande Real Estate is as high as more than 30 billion Hong Kong dollars, it is basically impossible for the debt ratio to reach 6%. Real estate can also generate a lot of income.

After participating in an irresistible entertainment, Lin Rongheng came to Zhao Yazhi's residence in the mid-level area, and it was already 10 o'clock in the evening.

At this time, there are still many old-fashioned bungalows in the mid-level area, but they cannot escape the fate of being demolished and built high-rise buildings in the end; the entire northern part of the island, in the 21st century, is extremely rare. Villas exist; if the island is divided into north and south sections, the south It is the place where luxury houses and villas are concentrated. Of course, there are also a large number of villas and luxury houses on the top of the mountain, and high-rise buildings to the north.

After the car drove into the yard, Lin Rongheng got out of the car and walked towards the villa. As soon as he reached the door, Zhao Yazhi had already appeared.

Seeing that Zhao Yazhi was wearing thin clothes, Lin Rongheng asked concerned: "Why are you wearing so little, haven't you slept yet?"

When Zhao Yazhi saw Lin Rongheng, his sleepy face brightened instantly, and he said, "I fell asleep in the living room downstairs, and Aunt Feng even covered me with a blanket!"

It's normal to fall asleep, Zhao Yazhi is currently filming "Yi Tian Tu Long Ji", so it's naturally a bit hard;

And this series happened to become the signature series of New Year's Asia TV, with extremely high ratings.

"Book and Sword Enmity Record", "Yi Tian Shou Long Ji", "Chu Liu Xiang", in the previous life, it was Zheng Shaoqiu's classic drama series for three consecutive years, each of which was popular in Hong Kong, Southeast Asia, and even broadcast on TV stations in the United States and Canada; In this life, at the beginning of its establishment, Asia Television had signed a filming contract with the author of the novel, and stipulated that within 10 years, other television stations were not allowed to purchase copyrights to shoot drama series, so naturally there was no need for Shaw Brothers to rush to shoot.

Filming two major dramas in a row within a year is hard work for the production staff and actors, but for Asia TV to gain a firm foothold, it is natural to work hard.As for Chu Liuxiang, it was filmed around the end of 1976.

In view of Zhao Yazhi's friendship waiting for him in the living room, Lin Rongheng decided to give him some sugar-coated cannonballs, and said with a smile, "Would you like to go out for supper? You choose a place!"

Hearing this, Zhao Yazhi didn't feel sleepy at all, what she was up to was not supper, but Lin Rongheng going out with her.

"I want to eat at a food stall, okay?"

Zhao Yazhi's eyes were full of hope, as if this was a very extravagant request.

Seeing this, Lin Rongheng said, "Why not? Do you think I'm the kind of person who only eats at high-end restaurants?"

Since the two dated, Lin Rongheng had indeed only taken Zhao Yazhi to high-end restaurants.

Zhao Yazhi nodded, and said honestly, "I always thought you were like that!"

Lin Rongheng smiled and said: "Don't think of me so rigidly, I'm not a very picky person, it seems that in the future when we date, we have to give the initiative to you, I will go there if you let me go, how about it ?”

Zhao Yazhi was immediately overjoyed. All along, she thought that Lin Rongheng was the kind of person who socialized a lot and only socialized with high-ranking officials, and only ate at high-end restaurants.

That night, Lin Rongheng and Zhao Yazhi went to eat food stalls and visit the night market, and only brought two bodyguards with them.
(End of this chapter)