Reborn in Hong Kong as a Tycoon

Chapter 85

When reporters from all walks of life in Xiangjiang were investigating Lin Baicheng's background and wanted to expose more information about him, he himself had already come to RB.

On the second day after coming to RB, Lin Baicheng and Haruko Mori went to the comic publishing company to complete the equity transfer transaction with the shareholders of the comic publishing company.This manga publishing company has more than one shareholder, but Haruko Mori has already negotiated the price with all the shareholders, and now it only needs to sign the transfer contract.

Lin Baicheng bought this manga publishing company, which was valued at 18 billion to 19 billion yen in the valuation of the survey company, at a price of 21 billion yen, a premium of less than 20%, which is a fairly reasonable figure.After all, this company is only experiencing operational problems, not about to go bankrupt, and it is normal to have a premium.

After signing the contract and paying the bill, the company belongs to Lin Baicheng.

The original shareholders of the comic publishing company all left after completing the transaction, leaving only Lin Baicheng, Mori Haruko and the hired temporary lawyer in the conference room.

"Haruko, when you send someone to complete the company ownership registration, remember to change the company's name to Zhiyin Comics Publishing Company."

"Yes, Chairman."

Haruko Mori responded.

"About the president of Zhiyin Comic, who do you think is the most suitable position among the company's three current directors? Or, we need to recruit someone else to find a president for this company from outside?"

Lin Baicheng asked aloud, as his assistant, Haruko Mori knew much more about this company than he did.The information given to him by the investigation company at the beginning was only rough information related to the company's valuation, not that detailed.

Haruko Mori did not answer directly, but said: "Chairman, there is no problem with the company's comic publishing business. It is developing very well and can bring considerable profits to the company every year. The three ministers of the company The abilities are very good, who is more suitable to be the president, the chairman, you can meet them separately, listen to their views on the company's development, and then make a decision before it's too late."

"Is that so? It seems that it is better to promote internally to avoid the loss of talents."

Lin Baicheng nodded when he heard the words, and then asked in puzzlement: "Qingzi, since this company is doing well in the comic publishing business and making a lot of profits every year, what is the problem with this company? I read the survey The company's report said that the company's original president and some shareholders had investment problems, so they wanted to sell the company, will this affect our future development of the company?"

"Chairman, I have investigated all of these."

Haruko Mori replied: "In 72, Prime Minister Tanaka proposed the "Islands Reconstruction Plan", coupled with the loose financial policy at that time, led to a sharp rise in land prices and house prices in the three years from 72 to 74, and the peak period of increase Nearly double."

"However, there is a lot of bubbles in it. In 75, the bubbles began to be punctured, and housing prices began to fall. Taking a house of 30 ping (1 ping equals about 3.3 square meters) in the central area of ​​Tokyo as an example, the highest peak in 74 It used to cost 2000 million yen at the time, but now it only costs 1700 million yen, an average annual drop of 100 million yen for a suite.”

"At that time, when the house price was soaring, it was very profitable to enter the real estate industry. The house price was once a week, and the assets continued to rise."

"In this fiery atmosphere, many people entered the real estate industry. Ogasawara-san and the others entered the real estate industry under such circumstances, and they entered almost at the peak of the bubble."

"At that time, Ogasawara-san not only invested all his net worth, but also borrowed 20 billion yen from the bank in the name of the company with several shareholders to buy real estate, hoping to wait for the appreciation. It's a pity that he bought it for 20 billion yen at the beginning. The real estate that I bought is now only worth 17 billion yen."

"Not only does the real estate depreciate, because it is a loan to buy real estate, the company also has to pay interest on the loan every year. Fortunately, the interest was not high when the loan was originally taken, and the annual interest was only 6% per year, which is 1.2 million yen per year. interest."

"The annual manga publishing business can bring about 1.5 million yen in profits to the company, which is enough to offset the bank's interest, but after paying employees' wages and other expenses, there is almost no money left."

"Ogasawara-san and the others were worried that housing prices would continue to fall, and they couldn't hold on after a few years, so they sold the company."

"Chairman, you said that you are optimistic about RB's real estate development, and you can use bank loans to develop the company, so I chose this company."

After hearing Haruko Mori's words, Lin Baicheng couldn't help but feel sorry for the former president of the company, Ogasawara.Their behavior, if they are placed in the stock market, is to buy at the highest point, and then cut their flesh and leave the market almost at the lowest point. The standard retail investor behavior, after a few years, they will have to vomit blood after knowing the truth.

Lin Baicheng doesn't know whether RB's land price will fall in the next two years, but even if it will, in his opinion, after two or three years of decline, the room for decline is limited, and there is no place to fall.Entering the real estate industry during this time period can almost be said to be bargain hunting.

Lin Baicheng was a little puzzled: "By the way, the company's market value is only about 20 billion yen. How did they get so much 20 billion yen from the bank loan?"

Haruko Mori replied: "Chairman, in 74, the company's valuation was around 25 billion yen, so it was only possible to get a loan of 20 billion yen."

"I said."

Only then did Lin Baicheng realize that banks are not philanthropists, and they usually don’t give loans equal to the collateral. What they worry about is that the collateral will depreciate, and then the bank will have bad debts.There is a loan with an [-]% valuation, which is already a high loan ratio.

"Chairman."

After looking at Lin Baicheng, Haruko Mori, as an assistant, reminded: "At present, the land price of RB in China is still being adjusted. No one knows how long it will take to adjust, and how much room for decline. It’s possible to be worth only 15 billion yen. The company’s comic publishing business is developing well, and I think it would be better to use the funds to expand the company’s main business.”

"Don't worry about this. I bought the comic publishing company because I was optimistic about this industry. I will definitely develop the company's main business."

Lin Baicheng nodded with a smile when he heard the words, but he didn't mean to sell the real estate. No one knew better than him the crazy price of 80sRB.

"It just so happens that the development fund I provided for the comic publishing company was 1 million Hong Kong dollars, which is 50 billion yen. Today, it took 21 billion yen to acquire this company, and there are nearly 30 billion yen left. This money is enough Let’s grow the company.”

Hearing what Lin Baicheng said, Haruko Moori didn't say anything else, she was just giving advice out of her assistant's duties, and it was Lin Baicheng, the boss, who made the specific decision.

　(Thanks to 'Xiaoyaoゥ天下' for the big 500-point reward and support!!!)

　　
　
(End of this chapter)