Hong Kong's new giants

Chapter 117 [New backer] (1900 first order! Add another chapter! 4000 words!)

Monday, October 10.

Lin Zuhui sat in the office of New Times Real Estate, checking the properties of the company.

"It's still too complicated. They are all small high-quality properties, and there are too few large-scale high-quality assets, which is inconvenient to manage!" He muttered to himself.

But there is no way around it. The real high-quality assets in his mind are undoubtedly office buildings in units of "blocks" and large shopping malls in units of "units". These are the real rent-collecting tools.

But there is no need to worry, these high-quality investments have not really developed even in the hands of the four major families, Xiangjiang still has many opportunities for him.

Some examples:

He vaguely remembered that Sun Hung Kai owned a network of 90 shopping malls in the mid-to-late 30s in its previous life, including New Town Plaza Phase II and Phase III, New Tuen Mun Plaza, Metropolis Plaza, Tsuen Wan Plaza, and so on.At present, Sun Hung Kai has only developed the first phase of the new city (Sha Tin), and there are not many comprehensive shopping malls in its hands.

For Plaza Hollywood in Diamond Hill, a subsidiary of the Wharf Group, the Hong Kong government has not invited bids for the 'Diamond Hill' land king;
The land of the famous Central Plaza has not yet been released
This shows that there are still many opportunities for rental properties in Xiangjiang!

And what he has to do is to strengthen the strength of New Era Real Estate and grab these properties when the time comes.

If you want to strengthen the strength of a company, it is undoubtedly to form a consortium through the acquisition of high-quality listed companies;
For example, in the previous life of Ai Mei Gao, Liu's strength has doubled in an instant through the acquisition of Huazhi and China Entertainment;
The reason is simple. The rights issue was originally funded by one company, but now it can be provided by three companies, and the strength has multiplied several times.

"Let's develop in a low-key manner for a while!" Lin Zuhui put down the materials and sighed again.

This time he gained a lot of limelight, although the main acquirers were the Qiu Degen family and the Ma family; but Lin Zuhui's participation in the acquisition of an old real estate company is an outstanding achievement in itself.

Chen Bin, the director in charge of real estate development (sales), came to his office respectfully. The entire company staff of New Era Real Estate, who doesn't admire their boss.

The non-recurring profit of New Era Real Estate this year is as high as nearly [-] million yuan, which is really impressive!
The so-called non-recurring profit literally means income that is unexpected by the company itself.

"Boss, the two properties in Ping Shan and Yuen Long in the New Territories are already available for sale! I want to ask what you mean?"

Lin Zuhui said without hesitation: "No, we don't sell off-plan properties! There are not many real estate developments in New Era Real Estate, so we don't need to worry about not being able to sell them like large real estate developers. In the first half of next year, we will directly sell off-plan properties, and the return of funds will be even greater. , sell at a higher price!"

New Era Real Estate has a large proportion of rent-collecting properties, mainly because the company’s strength in real estate development is still in the accumulation stage; in fact, large real estate developers all pay attention to the rotation of goods, that is, they mainly focus on development properties (sales), and the proportion of rent-collecting properties No more than [-]%.

This Lin Zuhui has already made arrangements. After the acquisition of Huazhi and China Entertainment, he will immediately make adjustments to New Era Real Estate. This is called structural reorganization.

"Okay, I see!" Chen Bin nodded and said.

He is a very pragmatic person. Although New Era Real Estate currently only has seven sites under development, he does his work very carefully, which reassures Lin Zuhui.

In fact, New Era Real Estate is not weak in property development. They were originally small real estate developers, but they have seven sites under development in their hands, including a medium-sized site (Pokfulam Site) under development. The business is considered the best.

But now is the time to accumulate background, there is no need to classify yourself as a medium-sized real estate developer.

There was a lot of work in the morning, and Lin Zuhui listened to Liang Zhenxun's acquisition of properties (2 million rights issue fundraising), and Gao Yi's progress on the sale of properties by Weiyi Real Estate to New Era Real Estate.

This time, Weiyi Real Estate (the shell company of Wanhui Publishing House) sold about 6000 million properties to New Era Real Estate, and the funds that New Era Real Estate returned from the Dasheng Real Estate acquisition battle happened to be used to pay Weiyi Real Estate.

In this way, the asset value of New Era Real Estate at the end of 1985 will reach about 15 billion, and the debt will be more than 5 million.

What an impressive result!
To sum it up:

New Era Real Estate raised about 4 million in the stock market this year, and all of them were bought into properties, which are expected to be worth 5 million by the end of the year;
When Lin Zuhui took over New Era Real Estate, the property assets were 1.6 million yuan, and then appreciated by about 2.2%, and the value at the end of the year was [-] million yuan;
With bank loans plus non-recurring profits, the value of the property purchased is around 5 million;
Coupled with the appreciation of real estate and uncompleted properties, it is about 2 million yuan.

Therefore, the asset value is 15 billion, which can barely be reached by the end of the year.

In 10 months, the book assets have nearly doubled, which is two months earlier than Luo Xurui's performance in managing Century City in his previous life.

Moreover, Luo Xurui turned from 5000 million assets to 5 million assets, and Lin Zuhui turned 1.6 million assets to 15 billion assets. The difficulty is not the same.

In fact, this kind of achievement is not a myth. After all, Lin Zuhui personally took out 1.1 million real money to inject capital into New Era Real Estate, including the first cash injection of 4000, and the subsequent rights issue to raise funds of about 7000 million.Wang Qilin also took out two pieces of high-quality land and injected them into New Era Real Estate.

After all, it’s hard for a smart woman to cook without rice, no money to invest in, no matter how strong the skills are, it’s useless, no matter how good the environment is, it’s half the effort.

New Era Real Estate still has a problem, that is, the net profit is not high after excluding non-recurring profits; the reasons are: high bank interest (swallowing profits), low income from real estate development (no income yet), and heavy reliance on rent collection.

The assets of New Era Real Estate are outstanding, which is reflected in the appreciation of the company's assets. However, although the assets have increased in value, they are all rent-collecting properties after all. If they are not sold, the profits will naturally be less. Costs, property maintenance costs, taxes, etc., are not the amount of rent you collect, but your net profit.

"Forget it, after the company's adjustment next year, there will be no such troubles! At least this year, there will be nearly [-] million non-recurring profits, and the annual report in March next year must be very impressive!"

"Not only that, before March, New Era Real Estate will sell the batch of uncompleted properties, and it is expected to make a profit of 70 million yuan, which is also an impressive achievement!"

Lin Zuhui closed his eyes slowly, thinking about next year's affairs in his heart, he must have a long-term vision in real estate.

One of the important reasons why Sun Hung Kai Properties is so good, even surpassed Cheung Kong (market value) in the 90s, is that it owns the "Xiangjiang No. The annual statistical cost is less than 80 yuan per square foot, totaling 1984 million square feet), which led to high profitability of the later development site.

Next year, New Era Real Estate will begin to change its strategy—strengthen the development of properties and reduce rental properties, and Chinese Real Estate is its own rental company.

By the way, after the acquisition of Huaren Real Estate, Lin Zuhui has to start preparing to enter the mainland real estate industry.

On the same day, Ma Qingwei, the chairman of Dasheng Real Estate, announced at the media meeting that the Ma family has owned more than 51% of the equity of Dasheng Real Estate, and the Ma family has won a big victory.

At the same time, Macdarson Securities and New Era Real Estate also issued a statement through the financial company, officially abandoning the acquisition of Dasheng Real Estate, and transferred part of the shares they held to the Ma family.

The media have speculated that this time, Metason Securities and New Era Real Estate made a profit of more than 8000 million, making them a big hit.

New Times Real Estate did not announce its profit this time, but the stock price was still stimulated, rising from 2.52 yuan to 2.68 yuan that day.

In this acquisition battle, New Era Real Estate played a supporting role, but in the end it was the most favored by the media, and various rumors were flying everywhere, which Lin Zuhui did not expect.

Fortunately, if there are too many rumors, even if some things are true, they are really rumors!
Deep Water Bay Golf Course is part of the Royal Hong Kong Golf Club.After the club returned, the word "Royal" was removed.

At present, the Royal Hong Kong Golf Club has two courses, one is the Fanling 18-par course, and the other is the Deep Water Bay 9-par course; among them, the Deep Water Bay Golf Club is a branch of the Royal Hong Kong Golf Club.

Lin Zuhui is not a member of the Royal Hong Kong Golf Club. Although he is well-known, he has developed too fast. Currently, he is not a member of the Jockey Club or the Golf Club, but he is in the queue to apply.

A few days ago, he wanted to have a gathering with Zheng Yutong, a fellow from Shunde, but Sha Dantong took the initiative to hold the party at the Deep Water Bay Golf Course.The two met twice at various parties, but they were just nodding acquaintances.

Lin Zuhui recently felt that his career would sooner or later develop in Southeast Asia, Europe and the United States, so he wanted to find another backer to take him to invest in Southeast Asia, Singapore, Canada, and the United States in the future.

It is inevitable to find a backer. When Liu bought Huazhi in his previous life, his fellow villager Li Chaoren also invested in him; this fully shows that this kind of fellow is still reliable.And Sha Dantong likes to play with the juniors even more, and he is the most famous "big D club" in later generations.

In an interview with Da Liu in his previous life, he said, "I seldom talk about business with Brother Tong, and Brother Tong will often teach himself the principles of life, and interviews like 'less angry' show that Sha Dantong is still very supportive of his juniors."

"Uncle Tong, you are in good mental and physical condition!" Lin Zuhui greeted warmly as soon as they met.

Sha Dantong seemed very happy to hear this sentence, held Lin Zuhui's hand, and said: "Recently, I have been strengthening my daily diet and exercise, and I do not eat delicacies with high cholesterol, but instead eat seafood, vegetables, and fruits. Every day at 12 o'clock Go home and rest on time! How is it? Compared to when we first met, are you much better mentally and physically?"

Believe me, what a ghost, there are news in later generations that you often hoe big D at night and have a great time with a group of friends.

The reason why he is like this now is because his friends Feng Jingxi and Yang Zhiyun both fell ill and died this year, so he was frightened; after a while, he might not be able to help playing again, after all, as he said, "I like watching pretty girls the most." '.Later, Zhou Cuiying directly complained to Zheng Yutong that "he doesn't want to play with me now, he just wants to be with his girlfriend".

Lin Zuhui naturally followed the wishes of his new backer and said, "It has changed a lot, but it's the first time I saw you, and your health is also very good!"

The two were not in a hurry to play golf, but had afternoon tea in the lounge of the clubhouse.

Seeing that Lin Zuhui took the initiative to ask him out, Sha Dantong was also very happy to meet his little fellow, and the words were quite close.The main thing is that Lin Zuhui's work and achievements are enough to impress these older business leaders.

"Recently, you are very popular, I often see news about you, and I feel that you are awesome!"

Sha Dantong sighed that the young people are awesome, but he is the only one of the four major families who has not acquired other listed companies. As he said, "acquisition of a company that others have worked so hard to create is to steal people's money." He is a very conservative businessman; He can have today's development, Chow Tai Fook is a foundation, New World Center is a peak, and today's Convention and Exhibition Center will be another peak.

Li Zhaoji is also fine. Neither China Gas nor the Miramar Hotel took the initiative to acquire it.

Although Lin Zuhui admired these two people, his style is the style of doing business in the new era, so naturally he would not learn from it.

If he needs to snipe, he will snipe, if he needs to buy, he will buy, until he is strong enough, he will not be a bad guy.

"It's all media exaggeration. This time I was invited to participate in the shares, and they insisted that I was the leader!"

"You are young, you have news material to write about!"

"I can't compare with Brother Jiachun in this regard. He is low-key, doesn't like to show off, works conscientiously, and has the boldness of a ghost!"

"No matter how much you boast, he is not as good as you! Of course, Jiachun is very suitable to take over my class. When we are at our level, we have to defend first and then attack!"

The two chatted very well, and they didn't seem to shy away from anything. Zheng Yutong even mentioned the "successor".

But Lin Zuhui didn't take it seriously in his heart, and said in his heart, "After Zheng Jiachun took power, you, I, will know that he is just suppressed by you; once he is released, it will be terrible. He will invest heavily, make big acquisitions, and even buy Wing On Group with hostility." , and finally led to high debts in the new world, if you hadn't re-started, the new world would be in jeopardy'

The two sat for a while, and then went to play golf. Lin Zuhui's skills are very good, and he often played with Wang Qilin in the past.Every time he played golf, he couldn't help but think of Guan Jiahui in his heart, but he didn't change his mind, it was purely that the rumor was so hateful that he couldn't help but think of it.

That day, the two were just chatting, there was really no need to discuss business, after all, it was the first real contact.

If Lin Zuhui wins Huazhi and China Entertainment, Liu will definitely find a new real estate company to attack next year. After all, his Amergo is an industrial stock. If he wants to enter the real estate industry, he can only buy a real estate company.

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(End of this chapter)