Hong Kong's new giants

Chapter 129 [Real Estate Adjustment] (Tip and update!)
end of June.

Lin Zuhui works in the office of New Era Real Estate, but the graceful figure of Li Jiaxin appears in his mind from time to time;
He finally knows now: Why did Liu in his previous life regret that he was so fun when he was young, this fucking hurts his body!

He decided to pay attention to his diet and try to play until he is 80 years old!

"Boss, everyone is here, it's time for a meeting!" The assistant came in and said respectfully.

"Okay, I'll be there soon!"

Lin Zuhui put aside the unhealthy thoughts in his mind, and decided to make more money while he was young.

When I get older in the future and the investment environment is not good, it will be difficult to make money at that time.

When they came to the meeting room, the executives of New Era Real Estate sat up straight, their eyes averted as Lin Zuhui moved.

Lin Zuhui came to the chairman's seat and said seriously: "The meeting has begun! Director Liang will report to everyone—the company's situation!"

Liang Zhenxun nodded. He was well prepared and knew all kinds of company information by heart. This is the style of catering to the boss, and the efficiency of the meeting must be high.

"Currently, the revaluation of New Era Real Estate's internal assets is 16.5 billion, the debt is 5.12 million, and the debt ratio is 71%. There are seven real estate projects under development under its umbrella, with a residential area of ​​1300 square feet and more than 62 residential units. The asset value of rental properties accounts for 13.9% of the company, and the rental properties are scattered and complex, with high operating costs. The company's land reserves are at an average level among medium-sized real estate developers. The company's current market value is 25 billion, and it has already been listed on the list of Heung Kong Real Estate No. [-] in the company and growing rapidly."

After listening to Liang Zhenxun's words, some executives wanted to clap their hands happily, but seeing Lin Zuhui's expression, they knew it was not the right time.

Lin Zuhui followed the notebook with one hand and held a pen in the other, and said calmly, "Let's talk about the company's current problems!"

Today's meeting is not here to sing praises. He has already found that the potential of real estate in the new era is insufficient, and there are some outstanding problems.Because he has high requirements for real estate in the new era, he will never be satisfied with being a medium-sized real estate developer.

Chen Bin took the lead and said: "Let me talk about the issue of property development! Although New Era Real Estate has seven sites under development this year, which is considered an upper level among medium-sized real estate developers, our company's land reserves and old buildings are insufficient. The general direction of the company is the developer, so we need to start increasing the land bank now. The lower the cost of land, the lower the cost of developing buildings, and we will be more competitive in the future.”

This involves a general direction. Chen Bin also said that it depends on whether the boss wants to focus on rent collection or development of the site!

Lin Zuhui nodded, but did not express his opinion.

At this time, Gao Yi also said: "The company's rental properties also have some problems: the proportion of shopping malls and office buildings is insufficient, the proportion of residential buildings is too large, the value of individual properties is low and scattered, and the operating costs are high. We can try to sell some residential properties. , to increase the company’s land bank.”

Gao Yi did not disregard the overall situation of the company because he was in charge of the rental property.

Next, the remaining executives also spoke one after another, looking for faults with the company!

After listening to everyone's speech, Lin Zuhui said with a smile:

"It seems that today's meeting was held in a timely manner, and many problems of the company were identified! What everyone said is very reasonable, and it is just time for us to formulate the following development strategy for next year."

"First of all, I will contact various banks to provide about 2 million loans in the near future. We want to increase the company's land bank. Although the current price seems to have increased a lot, compared to one year later, two years later, we will buy today property, it is quite a bargain.”

Lin Zuhui's first move was Wang Zhan. Now that the real estate developers in Xiangjiang have just experienced a sharp drop in real estate, no real estate company dares to have a debt ratio close to [-]%.

But Lin Zuhui dared, because he knew that there would be no big plunge in the future;
After the '10 stock market disaster', the overall real estate fell by 15% to [-]%, and the New Territories land exchange certificate fell by [-]%;

After the '**** stock market crash', real estate fell by 25% to 30% as a whole, but it rebounded in less than a year (it took almost four years for the 82 plunge to rebound, and the period was sluggish for more than two years).

To sum up, without the 1982 crash of more than 40%, the [-]% debt ratio is completely acceptable, and even [-]% would not go bankrupt.Of course, the premise is that the bank is willing to borrow, which requires some rhetoric.

"Secondly, I plan to clean up a number of residential properties and properties with poor rent collection performance in February next year (1986), and withdraw about 2 million funds."

The second is very necessary. New Era Real Estate has taken over a batch of properties with poor rent collection performance just from Weiyi Real Estate (the property itself has increased in value and made a small amount of profit). Rental properties (scattered, mainly residential), cleaning up these rent-collecting properties can not only withdraw [-] million yuan of funds, but also reduce the company's operating costs, and finally make a lot of money.

"Finally, after New Year's Day, we will start to sell our residential properties in small batches. You must complete the formalities."

Everyone nodded in agreement, and wrote down the boss's speech in their notebooks.

After the meeting was over, Lin Zuhui was still thinking about New Era Real Estate. After New Era Real Estate cleaned up the rent-collecting properties in February, it had to clear some properties in the second half of the year to buy land and reduce rent-collecting properties.

As long as it was before May 1987, it was worth buying land and old buildings to increase the company's land reserve.

The reason why New Era Real Estate reduced the pounds to collect rented properties was because Lin Zuhui knew that he could reap the benefits of Huaren Real Estate.At that time, a parent company will focus on real estate development, and its subsidiary Huazhi will focus on rent-collecting properties. As for China Entertainment, it will be privatized after the August [-]th disaster.

Lin Zuhui himself negotiated loans with the bank, and one of the biggest advantages is that the bank actually looks at the person first, then the company's development prospects, and finally decides whether to loan or not.

In the eyes of bankers, an excellent leader determines the company's prospects, so they are willing to lend to an excellent leader.

Lin Zuhui is not only the chairman of the listed company New Era Real Estate, but now he has added another title-the chairman of the listed company Wanhui Media.

The current market value of Wanhui Media is 4 million, and the annual profit scale can reach more than 4000 million. It is second only to Sing Tao Group (8000 million annual profit), Ming Pao Group (6500 million annual profit) and Yulang Group (4800 million) in the Hong Kong media industry. Annual profit, unlisted), similar to Oriental Press (annual profit of 4000 million), higher than Tiantian Newspaper (annual profit of 1500 million).

This is because although Oriental Newspaper and Tiantian Newspaper have extremely high sales volume, such popular newspapers do not make money and cannot attract advertisers.

And Wanhui Media's GOOD card can reach a monthly net profit of 100 million, not to mention "FHM" and "GOOD" magazines are popular with advertisers, which can be called money-absorbing weapons.

Bank of East Asia.

Lin Zuhui came to Li Guobao's office to discuss loan matters.

The reason why he loves the Bank of East Asia loan is because he wants to make friends with Li Guobao; at that time, when he buys Chinese real estate, he will be betrayed by his father Li Fushu.

"Mr. Lin, I took a look at the information you submitted yesterday! I found out that your New Era Real Estate's non-recurring profit this year is 1.5 million yuan. This somewhat surprises me!"

炒楼花的那一笔，也被划为非经常性盈利。所以就是狙击爱美高0.23亿、做空美元/日元0.36亿（241点下跌至213点）、狙击大生地产0.36亿、炒楼花0.5亿，总计1.45亿的非经常性盈利。

Lin Zuhui nodded and said: "At the beginning of development, we had no choice but to take such a risky investment. At present, our company is adjusting its strategy, which is to shift the focus to property development. This debt is to increase the land reserve. In order to alleviate the Under pressure from the company, next year we will gradually sell some properties with poor rental performance and start selling off-plan residential properties.”

Li Guobao praised: "Mr. Lin is not at a loss for the new tycoon in the business world. I also agree with this strategic layout. As the largest creditor bank and cooperative ally of New Era Real Estate, we approved your 12 million loan this time, with interest [-] per cent."

Lin Zuhui quickly expressed his thanks. It is obviously very good news that the Bank of East Asia can undertake half of the loans at one time.

"Don't worry, Mr. Li, as soon as the loan arrives, we will immediately buy high-quality land and old buildings, and we will not make other investment projects!"

The two chatted for a while, then Lin Zuhui got up to leave. He didn't dare to say that he would invite Li Guobao's father to dinner or something, so as not to startle the snake.

For the 5000 million loan project of New Era Real Estate, he took the initiative to contact the Bank of China, and he got a loan of [-] million very smoothly; getting the loan came second. After all, New Era Real Estate has many options, mainly because Lin Zuhui plans to start and cooperate in Hong Kong. contact with Chinese-funded banks and Chinese-funded companies to prepare for entering the mainland.

As for the remaining 5000 million funds, two small banks were divided into loans.

The 2 million combined loan was negotiated on the last day of 1985. Lin Zuhui was a little proud of his charm.

He probably knows the thinking of these bankers. He used to think that being young was a disadvantage, but once you made great achievements, those people changed their minds one after another.

After all, if you are young and have made some achievements, they think it may be good luck; once you own two listed companies, the total market value has approached 20 billion (18 billion), those people will think you are a genius, you are a business wizard.

They no longer have any worries, and they are all optimistic about Lin Zuhui. At this time, youth has become an advantage again.

On the last day of 1985, Lin Zuhui was in the office of New Times Real Estate, feeling a little emotional.

The success of Wanhui Media is due to the fact that he stole the ideas of his predecessors. It just so happened that "FHM" and "GOOD" magazines broke into the virgin land again, becoming the first to eat crabs and occupy the first place. up the market.If he is asked to run a daily newspaper, there is a high probability that it will be a waste of time.

The success of real estate in the new era, in addition to the experience of his predecessors, he also has the help of contacts, familiarity with future real estate development, and most importantly, his advanced information.For example, by sniping at Amerigo, he got 2300 million from Liu; for example, he shorted USD/JPY and made a profit of another 3600 million.

　grateful:
　　'Only Feitianxiang' tipped 10000 rewards

　　'Don't do it there' is a reward of 8000 rewards

　　1500 Rewards for 'Steel Straight Man, Big Troll Phineas'

　　3426 awards for 'Zhang Peng 100''

　　100 prizes for 'Mei Xi, Muscular Man'

　　'The sun is like a fire' has given many rewards
　　100 rewards for 'Hero Gun'

　　100 Rewards for 'Don't Perfuse Le'

　　
　　There are four more tonight!

　　This time the opponent is the White Pink Horse Family!

　　
　
(End of this chapter)