Hong Kong's new giants

Chapter 184 Chapter 205~206 [When a barbarian knocks on the door] (Please subscribe!)

After the Spring Festival, Lin Zuhui quickly devoted himself to work. This year (1987) is a crucial year for him. As long as everything goes well, his financial status will reach the level of the top ten chaebols, even the top chaebols.

In this way, Lin Zuhui can consider developing overseas or inland next year (1988); not only that, as long as he does a good job in this year's career, Lin Zuhui will have more time to enjoy life in the future.

February 2rd (the sixth day), Tuesday.

Lin Zuhui called Liang Zhenxun and Lu Donglai over, and said, "This Friday, Cathay City will raise funds through the rights issue, with two shares for every five shares. Hurry up and do it!"

Liang Zhenxun and Lu Donglai were not surprised. Years ago, the boss had negotiated with various banks and borrowed a huge sum of 12.8 billion.The purchase price of the big hotel needs 15.8 billion, and the remaining 3 million is naturally raised from the rights issue.

Cathay City originally had more than 9 million in liquidity, but last month it was triple leveraged to buy 2450 million worth of blue-chip stocks; It rose again in the last week (2550 points).

"Okay, let's get ready right away!"

Lin Zuhui nodded, and said to Liang Zhenxun: "After the 1.6 million rights issue of New Era Real Estate, there will be 11 billion remaining in the account, so let's not move it for now!"

Last month, New Era Real Estate purchased 6 million land and old buildings. This time, it needs to spend 1.6 million to raise funds through the rights issue. As for the remaining 11 billion funds, Lin Zuhui plans to directly purchase land reserves from Hongkong Land.

Because he knows that Jardine Strategies will be listed this month, and the restructuring of the Jardine Department will come to an end.

And the signal that Hongkong Land intends to release the market will also appear.

Instead of buying a little bit in the market, it is better to swallow the land bank of more than one billion yuan directly.

Liang Zhenxun reminded: "Boss, the property outside is appreciating rapidly now, and our funds are borrowed again!"

What he meant was that putting the loan there would not only accrue interest, but also result in a high price to buy the land.

"I know!"

Lin Zuhui only needed to say three words, and Liang Zhenxun nodded seriously. He was just responsible for reminding, although it may not be necessary.

After the two left, Lin Zuhui leaned back on the seat and relaxed.

He is not in debt, that is his current state!
In early February 1987, Jardines announced the establishment of a new listed company, Jardine Strategies (Yitches), which would directly control the equity interests in Hongkong Land, Dairy Milk International, and Mandarin Oriental Hotel; among them, Jardines Strategies held Hongkong Land The stake is 2%.

However, Hongkong Land originally held Jardine's equity, which was changed to Jardine's strategic holding.

Jardine Matheson and Hongkong Land were decoupled, and the seven-year mutual control relationship ended.

Jardine and Jardine Strategy began to control each other. Jardine holds 19% of Jardine Strategy, and Jardine Strategy holds 26% of Jardine (the number of holdings of the major shareholder Keswick family is unknown, it is estimated to be around 10%) .

After the major reorganization of Jardine and Hongkong Land, Euces replaced Jardine's holding function.

In this way, there are two lines of defense on the periphery of Jardine:
The outermost one is Landmark, Milk International, Mandarin Oriental;
The second line of defense is the Jardine strategy.

In this way, the innermost Jardine becomes a 'city within a city'.

The Keswick family consolidated their stronghold (Jardines), which also meant a weakening of their control over the land.However, the two wings of Hongkong Land - Mandarin Oriental and Dairy Milk International have established themselves, and the strength of Hongkong Land has been greatly reduced.

The important thing is: Jardine Land is placed at the outermost edge by the Jardine Department. Market participants believe that this is a signal that the Keswick family intends to sell the property. Higher wins.

After Lin Zuhui heard that the reorganization of Jardine Land was completed, he did not intend to come to the door immediately.

He probably remembered that the four major families formally negotiated the acquisition with Hongkong Land in September (proposed an acquisition of 17 yuan per share, 24.5% higher than the market price, with a total share capital of [-] billion shares), but they were quickly wiped out by the stock market crash.

Six months after the stock market crash (the comprehensive acquisition will be purchased at the highest price in the past six months, so the arrangement will be six months later), the four major families will talk about the acquisition issue again, obviously without sincerity (after the stock market crash, they will only agree to 12 yuan per share ).

Naturally, Hongkong Land refused to sell it. Later, some people persuaded them not to drive all the British capital out of Heung Kong, which would be detrimental to the development of Heung Kong, so the four major families gave up.

Now that he knew that no one could buy Landmark, Lin Zuhui only needed to buy out Landmark with a lot of banknotes.

Royal Mansion, Harcourt Mansion, Land Bank, Dilikent Court Mansion, Causeway Bay World Trade Center, 4 shopping mall properties, Excelsior Shopping Centre, Newport Center Shopping Mall, Ocean Terminal, No. 130 Queen's Road, all these properties will be sold, the previous life The cash amount was [-] billion. Later, there were only seven Grade A commercial buildings in Central Land left, and all properties outside Central were sold.

Therefore, Lin Zuhui only needs to catch the land and keep collecting wool, and it would be better to buy vacant land directly.

Friday.

The Hang Seng Index closed at 2680 points, and Cathay City successfully raised 3.2 million.

At the same time, more than 30000% of Lin Zuhui's personal 9 September futures contracts have been purchased, and they can all be purchased next week.

Liang Zhenxun and Lu Donglai came to Lin Zuhui's office. One is the director of three companies, and the other is the general manager and director of Cathay City.

In fact, Lin Zuhui already planned to transfer Lu Donglai back to the headquarters or Huaren Real Estate at a later date, and Cathay City Hotel Management will build it into a world-class hotel management company. It will not only have its own hotel brand, but also acquire hotels, or even acquire hotel brands.

Therefore, Cathay Pacific City Hotel Management will implement the CEO's Western-style management structure, and the CEO will naturally hire world-class talents.Of course, not all of them implement Western management methods and structures. As long as Lin Zuhui, the chairman, must have real power, anyone who wants to be fired will be fired.

But don't worry, there is still a certain amount of time for Cathay Pacific's urban development before it can look at the world.

"Next Thursday, we will formally sign a contract with the Liang family, and the funds must be collected in time!" Lin Zuhui said to the two.

Lu Donglai quickly replied: "At present, the bank loans have already arrived in Cathay's account, and the funds raised will basically arrive in the account next Monday. I will definitely not miss it."

Lin Zuhui nodded. There is no need to worry too much about 3 million yuan. New Era Real Estate and Chinese Real Estate have more than one billion yuan in their accounts.

"According to the regulations, once the major shareholder changes, it needs to be disclosed to the market! Therefore, once the market gets the news, the shares of the big hotel will skyrocket. Director Liang, I order you to arrange New Era Real Estate and Cathay City to quickly grab funds in the market , Increase our shareholding to 34%. Presumably only 300 million shares, 2 million funds should be able to win."

Liang Zhenxun said: "Boss, even if we don't rush to raise funds, the stock price of the big hotel will continue to rise! The Kadoorie family is wholeheartedly engaged in electric power, and they have pumped all the funds into CLP Power. I am afraid that they will not have the strength to absorb the shares. And we also It’s not really about acquiring a big hotel, so why spend the extra [-] million!”

Lin Zuhui waved his hand and said, "We don't need the 34 million yuan. It's safer to control it at 5000%. Now we don't have the strength to fully acquire big hotels. Don't we have the strength after one year? Don't forget, we have two years In the former New Era real estate department, there was only one listed company on the verge of liquidation with a market capitalization of only [-] million.”

Liang Zhenxun was shocked, and quickly said: "What the boss said is that I am short-sighted!"

"It's okay, the whole company, only I can see the real estate department in the new era, how big it will be in the future!" (In B)
Lin Zuhui's yearning expression made Liang Zhenxun and Lu Donglai feel ashamed.

They thought that holding 31% of the big hotel this time was already the limit of Cathay Pacific's city, but they didn't know that the boss was looking further.Now it's like fighting a protracted war. If neither side has the strength to drive each other out this year, who will be the winner after a year?

Back then, the charter kings forbeared for a year and a half, but now they didn't consider the boss's ability to make money.

"Well, don't take it to heart, doing things with peace of mind is the greatest contribution to the company!"

After Lin Zuhui finished playing B, he encouraged the two subordinates by the way.

"Yes, boss!"

In fact, Lin Zuhui's real purpose is to prevent Kadoorie from increasing his holdings before the stock market crash.

So as long as the price is high enough, the Kadoorie family will back down.

Thursday, November 2.

It was the Lantern Festival, but Lin Zuhui had no intention of celebrating the festival. He was very excited and signed an equity transfer agreement with Liang Zhonghao in the lawyer's office.

After signing, the lawyers and leaders of both parties confirmed that it was correct, and Cathay City sent a check of 15.8 billion.

"Thank you Brother Liang for making it happen!" Lin Zuhui stretched out his hand happily and said gratefully.

In any case, others are under pressure to sell shares to Cathay City, which means to make friends with Lin Zuhui; you must know that in history, Liang Zhonghao was only willing to sell 2000 million shares to Liu Luanxiong, while the other 1100 million shares were sold. To Lixin's Lin Jianmin.

Does Liu Luanxiong not want to buy all of them?

Of course he would, otherwise he wouldn't have frantically swept up the market and increased his stake to 26% after the deal was concluded.

Liang Zhonghao said with a smile: "It's a happy cooperation. Our original intention is to cash out. We are satisfied with the price you gave, and the deal will naturally be concluded. But I really did not expect that the stock price of the big hotel has risen to 48 yuan, but I am still very satisfied with this price." satisfy!"

"Haha, when I buy a property, I hope that both parties will be satisfied, so I don't care too much!"

Liang Zhonghao nodded. He felt that Lin Zuhui was not a good bargainer, and the property he liked showed on his face.

For example, Furama Hotel, many people said that Lin Zuhui was really expensive;
There is also Huazhi Center (Twin Towers), and some people say that Lin Zuhui is expensive;
In short, everyone in Hong Kong knows that Lin Zuhui really likes high-quality properties and buildings.

Liang Zhonghao changed his style of painting and asked curiously: "Currently you hold 31% of the shares of the hotel, will you continue to buy shares in the market?"

Lin Zuhui nodded without hesitation, and said: "Yes, our goal is 34%, and two to three directors will be stationed in the hotel. I hope to co-operate the hotel with the Kadoorie family, and we will live in peace and jointly manage the hotel. The development brought out the sluggish status quo, and the development went to a higher level."

Liang Zhonghao said with a wry smile: "The Kadoorie family regards the hotel as a symbol of their family, so they may not rest assured that you will join the board of directors!"

"If it is a symbol of the family, the shareholding will not be only 12% of the shares. The Kadoorie family puts all their funds and energy on electricity, regardless of the development of the big hotel, which hurts a lot of shareholders. I hope Brother Liang can give me a copy of the list of shareholders, relationships and other information of the hotel, I want to lobby them to support us. And I will definitely bring them rich rewards."

"Okay, seeing how confident you are, I'll help you succeed! However, I still hope that you will do enough public opinion work first."

"It's natural!"

Lin Zuhui thought about it during this period of time, the most regrettable thing about Liu Luanxiong's defeat in his previous life was his disastrous defeat at the shareholders' meeting.He and Lin Jianmin held 38% of the shares, but only got 41% of the voting rights.

The Kadoorie family has only 12% of the shares, but got 43% of the voting rights.

Therefore, Lin Zuhui places great hopes on the hotel's shareholder meeting in May:

First of all, he is by no means as serious as Liu's notoriety in his previous life.

Secondly, he is an investment genius and a master of management. All the listed companies he acquired have brought huge profits to shareholders.

In the end, he is very young. Now, being young is no longer a disadvantage, but an advantage; because the assets and market value of the company he controls exceed tens of billions.

The next day.

All the newspapers in Hong Kong published the news about "Cathay City Gas Swallowing Hotel", shaking Hong Kong and Kowloon.

Different from the acquisition of Furama Hotel, stock analysts and financial experts have given Cathay City praise, and think that it is very worthwhile for Cathay City to buy a 15.8% stake in the hotel at a price of 31 billion.

Although the current net asset value per share of the big hotel is around 40~45 yuan, its prospect is by no means comparable to that of Futura Hotel.

The status of The Peninsula Hotel in Xiangjiang is unmatched by all hotels.What's more, the property of the big hotel is too rich, and its symbolic meaning is also extraordinary.

Lin Zuhui is now challenging the Kadoorie family, and has been rated by the media as the third largest Chinese acquisition after the Wharf War and the Hutchison Whampoa War.

For a time, the word 'Lin Zuhui' resounded throughout Xiangjiang and spread overseas!

As a super-rich British citizen in Hong Kong, the Kadoorie family is very good at "making a fortune", but they just can't "make a fortune".

The first generation of old Kadoorie——Avery Kadoorie made a fortune for his family, but he never got married all his life, and finally let his two nephews win a golden mountain.

When it came to the second-generation leader, Lawrence, there was only one daughter and one son.Son Michael was born in 1941, and at the age of 46 is still a "diamond king".

Interestingly, Horace Kadoorie (born in 1902), the uncle of the third-generation master Michael and the younger brother of Lawrence, lived to be nearly a hundred years old like his uncle Avery. Marry a wife, and there is no incense to extend to future generations, and you are another "Diamond King"!
Lawrence Kadoorie has the thrifty qualities of a Jew, even reluctant to eat grouper, but his only son Michael is different, he is purely a modern rich man!The suits he wears are all custom-made from London, luxury styles such as sports cars, antique cars and helicopters are his favorite.

Of course, Mi Gao is not a playboy who only knows how to eat, drink and have fun.As the heir to world-class wealth, although Mi Gao's height is not outstanding, he is also the object of admiration for many beauties.But he, who is full of wrinkles, just keeps procrastinating not to marry a wife and have children, which makes the old father anxious all night.

Lawrence is so devoted to electric power that it is difficult to separate himself, while the big hotel is managed by his son. In 1977, Liang Zhonghao, the new major shareholder, entered the board of directors of the hotel. At that time, the two companies entered into a "gentlemen's agreement". The hotel was operated by Mi Gao, and the property was managed by the Liang family.Major shareholder Liang Zhonghao holds 3100 million shares, accounting for 31% of the hotel's equity, while Migao holds 1183 million shares.

At this time, in the eyes of Hong Kong people, they still only know about Kadoorie and do not know about Liang Liang, and they always think that it is Kadoorie's asset.

With unstable holdings, coupled with the withdrawal of large funds to invest in the electricity industry, hotel management has also encountered difficulties, and the market value was even lower than the net asset value. This is the prey that everyone covets, but many people still dare not take it lightly!An old British business family, the accumulation of a century is not trivial, not to mention that the Kadoorie family is also a senior stockbroker, and they started their fortune through this.

Now, the young Lin Zuhui fired the first shot, and it was a fierce first shot, directly taking the name of the major shareholder.

The citizens of Xiangjiang are ready to watch a good show!

The Kadoorie family is holding a family meeting, and there are only three people present at the meeting.Brothers Lawrence and Horace, and Michael.

Lawlands first said angrily: "The Liang family betrayed their trust and willingly acted like a villain for the sake of money. It's really despicable!"

As everyone knows, the methods used by the Jews in this world to do business are world-renowned, otherwise they would not have caught fire back then.

Holishi said to his nephew, "Migao, the 'barbarians' are knocking on the door. The industry we have been in business for more than half a century is so "peeping"! So, you must swear to the death to defend this country!"

Mi Gao had a bitter expression on his face. He had chatted with Lin Zuhui at the party, and he also knew that Lin Zuhui was by no means as simple as a 'barbarian', otherwise he wouldn't have built a tens of billions of assets empire in two years, compared to Chen Songqing back then. What's more!

Chen Songqing used it for three years, he only used it for two years!
Knowing his son is like his father, Lawrence helped his son explain: "The only way we can do now is to prevent Cathay City from joining the board of directors, and they will certainly not dare to touch the 35% full acquisition line, because New Era Real Estate itself is a company with a high debt ratio. The company, and I heard that the acquisition of Liang's family's shares this time is all based on bank loans. Mi Gao, you immediately arrange to buy odd shares from the market to increase our shareholding, and don't be afraid even if it is debt!"

Mi Gao nodded and said, "Okay, father, I'll make arrangements now!"

After Mi Gao left, Lawrence said desolately: "This time, in order to develop electric power, the family has gone all out. I didn't expect to make such a big loophole for others. British companies such as Wharf and Hutchison Whampoa have been taken over by Chinese companies. Annexation, we didn't take it as a warning, we really shouldn't!"

Horace said: "Without our permission, Cathay City will not be able to join the board of directors. Presumably they will not be able to help. Let's see, maybe they will retreat."

"No, he won't! Lin Zuhui is not a simple person. Why do those banks make large-scale loans to the New Era real estate department? It must be that this person is very capable and has won the trust of the banks. But what is certain is that he does not have the strength to fully acquire Big hotels. Now our main task is to acquire some big hotel shares.”

Unfortunately, Lawrence didn't understand that Lin Zuhui had already reached this point.Therefore, Lin Zuhui arranged for people to raise the stock price of the big hotel. In this way, with the financial strength of the Kadoorie family at this time, it is basically impossible to increase the holdings to 15%.

Of course, this is for a later story, so I won’t show it for the time being.

(End of this chapter)