Hong Kong's new giants

Chapter 213 [The stock market crash is coming]

Beginning in October, Lin Zuhui began to repay personal debts.

Although the debt is not overwhelming, Lin Zuhui has basically pledged all the shares of listed companies he holds; if the stock market crash comes, the bank will definitely come to ask, and even force Lin Zuhui to repay the loan.

Therefore, in order to reduce unnecessary troubles, Lin Zuhui decided to pay off all 30 billion yuan in debt and interest.

Monday, August 1987, 10.

Wall Street was shrouded in gloom, and the New York Stock Exchange started a new day amid the hasty and dull "Dang, Dang, Dang" bell.At the beginning of the market opening, a sense of foreboding hit everyone in the noisy trading floor: the Dow Jones Industrial Average fell 67 points at the opening bell.In a blink of an eye, selling orders surged.Under the pressure of the swarming sell-offs, all the red plates (falling) were turned up on the screen, and there was no green wave (rising) in sight.There was panic in the exchange, and the futures market was also in chaos.From 9:30 a.m. until 11 a.m., the Dow Jones Industrial Average was down, and no one knew how to stop the worsening situation.Although some people proposed to suspend the market, no one dared to make a decision.Concerned about Wall Street's role as a "weather vane" in the global stock market, the New York Stock Exchange had no choice but to persevere desperately.

The Sydney stock market first opened the day without any change.

At 10 a.m. Hong Kong time, the Hong Kong stock market opened on time. However, the Hang Seng Index dropped 120 points due to the panic caused by New York as soon as the market opened, and closed down 235 points at noon. .

Affected by the plunge in Hong Kong, the stock markets in the Asia-Pacific region fell across the board, and the effect spread to the European market as the market opened in various time zones like a domino, and finally returned to New York around the world: the Dow Jones Industrial Average fell sharply by 508 points (more than 20%) ).

In the office of New Era Real Estate, Lin Zuhui was leaning on the seat, and the TV opposite was broadcasting news about the stock market.

It felt like someone was throwing dollar bills at themselves.

If it wasn't for worrying about the bad influence, Lin Zuhui would have opened champagne in the office.

Before get off work, Chen Bin and Liang Zhenxun came to Lin Zuhui's office together.

Liang Zhenxun said: "Boss, the Stock Exchange has sent back news that it has decided to suspend the stock and futures markets for four days from October 10th to October 20rd, in order to clear up a large number of outstanding settlements."

Lin Zuhui said lightly: "Nonsense! Self-righteous!"

Liang Zhenxun asked tentatively: "The boss thinks that the four-day suspension of the market will cause greater panic?"

In his view, the original intention of the Stock Exchange is to reduce Wall Street's drag on the Hong Kong stock market.

Lin Zuhui said with a smile: "The Dow Jones in New York fell by more than 20%, and the Hang Seng Index fell by more than 10% today. Li Fuzhao thought that it would be able to avoid further declines if it was closed for four days. As everyone knows, people are closed for four days in a closed environment of fear. They will run away like crazy. Next Monday, the Hang Seng Index will be extremely pessimistic!"

Chen Bin asked: "This is a big stock market crash. I don't know how much it will affect real estate?"

Lin Zuhui said: "There is no need to consider this. We have 27 billion in cash lying in our account (12 billion from the reduction of subsidiary shares and sales of real estate funds), and the company's debt is only 25 billion. As long as we are optimistic about the future of Xiangjiang, then for us Whether it is a short-term big drop or a short-term slight drop, we are as stable as Mount Tai. You have two things to do now:
First, increase the number of real estate starts. The decline is short-term. There is still a lot of room for real estate growth in recent years, and the wind has not been exhausted;
Second, stabilize the emotions of the company's employees. I know that many employees are speculating in stocks. I hope you will pay more attention to your colleagues and encourage everyone to cheer up and not bring emotions to work. "

"Okay, boss!" The two said quickly.

Even if New Era Real Estate repurchased the shares of Huaren Real Estate and Cathay City, it would cost at most seven or eight billion yuan; before, it had cashed out a full 1.2 billion, and every sale and purchase made a profit of four to five billion.

So there are 20 billion to buy land, old buildings, and land rights, which is obviously enough to be a Weishui guy once.

The next day, Lin Zuhui clearly felt panic and uneasiness in the air in Xiangjiang.

When he came to the crocodile shirt building, Lin Zuhui couldn't help but stop downstairs and look around.

鳄鱼恤大厦分为1、2期，两期总占地面积才6000平方尺，高度也只有9层和10层。

Next to it is the Chenda Group Building, which covers an area of ​​only 3500 square feet.

If Lin Zuhui remembers correctly, this is the headquarters building of the Agricultural Bank of Hong Kong in his previous life, with about 30 floors; it was traded at a price of 2012 billion in about 50.

"It seems that we will buy the Chenda Group building, and then merge the three buildings together. In this way, at least one Grade A office building with about 28 floors can be built, and the property area can reach more than 20 square feet."

Before he knew it, Lin Zuhui had another Grade A office building in his hands.

Lin Zuhui had a plan in mind, so he decided to talk to Chenda Group slowly. He was not in a hurry!
In the morning, Lin Zuhui met with Bren, the boss of Fry Trading in Australia, and his party in the conference room. Roger and Chen Xing from LEIT Group also attended the meeting.

The two parties have communicated before that the casual fashion samples of the production department of the LEIT Group have been approved by Fry Trading.

Fry Trading is an importer and exporter, specializing in placing orders from garment factories in Asia, and then selling the products to garment retailers in Australia, including 'JEANSWEST'.

"Welcome to Hong Kong, Mr. Brun!" Lin Zuhui stretched out his right hand and said to a slightly bald white man in his forties.

"Mr. Lin, I often come to Hong Kong, and I am a Hong Kong hand!" Bren said humorously.

Lin Zuhui smiled and said, "Then you must also have real estate in Xiangjiang?"

"Of course! I also know that Lin Sheng is a big real estate developer in Xiangjiang!"

"Haha, Mr. Bren has won the prize!"

After chatting for a while, the two sides started the topic.

Bu Lun would misunderstand and said: "Mr. Lin, Sunrise Company, our main partner in Xiangjiang; I have seen your products and I am satisfied, but if the price is not advantageous, we will not place an order for you!"

Damn it, we Chinese people are really treated as cheap labor. This is to lower the price to the extreme!
But there is no way around it. While the Chinese are still struggling downstream, European and American businessmen are already building upstream brands.Just like Nike and Adidas in the previous life, they were clearly produced in Fujian Province, but they could only earn some hard-earned money.

Lin Zuhui responded: "We don't want to make orders from processing factories, but plan to cooperate with Fry Trading in another way!"

Bren was stunned and asked a little confused: "Another kind of cooperation?"

Lin Zuhui nodded and said, "Let's work together to acquire Jeanswest Australia!"

Bren was a little shocked. In fact, although he was a trader, his financial strength was not as good as that of the boss of Jeanswest, so naturally he never thought of buying Jeanswest.He also figured it out a little bit. The LEIT Group took a fancy to him as an Australian native, so it would be more convenient to bring him along for the acquisition.

Soon, the corners of Brun's eyes twitched, thinking that this is a good thing!

"Yes, I agree to this cooperation!" Bren said without hesitation.

He is a native of Australia, and he doesn't believe that LEIT can fool him.

Next, the two sides launched a very detailed discussion.

The requirements of the LEIT Group are: the acquisition of Jeanswest, the two parties can share [-]/[-], but only in the Australian and New Zealand markets; as for the global brand use rights (except Australia and New Zealand), it belongs to the LEIT Group.

Brun thinks that he only values ​​the markets of Australia and New Zealand. After all, he does not have the strength to develop overseas (need to invest a lot of money), so he thinks it is feasible!

The two sides quickly reached a general agreement. As for the details, Jeanswest had almost negotiated before they could agree.

Of course, Lin Zuhui left it to Roger to handle the rest.

After Brun left, Lin Zuhui said to Roger: "While talking about the acquisition, we also have to prepare the casual fashion department, hire first-class international fashion designers, and store preparations, etc. Don't be left behind."

There are two advantages of acquiring JeansWest Australia:
First, the history of this brand can be traced back to 1972, and the brand has certain value;
Second, Australia Jeanswest has independent design capabilities, which can be used by Hong Kong at that time, and the two sides can communicate with each other.

Roger said: "Well, our department is almost full of staff, and we only need first-class fashion designers. I will recruit them as soon as possible. I will also start working on the stores immediately. Fight for it, and it will be listed early next year!"

"Yes, no matter what Jeanswest talks about, we operate according to our own brand. In the end, it's just a brand."

(End of this chapter)