Hong Kong's new giants

Chapter 219 Chapter 252~253 [Lin's Palace]

Early December.

After the 'Acquisition and Merger Committee' encouraged acquisitions and mergers in the securities market (stimulating the stock market), China Land took the lead and announced: at a price of 3.2 yuan per share (a premium of 23%), it initiated the acquisition of Futura International, with a target of 34% After the completion of the acquisition, Futura International will still maintain its listed status, and the acquisition will use 2.18 million funds.

For a while, it received enthusiastic response from the minority shareholders of Futura International, which had a certain stimulating effect on the entire market.

As for the bailout action launched by Li Chaoren, it had already been conditionally purchased by the "Acquisition and Merger Committee", but after discussion, everyone temporarily changed their minds and decided to jointly buy 15000 futures contracts, and Lin Zuhui personally subscribed for 3000.

In the office of Huaren Real Estate, Lin Zuhui was looking through the asset statement of Futura International, and he was in a very good mood.

Futura International's investment in properties in the United States is very rich, with total assets of nearly 10 billion, liabilities of less than 2 million, and a net asset value of up to 8 million; it is equivalent to the acquisition of Futura International at a premium by Chinese real estate, and the net asset value of its stocks still has no loss , but still profitable.

After a while, Gao Yi, the general manager of China Real Estate, and Zheng Xuebin, the general manager of Futura International, came to Lin Zuhui's office together.

Zheng Xuebin was originally the general manager of Futura International. After the acquisition of Futura International by Chinese Real Estate, he was not laid off. He only sent three directors to the board of directors of Futura International.

Of course, after the acquisition, it must be digested. This is Guan Jiahui's consistent style.

"boss!"

"Well, sit down!"

Before Xiaojia sat down, You Lisi said: "You Li International's conservative management originally escaped the stock market crash. But this stock market crash has little impact on the U.S. economy, and it is Zhao Shi International's An opportunity. So, next year, I plan to invest in a commercial office center in Los Angeles. You should go and investigate, and then come up with a plan for me!"

"Okay!" the two said in unison.

Gao Yi added: "Boss, I suggest that outside of this period of time, the low-level staff of Huaren Real Estate be appointed to take a new look at Zhao Shi International's retreat and lay a solid foundation for Zhao Shi International's development next year!"

China Land is an inefficient investment property company. Its low-level employees do not have very rich real estate experience. Even complex rent collection can reflect the quality and management of a company.

Guan Jiahui nodded and affirmed Gao Yi's statement: "Well, it's unnecessary! Just buying is digesting, and it's my Guan Jiahui's style. The two of you start this matter. I hope I can see it eight months ago. It's the same Youli International!"

"Yes, boss!"

The two answered confidently and passionately, which made Guan Jiahui very satisfied.

As his subordinates, everyone should understand a truth, that is, the company needs to develop, and develop slowly; anyone who follows suit will only have the fate of being eliminated.

Zhao Shi International's investment in a commercial office center in Los Angeles next year is a relatively small project, and the required funds are also in the Philippines. Guan Jiahui plans to solve the problem by raising funds through loans and rights issues.

Before the two left, Guan Jiahui thought about the structure of the new era department!
It's time to develop into a comprehensive group. Listed companies like Cheung Kong, New World, and Sun Hung Kai have no real estate business and no other comprehensive businesses.

For example, New World has no container business (entering the shareholder’s Haili container), shipping, and communication. It is even more important to say that there is no Xiangjiang small construction company-Hip Hing Construction, Songdian Engineering, Jiading Engineering, and Fuji Decoration Engineering. For modern buildings, including commercial buildings, hotels, and low-end residences, comprehensive services are provided in engineering planning, design, drawing, electrical engineering, architectural engineering, and interior decoration.

It's just that, they have already extended their tentacles into the sea, and New Era Real Estate has just started!

Thinking of this, Guan Jiahui decided to prepare for a group meeting to announce the group's small policy expansion.

You Lisi came to Hengjin Investment Company, which was originally named "Hengjin Securities", which is equivalent to the private investment company of the Guan Jiahui family; because the business is limited to financial business and gradually extended to the investment field, it was renamed "Hengjin Investment" .

Outside the meeting, Guan Jiahui listened to reports from several core lower-level officials.

Qiaohui reported: "BOSS, this time we shorted the Dow Jones Industrial Index and made a total profit of 9.2 million Hong Kong dollars, and returned funds of 13.7 billion Hong Kong dollars. At present, 13 billion Hong Kong dollars of funds have arrived in Hong Kong's account, and the remaining 7000 million Hong Kong dollars are used for U.S. securities investment Hengjin Investment has established branches in New York, Los Angeles, and Vancouver, Canada, and is continuing to recruit business investment talents, and it is expected to meet your needs by the end of the year!"

Robert Hui reported: "BOSS, this time we shorted the FTSE Index and made a total profit of 3.5 million Hong Kong dollars, and returned funds of 6.5 million Hong Kong dollars."

Zhao Shizenghui reported: "Boss, we shorted the Singapore index and shorted the Japanese index and made a total profit of 7.5 million Hong Kong dollars, and returned funds of 13.5 billion Hong Kong dollars."

Fulihui reported: "Boss, we made a profit of 1.5 million by shorting the Hang Seng Index and returned 2.2 million."

After listening to the report, Guan Jiahui calculated that he made a total of 21.5 billion in profits and 36 billion in cash from short selling the global stock market this time.

The funds have been secured, and You Lisi smiled.

Then, Guan Jiahui arranged for the United States and the United Kingdom to develop in the direction of business investment as the mainstay and financial investment as the supplementary one, so as to provide herself with excellent investment project advice.

Before the meeting, Guan Jiahui summoned Fuli and Zhao Shizeng in the office.

"I am very optimistic about Japan's stock market and real estate market in the next two years. I plan to spend 30 billion Hong Kong dollars to invest in the Japanese stock market, and I will also make a seven-fold leveraged investment."

Guan Jiahui's words surprised the two of them. The boss is addicted to venture capital. Did the two of them give any advice because they felt that they were not qualified? In their hearts, Guan Jiahui was called the god of investment. The prediction of the global stock market crash.

Moreover, it is unreasonable and groundless for the appreciation of the yen to drive the expansion of Japan's domestic economy.

Zhao Shizeng said: "Then the Japanese branch has to be expanded to a small boss!"

Guan Jiahui nodded and said, "Okay, you can go down and handle this right away. Fuli, you will also participate."

Fuli can be regarded as Guan Jiahui's deputy, so he is also considered half a level lower than Zhao Shizeng.

"Okay, boss!"

Guan Jiahui reminded: "Slow down. After the end of the year, give me the most worthwhile investment stock plan in Japan. Remember to consider the stocks of the two industries of electronics and real estate! Not yet, if you want to gather a few Japanese securities companies, it is best to do it for you We provide seven times leverage before considering it.”

"Okay, boss!"

After the short-selling of futures, these countries have no money to invest in many offshore companies, but there is no need for more trouble.

The two quickly took orders and went up to make arrangements!
关嘉慧在办公室陷入思考中：他记得股灾之前，日经225从20000点，抵达1989年12月的39000点，两年升水近100%。

Assuming that there is no wrong stock selection, the seven-fold leverage can be doubled by 10 times, and 30 billion can be turned into 180 billion.

In 1989, the market value of the Japanese stock market reached 4.5 trillion US dollars, surpassing the 4 trillion US dollars of the US stock market; a mere 25 billion US dollars, what is it!

Of course, Guan Jiahui has no cash flow of 80 billion yuan this year, and only invested 30 billion yuan in the Japanese market.

For the remaining 50 billion, reconsider the investment direction, and consider financial products as much as possible, no risk!
The new week ends.

Guan Jiahui came to the office early, first read the newspaper for a while, and then finished thinking while writing.

The minimum drop in the stock market crash was 3960% (the Hang Seng Index's lowest was 1980 and the highest was 10), and the property market would be dragged down as a result. This was originally expected.However, this storm affects only 15% to [-]% of real estate prices, and the higher decline in high-quality properties is quite unexpected.

Of course, a very small number of businessmen can still make a judgment. After all, the panic in the market is still there, and Xiaojia is also worried that real estate will still go up or down.

But You Lisi already knew it, so he could buy the bottom!
After a while, eight horse-drawn carriages came to Guan Jiahui's office together, which was a weekly practice.

You Lisi said: "The Hong Kong government now grants 30 square feet of land every quarter (it is the land in the New Territories, but includes the auction of official land), is that right?"

Liang Zhenxun quickly replied: "Yes!"

"Well, from now on, I will try my best to get less land in the New Territories through our land exchange rights and interests as a reserve land!"

"Ok!"

Then, Guan Jiahui asked again: "What is the decrease in the New Territories land exchange agreement?"

"Type B Land Exchange Rights and Interests Letter", or Letter B.The Hong Kong government expropriated farmland from farmers in the New Territories for various development purposes. The exchange condition was that the farmland would be collected first, and then land that could be built on houses would be allocated to them in exchange. Usually, seven and a half feet of farmland was exchanged for one foot of housing land.Farmers hold a piece of land-exchanging rights and interests, so that they can exchange land for development in the future, and if they want to do practical and affordable work in the future, they basically have a plan.

Real estate developers noticed this situation, so they negotiated with farmers and bought their land exchange rights in cash, which was generally welcomed by farmers.Purchasing a land exchange title is much cheaper than the government auctioning official land. As long as you wait patiently for the announcement of the land exchange, there will be no small piece of cheap land available for building.

"25% ~ 30% decline, there is no possibility of a decline!"

Guan Jiahui immediately said: "Well, we will end the purchase! From now on, after June next year, it will be a good time for us to increase our land reserves by a small amount. I have no guess that the overall increase in real estate next year may be the same as that in 6 , reaching 1985% to 26%. Therefore, in addition to the company’s 20 billion cash flow as the purchased land reserve, I will also borrow [-] billion from the bank for this round of development!”

The eight people were shocked, and the debt of New Era Real Estate soared to 43 billion!

However, the bank once again stopped cutting interest rates, and now it is only 9% ([-]%), which is very good news for real estate developers.

What's more, Guan Jiahui knows that bank interest may drop to 8% next year.

Chen Bin immediately said: "If this is the case, then we need to increase the development site by another 8%, and strive for the net profit of real estate development next year to reach 10 million to [-] billion!"

Kwan Ka Wai asked: "Are there enough low-level staff for real estate development?"

Chen Bin said: "Enough, if it is enough, you can recruit slowly!"

"Okay, let's increase the construction site!"

If the situation can be predicted, it is only natural to make adjustments.

Taking Henderson Land as an example, its real estate sales area in 1986 was the sum of 1985 and 1984. This is the result of Lee Shau Kee's slow layout when he saw real estate rising.

And Guan Jiahui also took advantage of Xiaojia's fear of the stock market crash, and slowly laid out the real estate bull market from 1988 to the second half of 1989.

A huge amount of less than 40 billion yuan is used to buy land and old buildings, which is a very small investment.At that time, the unit price of the New Territories Land Exchange Agreement ranges from 1000 yuan per square foot (real data). Assuming that all the land in the New Territories is purchased, the difference is that you can buy at least 500 million square feet of land in the New Territories.

Of course, under the market, it is possible that so few land exchange rights will flow out for a while, so there must be no less than half of them going to buy land and old buildings in Hong Kong.

Although the new era may have to pay 4 million yuan in interest every year, if the annual profit is around 10 billion (including net profit from rent collection), it is reasonable; because the land reserve in the new era is an increase that is visible to the naked eye.

Once it reaches the 40th generation, the land bank of New Era Real Estate is second only to Sun Hung Kai (Ti Liyin: 3250 million square feet) and lower than Henderson Land (1650 million square feet); then, New Era Real Estate can be proud of Xiangjiang.

Moreover, although the interest of 4 million is small, Guan Jiahui will still find a way to earn some non-recurring profits. The need is too little, and the pressure on interest is only needed.

This is the development plan of New Era Real Estate for less than two years in the last 40 years!

The same is true for Chinese property owners, who prefer to borrow small loans to purchase high-quality rental properties. After the 40 years, they need to consider the interest and profit; once they enter the 40 years, it is time to make a decision.

The most troublesome thing for Guan Jiahui is of course Cathay City, whose market value has dropped by more than 4% this time, and it is now only 12 billion.

要知道，此时国泰城市的资产值为：收租物业4亿、现金3亿、富丽华酒店51%股份（价值6亿）、小酒店34%股份（价值20亿）。

The asset value is as low as 33 billion, while the debt is only 10 billion!
The reason is complicated: Few investors believe that small hotels can bring stable dividends to Cathay City in the short term.

Of course, Lin Zuyao is also very worried. Anyway, the bank will press for debts, because Cathay City is backed by the tycoon of New Era Real Estate.

"Lin Sheng, we have already negotiated with our clients about building A and A1 in Huiyuan. Each household will be compensated 500 million yuan to repurchase their purchase rights. Now, all the four single-family villas in Huiyuan can belong to you!" A real estate agent said in a slightly excited tone.

Guan Jiahui nodded, but her heart was overwhelmed!

It turned out that as early as April, he was searching for a suitable villa, preparing for the "Golden House Cangjiao".

As soon as it was over, his idea was to get started without super villas (love villas with an area of ​​less than 15000 square feet);
At the same time, detached villas can also be considered (less than 6000 square feet).

When searching for villas, he was told by the intermediary agent: On Nanwan Road in Repulse Bay, there is not a single villa complex, and there are no four independent villas at all. Each villa covers an area of ​​5500 square feet to 7000 square feet. .Moreover, these four villas belong to a developer, which is equivalent to being enclosed in an area.Each villa has no swimming pool and lawn; four villas are arranged on both sides, and there is a "private road" for four households in the middle.To the east of the entire villa complex is Nanwan Road (no spacing), and to the west is Repulse Bay (Building A and A1 facing the small sea).

At that time, Guan Jiahui was in surprise. If she bought all four independent villas, it would be equivalent to buying an independent kingdom.A dangerous fence will be installed for seven weeks, and security posts will be set up on the side near South Bay Road (without a single tiny building).

In this way, he is equivalent to buying a 'palace' with an area of ​​50000 square feet.

"As long as there are no problems with your procedures, there will be no problems on my side!"

The real estate agent quickly said: "There is absolutely no problem with the procedures. Who would dare to lie to you in Hong Kong! If you have any problems, then I will negotiate a contract with Boss Zhao of Zhuoneng Real Estate for you?"

Guan Jiahui nodded and said, "If you have any questions, please make an appointment!"

The developer of these four villas is the well-known low-handed Huacong-Gao Yizeng, the eighth son of Wu Guoming.Gao Yi used to be good at picking up girls. He was also the first real estate developer in Wu Guoming's family, even ahead of his father Zhao Congyan.At that time, You Lisi believed that Xiangjiang was a danger, and she was only willing to develop "travelable" industries. She focused on the development of shipping and dismissed real estate. On the contrary, You Li once retreated into the real estate industry in the 60s.

Of course, such a small family originally had its own real estate company, Huaguang Real Estate, which owned a small amount of low-end residential development rights in the southwest corner of Mount Davis on Hong Kong Island.

On the next day, Guan Jiahui and Gao Yi were in the lawyer's office preparing to sign a contract to complete a single transaction of the smallest private residence in Hong Kong with an amount as low as 2.5 million.

Although a single villa is only worth a little over 3000 million, before Guan Jiahui's redesign, it was actually a mansion.Guan Jiahui feels that this will be one of the most valuable properties in Xiangjiang in the future, surpassing Zheng Yutong's Repulse Bay mansion and Xu Shixun's family's mansion in Shek O.

"Lin Sheng, it's a heavy expectation, and I finally settled the two clients. Yes, I was very embarrassed to meet you last time!" As soon as we met, Gao Yi Zeng stretched out his left hand coldly.

The two had met at friends' banquets for a few times, and the relationship was still considered wrong; Xiangjiang's territory was so large, Guan Jiahui had contacted all the well-known people who could be called the next name in later generations, Guan Jiahui had contacted them, and a few of them knew each other.

Guan Jiahui stretched out her left hand and said: "Brother, it's a little bit! This villa was originally bought by fate, but it's not that little bit."

Gao Yi once said: "But I want to sell it to you. You are the only buyer in Xiangjiang who can buy four villas at one time. I happen to be short of money, so I am very eager to reach this deal."

The two exchanged for a while, and the lawyers of both sides were preparing the contract.

This time, You Lisi contacted the bank and planned to purchase it in installments. The down payment is only 5000%, which is less than [-] million.

He likes leveraged investment now. He didn't have 80 billion in liquidity, but he wanted to do 300 billion.

After signing the contract, Guan Jiahui officially obtained the property rights of the four villas in Huiyuan, and began to prepare for the design and decoration of the construction company of New Era Real Estate.

You Lisi's preliminary idea is to transform the road between the two columns of villas into sports facilities such as tennis courts and basketball courts, and design them as comprehensive uses that affect the passing of cars, even car parking.

For the rest of the design, the focus is on the problem of danger, which requires hiring two experts to lay out the danger of the entire villa complex; in short, it is expected to be put into use by the end of 1988.

Sanatorium and Hospital, Zhao Chuanwang successfully gave birth to a son, named Lin Wenhua.

Since Zhao Chuanwang followed Guan Jiahui, her mother Zhang Bingqian and her father Guan Shan immediately cared about her very much. Usually, Guan's mother often flew from the United States to Hong Kong for vacation, which is called caring for men.

Guan Jiahui often thought that he was just setting up family rules, and it was necessary for You Lisi to help his parents too much, so Chuanwang Zhao naturally dared to obey.In the Lin family, it seems that there are no rules, but Guan Jiahui's words are imperial edicts.

If these men angered Guan Jiahui, what they were most worried about was that they would lose their source of income, and even their sons would be kicked out of the wealth acquisition list.

Before the silence outside the delivery room, You Lisi still thought Zhao Chuanwang needed to be quiet, and drove these people away, including You Lisi's parents.In Guan Jiahui's view, since there was no such love back then, there is no need for excessive intimacy now.

In later generations, Mother Guan and You Lisi got along well in their later years, but that was based on the fact that the man had no previous generations and no small fortune.

In Guan Jiahui's view, there is no need to be so close in this life, and You Lisi has no children of her own.

"Ahui, I can bear Wen Hua leaving my sight!" You Lisi said, staring at Qing Er's crib.

Guan Jiahui said with a smile: "Don't worry, the two nannies are watching at any time, it will be unintentional!"

Thinking about the scene of this man being a mother, Guan Jiahui thought that she only cared about whether she was pretty or not!

That's right, he soon saw Zhao Chuanwang's love for beauty!

"I'm so ugly now, it's all my fault! Two weeks ago, I was going to recover my body! In the next few days, I asked the nurses here. They don't have an antenatal recovery teacher here. I have already negotiated! "

You Lisi said angrily, "I've been waiting for a month, so what's the point?"

Zhao Chuanwang bit his lip, making You Lisi feel guilty for a while!
Yes, I just added Li Zhi recently, which is already quite conservative.

"Okay, listen to me, and think about your plans a month ago!"

Before enjoying the youth of these men, Guan Jiahui became somewhat selfish in her heart, and regarded them as a machine for carrying on the family.The first is that Guan Jiahui really needs a small family, so fewer boys are better.The seventh is a man who has given birth to a child, it will be easier to control.

You Lisi can't accept it at all. Some wealthy wives divorce and remarry with their children, such as Lin Baixin's seventh wife.We can separate, but at least we can accompany him until he grows old.

The only regret is that the money is not enough, so a little bit of a big situation happened when I came here; and You Lisi's idea is to establish a "family office" in the future to maintain the long-term prosperity of this family.

(End of this chapter)