Hong Kong's new giants

Chapter 237 Chapter 275~276 [Let the bullets fly for a while! ] (Ask for a monthly pass!)

October 5, Wednesday.

Three companies, Jardine Mathematics, Yistra, and Hongkong Land, announced the suspension of trading. On the same day, Yistra announced that it would purchase the shares of Hongkong Land held by New World, Cheung Kong, Henderson and Huaxin at a price of HK$8.95 per share, accounting for 8.2% of Hongkong Land’s total issued shares. 18.34%, involving [-] billion yuan.

The sudden flames of land acquisitions were suddenly extinguished, and market participants were greatly disappointed.Yice purchased the additional 8.2% of the shares, increasing all Hongkong shares from 26% to 34%, which did not trigger a comprehensive acquisition, but also greatly strengthened the holding capacity.

What is puzzling is that there is an additional condition in the agreement, which restricts the Chinese-funded consortium participating in the acquisition from getting involved in Hongkong Land's equity within seven years.Why did the Chinese consortium withdraw from the acquisition so quickly and sign this 'shameful' agreement?

For a while, there were different opinions, and the big bosses of Chinese capital were tight-lipped.

Back to New Era Group, the company absorbed a large number of shares in Baohua Construction through secret purchases in the market, increasing its holdings to 43%; of course, even if it was a secret purchase, the price was higher than 8.3 yuan, at 8.3 yuan ~8.8 yuan or so.

In the conference room, Lin Zuhui had already calmed down and was arranging the next layout.

"New Era Group announced tonight: to fully acquire Baohua Construction at a price of 8.8 yuan per share."

The price of 8.8 yuan is equivalent to a little more than twice the price before the acquisition war. This time, the New Times Group is equivalent to a loss of 2-3 million yuan.However, Baohua Construction is still worth the money; Baohua Construction does not have a small Baohua building, and the value is around [-] million.

Baohua Construction can build skyscrapers and hotels, and it is also ranked in the bottom ten of the construction companies in Xiangjiang; it is very important to the future territory of New Times Group, so Cheng Yutong will also care about spending less money.

Although Jingwan Real Estate is using the slogan of shaving their heads, it is actually just trying to master a construction company and improve their reputation.

Liang Botao nodded, and said, "Well, basically next week, we can announce that we will be the first to acquire 51% of the shares and declare success!"

For New Era Group, it has already offered a "sky-high price" of 8.8 yuan. As long as it takes the lead to reach 51% of the shares, the acquisition will be successful.Even if the remaining 49% of the shareholders are selling, this is a successful acquisition, which will not benefit New Times Group, that is, they need to spend less money to control Paul Y. Construction.

Shu Tianzhen added: "Since we have already won the prize, we need to put too little energy on it! You have to make preparations immediately: China Land and Cathay City will issue 10% new shares and sell them to New Era Group."

Liang Zhenxun immediately said: "You are already applying to the Stock Exchange, and it is expected that an official announcement will be made last week!"

Zheng Yutong said with regret: "Before this round of stock market crash, you originally planned to privatize Cathay City, but after looking at it, you can only choose to give up."

Everyone nodded, indeed!

Before the stock market crash of New Times Group, it spent a total of 40 billion on the purchase of land and the old downstairs (including the property under the Lantian subway station). Under the new shares of the subsidiary, a small amount of money was spent, and it is estimated that the debt will return to 45 billion (less than [-] million was repaid during the period).

"It's because it has something to do with it. Increasing the shareholding of the two subsidiaries to less than 45% is considered to have fulfilled your highest goal!" Zheng Yutong comforted you again.

In this way, in this round, the New Times Group has only one plan to complete, which is to privatize the Furama Hotel.That plan is problematic in any case. Cathay Pacific City owns 51% of its shares, and someone can participate in the bidding.

As for the remaining 49% of the shares, Zheng Yutong intends to deprive them in the name of the family, which is expected to involve 7 million yuan (30% premium).

King Bay Properties.

Outside the meeting room, Lin Zuhui, the eighth-generation successor of Lijingwan, was sitting under the chair of the board of directors, looking very wrong.

Lin Zuhui is the son of Rongjie, the seventh son of Lijingwan. Before I obtained a bachelor's degree in civil engineering from Manchester Primary School, I worked as a lawyer of the Supreme Court of England and Wales. Before that, I officially retired from the family business. , Let Shutian Real Estate return to the leadership of the Li family.

In 1981, before the death of the seventh-generation successor, Jingwan Real Estate recruited managing directors around the world; that is to say, outside of that year, Jingwan Real Estate actually adopted the professional manager model.

Therefore, before Lin Zuhui regained control of King Bay Real Estate, he desperately hoped to change the company's "conservative" impression, so he joined the Paul Y. Construction acquisition battle.

Sure enough, I received the expected good results. Jingwan Real Estate only occupied public opinion and morality in that acquisition battle, and there was no hope of winning Baohua Construction.

Baohua Construction is a good company. If it is acquired, Jingwan Real Estate will be even more powerful.

"How many shares of Baohua Construction have you acquired?" Lin Zuhui asked.

"Chairman, you have already acquired 15% of Baohua Construction's shares, plus the other 15% of its minority shareholders, which means that you already own 30% of the shares."

"Okay, I suspect that you will be able to increase your shareholding to less than 45% very quickly. At that time, you will only need to pay a huge price to control Paul Y. Construction!"

In addition to Lin Zuhui's idea, as long as Jingwan Property acquires less than 30% of the shares, plus 15% of the minority shareholders of Baohua Construction, and a large number of shares of other shareholders, it will fail in one fell swoop, and it is still necessary to initiate a comprehensive acquisition.

The price is much less than the price of New Era Group's kind acquisition!

What I care more about is the victory over Zheng Yutong!
This is "Superman Lin" who just defeated Superman Li twice. Does that mean that he defeated Superman Li?
In the evening of the same day, Liang Botao, the financial advisor of New Era Group, officially announced that New Era Group holds 43% of the shares of Paul Y. Construction, and in accordance with the securities regulations, the price of 8.8 yuan per share of Paul Y. Construction will be fully acquired.

Before Lin Zuhui heard the news, he hurriedly consulted with someone.

"How did New Era Group's shareholding increase from 32% to 43%?" Lin Zuhui said in a daze.

Logically speaking, even if non-shareholders want to sell their shares from Monday to Friday, they will register with Jingwan Real Estate later, because our bid is less than seven-eighths of that of New Times Group.

"It was acquired through black market, and the major shareholders of Paul Y. Construction were basically sold to New Times Group." The acquisition consultant said.

Lin Zuhui's face suddenly became stiff, did I think of this trick, and did Jingwan Real Estate think of this trick.

"If it passes the black market, the stock price should be less attractive than 8.3 yuan per share!"

"Yes, it must be lower than your purchase price!"

After thinking for a long time, Shu Tianzhen asked again: "Do you still have a chance to fight back?"

The acquisition consultant said: "The time may be too late. We will increase our shareholding to below 47% tomorrow. Moreover, the price is too low!"

It was Lin Zuhui who originally proposed to buy Paul Y. Construction at a price seven-eighths lower than that of New Era, and the acquisition consultant did not suggest that; but Lin Zuhui insisted on that, because I wanted Jingwan Real Estate to become conservative and change the neighborhood Impressions of King Bay Properties.

So at that time, since the New Times Group made an offer, there was almost no time for Jingwan Properties to make an offer again. After all, it was the weekend right now.

And the price of 8.8 yuan per share is definitely full of temptation. It is already a little less than double the price after the takeover battle, and others can buy it in a day.

The key now is that Jingwan Real Estate can also make a profit through that acquisition, and our cost is 8.3 yuan.

The only gain is that Shutian Real Estate made New Era Group suffer a small loss and won some people's appreciation.

"Okay, let us win! If you sell your stocks to us later, you can earn a few million yuan anyway!"

Earning a P, once the acquisition fee is paid, Shutian Real Estate is not making money, the lower-level people thought to themselves.

The only good thing is that there was a wave of good advertisements, but Liang Zi also picked up.

On the evening of Saturday, New Era Group announced that it held 52% of the shares of Paul Y. Construction, and the acquisition failed.At the same time, the redevelopment plan for No. 2 to No. 38 En Ping Road was also announced.

Why is there No. 1, because this is the property of the Lee King Wan family!

Public opinion was in an uproar.

There was a reason for the New Times Group to announce a reconstruction plan at that press conference, and reporters who were unfamiliar with the terrain quickly guessed that it was the old nest of Jingwan Real Estate.

In other words, New Era Group is attacking Jingwan Real Estate.

All of a sudden, the media all got ready to talk about it, and it would be good to see it in the newspaper tomorrow.

In the evening, Zheng Yutong was still working overtime, listening to the report of the Binglou team.

The building merger went smoothly, but the cost was also very small. A total of 2 owners of No. 38-26 Enping Road had all negotiated, but nearly 3 million in cash was consumed, with an average premium of 25%.

That is still the impact before the stock market crash. If the real estate peak is low, the price may still be enough.

"Go talk to the Li family about the acquisition of No. 1 Enping Road, do we have any reason to agree!"

"Ok!"

Of course, there is no reason to agree. Before all the owners have passed the reconstruction plan, he will reject a unit; the important thing is that he is a real estate developer. If you let business friends know that he is "nailing the building", they will be cast aside , the reputation will stink the streets.

And once Jingwan Real Estate was labeled as a "nail building", as long as we rebuilt the property in the past, these eight teachings and four-rates would go to our "nail building".

The next day.

The media in Hong Kong have written about the battle between New Times Group and Shutian Real Estate; if you come to stop your acquisition, you will build a small building right in front of his house.

For a while, the citizens of Xiangjiang caught their attention.

Before Lin Zuhui saw the news, he immediately calmed down, because the merger of Enping Road was in the future plan of Shutian Real Estate; even, that plan was going to be implemented immediately. A low-level commercial building with an area of ​​31.

"Shu Tianzhen, he's so ruthless!"

For a moment, Lin Zuhui knew that his defeat was decent and complete that time.

A low-end commercial building of less than 60 square feet is worth at least 10 billion, not to mention that it is one of the core projects of Jingwan Properties.

Whether Baohua Construction was successful in the acquisition or not, it also lost a low-level commercial building.

In that wave, I didn't earn face at all, but I lost face in the business world.

As for No. 1 En Ping Road, it will have to be sold to others at first, because everyone in Hong Kong knows that the Lee family is working as a "nail building", the impact will be extremely good and even the Planning Department will see it as a thing of the past.

What convinced Lin Zuhui the most was that no one in Jingwan Real Estate was a traitor, and why Zheng Yutong immediately learned of Jingwan Real Estate's core plan.

For a moment, Shu Tianzhen's face became unpredictable.

On the same day, under the tense meeting of Jingwan Real Estate, Lin Zuhui had a very happy quarrel with the lower-level directors.It's just that they believe that Jingwan Real Estate has no moles, and none of the directors questioned Shu Tianzhen's strategy, which caused the company to suffer huge losses.

No director suggested: "acquire No. 2-38 Enping Road from New Times Group at a price lower than seven-eighths."

It is worth 5 million yuan, and Jingwan Real Estate lost less than 2 million yuan to compensate the loss of New Times Group.

In the middle of May, the action of the new era is broken:

First, New Era Group purchased 10% of the new shares issued by its two subsidiaries, Huaren Property and Cathay City respectively, involving a capital of 6 million yuan and less than 10 million yuan, and initiated a comprehensive acquisition as usual. The price was [-]% of the lowest price in the last eight months. % premium.

Then the Lin family announced their participation in the privatization of 49% of the shares in Furama Hotel, involving a capital of 6.8 million.

Everything went smoothly, and there will be no incidents similar to "Jingwan Real Estate Spoiler".

By the first ten days of May, the whole department of New Era Group has undergone few changes:
49.8. Zheng Yutong personally holds [-]% of the shares of New Times Group (full acquisition of Victory);

55. New Times Group holds 60% of the shares of Huaren Real Estate (full acquisition of Victory), New Times Group holds 96% of the shares of Cathay City (full acquisition of Victory), and New Times Group holds [-]% of the shares of Baohua Construction (full acquisition success).

98. Chinese Land holds 34% of Legu Real Estate (successfully privatized), Chinese Land holds 49% of Futura International (a company that invests in American real estate), and Chinese Land holds [-]% of Central Entertainment (ready to be sold as a shell company).

34.8. Cathay City holds 51% of the small hotel, Cathay City holds 49% of Furama Wine (the Lin family holds another 100%), and Cathay City holds [-]% of the Manila Hilton Hotel.

In this round of business activities:
The Lin family spent a total of 20 billion in cash (including increasing their shareholding in Wanhui Media to 49%), leaving only 25 billion in cash flow.

The debt of New Times Group has risen to 50 billion, but its strength and potential have been slightly weakened; firstly, it has weakened the shareholding of the two flagship subsidiaries, and secondly, it has succeeded in internal development (that is, it has increased the strength of the construction field. ), the first is to have a weak land reserve (second only to Sun Hung Kai, Henderson, and Cheung Kong).

Saturday, May 5.

Outside the meeting room of Xiangjiang Xingye, the heads of eight companies including Xiangjiang Xingye, New World, and New Era and their lower-level executives are discussing the cooperation of the seventh and seventh phases of Hysan.

The eighth phase of Yushutian is divided into eight phases, including 143 garden villas, 172 high-rise units and 882 low-rise units, with a total construction area of ​​110 million square feet.It has been completed since July.

The eighth phase was very successful. Since the end of early July, Hong Kong’s real estate industry has ended a new round of rising waves; generally, overseas investors have come to invest in Hong Kong, and the number of property transactions worth less than 10 million reported in a month is as low as [-] .

Cha Jimin said: "The plan of the cooperation with Heung Kong Industrial was: firstly, to sell the development rights in cash; secondly, when the property price exceeds 650 Hong Kong dollars per square foot, you Heung Kong Industrial will share another 3% of the profit."

Both Li Dingchang and Zheng Yutong nodded, because there was no low-level negotiation afterwards, so today will be a bidding situation.

"You New World and New Era were a joint company that time, participating in the construction of the seventh and seventh phases. New World accounted for 6% of the shares, and New Era accounted for 4% of the shares." Li Dingchang responded.

Zheng Yutong added: "The division of labor in the eighth phase is still adopted: Xiangjiang Xingye will serve as the project planning manager, and New Era and New World will pay for the construction costs and plan sales."

That cooperation is actually not beneficial to the new world and the new era. We can share 65% of the profits. Of course, the second mention is to pay a development right fee first.

Zha Jimin laughed at himself and said: "Compared to the two of them, you are still a student in real estate. The sale of the development rights was also based on your own strength."

Zheng Yutong comforted the old man and said: "Xue Xishen's territory is so small, why worry about Xiangjiang Xingye having a leader, Mr. Cha, he said yes?"

As soon as the plan for the new airport comes out, Xiangjiang Xingye will give up the small profits to others.

"Haha, I've been educated, it's you who are arrogant!"

Next, Zha Jimin said: "The price of the development right is 2.54 million. Do you two have any objections?"

"Is there any!"

"Is there any!"

For this cooperation, Heung Kong Industrial has played the role of a 'subway company', and we will charge a fee first.

Of course, the seventh and seventh phases of the project are also very luscious. The two phases include low-rise and high-rise residential units with a total construction area of ​​140 million square feet and 100 million square feet respectively.

Although Xiaojia set a standard line with a unit price of less than 650 yuan, Zheng Yutong knew that according to the time of the seventh and seventh phases of occupancy in 1990, 1992, and 1994, he could sell at most a unit price of less than 1000 yuan. The price may be 1500~2000 yuan.

Because the small environment of Xiangjiang real estate has increased by 2 to 4 times in those few years, it is even more important to say that there is no new airport plan out there.

Therefore, the total profit generated by the seventh and seventh phases will be less than 8 billion, and New Times Group is expected to obtain 26% of the total profit, which is considered very generous.

On the same day, Bafang successfully completed the signing!
On the way back, Zheng Yutong and Li Dingchang went the same way.

Li Dingchang said: "He has dealt with the Li family recently, and he is not a bit ruthless!"

Zheng Yutong explained: "Uncle Tong, he made a mistake! It was you who were bullied by the Li family first. Under Baohua Construction, you spent at least two or eight hundred million!"

Li Dingchang smiled and said: "You know, he also earned a piece of Enping Road to rebuild the property! You are talking about those, he published in the newspaper that the Li family is a 'nail building', um Pingdao No. 1 asked for 2 million, he put the Li family on a volcano!"

Shu Tianzhen said innocently: "The asking price of 2 million is a real thing. You don't have any recordings of the negotiations, it's just whether you show them."

Shu Tianzhen was taken aback for a moment, then Lin Zuhui was really provoked, self-cultivation is fine, and he is still a young lawyer?
On the contrary, there is nothing wrong with the Li family selling No. 1 Enping Road, but he bid 2000 million yuan (actually worth [-] million yuan), and he was caught. What should he do if he needs to merge the buildings before that kind of thing that starts from the ground?
The important thing is, why does he offend a 'King of Media'?
It would be too difficult for others to engage him!

At the beginning, Li Dingchang said: "Shu Tianzhen entrusts you to sue him for peace. I am willing to buy the property rights of No. 2-38 Enping Road from them at a price that is seven-eighths lower, which is 5 million yuan!"

A net profit of 2 million sounds very wrong!

But Zheng Yutong is not so stupid, rebuilding a small building, its value will be a few billion yuan in a few years!
"Uncle Tong, let him go on another trip and ask me to sell No. 1 Enping Road to you, and you are willing to take it for 3000 million yuan! If it succeeds, you can accompany him to play the hoe twice. He will decide!"

Li Dingchang was overjoyed, and immediately said in a low mood: "Eight times!"

"He has the final say! It's as if you have played with him before!"

"He even had the nerve to say that every time he played for a while, he would find someone to take his place. Be patient and miss his big boyfriend!"

Zheng Yutong immediately retorted. In the matter of hoeing the little D, Zheng Yutong's level is low and his card skills are good (knowing how to memorize cards), but he has no patience. The main reason is that he wants to spend a good night playing cards with the old man.

But Shu Tianzhen likes to play cards with Zheng Yutong the most!

At the beginning, Li Dingchang warned: "If others are willing to let go of No. 1 Enping Road, they have to let go when it comes to nailing the downstairs. It is best for the two parties to hold a signing ceremony, or they announce No. 1 Enping Road under the newspaper. Changing hands."

I know that Zheng Yutong has the tongue and throat, and the Lee family wants to calm things down recently, so they should make trouble again.

Zheng Yutong only valued profit, so naturally he said in a low mood: "That's natural! Business matters, business competition, that's your petty style."

Li Dingchang nodded, that point is true, although the eldest son is ruthless in his work, he always competes in the shopping mall!
"By the way, why did he think of the sudden investment in Xiangjiang Xingye?" Shu Tianzhen asked.

At the beginning of the year, New Era exchanged 3% of the new shares of Heung Kong Industrial with 15 points of new shares, which made Shu Tianzhen also think about it, as if the transaction was wrong.

"Just take a gamble, the new airport should be slow to come out in those two years, and then Hysan's profit will be Philippine!" Zheng Yutong said in a small way.

Is there anything to hide? Although the Happy Hysan project makes money, New Era Group's stock appreciation is lower. In fact, it is a cooperation that is not beneficial to both parties.

"In that case, your new world should consider it!"

Shu Tianzhen said with a smile: "He let Brother Chun step down and exchange it again, and it will also make Brother Chun less prestige!"

Li Dingchang has already said that he will end his retirement next year (remain as the chairman of the board of directors, and let his son be the general manager), so Zheng Yutong knows.

"It doesn't make sense, he still sees far!"

The two chatted all the way, and arrived in Hong Kong Island very slowly. In fact, the two were able to chat, so it felt like time was passing.

This time I was able to invite Li Dingchang to be an intermediary. There is no hope of getting No. 1 Enping Road. Zheng Yutong is in a very wrong mood. After all, it is a low-grade commercial building of 60 square feet, let alone play cards with me for a few nights , even a week is a problem.

Xiaojia also gambles for money, the minimum is only a few million, no one will care!
　End tonight, four chapters combined into two chapters!

　　
　
(End of this chapter)