Hong Kong's new giants

Chapter 450 [Acquisition of Miramar Hotel]

Beginning in mid-May.

On Monday morning, Lin Zuhui's office welcomed a guest, He Tian, ​​whom he met before the acquisition of Hengchang Enterprise.

When Lin Zuhui acquired Hengchang Enterprises back then, he had a lot of goodwill, and he was not too aggressive from the beginning to the end, and the premium was very high, which was considered a goodwill acquisition.For the subsequent rectification, Lin Zuhui also personally visited the three elders of Hang Seng to explain the reason, which can be said to be full of etiquette.

Lin Zuhui drank tea with He Tian, ​​who was in his eighties, and said unhurriedly, "Old He, you have nothing to do but go to the Three Treasures Palace!"

He Tian put down his teacup and said with a smile, "Then Lin Sheng guesses, I have something to do, what should it be?"

He knew Lin Zuhui's ability. When he acquired Hengchang Enterprise, although he bought it in good faith, he couldn't stand against Lin Zuhui's accurate grasp of the general trend at that time.

The three elders of Hengchang thought that the 'oil crisis' was about to break out, which would affect car sales; in addition, the trade in the Mainland was not easy at that time.

Who knows, in less than two years, the situation has changed drastically; not only the automobile, grain and oil trade has flourished, but even the property has appreciated to varying degrees.

Of course, this was obtained by other people's real skills, and everyone did not regret it!
Lin Zuhui thought for a while, then tentatively said: "What about the Miramar Hotel?"

Although Miramar Hotel is owned by Yang Zhiyun's family, after Yang Zhiyun's death, He Tian was the chairman of the board of directors.

However, He Tian, ​​He Shanheng and others only hold a small amount of shares, and the Yang Zhiyun family should be around 34%.

He Tian said in surprise: "Lin Sheng deserves to be the fastest-rising rich man. Just his ability to check people and look at them is extraordinary!"

Lin Zuhui hurriedly humbled himself, and then said: "If it's really about the Miramar Group, as far as I know, the major shareholder, the Yang family, holds about 34% of the shares. I'm afraid I won't be able to be that villain and take away other people's property!"

Since the 90s, New Times Group has not had any hostile takeovers. After all, Lin Zuhui also needs fame.It needs to grow at the beginning, so it is inevitable to achieve rapid development and growth through acquisitions.

Today, Lin Zuhuigui is the "Chinese President" of Xiangjiang, so there is absolutely no need to hostilely acquire the Miramar Hotel.

He Tian was a little surprised, but soon felt relieved that it was true that others hadn't had a hostile takeover for a long time.

"Although I came to you to represent the meaning of several small shareholders. However, the Yang family is not the same voice. Except for the boss Yang Bingzheng who hopes to stay in the Miramar Hotel, the rest of the brothers all advocate selling shares and emigrating. U.S."

Yang Zhiyun has five sons, including Yang Bingzheng, Yang Bingxian, Yang Bingjian, Yang Binggang and Yang Bingliang.After Yang Zhiyun's death, the eldest son managed the Miramar Hotel, and the other four brothers all had their own development.

Through the Yang Zhiyun family and the Guo Desheng family, Lin Zuhui understood that the brothers must not be allowed to participate in the company's management together, otherwise, sooner or later, people will have an opportunity to take advantage of it.

Of course, this is also because Yang Zhiyun's family is not rich enough, so the heirs hope to sell their property to obtain a better life.

As for the civil strife in Guo Desheng's family, he did not hand over the family business.

Lin Zuhui pondered for a while and said, "If that's the case, I'll think about it! In short, if I really intend to acquire it, I will definitely have the greatest goodwill!"

When He Tian heard the words, he said, "Then wait for the good news from Lin Sheng!"

Lin Zuhui nodded with a smile, and sent He Tian away.

After He Tian left, Lin Zuhui became thoughtful. He never thought of buying the Miramar Hotel.But now, he is seriously thinking about it.

Miramar Hotel is one of the three blue-chip stocks in Xiangjiang, and its properties are very rich.

The properties under his name are mainly the Miramar Hotel on Nathan Road and the Miramar Plaza on Kimberley Road for rent; the former has 3.6 square feet and the latter covers an area of ​​8.6 square feet. Ten thousand square feet; it can be said that there are about 600,000 square feet in total.

In addition, it has the right to jointly operate and manage the Nanhai Hotel in Shekou, and has Knutsford Terrace and Cuihengtun Restaurant in Hong Kong.

The rent-collecting property on Nathan Road in Tsim Sha Tsui alone may be worth 150 billion in more than a year (ideal state).

Today, the stock price of Miramar Hotel is 12.5 yuan per share (5 million shares), and the warrants are 6 yuan per share (1.2 million shares).

If you buy with a good-faith attitude and buy at a premium of more than [-]%, the temptation is still very strong (usually at this level).

However, Lin Zuhui himself has no relationship with Yang Bingzheng, and the Yang Zhiyun family has a very good relationship with Lee Shau Kee and Zheng Yutong. If Yang Zhiyun seeks them as helpers, Lin Zuhui's acquisition will only fail, and he will not make trouble because of such things.

Moreover, even if Yang Zhiyun resists, Lin Zuhui will not hostilely take over, he cares about his reputation in Xiangjiang.

There are no fathers and sons in the mall, and naturally there are no friends!In the previous life, after Li Chaoren proposed to buy the Miramar Hotel, Li Shauji still chose to join. It was because Yang Bingzheng took the initiative to find Li Shauji, and he had righteousness first; Then joined the competition.

Lin Zuhui began to analyze his own advantages:

First of all, if it is purchased at a price of 17 Hong Kong dollars, it is equivalent to a [-]% premium, which can be described as full of goodwill.At this price, there will be almost no opponents, and the current funds of Li Zhaoji and others are not enough to join the bidding.And with Li Chaoren's temperament, he would not give this price.

Secondly, since Yang Bingzheng still wants to keep his ancestral business, let him continue to manage it, there is no need to drive others away.He is the general manager and he is the chairman of the board of directors, so he can cooperate and discuss.

Lin Zuhui's acquisition of the Miramar Hotel aims to enter the mid-range hotels (three or four star) hotels in the Mainland (fast payback, as soon as [-] years), as well as the high-quality properties of the Miramar Hotel and Miramar Plaza in Tsim Sha Tsui.

Yang Zhiyun's lifespan is not long. Once he dies, he can let his own people take up the post of general manager.

Thinking of this, he decided to give it a try!But he will not have to buy it. The price of 17 yuan is the highest. After all, this price is almost a year later.

He approached Liang Zhenxun and asked, "How is the Microsoft stock acquisition going?"

Liang Zhenxun replied seriously: "I am paying attention every day, and I have bought a little over 0.5% so far, and I can buy all of them this month!"

Investing in real estate and securities in the United States is done through a subsidiary company, Fuli Real Estate, which has been operating American real estate and investment for more than ten years.

Lin Zuhui nodded in satisfaction, and said, "Well, it's a long-term investment, so don't cause too much movement. What about the funds in the account?"

Although it needs to pay 20 billion Hong Kong dollars to buy Microsoft's stock, after all, it has just sold two buildings to Swire Properties and returned 16 billion funds.

Liang Zhenxun said: "The working capital of 115 billion is very sufficient. Even if 30 billion is reserved for the start-up funds of the mainland projects, it is still very sufficient!"

Lou Li is rolling in, making the cash flow of New Era Group unrivaled.

For Hengchang Holdings, the current profit can reach more than 18 billion per year, which is also very powerful.

Lin Zuhui said: "I plan to acquire the Miramar Hotel, which will cost about 30 billion yuan, so prepare yourself!"

Liang Zhenxun showed a gleam of joy on his face, the Miramar Hotel is a high-quality asset!

"Okay, I'll prepare right away!"

"Suddenly" broke out in the market that New Era Group intends to acquire the Miramar Hotel, and all parties focused their attention for a while.The media even exposed that it was the director of the Mira Hotel who invited Lin Zuhui to acquire the Mira Hotel.

The Miramar Hotel can be said to be the ancestral business of the Yang family, but the founders are a group of foreign priests. In the early 20s, there was a small church hotel in Tsim Sha Tsui, Kowloon, which specially accommodated the clergy of the expelled inland churches.

In 1957, Yang Zhiyun, a businessman from Zhongshan, bought this small hotel by chance.After several expansions, by the 70s, Miramar was already a first-class hotel with more than a thousand rooms.

In the early 80s, Carrian and Landmark jointly purchased Miramar Wing (8.6 square feet) at a price of 28 billion yuan, causing a sensation in Hong Kong.Later, Carrian went bankrupt and Hong Kong Land was heavily in debt, which resulted in the failure of the transaction. The two parties went to court, causing a sensation in Hong Kong again.

In 1985, Yang Zhiyun passed away, and his son inherited his father's business, and Miramar is still flourishing.By 1989, Hong Kong's tourism industry was in an unprecedented depression, and the occupancy rate had not exceeded 1991% by 50.The Yang brothers were criticized by many shareholders, and Ho Tim, the veteran of the group, became the chairman of Miramar Group.

In March 1992, Hong Kong's tourism industry turned prosperous. However, the conflicts among the major shareholders did not disappear because of this.Moreover, the Yang brothers are not united like a piece of copper. The elder brother Yang Bingzheng is determined not to give up his ancestral business, while his younger brother Yang Liang advocates going to the United States for development.This is a godsend opportunity for foreign powers to "invade".

Among the strong outsiders, Lin Zuhui, the richest man in Xiangjiang, is the first to be promoted. With the financial resources of the New Era Group, if he wants to win Miramar, it is like catching a turtle in a jar.

A financial commentator said: "Hong Kong is full, and no one can match it!"

In the market, everyone said: "Miracle is doomed."

New Times Group made a quick move, because they were worried that Yang Bingzheng would seek help from Lee Shau Kee, so they called Yang Bingzheng and Mrs. Yang (wife of Yang Zhiyun) on behalf of Liang Botao, the financial advisor of New Times Group.

During the phone call, Liang Botao stated three acquisition conditions:
First, ordinary shares are 17 yuan per share (a premium of 8.5 percent), such as equity certificates are 34.5 yuan, non-comprehensive acquisitions, and the target is [-]%.

Second, after the acquisition, Yang Bingzheng was still recognized as the general manager and managed the business of Miramar Hotel.

Thirdly, the Miramar Hotel will not tear it apart. Instead, the New Era Group will support the development of the Miramar Hotel in the Mainland and establish a large hotel brand.

Miramar Hotel.

Mrs. Yang summoned five brothers, Yang Bingzheng, Yang Bingliang, Yang Bingxian, Yang Bingjian, and Yang Binggang, to discuss.

After Mrs. Yang told the conditions of the New Times Group, the four brothers Yang Bingliang, Yang Bingxian, Yang Bingjian, and Yang Binggang were all overjoyed.

The second child, Yang Bingliang, even said directly: "The conditions are very good, with a premium of more than [-]%. He is worthy of being the richest man in the Chinese community. He is not sloppy in his work. Others let the boss continue to be the general manager, which is full of good intentions. And the Miramar Hotel and the New Times Group , long-term development is also very beneficial, as you can see from the big hotels.”

Yang Bingliang has been managing the Yang family's real estate companies in the United States in San Francisco and New York since the mid-80s.

This person is still a flirt, and has been in love with supermodels Zhang Tianai, Zhen Ni, and Ye Qianwen. He is still unmarried at the age of 35. He can be described as a full-fledged love prodigal, but he is not a playboy, because they are all normal love affairs.

The rest of the brothers agreed, but only Yang Bingzheng said: "I also want my younger brothers to use the money to develop their own careers. I don't want to be a drag on our ancestral property and alienate our brothers' feelings. But if you want to sell, fourth uncle may be a better choice , after all, we are not familiar with Lin Zuhui, cooperation may not be at ease."

However, Yang Bingliang said: "Although it is good to cooperate with the fourth uncle, he may not be willing to pay a premium to buy it. As for the cooperation, we are not at ease. Others even cooperate with the Kadoorie family. We have nothing to worry about. The most important thing is, Regarding Miramar’s prospects, I am still more optimistic about the progressive New Era Group.”

The rest of the brothers only want to sell their assets, and they don't care who the target is, so they also think that the New Era Group is more suitable!
Only Mrs. Yang thought about her friendship and agreed with her eldest son.

"The shares to be sold by the Yang family should go to the one with the highest price, but our situation is quite special, because the fourth brother and my late husband are good friends, and my late husband has been a director of Henderson Land during his lifetime. , even if the purchase price is the same, I will sell it to the fourth brother without any consideration." "

"Boss, go and ask your fourth uncle's opinion. If he has the same conditions, we will consider him. Even if it is 16.8 Hong Kong dollars, if he is interested, we will also consider him. However, in order to avoid offending others, we negotiated with fourth brother , you must keep it a secret."

Yang Bingzheng nodded!

(End of this chapter)