Hong Kong's new giants

Chapter 59 [Real Estate Tycoon]

Lin Zuhui breathed a sigh of relief that New Era Real Estate's finances were fine.

Total assets are 1.6 million, property assets are 1.52 million, book liquidity is 800 million; debts are 1.1 million, and shareholder funds are 650 million.

The current crisis is: bank interest is too high, operating cost losses, facing the risk of creditors applying for liquidation, several development sites are currently "unfinished", banks refuse to lend, and the company's reputation is low
To sum it up: Although the real estate market turned warmer in the fourth quarter of last year, it was not obvious; even many people still feel that the current Heung Kong company has a serious relocation and capital loss, and it is not suitable for property purchases.

On April 4th, there was an 'Official Land Auction', and the Hong Kong government launched the 'Admiralty Land King'. According to Lin Zuhui's knowledge, this is a clear signal of real estate warming.This is a common trick of the Hong Kong government. Before the real estate rises, the Hong Kong government will definitely take out a piece of "Land King" for auction to stimulate the real estate market.

New Era Real Estate urgently needs a sum of funds to repay creditors and some bank loans, and relieve the crisis of being on the verge of liquidation. At the same time, the interest generated will also be reduced accordingly.

Signing the equity transfer agreement with Huang Qianheng did not hold a press conference, and no one in New Era Real Estate even knew about it.

This is Lin Zuhui's special request, he needs to wait for an opportunity!
At present, the total share capital of New Era Real Estate is 2 million shares, and Lin Zuhui holds 8000 million shares, accounting for 40% of the shares.In order to control New Era Real Estate, Lin Zuhui plans to recruit Wang Qilin to be a director in the future, and then recruit Gao Yi to be his assistant.

Gao Yi was the general manager of Paramount in the past, and later worked as an assistant to the general manager of Gaosheng Real Estate. Although Wang Qilin did not exclude him, he was not Wang Qilin's direct descendant after all, so he was not considered the core management of Gaosheng Real Estate.

But Gao Yi and Lin Zuhui have always been in contact. Lin Zuhui introduced him to Gaosheng Real Estate, otherwise he would have lost his job.Lin Zuhui likes Gao Yi one thing, that is, he has professional ethics, and if he serves that boss, he is loyal to that boss.

On March 3, Friday, "GOOD" magazine was officially launched, attracting the attention of the industry.

"Founding Issue - Editor-in-Chief - Xu Shenglin, Shao Guohua"

"[-]/[-] Youth Magazine"

"Urban Surprise"

"Campus Complaints Unit"

"Campus Comics - XZ Kid"

"S.K.H. Jixiao Secondary School, Wellington English Middle School, Jiangsu and Zhejiang Public School, the school flower and school grass come first!"

"With Three Lonely Hearts - Participation Form"

"GOOD" magazine did not choose to advertise in newspapers and TV stations, but directly hired a large number of temporary student workers, and directly carried out leaflets, posters and other publicity on campus.

On some newsstands near the campus, staff from Wanhui Publishing House supervised the battle on the spot.

The first issue of "GOOD" is 5 copies, and each copy is 11 yuan. After all, students don't have much money, and as far as Lin Zuhui knows, the peak sales volume of this magazine was only 10 copies in the previous life, so it's better to be conservative.

Three days later, the phone of Wanhui Publishing House kept ringing, and the sales of "GOOD" magazine outside were crazy!

Advertisers called one after another to discuss the advertising space.

At the same time, Wanhui Publishing House decided to print 2 more volumes, just in case.

As the boss of "FHM" and "GOOD" magazines, he was dubbed a "publishing tycoon" by the media one after another.

20 years of age!

Two best-selling magazines in hand!

The annual profit is about 2000 million!
Start from scratch!

The media dug out all the information about Lin Zuhui one after another. For a while, Lin Zuhui's foundation was dug out to the bottom.

The partner of Great Wisdom Investment, the strategist who assisted Gaosheng Real Estate to go public!
The backer was actually billionaire Wang Qilin!
The media reported Lin Zuhui crazily. Except for not having a single photo, other things were 'cleanly dug'.

Moreover, the citizens of Xiangjiang love to watch this kind of "history of the fortunes of tycoons", and Lin Zuhui's fame has reached that of the heads of the four major families in a short time.The main reason is that he is too young, and he is still self-made, which gives many people room for fantasy.

The public opinion is fierce, and Lin Zuhui has no power to resist at all, so he can only let those media make up.

Early April.

Lin Zuhui's fame briefly approached that of the heads of the four major families. He immediately made a decision and announced that he would be in charge of New Era Real Estate.

All of a sudden, the media were dispatched again!

"Surprised the 20-year-old chairman of a listed company!"

"Young people don't know the heights of the sky and the depths of the earth, and tens of millions are in vain!"

"The illegitimate son, Lin Zuhui, spends a lot of money and wants to be the chairman of a listed company!"

"The illegitimate son of the Lin Baixing family wants to become the chairman of a listed company and take revenge on the Lin family!"

All kinds of public opinions came overwhelmingly, pushing Lin Zuhui into the limelight.

Of course, many media also gave high evaluation:
"Publishing house tycoon wants to be a real estate tycoon!"

"A miracle of self-made, holding two best-selling magazines, and controlling a listed real estate company with over [-] million assets."

On the board of directors of New Era Real Estate, Huang Qianheng still sits as the chairman, which is the respect Lin Zuhui gave him.

Of course, it's just this time, not the next one.

Huang Qianheng said: "Dear directors, you must know that the person next to me is the new major shareholder of New Era Real Estate. The company's current problems are very serious, and turning losses into profits is the top priority. I admit that I am powerless and lack confidence, so I will We hope to introduce new capital and try to save New Era Real Estate.”

As soon as the words fell, all the directors showed angry and sad expressions. They looked at the young Lin Zuhui. Even though the rumors were very fierce, they still didn't believe that a 20-year-old young man could become the chairman of a listed company and lead the company. A real estate company with assets of over [-] million came out of the predicament.

Without waiting for the directors to attack, Lin Zuhui said directly: "There is no situation that can be worse than the current New Era Real Estate! It can be said bluntly that I was originally in the shell business, and at the beginning I planned to sell the assets of this company. Restructuring, buying shells, raising shells, and selling shells, after a series of operations, I can earn at least 5000 million. But in this case, the value of the shares in the hands of directors and shareholders will be hard to say!"

A director said angrily: "Our company is a pure real estate company, which is different from your Paramount operation!"

"In fact, it's easier to operate. You don't need to divest the assets, just sell the assets and repay the bank interest. In the end, there are only a few high-quality properties left to support the status of the listed company, and then slowly find new buyers."

Lin Zuhui's words made it impossible for everyone to refute. He is now the major shareholder with a shareholding as high as 40%. They are just small shareholders who are at the mercy of others.

A director asked, "What does the chairman mean now?"

Take it easy!
Lin Zuhui didn't show off, but said: "I'm already preparing the company's asset reorganization plan. The general plan is: reduce the face value of the original shares from 1 yuan to 0.5 yuan (the face value is not the market value, the face value is printed on the stock when it goes public. ) to offset losses; and then inject new funds in exchange for issuing warrants to pay off debts and pay the bills, and the new capital will use 4000 million real money to inject new era real estate.”

Lin Zuhui's words shocked everyone immediately. This asset restructuring plan is simply too beneficial to New Era Real Estate!
Although everyone's shares will be diluted, at least the company's assets have increased, and the company can survive; to sum up, New Times Real Estate needs a sum of 4000 million yuan to save it.

Soon, everyone didn't care about Lin Zuhui, and elected Lin Zuhui as the chairman and general manager at the meeting.

Lin Zuhui also suggested that Gao Yi be the assistant to the general manager, and everyone passed it smoothly.

Since then, Lin Zuhui has barely grasped New Times Real Estate, a company on the verge of liquidation, but the subsequent asset reorganization is not that simple.Fortunately, Lin Zuhui has a team he trusts—Great Wisdom, and with Wang Qilin as his backing, there is no problem relying on Lin Zuhui's ability.

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(End of this chapter)