Hong Kong's new giants

Chapter 724 [Return to Regent Hotel]

A new week begins.

On Monday, New Times Group held its annual financial report conference. As the chairman of the board of directors, Lin Zuhui sat in the middle of the rostrum, with his generals on the left and right sides.

In the audience were domestic and overseas media, and European and American media accounted for a considerable proportion. They held long guns and cannons and focused their attention on Lin Zuhui.

In fact, it was Liang Zhenxun, the financial director of New Era Group, who made the summary of the year-end financial report.

When it comes to the net profit of 431 billion Hong Kong dollars last year, the reporters were a little surprised. We must know that due to the double impact of the Internet bubble and the 911 incident last year, the global economy was sluggish, and real estate was no exception.

When talking about New Times Group's decision to distribute a total of 302.3 billion Hong Kong dollars in dividends this year, the reporters couldn't help but exclaimed, and the scene fell into a row.

When it was mentioned that New Times Group currently has sufficient cash flow and 1350 billion Hong Kong dollars in cash lying in its account, the atmosphere at the scene was once again high.

When it came to the questioning session, the reporters had already raised their hands, which was comparable to the interview scene of a leader of a country.

"Mr. Lin, may I ask how New Era Group managed to grow against the market when the global economy was sluggish last year and even HSBC suffered a decline in performance?"

In the history of HSBC, there have been several performance regressions, and the end of 2001 was one of them.

Everyone likes to compare New Times Group with HSBC, because this is the largest and second largest company in Hong Kong; in terms of market value and annual net profit, New Times Group is the first; in terms of total assets, HSBC is slightly higher.

Lin Zuhui pushed the eye frame (without lenses), and replied with a smile: "It is true that it was difficult to achieve positive growth in the environment last year. The reason why New Times Group was able to rise against the trend was because it sold four Manhattan office buildings at the beginning of last year. Internet bubble, the market is not good. Of course, in addition to this non-recurring profit, New Times Group still has a lot of performance growth, such as the business in the mainland, including real estate, beverages and food; and the acquired shipping Enterprises, also increased the group's revenue."

The media showed admiration one after another. It was a wise move to sell the Manhattan office building. The New York real estate plummeted by 20% when it hit [-]%.

Lin Zuhui's eloquent talk on stage is a good reason to introduce how good his company is to the media, which is conducive to the development of the company.

"Mr. Lin, New Times Group's cash flow has dropped significantly. Are you anxious?"

"Haha, I'm not anxious at all. I always tell them that the difficulties are temporary, and the more we have to invest the funds at this time. The debt ratio of New Times Group is extremely low and the finances are very healthy. We I very much hope that the cash in the account can be invested to bring better benefits to investors.”

"So, the New Era Group will accelerate investment this year? May I ask which areas will it invest in?"

"Real estate, hotels, shipping and aviation, and telecommunications. These traditional fields are still the investment focus of New Era Group."

After a press conference, Xiangjiang was shocked soon.

The next day, almost all citizens in Hong Kong were discussing the dividend plan of New Era Group.

"My God, the dividend is more than 300 billion, how much is it?"

"It's so cool, I'm taking a heavy position in the shares of New Era Group!"

"If you get rich and get rich, I said that you will not lose money if you buy the shares of New Era Group. This is equivalent to nearly 4% of the share price. The stock has risen a lot since yesterday, and I am afraid it will continue to rise."

"From now on, I will buy a few shares of New Era Group every year and pay dividends every year."

For a time, New Times Group attracted much attention in Hong Kong, and even worldwide.

New Era Group.

"dong dong"

"please come in"

"Boss, Zheng Sheng is here!"

Lin Zuhui got up from his seat and greeted Zheng Jiachun with a smile.

"Why come to my office, just make an appointment to play together on weekends!" Lin Zuhui patted Zheng Jiachun on the shoulder and said enthusiastically.

Although he is busy, but friends have appointments, and he will try his best to attend the appointments.

Zheng Jiachun said with a smile: "I'm looking for you to discuss business matters, besides, I also want to come to your place to pay my respects and absorb the good luck of the world's highest commercial command."

"Haha, sit down!"

The two sat down on the sofa and sipped tea.

Zheng Jiachun is 20 years older than Lin Zuhui, plus he is bald and looks old. He was said by the media to be Zheng Yutong's brother; occasionally walking with Lin Zuhui, he can't tell that he is a friend of the same generation.

"Tell me, what business is it?"

Zheng Jiachun said seriously: "Are you interested in the Regent Hotel in the New World Center?"

Lin Zuhui was taken aback for a moment, and then said: "Of course I am interested, why did you think of selling it?"

In fact, he already understood that the New World Group could no longer withstand this wave of financial crisis.

New World Group can only rank fifth in the field of developers in Hong Kong, and it is far from the fourth Henderson, with only 1000 residential units a year, while the top four developers supply 4000 residential units a year above.New World Group also has very little land reserves, and its development costs are higher than those of the four major developers.It is precisely because New World Group likes to invest in rental properties and hotels that its scale lags behind the top four real estate developers for a long time.

The development of real estate (residential) has an advantage, that is, "goods are in rotation", and there are profits to be made even in the real estate trough; coupled with the cheap land of the land reserve, it can be said that the real estate trough still has a good performance.

New World Group developed two commercial complexes, 'New World Center' and 'Convention Center'. The project is indeed large, but it also took up a lot of funds, resulting in falling behind Sun Hung Kai, Cheung Kong, and Henderson.

Li Chaoren and Li Zhaoji understand a truth very well, they rarely work as rent collectors in the middle and early stages.

Zheng Jiachun briefly talked about New World's financial situation, saying that he needed to sell this property to survive this cold winter; even, New World's subsidiaries had to start reorganizing to avoid financial drag.

Lin Zuhui nodded. He seemed to remember that the Regent Hotel was indeed sold to the InterContinental Hotel in his previous life.

"The Regent Hotel is one of my fondest memories. Jiahui and I frequented it back then. Let's set a price and we'll buy it."

The first time he and Guan Jiahui had a room together, wasn't it at the Regent Hotel!
The Regent Hotel was also very famous in the previous life. Zhou Xingchi's movies and Jay Chou's works were used as scenic spots, which were later acquired by InterContinental Hotels and changed to "InterContinental Hotels".

"Well, I know you are refreshing, we have already discussed the price, and we will sell it for 27.2 billion Hong Kong dollars!"

"It's a deal! Good things can't be bargained." Lin Zuhui readily agreed, but the fact is true. If this price is sold to InterContinental Hotel or Marriott Hotel, others will still buy it.

In fact, the Zheng family is very powerful, but they don't like to spend the family's money on the Regent Hotel.

The Zheng family holds about 1% of the shares of New Times Group and about 3% of the shares of Media Group, worth more than 100 billion Hong Kong dollars!

Moreover, the Zheng family's Chow Tai Fook Enterprise has huge assets and holds a high share of Chow Tai Fook Jewelry.

Of course, more than 27 billion Hong Kong dollars is not an easy win for such a family, and the hotel is not a high-return investment. Compared with the Zheng family, they did not consider taking it privately.

Unlike Lin Zuhui, he easily ate it.

Of course, it was purchased by Langting Hotel, which happened to renovate the Regent Hotel and change it into Langting Hotel for operation.

After Zheng Jiachun left, Lin Zuhui called Chen Bin, the president of New Era Group, over.

"Just now Zheng Jiachun from New World came. They intend to sell the Regent Hotel. We have negotiated a price of 27.2 billion Hong Kong dollars. You can arrange the following things."

A gleam of joy appeared on Chen Bin's face, and he said, "No problem! After the acquisition, we can carry out major renovations and then open our Langting Hotel."

Lin Zuhui nodded and said, "Well, I think so too. You can communicate with Jonathan later and transfer it to Langting Hotel."

"Ok, no problem!"

Langham Hospitality Group has 86 five-star hotels (including properties) in the world, and Miramar Hotel Group (privatized) under its umbrella. The entire hotel group is worth more than 200 billion US dollars.

Currently, the 'Langham Hotel Group' owns a five-star hotel in Cyberport in the south of Hong Kong Island, as well as the 'Furama Hotel' in Central, half of which is owned by 'Hengjin Real Estate', which is a company owned by Wang Lingyin of.

There is also the 'New Era Sea View and Conference Hotel' in 'Tsuen Wan Center'. Although this hotel has thousands of hotel rooms and is the largest in Hong Kong, it is in Tsuen Wan after all, and its location is more or less not up to the mark.

The latest plan of Langham Hospitality Group in Hong Kong is to set up the "Ritz-Carlton Hotel" on some floors of the tallest building above Kowloon Station, but it is expected to open after 2008.

"By the way, I plan to dismantle the Furama Hotel and rebuild it into an office building. You can do it and build a first-class beautiful building."

Chen Bin nodded and said, "Okay, I'm going to set up a project team right away."

Lin Zuhui nodded and said, "The main one is the Four Seasons Hotel in IFC. It is expected to open by the end of next year. I have no shortage of places to go."

In the entire IFC, there is only the Four Seasons Hotel and serviced apartments, and there are no China Merchants Hotels in the two high-rise office buildings.

Chen Bin smiled. The Furama Hotel was described by the media as the owner's "family shop", and the owner also liked to entertain guests and organize banquets there.

Now Hong Kong's top luxury hotel, the Four Seasons Hotel, will open at the end of next year, and the owner is one of the three major shareholders of the Four Seasons Hotel, so there is naturally a new place to go.Of course, the hotel ownership belongs to the New Times Group, so it is naturally the owner's hotel.

"The Regent Hotel has undergone major renovations and is expected to open in 2004. The boss has another place to go."

"It is!"

Langham Hospitality Group spent 27.2 billion Hong Kong dollars to purchase the Regent Hotel under New World Group, which sparked a wave of public opinion in Hong Kong.

"New World Group used to have four five-star hotels, but now they have sold two of them. Really."

"The Marriott Hotel in the Convention and Exhibition Center only sold part of the equity, not a complete sale. However, the Regent Hotel has 27.2 billion Hong Kong dollars, but all the ownership has been sold."

"That's it! However, the New Times Group has been very active in the real estate industry in Xiangjiang in recent years. Does this prove that real estate can buy bottoms? And I heard that Mr. Lin Zuhui's confidante, Li Jiaxin, also bought a lot of properties in the past few years. For example, Tung Ying Building and Sogo Building in Tsim Sha Tsui. Judging from this situation, Mr. Lin Zuhui must be optimistic about the future of Hongkong Property. What do you think?"

"Well, it's hard to say! It's not that I doubt the future of real estate, but who knows how long this real estate downturn will last. Most people really don't dare to speculate in real estate now!"

"I think it's time to start, I'll try to buy the bottom! (Try and die, and SAS hasn't come yet)"

Lin Zuhui and Guan Jiahui came to the Regent Hotel in the New World Center, attracting countless eyes along the way.

"Every time you come out with me, it's like walking on the red carpet!" Lin Zuhui turned his head and said to Guan Jiahui who was holding his arm. Although there was a hint of 'blame' in his tone, Lin Zuhui actually enjoyed it very much.

I saw Guan Jiahui wearing a long black dress with a belt, outlining a graceful figure, revealing fair and delicate skin, coupled with her beautiful face and beautiful hair, she is a top-notch 'pay less'.No one would say that she is 40 years old, she looks like a woman who is 27 or [-] years old.

Guan Jiahui held her hand tighter, as if hanging on, and said slyly: "I'm dating the world's richest man alone, of course I have to dress up nicely and solemnly, so as not to embarrass you! Look, many people envy me !"

She acted like a little woman, and her words were like honey, which made Lin Zuhui feel very good.

Under the guidance of the restaurant manager, the two came to a dining table facing the sea.

Seeing Lin Zuhui and Guan Jiahui, the hotel staff murmured in their hearts that the new boss came to inspect so soon.

Everyone in Hong Kong knew that the Regent Hotel had changed owners, and the hotel staff were naturally very happy. After all, the New Era Group was much stronger, and the prospect of joining Langham Hospitality Group was much greater, and they might even be able to work abroad.

In fact, what they didn't know was that the hotel was about to undergo a major renovation and a lot of people would have to be fired.

"Ah Hui, the first time we were at the Regent Hotel, I didn't expect to go around and go around, you just bought it now." Guan Jiahui leaned forward, leaning closer to Lin Zuhui and said.

That touch of spring, even old couples will be moved.

"You still remember!" Lin Zuhui said casually.

"Then how can I forget, I remember every moment! Look, what day am I still wearing the same outfit today, and your favorite black stockings!"

Guan Jiahui showed it, and it really looked like when it was first opened that year. In fact, she was still very girlish at that time, but now she has a less-paying style, and of course she is more beautiful.

"You have a heart, and you know why I brought you here for dinner today!"

"Hee hee, let's develop it later, shall we?"

Guan Jiahui came up again and said in a low voice.

Lin Zuhui didn't comment or not, the woman immediately understood that this man's heart was moved, although she knew that she would have to suffer later, but it was a painful and happy thing.

"This hotel needs a major renovation, so this time I'll take you to recall it. It will be called Langting Hotel in the future."

"That's really great. When we return to Hong Kong, our hotels will be everywhere, Furama, Four Seasons Hotel, Langting Hotel. Wow, there are three places to go."

"Look how proud you are!"

"Of course, although I don't hold shares, I have a family view. It belongs to the Lin family. I feel like it's my own hotel."

This woman is quite sensible, and she is not favored in vain.

As soon as she praised her in her heart, Guan Jiahui quickly fell into an old habit.

"Husband, Jiaxin's business is very big. Sogo Department Store is going to open a branch in the 'Miramar Center' and in the mainland. THE ONE will be completed in more than a year."

Lin Zuhui said angrily, "Why are you always comparing yourself to her?"

Guan Jiahui asked back as a matter of course: "Then you always let me and her be you, why?"

Lin Zuhui was speechless immediately, this woman refuted him so much that he couldn't speak. Of course, he did like Guan Jiahui and Li Jiaxin a little bit.

"Hehe, I'm kidding you, Jiaxin and I are sisters. Besides, I also have a super office building in Manhattan, so I won't be jealous of her! Really, it's just to make you happy. My two women are jealous , you really like it." Guan Jiahui said playfully.

Lin Zuhui looked at her angrily, and the woman looked at him coquettishly and responded.

It's good, come out once in a while for a romantic time alone!
After eating, the two really opened the best suite. After the bodyguard checked it, the two became restless.

Putting Guan Jiahui on the sofa, Lin Zuhui took off her high heels, and after pushing up the skirt, a pair of black silk legs were perfectly displayed.

Not to mention, this woman's legs are really beautiful, even if Li Jiaxin's legs are longer than hers, they are inferior to Guan Jiahui's overall.

Guan Jiahui looked at Lin Zuhui admiring the sliding on his lap, she already felt like she was going to. Holding the sofa tightly with both hands, biting her lips gently and looking at her favorite person.
But when Lin Zuhui raised his head and looked at Guan Jiahui, he couldn't help being touched. The woman's snow-white and delicate skin was half exposed, and her expression was ready to bloom.
At this moment, he pounced on it.

(End of this chapter)