Hong Kong's new giants

Chapter 774 [Boss Lin]

In May, two acquisitions of New Era Group were concluded, which aroused great public opinion in Xiangjiang.

They are:
Futura Group spent US$78 billion to acquire IndCor, the largest industrial real estate company in the United States;

Times Shipping spent 11.5 billion US dollars to win the logistics company of Singapore's "Oriental Neptune Shipping" - Meiji Logistics.

The two acquisitions worth up to 90 billion US dollars are undoubtedly very shocking, but considering that it is the New Times Group, the citizens of Xiangjiang have become accustomed to it.New Era Group started its business through acquisitions, and is also well-known in the world. This year, it even ranked 500th among the world's top 48 companies, with outstanding performance.

Morris, the president of Times Shipping, came to Lin Zuhui's office to report on work, and Lin Wenjie also participated in it.

Lin Zuhui would never miss the time when he could personally teach his son, especially when it was related to the prospect of an important business.

"The shipping situation is still not optimistic. Neptune Orient accounts for 3% of the global container shipping capacity, but has incurred a loss of nearly US$10 billion in the past few years. Our container business accounts for 13.5% of the world. The mainland and Japan have formed a shipping alliance, and many other reasons, under the integration of resources, last year barely maintained a profit of 3 million U.S. dollars."

Lin Zuhui said calmly: "It's like this in shipping. When you make money, you earn desperately, and when you lose, you lose desperately. Whoever can survive the cold winter will be the overlord of the industry."

In the days from 2003 to 2008, including ship/aircraft leasing in the era of shipping (an important profit), the average annual profit was as high as 90 billion U.S. dollars, earning more than 500 billion U.S. dollars in six years; this is not counting the final sale of 60 billion U.S. dollars If the second-hand ship is added to this cost, it will earn 600 billion U.S. dollars.The initial investment was almost twice as profitable.

Morris said: "It is difficult for the container business to have the same market conditions as in 2003-2008. Fortunately, our logistics/transportation, port/tugboat, and aircraft leasing have grown."

Lin Zuhui thought about it for a while. He knew that there would be no big market in shipping, but the more this happened, the more he could maximize profits through market share and resource integration.

"Let's keep an eye on Neptune Orient. Next year, we can try to get in touch with the acquisition issue, because I think it will bottom out in the last three years. Although it won't rebound much, it is obviously very good to increase profits through market share. What's more, Maersk Biting us, Times Shipping also needs to stabilize its market share.”

Morris immediately said: "The biggest problem with the acquisition of Neptune Orient is the review by the European Commission. Since the peak of shipping in 2003-2008, the EU has attached great importance to the shipping industry. It can be said that if it were not for the trough of shipping for more than ten years, our era It is also very difficult for shipping to take down China Iron and Steel Corporation.”

Lin Zuhui nodded. It seems that the acquisition of Oriental Neptune is an Asian matter, but it must pass the review of the European and American Business Council, unless you do not do business on Asia-Europe routes.

"There is no need to force it, but if the conditions are right, we will win it. To sum up, we are more willing to invest in logistics."

"Yes."

Then, Morris said: "What does the boss think of Prologis Singapore?"

Lin Zuhui asked back: "Are you interested in the logistics business of ProLogis in the Mainland?"

Morris nods!

After thinking for a while, Lin Zuhui said: "GLP in Singapore is not a good choice. They have invested heavily in logistics in the mainland, so there are many legal and political issues. Moreover, the logistics business of GLP and our time shipping is relatively high. , there is absolutely no need to buy."

Morris nodded in admiration. He just saw that the boss seemed eager to acquire, so he proposed.

Sure enough, Lin Zuhui sighed: "This year is the last year for New Era Group to make major acquisitions, and it will almost stop a large number of acquisitions from next year."

Anyone who is familiar with Lin Zuhui knows that he is the one who "doesn't earn the last penny", but he can "earn the last two cents", and the card position is very accurate.

Suddenly, Lin Zuhui had an idea and said: "Morris, you should inspect Ingram Micro (an international IT distributor) in the United States, and then make a report on the feasibility of the acquisition, and make a report at the high-level meeting later."

Morris nodded immediately and said, "No problem!"

To be honest, Lin Zuhui must be very sure that the company that can be acquired by the New Era Group with a large sum of money this year can make money, otherwise he would not take risks at all.

Ingram Micro is the world's largest IT distributor, ranking more than 500 of the world's top 200. Although it ranks so high, it does not mean that it is very profitable; Ingram Micro has an annual turnover of about 300 billion U.S. dollars, but its profit is only 2 million U.S. dollars , companies like this.

The world's top 500 companies look more at the annual turnover and ignore the annual profit.

Companies like Ingram Micro typically have high turnover and extremely low profit margins, which can’t even reach 1%. The same is true for Li & Fung Group, including Xiangjiang, with such low profits.

This is the norm in the trade and logistics industry. The main business of Li & Fung Group is clothing trade. Orders are placed in Europe and the United States. Li & Fung Group acts as a middleman, looking for factories to manufacture, and then deliver the goods.

Ingram Micro is an IT distributor, so margins are very thin.

The reason why Lin Zuhui thinks that this company has a future is because of an incident in his previous life: HNA Group bought Ingram Micro International for 60 billion US dollars. At the time of the acquisition, the profit was 2 million US dollars, equivalent to 30 times the price-earnings ratio of the purchase; Profit has increased rapidly in the past few years, once reaching US$6 million a year, but when HNA was about to close down, it planned to sell it for US$58 billion.

Lin Zuhui couldn't understand the twists and turns in this even in this life.

Anyway, Lin Zuhui intends to buy it as his own property.

At present, the size of New Era Group, even if it has a price-earnings ratio of 30 times, will be acquired.

As long as it is higher than the bank interest rate, Ingram Micro International has a lot of room for growth.

After Morris left, Lin Zuhui said to Lin Wenjie: "Do you know why I said this year is the last year of the group's big acquisition?"

Lin Wenjie thought for a while, and said: "The ZZ problem and we have already bought a lot of bottoms. It's time to digest it and maintain sufficient cash flow."

Lin Zuhui patted Lin Wenjie on the shoulder, and said seriously: "I have made such rapid progress this year because I am confident that I will not leave you with a mess. And if you become the president of the group, you must remember, don't take risks, and be truly steady Don’t forget to develop, and don’t forget to be stable. In addition, not only the appearance of Xiangjiang, but also the more important Yankees will not like the emergence of countries that challenge it. Therefore, it will become more and more difficult to make money in the future. Therefore, starting next year, the group Save money! Since 09, we have been buying bottoms for many years.”

Lin Wenjie has admired Lin Zuhui since he was a child, and his personality is actually more stable than Lin Zuhui, and he is much more low-key. It can be said that if Lin Zuhui is not time-traveling, he is not as good as him at all.

Just from the fact that Lin Wenjie can get married and have children with his first love, and he doesn't show off his wealth or make a high profile, it can be understood that he is a good successor who keeps money.

"Father, don't worry, I will keep it in my heart. Prudence is the most important thing, and I will never make rash progress."

"Okay! Our family has enough money and the company is big enough. It is easy to conquer the country, but it is not easy to defend the country. I hope you will keep it in mind."

"Well, I always keep in mind that it is not easy to guard the country!"

This kid is also very talented in speaking, and he doesn't even agree that it's easy to beat the country.

After Lin Wenjie left, Lin Zuhui smiled.

Is he saving HNA?
In her previous life, HNA bought and bought overseas—the Waldorf Astoria Hotel in New York (US$20 billion), 25% equity in Hilton (US$65 billion), and Ingram Micro International (US$60 billion).

HNA has no hope of winning these three assets.

At this time, Lin Zuhui has no plans to hand over the identity of the major shareholder of Hilton Hotel (currently holds 52.5% of the shares, with a market value of 285 billion US dollars), and intends to stay in the hands of Barings Bank.

As for the Waldorf Astoria Hotel (property) under the Hilton Hotel, although it can be released, it must be at least 2017.

The Grand Hyatt Hotel is holding a wedding, which is the marriage of two wealthy families in Xiangjiang, He Zhuguo of the Tobacco Company and Lin Jianyue of the Lixin Group.

With the arrival of several Xiangjiang heavyweight government officials, reporters became curious.

"Will Mr. Lin Zuhui participate? The last time the three generations of the He family got married, Lin Zuhui only stayed for 5 minutes, which is shorter than Li Chaoren!"

"Then there is no way. After all, Mr. Lin Zuhui rose in the 80s and has a casual relationship with the He family. Besides, Li Chaoren and the He family have been in a relationship for many years, and they only stayed for 8 minutes."

"It's cool to have tea, not to mention that both of them are world-class businessmen, so they are naturally busy with work. The He family has a good relationship on the opposite side, but those two are not 'one-hearted', global development. Take a look at the recent two Almost all of the investments are in Southeast Asia, Europe and the United States, and Li Chaoren is still withdrawing Hongkong and mainland assets!"

"Today's wedding is different. Lin Baixin and Lin Jianyue are from Chaoshan. Li Chaoren will definitely stay for dinner, but I don't know if Mr. Lin Zuhui will stay?"

"Not necessarily. There are so many children in the big family. Mr. Lin Zuhui participates every time, so there may not be enough time!"

"Lin Jianyue seems to belong to the big D club too?"

"But Lin Zuhui stopped playing with them more than ten years ago. After all, his identities are different, so there is the saying of the shadow leader."

For a while, everyone was concerned about whether Lin Zuhui would come or not, and whether he would eat or not.

in the hotel.

Lin Jianyue and He Zhuguo are taking a photo with Li Chaoren and his son.

After the group photo was over, Lin Jianyue and He Zhuguo also looked at the door expectantly. Whether that person can come or not determines the weight of the two families in Xiangjiang. This is reality.

If Superman Li is a businessman in the world, and Zuhui Lin is the most influential businessman in the world, no one can outdo him, not even Bill Gates.

In Singapore, it can be said that Li Chaoren is engaged in a monopoly industry, but he praises Lin Zuhui for his outstanding contributions to mankind.

The reason is simple. Lin Zuhui’s investment in companies such as Netscape, YAHOO, Amazon, and Google has also made contributions to the cause of human science and technology; not to mention, there is Lin Zuhui’s shadow behind Xiaomi Technology and Tesla; the most important thing is , "Hong Kong culture", "game software", and "Hong Kong comics" are the absolute foundation laid by Lin Zuhui.

In recent years, Singapore's economy has developed rapidly, but Xiangjiang has not been bad at all. Lin Zuhui's contribution in this is well known.Take last year as an example, Singapore's GDP was 3000 billion US dollars, while Hong Kong's was as high as 3700 billion US dollars (more than 30% higher than the previous life, exceeding the previous record).To be honest, even Lin Zuhui himself underestimated the influence of the cultural industry.

At this time, the bride and groom are also very concerned about whether the world's richest man can come. It seems that it is none of their business, but whether Lin Zuhui can come will have a certain impact on the family and the future development of the two.

The couple looked at Lin Wenjie and felt a little happy in their hearts. After all, Lin Wenjie, as the eldest son of Lin Zuhui, is now taking over the New Times Group, and his weight is large enough. Zheng Jiachun, Guo's three brothers, and Li Jiacheng, the second generation, have a higher weight.

Xiangjiang is a highly resourceful society, where career and wealth determine influence.Lin Wenjie's wealth exceeds the sum of Li Chaoren and Li Zhaoji, but his qualifications are less senior.

Lin Tian'er looked at Li Jiaxin again. She was also a famous lady in Xiangjiang, but her status was obviously one level lower. Li Jiaxin was a famous lady of the same level as Miss He in Xiangjiang, belonging to the top socialites.

And Lin Tian'er can only be regarded as a first-line celebrity.

It seems that there is a difference of one level, but it is an insurmountable gap.Because the top celebrities have their own industry, and this industry can be among the women's wealth list.

"Lin Sheng is here!" followed the greetings of the guests.

The bride and groom breathed a sigh of relief, showing a hint of joy.

Even Lin Jianyue and He Zhuguo immediately showed happy expressions, and walked towards Lin Zuhui together with smiles on their faces.

The guests all looked at Lin Zuhui and smiled. Of course, they were even more surprised. Lin Zuhui, who is almost 50 years old, looks less than 40 years old (in fact, this is the reason for the old-fashioned appearance. up).

"Congratulations, talented man and beautiful woman, a match made in heaven!"

"Thank you, Lin Sheng has won the prize!"

"Lin Sheng is here, it's really radiant!"

After some greetings, Lin Zuhui sent his own gift certificate and was invited by the organizer to take a group photo.

Ever since, Lin Zuhui and Lin Wenjie took a photo with Lin Jianyue and He Zhuguo.

Lin Zuhui also saved face and stayed for dinner.

The reason is actually very simple. It’s just that Lin Jianyue is also a member of the Big D Club. Of course, the Big D Club is not an official combination, nor has it publicly acknowledged the existence of this organization; but he is actually a social circle. Long ago, Lin Zuhui would often Gathering with everyone, but after the millennium, he will hardly attend the gathering of this group, so he is called the shadow leader.

During the period, the guests were also accustomed to the fact that the host regarded Lin Zuhui as the No. 1 existence, more noble than the third term.

After all, it is clear at a glance whether a local politician is important or a world consortium boss is more important.Especially Lin Zuhui's contribution to Xiangjiang business, even in the eyes of the public, Lin Zuhui has great influence.

To save face, but Lin Zuhui still left the banquet early, after all he was very busy.

The next day, the media reported one after another that although Lin Jianyue's family and He Zhuguo's family were the protagonists, it was obvious that the media still placed Lin Zuhui as the protagonist.It feels like Lin Jianyue's family has status in Xiangjiang only if Lin Zuhui can attend this wedding.

(End of this chapter)