Wolf of Xiangjiang

Time flies, and it is already 2016.

On January 1, the Taifook Group announced a major asset reorganization: Taifook Group, Wheelock Holdings and Taifook Infrastructure Group, three companies with a market value of more than 9 trillion yuan, will be merged, then split into three new companies and then listed again.

When the news came out, the market was shocked!
Because on this day in 2015, Li Jiacheng's two main forces, Cheung Kong Holdings (0001.HK) and Hutchison Whampoa (0013.HK), both announced that the company would be reorganized. After the merger, the company would be split into two new companies and re-listed. In June of that year, the two split companies, Cheung Kong Holdings and Cheung Kong Properties, were indeed re-listed, but the place of registration was changed to the Cayman Islands, which also triggered investors' speculation that Li Jiacheng would withdraw from Hong Kong.

Now, Hong Kong's biggest 'Optimus Prime' and 'business leader' has done the same thing a year later, shocking the media in Hong Kong, the Mainland and even the world.

You should know that the glory of Hong Kong today is due to the extraordinary contribution of Lam Ching-kit. He knows how glorious it is to have 'Hong Kong's prosperity through flow of people' and 'Hong Kong's prosperity through science and technology', and how he made Hong Kong a true 'New York, London and Hong Kong'.

In fact, since 2015, Taifook Group and Chinese Estates Holdings have also followed Li Ka-shing's footsteps and cashed out a lot of assets (Li started cashing out in 2013); Taifook Group was at least polite, while Chinese Estates Holdings cashed out at a faster pace.

Fortunately, 'Don't let Li Jiacheng run away' did not become 'Don't let Lin Zhengjie run away', and it was well worth waiting for one more year.

There are three reasons why Lin Zhengjie is more patient than Li Jiacheng:

First, he did not intend to cash out all of it, as he was optimistic about China's economy in the "long run". Therefore, he only cashed out some projects in "non-core cities" and "non-core commercial assets".

Second, in the residential sector, development will only run until 2019, and no land has been invested since 2013 (there was also little investment in 2011-2012), so there is no need to sell land in this area.

Third, the Taifook Group still regards the mainland as an important market, such as beverages and food, media and entertainment.

Therefore, Lin Zhengjie's cashing plan is to cash out as much as he can in the five years from 2015 to 2019, while still maintaining relations with the mainland, which can also stabilize everyone's confidence.

Not to mention the mainland, even assets in Europe and the United States will be cashed out between 2017 and 2019.

To put it bluntly, Lin Zhengjie is about to retire and his assets will shrink, which is reasonable.

On the day when the Taifook Group’s restructuring plan was announced.

As the chairman of the three companies, Lin Zhengjie, together with his three sons, capable men Yuan Tianfan, He Fangtang, Tang Yanjian and other senior executives of the "Taifu Group", held a press conference to answer questions from the outside world.

The outside world has questioned whether the restructuring of the Taifook Group means that Lin Zhengjie will move the company to an overseas registration and withdraw from Hong Kong.

Lin Zhengjie responded seriously:

"Whatever they say is fine. Over the past decade or more, more than 75% of companies listed in Hong Kong have been registered overseas, such as the Cayman Islands. It's not that these companies have no confidence in Hong Kong, but they are all for the convenience of doing business, including many private and state-owned enterprises in China. Just because they are registered overseas, they can't be relocated."

"My confidence in Hong Kong should have been firmly recognized in 1997."

Later, the second son, Lin Wenliang, added: "We took Husky's shares from overseas to Hong Kong for control this time. This is because we have confidence in Hong Kong."

Husky is a Canadian energy company specializing in deep-sea oil and gas exploration and development. It was listed on the Toronto Stock Exchange in Canada in 1999.

At the same time, Chen Gaozhiye, secretary of the board of directors of Taifook Group, also explained: "The relocation to the Cayman Islands involves technical factors. The three group companies have to go through a complicated 'share swap'. Such a transaction cannot be completed under the current legal framework of Hong Kong."

The biggest "highlight" of this reorganization is that the Lam family will directly control the three groups (Whelock and Taifook Infrastructure were originally controlled by Taifook). After the re-listing, the Lam family will hold about 30-33% of the shares of the three companies. (Previously, Lam held 49% of Taifook Group, and Taifook held 61% of Wheelock and 65% of Taifook Infrastructure.)

Prior to this restructuring plan, Lam Cheng Kit and his three legitimate sons established three "trust funds", namely the "Lam Cheng Kit and Lam Man Dong Trust Fund", the "Lam Cheng Kit and Lam Man Leung Trust Fund" and the "Lam Cheng Kit and Lam Man Cheng Trust Fund". The three trust funds will hold 30%, 31% and 33% of the equity of Taifook Group, Wheelock Group and Taifook Infrastructure Group respectively.

After the restructuring is completed, the equity structure of Taifook Group's assets will be reduced from three layers to two layers. Lin Zhengjie will continue to serve as the chairman of the board of directors of the three companies, and his three sons will serve as vice chairmen and general managers (35, 32, and 29 years old). Tang Renjian, Yuan Tianfan, and Yu Deqiu will serve as co-managing directors and general managers respectively.

Subsequently.

Lin Zhengjie emphasized: "This is an important milestone in the history of the group. After the restructuring is completed, it will help to enhance shareholder value and increase the company's market value. It is particularly emphasized that no shareholder will suffer losses. After the restructuring is completed, the true value of the three companies will be revealed."

Lin Wendong also emphasized: "After the transaction is completed, investors can decide to invest in the three new companies according to their different preferences. Taifook Group relies on real estate, media, clothing, beverages and food. Wheelock Group relies on ports and shipping, telecommunications and Internet, retail cosmetics, energy and minerals. Taifook Infrastructure Group is engaged in infrastructure investment, including electricity, gas, water and transportation."

Finally, the reporter asked another question: "When will you retire?"

Lin Zhengjie, who was born in 1958, is only 58 years old. It is too early to talk about retirement.

However, the reporter probably believes that whether it is registering a company overseas or clarifying the equity structure, this move is to pave the way for successors.

Lin Zhengjie smiled and said, "I can at least bring generous returns to shareholders for at least ten years!"

There was a round of applause!
As the most profitable company in Hong Kong and one of the companies with the best return rates in the world, the Taifook Group brings very generous dividends to its shareholders every year. It has even set a record of three companies paying out dividends of more than HK$700 billion a year, and this has been the case for two consecutive years!

In Hong Kong, companies do not need to pay taxes on money earned overseas. (There is no inheritance tax either.)

But if companies can distribute the money they earn overseas to their shareholders, then it will naturally be beneficial to Hong Kong.

Public opinion was shaken over the Lin family split!

When Lin Zhengjie moved his "second house" to Singapore, he spent 150 billion US dollars and created a huge wave.

Now that the three sons of the "principal wife" are dividing up the family property, the assets involved are worth more than 3 trillion Hong Kong dollars, which is more than 20 times larger.

How terrifying are these three companies?
For Taifook Group:

IndCor, the largest industrial real estate company in the United States (worth more than 150 billion US dollars), Amazon, the third largest shopping mall brand in the United States, the third largest Atlas, Canary Wharf, the largest commercial real estate group in Europe, Amazon shopping mall brand in Europe, the largest commercial real estate company in Singapore, the largest commercial real estate in Hong Kong, and commercial real estate worth hundreds of billions in the Mainland; in addition, it is also a real estate developer in Hong Kong, the Mainland, and the United Kingdom. Taifook Group's assets are worth about 2 trillion Hong Kong dollars.

Wheelock Group:
31 ports around the world, valued at HK$300 billion; Wheelock Shipping and Logistics, valued at HK$400 billion;
Telecommunications assets and Internet assets: 3500 billion Hong Kong dollars; retail: 50 billion Hong Kong dollars; cosmetics group: 1200 billion Hong Kong dollars;
Energy (62% stake in Husky) is worth HK$980 billion; mineral investment is worth HK$300 billion;
Aircraft leasing 300 billion Hong Kong dollars.
The total value is around HK$8000 billion

Taifook Infrastructure Group:

Integrate five overseas infrastructure construction companies with assets of 1300 billion.

Infrastructure in Hong Kong and the Mainland, assets are 1100 billion

Real estate assets 100 billion

The total value is 2500 billion.

Of course, although the total assets are 3 trillion, the market value is only 1.7 trillion.

At the same time, according to his shareholdings, Lin Zhengjie still has a total wealth of 5200 billion, equivalent to 650 billion US dollars. In addition, Hengfeng Bank has a market value of 1500 billion, and he holds 70% of the shares, totaling 120 billion US dollars in wealth.

So in 2016, Lin Zhengjie's total wealth was 770 billion US dollars. I wonder if Bill Gates has a chance this year?

January 1th is the first trading day after the announcement of the restructuring plan.

The market value of the three Taifook Group companies surged, resulting in Lin Zhengjie's wealth increasing to US$60 billion, bringing his net worth to US$830 billion.

It seems that the market is optimistic about the "separation opportunity"!
Sunny March.

The superyacht 'Hong Kong' is anchored in the waters around Hong Kong, away from the hustle and bustle of land.

This superyacht was delivered at the end of 2012, after which Lin Zhengjie donated the original "Golden Jade Mantang" to the "Lin Zhengjie Family Office".

This time, Lin Zhengjie invited 14 wives and concubines to spend almost a week on the "Hong Kong".

Today, the Lin family is so huge that it can survive for hundreds of years without any problems. Each branch of the Lin family has assets worth more than 400 billion Hong Kong dollars, and many are worth more than 500 billion Hong Kong dollars (Zou Kaixuan, Ma Yawen, Lin Qingxia, Wang Zuxian, Li Jiaxin, Li Zhi, etc.)

Dafang's assets are over 700 billion US dollars, Ma Yawen's assets are 300 billion US dollars, and Zou Kaixuan's assets are over 200 billion US dollars. These assets are already about 2000 billion US dollars.

The wealth of Hengfeng Financial Group, Lin Zhengjie Family Office and Horizons Ventures has not yet been counted!
At this time, the wealth of Lin Zhengjie's family could be described as "rich enough to rival a country."

这些年他也收敛了不少，恒金投资发展已经并入巴林银行，原资产已经分给各房和情人（例如支援马雅文100亿美金、给‘新人三情人组’20亿美金成立一个‘分支家族办公室’、给希尔顿姐妹20亿美金买下希尔顿集团的8%股权、给李佳明10亿美金、给郑志伊10亿美金，然后基本分光了）。

The assets of Hengfeng Financial Group, Lin Zhengjie Family Office, and Horizons Ventures are roughly as follows:

Hengfeng Financial Group (about US$270 billion):

The 70% stake in Hengfeng Bank is worth US$120 billion, and the assets of the wholly-owned Bank of Bahrain are worth around US$150 billion (it made 150 billion from investing in Hilton Group, but this money belongs to the management fund and is not all earned by Bank of Bahrain).

Lin Zhengjie Family Office:

He holds more than 800 U.S. stocks (worth more than 500 billion U.S. dollars, excluding Internet and technology stocks), 1400 tons of gold (bought again), European stocks, and real estate assets. His total wealth is 2007 billion U.S. dollars, nearly double that of 770 ( billion U.S. dollars).

Horizons Ventures:

仅投资包括台积电、英伟达、脸书等几只科技和互联网股票（不含苹果、微软、亚马逊、谷歌四只股票）、持有500吨黄金（最近几年在1100~1300美金购入的）、部份港股（不含腾讯登中资股票，这些由林正杰基金会在持有，慈善用，基金会通过沪港通持有内地股票茅台、五粮液等）、大量现金流总计约700亿美金（较2007年增加55%）

All in all, the total wealth of Lin Zhengjie's family is about 4500 billion US dollars, excluding the huge wealth of the "Lin Zhengjie Foundation".

Moreover, these fortunes will continue to appreciate, after all, Lin Zhengjie knows the trend in the next eight years.

"What are you thinking about?"

"That's right, didn't we agree to go on vacation?"

"Do you think we are too old?"

Soon, all the girls came to Lin Zhengjie, and it was like a paradise on earth.

To be honest, except for Ma Yawen, Zhao Yazhi and Lin Qingxia who were born in the 1970s, they do look mature (in fact, they are in pretty good shape and can attract many men when walking on the street. After all, they are actually twenty years younger and know how to maintain themselves); the rest of the women were born in the s and s (only Li Jiaxin was born in ), and they are all in pretty good shape (mature women in their thirties).

So Lin Zhengjie has been able to hold on over the years and has not really tried to hook up with people born in the 90s!
"Come on, go to the pool and put on your bikinis. I'm going to fish in troubled waters today!"

The Xiangjiang has a 16-meter indoor swimming pool (which becomes a stage after the water is drained), plus there are various safety measures in place, so you can play however you want.

The girls were delighted and went to change their clothes.

No matter how this man slacks off, he has earned a lot in this life. (End of this chapter)