Chapter 1277: The Defeated Consortium
Le Yiling was in such a hurry to discuss with Yin Jun, it must not be just a trivial matter to acquire Henderson Land shares.
It's also a little emotional.
In the future, Henderson Land, one of the five major groups in Xiangjiang, is now a small thing to do in the eyes of Leyiling.
But that's not an exaggeration.
Henderson Land's current market value is only 1.3 billion Hong Kong dollars, which is not as good as the profit of Kirin Culture for two months.
Not to mention compared to such a huge carrier as Kirin Group.
Le Yiling really thinks that Kirin Group is willing to invest in Henderson, which is his blessing.
In fact, Leyiling prefers to take Henderson Land down and let it enter the sequence of Kirin Group, after all, Yin Jun is so optimistic about Henderson Land, then this company must have a great future.
But Le Yiling, like Yin Jun, is more interested in entertainment groups, and she doesn't know much about these real estate things, and she doesn't like them very much.
Since Yin Jun said so, let him be.
already has a 30% stake, if Li Zhaoji develops well in the future and can become a large company of 10 billion Hong Kong dollars, then the value of Kirin Group is 3 billion Hong Kong dollars, and the return on investment is 1500%!!
Le Yiling didn't say this idea, otherwise Yin Jun might have told her, sister, you underestimate Li Zhaoji too much.
People have brought the company to a scale of 250 billion Hong Kong dollars, 30% of the shares, if you don't dilute the new shares, it will be 75 billion!
So the ROI should be 300 times!
If Li Zhaoji hadn't retreated in Xiangjiang and gone to the mainland to develop earlier, the value of Henderson would have doubled!
After deciding on the acquisition of Henderson Land, Le Yiling suddenly smiled happily, "Have you read the recent intelligence of Hang Lung and other consortiums?
There are many reasons why Leyiling is happy.
The most important one is that Chen Qixian is unlucky.
Some time ago, when Hang Lung Group was in the limelight, Chen Qixian found a lot of people to brag about himself, and insisted on comparing himself with Yin Jun.
In Le Yiling's view, this is very unbearable.
Who are you?
At best, he is a rich second generation, who eats with his father's generation, and can he actually compare with my family's Ah Jun? What kind of "double pride"? Are you crazy?
From last year to this year, "Kirin Daily" began to work against Chen Qixi, and broke some news about him, which was instructed by Le Yiling.
Chen Qixian is unlucky, and naturally the entire Hang Lung Group is unlucky.
The land in Ngau Tau Kok, which is still under development in their hands, was originally approved in the third phase, but in the face of such a big plummeting crisis, no one wants to buy a house here, and even they have almost pushed the cost to the extreme.
The land of Niutoujiao is actually not so anxious.
Anyway, real estate can't stay in such a downturn, wait for three or five years at most, it will rise, and then sell at a high price, and it can make up for the loss.
But there's one thing, they can't wait.
That's the property on top of the nine MTR stations on the Island Line in Hong Kong.
The MTR Group has already built the Cotton Tree Building, and the second Xiangshan Building in the second section of Admiralty is ready to be built, waiting for Hang Lung and other consortiums to give money.
In the MTR's plan, the newly built Xiangshan Building covers an area of 69,000 square feet, with a total floor area of 1.043 million square feet, and for this project alone, the government will charge a consortium of nine real estate companies 1.82 billion Hong Kong dollars in land premium compensation, and it must be paid within 28 days after the MTR plan is submitted for approval.
This is a contract that has been set a long time ago, and there is no shirk at all.
1.82 billion!
Don't look at these nine major groups, each of them has assets of more than 5 billion Hong Kong dollars, adding up to almost 50 or 60 billion Hong Kong dollars, but now it is really impossible to ask them to come up with so much cash!
The biggest reason is the current real estate crash and stock market crash.
Once they can't sell the house, even if they have money in their hands, they don't dare to use it, for fear that if there is any accident, once the capital chain is broken, there will be nothing.
Isn't a bank as big as Hang Lung Bank also run on and almost collapsed?
Compared with their life's work, a business, even if they know that it is a very profitable business, they dare not take it lightly.
If it was before, there was no cash, then there was no problem.
Because of their good qualifications and the strong pillars of the properties above the subway, the nine major real estate companies and investors can casually take out loans from the bank and pay this fee.
But now it's different, banks are failing one after another, with a huge figure of 1.82 billion Hong Kong dollars, which one dares to lend them money?
Even HSBC, Standard Chartered Bank and Huaguo Bank have not opened this opening.
Although they kept pleading, Shen Bi decided not to take out the loan after thinking about it again and again.
The property above the subway must be profitable, but if the situation in Xiangjiang does not improve for three to five years, the risk of this payment will be greatly increased.
Although HSBC is rich, it also has to consider the safety of funds.
In contrast, if you lend it to Yin Jun, you don't have to worry about the risk, because Yin Jun used it as collateral for the Disney Company.
Today, the Disney Company has been upgraded its credit rating in such a short period of time, and is valued at $4 billion.
After careful evaluation, the commissioner of HSBC felt that it was absolutely safe to use Disney as collateral as long as it was less than $3 billion.
After all, with the money-attracting ability of "Happy Hotel" and "American Idol", Disney will not be willing to reduce its value to less than $3 billion within five years.
It is worth mentioning that when Yin Jun acquired Disney in February 1981, Disney still owed $1 billion in debt, but now it has only been more than a year, and this account has almost been repaid, which shows how much Disney has changed.
Even if HSBC can't recover the loan, then just take Disney and sell it, and all the losses can be recovered.
None of the banks in Xiangjiang would take over, so the consortium would have to look for foreign banks.
This includes banks in Korea, Japan and Singapore...... And so on, they all have to contact.
At the same time, the consortium also actively began public relations, wanting the government to reduce the land price compensation to 1.4 billion.
In this way, after the amount is reduced, the risk of the bank will not be so great, which will also increase the chance of borrowing.
However, the Hong Kong government did not consider it at all, and rejected their application on the same day, keeping the land price of HK$1.82 billion unchanged.
Hearing the news, the Japanese-funded bank, which had preliminarily agreed to the consortium's HK$1.5 billion loan, immediately turned its face, withdrew its previous promise, and poured cold water on the consortium.
In the 80s, I was the richest time.
Although they are not as rampant and unblinking as they were five years later, they are one of the best in Asia in terms of boldness.
I have flinched, how can other banks dare to take over?
So now, it's basically the most difficult time.
On the one hand, no bank is willing to lend, and on the other hand, the 28-day payment deadline is coming.
Once the consortium cannot pay the difference in land price of 1.82 billion yuan as agreed, then all their previous hundreds of millions of deposits will be confiscated.
The loss of a large amount of money is one, and such a gray failure is undoubtedly a huge blow to the nine major companies.
Imagine how beautiful it was when they obtained the rights and interests of the properties above the 9 subway stations on the Hong Kong Island Line!
Le Yiling thought about the nine major companies, especially the Chen family's Hang Lung Group, which had broken out in the news in the past few days, and wanted to laugh in her heart.
"They're also out of luck. Yin Jun also smiled, "If it was three years ago, or three years later, this transaction would have brought them more than tens of billions of Hong Kong dollars in profits." But at this time, naturally they can't go back. ”
"It's not luck. Le Yiling disagreed, "There are also many smart people in Xiangjiang. The first recommendation is Ah Jun, when the market was so hot, we sold the rights and interests of Tin Shui Wai and sold the rights and interests of the second kind of land exchange, how many people said that you were a fool, saying that you would not know anything except writing scripts and books?
Have you not seen the news in Xiangjiang in the past month or so, including those newspapers and magazines, all of them desperately praising you, saying that you have an outstanding vision that transcends the times and that you have a resoluteness and resoluteness that others cannot have. They all said that the future of Xiangjiang will definitely belong to you!"
Yin Jun smiled but did not speak.
Xiangjiang reporters...... No, all journalists' discipline should not be believed.
They can lift you up to heaven when you are beautiful.
They can also trample you under the ground when you're down.
It's the same as writing, if any author dares to go to his own book review area all the time, he will basically either abandon the book and not write, or go directly to a mental hospital.
So in addition to absorbing the news knowledge in newspapers and magazines, Yin Jun basically doesn't read any comments about himself except for learning some knowledge he wants to learn.
If you can't finish your own work, where can you have time to revel in the praise of others?
"Ah Jun, you said that this subway superstructure property, if they back down, should we do it next?" After laughing, Le Yiling asked about the business again, "Since you said that this plunge will recover after three years, then after a while, when it falls to the bottom, we will take it over, won't we be able to make a profit?"
Although I don't like real estate, if it's a fat meat like a property on the subway, Le Yiling is still very interested.
"If you have the chance, you can get it down. Yin Jun has already considered it, "But the best time should be two years later, and now we will be the greatest success if we do a good job in these acquisitions." ”
"I understand!"
Le Yiling nodded.
She still understands the truth that greed is not rotten.