Chapter 107 [Preparation for Backdoor Listing]

Royal Villa.

Lin Zuhui comes to Wang's house for dinner almost every week, not that he needs to shoot Wang Qilin's ass, but that he has a great relationship with the Wang family and has a deep relationship.

With Lin Zuhui's current financial situation, there is no need to please Wang Qilin, except for the lack of interpersonal relationships, Lin Zuhui's career has grown.

Before the meal was served, Wang Qilin pulled Lin Zuhui to his study.

"This new era real estate rights issue fundraising, your warrants are only a little bit left, I'm afraid you have to provide more than 60 million!"

"Well, it's almost 65 million!"

Wang Qilin frowned, he himself has to provide more than 26 million, and Lin Zuhui has provided too much, he can't do it all!

"What do you think?" Wang Qilin said that he thought Lin Zuhui would not be able to confess.

"I pledged part of my shares some time ago, and I made a lot of money by shorting USD/JPY, and this rights issue is affordable!"

This time, he liquidated part of the USD/JPY foreign exchange position and withdrew 118 million yuan (net profit of 65 million), because the bank loan term is one quarter, so the funds he can use are 118 million.

Wang Qilin was surprised, but soon relieved that since his nephew dared to take the company's 30 million to short USD/JPY, he would definitely dare to pledge his shares and short USD/JPY.

"You! Do you know what many people in the Hong Kong business community think of you? ”

"I know, isn't it Chen Songqing's second! But I don't dare to compare with him, he dared to say five years ago that he made 600 million a year, and I just made more than 60 million in securities and foreign exchange! ”

In fact, in the eyes of bankers, Lin Zuhui and Chen Songqing are completely different people!

The assets of New Era Real Estate are well documented, the loan projects are clear, and the debt ratio is not high; Lin Zuhui has never said how great his backstage is, he is innocent, and his only backer is Wang Qilin, a veteran of real estate. Of course, there have also been recent 'scandals' between Lin Zuhui and Jin Daxia, and some media said that the two were 'New Year's friends'.

Moreover, Lin Zuhui does not have a lot of 'big projects and big investments', nor does he develop across multiple industries, and every investment in New Era Real Estate is a high-quality property, and safety can be guaranteed, and it is limited to the development of local industries.

Wang Qilin nodded and said: "They just think that the real estate development in the new era is too fast, and they are envious!" ”

The two talked for a while, and Wang Lingyin came up and called the two to eat.

When the three of them walked down the stairs, Wang Lingyin pulled Lin Zuhui and signaled that he had something to say.

After taking Wang Qilin a few meters away, Wang Lingyin lowered his voice and said, "Brother Hui, let's climb the mountain together on the weekend!" ”

There is no way not to agree, Lin Zuhui is planning to cultivate Wang Lingyin as his main room, and he has to find time to cultivate his feelings. I'm not in a hurry to officially fall in love, at least after she goes to college.

"Good!"

Wang Lingyin happily walked downstairs when she heard this, in fact, she didn't have too many thoughts in her heart, her two elder brothers were studying abroad, and her younger brother was naughty and didn't play with her; At this time, Lin Zuhui broke into her family, and she had a good impression of Lin Zuhui, and naturally her feelings were budding little by little. Although she knew that Lin Zuhui had a girlfriend, she didn't seem to care much.

The two went downstairs at the same time, and Wang Qilin and Sun Biying naturally saw it, but they didn't say anything!

However, these two people did not interfere, and they always mentioned Lin Zuhui's girlfriend Guan Jiahui Yunyun during the banquet, which meant to warn Wang Lingyin: You are still young, and your brother Hui has a girlfriend.

The implication is also: tell Lin Zuhui that it's okay to fall in love with my daughter if you want to, at least after she goes to college; Moreover, isn't it time for your current girlfriend to talk about it after the breakup!

Lin Zuhui naturally took the initiative to complete Wang Qilin's idea of having a son, and generously admitted that Guan Jiahui was his girlfriend and lived together!

Wang Lingyin, as his future main room cultivator, is bound to let her understand that her emotional history is very rich, what she has to endure!

Taking advantage of the fact that the relationship between the two did not develop, he subtly shifted to cultivate Wang Lingyin, of course, the premise is that Lin Zuhui can gain Wang Lingyin's favor, and then slowly develop love.

This move is very big, and Lin Zuhui may need several years to cultivate slowly.

......

In the lawyer's office, Lin Zuhui signed an agreement to get back 10% of the equity of Wanhui Publishing House in Fang Jin's hands at a price of 5 million.

Back at Wanhui Publishing House, Lin Zuhui wrote him a check for 11 million again.

Fang Jin hurriedly pushed the check to Lin Zuhui, and said with a serious face: "Elder, why is there 1 million more?" How could I possibly ask for your interest! ”

Lin Zuhui pushed the check to him again and said, "It's not interest!" The 1 million is the errand fee for this great wisdom investment to help me buy a shell! ”

Fang Jin pushed back the check and said excitedly: "Great Wisdom Investment was originally the company you founded, shouldn't it be right to help you run errands!" ”

Lin Zuhui directly ordered: "Pick up the check!" ”

Fang Jin saw Lin Zuhui's serious expression, so he honestly picked up the check.

"This time to buy a shell, the cost of great wisdom investment also needs this number, and my brother will settle the account."

Lin Zuhui has already taken a fancy to a shell and has initially reached an intention with the major shareholder; Therefore, entrusting Great Wisdom Investment Company to audit financial and operational issues will naturally incur lawyer fees, audit fees, financial fees, etc. during the period; According to reason, it takes millions of information consulting fees to make a shell, and Lin Zuhui gives 1 million, which is already 'taking advantage'.

This time, the 'shell' is called Weiyi Real Estate, a small real estate company with a market value of more than 50 million, which is a rent-collecting company (simple business);

In the past few years, it has been losing money, mainly because of the purchase of some properties at the peak of real estate, where the interest on bank loans is higher than that of rent collection (rents have fallen, and the vacancy rate of rental properties is also high).

After the real estate wave, the current situation has improved, the company has begun to make a profit, with net assets of about 60 million (total assets minus liabilities), which can be regarded as a well-run company.

The major shareholders are willing to sell, which is nothing more than retreating, cashing out and leaving!

Lin Zuhui negotiated with the major shareholder of Weiyi Real Estate: he bought 35% of its shares at a price of 23 million, a premium of 10%.

He plans to sell some properties to New Era Real Estate after he becomes the owner of Weiyi Real Estate, and pay off the loan of Weiyi Real Estate, so that the company only has about 60 million properties left, which is also the shell raising stage.

Wait until around December, Lin Zuhui will determine the value of Wanhui Publishing House according to the market value of Weiyi Real Estate;

For example, the market value of Weiyi Real Estate is more than 50 million, so Lin Zuhui injected Wanhui Publishing into Weiyi at a price of 100 million; In this way, Lin Zuhui's common stock is almost 49%, and he has received a large number of warrants.

It seems that Lin Zuhui has turned Wanhui Publishing House from a personal asset to a public asset;

Actually, it's not:

First of all, after the backdoor listing, the share price of 'Wanhui Media' will skyrocket, and the shares in Lin Zuhui's hands will also appreciate significantly, including warrants;

Secondly, Lin Zuhui holds a large number of warrants, and he does not need to pay for rights issues in the future, and he can also get a large number of reward 'price differences', and the warrants can also allow him to firmly control the shares at 49%.

In short, as long as the stock price of this listed company rises and the rights issue is successful, Lin Zuhui will not suffer losses, and he can make a lot of money!

......

Lin Zuhui originally thought that his life was better, and he had plenty of funds in hand, but in fact it was not like that.

There is actually a 'gap' between him and Da Liu and Huang Yulang, that is, Da Liu and Huang Yulang are actually very rich in personal assets, and they can raise funds by rights issue.

Moreover, after Huang Yulang's Yulang Group was listed in the previous life, Huang Yulang's shares were estimated to be 70% (as long as 25% of the public shares were guaranteed, they could be listed), and Huang Yulang could choose not to raise funds through rights issues, and his shares could be diluted anyway; As for Da Liu's rights issue, in fact, there are many rights issues in the subsidiary, but the major shareholder of the subsidiary is Aimeigao, not him, so the rights issue is Aimeigao supply, in short, it is a layer of rights issues, and Da Liu does not need too many rights issues.

It is precisely because Da Liu's shares are diluted and the company is still a serial holding (which means that Da Liu's personal shares in the subsidiaries are scarce), which leads to the development of Aimei Gao to a certain extent, Da Liu wants to strengthen the proportion of equity he owns through privatization (private as one or two listed companies). In his previous life, Da Liu's privatization had been in trouble for more than five years, as long as the stock market plummeted, Da Liu proposed privatization, and the bid was very low, and he always liked to use number games (stock swaps) to deceive shareholders, and there was a lot of movement - small shareholders petitioned, the Hong Kong government and the Securities Regulatory Commission criticized by name, etc., but Da Liu did not break the law, so in addition to his bad reputation, there was no P matter.

Compared with Luo Xurui's privatization, it is much friendlier, although it was also proposed after the stock market crashed, but the premium is generally more than 30%; Stockholders, fearing that it would fall, handed over their chips one after another, and everything went well.

Lin Zuhui was calculating how much money he had left in the office, and a cruel answer emerged:

New Era Real Estate raised about 68 million yuan through rights issue, acquired 23 million yuan of listed companies, and returned 16 million yuan (including repurchase of shares), which cost 107 million yuan.

He withdrew 118 million in foreign exchange, and more than 10 million were left in an instant, and the prototype was returned.

He has recently been buying luxury cars, buying luxury houses, and instantly becoming a 'millionaire'.

Moreover, he embezzled bank loans, and the current debt is as high as 90 million, of which bank loans (10 million + 50 million), Wang Qilin owes 30 million.

This is not counting the 50 million pledged loan in the foreign exchange market, which will have to be repaid after the investment is closed.

According to the 50 million investment in foreign exchange project (short from 240 points), the profit is 100 million, and the profit is just to repay the current debt of Lin Zuhui of 90 million.

In other words, this time, a total of 100 million pledged stock loans, and the total profit from the USD/JPY invested was about 160 million (estimated), which has been spent by Lin Zuhui.

I was really shocked by this calculation, I thought I had become a rich man, but I didn't expect it to be empty joy.

The only consolation is that at the end of the year he personally no longer owes money!

Of course, after Wanhui Media is listed, he doesn't have to worry about his personal rights issue to raise funds; The New Era Real Estate has also developed into a medium-sized real estate company, Weishui Xiangjiang; In the end, he actually has a 50 times foreign exchange investment of 11 million, and he is expected to make a profit of 300 million yuan in the middle of next year.

Looks like it's time to think about how to make some money for yourself!

Lin Zuhui remembered that in May next year (1986), Heung Kong would launch the Hang Seng Index futures contract, and it would be time for him to make a lot of money; Because he seems to remember that the Hang Seng Index in July was around 1,800 points, and it soared to more than 2,500 points at the end of the year, and it could have risen to 3,800 points before the '87 stock market crash'.

The 'contract multiplier' of the Hang Seng Index futures contract is 50 points, that is, the current Hang Seng Index is 1800 points, and a contract is worth 90,000 yuan; once the Hang Seng Index futures contract is launched, the daily trading volume will reach 1800 points, and the daily trading volume will be 170 million, and then the trading volume will skyrocket rapidly, with a trading volume of 5000000 copies and a trading volume of 9.5 billion yuan (1 day) on the day before the 87 stock market crash.

engulf

Of course, investors only need to pay a margin of about 20% of the total value of the futures contract to trade futures contracts.

With this memory, it was not a problem for Lin Zuhui to earn billions more in that year (futures contracts, five-fold leveraged blue chips); As for the '87 stock market crash' shorting, it can also be considered, but you must hide your identity and use overseas offshore companies to short, and you can't be greedy, so as not to be found out.

The reputation of short-selling is not good, and Lin Zuhui needs to consider it carefully.