At Deep Water Bay Golf Course, Lin Zuhui is playing with Zheng Yutong.

He is now a member of the Jockey Club and the Royal Golf Club, but he doesn't usually play much, after all, his energy is generally focused on his career and women.

However, these two sports are the most popular occasions for people in the upper class of Xiangjiang to talk about business, so he can't escape this circle.

"Uncle Tong, I would like to participate in the cooperation of Discovery Bay Phase 3 on Lantau Island!" Lin Zuhui's chic swing, but he won't go to see the trajectory of the ball.

This is due to his character, as long as he makes a move, he will not regret it.

Hearing this, Zheng Yutong stopped what he was doing and asked, "Which project are you optimistic about?"

Discovery Bay is located on Lantau Island and is also a plot of land near the future airport.

In 1977, HKR used Discovery Bay as collateral to borrow money from the Soviet Union's state-run bank, the Naroni Bank of Moscow, but was unable to repay the debt, and the land in Discovery Bay was confiscated by the Naroni Bank of Moscow at any time.

When industrialist Cha Chi-man heard the news, in order to prevent Hong Kong's land from falling into the hands of Russia, he spent tens of millions of Hong Kong dollars to buy a large area of wasteland in Discovery Bay on Lantau Island to acquire and take charge of Hong Kong Corporation.

Unlike other large-scale developments in Hong Kong, all the developments in Discovery Bay were largely privately owned, with no roads, no water or electricity, and no pier to access by sea. All infrastructure projects in the region have to be built from scratch, and these development projects are hugely expensive, risky, and technically challenging.

Today, Discovery Bay has been developed in two phases, Phase 1 is modeled after European-style low-density luxury homes with infrastructure, and Phase 2 is designed in a post-modern style.

Because the new airport will not be announced until another three years, Lin Zuhui feels that this is a huge opportunity!

His idea is to first cooperate happily with the Cha Jimin family, and then take advantage of the new airport before the announcement, let New Era hold part of the equity of Heung Kong Industrial (which can be exchanged for cash or new shares) to share the future development dividends of Yujingwan.

Of course, he doesn't know anyone from Cha Jimin's family, but Zheng Yutong and Cha Jimin have a good relationship, and the two sides are already talking about cooperation in the third phase of Yujingwan (PS: In the previous life, there were a total of 15 phases, which could provide a low-density community where more than 20,000 people lived, and half of them were not Chinese; The area has several hotels, shopping malls and other complete facilities, and is close to Disney Industries, which can be called a city within a city. The whole project is listed as a classic operation in the history of real estate, and is used as a model by mainland real estate developers).

Lin Zuhui naturally participated through Zheng Yutong!

This kind of cooperation is normal, for example, if Li Chaoren likes a certain project of New World Development, he will make an appointment to play golf together; Then he said, I am very interested in this project, and Zheng Yutong naturally will not refuse, and then pull a friend to do it together.

For the wealthy people in Hong Kong, it is normal to work together, in addition to personal relationships, there is a fundamental reason: that is, everyone likes to diversify their investment, for example, if you do a project may lose money, but if you take the money from this project to the project (joint venture) project, even if you lose one, it will not affect the overall investment.

That's a strategy for doing business!

In the face of Zheng Yutong's question, Lin Zuhui replied honestly: "Well, Yujing Bay is on Lantau Island, and the new airport may be built in the future, I want to take a gamble and join you in the development!"

Zheng Yutong nodded, and said briskly, "Then I'll make an appointment with Jimin, and everyone will have a meal together!"

He is thinking that if the real estate in the new era wants to participate, everyone is also happy, and it can share part of the risk; Of course, New Era Real Estate joins in, and it is only a three-shareholder shareholder.

But what Zheng Yutong didn't know was that Lin Zuhui was calculating one thing, that is, before New World took a stake in Heung Kong Xingye, and before the new airport Fang Yu released the news, he was expected to participate in Heung Kong Xingye in 1988 and strive to win 10%~15% of the shares (cash or share exchange).

This is a very normal investment, and it is not to offend the Zheng family, after all, they can also invest in Heung Kong Xingye.

For the Cha family, the investment in the development of Discovery Bay is too large, and it is also a good thing that someone comes in to participate; And

Once it is a share exchange, as long as the new era is a high-quality real estate stock, everyone will be happy.

A game of golf is basically a cooperation!

When this cooperation ends, at the end of this year, Lin Zuhui will also lead a cooperation, that is, to unite with New World and win the 'Twin Towers'; Of course, the rights of the new world will not be very high.

Speaking of this 'twin buildings", it has a lot to do with Zheng Yutong, the consortium led by Hang Lung lost the project and lost 400 million yuan in tart subscription fees, and New World Real Estate is the second shareholder of this consortium.

Even, after Hang Lung's withdrawal, New World still wanted to struggle; It's a pity that Hang Seng Bank, which has a good relationship with Zheng Yutong, also refused to lend for this project, because the risk was too great, and the land compensation fee at that time was as high as 1.9 billion.

In September 1984, the company formed by Xinhe, Everbright, Nanyang Foundation and Japan Foundation won the bid with "cold hands holding a hot fried dump" in one fell swoop, and the price was much lower than 1.9 billion yuan, only 380 million yuan. Hang Lung and New World did not participate in the bid because they were not friendly with the MTR company (losing 400 million yuan in bookings), but Hang Lung won the development rights of the remaining seven subway stations.

This project costs about 1 billion yuan according to the land compensation fee plus construction costs and taxes, but in 1987, the new consortium sold the main interests for 1.9 billion yuan, and the conservative profit was about 1 billion yuan.

.......

Since the 80s, when the cost of labor in Hong Kong rose and the textile industry was depressed, Chajia cooperated with real estate developers such as New World to develop the property on the old site of the factory, so the relationship between the two sides was better.

With Zheng Yutong as a matchmaker, it is also natural for Lin Zuhui to catch up with the Cha family.

In the box of the hotel, Zha Jimin and his son Zha Maosheng participated in the banquet, and Zheng Yutong and his son also participated in the accompaniment, and everyone was very enthusiastic as soon as they met.

"I heard that you often accompany Xiao Cha to eat hairy crabs and watch plays?" Zha Jimin said with a smile.

Zha Jimin and Zha Liangyong (Jin Daxia) are both from the Longshan Cha family in Yuanhua Town, Haining, Zhejiang. Zha Jimin is 10 years older than Jin Yong, and in terms of seniority, Zha Jimin is Jin Yong's grandfather, but the two often refer to each other as "Zha Lao" and "Xiao Cha". The two have been working together recently to draft Fang Yu, and may have heard Jin Daxia mention Lin Zuhui.

"Not often, he's busy!" Lin Zuhui responded.

This is the truth, the relationship between Lin Zuhui and Jin Yong can only be said to be acceptable, far less than the relationship between him and Yu Pinhai in his previous life; After all, there are still three years before Old Man Jin retires, so you can't let Lin Zuhui, a busy man, accompany Jin Daxia once a week!

"I see you're busier! It's unbelievable, the candidate chaebol of the top ten consortia in Xiangjiang is actually a young man in his twenties!" Zha Jimin praised.

"It's all the media that's making fun of me, don't make fun of me!" Lin Zuhui said modestly.

Zha Jimin nodded, pointed at Cha Maosheng and said, "You can have more contact in the future!"

Lin Zuhui said modestly: "In the future, please ask Cha Sheng to give me more advice!"

Cha Maosheng also responded: "Don't dare, don't dare, with this cooperation, we are friends!"

After a simple understanding, everyone is familiar with it, and they talk about business things, especially real estate things; Chajia has a large business territory, and has their textile industry all over the world, with business in China, Southeast Asia, Africa, Europe and the Americas. Since the 80s, Chajia has also extended its industry to the real estate industry.

The meal was a pleasant one, and Zha quickly agreed to New Era Real Estate to get involved, with a 15% stake and New World Real Estate a 25% stake. Of course, the cooperation is only the third phase of Yujingwan, and there are many more to come!

Lin Zuhui once again felt that it is good to have connections, otherwise many projects will not be able to be done if they have money.

......

This company is developing too fast, although there is still a big gap with the top ten real estate developers, but its focus on land reserves is very big.

Someone has calculated that New Era Real Estate needs to pay 165 million yuan of interest to the bank a year (1.5 billion loans, 3.2 billion asset value), and its interest suddenly makes medium-sized real estate developers feel like Mount Tai is overwhelmed and kicked out of breath.

This is the price of the new era real estate to strengthen the reserve of land, if only the real estate developed by it is profitable, it will be about the profits will be swallowed up.

Therefore, such a reckless increase in land reserves has also been criticized by some people in the real estate industry, which is like a snake swallowing an elephant, which is extremely risky.

However, some people pointed out that the non-recurring profit of New Era Real Estate this year has been as high as 135 million (foreign exchange profits), so others can naturally do this.

In fact, these people don't know one thing, that is, New Era Real Estate is speculating in industrial buildings this year, and it is expected to make a profit of 150 million to 200 million by the end of the year.

New Era Real Estate invested 70 million yuan last year, leveraged to buy a large number of industrial buildings, the current industrial buildings are in a crazy rise, because from 1982 to 1984 Xiangjiang built industrial buildings basically none.

At the beginning of this year, the supply of industrial plants in Xiangjiang exceeded demand, and it has surfaced, and it has risen by 20% in a month.

In the conference room of New Era Real Estate.

Mr. Lin listened to the reports of the executives, and in most meetings, he named a senior executive to endorse a project for which he was responsible.

"Director Chen, how is the recruitment of senior staff in your development property department?"

Compared with large real estate developers, there is no doubt that there is a shortage of talents in the new era real estate, after all, the development is too fast to cultivate by itself; Fortunately, in this era, as long as you have money and the company has prospects, you are not afraid of no senior staff to vote.

Chen Bin hurriedly said, "This month, 8 senior staff have been added, and we are still recruiting, and it is expected that the next stage of the company's talent needs will be met in June."

Lin Zuhui nodded and said, "En! It is urgent to enhance our strength in developing real estate, our land bank has risen to a new level, but our strength in developing real estate has not been able to keep up. So this time, I have great hopes for the new senior recruits, and you don't let me down. At the same time, I'm going to shift my focus to your department!"

Chen Bin felt a pang in his heart, he knew that the boss was very quick to get started, and he learned the construction, materials, and construction on the real estate very quickly, and the boss was very familiar with the building regulations of Xiangjiang, and he was also very proficient in the price and quality of materials; So, there is no one who can fool him around.

"Okay, boss!"

Chen Bin has decided to strengthen the management and development of the property department, although the new era of real estate has always been very strict and perfect management, but the boss is very demanding after all.

Lin Zuhui is really concerned about all aspects of the building, and often goes to the construction site when he has time, and climbs directly to the top to communicate directly with the workers.

He will personally supervise each real estate project to avoid irreparable losses. People say that the boss has limited energy, but Lin Zuhui's brain and energy are indeed far better than ordinary people, and he can grasp the essence of doing things.

After the meeting, Lin Zuhui called Liang Zhenxun: "You arrange for someone to inspect Cathay Real Estate, and then suppose we buy it, you give me a preliminary plan first!"

Liang Zhenxun sighed in his heart, the boss really didn't stop expanding the company, and he only won Chinese Real Estate and Zhongyu for two months, and he was considering the acquisition again!

"Okay, I'll arrange it!"

Lin Zuhui nodded and said, "Don't make a noise, I haven't made a decision yet!" Even if it's an acquisition, it's going to be at the end of the year."

"Yes, I see!"

After Liang Zhenxun left, Lin Zuhui thought about using the acquisition of enterprises to expand the real estate department in the new era, which was one of his strategies;

He read an article in his previous life: it is said that Luo Xurui first won Century City, and then after the asset reorganization, he then used Century City to win Regal Hotel and Paliburg (he himself has nearly 30% of the shares, second only to Wei Li); After having three listed companies, Luo Xurui then won Cathay Real Estate in 1987, and increased the assets of Cathay Real Estate sixfold in three months. Later, he acquired a company called Vality International Real Estate, which was originally engaged in U.S. real estate investment.

Of course, Lin Zuhui also wants to win Cathay Real Estate and Futura International, especially Futura International, which can be used as the flagship of his company's investment in the U.S. real estate industry in the future, and Cathay Real Estate can also be a real estate department in the new era

Increase strength.

Cathay Real Estate Lin Zuhui has briefly investigated and found that the asset value is very high and the debt ratio is also high; To be honest, he didn't have the confidence to turn decay into magic like Luo Xurui.

However, he will not forget that he has a group of talents under him, and with the help of Liang Botao, a master of securities and capital operation in the shopping mall, he may not be unable to succeed.

In addition, Lin Zuhui also learned a lot from the eucalyptus of Wei Li's reorganization of Regal Hotel and Paliburg!

Generally speaking, asset restructuring must have the support of the bank to buy time for the company; At the beginning, when Wei Li and Luo Xurui took Regal Hotel and Palibao from Luo Yingshi, these two companies suffered serious losses, and Wei Li took advantage of his relationship with HSBC to obtain a huge loan of 760 million!

The second is the sale of assets, coupled with the issuance of new shares, the repurchase of new assets and other routines, which ultimately allow the company to obtain an increase in asset value.

The rise of real estate in the new era is basically similar to Chen Songqing's methods, and it is not as professional as Wei Li's reorganization of Regal Hotels and Bailibao.

And this time Cathay Real Estate, in fact, Lin Zuhui has decided to win, after all, it will cost a little more than 100 million, just to try his team level.

It can also inadvertently hit competitors, which can be described as killing two birds with one stone.

Of course, we'll have to wait until the end of the year!

In fact, the new era real estate has no money, and only through rights issues can the current problems be solved.

Either wait to digest the fruit, but Lin Zuhui is worried that Luo Xurui will take the lead next year, and it will be a loss.