Chapter 180 [Asset Reorganization] (1200 Monthly Pass Plus Update!) )
Luk Fook Jewellery's headquarters is located in an office building in Central, covering an area of 2,000 square feet with a monthly rent of 50,000 yuan, which is a first-class office building in Central.
In the past two years, with the impact of the transformation of Xiangjiang's economic structure, the rapid development of the service industry, and the comprehensive factors such as the rapid development of the service industry, a large number of foreign companies have used Xiangjiang as a springboard to enter the mainland, and the demand has continued to rise, resulting in the vacancy rate falling from a peak of about 20% in 1983 to about 6% at present, and it is still falling. Taking Exchange Square as an example, the rent has risen to about $28 per square foot per month, and is expected to break through to more than $30 next year (1987).
This is still a case where the vacancy rate is 6%, and once the vacancy rate is only below 2%, office rents may be even more crazy (note: in the first half of '89, it briefly rose to $85 per square foot per month).
Lin Zuhui followed Wang Zuxian to her office, and when she came to the door, she couldn't help but look at the words 'Executive Director's Office' on the door, and she couldn't help but smile on her face.
Wang Zuxian looked at Lin Zuhui's expression, grabbed Lin Zuhui's arm coquettishly, and then dragged Lin Zuhui into the office.
"I hate it, you dare to make fun of me!"
Wang Zuxian pressed Lin Zuhui on her office seat, leaned back on her desk, and pretended to be aggrieved with a face full of grievances.
looked at Wang Zuxian, who had entered the workplace circle from the entertainment industry, although she was not wearing a uniform, she also looked a little capable; She is the spokesperson of Lukfook Jewellery, so she doesn't need to wear work clothes, which will have a bad impact.
Lin Zuhui said with a smile: "I didn't make fun of you!" I think it's incredible that an eighteen-year-old girl has now become a business person like me. ”
Wang Zuxian looked happy, but said coquettishly: "It's not that you forced me into this position, I still think filming is fun!" ”
"Then you go filming, I'll find someone to replace you here!"
Wang Zuxian's face froze, and a sad expression immediately appeared, as if there was no need to brew.
When she saw Lin Zuhui's joking look, she knew that she had been tricked, but she still had a little temper and turned around not to look at Lin Zuhui.
"Then you can go find someone else, anyway, I am not as beautiful as Sister Guan, nor are I obedient to Sister Ning and Ling Yin!" After speaking, Wang Zuxian crossed her hands and hugged her, looking angry.
Lin Zuhui felt that he had a blessed eye, and he saw a scene from his previous life again!
I don't know why, he finds these female stars as lovers, and always likes to reproduce the impression of his previous life.
For example, Guan Jiahui, he always uses the memory in his mind to describe the clothes, and then asks her to find them herself, and then wears them for herself.
In the end, Lin Zuhui believes that the memory of his previous life is still dominant, which is why he misses it so much.
"Then I'll be serious, tomorrow..."
Before the words were finished, Wang Zuxian turned around reluctantly, and then said, "No!" ”
Seeing Lin Zuhui's evil smile on his face, she threw herself into Lin Zuhui's arms while tears fell.
Lin Zuhui is not in a hurry, and the beauty of pear blossoms and rain is not often appreciated, so he just wiped it for her with his thumb.
"Nasty ghosts, you know how to bully me!"
Lin Zuhui coaxed a little, and Wang Zuxian soon stopped losing her temper!
"Hmph, don't you want to find someone to replace me, my third wife is notarized by everyone, and you also promised it yourself!" Wang Zuxian said seriously, the flush on her face had not yet dissipated.
Lin Zuhui sniffed his fragrant hands and said, "You know it too!" Normally, I think you have the most important thoughts, but now you care so much about this position. What, you want to rebel against me? ”
Wang Zuxian suddenly lowered her head and said, "No! I have a good relationship with my sisters and Ling Yin, but I'm not very good at expressing it! ”
Lin Zuhui inadvertently completed the act of beating this woman, and he was very satisfied with the results.
Don't look at it, whether he resettles Guan Jiahui, Cai Ning, or Wang Zuxian, he only gave an investment of 10 million; But in fact, he took the time to conceive a career that suited them, and also found helpers, provided resources for them, and so on.
What he actually paid was far more than what Da Liu paid in his previous life; Of course, he also got more, and these women had to do their part as their wives.
"That's good, I'm worried that you feel wronged yourself, then tell me well!"
"No, I'm very happy, Brother Hui!"
Wang Zuxian hurriedly returned to Lin Zuhui's arms to express her loyalty!
This time, Lin Zuhui didn't mess around, but nodded and said: "That's good, I'll let you be eighteen years old in the future and enjoy the best things in the world." ”
"Thank you, Brother Hui!"
Beat a stick and give another sweet date.
Lin Zuhui asked Wang Zuxian to sign up for some etiquette and etiquette training courses, after all, she is not the most suitable to endorse jewelry; Jewelry spokespersons generally choose beauty pageants such as Sister Hong Kong, and their body and body language are more in line with 'elegant and noble' jewelry.
Of course, the reason why those Hong Kong sisters have such a temperament is actually just that they have been trained by the organizer for more than ten days before the beauty pageant, and this thing can be learned.
Wang Zuxian readily agreed, feeling that Lin Zuhui had considered it very comprehensively.
......
Cathay Properties.
Chairman Chen Zhengwen was in the office, looking at the information sent by New Era Real Estate about the asset restructuring of Cathay Real Estate, and his mood was obviously not calm.
In the new era of real estate's practice of 'salute first and then soldier', Chen Zhengwen feels very comfortable;
Moreover, the 'asset restructuring approach' proposed by the new era is also beneficial to him.
Who doesn't know the methods of their boss Lin Zuhui, and all the listed companies that Lin Zuhui has touched will soon rise and his net worth will skyrocket. It is rumored that Lin has a wonderful hand rejuvenation technique, and the dying sick woman (company) will restore the color of three springs after being touched by Lin's wonderful hand, such as a young girl.
Although he is going to lose the position of Cathay Pacific's owner, he doesn't care about this position at all compared to being able to cash out at a high price in the future.
"HK$100 million in exchange for a 48% stake in Cathay Properties. Although my shares are diluted, as long as the news of New Era Real Estate becoming the owner of Cathay Real Estate comes out, the shares of Cathay Real Estate will at least double. ”
Moreover, according to Lin Zuhui's methods, it is normal for the stock price to rise by two times, or three times or five times. At that time, as long as I cash out at a high level, I will get a lot of cash, which is better than only receiving the chairman's robe every year. ”
Soon, Chen Zhengwen made a decision, he planned to convene the board of directors, announce this plan to everyone, and obtain the consent of the board of directors.
At this time, although Chen Zhengwen is the major shareholder of Cathay Real Estate, he only holds 25% of the shares, and the equity is not secure.
Of course, Lin Zuhui will not be stupid enough to make a direct acquisition, which will not only cost a lot of money and leave a 'notoriety', but also such an acquisition will not bring cash to Cathay Real Estate.
Without the cash injected into the capital, it is difficult for Cathay Real Estate to support the company's asset restructuring.
At the board meeting of Cathay Real Estate, Chen Zhengwen issued a copy of the 'Asset Restructuring Method' to the directors.
"Ladies and gentlemen, New Era Real Estate promises to protect everyone's interests, and everyone should not worry about their shares being diluted. After the asset reorganization, the share price of Cathay Real Estate may be several times, and everyone should consider this opportunity to make a fortune. ”
Of course, the directors had heard of Lin Zuhui's name, and at this time they were already in ecstasy, and looked at Fang Yushu seriously.
Because a one-time issuance of 48% of the new shares requires a general meeting of shareholders, the support of the board of directors at that time is very important. Of course, with Lin Zuhui's fame, the shareholders of Cathay Real Estate can't wait to welcome them early, so why not agree.
Sure enough, at the board of directors, it was basically unanimously passed - the resolution to accept the capital injection of New Era Real Estate.
.......
In mid-September, Cathay Real Estate and New Era Real Estate formally reached an agreement: Cathay Real Estate will issue 30 million new shares, accounting for 48% of the total share capital, in exchange for 102 million cash from New Era Real Estate. New Era Real Estate became the owner of Cathay Real Estate and carried out asset restructuring.
At the board of directors of Cathay Real Estate, Lin Zuhui was elected as the chairman of Cathay Real Estate, Liang Zhenxun was elected as executive director, and Lu Donglai, a former executive of New Era Real Estate, was elected as the general manager and director of Cathay Real Estate. The management of Cathay Real Estate has become the world of real estate in the new era in a blink of an eye.
Lin Zuhui first said: "Cathay Real Estate has changed its name to 'Cathay Pacific City', Manager Lu hastened to announce and go through the procedures!" ”
When Lu Donglai first took on the big task, he was ready to do a big job, so he immediately straightened up and said, "Yes, boss!" ”
He only came to New Era Real Estate five months ago, and he also knew that Cathay Pacific City would be the flagship hotel management company of New Era Real Estate in the future, so he was honored and passionate.
Then, Lin Zuhui asked Liang Botao, the consultant of the 'asset reorganization', to explain the 'asset reorganization method' to the directors and management in detail.
There are three important factors to ensure the success of the so-called asset restructuring:
First, with the support of banks, Lin Zuhui has contacted three banks to provide 200 million loans for Cathay City, plus 100 million funds injected by New Era Real Estate, which is enough to complete asset restructuring.
second, sell distressed businesses and assets, and buy high-quality assets immediately; As a professional real estate company, there is no doubt about the strength of New Era Real Estate in this regard, in less than two years, New Era Real Estate has bought billions of high-quality land and properties, which is full of experience.
third, to raise funds through rights issues and then purchase assets; This step, Lin Zuhui personally handled, just as the Hang Seng Index is about to skyrocket, he plans to take advantage of the bull market to let Cathay Pacific City rights issue to raise funds around November; All the funds obtained are used to purchase high-quality properties.
After Liang Botao finished speaking, the talents in the conference room really felt the legendary technique of 'turning stones into gold and rejuvenating with wonderful hands'.
Then again, why can't the original major shareholders restructure their assets?
The reason is very simple, the most fundamental reason is that he has no strength, how can the bank lend you money, and the creditor will not give you time to kick the interest.
A director asked, "Will the sale of all the catering and industrial businesses lose a long-term and stable income project?" ”
Shortsighted!
The annual income of these businesses is not comparable to that of rent collection; And its own value is far inferior to that of property.
Liang replied: "We have investigated, and Cathay Pacific City's investment in this area is now suitable for selling at a high price. And the annual income of these businesses is not as good as rent collection, and the stability is also very poor. Just sell at a high price to invest in high-quality properties, so that the company's assets will appreciate temporarily, which is conducive to the increase of stock price. ”
The ability to sell at a high price is the ability to do so, and these businesses are not valued at a high level in the original assets.
Between selling and buying, the company's assets have risen, which is the purpose of asset reorganization.
Of course, in this asset reorganization, Lin Zuhui can be said to be riding on the giant - the stock market has risen sharply; Otherwise, if it is a big market, even if he has the ability to reach the sky, he will not be able to achieve outstanding results.
In his previous life, Luo Xurui acquired Cathay Real Estate in March 87, and in May, the asset restructuring was introduced, announcing that the asset value of Cathay Real Estate had increased fivefold; There is an important reason, that is, from March to May, the Hang Seng Index rose by 300 points, and he took advantage of the big bull market to raise a wave of rights issues, and the company's asset value naturally rose.
The money raised by the rights issue does not need to be repaid, and there is no need to pay interest, which is equivalent to giving it to the company for free.
After the directors had no doubts, Lin Zuhui immediately arranged who would specialize in selling the company's assets and business, who would specialize in finding high-quality properties, and who would be in charge of the stock market.
Soon, everything was in order, and a high-speed machine was running. And he himself only needs to sit in the position of leader and guide the country.
As a consultant, Liang Botao only pays attention to and provides professional advice, and he can get a commission;
Of course, the commission is secondary, and the real big head is the loan provided by IWC, which is the biggest benefit.
Cathay City's immediate priority is to restructure its assets and restore investor confidence in it before considering entering the hotel industry. If the market value of Cathay Pacific City is 780 million, and it raises a wave of funds through a rights issue before the 87 stock market disaster, and then uses that money to invest in the hotel business, the effect is very obvious.
As for the hotel sector, Lin Zuhui intends to carry out acquisition and self-construction at the same time, and overseas acquisitions are also the focus.
.......
In the office of New Era Real Estate, Lin Zuhui sat in a chair and thought about some plans.
If Chinese Real Estate needs to raise 1 billion yuan by rights issue at the end of the year (to buy a building), and New Era Real Estate, as its major shareholder, needs to contribute 490 million yuan (holding 49% of the shares), then where does this money come from?
Also, how to reduce the real estate debt of 1.5 billion in the new era to 500 million to 800 million before the stock market crash?
Soon, he wrote in his notebook:
The 5,500 September futures contracts held by the new era can make a profit of 60 million and return 160 million yuan;
The industrial buildings held by the new era can make a profit of 180 million yuan by selling them at the end of the year, and they can return more than 250 million yuan to themselves;
The blue-chip stocks held by the new era can make a profit of 250 million yuan at the end of the year, and 350 million yuan of funds can be withdrawn.
The above are all payments in an ideal state, but they should be eight or nine without leaving ten.
These are the company's non-recurring profits, which can reach 500 million in the second half of the year, and 760 million yuan of funds will be withdrawn.
In this way, there is no need to worry about the funds raised for the Chinese real estate rights issue!
As for the company's debt, next year, you can speculate on futures indices and blue chips, and that's it!
As for the company's development of real estate profits, it will continue to purchase land, old buildings, or repay bank interest.
He doesn't want New Era Real Estate to raise funds by rights issue this year, first, he himself 'can't afford it', and second, he wants to keep the stock market when it reaches 3,000 points, and then raise a lot of money by rights issue.
After confirming that there was no problem with the funds of real estate in the new era, Lin Zuhui suddenly became in a cheerful mood, and his debts were happy for a while, and it was painful to repay his debts.
"In this way, after the expiration of his 6,500 September futures contracts (an average of 1,880 points), he can continue to buy the December futures contract."
At present, the Hang Seng Index has not skyrocketed, and is currently hovering between 1950 and 2000 points, and it should be very good to be able to go up to 2000 points on the delivery date at the end of September.
"If I wasn't worried about the rights issue of New Era Real Estate to raise funds, I would have directly bought the December futures contract."
"It doesn't matter, just mortgage some more stocks, get a personal loan of 100 million, and buy the December futures contract below 2000 points."
"As for the delivery of the September futures contract, most of the funds withdrawn will be used to buy the December contract, leaving part for their own expenses."
Lin Zuhui has a lot of personal expenses now, and 10 million doesn't feel like it will take four or five months, and it's not a big expense.
There is no way, there are many women to raise, and the expenses are naturally large.
Like Guan Jiahui, Cai Ning, and Wang Zuxian, although they all have careers, their careers cannot provide them with high consumption, so Lin Zuhui took the initiative to write checks to them.
He doesn't care about that little bit of money, even though he's not financially free yet.