In the afternoon, Lin Zuhui came to the office of Cathay Pacific City again.

Cathay Pacific City, a subsidiary of New Era Real Estate, is the flagship hotel management company of New Era Real Estate.

At this time, the number of listed companies in the real estate department of the new era reached four. New Era Real Estate holds Chinese Real Estate and Cathay Pacific City, with 49% of the shares; Chinese Estates holds a controlling stake in China Entertainment, which also holds 49% of the shares.

Cathay Pacific City's stock has risen gratifyingly, and its market value has exceeded 500 million yuan, which is still without announcing the results of asset restructuring; For outside stockholders, there are only two things to know:

First, New Era Real Estate's investment in Cathay Real Estate will definitely succeed in asset reorganization, which is due to the pursuit of Lin Zuhui;

Second, Cathay Property's purchase of Wang Kee Building shows that the company has great potential and can also buy office buildings in Central on a large scale.

With just these two pieces of useful information, Cathay City's market capitalization soared from $130 million to $500 million.

Of course, in the past two months, the general environment of the Heung Kong securities market has been good, and the rally is gratifying, which is an external factor.

Lin Zuhui called General Manager Lu Donglai and arranged: "Next week, Cathay Pacific City will raise funds and issue shares, and 3 shares for every 5 shares!" ”

Lu Donglai was very surprised when he heard it, this allotment ratio is very high!

"Then shouldn't we release some news on the progress of asset restructuring to boost investors' confidence!"

After listening to this suggestion, Lin Zuhui thought deeply and said: "Okay, release a revaluation asset report to the market, and inform Cathay Pacific City that it intends to enter the hotel field." ”

Lu Donglai nodded, and then said: "The amount of rights issue this time is huge, and the funds over there for the new era real estate?" ”

Lin Zuhui said with a smile: "Enough, isn't it 150 million!" By the way, Cathay Pacific City's first rights issue, you go and invite Liang Botao as a consultant, which is smoother! ”

As far as the current situation is concerned, that is, the new era of real estate rights issue fundraising does not require external consultants, and Liang Zhenxun is competent enough.

However, Liang Zhenxun is a busy man, and it is better to hire an external consultant.

"Okay, I'll arrange it!"

Cathay Pacific City raised 300 million yuan this time, and Lin Zuhui plans to 'snake swallow elephants' and use the principle of 'leveraged buyout' to acquire a high-quality hotel listed company.

For him, he is not afraid of Cathay Pacific City's high debt, and he will earn back a little bit by speculating in the futures contract next year;

Then sell the shares of some listed hotel companies before the '87 stock crash', and wait for the stock crash to come back.

In this way, it is hundreds of millions of non-recurring profits, so why worry about the debt not being reduced!

Moreover, before the stock market crash, one or two more rights issues were raised, and the money was there.

There is no need to pay interest on rights issues, only a small amount of dividends need to be paid to shareholders, and even dividends can be paid in lieu of shares, which is quite cost-effective.

However, in this way, the burden of the group is concentrated on the New Era Real Estate, as the parent company of Cathay Pacific City and Chinese Real Estate, and the shareholding is as high as 49%, which is equivalent to every time the two companies raise funds through the rights issue, the New Era Real Estate needs half of the rights issue to ensure that the shareholding is not diluted.

This is also why it is not Lin Zuhui's personal direct control of several companies, and he personally cannot afford to issue shares in these companies.

.....

Back to New Era Real Estate.

Lin Zuhui called Liang Zhenxun and informed him about the fundraising of Cathay Pacific City's rights issue.

Liang Zhenxun thought for a while and said: "There is still 80 million cash flow on the account of New Era Real Estate, but we can issue 150 million shares by borrowing debt. At present, our debt has been reduced to 1.35 billion, and the company's net assets have reached 3.8 billion, and we can borrow another 200 million loans. ”

He is not afraid of too much debt now, in the words of the boss, the debt ratio is something to consider next year, and this year is just about development.

Lin Zuhui said: "The invested industrial plants have been sold since mid-November; In the case of blue chips, the Hang Seng Index will close its position at 2400 points, which should be the same at the end of November and the beginning of December. ”

Liang Zhenxun was a little shocked when he heard this, is this boss so confident in the trend of the stock market?

"At present, our blue chips have made a profit of 160 million, if according to the boss's analysis, there is no problem with a profit of 200 million, and an investment in blue chips alone can return 300 million (margin 20%, 100 million). If you add 250 million yuan of funds from industrial plants, the company can make a profit of 550 million yuan from these two investments at the end of the year. ”

Looking at Liang Zhenxun's confident expression, Lin Zuhui struck: "At the end of the year and the beginning of next year, Chinese Real Estate is expected to raise 1 billion through rights issue. According to the shareholding ratio, New Era Real Estate will issue 500 million shares! Cathay Pacific City also has to raise funds by rights issue, in general, before the beginning of next year, the new era of real estate needs a total of 800 million rights issue! ”

Liang Zhenxun was not surprised when he heard this, there are many listed companies in the market that raise funds through rights issues, and his own boss is not a traditional operator, so he naturally will not miss it.

"New Era Real Estate can also raise funds through rights issues, it depends on what you mean, boss!" Liang Zhenxun said cautiously.

If the boss of his own house is not rich enough, wouldn't it dilute his shares?

Lin Zuhui nodded and said: "New Era Real Estate will also raise funds once early next year, according to the market value of 4 billion, there should be no problem in raising 400 million by rights issue." All the funds raised will be used to purchase land and old buildings! ”

Both Cathay City and Chinese Estates have split into two rights issues – at the end of this year and early next year, so there is plenty of time.

Liang Zhenxun was stunned, thinking that the new era real estate rights issue was used for the rights issue of the subsidiary, but he didn't expect the boss to make a big move and buy the land again.

However, he also understands that the return of industrial plants and blue chips is 550 million, and now he has borrowed 200 million, plus 80 million on the account, isn't this exactly 800 million!

Moreover, the company has always had real estate on sale, and the return of funds is also fast!

The boss's abacus is very fine, and the time is very accurate, Liang Zhenxun admires it in his heart.

In the end, Lin Zuhui thought about it and said: "The loan of 200 million, plus 80 million in cash, shows that after we raise funds through rights issue, there is still 130 million cash flow to drive." In this way, you take out 100 million to buy the futures contract and complete the transaction this week! ”

Look, the boss's careful calculation is too shrewd, and he refuses to let the funds idle at all, Liang Zhenxun thought to himself.

"Okay, I'll do it right away!"

Lin Zuhui nodded and said, "The loan matter will be handled by me, and it must be completed this week!" ”

He is not worried that the bank will not lend, the real estate department of the new era is the bread and butter of bankers, don't look at the high debt, those bankers are willing to borrow a lot just by looking at Lin Zuhui's face.

This is the ability and credibility of the individual, which has been recognized!

This time the new era real estate re-investment period refers to the contract, and Lin Zuhui is also formulating a strategy according to the actual situation. At present, the daily trading volume of futures contracts has been enlarged again, with 15,000 contracts traded every day, and the margin is more than 300 million.

If the market is big enough, you can increase investment, and this is Lin Zuhui's strategy.

Of course, if you buy a contract now, when it settles at the end of December, it is estimated that you will earn a little more than 10,000 yuan; Now the margin of a contract is 23,000, which is equivalent to more than 40% of the profit in more than two months.

It's still very cost-effective!

......

Lin Zuhui finally came to Chinese Real Estate, at this time, it is like the final mobilization stage of a campaign, Lin Zuhui wants his companies to start a new round of development at the end of the year, so it is necessary to ensure that the bullets of each company are sufficient.

The development of Chinese real estate will be a leapfrog development, several times the strength of the skyrocket, in addition to the new era of real estate as a backing (rights issue), but also its own investment to obtain huge profits.

First of all, at the beginning, 200 million funds plus five times leverage, a total of 1 billion value of blue chips were invested, and it is expected that 400 million yuan will be profitable by the end of the year, and 600 million yuan will be returned;

Secondly, 7,500 December futures contracts, the buying point is only 2,000 points, and it is expected to be 2,500 points by the end of the year, with a net profit of 25,000 per contract, which is a net profit of 180 million and a return of 330 million funds.

Finally, Lin Zuhui, whose 18% stake in Hong Kong and Macau Development, also intends to cash out; At present, the market value of Hong Kong and Macao is 270 million, and it will be possible to make a profit of 50 million when the time comes.

Small kiosk

Lin Zuhui earned 1 billion for this company in a year!

In addition to these assets, Chinese Real Estate has property assets of 950 million, securities investment of 350 million (including China Entertainment shares), and liabilities of 450 million.

The current market value of Chinese Real Estate is 1.5 billion, which is not high, but is greatly undervalued; After all, with the golden sign of Lin Zuhui, the market value will generally increase by 30%.

The reason for the low market value is that the outside world does not know much about the investment in blue chip stocks and futures contracts of Chinese Real Estate.

Calling the general manager Gao Yi, Lin Zuhui said: "Put some smoke out of our company's investment profits, and strive to make the market value rise a little more!" Also, the 18% shares of Hong Kong and Macao Development, I plan to sell them in a package, you go and inquire if there are any fund companies and investment companies that are interested, and sell them at a premium of one or two percent. ”

Everyone knows that the development of Hong Kong and Macao is a potential stock, and the Huili Stadium will be the third largest casino of SJM, with annual rents that can increase several times.

"The boss plans to raise funds through a rights issue?" Gao Yi asked. This is almost the signature routine of their own boss, the good news is released before the rights issue to raise funds, and then take advantage of the booming stock market, fast, hateful, accurate, quickly raise a huge amount of money, and then buy high-quality assets.

"Yes, but the rights issue is around the end of the year, but we can continue to release the good news first; In this way, if the Hang Seng Index rises above 2,400 points by the end of the year, our market capitalization may be as high as 2 billion. ”

"Okay, I'll take care of the arrangement!"

After Gao Yi left, Lin Zuhui finally felt relieved, and he had already made a complete plan in terms of financial arrangements.

At the end of the year and the beginning of next year, Chinese Real Estate expects a cash flow of more than 2 billion, plus half of the loan, which is more than 4 billion to drive.

This amount of money is also a pivotal investment for the four major families such as Li Chaoren, and it is an investment that shocks the whole of Hong Kong.

At this time, the first round of negotiations had been held on the acquisition of the Twin Towers, the development rights of the Admiralty MRT station, and this round of negotiations was only with Ng Teng Fong's intention to purchase the Twin Towers by a 'new' consortium.

However, because there are four partners in this investment: Sino Real Estate, Everbright Real Estate, Nanyang Consortium, and Australian Consortium, Huang Tingfang said that he had to communicate with everyone first.

It's not a big problem, as long as Sino Real Estate agrees to sell, the other three consortia definitely don't want to let go of the rent, and this kind of portfolio is basically the fate of the sale.

The only thing that Lin Zuhui is looking forward to is whether it is possible to buy 1.8 billion Chinese real estate, which is 100 million cheaper than the historical Benda Center. However, he didn't have much hope, and it was acceptable within 1.9 billion anyway.

.......

.......

On Wednesday, Cathay Real Estate announced the progress of its asset restructuring: its total assets are 950 million, debts are 450 million, and net assets are 500 million. At the same time, Cathay Properties announced that it would enter the hotel sector.

In less than two months, Cathay Property's net worth skyrocketed to nearly three times, which immediately delighted investors, and the stock naturally began to skyrocket, rising as much as 10% on the day.

The next day, there was a lot of media coverage. Among them, Standard Chartered (Asia) spoke highly of the management of New Era Real Estate (one of Cathay Pacific shareholders), and investors even thought that Lin Zuhui had a bit of a skill in turning stone into gold and had the ability to rejuvenate his hands.

Lin Zuhui took Liang Zhenxun and Lu Donglai, two executives of the new era real estate department, to No. 1 Connaught Road Central, Central, Hong Kong Island - Furama Hotel.

Officially opened in 1973, the Furama Hotel is a prestigious hotel with the first revolving restaurant in Hong Kong on the top floor.

The disc embedded in the top of the tower is a revolving restaurant, where Ba Jin also dined with a view.

Owned by the Fu Lao Rong family, Macau's 'second generation gambling king', the Furama Hotel consists of two plots of land, one of which was auctioned off for 3.6 million yuan in 1952, and the other is Praya, the headquarters of the old Swire & Co., which has been entrenched by the sea since 1897. In order to put the two plots of land together, Fu Yinzhao bought the headquarters from Swire in 1954.

A total of HK$12 million was spent on the two plots of land, and the average price of a square foot of land at that time was about HK$500, which means that the land covers an area of 25,000 square feet.

Don't look at the land of only 25,000 square feet, Lin Zuhui seems to remember a message in his previous life, in May next year, the Hong Kong government will auction a 'Central Land King' - the former site of the fire station, which is near the Furama Hotel, covering an area of only 2.26 square feet, with a starting price of 480 million, which was auctioned by Hang Seng Bank at a sky-high price of 840 million, and the headquarters of Hang Seng Bank was built.

In other words, the land of Furama Hotel is now worth more than 500 million!

Furama Hotel was listed in 1985, with a current market value of only 800 million yuan and a net asset of about 10~1.2 billion.

After Lin Zuhui took two subordinates to circle around the hotel, he said, "Let's go, let's go up for dinner!" ”

Liang Zhenxun and Lu Donglai's hearts were a little uneasy, could it be that the boss wanted to buy Furama Hotel, this is a real snake swallowing elephant!

At present, the Fu Lao Rong family is taken over by his son Fu Yinzhao, and the Fu Lao Rong family holds 75% of the shares of Furama Hotel (25% of the shares need to be sold to the public for listing), and it is naturally impossible to buy it from the stock market!

Therefore, if you want to get the Furama Hotel, you can only open the gap from the Fu Laorong family and directly buy the shares in its hands.

In this way, if Fu Yinzhao sees that Lin Zuhui intends to buy, he can pay a premium of more than fifty percent, or even more than seventy percent. After all, someone else's market value is lower than net worth, and this kind of property is generally reluctant to be sold by families, unless you give too much.

The three of them came to the hotel's revolving restaurant, with a clear view of Victoria Harbour and Tsim Sha Tsui, this hotel building can be said to be a seaside building, because the building across the street is a very low municipal building - Hong Kong City Hall.

Lin Zuhui's mind was not on eating, looking at the scenery of Victoria Harbor, he felt a burst of heroism in his heart, he should have such a hotel, so as to be worthy of his title of 'Merry Tycoon'.

Speaking of which, the history of Xiangjiang's well-known five-star hotels for half a century, Lin Zuhui is like a stream!

The Peninsula Hotel, the 'Far Eastern Lady', was established in 1928

Established in 1963, the Mandarin Oriental Hotel is not a first-sight beauty

The Hilton Central Hotel was established in 1963

Established in 1964, Hyatt Regency Nathan Hong Kong

The Furama Hotel was established in 1974

These five hotels should be the five-star hotels in Xiangjiang before the 80s, and all of them are famous.

In the 80s, the rise of Chinese-funded power led to the establishment of a number of Chinese-funded five-star hotels:

The Regent Hotel in New World opened in 1983

Shangri-La Hotel, Tsim Sha Tsui East, opened in 1981

There are only seven five-star hotels in total, and well-known hotels such as the Prince Marco Polo Hotel in Harbour City and the Miramar Hotel in Tsim Sha Tsui are only four-star hotels.

Lin Zuhui also knew that in the late 80s and early 90s, five five-star hotels sprung up on the island:

Among them, there are two convention and exhibition centers in Wan Chai, which have both the renaissance sea view and the luxurious Grand Hyatt Hong Kong;

JW Marriott (1989), Island Shangri-La, Hong Kong (1991) and Conrad (1993), on the other hand, released luxury hotels every two years.

To sum up, if Lin Zuhui wants to have a five-star hotel, he naturally has to start with soft persimmons.

After a simple meal, Lin Zuhui gave his subordinate Lu Donglai an order and asked him to help him make an appointment with Fu Yinzhao.

Sure enough, Liang Zhenxun and Lu Donglai said in their hearts that the boss was really going to swallow the elephant.

"Boss, the cost may be 1 billion, and Cathay Pacific City may be a little difficult!" Liang Zhenxun said tentatively.

Lin Zuhui said indifferently: "If Fu Yinzhao really has the intention to sell us, then we will naturally use a large number of bank loans!" As for the debt, in addition to raising funds through rights issues, I will try my best to help Cathay Pacific City seek financial profits, so you don't have to worry about it! ”

Liang Zhenxun and Lu Donglai immediately had confidence, they believed in their boss's financial ability, because until now, Lin Zuhui's investment in securities and foreign exchange has never missed.

And for Lin Zuhui, the stock market is his ATM!

Even if Cathay Pacific City does not make a profit on the futures index contract before the stock market crash next year, then Cathay City can also reduce the shareholding of Furama Hotel before the stock market crash, and then pick it up after the stock market crash, which can make a profit of hundreds of millions; At the same time, you can also use offshore companies to make a little money short, and you don't need to make too much, and making a few hundred million less will not have much impact.

In short, as long as a bank dares to borrow, he can swallow whales.

What's more, even if there is no remaining profit, Cathay Pacific City can basically get enough ammunition by selling Wang Kee Building and raising funds through two more rights issues.

After all, Cathay Pacific City has the backing of the entire new era real estate system, and there is no way there will be a problem.

......

In the conference room of the Furama Hotel, Lin Zuhui took people to meet Fu Yinzhao, the second generation of the very low-key Fu Laorong family, who is very low-key.

There are many such low-key and super-rich families in Xiangjiang, and their family's family history is all out of the way, especially some descendants of bureaucrats and warlords of the late Qing and the Republic of China, drug dealers and smugglers, etc., who are even more reluctant to show their wealth.

Lin Zuhui came to the door at this node, and the timing was just right, since the beginning of this year (1986), a wave of immigrants has been set off in Xiangjiang, and many rich people are preparing to emigrate.

Among them, there is a Chen Jun family of the 'crocodile shirt' brand that Lin Zuhui has always kept in mind, and in September 1987, the crocodile shirt with the same name as 'Bauhinia' was sold to the Lin Baixin family of Lai Sun Group.

What is the logo of Hong Kong?

Except for Bauhinia, I'm afraid everyone will point to the leather shoes on his feet, and the leather goods and clothes on his body will proudly tell you: crocodile shirt.

After some introductions, a few people sat down in the conference room!

Fu Yinzhao is a young man who is almost 60 years old, he has always kept a low profile, and his photos have hardly appeared in the Hong Kong media; Before Lin Zuhui made an appointment with him this time, he had already explained his intentions, so everyone discussed in the conference room.

Fu Yinzhao took the lead and said: "Lin Sheng has achieved such an achievement at a young age, I have heard of it for a long time, and when I see it today, it is really extraordinary!" ”

He was not saying flattering words, but he was sincere, as soon as he saw Lin Zuhui, he saw that although others were young, their momentum was not weak at all, and his face was even more confident.

Lin Zuhui said with a smile: "Fu Sheng has won the award!" I guess you know the reason for this interruption. So I want to ask what you mean? ”

First there is the question of whether to sell or not, and then there is the question of price!

Fu Yinzhao said without hesitation: "Furama Hotel is the ancestral business of our Fu family, and the family has no idea of selling, I'm afraid it will disappoint Lin Sheng!" ”

If you don't sell it, what did you promise to meet for, just to see how handsome you look?

Of course, Lin Zuhui didn't believe it, and said with a smile: "We are very sincere!" Furama Hotel chooses to go public after more than ten years of operation, it must be valuable, and we are willing to buy a large number of shares in the hands of your family at a premium! ”

Shout a little higher first, if Fu Yinzhao answers, it means that their family is also interested in selling. If you don't answer the connection, it means that others really don't want to sell.

In fact, the reason why Furama Hotel chose to go public is to pay off its debts. During the Sino-British negotiations, many hotels incurred a lot of losses, such as Roche's Regal Hotel, which once lost hundreds of millions, and then had to break his wrist and sell it to his son Luo Xurui.

Fu Yinzhao pretended to ponder for a while and said, "How much is the premium?" ”

Lin Zuhui stretched out five fingers and said, "With today's market, the premium is fifty percent!" ”

How shrewd Fu Yinzhao is, otherwise he would not have made money in the '98 Asian Financial Crisis' in his previous life, and sold his shares to Lin Jianyue at the price of Fulihua, which has a market value of only 3.1 billion, according to the price of 6.9 billion yuan.

"Haha, the market value of Furama Hotel is obviously much lower than the net asset value, which Lin Sheng obviously will not be unaware of. The premium of 50% may be worth a net worth, but this is our family's ancestral business, coupled with the thriving economy of Hong Kong, this price is not attractive. Of course, members of our family may not agree to sell the Furama Hotel. ”

After being rejected, Lin Zuhui was not annoyed, and said with a smile: "It seems that I am not sincere enough, so let's do it, Fu Sheng and the family members mention it, and I will also go back and reorganize the offer." We'll talk about that next time? Regardless of whether Fu Shi has the intention of selling it or not, we can also drink tea together! ”

Lin Zuhui implied that he could still raise the price, which made Fu Yinzhao look forward to it!

Furama Hotel has been in decline in recent years, and the scenery is no longer prominent, after all, the decoration has been too old, and the new five-star hotel can no longer be compared, and there are a lot of losses in the past few years, so Fu Shi considered listing it.

"Okay, looking forward to meeting you next time!"

Walking out of the Furama Hotel, Lin Zuhui said to Lu Dong beside him: "In the long run, the office building in Central is more profitable than the hotel, so I fancy this land; As for the hotel, maybe after ten or twenty years of operation, this building will be demolished and rebuilt as an office building! ”

Lu Donglai reminded: "Boss, I'm afraid that Fu Sheng won't agree easily, I'm afraid he will kill us!" ”

Lin Zuhui said with a smile: "What is the value of a piece of land from 1982 to 1984 now?" ”

Lu Donglai immediately understood what Lin Zuhui meant, his own boss is looking at the long-term interests, Central is originally an inch of land, and it is now difficult to obtain high-quality land and buildings in Central.

"Indeed, maybe in two years, our premium has gone back."

Now a super building in Central is at the level of more than 1 billion, and it is worse than 500 million, and the small building is also at the level of 200 million or 300 million.

The key is to buy at a premium, unless others are in a hurry to immigrate, it is possible to pick up and earn, such as the Hongji Building purchased by Cathay Pacific City.

To be honest, this time to buy Furama Hotel, Lin Zuhui's bottom line is also a premium of 10%, that is, the market value is calculated at 1.6 billion; If Fu sells 70% of the shares, Cathay Pacific City needs 1 billion yuan to take it.

Of course, Lin Zuhui wants to win the premium of eighty percent, after all, the stock market has not yet reached the madness before the eighty-seven stock market crash.

.......

The last week of October.

The Hang Seng Index was as expected by Lin Zuhui, opening at more than 2,300 points, and the stock market was hot.

Wanhui Media raised 130 million yuan, and Cathay Pacific City raised 320 million yuan, both of which were higher than the planned fundraising.

The real advantage of the stock market boom is not that the fundraising is high, but that the fundraising is very smooth, and the new shares issued are basically swept away.

.....

Friday, October 31.

Lin Zuhui led the team to the conference room of the Furama Hotel, this time to audit the finances, if nothing else, the two sides will sign the transaction contract in about ten hours.

Sitting in the conference room of Furama Hotel, Lin Zuhui watched the three classes of auditing, finance and lawyers flipping through the company information provided by Furama Hotel.

A few years ago, when Li Chaoren bought HK Electric in Hongkong Land's hands, it is said that he personally led a team of people and spent only 12 hours checking HK Electric's financial reports, and then reached a deal of 2.9 billion.

Now, is he comparable to Li Chaoman!

This time, the purchase of Furama Hotel, Cathay Pacific City paid a premium of 80% and acquired 70% of the shares of the Fu Laorong family; According to yesterday's closing market value of 850 million, Cathay City needs to pay 1.07 billion to the Fu Laorong family.

It's also a transaction of more than 1 billion anyway, not to mention that I'm still so young!

The deal does not need to be paid all at once, but is divided into three three-month payments, with the first tranche of $300 million. This gives Cathay Pacific City enough time to prepare the remaining $800 million in cash.

Time passed little by little, and at about four o'clock in the afternoon, the answer had already appeared.

The Furama Hotel's finances were not too problematic, with assets of $1.2 billion, debts of $80 million, net assets of $1.12 billion, and a profit of $28.6 million in the 1985-1986 financial year.

Naturally, Lin Zuhui did not care about the low profitability, he saw the value of the Furama Hotel itself, and planned to privatize it after the stock market crash in 1987.

Since there were no major problems, the two parties decided to sign a contract!

In the signing room, both sides sit on one side, and the lawyer is finally checking the contract.

Fu Yinzhao joked with a smile: "Lin Sheng, the contract stipulates that if Cathay Pacific City does not pay the balance within three months, then the tart booking fee and Furama Hotel will belong to us!" ”

Lin Zuhui said confidently: "Of course, this is the price of breach of contract, Xiangjiang is a legal society!" ”

"Haha, Lin Sheng is very confident, it seems that the bank has already established a good relationship!"

Lin Zuhui shook his head and said firmly: "Now I haven't talked about a bank yet!" ”

Fu Yinzhao was stunned, and said kindly after a long time: "Then as far as I know, in addition to raising more than 300 million yuan through rights issue, Cathay City's financial situation is not very abundant!" "I almost didn't say it, but in fact, he was a big debtor.

"Fu Sheng, don't worry, the bank will sell my face!"

Sure enough, he is young, and he is so aggressive in doing things, Fu Yinzhao thought at this time.

In fact, although Lin Zuhui did not negotiate with the bank first, even if there was no bank, Cathay Pacific City would not be a disaster. It has both a parent company and a brother company, and it is enough to trade properties such as Wang Kee Building to them!

What's more, when it is really a desperate situation, Lin Zuhui can still sell blue chips to remedy it!

Of course, the banker would not refuse Lin Zuhui's loan request, this is what he thinks in his heart.

After a while, after the lawyers of both parties confirmed that there was no problem, the two parties began to sign the contract.

At this moment, Lin Zuhui actually felt a little excited, this is a high-quality asset!

It seems that he has a premium of eighty percent, but he knows that 11 years later, Fu Yinzhao sold his shares to Lin Jianyue, a loser, with a market value of 6.9 billion, and almost made Lai Sun Group collapse in the 98 Asian financial crisis.

In fact, Lin Zuhui has already planned to help Lai Sun Group digest three businesses, crocodile shirts, Asia Television, and Furama Hotel, just to save Lai Sun Group.

He is not afraid of losses, anyway, the stock market has endless money.

After the contract was signed, the two parties carefully collected it, and Cathay Pacific City took out a check for 300 million.

But it's almost the weekend, and Fu Yinzhao can only redeem it on Monday.

After the contract was signed, representatives of Cathay Pacific City and Fu held a small press conference in the hotel to officially announce the completion of the deal.

......

The next day, people who are accustomed to reading newspapers found a big news: Cathay Pacific City bought 70% of the Fu family's Furama Hotel at a sky-high price of 1.07 billion.

Immediately stunned the citizens who were familiar with Cathay Pacific City, this company had just finished asset reorganization, and the money from there to buy such a large amount of assets.

"The debt ratio is too high! If you had known, you wouldn't have bought Cathay City shares! This should be bad news! ”

"Snake swallowing whales! Lin Zuhui played a stinky chess game this time. ”

"Still too young!"

Criticism came to the face, and no one felt that Lin Zuhui had made the right move.

Even many of Lin Zuhui's partners and friends have called, and Lin Zuhui has to comfort everyone that Cathay Pacific City will soon have no problem.

In the morning, Lin Zuhui fell into thinking in the office about how to deal with this crisis of public opinion.

Cathay Pacific City also needs a funding gap of $800 million (including taxes), and if it is all borrowed from banks, it will obviously not solve the problem of public distrust. After all, 800 million yuan requires 80 million yuan of interest every year, and Furama Hotel's annual profit is less than 30 million, and even the interest is not enough.

In the end, he came up with a solution, that is, Cathay Pacific City sold Wang Kee Building to Chinese Real Estate and obtained 350 million in cash. As a result, the new debt is only 450 million.

In this way, the situation can be eased a bit!

When the Hang Seng Index rises to 2,400 points, Cathay City will sell its securities investment worth 200 million yuan.

In this way, the crisis was temporarily resolved.

Thinking of this, he called Lu Donglai, the general manager of Cathay Real Estate, and Gao Yi, the general manager of Chinese Real Estate.

After the two of them sat down, Lin Zuhui said: "Next week, I plan to ask Cathay Pacific City to sell Hongji to Chinese Real Estate for 350 million yuan to alleviate the menacing public opinion!" ”

Gao Yi reminded: "Boss, Chinese Real Estate can't take out 350 million cash for the time being!" ”

Lin Zuhui nodded and said, "Of course I know this, I will make an announcement first, and then trade in December!" At the same time, I will recently borrow 450 million in the name of Cathay Pacific City to pay for the Fu family. ”

Gao Yi then said: "Okay, let's go prepare some materials!" ”

Lu Dong said: "Then we will simply release this trading news tomorrow, so as not to drag down Cathay Pacific City's stock on Monday!" ”

Lin Zuhui thought about it right, and said, "Yes!" The two of you go ahead and sign the contract next week. ”

The two nodded, and went to sort out the materials and hand them over vigorously.

......

The next day, Cathay Pacific City held a press conference.

Lu Donglai, on behalf of Lin Zuhui, attended the meeting and explained the intention of Cathay Pacific City to invest in this move.

"As the flagship of the hotel management of the new era of real estate, the acquisition of Furama Hotel is understandable. Moreover, according to our company's estimates, the land value of Furama Hotel alone may be as high as 800 million, which can bring long-term development to the company. It makes sense for us to value the entire Furama at $1.6 billion, and soon this asset will appreciate in value. ”

A reporter asked: "So if your company borrows a lot, the annual interest generated will be greater than the income brought by Fulihua, is this investment also a long-term development?" ”

The implication is very simple, the interest can't be earned, and what long-term development is considered!

Lu Donglai still said gracefully: "I won't borrow a lot!" We're just turning our existing assets into hotel assets. Our Wang Kee Building has entered into a transaction agreement with its sister company, Chinese Estates, to sell to Chinese Estates for 350 million yuan. At the same time, the securities invested by our company are also worth nearly 200 million, and we intend to cash out at the right time to pay for this transaction, so the actual liability incurred this time is 250 million.

At the same time, we have looked at the financial report of Furama Hotel and found that with the development of Xiangjiang's economy, it is expected that in the next fiscal year, Furama Hotel's net profit will increase by more than 30%, that is, a profit of 40 million! ”

Actually, Lu Donglai had some stolen thoughts.

Even if the debt increases by 250 million this time, the original debt is still 450 million, and Cathay Pacific City is also burdened with 700 million in debt.

After a series of exchange assets of Cathay Pacific City, its main assets are only three parts: first, high-quality properties worth 350 million yuan, and second, futures contracts with 70 million investments; 3. Furama Hotel has 7% equity.

Lin Zuhui also thought of this, but he already planned to pay off his debts through futures contract investment next year, so he didn't have to worry.

The top priority is to have an explanation with the public, so as not to let the stock price of Cathay Pacific City plummet, and a slight drop will not be affected.

Lin Zuhui's listed company has never had such a fierce public opinion. Of course, Lin Zuhui has already implemented the method of breaking public opinion, and I believe that the problem is not very big.