On Friday, Lin Zuhui came to Cathay Pacific City early and summoned Liang Zhenxun, who is also a director of Cathay Pacific, and Lu Donglai, executive director and general manager.

Lin Zuhui sat at his desk and wrote some data on paper with a pen.

After a long time, he made up his mind and said: "At the beginning of December, we need to deliver 300 million funds to the Fu family, that is, there is still 150 million cash left in the account (450 million loans) for the time being." Therefore, you can buy the December futures contract with this money, and there is no problem below 2300 points. ”

Liang Zhenxun and Lu Donglai have long been accustomed to Lin Zuhui's method of using their financial skills to bring benefits to the company, and they are no longer as trembling as they were at the beginning.

Lu Donglai pondered for a moment and said: "Even after the December futures contract is settled, it is expected to arrive in early January, and our third balance payment also needs to be paid in full in early January, and it may not be in time for time." However, our loan this time is 450 million, even if we embezzle 150 million, it is equivalent to the remaining 500 million funds, and Cathay Pacific City must put all the funds from the sale of Wang Kee Building and securities in December, so that it can be stable! ”

The implication is that the schedule is so tight, in case something unexpected happens!

As a director of the whole system of New Era Real Estate, Liang Zhenxun is well aware of the finances of the entire consortium department.

Therefore, he said with a smile: "It's okay, New Era Real Estate and Chinese Real Estate have cash reserves, and they can be seconded for turnover when the time comes, and there will definitely be no problems!" ”

As the boss's core confidant, he probably knows the boss's prediction for the end of the Hang Seng Index, which is estimated to be 2,500 points. As a result, it is now very profitable to make a December futures contract.

At this time, Xiangjiang's futures contract trading is active, with a daily trading volume of 12,000 contracts, and the margin alone needs about 270 million.

This week, the Hang Seng Index fell sharply, from a high of 2,330 points to 2,180 points today, a full 150 points drop; Because of this, Lin Zuhui plans to copy the bottom again.

Actually, Liang Zhenxun was also a little nervous at this time:

The average buying point of the December futures index contract held by the new era is 2280 points (100 million margin);

The average buying point of the December futures contract bought by Cathay Pacific was 2230 points (70 million margin);

Both of these investments are currently losing money!

The December futures contract purchased by Chinese Real Estate, because it was bought early, the buying point was only less than 2,000 points, and the current profit is okay (150 million margin).

However, Liang Zhenxun is still worried that the Hang Seng Index will fall, after all, he is not a god operator, and it is normal to have this worry.

However, Lin Zuhui has been mythologized in the hearts of everyone, and the company's influence is extremely great, and this kind of investment does not need to be discussed with others; Whether it is the board of directors or the general meeting of shareholders, no one dares to question the chairman.

"Don't worry! New Era Real Estate is a consortium with sufficient ability to resist risks. Moreover, if Cathay Pacific City does not make a little more money elsewhere, it will not develop at all, and the annual interest alone is enough for us to drink a pot. ”

Lu Donglai nodded and said, "Okay, I know!" ”

This time, with the sharp fall of the market, the market value of Cathay Pacific City has also evaporated by two percent, leaving only 450 million less.

If it weren't for the timely press conference held earlier, I am afraid that it would have plummeted to less than 400 million!

.......

Time flies, and it's December.

In the past 20 days, Lin Zuhui has lived a very fulfilling life, not because of women, but because of the down-to-earth way of working that makes him very fulfilling.

Because several companies in the real estate department in the new era had to stop their development because of financial constraints, this gave Lin Zuhui time to deal with the basic affairs of these companies.

Development properties, rental properties, investment properties, securities, futures contracts, every investment is imprinted in Lam's mind.

When he was reorganizing the company's internal affairs, the Hang Seng Index also changed like a roller coaster, first running at 2,200 to 2,300 points in the middle two weeks of November, and then rising sharply in the last week of November, with the Hang Seng Index breaking through 2,400 points in one fell swoop.

This made Lin Zuhui's hanging heart finally let go!

He estimated that 2,500 points should not be able to run on the settlement date of the December futures contract.

He and his company have invested a large number of December futures contracts, and naturally hope to close their positions with a profit.

After all, many of his plans need to use this money!

If he can't make a big profit, many of his plans can't be implemented.

Monday, morning.

Lin Zuhui convened a group of high-level meetings in the conference room of New Era Real Estate.

"Manager Li, how is the market of the industrial plant?"

Lin Zuhui named Li Rongsheng, who is in charge of rent/investment properties in charge of New Era Real Estate, as the newly promoted senior executive. However, since the acquisition of Chinese Real Estate by New Era Real Estate, it has slowly begun to focus on land reserves, and the number of rent-collected properties has decreased significantly; Therefore, Li Rongsheng did not concurrently serve as a director of the company.

Li Rongsheng was naturally quick to answer the boss's questions, and immediately said: "The price per square foot in Hung Hom District and Kowloon Bay is about 550 yuan, the price per square foot in Tsuen Wan and Kwai Chung is about 450 yuan, and the price in Sha Tin is about 400 yuan; The average increase in the industrial plants in our hands is 55%, and the market value is 550 million yuan! It is expected to start selling now, and you can get a net profit of 190 million and a return of 260 million funds! ”

"Then start selling, but don't make too much of a fuss!"

"Okay, I'll take notice! Nowadays, industrial plants in the market are very scarce, coupled with high prices, there are many people who are willing to invest, and I believe that we will sell out soon. ”

Lin Zuhui nodded, the hotter the market, the more people take over, and most people's investment theory is - buy up or down. Because in their opinion, the fall may be panic, how long to fall, how deep to fall, they instinctively feel panic. Instead, buy in the upside, and as long as you buy it, you can quickly make a profit.

The industrial plant has a profit of 20% at most, and Lin Zuhui naturally can't look at it.

And the return and principal of this investment have already been budgeted for the new investment.

Next, Lin Zuhui said to Liang Zhenxun: "What is the total market value of our blue chip stock investment? ”

The blue-chip stocks of New Era Real Estate began to be bought in June, when the Hang Seng Index was only about 1,750 points, the principal was 100 million, and then five times the leverage was used.

Today, the Hang Seng Index has risen by nearly 40%, and the blue chips selected by Lin Zuhui are all star stocks among the blue chips, and their performance has always been very good.

Liang Zhenxun is also at his fingertips immediately, after all, the boss likes prepared subordinates and pays great attention to the efficiency of meetings;

Therefore, many executives have to learn to guess what the boss is going to ask for the meeting that day, and they have to be well prepared.

"As of last Friday, the market capitalization of our blue chip investments was $750 million. If you start cashing out now, according to the current situation in the stock market, you should be able to make a profit of 230 million (after commissions and tax deductions), and withdraw 330 million funds! ”

"Sell it! The Hang Seng Index should remain above 2,400 points in December, and even 2,500 points is possible! But we have a lot of money to use, and we have to cash out anyway! ”

At present, the total market value of the Xiangjiang stock market has exceeded 400 billion, which is very gratifying!

Xiangjiang has a total population of only 5.5 million, which is equivalent to 80,000 per capita savings in the stock market, which shows how exaggerated the financial environment of Xiangjiang is!

According to Lin Zuhui's knowledge, before the 87 stock market crash, the market value of the Xiangjiang stock market was conservative at more than 650 billion; The GDP of Hong Kong is only 300 billion yuan, and the per capita product is 54,000 Hong Kong dollars.

However, the geographical location of Xiangjiang is too good, and it is a model of free economy, with up to 10 million tourists every year, as well as trade and finance.

Why are office buildings in Central so expensive?

It is because many foreign-funded institutions and companies have settled in Hong Kong and plan to use Hong Kong as a springboard to share the big cake of the mainland.

The meeting continued.

Lin Zuhui said: "I plan to let New Era Real Estate raise funds and issue shares, one for every 10 shares, and obtain more than 400 million cash flow. Director Liang, you are the person in charge of this operation, and it must be completed next week. ”

The Hong Kong government has recently been discussing the introduction of new rights issue rules that will limit the issuance of more than 10% of new shares at a time.

If Chinese Estates wants to raise funds through rights issue, it is bound to complete the rights issue before the introduction of laws and regulations; Of course, this kind of new regulations and regulations generally have an effective period, and it should be in time.

Liang Zhenxun nodded, he had already cooperated with the boss, and every rights issue fundraising could be completed on time, even the rights issue of several of its subsidiaries, he was the leader.

Lin Zuhui is responsible for finding a good time, and each rights issue is guaranteed to be the hottest time in the market, so as to facilitate the successful completion of the rights issue.

After all, once the market is sluggish, then no investor is willing to raise funds through a rights issue.

"Yes, boss! According to the current market, our rights issue will be very smooth. ”

Lin Zuhui joked with a smile: "I'm personally miserable, I'm afraid I'll have to borrow money this time to raise funds!" ”

A kind of high-level laughed in agreement, they are all old employees with Lin Zuhui, and they will not believe that Lin Zuhui is really poor. You know, since the new era of real estate can make a lot of profits in foreign exchange, futures contracts, and blue chip stocks, doesn't the boss know that he invests a little?

Besides, New Era Real Estate has issued shares many times, and the boss has issued shares every time and has not transferred them to investors.

Seeing that everyone didn't believe it, Lin Zuhui had to say: "I really have to go to the mortgage point stock rights issue, my investment is in the December futures contract!" ”

Liang Zhenxun said: "The boss can also earn it back, and the futures contract has performed very well in the past six months!" ”

Lin Zuhui said with a smile: "That's right! I just feel that I have finally made some money, and I have to raise funds through rights issues, and I have to repay debts, which is really reluctant. However, the new era of real estate has grown up now, and I am also very pleased! ”

Even if he is like a child, along the way, Lin Zuhui has been using his personal funds to support the new era of real estate, so that he has a market value of 4.6 billion yuan in the new era.

In the past, the new era only had a quarter of the market value of New World and Henderson (when the market value of the new era was 2 billion), but now it is one-third of the market value of New World and Henderson, which can be described as developing rapidly.

According to this situation, there is no problem that the eighty-seven stock disaster money is one-half of the market value of Henderson and New World. As for the comparison with Sun Hung Kai and Cheung Kong, it is between one-half and one-third.

At the end of the meeting, Lin Zuhui emphasized: "According to the usual practice, Director Liang wants to release the company's investment profits and raise the stock price this week!" This year, the news of our company's non-recurring profit of 600 million yuan will be released to me, and I don't believe that the new era real estate will rise by less than 5 billion next week. ”

The non-recurring profit of real estate in the new era was already 200 million yuan in the early stage, and now the industrial plants and blue chips have made a profit of more than 200 million each, which is a non-recurring profit of more than 600 million.

New Era Real Estate also invested in 4,400 futures index contracts, with an average purchase price of 2,280 points, and is expected to make a profit of 48 million by the end of December.

In addition, this year's development/rental real estate profit is also nearly 400 million, New Era Real Estate's financial report next year will blind the eyes of those investments, and will be among the five most profitable real estate developers in Hong Kong.

Outperform Hang Lung Properties, maybe even similar to New World!

"Okay, I'll definitely get the news out."

.......

Following.

"Daily Daily" published a big news:

Leung Chun-fun, executive director of New Era Real Estate, said in an interview that New Era Real Estate's non-recurring profit in 1986 was expected to be about 600 million yuan, and it was predicted that New Era Real Estate's annual profit in 1986 could be as high as 1 billion yuan, making it one of the five most profitable real estate developers in Hong Kong. The non-recurring ushering of real estate in the new era comes from: foreign exchange, futures contracts, property speculation, investment in blue chips and other investments.

For a time, the industry was shaken.

New Era Real Estate has been taken over by Lin Zuhui for less than two years, and its predecessor was a real estate company on the verge of liquidation, and now it is unbelievable that its annual profit can be among the top five real estate developers.

On the same day, New Era Real Estate rose by 8%, and its market value once approached 5 billion.

......

There are two flowers, one on each branch.

Lin Zuhui and Zheng Yutong went to Sino Real Estate together, and the two sat in the car and chatted.

Zheng Yutong asked when they met: "New Era Real Estate's non-recurring profit this year is really 600 million?" ”

He is an important shareholder of New Era Real Estate, and naturally cares about its interests.

Lin Zuhui said confidently: "It's just a lot, it's true!" How about Uncle Tong, why don't you just come to the company as a director? ”

There are many salaried directors in New Era Real Estate, including retired officials in politics, senior seniors in the business community, and heads of international organizations in Hong Kong.

This is a kind of celebrity benefit, Lin Zuhui likes their connections, and these people can also receive a dry salary in the new era real estate.

Zheng Yutong holds a 3% stake in New Era Real Estate, and Lin Zuhui also invited him to be a director, but he had the heart to go out of the business world and help his son get started, so he didn't agree at first.

But this time, Zheng Yutong agreed, the reason is very simple, he is now really optimistic about the new era of real estate. Although I was optimistic about it before, there were also considerations of friendship with my fellow villagers.

"Okay, I've got this director! Looks like I've made a lot of money on that investment, haha! ”

Lin Zuhui nodded, and said: "Uncle Tong, this time I went to Xinhe Real Estate, I want to settle the Twin Mansions!" 1.88 billion is 1.88 billion, this investment is very worthwhile! ”

Zheng Yutong said without hesitation: "This time you take the lead, you have the final say!" If it weren't for your WN funding issues, I would have decided on it as early as November! ”

The Twin Towers were the Benda Center in the previous life, and later called the Lippo Center; In 1987, the Australian-funded Benda Group won it at a price of 1.9 billion; The Twin Towers are currently unfinished and are expected to be ready for use in 1988.

Located on the Admiralty MRT station, the twin towers consist of two towers, 42 and 46 storeys, with a unique geometry of raised squares of varying sizes. The glass curtain wall is designed to be dark in color, and the two towers are connected at the base to create a spacious plaza and passageway. The whole building is unique and is considered to be a product of the second generation of modernism in the American architectural school.

The land for this building was auctioned in 1984 and was picked up by Sino Land, together with Everbright Real Estate, Nanyang Foundation, and Japanese Foundation, and it is said that the land price is less than 400 million.

Before the Sino-British negotiations, the land compensation fee for this land was as high as 1.9 billion.

Sino Land has currently quoted 1.88 billion yuan, sold 90% of the interest, and another 10% of the interest was won by Sino Land.

Lin Zuhui and Zheng Yutong came to Sino Properties, and Huang Tingfang and his son received the two.

Sino Property is a big real estate friend of Heung Kong, and in the mid-to-late 70s, Sino Property won nearly half of the rights and interests of the reclamation land in East Tsim Sha Tsui East, almost 900,000 square feet. Sino Land has developed these sites into Tsim Sha Tsui Centre, Empire Centre, Hershey Centre, Wing On Plaza, Nanyang Centre, Tsim Sha Tsui Plaza, etc.

If Wharf dominates Tsim Sha Tsui, Hongkong Land dominates Central, and Hysan dominates Causeway Bay, Sino dominates Tsim Sha Tsui East.

However, Sino Properties has two distinct differences in investment strategies from established real estate groups such as Hongkong Land, Wharf and Hysan:

First, Sino Land focuses on real estate development, supplemented by real estate investment. Therefore, only Tsim Sha Tsui Centre, Empire Centre and Happiness Centre are retained, and the rest are all put on sale. At that time, Sino launched the East Tsim Sha Tsui Property very well received by the market, and Wing On Plaza set a record of selling out on the same day.

Second, Sino Property's property development is often carried out in conjunction with the private investment companies of the Huang family, the majority shareholder, such as the Tsim Sha Tsui Centre, in which the Huang family holds 50% of the interest.

After the two sides sat down, Huang Tingfang said: "At the auction, Lin Sheng and I didn't know each other, but I didn't expect to cooperate so soon. ”

Lin Zuhui said with a smile: "At the auction that year, due to the lack of funds in the new era real estate, I did play some tricks to make Huang Shengjian smile!" ”

At the beginning, the Huang family and his son spent nearly 10 million more, and this purchase of the building almost made them earn several times as much.

In the previous life, the Twin Towers were sold for 1.9 billion in 1987, and in this life, they sold themselves for 1.88 billion in November 1986 (talked about in November).

Of course, there are also reasons why real estate is hot now, and if you don't buy it at a premium, I'm afraid it won't be tempting enough.

But what is certain is that the Twin Towers will definitely be sold, because there are four consortia, and if they are rented, the other three will definitely not agree.

Moreover, Sino Land lost 1 billion yuan from 1982 to 1984 and almost went bankrupt for a time; Therefore, it is unlikely to hold such an expensive property.

"There, there, I think that's a clever act!"

Zheng Yutong said to Huang Tingfang: "We have agreed to the transaction at a price of 1.88 billion, and Sino Land's investment is very cost-effective!" ”

Huang Tingfang said modestly: "If it wasn't for Brother Zheng's concession, we wouldn't have been able to pick up this project!" ”

Zheng Yutong shook his head and said, "Of course, we had an unpleasant quarrel with the subway company at the beginning, but it was more about my energy on the convention and exhibition center. The elder brother has a good eye, and the Twin Towers can make a lot of profit; By the way, you should be ready to collect rent in China Hong Kong City, right? ”

The land for China Hong Kong City was jointly acquired by Sino Land and the Wong family in 1985 for $390 million, and Sino Land is also very commendable for the construction of a 'city within a city' with a modern Huaxia Ferry Terminal.

"My brother praised that the Convention and Exhibition Center of New World is a big investment and a big project. China Hong Kong City will indeed be used for rent collection in the future, and will not be sold. ”

Listening to these big bosses talking about big projects, Lin Zuhui's heart is hot, fortunately, his new era real estate department will soon take off, and recently he has been fighting every day, and he is full of energy.

Soon, it was time for the official topic.

Lin Zuhui said: "At the price of 1.88 billion, we think there is no problem! I just want to pay for the delivery in a three-month period, and we will pay the interest incurred during the period. ”

Huang Tingfang said briskly: "Of course there is no problem! Speaking of which, the construction period of the Twin Towers is still nearly a year to be capped! ”

Lin Zuhui nodded, he was not in a hurry to use it!

But he has already thought of the name of the Twin Towers, that is, 'ACN Center', which was originally the abbreviation of 'Chinese Real Estate', and Lin Zuhui liked this name.

Soon, the two sides reached an agreement, and agreed that on the 22nd of this month, the two parties signed a formal contract in the law firm.

The reason why the signing was set for 20 days later was because Chinese Estates also had to raise funds for the first payment.

......

Back at Chinese Estates, Lin Zuhui gathered a group of high-level executives and began to arrange to raise funds for market value, and Liang Zhenxun also attended the party, he is a director of three companies, and the most things to do.

林祖辉 says:

"The first cash-out fund, the shares of Hong Kong and Macao development, we all choose to cash out, without leaving a share, and we can make a profit of 50 million to 60 million."

"The second cash-out fund, the blue chips of leveraged investment, has also begun to be sold, and it is expected to make a profit of 400 million and return 600 million yuan."

"These two funds will be cashed out in these two weeks!"

Gao Yi said: "Yes." At the end of October, we made $80 million on BEA shares and now have $150 million in cash on our books. In other words, we can gather 800 million cash flow before the 25th! ”

Liang Zhenxun added: "I need to pay a fee of 350 million yuan to Cathay Pacific City to buy Wang Kee Building! ”

Chinese Estates also invested in 7,500 December futures contracts, with a cost price of only 2,000 points, and this income is expected to return 330 million yuan in early January next year.

However, we can't count on December!

So Lin Zuhui said: "I will persuade the bank to provide us with a debt of 1 billion for this acquisition of Twin Towers, this is not a difficult thing!" ”

Everyone nodded, it is true, the value of this property is 1.9 billion, and the bank is willing to lend 1.2 billion.

Then, Lin Zuhui said: "Once the blue chips are cashed out, they can release news in the market to stimulate the company's stock price, and we need to complete a rights issue at the end of the year." Including the futures contract, we Chinese Real Estate also earned 1 billion this year, which is a very remarkable number, enough to make our market value soar to 2.8 billion (currently 2.2 billion). ”

Gao Yi nodded and said, "I will hold a press conference then!" ”

At this time, Liang Zhenxun said: "Boss, there are still acquisition targets? ”

A group of high-level executives have cast their eyes, and they are also thinking that the Chinese Real Estate has raised a lot of funds, and the boss seems to be planning to raise funds through a large rights issue, which shows that he is not satisfied with the acquisition of Twin Buildings.

Lin Zuhui nodded and said, "Let's look at the situation of rights issue first!" ”

But he didn't say that he wanted to buy the two buildings of Hongkong Land, after all, everything is still unknown.

Step by step, three of the companies in the New Era Real Estate Department, New Era Real Estate, Chinese Real Estate, and Cathay Pacific City, are equivalent to doing a joint action.

Soon the Hong Kong industry and investors will sigh - Lin Chaoren is here!

......

Since Wednesday, Lin Zuhui has been running to the bank, and Chinese Real Estate needs to borrow 1 billion to buy Twin Towers; Such a large loan naturally requires a combination of several banks.

Lin Zuhui also needs a personal loan of 250 million yuan for rights issue fundraising, using stock pledge.

By this time, he had already increased his holdings to 45% by investing in blue-chip stocks in June.

Therefore, if this new era real estate raises 500 million, he needs to issue 225 million shares!

Of course, the 225 million rights issue funds are nothing, and Lin Zuhui will be able to withdraw more than 900 million funds from the futures index contract in January next year.

.......

A week has passed in the blink of an eye.

Tuesday, December 9.

New Era Real Estate successfully completed the rights issue fundraising, and the scale of raising 500 million yuan also set off a lot of impact in the industry.

Many media commented on the usual trick of the new era: release good news before raising funds through rights issues, and then absorb funds in large proportions, acting quickly and ruthlessly.

There are even media who have concluded that the timing of each rights issue of New Era Real Estate is just right, which is related to the super financial ability of its boss.

New Era is expected to get 1.1 billion in cash this month, of which 600 million will be withdrawn from industrial plants and blue chips. In addition to leaving 500 million yuan of these funds to raise funds for the rights issue of ACN, the remaining 600 million yuan will be used to purchase land and old buildings.

As a real estate developer, as long as you have land and old buildings in your hands, you can use their mortgages and then go to develop real estate. At this time, the land reserve under New Era Real Estate is worth 2.8 billion yuan, which is already quite rich. This level is almost 30% of Sun Hung Kai and 40% of Henderson.

At the same time, New Era Real Estate also has development real estate worth 900 million, holding subsidiary shares worth 1.6 billion, renting properties worth 600 million, and futures contracts worth 100 million.

The value of assets soared again, reaching 6 billion; The debt is 1.7 billion, the net assets are 4.3 billion, and the market value is 5.5 billion.

It ranked eighth among real estate companies in terms of market capitalization, surpassing Hang Lung Properties and Hysan Properties.

Of course, Hang Lung Properties also has an Amoy Real Estate, whose market value is almost 1.5 times that of Chinese Real Estate;

Moreover, the market value of New Era Real Estate is very large, and it is estimated that it exceeds 20%.

.......

At the end of the week, Chinese Estates held another press conference, at which Gao Yi briefly announced the great achievements of Chinese Estates.

"The profit of Chinese Real Estate this year is expected to exceed 1 billion, of which the profit of securities and futures contracts is about 760 million, the net profit of Hong Kong and Macao development is 140 million, and the net profit of property rent collection is 100 million."

A group of reporters looked at each other, another billion?

instantly detonated the enthusiasm of the press conference, and questions were thrown out one after another.

"May I ask Manager Gao, is your company's securities investment from Chairman Lin?"

"All the investments come from our company's investment department, and the chairman is also in this department! The main business of Chinese Estates is to invest in property and securities, and our company's investment department has strong investment capabilities, which is the fundamental reason why the company has been able to achieve such results in less than a year. Of course, the market has risen by more than 40% this year, which is also the reason why we can make a profit. ”

"May I ask Mr. Gao, does your company use highly leveraged investment methods?"

"We did use leverage, but it was within a reasonable range! For example, the futures contract itself is five times leverage, so I think this leverage is reasonable. Of course, it's normal for people to be concerned about whether there is a risk. However, as we all know, our company's investment in the development of Hong Kong and Macao can be described as a classic! ”

"May I ask Mr. Gao, has your company's futures contract been delivered, or is it the profit generated by the December futures contract?"

"Some profits have been made in September, and there are also futures contract investments in December."

......

On December 18, Chinese Real Estate raised funds through rights issue: one share for every five shares, raising a total of 550 million yuan.

At the same time, the rights issue funds of Chinese Estates are:

The company's account funds are 800 million yuan (selling blue chips, Hong Kong and Macau development, and Bank of East Asia), raising 550 million yuan through rights issues, and obtaining special loans of 1 billion yuan, with a total of 2.35 billion yuan of funds.

Chinese Estates and New World Real Estate jointly purchased the property development right 'Twin Towers' on the Admiralty Subway Station, renamed ACN Center, with a transaction capital of 1.88 billion, and Chinese Estates accounted for 80% of the shares, with an expenditure of 1.504 billion yuan, including tax of 1.58 billion.

Chinese Estates purchased Wang Kee Building from Cathay Pacific City, with a transaction amount of 350 million yuan, including tax 368 million yuan.

After the two transactions, Chinese Estates still has 400 million cash left on its books, a futures contract worth 350 million, and other properties and securities worth 1.5 billion.

At this time, the debt of Chinese Real Estate is approaching that of New Era Real Estate, as high as 1.6 billion, only 100 million behind.

The assets of Chinese Real Estate are worth 4.2 billion and the net assets are 2.6 billion.

Its net worth has more than quadrupled from March this year!

......

The next day, Friday.

A consortium composed of Chinese Estates and New World Real Estate signed a contract with Sino Real Estate ahead of schedule and completed a property transaction of up to 1.88 billion yuan.

After the signing was completed, the two parties held a press conference to announce the details of the transaction.

The reporters at the press conference have dug up first-hand news, you know, the new era real estate department has completed two transactions of more than 1 billion yuan in the past two months, which can be said to have blinded the eyes of people in the industry in Hong Kong.

A reporter found fault and asked: "Manager Gao, as far as I know, ACN Center will not be delivered until 1988. In other words, now you need to spend about 160 million yuan in interest every year, and the normal profit scale of Chinese real estate is probably only this number! Doesn't it mean that the money earned by Chinese real estate every year is only enough to pay interest? ”

Gao Yi quipped: "I remember that some reporters questioned ACN's parent company in the past, and it was the same problem. Facts have proved that the profit of New Era Real Estate this year is said to exceed 1 billion. As for Chinese Real Estate, this year's profit is almost on par with New Era Real Estate. As for next year, we Chinese Real Estate is still a strong investment company and will not disappoint investors! ”

It's too domineering, and all reporters are guessing that the person who created this miracle should only belong to the 'flower heart tycoon'.