Chapter 205~206 [When the Barbarians Come Knocking on the Door] (Ask for subscription!) )
After the Spring Festival, Lin Zuhui quickly put himself into work, this year (1987) is his key year, as long as everything goes well, his financial strength will reach the level of the top ten chaebols, or even the top chaebols.
In this way, Lin Zuhui can consider developing overseas or inland next year (1988); Not only that, as long as he does a good job in this year's career, Lin Zuhui will have more time to enjoy life in the future.
Tuesday, February 3.
Lin Zuhui called Liang Zhenxun and Lu Donglai and said: "This Friday, Cathay Pacific City will raise funds by rights issue, and two shares for every five shares, you should hurry up and do it!" ”
Liang Zhenxun and Lu Donglai are not surprised, the boss has negotiated with various banks a year ago and borrowed a huge amount of 1.28 billion. The acquisition price of the hotel needs 1.58 billion, and the remaining 300 million is naturally raised from the rights issue.
Cathay Pacific City originally had more than 300 million liquidity, but last month it was triple leveraged to buy 900 million worth of blue chip stocks; And the buying point is not bad, there was a wave of decline (2450 points) in the middle of January, and it rose again (2550 points) in the last week of January.
"Okay, let's go get ready!"
Lin Zuhui nodded, and said to Liang Zhenxun: "After the new era real estate rights issue of 160 million this time, there will still be 1.1 billion funds left in the account, so I won't move for the time being!" ”
Last month, New Era Real Estate has bought 600 million land and old buildings, and this time the rights issue needs to spend 160 million, as for the remaining 1.1 billion funds, Lin Zuhui intends to go to Hongkong Land to buy land reserves directly.
Because he knows that the Jardine Matheson strategy will be listed this month, and the restructuring of the Jardine Matheson system will come to an end.
And the signal of Hongkong Land's intention to put the property on the market will also appear.
Instead of buying a little bit in the market, it is better to swallow the billions of land reserves of Hongkong Land directly.
Liang Zhenxun reminded: "Boss, now the property outside is appreciating rapidly, and our funds are borrowed again!" ”
What he meant was that putting the loan there would not only incur interest, but also the purchase of land at a high price.
"I know!"
Lin Zuhui only needed to say three words, and Liang Zhenxun nodded seriously, he was only responsible for reminding, although it was not necessarily necessary.
After the two left, Lin Zuhui leaned back on the seat easily and relaxed.
Debt is not pressing, this is his current state!
......
In early February 1987, Jardine Matheson announced the establishment of a new listed company, Jardine Matheson Strategy (Ethe), under which Jardine Matheson directly controlled the equity interests of Hongkong Land, Dairy Farm International and Mandarin Oriental. Among them, Jardine Matheson Strategy holds 26% of the equity of Hongkong Land.
Hongkong Land originally held the equity of Jardine Matheson, which was changed to Jardine Matheson.
Jardine Matheson and Hongkong Land were decoupled, and the seven-year-old relationship of mutual control came to an end.
Jardine Matheson and Jardine Matheson began to control each other, with Jardine Matheson holding 19% of Jardine Matheson and Jardine Matheson holding 26% (the number of controls by the Keswick family, the majority shareholder, is unknown, estimated at around 10%).
After the major restructuring of Jardine Matheson and Hongkong Land, Yice replaced the holding function of Jardine Matheson.
In this way, there are two lines of defense on the periphery of Jardine:
The outermost one is Hongkong Land, Dairy Farm International, and Mandarin Oriental;
The second line of defense is the Jardine Matheson strategy.
In this way, Satane Matheson became a 'city within a city'.
The Keswicks consolidated their home base (Jardine Matheson) and at the same time weakened their control over Hongkong Land. The two wings of Hongkong Land, Mandarin Oriental and Dairy International, have set up their own doors, and Hongkong Land's strength has been greatly reduced.
The important thing is that Hongkong Land is placed in the outermost part of the Jardine Matheson system, and market participants believe that this is a signal that the Keswick family intends to put the property on the market, and Jardine Matheson is waiting for the price to sell (the current market value of Hongkong Land is 16 billion yuan, and the net assets are more than 25 billion yuan), and the one who chooses the highest will win.
When Lin Zuhui heard that the restructuring of Jardine Land was completed, he did not plan to come to the door as soon as possible.
He probably remembers that the four major families only formally negotiated a takeover with Hongkong Land in September (proposing a purchase of 17 yuan per share, 50% higher than the market price, with a total share capital of 2.45 billion shares), but it was quickly swept away by the stock market crash.
Six months after the stock market crash (the comprehensive acquisition should be acquired at the highest price in the past six months, so it was arranged six months later), the four major families talked about the acquisition again, and obviously there was no sincerity (only 12 yuan per share after the stock market crash).
Hongkong naturally refused to sell it, and later some people persuaded them not to drive all British capital out of Xiangjiang, which was not conducive to the development of Xiangjiang, so the four major families gave up.
Since he knew that no one could buy Hongkong Land, Lin Zuhui only needed to take a lot of banknotes and buy Hongkong Land short.
Royal Building, Harcourt Building, Land Bank, Diganda Tower Mansion Building, Causeway Bay World Trade Center, 4 shopping mall properties, Excelsior Shopping Mall, Silvercord Centre Shopping Mall, Ocean Terminal, and No. 9 Queen's Road, all of these properties will be sold, with a cash amount of 13 billion in the previous life, and only seven Grade A commercial buildings in Central are left in the later Landmark, and all properties outside Central are sold.
Therefore, Lin Zuhui only needs to catch the land and keep collecting wool, and it would be better to buy the vacant land directly.
.......
Friday.
The Hang Seng Index closed at 2,680 points, and Cathay City successfully raised 320 million yuan.
At the same time, Lin Zuhui's personal 30,000 September futures contracts have been purchased more than eighty percent, and all of them can be bought next week.
Mr. Leung and Mr. Lu came to Mr. Lim's office, one as a director of three companies and the other as the general manager and director of Cathay Pacific City.
In fact, Lin Zuhui has already planned to transfer Lu Donglai back to the headquarters or Chinese real estate later, and Cathay Pacific City Hotel Management will become a world-class hotel management company, which not only has its own hotel brand, but also has to acquire hotels, and even acquire hotel brands.
Therefore, Cathay Pacific City Hotel Management will implement the CEO's Western-style management structure, and the CEO will naturally hire world-class talents. Of course, not all Western management methods and structures are implemented, as long as Lin Zuhui, the chairman, must have real power, and whoever wants to be dismissed will give him a fuck.
"The Point Guard Is Here"
But don't worry, there is still some time for Cathay Pacific City to develop before it can look at the world.
"Next Thursday, we will officially sign a contract with the Liang family, and the funds must be returned in time!" Lin Zuhui said to the two.
Lu Donglai hurriedly replied: "At present, the bank loans have reached Cathay Pacific's account, and the money raised will basically arrive next Monday, and it will definitely not be missed." ”
Lin Zuhui nodded, with only 300 million funds, there is no need to worry too much, the accounts of New Era Real Estate and Chinese Real Estate are more than one billion.
"According to the regulations, once the major shareholder changes, it needs to be disclosed to the market! So, as soon as the market gets the news, the shares of the big hotels will skyrocket. Director Liang, I would like you to arrange for New Era Real Estate and Cathay Pacific City to quickly grab funds in the market and increase our stake to 34%. Presumably, only 3 million shares, 200 million funds should be able to be won. ”
Liang Zhenxun said: "Boss, even if we don't grab the chips, the stock price of the hotel will rise!" The Kadoorie family is dedicated to making electricity, and all the funds are withdrawn to China Power, I am afraid that it will not have the strength to absorb shares. And we don't really want to fully acquire the big hotel, so why spend that extra 200 million! ”
Lin Zuhui waved his hand and said: "We are not short of the 200 million, and it is safer to control it at 34%. Now we don't have the strength to fully acquire the big hotel, don't we have that strength in a year? Don't forget, two years ago, in our new era real estate department, there was only one listed company on the verge of liquidation with a market value of only 50 million. ”
Liang Zhenxun was shocked and hurriedly said: "What the boss said is that I am short-sighted!" ”
"It's okay, the whole company, only I can see how huge the real estate department in the new era will be in the future!" (Medium B)
Lin Zuhui's yearning face made Liang Zhenxun and Lu Donglai ashamed.
They thought that this time the 31% control of the hotel was already the limit of Cathay Pacific City, but they didn't know that the boss saw further. Now it's like fighting a protracted war, if neither side has the strength to drive out the other in the past year, then in a year, who will be the winner?
Back then, the charter boat king had endured it for a year and a half, but now they didn't take into account the boss's earning ability.
"Well, don't take it to heart, doing things with peace of mind is the greatest contribution to the company!"
Lin Zuhui finished loading B, and encouraged the two subordinates by the way.
"Yes, boss!"
In fact, Lin Zuhui's real purpose is not to give Kadoorie the opportunity to increase its stake before the stock market crash.
So as long as the price is high enough, the Kadoorie family will retreat.
.......
.......
Thursday, February 12.
It was the Lantern Festival, but Lin Zuhui had no intention of celebrating the festival, and he was quite excited to sign an equity transfer agreement with Liang Zhonghao in the lawyer's office.
After signing, the lawyers and heads of state of both sides confirmed that it was correct, and Cathay Pacific City sent a check of 1.58 billion.
"Thank you, Brother Liang, for making it happen!" Lin Zuhui happily stretched out his hand and said gratefully.
In any case, others sold their shares to Cathay Pacific City under pressure, all of which meant to befriend Lin Zuhui; You must know that in the original history, Liang Zhonghao was only willing to sell 20 million shares to Liu Luanxiong, while the other 11 million shares were sold to Lin Jianmin of Lixin.
Don't want to buy them all?
Of course, he wouldn't have swept the market wildly after the deal was concluded, increasing his stake to 26%.
Liang Zhonghao said with a smile: "Happy cooperation, our original intention is to cash out, we are satisfied with the price you give, and the transaction will naturally be reached." However, I really didn't expect that the stock price of the hotel has risen to 48 yuan, but I am still very satisfied with this price! ”
"Haha, I'm a person who buys a property, and I also hope that both parties are satisfied, don't worry too much!"
Liang Zhonghao nodded, he felt that Lin Zuhui was not a master of bargaining, and the property he liked was shown on his face.
is like the Furama Hotel, many people say that Lin Zuhui is indeed expensive;
There is also the Huazhi Center (Twin Towers), and some people say that Lin Zuhui is expensive;
In short, everyone in Hong Kong knows that Lam Cho-fai genuinely likes quality properties and buildings.
Liang Zhonghao's painting style changed and asked curiously: "At present, you hold 31% of the shares of the hotel, will you continue to buy shares in the market?" ”
Lin Zuhui nodded without hesitation and said, "Yes, our goal is 34%, and two to three directors will be stationed in the hotel." I hope to take the helm of the hotel with the Kadoorie family, and we will live together peacefully, and jointly bring the development of the hotel out of the current state of slump and develop to a higher level. ”
Liang Zhonghao smiled bitterly: "The Kadoorie family regards the Grand Hotel as a symbol of their family, and may not be relieved that you will enter the board of directors!" ”
"If it were a family symbol, the shareholding would not be only 12 percent. The Kadoorie family has invested their money and energy in electricity at the expense of the hotel's development, which has undermined the rights of many shareholders. I hope that Brother Liang can give me a copy of the list of shareholders and relationships of the hotel, and I want to lobby them to support us. And I, too, will definitely bring them rich rewards. ”
"Well, see if you are confident, I will help you succeed! However, I still hope that you will salute before you and do enough public opinion work. ”
"It's nature!"
Lin Zuhui thought about it during this time, and the most regrettable thing about Liu Luanxiong's defeat in his previous life was that he failed miserably at the shareholders' meeting. He and Mr. Lin hold 38 percent of the shares, but only 41 percent of the voting rights are available.
The Kadoorie family, on the other hand, has only 12% of the shares, but gets 43% of the voting rights.
Therefore, Lin Zuhui pinned great hopes on the hotel's shareholders' meeting in May:
First of all, he is by no means as bad as the notoriety of Da Liu's previous life.
Secondly, he is an investment genius and a master of management, and all the listed companies he acquires have brought huge profits to shareholders.
In the end, he is very young, and now he is no longer a disadvantage, but an advantage; Because the company's assets and market value are more than 10 billion.
.......
Following.
Newspapers all over Hong Kong published the news of "Cathay Pacific City Swallow Hotel", and Hong Kong and Kowloon were shaken.
Different from the acquisition of Furama Hotel, this time stock evaluation experts and financial experts have given Guotai City praise, believing that it is very worthwhile for Cathay City to buy 31% of the shares of the hotel at a price of 1.58 billion.
Don't look at the current net asset value per share of the hotel, which is about 40~45 yuan, but its prospects are by no means comparable to Fulihua Hotel.
The Peninsula Hotel's status in Hong Kong is unmatched by any hotel. What's more, the assets of the Grand Hotel are so rich, and its symbolic significance is also extraordinary.
Lin Zuhui is now challenging the Kadoorie family, and has been rated by the media as the third largest acquisition by the Chinese after the Battle of Wharf and the Battle of Hutchison Whampoa.
For a time, the three words 'Lin Zuhui' resounded throughout Xiangjiang and spread overseas!
.......
As a Hong Kong British super-rich man, the Kadoorie family is very good at "making money", but it just can't "make people".
The first generation of old Kadoorie - Avery Kadoorie laid a foundation for the family, but he never got married, and finally let his two nephews win a mountain of gold.
When it comes to the second-generation head of Roland, there is only one daughter and one son. His son, Michael, was born in 1941 and is still a "diamond king" at the age of 46.
Interestingly, the uncle of the third generation of the head of the family, Michael Kadoorie (born in 1902), who is also the younger brother of Lorance, lived to be nearly 100 years old, like his old uncle Alley, and had neither a wife nor incense to pass on to future generations, and was also a "diamond king"!
Lorence Kadoorie has the frugal qualities of a Jew, and he is reluctant to eat even grouper, but his only son Michael is different, a pure modernist rich man! The suits he wears are made to order from London, and the luxurious styles of sports cars, antique cars and helicopters are his favorites.
Of course, Michael is not a gentleman who can only eat, drink and have fun. As the heir to a world-class wealthy property, although Mi Gaochang is not outstanding, he is also the object of admiration of many beautiful women. But he is full of wrinkles, but he always drags not marrying a wife and having children, and makes his old father so anxious that he can't sleep all night.
Lorence is dedicated to electricity, and it is difficult to separate, and the hotel is managed by his son. In 1977, Leung Chung Ho, the new major shareholder, joined the board of directors of the hotel, and at that time the two entered into a "gentleman's agreement", under which the hotel was run by Michael and the property was managed by the Leung family, and the chairman was rotated by two people. Liang Zhonghao, the major shareholder, holds 31 million shares, accounting for 31% of the hotel's shares, and Michael Gao, who holds 11.83 million shares.
At this time, in the eyes of Hong Kong people, they still only know Kadoorie but do not know Liang, and they have always thought that it is Kadoorie's assets.
The unstable holdings, coupled with the large amount of money poured into the electricity industry, the hotel operation has also suffered difficulties, and even the market value was once lower than the net asset value, which is the prey coveted by everyone, but many people still dare not start easily! The old British business family, the accumulation of a hundred years is not trivial, not to mention that the Kadoorie family is also a senior stockbroker, and the family started by this way.
Now, the young Lin Zuhui fired the first shot, and it was the first shot of ferocity, directly winning the name of the major shareholder.
The citizens of Xiangjiang are ready to watch the show!
......
The Kadoorie family is holding a family meeting, and only three people are present in attendance. The brothers Lorence and Holerich, and Michael Gao.
Roland first said angrily: "The Liang family is treacherous, and for the sake of money, he is willing to be a villain, which is really despicable!" ”
As everyone knows, the Jews in this world do business by ..... world-famous, otherwise it wouldn't have caught fire back then.
Horics said to his nephew: "Michael, the 'barbarians' are knocking on the door, and the industry we have been operating for more than half a century is so 'peep'! Therefore, you must defend this country to the death! ”
Michael had a bitter face, he and Lin Zuhui chatted at the party, and they also knew that Lin Zuhui was by no means as simple as a 'barbarian', otherwise he would not have built a 10 billion asset empire in two years, even more than Chen Songqing back then!
Chen Songqing used it for three years, and he only used it for two years!
Knowing his son's father, Lorence explained to his son: "Now we have to prevent Cathay Pacific City from entering the board of directors, and they will not dare to touch the 35% full acquisition line, because New Era Real Estate itself is a company with a high debt ratio, and I heard that the acquisition of the shares of the Liang family is all dependent on bank loans." Michael, you immediately arrange for the acquisition of individual shares from the market to increase our shareholdings, even if it is debt, don't be afraid! ”
Michael nodded and said, "Okay, father, I'll arrange it!" ”
After Michael left, Roland said lonely: "This time, in order to develop electricity, the family went all out, but I didn't expect to drill such a big loophole. Wharf, Hutchison Whampoa and other British-funded companies have been swallowed up by Chinese capital, we actually did not take warning, really shouldn't be! ”
"Without our permission, Cathay City would not have been able to make it to the board. Presumably they will also be of no avail, so let's see what to do first, maybe they will retreat. ”
"No, he won't! Lin Zuhui is not simple, why those banks lend to the real estate department of the new era on a large scale, it must be that this person is very capable and has won the trust of the bank. What is certain, however, is that he does not have the strength to fully acquire Grand Hotels. Now our main task is to acquire some shares in large hotels. ”
It's a pity that Roland doesn't understand that Lin Zuhui has already calculated this step. Therefore, Lin Zuhui arranged for someone to speculate on the shares of the hotel, so that with the financial strength of the Kadoorie family at this time, it is basically impossible to increase the holdings to 15%.
Of course, this is a later story, so I won't show it for the time being.