Chapter 212~213 [Confrontation]
The last week of February begins.
In the conference room of the Mandarin Oriental Hotel, Lin Zuhui took Liang Zhenxun and Gao Yi and his entourage to meet with Simon Keswick and other senior executives of the Land Department.
Simon Keswick was born in 1942 as a member of the Keswick family, and his uncle John Keswick was a former senior class of Jardine Matheson, and later returned to the United Kingdom in 1975 to enter politics, allowing the Jardine family to be ruled by outsiders for ten years, which was also the decade that led to the decline of the Jardine family.
Of course, the decline of the Jardine Matheson system is not directly related to the management of Niu Pijian, after all, the Keswick family is the one who sets the general direction of Jardine Matheson - making money in Hong Kong and investing overseas. It is precisely because of this general direction that the Jardine Matheson Department missed the golden decade of Xiangjiang.
However, the emaciated camel is bigger than the horse, and although the Jardine Matheson Department has lost the Wharf and HK Electric, it is still very large, and now Hongkong Land has become the bread that the Chinese elders crave the most.
Lin Zuhui did not dare to underestimate Simon Keswick, who had studied at Trinity College, Cambridge University, and was a cynical modern hippie when he was young, and after only one year of college, he asked his classmates to carry him out of the school gate lying in a coffin.
However, later, Simon Keswick joined the Jardine Matheson Department and worked in Jardine Matheson in Hong Kong, North America, Japan, Singapore, and Australia. Today's Simon Keswick is already a level-headed businessman. From the three-year asset restructuring of Jardine Land, it can be seen that Ximen is extraordinary.
In the conference room, Simon Keswick made an innocuous joke: "I've been wondering which Chinese-funded tycoon will come to the door first, it turns out to be Lin Sheng!" ”
Lin Zuhui said with a smile: "Mr. Simon has an overreputation, I am not a Chinese-funded tycoon." Moreover, I am different from them, Hongkong Land is so powerful that it is far beyond what I can covet, which makes Mr. Simon laugh. ”
Simon Keswick was a little surprised, he thought that Lin Zuhui must have brought someone to the door for the purpose of buying land; Although Lin Zuhui is not financially strong, if he raises funds through rights issues and adds a large amount of loans, he may not have the strength to come to talk, of course, it is just to talk.
"Oh? So Lin Sheng is coming this time? ”
Lin Zuhui said: "Actually, I just took the liberty to come to the door. Listening to a lot of people analyze Landmark, The door is alen, Every thing has a price (the problem is the price). ”
Simon Keswick was noncommittal, he had no confidence in Lin Zuhui, and felt that Lin Zuhui did not have the strength to discuss the issue of land with him.
Lin Zuhui continued: "We Chinese have an old saying, 'A strong man breaks his wrist', that is, if a warrior's wrist is bitten by a pit viper, it will be cut off immediately to prevent the poison from spreading throughout the body. The metaphor should be done immediately, without hesitation or appeasement. I think Hongkong Land should consider self-rescue to cope with the environment surrounded by wolves! ”
Simon Keswick showed a hint of interest and said with a smile: "I would like to hear about it!" ”
Hiding a big circle, Lin Zuhui finally told Laiyi: "Our New Era Real Estate Department wants to undertake the land reserve, Royal Building, and Xia Wei Building of Xia Zhidi, and is willing to acquire them at a market premium." ”
Simon Keswick suddenly realized that this was the case, and when he saw that he couldn't eat Land, he retreated and scraped a layer of skin from Landmark.
He had already heard that Lin Zuhui liked to buy his favorite properties in a big way, and he was quite generous, especially in the Furama Hotel.
"I see! However, these properties are very important to Hongkong Land and we may not be willing to sell them. Of course, as Lin Sheng said, the door of our land is always open, and the problem is the price. The same is true for these properties! In this way, after our company discusses it, we will reply to Lin Sheng whether to sell it or not. ”
Lin Zuhui nodded, he was originally here to recognize the door, especially to befriend Simon Keswick, so that when he sold the property in the future, he was the first to think of himself.
The two sides chatted for a while, and then parted amicably!
But after Lin Zuhui and the others left, Simon Keswick whispered: "It's kind of interesting! If Hongkong Land is interested in selling those properties, it is indeed a good choice for Hongkong Land to sell those properties, which can not only sell at a high price, but also make the competition for Chinese capital more fierce, better than letting those four or five Chinese tycoons strengthen their wings! What's more, we Jardine Matheson didn't really withdraw from Xiangjiang, if we recruited him as an ally, we could also have someone to cooperate with in doing business in China in the future. ”
At this time, after Lin Zuhui left the Landmark Building, he was also in a good mood.
Simon Keswick is not stupid, and will definitely agree to negotiate with him about the sale of those properties, which can not only cash out and make the land more solid (not really want to sell the land, but forced by the financial situation), but also sell it for a high price.
Xiangjiang people who don't know that Lin Zuhui is a generous person, for the property he likes, he is willing to buy it at a premium of eighty percent (the stock price is at a premium, and the net asset value is much greater than the stock price), which is simply a big fool.
Of course, Lin Zuhui is not really stupid, the bottom price in his heart is well-founded, even if it is a premium, it must be because the price will be like this in a few months; And there is also a premise, it must be a high-quality property, otherwise he will not be able to look at it at all.
......
The news that Lin Zuhui led the high-level leaders to meet Simon Keswick was quickly captured by reporters, and immediately threw it into the small pond of Xiangjiang like a depth charge.
Almost all the newspapers in Hong Kong published the news because it was so shocking.
A reporter found that several elders of Chinese-funded real estate began to gather and plot, and now Lin Zuhui is going to the door single-handedly, which is too surprising.
Many media began to ridicule Lin Zuhui for his inadequacy, Hongkong Land's assets are abundant, and even several top Chinese elders need to cooperate, so he dares to come to the door alone.
There are even media comments: Lin Zuhui, the newly promoted Chinese-funded tycoon, was beaten by Simon Keswick in the first round; Li Chaoren, Zheng Yutong and others were not panicked, and they were sure that it would be difficult for the Lin family to succeed.
For a while, there were still a lot of media watching Lin Zuhui's jokes!
Of course, some media commented that Lin Zuhui was commendable, and he was still fighting with the Kadoorie family on the other side, and on the other hand, he began to fight with the Keswick family.
......
When Li Chaoren saw Lin Zuhui visiting Simon Keswick in the morning, he couldn't help but whisper: "It's really overwhelming!" Hongkong Land is a giant for us, and the five of us don't dare to come to the door easily, the young man is really brave, but the strategy is insufficient! ”
......
Zheng Yutong also saw the news in the newspaper and couldn't help but shake his head, but soon his eyes began to brighten, and he said in a low voice: "Could it be that he wants to split the land and scrape the skin layer by layer?" ”
He knows Lin Zuhui, he is absolutely experienced and brave and strategic, and he will never be beaten to the ground by Ximen as the media said, otherwise how would others have laid down tens of billions of rivers in two years.
"If so, it's a great choice! However, in this way, his funds are not much skin at all, and the transaction is not cost-effective, so it is better to control the entire land. I don't need to worry, he can't buy much property, and he can't even buy a single property in Central. ”
......
After reading the newspaper, Huang Tingfang said to his son Huang Zhixiang next to him: "This Lin Zuhui's love for high-quality properties and land will inevitably compete with us in the future!" ”
Although the Wong family is the richest man in Singapore, they like to invest in property in Hong Kong, especially at auctions, when there is a good plot of land for sale.
On the contrary, Lee Shau Kee rarely starts at auctions, preferring to buy other people's old buildings and New Territories land exchange rights and interests;
Li Chaoren, on the other hand, prefers to integrate his own land, because after he acquired Hutchison and HK Electric, he has a large land bank in his hands;
As for Guo Desheng, he likes to buy a large number of industrial raw materials for buildings when the real estate is in a downturn.
Zheng Yutong, who likes big projects, is pinned down by the convention and exhibition center.
Huang Zhixiang said: "This time the real estate industry in the new era is a commercial snake swallowing whales, and I am afraid that the potential will be exhausted, and I am afraid that it will be dragged down by debts!" ”
.......
Since the end of 1986, Lin Zuhui has truly become a real estate tycoon in Hong Kong, and his large-scale purchase of assets and properties has made his reputation resounding in Hong Kong.
Furama Hotel's 1 billion yuan, ACN Center's 1.9 billion yuan, and Grand Hotel's 1.6 billion yuan are so big that everyone in Xiangjiang can see what is the demeanor of a new tycoon.
Although Lin Zuhui was also famous in the past, he was by no means as famous as he has recently been, and now he is listed by other media as a Chinese-funded big man on the same level as the four major real estate families.
.......
.......
Harcourt Building, located at 39 Gloucester Road in Wan Chai, is fronted by a reclaimed land and faces Victoria Harbour with unobstructed sea views. Xia Wei Building is very close to Admiralty subway station and close to the Convention and Exhibition Center, which is strategically located.
Later generations of the richest man Xu bought a building next to it (the former Navy Building, later called the Aimei Gao Building. 12.5 billion bought, 9.6 billion sold to Li Chaoren, S~B), and renamed 'Evergrande Center', and Xia Wei Building became a neighbor.
The entire 27-storey building is 16,000 to 17,000 square feet with a floor area ranging from 16,000 to 17,000 square feet, and the entire rental area is as high as 430,000 square feet. If such a Grade A office building is rented out as an office building, the annual rent collection amount will be as high as 100 million yuan at 20 yuan per square foot per month.
Of course, this is only a rough calculation. Harcourt Mansion has several floors of shopping mall, and its rent is much higher than that of an office building of the same size. However, the rent is not equivalent to net profit, and it is necessary to remove expenses such as management and maintenance, taxes, etc. But in any case, the current building is worth more than 1 billion!
The future value of this building, Lin Zuhui also has a number in his heart, in the previous life, the Chinese Real Estate planned to split the Xia Wei Building and sell it by floor, with a value of 500 million yuan per floor. Calculated in this way, the shopping mall part must be more valuable, and the value of the entire building should be about 15 billion.
If Lin Zuhui buys it now and collects rent for 30 years, I am afraid that he will earn more than 10 billion!
Another building.
The Royal House, later known as the Windsor Building, is located at 311 Gloucester Road, Causeway Bay, Hong Kong Island, near Victoria Park. This is a unique building, the whole building is divided into two parts, the low block and the high block, similar to a trapezoid, and the two hypotenuse sides of the trapezoidal shape are high seats.
The 18-storey Royal House is mostly a shopping mall, with a property area of 300,000 square feet and an office area of 110,000 square feet, totaling 410,000 square feet of rental area. In the 21st century, it took more than three years to upgrade the mall property to 410,000 square feet. The Windsor House is home to 150 international and local brands, more than 20 Chinese and foreign restaurants and a cinema.
The value of this building is also not inferior to that of Xia Wei Building, and the current valuation is also more than 1 billion.
......
Lin Zuhui specially took Gao Yi to inspect the two buildings, and after returning to the office, Lin Zuhui strengthened his determination to buy these two buildings.
As for Hongkong Land's land bank, it is certainly a high-quality land in the Hong Kong and Kowloon lots, and the quality is no less than that of the land in the official land auction.
He leaned back in his chair and thought about the recent business activity, which was a total of three fronts:
The first front: Cathay City buys the hotel, which currently holds a 32.5% stake in the hotel, but the Kadoorie family has refused to let Cathay City join the board of directors, and the two sides are still fighting a battle of public opinion and preparing for the shareholders' meeting in early May.
The second front: New Era Real Estate and Chinese Real Estate, seeking from Hongkong Land to buy its land bank, as well as the purchase of the Royal House and the Harcourt Building. There is no need to worry too much about this, and soon the two sides will have substantive negotiations.
The third front: Lin Zuhui's personal acquisition of 'crocodile shirts' is still in preparation.
For these three fronts, Lin Zuhui is full of confidence, so his mental state has been very good recently.
After a while, Lu Donglai, general manager of Cathay Pacific City, walked into the office.
"Boss, the Kadoorie family complained to the Securities and Futures Commission that we held more than 35% of the shares and did not launch a full takeover! At the same time, Grand Hotel proposed to the Securities Regulatory Commission to fully acquire Cathay Pacific City! ”
Lin Zuhui was stunned, is the Kadoorie family dizzy?
But when you think about it, you can see that this is nothing more than a 'warning' from the Kadoorie family.
Lin Zuhui waved his hand and said confidently: "Don't ignore them, if the Securities Regulatory Commission comes to check our shareholdings, you can cooperate well!" As for the hotel's comprehensive acquisition of Cathay Pacific City, it is even more nonsense. Cathay Pacific City owns 32.5% of Grand Hotel's shares, and under regulations, subsidiaries cannot hold shares in the parent company, and the SFC is unlikely to approve Grand Hotel's proposal. ”
Lu Donglai nodded, in fact, he also knew that these two things could not have much impact on Cathay Pacific City, but he couldn't be as confident as his boss.
"Okay!" Lu Donglai nodded seriously, and then said: "Boss, the last time you met with Michael, he rejected your proposal. Therefore, I would like to suggest that Cathay City formally issue a letter to all shareholders explaining that Cathay City owns 32.5% of the shares of Grand Hotel and deserves a seat on the board of directors, and that we have no plans to spin off Grand Hotel and that we want to participate in the development of Grand Hotel. ”
When Lin Zuhui heard this, he said seriously: "Okay, we have to win the public opinion war, and we have to win the equity war." You go ahead and arrange it! ”
Lu Donglai nodded excitedly, he didn't think the boss was talking big.
After Lu Donglai left, Lin Zuhui rubbed his head, thinking that this Kadoorie family really didn't shed coffins and didn't cry!
In fact, he did not want to privatize the hotel, not because he had financial problems, but simply because he wanted to provide the Kadoorie family as a spiritual symbol of the hotel. When it develops to a certain extent, Lin Zuhui will kick the family away, so that the Lin family will have a perfect luxury hotel brand.
Of course, he did not give up on the cooperation of the Kadoorie family, and he will slowly make the family understand that he is invincible, and only cooperation is their only choice.
In his previous life, Liu Luanxiong couldn't help but cry sadly when he learned that he had to give up the hotel.
And Lin Zuhui is different, the longer the battle line is stretched, the more strength he has.
On the contrary, he did not put much hope on the shareholders' meeting in early May.
Lin Zuhui picked up the newspaper on his desk, looked at it a few times and then put it down, and then picked up another one.
"The media in Xiangjiang is really interesting, it was you who lifted me to the altar, and you were the ones who kicked me off the altar!"
He couldn't help but smile at the corner of his mouth, it turned out that in the past two days, many media stared at Lin Zuhui's report, saying that he was not self-sufficient and went to talk to Simon Newbijian about the acquisition of Land, but he was beaten by Simon Keswick.
These media even fabricated Li Chaoren, Zheng Yutong and other elders after hearing that Lin Zuhui came to negotiate, they did not panic at all, and they did not pay attention to it.
In the end, Lin Zuhui couldn't help but shake his head and said in a low voice: "What are you doing with these media?" If they had learned that China had bought two buildings and New Era had bought the land bank of Hongkong Land, they would have understood: I, Lin Zuhui, am not self-sufficient in their mouths. ”
Leaning back on his seat, Lin Zuhui remembered the matter of the 'crocodile shirt' again, and the most difficult thing about the acquisition of the 'crocodile shirt' was not to prepare funds, but how to further develop the 'crocodile shirt' after the acquisition.
He read Lin Baixin's profile in his previous life, and it seems to say this: After Lin Baixin acquired crocodile shirts, he spent another 1 billion yuan to develop crocodile shirts, mainly to increase overseas markets, especially the Japanese market. Then, in 1987, it entered the mainland market.
If you buy the 'crocodile shirt' yourself, if you want to copy the success of others, wouldn't you have to take out more than 2 billion before and after?
However, he was quickly relieved, can't he just borrow money!
However, Lin Zuhui suddenly felt as if his money would never be enough!
The original plan was: 3 billion ~ 3.5 billion for blue chips, 20 ~ 2.5 billion for futures contracts, and 2 billion for shorting worldwide.
In this way, in this wave of opportunities, he has a cash flow of seven or eight billion yuan, and has since embarked on the journey of global expansion.
In fact, considering the problem of personal funds that may be used in the full acquisition of the hotel, Lin Zuhui will invest six billion yuan in the two projects of the hotel and the crocodile shirt.
Even if you borrow, you have to spend at least two billion!
Money is really not enough!