On Thursday, Lin Zuhui quickly contacted two banks to borrow an additional short-term debt of 500 million yuan (3 months) for himself; Lin Zuhui's reason is very simple, the shares he holds have appreciated hugely, and his companies have basically gotten rid of the debt crisis.

Bankers are not stupid, Lin Zuhui is even more of a banker's sweetheart, and he agreed to lend money on the same day.

And Lin Zuhui immediately summoned Liang Zhenxun of New Era Real Estate and said: "New Era Real Estate will arrange a rights issue to raise 10% of the funds this month, and I will subscribe in full." ”

In the last round of rights issue funds of the New Era Real Estate Department, the rights issue of New Era Real Estate raised 750 million yuan, and the result was taken to the rights issue subsidiary, and finally Chinese Real Estate received 1.15 billion rights issue funds, and Cathay Pacific City received 350 million rights issue funds (the other half of the investors provided them).

However, New Era Real Estate did not reap the benefits!

Of course, New Era Real Estate has made great profits in the development of the territory, coupled with the soaring value of the shares of its subsidiaries, so its net assets are also almost 10 billion, which is the closest moment to market value in history.

Liang Zhenxun hurriedly said: "Okay, I'll prepare!" This wave of fundraising in the new era has reached 2.5 billion, boss, do companies still need to raise funds through rights issue this month? ”

Lin Zuhui nodded and said, "Cathay City will raise funds again!" ”

"Okay, I'll arrange it after the New Era Rights Issue!"

At this time, the market value of Cathay Pacific City has also climbed to 2 billion, so if this wave of fundraising can raise 200 million, the rights issue alone has been as high as 550 million in the past few months.

The New Era Real Estate Department has one of the biggest advantages of rights issue fundraising, that is, Lin Zuhui or New Era Real Estate, as the major shareholder, is a full rights issue, which plays a very good leading role.

After Liang Zhenxun left, Chen Xiaofen also came to Lin Zuhui's office. Since Chen Xiaofen was promoted to the company's director, her direct boss Chen Bin has spent more energy on developing the site - real estate construction, real estate construction, etc.; Of course, Chen Bin is still the general manager of the company, assisting Lin Zuhui in managing the affairs of the whole company.

Chen Xiaofen sat respectfully on the sofa, full of ability and dignity, and said, "Boss, we have sold out all the real estate in Tsuen Wan. ”

Lin Zuhui nodded, the real estate in Tsuen Wan has a total of 600 residential units, with a floor area of 360,000 square feet, accounting for nearly 15% of New Era Real Estate's sales this year, so he attaches great importance to it.

"That's a good thing! If we don't sell first, we will be passive in the same region. Dasheng Real Estate hasn't started sales yet? ”

Chen Xiaofen said with a smile: "No, after all, our real estate has just finished selling, plus our reputation is better than theirs, but the price is more than 30 yuan cheaper than theirs." Therefore, they will not dare to open for a while, at least for two months! ”

Not only for this reason, Ma Qingwei also wants to make a little more!

Then, Lin Zuhui asked about the sales of other real estate, and urged Chen Xiaofen to pay close attention to sales, if he encounters a real estate with poor sales, he can reduce the price by 10% and vigorously promote it.

Chen Xiaofen felt a pang in her heart, thinking to herself that the boss had predicted something?

Recently, the group frantically raised funds through a frenzy of rights issues, and did not take large-scale investment, although it is a predetermined strategy for the group to reduce its debt this year, but it still makes the people around Lin Zuhui feel some sense of urgency from the boss.

"Okay, I'll organize the sales department to sell out those properties as soon as possible!"

"Hmmm! You usually pay attention to rest, why do you still have dark circles under your eyes, people can see it, thinking that I am urging you to work overtime!" Lin Zuhui joked with a smile.

Chen Xiaofen's face turned red, she did have some pressure recently, but of course she was embarrassed to say it, but the boss doesn't like to hear this.

"I'll adjust it as soon as possible!"

"Well, go ahead, pay more attention to your body, you are my right-hand man, I can't find a replacement for you for a while!"

Lin Zuhui urged his subordinates to work hard, and at the same time offered emotional cards.

This trick is naturally very effective, Chen Xiaofen can't wait to show her loyalty on the spot!

......

Following.

Lin Zuhui took Lu Donglai and Colbert to the conference room of the hotel to participate in the board of directors.

Cathay Pacific City has been 'humble' since joining the board of directors on May 4, but Lam is actually sharpening his knives, first hiring British-born hotel management expert Cowpert from abroad with a high salary, and at the same time Cathay Pacific City has also assembled a professional hotel management team.

At this time, Cathay Pacific City was already a hotel management company, and the company had many talents in the hotel industry.

This meeting was proposed by Lin Zuhui, the vice chairman of the board of directors of the hotel, which made Michael Kadoorie feel a little scared.

In the conference room, after everyone sat down, they all looked at Lin Zuhui.

After four months on the board of directors, Lin Zuhui has a lot of power in the board of directors, and he is no longer inferior to the Kadoorie family; This is also why the Kadoorie family swore to oppose Lin Zuhui's entry into the board of directors in the first place, because they knew that Lin Zuhui was not a good person.

Michael said: "Mr. Lin, this time you proposed to convene a director's meeting, but the meeting was not revealed, but everyone did not sleep well!" With that, he smiled as if he had squeezed it out.

Lin Zuhui said generously: "I was negligent!" The convening of the board of directors this time is because I think the company will immediately raise funds through a rights issue and raise 700 million ~ 800 million funds for the company's development! ”

Michael jumped for the rights issue, which meant that the Kadoorie family would have to do the same, otherwise the shares would be diluted again. Of course, more than 100 million, the Kadoorie family can still easily get it.

"What about the use of the funds?" Michael asked calmly.

This is a good thing, and it is impossible for him to oppose it directly.

Lin Zuhui said with a smile: "Now the stock market is at its peak, there are many companies raising funds through rights issues, and our hotel has such a good reputation, so naturally we can't lag behind." As for the use of funds, I think you know more than I do, but I still have to give my opinion. That is, we should start with the redemption of the remaining shares of The Peninsula Manila, and my reason is that although the situation in the Philippines has been chaotic since the coup d'état early last year, I believe that the situation in the Philippines will improve in a year or two at most. Besides, if you redeem it now, the price may only be three or four percent, or even that much, which is very easy for us. Once the political situation is stable, we will be able to recoup our costs in a year. ”

As a traverser, Lin Zuhui knows that the political situation in the Philippines has entered a stage of stable transition in 1989~1991, and although the economy has not exploded, it is stable; By 1993, the Philippine economy had begun to recover.

At this time, the Philippines is in dire straits, and if you redeem the other half of the 'Peninsula Hotel' shares, the price may be 70% cheaper.

The directors nodded at Lim's proposal, and the rights issue was expected to grow the company, and the redemption of the Peninsula Hotel stake in the Philippines was also a piece of cake. Without the Philippine coup, partners would not necessarily be willing to sell, and now is an opportunity.

Michael thought about it for a moment and then said, "Okay, let's vote!" ”

The unanimous vote passed, and Michael did not stop him, he now hopes to coexist peacefully with Lin Zuhui, but the Kadoorie family is also looking for an opportunity to buy back the shares of the hotel, and as long as the equity reaches 34%, it will be stable and stable Lin Zuhui.

Next, everyone began to discuss the use of the remaining funds, after all, the repurchase of 50 million shares of the Manila Hotel is almost the same.

Lin Zuhui did not express much opinion, because he knew that the fundraising time of the hotel was almost mid-to late September. As soon as the 87 stock market crash came, he immediately repurposed the funds, that is, to repurchase the shares of the Peninsula Hotel in Billy Huashan, Los Angeles and the Peninsula Hotel in New York.

Because the stock market crash will seriously affect the U.S. economy, then the repurchase of shares will not be too hindered and costly.

With these few achievements, he can be regarded as a prestige at the Peninsula Hotel, and then he will plan the future development of the Grand Hotel with Michael at that time. If he didn't cooperate, he threatened to kick him out.

After the meeting, Michael invited Lin Zuhui to his office for a chat.

"Lin Sheng doesn't seem to be very interested in the property business of the big hotel, but very interested in the hotel business?"

Lin Zuhui said with a smile: "The name of 'Grand Hotel' already indicates that this is a hotel management company. Michael, I know that your family is 'expensive but not expensive' to develop the hotel, and my strategy is different, I am 'expensive and expensive', making full use of the stock market to develop the hotel business of the hotel. If we don't need to pay interest on the rights issue, why should you Kadoorie be so conservative? ”

Michael immediately said: "If there are too many hotels, the management will not be able to keep up, which will seriously damage the reputation of the Peninsula brand." Mr. Lin, the Grand Hotel Company has been established for more than 100 years (formerly known as the Hongkong and Shanghai Hotels), and we at Kadoorie will never allow accidents. ”

Lin Zuhui said: "If the development speed of the hotel is too slow, I will not hesitate to privatize the hotel, I hope you know, I have this strength, I like to use leveraged buyout the most, I believe the bank will also support me." ”

Michael Gao was stunned for a moment, and then saw that Lin Zuhui didn't seem to be intimidating himself, and he was immediately shocked!

At this time, because the market value of the hotel is 8 billion, the Kadoorie family's shareholding is still less than 15%, because it is too expensive, unaffordable, and not cost-effective.

Cathay Pacific City has a full 34% stake, and if the Peninsula Hotel is privatized, it will have a huge advantage, and it only needs to reach 51% first to declare victory.

He didn't dare to bet on whether Lin Zuhui would get 5 billion or not, in case the bank strongly supported it, the Kadoorie family would lose the hotel forever.

"But you also have to consider the risk of the company, right?" Michael said behind him.

Lin Zuhui said: "Of course, there will be no risk in raising funds through rights issues and reasonable borrowing!" My idea is that we will plan the global investment hotel business, and the management of the hotel will still belong to the Kadoorie family, and we will work together to accelerate the investment a little bit. ”

After all, Michael is also a young man (less than fifty years old, but not married), and he also admires Lin Zuhui's investment methods, so he loosened.

"Okay, I hope we both cooperate for a win-win situation!"

The two got up and shook hands!

In fact, Lin Zuhui did not want to privatize the hotel, the price was too great. Even if privatization is carried out after the stock market crash, it will probably need more than 4 billion; Even if the bank provides a loan, he will have to pay 2 billion himself.

It's not cost-effective, the hotel industry is not a profiteering industry, Lin Zuhui is keen on big hotels, purely to improve his influence and reputation, plus some self-esteem.