Chapter 244~245 [Harvest of Wealth]
It's mid-September.
In the conference room of LEIT Group, Lin Zuhui was listening to the reports of various departments.
At present, there are three major departments of LEIT Group: crocodile shirts, LEIT clothing manufacturing, and casual wear.
Since the acquisition of Lin Zuhui, the original crocodile shirt asset restructuring has been completed, and the current LEIT Group has a total of five departments, and the remaining two departments are: fashion retail and Lukfook jewelry.
Yang Chengjun, a director (group finance) who has just joined LEIT Group, made a financial report to everyone: "In addition to the 100 million funds that have been invested in the 1 billion yuan plan of crocodile shirts, the second rights issue to raise 200 million yuan has also been on the company's account. At present, the first funds have been used and are mainly used for ......."
Everyone is in high spirits, and the financial support given by the group has not been broken.
"I will be contacting various banks recently to secure a huge loan of $700 million for Crocodile Shirts. In addition to the development of crocodile shirts, the expansion of factories and the development of casual fashion are also the main strategies of the Group. As for Luk Fook Jewellery and Fashion Retail, it has maintained its original pace of development and has been very impressive. ”
He plans to get this 700 million loan before the stock market crash, which will save a lot of trouble. After the stock market crash, banks will also become stingy in borrowing money.
A group of high-level executives were shocked, others released such a billion plan, at least it would take a year to raise funds before and after, their own boss, the funds were completed in a few months, which shows that they are doing things vigorously.
After the meeting dispersed, Roger, who was in charge of the casual fashion department, came to Lin Zuhui's office.
With the organizational structure of the group, Lin Zuhui will gradually get rid of the situation that the person in charge of these brands reports directly to himself, and has unified management and scheduling of the group.
In the previous life, the boss of LVMH Group was not only good at acquisitions, but also immediately invited a large number of internationally renowned designers to join the acquired brand after the acquisition. Although the acquired luxury brand has a great reputation, its operation has actually reached a bottleneck, so after adding fresh designers, it suddenly shines again.
In the future, LEIT Group will do the same, with huge resources and manpower at its disposal, ready to change the business difficulties of its subsidiaries.
Roger reported: "Boss, I have already investigated the situation of Jeanswest!" The clothing chain has more than 30 retail stores in Australia and was founded in 1972. Jeanswest has business dealings with the Glorious Sun garment factory in Hong Kong, where Glorious Sun is the manufacturer and sells to customers through local importers, and Jeanswest Australia is one of its customers......"
When Lin Zuhui heard this, he said: "You go and try to get in touch with an Australian importer and tell them that we can also OEM Jeanswest's garment production." Of course, this is not the point, the point is that we can cooperate with this importer in the future to acquire Jeanswest in Australia. ”
Roger nodded and said, "Okay, I'll establish a relationship with this importer as soon as possible!" ”
The reason why it cooperated with the importer to acquire Jeanswest was because LEIT Group was not familiar with the local business in Australia and needed a local snake; Moreover, the global layout of general clothing brands is developed in different regions.
For example, although it has acquired Jeanswest with an importer, LEIT Group can buy the global brand rights of Jeanswest and develop independently. If you enter Europe, you can also cooperate with the indigenous people of Europe to run Jeanswest together.
When the time is right, you can also repurchase the equity of the partner, because at that time, the local sales network has been developed, and it is possible to 'kick away' the local snake.
Lin Zuhui also advised: "Casual fashion is a place where soldiers must compete in the mainland, and Hong Kong's Boss Lion and Zuo Danu are our competitors. You have to know yourself and your opponent to win all battles. Especially that Zodanu, you want a targeted strategy. Give me a copy later. ”
At this time, Zuo Dannu had grown up, and Fat Li Lao had also become a well-known costume figure in Xiangjiang; Otherwise, Lin Zuhui really wanted to suppress Zuo Dannu.
Moreover, Fei Li Lao actually sold Zuo Dannu's equity to fund companies and investors at a sky-high price of 1.6 billion yuan in 1990. At that time, Zuo Dannu had been banned by the mainland, and the new investor took over and quickly lifted the ban.
It can be said that Zodanu will be a competitor of Jeanswest in the future!
Roger said, "Okay, I'll definitely study the opponent and the market!" ”
Lin Zuhui nodded, because the factory was still in preparation, so he was not in a hurry to acquire Jeanswest. Anyway, Lin Zuhui knows that in another year or two, the industrial plant will plummet, and the rent will also plummet, so why bother to take over at a high level.
Saving another sum for the company, Lin Zuhui thought proudly.
.......
Wednesday, September 16th.
Hengjin Securities.
Lin Zuhui began to set up the task of shorting the Dow Jones index, Nikkei index, Singapore index, London index, and Hang Seng index, and this time, he used about 1.5 billion yuan of funds withdrawn from blue chips for this investment.
Because of the diversification of funds, the Dow Jones index, which is the heaviest investment, has only 400 million Hong Kong dollars (more than 50 million US dollars).
What excites Lin the most is that the Dow Jones index has a variety of contract values, that is, the pips are multiplied by $5, $10, and $25, which is equivalent to 5 times, 10 times, and 25 times the leverage.
Not only that, but the London index is also 10 times, and only the Asian financial markets have a maximum of 5 times.
Lin Zuhui interviewed several investment managers separately, starting with George, who was in charge of investment in the Americas, who came to Lin Zuhui's office.
"George, I'm going to take out $55 million to short the Dow Jones index and choose a $10 contract."
George was shocked, the boss had arranged it for so long, it turned out to be for this investment. During this period, in order to ensure the safety and confidentiality of funds, the team of the Hong Kong company sent people to the United States several times for auditing, legal affairs and communication, and ensured that it was correct through the actual operation of 10 million Hong Kong dollars.
"Boss, the recent Dow Jones running range is 2500 points ~ 2630 points (no weight), at what point do we start shorting?"
Because the investment was proposed by the boss and the leverage was too great, George had to ask more.
Lin Zuhui asked: "If the $10 contract rises by a percentage, we will have to add margin?" ”
It stands to reason that a 10% rise will result in a liquidation, but the exchange will not wait for you to get there!
George said: "Up about 8%! ”
Lin Zuhui nodded, he already had a number in his heart, and said: "More than 2550 points are divided into small batches, and it will be completed in about seven trading days." ”
There is no need to worry about liquidation, although it is 2550 points to start buying, but there must be many contracts to buy around 2600 points.
George was relieved, the boss was assured, and he didn't need to pay for this venture capital!
"Will the funds be in place this week?"
"Schedule it now, and you should be ready to do it next week! Remember, be secretive! ”
"Okay!"
Although it is impossible to be 100% confidential, Lin Zuhui will at least not be exposed; What's more, it is only more than 50 million US dollars, and it is purchased in batches, so the impact will not be very large.
In fact, if there is a buy, there must be a short selling, as long as it is not a malicious short selling, it will not attract attention.
Next, Lin Zuhui arranged the heads of London, Tokyo, and Star City one by one, and also began to invest in shorting.
Xiangjiang is a free economic port, and it is very convenient for funds to go to sea, and funds can soon be transferred to the accounts of various overseas cities.
After everything was arranged, Lin Zuhui had already begun to calculate the benefits, and after a little calculation, he still earned more than 2 billion, which was terrifying.
.......
The last day of September.
On Wednesday morning, Lin Zuhui woke up from his sleep, pulled out his arm that had been slightly numb by the woman all night, and began to get up.
Every day lately, he is full of fighting spirit like never before!
Touching Guan Jiahui's belly, which has been pregnant for eight months, Lin Zuhui sighed in his heart.
"It's really harvest season!"
The Lin family has not only harvested 'people', but also a lot of wealth.
Guan Jiahui opened her eyes, the corners of her mouth 'all', sent a flying kiss, and then quickly fell asleep again.
Lin Zuhui looked at Guan Jiahui, who was slightly blessed and had the brilliance of motherhood, not only did he look good. This woman didn't have the opportunity to be a mother in her previous life, so let her be enough in this life, at least let her have three children.
Anyway, the Lin family can afford it!
Dressed and brought to the living room, the coffee table was already on the newspaper bought by the bodyguard, and the nanny at home was preparing breakfast.
No anti-theft
Lin Zuhui picked up the newspaper and read it!
The Hang Seng Index closed at 3,920 points yesterday, and the total market value of the Hong Kong stock market exceeded 660 billion, and the single-day trading volume exceeded 5 billion, both setting a historical record. Stock Market Boom ......'
After reading this news, a smile appeared on the corner of his mouth!
At this time, the blue-chip stocks and futures contracts he personally invested in had been put in his pocket, and a total of 6.1 billion yuan was returned;
Among them, 3.5 billion blue chips have withdrawn funds (interest and loans have been repaid), of which 2.6 billion have been withdrawn from futures contracts.
After reading the newspaper for a while, Aunt Qin, the nanny, reminded her that it was time to eat breakfast, and Lin Zuhui put down the newspaper.
Soon, Guan Jiahui came out with her stomach in a daze, and she was also called up by Aunt Qin to have breakfast.
This is a Repulse Bay mansion, and there is only one live-in nanny, Aunt Qin, and two maids who don't live at home; Whether it is a live-in nanny or a maid who does not live at home, they have been strictly selected by Lin Zuhui's security company, and political review and psychological counseling are also indispensable.
As for the security of this mansion, there is no need to worry, the security of the mansion apartment itself is very good; In addition, Lin Zuhui bought an adjacent unit for the placement of bodyguards, and there are also two bodyguards on duty at the door.
After sitting down, Lin Zuhui said: "I will move to Repulse Bay Villa on weekends, don't come here to live!" ”
Guan Jiahui rubbed her eyes and said slowly: "What did you do with so much effort at the beginning, we don't mind, what are you afraid of doing at that 'point'?" ”
Lin Zuhui stared at her, and secretly sighed that this woman was really innocent and cute, and she didn't know how powerful the god of harmony was!
"Don't think about it! You move in as a temporary measure, mainly for prenatal and postnatal safety! I've been preparing to buy a super luxury villa recently, and you'll have one for each of you when the time comes! ”
At the mention of the super villa, Guan Jiahui's eyes lit up, but soon they dimmed down.
"I don't want it now! I'll wait for you to buy it for me later! ”
She is worried about Lin Zuhui, the 'debt king', and doesn't want her man to add new debts.
Lin Zuhui was stunned for a moment, and then said faintly: "I have made a lot of money recently, and after paying off my debts, the rest of my money is relaxed." You really don't want to? ”
"Ahh I'm going to! I'm going to! I want it! ”
"Don't get excited, disturb the baby!"
Guan Jiahui hurriedly comforted the fetus with her hands, but her eyes were staring at Lin Zuhui directly, watery.
Lin Zuhui said with a smile: "Don't worry, I said that one set for one person is one for one person, and no one is biased!" ”
Guan Jiahui said with some worry: "What if the girl in my stomach is a girl?" ”
Lin Zuhui forgot what he said before, so he said: "The same treatment, this house is for you to live in!" However, it is not necessary to find a suitable super villa quickly, and then you will live in a separate villa. ”
"Listen to you!"
Although the entire 'residential plan' is an expense of hundreds of millions, Lin Zuhui can mortgage the house again and get back seventy percent of the funds.
.......
In the morning, Lin Zuhui came to the office of New Era Real Estate early, and the first guest he ushered in was his close friend Liang Botao.
Liang Botao said with a smile: "What is the so-called matter of summoning me? ”
At this time, Lin Zuhui's blue chips were all cleared, so Liang Botao couldn't guess Lin Zuhui's intentions.
Lin Zuhui said: "It must be a big deal to summon you urgently!" I want to reduce some of my holdings in listed companies, and I need your help to help me! ”
In the two years of cooperation, it is not that Liang Botao blindly helps Lin Zuhui, but that both sides have gained. Liang Botao and the investment department of GIC Baotong have received a lot of commissions; Moreover, Intercstated Treasure Bank has obtained a lot of loan business from Lin Zuhui.
Liang Botao was a little surprised, he has always thought that Lin Zuhui is a person who maintains his shares at a very high level; New Era Real Estate will be maintained at 45%, Wanhui Media will be maintained at 49%, and LEIT Group will be as high as 73.5%.
He believes that Lin Zuhui, as a 'sniper', is also worried that someone will snipe at his company one day.
For example, Li Chaoren holds less than 37% of Cheung Kong's shares, and Cheung Kong holds less than 45% of Hutchison Whampoa; The reason is simple, Li Chaoren strengthened the family's investment by cashing out the shares.
"How are you going to cash out?"
"Cash out 10% of New Era Real Estate, cash out 14% of Wanhui Media, and cash out 22.5% of LEIT Group."
Liang Botao nodded, and it was a reasonable cash-out.
"No problem, starting today?"
"Yes, start immediately, cash out as quickly as possible, the stock market is too hot, I'm worried about a stock market crash!"
"Okay, I'll arrange it right away!"
In fact, Lin Zuhui began to cash out at this time, and he may not be able to complete his goal!
There are 13 trading days left, which is 'Black Monday', which is equivalent to cashing out 1 point of listed companies every day!
The reason why he did not cash out in advance was because Lin Zuhui was worried about affecting his futures index contracts and blue chip stock investment.
After all, he needs to ensure that his main source of profit is to ensure that he is the main source of profit.
After Liang Botao left, Lin Zuhui leaned back in his chair and thought.
Of the 6.1 billion funds withdrawn, another 1.5 billion has been spent to short the global futures index;
And now, he has to arrange to repay his huge loan of 2.9 billion yuan immediately.
The reason for the early repayment is that he hopes to loosen the restrictions on his listed companies first, and also let those bankers understand that Lin Zuhui is a businessman who is very sensitive to the market; In this way, bankers will have more trust in Lim's creditworthiness in the future.
If you need it later, you can re-mortgage it or invest in leverage.
As a result, Lin Zuhui only has 1.6 billion cash flow in his hands.
I hope to short sell the futures index, and reduce the shares, and withdraw more funds for yourself!
......
Liang Zhenxun also soon came to Lin Zuhui's office and reported to Lin Zuhui.
Lin Zuhui took a pen and paper and motioned for him to start.
"Boss, the 900 million blue chips (300 million margin) invested by Cathay Pacific City at the beginning of the year have all been liquidated, excluding commissions and interest, a total of 430 million net profits and 730 million funds have been withdrawn."
"Cathay Pacific City's cashing out of 20% of the shares of Furama Hotel has also been completed, and a total of 400 million yuan in cash has been obtained."
"At present, Cathay Pacific City's debt is 1.85 billion (there is a capital flow of 400 million after the rights issue, 150 million is repaid, and 250 million shares are also issued to the hotel), and the cash flow is 1.13 billion ....."
Lin Zuhui raised his head and said: "This year's Furama Hotel's annual profit should be able to increase to 60 million, right?" (There is a change here, the profit of the former Furama Hotel in 1986 was changed to 50 million, and the historical data was found.) )”
It is said that Luo Xurui's Regal Hotel will increase its profit by 70% this year!
Liang Zhenxun analyzed: "There should be no problem! Since the beginning of this year, the tourism industry in Hong Kong has been booming, and the profitability of Furama Hotel has indeed increased greatly. Of course, it also has a certain relationship with the management of our group (to be correct, Furama Hotel is assisted by InterContinental Group, which pays a 4% management fee). ”
Lin Zuhui nodded, he planned to privatize Furama Hotel after the stock market crash, so he also considered the number of years to recover costs.
It seems that it will take more than 20 years, but in fact, Lin Zuhui knows that it should be enough for the hotel to make a profit in ten to fifteen years; The current dilemma of the Furama Hotel is that among the five-star hotels, the decoration is a little old; If it was renovated in 1989 and then restored in 1990, it is estimated that it will be able to earn more than 100 million yuan a year.
Of course, Lin Zuhui still cares about the land the most, and after the millennium, he will make a fortune if he rebuilds it.
Lin Zuhui instructed: "Repay the loans of 850 million yuan from various banks and maintain the debt at 1 billion. The remaining 280 million liquidity, for the time being, I have a use! ”
"Okay!"
280 million is not much!
The privatization of Furama Hotel after the stock market crash is estimated to require 700 million yuan at a premium of 200 million yuan to be successfully completed.
At that time, Lin Zuhui intends to participate in the privatization of the remaining 49% of the shares in the name of the family.
Next.
Liang Zhenxun said: "The futures contract of Chinese Real Estate has been closed, with a net profit of 360 million yuan and a return of 560 million yuan..... The company's debt is 1.5 billion and its cash flow is 770 million. ”
Lin Zuhui nodded and said, "Very good!" Do not reduce the shares of China Entertainment, after all, we are still preparing to buy back the entertainment building, and reducing the shares will lose dividends. Moreover, the market value of China Entertainment is too low, and it is not necessary to sell high and low. ”
originally planned to reduce the holdings of China Entertainment, but when I saw that the market value of China Entertainment was only 500 million, it would be tens of millions less to sell high and buy low, and it would be difficult and cost-effective.
Finally, Lin Zuhui said: "New Era Real Estate is now starting to reduce its holdings of Chinese Real Estate and Cathay Pacific City by 14%, and the reason for the announcement is to reduce debt!" ”
Because the combined market value of the two listed companies is more than 8 billion, Lin Zuhui also dragged his personal funds to cash out.
Liang Zhenxun immediately went down to arrange it!
.......
Lin Zuhui came to Hengjin Securities and recruited Li Hao, the general manager.
"Help me short a USD/JPY, 500 million Hong Kong dollars plus ten times leverage, remember to divide it into several foreign exchange dealers!"
Li Hao lost his mind slightly, his boss has been moving a lot recently!
First, 1.5 billion funds were taken out to short the global futures index contract, and now 500 million funds are taken out to short the USD/JPY foreign exchange.
"Boss, at what price?"
Since it was the boss who proposed the investment, there was basically no part of their investment manager's speech, which everyone understands.
Lin Zuhui said: "Yesterday's close was 146 points, you help me short sell above 142 points, remember to buy in batches on multiple trading days!" ”
He remembers that after the '87 stock market crash', the dollar also plummeted, and USD/JPY fell from 145 points to about 120 points at the end of the year. In this case, it is still difficult for Wall Street tycoons to rise against the market, because the inflation rate of the US economy is rising, and the depreciation of the dollar is the general trend.
Of course, Lin Zuhui will not take risks now, so he only took out 500 million Hong Kong dollars to play.
Li Hao said: "Okay, I'll prepare immediately!" By the way, boss, is it time for our Hengjin No. 1 to close the position? ”
Since the boss is short-selling futures contracts, the blue-chip stock investment of Hengjin No. 1 is naturally dangerous, Li Hao thought.
Lin Zuhui nodded and said, "Yes, all positions will be closed next week!" ”
However, with a market value of more than 200 million, Lin Zuhui originally planned to withdraw later.
Li Hao got the answer and immediately breathed a sigh of relief.