Chapter 246 [The Stock Market Crash is Coming]
Beginning in October, Lin Zuhui began to repay his personal debts.
Although he has a lot of debts, Lin Zuhui basically pledged all the shares of listed companies he held; If the stock market crash comes, the bank will definitely come to inquire and even force Lin Zuhui to repay the loan.
Therefore, in order to reduce unnecessary trouble, Lin Zuhui decided to pay off all the debts and interest of 3 billion yuan.
......
Monday, 19 October 1987.
Wall Street was shrouded in clouds, and in the rush and dreary "dang, dang, dang" bells, the New York Stock Exchange began a new day. At the beginning of the market, a sense of foreboding hit everyone in the noisy trading floor: the Dow Jones Industrial Average fell 67 points at the open. In the blink of an eye, there was a surge of selling orders. Under the pressure of the swarming rolling selling, all the red disks (falling) on the screen were turned up, and there was no green wave (rising) in sight. There was a panic in the exchanges, and the futures market was in chaos. From 9:30 a.m. until 11 a.m., the Dow Jones Industrial Average was falling, and no one knew what to do to contain the worsening situation. Although there were also proposals to close the market, no one dared to make a decision. The New York Stock Exchange was concerned about Wall Street's role as a "weather vane" in the global stock market, so it had to desperately hold on.
The Sydney stock market opened first on the day, and there was no change.
At 10 a.m. Hong Kong time, the Hong Kong stock market opened on time, but the Hang Seng Index fell 120 points in panic due to the impact of New York as soon as it opened, and closed down 235 points at noon, and closed down 420.81 points to close at 3362.39 (more than 10%).
The collapse in Hong Kong led to a general decline in Asia-Pacific stock markets, and the effect spread like dominoes to European markets as they opened in different time zones, and finally circled the globe back to New York: the Dow Jones Industrial Average fell sharply by 508 points (more than 20%).
......
In the office of New Era Real Estate, Lin Zuhui leaned back in his chair, and the TV set opposite him kept broadcasting news about the stock market.
It felt like someone was smashing themselves with a dollar bill.
If it weren't for the fear of bad impact, Lin Zuhui would have opened champagne in the office.
Before getting off work, Chen Bin and Liang Zhenxun came to Lin Zuhui's office together.
Liang Zhenxun said: "Boss, the stock exchange has sent back news and decided to announce that from October 20 to October 23, the stock market and futures market will be suspended for four days in order to clear a large number of outstanding settlements. ”
Lin Zuhui said surgingly: "Nonsense! Opinionated! ”
Liang Zhenxun asked tentatively: "The boss thinks that the suspension of the market for four days will cause greater panic?" ”
In his view, the original intention of the Stock Exchange was to reduce the drag of Wall Street on the Hong Kong stock market.
Lin Zuhui said with a smile: "The Dow Jones in New York fell by more than 20%, and the Hang Seng Index fell by more than 10% today. As everyone knows, people close the door in a closed environment of fear for four days, and once they open the door, they will escape like crazy. Next Monday, the Hang Seng Index is extremely unoptimistic! ”
Chen Bin asked: "This is a big stock market crash, I don't know how big the impact will be on real estate?" ”
Lin Zuhui said: "This does not need to be considered, we have 2.7 billion cash lying in our account (1.2 billion yuan from reducing the shares of subsidiaries and selling real estate), and the company's debt is only 2.5 billion." As long as we are optimistic about the future of Hong Kong, then we are as stable as Mount Tai for both a short-term plunge and a short-term plunge. You have two things to do now:
First, increase the number of real estate construction, the decline is short-term, in recent years, there is still a lot of room for real estate growth, there has been no wind to run out;
Second, stabilize the mood of the company's employees, I know that many employees are trading stocks, I hope you will pay more attention to your colleagues, encourage everyone to cheer up, and do not bring emotions to work. ”
"Okay, boss!" The two hurriedly said.
Even if New Era Real Estate buys back the shares of Chinese Real Estate and Cathay Pacific City, it will cost seven or eight billion yuan at most; Before, it was enough to cash out 1.2 billion, and a profit of 4.5 billion yuan was sold and bought.
Therefore, there are 2 billion to copy the land, old buildings, and land exchange rights and interests, which is obviously enough to be a Weishui old man.
.......
The next day, Lin Zuhui clearly felt that panic and uneasiness were spreading in the air of Xiangjiang.
When he came to the Crocodile Shirt Building, Lin Zuhui couldn't help but stay downstairs and take a look.
The Crocodile Building is divided into phases 1 and 2, with a total area of only 6,000 square feet and a height of only 9 and 10 floors.
Next to it is the Chenda Group Building, which covers an area of only 3,500 square feet.
If Lin Zuhui is not mistaken, this is the headquarters building of the Agricultural Bank of Hong Kong in the previous life, which is about 30 floors; Probably in 2012, it was traded for 5 billion.
"It seems that we will buy the Chenda Group Building, and then merge the three buildings, so that at least a 28-storey Grade A office building can be built, and the property area can reach more than 200,000 square feet."
Unconsciously, Lin Zuhui had another Grade A office building in his hand.
Lin Zuhui had a plan in his heart, so he decided to talk to Chenda Group slowly, he was not in a hurry!
In the morning, Lin Zuhui met with Bren, the boss of Australian Fur Trading, and Roger and Chen Xing of LEIT Group attended the meeting in the conference room.
The two parties have communicated before, and the casual fashion samples of the production department of LEIT Group have been approved by Fritech Trading.
Flair Trading is an importer and exporter who specialises in placing orders from garment factories in Asia and then selling them to Australian apparel retailers, including JEA.
"Welcome to Hong Kong, Mr. Buren!" Lin Zuhui stretched out his right hand and said to a slightly bald white man in his forties.
"Mr. Lin, I often come to Hong Kong, and I am a Hong Kong expert!" Bren said humorously.
Lin Zuhui said with a smile: "Then you must also have real estate in Xiangjiang?" ”
"Of course! I also know that Lin Sheng is a big real estate developer in Xiangjiang! ”
"Haha, Mr. Bren has won the prize!"
After a while of small talk, the two sides got down to business.
Bren said wrongly: "Mr. Lin, our main partner in Xiangjiang, Sunrise Company; I have seen your products and although I am satisfied, we will not place an order for you if the price is not advantageous! ”
The dog said, we Chinese people are really treated as cheap labor, this is to reduce the price to the limit!
However, there is no way to do it, when the Chinese are still working downstream, businessmen in Europe and the United States are already building upstream brands. is like Nike and Adi in the previous life, which were obviously produced in Fujian Province, but they could only earn some hard-earned money and hard-earned money.
Lin Zuhui responded: "We don't want to make processing plant orders, but we plan to cooperate with Fulai Trade in another way!" ”
Bren was stunned for a moment, and asked a little confused: "Another kind of cooperation?" ”
Lin Zuhui nodded and said, "Let's work together to acquire Jeanswest Australia!" ”
Bren was a little shocked, in fact, although he was a trader, his financial strength was not as good as that of the boss of Jeanswest, and naturally he never thought of acquiring Jeanswest. He also figured it out a little, LEIT Group took a fancy to himself as a local Australian, and it was more convenient to bring him in to acquire it.
Soon, the corners of Bren's eyes jumped, and he thought to himself, this is a good thing!
"Yes, I promise this cooperation!" Bren said without hesitation.
He is a native of Australia and doesn't believe LEIT can fool him.
Next, the two sides had a very detailed discussion.
LEIT Group's requirements are: to acquire Jeanswest, the two parties can split fifty-fifty, but only in the Australian and New Zealand markets; As for the global brand use rights (except Australia and New Zealand), it belongs to the LEIT Group.
Buren thinks that he only cares about the Australian and New Zealand markets, after all, he has no strength to develop overseas (he needs to invest a lot of money), so he thinks it is feasible!
The two sides quickly reached a rough agreement, and as for the details, it was only after the Zhenwei side had discussed it before it could be agreed.
Of course, Lin Zuhui handed over the rest to Roger.
After Bren left, Lin Zuhui said to Roger: "While we are talking about the acquisition, we still have to prepare for the casual fashion department, hire first-class international fashion designers, and prepare the store, etc., you don't want to be left behind." ”
The benefits of acquiring Jeanswest Australia are twofold:
First, the history of this brand can be traced back to 1972, and the brand has a certain value;
Second, Jeanswest Australia has independent design capabilities, which can be used for Hong Kong at that time, and the two sides can communicate with each other.
Roger said: "Well, our department is almost staffed, and we are short of first-class fashion designers, and I will recruit them as soon as possible." I will also work on these stores immediately. Strive for it to be available early next year! ”
"Yes, no matter what Genwest's side talks about, our side operates according to our own brand, and in the end, it's just a brand."