Chapter 272: [The Curtain Rises]

Tuesday, April 26.

In the morning, in a conference room at the ACN Center, Lin Zuhui personally put the offer of 'the Cui family holds 43.25% of the shares of Legu Real Estate' into an envelope.

After the sealing, Lin Zuhui handed it over to Gao Yi and advised: "Give it to Cui Zhennan with your own hands!" Once the results are announced, call me! ”

Gao Yi said confidently: "Boss, don't worry, we must be victorious, you just wait for the good news!" ”

Lin Zuhui nodded, he agreed with this point of view.

The companies participating in the bidding of 'Legu Real Estate 43.25% shares' are: Cheung Kong, Xindi, Henderson, New World, New Era, Hang Lung, and six major real estate developers.

But Lin Zuhui is full of confidence!

This month, he has already defeated Li Chaoren once, and this time he will also defeat the five major Chinese-funded real estate companies and take the lead again.

Because his list price is: 415 million!

At this juncture (after the stock market crash, real estate has not yet risen), I am afraid that no real estate company will buy Legu Real Estate with a premium of 2% of 'net assets' (the market value is much lower than net assets), and the premium will be 1% at most, that is, 380 million.

Back in his office, Liang Botao and Liang Zhenxun quickly walked in.

Lin Zuhui's recent acquisitions are many of them, all of which are Liang Botao as a financial adviser, and Liang Zhenxun is a director in charge of finance and securities in the new era.

Liang Botao took the lead in saying: "New Era's stake in Baohua Construction has reached 15%, and we have also found signs of third-party intervention, pushing the market value up by 2% this month, I am afraid that it is because of the rush to raise funds." ”

Lin Zuhui nodded, he had heard about it, and he probably knew who was stirring up the situation.

"It doesn't matter, our strength is not afraid of anyone to disrupt the situation! This evening, I will first make an announcement: New Era Group will issue 10% of the new shares in exchange for 800 million yuan in cash, and then issue my personal announcement on the comprehensive acquisition of New Era Group. ”

The issuance of 10% of new shares naturally requires the approval of the China Securities Regulatory Department, and New Era Group has passed the review.

At this time, the market value of New Era Group is exactly 8 billion, and according to the regulations, it is allowed to issue new shares at a lower price, after all, investors must be earned; However, Lin Zuhui also considered a credibility problem, and it was impossible to issue new shares at a low price.

As for the announcement of the Lin family's announcement of the comprehensive acquisition of the New Era Group, it is a procedure; After all, according to the regulations, if the shares exceed 35%, a full acquisition offer is required.

Liang Botao nodded and said, "How much do you want to increase your share?" ”

Lin Zuhui said: "It's best to 49%, and it doesn't hurt to exceed it!" ”

At this time, he personally held only 34% of the shares of the new era, which is indeed a little low!

Liang Botao said: "Then launch a comprehensive acquisition at a price of 11 yuan, with a premium of 10%, and I believe some shareholders will still sell it to you!" ”

The market capitalization of New Era Group is 8 billion, with a total share capital of 799 million shares and 10.01 yuan per share, and the price of 11 yuan per share is the highest price in the past six months, which is in line with securities regulations.

Of course, this is a fake comprehensive acquisition, and the vast majority of shareholders will not be so stupid to hand over their holdings to Lin Zuhui at this price to complete privatization.

Lin Zuhui's real purpose is to reasonably increase his shareholdings.

"Okay, just do as you say!"

If it is really to complete the privatization at this price, Lin Zuhui will wake up with a smile in his dreams; He is not short of funds, and he still has more than 4 billion cash flow in his hands.

And the net assets of New Era Group are already more than 10 billion!

........

The conference room of Legu Real Estate gathers the high-level executives of the six major real estate developers in Hong Kong.

Cui Zhennan, as the major shareholder of Legu Real Estate, expressed his intention to put the property on the market as early as February, and asked many real estate developers, so he finally decided to decide the ownership of 43.25% of the shares of Legu Real Estate in his hands in the form of bidding at the end of April.

The date was also placed at the end of April to take into account the fact that the undertaking company was facing a full takeover.

The conference room was very large, and after the six major real estate handed over the envelopes, Cui Zhennan took them to his office, leaving everyone in the conference room to wait for the results.

Cheung Kong's Nian Mao saw Gao Yi, his eyelids jumped, last time Cheung Kong lost the right to develop the property on top of Lantian Metro Station, and the boss was unhappy for a long time.

Hang Lung's representative is Ronnie Chan, the eldest son of Chan Tseng-hei, and Ronnie Chan's uncle Ronnie Chan is currently in charge of Hang Lung, and Ronnie Chan is the next successor.

The representatives of the six families did not speak to each other, after all, they were not in the mood.

It wasn't until Cui Zhennan came to the conference room again with joy that the six representatives and their entourage finally stood up at the same time.

"The bidding results are out, congratulations to Chinese Real Estate for obtaining the equity in my hands at a price of 415 million, if you are ready, you can come to review the finances today, and you can sign the contract overnight!"

Gao Yi said with joy on his face: "No problem!" Then he hugged his fists to the other five and said, "Everyone, I have conceded!" ”

Ronnie Chan said in disbelief: "I thought our price of 380 million was high enough, but I didn't expect your company to come out with 415 million, which is incredible." ”

Cui Zhennan coughed and motioned to Ronnie Chan to pay attention to the wording, which was a bit not good.

"Excuse me! Cui Sheng, let's take our leave first! ”

For a while, everyone was disappointed, and only Gao Yi began to dial the phone.

When Lin Zuhui learned that Chinese Real Estate had won Legu Real Estate, his face was not too happy, and it was just four small buildings.

Of course, there are not too many such buildings, and there is still a chance to rebuild a high-quality building with a floor area of 300,000 square feet through merger.

After this acquisition, the rental area of Chinese Estates has reached more than 3 million square feet.

......

At 5 p.m. on the same day, New Era Group held a press conference and announced the issuance of 10% of the new shares in exchange for HK$800 million in cash from Mr. Lin Zuhui, a major shareholder.

As the financial adviser of the Lin family, Liang Botao also announced that the Lin family will privatize the New Era Group at a price of 11 yuan per share, a premium of 10%.

After the two news were released, a group of reporters couldn't sit still.

A reporter asked: "Is it not too sincere for Mr. Lin to fully privatize the New Era Group at a premium of 10%?" ”

Liang Botao said: "We are in accordance with the securities regulations of listed companies and carry out normal operations. The purchase price of 10% premium, whether it is sincere or not, is the opinion of the benevolent and the wise. I believe that for some short-term investors, it is still very tempting. ”

A reporter found fault: "Mr. Lin reduced his holdings before the stock market crash and increased his holdings after the stock market crash, what do you think?" ”

Liang Botao said: "There are announcements, legal and reasonable!" The reason why Lin Sheng chose to subscribe for new shares in the new era this round is also to take into account the company's need for development funds. ”

In fact, Lin Zuhui sold high and bought the shares of New Era Group at a low price, and he made a profit of less than 300 million. He himself was also surprised, because the New Era Group was too resistant to falling, almost ranking behind Wharf, Hongkong Land, HSBC and other high-quality British-funded or former British-funded large groups.

Reporter: "Does that mean that the New Era Group has some problems because of its high debt?" ”

Liang Zhenxun took over the question: "Our New Era Group has always maintained reasonable liabilities without any problems!" ”

.......

Two flowers bloom, one on each table.

After a five-hour audit, the team of Chinese Estates also determined that there was no problem with Legu Real Estate.

Lin Zuhui led Gao Yi to the conference room and prepared to sign a contract with Cui Zhennan.

"Lin Sheng is really courageous, Lin Chaoren's victory over Li Chaoren this month can be called a good story in the Xiangjiang business community!"

The sensation caused by this news is very huge, just like Li Chaoren's victory over Hongkong Land, those property rights above the two subway stations in Central, that was the 'first time' for Chinese real estate to reach into Hongkong Land's lair (the properties above the two stations are very close to Hongkong Land's building).

The property above the Lam Tin MTR station in April was hailed as a part of Cheung Kong's 'four major housing estates' plan, and then this link was seized by the rising star 'New Era Group'.

A person familiar with the matter said that although Li Chaoren not only won the Kwai Chung Container Terminal 7 this month, but also announced that he had won the bid for the Vancouver World Expo site project, he still felt regret and loss for the loss of the property above the Lam Tin MTR station.

Of course, it has to be admitted that the development rights of the properties above the Lam Tin MTR station are much smaller than those of the three major housing estates in Cheung Kong (8,000 units in Laguna City, 10,000 units at the site of the Ap Lei Chau Power Plant, and 15,000 units in Tin Shui Wai).

Cui Zhennan's words are also what Lin Zuhui has heard about being long this month.

Therefore, he still said modestly: "Everyone praised it, it was Li Chaoren's energy that was too distracted, so I picked up a leak!" ”

"Haha, Lin Sheng is really modest, but his behavior is diametrically opposed to you, they all say that you are an enterprising person who 'opens up territory'."

After the two politely exchanged words for a while, the lawyers of both parties also determined the contract issue.

Lin Zuhui still read the contract carefully, and then signed the name in a chic manner, and then sent a huge check.

.......

Following.

The headlines in Hong Kong were basically given to Lin Zuhui again.

"The Lin family fired the first shot of the 'six-month tightening curse'"

"Lin Zuhui intends to privatize the New Era Group, involving 5.5 billion funds"

"Lin Chaoren defeated Li Chaoren again and won Legu Real Estate"

Changshi.

After Li Chaoren saw these headlines, he couldn't help but show his displeasure, outsiders regarded the 'property on the Lantian subway station' as his Waterloo, and he himself did not regret it.

It can be said that Li Chaoren has seen more than 3 billion profits on the Lantian subway station.

"Don't underestimate it!"

"This Lin Zuhui, if he was born a few years earlier, he would really be my great enemy! But now, he can only compete with me on some real estate projects! ”

.....

After reading the newspaper, Lin Zuhui was also a little helpless, these media will always find a selling point and write about their own affairs.

Although he did feel a little complacent about his two victories over Li Superman, he never showed his heart on the outside. After all, if you really behave like that, I'm afraid you have to laugh and be generous.

Li Chaoren's global investment this year is almost tens of billions, and Lin Zuhui can't compare with it at all.

Before the market closed in the morning, Liang Botao and Liang Zhenxun came together again, although Liang Botao has been preparing his own company recently, it is impossible for Lin Zuhui not to do so much business.

Yavin

"There are not many people who come to register to sell the shares of New Era Group, which is not surprising to us! According to this trend, by the end of the full acquisition time, you can increase your stake to about 49%~55%. Liang Botao reported.

Lin Zuhui nodded and said, "Well, we don't need to be distracted by this!" Before the market closes in the afternoon, the Chinese real estate side will also announce the privatization of Legu Real Estate. ”

Liang Botao asked, "How much is the premium?" ”

Because of the suddenness of the incident, it was only confirmed yesterday that 43.25% of Cui Zhennan's shares were acquired, so the price has not yet been determined.

Lin Zuhui said directly: "With a premium of 35%, this time we are fully privatizing Legu Real Estate with sincerity." ”

Liang Botao nodded and said: "This price is almost the net asset value of Legu Real Estate, and it is indeed a goodwill privatization, and I believe it is going very smoothly." ”

After Chinese Estates privatized Legu Real Estate and incorporated four buildings into its own rent collection system, this round of expansion is temporarily over.

Finally, Lin Zuhui asked Liang Zhenxun: "How is the situation of Baohua Construction?" ”

"Market participants already know that someone is buying Borrelli Construction, and it is up 8% at the opening!"

Lin Zuhui had a headache, and if there was no third party involved, he planned to put Baohua Construction to the final acquisition.

But now he had to advance!

"In the evening, New Era Group also announced the acquisition of Baohua Construction, with a premium of 2 achievements, and our target is 34%!"

......

At the close of trading in the afternoon, Chinese Real Estate held a press conference and announced that it would fully acquire the remaining 56.75% shares of Legu Real Estate, at 19 yuan per share (35% premium), involving 430 million yuan.

At 8 o'clock in the evening, New Era Group held a press conference and announced that it would acquire 34% of the shares of Baohua Construction at a price of 5 yuan per share (a premium of 20%), and the current shareholding of New Era Group is 16%.

For a time, the curtain of the acquisition war of Xiangjiang opened, one after another!