Monday, May 30.

In the conference room of the New Era Group, more than 20 high-level executives gathered together and looked at the young people sitting at the head with admiration. New Era Group can have today, it can be said that seventy percent of the credit is his, and the remaining thirty percent is everyone's conscientious work.

Lin Zuhui also observed the high-level people, and he was still very satisfied, in the early stage of development, what he needed was a group of generals who could win battles, and he was the commander.

At this time, the organizational structure of the new era took shape:

Real Estate/Construction, Real Estate/Finance, Hotels, Infrastructure, Telecommunications, and General are six departments in total.

Among them, real estate/construction, real estate/finance, and hotels, three departments are the core departments;

Among them, the two departments of infrastructure and telecommunications have just been established and are ready to participate in investment;

Among them, the comprehensive department has developed retail (convenience store brand) and Heung Kong Industrial (holding 15% of the shares), and the shares of other companies are all under the comprehensive department.

There are seven core executives in management:

Four carriages of real estate/construction: Chen Bin, Liang Zhenxun, Chen Xiaofen, Wang Fu (construction leader)

The core duo of the hotel: Corbert (British) and Li Mingtao

Real Estate/Finance: Gao Yi

Comprehensive department: Lu Donglai

The other 21 high-level executives, compared to the core high-level, are still half a level lower!

As for the senior staff, the New Era Group has exceeded 100 people and reached 120 people!

Lin Zuhui said: "In the first four months, our real estate sales were not ideal, in addition to the general environment, we reasonably avoided the real estate slump. Since the beginning of this month, the real estate has begun to rise in waves, what kind of achievements can your real estate development department come up with later? ”

"We expect to sell 3 million square feet of floor area this year, and we sold a total of 500,000 square feet in the first four months," Chen said. Starting this month, we have increased the number of properties on offer! ”

The sales of 3 million square feet of floor area are almost a little more than the amount of Henderson in 1986; In the past two years, with the rise of the New Era Group, the output of large real estate developers such as Sun Hung Kai, Henderson, and Hang Lung is definitely less than in previous lives, and of course, the biggest impact is still those small and medium-sized real estate developers.

Lin Zuhui asked, "This year, it should be able to exceed the supply area of the new world, right?" ”

Chen Bin immediately said: "More than a lot! ”

Now some people say that Sun Hung Kai, Henderson, and New Era all belong to building factories, Cheung Kong is the king of large housing estates, and New World is somewhat declining. After all, New World's energy is focused on the New World Center, the Convention and Exhibition Center, and it also focuses on containers, terminals, etc.

The current market value of New World is only more than 14 billion, and Henderson is only 13.5 billion;

New Era Group has caught up and reached 10 billion!

You must know that before the stock market crash, the market value of the new era was 11 billion, and the market value of the new world was 21 billion!

Lin Zuhui asked Chen Xiaofen: "Is there any pressure on sales?" ”

Where will Chen Xiaofen have a second answer: "No!" ”

This year's real estate/construction business in the new era, the profit of breaking through one billion is stable, but I don't know if it can reach more than 1.2 billion!

Next, there is the report on home purchase/finance.

Gao Yi said: "The focus of Chinese Estates' investment this year is: Entertainment Building, Garland Center (redevelopment of the old building on Enping Road), which can increase the rental area of the company by 800,000 yuan after the completion of the 90s.....

After the acquisition of Legu Real Estate, the rental area of Chinese Estates has reached 3.1 million square feet, becoming the second largest company after Wharf, Hongkong Land and Swire Properties (rent-collecting companies); And Wharf, Hongkong Land, and Swire are all old British-funded companies, and it is normal to compare. The current market value of Chinese Real Estate is 6.5 billion, which is far lower than the net asset value!

Lin Zuhui nodded and said: "The financial affairs of Chinese Real Estate should be more transparent, and more recommended to investors, and it will be beneficial for us to issue convertible bonds later!" ”

If there is no debt, no financing, and no rights issue, the development of Chinese real estate will be greatly restricted. Many follow-up big plans and big investments can't participate at all, which Lin Zuhui doesn't want to see.

Gao Yi nodded, this is the style of the whole system of the New Era Group, attaching importance to the promotion of investors and attracting investors to participate in financing activities such as rights issues and convertible bonds.

Next.

It was the company's hotel business report, so the senior management couldn't help but concentrate, and they all knew that the company's hotel business was preparing for a global layout.

Colbert is a British national who does not know Chinese, and such meetings can only be reported to his deputy, Li Mingtao. However, at the Cathay City Hotel Management conference, it was an all-English meeting, because Cathay City Hotel Management is positioned to develop global hotels, and one-third of the top management is foreigners.

Li Mingtao said: "This time, we have joined hands with Hengjin Investment to investigate the hotel project in the Americas, and there are currently two suitable projects: one is the Canadian Constellation Hotel Group, which focuses on hotel management...... One is Aircoa, the largest independent hotel management network in the United States...... After initial contact, the other major shareholders are interested in selling 51% of the shares...... The two projects will require about HK$800 million in funding. ”

800 million Hong Kong dollars, for Cathay Pacific City Hotel Management, is not too big a problem; Of course, it needs to be done all through a loan.

Cathay Pacific City currently controls five parts of assets: 34.8% equity of Grand Hotel, 51% equity of Furama Hotel, rental properties worth more than 400 million yuan, Hilton Manila Hotel (the actual payment of 3 million US dollars was completed for the acquisition, and the rest of the funds are loans and passed on to the hotel debt), 150 million cash (10% of the new shares issued and dividends of Furama Hotel)

Its liabilities are 700 million, total assets are 3.6 billion, and the net asset value is 2.9 billion!

Lin Zuhui said: "I will go to the United States and Canada this month to confirm these two investment projects!" Until then, I will solve the financial problem by borrowing from the bank. ”

As old employees of the group, they all know that the boss will always borrow money to develop the company at the best time; Then, before the crisis, or after a while, they will find ways to reduce their debt.

In the final analysis, the boss's grasp of the timing is completely genius-level!

Next, Lin Zuhui named another person - Zheng Xuebin, general manager of Fuli International, a subsidiary of Chinese Real Estate.

Zheng Xuebin can only be regarded as a high-level, and the high-level are a bit backward!

"Los Angeles office and commercial center project, give you a brief!"

This project is still being planned, and it will be finalized until Lin Zuhui takes people to the local area to complete the investigation.

Zheng Xuebin has been on business in the United States for a long time, and this time he rushed back to participate in the group meeting! Therefore, he plans to perform well in front of the group's top management.

"Boss, colleagues. Located in the downtown area of Los Angeles in southern California, the Futura International Investment Project covers an area of 32,000 square meters and a planned total construction area of 390,000 square meters, covering five-star hotels, high-end apartments, shopping malls and office buildings...... The overall building is two, one is a pure office building, the other is a five-star hotel, a high-end dance, and a shopping center complex building..... The project is expected to invest US$120 million, with 30% self-financing and 70% loans. ”

The cost of the same project, developed in Los Angeles, USA, is much lower than that of Xiangjiang. The most expensive thing in Xiangjiang is the land price, while in Los Angeles the cheapest is the land price, and the most expensive is the labor.

Futura International will continue to invest in commercial real estate projects in the United States in the future, and doing commercial real estate in the United States is certainly far less profitable than Xiangjiang, but it is very stable.

Moreover, Futura International is a listed company, and it is also positioned in the field of investment property in the United States, so it is impossible to explain how to expand its scale.

Lin added: "This project is also a pressure for Vality International to invest in the initial stage! However, if the funds are raised through a rights issue, the pressure is not there. Coupled with the fact that Vality International's own asset value is in good shape, I am very optimistic about this project! ”

Chinese Estates only accounts for 34.9% of the shares of Fuli International, which means that the investment is low, so there is no pressure on this project for the new era.

Everyone agreed, they knew that the boss's current intention was to expand the industry overseas, especially the hotel business.

Lin Zuhui nodded, the project was decided, and after he finished his inspection, he officially participated in the bidding.

In fact, Lin Zuhui also has an ambition in his heart, that is, to build Futura International into a 'Wanda Group', and then refer to the largest commercial real estate company in the United States, Simon Group; In the future, there will be at least 10 commercial complexes or regional shopping centers in the United States.

Of course, anyway, he doesn't need to personally contribute much money, just use the stock market and loans, and develop according to the Wanda model + Simon Group model; Large-scale expansion + multi-format management + smart brand management and other management forms, the so-called large-scale expansion, is naturally the use of financing channels.

........

........

On May 31, 1988 (Tuesday), Peregrine Investment Bank, chaired by Liang Botao, proposed a general acquisition of Yulang Group on behalf of Wanhui Media at a price of 0.6 yuan per share (a premium of 20%), and Wanhui Media currently holds 15% of the shares of Yulang Group.

Yulang Group currently has a market capitalization of 500 million (total share capital of 1 billion shares), a decrease of 50% from its peak market capitalization.

For a while, market participants have been looking sideways!

Wanhui Media and Yulang Group are definitely enemies, Huang Yulang has repeatedly spoken to provoke Wanhui Media, and is even suspected of asking the community to cut off Ma Rongcheng, the master painter of Wanhui Media.

The two companies are still competitors, Wanhui Media bought "Tiantian Daily", and Yulang Group bought "Cheng Pao"; Wanhui Media does gossip magazines, youth magazines, and economic daily newspapers, and Yulang Group does not fall behind, all of them participate; Wanhui Media bought the building as its headquarters, and Yulang Group also bought the building as its headquarters.

In short, the relationship between the two families is known to be bad.

Now that Yulang Group is in trouble, Wanhui Media has made a decisive attack, which is also expected by some people.

......

In Wanhui Media's office, Lin Zuhui met with Liang Botao, chairman of Peregrine Investment Bank.

Peregrine was established in May, raising 350 million yuan, with Liang Botao and Du Huilian accounting for 35% of the shares, and the remaining 65% of the shares are supported by the 18th Road Chaebol. Liang Botao is the chairman of the board of directors, mainly responsible for financing, acquisitions, mergers and acquisitions in the primary market. Du Huilian is the general manager, mainly responsible for securities trading in the secondary market.

The acquisition of Yulang Group is Peregrine's first business.

Lin Zuhui smiled and quipped: "You and Huang Yulang are both Chao people, but this time they are facing each other!" ”

Liang Botao said generously: "There is no father and son in the shopping mall, and the friendship of fellow villagers will naturally be as thin as a piece of paper in the face of commercial interests. What's more, I don't have anything to do with Huang Yulang, he doesn't know how to do things harmoniously, and he has offended too many people. ”

There is a good reason for that!

Sooner or later, there will be competition between New Era Group, New World and Henderson, and they will not be soft-hearted! is like the two business wars between Li Ka-shing and Lee Shau Kee in the previous life - the Ma'anshan sales war, the Miramar hotel war, and the Hengchang Hong battle between Li Ka-shing and Zheng Yutong.

Competition is inevitable, everyone is the head of the company, and the company is a company of shareholders, everyone represents the interests of shareholders, and there is no reason to retreat for personal feelings.

Of course, private feelings are still not too bad, as long as they are not particularly dirty means!

Liang Botao added: "According to our investigation, Huang Yulang still has 36.5% of the underlying shares in his hands, but some of them are pledged in Standard Chartered Bank and Zhan Jinbao Finance Company, and there are 3% warrants. ”

Lin Zuhui's eyes lit up, and he said: "Can you convince Standard Chartered Bank to collect debts?" ”

Liang Botao said: "Yes! But Huang Yulang has the priority to redeem the shares, as long as he can borrow money, it is not a problem! ”

Lin Zuhui smiled, and then said: "My purpose is to let him raise money, redeem the stock and ask for money, and I also need money to grab money in the market." Where does the money come from, he has so few friends, and in the end he will mess with himself! ”

What I want is for Huang Yulang to be in a hurry and make mistakes!

Otherwise, with 36.5% of the underlying stock and 3% of the warrants, it is really a bit difficult for him!

After all, if the price is too high, Lin Zuhui feels that it is not cost-effective! Although the comics of the Yulang Group are very valuable, they also need to be explored, especially to expand the overseas market.

"Well, I'll grab the chips in the market as soon as possible!"

"Good! He doesn't have a lot of money, and we pull up the stock and he can't buy a few shares! ”

The stock price in the market is generally lower than the purchase price; But if the acquirer also joins in the market to grab chips, the price will soon go up, because the action is much larger than the ordinary transaction.

.......

Tokyo.

In a geisha house, several geisha are performing songs and dances, and Huang Yulang and Japanese publishers are enjoying the taste.

At this time, Huang Yulang forgot about the financial troubles of the Yulang Group and himself, and in his opinion, as long as the comics of the Yulang Group were broken overseas, he could make a lot of money. At that time, the so-called financial crisis will be alleviated in a year or two.

At this time, his assistant suddenly hurried to his side and whispered a few words.

Suddenly, Huang Yulang's face changed greatly, as if he was facing a great enemy.

At this time, he was still in the mood to enjoy the geisha performance, and what was the mood to negotiate with the publisher, so he hurriedly explained to the publisher of the daily newspaper, and then handed over the matter to a senior executive, and prepared to fly back to Hong Kong immediately.

Along the way, Huang Yulang's face was as gray as death, if it was anyone else, he was not so afraid;

But Lin Zuhui's acquisition seems to have never missed, which makes him afraid.

And according to news from Hong Kong, Lin Zuhui already has 15% of the Yulang Group shares in his hands, which shows that others have been planning for a long time.

"I'm not going to fail!"

"Lin Zuhui, you don't want to occupy my industry!"

"Yulang Group is all my people, do you think you can sit back and relax after you buy it, I raise my arms and shout, all of them will follow me!"

At this time, Huang Yulang shouted in his heart!

The chief writers of the Yulang Group, many of whom are his apprentices and friends, firmly believe that even if he loses the company, he will start a new one.

Of course, he also firmly believes that he will not lose!

After all, he holds more than 20% more shares than Wanhui Media, occupying the active advantage!