Chapter 286: Vancouver

Vancouver.

Beginning in 1984, a wave of immigrants to Canada began, and Vancouver, Canada's gateway to the Asia-Pacific region, received a large number of immigrants, bringing about significant changes in the city's racial structure.

This year, Li Chaoren, together with Lee Shau Kee, Cheng Yutong and Canadian Imperial Bank, won the development project of the former Vancouver Expo site for 500 million Canadian dollars. This project is equivalent to a city within a city, and it is expected that once it opens, it will be very tempting for those who immigrate to Canada.

Lin Zuhui and his entourage arrived at the Constellation Hotel in Vancouver, a four-star executive hotel, and the Constellation Group is the largest executive hotel group in Canada, with more than 900 rooms in four hotels.

The so-called executive hotel is a customer theme hotel developed for the needs of administrative customers, providing a full range of services such as the front desk, guest rooms, conferences, catering, entertainment, and business of star-rated hotels, and has administrative functions for the needs of administrative customers. It can better meet the needs of transportation, aviation, communication and administrative activities such as meetings, exhibitions, business communication and negotiations in the hotel during the travel of administrative customers.

It is not so much that Lin Zuhui came to Vancouver this time to inspect the Constellation Hotel, but that he was to investigate the social environment of Vancouver.

Vancouver, Los Angeles, and San Francisco, all three cities are on the west coastline of North America, not very far away, and Lin Zuhui intends to incorporate these three cities into his family's base.

And the hotel industry in Vancouver is still much better than the hotel industry in the United States.

So after inspecting the four-star Constellation Hotel in Vancouver, Lin Zuhui immediately decided to buy 51% of the company's equity; Constellation Hotels Group is a publicly traded company in Canada, and the majority shareholder currently holds just over 30% of the shares, so once it is purchased, it has to buy the remaining shares from the stock market.

Chinese people buying listed companies in Canada will not be affected in any way, as long as you have money, it is not a problem. After the outbreak of the Sino-British negotiation crisis, Zhan Peizhong moved to Canada and bought five Canadian listed companies in one go, and later found that Canadian listed companies were not easy to operate (manipulate) at all, so he later had to go to Hong Kong to do his listed 'shell' business.

Two days later, Lin Zuhui and the major shareholder of Constellation Group signed an equity transaction agreement, and Cathay Pacific City officially took over the hotel group; The management team has been waiting in Vancouver for a long time, so the transition will be very smooth.

After the agreement was signed, Lam held a meeting with the management of Cathay Pacific City Hotel in the conference room.

Lin Zuhui said: "Everyone knows that after I acquire a listed company, I will never continue according to the previous operation, that is not my style." I have an indicator called 'acquisition digestion' until 'earnings expansion' is the real success of an acquisition. Therefore, for the rectification of the Constellation Group in the future, you will give us a plan as soon as possible! ”

Cowbert hurriedly reported, he has been in contact with this hotel for almost two months, and already has some plans.

"The performance of the Constellation Hotel in recent years has been quite good, but there are also many things that can be rectified. Let's say which 3-star hotel in Ottawa needs to be renovated...... In addition, we can also combine the company's hotel management network with the Constellation Hotel..."

Lin Zuhui nodded and added: "Also, in just a few years, the number of Chinese immigrants to Canada has increased, and we also need to strengthen the investment in hotels. You can invest in several more hotels through the listed company, Constellation Hotel. Of course, it is not a rebuilding from scratch, but an expansion through acquisition, redecoration, and integration into the Constellation Group! ”

In fact, for the hotel industry, Lin Zuhui's final plan is:

New Era Group privatized Cathay Pacific City (100%) and changed its name to New Era Hospitality.

Subsequently, the overseas acquired hotel interests and hotel management network were packaged together for overseas listing. New Era Hotels only needs to control more than 35% of its shares, while the overseas-listed hotel group will strive to develop into a world-class hotel group.

The New Era Hotel Division will also directly invest in hotel interests, such as investment in Peninsula Hotels (100% equity, managed by Grand Hotels), investment in Hilton interests (entrusted to Hilton management), and investment in self-built hotel brands.

Of course, no matter how many plans you have, you can only do it step by step!

The first two acquisitions in North America are expected to increase Cathay Pacific City's debt from $700 million to $1.25 billion. Among them, the Constellation Hotel is expected to cost 350 million, while the company is expected to spend only 200 million because of the asset split.

The debt of 1.25 billion is still not worth mentioning compared to the debt of 2 billion at the peak. What's more, New Era Group now directly controls 60% of the equity of Cathay Pacific City, which strengthens its control and can better support the hotel department.

.......

On Sunday, the last day of the trip to North America, Lin Zuhui planned to accompany his two daughters to have a good walk in Vancouver. Two days ago, a tour guide was also arranged, and the two beauties had a good time in Vancouver for two days.

However, in the words of the two women, without Lin Zuhui accompaniment, they felt that some people here were unfamiliar and not very adaptable.

Vancouver is a city surrounded by mountains on three sides and the sea on one side, and you can't go to many places in a day, so you can take two girls to get familiar with this side by shopping.

This is a big city, with a small population, and there are not many pedestrians on the road, and everyone doesn't seem to be busy, looking slow.

"Brother Hui, I found that I suddenly liked the environment here!" Wang Zuxian took Lin Zuhui's arm and said with a yearning expression.

After the incident on the beach in Los Angeles, the two girls no longer dared to hold his arm at the same time, so as not to get into trouble when they went out.

Lin Zuhui said with a smile: "You just want to move now, and I don't feel at ease!" I will give you 5 years of adaptation, during which you mainly live in Xiangjiang and spend a certain amount of time traveling and working every year. Five years later, you'll tell me the answer! ”

At least two babies have to be brought over, so that Lin Zuhui can rest assured that he will put the delicate beautiful girl here. However, Wang Zuxian has a relatively quiet personality and will not betray Lin Zuhui.

"Work?"

"Well, I will invest in some North American industries in your name in the future, don't worry, I won't treat you badly!"

When the wealth reaches a certain level, Lin Zuhui plans to properly disperse the wealth, and these women who gave birth to children for him are the best agents.

Once a woman gives birth to a child, her own capital will seriously decline, so they can only continue to rely on Lin Zuhui.

The two women suddenly felt happy in their hearts, this man was generous, presumably the industries in his mouth were worth hundreds of millions, and it was not in vain that he followed him without a name or a point.

......

On Monday, Lin Zuhui and his entourage took a flight from Vancouver and began to return to Xiangjiang.

The schedule of this trip is a total of 11 and a half days, and Lin Zuhui has already begun to miss everything about Xiangjiang. Of course, he doesn't have enough property in North America, and he hasn't arranged for women to establish a base, nor does he have a luxury villa that belongs to him, so his sense of belonging is really a little worse.

The plane crossed the clouds, and Lin Zuhui said silently in his heart: "Work hard to make money and strive to become a world-class wealthy family as soon as possible!" ”

......

Wednesday.

Lin Zuhui came to the office of the News Building and made an appointment for Liang Botao to meet to discuss the acquisition of Yulang Group.

At 9 o'clock in the morning, Liang Botao, Long Jingchang, and Zhao Han came to Lin Zuhui's office.

Liang Botao first reported to Lin Zuhui on the acquisition war: during the period when Lin Zuhui left Xiangjiang, Wanhui Media and Huang Yulang had raised the share price of Yulang Group to 8.6 yuan per share after two rounds of quotations.

Wanhui Media currently holds 31% of ordinary shares and has a 30% subscription interest, consuming a total of 200 million Hong Kong dollars.

Huang Yulang, on his side, holds 40% of the ordinary shares and also has a 30% subscription interest.

Liang Botao said: "Originally, Standard Chartered Bank and Zhan Jin Finance were forcing Huang Yulang to repay his debts, and Huang Yulang's interest plus principal needed 130 million. However, his old friend Qian Guozhong did not give up on him, and united with Lin Jianyue to lend money to Huang Yulang and redeemed the shares! ”

When Lin Zuhui heard this, he was a little surprised, why did Lin Jianyue meddle in.

"So in that case, 40% of the shares in Huang Yulang's hands are in his own hands?"

Liang Botao said with a smile: "Qian Guozhong and Lin Jianyue are not stupid, they mortgaged the redeemed shares in the hands of the two of them. ”

Lin Zuhui was stunned, these two people also have thoughts about Yulang Group?

"What else did he do?"

Liang Botao said: "It's a bit strange that I heard that Huang Yulang has recently sold Yulang Center and Cheng Pao, as if it is to reduce the debt of Yulang Group!" ”

Lin Zuhui suddenly breathed a sigh of relief, this Huang Yulang still took the old way!

"No, what kind of debt will you pay at this time! I think he is in a hurry, and plans to make fake accounts to get the company's money, and then use it to reverse the takeover himself! You keep an eye on it, as long as you feel that Huang Yulang's hands are relaxed, when you have confidence in the acquisition war, you will immediately report it to the Independent Commission Against Corruption. At that point, we'll be able to win right away! ”

The three of them were taken aback, which no one could have imagined, because of this kind of thing, the chairman of the board of directors of a listed company really dared to defy the law?

After a long time, Long Jingchang took the lead and said: "It's normal to think about it, Huang Yulang boldly took all the money raised by the rights issue to speculate in stocks before the stock market crash, what else dare not do!" ”

Liang Botao also said: "Indeed! He is now at the end of his rope, the shares in the market are all high-priced stocks, and he has no money, and he can only fail if he continues to fight! If we hadn't completed the acquisition at the lowest possible price, there would have been nothing for him! ”

Lin Zuhui nodded, although he took a fancy to Yulang Group, he had no intention of privatizing! Once the price is speculated too high, more than 35% of the shares will have to be fully acquired, and then shareholders will respond, and Huang Yulang will take advantage of the high cash out, which is not a cost-effective acquisition.

The current price is only 8.2 yuan, which has not actually reached the net value of Yulang Group!

Next, everyone has formulated a strategy, which is still to slowly absorb individual stocks in the market, and is not in a hurry to make a final decision!