Chapter 311 [Return to the situation before the Eighty-Seven Stock Market Crash]
Wednesday, November 16th.
In the office of Hengjin Investment, Lin Zuhui stands in front of the window and enjoys the scenery of Victoria Harbour.
After a while, Li Hao quickly came to Lin Zuhui's office and said, "Boss, the USD/JPY has fallen below 122 points, do you need to buy!" ”
Lin Zuhui turned his head and said with a fixed face: "I want to buy, but I don't need to be in such a hurry!" ”
"What the boss said is, I'm a little out of breath!" Li Hao lowered his head and said.
He is a part-time worker, and his mentality is so anxious; And the boss is investing his own money, but he has a breezy expression, which can't help but be admired!
Lin Zuhui waved his hand and motioned for him to sit down, and then Lin Zuhui also sat on the sofa.
"All the funds are ready, right?"
"Well, the 450 million funds you gave are all in place, and you can buy them at any time!"
Lin Zuhui still has 1.2 billion left in the last loan, and this time he took out 450 million yuan for additional investment in foreign exchange, and the remaining 750 million yuan was used to raise funds through a rights issue to the New Era Group.
"You now need to buy below 123 points, close the previous 'short investment' below 122 points, and then buy again! In this way, we are equivalent to buying 10.5 billion USD/JPY (1.05 billion margin) below 123 points. ”
"Okay, I got it!"
The boss has framed the buy and close points, so he doesn't need to worry about it!
Lin Zuhui nodded and said, "Also, don't worry, remember to buy and close the position in a dispersed manner!" Even if we miss the opportunity, we will not lose, so why worry! ”
"Hmm!"
Li Hao has to admit that the boss's mentality is really good!
After chatting for a while, Lin Zuhui let Li Hao go, and his mentality stabilized.
Lin Zuhui shook his head, Li Hao's growth is limited, and after the success of the Lin family office in the future, he can only serve as an investment manager. And for an investment manager like him, there may be more than 20 family offices.
.......
That day.
New Era Group announced a rights issue of 10% of the new shares, raising a total of 1.5 billion yuan (the current market value is 15.2 billion yuan).
At the same time, New Era Group particularly emphasized that the majority shareholder, Mr. Lin Zuhui, will raise funds (49.5%) in full rights issue to show confidence in the company.
For a while, all real estate developers have turned their eyes sideways!
At present, the Hang Seng Index is heating up slightly, but it is only 2600 points, and the market is not good;
And the New Era Group has raised so much (market capitalization), it is obviously time to test its company's credibility!
If New Era Group succeeds in raising funds through the rights issue, it has raised a huge amount of 2.73 billion in cash this month.
Although the New Era Group claims that the funds raised are mainly used to reduce debt and develop real estate, some real estate developers are still keenly aware of Lin Zuhui's intentions, that is, to compete for the 'land king' that may be auctioned.
......
Jardine in the conference room.
Lin Zuhui, Keswick, Zheng Yutong, Little Dog Heilang and others are signing contracts.
In this bidding for the Tate-Laoshan Tunnel, a consortium composed of Gammon Construction, Xisong Group (Japanese-funded), New World, and New Era built the tunnel at a price of 2 billion yuan and obtained a 30-year franchise.
At the beginning, Lin Zuhui planned to obtain at least 20% of the equity, but after some deduction, it was found that the income of this project would be much lower than expected; He decisively chose to make soy sauce and let New Era Group take 10% of the shares, focusing on participation and learning from the experience of infrastructure construction.
On the contrary, Zheng Yutong has a different opinion, let New World take 25% of the shares!
In fact, most of the funds for this project are completed through loans, and the start-up funds invested by the four companies will also be prioritized back in the future. It's impossible to lose money, you just can't make much!
After signing the contract, Simon Keswick sighed and said: "Lin Sheng, I admire you very much, you are bold and have the right time!" ”
Lin Zuhui won three major projects from Hongkong Land, and each time he bought them at a premium, but they soon rose to parity, and later made a profit, so Ximen has this saying.
Of course, Simon doesn't feel that there is anything to regret, and it is the family's strategy to sell off Hongkong Land's assets. After all, they don't dare to bet! If the value of the property appreciates again, Hongkong Land will sell the property!
Lin Zuhui said with a smile: "It's just luck!" Doing business in Xiangjiang requires a lot of luck, and the '73' and '82' stock market crashes have caused I don't know how many people have fallen. So, Mr. Simon, I am trembling every day! ”
Everyone laughed!
Simon continued: "This time, the New Era Group has obtained a large amount of cash and is already in an invincible position. ”
Lin Zuhui smiled and nodded, many outsiders speculated this time that Lin Zuhui was preparing to reduce debts again, could it be that he noticed something!
Of course, this does not affect the thinking of the vast majority of people, and everyone should do what they should do.
The former opponents, Ximen and Zheng Yutong, also walked together again for the sake of interests at this time, and the two also talked and laughed, and they didn't seem to be unpleasant at the beginning. The business world is like this, when Bao Yugang and the Keswick family had such a big quarrel, and after the Battle of Wharf, the two families partnered to invest in real estate projects.
At this time, Lin Zuhui was a little worried that Simon Keswick took the initiative to sell the building and shopping mall to himself, so it was not cost-effective for him to refuse, and it was not cost-effective not to refuse.
After all, he knew that the real estate was going to fall by 30%~-35%, how could he buy it at this time; Moreover, he has no money to buy it.
Walking out of the Jardine Building, Zheng Yutong asked curiously: "This time, you took the initiative to lead the consortium bidding, why are you a little unhappy when it comes to dividing the shares?" ”
Lin Zuhui said with a smile: "Uncle Tong, I am now reducing my debts, and how slow the payment is for the Da Laoshan Tunnel Project, what do you think I want to do with such shares!" To put it bluntly, New Era Group's participation in this project is nothing more than accumulating some experience in infrastructure! Seriously, if the mainland is opened up, the infrastructure there will be promising! ”
Although the investment in infrastructure is large and the return on investment is slow, there are bank loans for funds, what are you afraid of!
To put it bluntly, it is to invest a little start-up capital, and then rely on bank loans.
Zheng Yutong nodded, approved Lin Zuhui's idea, and said: "I didn't expect you to be so optimistic about investment in the mainland?" ”
"Chinese people, the motherland will get better sooner or later!"
Although he said this, Lin Zuhui actually did not have much enthusiasm for investment in the mainland, and he focused entirely on participation.
The rate of return on projects in the mainland is very low, that's for sure!
In his previous life, Li Ka-shing made very little money in the mainland, mainly in Hong Kong and overseas.
Take an actual example to illustrate: Li Ka-shing took 4 billion to buy land in the magic capital, and 12 years later, sold 20 billion. After adding the construction costs, he actually earned 12 billion. Counting inflation, it's actually a blind toss.
"Or you are more powerful, you will do the project at the feet of the Son of Heaven, your Lijing Garden is amazing, land number 00001!"
"Haha, I admit it, I did a great thing!"
.......
A new week begins.
After the successful completion of the rights issue of New Era Group, Chinese Estates then announced the rights issue of 10% of the new shares, raising a total of 1 billion yuan (the current market value is 10.35 billion yuan).
For a while, market participants have been looking sideways!
Some people began to discuss why Lin Zuhui suddenly raised funds on a large scale, whether he was optimistic about the market or felt that the market was at risk of falling.
It's very simple to be optimistic about the market, that is, to get land, so it takes a lot of money;
If you are not optimistic about the market, you will reduce your debt, so that you can survive the crash.
Just when everyone was speculating, the Hong Kong government officially announced that the auction of "Wan Chai Diwang" would be held on January 3, 1989, and interested companies could participate in the registration within 40 days.
Only then did everyone react, Lin Zuhui was prepared in advance, and guessed that there was a 'land king' auction.
Wan Chai Diwang is located on the south side of the Convention and Exhibition Centre, separated by Harbour Road and has an important area of 77,800 square feet. Due to the emptying on three sides, the floor area ratio can be magnified up to 18 times.
In other words, this land can build 1.4 million square feet of commercial buildings!
......
ACN Center.
After Lin Zuhui learned about the 'plot ratio' (the Hong Kong government had informed him before the auction), he immediately became excited, that is, he planned to build a skyscraper on this land.
For example, if he expects to build 80 floors (estimated), the tower will be the tallest skyscraper in Asia and one of the top 10 most famous buildings in the world.
The building occupies only 17,500 square feet (undecided), and the excess land naturally forms a plaza, which is extremely beautiful.
He soon began to budget the cost again, assuming that the land auction was won at a sky-high price of 3.5 billion, and the construction costs and miscellaneous expenses would be about 1.7 billion, then the entire project would need to invest 5.2 billion.
It's not expensive, such a building will be worth 40 billion yuan in another 20 years, which is equivalent to two-thirds of the market value of all Wanda Plazas in the mainland in the previous life.
This is not counting the rent generated during the period, and it may also look like 30 billion!
The value of a building is greater than all the Wanda Plazas in the mainland in the previous life.
However, with a total investment of more than 5 billion yuan, New Era Group and Chinese Real Estate have joined forces, which is also very difficult;
The funds are there, but we have to consider that the Hong Kong government still has 'land kings' or high-quality land to put up for auction.
At that time, the strength of the two companies will be greatly reduced!
Therefore, Lin Zuhui plans: in the name of the Lin family, he will participate in 30% of the shares, and the new era and Huazhi will each be 30% and a half!
Small kiosk
However, at this time, he had no money, and he was in debt of 2 billion, and he also mortgaged part of the interests of Diligent Pavilion and Furama Hotel.
At this time, He Zeng knew each other, and before the 87 stock market crash, he also operated in the same way.
However, at this time, although he personally borrowed 2 billion, even if the real estate and stocks plummeted immediately, he would not be greatly injured, and he could only be said to have hurt a little bit!
However, he has already mortgaged all the fixed assets, and then only the stocks can be pledged!
This time to participate in the 'Wan Chai Land King', Lin Zuhui personally needs to contribute 1.1 billion yuan (30% equity, only land fees), and Lin Zuhui intends to pledge the shares of Wanhui Media and LEIT Group.
Lin Zuhui suddenly had a headache, according to this trend, when will he be able to achieve 'financial freedom', and when will he be able to catch up with Li Ka-shing.
He finally realized that the old family was powerful!
It can be said that real estate companies like New World, Henderson, and Sun Hung Kai may be able to raise 5 billion immediately if they want to borrow.
Of course, they still don't dare to do this to Lin Zuhui, for them, they are often wary of stock market crashes and real estate crashes like 67, 73, and 82. How many peers fell back then, they fought their way out of the encirclement, how dare they make a lone bet!
At this time.
Lin Zuhui suddenly felt that the more he felt the power of the old family, the more he should move forward bravely.