In the conference room of Heung Kong Enterprise, Lin Zuhui witnessed the business activities of New World Development and Heung Kong Industrial for share exchange, because he is also a director of Heung Kong Enterprise; Moreover, New Era Group holds a 15% stake in Heung Kong Xingye, so he also participated in the previous discussion board of directors.

He is naturally supportive of New World Development's stake in Heung Kong Development, although this move will dilute New Era Group's stake in Heung Kong Development to 12.6%.

The father and son of Zha Jimin and Cha Maosheng are also very welcome to the new era group and the development of New World are optimistic about Heung Kong Xingye; After all, this is a share exchange, not a cash shareholding, and the stock price of Heung Kong Industrial has also risen because of the shares of the New Era Group held by Xiangjiang Xingye.

Today's New Era Group has surpassed New World Development in terms of market value, and even its annual net profit has surpassed that of New World Development, ranking fourth among Heung Kong Real Estate Company.

New World Development attaches great importance to rent-collecting properties, especially hotel properties (a total of 4 five-star hotels in New World Center and Convention and Exhibition Center), which are not famous in Hong Kong; Because of this, in another two or three years, even Hang Lung's earnings will not be able to outperform.

After the contract was signed, everyone chatted happily.

Zheng Jiachun said modestly: "Zu Hui still has a high vision, and he has long guessed that the new airport will come out in the next two years, so he joined Xiangjiang Industrial in advance." When we joined HKRI at this time, we are obviously a big step behind! ”

At this time, the new airport has been circulated among the citizens, so Zheng Yutong has this saying.

Cha Maosheng said with a smile: "Don't lag behind, this is a share exchange, everyone's company is improving, all have infinite potential, and no time to cooperate is not lagging behind!" ”

Zha Jia is naturally very happy to hold the shares of New Era Group and New World Development at the same time and join the board of directors. No matter how promising Discovery Bay is, it is just a large-scale housing estate project, and these two companies are well-rounded giant real estate companies.

Moreover, the good relationship between the Cha family and the Lin family and the Zheng family is also conducive to doing something in real estate!

Cheng Kar-chun had a smile on his face, perhaps he felt a little embarrassed that he had joined HKRI behind behind, and that there was already a public opinion on the new airport in the market, and he felt a little bit like he had seen the benefits.

The three 'young people' are very topical, and at this time, Zha Jimin also handed over the company of HKRI to his son to take care of; of course, whether it is Zheng Yutong or Zha Jimin, they are all watching their son behind their backs.

During the small talk, Cheng Kar-shun said: "We are planning to redevelop and develop the property in Mei Dao in the Mid-Levels recently! ”

Lin Zuhui's mind immediately appeared with a map of the local area, and he asked curiously, "Do you have any property there?" ”

Zheng Kar-chun did not hide it, and said: "I am ready to fully acquire the equity of Jili Industrial, and I have almost talked about it, and it will cost almost 750 million!" However, I have calculated that if the old property of Keli Industrial in Mae Road in Mid-Levels is demolished, the mansion can be rebuilt with 520,000 square feet, which is comparable to the eight percent of Terry Root Court 1 and 2. After speaking, he inadvertently showed a trace of pride!

Good guy, the relationship is competing and competing with Lin Zuhui!

Cha Maosheng, who was on the side, has focused on real estate developers in recent years, and immediately exclaimed: "The cost is so expensive? ”

Cheng Kar-Shun saw that the directors had spoken, and explained: "We have calculated that the land price per square foot is HK$1,438, plus interest and construction fees, and the cost is estimated to be HK$2,300 per square foot of floor area. Although there is only a small profit at the moment (the location is far from being as good as Diligende), the property in this place will be launched in 1992, and the profit will be very good at that time. Zu Hui, you said yes, right? ”

It is Cheng Kar-shun's idea not to let Cha Maosheng, a director, have no confidence in the new world.

Lin Zuhui nodded without hesitation and said, "Of course, my Lantian subway station is also planned like this!" ”

Zheng Jiachun was recognized, and he was immediately a little happy, after all, he was a new official, and there were doubts outside, so he was naturally very happy to be recognized by his friends.

Cha Maosheng nodded and said: "As soon as the new airport is introduced this year, coupled with the future real estate premium, we believe that the price of the fourth and fifth phases of Discovery Bay can be more than 650 yuan!" ”

If it is less than 650 yuan per square foot, HKRI will not get 30% and a half of the profit, so of course Cha's hopes that the higher the price, the better.

Lin Zuhui and Zheng Yutong nodded their heads and praised Discovery Bay Phase 4 and Phase 5 as a big money-making project.

Then, Lin Zuhui said inadvertently: "New World Development is not preparing to raise funds through rights issue, I see that you are ambitious?" ”

Zheng Jiachun smiled bitterly: "How could I go against the father's motto of 'not entering the market to sell shares to raise funds'." With the money from this acquisition, I plan to sell the Hong Kong Dockyard (60% shareholding), and the shipping industry has been a bit sluggish in recent years! ”

Lin Zuhui's expression moved, and then asked, "Can you find a buyer?" ”

Zheng Jiachun looked at Lin Zuhui and said curiously: "Do you have any intention?" ”

Lin Zuhui nodded without hesitation!

Zheng Jiachun sighed at his friend's energetic energy, and immediately said: "Next week, you can bring someone to our company to talk!" ”

"No problem!"

As far as Lin Zuhui knows, shipping began to recover in the 90s, and although the shipping market has not reached its peak, the price of ships has soared to the level of the peak. At that time, he can just get a piece of the pie.

"The Legend of the Fairy Tree"

Importantly, Lin Zuhui hopes to use this move to see if he can participate in the investment in the terminal. Can Li Cucumber's wharf business be divided into half of itself? Lin Zuhui thought so.

.......

Back at the ACN office, Lin picked up the 'saleable' property forms handed in by the management and began to review them one by one. If he agrees to sell, he will tick the box to determine the final list of properties to be sold.

Chinese Estates will eventually release $2 billion worth of properties (scattered rental properties) so that it can raise $3.5 billion before the crash for commercial activities such as the 'Diwang' project on Garden Road in Central District (in cooperation with the Lin family's 55), as well as buying real estate and acquiring Wing On Group.

New Era Real Estate sold ninety percent of its rental properties, and returned more than 1 billion yuan; and sold a piece of Diligende Pavilion, which can return 400 million yuan (accounting for 3% of the shares); Together with the liquidity on the account of 1.7 billion, the sales profit in the first five months of this year was 800 million, and the futures contract was withdrawn 800 million. Excluding foreign exchange investment (current market capitalization of 750 million), it is possible to raise 4.7 billion (debt 5 billion)

After some estimation, Lin Zuhui showed a bright smile!

After the crash, New Era Group and Chinese Real Estate have a large amount of funds to buy the bottom, not including continuing to borrow for investment.

In the case of New Era Group, the net assets will reach more than 20 billion by then, and at least 5 billion can be borrowed according to the debt ratio of 50%. The bank interest of 800 or 900 million yuan a year is still acceptable, after all, after the 90s, the annual profit of the new era group (parent) will exceed 2 billion.

What's more, Lin Zuhui will let the company invest in securities to reduce the pressure of interest.

Before leaving work.

Lin Zuhui finally did a good job of determining the sale of the property, and called the core executives of the real estate/real estate to plan to work overtime to hold a meeting. He doesn't like to take his work home with him, so he has to work overtime.

Lin Zuhui gave the information to the four people and said: "I have checked all the properties sold, and the New Era Group has sold ninety percent of the rental properties, worth about 1 billion; Chinese Estates sells rental properties worth 2 billion, you see what other opinions you have, we will confirm it tonight, and then start planning sales. ”

Chen Xiaofen asked: "Will it be officially sold from the beginning of February?" ”

Lin Zuhui thought for a while and said, "Yes! Remember, just sell it in three months, don't let it out all at once and cause market turmoil! ”

Liang Zhenxun said confidently: "Now the real estate is hot, the monthly transaction volume is tens of billions, and our actions will not affect the market." However, what the boss said makes sense, after all, our real estate company is the vane of some real estate industries, so the impact of selling separately is smaller. ”

Lam added: "We are a big debtor, and it is only natural that we will develop 'Central Plaza', 'Garland Centre' and 'Entertainment Building' after we go out. ”

The four nodded, in this way, it really will not cause the market to be alert.

In fact, it is mainly because of the 87 stock market crash, Lin Zuhui's foresight, which makes some market participants admire, and may focus on the New Era Group. However, Chinese Real Estate has just won the 'Wan Chai Land King' at a sky-high price, and everyone thinks that Lin Zuhui is very optimistic about the next trend of real estate!

Then, everyone began to discuss in detail!

........

On January 16th, a new week begins.

Lam Cho-fai took Lu Donglai and his entourage to the New World Development headquarters in Central to discuss the acquisition of its Hong Kong shipping company.

Hong Kong Shipping was purchased by Zheng Yutong in 1983 for 20 million US dollars, accounting for 60% of the shares; A few years ago, Zheng Yutong bought a lot of ships against the market, who knew that shipping had been sluggish for so many years, and there was still no momentum.

At present, Hong Kong Shipping has 12 container ships and 14,000 containers, with a preliminary estimated value of $1.2 billion.

If the New Era Group wins, it will take about 750 million ~ 850 million.

During this trip, Lin Zuhui brought professionals and planned to complete the audit and negotiation today and reach a transaction intention.

The real big business is like this, it is impossible to take care of it, Li Chaoren only took 10 hours to buy HK Electric; Of course, it is said that he has been spying on HK Electric for several years and has already studied it thoroughly.

Although Lin Zuhui did not study shipping and Hong Kong shipping companies in advance, he understands the general trend, in the early nineties, the price of shipping began to rise to the level of the peak, and this alone is very worth the investment.

Moreover, New Era Group is now striving to develop into a comprehensive group with real estate as the core, so it is necessary to continue this move.

As soon as the two sides met, Cheng Kar-shun asked his subordinates to hand over the information of Hong Kong shipping to Lin Zuhui, and then the two chatted.

"Are you betting on a shipping recovery? Or do you just want to be the king of ships? Zheng Jiachun said with a smile.

Lin Zuhui said bluntly: "I'm betting that shipping will pick up in the 90s!" However, I'm also curious, the debt of New World Development is not high, why did you sell Uncle Tong's investment back then? ”

The father and son buy and sell one another, which is also news!

Cheng Kar-chun said: "Although the debt is not high, we have other business activities that require a lot of capital, so we will sell this burden!" ”

Lin Zuhui immediately guessed in his heart that Cheng Kar-chun might be negotiating with the American Ramada Hotel Group, and the project was at least more than 2.5 billion Hong Kong dollars.

On the same day, it took 8 hours to finally close the deal.

New Era Group spent a total of 800 million yuan to buy a 60% stake in Heung Kong Shipping.

Because it is a direct acquisition, it saves a lot of trouble and directly allows New Era Group to enter the shipping industry, and there is no need to start from scratch.