It's a new week in the blink of an eye.

Monday, June 26.

Lin Zuhui summoned Liang Zhenxun and Chen Bin in the office, and said: "No matter what the result of this afternoon is, starting from today, the New Era Group is aggressively acquiring land, land exchange rights and interests, and old real estate. However, don't cause an overreaction in the market, we have plenty of time to spend 6 billion. ”

At this time, New Era Group has 8 billion funds (8 billion debts) on its books, plus the loan from HSBC.

As for the project of 'Garden Authentic King', New Era Group theoretically only needs to invest 1.5 billion yuan (half of the equity), and currently accounts for 70% of the shares, and after the preliminary plan is determined, it will sell 20% to CITC to reach a cooperation.

"Yes, boss!" The two said with a little excitement.

According to the boss's prediction, the real estate may recover in more than a year (actually a year), so this dip is equivalent to earning more than forty percent. After all, ten yuan falls by three percent is seven yuan, and seven yuan needs to rise by more than forty percent to return to ten yuan.

And the bank interest is only 10% to 15% for more than a year!

The important thing is that there are so many resources, and the New Era Group has won so much cheap land, which will inevitably drive the real estate to a higher level.

Lin Zuhui said: "The funds of the New Era Group are used to expand our land bank! I already have a direction for the funds of Chinese Real Estate. But there are still a lot of high-quality properties in the market, I plan to invest in the name of my family, such as garden-style single-family villas, single-family villas, commercial buildings, etc., when you launch the marketing department, you can let them collect information together, and then give it to me for reference. ”

The 6 billion capital of the New Era Group is equivalent to increasing the company's land reserve to about 15 million square feet (excluding a large amount of agricultural land reserves, which can also be converted into residential land in the future), which will be similar to the level of Henderson Land in the previous life, surpassing the current Henderson Land and second only to Sun Hung Kai.

New Era Group is not only worth its land bank, but also its shares in its subsidiaries are also worth a lot of money.

Therefore, the market value before the crash was more than that of Henderson and slightly lower than that of Sun Hung Kai.

Chen Bin and Liang Zhenxun are naturally not surprised that the boss has a large amount of cash flow, which can help the company earn a lot of net profits financially, and the boss's personal investment may be very large.

In the afternoon of the same day.

The Hong Kong government's unveiling of the 'Garden Authentic King' was won by the New Era Group.

However, the media reacted relatively coldly, and only interviewed Chen Bin, the general manager of the New Era Group, as usual.

After all, the price of 3.099 billion is not even as good as the 'Wan Chai Land King', which shows how bad the real estate market is!

Only Luo Jiarui of the Eagle Monarch was a little lonely, stepped forward to say hello to Chen Bin, and left the scene. I thought I had a great deal of certainty, but I didn't expect others to give 3.099 billion directly. Even if this price is clearly marked, he may not dare to come out!

Lin Zuhui was also very excited to hear the good news in the office, although he was not too nervous beforehand, but once he won the bid, he was really happy. These are two super towers in Central, and the estimated value will exceed $60 billion in the future!

After getting this land, New Era Group has to start buying land reserves on a large scale, and the current real estate decline in the market has reached 30~35%. The land exchange rights and interests and the land in the New Territories are basically to the point that no one cares about them, and the properties in Hong Kong and Kowloon are not much better.

The decline of more than 30% is equivalent to returning to the price after the 87 stock market crash, which is simply not too cheap.

That kind of mood of picking up cheap, every transaction that reaches 10 million is enough to make Lin Zuhui happy.

......

Following.

The senior executives of the three departments of real estate, real estate and construction of the New Era Group are waiting for the arrival of the boss in the conference room. When Lin Zuhui walked into the conference room, everyone stood up and said hello.

Lin Zuhui motioned for everyone to sit down and observed everyone's mental outlook, which was very good. As the saying goes, a soldier bears a bear, and a nest of bears will be bears; As the main general of the New Era Group, Lin Zuhui is fully optimistic about the prospects of Xiangjiang and has high morale, so these high-level executives have also been infected.

"Let's report on the important work first!" Lin Zuhui took the pen and motioned for these people to speak first.

Everyone knows that Lin Zuhui pays attention to efficiency, so he quickly began to report.

"The groundbreaking ceremony of the 'Central Plaza' of Chinese Estates is tentatively scheduled for mid-July, with a construction period of 32 months, which will be completed and put into use in 1992....... Central Plaza is a 78-storey building with a floor area of 1.4 million square feet and a total investment of 5.6 billion yuan..... Upon completion of this building, our Liguang timepiece will be visible at night in all districts of Hong Kong and Kowloon, and it will be an internationally recognised Hong Kong icon. ”

The building under construction of Chinese Estates is about to add another one!

Entertainment Club (Queen's Road, Central) will be completed in the first half of 1991.

Garland Centre (Enping Road, Causeway Bay) will also be completed in the second half of 1991.

"Chinese Estates has basically negotiated the acquisition of interests in the Chinese Bank Building on Connaught Road, with a total cost of 610 million. Before the crash, the Chinese Bank Building was valued at 750 million. ”

"At a cost of 1.9 billion, Chinese Real Estate won the Yongan Center in the Central District. After the acquisition, our largest customer was Wing On Group, which still serves as their headquarters. ”

Chinese Estates can rent out two more buildings. As for Yongan Center, it is also rent-collecting anyway, and Yongji is willing to lease, so naturally it can't ask for it. As for the renamed building, Lin Zuhui will not be so boring. After all, the citizens are used to it, so why bother to change it.

Lin Zuhui said: "The Chinese Bank Building and Wang Kee Building will not be demolished for the time being, and will be used for rent collection temporarily, and they will be rebuilt in the 90s!" The same is true of the four buildings of the original Legu Real Estate, first strive to merge the building, and after the nineties, we will rebuild the building according to the situation, or rebuild it directly! ”

You can't rebuild too much at once, otherwise you will have to spend a lot of construction costs and interest on the building without rent, and your finances will not be able to bear it.

The properties of Chinese Estates are now 14 buildings:

7 buildings in Central District:

Chinese Centre Tower A & B (Admiralty), Entertainment House Building (under redevelopment), Wing On Centre, Chinese Bank Building, Wang Kee Building, Lok Ko Building, Printing House, Lok Shing Hong

Wan Chai: Harcourt Building, Central Plaza (under construction)

Causeway Bay: Royal House, Grand Centre (under construction)

North Point: Lok Kee Hang

Gao Yi nodded, and then reported: "We have contacted the Japanese-funded company, and they are interested in the Yongji shares in our hands, but there are some objections to the price!" ”

Lin Zuhui said with a smile: "It's okay, it's just a drain on them for a while!" The stock market will also rebound soon, and they are also in a hurry to invest in Yongji, so as to reach a shareholding cooperation with Yongan Department Store. ”

It will rebound in July, and it won't hurt to wait until the end of the year, but Japan's Seiyu Co., Ltd. should be in a hurry.

The 25% of the shares in the hands of Chinese Real Estate cost 800 million, and at least 750 million must be returned, otherwise he can't afford to lose the face of doing 'loss-making business'.

At this time, there is only 3 billion cash left in the account of Chinese Real Estate, and the property on the land side has not yet begun to be discussed!

It seems that by the end of this year, the debt of Chinese Real Estate may reach 6 billion ~ 7 billion!

At that time, the difficulty factor of privatization will be greatly reduced!

Next, the senior management of New Era Group began to report.

"Garden Daodi Wang, we spent 2.17 billion yuan this time (currently accounting for seventy percent of the shares, and the other three percent are owned by the Lin family), according to your instructions, we plan to carry out preliminary design first, and then contact IWC Baotong after two or three months to propose cooperation ....."

"The property above the Lantian subway station - Huijing Garden, the first draft of the drawings can be produced in August, and the construction will officially start at the beginning of next year....."

"Three Diganders, we are actively communicating with the Planning Department to build the world's tallest residential building with 66 storeys of ..... according to your requirements."

......

After listening to the report, Lin added: "In the second half of the year, I will have to discuss with the Hong Kong government the land compensation fee for the Hok Yuen Power Plant, a large housing estate that is our residential project in the mid-to-late 90s. ”

There was a smile on everyone's faces, at the beginning of 1988, Li Chaoren's three-major housing estate plan can be said to be very popular in Hong Kong; And everyone also thinks that Li Chaoren will have four major estate plans in the 90s.

Now, New Era Group has not only cut off a large-scale housing estate project for Li Chaoren, but also cooperated with CLP on a housing estate project.

"The Legend of the Fairy Tree"

Moreover, the New Era Group is developing real estate, collecting real estate, and developing at the same time, without focus;

This is almost impossible among Hong Kong real estate developers.

The reason why New Era Group is so bold is because it is not afraid of debt;

And he has dodged two crises in a row, and in the crisis, he has made a big comeback.

Of course, by the end of the year, the debts of the New Era Group will reach a terrifying 15 billion, and it will be inevitable to be ridiculed as the 'debt king'.

Lin Zuhui is not afraid of the company's debts, the first is that he has his personal funds, and the second is that he intends to start the layout of oil futures in early 1990 before the 'Yin Lak invasion of Kuwait' incident.

Although the oil soared and fell again soon, for a person like Lin Zuhui who knows history, he is still sure to ship on the basis of controlling a certain amount of funds; Moreover, he knows that the maximum price is $42 per barrel, but he never makes the last money, and it is estimated that starting at $30, he will gradually sell it.

At this meeting, Lin Zuhui finally summed it up:

New Era Group, with a capital of 6 billion, went to the market to acquire a large number of reserve land, and began to prepare for a large number of land openings!

Chinese Real Estate still has 3 billion cash on its account and is ready to borrow another 3 billion in cash to prepare for the acquisition of Hongkong Land's saleable properties.

At the end of the year, New Era Group received the title of "Debt King"!

Lin Zuhui's personal debt is currently as high as 6.5 billion (there is still 7 billion cash in hand, and the king of the garden has spent 1 billion), and he is also the king of debts.

However, although the debt is high, the assets of the New Era Group are too rich, and they were bought from the bottom.

As long as Xiangjiang Real Estate does not plummet further, there is no bank that is not at ease, after all, the debt ratio is only about three or four percent.