Chapter 352 [Convention and Exhibition Plaza Building]

One day in early August, Lam came to the office of Cheng Kar-shun, general manager of New World Development.

At this time, the debt of New World Development has reached 6 billion, which should be 1 billion more than the same period in the previous life (the expenses of the two buildings in Yongan).

Cheng Kar-chun is not Lin Zuhui, Lin Zuhui can reduce the company's debt in the financial market;

And if Cheng Kar-chun continues to do big projects, he can only engage in loans and self-financing.

This time, Cheng Kar-chun plans to reclaim the 50% stake in the two hotels of the convention center held by Hyatt Hotels Group at a high price.

In that year, Zheng Yutong developed the Convention and Exhibition Center and sold 50% of the shares of the two hotels above, New World Seaview Hotel and Grand Hyatt Hotel, to Hyatt Group for 1.56 billion Hong Kong dollars.

Now, Zheng Jiachun, who is his son, wants to take it back, although the real estate is falling now, the Hyatt Hotel will not care so much about you, and it will have to be sold at the price before the collapse (estimated to be 2.5 billion). After all, the convention center has been built, the two hotels are about to open, and you are about to redeem your shares, how can there be such a good thing.

Therefore, Cheng Kar-chun's plan is bound to require a huge amount of money, and in addition to bank loans, he also needs to raise some funds himself.

The two sat down on the sofa, and Lin Zuhui said with a smile: "How did you think of selling the interests of the Convention and Exhibition Plaza Building?" ”

Cheng Kar-shun seemed to be very open-minded and responded: "Under the ideal price, the sale of office buildings in the Convention and Exhibition Plaza is our company's strategy!" I know you have plenty of cash flow, so I'm calling you to negotiate the price! ”

Lin Zuhui nodded, Zheng's failure to raise funds from the stock market is a hard injury. Today, Cheng Kar-Shun intends to sell part of the interest in the Convention and Exhibition Plaza Building (office building), which is nothing. When he re-emerges, he will sell a large number of high-end properties, and in his previous life, he was nicknamed 'Uncle Tong's comeback gift' by the public.

The property situation of the entire convention center is:

Two hotel towers (Grand Hyatt and Ocean View, 1,460 hotels in total)

Convention Plaza Building (office building, 690,000 sq. ft.)

Luxury residential buildings (hotel self-service management, lower prices than hotels, but also hotel services; Property area 720,000 sq. ft.)

Exhibition hall lobby (200,000 sq. ft.)

Restaurants and recreational establishments

"How much are you going to sell?" Lin Zuhui asked.

Zheng Jiachun stretched out two fingers and said, "Twenty percent rights!" ”

The so-called 20% equity, of course, is only an estimate, and the actual transactions are sold by layer.

Lin Zuhui asked again: "At what price are you going to sell?" ”

Although the two are friends, they came to the company today to talk about business, but this time to buy the property of the Convention and Exhibition Center, Lin Zuhui intends to hold it by Hengjin Real Estate, that is, he holds it personally.

Cheng Kar-chun said unceremoniously: "5000~6000 Hong Kong dollars per square foot, this is the trump card property of the Convention and Exhibition Center, it is worth this price!" ”

It's not expensive, and this price is only available at this time. Although the Convention and Exhibition Plaza is located in Wan Chai, even the office buildings in Wan Chai have high and low rents, and before the crash, it cost at least 50~55 yuan per square foot.

Lin Zuhui also doesn't bargain, after all, this thing is rare in the market.

Next, Lin Zuhui seriously turned over the information for the sale of office buildings (sold by floors), with a total area of 150,000 square feet and a total price of 830 million Hong Kong dollars.

In the end, Lin Zuhui said: "Choose a date to sign a contract!" ”

Zheng Jiachun asked curiously, "You don't make a counteroffer?" ”

Lin Zuhui asked rhetorically: "Why should I make a counteroffer, it's worth this money!" ”

For a while, Zheng Jiachun felt that Lin Zuhui's funds were unfathomable and envious.

The purchase of the trump card property of the Convention and Exhibition Center is only part of the investment of Hengjin Real Estate, after all, Lin Zuhui has personally prepared 8 billion funds to buy the bottom; Of this, $3 billion was used to buy securities and futures indices, and the other $5 billion will be used to invest in properties (including $1 billion spent by Garden Road King).

......

Lin Zuhui carried the gift and came to No. 1 Peak Road - Cha Liangyong's residence.

Speaking of Peak Road, the most expensive villa is, of course, No. 75 Peak Road - Ho Tung Garden, this villa has always been empty, and it was sold for 6.3 billion yuan in later generations. Of course, Lin Zuhui was not interested in this villa at all.

Jin Daxia warmly received Lin Zuhui, of course he knew what Lin Zuhui came to him for, but he was most optimistic about Lin Zuhui taking over the Ming Pao Group.

Lin Zuhui saw that the 'Little Dragon Girl', who was only five years older than him and 29 years younger than Jin Daxia, poured tea for herself, and hurriedly said thank you!

"You're welcome, it's not your first time here!" The little dragon girl said with a smile.

Lin Zuhui smiled, he has rarely played with Jin Daxia in recent years, there are too many things.

After tasting the tea, Lin Zuhui made his intention clear: "Jin Lao, Wanhui Media intends to take over Mingbao Group, and I hope to consider one or two." ”

He doesn't need to talk about money, Jin Daxia also knows that Lin Zuhui is not bad for money, so he won't care too much.

Jin Yong's face flashed with a hint of worry and said: "You were originally my most optimistic, but now you are focusing on real estate." Moreover, are you planning to directly let Wanhui Media integrate my Ming Pao Group? ”

His worries are very reasonable, if someone else wants to sell the industry, Lin Zuhui can directly merge the newspapers into Wanhui Media. But Jin Daxia is different, he also wants to take over and carry forward the Ming Pao Group, and the Ming Pao signboard has been spreading.

Therefore, Lin Zuhui said confidently: "Of course not! My idea is that we will buy a total of 70% of the shares of you and Shen Lao. During this period, you will continue to serve as the Chairman of the Board of Directors first, and we, Wanhui Media, will lead the listing of Ming Pao Group. After the listing, Ming Pao Group is essentially a public company, and its management in all aspects integrates Chinese and Western methods, and adopts a relatively independent and autonomous management mode. Moreover, my idea is to pay attention to the distribution of overseas Ming Pao...... In short, we will continue to grow the Ming Pao Group instead of sitting on dividends. ”

Ming Pao Group only made a few dollars, and it was estimated that it was 15~2 billion in the entire nineties, which can only be said to make Wanhui Media a little profitable; But if you take the money from the purchase of Ming Pao and invest in property, I don't know how many times you will earn.

He's interested in influence!

When Jin Daxia heard that Lin Zuhui planned to let Ming Pao go public, and then carry out a more independent business mode, he was immediately very useful; Moreover, Ming Pao has the resources and support of Wanhui Media.

"I am keen to seek a smart, capable, journalistic and hard-working young man to take over the Ming Pao Group. You're the best person in every way. The only downside is that you're too busy! Jin Yong said with a smile.

Steady! Lin Zuhui thought in his heart.

Lin Zuhui immediately said: "Jin Lao, what do you think of ATV's achievements in the past two years?" ”

Jin Yong nodded, even showing a look of admiration, and said: "The performance is naturally very good, and the whole Hong Kong citizens praise it, and there are finally two stations in Xiangjiang that they like to watch!" And I also know that everyone says you take more than half of the credit! ”

Lin Zuhui said modestly: "Half of the credit is absolutely not there, after all, I work at ATV half a day a week." ”

Jin Yong was relieved, and then remembered that Lin Zuhui's memory and wisdom were far better than ordinary people!

"You're afraid you won't even stay in Mingbao for half a day, right?"

"Jin Lao, we Wanhui Media are full of talents, I think you know it. Moreover, Mingbao itself is also full of talents, so why should you worry. Besides, with you and me watching, and the integration of resources of large groups, I believe that "Ming Pao" will have better development. ”

Anyway, it's all coaxing, so Lin Zuhui will say more. For the development of Ming Pao, his original intention was to follow the step-by-step process, and then let Wanhui Media give some support in news materials, to put it bluntly, it is resource sharing and distribution.

Jin Daxia nodded, no longer in doubt.

Lin Zuhui took the initiative to mention: "In terms of price, we Wanhui Media have 500 million in cash, and we are willing to pay seventy percent of the equity in the hands of you and Shen Lao!" ”

Jin Yong really didn't care about the price, but asked curiously: "Why is there so much cash in the account of a newspaper group?" ”

I can't think of it!

Lin Zuhui said with a smile: "At present, Wanhui Media's annual profit is more than 300 million, and we are no longer a single newspaper/magazine group. Our comic industry accounts for eighty percent of Xiangjiang's profits, hundreds of millions of net profits; Not only that, but our manga division in Japan can earn more than 50 million yuan in Japan every year...... We also have a huge property and a lot of the money is earned from the sale of the property. ”

Jin Yong sighed and said: "You have completed the media group and the real estate group!" ”

Lin Zuhui said: "I'm taking precautions! The newspaper industry in Hong Kong has always been not peaceful, and I think that if you want to run a newspaper with peace of mind, you should have a large group and a huge profit to support the long-term operation of the newspaper industry. For example, with a history of more than 60 years, if the Shum family has strong financial strength to modernize its operation and revise its edition, why should it be sold separately. ”

Jin Yong has to admire Lin Zuhui's brain, others think very long-term and steady.

On the same day, the two had almost finalized the deal, which shows that Lin Zuhui's investment over the years is still very effective.

You know, I talked about it for two years in my previous life.

At that time, it was rumored that more than 10 consortia wanted to buy Ming Pao, including:

the acquisition partner formed by acquisition experts Leung Pak-tao and Cheng Jinghan;

British newspaper tycoon Maxwell;

Li Ka-shing, the richest man in Hong Kong;

Hong Kong's chief foreign firm Jardine Matheson and Australian media king;

Mei Duo, the majority shareholder of the South China Morning Post;

The owner of Tokuma Bookstore in Japan and his consultant Yu Shinai.

And in this life, Jin Daxia is not only satisfied with the price given by Lin Zuhui, but also satisfied with Lin Zuhui's candidate.

Although verbally agreed, the transaction between the two parties still needs to be contacted at the company level, and it is also necessary to communicate with Shen Baoxin, another shareholder of Ming Pao Group. Therefore, it is expected that it will take some time to be officially completed.

Of course, Lin Zuhui believes that Jin Daxia is not the kind of person who defaults, after all, Yu Pinhai was so poor in his previous life, and Old Man Jin was willing to sell, so there is no reason not to believe it when he comes to Lin Zuhui.

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