Time flies, and three weeks have passed in the blink of an eye.

Monday, November 20th.

Lin Zuhui's office in ACN Center seems to be in a very good mood, Hengjin Investment has withdrawn 5 billion yuan from Japanese securities, and it is still being withdrawn.

At this time, the Nikkei index has reached 36,000 points, and the trend is to soar all the way to 39,000 points, which makes Lin Zuhui's harvest much higher than expected.

After all, the total market value of the Japanese stock market is still larger than that of the United States, almost 30 trillion Hong Kong dollars, accounting for more than 40% of the market value of the global stock market.

The total market value of the Hong Kong stock market is only more than 600 billion Hong Kong dollars, and the gap is too big.

Lin Zuhui has asked Hengjin Investment to withdraw no less than 8 billion funds in the next 40 days; Because, through the withdrawal of this period of time, Hengjin Investment has mastered the sensitivity of the market.

As for the remaining funds, they will be kept for January and then quickly withdrawn.

With money in his hands, Lin Zuhui naturally had to start preparing for how to spend the money, and he first paid off the purchase of 25% of the equity of Modern Container and 20% of the equity of Asia Television, totaling 3.1 billion.

The 25% equity of Modern Container is a medium and long-term investment, which is used to match the cooperation between Modern Container and sea and land containers, and will not be sold in the short term.

After a while, Liang Botao and Liang Zhenxun came to Lin Zuhui's office together.

Although Liang Botao is not an employee of Lin Zuhui, Lin Zuhui knows that after 1998, he will come to work in his family office. Because he knew that Peregrine would go bankrupt in the 1998 financial crisis, because he was too aggressive, he took out an unsecured loan of 265 million US dollars to an Indonesian company, and as a result, when the financial turmoil came, Peregrine and other businesses lost a total of 4 billion Hong Kong dollars.

Lin Zuhui is interested in Liang Botao's strength in the investment banking field, and he can be allowed to take charge of the investment business in the Asia-Pacific region in his family office in the future.

In addition to Liang Botao, Lin Zuhui will also chase Yuan Tianfan, who is now the chairman of the Stock Exchange, in the past two years. In his previous life, Yuan Tianfan claimed that he would not work for a family other than the Li family, but Lin Zuhui wanted to see if he was like this!

Liang Botao took out a plan to Lin Zuhui, and he looked at it seriously.

This is about the plan to privatize Chinese Real Estate, and the plan for Lin Zuhui to reasonably increase his shareholding.

At this time, the market value of New Era Group was 16.1 billion (980 million shares) and Chinese Real Estate was 9.5 billion (380 million shares), both of which were much lower than the net asset value.

It was good news to buy the bottom in real estate, but it was all ruined by high debt, which led to the poor performance of the stocks of the two companies.

But it doesn't matter, the market value is much lower than the net asset value, which is more convenient for him to privatize.

After reading the plan, Lin Zuhui nodded and said: "The value of every two shares of New Era Group shares is 32.8 yuan, in exchange for one share of Chinese real estate worth 25 yuan." If the shareholders of Chinese Estates agree, they will receive a book profit of 8 yuan per share, a premium of more than 20%. So, this is a privatization in good faith! ”

Liang Botao nodded and said: "Not only that, if investors are optimistic about New Era Group, they can still continue to hold it." The stock assets in his hands still have those assets! ”

Lin Zuhui said: "But it stands to reason that we, as major shareholders, cannot enter this shareholders' meeting, who should persuade those small shareholders?" ”

The privatization shareholders' meeting is a discussion of whether the minority shareholders will accept it, excluding the majority shareholders, and the vote will be more than 90%, that is, the success will be declared. If Lin Zuhui is at the venue, as soon as some demagogic remarks come out, everyone will not surrender immediately!

Liang Botao immediately said: "Standard Chartered Bank is the most suitable, they are the shareholders of ACN, with about 3% of the shares. And they are banks again, and they are more authoritative. ”

Lin Zuhui's eyes lit up, and he immediately said: "Okay, just choose Standard Chartered Bank, and you and I will visit them tomorrow." ”

Liang Botao nodded, he is the financial advisor of this time, so he naturally wants to participate in these.

Lin then asked, "If the privatization is successful, how much will my stake be diluted?" ”

Liang Botao naturally knew that Lin Zuhui attached great importance to his shareholding ratio, after all, the purpose of privatizing ACN was to make the majority shareholder Lin family hold greater interests and pay more dividends in the future.

"New Era Group holds 55% of Chinese Real Estate, and the number of shares of this privatization of ACN is 171 million shares, and 342 million new shares of New Era Group need to be issued. So, based on the calculation of your original 485 million shares, after the successful privatization, you account for 36.7% of the New Era Group. ”

Lin Zuhui immediately said: "It's not enough! I still have to add to my stocks! ”

Liang Botao said: "The cost of increasing holdings of shares in the secondary market is too high, so it is better to issue 'warrants' to you now!" ”

Lin Zuhui came to his senses and immediately said: "Okay, first arrange the issuance of equity warrants in exchange for my 2 billion cash!" ”

Liang Botao thought for a while before saying: "If there is no accident, you can almost increase your holdings to more than 45%!" ”

Lin Zuhui nodded, this shareholding ratio is acceptable!

The reason why he dares to increase his holdings unscrupulously is very simple, he is not afraid to touch the full acquisition line at this time, because he only needs to make the highest price in the past six months to launch a comprehensive acquisition; In the past six months, the value of New Era Group's shares has been significantly lower than its net asset value, so it is not attractive.

If it is not successful, it will naturally not need to pay more than 10 billion in cash.

Several people discussed the countermeasures in detail, and soon decided to take immediate action, striving to pass the application for the issuance of 'warrants' this week and announce it to the public.

The issuance of warrants is a good thing, after all, enterprises can raise funds, and New Era Group is currently in high debt, and it also needs to raise funds; Therefore, the Stock Exchange will not refuse.

The issue of warrants is beneficial to Lin Zuhui, for example, the current stock price is 16.4 yuan per share, and he can buy shares of New Era Group at this price in the next few months.

If the stock price of New Era Group rises to 18 yuan, he can make a net profit of 1.6 yuan per share!

Fair enough, because there is also the possibility of falling! If the major shareholders want not to lose money, they can only work hard to develop the company and make the company's stock price rise.

Therefore, shareholders are not averse to warrants.

.......

On Wednesday, the Stock Exchange approved New Era Group's application to issue warrants to major shareholders to raise funds, and New Era Group held a press conference on the same day.

At the same time, Lin Zuhui and Liang Botao came to the Standard Chartered Bank Building in Central District to meet with Standard Chartered Bank Taipan Lynes.

Standard Chartered Bank's headquarters has always been in the United Kingdom, but its business is mainly in Xiangjiang, and it was hostilely acquired by the British Lese Bank a few years ago, and it was the charter king who bought a large number of shares of Standard Chartered Bank, which thwarted the conspiracy of Lese Bank.

However, the charter king is also ambitious and wants to enter Standard Chartered Bank; But after all, Standard Chartered Bank is headquartered in the United Kingdom, and the charter king cannot enter the core of the right, and can only sell shares in the end.

"Mr. Lin and Mr. Liang, you two must have a lot of business when you come together, right?" Lynes said humorously.

Lin Zuhui responded with a smile: "If I borrow 2 billion cash from Standard Chartered, is this business big enough?" ”

Lawrence was stunned, and said in his heart that you are the king of debts, and Standard Chartered Bank can't stand your toss.

Mr. Lin laughed! Of course, if there is collateral, we can also solve part of the 2 billion loan! Lynes had to say so. You can't have business that you don't do, but 2 billion is too much.

Liang Botao and Lynes were very familiar with each other, and immediately said: "Do you still think that Lin Sheng is really in a debt crisis?" ”

Lynes immediately shook his head and said, "No, Mr. Lin has invested in so many projects this year, it seems that he is the right one!" As bankers, we can't see it clearly. It's just a loan of 2 billion, and indeed it is better to be a portfolio loan! ”

Lin Zuhui immediately said: "We are not here to borrow money, Mr. Lynes, but to discuss with you the privatization of Chinese real estate!" ”

Lynes immediately said, "I see! How are you going to privatize it? ”

Liang Botao immediately said the plan, and Lynes began to think about it, and after a long time, he said: "After the privatization of Chinese real estate, your company's debt is probably more than 15 billion!" ”

Lin Zuhui nodded and said, "Don't worry, we have formulated a debt reduction strategy. New Era Group has just raised 2 billion yuan, and there is still 1.5 billion cash lying on the account, as for the follow-up, we can still have a variety of channels to reduce debt. ”

Lynes immediately asked: "New Era Group raised 2 billion?" "Xiangjiang has such a big news, he has no reason not to know.

Liang Botao replied: "It has just been approved by the Stock Exchange today. The warrants issued raised 2 billion from major shareholders! ”

Lynes looked at Lin Zuhui with some surprise, this net worth is deeply hidden!

After some discussion, Lines quickly agreed to ACN's privatization plan, after all, there was a profit on the books, and the two companies were operating together, which was more beneficial to the interests of shareholders.

Of course, the most important thing is that his identity will take the lead and convince those small shareholders.

.......

New Era Group raised 2 billion yuan from major shareholders, which caused great repercussions in Xiangjiang after media reports.

However, this public opinion has not yet subsided, and New Era Group has officially issued a comprehensive acquisition offer to minority shareholders: two shares of New Era Group in exchange for one Chinese real estate stock.

For a while, public opinion was overwhelming!

Many analysts pointed out that this plan is indeed very attractive to small shareholders, but the intention of the major shareholders of the New Era Group to subscribe for 'such as equity warrants' in advance is also obvious, that is, after being diluted, they will increase their holdings of the shares of the New Era Group, and then it will also touch the full acquisition line.

Standard Chartered Bank specially published a newspaper saying that as a shareholder of Chinese Real Estate, it is very optimistic about the privatization of this share exchange.....

In terms of public opinion, it is clear that the privatization is favorable, but the real decision on success or failure will have to rely on the vote of the shareholders' meeting.

In order to make everything go smoothly, Lin Zuhui deliberately ran several companies and individuals with a lot of shares to win everyone's support.

His reasoning is simple: privatizing Chinese Estates would better solve the debt problems of the two companies and ensure that the rights of shareholders are not violated.

The effect is very good, short-term investment, and the book has 20% profit; Long-term investment, the merger of the two companies is conducive to development.

........

Tuesday, November 28.

On the same day, the shareholders' meeting of Chinese Real Estate was officially held, and New Era Group, as a major shareholder, recused itself. However, presiding over the meeting, Gao Yi, general manager of Chinese Real Estate, naturally gave a speech in advance.

Several important shareholders and directors took turns to make speeches.

However, some shareholders asked: "What if the shares of New Era Group in our hands depreciate after the share exchange?" ”

Gao Yi immediately replied: "This is good news, how can it fall for no reason?" ”

Gao Yi and other directors have given important answers to such questions.

Entering the voting environment, Gao Yi was also a little nervous, although the privatization of ACN this time, the boss said that Chinese Real Estate will still be a real estate company in the new era in the future, and it will operate independently. Therefore, Gao Yi himself does not need to consider his future.

In the end, 95% of the shareholders agreed to the privatization, and the room burst into thunderous applause.

Next, it's time to go through the process.

......

The smooth privatization of Chinese Real Estate is not because of how clever Lin Zuhui's methods are, but because of the goodwill acquisition, so he did not learn from the privatization of Da Liu in his previous life.

After the privatization of Chinese Estates, the total share capital of New Era Group became 1.322 billion shares, with Lin Zuhui holding 36.6% of the shares, and he also had a large number of warrants that could be exchanged for the main shares within three months.

The market value of New Era Group soared to 21.6 billion in an instant, ranking first among the top ten real estate companies.

Of course, the total market value of the two companies is nearly 26 billion, and the total market value of the Xiangjiang stock market is equivalent to 4.4 billion.

After the privatization of Chinese Real Estate, Lin Zuhui looked at the Cathay Pacific City Hotel again, planning to find an opportunity to privatize it next year.

The market value of Cathay Pacific City has not been able to rise, and it is currently less than 2 billion, because there has been no dividends for a long time, and the debt is too high, and the hotels invested are long-term investments.

Therefore, Lin Zuhui intends to privatize at the same time with two options: share exchange and cash.

It is still a goodwill privatization, short-term investors can sell shares at a premium of 20%, and long-term investors can choose to exchange for shares of New Era Group.

After the privatization of Cathay Pacific City Hotel, the New Era Group is equivalent to only two listed companies, one is New Era Group and the other is Fuli Real Estate (American real estate investment).

As for the original Chinese entertainment, it has long been in Lin Zuhui's personal hands.

The reason why Lin Zuhui privatized the property and the hotel was because the two companies were about to explode in dividends and the debt was too high.

"Rebirth: The Great Age of Waves"