Chapter 390 [Port Felisdu]
Lin Zuhui is determined to enter the field of traditional Chinese medicine, and he will not ignore the actual situation, nor will he rush to achieve success; He believes that this is a long-term investment, and it is necessary to do a good job in a long-term battle for 10 or even 20 years.
Therefore, at the beginning, he would just ask New Era Group to set up a subsidiary of 'Times Pharmaceutical' to recruit talents and investigate the market, which was the job in 1990.
As for the slogan of 'Chinese Medicine Port', he did not immediately put it forward. When he was prepared to crack down on real estate by the Hong Kong government in the future, he brought it up again to transfer the pressure on himself.
The so-called 'Chinese medicine port' is to let a large number of Chinese patent medicines be sold out batch by batch through Hong Kong, and become the main port for dumping to the European and American pharmaceutical markets, so as to change the phenomenon of 'the Japanese taking Chinese medicinal materials and selling them to the world and the mainland'. In the previous life, the world's traditional Chinese medicine market was as high as 30 billion US dollars, while Huaxia only had a 5~8% share, and the rest was occupied by Japan and South Korea.
However, at present, he does not know much about this industry, and he will wait for the establishment of Times Medicine and the expert report to come out!
On Saturday, Lin Zuhui asked Dong Jianhua to come to Clear Water Bay Gower Stadium to play waves.
It is easier for people to feel relaxed when they talk about business while making waves, just like when a Japanese businessman comes to Hong Kong, it is easier for you to entertain him to make waves and talk about business.
Before kicking off, Dong Jianhua said with a smile: "I heard that Lin Sheng is a master of Tron, it seems that I will do my best today!" ”
Lin Zuhui tried the club, felt the fit, and said: "Young and powerful, it is already advantageous!" Dong Sheng, do you want to play a game with a colorful head? ”
Only when there is a color head can there be momentum. There are few people who don't play with the lottery, and ordinary people know it, but they will definitely not be caught, after all, it's just a mouthful, and the evidence from there is to others.
Dong Jianhua said with great interest: "Then 50,000 strokes!" I heard that you are a master, so I will be conservative! ”
Lin Zuhui nodded, and then prepared a little!
He is not sure to win, after all, being young does not necessarily mean that he has good skills, and technology is still the most critical.
Lin Zuhui's heart was not all on the wave, and when he hit the seventh hole, he took the initiative to talk about business.
"Dong Sheng, how much equity do you own in Port Felixdus, UK?"
Dong Jianhua suddenly thought to himself, no wonder this young man asked himself to make waves, it turned out to be the largest and busiest port in the United Kingdom (at that time).
"We have a 20% stake, 55% of which is in the hands of Rail, and the rest is spread across a number of companies. Lin Sheng, do you intend to enter overseas container terminals? ”
Lin Zuhui nodded and said calmly: "New Era Group has abundant funds, so it plans to diversify. ”
Abundant? How did I hear that it was the 'debt king', Dong Jianhua said in his heart.
However, the 'debt king' of New Era Group has not been given up by investors in Xiangjiang, after all, he has developed rapidly and has extremely high net assets.
"Mr Lam, the container terminals in the UK are not as busy as the Kwai Chung Container Terminals in Hong Kong, first of all, the business is not as busy as Kwai Chung, and secondly, the charges are also subject to multiple controls. At the current level, the annual rate of return of Port Felisdo is not comparable to that of Hong Kong! ”
The first is that he is a little reluctant to sell, and the second is that he doesn't want to pit Lin Zuhui, so he said it very bluntly.
Lin Zuhui nodded and said seriously: "We are interested in investing in Port Felisdu, and the most important step is to take the first step into the European container terminal industry, which is of great significance. As for the rate of return, I believe that 8% is still available! ”
Dong Jianhua shook his head and said: "In the past two years, the European and American economies have not been good, and the return rate of that project is almost 7%!" ”
Yes, when shipping resumes in the 90s, the rate of return can rise by more than 10%. The important thing is that it is extraordinary, symbolizing that Lin Zuhui has also stepped into Europe for the container industry than Li Chaoren.
However, looking at Dong Jianhua's meaning, he still doesn't want to sell, is it because the relationship between the two is not as good as the relationship between him and Li Chaoren, so it is so difficult. You know, in his previous life, he sold his shares to Li Chaoren, probably next year.
Therefore, Lin Zuhui felt that the interests were exchanged, and said: "Dong Sheng, Ninety-six is approaching, you must have an idea!" Personally, I would love to support you! ”
Dong Jianhua was shocked, and immediately felt overjoyed. As a media and communication tycoon, this young man is also a business tycoon, and his influence and financial resources are the top in Hong Kong, and with his support, not to mention anything else, it will be more successful in Hong Kong's economy in the future.
"Okay, my shares can be sold to you!"
"Xie Dongsheng is complete!"
"You're welcome, my little stake actually doesn't affect your plans, as long as you take the shares of the British Iron Bank, you are also a major shareholder!"
"I can't say that, but thank you anyway!"
In the golf match that day, Lin Zuhui lost 300,000 Hong Kong dollars, because his skills were not enough, and he didn't need to play fake waves!
With the support of Dong Jianhua, Lin Zuhui did not feel that he could successfully take Port Felisdu;
In fact, this port is not worth much, Lin Zuhui seems to remember that in his previous life, Li Cucumber only spent 1.1 billion Hong Kong dollars in 1991 and got 75% of the equity.
But he had to take into account some ZZ factors, as Port Felisdow is the UK's number one port, handling 1.4 million TEUs and 15.5 million tonnes of cargo last year, as well as 3.5 million passengers. The port has a sizable ro-ro and breakbulk handling facility and warehouse equipment, as well as a berth for ocean-going oil tankers.
Hutchison Whampoa can get it, that is because Hutchison Whampoa has a large proportion of British capital.
Therefore, Asian containers must also join British capital in order to have a certain competitiveness. The important thing is that when the No. 9 Kwai Chung Container Terminal and the River Trade Terminal were tendered, the economy of Hong Kong had recovered (the mainland was reopened), so the British capital is bound to also focus on this cake, will the Hong Kong government be biased?
It is unknown, but Lin Zuhui decided to let Jardine Matheson join Asia Containers.
In fact, in the previous life, Jardine Matheson did join the Asian container led by Cheng Yutong.
Mr. Lim's idea was to persuade several companies that owned 14 percent to sell their shares to Jardine Matheson. If you can't do it, you can only raise money and dilute everyone's shares.
He is not worried about the reduction of New Era Group's stake in Asian containers, and there is an opportunity to increase its shareholding when it invests in overseas and mainland container terminals in the future.
Lin Zuhui took the initiative to find Simon Keswick again, so that the head of Jardine Matheson simply loved and hated, Lin Zuhui has made a great contribution to Hongkong Land's evacuation of assets over the years, and paid tens of billions of funds on Hongkong Land, allowing Jardine to evacuate smoothly.
However, now Hongkong Land has no assets to sell, and the only possibility left is 9 Queen's Road in Central, but Hongkong Land obviously does not want to 'sell cheaply'.
9 Queen's Road is 38 storeys tall with a floor area of 358,000 square feet, and the important thing is that the location and architecture are not of the highest quality. At present, the office building is sluggish, even if Lin Zuhui has a premium of two or three percent, Hongkong still feels that it is not cost-effective.
Simon Keswick quipped: "It's all New Era Group and Lin Sheng who made a lot of money by buying real estate this time, it seems that you are very keen on this kind of investment against the market!" ”
Lin Zuhui said modestly: "It's just a little profitable, and it's not proportional to the risk." After all, the office buildings and shopping malls in Xiangjiang have not yet recovered due to the impact of this turmoil, and I don't know when they will rise sharply! But Mr. Simon rest assured, this time I am not here to ask for shopping, but to attract you to invest! ”
Simon was immediately curious, and immediately asked, "What investment?" ”
Lin Zuhui said: "As far as I know, Jardine Matheson was also an investor in Kwai Chung Container Terminal back then, but it was just the charter king who won the favor and lost this business. But in any case, I believe that the Keswick family is still optimistic about Kwai Chung Container Terminal, right? ”
Thinking of the fiasco that year, Simon Keswick showed a heart-wrenching expression on his face, but when he heard Lin Zuhui mention cooperation and Kwai Chung Pier, he was immediately interested.
"Mr. Lin doesn't want to sell 25% of Hyundai Container's equity to us, right?" After asking, Simon showed a look of surprise.
Lin Zuhui suddenly said bitterly: "If that's the case, how can I still gain a foothold in the Chinese business circle!" ”
Simon Keswick suddenly reacted, how could this person do such an offending thing for Jardine!
"What kind of cooperation is that, is it joining Asia Containers?" Simon Keswick seems to be interested in the container industry.
Lin Zuhui nodded and said, "If Mr. Simon is interested, he can join Asia Container, and he can get about 15% of the equity, and I am willing to act as an intermediary for you." ”
The current valuation of Asian containers is in the range of 8 billion ~ 10 billion, and if Jardine Matheson chooses to join, Lin Zuhui will persuade other allies to sell 15% of their shares to them.
Simon Keswick is not stupid, this door-to-door business must have a price. The first thing he thought of was that Lin Zuhui pulled Yihe in order to compete for the No. 9 Kwai Chung container in the future.
"Mr. Lin, isn't 15% of the equity a bit small, even the three shareholders are!" Simon Keswick said lightly.
Jardine Matheson did not choose to participate in Container Terminal No. 8, but it does not mean that Jardine Matheson is not optimistic about this industry, but that Jardine Matheson was too busy to take care of itself at that time; Now that someone has come to woo Jardine, it is natural to call for a little more chips.
Lin Zuhui said with a smile: "Mr. Simon, having more shares is not necessarily a good thing!" I am already preparing to acquire overseas container terminals, and Asia Container is committed to developing a global container company, and anyone who does not want to inject capital in the future will only have to dilute their shares. Therefore, if you are really optimistic about this industry, you don't have to worry about the lack of equity now, and there will be opportunities to increase your holdings in the future! ”
Such a big ambition, Simon Keswick was shocked. People outside are rumoring that Lin Zuhui has made great gains in foreign exchange, overseas securities investment, and gold, and is a real stock god; Otherwise, he personally has an inexhaustible amount of cash.
Now it seems that this person's wealth is far higher than everyone thinks. At least in the past few years, no one has been wealthy, desperately taking their own money to the company for financing, and even Li Chaoren has not done so.
"I agree to this cooperation because we are also optimistic about the container terminal industry!"
Lin Zuhui nodded, and the two chatted.
During this period, Lin Zuhui still couldn't help asking: "No. 9 Central District Avenue, is the land for sale?" ”
Simon Keswick smiled bitterly, knowing that this person was staring at the landmark, but fortunately he didn't ask about the other seven buildings in the Central District, otherwise he would have been a little angry.
"If we don't sell, the real estate market is not good now, and we have to consider the loss!"
"If it is, I will pay a premium of 50%, according to the total price of 3 billion yuan and the unit price of 8,250 yuan!"
Simon Keswick was stunned for a moment, is this person a fool? But it can't be, because the properties he bought from Hongkong Land have already made money.
"We need to think about it, and if we have the intention later, let's contact again!"
"It doesn't matter, in fact, the New Era Group doesn't have any money now, I plan to ask again at the end of the year, but I just asked today."
It can be seen that Simon Keswick is already tempted!
Lin Zuhui doesn't care, if it is paid at the end of the year, 3 billion ~ 3.2 billion is acceptable. You must know that in the previous life, after the spring of 1992, this building was sold for a sky-high price of 3.8 billion Hong Kong dollars.
He bought it in advance, not to pick up the leaks, but to start in advance. 3 billion funds, a year and a half of bank loan interest, is more than 400 million, which is still very cost-effective.
The building will be delivered in December next year, and it will still be able to earn more rent.
Lin Zuhui now plans to hold 50% of the equity in these buildings by Hengjin Real Estate, so that he can reduce the debt of the New Era Group and increase the interests of the Lin family.
This time, the equity of Asia Container has changed again, Lin Zuhui has negotiated in many ways, it doesn't matter if the minority shareholders don't sell, and he won't force others.
He just stated a few points:
First, Asian containers want to invest in the port of Felixdu in the United Kingdom, the first step into the European container terminal, which means that everyone has to pay for capital injection (part of the loan) according to the shares;
Second, as for the global development layout of Asian containers, it will be a situation where there is no return on long-term investment, and follow-up capital injection is also needed;
In the end, after many communications, the minority shareholders still chose to take a profit, because the investment was too large, and it was a long-term investment.
After the asset restructuring, New Era Group holds 28% of the shares, New World holds 26% of the shares, Sea and Land Container Transport accounts for 21% of the shares (all U.S.-owned), Jardine Matheson holds 15% of the shares, and Henderson holds 10% of the shares.
After signing the contract, everyone went to the conference room.
For Lin Zuhui's proposal to acquire Port Felisdo, everyone is very willing, and at this time, foreign investment in Asian containers has accounted for 36%, which can be regarded as having a certain competitiveness in Europe and the United States.