Chapter 395 [Hengchang Enterprise]

Monday, June 11.

Lin Zuhui came to ACN Center, and now every time he goes abroad, it is ten days and a half months, and several of its major enterprises have adapted to this situation, and there will be no 'leaderless' situation.

As long as he lives in the world, his companies will not cause chaos, confirming the words of Konosuke Matsushita, the god of management, that when the business is large, a spirit is needed to rule the company.

Undoubtedly, Lin Zuhui has become the spiritual pillar of tens of thousands of people in his company.

In the office, Lin Zuhui read the newspaper as usual, and a piece of news surprised him: Cheung Kong Group announced that the net worth of Cheung Kong reached 110 billion Hong Kong dollars. (120 billion in the same period in the previous life)

Lin Zuhui watched the news carefully, and couldn't help but sigh: "Is it still so far from Li Cucumber?" ”

However, Lin Zuhui quickly came back to his senses, although the Changshi system controlled by Li Chaoren has a net worth of 110 billion, his actual equity is not high. This is because he only controls 39% of Cheung Kong's shares, which in turn controls 45% of Hutchison Whampoa, which in turn controls 35% of HK Electric and Carlo Hong.

Holding at all levels, controlling large with small size.

Li Chaoren's own wealth is not as high as he thinks, and certainly not as low as in the newspapers.

On the other hand, Lin Zuhui's New Era Group, whose net assets are also 55 billion, has recently soared to nearly 38 billion, overpowering the limelight of all real estate companies. And his own worth naturally skyrocketed again.

The market value of New Era Group has skyrocketed, and the reason is simple, most of the real estate has rebounded to the level before the crash; The properties of the New Era Group have generated a lot of profit value.

Lin Zuhui directly controls 49% of the New Era Group, and his book wealth has surpassed that of Li Chaoren.

Soon, Asia Television, Ming Pao Group, and Giordano will all be listed in June and July, and the number of listed companies controlled by Lin Zuhui will increase again. However, Lin Zuhui will basically not be privatized again.

Lin Zuhui banged on the table, thinking about the development of the New Era Group, he still felt that the development of the New Era Group was too slow and needed a more radical way of development.

Anyway, if you understand the general trend, you can avoid disasters, so why be too steady!

"Yes, how did I forget He Shanheng's Hengchang Enterprise!" Lin Zuhui looked slightly excited, and said to himself.

He started too late, and should cherish every hard-won opportunity, if he misses out on high-quality companies and assets, then he will never be able to surpass Li Chaoren's influence.

After all, if he is just 'secretly shooting' financially, although he has high wealth, he does not have enough influence. Without influence (including the number of employees employed, regional economic influence, political connections, etc.), his wealth may become a 'child holding money through the city'.

Lin Zuhui stood up from his office, came to the center of the wide office, and paced.

The acquisition of Hengchang Enterprise requires good planning.

Hengchang Enterprise is a non-listed company, with an annual turnover of 10 billion yuan and a net profit of more than 1 billion points, and the main equity is concentrated in the hands of He Shanheng, Liang Qiuju, Lin Bingyan family, He Tian and others, and hundreds of small shareholders (accounting for very few shares).

According to Lin Zuhui's knowledge, after the outbreak of Iraq's invasion of Kuwait in August in the previous life, Lin Xiufeng (Lin Bingyan's family), Zheng Yutong, and Xu Zhantang would form a group to initiate the acquisition, but they were finally rejected because the bid was too low. Later, the consortium formed by CEFC made up for it, and finally achieved its goal.

So, he had to do it in August, or else it would be an errand that offended people.

The acquisition of Hengchang Enterprise, he is determined to win, not only to obtain a large trading company, but also to obtain a talent - Yuan Tianfan.

Yuan Tianfan only has more than half a year left in the position of chairman of the Stock Exchange, and he has no position for what to do.

Li Chaoren's Changshi is full of talents, and he may not be willing to give in.

If he is the president of Hengchang Enterprise, he will be attracted if he can't say it!

"I'm sorry, guys!" A smile appeared on the corner of Lin Zuhui's mouth.

The key to acquiring Hengchang Enterprise is to bid high!

Of course, you can't overbid too much, otherwise it won't be a good deal.

So, he needed a helper.

There was a knock on the door.

Liang Zhenxun came to Lin Zuhui's office and said respectfully: "Boss! ”

"Well, sit down first!"

After sitting down, Li Ke poured tea, and Liang Zhenxun reported his work seriously.

All aspects are expected by Lin Zuhui, after all, Lin Zuhui's brain has already planned the route for the New Era Group.

After reporting the work, Lin Zuhui said: "Next, you prepare a rights issue to raise funds, and strive to complete it this month." Ten shares for one, conservative rights issue to raise 3.8 billion! ”

Liang Zhenxun was a little surprised, the New Era Group had sufficient cash, and there were more than two billion; The debt ratio is not high, with a debt of 12 billion, and the debt ratio is just over 20%.

"The New Era Group is now highly respected, and investors are praising the boss that you are the best chairman of Xiangjiang, and the stock is estimated to skyrocket!"

It is a fact that with the development of the retail, telecommunications, port and other businesses of the New Era Group, all investors have seen a new Cheung Kong system, that is, a conglomerate of Cheung Kong Group and Hutchison Whampoa.

The important thing is that the New Era Group has made great gains in finance every year, and the name of Lin Zuhui, the 'god of stocks', has also spread.

Therefore, according to the current rally, it is possible that the market value of New Era Group will rise to 45 billion before August.

"Then hurry up and prepare, take advantage of this wave of market, raise a lot of money, and I will still issue shares in full!" Lin Zuhui said.

As long as he has a full rights issue, it is equivalent to solving half of the rights issue, and the pressure is greatly reduced.

Afternoon.

Liang Botao came to his office, and Lin Zuhui accompanied him to drink tea on the sofa.

"I've heard you're as popular in the UK as a Hollywood star!" Liang Botao said with a smile. Of course, he knows the reason for this great popularity, wealth is an important reason, and the other reason is that it is too legendary - at the age of 25, he became the second richest man in China from scratch.

Lin Zuhui joked to himself: "They didn't give me any preferential treatment, it can be seen that the British just fancy my money!" ”

Liang Botao, who sees very clearly that the economy of Europe and the United States has not been good in the past two years, naturally hopes that the Chinese will invest.

Getting back to the point, Lin Zuhui said: "I want to acquire Hengchang Enterprise!" ”

Liang Botao was taken aback, pondered for a moment and said: "To acquire Hengchang Enterprise, it is best that He Shanheng intends to put it on the market, although he holds only 30% of the shares, after all, he has a high prestige in Hong Kong, and there are many people who promote it. ”

He Shanheng is 90 years old this year and is still the chairman of the board of directors of Hengchang Enterprise. He became famous very early, and in the late forties, the big dealer of gold speculation in Xiangjiang was He Shanheng. Later, he founded Hang Seng Bank with Lin Bingyan, He Tian and others. He Shanheng supports many people, it can be said that Zheng Yutong is the benefactor, and Lee Shau Kee is also supported by Hang Seng Bank, and his connections are naturally powerful.

Lin Zuhui also knew that He Shanheng intended to put the market on the market, and after the collapse last year, Xiangjiang's trade was affected, and Hengchang enterprises were mainly engaged in automobile, grain and oil trade. In particular, if the 'Iraqi invasion of Kuwait' broke out, Hengchang enterprises need to consider the possibility of high oil prices and the possibility that cars cannot be sold.

Lin Zuhui said: "Naturally, it is a bona fide acquisition, and it is not a listed company, so the operation is not large. He Shanheng really can't be offended, so I called you here to collect information first, and then we will discuss the specific acquisition plan. ”

Liang Botao nodded and said, "I'll prepare the materials for you right away!" ”

Three days later.

Lin Zuhui got the information collected by Liang Botao, and he is worthy of being the most famous investment banker in Hong Kong. In fact, if there is an important shareholder of a company in the market who intends to put it on the market, the first people to know are generally securities companies and investment bankers, who not only know about the affairs of Xiangjiang, but also are very well-informed about overseas news.

Although Hengjin Investment is also a financial company, because it is a private company, it basically does not have many partners, so it is still far less informed than companies like Sun Hung Kai and Peregrine.

Seeing the information about 'Hengchang Enterprise', Lin Zuhui's eyes became hot.

[In 1946, He Shanheng, Liang Qiuju, He Tian, Lin Bingyan and others established Dachang Trading Company, which was the predecessor of Hengchang Enterprise. After decades of development, Dah Chong Hong has become a large-scale comprehensive trading company in Hong Kong.

Hengchang Enterprises is the holding company of Dachang, and neither Hengchang nor Dachang are listed, but they are in no way inferior in scale and profitability to blue-chip companies.

In addition to the traditional grain and oil trade, Dachang also acts as an agent for Shiseido cosmetics; Acting as an agent for several brands of home appliances and audio, such as Golden Throat, Blue Treasure, Golden Medal, Fuji, TEAC First Audio, etc.; distribution of ceramic tiles, marble, cement, hardware, sanitary ware, kitchen cabinets and other building materials; Acting as an agent for Honda, Nissan, Dabaoli, Isuzu and other Nissan brand-name cars; It has a number of subsidiaries such as Taiping Advertising, Shiya Western Clothing, Dachang Warehouse, Dachang Truck Fleet, Dachang Automobile Service (Maintenance) Center, and Lisi Automobile Engineering.

DCH Trading is most notable for its automobile trading, which owns 7 auto dealerships, accounting for about 40% of Hong Kong's automobile sales. DCH also owns a number of properties, including the Hengchang Building in Queen's Road Central, which is valued at more than $900 million. In 1989, DCH had a turnover of HK$10.01 billion and a net profit of HK$1.022 billion. Compared with the year-on-year earnings of 35 HSI constituent stocks (blue chips), DCH ranked 20th, behind New World Development (HK$1.18 billion) at 19th.

If DCH or Hengchang are listed, their market capitalization and earnings can be among the top 20 listed companies and become blue chips. 】

[Hengchang's major shareholder is the founder of Hengchang, according to market estimates, the shares they directly and indirectly control are: He Shanheng accounts for 30%, Liang Qiuju 25%, Lin Bingyan's family 20%, He Tian 15%, and Li Guowei holds nearly 1%. There are as many as 500 minority shareholders, all of whom are ceded by the company's main authorities to relatives, friends and colleagues, with the nature of "gifts". Hengchang Enterprises holds Dah Chong Hong, and Hengchang Enterprises has 21 million shares (unlisted). 】

in the office.

Lin Zuhui said to Liang Botao: "It's a pity that I don't know how much cash flow is on Hengchang Enterprise's account? ”

There is no debt, the annual net profit is so high, there must be more than 1 billion cash on the account, this is Lin Zuhui's guess. Because the shares are not owned by one person, and the dividends also need to be businesslike, it is impossible to leave no cash in the account.

Liang Botao said: "There is no way to know the cash on the account, but I know that Hengchang Enterprise has some shares of Hang Seng Bank. All along, HSBC has been deliberately trying to weaken the shareholding of Hang Seng Bank's veterans, and I believe that HSBC will be willing to lend us money knowing that we have acquired Hengchang Enterprise. ”

Lin Zuhui nodded, Hang Seng Bank was HSBC's biggest opponent back then, but it was run by the bank and HSBC took 51% of the equity. Of course, it was a bona fide acquisition, with only four directors and no interference with the management of Hang Seng Bank. However, in order to eliminate the possibility of the Hang Seng veteran regaining, HSBC increased its stake to 61%, and a rift arose between the two sides.

Although HSBC controls 61%, it still wants to weaken the equity of the Hang Seng veteran, after all, he is also a shareholder.

"Don't worry about the funds, the New Era Group and I personally have sufficient cash, as long as the conditions are negotiated, some banks are willing to lend part of the funds." Lin Zuhui said calmly.

Liang Botao was not surprised, he guessed that Lin Zuhui's personal wealth must be very rich,

"Hengchang Enterprise has 21 million shares, and I propose to bid 270 yuan per share, involving 5.67 billion yuan!" Liang Botao said.

If Lin Zuhui was not a traveler, he would definitely agree to this suggestion. But he knew that this price would never be acquired, but would cause He Shanheng to be dissatisfied.

Although he didn't remember what price CEFC bought in his previous life, he also knew that it must have been more than 300 yuan. Moreover, Hengchang Bank has an annual profit of more than 1 billion, and if it is reopened, the profit will be higher immediately.

The important thing is that if Hengchang Hong is taken, Lin Zuhui is equivalent to having a large trading company. The development of the Chinese medicine port is to need trade talents to go to Europe and the United States to sell.

Therefore, Lin Zuhui said resolutely: "No, this price is not tempting!" With that, he thought again.

He felt that he only had one chance, and the bid must not give Zheng Yutong, Rong Gongzi and others a chance. Because he is not familiar with He Shanheng, he must impress him with a high price. Once other consortia are given room to bid, Lin Zuhui will become passive.

Moreover, a high-priced acquisition is a bona fide acquisition, and it will never offend people.

Hengchang Enterprise has an annual profit of 1 billion yuan, and owns dozens of properties overseas and in Hong Kong, with an estimated value of billions, as well as that huge trading business.

"HK$310 per share! This quote will do! Lin Zuhui said resolutely.

Liang Botao was taken aback and said: "6.5 billion funds!" ”

Lin Zuhui nodded and said, "Not bad! Even if it is an offer, there is still a lot of room for negotiation, but it does not give room for possible participation in the consortium. I think it's worth it! ”

Not to talk about the large number of property assets of Hengchang Enterprise, just talk about its trading business, once it is reopened, he will also return to the capital in five or six years at most. The important thing is that Hengchang Enterprise involves his two layouts, plus Zheng Yutong and Rong Gongzi are eyeing each other.

"Okay, I'll prepare the information immediately, and then we'll go straight to Hengchang Enterprise!" Liang Botao also believes in Lin Zuhui's vision, because Lin Zuhui has never bought expensive.

After last year's plunge, Hong Kong's trade was affected, and the 90-year-old Ho Sin Heng, who is chairman of Hengchang Enterprises and a major shareholder of Dachang, came out of retirement. In traditional Chinese families, it is natural for a son to inherit his father's business. Ho Sin Hang has 13 children, none of whom have any intention of inheriting their father's business, and the eldest son, Ho Tseng, is past retirement age and is ready to move to Canada, even in Hong Kong.

Liang Qiuju is the deputy executive chairman of Dachang and the general manager of Hengchang. The Liang family has no children, has lost his wife in recent years, and is in a state of prosper. Liang is also 88 years old and hopes to enjoy his old age.

He Tian is even more keen to put on the plate and live a good life with cash.

In addition to the above three major shareholders, Hengchang Enterprise also has a major shareholder - Lin Bingyan family, accounting for 20% of the shares.

Lam Bingyan was a wealthy businessman from Shanghai who came to Hong Kong for development, and he did not dislike Ho Shanheng, who was frustrated at that time, and in 1933, he co-founded Hang Seng Silver with Ho Shanheng, Leung Zhiwei and Sheng Chunlin. Lin Bingyan took the lead, and the other three assisted. In 1949, Hang Seng Silver had become a major silver account in Hong Kong, but Lam Ping-yan died in this year. It was then headed by Ho Sin Hang and the bank was officially renamed Hang Seng Bank in early 1960. He Shanheng thanked Brother Bing for his great kindness, took great care of Brother Bing's son, Lin Xiufeng, and accepted him as a friend.

In 1978, Lin Xiurong and Lin Xiufeng participated in the investment and operation of Jiayi TV, which was heavily in debt and was forced to stop broadcasting; In 1981, the Lin brothers were prosecuted by the government for their involvement in the sale and purchase of the Bank of America Building. The Lin brothers were in danger several times, and they all had to be pulled by He Shanheng. Ho Shanheng once said in public: "As long as I have one day, I will not let Brother Bing's descendants fall into difficulties." ”

Although the Lin brothers have the support of this Hong Kong business tycoon, the vicissitudes of time, the Lin family has long been no longer beautiful.

Lin Xiufeng has a close relationship with the He family and often moves around. He Shanheng intended to put it on the market, and he naturally felt it, so his heart was hot, and the Lin family was in the middle of the road, and he was looking forward to a large company to support ZTE.

However, He Shanheng intentionally or unintentionally put the plate on the plate, he must figure it out, otherwise he will easily become a villain in the market who will take revenge, after all, Uncle Shi is kind to his brothers.

As a result, Lin Xiufeng went to He's house more frequently, and finally heard the true news of Uncle Shi's listing.

However, with the financial resources of the Lin family, they can't nibble on this behemoth no matter what. He thought of Zheng Yutong, a business tycoon, and with the special relationship between Zheng and Ho Shanheng, it was easy to get Ho Shanheng's support for the agreement acquisition.

His family owns 20% of the shares, and as long as he gets the right to act as a car agent, he doesn't want overseas properties, grain and oil businesses, etc., and the Lin family does not need to pay cash.

Bone remanipulation!