After finishing the investigation of Jiangcheng, Lin Zuhui returned to Xiangjiang and did not go to Zhejiang Province to inspect Qiandao Lake.

Nongfu Spring is an investment plan for the second half of the year or early next year, and there is no need to worry, because first of all, the domestic mineral water market is not yet mature, and secondly, Zhong Shoufu Fufu launched Nongfu Spring in 1996 in his previous life, so there is plenty of time.

Wednesday, April 8.

Xiangjiang, ACN Center.

Lin Zuhui was in his office, thinking seriously about the problem.

Today, the family's investment advisor sent back a message from the Americas, which made him smell the smell of 'money'.

The news is that the Canadian 'Olympia & York Company,' which is known in the international financial circles for its high reputation and sound business style, announced yesterday that it would ask 91 major commercial banks to postpone the repayment of their debts of more than $10 billion and to grant new huge loans in order to tide over the difficulties. As soon as the news broke, it immediately caused panic and uneasiness among creditors.

According to this news, Lin Zuhui knows that the time for commercial real estate in Europe and the United States to buy the bottom is coming soon.

There is absolutely no bank to lend money to Olympia & York, which is expected to have to file for 'bankruptcy protection' in May.

The so-called 'bankruptcy protection' means that regardless of whether the debtor is solvent or not, when the debtor voluntarily submits a bankruptcy reorganization application to the court or the creditor compulsorily submits a bankruptcy reorganization application to the court, the debtor proposes a bankruptcy reorganization plan to make arrangements for the duration and manner of debt repayment and the possible derogation of the interests of certain creditors and shareholders. This plan should be given a certain amount of time to be proposed, and then after the creditors approve it and the court confirms it, the debtor can continue to operate. This is the concept of reorganization, also known as bankruptcy protection in Chinese.

However, with so many banks involved, this bankruptcy protection will not pass, and Olympia & York is left with only one way to go bankrupt.

Historically, this company declared bankruptcy at the end of the year.

Olympia & York, owned by the Canadian billionaire Paul Richman family, owns numerous office towers and high-rise buildings in the United States, the United Kingdom and Canada. Commercial real estate in New York City alone is the size of eight Empire State Building, and it is this company that is currently developing the famous Canary Wharf financial CBD in London (Wall Street in Europe).

The 2% of the real estate tax of the New York municipal government is provided by this company, which has total assets of about $20 billion, and because it is not publicly listed, it has long been the leader of the world's private real estate companies.

The boom and bust of the economy is often reflected in the state of the real estate industry, when the economy booms, there are cranes, hard-shelled hats, and workers sweating on construction sites...... Boom and rumble, and in recession, it's full of empty office buildings, and auction posters hang outside.

At this time, the new high-rise complex could not find a tenant, the landlord did not take anyone, and the consequences followed, not only did the construction workers lose their jobs, but the demand for cement, masonry, steel and glass fell sharply, and the banking industry was quickly implicated.

In recent years, the economy of the West has been forced to stagnate. Plagued by this, the United States, Canada, the United Kingdom, Japan and other countries have a surplus of commercial real estate, land prices have plummeted, and the commercial real estate market has collapsed one after another.

Famous American real estate kings such as Nader Trupp and John Portman have been forced to sell their real estate to pay off their debts.

Generally speaking, the vacant area of an office building is a barometer of the rise and fall of the commercial real estate industry. The current vacant area of office buildings in the United States is unprecedented in history, with almost 1 square meter for every 5 square meters of area being vacant.

Normally, if a building reaches 17% occupancy, the homeowner suffers a loss. However, in 1991, the average vacancy rate of office buildings in Los Angeles was as high as 25.2%, and the vacancy rate of buildings in Houston, Chicago, and New York City's commercial districts was also around 20%.

So, of course, no one wants to buy those skyscrapers, the decline of the real estate industry is inevitable, and the unemployment of workers increases.

Here comes the signal!

What should I do?

Lin Zuhui has always wanted to be the overlord of the world's commercial real estate, and now is the opportunity, and it is also the best opportunity to buy the bottom.

He called Liang Zhenxun and planned to make financial arrangements, this kind of commercial real estate investment must be based on the New Era Group as the flagship, and personal funds can also be appropriately involved.

No matter how high the rate of return on real estate is, it is not as profitable as speculating in gold at the end of the year.

Lin Zuhui knows that in September this year, Soros shorted a large amount of pounds. The pound depreciated all the way, and even though the British government used a lot of foreign exchange reserves to defend the pound, it eventually failed miserably and was forced to withdraw from the European exchange rate system. Soros became the biggest winner, earning nearly $1 billion.

After Britain withdrew from the European exchange mechanism, gold soared in 1993, rising by nearly 30%.

To do gold futures, there must be high leverage, if you have 20 times the leverage, you can get six times the profit. As long as the amount of funds is sufficient, the risk of leverage is small enough, for example, if he invests 2 billion Hong Kong dollars, he may have 6 billion reserves to make up the position at any time.

"Boss!" Liang Zhenxun walked in and greeted respectfully.

Lin Zuhui nodded and motioned for him to sit down.

"Later this month, we will arrange a rights issue to raise funds of 3 billion; Re-issue convertible bonds to raise $2 billion. Strive to complete the raising of 5 billion yuan in April and May. ”

"The boss is planning to invest in commercial real estate in New York?"

Lin Zuhui nodded and said: "People abandon me, Canada's largest commercial real estate company, Olympia York Company, is currently on the verge of bankruptcy. It shows that office buildings in Europe and the United States have almost fallen to a low point. And our New Era Group is now fully funded, the profits are rolling, and the situation is very good; In addition, Xiangjiang is too small, and our development only needs to be step-by-step, and we will be firmly in the first real estate group. ”

Liang Zhenxun said worriedly: "However, the rate of return in Europe and the United States has always been very poor, and you are now preparing to enter the mainland." ”

Lin Zuhui likes this kind of question and advice from his subordinates, although he will not listen.

"The poor rate of return is because there is no bottom! In recent years, office buildings in Europe and the United States have fallen like this, I don't believe that Europe and the United States are so developed in technology, will office buildings fall to the price of cabbage? ”

"It can't be! In any country with a stable political situation and a small real estate bubble, investing in real estate must be profitable. But how much does the boss plan to invest? ”

Lin Zuhui thought for a while and said: "This must depend on the situation, you are right, if I can't buy a bargain, I will definitely not invest." ”

He did know the direction of Buffett's real estate investment in his previous life, and that was the only time he invested in real estate, and he emphasized that he only invested in properties around New York University City.

And Lin Zuhui actually has an idea, that is, whether he can buy part of the 16 million square foot building of Olympia York Company in New York.

The future is, it's cheap enough!

Anyway, I'm going to have to get ready for a trip to New York!

"Okay, I'm going to raise money right away. However, we now have more than 6 billion cash on our books, which is very rich. ”

"It doesn't hurt to raise a little more, I have prepared 15~2 billion funds to subscribe for stocks and bonds, just do it!"

Liang Zhenxun was surprised in his heart, how much money did this boss make!

7.5 billion Hong Kong dollars were spent on the bank alone, and the annual rights issue is also billions of billions, which is incredible.

"Okay!"

(End of chapter)