Beginning of mid-May.

On Monday morning, Lin Zuhui's office welcomed a guest, He Tian, who had met him through the previous acquisition of Hengchang Enterprise.

At that time, Lin Zuhui's acquisition of Hengchang Enterprise was with great goodwill, and he did not force people too much from beginning to end, and the premium was very high, which was a goodwill acquisition. is the rectification in the back, Lin Zuhui also personally visited the three elders of Hengsheng to explain the reason, it can be said that he has done full of etiquette.

Lin Zuhui accompanied He Tian, who was in his eighties, to drink tea, and said unhurriedly: "Old He, you have nothing to do but go to the Three Treasures Palace!" ”

He Tian put down the teacup and said with a smile: "Then Lin Sheng guess, I have something to do, what should it be?" ”

He knew Lin Zuhui's skills, and when he acquired Hengchang Enterprise, although it was a goodwill acquisition, he couldn't stand Lin Zuhui's accurate grasp of the general trend at that time.

The three elders of Hengchang all thought that the 'oil crisis' was about to break out, which would affect car sales, and in addition, the trade in the mainland was not easy to do at that time.

Who knows, it has only been less than two years, and the situation has changed dramatically; Not only is the trade of automobiles, grain and oil booming, but even the value of real estate has appreciated to varying degrees.

Of course, this is someone else's real ability, and everyone has no regrets!

Lin Zuhui thought for a while, and then said tentatively: "The matter of Miramar Hotel? ”

Although Miramar Hotel is the property of Yang Zhiyun's family, after Yang Zhiyun's death, He Tian was the chairman of the board of directors.

However, He Tian, He Shanheng and others only hold a small number of shares, and the Yang Zhiyun family should be around 34%.

He Tian said in surprise: "Lin Sheng is worthy of being the fastest rising rich man, just this ability to check people's colors is extraordinary!" ”

Lin Zuhui hurriedly humbled himself, and then said: "If it is really a matter of Miramar Group, as far as I know, the Yang family, the major shareholder, accounts for about 34% of the shares, I am afraid that I will not be able to be that wicked person and take away other people's property!" ”

Since the 90s, New Era Group has not had a hostile takeover, after all, Lin Zuhui also needs fame. Growth is needed at the beginning, so it is inevitable to achieve rapid growth through acquisitions.

Now, Lin Zuhui is the 'Chinese chief D' of Xiangjiang, and there is no need to make a hostile takeover of Miramar Hotel.

He Tian was a little surprised, but soon relieved that others had indeed not made hostile acquisitions for a long time.

"Although, I came to you, representing a few small shareholders. However, the Yang family is not a voice, except for the eldest Yang Bingzheng, who wants to continue to stay in the Miramar Hotel, the rest of the brothers are advocating selling their shares and immigrating to the United States. ”

Yang Zhiyun has a total of five sons, counted as Yang Bingzheng, Yang Bingxian, Yang Bingjian, Yang Binggang and Yang Bingliang. After Yang Zhiyun's death, the eldest son managed the Miramar Hotel, and the other four brothers all developed their own ways.

Through the Yang Zhiyun family and Guo Desheng family, Lin Zuhui understands that he must not let his brothers participate in the company's operation together, otherwise sooner or later one day people will have an opportunity.

Of course, this is also because Yang Zhiyun's family is not rich enough, so the heirs hope to sell their property to get a better life.

As for the internal strife in Guo Desheng's family, he did not give up the family business.

Lin Zuhui pondered for a moment and said, "If that's the case, I'll think about it!" In short, if I really want to buy, I will do so with the greatest goodwill! ”

When He Tian heard this, he said, "Then wait for Lin Sheng's good news!" ”

Lin Zuhui smiled and nodded, and then sent He Tian away.

After He Tian left, Lin Zuhui pondered, he didn't think of buying Miramar Hotel at all. But now, he's thinking about it seriously.

Miramar Hotel is one of the three blue-chip companies in Hong Kong, and its properties are very lucrative.

The properties under its name are mainly the Miramar Hotel operated by Nathan Road and the Miramar Plaza used by Campari Road for rent collection; The former is 36,000 square feet and the latter is 86,000 square feet, with a total floor area of about 1.6 million square feet.

In addition, there is the joint operation and management rights of Nanhai Hotel in Shekou, and the business under the name of Knutsford Terrace and Tsui Hengtun Restaurant in Hong Kong.

The rent-collecting properties on Nathan Road in Sha Tsui in Tsim Sha Tsui will be worth $15 billion (ideal) after more than a year.

Today, Miramar has a share price of 12.5 yuan per share (500 million shares) and a warrant of 6 yuan per share (120 million shares).

If you take a goodwill acquisition posture and buy at a premium of more than 30%, the temptation is still very large (generally this level).

However, Lin Zuhui himself has no relationship with Yang Bingzheng, and Yang Zhiyun's family has a very good relationship with Lee Shau Kee and Zheng Yutong.

Moreover, even if Yang Zhiyun resists, Lin Zuhui will not make a hostile takeover, he cares about his reputation in Xiangjiang.

There are no fathers and sons in the mall, and naturally there are no friends! In his previous life, after Li Chaoren proposed to acquire Miramar Hotel, Lee Shau Kee still chose to join, that was because Yang Bingzheng took the initiative to find Lee Shau Kee, and there was righteousness first; And Lee Shau Kee's affection for his friend Yang Zhiyun, coupled with the considerable assets of Miramar Hotel, naturally joined the competition.

Lin Zuhui began to analyze his advantages:

First of all, if it is acquired at a price of 17 Hong Kong dollars, it is equivalent to a premium of 30% and 6, which can be described as full of goodwill. At this price, there will hardly be an opponent, and the current funds of Lee Shau Kee and others are not enough to join the auction. And with Li Chaoren's temperament, he will not give this price.

Secondly, since Yang Bingzheng still wants to guard his ancestral business, then continue to let him manage, there is no need to drive others away. He is the general manager and the chairman of the board of directors, so he can cooperate and discuss.

Lam Cho-fai's acquisition of Miramar Hotel aims to enter the mid-range hotel (three or four-star) hotels in the mainland (with a fast return on investment, a faster return on investment in five or six years), as well as high-quality properties in Miramar Hotel and Miramar Place in Tsim Sha Tsui.

Yang Zhiyun's life span is not long, and as soon as he dies, he will let his people sit in the position of general manager.

Thinking of this, he decided to give it a try! But he won't have to buy it, the price of 17 yuan is the highest, after all, this price is almost a year later.

He approached Liang Jinxun and asked, "How is the acquisition of Microsoft shares?" ”

Liang Zhenxun replied seriously: "I have been paying attention every day, and I have already purchased a little more than 0.5%, and I can buy all of them this month!" ”

Investments in U.S. real estate and securities are done through a subsidiary, 'Futura Properties', which has been operating in U.S. real estate and investment for more than a decade.

Lin Zuhui nodded with satisfaction and said, "Well, make long-term investments, so don't cause too much movement about the funds on the account?" ”

Although it needs to pay 2 billion Hong Kong dollars to buy Microsoft shares, after all, it has just sold two buildings to Swire Properties, returning 1.6 billion yuan.

Liang Zhenxun said: "The liquidity of 11.5 billion yuan is very sufficient. Even if 3 billion is set aside for the start-up capital of the project in the mainland, it is still very sufficient! ”

Lou profits are rolling in, so that the cash flow of the New Era Group is unmatched.

Hengchang Holdings, the current profit can reach more than 1.8 billion per year, which is also very powerful.

Lin Zuhui said: "I plan to acquire Miramar Hotel, which will require about 3 billion funds, you can prepare!" ”

Liang Zhenxun showed a hint of joy on his face, Miramar Hotel is a high-quality asset!

"Okay, I'll get ready right away!"

The market 'suddenly' broke out that New Era Group intended to acquire Miramar Hotel, and all parties paid attention to it for a while. The media even exposed that he was the director of Miramar Hotel and invited Lin Zuhui to acquire Miramar Hotel.

Miramar Hotel can be said to be the ancestral business of the Yang family, but the founders are a group of foreign priests. In the early 50s of the 20th century, there was a church inn in Tsim Sha Tsui, Kowloon, which housed the clergy of expelled mainland churches.

In 1957, Yang Zhiyun, a businessman from Zhongshan, bought this small hotel by chance. By the 70s, Miramar was a first-class hotel with over 1,000 rooms.

In the early 80s, Jianing and Hongkong Land jointly purchased the Miramar wing (86,000 square feet) at a price of $2.8 billion, which caused a sensation in Hong Kong. Later, Jianing went bankrupt and Hongkong Land was heavily indebted, resulting in the failure of the transaction, and the two parties went to court, which once again caused a sensation in Hong Kong.

In 1985, Yang Zhiyun passed away, and his son inherited his father's business, and Miramar is still thriving. By 1989, Hong Kong's tourism industry was in an unprecedented depression, and the occupancy rate had not exceeded 50% by 1991. The Yang brothers were criticized by the shareholders, and the group's veteran He Tian became the chairman of the Miramar Group.

In March 1992, Hong Kong's tourism industry was booming, but the contradictions between the major shareholders did not dissolve. Moreover, the Yang brothers are not as united as a copper plate, the eldest brother Yang Bingzheng resolutely does not give up the ancestral business, while his younger brother Yang Liang advocates investing in the United States for development. This is a God-given opportunity for the "invasion" of foreign powers.

The strength of the external power, the first to recommend Lin Zuhui, the richest man in Hong Kong, with the financial resources of the New Era Group, wants to get Miramar, like catching a turtle in an urn.

A financial commentator said: "There is no one in Hong Kong who can match it!" ”

In the market, it is even said: "Miramar is dead." ”

New Era Group acted quickly, because it was worried that Yang Bingzheng would go to Lee Shau Kee for help, so he soon called Yang Bingzheng and Mrs. Yang (Yang Zhiyun's wife) on behalf of Liang Botao, the financial adviser of New Era Group

On the phone, Liang Botao said three acquisition conditions:

First, 17 yuan per share of common shares (a premium of 3 into 6), such as 8.5 yuan for equity warrants, non-general acquisition, target 34.5%.

Second, after the acquisition, Yang Bingzheng was still recognized as the general manager and managed the business of Miramar Hotels.

Thirdly, Miramar Hotel will not peel off the skin, but New Era Group will support the development of Miramar Hotel in the mainland and build a large-scale hotel brand.

Miramar Hotel.

Mrs. Yang summoned Yang Bingzheng, Yang Bingliang, Yang Bingxian, Yang Bingjian, and Yang Binggang to discuss.

After Mrs. Yang told the conditions of the New Era Group, the four brothers Yang Bingliang, Yang Bingxian, Yang Bingjian, and Yang Binggang were all happy.

The second Yang Bingliang said directly: "The conditions are very superior, the premium is more than 30%, and he is worthy of being the richest man in China, and he does not drag his feet in the slightest." Others also let the boss continue to be the general manager, which can be described as full of kindness. The Miramar Hotel is also very beneficial to the long-term development of the New Era Group, just look at the big hotel. ”

Since the mid-80s, Yang Bingliang has managed the Yang family's real estate companies in the United States in San Francisco and New York, and is the backbone of the Yang family's relocation faction that advocates the sale of Miramar.

This person is still a romantic person, and has fallen in love with supermodels Zhang Tianai, Zhen Ni, and Ye Qianwen, and is still unmarried at the age of 35.

The rest of the brothers agreed, but Yang Bingzheng said: "I also want my younger brothers to take the money to develop their own careers, and I don't want to divide our brothers' feelings because of the drag of the ancestral industry." But if you want to sell, the fourth uncle may be a better choice, after all, we are not familiar with Lin Zuhui, and we may not be at ease to cooperate. ”

Yang Bingliang said: "Although it is good to cooperate with the fourth uncle, he may not be willing to buy so much at a premium. As for the cooperation is not at ease, others even the Kadoorie family have cooperated well, so what are we not worried about. The most important thing is that Miramar is more optimistic about the prospect of development, and I am still more optimistic about the enterprising New Era Group. ”

The rest of the brothers only think about selling assets, and they care who the object is, so they also think that the New Era Group is more suitable!

Only Mrs. Yang was worried about friendship and agreed with her eldest son's words.

"The shares that the Yang family wants to sell should be the one with the highest price, but our situation is special, because the fourth brother and the late husband are good friends, and the late husband has always been a director of Henderson Land when he was alive, with this relationship, even if the purchase price is the same, I will sell it to the fourth brother without consideration." ”

"Boss, you go and ask your fourth uncle's opinion, if he has the same conditions, we will consider him. Even if it's 16.8 Hong Kong dollars, if he wants to, he will consider him. However, in order to avoid offending people, you must keep your dealings with the fourth brother confidential. ”

Yang Bingzheng nodded!

(End of chapter)