Cheung Kong Asset Group.

Lin Zhichao had a meeting with the Big Three in his office, and he said: "We want to take advantage of the fact that the stock is now sought after and issue 500,000 new shares to raise about 50 million Hong Kong dollars." Then the land at Ford Plaza will be bought, and the insufficient funds will be paid in installments. ”

After an advertisement by Cheung Kong Group, coupled with the market value of more than 6 billion yuan in Hongkong Land, the shares of Cheung Kong Asset Group were also immediately sought after. The issuance of new shares at this time is bound to be very popular.

Therefore, Lin Zhichao intends to continue to open the 'stock printing press' to buy the assets in his personal hands and strengthen the strength of Cheung Kong Group.

Zhou Fuzhao nodded and said, "No problem!" Now Hong Kong citizens have gone crazy, as long as there are stocks, they will buy them, thinking that junk stocks will rise (rise), salted fish will also be reborn (reborn), and they will make money (earning) by buying any stock. The market is so good, and the stock of our Cheung Kong Group is a star stock, which must be very popular. ”

Lin Zhichao said: "Then cooperate with the company as soon as possible to issue new shares." ”

Listed in June, excluding listed new shares, only the latter new shares have issued 1.39 million shares; The new shares were issued in tranches and then exchanged for new shares from other property companies, totaling a little over HK$100 million at the price at the time of issue. Now, these new shares exchanged have naturally appreciated a lot.

The issuance of 500,000 new shares this time is to raise pure cash, mainly to purchase the 41,500 square feet of land in Raffles City (a piece of the former naval dockyard site), with a value of about 115 million Hong Kong dollars (the plot ratio is not high).

"Good"

Next, Lin Zhichao said: "The stock speculation of colleagues in the company is more serious, and it is worth being vigilant!" ”

Huang Changhong said with a wry smile: "Everywhere I go now, I am discussing stock speculation, and many people in the company are indeed speculating in stocks, and we have also carried out various propaganda - telling everyone not to speculate in debt and stocks, and not to blindly speculate in stocks." However, I am afraid that the effect is not obvious, and there are even very few employees who plan to resign and speculate in stocks. ”

The office building of Cheung Kong Asset Group has posted a lot of advice, but it seems that everyone ignores it at all. This month, HSBC Chairman Sundash came out to warn, and the result was good the next day, but it returned to the ranks of the big rise on the third day.

As a leader of Hong Kong's financial sector, Sandas's public appeals have been to no avail, which shows that the market has been completely blinded. As a leader in the business community, Lin Zhichao will inevitably stand up and warn everyone later.

However, this kind of offending thing must be talked about at a critical moment, and it is best to talk about it in January next year.

Lin Zhichao could only say: "Then so be it!" Excessive preaching, on the contrary, everyone thinks that we delay them to make money, and if I see that the situation is not right, I will strengthen publicity within the company. For now, the market can hold on for some time. ”

Huang Changhong said: "Well, in fact, what we have done still has a certain effect, at least many people understand the true meaning of stock market investment." Boss, you used the cases of Warren Buffett and Cai Zhiyong on Wall Street in the United States, which also made everyone refreshed. ”

Lin Zhichao did do some things in the company, defining stock investment as 'value investment', and taking advantage of the trend to warn everyone not to 'invest in debt', and to 'do what they can';

After the meeting was dispersed.

Lin Zhichao continued to think in the office, the issuance of 500,000 shares to raise less than 50 million, early next year will have to issue another new shares (London stock market) in February, and strive to raise 100 million in cash. Coupled with the appreciation of more than 200 million yuan in the value of the new shares exchanged, there will be more than 300 million cash flow at that time.

The profit in 1972 was expected to be 150 million, better than initially expected, mainly because real estate continued to rise with the stock market.

This is called real power!

Even if the money for the residential and commercial land of Victoria Harbour Property is fully paid, there will still be more than 200 million cash flow. In addition, in 1973, real estate will not have much impact, so Cheung Kong Group's cash flow is more sufficient.

Sufficient cash can ensure that in the event of an oil crisis, a series of bottom-buying activities can be carried out.

End of November.

The 'cattle war' ended, and Hongkong Land won a big victory.

Hongkong Land's acquisition of Dairy Farm came at a time when the real estate industry was booming, and blue-chip stocks (Hang Seng Index constituent stocks) were quiet, and Hongkong Land stocks were the star stocks among blue-chip stocks. In contrast, the operation of milk is more than stable, but the progress is insufficient, the idle land property is not fully developed, and only some land has been sold cheaply; Shareholders have complained about this approach.

Because of this, almost 80% of the public shares of the dairy company were taken by Hongkong Land; Moreover, Hongkong Land did not come up with a penny of cash, and only needed to start the machine that printed the shares to complete the acquisition.

This incident not only affected the prosperity of the stock market, but also opened the prelude to the acquisition war in the Hong Kong stock market. Jardine Matheson never thought that it was they who started the prelude to the hostile takeover, and the biggest victim of the hostile takeover in the future will also be the Jardine Group.

Since then, Hong Kong's takeover wars have continued, with both warring sides learning from the bull-buying wars. The problems exposed by this takeover war have also attracted the attention of the Hong Kong government and regulators, so future acquisitions will no longer be a copy of this acquisition, and will continue to innovate and colorful.

this day.

Lin Zhichao came to the Cheung Kong Industrial Park in Tsuen Wan and inspected the factory before returning to the office.

Today, the Yangtze River Industrial Group, with more than 20,000 workers, has become a well-known light industry group in the world; CK Industries Group has single-handedly supported Hong Kong's world dominance in toys and changed the world's perception of Hong Kong's 'copycat toy factory'.

Rubik's Cube, Transformers, Barbie dolls and other toys all have the shadow of the Yangtze River Toy Factory; Among them, the Rubik's Cube and Transformers were developed and created by the Yangtze River Toy Factory.

"Manager Wang, you arrange the Yangtze River trade, import a large number of petroleum-derived materials such as plastics, and then reserve them, the more the better." Lin Zhichao called Wang Liang and arranged.

Wang Liang is 60 years old this year and has not yet retired, and Lin Zhichao plans to keep him until he retires at the age of 65 and continue to serve as a consultant to the Cheung Kong Industrial Group.

"That would require a large warehouse, and Cheung Kong Industrial Group is now busy with production, and it is difficult to find a large enough warehouse in the park. The Tseung Kwan O smelter should be able to store a lot. How much does the boss want to save? ”

Lin Zhichao thought for a while and said: "Look at it, I can only tell you that the situation in the Middle East is unstable, and the price of oil is going to rise, so these raw materials will also rise." In addition, we also reserve some raw materials for the plastic flower industry, anyway, we have sufficient funds. In other words, this thing should not be rushed into the stock all at once, which makes it easy to cause the rise of raw materials, you look at it, anyway, this thing may not happen, or it will happen immediately. ”

Wang Liang immediately understood and said, "Okay, I understand what the boss meant!" ”

If you don't understand it anymore, the boss should scold him for being a fool.

The boss's meaning is very clear, this is a kind of prediction, of course, he thinks that the boss will not be wrong, after all, the boss, as the king of the ship, knows the situation in the Middle East very well. So what he needs to do is to keep a large amount of raw materials in stock, not to raise prices, but also to reserve as much as possible.

Then, Lin Zhichao said: "I want to set up a team to develop arcade games, you should first communicate with the senior management of Meidi Electronics, recruit talents first, and invest in both software and hardware." ”

Wang Liang said without hesitation: "Okay, I'll communicate immediately." ”

The owner laid out the arcade very early, so he wouldn't have any doubts.

In 1970, Midea Electronics began to manufacture arcade machines for Atari and produce PONG. Now that we're two years away, it's time to enter the R&D phase.

Of course, Lin Zhichao will not interfere in the early stage and let the team do it themselves.

When the time is ripe, Lin Zhichao will come up with game plans such as Little Bee (Space Wars) and Pac-Man, presumably taking the first step to get the copyright.

Lin Zhichao divided Midea video games and Atari video games:

Among them, Atari video games are already in the public relations of 'console games', and when the time is ripe, Lin Zhichao will intervene to formulate high-quality cooperation plans for third-party software to avoid rough games and repeat the mistakes of the previous life.

Among them, Midea video games specialize in the research and development of arcade machines, as well as the development of game software, and the classic games of the previous life are all in one go. Of course, it is essential to set up studios in the United States and Japan, and it is also necessary to establish its own R&D team in Hong Kong.

In early December, Lin Zhichao's Huaxing Shipping was also listed in Hong Kong, raising 120 million yuan to repay debts and order container ships.

At this time, after years of development, Huaxing Shipping already has 12 new container ships, which are more powerful than Dong Yunhao's OOCL; You must know that Lin Zhichao's global group is a fleet dominated by oil tankers, and the cargo ships at its peak did not exceed 1.2 million tons of deadweight.

As for container ships, Lin Zhichao was the first person in Hong Kong to eat crabs after all, so he had the upper hand. This is still Lin Zhichao's idea of 'slow' development, and Huaxing Shipping is like this.

For container transportation, Lin Zhichao's original pursuit was stability, so this listing is to make full use of the stock market to share the financial pressure.

In other aspects, the unlisted fleet of Universal Group (Universal, Universal) has shrunk to 18.5 million tons, a decrease of about 900,000 tons; The main thing is to clean up oil tankers of less than 100,000 tons, and some older bulk carriers. Of the remaining 18.5 million tonnes, almost 85 percent of the vessels have chartered to survive the oil crisis.

In fact, Lin Zhichao predicted that the losses of all Hong Kong fleets in this wave of oil crisis will be the least in the world; This is because everyone learns from the style of the Universal Group, rents the ships for a long time, and operates conservatively.

The oil crisis mainly affected the American routes and European routes, so it was the consequence that European and American shipowners suffered the greatest losses.

"Boss, Mr. Sandas is here!"

"Please come in"

Soon, HSBC Group Chairman Sundash came to Lin Zhichao's office, and Lin Zhichao accompanied him to sit on the sofa and drink tea.

"This time, I want to ask about the lease of Universal Shipping and the future development plan," Sandas put down his teacup and asked seriously.

HSBC is the second shareholder of Universal Shipping, with a 40% stake, but they recently discovered that almost all of its leases are signed for more than five years, and the highest is seven years, while the return rate is only about 15%.

They don't question Lin Zhichao's decision, but they also want to ask for clarification, so that they can have a good idea.

Lin Zhichao said with a smile: "I remember telling you in the fifties that the world's shipping has a 30-year boom, so I always remember this analysis. The ships of Universal Shipping all sign long-term contracts, and although the profits are lower, the money earned from each charter is the cost of a ship. At the end of the lease, you can still sell half of the cost. ”

A VLCC can be a profit of millions of dollars, so there are still many shipowners who are working hard to build ships, and it is still a peak period for shipping.

But Lin Zhichao never envied the run, he is only now called making money, earning 100 million a month, and 90 billion in seven and a half years; At that time, the fleet worth $1.8 billion will still be his, and if it is sold, a lot of people will want it for $1 billion. Of course, he was selling ships at most.

In his previous life, Bao Yugang was named the richest Chinese man by Fortune in 1973, with a net worth of 7~1 billion US dollars (13 million tons of fleet). I don't know if "Fortune" will select the richest Chinese next year, and Lin Zhichao is afraid that it will be very shocking at that time.

"Minus the boat ashore?" Sandas asked, uncertain.

HSBC attaches too much importance to the profit sharing of Universal Shipping, so he wants a quasi-letter.

Lin Zhichao said: "Who can say for sure what will happen in five or six years. In the past few years, HSBC's investment is enough to be regarded as a high return. So, if I don't predict what will happen in five or six years' time, Mr. Sanddash should not embarrass me. ”

Sandas was stunned for a moment, and then said: "I understand, I am also responsible, Mr. Lin forgive me." ”

Lin Zhichao nodded and said, "I know, we should have communicated with our partners seriously." ”

In fact, Lin Zhichao vaguely guessed that HSBC wanted to get some shipping prospects from him, in order to make investment and loan decisions in this regard.

Following.

Bao Yu had just arrived at HSBC for a meeting with Sundash.

"Chairman Sandas, I wonder what your proposal is for my cooperation?"

It turned out that Bao Yu had just seen that Lin Zhichao had stopped shipbuilding, and there were no obvious signs of decline in world shipping, so he decided to continue to build ships on a large scale. At present, it has a brand new fleet of more than 3 million tons, and there are 10 VLCC tankers.

He firmly believes that with the support of HSBC, he can double the expansion in a few years; Therefore, he suggested that HSBC and his partner company to jointly invest in shipping.

Sandas said: "We at HSBC have invested a lot in shipping, so we don't plan to expand our investment for the time being, and your proposal has been rejected by us. ”

Bao Yugang said incredulously: "Why is this? As far as I know, HSBC has been most fond of investing in shipping over the years."

Sandas said with a smile: "You have a saying in China called prosperity and decline, shipping has been prosperous for so many years, and we are also worried about changes in shipping, so we changed to a conservative strategy." If Mr. Bao is a follow-on loan, we also have to consider the risk, so as to reduce the number of loans and increase the collateral assets. ”

Bao Yugang pondered for a moment and said, "Could it be that Sir Lin is worried, and then affects HSBC's worries?" ”

"He's a legend in the shipping industry, and certain decisions are really something we refer to. ”

Bao Yugang left HSBC with some anxiety, but he also believed in Lin Zhichao's decision.

Of course, since he also rents to customers on a long-term basis, he doesn't need to be too nervous. HSBC is reluctant to invest more anyway, so he can only continue to expand 'slowly'.

As everyone knows, it is this decision that can avoid some losses for Bao Yugang.

(End of chapter)