Cheung Kong Group.

In the conference room, Lin Zhichao said: "At present, we only have 170 million Hong Kong dollars left in our cash flow, and the canopy of Chater Station and Admiralty Station is expected to be tendered in the first half of next year, and we need sufficient funding sources." ”

As early as the second half of this year, the news that the Hong Kong MTR Corporation will bid for developers on top of the station has been hyped by the press.

In the bidding of the two stations of Central and Admiralty, there must be no shortage of powerful large real estate developers and builders bidding; The group of males competes for the deer, and whoever dies the deer will have a life-and-death contest.

Central Station, right next to Hongkong Land's nest, is also not far from Victoria Harbour Centre;

Admiralty Station, next door to Far East Financial Center Tower B.

The Hong Kong government did keep its promise to build the Admiralty MRT station near Raffles City, but they still granted the MTRC a commercial plot of land (Harcourt Road, near Wan Chai) because the MTR company was short of money, and the Hong Kong government was short of money. At the beginning, the Hong Kong government also promised not to grant commercial land around the Yangtze River Plaza (not built), so it is not a breach of contract.

In any case, the Admiralty subway station was built near Raffles City, and Lin Zhichao was relieved. As for the addition of a commercial building in the vicinity, he didn't care at all, after all, this area was already the 'Lin Kingdom'.

Zhou Fuzhao was the first to say: "By issuing 100 million Hong Kong dollars of new shares and then fulfilling a loan commitment with the bank, we can have strong funds. ”

More than 11 months have passed this year, and it is coming to an end. With a profit of more than HK$200 million, Cheung Kong Asset Group will stand out among many real estate companies. Last year, the remaining cash flow of HK$170 million, plus the sale of the Chinese Bank site to the joint venture salary, earned a non-recurring profit of HK$50 million, a total of 420 million funds. However, the money spent is also very strong, the acquisition of Yonggao spent 130 million cash (the remaining stock acquisition), the acquisition of Qingzhou British Cement cost 20 million, the acquisition of land and property cost 100 million Changshi Group's debt still maintains the level of 260 million Hong Kong dollars.

Zhou Fuzhao's suggestion is more realistic, and issuing new shares and bank loans is the best means of raising funds.

"Chater Station and Admiralty Station are ready-made sites, and with only a small construction cost, you can make a profit by selling off-plan properties," said Hu. ”

Lin Zhichao immediately said: "If you think like this, I'm afraid that there is no difference between other real estate developers, and we may not have an advantage." Don't forget, Hongkong Land is also eyeing these two properties. ”

When Hu Zhaoxu heard this, he didn't feel anything, the boss criticized them for being merciless, but after thinking about it carefully, it made sense.

After thinking about it for a while, he said: "The Hong Kong government granted the land to the subway company at the original price. The unit price of these two plots is about HK$10,000 per square foot, and the total price of the two plots is almost HK$400 million. In other words, the MTR company needs to pay so much money to the Hong Kong government, the pressure is doubled, and there is a lack of cash flow! ”

After hearing Hu Zhaoxu's analysis, everyone finally reacted to why the boss should prepare a large amount of cash, that is, to solve the dilemma of the subway company, so as to have the best hope of winning the bid.

After thinking about it, Lin Zhichao said: "Then issue new shares and raise 100 million Hong Kong dollars in cash." In terms of loans, my private company can borrow HK$200 million to the group at any time, and in addition, I will also contact Chase Bank for a loan commitment. In short, this year is still very important, we need to continue to 'buy the bottom' of Hong Kong property assets. ”

"Yes"

After some layout, everyone is in high spirits and ready to do a great job!

The reason why Lin Zhichao maintained sufficient ammunition was because in the following 1977, Cheung Kong Group had more plans. In the next year (1977), Cheung Kong Group's profits will also increase significantly, but Lin Zhichao still keeps the company with sufficient cash flow and is ready to show its talents at any time.

Los Angeles.

In the villa, Lin Zhichao and Audrey sat on the sofa.

"Audrey, you do something for me!"

As soon as Lin Zhichao's words fell, Audrey Hepburn became energetic.

"Don't say one thing, it's ten things, I'll do them all for you." Audrey said with affection in her eyes.

To be able to do things for this man, of course, is a matter of honor and happiness. All along, it was this man who sheltered her from the wind and rain, planned and strategized, and laid down today's 'Audrey Empire'.

Lin Zhichao nodded, put his arm around Audrey Hepburn, and said, "How much wealth do you have now?" ”

Audrey Hepburn immediately calculated: "Now Audrey's company is worth $3.6 billion, and I hold 50%, which is a net worth of $1.8 billion. Audrey's assets are almost $700 million. I have $2.5 billion in wealth, husband! ”

After saying that, Audrey Hepburn herself couldn't believe that she was already so rich.

Lin Zhichao, this woman should rarely count her family property, so she has such a surprised expression.

At present, Audrey has many products: Barbie, Transformers, My Little Pony, Cauliflower Doll, Atari 2600, etc., and its business also includes children's program production, animation, etc.

It is not only the world's largest toy company, but also the overlord of the video game industry, which is favored by investors.

Lin Zhichao said: "I want to ask you to buy a US bank for me, but it is only a temporary investment, so it will occupy your funds!" ”

Audrey Hepburn said without hesitation: "No problem! What's mine is yours, and I'll do what you tell me to do. ”

She is not a business novice, and she has learned a lot of business knowledge over the years, but in front of Lin Zhichao, she is willing to be a 'business novice' and unconditionally implement Lin Zhichao's arrangement.

Subsequently, Lin Zhichao took out a document to Audrey Hepburn and said: "The target of the acquisition is SITC, the sixth largest bank in New York State and the largest retail lending bank, and the 17th largest bank in the United States. The bank's profit level fell from $44 million in 1973 to $20 million in 1975 due to the 1974-1975 recession, which led to the emergence of non-performing loans, and is expected to be even worse this year. I need you to contact Salomon Brothers as an investment advisor, and then take a 51% stake in SITC Bank, we can respect SITC's original culture, and we will not intervene too much in the company, after all, we are only a temporary investment." ”

Audrey Hepburn looked at the information on the paper and said: "The stock is only $12 per share, with a total share capital of 12.5 million shares and a market value of only $150 million. ”

Lin Zhichao said: "You definitely can't buy it like this, and I don't want you to make a hostile takeover." I've researched that the company's net worth is almost $500 million. So, if you go to Salomon Brothers, you can put forward the advice I gave you - that is, first buy 25% of the shares at a 'premium of about 40%', which is about $17 per share; After this step is completed, it is equivalent to the stock also rising to $17 per share, and then arranging to acquire and issue 6.6 million new shares at a price close to the net asset price of $25 per share (net assets of $30 per share, the total share capital is calculated according to the additional issuance, so the net assets are about 500 million US dollars). In this way, Audrey Investment has a 51% stake at a cost of almost $220 million. ”

Audrey Hepburn didn't expect Lin Zhichao to value this Haifeng Bank so much, so she said: "Husband, do you plan to let Ruinan engage in the banking industry?" ”

Lin Zhichao shook his head and said, "SITC Bank is a bargaining chip for me, and I have to hand it over in the end." What's more, Ruinan has only just studied in college, and we don't need to think about his development in the future. If he can manage Audrey's investments well and has a high financial talent, he will have no problem acquiring better banks. ”

Audrey said decisively: "No problem, I also know that it is not good to pull out seedlings to grow!" Okay, I'm going to raise funds and contact Salomon Brothers to initiate an acquisition of SITC. ”

Lin Zhichao nodded and said, "The problem of funds"

Before she could finish speaking, Audrey Hepburn said, "No problem! I don't have any debts, just mortgage some stocks, and withdraw some funds from Audrey's investment, I can make it up, easily! ”

As the most successful female entrepreneur in the United States, Audrey Hepburn has gained a lot of influence and fame, plus almost no debt, so it is indeed easy to raise $220 million.

However, Lin Zhichao still said: "Well, but if you can't get the funds for a while, contact me at any time, and I will definitely get it." This investment in SITC Bank will not let you suffer losses, you can always make some money. ”

SITC Bank is a bargaining chip for Lin Zhichao, and it is a bargaining chip for negotiations with HSBC.

Lin Zhichao thought about a question, if he won the Wharf Group and then went to HSBC to ask for Hutchison Whampoa, then in this way, HSBC should worry about the problem that the Lin family is too large, maybe not so happy.

His chips currently are:

After all, the value of the global shipping cooperation between the two sides is hundreds of millions of dollars, and the value of HSBC is also one or two hundred million dollars; HSBC needs Lin Zhichao at the helm to keep this asset. So, this is where HSBC needs Lin Zhichao.

Favors, HSBC has always owed Lin Zhichao a favor, and Shen Bi also knows it. In order to form an alliance with HSBC, Lin Zhichao gave up Hang Seng Bank (in fact, if Lin Zhichao had run Hang Seng Bank, there might not have been today's Hang Seng Bank).

Yes, Lin Zhichao is still the most suitable person to lead Hutchison Whampoa, and other businessmen in Hong Kong have some development in real estate at most, but Lin Zhichao has a comprehensive business vision. If Hutchison Whampoa wants to appreciate the value of the remaining stocks in his hands, he can still only find Lin Zhichao, as for Li Jiacheng, he is still a small real estate company, and his strength has not entered the eyes of HSBC at all.

With so many chips, why does Lin Zhichao still pay attention to Haifeng Bank?

This is because Lin Zhichao doesn't want to turn himself into a beggar for food, he has to have self-esteem to win Hutchison Whampoa.

Only he gave away HSBC's share - half of the shares of the China Bank Building, and there was no HSBC to give him his share!

To be honest, it was easier for Audrey to acquire SITC than HSBC wanting to enter Bank of America. Because Audrey Hepburn is now an American, coupled with her influence in the American business community, it is enough to successfully complete this acquisition.

Lin Zhichao came to the Victoria Harbour Investment Branch in New York, and the old minister Chris reported to him on the investment in U.S. stocks.

At present, Harbour Investment is divided into two major businesses: securities and real estate, and is divided into three divisions: Americas, Europe and Asia. Lin Zhichao took the position of president, and the vice presidents were Chris and Li Zhonghe.

Although Chris is a vice president, he is actually responsible for the investment of the European and American securities business. At the end of 1974, Harbour Investment spent US$720 million to buy U.S. stocks, which is now a great success.

"Our U.S. stock returns will reach 45% this year, surpassing last year's 26%, and many of our U.S. securities have reached $1.32 billion in market capitalization." With adoration in his eyes, Chris reported.

This boss is the real Wall Street stock god, and every time he sells high and buys low, he can get it just right.

Lin Zhichao sat in the office and said very relaxedly: "What is the current PE (price-earnings ratio) of the beautiful 50?" ”

Chris immediately said: "It's almost not higher than 10, and many good stocks are only 3~6 times. ”

Lin Zhichao said with a smile: "So, if you buy these PE only 3~6 times beautiful 50 stocks, how can you lose money?" ”

Chris said, "That's right! As far as I know, Warren Buffett, who you made me pay attention to, also entered the bottom at the end of 1974, and it is estimated that the return rate in the past two years is also very high. ”

Lin Zhichao thought about it, and then he said: "What proportion of oil stocks do we invest in?" ”

Chris immediately replied, "Very little, less than 5% should." ”

Lin Zhichao then said: "It's not enough, we should invest heavily in oil stocks." ”

Chris said, "Isn't it the right leverage? ”

Lin Zhichao immediately vetoed that his personal investment company would never allow the existence of leveraged stock speculation. It's not about losing money, it's about making it a habit. He admired the practice of Hong Kong entrepreneurs in his previous life - not going into too much debt is the best means of securing wealth.

"In this way, I raised another $200 million from Hong Kong and invested it in oil stocks."

It is not difficult to raise 200 million US dollars, after all, Victoria Harbour Investment still has 1.2 billion Hong Kong dollars in its account, leaving 200 million Hong Kong dollars to be lent to Cheung Kong Group to collect interest, and the remaining 1 billion Hong Kong dollars, plus 200 million Hong Kong dollars from Cheung Kong Industrial Group, is enough.

As a result, from 1977 onwards, the assets of Victoria Harbour Investment changed:

1. $1.5 billion worth of U.S. stock investment.

2. Gold spot worth $1 billion.

3. US$400 million worth of Asian securities investment (80% in Hong Kong and 20% in Japan).

Fourth, the $600 million worth of Victoria Harbour Real Estate.

The total value is around $3.5 billion.

Over the next five years, these assets will return around 30% per annum.

Lin Zhichao's investment in oil stocks is naturally based on the experience of Peter Lynch's previous life, as well as the impact of the second oil crisis.

As for investing in Warren Buffett and Peter Rich, Lin Zhichao feels that he is completely unnecessary. He is a 'stock god' in his own right, even if he pretends to be Audrey Hepburn or his son, he doesn't need to invest through their funds, after all, their commission is so high.

A new year is coming (1977).

After spending New Year's Day in the United States, Lin Zhichao took his own private jet and embarked on the road back to Hong Kong.

After more than two years, the Boeing 747 was finally delivered and renovated, costing just $30 million; The decoration alone cost $11 million, and the plane was still purchased at a discount, otherwise the Boeing 747 would have been worth $25 million.

Although the cost is huge, when Lin Zhichao stepped into the interior of the Boeing 747, he had a 'value' in his heart.

The first floor is mainly a conference room, a large living room, a large dining room, a recreation room, and a guest seating area. The entire ground floor is actually a public area for entertaining guests. As for the second floor, it is a private space, with a supreme bedroom, two luxury bedrooms, as well as a study, living room, entertainment room, etc.

On the first floor and the second floor, there is a spiral staircase, with precious wood as handrails, classical and noble.

"Husband, I didn't expect there to be such a lot of space here!" Xu Caiying said happily.

This time back to Hong Kong, Lin Zhichao returned to Hong Kong with Xu Caiying, and the Lin family got together in New York for Christmas and New Year's Day, and then returned to Hong Kong in batches.

Although five sons have entered the family business to work, Lin Zhichao is still very cautious and asks everyone to go home in batches.

"Boeing 747, nicknamed Big Fat, has a lot of natural space inside." Lin Zhichao sat on the sofa in the living room on the second floor and said leisurely.

After all, the two are well-informed, and the first time they take this private jet, they will not make a fuss, at most they will be more happy.

Xu Caiying said: "If you go abroad in the future, you will not be alone!" After saying that, he grimaced.

This woman, whose mood is still a girl, also ridiculed Lin Zhichao.

After talking to his three wives last time, Lin Zhichao can also rest assured and boldly raise three lovers, after all, people are not destroyed for themselves, if Lin Zhichao is like a jade, he might as well not have a company, he only needs to speculate in stocks and houses.

"It's really not lonely, this is not a flight home, isn't there a big beauty to warm the bed!"

Xu Caiying suddenly came to Lin Zhichao happily, and then kissed him, obviously encouraged.

"It's just such a private jet returning to Hong Kong, will it have too much impact?" Xu Caiying worried.

Although there are many rich people in Hong Kong, their net worth is only around one billion Hong Kong dollars. Now that her husband has a private jet, which is worth nearly 200 million Hong Kong dollars, she has to worry about the impact of public opinion.

"It doesn't matter, this plane is nominally owned by Hong Kong Airlines."

In fact, many people will know that Lin Zhichao bought it, because Boeing advertised that a wealthy Asian man converted the Boeing 747 into a private jet.

As long as you check a little, you will know that the main owner is Lin Zhichao, the richest man in China, with a net worth of 15~2 billion US dollars.

"Hmm"

Lin Zhichao hugged Xu Caiying and said, "The children are all older, and I am more relaxed now." Your vein, the late acquisition of Wharf Group, the future will be the development of land, sea and air. One of the two sons is in charge of shipping and aviation, and the other is in charge of real estate, and they are not separated. ”

Xu Caiying said: "Real estate? Will that conflict with the Cheung Kong Group? ”

Lin Zhichao said with a smile: "No, the so-called real estate is only the commercial real estate of the Wharf Group, and it may go overseas to develop commercial projects in the future, and it is also possible to develop commercial real estate in the mainland." ”

In this way, the business in charge of the two sons is almost the same proportion. Reducing the ship ashore does not mean withdrawing from shipping, after all, no matter how you reduce the ship, there will still be seven or eight million tonnage.

"Well, you can arrange it!" Ms. Hui soon became uninterested in the topic.

In this life, she is only responsible for beauty and charity, and is the embodiment of angels. Over the years, she has been the Chairman of the Board of Oxfam Hong Kong, and Lim Chee Chiu also donates the family's charitable funds through Oxfam every year.

Of course, this is only temporary, and when the family office is established, Hui Choi Ying will resign from Oxfam and become a full-time family charity.

(End of chapter)