Hong Kong's new giants

Chapter 173 Chapter 191~192 [Mobilization of the whole department]

In the afternoon, Lin Zuhui came to the office of Cathay Pacific City again.

Cathay City, a subsidiary of New Era Real Estate, is the flagship hotel management company of New Era Real Estate.

At this time, there are four listed companies in the New Era real estate department.New Era Real Estate holds Chinese Land and Cathay City, with a shareholding of 49%; Chinese Land holds China Entertainment, with a shareholding of 49%.

The stock price of Cathay Pacific City has risen gratifyingly, and the current market value has exceeded 5 million yuan. This is still in the absence of the announcement of the results of the asset restructuring; for outside investors, they only know two things:

First, when New Era Real Estate becomes a shareholder of Cathay Real Estate, it will definitely reorganize its assets successfully, which is due to its pursuit of Lin Zuhui;

Second, Cathay Pacific Land's purchase of Wang Kee Building shows that the company has great potential and can purchase office buildings in Central with a large sum of money.

With these two useful pieces of information alone, the market value of Cathay City soared from 1.3 million to 5 million.

Of course, in the past two months, the general environment of the Hong Kong stock market has been good, and the growth rate has been gratifying. This is an external factor.

Lin Zuhui called the general manager Lu Donglai, and arranged: "Next week, Cathay City will raise funds for rights issue, 5 shares for every 3 shares!"

Lu Donglai was surprised when he heard this, the ratio of rights shares is very high!
"Then should we release some news about the progress of asset restructuring, so as to boost investors' confidence!"

After hearing this suggestion, Lin Zuhui took it seriously, and said, "Well, let's release the asset revaluation report to the market and inform Cathay City that it intends to enter the hotel business."

Lu Donglai nodded, and then said: "The amount of the rights issue this time is huge, where is the fund from New Era Real Estate?"

Lin Zuhui smiled and said: "It's enough, isn't it 1.5 million! By the way, Cathay City's first rights issue, you invite Liang Botao as an advisor, it will be smoother!"

As far as the current situation is concerned, that is, New Era Real Estate does not need external consultants to raise funds through rights issues, and Liang Zhenxun is competent enough.

However, Liang Zhenxun is a very busy person, so it is better to hire an external consultant.

"Okay, I'll arrange it!"

Cathay City raised 3 million this time, and Lin Zuhui planned to go to "Snake Tunxiang" and use the principle of "leveraged buyout" to acquire a high-quality hotel listed company.

For him, he is not afraid of the high debt of Cathay Pacific City, and he will earn a little back by speculating in futures contracts next year;
Then sell some of the stocks of listed hotel companies before the 'August [-]th stock market disaster', and then buy them back after the stock market crash.

In this way, there will be hundreds of millions of non-recurring profits, so why worry about debts not reducing!
Moreover, one or two rights issues to raise funds before the stock market crash, and the money will be there.

There is no need to pay interest for raising funds through rights issue, and only a small amount of dividends need to be paid to shareholders, and even scrip dividends can be paid, which is quite cost-effective.

However, in this way, the heavy burden of the group system is concentrated on New Era Real Estate. As the parent company of Cathay City and Huaren Real Estate, the shareholding is as high as 49%. Real estate requires half of the rights issue to ensure that the shareholding is not diluted.

This is also the reason why Lin Zuhui didn't directly hold several companies directly, and he couldn't afford these companies personally.

Back to New Age Properties.

Lin Zuhui called Liang Zhenxun and told him about the capital raising of Cathay City's rights issue.

Liang Zhenxun thought for a while, and said: "New Era Real Estate still has 8000 million cash flow in its account, but we can use debt to raise 1.5 million rights shares. At present, our debt has been reduced to 13.5 billion, and the company's net assets have reached 38 billion, you can borrow another 2 million loan."

He is not afraid of too much debt now. In the words of the boss, the debt ratio is something to consider next year, and only focus on development this year.

Lin Zuhui said: "The industrial plants invested in have been sold since mid-November; for blue chip stocks, the Hang Seng Index will be closed when the Hang Seng Index reaches 11 points, which should be the same as the end of November and the beginning of December."

Liang Zhenxun was a little shocked when he heard it. Is this boss so confident in the trend of the stock market?
"At present, our blue chips have made a profit of 1.6 million. According to the analysis of the boss, it is no problem to make a profit of 2 million. A single investment in blue chips alone can return 3 million of funds (20% margin, 2.5 million). If we add industrial The return of funds from the plant is 5.5 million yuan, and the company can make a profit of [-] million yuan from these two investments at the end of the year."

Seeing Liang Zhenxun's confident expression, Lin Zuhui struck down: "At the end of the year and early next year, Chinese Land is expected to raise 10 billion through rights issues. According to the shareholding ratio, New Times Real Estate will have 5 million rights issues! Cathay City will also have to raise funds through rights issues once. Overall, before the beginning of next year, New Era Real Estate needs a total of 8 million rights issues!"

Liang Zhenxun was not surprised when he heard the words. There are many listed companies raising funds through rights issue in the market, and his own boss is not a traditional operator, so naturally he would not miss it.

"New Era Real Estate can also raise funds through rights issue, it depends on what you want, boss!" Liang Zhenxun said cautiously.

In case the owner's money is insufficient, wouldn't it dilute his shares.

Lin Zuhui nodded and said, "New Era Real Estate will also raise funds at the beginning of next year. Based on the market value of 40 billion, it should be no problem to raise 4 million through rights issues. All the funds will be used to purchase land and old buildings!"

Both Cathay City and Chinese Land are divided into two rights issues - the end of this year and the beginning of next year. In this way, the time is completely sufficient.

Liang Zhenxun was stunned. He thought that the rights issue of New Era Real Estate would be used for the rights issue of subsidiaries. Unexpectedly, the boss went to buy land again with a swipe of his hand.

But he also understands that the return of industrial plants and blue chip stocks is 5.5 million, and now he has borrowed 2 million, plus the 8000 million in the account, this is exactly 8 million!
Moreover, the company has been selling real estate, and the funds are withdrawn quickly!

The boss's calculations are very precise, and the timing is very accurate. Liang Zhenxun admires him very much.

Finally, Lin Zuhui thought for a while, and said: "A loan of 2 million yuan, plus 8000 million yuan in cash, means that after we raise funds through the rights issue, we still have 1.3 million yuan in cash flow to drive. In this way, you take out 1 million yuan to buy futures contracts, Closing the deal this week!"

Look, the boss's careful calculation is just too shrewd, and he refuses to let the funds idle at all, Liang Zhenxun thought to himself.

"Okay, I'll do it right away!"

Lin Zuhui nodded and said, "I will handle the loan and it must be completed this week!"

He was not worried that the bank would not lend. The New Era real estate department was the favorite of the bankers. Regardless of the high debt, those bankers were willing to borrow a lot just because of Lin Zuhui's face.

This is the ability and reputation of the individual, which has been recognized!
This time New Era Real Estate once again invested in futures contracts, and Lin Zuhui was also formulating a strategy based on the actual situation.At present, the daily trading volume of futures contracts is once again enlarged. There are 15000 contracts traded every day, and the margin is more than 3 million.

If the market is large enough, investment can be increased. This is Lin Zuhui's strategy.

Of course, if you buy a contract now, when it is settled at the end of December, it is estimated that you will earn a little over 12 for one contract; and now the margin for a contract is already 1, which is equivalent to more than 2.3% in two months. profit.

Still very cost-effective!
Lin Zuhui finally came to Huaren Real Estate. At this time, it was like the final mobilization stage of a battle. Lin Zuhui wanted his subsidiaries to start a new round of development at the end of the year, so he had to ensure that each company had enough bullets.

The development of Chinese Real Estate will be a leapfrog development, and its strength will skyrocket several times. In addition to the backing of New Era Real Estate (right issue fundraising), it also has obtained huge profits from its own investment.

First of all, the original 10 million capital plus five times leverage, invested a total of 4 billion worth of blue-chip stocks, and it is expected to make a profit of 6 million yuan by the end of the year and withdraw [-] million yuan of funds;
Secondly, the buying point of 7500 December futures contracts is only 12 points, and it is expected to be 2000 points by the end of the year. Each contract has a net profit of 2500. Here is a net profit of 2.5 million, and the return of funds is 1.8 million.

Finally, Lin Zuhui also plans to cash out the 18% stake in Hong Kong and Macau Development under his company; the current market value of Hong Kong and Macau Development is 2.7 million, and it looks like he can make a profit of 5000 million when he cashes out.

Lin Zuhui made 10 billion for this company in one year!
In addition to these assets, Chinese Land has property assets of 9.5 million yuan, securities investment of 3.5 million yuan (including China Entertainment shares), and liabilities of 4.5 million yuan.

The current market value of Chinese Land is 15 billion, which is not high, but greatly underestimated; after all, with Lin Zuhui's famous brand, the general market value will increase by [-]%.

The reason for the low market capitalization is that the outside world is not particularly familiar with Chinese Land's investment in blue chip stocks and futures contracts.

Calling the general manager Gao Yi, Lin Zuhui said: "Put some smoke out of our company's investment profits, and try to increase the market value! Also, I plan to package and sell the 18% shares of Hong Kong and Macau Development. You Go and find out if there are any fund companies or investment companies interested in selling it at a premium of [-] to [-] percent."

Everyone knows that the development of Hong Kong and Macau is a potential stock. The Jawaii Stadium will be the third largest casino in Macau Entertainment, and the annual rent can increase several times. Coupled with the fact that it is a major shareholder of Au King, it is bound to have huge development potential.

"Boss plans to raise funds through rights issue?" Gao Yi asked.This is almost the signature routine of my boss. All the good news is released before the rights issue to raise funds, and then take advantage of the booming stock market, quickly, hate, and accurately, quickly raise a huge sum of money, and then buy high-quality assets.

"Yes, but the rights issue fundraising is around the end of the year, but we can continue to release the good news first; so that if the Hang Seng Index rises above 2400 points by the end of the year, then our market value may reach as high as 20 billion."

"Okay, I will pay attention to the arrangements!"

After Gao Yi left, Lin Zuhui finally felt his whole body relax. He has made a complete plan for the current financial arrangements.

At the end of the year and the beginning of next year, Chinese Land is expected to have a cash flow of more than 20 billion yuan, plus half of the loan, it will be more than 40 billion yuan to drive.

This amount of money is also a decisive investment for Li Chaoren and other four major families, an investment that shocked the whole of Hong Kong.

At this time, the first round of negotiations on the acquisition of the development rights of the Admiralty Subway Station - the Twin Towers has already been carried out. This round of negotiations is only to propose to Huang Tingfang that the "new" consortium intends to purchase the Twin Towers.

However, because there are four partners in this investment, Sino Real Estate, Everbright Real Estate, Nanyang Consortium, and Australian-funded consortium, Huang Tingfang said that he had to communicate with everyone first.

It's not a big problem, as long as Sino Real Estate agrees to sell, the other three consortiums definitely don't want to let it go to collect rent. This kind of investment portfolio is basically destined to be sold.

The only thing that makes Lin Zuhui look forward to is whether it is possible for Huaren Real Estate to buy it for 18 billion, which is 1 million cheaper than the Benda Center in history.But he didn't hold out much hope, anyway, within 19 billion is acceptable.

On Wednesday, Cathay Real Estate announced the progress of asset restructuring: its total assets are 9.5 million, debts are 4.5 million, and net assets are 5 million.At the same time, Cathay Pacific Land announced that it will enter the hotel field.

In less than two months, Cathay Pacific Real Estate's net assets soared to nearly three times, which immediately delighted investors, and the stock naturally began to skyrocket accordingly, with an increase of as much as 10% on that day.

The next day, many media rushed to report.Among them, Standard Chartered (Asia) spoke highly of the management of New Era Real Estate (one of the shareholders of Cathay Pacific), and investors even believed that Lin Zuhui had the ability to turn stones into gold and rejuvenate.

Lin Zuhui brought Liang Zhenxun and Lu Donglai, two executives from the real estate department of the new era, to the Furama Hotel, No. 1 Connaught Road Central, Central, Hong Kong Island.

The Furama Hotel was officially opened in 1973. It was a prominent hotel for a time. It is worth mentioning that the first revolving restaurant in Hong Kong is located on the top floor of the hotel.

The disc embedded on the top of the tower is a revolving restaurant, where Ba Jin once had a meal.

The owner of this hotel is the "second generation gambling king" Fu Laorong family in Macau. The Furama Hotel consists of two lands, one of which was auctioned by the Fu family in 1952 for 360 million; the other land, Praya, is the old Swire Pacific Its headquarters has been entrenched by the sea since 1897.Fu Yinzhao bought the headquarters from Swire in 1954 in order to combine the two lands.

The two lands cost a total of 1200 million in cash. At that time, the average land price per square foot was around HK$500, which meant that the land covered an area of ​​2.5 square feet.

Regardless of the fact that the land is only 2.5 square feet, Lin Zuhui seems to remember a piece of information from his previous life. In May next year, the Hong Kong government will auction a piece of "Central Land King" - the former site of the fire station, which is near the Furama Hotel, covering an area of ​​only 2.26 square feet. , with a starting price of 4.8 million yuan, was auctioned by Hang Seng Bank at a sky-high price of 8.4 million yuan, and the later Hang Seng Bank headquarters was built.

In other words, the land of the Furama Hotel is now worth more than 5 million yuan!
Furama Hotel went public in 1985, with a current market value of only 8 million yuan and net assets of around 10 billion to 12 billion yuan.

After Lin Zuhui led two subordinates around the hotel, he said, "Let's go, let's go up to eat!"

Liang Zhenxun and Lu Donglai felt a little uneasy. Could it be that the boss wants to buy the Furama Hotel? This is a real snake swallow!

At present, the Fu Laorong family is taken over by his son Fu Yinzhao, and the Fu Laorong family holds 75% of the shares of Furama Hotel (25% of the shares need to be sold to the public for listing), so it is naturally impossible to buy from the stock market!

Therefore, if one wants to obtain the Furama Hotel, the only way is to open a gap from Fu Laorong's family and directly purchase the shares in his hands.

In this way, if Fu Yinzhao sees that Lin Zuhui intends to buy it, he can definitely pay a premium of more than [-]%, or even more than [-]%.After all, other people's market value is already lower than their net assets, and families of this kind of property are generally reluctant to sell unless they give too much.

The three of them came to the hotel's revolving restaurant, and they had a panoramic view of Victoria Harbor and Tsim Sha Tsui. This hotel building can be said to be a coastal building, because the building across the street is a very short municipal building - Xiangjiang City Hall.

Lin Zuhui's mind was not on eating. Looking at the scenery of Victoria Harbour, he felt heroic in his heart. He should own such a hotel to be worthy of his title of 'Merry Tycoon'.

Speaking of which, Lin Zuhui has memorized the history of the famous five-star hotels in Xiangjiang for half a century!

The 'Dame of the Far East' Peninsula Hotel established in 1928

The 'not first sight beauty' Mandarin Oriental Hotel established in 1963

The Central Hilton Hotel established in 1963

Hyatt Regency Hong Kong, Nathan Road, established in 1964

Furama Hotel established in 1974

These five hotels should be the five-star hotels in Xiangjiang before the 80s, and all of them are well-known.

As time entered the 80s, Chinese-funded forces rose, and a number of Chinese-funded five-star hotels were established one after another:

New World Regent Hotel opened in 1983
Tsim Sha Tsui East Shangri-La Hotel, which was put into use in 1981
There are only seven five-star hotels above, and well-known hotels such as the Marco Polo Prince Hotel in Harbor City and the Miramar Hotel in Tsim Sha Tsui are only four-star hotels.

Lin Zuhui also knew that from the late 80s to the early 90s, five five-star hotels sprang up on the island:

Among them, there are two convention and exhibition centers in Wanchai, both the people-friendly Renaissance Seaview and the luxurious Grand Hyatt Hong Kong;
Admiralty Taikoo releases luxury hotels at a rate of one every two years - JW Marriott (1989), Hong Kong Island Shangri-La (1991), Conrad (1993).

To sum up, if Lin Zuhui wants to own a five-star hotel, he must start with a soft persimmon.

After a simple meal, Lin Zuhui gave an order to his subordinate Lu Donglai, asking him to help him make an appointment with Fu Yinzhao.

Sure enough, Liang Zhenxun and Lu Donglai thought in their hearts that the boss really wanted to swallow an elephant like a snake.

"Boss, the price may be 10 billion, and Cathay City may be a bit difficult!" Liang Zhenxun said tentatively.

Lin Zuhui said indifferently: "If Fu Yinzhao really intends to sell us, then we will naturally use a large amount of bank loans! As for the debt issue, in addition to raising funds through rights issues, I will try my best to help Cathay City seek financial profits. Don't worry!"

Liang Zhenxun and Lu Donglai immediately gained confidence. They believed in their boss's financial ability, because until now, Lin Zuhui had never failed to invest in securities and foreign exchange.

For Lin Zuhui, the stock market is his cash machine!

Even if Cathay City does not make profits on futures contracts before the stock market crash next year, then Cathay City can also reduce its holdings in Furama Hotel before the stock market crash, and buy it back after the stock market crash, so that it can make hundreds of millions of profits; at the same time, You can also use offshore companies to earn a little short, but you don’t need to earn too much. A few hundred million less will not have much impact.

In short, as long as there is a bank that dares to borrow, he can swallow the whale.

What's more, even if there is no other profit, Cathay City can basically obtain sufficient ammunition by selling Wang Kee Building and raising funds twice through rights issues.

After all, Cathay City is backed by the entire new era real estate department, so there is absolutely no possibility of problems.

In the conference room of the Furama Hotel, Lin Zuhui led people to meet Fu Yinzhao, the second generation of Fu Laorong's family, who is very low-key in Hong Kong.

There are many such low-key wealthy families in Xiangjiang, and their family history is all out of the way. In particular, there are some bureaucrats, descendants of warlords, drug dealers and smugglers of Wan Qing and the Republic of China, who are even more reluctant to reveal their wealth.

Lin Zuhui came to the door at this node, and the timing was just right. Since the beginning of this year (1986), there has been a wave of immigration in Xiangjiang, and many rich people are preparing to emigrate.

Among them, there is the Chen Jun family of the "crocodile shirt" brand that Lin Zuhui has always kept in his heart. In his previous life, he sold the crocodile shirt as famous as "Bauhinia" to the Lin Baixin family of Lai Sun Group in September 1987.

What is the symbol of Hong Kong?
Except for Bauhinia, I am afraid that everyone will point to the leather shoes on his feet, the leather goods and clothes on his body and proudly tell you: crocodile shirt.

After an introduction, several people sat down in the meeting room!
Fu Yinzhao is a little old man who is almost 60 years old. He has always kept a low profile, and almost no photos of him appear in Xiangjiang media.

Fu Yinzhao took the lead in saying: "I have heard about Lin Sheng's achievements at such a young age, and seeing him today, I am sure he is extraordinary!"

He wasn't talking flattery, but showing his sincerity. As soon as he saw Lin Zuhui, he could see that although others were young, their momentum was not weak at all, and their face was full of spring-like confidence.

Lin Zuhui said with a smile: "Fu Sheng is too much! I think you know the reason why I took the liberty to disturb you this time. So I want to ask what you mean?"

First is the question of whether to sell or not, and then the question of price!
Fu Yinzhao said without hesitation: "The Fulihua Hotel is the ancestral property of our Fu family. The family has no intention of selling it. I'm afraid it will disappoint Lin Sheng!"

If you don't sell it, why did you agree to meet him? Could it be just to see how handsome you are?

Of course, Lin Zuhui didn't believe it, and said with a smile: "We are very sincere! After more than ten years of operation, Furama Hotel has chosen to go public. It must be valuable. We are willing to buy the shares from your family at a large premium!"

Let's speak louder first, if Fu Yinzhao answers, it means that their family also intends to sell.If you don't answer the connection, it means that others really don't want to sell.

In fact, the reason why Furama Hotel chose to go public was to repay its debts.During the Sino-British negotiations, many hotels suffered a lot of losses, such as Roche’s Regal Hotel, which lost hundreds of millions of dollars at one time, and then had to cut off its wrists and sell it to his son Luo Xurui.

Fu Yinzhao pretended to think for a while, and said, "How much is the premium?"

Lin Zuhui stretched out five fingers and said, "Based on today's market price, the premium is [-]%!"

How shrewd is Fu Yinzhao, otherwise he would not have sold his shares to Lin Jianyue at the price of 31 billion for the price of Fulihua with a market value of only 69 billion during the '[-] Asian Financial Crisis' in his previous life.

"Haha, the market value of Furama Hotel is obviously much lower than the net asset value. Lin Sheng is obviously not clear about this. The premium is [-]%, which may be equivalent to the net asset value, but this is our family's ancestral business, coupled with Xiangjiang's economy It is thriving, and this price is not attractive. Of course, members of our family may not agree to sell the Furama Hotel."

After being rejected, Lin Zuhui was not annoyed, and said with a smile: "It seems that I am not sincere enough, how about this, Fu Sheng and the family members mention it, and I will go back and reorganize the offer. Let's talk next time? Regardless of whether Mrs. Fu intends to sell it or not, we can drink tea together!"

What Lin Zuhui said was that he could raise the price, which made Fu Yinzhao look forward to it!

Furama Hotel has been going downhill in recent years, and its scenery is no longer prominent. After all, the decoration is too outdated, and it can no longer be compared with new five-star hotels. In addition, it has suffered a lot of losses in the past few years, so Fu is considering listing it .

"Okay, I look forward to meeting you next time!"

Walking out of the Furama Hotel, Lin Zuhui said to Lu Donglai beside him: "In the long run, the income of office buildings in Central is higher than that of hotels, so I am looking at this piece of land; as for hotels, maybe they have been in business for ten or twenty years. Demolish this building and rebuild an office building!"

Lu Donglai reminded: "Boss, that Fu Sheng might not agree easily, he might want to kill us!"

Lin Zuhui smiled, and said with a smile: "What is the value of a piece of land from 1982 to 1984?"

Lu Donglai immediately understood what Lin Zuhui meant. His boss was looking at the long-term interests. Central was originally a place where every inch of land was worth every penny. Now it was very difficult to obtain high-quality land and buildings in Central.

"Indeed, maybe after two years, our premium has gone back up."

Now a super building in Central is at the level of more than 10 billion, and what is even worse is the level of more than [-] million, and small buildings are also at the level of [-]-[-] million.

The key is to buy at a premium, unless someone else is in a hurry to immigrate with money, it is possible to pick up and earn, such as the Hongji Building purchased by Cathay City.

To be honest, for the purchase of Furama Hotel this time, the bottom line of Lin Zuhui's heart is a 16% premium, which means that the market value is calculated at 70 billion; if Fu sells 10% of the equity, Cathay City needs [-] billion funds to win it.

Of course, Lin Zuhui wants to fight for a premium of [-]%, after all, the stock market has not yet reached the madness before the August [-]th stock market crash.

Last week of October.

As Lin Zuhui expected, the Hang Seng Index opened above 2300 points, and the stock market was hot.

Wanhui Media raised 1.3 million yuan and Cathay City raised 3.2 million yuan, both of which were higher than planned.

The real advantage of the stock market boom is not the high fund-raising, but the very smooth fund-raising, and the new shares issued are basically swept away.

Friday, April 10.

Lin Zuhui led the team to the meeting room of the Furama Hotel, this time to audit the finances. If there is no accident, the two parties will sign a transaction contract in about ten hours.

Sitting in the conference room of the Furama Hotel, Lin Zuhui watched the auditors, finance, and lawyers review the company information provided by Furama. Everyone was busy, but his mood flew out of the office.

A few years ago, when Li Chaoren purchased Hongkong Electric in the hands of Landmark, it is said that he personally led a group of people and spent only 12 hours checking the financial report of Hongkong Electric, and then reached a 29 billion transaction.

Now, do I count as comparable to Superman Li?

For the purchase of Furama Hotel this time, Cathay City paid an 70% premium to acquire 8.5% of the shares of Fu Laorong’s family; based on yesterday’s closing market value of 10.7 million, Cathay City needs to pay Fu Laorong’s family [-] billion.

Anyway, it was a deal of more than 10 billion, not to mention that I was still so young!

This transaction does not need to be paid in one lump sum, but is divided into three payments in three months, with the first payment being 3 million yuan.This allows Cathay Pacific City enough time to prepare the remaining 8 million cash.

Time passed by, around four o'clock in the afternoon, the answer has initially appeared.

Furama Hotel's financial problems are not too big. The asset value of the hotel is 12 billion, the debt is 0.8 million, and the net assets are 11.2 billion. In the financial report year from 1985 to 1986, the profit of the hotel was 2860 million yuan.

Naturally, Lin Zuhui didn't care about the low profit. What he valued was the value of Furama Hotel itself, and he planned to privatize it after the stock market crash in 1987.

Since there is no major problem, the two parties decided to sign a contract!
In the signing room, the two parties sat on each side, and the lawyers were finally checking the contract.

Fu Yinzhao joked with a smile: "Lin Sheng, there is a stipulation in the contract that if Cathay City does not pay the final payment within three months, then the booking fee and the Furama Hotel will be ours!"

Lin Zuhui said confidently: "As it should be, this is the price of breaching the contract. Xiangjiang is a society ruled by law!"

"Haha, Lin Sheng is very confident. It seems that the bank has established a good relationship!"

Lin Zuhui shook his head, and said calmly: "I haven't talked with a bank yet!"

Fu Yinzhao was astonished, and it took him a long time to kindly say: "As far as I know, apart from raising more than 3 million yuan through rights issues, Cathay City's financial situation is not very strong!"

"Don't worry, Fu Sheng, the bank will sell me face!"

Sure enough, he is young, and he is so aggressive in doing things. At this time, Fu Yinzhao thought so.

In fact, although Lin Zuhui did not negotiate with the bank first, even if there is no bank, Cathay City will not be a disaster.It has both a parent company and a brother company, and it can make up for it by trading Hongji Building and other properties to them!
What's more, when the situation is really desperate, Lin Zuhui can still sell blue chips to make up for it!
Of course, the banker will not reject Lin Zuhui's loan request, this is what he thinks in his heart.

After a while, after the lawyers of both parties confirmed that there was no problem, the two parties began to sign the contract.

At this moment, Lin Zuhui actually felt a little excited, this is a high-quality asset!

It seems that he paid a premium of 11%, but he knew that 69 years later, Fu Yinzhao actually sold his shares to Lin Jianyue, a prodigal son, at a market value of [-] billion, which almost caused Lai Sun Group to go bankrupt in the [-] Asian financial crisis.

In fact, Lin Zuhui has already planned to help Lai Sun Group digest three businesses, crocodile shirts, Asian TV, and Furama Hotel, just in time to save Lai Sun Group.

He is not afraid of losing money. Anyway, the stock market has endless money.

After the contract was signed, both parties carefully collected it, and Cathay Pacific City will hand out a check for 3 million yuan.

But it's the weekend soon, so Fu Yinzhao can only exchange money on Monday.

After the contract was signed, representatives of Cathay City and Fu held a small press conference in the hotel to officially announce the conclusion of the deal.

The next day, those who are accustomed to reading newspapers discovered a big news: Cathay Pacific City purchased 10.7% of the Furama Hotel owned by the Fu family at a sky-high price of 70 billion.

The citizens who are familiar with Cathay City were immediately stunned. This company has just completed asset restructuring, and the money from there has purchased such a large amount of assets.

"The debt ratio is too high! If I had known it earlier, I wouldn't have bought Cathay City shares! This should be bad news!"

"The snake swallows the whale! Lin Zuhui made a bad move this time."

"Still too young!"

Criticism came, and no one felt that Lin Zuhui made the right move.

Even many of Lin Zuhui's partners and friends called. Lin Zuhui could only comfort everyone that Cathay City will be fine soon.

In the morning, Lin Zuhui fell into thinking in the office, how to deal with this crisis of public opinion.

Cathay City still needs a funding gap of 8 million yuan (including taxes). If it is all borrowed from banks, it will obviously not solve the problem of public distrust.After all, 8 million yuan needs 8000 million yuan in annual interest, and Furama Hotel's annual profit is less than 3000 million yuan, which is not even enough for interest.

In the end, he thought of a way, that is, Cathay City sold Hongji Building to Huaren Real Estate for 3.5 million in cash.As a result, the new debt is only 4.5 million.

That way, the situation can be eased a bit!
When the Hang Seng Index reaches 2400 points, Cathay City will sell its securities investment worth 2 million yuan.

In this way, the crisis is temporarily resolved.

Thinking of this, he called Lu Donglai, the general manager of Cathay Property, and Gao Yi, the general manager of Huaren Property.

After the two sat down, Lin Zuhui said: "Next week, I plan to ask Cathay City to sell Hongji Project to Huaren Real Estate at a price of 3.5 million, so as to alleviate the raging public opinion!"

Gao Yi reminded: "Boss, China Real Estate can't come up with 3.5 million cash for the time being!"

Lin Zuhui nodded and said, "Of course I know this. I will make an announcement first, and then we will trade in December! At the same time, I will take a loan of 12 million in the name of Cathay City recently to pay the Fu family."

Then Gao Yi said: "Okay, let's prepare the materials!"

Lu Donglai said: "Then let's announce the transaction news tomorrow, so as not to drag down Cathay City's stock on Monday!"

Lin Zuhui was right after thinking about it, so he said, "Yes! You two can do it, and the contract will be formally signed next week."

The two nodded, and then went to sort out the materials and hand over them vigorously.

The next day, Cathay Pacific City held a press conference.

Lu Donglai attended the meeting on behalf of Lin Zuhui and explained the intention of Cathay City's investment in this move.

"Cathay City is the hotel management flagship of the real estate department in the new era. The acquisition of Furama Hotel is understandable. Moreover, according to our company's estimates, the land value of Furama Hotel may be as high as 8 million yuan, which can bring long-term development to the company. .We value the entire Furama Hotel at 16 billion, which is a reasonable value, and this asset will appreciate in value soon.”

A reporter asked: "If your company borrows heavily, the annual interest generated will be greater than the income brought by Fulihua. Is this investment also a long-term development?"

The implication is very simple, if you can't earn back the interest, what long-term development should you consider!
Lu Donglai still said gracefully: "We will not borrow heavily! We are just converting the company's existing assets into hotel assets. Our Hongji Building has reached a transaction agreement with our brother company, Huaren Real Estate, and sold it to Huaren Real Estate for 3.5 million. At the same time, the securities invested by our company are also worth nearly 2.5 million yuan, and we plan to cash out at the right time to pay for this transaction, so the actual debt incurred this time is [-] million yuan.

At the same time, we have read the financial report of Furama Hotel and found that with the development of Xiangjiang economy, it is estimated that the net profit of Furama Hotel will increase by more than 30% in the next fiscal year, which is 4000 million profit! "

In fact, Lu Donglai had some sneaky thoughts.

Even if the debt has increased by 2.5 million this time, the original debt is still 4.5 million, and Cathay City is also burdened with a debt of 7 million.

After a series of asset exchanges in Cathay City, its main assets are only three parts: first, high-quality properties worth 3.5 million;

Lin Zuhui also thought of this, but he has already planned to invest in futures contracts next year to pay off his debts, so don't worry.

The most urgent task is to have an explanation with the public so that the stock price of Cathay Pacific City will not plummet, and a slight drop will not affect it.

Lin Zuhui's listed companies have never had such fierce public opinion.Of course, Lin Zuhui has already implemented the method of breaking public opinion, and I believe the problem is not very big.

(End of this chapter)