Hong Kong's new giants

Chapter 175 [Stride forward] (8000 word chapter!)

On Friday, Lin Zuhui came to Cathay City early and summoned Liang Zhenxun, who is also a director of Cathay Pacific, and Lu Donglai, executive director and general manager.

Lin Zuhui was sitting in the office, writing some data on paper with a pen.

After a long time, he made up his mind and said: "At the beginning of December, we need to deliver 12 million funds to the Fu family, which means that there is still 3 million cash left in the account temporarily (1.5 million loans). So, you go and buy this fund into 4.5 For the monthly index contract, there is no problem below 12 points."

Liang Zhenxun and Lu Donglai have long been accustomed to Lin Zuhui's method of using his financial skills to bring profits to the company, and they are no longer as stalwart as they were at the beginning.

Lu Donglai pondered for a while, and said: "Even if the December futures contract is settled, it is estimated that it will not arrive until the beginning of January, and our third final payment needs to be paid in full in early January, and the time may not be too late. However, Our loan this time is 12 million, even if 1 million is embezzled, it is equivalent to a balance of 4.5 million; Cathay City must put in place all the funds for Hongji Building and the sale of securities in December, so as to be safe!"

The implication is that the schedule is so tight, what if something unexpected happens!
Liang Zhenxun, as the director of the entire department of New Era Real Estate, knows the finances of the entire consortium department like the palm of his hand.

So, he said with a smile: "It's okay, both New Era Real Estate and Huaren Real Estate have cash reserves, and they can be seconded for turnover at that time, and there will definitely be no problems!"

As the boss's core confidant, he probably knows the boss's forecast for the Hang Seng Index at the end of the year, which is estimated to be 2500 points.In this way, it is very profitable to do the December futures contract now.

At this time, Xiangjiang's futures contracts were actively traded, with a daily trading volume of 12000 contracts, and the margin alone required about 2.7 million. The market was so large that it could not be digested.

The Hang Seng Index fell sharply this week, from a peak of 2330 points to today's 2180 points, a drop of 150 points; because of this, Lin Zuhui planned to buy the bottom again.

In fact, Liang Zhenxun was also a little nervous at this time:

The average buying point of December futures contracts held by New Era is 12 points (2280 million margin);
The average buying point of the December futures contract purchased by Cathay Pacific is 12 points (2230 million margin);
These two investments have produced losses so far!

The December futures contract purchased by Chinese Land, because it was bought early, the buying point is only less than 12 points, and the current profit is not bad (2000 million margin).

However, Liang Zhenxun is still worried that the Hang Seng Index will fall. After all, he is not a fortune teller, and it is normal to have such worries.

However, Lin Zuhui has been a myth in everyone's mind, the company's influence is huge, and this kind of investment does not need to be discussed with others; no matter whether it is the board of directors or the general meeting of shareholders, no one dares to question the chairman.

"Don't worry! New Times Real Estate is a consortium with enough ability to withstand risks. Moreover, if Cathay City doesn't make more money elsewhere, it won't be able to develop at all. The annual interest alone is enough for us to drink a pot."

Lu Donglai nodded and said, "Okay, I understand!"

This time the snake swallowed the whale, which still brought serious consequences to Cathay City. With the sharp drop in the market this week, the market value of Cathay City also evaporated by 4.5%, leaving less than [-] million.

If it wasn't for the timely press conference earlier, I'm afraid it would have plummeted to less than 4 million!
Time flies, and it is December in a blink of an eye.

During the past 20 days, Lin Zuhui lived a fulfilling life, not because of women, but because of his down-to-earth work style of "consolidating the foundation and cultivating talents".

Because several companies in the real estate department of the new era had to stop their development due to lack of funds, this gave Lin Zuhui time to properly handle the basic affairs of these companies.

Development properties, rental properties, investment properties, securities, futures contracts, every investment is printed in Lin Zuhui's mind.

When he was rectifying the company's internal affairs, the Hang Seng Index also experienced a roller coaster of changes. First, it maintained at 11 points to 2200 points in the middle two weeks of November, and then rose sharply in the last week of November. The Hang Seng Index broke through 2300 points in one fell swoop.

This made Lin Zuhui's hanging heart finally let go!
He estimated that on the settlement date of the December futures contract, 12 points should not be able to escape.

He himself and his company invested a large amount of December futures contracts, naturally hoping to make a profit and close the position smoothly.

After all, many of his plans need to use this money!
One hair will affect the whole body. If he can't make a lot of profits, many of his plans will not be implemented.

Monday morning.

Lin Zuhui convened a high-level meeting in the conference room of New Era Real Estate.

"Manager Li, how is the market of industrial plants?"

Lin Zuhui named Li Rongsheng who is in charge of rent collection/investment properties in New Era Real Estate. He is a newly promoted executive.However, since New Era Real Estate acquired Huaren Real Estate, it has slowly started to focus on land reserves, and the rental properties have been greatly reduced; therefore, Li Rongsheng did not concurrently serve as the company's director.

Li Rongsheng is naturally familiar with the boss's questions, and immediately said: "The price per square foot in Hung Hom and Kowloon Bay is around 550 yuan, the price per square foot in Tsuen Wan and Kwai Chung is around 450 yuan, and the price in Shatin is around 400 yuan; we The average growth rate of the industrial plant in hand is 55%, and the market value is 5.5 million yuan! It is expected to start selling now, and it can obtain a net profit of 1.9 million yuan and a return of 2.6 million yuan!"

"Then start selling, but don't make too much noise!"

"Okay, I will pay attention! Now the industrial plants on the market are very scarce, coupled with the high prices, on the contrary, many people are willing to invest. I believe we can sell them all soon."

Lin Zuhui nodded. The hotter the market, the more people will take orders. Most people's investment theory is - buy up and not buy down.Because in their view, the decline may be panic, how long and how deep the decline, they instinctively feel panic.Instead, buy in the rising market, as long as you buy in, you can quickly make a profit.

The industrial plant still has [-]% profit at most, so Lin Zuhui naturally looked down on it.

Moreover, the return and principal of this investment have already been budgeted for new investment.

Next, Lin Zuhui said to Liang Zhenxun: "What is the total market value of our blue chip investment?"

The blue chip stocks of New Era Real Estate started to be bought in June, when the Hang Seng Index was only around 1750 points, the principal was [-] million, and then the leverage was five times.

Today, the Hang Seng Index has risen by nearly [-]%, and the blue-chip stocks selected by Lin Zuhui are all star stocks among the blue-chip stocks, and their performance has always been very good.

Liang Zhenxun also came at his fingertips immediately, after all, the boss likes subordinates who are prepared and pays great attention to the efficiency of the meeting;

Therefore, many high-level executives have to learn to guess what the boss will ask in the meeting that day, and they have to make adequate preparations.

"As of last Friday, the market value of our blue chip investment was 7.5 million. If we start cashing out now, according to the current stock market situation, we should be able to make a profit of 2.3 million (after commissions and tax deductions), and withdraw funds of 3.3 million!"

"Sell it! The Hang Seng Index should remain above 12 points in December, and even 2400 points are possible! But we have a use for the funds, so we have to cash them out anyway!"

Currently, the total market capitalization of Xiangjiang stock market has exceeded 4000 billion, which is very gratifying!

Xiangjiang has a total population of only 550 million, which is equivalent to saving 8 per capita in the stock market. It can be seen how exaggerated the financial environment of Xiangjiang is!

As far as Lin Zuhui knows, before the August 6500th crash, the market value of Hong Kong's stock market was conservatively above 3000 billion; while Hong Kong's GDP was only 5.4 billion, with an average per capita of [-] Hong Kong dollars.

However, Xiangjiang's geographical location is very good, and it is a model of free economy. There are as many as 1000 million tourists every year, and trade and finance are also unique.

Why are office buildings in Central so expensive?

It is because many foreign-funded institutions and companies have settled in Xiangjiang, and intend to use Xiangjiang as a springboard to share the big cake in the mainland.

The meeting continues.

Lin Zuhui said: "I plan to let New Era Real Estate raise funds for rights issue, 10 share for every 1 shares, and get more than 4 million cash flow. Director Liang, you will be the person in charge of this operation, and it must be completed next week."

The Hong Kong government has recently been discussing the introduction of new rights issue fund-raising regulations, that is, each issuance of new shares cannot exceed 10%.

If Chinese Real Estate wants to raise funds through rights issue, it must complete the rights issue before the regulations are issued; of course, such new regulations and regulations generally have an effective date, so there should be time.

Liang Zhenxun nodded. He had already cooperated closely with the boss, and every time the rights issue fundraising was completed on time, he even led the rights issue fundraising of several subsidiaries.

And Lin Zuhui is responsible for finding the right time. Every time the rights issue fund-raising is guaranteed to be the hottest time in the market, so that the rights issue fund-raising can be completed smoothly.

After all, once the market is sluggish, no investors are willing to raise funds through rights issues.

"Yes, boss! According to the current market conditions, our rights issue fundraising will go smoothly."

Lin Zuhui laughed and joked, "I'm in a miserable situation. I'm afraid I'll have to borrow money for this rights issue!"

A kind of high-level executives laughed in agreement. They were all old employees of Lin Zuhui, and they would not believe that Lin Zuhui was really poor.You know, since New Era Real Estate can make a lot of money in foreign exchange, futures contracts, and blue-chip stocks, doesn't the boss know how to invest a little?

Besides, New Era Real Estate has done the rights issue many times, and the boss has done the rights issue every time and has not transferred it to investors.

Seeing that everyone didn't believe it, Lin Zuhui had no choice but to say: "I really have to mortgage some stock rights issues. My investment is all in the December futures contract!"

Liang Zhenxun said: "The boss can also earn back, the futures contract has performed very well in the past six months!"

Lin Zuhui said with a smile: "That's true! I just feel that I have finally made some money, and I have to raise funds through rights issues and pay off debts. I am really reluctant. However, I am also very pleased that New Times Real Estate has grown up now!"

Even as a child, along the way, Lin Zuhui has been using his personal funds to support New Era Real Estate, which has a market value of 46 billion in New Era.

In the past, New Era was only a quarter of the market value of New World and Henderson (when the market value of New Era was 20 billion), it is now one-third of the market value of New World and Henderson, which can be described as rapid development.

According to this situation, it is no problem that the [-] disaster funds are half of the market value of Henderson and New World.As for the comparison with Sun Hung Kai and Cheung Kong, it is between one-half to one-third.

At the end of the meeting, Lin Zuhui emphasized again: "According to the usual practice, Director Liang will announce the company's investment profits and increase the stock price this week! Let me release the news that our company has made a non-recurring profit of 6 million yuan this year. Don't believe me. Times Real Estate will rise by less than 50 billion next week."

The non-recurring profit of New Era Real Estate in the early stage was already 2 million yuan, and now the industrial plants and blue-chip stocks have each made a profit of more than 2 million yuan, which is a full non-recurring profit of more than 6 million yuan.

New Era Real Estate also invested in 4400 futures contracts with an average buying price of 2280 points. It is expected to make a profit of 12 million by the end of December.

In addition to the fact that this year's development/rent collection of real estate has also made nearly 4 million in profits, the financial report of New Era Real Estate next year will blind the eyes of those who invest, and will rank among the top five most profitable real estate developers in Hong Kong.

It outperforms Hang Lung Properties, and may even be similar to New World!

"Okay, I will definitely release the news."

The next day.

"Daily Daily" published a big news:

Liang Zhenxun, the executive director of New Era Real Estate, said in an interview that the non-recurring profit of New Era Real Estate in 1986 is expected to be around 6 million yuan, and it is predicted that the annual profit of New Era Real Estate in 1986 may be as high as 10 billion yuan, ranking among the best in the world. One of the five most profitable real estate developers in Hong Kong.The non-recurring welcome of real estate in the new era comes from: foreign exchange, futures contracts, property speculation, investment in blue chip stocks and other investments.

For a time, the industry was shocked.

New Era Real Estate was only taken over by Lin Zuhui for less than two years, and its predecessor was a real estate company on the verge of liquidation. Now, its annual profit can rank among the top five real estate developers, which is simply unimaginable.

On the same day, New Era Real Estate raised its water by 8%, and its market value once approached 50 billion.

Two flowers bloom, one branch each.

Lin Zuhui and Zheng Yutong went to Sino Real Estate together, and they chatted in the car.

Zheng Yutong asked when they met: "The non-recurring profit of New Era Real Estate this year is really 6 million?"

He is an important shareholder of New Era Real Estate, so he naturally cares about its interests.

Lin Zuhui said confidently: "It's just too much, it's true! How about it, why don't Uncle Tong come to the company as a director?"

In New Era Real Estate, there are quite a few directors with dry salaries, including retired officials from the political circles, business seniors, and heads of international organizations stationed in Hong Kong.

This is a kind of celebrity benefit. Lin Zuhui likes their contacts, and these people can also receive a dry salary in New Era Real Estate.

Zheng Yutong holds 3% of the shares of New Times Real Estate, and Lin Zuhui also invited him to be a director, but he wanted to fade out of the business world and help his son get on the horse, so he didn't agree at first.

But this time, Zheng Yutong agreed without hesitation, the reason is very simple, he is really optimistic about New Era Real Estate now.Although I was optimistic about it before, there was still the consideration of fellowship.

"Okay, I've taken this director! It seems that I made a lot of money from that investment, haha!"

Lin Zuhui nodded and said, "Uncle Tong, this time I went to Xinhe Real Estate, I want to settle the Twin Towers! 18.8 billion is 18.8 billion. This investment is very worthwhile!"

Zheng Yutong said without hesitation: "You are the one who takes the lead this time, and you have the final say! If it weren't for the consideration of your Huazhi's funding, I would have intentionally settled it as early as November!"

The Twin Towers were also the Benda Center in the previous life, and later called the Lippo Center; the previous Australian-funded Benda Group won it at a price of 1987 billion in 19; the Twin Towers have not yet been completed and are expected to be put into use in 1988.

Located on the Admiralty MTR station, the Twin Towers consist of two towers with 42 floors and 46 floors respectively. The geometry of the exterior is very unique, and it is sculpted by raised cubes of different sizes.The glass curtain wall is designed in a dark color, and the bottom of the two buildings is connected to form a spacious square and passage.The whole building is unique and is considered to be the product of the second generation of modernism in American architectural schools.

The land of this building was auctioned in 1984, and Sino Real Estate teamed up with Everbright Real Estate, Nanyang Consortium, and Japanese consortium to pick up a bargain. It is said that the land price is only less than 4 million.

Before the Sino-British negotiations, the land compensation fee for this piece of land was as high as 19 billion.

Sino Real Estate has already quoted 18.8 billion, and [-]% of the equity has been sold, and the remaining [-]% of the equity has been won by Sino Real Estate.

Lin Zuhui and Zheng Yutong came to Sino Real Estate, and Huang Tingfang and his son received them.

Sino Real Estate is a big friend of Xiangjiang Real Estate. In the mid-to-late 70s, Sino Real Estate won nearly half of the rights and interests in the land reclamation in East Tsim Sha Tsui, almost 90 square feet. Sino Real Estate developed these lands into: Tsim Sha Tsui Center, Empire State Center, Hershey Centre, Wing On Plaza, Nanyang Centre, Tsim Sha Tsui Plaza, etc.

If Wharf dominates Tsim Sha Tsui, Landmark dominates Central, and Hysan dominates Causeway Bay, Sino is the leader in Tsim Sha Tsui East.

However, compared with established real estate groups such as Landmark, Wharf, and Hysan, Sino Land has two obvious differences in investment strategies:
First, Sino Land focuses on real estate development, supplemented by real estate investment; therefore, only Tsim Sha Tsui Center, Empire Center and Happiness Center are reserved, and the rest are put on sale.At that time, the East Tsim Sha Tsui property launched by Sino was very popular in the market, and Wing On Plaza even created a record of being sold out on the same day.

Second, Sino Real Estate often cooperates with the private investment company of the major shareholder, the Huang family, in the development of real estate properties. For example, the Huang family accounts for [-]% of the rights and interests in Tsim Sha Tsui Center.

After the two parties sat down, Huang Tingfang said: "At the auction, Lin Sheng and I didn't know each other. I didn't expect to cooperate so soon."

Lin Zuhui said with a smile: "During the auction that year, New Era Real Estate was short of funds. I did play tricks and made Huang Sheng laugh!"

At the beginning, Huang and his son spent nearly 1000 million more, and the purchase of the building this time almost made them earn back several times.

前世在1987年售价19亿的双子大厦，这一世在1986年11月（11月谈的）就售自己18.8亿，显然黄氏家族也是吃定林祖辉这个狗大户。

Of course, there are also reasons why real estate is hot now. If you don’t buy it at a premium, it may not be attractive enough.

But what is certain is that the Twin Towers will definitely be sold, because there are four consortiums, and if it is leased out, the other three will definitely not agree.

Moreover, Sino Land lost 1982 billion from 1984 to 10 and was almost bankrupt; therefore, it is unlikely to hold such an expensive property.

"There, I think it's a smart move!"

Zheng Yutong said to Huang Tingfang: "We have already agreed to a transaction price of 18.8 billion. The investment of Sino Real Estate is very cost-effective!"

Huang Tingfang said modestly: "If it wasn't for Brother Zheng to give in, we wouldn't have been able to get this project!"

Zheng Yutong shook his head and said: "Of course there were reasons for our unhappiness with the subway company, but I focused more on the convention and exhibition center. My brother has a good vision, and the Twin Towers can make a lot of money; by the way, China Hong Kong City You should be preparing to collect rent, right?"

The land of China Hong Kong City was purchased jointly by Sino Real Estate and the Huang family in 1985 at a price of 3.9 million; Sino Real Estate built a "city within a city" with a modernized Huaxia Ferry Terminal - China Hong Kong City. This investment is also very commendable .

"My brother praised it. The New World Convention and Exhibition Center is a big investment and a big project. China Hong Kong City will indeed be used for rent collection in the future and will not be sold."

Listening to these big guys talking about big projects, Lin Zuhui's heart was burning. Fortunately, his new era real estate department will take off soon. Recently, he has been pumped every day, full of energy.

Soon, we will enter the formal topic.

Lin Zuhui said: "We don't think there is any problem with the price of 18.8 billion! We just want to pay in three months for the delivery, and we will pay the interest generated during the period as usual."

Huang Tingfang said straightforwardly: "Of course there is no problem! Speaking of which, the construction period of the Twin Towers will be capped in nearly a year!"

Lin Zuhui nodded, he is not in a hurry to use it!

But he has already thought of the name of the Twin Towers, which is "Huazhi Center". Huazhi was originally the abbreviation of "Huaren Real Estate". Lin Zuhui is quite fond of this name.

Soon, the leaders of the two parties reached an agreement, and agreed that on the 22nd of this month, the two parties would sign a formal contract in the lawyer's office.

The reason why the contract was signed after 20 days was because Chinese Property also had to raise funds for the first payment.

Back at China Real Estate, Lin Zuhui convened a group of high-level executives and began to arrange to raise funds for market capitalization. Liang Zhenxun also attended the party. He is also a director of three companies and has the most things to do.

Lin Zuhui said:
"The first cash-out funds, the shares of Hong Kong and Macau Development, we all choose to cash out, without keeping a share, we can make a profit of 5000 million to 6000 million."

"The second tranche of cash-out funds, leveraged blue-chip stocks, has also begun to sell. It is expected to make a profit of 4 million yuan and withdraw 6 million yuan."

"These two funds will be cashed out within two weeks!"

Gao Yi said: "Well. At the end of October, we made 10 million in Bank of East Asia stocks, and now we have 8000 million in cash in our account. That is to say, we can collect 1.5 million in cash flow before the 25th!"

Liang Zhenxun added: "We need to pay Cathay City a fee of 3.5 million to buy Hongji Building!"

Chinese Land also invested in 7500 December futures contracts at a cost price of only 12 points. The proceeds are expected to return 2000 million yuan in early January next year.

However, you can't count on it in December!

So Lin Zuhui said: "I will persuade the bank to provide us with a debt of 10 billion for the acquisition of the Twin Towers. This is not difficult!"

Everyone nodded. That's true. The value of this property is 19 billion, and the bank is willing to loan 12 billion.

Then, Lin Zuhui said: "Once the blue chips are cashed out, we can release news in the market to stimulate the company's stock price. At the end of the year, we need to complete a rights issue to raise funds. Including futures contracts, our Chinese property has also earned 10 billion this year. This is A very remarkable number, enough to make our market value soar to 28 billion (currently 22 billion).”

Gao Yi nodded and said, "I will hold a press conference then!"

At this time, Liang Zhenxun said, "Boss, do you still have an acquisition target?"

A group of high-level executives cast their eyes one after another, and they were also thinking that China Real Estate had raised a lot of funds, and the boss seemed to plan to raise a large amount of rights issue, which showed that he was not satisfied with the acquisition of the Twin Towers.

Lin Zuhui nodded and said, "Let's look at the situation of the rights issue fundraising first!"

But he didn't say that he wanted to buy the two buildings of Hongkong Land, after all, everything is still unknown.

Step by step, the three companies of the New Era Real Estate Department, New Era Real Estate, Chinese Real Estate, and Cathay City, are equivalent to doing a joint action.

Soon the Xiangjiang industry and investors will sigh - Superman Lin is here!

Since Wednesday, Lin Zuhui has been running the bank. China Land needs to borrow 10 billion to buy the Twin Towers; such a huge loan naturally requires several banks to borrow in combination.

Lin Zuhui also needs a personal loan of 2.5 million yuan to raise funds through rights issues, using stock pledges.

At this time, when he invested in blue-chip stocks in June, he had already increased his personal holdings to 45%.

Therefore, if New Era Real Estate raised 5 million yuan this time, he would need 2.25 million rights shares!
Of course, the 2.25 million rights issue funds are nothing. Lin Zuhui will be able to withdraw more than 9 million funds from the futures contract in January next year.

A week passed in a blink of an eye.

Tuesday, July 12.

New Era Real Estate successfully completed the fundraising through rights issue, and the scale of raising 5 million yuan also caused a lot of influence in the industry.

Many media have commented on the usual tactics of the new era: releasing good news before raising funds through rights issues, and then absorbing a large proportion of funds. The action is fast and ruthless.

Some media even concluded that the timing of each rights issue of New Era Real Estate is just right, which is related to the super financial ability of its boss.

New Times expects to obtain 11 billion in cash this month, of which 6 million has been withdrawn from industrial plants and blue-chip stocks.Of these funds, except for the 5 million reserved for Huazhi’s rights issue, the remaining 6 million will be used to purchase land and old buildings.

As a real estate developer, as long as he has land and old buildings in his hands, he can use their mortgage loans to develop real estate.At this time, the land reserve under New Era Real Estate is worth 28 billion yuan, which is already quite rich.This level is almost [-]% of that of Sun Hung Kai and [-]% of that of Henderson.

At the same time, New Era Real Estate also owns development properties worth 9 million yuan, holding 16 billion shares in subsidiaries, 6 million yuan in rental properties, and 1 million yuan in futures contracts.

The asset value soared again, reaching 60 billion; the debt was 17 billion, the net assets were 43 billion, and the market value was 55 billion.

The market value ranks eighth among real estate companies, surpassing Hang Lung Properties and Hysan Properties.

Of course, there is also Amoy Real Estate under Hang Lung Properties, whose market value is almost 1.5 times that of Chinese Real Estate;
Moreover, the market value of New Era Real Estate is very watery, estimated to exceed [-]%.

At the weekend, Huaren Real Estate held another press conference. Gao Yi briefly announced the great achievements of Huaren Real Estate at the press conference.

"The profit of Chinese Land this year is expected to exceed the 10 billion mark, of which the profit from securities and futures contracts is about 7.6 million, the net profit from Hong Kong and Macau development is 1.4 million, and the net profit from property rental is 1 million."

All the reporters looked at each other, another 10 billion?
The enthusiasm for the press conference was instantly ignited, and questions were thrown out one after another.

"Excuse me, Manager Gao, did your company's securities investment come from Chairman Lin?"

"All the investments are made by the investment department of our company, and the chairman is also in this department! The main business of Huaren Properties is investing in properties and securities. Our company's investment department has strong investment capabilities. This is what the company can do in In less than a year, the root cause of such achievements. Of course, the market has risen by more than [-]% this year, which is also the reason why we can make profits."

"Excuse me, Manager Gao, has your company used high-leverage investment methods?"

"We do use leverage, but it is within a reasonable range! For example, the futures contract itself is five times leveraged, so I think this leverage is reasonable. Of course, it is normal for everyone to be concerned about whether there is risk. But Everyone knows that our company's investment in the development of Hong Kong and Macau can be described as a classic battle!"

"May I ask Manager Gao, has your company's futures contract been delivered, or is it the profit generated by the December futures contract?"

"Part of the profit has been made in September, and the futures contract investment in December also has."

On December 12, Chinese Land raised funds through the rights issue: one share for every five shares, raising a total of 18 million.

At the same time, the situation of Chinese Land’s rights issue funds:
The company's account capital is 8 million (sales of blue chip stocks, Hong Kong and Macau Development, Bank of East Asia), 5.5 million in rights issues, 10 billion in special loans, and a total of 23.5 billion in funds.

Chinese Land and New World Land jointly purchased the property development right of the Admiralty MTR station "Twin Towers" - renamed as Huazhi Center, the transaction capital was 18.8 billion; Chinese Land accounted for 15.04% of the shares, and needed to spend 15.8 billion, including tax [-] billion.

Chinese Land purchased Hong Kee Building from Cathay City, with a transaction value of 3.5 million yuan, including 3.68 million taxes.

After the two transactions, there is still 4 million in cash left in the account of Huaren Real Estate, and there is a futures contract worth 3.5 million, and the value of other properties and securities is also 15 billion.

At this time, the debt of Chinese Land was approaching that of New Era Real Estate, as high as 16 billion, only 1 million behind.

The asset value of Chinese Land is 42 billion, and the net assets are 26 billion.

Its net assets have increased by more than four times compared to March this year!

The next day, Friday.

The consortium formed by Chinese Real Estate and New World Properties completed the contract with Sino Real Estate ahead of schedule, and completed a property transaction of up to 18.8 billion.

After the signing was completed, the two parties held a press conference to announce the details of the transaction.

The reporters at the press conference dug out the first-hand news one after another. You must know that the real estate department of New Era has completed two transactions of more than 10 billion in the past two months, which can be said to have blinded the eyes of people in the Xiangjiang industry.

A reporter found fault and asked: "Manager Gao, as far as I know, the Huazhi Center will not be delivered until 1988. In other words, now you need to pay about 1.6 million in interest every year, and the normal profit scale of Huaren Real Estate is probably only [-] million yuan. That’s the number! Doesn’t it mean that the annual income of Huaren Property is only enough to pay the interest?”

Gao Yi joked: "I remember that some reporters questioned the parent company of Huazhi in the past, and it was the same problem. Facts have proved that the profit of New Era Real Estate this year is said to exceed 10 billion. As for Huaren Real Estate, this year's profit is almost the same as that of New Era Real Estate. The real estate is at the same level. As for next year, our China Real Estate is still a vigorous investment company, and we will not disappoint investors!"

It's so fucking domineering, and all the reporters are guessing that the person who created this miracle should only belong to the 'love tycoon'.

　The update should start at 8 o'clock in the morning!

　　
　
(End of this chapter)