Hong Kong's new giants

Chapter 195 [Falling into Competition]

Monday, May 3.

Liang Botao hurried to Lin Zuhui's office and put a newspaper in front of Lin Zuhui.

"The media reported that Chen Jun's family intends to sell 'crocodile shirts'. It seems that we are going to increase our competitors!"

Lin Zuhui calmly picked up the newspaper, read it, his face was calm, as if he was not so eager to get the 'crocodile shirt'.

Liang Botao nodded inwardly, this man is already a hero in his work.He knew that Lin Zuhui was very concerned about the 'crocodile shirt', otherwise he would not have basically used his shares in listed companies as collateral.To put it bluntly, if any accident happened, Lin Zuhui would lose everything, and it would be very difficult to get up again.

After a long time, Lin Zuhui put down the newspaper and said, "Who do you think our opponent will be?"

Liang Botao immediately said: "Lin Baixin of Lai Sun Group, their family has represented French crocodiles, and Lin Baixin himself has expressed his love for 'crocodile shirts' for a long time."

Lin Zuhui nodded, with a relaxed smile on his face, and teased Liang Botao: "If you don't help Chaoshan people this time, you Chaoshan gang will have to fight Lin Baixin!"

Lin Baixin is the leader of the Chaoshan Gang, and Liang Botao is also the "capitalist of the Chaoshan Gang", so Lin Zuhui said this.

Liang Botao responded: "It's not a ring fight. I suspect that Dr. Chen Jun deliberately released the news that his family intends to release the listing, and then attracted two people to come to bid! I didn't expect that Dr. Chen Jun has such a big appetite. We quoted 20 yuan per share. A full premium of just over 2% is not enough!"

Lin Zuhui nodded and said, "It must be the news from Chen Jun's family! It's okay to invite our two families to participate in the bidding. The crocodile shirt is not something I don't want to buy. Of course, Lin Baixin wants to snatch the crocodile shirt from me. Easy! To tell you the truth, my highest price is 22 yuan per share!"

Liang Botao was surprised, and then said: "This is a premium of more than [-]%, and you even said that it is not your non-buy item. At this price, it is basically impossible for the Lin Baixin family to pay."

Lin Zuhui nodded and said, "I think so too! Regardless, it depends on what the Chen Jun family plans to do. Anyway, I will pay this price!"

The Chen Jun family owns 73.5% of the shares in Crocodile (listed companies, the founders only need to sell 25% of the shares to the public), and the total share capital of Crocodile is 8000 million shares.So based on 22 yuan per share, it would cost 73.5 billion to buy 12.9% of the shares held by the Chen Jun family!
This price was the previous Lin Baixin family's bid in September!
Lin Zuhui guessed that at that time, the Chen Jun family saw that the stock market was booming, and the share price of the crocodile shirt had risen to 22 billion, so they intended to put it on the market and sold it to the Lin Baixin family at a par price.

Now, Lin Zuhui took the initiative to come to the door. The Chen Jun family is not stupid. It is impossible to sell it to him at a fair price. They are not even satisfied with the premium of [-]%. They deliberately released news to attract the Lin Baixin family to come to bid.

Of course, it is also possible that the Chen Jun family thinks that the crocodile shirt is worth the price. After all, the company is located in the Crocodile Shirt Building in Central (two phases, covering an area of ​​only 6000 square feet), and has 30 square feet in Hong Kong Island. A number of retail outlets, three factories, and an overseas sales network.

Of course, it can't be an auction-style bidding. Lin Zuhui and Lin Baixin would not be so stupid to participate. At most, they would use bidding.The two companies wrote the highest price in an envelope, and then delivered it to the crocodile shirt office, and Chen Jun won it according to the highest price.

Liang Botao finally said: "Regardless of the bidding result, why don't you talk to the banks about the loan first?"

Lin Zuhui nodded and said, "Well, I have pledged the original shares of Wanhui Media, and I have paid off the loan (speculation refers to the remaining funds). Now I plan to use the entire shareholding of Wanhui Media to add part of the New Era The real estate holdings are used as collateral to borrow 13 billion from various banks. Of course, this transaction must be concluded to take effect."

Liang Botao reminded: "Recently, the Hang Seng Index fell to 2700 points. What do you think of the market outlook? Do you need to liquidate some blue-chip stocks?"

Lin Zuhui said confidently: "No need, our buying point is below 1800 points, I am confident that this time the adjustment will be at most until the delivery of the futures contract at the end of April, and it will rise again soon."

Only then did Liang Botao nod his head. He just wanted to remind Lin Zuhui that the reason why you dare to borrow heavily to buy crocodile shirts is because the blue chip stocks you invested in have already made a lot of money; if the stock market performs badly, Lin Zuhui's financial situation will be in danger After all, Lin Zuhui has mortgaged his real hole cards - Wanhui Media and New Times Real Estate.

Fortunately, Lin Zuhui's buying point is below 1800 points, and the current profit is almost 15 billion, so a small adjustment is fine.

Lin Baixin's family.

Lin Baixin also urgently summoned the 'old retainer' Cao Guangyu, his sons Lin Jianyue, Lin Jianmin, etc. to discuss the acquisition of crocodile shirts.

For crocodile shirts, Lin Baixin has long been eyeing, but Chen Jun's family controls a full 73.5% of the shares. They have no intention of releasing the market, and no one can take it away.

The crocodile shirt is the first Chinese famous brand to go to the world, and it is the pride of the Chinese nation. How can Lin Baixin not be moved.

"I heard that someone is already in contact with Chen Jun's family, who do you think it is?"

Lin Jianyue immediately said: "I have already inquired clearly. It seems that Liang Botao is in contact with Chen Jun's family. But Liang Botao must be someone else's consultant, and Lin Zuhui should be behind it!"

Lin Baixin frowned, and said unhappily: "Isn't he fighting with the Kadoorie family? How come he still has the energy and money to play the crocodile shirt idea!"

He was a little afraid of Lin Zuhui, not because he was afraid of Lin Zuhui's wealth, but because he was afraid that Lin Zuhui would disrupt the market and bid in confusion; you know, when Cathay Pacific City bought the Furama Hotel, it paid a full [-]% premium, which shocked the Xiangjiang business community.

Lin Jianyue said: "I have played with him. He is the kind of person who likes premium buyouts and leveraged buyouts. He is not afraid of borrowing money. As long as there are banks willing to borrow, he is not too much."

For a while, Lin Baixin also thought about how to make the acquisition successful!
The old retainer Cao Guangyu said: "Who released the Chen Jun family to release the listing? If I guessed correctly, it must be Dr. Chen Jun himself. Then, his purpose is to lure you, the boss, to join the bidding. Therefore, we should go to Chen Jun Let the family inquire about what the other party's price is, and then make a decision, or wait for the Chen Jun family's plan to make a bidding method!"

Lin Baixin nodded and said, "That makes sense! I'll come to test the price myself!"

On Wednesday, Lin Zuhui, through his personal consultant Liang Botao, publicly announced that he was planning to acquire 'Crocodile Shirt'.

For a while, Hong Kong and Kowloon were shocked again because of Lin Zuhui.

The first quarter of 1987 was not yet over, and the young chaebols were attacking cities and territories everywhere. Their courage and skill were not as good as those of the older generation of chaebols.For a time, Lin Zuhui's reputation once again resounded in Xiangjiang, majestic and majestic.

Lin Zuhui took Liang Botao to visit Chen Jun, the owner of Crocodile Shirt.

Chen Jun is 70 years old this year, and he is generally called "Dr. Chen Jun" because he was awarded an honorary Doctor of Laws degree from Andrews University in Michigan, which is one of his most proud things.

The reason why Chen Jun is willing to sell crocodile shirts is not only that he intends to take capital and immigrate to Australia; but also that his two sons have no intention of operating crocodile shirts.

As soon as we met, Chen Jun said politely: "Sure enough, a hero is born in a young age. There are very few successful business people at your age who have achieved such success in the world."

Lin Zuhui was taken aback for a moment. He suddenly thought that he seemed to be famous overseas, especially in the United States and the United Kingdom.
"You are being polite! There are many people who are more successful than me! I just like taking risks!" Lin Zuhui said with a smile.

Anyone who understands knows that both Lin Zuhui and Lin Zuhui's company are heavily in debt, and there seems to be nothing to praise.

As for Lin Zuhui's personal cash wealth, it has basically not been spread out. Even this acquisition, everyone outside knows that Lin Zuhui mortgaged the shares of Wanhui Media and New Times Real Estate.

"Haha, I will not comment on your leveraged buyout method, we are old anyway!"

After the two parties sat for a long time, they chatted briefly and got straight to the point.

Lin Zuhui asked: "Dr. Chen Jun, I heard that Lai Sun is also interested in buying crocodile shirts?"

This time, I came here to determine how to bid. If the Chen Jun family is not greedy enough and wants to engage in bidding; or, after winning the bid, they immediately regret it, then no one will play with you. The reputation of the Chen Jun family It's over too.

"Yes, haven't you already heard the news!" Chen Jun said with a smile.

Looking at the smiling tiger in front of him, Lin Zuhui was a little annoyed.

However, he was still calm, so he said: "Well. In this case, is Dr. Chen Jun going to sell it? Or how to bid? Please give us an accurate answer. After all, my bank needs to confirm that every day There will be a lot of interest generated.”

Chen Jun pretended to think about it and said: "Actually, Lin Sheng, you should understand that you came to buy it on your own initiative, and we didn't intend to put it on the market! However, since both of you are sincere, I hope that the one with the highest price will get it. If it is the same price, Lin Sheng will get it for you, because you are the first one to come to buy it."

"How can the highest price win?" Lin Zuhui pressed further.

The longer the time is delayed, the more it is not good for yourself.

Seeing Lin Zuhui's expression, Chen Jun knew that if he deliberately asked the two companies to raise the price again, one of them might withdraw; if one withdraws, the other might not be willing to pay a high price.

"How about it! On March 3th, the two of you hand in your quotation envelopes, and we will determine a high price to obtain the right to purchase. However, I am not very satisfied with your quotations, so the new quotation must be more than 25 yuan per share! "

Lin Zuhui nodded and said directly: "Okay, we will participate on time!"

The price in his heart is 22 yuan, but in fact he will not quote 22 yuan, and it is estimated that he will quote 21.5 yuan at most.That is to say, his highest bid was 12.6 billion to buy 73.5% of the shares held by the Chen Jun family.

(End of this chapter)