Hong Kong's new giants

Chapter 200 Chapter 228~229 [New Hunter VS Old Noble]

Cathay City Hotel Management Company.

Lin Zuhui was in the office, thinking about how he could gain the trust of the small shareholders for the 'Grand Hotel Shareholders' Meeting' half a month later.

At the beginning of next month (May 5th), the general meeting of shareholders of the hotel was officially held. The term of chairman Michael Kadoorie has expired, and shareholders need to re-elect a new chairman.At the same time, Cathay Pacific City's proposal to "send directors to major hotels" on the board of directors will also be voted on that day.

For these two agendas, Lin Zuhui naturally hopes to win;

But he is also prepared to take second place and win the second proposal of 'appointment of directors'.

The public opinion war between Lin Zuhui and the Kadoorie family has been going on for almost two months, and it is time to enter the final stage of the sprint.

For small shareholders or ordinary investors, the least favorite situation is to face uncertainty. The Kadoorie family has managed the hotel for decades. Small shareholders are naturally worried that Lin Zuhui will take over the hotel. It will expand too fast, or spin off the big hotel.

Of course, Lin Zuhui is not without advantages, unlike the "notorious" Liu in his previous life, he is a famous expert in bone dismantling.Lin Zuhui enjoys reputations such as 'company doctor' and 'wonderful hand rejuvenation'.

In addition, Lin Zuhui's shareholding is 20% higher than that of the Kadoorie family. I really don't know who will win the shareholders meeting!
A smile appeared on the corner of Lin Zuhui's mouth!In fact, no matter how the shareholders' meeting is, he has a trump card, so why worry too much?

Thinking of this, he immediately felt relieved.

After a while, he took out a pen and paper and began to write a 'press release' - "How to Save the Old Nobleman - Peninsula Hotel".

This is a speech he intends to publish in a newspaper. With his forward-looking vision and his understanding of the hotel industry in recent months, he expounds the current problems encountered by major hotel companies and the general plan for future development.

The content is probably:
[-]. The pace of global expansion of big hotels is slow; the Peninsula Hotel is lying on the halo of the past, and sooner or later it will consume the glory of the original position in the Hong Kong hotel industry, and it is not as good as it used to be.

[-]. With the development of international tourism, The Peninsula Hotel should be more active in its development and expand globally.

[-]. The famous hotels in the world should start to dominate the hotel industry in the world with their own expansion, and then with the model of hotel joints (represented by Hilton, Sheraton, etc.).

[-]. Criticize the Kadoorie family's development principle of "the more expensive, the more expensive, not the more expensive", and the development principle of "more expensive, more expensive" should be formulated.

Lin Zuhui even blatantly concluded at the end: after 20 years, the annual income of the big hotel will be less than the net profit of a building in Central, and the glory of the past will be replaced by the new generation of hotels, referring to the rising Regent Hotel.

After closing the manuscript, Lin Zuhui showed a satisfied smile. Regardless of whether this 'speech' gets everyone's approval, he will develop the 'Peninsula Hotel' brand into a world brand.

Lin Zuhui's "How to Save the Old Aristocrats—Peninsula Hotel" aroused huge public opinion in Xiangjiang, with mixed voices coming.

Some people criticized Lin Zuhui as 'too risky', while others praised Lin Zuhui as 'forging ahead'.

Of course, it was the Kadoorie family who reacted the most. They immediately organized language to refute Lin Zuhui in the newspapers, and once again 'intimidated' a group of small shareholders. Cathay City's taking over the hotel would bring a 'devastating disaster' to the company.

Is the Kadoorie family really so confident?

Not necessarily!
At the family meeting, Lawrence said to his son Mi Gao seriously: "This Lin Zuhui is not Liu Luanxiong, and his reputation is much better than those snipers. In addition, he has his own 'great achievements', and he is likely to be recognized by some shareholders. So we We must also think about possible surprises at the general meeting of shareholders, that is, Lin Zuhui is elected as the chairman of the board of directors, or Cathay City joins the board of directors, so what should we do?"

Different from the previous life, Lin Zuhui put great pressure on Kadoorie, and it was even more difficult!
Of course, the Kadoorie family would never have imagined that Lin Zuhui's ultimate trump card was to privatize the Grand Hotel.

Mi Gao nodded. He also felt the strong pressure brought by Lin Zuhui, and he had been in contact with Lin Zuhui many times, and found that he was always so confident and intimidating.

"Even so, our family will not give up the big hotel! At least, our reputation in the company is still far greater than that of Lin Zuhui. He is just relying on the fact that he owns more shares! If that happens, I plan to immediately Cooperate with Lin Zuhui, and resolutely maintain our family's management of the hotel." Mi Gao said seriously.

From the current point of view, Lin Zuhui does not have the strength to privatize the hotel, so in the worst case, the two must jointly manage the hotel.However, the Kadoorie family has been running a large hotel for so many years, and the management and shareholders have very high recognition. Lin Zuhui can easily change it.

Lawrence nodded, agreeing with his son's statement.

"Yes, even if it is cooperation, we must also maintain the honor of our family. Of course, I have convinced most of the shareholders that the Kadoorie family will defeat Lin Zuhui at the shareholders' meeting."

In fact, for Lin Zuhui, he doesn't want to privatize the hotel either, because the cost is too high and it's not worth it.He also has another expectation, which is to cooperate with the Kadoorie family. He is in charge of the general policy and global layout, and the Kadoorie family operates/manages the hotel.

Lin Zuhui also started to visit the small shareholders of the big hotel to persuade them to support Cathay City at the big hotel shareholders meeting.

"Ma Sheng, I believe that Lawrence must have come to you, but first of all, I would like to say that I will never maliciously split the hotel. I really want to participate in the development of the hotel and provide pioneering suggestions."

At this time, Lin Zuhui made an appointment with Ma Yanzhang, an important shareholder of the hotel. According to Liang Zhonghao, he held about 2% of the shares.

Ma Yanzhang is a veteran businessman, but he is also Chinese, so Lin Zuhui made an appointment, and he politely agreed, of course he knew what was going on.

"Lin Sheng, our shareholders are actually very worried. You will 'develop' the big hotel like the real estate department of the new era. After all, we want to be more stable." Ma Yanzhang said worriedly.

Lin Zuhui said with a smile: "Grand hotels are the hotel industry, and it is impossible to 'expand too fast' like the real estate department of the new era. I have no such plan. However, we must also understand that, as I analyzed in the newspaper, if we If it is too conservative, will the big hotel decline? Therefore, what I hope is to cooperate with the Kadoorie family, we complement each other, and everything is for the better development of the big hotel.”

Ma Yanzhang immediately said: "Do you mainly want to join the board of directors? I can support that!"

Lin Zuhui said: "Chairman of the board of directors, I also want your support. Of course, you don't need to express your opinion! I just want to say that the Kadoorie family is very good at running hotels, but they have neglected development and expansion. I think they are deputy , I do the forehand, so that the hotel can be better developed. What needs to be explained is - I have never let investors lose money, and my shareholders have made a lot of money!"

Ma Yanzhang's eyes lit up immediately, yes, has this guy disappointed the shareholders?
Lin Zuhui accepts as soon as he sees a good deal, and does not put too much pressure on any shareholders. He will first keep his position on the board of directors, and then seek the chairman of the board of directors.

late April.

Lin Zuhui works in New Era Real Estate. He first checked the land sales plan, and then checked the financial statements.

In the whole year of 1987, New Era Real Estate is expected to launch 18 sites with a floor area of ​​about 170 million square feet.

This output is only less than two-thirds of Henderson Land in 1986. Henderson Land sold 300 million square feet of residential floor area last year.

But Lin Zuhui is already very satisfied. Sun Hung Kai and Henderson are known as "building factories", which is not in vain.As for New Era Real Estate, it only took three years to develop before Lin Zuhui took over.

As for the plan for next year (1988), as far as Lin Zuhui knows, Xiangjiang’s real estate only fell by 10-15% after the August 1988th stock market disaster. Four percent.

Overall, the sales plan for 1988 was higher than the sales floor area in 1987, reaching about 230 million square feet.

For the company's performance forecast, Lin Zuhui and the management team are very attentive and have put in a lot of effort; they must grasp the site handover and building construction dates, sales dates and occupancy dates.If every link is delayed, it will inevitably affect profit gains and capital return.

Not only that, but New Era Real Estate needs to let investors and international investment funds know about New Era shares, understand the excellent quality and appreciation potential of the stock; therefore, it takes a long time to promote and accept interviews from funds and newspapers tirelessly. Increased transparency and reliability of earnings forecasts.

Lin Zuhui was very satisfied with the real estate plan, and then checked the accounting issues.

Soon, he called Liang Zhenxun: "I found that the company's cash flow is not bad, and a sum of 2 million yuan can be used for about half a year!"

Liang Zhenxun knew what happened, so he replied: "There is really no problem in using 2 million funds. After all, our follow-up payment speed is very fast, and it will not affect the repayment time of the company's debts and the construction of the real estate."

Lin Zuhui nodded, and then said: "Well, use 2 million funds to invest in the September futures contract, and do it right away! It's still the old rule, buy in batches, don't startle the snake!"

The so-called alarming the snakes is definitely just not to alarm the market too much, but it must have some influence.

Liang Zhenxun said cautiously: "En. The boss infers that this wave is an adjustment, and there is another wave of market prices?"

Since the beginning of March, the Hang Seng Index has dropped from the highest point of 2950 points to 2710 points.The boss bought the futures contract just now, which shows that he is very optimistic about the market outlook and believes that now is the time to buy the bottom.

Lin Zuhui nodded, and said, "In short, it won't fall. It's no problem to rise to 3200 points this round. What's the economic situation of Xiangjiang!"

Liang Zhenxun had no doubts, so he went to work!

At this time, the three parent companies of the New Era Real Estate Department all invested in the securities business:
New Era Real Estate invested 2 million in the September futures contract. According to the current situation, the average price may not be higher than 9 points. In this way, after the delivery at the end of September, New Era Real Estate may make a profit of 2710 million.

Cathay City Hotel Management Company invested 9 million blue chips (3 million deposit), which was purchased at the beginning of the year, and the conservative profit was 3.6 million to 4 million.

Chinese Land invested 2 million in the September futures contract, which was bought in March. The average price is 9 points, and it may also make a profit of about 3 million.

Unknowingly, another 11 billion profits were made for the shareholders of the three companies!
There is no way around it. If Lin Zuhui doesn't make any money, once the stock market crash comes, the debt of each company will be too high, and there may be a debt crisis. At that time, Lin Zuhui, the major shareholder, will lose the most.

Who told Lin Zuhui to let his company expand too fast?
Although Lin Zuhui has made billions for the company, he doesn't feel a loss at all because he will earn back from the company sooner or later!For example, he will take advantage of the '***** stock market crash' and real estate prices have fallen by 30% to 35%, and sell one or two high-quality buildings to his family.Anyway, I was just looking for an opportunity, and I still wanted to earn some money from the company.

To buy so many buildings for the company (and will invest later), there must be a few buildings that are temporarily kept by the family.

In the News Building, Lin Zuhui works in his office on the 10th floor. Since the beginning of this year, he has only devoted about one-fifth of his energy to Wanhui Media.Fortunately, Wanhui Media is already a mature media group, and its management team is quite powerful.

After a while, Long Jingchang was the first to report to the office.

"Boss, our "Feng Yun" comic magazine has exceeded 11 copies, and it is already among the top 5 best-selling comic publications in Hong Kong."

Lin Zuhui said happily: "This is a good thing. It took less than four months to achieve this result. It seems that Ma Rongcheng has some skills."

Long Jingchang responded: "There is also a boss's outline with a very good theme, which inspired Ma Rongcheng's team a lot. Otherwise, why would "Feng Yun" surpass his original "Chinese Heroes"!"

That's for sure!
For a movie, a comic, or a novel, the subject matter of the outline must be very important, there is no doubt about it!
"What about the cost of profitability?"

"The monthly profit is currently conservatively around 100 million!"

Lin Zuhui smiled, and said proudly: "It took only half a year for us to prepare for the opening, and the comics industry has reached one-fifth of the Yulang Group. Huang Yulang knows it, so he won't speak out again! "

"Yes, he will! His kind of person can't be changed!" Long Jingchang said without hesitation.

Lin Zuhui was taken aback for a moment, as if it was the same!

"How about Ma Rongcheng's security?" Lin Zuhui said.

In order to learn from the experience of the previous life, Wanhui Media provided Ma Rongcheng with a business car and two bodyguards.

The cost is not much, only [-] more per month (ordinary bodyguards), buy peace of mind!
"No problem! I also asked someone to warn Huang Yulang, he didn't dare to make trouble!" Long Jingchang said firmly.

Lin Zuhui nodded, and after a year, the expenses can be saved.

After Long Jingchang finished his work report, Lin Zuhui leaned back on his seat and thought about how "Manfai Media" would operate before and after the stock market crash?
At present, the opening of Lin Zuhui's warrants can also offset the 9 million rights issue, while Wanhui Media's market value is around [-] million.

Soon, Lin Zuhui decided to raise [-] million cash from Wanhui Media's rights issue from July to September, and delay the use of funds until after the stock market crash.

At that time, a small bargain-hunting property!
In this way, Wanhui Media is equivalent to property assets worth more than [-] million yuan.

When it is necessary to develop the media field in the future, these appreciated properties will be sold or mortgaged to expand the strength of the media field and develop through acquisitions on a large scale.

(End of this chapter)