Hong Kong's new giants

Chapter 209 [Participating in the affairs of the big hotel]

On Thursday, Lin Zuhui quickly contacted the two banks to borrow an additional short-term debt of 5 million yuan (3 months); Lin Zuhui's reason is very simple, the value of the shares he holds has greatly appreciated, and the company under his company has basically got rid of the debt crisis.

The banker is not stupid, and Lin Zuhui is the favorite of the banker, and he agreed to lend the loan on the same day.

And Lin Zuhui immediately summoned Liang Zhenxun of New Era Real Estate, and said: "New Era Real Estate arranged a rights issue to raise 10% of the funds this month, and I will fully subscribe."

In the last round of New Era Real Estate’s rights issue fundraising, New Era Real Estate’s rights issue raised 7.5 million yuan, which ended up being used for rights issue subsidiaries; in the end, Chinese Land received 11.5 billion rights issue funds, and Cathay City received 3.5 million rights issue funds ( provided by the other half of the investors).

However, New Era Real Estate did not reap the benefits!

Of course, New Era Real Estate has made a lot of profits in the development site, coupled with the skyrocketing value of the shares held in subsidiaries, so its net assets are also almost 100 billion, which is the moment when it is closest to the market value in history.

Liang Zhenxun said quickly: "Okay, I'll prepare! The new era's fundraising has reached 25 billion. Boss, does the company need to raise funds through rights issue this month?"

Lin Zuhui nodded and said, "Cathay City will raise funds again!"

"Okay, I will arrange it after the New Era rights issue!"

At this time, the market value of Cathay Pacific City has also climbed to 20 billion, so if this wave of fundraising can raise funds to 2 million, in the past few months the rights issue alone has raised funds as high as 5.5 million.

One of the biggest advantages of New Era Real Estate's rights issue fundraising is that Lin Zuhui or New Era Real Estate, as the major shareholder, is a full rights issue, which has played a very good leading role.

After Liang Zhenxun left, Chen Xiaofen also came to Lin Zuhui's office.Since Chen Xiaofen was promoted as a director of the company, it turned out that her direct boss, Chen Bin, had devoted more energy to the development of the site - the start of real estate construction, real estate construction, etc.; of course, Chen Bin was still the general manager of the company, assisting Lin Zuhui in the management Company-wide affairs.

Chen Xiaofen sat on the sofa respectfully, full of ability and dignity, and said, "Boss, we have sold out all the properties in Tsuen Wan."

Lin Zuhui nodded. The real estate in Tsuen Wan has a total of 600 residential units with a floor area of ​​36 square feet, accounting for nearly 15% of New Times Real Estate's sales this year, so he attaches great importance to it.

"This is a good thing! If we don't sell first, we will be passive in the same area. Dasheng Real Estate hasn't started selling yet?"

Chen Xiaofen said with a smile: "No, after all, our real estate has just sold out, and our reputation is better than theirs, but the price is more than 30 yuan cheaper than theirs. Therefore, they will not dare to open for a while, at least they have to Wait for two months!"

It's not just for this reason, Ma Qingwei also wants to make more money!

Then, Lin Zuhui asked about the sales of other real estates, and urged Chen Xiaofen to sell as soon as possible. If the sales of real estates are not good, they can reduce the price by 10% and vigorously promote them.

Chen Xiaofen's heart shuddered, thinking that the boss had predicted something?
Recently, the group has been frantically raising funds through rights issues, and has not adopted large-scale investment. Although it is said that the group's debt reduction this year is a predetermined strategy, it still makes people around Lin Zuhui feel some sense of urgency from the boss.

"Okay, I will organize the sales department to sell out those properties as soon as possible!"

"Huh! You usually pay attention to rest, why do you still have dark circles under your eyes? People can see that I am urging you to work overtime!" Lin Zuhui joked with a smile.

Chen Xiaofen's face flushed, she was indeed under some pressure recently, but of course she was embarrassed to say it, but the boss doesn't like hearing this from you.

"I will adjust it as soon as possible!"

"Well, go, pay more attention to your body, you are my right-hand man, I can't find someone to replace you for a while!"

While urging his subordinates to work hard, Lin Zuhui showed his affection card.

This trick is naturally very effective, Chen Xiaofen can't wait to show her loyalty on the spot!
The next day.

Lin Zuhui brought Lu Donglai and Colbert to the conference room of the hotel to attend the board meeting.

Since Cathay City entered the board of directors of the big hotel on May 5, it has maintained a 'humble', but Lin Zuhui is actually sharpening his sword; he first hired British hotel management expert Corbert from abroad with a high salary, and at the same time, Cathay City also established Has been a professional hotel management team.

At this time, Cathay City is completely a hotel management company, and the company has many hotel talents.

This meeting was proposed by Lin Zuhui, the vice chairman of the board of directors of the hotel, which made Michael Kadoorie Hotel feel a little scared. Is this person going to fight for control?
In the meeting room, after everyone sat down, they all looked at Lin Zuhui.

After four months in the board of directors, Lin Zuhui has gained a lot of influence in the board of directors, which is no less than that of the Kadoorie family; this is why the Kadoorie family vowed to oppose Lin Zuhui's entry into the board of directors, because they knew that Lin Zuhui was not a good stubble.

Mi Gao said: "Mr. Lin, this time you proposed to convene the board of directors, and the proposal was not disclosed, but everyone did not sleep well!" After speaking, he showed a faint smile, as if it was squeezed out.

Lin Zuhui said generously: "I was negligent! The board of directors was convened this time because I think the company will immediately raise funds through a rights issue, and raise 7 million to 8 million funds for the company's development!"

Mi Gao's eyes jumped, the rights issue meant that the Kadoorie family also had to contribute, otherwise the shares would be diluted again.Of course, more than 1 million, the Kadoorie family can easily get it out.

"What is the purpose of the funds?" Mi Gao asked calmly.

This is a good thing, and it is impossible for him to object directly.

Lin Zuhui said with a smile: "Now the stock market is at its peak, and there are many companies raising funds through rights issue. Our hotel has such a good reputation, so naturally we can't lag behind. As for the use of funds, I think you know more than I do, but I still have to raise my own That is, we should start to redeem all the remaining shares of The Peninsula Manila Hotel. My reason is that although the domestic situation in the Philippines has been chaotic since the coup at the beginning of last year, I believe that the situation in the Philippines will be improved within a year or two at most. It will get better. Besides, the price of redemption now may only be [-]% to [-]%, or even that much, which is very easy for us. Once the political situation is stable, we can recover the cost in a year."

As a time traveler, Lin Zuhui knew that the political situation in the Philippines entered a stable and transitional stage from 1989 to 1991. Although the economy did not explode, it was considered stable; and in 1993, the Philippine economy began to recover.

At this time, the Philippines is in dire straits. If it is to redeem the other half of the 'Peninsula Hotel' shares, the price may be [-]% cheaper.

The directors nodded to Lin Zuhui's proposal. The rights issue is expected to raise funds for the development of the company, and the redemption of the shares of the Peninsula Hotel in the Philippines is also a piece of cake.If there is no coup in the Philippines, the partners may not be willing to sell, and now is just an opportunity.

After Mi Gao thought about it, he said, "Okay, let's vote!"

The unanimous vote passed, and Michael did not stop him. He hopes to live in peace with Lin Zuhui now, but the Kadoorie family is also looking for opportunities to buy back the shares of the hotel. As long as the equity reaches 34%, it will be able to stabilize Lin Zuhui.

Next, everyone began to discuss the use of the remaining funds. After all, it was almost enough to repurchase 5000 million shares of the Manila Hotel.

Lin Zuhui didn't express too much opinion, because he knew that the fundraising time of the big hotel was almost from mid to late September.When the August [-]th stock market crash came, I immediately changed the use of the funds, that is, to repurchase the shares of the Peninsula Hotel in Bilever Hills, Los Angeles, and the Peninsula Hotel in New York.

Because the stock market crash will seriously affect the U.S. economy, the repurchase of shares will not be hindered and costly.

With these few achievements, he can be regarded as a leader in the Peninsula Hotel, and then he will plan the future development of the hotel with Mi Gao.If he didn't cooperate, they threatened to kick him out.

After the meeting, Mi Gao invited Lin Zuhui to his office for a chat.

"Lin Sheng seems not very interested in the property business of big hotels, but very interested in the hotel business?"

Lin Zuhui said with a smile: "The name 'Grand Hotel' has already indicated that this is a hotel management company. Mi Gao, I know that your family develops a big hotel based on the principle of 'expensive but not expensive', but my strategy is different. , I am 'the expensive is the most expensive', making full use of the stock market to develop the hotel business of the big hotel. The rights issue does not require us to pay interest, why is your Kadoorie family so conservative?"

Michael immediately said: "When there are too many hotels, the management will not be able to keep up. This will seriously damage the reputation of the Peninsula Hotel brand. Lin Sheng, the hotel company has been established for more than 100 years (formerly known as Hong Kong and Shanghai Hotel), our Kadoorie family No accidents will be allowed.”

Lin Zuhui said lightly: "If the development of the big hotel is too slow, I will not hesitate to privatize the big hotel. I hope you know that I have the strength. I like to use leveraged buyouts the most. I believe the bank will support me. "

Mi Gao was taken aback for a moment, and then saw that Lin Zuhui didn't seem to be threatening him, and suddenly turned pale with fright!
At this time, because the market value of the big hotel is a full 80 billion, the Kadoorie family's shareholding is still less than 15%, because it is too expensive to afford, and it is not worthwhile.

And Cathay City has a full 34% of the shares. If the Peninsula Hotel is privatized, it will have a great advantage. As long as it reaches 51%, it has declared victory.

He dare not bet on whether Lin Zuhui can get 50 billion. If the bank strongly supports it, the Kadoorie family will lose the hotel forever.

"But you also have to consider the risk of the company, right?" Mi Gao resigned and said.

Lin Zuhui said: "Of course, there is no risk in raising funds through rights issue plus reasonable borrowing! My idea is that we plan to invest in the global hotel business. The management of the hotel still belongs to the Kadoorie family. Our cooperation will be accelerated a little bit. invest."

After all, Mi Gao is also a young man (less than 50 years old, but not married), and he admires Lin Zuhui's investment methods, so he is loose.

"Okay, I hope that our two sides will cooperate for a win-win situation!"

The two got up and shook hands to make peace!
In fact, Lin Zuhui didn't want to privatize the hotel, the price was too high.Even if it is privatized after the stock market crash, it will probably need more than 40 billion; even if the bank provides loans, he will have to pay 20 billion himself.

It's not worth it. The hotel industry is not a profiteering industry. Lin Zuhui's enthusiasm for big hotels is purely to improve his influence and reputation, and add some self-esteem.

(End of this chapter)