Hong Kong's new giants

Chapter 225 Chapter 261~262 [Planning Superman Li's project]

After the Spring Festival, it is already late February.

With the beginning of the new year (lunar calendar), Lin Zuhui obviously feels that he is not as eager for quick success as before. The companies under his umbrella are full of talents, so he doesn't need to worry about everything.

Although starting from April, the company under his company has many plans, but Lin Zuhui has no sense of urgency at all.

Monday, October 2.

Liang Botao came to the chairman's office of New Era Real Estate. For him, Lin Zuhui was more important to him than Li Chaoren.

The cooperation between him and Li Chaoren can only be regarded as 'icing on the cake', not to mention that Li Chaoren also has Du Huilian in his hands, who is Liang Botao's 'boss' in Wanguobaotong.And when he and Lin Zuhui met, Lin Zuhui's career was far from developed, it can only be said that he had just emerged, which determined that the relationship between the two was stronger.

Besides, in terms of strength, Lin Zuhui is definitely not as good as Li Chaoren, even half of it; but Liang Botao knows that Lin Zuhui has a lot of cash in his hands (guess), and Lin Zuhui is young and brave enough, the most important thing is: Lin Zuhui In terms of grasping the general situation, he is more accurate than Li Chaoren, and he can be called a genius.

Lin Zuhui warmly welcomed Liang Botao, the expression on his face made people feel like a spring breeze, and his temperament was even better than before.

Liang Botao also carefully noticed that Lin Zuhui had changed at this time, as if he was hiding his sharpness, but he was more threatening to others.

The assistant made tea for the two of them, and then closed the office door.

Lin Zuhui smiled and said: "For you Huaxia people, now is a new year. Since it is a new year, you should have no new goals. What about him, no plans?"

Gao Yitao thought for a while and said, "I don't have any plans. I'm considering with Li Chaoren. The two of you plan to set up a private investment bank!"

Zheng Yutong nodded. I remember that Peregrine was established this year.

I said seriously: "Now that the market is good, the new company should raise less money and make the share capital smaller, so that it will have no strength. There is no interest on the share capital, and even if the market is good, it can survive. If there is more share capital, then Coupled with the poor market, the viability will be lowered." At the end, he added, "He is worried about money, and you can support him. You also have to worry about the hot money, and you will hold shares that you don't have, and wait for them to grow in the future. , will take the initiative to dilute.”

Gao Yitao was slightly moved by Zheng Yutong's words, I could tell that Zheng Yutong invested in himself not for profit, but purely as a reward for his "service" for those years.

"Alright, you and An Zhilei plan as quickly as possible!"

Li Chaoren and I have very little connections, so naturally we can only raise money from Zheng Yutong, and there will be no fourteen princes to help out in future generations.

The two chatted for a while about the restructuring of the real estate organization in the new era, and Gao Yitao got up and left.

After a while, the eight carriages came to Zheng Yutong's office again, and the eight people were in good spirits.

Before sitting on the seat, Chen Bin took the lead and said: "Boss, in the past eight months, the Hong Kong government has approved a total of 35 square feet of land in the New Territories, and your New Era Real Estate will get 20 square feet."

Land in the New Territories is seldom granted by the government on a quarterly basis, with around 30 sq.At present, the price of land exchange rights in the New Territories ranges from 950 yuan to 1000 yuan per square foot.

An Zhilei said: "It is necessary to be so ruthless in exchanging land, but you can buy less when you buy the rights and interests of exchanging land in the New Territories!"

Chen Bin replied: "Are there a few real estate companies that are changing, so you take less. Henderson Land has changed every quarter, and the difference is 10 square feet. The difference is that the two of you are changing."

Zheng Yutong nodded, it is the same to change early or late, as long as he has no right to change the land.However, the government approves so little every quarter, so we need to wait patiently.

I said with some worry: "In the past eight months or so, New Era Real Estate has only bought 15 billion land and old buildings, and the action is still a bit faster. You know, in the first wave, you didn't have 45 billion yuan at all. The following cash! Therefore, they must complete the purchase as soon as possible after the end of July."

Liang Zhenxun immediately said: "Boss, there is news from the subway company that the property rights under the Lantian subway station will be auctioned in early April. This is a small project and requires a small amount of funds to start!"

Zheng Yutong also became interested immediately, and said: "Okay, it's time for you to get a project for a small housing estate! You plan to contact Xiaohe Technology to bid for that project, of course, we are just a bonus!"

Everyone nodded. We also knew what Zheng Yutong meant. The purpose was to win over a Chinese capital and plan for the previous investment in the mainland.

Several people chatted about the company's development. During this period, Zheng Yutong said: "The company's funds are worrying, and the 20 billion loan shortage can be dealt with. That's all. In the first ten days of July, you will let New Times Group issue 10% of new shares , private placement to you personally. At that time, the company will get about 8 million in cash."

Are you surprised? Because after the stock market crash, Zheng Yutong reduced his holdings by 10% of the shares, and now he has increased his holdings by 10%, and the boss has earned the difference.

As for why there was a targeted increase in shares at the end of April, because An Zhilei now holds 4% of the equity of New Times Real Estate. If it exceeds 34.9%, it needs to initiate a comprehensive acquisition, and it needs to be acquired at the lowest price in the past eight months. .

But if at the end of April, An Zhilei's price for a comprehensive acquisition must be the lowest price before the stock market crash, stockholders would be so stupid to sell to Zheng Yutong.Minority shareholders have increased their holdings, and the stock price still has to skyrocket immediately.

Before everyone left, Zheng Yutong was thinking about the property rights under the Lantian subway station, which was the Laguna City in his previous life.That piece of land can build 28 residential buildings with 28-34 floors, which can provide 4100 residential units and a floor area of ​​about 300 million square feet.

But that project needs good planning, because if the bid is successful in April 1988, it is expected to be released in the second half of 4.But precisely in May 1989, real estate prices plummeted by 1989% to 5%, and it was not until May 30 that housing prices recovered a year later.

In other words, the best way is to cover up the land and wait until January 1990 to start construction.Then we need to consider the strength of real estate in the new era. After all, Lin Zuhui and CITIC’s land subsidy fee is 1 billion, and the bidding price of the subway company is unknown; plus the construction fee of the bank loan before the start of construction, those will generate a small amount of interest.

"I don't care. Is there anything to be firm about? Anyway, Li Cucumber's career, I must grab it!"

The current Lin Zuhui's strength is eight to seven times that of An Zhilei's. It must be wonderful to be able to take food from me!
And Lin Zuhui's seven-house village plan in the 40s may be cut off by Zheng Yutong and become the eight-house village plan.

Yes, it seems that it is so difficult to grab, so you have to plan well.

Zheng Yutong received Uncle Liang, the person in charge of Xiaohe Technology Xiangjiang, in his office.

I said straightforwardly: "Does your company have no intention of investing in Xiangjiang's real estate industry?"

Anzhi's eyes lit up. As a Chinese-funded enterprise, who wants to invest in the real estate industry in Xiangjiang.

The Chinese-funded enterprises that have crossed the Xiangjiang River only entered Hong Kong in those few years. The real estate industry is basically a game changer. Even small companies like Huarun have given the development rights of Tianshuiwei (Kingswood Villa) to Cheung Kong to operate.

Moreover, the contract between the two parties is very unfavorable to Cheung Kong: Cheung Kong only holds 49% of the shares, and Hualun holds 51% of the shares.However, according to the agreement between the two parties, Cheung Kong guarantees that China Leap will obtain a profit of at most 7.5 million yuan, but if the property price exceeds a certain level, Cheung Kong's share of the profit will be reduced from 49% to 75%. (In fact, Changshi came to take 75% of the profit share, and got a full profit of 130 billion)

"If you can cooperate with New Era Group, you are willing to persuade the company to invest in cash!" Uncle Liang said hastily.

Next time others are still willing to take him to play, and now others are willing to take him, you still have to hurry up and express your opinion.

Zheng Yutong said with a smile: "In early April, Xiangjiang Metro Company will invite bids for the property right under the Lantian subway station. The lowest bidding price wins! It is conservatively estimated that the land supplement fee alone needs 4 billion yuan, and the bidding price is also below 10 million yuan. If they are not interested in Anzhi Technology, they can participate in the joint bidding with your New Times Group."

Liang Bo was shocked immediately, the project was too small.

You know, Lijing Garden in the capital only invested tens of millions, and the land price, commodity price, and manpower in the capital are too cheap.

"How many shares can you get?"

"It all depends on how much cash they can come up with! That's what you think. You can refer to the Tianshuiwei project for cooperation. Your New Era Real Estate guarantees that they will make a profit from that project. , the profit ratio of New Era Real Estate will be much higher than that!"

That cooperation is very unfavorable to the New Era Land Group, and only needs to pay the bidding price and land supplement fee; the previous construction costs, etc., will all be settled through loans.Assuming that the bidding price and land supplement fee are 16 billion, and Xiaohe Technology accounts for 4.8% of the shares, it needs to spend [-] million in funds.

新时代集团可以保证肖赫科技在那个项目下获利5亿（稳赚是赔的回报率算很低了），工期按5年计算（小型屋邨）；若是楼价平均销售涨至2500元每平方尺（目后1000~1100元这个地段），这么新时代集团获利将提低至80%（本该70%）。

Zheng Yutong knew that the housing prices in Xiangjiang in the 40s, before February 1991 (the start of the Gulf War), such a small housing estate could rise to 2 yuan per square foot.The properties under Lantian subway station, if handled properly, can earn less than 3000 billion yuan.

At that point, Zheng Yutong definitely has no advantage over Lin Zuhui, and I will spare hundreds of millions of land compensation fees to ensure winning the bid.

When Uncle Liang heard that the business was a sure profit or a loss, he was immediately tempted, and said, "Okay, you can go back and discuss it with Xiaojia immediately, and then you can discuss it in detail!"

Zheng Yutong nodded, for such a small investment, Anzhi Technology really needs preparations.

On the contrary, the New Era Group will consider it at all. Even with or without Xiao He Technology, Zheng Yutong is bound to win.

Lin Zuhui's project, once I lose my strength, I must grab it.

Even my confidante (Zou Kaixuan) was robbed, what else can I rob?
At the end of February, Huazhi Center was officially opened, and the vacancy rate was only 2%.

At this time, the vacancy rate of office buildings in Central has dropped to 2~5%, and office buildings are extremely scarce (no vacancy rate means shortage); at the same time, the rent of office buildings in Central has dropped slightly.

Huazhi Center (Twin Towers) is located at Admiralty Station in Central, with a rent of RMB 28-32 per square foot. The floor area of ​​Huazhi Center is 90 square feet, and the annual rent is less than 3 million yuan. .The net profit, especially the 2.4% annual net profit is about [-] million yuan.

Office buildings are indeed the most profitable, Zheng Yutong thought so!
According to the current increase in office rents, the rent may be paid back in seven or eight years, and the property value will double in eight years!
NICE!

New Era Group was the first to move out of Block A, which is the 48th floor lower than "Huazhi Center", occupying a full floor of the office building.

On the day when Huazhi Center was put into use, an opening ceremony was held. Many friends and partners of Zheng Yutong came to congratulate.

"Uncle Tong, that business deal is really good!" Zheng Yutong said to Du Huilian with a smile.

New World does not have a 2% interest in Huazhi Center, and it took a year and a half to buy Shanghuazhi Center. The rent of office buildings in Heung Kong has risen by 4% to [-]%. Naturally, the value of Huazhi Center has risen even lower.

Du Huilian said with a smile: "He has owned Chinese Real Estate for two years, and his asset value has increased by less than ten times, and he has become one of the top ten small real estate companies in Hong Kong. It's amazing!"

People around nodded their heads. China Real Estate is really powerful. As a subsidiary of a real estate company, it ranks among the top ten small real estate companies in Hong Kong (by market value), which is the number one.

Amid the congratulations from everyone, although Zheng Yutong responded with a smile, his heart was actually very calm.

There are only a few small buildings, why is it so difficult for me to be satisfied?

"I'm so lucky, I just escaped the stock market crash, but now you are being forced by the bank!" Zheng Yutong said modestly.

Du Huilian is a real estate veteran, and immediately said: "The Chinese can earn that amount by collecting rent, and the bank will force them to pay. Are we crazy!" I stretched out 5 fingers and smiled.

The debt of Huaren Property is only 15 billion, but this year it is less than 6 million in rent net profit. Du Huilian is conservative!

"Ha ha"

Everyone chatted upstairs happily, and soon the ceremony came to an end. Before the celebration, they took us to visit the small building again.

morning.

Zheng Yutong sat in his 1000-square-foot office, with a relaxed and contented expression, not like a charterer.

Deep in love, I lifted my feet under Fei Fei's desk, a picture of Ge You lying down.

Collecting rent in Xiangjiang is really the most profitable business in the world. If I want to reduce my influence, I want to work hard on the media, set up LEIT Group (number of employees), and be the smallest charter in Xiangjiang. The public is also very wrong!
It wasn't until there was a knock on the door that Zheng Yutong withdrew his thoughts and legs, ready to act like a chairman.

Gao Yi walked back to the office respectfully and said, "Boss!"

"Sit down, Li Ke makes tea!"

It could be seen that the boss was in the wrong mood, of course Assistant Li would take the initiative to make tea, but the boss shouted out, obviously the mood was very wrong.

I was also in the wrong mood. With the opening of the Huaren Center, the status of Huaren Real Estate came out immediately. As the general manager of Huaren Real Estate, it is naturally a feeling of no honor, so Gao Yi thought.

Then Gao Yi reported to Zheng Yutong about the withdrawal of the design draft of the "Entertainment Building", and the purchase of another 3 million high-quality rental properties by Chinese Land, mostly office buildings by floor.

Before listening to the report, Zheng Yutong said: "In the reconstruction of the small entertainment building, you have very low requirements for the design. You must build a representative building in Hong Kong. The specific building construction needs to be considered first, and you will not immediately have your own Professional construction companies will leave it to their own companies."

Gao Yi was not a little surprised. Although New Era Real Estate also has the strength to develop office buildings, it can only be used as Party A, and the construction has to be contracted out.

Moreover, the construction investment of the entertainment building is very low, which is about 5 million yuan. You must know that the floor area is only 17 square feet before it is completed. It is a low-cost building, including the total investment of [-] million yuan. .

It seems that the boss has his eye on a construction company that is going out of the market, and is preparing to 'sneak attack'.

"Well, you get it."

Next, Gao Yi told Zheng Yutong an exciting news.

"Boss, you heard from others that the Cui family, a minority shareholder of Legu Real Estate, has no intention of releasing the property!"

However, Gao Yi knew that his boss was too unfamiliar with the real estate in Xiangjiang, so he introduced Legu Real Estate without hesitation!
Zheng Yutong's eyes lit up, what a fat chicken leg (industry)!
Legu Real Estate is a listed company, formerly known as Legu Real Estate Printing Company. In 1978, it sold its printing business to a director and changed its name to "Legu Real Estate". Old-fashioned small buildings, which can be rebuilt), properties include none: Legu Building in Central, Printing House, Lok Shing House, and Lok Kei House in North Point.

Legu Real Estate has a stable business style occasionally, and it is a popular stock with good profitability.Although the seven small buildings are old-fashioned small buildings, they still occupy an area of ​​1 to 2 square feet, but their total value is less than 10 billion.

And the market value of Legu Real Estate before the stock market crash seemed to be around 6 million!
"How are we going to place the order?"

"I still know! But according to your prediction, the Cui family will invite various real estate companies to bid for the acquisition in early April! After all, the Cui family does not own 4% of the shares. If the new owner acquires all the shares, it will have to propose a comprehensive Acquisition."

Zheng Yutong nodded, unreasonable!
Everyone dared to let go of it before the first ten days of April, so the 4% critical line is a curse.

"Bidding for the acquisition is fair! If you get 43.25% of the Cui family's shares, you will immediately initiate privatization and merge it into Huaren Real Estate."

"Well, you think so too. If these seven small buildings are rebuilt, it will be a very small asset!"

Zheng Yutong remembered something, and said to Low Yi: "He talked about rebuilding, he can pay attention to the property around Hongji Mansion, whether he has no intention of selling it. If there is no plan, you can buy it. In the future, Hongji Mansion will not be sold." Reconstruction of the building! It is necessary to pursue excessively, so as not to be raised by others!"

There are few old-fashioned small buildings in Xiangjiang that only cover an area of ​​about 1 square feet, so mergers do not happen from time to time. Once they are merged into a floor area of ​​less than 2 square feet, the value generated will be doubled.For less construction, it's literally drizzle.

Gao Yi nodded and said, "Well, you will take it to heart!"

Merging buildings is a difficult task and may take years.It took ten years for Hong Kong Land to convert the site of Holland Bank on Ice Factory Street and the old site of Wuli Bank to less than 1 square feet. By purchasing the Guangdong Bank Building (8 Des Voeux Road Central) and Qiuyi Building, the The merging of the seven properties into one piece only obtained 3 square feet of land.During the period, Hongkong Land also wanted to buy the adjacent Hengchang Mansion, but unfortunately failed to do so.That building is the unknown "No. 9 Huangqian Avenue Middle" in the previous life. It is 38 stories low and has a floor area of ​​less than 36 square feet. The ground floor is a small shopping mall.

Therefore, the merger of Hongji Mansions can also be proposed, and wait for the opportunity!
If it is successful, you can get a Grade A office building in Central with less than 30 square meters, and its value will be several times or even less than ten times.

The most important thing is that the location of Hongji Mansion is wrong, it is just on Connaught Road, and it can be regarded as a high-quality location in the Central District.The most valuable thing in the Central District is the small road, also known as the financial center, which is really every inch of land.

(End of this chapter)