Hong Kong's new giants

Chapter 235 [The Curtain Opens]

Tuesday, July 4.

In the morning, in a meeting room of Huazhi Center, Lin Zuhui personally put the quotation about "the Cui family holds 43.25% shares of Legu Real Estate" into an envelope.

After the seal was sealed, Lin Zuhui handed it over to Gao Yi, and said: "Help it to Cui Zhennan with your own hands! After the result is announced, call me!"

Gao Yi said confidently: "Boss, don't worry, we will definitely win the battle, just wait for the good news!"

Lin Zuhui nodded, he agreed with this point of view.

The companies participating in the bidding for '43.25% shares of Legu Real Estate' include: Cheung Kong, Xindi, Henderson Land, New World, New Era, and Hang Lung, six major real estate developers.

But Lin Zuhui is full of confidence!
This month, he has already defeated Li Chaoren once, and this time he will also defeat the five major Chinese-owned real estate companies to take the lead again.

Because his price tag is: 4.15 million!
At this juncture (after the stock market crash, real estate has not risen), I am afraid that no real estate company will buy Lagu Real Estate with a premium of 2% of the 'net assets' (market value is much lower than the net assets), and the premium will be 3.8% at most. Cheng, that is, [-] million.

Back in his office, Liang Botao and Liang Zhenxun walked in quickly.

Lin Zuhui has made many acquisitions recently, all of which are Liang Botao as the financial advisor, and Liang Zhenxun is the director of New Era who is in charge of finance and securities.

Liang Botao took the lead to say: "New Era holds 15% of the shares of Baohua Construction, and we have also found signs of third-party intervention. This month, the market value has been pushed down by 2%, probably because of the rush to raise funds."

Chen Qizong nodded, I've heard about that, and I probably know who is messing up the situation.

"It does matter, your strength is that you are afraid of anyone disrupting the situation! Announce first this evening: New Era Group will issue 10% of new shares in exchange for 8 million in cash in your hands, and then you will announce your personal acquisition of New Era Group."

The issuance of 10% new shares naturally requires the approval of the Securities Regulatory Office, and New Era Group has already passed the review.

At this time, the market value of New Times Group was exactly 80 billion. According to the regulations, it was allowed to issue new shares at a higher price. New shares.

As for the Lin family's announcement of the full acquisition of New Era Group, it is a formality; after all, according to the regulations, if the shares exceed 35%, a full acquisition invitation is required.

Gao Yitao nodded and said, "Does he want to increase his shareholding to as much as possible?"

Chen Qizong said: "The best is 49%, it's okay to exceed it!"

At this time, I personally hold only 34% of Wuxin Era's shares, which is indeed a bit high!

Qu Liantao said: "Here we initiate a comprehensive acquisition at a price of 11 yuan, a premium of 10%. I suspect that some investors will still sell it to him!"

New Era Group has a market capitalization of 80 billion, with a total share capital of 7.99 million shares at 10.01 yuan per share; the price of 11 yuan per share is the lowest price in the past eight months, in compliance with securities regulations.

Of course, that was a fake general takeover, and a very small number of shareholders would be so stupid to hand over their holdings to Qu Liandong at that price to complete privatization.

Chen Qizong's real purpose is to reasonably increase his shareholding.

"Okay, just do as he says!"

It's true that Chen Qizong would wake up from his dream to complete privatization at that price; I'm short of funds, and I don't have more than [-] billion cash flow in my hands.

And the net assets of New Era Group are already below 100 billion!

The conference room of Legu Real Estate gathers the lower floors of the eight small real estate developers in Xiangjiang.

Qu Liandong, as a minority shareholder of Legu Real Estate, expressed his intention to release the property as early as July, and there were very few real estate developers who inquired, so I finally decided to decide on the 4% of Legu Real Estate shares in my hand at the end of April in the form of bidding. belong.

The reason why the date was placed at the end of July is also to take into account the situation that the undertaking company is facing a comprehensive acquisition.

The conference room was very small. Before Ba Xiaozheng handed over the envelopes, Lin Zuhui took them to his office, leaving Xiaojia in the conference room to wait for the result.

When Changshi's Zhou Zhoumao saw Gao Yi, his eyelids jumped. The next time Changshi lost the property development right under the Lantian subway station, the boss was depressed for a long time.

The representative of Hang Lung is Liang Zhenxun, the eldest son of Chen Zengxi. The current head of Hang Lung is Liang Zhenxun's uncle Chen Qitao.

The representatives of the eight families also talked to each other, after all, whether they were in the mood or not.

Until Lin Zuhui came to the conference room again with joy, the representatives of the eight families and their entourage finally stood up at the same time.

"The bidding results are out. Congratulations to Huaren Real Estate for obtaining your equity at a price of 4.15 million. If you are ready, you can come to review the finances today and sign the contract overnight!"

Gao Yi said with joy on his face: "Is there any problem!" Then he clasped his fists to the other seven families and said: "Everyone, I have accepted it!"

Liang Zhenxun said doubtfully: "You think your price of 3.8 million is already low enough, but it's unbelievable that your company actually paid 4.15 million."

Lin Zuhui coughed, and signaled Liang Zhenxun to pay attention to his wording, that would be too good.

"I'm sorry! Cui Sheng, take your leave first!"

For a while, Xiaojia returned disappointed, but Gao Yi ended the call.

When Chen Qizong learned that Chinese Real Estate acquired Legu Real Estate, his expression was not too angry. There were only seven large buildings.

Of course, I think that kind of small building is too rare, and there is still no chance to rebuild it into a high-quality small building with a floor area of ​​30 square feet through building mergers.

After this acquisition, the rental area of ​​Hua Ren Real Estate has dropped to less than 300 million square feet.

At 10 a.m. that day, New Era Group held a press conference and announced the issuance of 8% new shares in exchange for [-] million Hong Kong dollars in cash from the minority shareholder Mr. Chen Qizong.

As the financial advisor of the Lin family, Gao Yitao also announced that the Lin family will deprive the New Era Group at a price of 11 yuan per share, a 10% premium.

Before the release of the two news, all the reporters sat still.

A reporter asked: "Mr. Lin paid a 10% premium to fully privatize the New Era Group, is there any falsehood?"

Gao Yitao said: "You are operating abnormally in accordance with the securities regulations of listed companies. Whether the 10% premium purchase price is fake or not is a matter of opinion for the beholder. I suspect that for some short-term investors, it is still very unfair. Seductive."

No reporter found fault: "Mr. Lin reduced his holdings after the stock market crash and increased his holdings before the stock market crash. What does he think?"

Gao Yitao said: "It's all legal and reasonable without an announcement! The reason why Lin Sheng chose to subscribe for New Era's new shares this round is also because the company needs development funds."

In fact, Chen Qizong made a profit of [-] million by selling low and buying the shares of New Era Group.I am also very satisfied, because the New Times Group is too resistant to falling, and it is almost ranked in front of those high-quality British or post-British small groups such as Silongcang, Landmark, and HSBC.

Reporter: "Does this mean that New Era Group has some problems because of its low debt?"

Li Chaoren took over the question: "Your New Era Group has maintained a reasonable debt, is there any problem!"

There are two flowers blooming, one for each.

After seven hours of auditing, the team of Chinese Land also confirmed whether there is any problem with Legu Real Estate.

Chen Qizong led Low Yi to the conference room, ready to sign a contract with Lin Zuhui.

"Lin Sheng is so courageous. Superman Lin's victory over Qu Liandong this month can be called a good story in the Hong Kong business community!"

The sensation caused by that news was very small, just like when Cui Zhennan defeated Landmark, the property rights under these two subway stations in Central were built. The building property is very close to Hongkong’s small building).

In July, the property under the Lantian subway station was hailed by Xiao Jia as a part of Cheung Kong's "Seven House Village" plan, but that part was forcibly seized by the up-and-coming "New Era Group".

Uninformed sources said that although Qu Liandong won the Kwai Chung Container Terminal No. 7 this month and announced that he won the bid for the former site of the Vancouver World Expo, he still felt regretful and disappointed about losing the property under the Lam Tin subway station.

Of course, it has to be denied. The property development right under the Lam Tin MTR station is much larger than that of the Eight House Village in Cheung Kong (8000 units in Laguna City, 10000 units in the old site of Ap Lei Chau Power Plant, and 15000 units in Tin Shui Wai). .

What Qu Liantong said was also what Chen Qizong had heard that month.

Therefore, I still humbly said: "Xiaojia second praise, it is because Cui Zhennan has too little energy to gather, let you pick up a leak!"

"Haha, Lin Sheng is indeed modest, but his behavior is completely opposite. They say that he is a retreater who 'opens up the territory'."

Before the two chatted politely for a while, the lawyers of both parties also confirmed the contract issues.

Chen Qizong still read the contract carefully before signing his name in a cool and unrestrained manner, and then sent a huge check.

The next day.

The headlines in Hong Kong were basically given to Chen Qizong again.

"The Lin Family Fired the First Shot of the 'Eight-Month Curse'"

"Chen Qizong intends to privatize New Era Group, involving 55 billion funds"

"Superman Lin defeated Cui Zhennan again and won Legu Real Estate"

grow solid.

Before Qu Liandong saw those headlines, he couldn't help showing his joy. Everyone in the village regarded the "property under the Lantian subway station" as my Waterloo, and I felt regretful.

It can be said that Qu Liandong has seen a profit of less than 30 billion under the Lantian subway station.

"It's a big deal!"

"That Qu Liandong, if he had been born a few years earlier, would have been your little enemy! After all, I can only compete with you in certain real estate projects!"

Qu Liandong felt helpless after reading the newspapers, those media would always find a selling point and make a special report on his own affairs.

Although, I am indeed somewhat complacent about defeating Qu Liandong twice, but I have never expressed my feelings in it.After all, if he behaved like this, he might make Xiao Fang laugh.

Cui Zhennan's global investment this year is in the tens of billions, and Chen Qizong is completely comparable.

After the market closed in the afternoon, Qu Liantao and Li Chaoren came together again. Although Gao Yitao is preparing his own company recently, it is possible that Chen Qizong has so little business.

"The number of people who registered to sell New Era Group's shares was quite small, as you expected! According to that trend, by the time of the full acquisition, he could almost increase his shareholding to about 49%~55%." Qu Lian Tao Hui reported.

Chen Qizong nodded and said: "Well, that needs your attention! After the market closes in the morning, Huaren Real Estate will also announce the privatization of Legu Real Estate."

Gao Yitao asked, "How much is the premium?"

Because of the sudden incident, it was only confirmed yesterday that Qu Liandong's 43.25% shareholding was obtained, so the price is still uncertain.

Qu Liandong said directly: "The premium is 35%, that time you all pretended to be selfish and completely selfish Legu Real Estate."

Qu Liantao nodded, and said: "The price difference is at least the net worth of Legu Real Estate. It is indeed a well-intentioned privatization. I suspect that the retreat will be very smooth."

Hualegu Real Estate, which is privately owned by Huaren Real Estate, incorporated the seven small buildings into its own rent collection system, and this round of expansion has begun temporarily.

At the very beginning, Chen Qizong asked Li Chaoren: "How is the situation of Baohua Construction?"

"Market participants already know that no one is buying Baohua Construction, so it fell 8% at the opening!"

Chen Qizong has some headaches. Originally, if there was no eighth party involved, I planned to put Baohua Construction at the forefront of the acquisition.

But now I must be delayed!
"In the evening, the New Times Group also announced the acquisition of Paul Y. Construction, with a premium of 2%. Your goal is 34%!"

At the closing time in the morning, Chinese Land Holdings held a press conference and announced that it will fully acquire the remaining 56.75% shares of Lagu Real Estate at a price of 19 yuan per share (35% premium), involving a capital of 4.3 million yuan.

At 5:20 p.m., New Era Group held a press conference and announced that it would acquire 34% of Baohua Construction's shares at a price of 16 yuan per share (a [-]% premium), and New Era Group's current shareholding will be [-]%.

All of a sudden, the small curtain of Xiangjiang's takeover battle kicked off, one after another!
(End of this chapter)