Hong Kong's new giants

Chapter 240 [New Era Group]

Monday, October 5.

In the meeting room of New Era Group, more than 20 high-level executives gathered together and looked at the young man sitting at the top with admiration.It can be said that [-]% of the credit for New Era Group's success today is due to him, and the remaining [-]% is due to everyone's dedicated work.

Lin Zuhui also observed the high-level officials, and he was very satisfied. In the early stage of development, what he needed was a group of generals who could win battles, and he was the commander in chief.

At this time, the organizational structure of the new era has initially taken shape:
Real estate/construction, real estate/finance, hotel, infrastructure, telecommunications, and general services are six departments in total.

Among them, the three departments of real estate/construction, real estate/finance, and hotels are the core departments;
Among them, the two departments of infrastructure and telecommunications have just been established and are ready to participate in investment;

Among them, the comprehensive department has developed retail (convenience store brand), Xiangjiang Industrial (holding 15%), and holding shares in other companies are all affiliated to the comprehensive department.

There are seven core executives in management:

Four carriages of real estate/construction: Chen Bin, Liang Zhenxun, Chen Xiaofen, Wang Fu (construction director)
The core duo of the hotel: Corbett (British), Li Mingtao
Real Estate/Finance: Gao Yi

General Department: Lu Donglai
The other 21 high-rises are still half a level lower than the core high-levels!

As for the senior staff, the New Era Group has broken through 100 and reached 120!
Lin Zuhui first said: "In the first 4 months, your real estate sales were too ideal. Except for the small environment, you reasonably avoided the real estate slump. At the end of this month, the real estate has finished rising. In front of them, the real estate development department can get What kind of results did you get?"

Chen Bin immediately said: "You are expected to sell 300 million square feet of floor area this year, and you will sell a total of 50 square feet in the next seven months. From the end of this month, you have reduced the number of properties you opened!"

The floor area sales of 300 million square feet, the difference is that Henderson’s sales in 1986 were a little less; in those two years, with the rise of New Times Group, the output of small real estate developers such as Sun Hung Kai, Henderson, and Hang Lung must have been higher than that of later generations. Of course, the least affected are these medium and large real estate developers.

Zheng Xuebin asked: "Should we be able to exceed the supply area of ​​New World this year?"

Chen Bin immediately said: "More than a little!"

Now no one says that Sun Hung Kai, Henderson, and New Era belong to building factories, Cheung Kong is the king of small housing estates, and New World is nothing.After all, the energy of the New World is placed under the New World Center and the Convention and Exhibition Center, and also under the containers and docks.

The current market value of New World is only 140 billion or so, and Henderson is only 135 billion;
The New Era Group has already caught up and reached 100 billion!
You must know that after the stock market crash, the market value of the new era is 110 billion, and the market value of the new world is 210 billion!
Zheng Xuebin asked Lin Zuhui, "Is there any pressure in sales?"

Lin Zuhui will have no seventh answer: "Yes!"

This year's real estate/construction business in the new era is sure to break through one billion in profits, that is, we know that it can reach below 12 billion!
Next, there is a report on property purchase/finance.

Low Yi said: "The investment focus of Chinese Real Estate this year is: Entertainment Building and Jialan Center (reconstruction of the old building on Enping Road). Before the completion in the 40s, it can increase the company's rent-collecting area by 80."

Before the annexation of Legu Real Estate, the rental area of ​​Huaren Real Estate had reached 310 million square feet, becoming the second only to Silongcang, Landmark, and Swire Properties (a company that mainly collects rent); while Silongcang, Landmark, and Swire They are all from old British-funded companies, which is very unusual.The current market value of Chinese Land is 65 billion, which is much higher than the net asset value!
Huo Fuli nodded, and said: "The finances of Chinese Real Estate should be less transparent, less promotion to investors, and delaying the issuance of convertible bonds will not help you!"

If it is debt, financing, or rights issue, the development of Huaren Properties will be subject to little restrictions.How small plans and small investments are involved in the previous continuation? That's what Huo Fuli is willing to see.

Gao Yi nodded. This is the occasional style of the entire New Era Group, which attaches great importance to the promotion of investors and attracts investors to participate in financing activities such as rights issue fundraising and convertible bonds.

next.

It's the company's hotel business report, so the lower management can't help but concentrate. We all know that the company's hotel business is preparing for a global layout.

Corbett is a British citizen and can speak Chinese, so the kind of meeting can only be reported by his deputy Huo Futao.However, under the meeting of Cathay City Hotel Management, the meeting is in English, because Cathay City Hotel Management's positioning is the development of global hotels, and there are no one-eighth locals in the lower floors.

Yu Langtao said: "This time, you and Hengjin Investment are investigating the American hotel project, and there are currently no two suitable projects: one is the Canadian Small Constellation Hotel Group, which is mainly engaged in hotel management, and the other is the smallest independent hotel management in the United States. After initial contact with Internet Aircoa, the minority shareholders of the other party have no intention of selling 51% of the equity. The two projects probably need 8 million Hong Kong dollars in funds.”

8 million Hong Kong dollars is too small a problem for Cathay City Hotel Management; of course, it needs to be completed through loans.

国泰城市目后控无七部分资产：小酒店34.8%的股权、富丽华酒店51%的股权、价值七亿少的收租物业、马尼拉希尔顿酒店（实际付出300万美元就收购完成、其余资金为贷款并转嫁给酒店债务）、1.5亿的现金（发行10%新股加富丽华酒店分红）

Its liabilities are 7 million, its total assets are 36 billion, and its net asset value is 29 billion!
Huo Fuli said: "This month you will go to the United States and Canada for a short trip to determine the two investment projects! After that, you will solve the financial problem by borrowing from the bank."

Everyone is encouraged. As old employees of the group, we all know that the boss will always borrow money to develop the company at the best time; but after the crisis comes, or after a while, he will find ways to reduce the debt .

After all, the boss's grasp of timing is completely genius level!

Next, Zheng Xuebin named another person—Huang Yulang, the general manager of Huofu International, a subsidiary of Huaren Real Estate.

Huang Yulang can only be regarded as a low-level, and the low-level is not a bit forward!
"The office business center project in Los Angeles, report to Xiaojia!"

That project is still under planning, and the plan will be finalized after Zheng Xuebin takes people to the local area for investigation.

Huang Yulang has been on business in the United States for a long time, so he rushed back to attend the group meeting that time!Therefore, I plan to perform well after a group of low-level groups.

"Boss, colleagues. Li Ming International's investment project is located in the downtown area of ​​Los Angeles in southern California, USA. The land covers an area of ​​3.2 square meters and the planned total construction area is 39 square meters. There are two overall buildings for the center and office building, one is a pure office building, and the other is a seven-star hotel, low-end dance, and shopping center complex building. The estimated investment of this project is 1.2 million US dollars, 30% of which are self-raised, and 70% are borrowed .”

The cost of the same project developed in Los Angeles, USA is much higher than that of Xiangjiang.The most expensive thing in Xiangjiang is land price, while the cheapest thing in Los Angeles is land price, and the most expensive thing is labor.

Huo Fu International will continue to invest in commercial real estate projects in the United States in the future. Commercial real estate in the United States will definitely be far more profitable than Heung Kong, but the advantage is that it is very stable.

Moreover, Li Ming International is a listed company, and its positioning is also in the field of investment properties in the United States. It is a good way to expand its scale, which is the past anyway.

Huo Fuli added: "For Li Ming International, the initial investment in that project is also stress-free! Yes, if you raise funds through rights issues, there will be pressure. In addition to Li Ming International's own asset value and other factors, you Very optimistic about that project!"

Chinese Land only holds 34.9% of Huo Fu International's shares. A large share means high investment, so that project puts pressure on the New Era Department.

Everyone agrees, we know that the boss's current intention is to expand the industry to the sea, and therefore the hotel business.

Zheng Xuebin nodded, the project was decided that way, and he will formally participate in the bidding before he finishes his investigation.

In fact, Zheng Xuebin also has an ambition beyond his heart, which is to build Huo Fu International into a "Wanda Group", and then refer to the smallest commercial real estate company in the United States - Simon Group; in the future, there will be at most 10 commercial complexes in the United States. corporate or regional shopping centers.

Of course, anyway, I need to pay more and more funds, just use the stock market and loans, and develop according to the Wanda model + Simon Group model; small-scale expansion + fewer types of business operations + stupid brand management and other management forms, the so-called Small-scale expansion is naturally the use of financing channels.

On May 1988, 5 (Saturday), Peregrine Investment Bank, with Fulitao as the chairman, proposed a comprehensive acquisition to Wanhui Group on behalf of Liang Bo Media at a price of 31 yuan per share (0.6% premium). Holding 20% of Wanhui Group shares.

Wanhui Group's current market value is 5 million (total share capital of 10 billion shares), and its market value has fallen by 50% from its peak.

For a while, market participants looked sideways!
Liang Bo Media and Wanhui Group are definitely enemies. Chen Xiaofen rarely speaks out to provoke Huo Fu Media, and she is not suspected of asking the association to kill Huo Fu Media's leading artist Ma Rongcheng.

The two companies are still competitors. When Liangbo Media bought "Daily Daily", Wanhui Group bought "Chengbao". , all participated; Liang Bo Media bought Xiaosha as its headquarters, and Wanhui Group also bought Xiaosha as its headquarters.

In short, the relationship between the two is well known to everyone.

Now that Wanhui Group is in trouble, Huofu Media will attack decisively, which is also expected by some people.

In the office of Liang Bo Media, Zheng Xuebin met with Fu Litao, chairman of Peregrine Investment Bank.

Peregrine was established in July and raised 3.5 million yuan. Fu Li Tao and Du Huilian accounted for 35% of the shares, and the remaining 65% of the shares were supported by the [-]th Road chaebol.Huo Futao serves as the chairman of the board of directors and is mainly responsible for financing, acquisitions, mergers and acquisitions in the primary market; Du Huilian serves as the general manager and is mainly responsible for securities trading in the seventh-tier market.

The acquisition of Wanhui Group is the first business of Peregrine.

Huo Fuli joked with a smile: "He and Chen Xiaofen are both from Chaozhou, but swords and swords were facing each other that time!"

Huo Futao said in a small way: "There are fathers and sons in the mall, and the friendship of fellow countrymen will naturally be as thin as a sheet of paper in the face of commercial interests. What's more, do you and Chen Xiaofen have any intersections? I know how to do things harmoniously, and I have offended too few people."

That is unreasonable!

Sooner or later, there will be competition between New Era Group, New World, and Henderson, and they will also be soft-hearted!It's like the two business wars between Li Ka-shing and Lee Shau-kee in later generations-the Ma'anshan property sales war, the ugly hotel war, and the Hengchanghang battle between Li Ka-shing and Zheng Yutong.

Competition is inevitable. Xiaojia is the head of the company, and the company is a company of shareholders. Xiaojia represents the interests of shareholders. Is there any reason to shrink for personal feelings?

Of course, the personal relationship will still be too hostile, as long as it is an ordinary dirty method!

Fu Litao added: "According to your investigation, Chen Xiaofen still does not have 36.5% of the principal shares in her hands, but none of them are mortgaged by Standard Chartered Bank and Zhan Jinbao Finance Company, and there are no 3% warrants."

Zheng Xuebin's eyes lit up, and he said, "Can he persuade Standard Chartered Bank to collect debts?"

Fu Litao said: "Yes! But Chen Xiaofen has no priority to redeem the stock, as long as I can borrow money, it is a problem!"

Zheng Xuebin smiled, and then said: "Your purpose is to let me collect money. You need money to redeem stocks, and you need money to fight with you in the market. Where does the money come from? I have so many friends, and I will end up in a mess. of!"

What I want is for Chen Xiaofen to be in a hurry and make mistakes!

Otherwise, with 36.5% of the principal shares and 3% of the warrants, it would be really difficult!

After all, if the price is too low, Zheng Xuebin thinks it's a good deal!Although Huo Fu Group's comics are very valuable, they still need to be discovered, so as to expand the overseas market.

"Well, you will grab chips as quickly as possible in the market!"

"Okay! How much money do I have? If you lower the stock price, I'll just buy a few shares!"

The stock price in the market is especially higher than the purchase price; but if the acquirer also joins in the market to grab funds, the price will go down very slowly, because the action is much smaller than the special transaction.

Tokyo.

Outside a geisha hall, several geisha were performing songs and dances, and Chen Xiaofen and the Japanese publisher were enjoying the tasteless enjoyment.

At this time, Chen Xiaofen forgot about Wanhui Group and personal financial troubles. In my opinion, as long as Huo Fu Group's comics are sold into the sea, they can make a small profit.At that time, the so-called financial crisis will be over in a year or two.

At that time, my assistant came to me suddenly and hurriedly, and said a few words loudly.

Suddenly, Chen Xiaofen's face changed slightly, as if facing a small enemy.

At this moment, I was not in the mood to appreciate the geisha performances, nor was I in the mood to negotiate with the publisher, so I quickly explained to the daily publisher, then handed over the matter to a lower-level executive, and prepared to fly back to Hong Kong immediately.

Along the way, Chen Xiaofen's face was ashen. If it was someone else, I would still be so afraid;
But Zheng Xuebin's acquisition seems to have never failed, which made me afraid.

Moreover, according to the news from Hong Kong, Zheng Xuebin no longer owns 15% of Wanhui Group's shares, which means that others have already been planning.

"You will win!"

"Zheng Xuebin, you don't want to occupy your property!"

"Wanhui Group is all yours. He thinks he can rest easy if he buys it. If you raise your arms, they will all go with you!"

At this time, Chen Xiaofen whispered in her heart!
The main writers of Wanhui Group are rarely my apprentices and friends. I firmly believe that even if I lose the company, I will start a new one.

Of course, I also firmly believe that I will lose!
After all, my shareholding is 20% less than that of Huo Fu Media, and I have an active advantage!

(End of this chapter)