Hong Kong's new giants

It's a new week in a blink of an eye.

Monday, May 6.

Lin Zuhui summoned Liang Zhenxun and Chen Bin in the office, and said: "No matter what the result is this afternoon, from today onwards, the New Times Group will be buying land, exchanging land rights and interests, and old real estate. However, don't cause the market to react too much , we have plenty of time to spend 60 billion funds.”

At this time, the New Times Group has 80 billion funds (80 billion debts) in its account, plus the loan from HSBC Bank.

As for the "Garden Road Land King" project, New Times Group theoretically only needs to invest 15 billion (half of the equity); currently it holds [-]% of the shares, and after the initial plan is finalized, it will sell [-]% to Wanguobaotong to reach a cooperation.

"Yes, boss!" The two said a little excitedly.

According to the prediction of the boss, the real estate may recover in more than a year (actually one year), so this bargain hunting is equivalent to making more than [-]% of the profit.After all, a [-]% drop in ten yuan is seven yuan, and seven yuan needs to rise by more than [-]% to return to ten yuan.

And the bank interest is only 10% to 15% for more than a year!

What's important is that there are only so many resources, and New Times Group's acquisition of so many cheap lands is bound to drive real estate to a higher level.

Lin Zuhui added: "The funds of the New Times Group are used to expand our land reserve! I already have a direction for the funds of the Chinese real estate. But there are still many high-quality properties in the market. I plan to invest in the name of the family, such as gardens. Single-family villas, single-family villas, commercial buildings, etc., when you activate the marketing department, you can ask them to collect information together, and then give it to me for reference.”

The 60 billion funds of the New Era Group this time is equivalent to increasing the company's land reserves to about 1500 million square feet (excluding a large amount of agricultural land reserves, which can also be converted into residential land in the future), which will be similar to that of Henderson Land in its previous life. The level is about the same, surpassing the current Henderson Land, second only to Sun Hung Kai.

The New Era Group is not only valuable in land reserves, but also holds shares in subsidiaries that are also valuable.

Therefore, the market value before the plunge was higher than that of Henderson and slightly lower than that of Sun Hung Kai.

Chen Bin and Liang Zhenxun are naturally not surprised that the boss has a lot of cash flow, which can help the company earn a lot of net financial profits. The boss's personal investment may be very large.

this afternoon.

The Hong Kong government unveiled the "Garden Land King", and the winning bidder was New Times Group.

However, the media's response was relatively cold, and they only interviewed Chen Bin, the general manager of New Era Group, as usual.

After all, the price of 30.99 billion is not even as high as that of the "Wanchai Land King", which shows how bad the real estate market is!

Only Luo Jiarui of Eagle King was a little lonely, he went up to say hello to Chen Bin, and then left the scene.I thought I had a lot of confidence, but I didn't expect others to give 30.99 billion directly.Just ask, he might not dare to pay this price even if the bid is made!
Lin Zuhui was also very excited when he heard the good news in the office. Although he was not too nervous beforehand, once he won the bid, he was really happy.These are two super buildings in Central, and their value will exceed 600 billion in the future!
After obtaining this piece of land, New Era Group will start buying land reserves aggressively, and the current real estate market has fallen by 30-35%.The land exchange rights and the land in the New Territories are basically no one cares about it, and the properties in Hong Kong and Kowloon are not much better there.

The drop of more than [-]% is equivalent to returning to the price after the [-] stock disaster, which is not too cheap.

The mood of picking up cheap, every transaction reaching tens of millions, is enough to make Lin Zuhui happy.

The next day.

The senior executives of the real estate, real estate, and construction departments of the New Era Group are waiting for the boss's arrival in the conference room.When Lin Zuhui walked into the meeting room, everyone stood up and said hello.

Lin Zuhui motioned for everyone to sit down and observed everyone's mental outlook, which was very good.As the saying goes - a raging soldier, a raging nest; and Lin Zuhui, as the leader of the New Times Group, is fully optimistic about the prospects of Xiangjiang and has high fighting spirit, so these high-level executives have also been infected one after another.

"Let's all report the important work first!" Lin Zuhui held a pen and motioned for these people to speak first.

Everyone knows that Lin Zuhui pays attention to efficiency, so he started to report soon.

"The foundation stone laying ceremony of "Central Plaza" of Chinese Real Estate is initially scheduled for mid-July, and the construction period is 7 months. It was completed in 32 and put into use. Central Plaza is 1992 stories high, with a floor area of ​​78 million square feet, and a total investment of 140 After the completion of this building, our Liguang timepiece can be seen at night in all districts of Hong Kong and Kowloon, and it will be recognized internationally as a symbol of Hong Kong."

The building under construction by Chinese Land is about to add another building!
Entertainment Building (Queen's Road, Central) will be completed in the first half of 1991,

Grand Plaza (Eun Ping Road, Causeway Bay) will also be completed in the second half of 1991.

"Chinese Land has basically negotiated the acquisition of the rights and interests of the Connaught Road Chinese Bank Building, with a total cost of 6.1 million. Before the plunge, the Chinese Bank Building was valued at 7.5 million."

"Huaren Property acquired Yongan Center in Central District at a price of 19 billion. After taking it, our biggest client is Yongan Group, which still serves as their headquarters."

Chinese Land has added two more rental buildings.As for Wing On Center, it still collects rent anyway, and Yongji is willing to lease it, so it is naturally a wish for it.As for renaming the building, Lin Zuhui would not be so boring.After all, the citizens are used to it, so why change it.

Lin Zuhui said: "The Chinese Bank Building and the Hongji Building will not be dismantled for the time being. They will be temporarily used for rent collection. We will rebuild them in the 90s! The same is true for the four buildings of the original Legu Real Estate. We will try our best to merge the buildings first. After the 90s, we will then according to the situation. Merge the building and rebuild it, or rebuild it directly!"

We can't rebuild too much at one time, otherwise there will be no rent-collecting buildings, and we will have to pay a lot of construction costs and interest, which will be unbearable financially.

The properties of Chinese Real Estate are now 14 buildings:
Building 7 in Central District:
Chinese Center Block A, B (Admiralty), Entertainment Building (under reconstruction), Wing On Centre, Chinese Bank Building, Wang Kee Building, Lok Ku Building, Printing House, Lok Shing House
Wan Chai: Harcourt Building, Central Plaza (under construction)

Causeway Bay: Royal Mansions, Grand Plaza (under construction)

North Point: Lok Kee Walk
Gao Yi nodded, and then reported: "We have contacted the Japanese company. They are interested in the Yongji stock in our hands, but they have some objections to the price!"

Lin Zuhui said with a smile: "It's okay, it's going to consume them for a while! The stock market will rebound soon, and they are also eager to buy shares in Yongji, so as to reach a shareholding cooperation with Yongan Department Store."

It will rebound in July, and it’s okay to wait until the end of the year. On the contrary, Japan’s Seiyu Co., Ltd. should be very anxious.

The 25% of the stock in the hands of Chinese Land is valued at 8 million, and at least 7.5 million has to be returned, otherwise he can't afford to lose face as a "losing business".

At this time, there is only 30 billion cash left in the account of Chinese Land, and the property negotiation over there has not yet started!

It seems that by the end of this year, the debt of Chinese Land may reach 60 billion to 70 billion!
By then, the difficulty factor of privatization will be greatly reduced!

Next, the senior management of New Era Group began to report.

"Garden Road King, we have spent 21.7 billion funds this time (currently [-]% of the shares, and the other [-]% is owned by the Lin family), according to your instructions, we plan to make a preliminary design first, and then contact us after two or three months. Wanguobaotong, proposed cooperation”

"Sceneway Garden, the property above Lantian Subway Station, will be able to produce the first draft of the drawings in August, and the construction will officially start at the beginning of next year."

"Tower 66, Diligende Pavilion, we are actively communicating with the Planning Department to build the tallest residence in the world according to your requirements, with a height of [-] floors."

After listening to the report, Lin Zuhui added: "In the second half of the year, I will have to discuss with the Hong Kong government the land supplement fee for the Heyuan Power Plant. This large housing estate is our flagship residential project in the mid-to-late 90s."

Smiles appeared on everyone's faces. In early 1988, Li Chaoren's three major housing estate projects were considered to be very prestigious in Xiangjiang; and everyone also believed that Li Chaoren would have four major housing estate projects in the 90s.

Today, New Times Group has not only cut off a large-scale housing estate project of Li Chaoren, but also cooperated with CLP on a housing estate project. Although it is still far behind Cheung Kong, it is more powerful than Hong Kong.

Moreover, New Era Group is developing real estate and rent-collecting real estate at the same time, without focusing on it;
This is almost none of the real estate developers in Xiangjiang.

The reason why New Times Group is so courageous is because it is not afraid of debt;
Moreover, it escaped two crises in a row, and bought bottoms in the crisis.

Of course, by the end of the year, the debt of the New Era Group will reach a terrifying 150 billion, and it will be inevitable to be ridiculed as the "debt king" by then.

Lin Zuhui is not afraid of the company's debts. The first is that he has his own funds to back up. The second is that he planned to start oil futures before the incident of "Iraq's invasion of Kuwait", that is, in early 1990.

Although the oil price fell again soon after the sharp rise, for a person like Lin Zuhui who knows history, he is still sure to ship on the basis of controlling a certain amount of funds; moreover, he knows that the highest price is 42 US dollars per Barrels, but he never makes the last money, it is estimated that starting from $30, he will gradually sell.

In this meeting, Lin Zuhui finally concluded:

The New Era Group, with a capital of 60 billion, went to the market to purchase a large number of reserve lands, and began to prepare a large number of lands!

Huaren Real Estate still has 30 billion in cash in its account, and plans to borrow another 30 billion in cash to prepare for the acquisition of properties that can be sold by Landmark.

At the end of the year, New Era Group won the title of "Debt King"!

Lin Zuhui's personal debt is currently as high as 65 billion (he still has 70 billion in cash, and the Garden Road Land King spent 10 billion), and he is also the debt king.

However, although the debt is high, the assets of the New Era Group are too rich, and they were bought at the bottom.

As long as Heung Kong Properties does not plummet further, no bank will feel at ease. After all, the debt ratio is only about [-]% to [-]%.