Hong Kong's new giants

Monday, May 7.

In the office of Huazhi Center, Lin Zuhui is looking at the "Hong Kong Telecommunications Industry Report" written by Lu Donglai and Yang Baolin.

The comprehensive department of New Era Group currently includes: retail (Site Convenience, Yonghui Supermarket), infrastructure (10% stake in Tate’s Cairn Tunnel), ports, and telecommunications.

Among them, ports and telecommunications are the areas that Lin Zuhui will prepare for this year, because next year, No. 8 Kwai Chung Container Terminal, No. 2 and No. 3 mobile phone licenses will start bidding.

Looking at the information in his hand, Lin Zuhui thought carefully:
Hong Kong Telecommunications Corporation (British Dadong Holdings) has monopolized Hong Kong's telecommunications industry for a century. The company's strength is second only to HSBC Group. It controls the patent rights of local fixed telecommunications and international telecommunications, and has 1.6 employees.

The Hong Kong local telephone patent will expire in 1995.There will be a life-and-death contest for the grant of new patent rights.This year, Hong Kong Telecom has resorted to a unique trick, first "cutting the Hong Kong telephone patent into a piece of flesh and bones"-that is, canceling Hong Kong (local) telephone charges.In this way, the battle for patent rights is undoubtedly "dogs fighting for meat and bones".Hong Kong Telecom does not feel bad about abandoning it; the new patent right winner is tasteless, and will not be profitable for at least a few years.

The overseas telephone patent owned by HKT will expire in 2006.Overseas telephone revenue is the bulk of the company's profits, and it can enjoy 16 years of patent rights.Before the expiration, Hong Kong Telecom will go all out to strive for the patent right after 2006.

Of course, local telephone patents are by no means unprofitable, because: Although the right to operate local fixed-line telephone network services does not include the right to operate international telephone networks.However, when anyone makes an international call and picks up the phone to dial, the message must first pass through the local network before reaching the gateway of the international telephone network, and then sent out of Hong Kong.At the same time, the principles of international calls and faxes into Hong Kong are the same.Therefore, if anyone uses the new network to make or receive international calls in the future, if the new network is directly connected to the international call channel, HKT will have to pay the new network operator an average per minute?Delivery fee in Hong Kong dollars (about 1.05 yuan per minute, will be specified when the government invites tenders).

Because the local telephone patent needs to expire in 1995, but it is estimated that the tender will be called for in 1993. The matter is not urgent!
However, in addition to overseas telephone patents and local telephone patents, there is also a field of telecommunications - mobile phones (cell phones) and pagers. This field does not belong to the "patent business".

Since the late 80s, the innovation of mobile communication tools has enabled the rapid development of Hong Kong's non-proprietary telecommunications industry.Mobile phones (cell phones) and wireless pagers (BB machines) have increasingly become necessary communication tools for interpersonal communication.

In the field of non-patented communications, Hutchison Communications is currently the only one. At present, it has 100 paging stations, serving 23 customers and occupying 50% of the Hong Kong paging market; 55% of cellular mobile wireless telephone services, currently has more than 5 customers.

The reason why Lin Zuhui started to intervene now is because he knows that the Hong Kong government will allocate two mobile phone licenses next year, and Hong Kong Telecom must have one license, so the remaining license will naturally fall into fierce competition.

Of course, Lin Zuhui also knows that licenses will be issued in the future, and even CT2, the second-generation mobile phone license, will be issued soon.

Therefore, this year he wants to form New Times Group's "Times Telecom" to a certain scale, starting with the simplest pager license, and then quickly catch up with British or European companies that have "European digital system GSM" technology, and then participate in Next year's mobile phone license bidding, and launch of GSM mobile phones.

It doesn't matter if you don't have the technology, then find a company with technology to cooperate with, preferably a British company, which is conducive to winning the bid.

It doesn't matter if you don't have experience, you can immediately buy a paging company. That year, Hutchison bought seven paging radio stations and launched wireless phones first, establishing its dominance in the non-telecom patent field in one fell swoop.

Therefore, as long as New Era Group has money, it can still get a share of this industry.

in the afternoon.

Lu Donglai, the person in charge of the comprehensive department and a director of the group, and Yang Baolin, the general manager of Times Telecom, came to Lin Zuhui's office.

Lin Zuhui said: "The telecommunications department has been fully established, right?"

The market research has already been done. Obviously, the New Era Group has been preparing for a lot of time.

Yang Baolin quickly said: "The establishment has been completed, and the information of the paging radio company has also been prepared."

Lin Zuhui nodded and said: "Well, quickly initiate the acquisition of the paging radio station. The Hong Kong government will issue a mobile phone license next year. We must have a certain strength to be qualified to intervene in this field. Therefore, when you enter the paging field At this time, we have to consider cooperating with European telecom operators so that we can launch GSM mobile phones!"

Yang Baolin seemed to be well prepared, so he said, "Well, I can complete the tasks you gave this year."

Lin Zuhui said with satisfaction: "That's good, the group has sufficient funds, and now we have to focus on all aspects!"

"it is good!"

Lu Donglai is actually a little strange. Is the group really rich in funds?
Even if it is ample, but with the boss's spending speed, the debt may be more than 100 billion by the end of the year!

After Yang Baolin left, Lu Donglai said: "Boss, Hailu Container is very interested in our proposed cooperation and plans to visit you!"

Lin Zuhui nodded, and he gave a big bait, that is, New Times Group will only buy 50% of its shares, and Sea-Land Containers will retain 37% of the shares; then, Lin Zuhui will lead the bidding for the next Kwai Chung Containers.

For sea and land containers, whether they want to withdraw or stay, this plan is very tempting.If you withdraw, you can make a profit now; if you stay, with the leadership of a local named Lin Zuhui, Hailu Container may not be able to win the No. 8 Kwai Chung Container.

"Okay, what's the status of the contact with the European shipping service of Modern Container Lines and the British Railway Shipping Company?"

"The contact was made, but they didn't give a clear answer, as if they didn't want to sell it very much! But I guess, they may still be considering it, and we haven't made an offer, so they are not enthusiastic."

Hearing this, Lin Zuhui thought for a while before saying, "I'll ask HSBC to help us test it out!"

"Ok!"

Lin Zuhui didn't directly harm anyone's interests by doing these things. It can only be said that he was buying high-quality shares and making investments.Even if he succeeds, in the eyes of everyone, his ambition may not be seen, at most he wants to invest in the container terminal industry.

Because the reputation of International Containers and Li Chaoren is too great, no one would have thought that Lin Zuhui would dare to launch a real challenge.

In the past, the several confrontations between Lin Chaoren and Li Chaoren were not actually direct confrontations. After all, the bidding was always for the highest bidder, and the two of them were not the only ones who were qualified.

And if Lin Zuhui woos everyone to bid for No. [-] Kwai Chung Container Terminal, he will be in direct combat with Li Chaoren, and anyone with a discerning eye can see the smell of gunpowder.

The next day.

New Times Group and Citicorp Bank, the two companies held a signing ceremony and invited reporters to witness.

New Era Group sold 7% of the equity of "Garden Land King" to Citigroup Bank at a price of 8000 million yuan (with a profit of [-] million yuan).

At the same time, New Era Group, Citigroup and Hengjin Real Estate (Lin's private real estate company) jointly invested in 'Citizen Plaza'.

The construction fees and taxes in the later period are naturally completed through the loan from Wanguobaotong.

After the signing ceremony between the two parties was completed, both Lin Zuhui and Steve were interviewed by on-site reporters.

Reporter: "Mr. Lin, what kind of building is Wanguotong Plaza? Does your company have a preliminary plan?"

Lin Zuhui smiled and said: "You are really asking the right question. As early as half a year ago, we were already planning this project. At present, the preliminary plan has come out, and the next step is to refer to the opinions of Wanguobaotong. The general plan is: we plan to build two high-end office buildings with intelligent structure operation, each floor has an elevated platform floor, and has an optical fiber central communication system. On the square platform, a 47-story Citibank Bank Building , a 37-story Yatai Financial Building with a total floor area of ​​166 million square feet”

When it comes to construction topics, Lin Zuhui is not only eloquent, but also extremely professional. This is what all reporters think, and he is indeed a great friend of real estate.

The reporter asked a few more questions, and Lin Zuhui answered them all.

There is a question that also involves the core strategy of New Era Group, but Lin Zuhui has no choice but to express his opinion.

Reporter: "Currently, Xiangjiang Real Estate is in a downturn. Some people say that it will become an airport. I would like to ask Mr. Lin, whether New Times Group will follow other companies and invest funds overseas?"

Undoubtedly, this question is a bit tricky!
However, Lin Zuhui said generously: "In addition to considering investing in the mainland, New Times Group will not consider transferring funds overseas for the time being. Our policy is still based in Hong Kong and developing here."

applause!

Next, the reporter also asked Steve, the representative of Wanguobaotong.

"I would like to ask President Steve, how does Citicorp think about this 'Cititel Plaza' project?"

Steve said confidently: "The central location of Wanguotong Plaza has redefined the banking center in the central district. We are very confident!"

At this time, the banking center in the Central District should be HSBC and Bank of China Tower.

Of course, this will not affect the relationship between Lin Zuhui and HSBC.

The press conference that day quickly spread throughout Xiangjiang, but the real estate should still be depressed. After all, Lin Zuhui can only represent himself.

Everyone's fear will not be less, so this mood may last until the end of the year.

Then it can also be analyzed that, in fact, after December, Xiangjiang's real estate began to pick up.After all, as far as Lin Zuhui knew, in one year, that is, in June 12, real estate returned to the level before the plunge.

This is also good, the shorter the time for buying bottoms, the faster his competitors will not be able to react, and the properties that are buying bottoms in the new era can also appreciate rapidly.

Throughout July, New Times Group, the Lin family, Wanhui Media, and LEIT Group completed property transactions worth 30 billion yuan.

New Times Group's transaction objects are: land, old real estate, land exchange rights and other land reserve properties;
The transaction objects of Hengjin Real Estate are: shops, high-end residences, villas, and office buildings
Wanhui Media and LEIT Group are also the same as Hengjin Investment.