Hong Kong's new giants

One day in early August, Lin Zuhui came to the office of Zheng Jiachun, general manager of New World Development.

At this time, the debt of New World Development has reached 60 billion, which should be 10 billion higher than that of the same period in the previous life (the expenditure of the two buildings in Yongan).

Zheng Jiachun is not Lin Zuhui, Lin Zuhui can reduce the debt of the company in the financial market;
And if Zheng Jiachun continues to do big projects, he can only engage in loans and self-raised funds.

This time, Zheng Jiachun planned to take back at a high price—50% of the equity in the two hotels in the convention and exhibition center held by the Hyatt Hotel Group.

That year, Zheng Yutong developed the Convention and Exhibition Center and sold 50% of the above two hotels - New World Seaview Hotel and Grand Hyatt Hotel - to the Hyatt Group for a sale price of 15.6 billion Hong Kong dollars.

Now, Zheng Jiachun, who is his son, wants to take it back. Although the real estate is falling now, the Hyatt Hotel doesn’t care about you so much. It has to be sold at the price before the plunge (estimated at 25 billion).After all, the convention and exhibition center has been built, two hotels will open soon, and you are going to redeem your shares, so there is no such good thing.

Therefore, Zheng Jiachun's plan will inevitably require huge funds. In addition to bank loans, he also needs to raise some funds himself.

The two sat down on the sofa, and Lin Zuhui said with a smile: "How did you think of selling the rights and interests of the Convention and Exhibition Plaza Building?"

Zheng Jiachun seemed to be very optimistic, and responded: "Under the ideal price, it is our company's strategy to sell the office buildings in the Convention and Exhibition Plaza! I know you have sufficient cash flow, so I call you to negotiate the price! "

Lin Zuhui nodded. Zheng's failure to raise funds from the stock market is flawed.Today, Zheng Jiachun plans to sell part of the interest in the Exhibition Plaza Building (office building), which is nothing.When his father comes back out of the world, he will sell a lot of high-end properties. In his previous life, he was dubbed by the public as 'Uncle Tong comes back and gives a big gift'.

The property situation of the entire convention and exhibition center is:

Two hotel buildings (Grand Hyatt and Seaview, a total of 1460 hotels)
Convention Plaza Building (office building, totaling 69 square feet)

Luxury residential building (hotel self-management, the price is lower than that of the hotel, and you can enjoy hotel services; the property area is 72 square feet)

Showroom lobby (20 square feet)

Restaurants and Recreational Venues
"How much interest do you plan to sell?" Lin Zuhui asked.

Zheng Jiachun stretched out two fingers and said, "[-]% interest!"

The so-called [-]% interest is of course only an estimate, and the actual transactions are all sold by floor.

Lin Zuhui asked again: "What price do you plan to sell?"

Although the two are friends, they came to the company today to discuss business matters. However, Lin Zuhui intends to buy the property of the convention and exhibition center for Hengjin Real Estate, that is, to hold it personally.

Zheng Jiachun said bluntly: "5000~6000 Hong Kong dollars per square foot, this is the trump property of the Convention and Exhibition Center, it is worth the price!"

Not expensive, and this price is only available at this time.Although the Convention Plaza is located in Wanchai, even the office buildings in Wanchai have different levels of rent. Before the sharp drop, the rent here was at least 50~55 yuan per square foot.

Lin Zuhui didn't bargain, after all, this thing is rare in the market.

Next, Lin Zuhui carefully looked up the information on the sale of office buildings (sold by floor), with a total area of ​​15 square feet and a total price of 8.3 million Hong Kong dollars.

Finally, Lin Zuhui said: "Choose a day to sign the contract!"

Zheng Jiachun asked curiously, "Aren't you going to bargain?"

Lin Zuhui asked back: "Why should I counter the price, it is worth the money!"

For a while, Zheng Jiachun felt that Lin Zuhui's funds were unfathomable, and he was very envious.

The purchase of the flagship property in the Convention and Exhibition Center is only a part of the investment of Hengjin Real Estate. After all, Lin Zuhui personally prepared a total of 80 billion for bottom hunting; 30 billion of which were bought in securities and index futures, and the other 50 billion will be used for investment Property (including 10 billion spent by the Garden Road Land King).

Lin Zuhui came to No. 1 Peak Road, Cha Liangyong's residence, carrying a gift.

Speaking of Peak Road, the most expensive villa is of course No. 75 Peak Road - Ho Tung Gardens. This villa has always been vacant, and it was sold for 63 billion in later generations.Of course, Lin Zuhui was not interested in this villa at all.

Jin Daxia warmly received Lin Zuhui. Of course he knew why Lin Zuhui came to him, but he was most optimistic about Lin Zuhui taking over Ming Pao Group.

Lin Zuhui saw the "Little Dragon Girl" who was only five years older than him and 29 years younger than Jin Daxia pour tea for him, so he quickly said thank you!

"Why are you being polite? It's not your first time here!" Xiao Longnu said with a smile.

Lin Zuhui smiled, he had seldom played with Jin Daxia in the past few years, there were too many things.

After tasting the tea, Lin Zuhui explained his intentions: "Jin Lao, Wanhui Media intends to take over Ming Pao Group, and I hope to think about it."

He didn't need to talk about money, Jin Daxia also knew that Lin Zuhui was not short of money, so he didn't care too much.

A trace of worry flashed across Jin Yong's face and said: "You were my favorite, but you are now focusing on real estate. Besides, are you planning to let Wanhui Media integrate my Ming Pao Group directly?"

His worry is very reasonable. If someone else wants to sell the property, Lin Zuhui can simply merge the newspapers into Wanhui Media.But Jin Daxia is different. He also wants to succeed Ming Pao Group to carry forward the Ming Pao Group, and the Ming Pao brand will continue to spread.

Therefore, Lin Zuhui said confidently: "Of course not! My idea is that we will first buy you and Mr. Shen a total of 70% of the shares. During the period, you will continue to serve as the chairman of the board of directors, and we Wanhui Media will lead Ming Pao The group went public. After the listing, Ming Pao Group is essentially a public company. Its management in all aspects is integrated with Chinese and Western methods, and it adopts a relatively independent management method. Moreover, my idea is to attach importance to the distribution of overseas "Ming Pao". In short, we will continue to Develop Ming Pao Group, rather than sit back and enjoy dividends."

Ming Pao Group only made a few dollars, and the entire 90s was estimated to be around 15 to 20 billion. It can only be said that Wanhui Media made a little bit of money; but if it used the money from buying Ming Pao to invest in properties, I don’t know how many times it would earn.

What he fancy is influence!

When Jin Daxia heard that Lin Zuhui planned to list Ming Pao and then conduct a more independent business model, it was very useful; moreover, Ming Pao had the resources and support of Manfai Media.

"I am keen to seek a young man who is smart, capable, enthusiastic about journalism, and sincerely working hard to take over the Ming Pao Group. In every respect, you are the best candidate. The only disadvantage is that you are too busy!" Jin Yong smiled Said.

Steady!Lin Zuhui thought to himself.

Lin Zuhui immediately said: "Old Jin, what do you think of ATV's performance in the past two years?"

Jin Yong nodded, even showing a look of admiration, and said: "The performance is naturally very good, all the people in Hong Kong praise it, Hong Kong finally has two channels that I like to watch! And I also know that everyone said you accounted for half of the More than credit!"

Lin Zuhui said modestly: "Half of the credit is definitely not there. After all, I work at ATV for half a day every week."

Jin Yong was relieved, and then he remembered that Lin Zuhui's memory and wisdom are far superior to ordinary people!

"I'm afraid you won't even stay in Ming Pao half a day?"

"Old Jin, Wanhui Media has a lot of talents, you must be aware of it. Besides, Ming Pao itself is also full of talents, so why worry about it. Besides, with you and me watching, and the integration of resources from a large group, I believe " Ming Pao will have a better development."

Anyway, it's all deceitful words, so Lin Zuhui will say more.Regarding the development of Ming Pao, his original intention was to proceed step by step, and let Wanhui Media provide some support in news materials. To put it bluntly, it was resource sharing and distribution.

Jin Daxia nodded, no doubts.

Instead, Lin Zuhui took the initiative to mention: "In terms of price, Wanhui Media has 5 million in cash and is willing to pay you and Mr. Shen for [-]% of the equity!"

Sure enough, Jin Yong didn't care about the price, but asked curiously, "Why is there so much cash in the account of a newspaper group?"

Unexpectedly!

Lin Zuhui said with a smile: "Currently, Wanhui Media's annual profit is more than 3 million yuan. We are no longer a single newspaper/magazine group. Our comic industry accounts for 5000% of Hong Kong's profits, hundreds of millions of yuan in net profits; not only that, we The manga branch in Japan can earn more than [-] million in Japan every year. We also have a huge property, and a lot of money is earned from selling the property.”

Jin Yong sighed and said: "You have completed the media group and the real estate group!"

Lin Zuhui said: "I'm planning for a rainy day! The newspaper industry in Xiangjiang has always been uneven. I think that if you want to run a newspaper with peace of mind, you should have a huge group and huge profits to support the long-term operation of the newspaper industry. For example, "Huaqiao Daily" has a history of more than 60 years, if Cen has a strong financial strength to carry out modern operation and revision, why should he plan to change hands."

Jin Yong has to admire Lin Zuhui's brain, others think very long-term and steadily.

On the same day, the two had almost finalized the deal, which shows that Lin Zuhui's investment over the years has been very effective.

You know, we talked about it for two years in the previous life.

According to rumors, there were more than 10 consortia wanting to acquire Ming Pao, including:

The acquisition partner formed by acquisition experts Liang Botao and Zheng Jinghan;

British newspaper tycoon Maxwell;
Li Ka-shing, the richest man in Hong Kong;
Jardine Matheson, the chief foreign firm in Hong Kong, and an Australian media tycoon;

Rupert Murdoch, major shareholder of the South China Morning Post;

Yu Pinhai, owner of Tokuma Bookstore in Japan and his consultant.

In this life, Jin Daxia is not only satisfied with the price given by Lin Zuhui, but also satisfied with Lin Zuhui's choice.

Although they agreed verbally, the transaction between the two parties still required contact at the company level, as well as communication with Shen Baoxin, another shareholder of Ming Pao Group.Therefore, it is estimated that it will take some time to be officially completed.

Of course, Lin Zuhui believes that Jin Daxia is not the kind of person who breaks the contract. After all, Yu Pinhai was so poor in his previous life, and Mr. Jin was willing to sell it. There is no reason why Lin Zuhui would not believe it.