Hong Kong's new giants
Chapter 367 [Enhancing the Influence of the New Era]
Huazhi Center.
Chen Bin came to Lin Zuhui's office and said, "Boss, will you participate in the auction of the land in Shiyouyi Village, Sham Shui, Kowloon?"
"Land information" immediately flashed through Lin Zuhui's mind. This land has 20 square feet. According to the plot ratio (Hong Kong's plot ratio) of 7.8, the floor area is 150 million square feet.
Large and medium-sized housing estates like this can be counted as "luxury housing estates" because of complete supporting facilities.Therefore, this project is very promising, as a New Era Group with sufficient cash flow, how can we miss it!
What's more, I originally wanted to invest in a rental property worth 20 billion Hong Kong dollars, but there is no suitable target in the market now.It seems that rich people are not stupid. If they plan to sell it when the market is good, then put it aside first.
Lin Zuhui said: "I won't participate, you go to participate, just remember to get the land back!"
Chen Bin knew it well, mainly because the boss had analyzed the real estate trend and was very optimistic about the housing market in the next few years.Therefore, it is difficult for other real estate companies to dare to follow the New Era Group's bid.
"Okay, I know!"
Chen Bin didn't ask the boss about the upper limit, and even if he knew the boss wouldn't say it, he left it all to himself.The average land price in Kowloon is only 2500 Hong Kong dollars per square foot, but this is a "luxury land", and there may be a 20% to 70% premium.
Not long after Chen Bin left, Li Ke brought Huang Tingfang and his son from Xinhe Real Estate to Lin Zuhui's office.
Lin Zuhui got up to greet him, and said, "Huang Sheng, brother Zhixiang, come and make my place flourish!"
The Huang family is a big friend of the auction house, but when they meet Lin Zuhui, they can only bow down.Huang's father and son also want to cooperate with New Era Group, but for large-scale commercial projects, Lin Zuhui will reduce the number of cooperation partners, unless it is a very large project.
Huang Tingfang said with a smile: "Lin Sheng recently Weishui Xiangjiang, even a huge company like Hengchang Enterprises, has been acquired by you, we are willing to bow down!"
"You're welcome, please sit down!"
Joining if you can't beat it is probably the idea of the Huangs and his sons. Their so-called big friends may not be the opponent of the cash cow of the New Era Group.
Sure enough, not long after drinking tea, Huang Tingfang said: "Lin Sheng, I am dissatisfied with you. We, Xinhe, are also very optimistic about the housing market in Xiangjiang. However, if the two powers want to compete, no matter who wins, the Hong Kong government will be the cheapest. Therefore, Can the two of us strengthen cooperation and cooperate on a large amount of official land for residential buildings?"
He only emphasizes residential government land and does not emphasize large-scale commercial projects. He also knows that Lin Zuhui attaches great importance to rental properties.To put it bluntly, residential land is a place to make quick money, and it is easier to reach cooperation.
Lin Zuhui smiled and said, "Why not! The housing project earns one-time money. If I have extra funds, I can develop a few more sites. There is really no need to fight to the death with a strong opponent like Huang Sheng."
Huang Tingfang was very happy immediately, and said: "That's really great! It's true, every time our two families raise the price, the Hong Kong government will earn [-]% more, which is not worth it!"
Lin Zuhui nodded and said, "Since that's the case, why don't we work together to get involved in the land this time?"
Huang Tingfang and his son cheered up and nodded.
"Of course, you can't ask for it!"
The New Times Group is too powerful, and Xiangjiang is only comparable to Cheung Kong (Huazi). Not only that, the New Times Group's ability to raise funds is simply invincible. Either it makes a lot of money from financial investment, or it is a large-scale rights issue to raise funds, or it will Part of the interest was sold to the Lin family, and the most important thing is that the recurring net profit for one year is also very high.
The cash cow is the New Era Group.
Chen Bin was called again, and the two sides quickly finalized a [-]-[-] cooperation, with New Era Group leading the auction, building planning, construction, sales, etc.
After chatting for a few more words, Lin Zuhui said: "Huang Sheng, your Huang family has a very deep foundation in Singapore. If there is an opportunity, how about a business project together?"
Huang Tingfang immediately said: "Of course, we will definitely cooperate if we have the opportunity!"
Lin Zuhui nodded. He is also thinking about one thing recently, which is to spread the investment of New Times Group overseas and inland.Although the profit margin of overseas real estate is low, if the local situation is stable, it will be a very good investment environment.
Therefore, this year and next year, European and American office buildings will buy cheap and enter Star City, which is all under Lin Zuhui's consideration.
After Huang Tingfang and his son left, Lin Zuhui called Liang Zhenxun.
"Forget about investing in rental properties, high-quality properties may not be found in a short while. The end of this month is the delivery month of the Hang Seng Index contract, and the Hang Seng Index is expected to fall below 2900 points."
Seeing that the boss stopped talking, Liang Zhenxun immediately asked, "Does the boss want to buy blue-chip stocks?"
This time, Lin Zuhui shook his head, but continued to think.
After a long time, he said: "I want New Era Group to invest in Xiangjiang's listed and non-listed companies on a large scale, and increase the influence of New Era Group in Hong Kong. We will spend at least 15 billion to 20 billion per fiscal year to invest in some valuable assets. Potential companies, you can ask the securities department to give good advice later, you can give priority to some of our partner companies, such as Yang Shoucheng's Emperor International, Fang Jin's Great Wisdom Development, Liang Botao's Peregrine, Pacific Concord. Some Chinese companies will go public in the future company, we can also participate in it.”
Liang Zhenxun understood, nodded immediately and said: "This is indeed a good investment direction. It can increase our influence in Hong Kong and get a good return. Although blue chip stocks are stable, their returns are far inferior to some high-quality small and medium-sized stocks. Moreover, this type of investment is a win-win situation. The invested company issues ordinary new shares and exchanges the cash in our hands to obtain the development of the company; and we can also get the shares at a par price and wait for the appreciation. Importantly, this can also strengthen cooperation. and increase influence."
This is just Li Chaoren's routine, but Li Chaoren has just started. Lin Zuhui feels that the cash flow of New Times Group will be so high soon, so he can do it.
In Hong Kong, most of the wealthy invest in securities. Li Chaoren lost nearly one billion in futures index in the August [-]th stock market crash.
There is another reason why Lin Zuhui changed his mind about investing in blue-chip stocks. Although the Hang Seng Index plummeted by about 20% this time, most blue-chip stocks performed well, especially the peak market value of New Era Group was 480 billion, and there are still 450 billion at present. Less than 10%.
On September 9, the Furama Hotel, which has been renovated for nearly 8 months, reopened with a grand opening ceremony. Celebrities from Xiangjiang came to congratulate.
In fact, even after the re-opening, the tourism industry in Xiangjiang will flourish, and the hotel industry in Xiangjiang may not soon reach the peak period in 1988; the reason is that the competition is too fierce, and the continuous prosperity of the hotel industry in the 80s stimulated investment in hotels. .It is estimated that by 20, more than 400 hotels will open in Hong Kong.Among them, the super-large hotels with more than 566 rooms include: Hong Kong Island Shangri-La with 550 rooms; Panda Hotel with [-] rooms in Tsuen Wan; hotels with [-] rooms on Lockhart Road, Stewart Road and Shed Road ( Not officially named), a [-]-room hotel in North Point.
Therefore, there is no way for the Furama Hotel to make a lot of money when it opens. An 8% rate of return (profit divided by the current asset value) per year is not bad.
Lin Zuhui was not interested in the rate of return of the Furama Hotel, but hoped that his family would have a luxury five-star hotel in Central to demonstrate the strength of the family.
"Lin Sheng, congratulations!" The invited guests congratulated Lin Zuhui one after another.
Today invited many artists, including Jack Cheng, Hong Sanmao, Zhou Runhua, Zhou Xingchi, Zhang Guorong and other top stars of Xiangjiang.To open a hotel, the most important thing is to be famous, so today half of the entertainment circle in Xiangjiang has been invited.
What was more interesting during the period was that Gao Lihong looked at Lin Zuhui in a strange way, but Lin Zuhui was very calm. Some women just pass by, and he didn't take any pictures of them.
In the banquet hall, Li Mingtao, vice president of New Era Hotel, delivered a speech, and then the banquet officially began.
Lin Zuhui's table is full of big names in the business world, Zheng Yutong, Zheng Jiachun, Lee Shau Kee, Li Jiajie, Huang Tingfang, Huang Zhixiang and others.
During the period, Zheng Yutong asked curiously: "The New Era Hotel is in the Hilton Hotel in Manila. It should be very profitable, right?"
Speaking of this, Lin Zuhui couldn't help but feel a little proud, not because of how valuable the Manila Hilton Hotel is, but because his operating methods have been cited as classics by Xiangjiang financial critics.
The acquisition fund was 1200 million U.S. dollars that year, and New Era Hotel only provided 300 million U.S. dollars, and the rest was high-risk financing (loans with slightly higher interest rates) arranged by Japanese-funded financial companies.
"It is estimated that most of the debt can be repaid this year, and next year not only can the cost be recovered, but also a slight profit."
The reason why the profit is so high is that the original large shopping malls of the hotel are leased to the Manila government as a casino.Not only is the rent very high, but it has also driven the development of the hotel industry, with an annual profit of almost 50% (low acquisition cost), which is a rare and most profitable hotel.
Zheng Yutong and his son showed envy on their faces. There is absolutely no problem with which hotel is now valued at 3000 million US dollars. The profit on the asset book alone has more than doubled.Because the political situation in the Philippines was stable last year, and this year the government is even more vigorously developing the tourism industry.
But there is no way, Lin Zuhui's grasp of the situation is unmatched by Xiangjiang.Even the big hotel group has developed by leaps and bounds in the past few years because of Lin Zuhui's joining.
After everyone chatted for a while, Lin Zuhui greeted the guests with a glass of wine.
After all, as the host, no matter how high the status is, he still has to say a few words to the guests.
Lin Zuhui's status in the entertainment industry is naturally unquestionable. Chow Run Wah, Zhou Xingchi, Li Lianjie, etc., these movie stars are all cultivated by DreamWorks; and now Lin Zuhui is planning "Hong Kong Stream Culture to Revitalize Hong Kong", which has established his reputation in the entertainment industry. In detached status, Sixth Uncle Shao is already inferior to him.
He came to the artist, patted Jack Cheng on the shoulder, and said, "Big star, when are you going to Hollywood?"
The two had some minor conflicts back then, but they no longer took it to heart, and Jack Cheng naturally didn't dare to take it to heart.
"Lin Sheng, I'm overwhelmed. I can't even beat Brother Fa and Master Xing. How dare I go to Hollywood!" Jack Cheng said with a smile.
Lin Zuhui said with a smile: "Hollywood is the bigger stage for stardom. Europeans and Americans don't understand the meaning of our movies, but appreciate our kung fu movies."
Jack Cheng suddenly felt like rushing to Hollywood, but soon calmed down. With the support of Golden Harvest, he is now internationalizing his films.That is to open the international market first, and then enter Hollywood.
After chatting briefly with everyone, Lin Zuhui withdrew and returned to his seat.
He is in a good mood today. The Furama Hotel is the only hotel owned by the Lin family in Hong Kong. Although the Grand Hotel is also a major shareholder, outsiders regard the Grand Hotel as the property of the Kadoorie family.
Lin Zuhui himself is also a person who likes to eat, relax, take a sauna, and sing K in hotels, so he has a hotel of his own, and sometimes he can stay there for a whole day with girls.
Chen Bin came to Lin Zuhui's office and said, "Boss, will you participate in the auction of the land in Shiyouyi Village, Sham Shui, Kowloon?"
"Land information" immediately flashed through Lin Zuhui's mind. This land has 20 square feet. According to the plot ratio (Hong Kong's plot ratio) of 7.8, the floor area is 150 million square feet.
Large and medium-sized housing estates like this can be counted as "luxury housing estates" because of complete supporting facilities.Therefore, this project is very promising, as a New Era Group with sufficient cash flow, how can we miss it!
What's more, I originally wanted to invest in a rental property worth 20 billion Hong Kong dollars, but there is no suitable target in the market now.It seems that rich people are not stupid. If they plan to sell it when the market is good, then put it aside first.
Lin Zuhui said: "I won't participate, you go to participate, just remember to get the land back!"
Chen Bin knew it well, mainly because the boss had analyzed the real estate trend and was very optimistic about the housing market in the next few years.Therefore, it is difficult for other real estate companies to dare to follow the New Era Group's bid.
"Okay, I know!"
Chen Bin didn't ask the boss about the upper limit, and even if he knew the boss wouldn't say it, he left it all to himself.The average land price in Kowloon is only 2500 Hong Kong dollars per square foot, but this is a "luxury land", and there may be a 20% to 70% premium.
Not long after Chen Bin left, Li Ke brought Huang Tingfang and his son from Xinhe Real Estate to Lin Zuhui's office.
Lin Zuhui got up to greet him, and said, "Huang Sheng, brother Zhixiang, come and make my place flourish!"
The Huang family is a big friend of the auction house, but when they meet Lin Zuhui, they can only bow down.Huang's father and son also want to cooperate with New Era Group, but for large-scale commercial projects, Lin Zuhui will reduce the number of cooperation partners, unless it is a very large project.
Huang Tingfang said with a smile: "Lin Sheng recently Weishui Xiangjiang, even a huge company like Hengchang Enterprises, has been acquired by you, we are willing to bow down!"
"You're welcome, please sit down!"
Joining if you can't beat it is probably the idea of the Huangs and his sons. Their so-called big friends may not be the opponent of the cash cow of the New Era Group.
Sure enough, not long after drinking tea, Huang Tingfang said: "Lin Sheng, I am dissatisfied with you. We, Xinhe, are also very optimistic about the housing market in Xiangjiang. However, if the two powers want to compete, no matter who wins, the Hong Kong government will be the cheapest. Therefore, Can the two of us strengthen cooperation and cooperate on a large amount of official land for residential buildings?"
He only emphasizes residential government land and does not emphasize large-scale commercial projects. He also knows that Lin Zuhui attaches great importance to rental properties.To put it bluntly, residential land is a place to make quick money, and it is easier to reach cooperation.
Lin Zuhui smiled and said, "Why not! The housing project earns one-time money. If I have extra funds, I can develop a few more sites. There is really no need to fight to the death with a strong opponent like Huang Sheng."
Huang Tingfang was very happy immediately, and said: "That's really great! It's true, every time our two families raise the price, the Hong Kong government will earn [-]% more, which is not worth it!"
Lin Zuhui nodded and said, "Since that's the case, why don't we work together to get involved in the land this time?"
Huang Tingfang and his son cheered up and nodded.
"Of course, you can't ask for it!"
The New Times Group is too powerful, and Xiangjiang is only comparable to Cheung Kong (Huazi). Not only that, the New Times Group's ability to raise funds is simply invincible. Either it makes a lot of money from financial investment, or it is a large-scale rights issue to raise funds, or it will Part of the interest was sold to the Lin family, and the most important thing is that the recurring net profit for one year is also very high.
The cash cow is the New Era Group.
Chen Bin was called again, and the two sides quickly finalized a [-]-[-] cooperation, with New Era Group leading the auction, building planning, construction, sales, etc.
After chatting for a few more words, Lin Zuhui said: "Huang Sheng, your Huang family has a very deep foundation in Singapore. If there is an opportunity, how about a business project together?"
Huang Tingfang immediately said: "Of course, we will definitely cooperate if we have the opportunity!"
Lin Zuhui nodded. He is also thinking about one thing recently, which is to spread the investment of New Times Group overseas and inland.Although the profit margin of overseas real estate is low, if the local situation is stable, it will be a very good investment environment.
Therefore, this year and next year, European and American office buildings will buy cheap and enter Star City, which is all under Lin Zuhui's consideration.
After Huang Tingfang and his son left, Lin Zuhui called Liang Zhenxun.
"Forget about investing in rental properties, high-quality properties may not be found in a short while. The end of this month is the delivery month of the Hang Seng Index contract, and the Hang Seng Index is expected to fall below 2900 points."
Seeing that the boss stopped talking, Liang Zhenxun immediately asked, "Does the boss want to buy blue-chip stocks?"
This time, Lin Zuhui shook his head, but continued to think.
After a long time, he said: "I want New Era Group to invest in Xiangjiang's listed and non-listed companies on a large scale, and increase the influence of New Era Group in Hong Kong. We will spend at least 15 billion to 20 billion per fiscal year to invest in some valuable assets. Potential companies, you can ask the securities department to give good advice later, you can give priority to some of our partner companies, such as Yang Shoucheng's Emperor International, Fang Jin's Great Wisdom Development, Liang Botao's Peregrine, Pacific Concord. Some Chinese companies will go public in the future company, we can also participate in it.”
Liang Zhenxun understood, nodded immediately and said: "This is indeed a good investment direction. It can increase our influence in Hong Kong and get a good return. Although blue chip stocks are stable, their returns are far inferior to some high-quality small and medium-sized stocks. Moreover, this type of investment is a win-win situation. The invested company issues ordinary new shares and exchanges the cash in our hands to obtain the development of the company; and we can also get the shares at a par price and wait for the appreciation. Importantly, this can also strengthen cooperation. and increase influence."
This is just Li Chaoren's routine, but Li Chaoren has just started. Lin Zuhui feels that the cash flow of New Times Group will be so high soon, so he can do it.
In Hong Kong, most of the wealthy invest in securities. Li Chaoren lost nearly one billion in futures index in the August [-]th stock market crash.
There is another reason why Lin Zuhui changed his mind about investing in blue-chip stocks. Although the Hang Seng Index plummeted by about 20% this time, most blue-chip stocks performed well, especially the peak market value of New Era Group was 480 billion, and there are still 450 billion at present. Less than 10%.
On September 9, the Furama Hotel, which has been renovated for nearly 8 months, reopened with a grand opening ceremony. Celebrities from Xiangjiang came to congratulate.
In fact, even after the re-opening, the tourism industry in Xiangjiang will flourish, and the hotel industry in Xiangjiang may not soon reach the peak period in 1988; the reason is that the competition is too fierce, and the continuous prosperity of the hotel industry in the 80s stimulated investment in hotels. .It is estimated that by 20, more than 400 hotels will open in Hong Kong.Among them, the super-large hotels with more than 566 rooms include: Hong Kong Island Shangri-La with 550 rooms; Panda Hotel with [-] rooms in Tsuen Wan; hotels with [-] rooms on Lockhart Road, Stewart Road and Shed Road ( Not officially named), a [-]-room hotel in North Point.
Therefore, there is no way for the Furama Hotel to make a lot of money when it opens. An 8% rate of return (profit divided by the current asset value) per year is not bad.
Lin Zuhui was not interested in the rate of return of the Furama Hotel, but hoped that his family would have a luxury five-star hotel in Central to demonstrate the strength of the family.
"Lin Sheng, congratulations!" The invited guests congratulated Lin Zuhui one after another.
Today invited many artists, including Jack Cheng, Hong Sanmao, Zhou Runhua, Zhou Xingchi, Zhang Guorong and other top stars of Xiangjiang.To open a hotel, the most important thing is to be famous, so today half of the entertainment circle in Xiangjiang has been invited.
What was more interesting during the period was that Gao Lihong looked at Lin Zuhui in a strange way, but Lin Zuhui was very calm. Some women just pass by, and he didn't take any pictures of them.
In the banquet hall, Li Mingtao, vice president of New Era Hotel, delivered a speech, and then the banquet officially began.
Lin Zuhui's table is full of big names in the business world, Zheng Yutong, Zheng Jiachun, Lee Shau Kee, Li Jiajie, Huang Tingfang, Huang Zhixiang and others.
During the period, Zheng Yutong asked curiously: "The New Era Hotel is in the Hilton Hotel in Manila. It should be very profitable, right?"
Speaking of this, Lin Zuhui couldn't help but feel a little proud, not because of how valuable the Manila Hilton Hotel is, but because his operating methods have been cited as classics by Xiangjiang financial critics.
The acquisition fund was 1200 million U.S. dollars that year, and New Era Hotel only provided 300 million U.S. dollars, and the rest was high-risk financing (loans with slightly higher interest rates) arranged by Japanese-funded financial companies.
"It is estimated that most of the debt can be repaid this year, and next year not only can the cost be recovered, but also a slight profit."
The reason why the profit is so high is that the original large shopping malls of the hotel are leased to the Manila government as a casino.Not only is the rent very high, but it has also driven the development of the hotel industry, with an annual profit of almost 50% (low acquisition cost), which is a rare and most profitable hotel.
Zheng Yutong and his son showed envy on their faces. There is absolutely no problem with which hotel is now valued at 3000 million US dollars. The profit on the asset book alone has more than doubled.Because the political situation in the Philippines was stable last year, and this year the government is even more vigorously developing the tourism industry.
But there is no way, Lin Zuhui's grasp of the situation is unmatched by Xiangjiang.Even the big hotel group has developed by leaps and bounds in the past few years because of Lin Zuhui's joining.
After everyone chatted for a while, Lin Zuhui greeted the guests with a glass of wine.
After all, as the host, no matter how high the status is, he still has to say a few words to the guests.
Lin Zuhui's status in the entertainment industry is naturally unquestionable. Chow Run Wah, Zhou Xingchi, Li Lianjie, etc., these movie stars are all cultivated by DreamWorks; and now Lin Zuhui is planning "Hong Kong Stream Culture to Revitalize Hong Kong", which has established his reputation in the entertainment industry. In detached status, Sixth Uncle Shao is already inferior to him.
He came to the artist, patted Jack Cheng on the shoulder, and said, "Big star, when are you going to Hollywood?"
The two had some minor conflicts back then, but they no longer took it to heart, and Jack Cheng naturally didn't dare to take it to heart.
"Lin Sheng, I'm overwhelmed. I can't even beat Brother Fa and Master Xing. How dare I go to Hollywood!" Jack Cheng said with a smile.
Lin Zuhui said with a smile: "Hollywood is the bigger stage for stardom. Europeans and Americans don't understand the meaning of our movies, but appreciate our kung fu movies."
Jack Cheng suddenly felt like rushing to Hollywood, but soon calmed down. With the support of Golden Harvest, he is now internationalizing his films.That is to open the international market first, and then enter Hollywood.
After chatting briefly with everyone, Lin Zuhui withdrew and returned to his seat.
He is in a good mood today. The Furama Hotel is the only hotel owned by the Lin family in Hong Kong. Although the Grand Hotel is also a major shareholder, outsiders regard the Grand Hotel as the property of the Kadoorie family.
Lin Zuhui himself is also a person who likes to eat, relax, take a sauna, and sing K in hotels, so he has a hotel of his own, and sometimes he can stay there for a whole day with girls.
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