Hong Kong's new giants

Wednesday, April 10.

Harcourt Building, Wanchai, Hong Kong, Hengjin Investment Headquarters.

Lin Zuhui learned about the cash out situation: Crude oil futures cashed out 92 billion, and there was still 35 billion in the account (the current price is 35.2 US dollars per barrel); short-selling Nikkei futures cashed out 48 billion, all positions were cleared.

At present, it seems that in another 5 trading days, Lin Zuhui's crude oil and Nikkei futures index will be able to withdraw 180 billion yuan, which greatly exceeds his estimated 150 billion yuan.

Therefore, after repaying all personal debts, he will have 200 billion in cash injected into the family office, and there will be about 50 billion left (during the period, he spent 17.5 billion on the purchase of 19% equity in two buildings, [-] billion in rights issues, charity and Xiaomi Technology, etc. investment).

恒金投资方面：恒金置业拥有百亿规模以上的香江收租物业，每年收租纯利都在5亿左右（目前的情况：万国宝通中心、中环广场正在建设中）、耐克3.9%股分（价值8亿多港币）、微软2%股份（价值10亿港币）、星巴克10%股权（估值1000万美金以上）
After such a rough calculation, Lin Zuhui is actually not many times richer than Li Chaoren!
In recent years, Li Chaoren has also invested in many industries in the name of his family, such as part of the shares of Husky Petroleum, the old site project of the Vancouver World Expo, the Suntec City project in Singapore, etc.; of course, the loan ratio is large.

Lin Zuhui suddenly felt a little dissatisfied. What have he done all these years?
What about money?

Soon he figured out that the reason why the New Times Group developed so fast was because the Lin Zuhui family was giving it blood transfusions.

Moreover, the scale of assets invested by private individuals, family offices, and Hengjin is about 400 billion (excluding shares and other companies), which is quite impressive.

Li Chaoren estimates that it is only half of the level (excluding company shares), and it may even be less than that.

Next, family offices and Hengjin Investment will invest in unleveraged 'low-risk' projects.

If there is any opportunity for risky financial investment, Lin Zuhui only needs to use his own "small treasury" for venture capital investment; as for his small treasury, the main source of funds is the remaining cash flow of about 50 billion this time, dividends from various companies, listings, etc. The company's chairman's fee.

The rent from Hengjin Real Estate will continue to be used as investment funds for Hengjin Investment.

This time crude oil futures is short, he has already planned to give up. First, he can’t buy it, second, it’s risky, and third, it’s hard to sell.

Besides, he had earned enough to take no chances.

in the afternoon.

Lin Zuhui came to the office of New Times Group, and Liang Zhenxun walked in quickly.

"Boss, all crude oil futures positions have been closed, and 30.6 billion Hong Kong dollars has been withdrawn, and a net profit of 27.1 billion has been obtained."

It could be seen that Liang Zhenxun was very shocked and excited. He thought to himself that his boss was simply a stock god, even more powerful than those Wall Street tycoons.

Lin Zuhui nodded and thought about it. The current debt of New Era Group is only 100 billion, and there is more than 40 billion in cash flow in the account again.The cash flow is very rich, and as for investing in the stocks of other companies, there is no one-time expenditure.

"Put it in the account, it is very necessary to maintain a certain amount of cash flow!"

"Well, from now on, our cash flow may be maintained at a certain level!"

Although the New Era Group spends a lot of money, its current monthly net profit of more than 3 million yuan is enough to handle it; next year's situation will be even better, and it may reach 5 million yuan in cash net profit per month (average).

If it was 1992, New Era Group would not only have low debt, but also have high cash flow reserves.

Lin Zuhui asked again: "How many companies have you negotiated about buying shares in other companies?"

Liang Zhenxun said: "Emperor International, Great Wisdom Development, and Zhichenghang have all negotiated, and their shareholdings are all in the range of 6% to 8%. A total of 1.5 million has been spent!"

They are all small companies, but Lin Zuhui knows that often such small companies will have a sharp increase in market value in the past few years.As for the future prospects, there is no need to worry. Lin Zuhui said that it is a long-term investment, and it is estimated that Liang Zhenxun will cash out all of it before 1994.

Lin Zuhui said: "Continue to look for targets, and try to buy 3 billion stocks in three months. If it doesn't work, buy blue-chip stocks."

Liang Zhenxun said confidently: "Boss, don't worry, our company's shareholding is a sign for those companies, and everyone welcomes it very much."

Directly issue new shares, and then subscribe, you can buy at par;
If more than 6% of the shares are bought in the secondary market, the stock price must have risen a lot.

Lin Zuhui nodded, just like when New Era Group invited Zheng Yutong to join, it means "fox pretends to be tiger".

Of course, the New Era Group's large-scale investment in these companies has also increased its own influence; let me tell you that the New Era Group already has the strength to participate in various companies, and its position in Xiangjiang can be seen.

Recently, the Hong Kong media will always report the telecommunications showdown between New Times Group and Hutchison Whampoa; the two are fighting from Hong Kong to London, competing with each other.

In Hong Kong: Since Times Communication won the bid for the mobile phone license in March, it has become one of the three mobile phone companies in Hong Kong. It has launched a fierce offensive. As of October, the number of customers has risen to 2.8; the other two are: Early Hutchison Communications (6.8 customers), which has been developing for many years, and Hong Kong Telecom (3.5 customers), which also just won the bid.

London: Time Communications has entered the British telecommunications industry since the beginning of August, and has successively acquired one of the seven national pager companies, a mobile phone license company, and CT8's second-generation mobile phone license company, and launched a fierce offensive.And Hutchison Communications was developed in London last year, and it is still one step ahead of Times Communications.

But Hutchison Communications never dared to take a peek. It also launched an acquisition in London and won a company with a CT2 second-generation mobile phone license to prepare for the development of second-generation mobile phones.

For a time, two Hong Kong-funded companies set off a wave of investment in telecommunications in London.

Anyone with a discerning eye can see that this investment is a long-term investment, and there is no possibility of making a profit in the short term.

Long Shiduo, the president of Times Communications, came to Lin Zuhui's office and reported on the development of the telecommunications industry in London.

Because it is an acquired company, the business can start immediately.

".At present, Hutchison Communications has increased investment. They themselves developed a year ahead of us, and we were lagging behind for a while! However, we still have great hopes of being promoted to one of the four major mobile telecommunications companies in London. "

Lin Zuhui thought about it, and Times Communication UK actually has many businesses: first-generation mobile phones, CT2 second-generation mobile phones, personal communication networks, Times paging, Times mobile data communications, and Times trunk mobile phones.It is not simply paging and mobile phones. After all, mobile phones also have many communication methods.

However, these businesses are actually not profitable, and they are still money-losing businesses.

What he really cares about is the development - the digital cellular communication network business (the technology is expected to be perfected after 1992), which is the business of the 'Orange (orange) company' in the previous life.This business has more audiences in Europe, and it can be spun off and listed in the future. If it is done well, it can learn from Huo Jianning in his previous life to "sell oranges" and make a huge profit of 1600 billion.That is to say, to achieve the third largest business in Europe, it is possible for the boss and the second child to compete for the ownership of the third child.

The sale of this business does not mean that Times Communications has withdrawn from the European market, because it can continue to do telecommunications business, and the impact is not great, because there are many businesses in it.

Of course, the money-losing business in the early stage must be continued, which is equivalent to the accumulation of business, technology, and channels in the UK!

After listening to Ronstall's report, Lin Zuhui said: "Well, you should first communicate with British Aerospace Corporation, Times Communications intends to exchange shares with them - that is, Times Communications (UK) buys all of their personal communications business and British Aerospace purchased 30% of our Time Communications (UK) equity; we will provide cash compensation for the price difference! Tell them that we are willing to jointly invest in the next few years according to the proportion of British Times Communications’ shares 8-10 million pounds to develop the UK mobile telecommunications market.”

Longstadt's eyes lit up. The boss's idea is great. British Aerospace's personal communication business lags behind Great Eastern Telegraph and Telegraph and British Telecom in the UK, and even Hutchison Communications (UK) is slightly behind.But if Times Communications (UK) accepts this business, it will be almost the same as Hutchison Communications immediately, and there will be no backward talk.

(PS: The personal mobile communication business in this era has a small market. Xiangjiang has 600 million people, only 60 paging users, and more than 13 mobile phone households. There are 360 million fixed-line phones, and it is still developing at a high speed.)
What's more, with a local company joining in, it's like doing business with a shield.Moreover, British Aerospace may also agree to this cooperation, because they themselves lag behind the other three companies, and their main business is not this business, so they are reluctant to invest.

But if the two parties cooperate, Times Communications will hold [-]% of the shares and [-]% of the investment. If it grows in the future, British Aerospace can also get a share, and this business will not gradually decline or even disappear.

"Okay, I'll set off for the UK right away!"

Lin Zuhui reassured: "Don't be so anxious, you first let Times Telecom (UK) make a 'big fight' momentum and make more noise in the media. Only in this way, British Aerospace will see our strength and determination .Then you can contact me again, and I will come forward to finalize this cooperation in person.”

Longstadt nodded quickly, and said, "Boss, the command is thoughtful!"

Lin Zuhui sighed again: "The telecommunications industry is a bottomless pit. It does not make money, but only invests. If I say why I attach so much importance, it is nothing more than optimistic about the future, so we must be prepared for a 'protracted war'!"

In the early stage, the United Kingdom and Hong Kong conservatively invested 100 billion Hong Kong dollars in telecommunications. Such a large investment must be sold as an 'orange'.

As far as he knew, BAE's personal communications company was called Rabbit.And the orange company in the previous life was a subsidiary of the rabbit company.

Of course, since Lin Zuhui knew that this kind of business made money, he must develop this kind of business before Hutchison Communications.

"Well, the prospect of the non-proprietary telecommunications industry (mobile phone category) will sooner or later surpass that of the proprietary telecommunications industry," Longstall said.

It is estimated that more than 10 years later!