Hong Kong's new giants

Chapter 378 [Take the building again]

In Xiangjiang, there are two rich men who are called "the most capable of winning women's hearts", and they can be called lovers of two generations.

Needless to say the old lover, of course it is the handsome He Sheng!

However, the waves behind the Yangtze River push the waves ahead, and Lin Zuhui has long replaced He Sheng's position among Xiangjiang women.

From a woman's point of view, Lin Zuhui has everything an attractive man should have.

In terms of appearance, Lin Zuhui is tall and handsome, with a handsome face, a straight nose, and a pair of deep black and white eyes. He is a standard handsome man.

Lin Zuhui's clothes are very particular, not necessarily because of the high quality of the material or how fine the workmanship is, but that it looks decent and tasteful on him.Lin Zuhui is a gentleman who speaks and behaves in a friendly manner and blends with the trend of the times.If you look carefully, you can also see Lin Zuhui's imperial demeanor and aristocratic temperament!
Lin Zuhui is good at singing and dancing, can sing Mandarin songs, Cantonese songs, English songs, Japanese songs, French songs, elegant and lyrical classical songs, and popular songs with intense rhythm.In a celebrity charity competition, he won the championship with his singing voice.As for dancing, Lin Zuhui was even more in the limelight, and many ladies and ladies were proud to dance with him.

Above, Lin Zuhui feels good about himself!

In fact, maybe he is 'billion rich'!
However, at the dinner party of "Legend of the New White Snake", he was so popular that Chen Meiqi, Ye Tong, and Zhao Yazhi three girls took turns to invite him to dance with him, which aroused the applause of the banquet hall.

Although Lin Zuhui was very popular, the most surprising thing that night was that only Zhao Yazhi took the initiative to leave a call for him.

It seems that it confirmed a sentence of Wu Yunru's previous life!

Of course, considering Daheng Lin's reputation, he would never consider having an affair with a married woman anyway.

Therefore, Prime Minister Cao couldn't do it.

On Monday, Lin Zuhui came to work in Huazhi Center early to deal with the backlog of more than ten days.Having said that - as long as he is alive, there will be no great fluctuations in the company under his company; in fact, as soon as Lin Zuhui went to work, a group of high-level executives came to his office to report.

Of course, all aspects were within Lin Zuhui's expectation, they were just a routine report.

Even though he often went abroad or went to the mainland recently, in Lin Zuhui's heart, he would not consider letting New Era Group spend a large amount of funds overseas in the past two years.

Of course he hopes to develop New Times Group globally, but considering the rate of return, Lin Zuhui feels that globalization should not be rushed for a while.Of course, it's not that we don't invest overseas now, but that we need to control it to a certain proportion.

After Liang Zhenxun reported his work to him, he asked: "Boss, the current cash flow in the account continues to rise, and it has risen to 40 billion Hong Kong dollars. This is not counting the funds you allocated to purchase the land reserve. Do you arrange to pay off another 20 billion Hong Kong dollars?" reduce the debt of the group to 80 billion Hong Kong dollars?"

Regarding this question, Lin Zuhui also seriously thought about it!
In fact, New Era Group does not need to spend too much on construction costs, because Chinese Land only accounts for 3% of the equity in Citicorp Center and Central Plaza, while Hengjin Investment accounts for 5%.In this way, Hengjin investment naturally accounts for the majority of construction costs.

There are still four buildings to be rebuilt in the future, but the total construction cost is less than 20 billion. Calculated evenly over two years, the monthly construction cost is less than [-] million. For the New Times Group, there is no pressure at all.

Even if there is no non-recurring profit next year, New Times Group (excluding Hengchang Holdings) is expected to have a net profit of about 60 billion, because Lin Zuhui knows the approximate housing price next year, and also knows the approximate floor area that his company can produce next year.Therefore, he can generally roughly estimate the profitability of the next year.

Lin Zuhui asked: "Is there crude oil futures?"

Liang Zhenxun shook his head and said, "It doesn't count, I invested 1 million yuan, and now I have a net profit of 3 million yuan!"

Lin Zuhui nodded, knowing it well. It is estimated that there will be nearly 50 billion cash flow by the end of the year, plus the net profit from real estate and so on.

"Repay it! Not only will we reduce our debt holdings to 80 billion, but we will also arrange a high dividend next year!"

As a person who is familiar with Lin Zuhui, Liang Zhenxun knows that the boss may be a ulterior motive and may want to raise funds next year.This is the "financial trademark" of New Era Group. It distributes high interest rates, revaluates assets, borrows (issuing bonds), raises funds, distributes 10 billion dividends, and may need to raise 50 billion.

"Ok!"

After Liang Zhenxun left, Lin Zuhui was a little absent-minded. If it continues like this, the market value will be more than 600 billion next year, which will be almost the sum of Sun Hung Kai and Cheung Kong.

In terms of real estate development, it is one of the three major suppliers;

In terms of land reserves, it has almost caught up with Sun Hung Kai;
In terms of investment and home ownership, it has surpassed Wharf;
In terms of hotel assets, it is second only to New World Development;
In terms of comprehensive assets, it is catching up with Hutchison Whampoa;

In terms of financial investment, the profit is too much to report;
It has to be added, Lin Zuhui's personal "temperament";
Therefore, New Era Group is deeply loved by investors in the securities market.

Lin Zuhui brought people to the conference room of Hongkong Land Company again to discuss the transaction of No. [-] Building on Queen's Road. In essence, Hongkong Land had almost agreed to put it on the market.

If this deal is concluded, the New Era Group will be equivalent to taking over 13 property properties of Hongkong Land in these years, involving funds as high as 140 billion yuan.The 13 properties include: Harcourt Building, Royal Mansion, Land Reserve, Dilikend Court, World Trade Center Tower, seven shopping mall properties, and No. [-] Queen's Road Central.

It's unbelievable to think about it. How much money has the New Era Group made over the years?I'm afraid Lin Zuhui didn't know what he was thinking about. The assets of the New Times Group are no longer roughly estimated as they were before, and they can't be estimated at all.Assets can only be revalued through a professional third-party appraisal company.

"Mr. Lin, you have been very busy recently, and you are always on business abroad!" Simon Keswick said with a smile.

Lin Zuhui responded: "It's always a good thing to inspect overseas markets. I can't be like a frog at the bottom of a well. What do you think?"

Simon Keswick immediately said: "Since this is the case, you should consider relocating, so that it is more convenient to do global business."

Although the two were good friends, Lin Zuhui scolded Simon Keswick in his heart.

Lin Zuhui seems to remember that the Hang Seng Index in his previous life rose to 1993 points at the end of 11000, and 12000 points at the beginning of the next year; and then in 1994, because of Fei Peng’s incident, Jardine’s cancellation of Heung Kong’s listing status, and the accumulation of a large number of profit margins, etc. Due to comprehensive reasons, the result was a sharp drop of 37% in one year, and it was only more than 8000 points at the end of the year.

Of course, without a sharp drop, Lin Zuhui would not be able to reap wealth, to be honest.

Regarding Ximen's proposal to relocate, Lin Zuhui said calmly: "Xiangjiang is very good. It can do business not only overseas, but also in the mainland. The most important thing is that it can do business in Hong Kong. Mr. Ximen, I believe that one day Hongkong will be able to do business again. Returning to Xiangjiang!"

Simon Keswick was stunned for a moment, and could only say: "We have never given up on Xiangjiang, but we have just globalized asset allocation!"

"Maybe it's a good thing!"

"Of course!"

After a while of 'persuading each other', the two finally sat down and started talking about business.

Lin Zuhui insisted on 30 billion, which made Simon Keswick know that it was time to close the deal.As far as the current market is concerned, this price is already a [-]% premium, which is quite attractive.

Of course, if the price was not right, Ximen thought that he would not sell this Central building cheaply anyway.This is a building in Central. It may be sold at a high price after a few years, and rents can be collected during the period.

Simon Keswick said: "Okay, we accept this price! You are optimistic about the prospects of the office building, and we will also get a certain premium, a win-win cooperation!"

Lin Zuhui nodded, and then said: "Mr. Ximen, since No. [-] Queen's Road will not be completed until the end of next year, so this time we hope to pay in six monthly installments, and we will pay the interest generated during the period as usual!"

This request is very reasonable, and there is a tradition of this kind of transaction in large properties.

However, Lin Zuhui, who has always been straightforward, now actually pays in installments, which makes Simon Keswick suspect that the cash flow of New Times Group is not high.Of course, no matter how high the money is, it is nothing for a large company.

"No problem!" Keswick still readily agreed.

When the two parties agree on the signing date, the deal will be concluded.

In this building, Lin Zuhui plans to let Hengjin Real Estate and Huaren Real Estate each hold 15% of the equity, which means each needs to spend [-] billion.The reason why Lin Zuhui wanted to pay in installments was because he planned to make a fortune on the Hang Seng Index futures.

At the beginning of next year, the Hang Seng Index is estimated to be around 3000 to 3100 points, but by the end of April, it will definitely be around 3600 points.Because, once the United States sends troops to fight Iraq, it only needs to report some news that the United States is superior, and the Hong Kong stock market will start to climb all the way.

To put it bluntly, real estate is "should not fall", and the stock market is sideways, all of which are waiting for the progress of the war in the Middle East.It is also enough to prove that Xiangjiang's stock market and prefectural cities are very affected by the general environment.

As Hengjin Real Estate has more and more rental properties, the rent generated every year in the future will not only be enough for Lin Zuhui to be chic, but also start buying assets for overseas fairies.

Because of this, Lin Zuhui spared no effort to purchase assets, which fell under the name of Hengjin Real Estate.In the future, Hengjin Real Estate's funds can also be injected into the family office in installments.

Back at Hengjin Investment, Lin Zuhui called Li Hao, who was still the president.

"Allow Hengjin to invest 10 billion Hong Kong dollars from the account, and you will need to pay a property fee later!"

At present, Lin Zuhui's small treasury is actually still in Hengjin's investment account, but it is just a few separate accounts.

This investment in Citibank cost 16 billion Hong Kong dollars, all of which were loans, because Lin Zuhui felt that he had to ensure sufficient cash flow; in addition, investing in Citibank was too profitable, and there was no need to consider interest at all.

"Okay, I'm ready to arrange!"

Lin Zuhui estimated that he would have to earn another 10 billion from shorting crude oil futures this time, just to offset this account, and his small coffers still had more than 50 billion in cash.

As for why 10 billion was allocated instead of 15 billion, because the remaining 5 million must be earned on the futures index.

In this way, Lin Zuhui finally didn't feel bad about buying properties at a premium.

In fact, he did not buy at a premium, and Hongkong Land would never sell it, because this is a high-quality building in Central; even though Hongkong Land is in a hurry to evacuate Heungkong, he also knows that Heungkong has a cycle, and it is inevitable to sell it when the real estate market is good.

Therefore, Lin Zuhui paid a [-]% to [-]% premium, and waited for several months. During this period, the incident of "Iraq's invasion of Kuwait" has passed, which led to Landmark's determination to sell.

If it is really discussed after the opening of the mainland, I am afraid that it will cost more than 36 billion!

(End of this chapter)