Hong Kong's new giants

Chapter 525 [Cooperation with Goldman Sachs]

In late October, Manhattan, New York.

In the office of Hengjin Investment, Lin Zuhui heard about the '100 billion' plan, which no longer has any traces of family office participation.At present, Lin Zuhui has completely separated the family office and Hengjin Investment, and the two have nothing to do with each other.

To be honest, Lin Zuhui is not very relieved about the management of the family office and Hengjin Investment.Of course, they are reliable in theory. After all, this is a capitalist society where capital is king, and Lin Zuhui is their god.

Moreover, with the growth of wealth, Lin Zuhui will have more and more means of hiding and protecting.The most direct and best way is the "feudal system", which distributes rich wealth to each concubine; at the same time, it operates the base camp of Xiangjiang.

Therefore, Lin Zuhui still won't have the feeling of 'I can't sleep because of too much money'.

George of Hengjin Investment reported: "Boss, all the stocks have been bought, and there has been no change."

Lin Zuhui nodded. A large part of the 100 billion stocks purchased this time was used in health care and banking stocks; the funds for buying the Internet were relatively small, because many Internet stocks that Lin Zuhui was familiar with were not listed at all, and they might still be in their infancy. , such as Yahoo, Amazon (which has been registered as a shopping mall), eBay, etc., and only listed: America Online, Cisco, etc.

After listening to the report, Lin Zuhui said: "After buying these stocks, there is no need to operate. I am investing for a long time, so you don't need to care about it. Recently, the price of oil has fallen to a low point. I plan to buy crude oil futures. You can operate it for me."

George immediately asked: "How much money does the boss plan to buy, and how much leverage?"

Lin Zuhui said: "Just 5 million Hong Kong dollars, plus ten times the leverage, just report to me at any time in terms of operation!"

"Ok!"

Futures have a delivery date, so it is far more difficult to operate than foreign exchange. Once the delivery is completed, the advantage of the trend that Lin Zuhui knows will disappear.For example, if you buy New York crude oil futures at a price of US$14, assuming that the price is at US$15 a barrel, you will indeed make money, but it will be difficult for you to operate in the future.After all, if you continue to buy, crude oil futures may fall briefly, and if it hits $13.6, you may be out of your position.

Of course, if it falls to $13.6 per barrel, then you must continue to buy; after all, you think it is bullish, so such a decline is also an opportunity.

Of course, in this wave of rising oil prices in general, Lin Zuhui is just making a fuss, and he doesn't plan to make much money.

If you really want to speculate in crude oil futures, you have to open a position for short selling before January 1997. Because of the Asian financial crisis, crude oil futures plummeted from 1 to 1997.

After all, the Asian financial crisis means that the demand for oil has decreased, and it is understandable that the price of crude oil has been cut in half.

Wall Street.

When Lin Zuhui came to Goldman Sachs Investment Bank, he was warmly received by its CEO, Whiteard.For Lin Zuhui, the richest man in the world, there are almost no people in the capital world who don't know him, but Lin Zuhui's legendary experience and mystery are more important.

Although his wealth is mainly distributed in Xiangjiang, Lin Zuhui's method of building New Times Group has always been regarded as a textbook by Wall Street.It is hard to imagine that in less than ten years, Lin Zuhui has developed a small real estate company into a huge empire with a market value of 230 billion US dollars.

Coupled with these two years, Lin Zuhui's two major projects in Manhattan and London are even more eye-catching.

After a brief exchange of pleasantries, Whiteard said with a smile: "Mr. Lin has achieved remarkable results in the past two years, which is worth learning from!"

Lin Zuhui had heard this kind of flattery a lot, and he had already dealt with it calmly.

So he said modestly: "Those two investments have not changed yet, so they are not considered achievements. On the contrary, a century-old company like Goldman Sachs is worth learning and learning from."

Naturally, White will not take a peek at Lin Zuhui. Although the two investment projects have no book profits, there is no doubt that there has been a "turning point". The Canary Wharf project, the turnaround is that the subway extension project from London has been approved and ready to start.

"Mr. Lin came to cooperate with us this time. Could it be that he is interested in another project?" Whited asked.

Lin Zuhui nodded with a smile, and said: "Goldman Sachs is an investment bank with a good reputation, so this time, we really hope to cooperate. We want to enter the retail commercial real estate in the United States, and hope that Goldman Sachs will serve as an investment consulting and consulting company. I think Doesn't this go against the 'anti-hostile takeover' strategy that Goldman Sachs has been building?"

There is an extreme investment bank on Wall Street, one is Morgan Stanley, which specialized in hostile takeovers in the 80s and [-]s, and then obtained record-breaking income; the other is Goldman Sachs, which adopted a completely different policy and refused to provide hostile takeovers On the contrary, Goldman Sachs will protect the victims, so Goldman Sachs brought a lot of influence during this period and became famous on Wall Street in one fell swoop.

The so-called protection of Goldman Sachs is not not to make money, but to let the "hostile bidder" pay more; for example, if company A wants to hostilely acquire company B, and company B asks Goldman Sachs for help, then Goldman Sachs will find a "white warrior" and raise money for company B. share price.There were two results. First, White Warrior united with Company B and defeated Company A. Second, due to the price hikes by White Warrior and Goldman Sachs, Company B was sold to Company A at a sky-high price, and all shareholders were happy.

White said with a smile: "Mr. Lin was joking. You will definitely not hostilely acquire an American company. I can definitely think of that. So, does Mr. Lin want to acquire a few shopping malls, or a retail business company?"

Lin Zuhui said: "We want to build a retail business brand in Europe and the United States, so we want to quickly establish this brand by acquiring existing shopping centers, remodeling, packaging, and attracting investment. However, we hope to enter the market quickly, so we hope to buy 10~ 20 malls."

White couldn't help admiring Lin Zuhui's surprisingly large handwriting at a young age. This is a big investment!
"Then Mr. Lin, do you have any requirements for these shopping centers? For example, location, city, etc.!"

Lin Zuhui said as a matter of course: "Of course there are. They must be located on the east coast and west coast of the United States. It is best to sell them as a package by one or two companies. As for the location of the shopping center, this needs to be considered in detail, but our shopping center is considered Aggregating regionally, rather than opening shopping malls in agglomerations. Because of this, the parking lot is very important.”

White nodded. In his opinion, Lin Zuhui is a real estate expert and the most legendary figure in this field.

"No problem, we will quickly find a suitable partner for you."

"OK"

Lin Zuhui was only here to take the lead, and then handed it over to his subordinates to communicate with Goldman Sachs. He would come to review after he had a suitable goal.

Over the years, Lin Zuhui has had quite good experience in understanding and operating shopping centers.In Lin Zuhui's view, the newly hatched "Amazon" shopping center will have many advantages, and its competitiveness in the United States will not be low.

On the whole, Lin Zuhui pays more attention to five points:

First, the four links are well developed and the parking is convenient;

Second, introduce informatization and intelligent management;

Third, unify the brand and enhance the influence of the brand;

Fourth, understand the local consumption level, and then attract investment in a targeted manner;

Fifth, establish a deep cooperative relationship with specific brands, sign a long-term cooperation agreement (low rent), and even sign a system of returning rent when the business is higher. Of course, this kind of discount is only available to a few brands. Mainly consider drainage.

Of course, the above is just talk on paper, and the details depend on the team.

Heung Kong's retail commercial real estate team has rich experience, but not all of them are suitable for European and American models; therefore, the follow-up can only be used as a reference.

The most important thing is to incubate the brand of 'Amazon' shopping center and start anew.

But then again, the most important thing for the success of a shopping center is 'timing'; if Internet shopping is developed (after 2015), then everything is a cloud, including shopping centers in Europe and the United States will be affected; It is very important, so this time Lin Zuhui will spend about 10 billion US dollars at one time, striving to establish an important position in the US retail commercial real estate in one fell swoop.

In early November, Lin Zuhui returned to Xiangjiang. This trip to the United States took nearly half a month. Because Lin Zixia gave birth to a son and Qiu Shuzhen gave birth to a daughter, Lin Zuhui stayed in Los Angeles for nearly 11 days.

During the period, if there was a work report, it was all commanded by remote control by telephone. With Lin Zuhui's decentralization, contracts of less than one billion Hong Kong dollars did not need his signature, and the group president Chen Bin completed it for him.

New Era Group.

Lin Zuhui was moving around in the office casually. He just returned to Hong Kong yesterday and found that he didn't have much work after returning. He simply communicated with the senior management in the morning and straightened things out.

When he first started working in real estate, he liked to visit every building unannounced, and he was worried about the contractors and contractors; now, the builders are all their own companies, and various management systems have been perfected, so he doesn't go to the construction site so often.

In recent years, the construction field of New Era Group has also developed very smoothly. Many of its buildings were built by them, and they have absorbed a lot of experience.Including the projects in the Mainland, Baohua Construction has participated in them, participated in and supervised the construction of the buildings.

Standing in front of the office window, you can see the Exhibition Plaza and Victoria Harbor at a glance. It is the tallest office building in Hong Kong, and it feels really good; but, after all, this is Wanchai, it is still not enough.

Although the rent in Central is expensive, it is the place that all business owners want to rent most, because it is a symbol of strength and reputation; the same is true for powerful foreign companies.

Therefore, the headquarters of New Times Group will be moved in the future, to the property above the Airport Railway Terminal, which faces Victoria Harbor directly and faces Tsim Sha Tsui across the sea.The important thing is that it can be higher and once again occupy the tallest building in Xiangjiang.

"dong dong"

Yuan Tianfan came to Lin Zuhui's office. He was the president of Hengchang Holdings, and he was in the office of No. [-] Building, Central Avenue; Lin Zuhui also fully delegated power to him, and rarely went there to get involved.

"Boss, we won the bid for the landline telephone franchise!" Yuan Tianfan said calmly while sitting on the sofa.

Lin Zuhui nodded and said, "As expected, the other two are Hutchison Whampoa and Wharf, right?"

Yuan Tianfan said: "Well, there was no accident, it was just the three of us."

There is no need to question Hengchang Holdings' technology and strength in telecommunications. Over the years of operation, it has invested a lot of money to develop the telecommunications industry in the United Kingdom and Hong Kong.

Lin Zuhui asked again: "How many customers does the British orange company have?"

Yuan Tianfan said with a happy face: "It's almost 15 households. I heard that Hutchison Communications is keen on our digital cellular communication network. It also plans to start this business soon, and has given up on CT9 in September."

Lin Zuhui heard the words and thought about it. At present, the mobile network business of British Telecom has two British capitals and two Hong Kong capitals. Invest in base stations and build service networks.

It is not a fixed telephone network, so many countries are open, and foreign companies can buy its license to operate this industry.For example, the British government will issue several 3G licenses at one time, and each sale will cost billions of dollars in license fees. The government will make a lot of money just from this.

Times Communication didn't spend much on the CT2 license, because at that time the industry was just sprouting.However, the investment in the past few years has been huge. The entire era communication has spent about 30 billion Hong Kong dollars on this, almost 10 billion a year.

What is the result in exchange, 15 British customers, 6 Hong Kong customers, a total of only 21 mobile phone customers.Xiangjiang has already started to make a profit, but the profit is not enough to cover the telecommunications expenses in the UK.

Lin Zuhui said: "Leading one step at a time, if you take care of the UK's telecommunications business, it is not impossible for the company to make hundreds of billions of Hong Kong dollars in profits in a few years. This is the uniqueness of emerging industries. How much profit you need is only how many customers you need.”

Yuan Tianfan suddenly became a little unbelievable, and it took him a long time to react, and said, "Don't worry, boss, I will try my best to develop the British telecommunications industry and strive to break through 30 households next year."

It is Lin Zuhui's always brilliant trick to give employees blood all the time, so he said: "This emerging industry will suddenly skyrocket, so 30 households will not be a problem next year. With the popularization of mobile phones, it is also very important for everyone to have one." Quick thing, think about how big this market is. So you develop British Telecom well, and when you have more customers, immediately arrange for listing, get cash back, and continue to develop.”

Yuan Tianfan had an idea immediately. He even thought that if Hutchison Communications also developed, would he be able to bring together the two companies to merge and develop at a certain time?
"Okay, I know!"

The fixed telephone network franchise that Xiangjiang won the bid this time is one of the four fixed telecommunications networks in Xiangjiang. The plan of Times Communication is: to invest 35 billion Hong Kong dollars (investment in installments) to provide telephone, data, fax, and A full range of video and dedicated computer services, and a 'personal number' service for the general public.

Since Times Communications has already invested in the telecommunications industry in the early stage, compared with Wharf, it has a certain number of mobile phone and fax customers, and has received technical support from British Telecom.

(End of this chapter)