Hong Kong's new giants

"Currently, the revaluation of New Era Real Estate's internal assets is 16.5 billion, the debt is 5.12 million, and the debt ratio is 71%. There are seven real estate projects under development under its umbrella, with a residential area of ​​1300 square feet and more than 62 residential units. …The asset value of rental properties accounts for 13.9% of the company, and the rental properties are scattered and complicated, and the operating costs are high…The company’s land reserve is at an average level among medium-sized real estate developers…The company’s current market value is 25 billion, which has already Ranked [-]th among the listed companies of Xiangjiang Real Estate, developing rapidly..."

After listening to Liang Zhenxun's words, some executives wanted to clap their hands happily, but seeing Lin Zuhui's expression, they knew it was not the right time.

Lin Zuhui followed the notebook with one hand and held a pen in the other, and said calmly, "Let's talk about the company's current problems!"

Today's meeting is not here to sing praises. He has already found that the potential of real estate in the new era is insufficient, and there are some outstanding problems.Because he has high requirements for real estate in the new era, he will never be satisfied with being a medium-sized real estate developer.

Chen Bin took the lead and said: "Let me talk about the issue of property development! Although New Era Real Estate has seven sites under development this year, which is considered an upper level among medium-sized real estate developers, our company's land reserves and old buildings are insufficient. The general direction of the company is the developer, so we need to start increasing the land bank now...the lower the cost of land, the lower the cost of building development, and we will be more competitive in the future."

This involves a general direction. Chen Bin also said that it depends on whether the boss wants to focus on rent collection or development of the site!

Lin Zuhui nodded, but did not express his opinion.

At this time, Gao Yi also said: "The company's rental property also has some problems: the proportion of shopping malls and office buildings is insufficient, the proportion of residential buildings is too large, the value of individual properties is low and scattered, and the operating cost is high...We can try to sell some Residential properties, to increase the company’s land bank.”

Gao Yi did not disregard the overall situation of the company because he was in charge of the rental property.

Next, the remaining executives also spoke one after another, looking for faults with the company!

After listening to everyone's speech, Lin Zuhui said with a smile:

"It seems that today's meeting was held in a timely manner, and many problems of the company were identified! What everyone said is very reasonable, and it is just time for us to formulate the following development strategy for next year."

"First of all, I will contact various banks to provide about 2 million loans in the near future. We want to increase the company's land bank. Although the current price seems to have increased a lot, compared to one year later, two years later, we will buy today property, it is quite a bargain.”

Lin Zuhui's first move was Wang Zhan. Now that the real estate developers in Xiangjiang have just experienced a sharp drop in real estate, no real estate company dares to have a debt ratio close to [-]%.

But Lin Zuhui dared, because he knew that there would be no big plunge in the future;

After the '10 stock market disaster', the real estate industry as a whole fell by 15% to [-]%, and the New Territories land exchange certificate fell by [-]%;

After the '25 stock market crash', the real estate industry as a whole fell by 30% to 82%, but it rebounded in less than a year (it took almost four years for the [-] plunge to rebound, and the period was sluggish for more than two years).

To sum up, without the 1982 crash of more than 40%, the [-]% debt ratio is completely acceptable, and even [-]% would not go bankrupt.Of course, the premise is that the bank is willing to borrow, which requires some rhetoric.

"Secondly, I plan to clean up a number of residential properties and properties with poor rent collection performance in February next year (1986), and withdraw about 2 million funds."

The second is very necessary. New Era Real Estate has taken over a batch of properties with poor rent collection performance just from Weiyi Real Estate (the property itself has increased in value and made a small amount of profit). Rental properties (scattered, mainly residential), cleaning up these rent-collecting properties can not only withdraw [-] million yuan of funds, but also reduce the company's operating costs, and finally make a lot of money.

"Finally, after New Year's Day, we will start to sell our residential properties in small batches. You must complete the formalities."

Everyone nodded in agreement, and wrote down the boss's speech in their notebooks.

After the meeting was over, Lin Zuhui was still thinking about New Era Real Estate. After New Era Real Estate cleaned up the rent-collecting properties in February, it had to clear some properties in the second half of the year to buy land and reduce rent-collecting properties.

As long as it was before May 1987, it was worth buying land and old buildings to increase the company's land reserve.

The reason why New Era Real Estate reduced the pounds to collect rented properties was because Lin Zuhui knew that he could reap the benefits of Huaren Real Estate.At that time, a parent company will focus on real estate development, and its subsidiary Huazhi will focus on rent-collecting properties. As for China Entertainment, it will be privatized after the August [-]th disaster.

……

Lin Zuhui himself negotiated loans with the bank, and one of the biggest advantages is that the bank actually looks at the person first, then the company's development prospects, and finally decides whether to loan or not.

In the eyes of bankers, an excellent leader determines the company's prospects, so they are willing to lend to an excellent leader.

Lin Zuhui is not only the chairman of the listed company New Era Real Estate, but now he has added another title-the chairman of the listed company Wanhui Media.

The current market value of Wanhui Media is 4 million, and the annual profit scale can reach more than 4000 million. It is second only to Sing Tao Group (8000 million annual profit), Ming Pao Group (6500 million annual profit) and Yulang Group (4800 million) in the Hong Kong media industry. Annual profit, unlisted), similar to Oriental Press (annual profit of 4000 million), higher than Tiantian Newspaper (annual profit of 1500 million).

This is because although Oriental Newspaper and Tiantian Newspaper have extremely high sales volume, such popular newspapers do not make money and cannot attract advertisers.

And Wanhui Media's GOOD card can reach a monthly net profit of 100 million, not to mention "FHM" and "GOOD" magazines are popular with advertisers, which can be called money-absorbing weapons.

……

Bank of East Asia.

Lin Zuhui came to Li Guobao's office to discuss loan matters.

The reason why he loves the Bank of East Asia loan is because he wants to make friends with Li Guobao; at that time, when he buys Chinese real estate, he will be betrayed by his father Li Fushu.

"Mr. Lin, I took a look at the information you submitted yesterday! I found out that your New Era Real Estate's non-recurring profit this year is 1.5 million yuan. This somewhat surprises me!"

炒楼花的那一笔，也被划为非经常性盈利。所以就是狙击爱美高0.23亿、做空美元/日元0.36亿（241点下跌至213点）、狙击大生地产0.36亿、炒楼花0.5亿，总计1.45亿的非经常性盈利。

Lin Zuhui nodded and said: "At the beginning of development, we had no choice but to take such a risky investment. At present, our company is adjusting its strategy, which is to shift the focus to property development. This debt is to increase the land reserve. In order to alleviate the Under pressure from the company, next year we will gradually sell some properties with poor rental performance and start selling off-plan residential properties.”

Li Guobao praised: "Mr. Lin is not at a loss for the new tycoon in the business world. I also agree with this strategic layout. As the largest creditor bank and cooperative ally of New Era Real Estate, we approved your 12 million loan this time, with interest [-] per cent."

Lin Zuhui quickly expressed his thanks. It is obviously very good news that the Bank of East Asia can undertake half of the loans at one time.

"Don't worry, Mr. Li, as soon as the loan arrives, we will immediately buy high-quality land and old buildings, and we will not make other investment projects!"

The two chatted for a while, then Lin Zuhui got up to leave. He didn't dare to say that he would invite Li Guobao's father to dinner or something, so as not to startle the snake.

For the 5000 million loan project of New Era Real Estate, he took the initiative to contact the Bank of China, and he got a loan of [-] million very smoothly; getting the loan came second. After all, New Era Real Estate has many options, mainly because Lin Zuhui plans to start and cooperate in Hong Kong. contact with Chinese-funded banks and Chinese-funded companies to prepare for entering the mainland.

As for the remaining 5000 million funds, two small banks were divided into loans.

The 2 million combined loan was negotiated on the last day of 1985. Lin Zuhui was a little proud of his charm.

He probably knows the thinking of these bankers. He used to think that being young was a disadvantage, but once you made great achievements, those people changed their minds one after another.

After all, if you are young and have made some achievements, they think it may be good luck; once you own two listed companies, the total market value has approached 20 billion (18 billion), those people will think you are a genius, you are a business wizard.

They no longer have any worries, and they are all optimistic about Lin Zuhui. At this time, youth has become an advantage again.

On the last day of 1985, Lin Zuhui was in the office of New Times Real Estate, feeling a little emotional.

The success of Wanhui Media is rooted in the fact that he stole the ideas of his predecessors. It just so happened that "FHM" and "GOOD" magazines broke into the virgin land again, becoming the first to eat crabs and occupy the first place. up the market.If he is asked to run a daily newspaper, there is a high probability that it will be a waste of time.

The success of real estate in the new era, in addition to the experience of his predecessors, he also has the help of contacts, familiarity with future real estate development, and most importantly, his advanced information.For example, by sniping at Amerigo, he got 2300 million from Liu; for example, he shorted USD/JPY and made a profit of another 3600 million.

Chapter 128 [Foreign exchange investment increase]

January 1986, 1, New Year's Day.

Royal Villa.

Wang Qilin's eldest son, Wang Jinchu, and second son, Wang Jincheng, came back from the United States for the winter vacation because of the university.

Originally this kind of festival was supposed to be a family reunion. Lin Zuhui hadn't married Wang Lingyin after all, so naturally he wouldn't come to Wang's house to join in the fun; however, Wang Qilin invited Lin Zuhui to his home, and together with him persuaded Wang Jinchu to return to work at Gaosheng Real Estate in Hong Kong.

Because last summer, Lin Zuhui and Wang Jinchu had played a few times, but they were familiar with each other, and Wang Qilin was also in a hurry to go to the doctor.However, Lin Zuhui still did not disappoint Wang Qilin. Before Wang Jinchu returned to Hong Kong, he asked him to pretend that he was not in good health.

In the living room, everyone was sitting on the sofa chatting, waiting for lunch.

Lin Zuhui saw that Wang Qilin was flirting with him, so he also bit the bullet and said, "Brother, are you familiar with Li Chaoren's eldest son Li Zeju?"

Wang Jinchu is 23 years old this year, Lin Zuhui is 21 years old, and Wang Jincheng is 20 years old this year, so Lin Zuhui usually calls Wang Jinchu "big brother"; but Wang Jinchu and Wang Jincheng have been studying in the United States, and they don't know the relationship between Lin Zuhui and Wang Lingyin. They only know that their father attaches great importance to Lin Zuhui. Treat him like his nephew.

"This is to ask if Laodou and Li Chaoren are familiar with each other! Their second generation has a circle, such as Zheng Jiachun, Michael Kadoorie, Lin Jianyue, Guo Bingxiang, Feng Yongxiang, Huang Zhixiang, etc. If their parents have friendship, they will continue In their area, there are usually parties or something. I remember that I was taken to participate once before, and then others would not take you to play, because our family is too small!"

When Wang Qilin saw that the eldest son had the intention of "underestimating" himself, he almost scolded him. Although he was kind to Lin Zuhui, he was more severe with his sons.

Lin Zuhui shook his head and said, "No, no, if the position of the father's generation is small, how did Dickson Pan get in?"

Pan Dickson's father is at best a watchmaker, and he is certainly inferior to Wang Qilin in terms of wealth.

"He, I've heard of him, he is a famous brand king, he worked hard to start his own business and achieved success!" Although Wang Jinchu is not in Xiangjiang, he is quite familiar with these things, after all, he still comes here for more than a month every year.

Lin Zuhui also said: "It seems that Li Zeju has been working in Changshi last year (1985), and he will come back after graduating from university!"

Wang Jinchu immediately understood why Lin Zuhui spared a lot of money. It turned out that he was acting as a lobbyist for his own father.

"Old Dou, it's not like I won't come back. I'll come back after graduating from a master's degree in business administration in two or three years!"

Wang Qilin pretended to cough twice, sighed deliberately, but did not speak.

Lin Zuhui was helpless, this lobbyist is really a full-time nanny today.

"Brother, Uncle Wang's health is not good recently. He didn't tell you! Last time I played golf with him, I suddenly couldn't straighten my waist."

Wang Jinchu immediately said nervously, "Old Dou, why didn't you tell me!"

Wang Qilin waved his hand and said, "What's the use of telling you, I'm tired. If you tell me to wait for you for two or three years, what's the use of me telling you this!"

The eldest is his proud son, smart and eager to learn since he was a child, he is also afraid that the relationship between father and son will become stiff, and reading is a good thing, how can he use force!

At this time, Lin Zuhui naturally wouldn't get involved, he just started.He won't do the thing that offends his uncle in the future!

In terms of wealth, Lin Zuhui was almost as big as the Wang family. At this time, he came to the door purely as a future son-in-law, but he would not interfere with their housework.

At present, Wang Qilin is also very important to Lin Zuhui, and he still has 13% of New Times Real Estate shares;

Without the shares in his hands, Lin Zuhui is really afraid of being attacked by others, after all, he only holds 34.7% of the shares.

He currently does not have the strength to increase his holdings, and he can only increase his holdings to 49% after the '[-] stock market disaster', so during this period, Wang Qilin is an ally of himself.

Wang Jinchu is not an ignorant person, and finally said: "Then let me think about this issue, old man, take care of yourself!"

The problem of succession cannot be avoided by the children of the family, unless you firmly refuse to accept it from the beginning, the elders can only make other plans; but Wang Jinchu is not stupid, if he refuses, he has two younger brothers, and he will suffer in the end.

As for why Wang Qilin insisted on Wang Jinchu come back, because his eldest son is the best, his second son is generally good at learning and loves to play, and his third son has been very stubborn since he was a child.

Seeing the eldest son let go, Wang Qilin was in a good mood, and drank a lot of wine with Lin Zuhui at noon!

Lin Zuhui struck while the iron was still hot and said: "Lin Baixin's second son, Lin Jianyue, is a talented person. He joined Lai Sun Group after graduating from university. From 1983 to 1985, Lin Jianyue urged Lai Sun to acquire a large number of lands, and the family wealth doubled!"

Wang Jinchu made a toast to Lin Zuhui and said, "Speaking of which, I also know that since last year, under your suggestion, Ah Hui, Laodou has done our family a big favor by purchasing a property worth [-] to [-] million yuan. Come, let me toast you."

I really should toast to myself. The Wang family now has assets of more than 20 billion, which is an increase of [-] to [-]% compared to before meeting Lin Zuhui. It can be seen why Wang Qilin has taken a fancy to Lin Zuhui, and even his daughter is at ease. Take it out to play with Lin Zuhui.

"Helping each other, Uncle Wang also helped me a lot!"

The meal was pretty good. Lin Zuhui doesn’t need any relationship with Wang Qilin now—he plays golf and eats seafood with him every week, and only needs to have dinner together once in a while; the main reason is that Lin Zuhui takes Wang Lingyin out every week. Playing for a long time, and Wang Qilin is more of a business cooperation.

After eating, Lin Zuhui was about to get up and say goodbye.

Looking for an opportunity, Wang Lingyin quietly asked, "Brother Hui, did you have an appointment with your girlfriend this afternoon?"

Lin Zuhui understood what the little girl meant, so he said, "Appointment tonight!"

"Then go shopping with me!"

"Then let's go together!"

After a while, Wang Jinchu watched Lin Zuhui finish his meal, took his sister away, and looked at Wang Qilin.

Wang Qilin shook his head and pretended to say: "You two older brothers are studying in the United States, Ling Yin regards Zu Hui as his older brother."

Wang Jinchu and Wang Jincheng were speechless. Is my sister missing a brother?

……

After getting into Lin Zuhui's presidential car, Wang Lingyin stretched out her fair little hand.

"Brother Hui, Happy New Year!"

The implication is to bring a gift!

Lin Zuhui was taken aback, he forgot to buy a gift for Wang Lingyin today, but fortunately, he bought a gift for Guan Jiahui, and now he just took it out to borrow.

But before that, Lin Zuhui laughed and said: "Don't tell me, I prepared a gift for you, but I forgot to take it out just now!"

Wang Lingyin asked curiously, "What gift?"

"It's winter vacation homework, I have prepared a lot of workbooks for you!"

"It's annoying, Brother Hui! I don't need that, my grades are so good!"

Needless to say, Wang Lingyin's admission to Xiangjiang University is a sure thing, as for studying abroad, it should be impossible.

Lin Zuhui smiled and took out a jewelry box from his arms, and said, "I'm lying to you! This is the gift I prepared for you!" After speaking, he opened the jewelry box, and inside was a bracelet.

Wang Lingyin looked at Lin Zuhui's face playfully, and suddenly said: "What gift are you going to give Sister Guan later, give this to me now!"

Such a smart girl!

"This is for you, as for her, let's go buy it together later!"

Wang Lingyin stretched out her jade hand and said, "Then put it on for me!"

Lin Zuhui put on the bracelet, let alone a good match.

Wang Lingyin looked left and right, his face was full of joy.

"Brother Hui, I have prepared a gift for you too, close your eyes!"

again!

Lin Zuhui followed suit honestly, but this time he was surprised, his cheeks did not feel wet, but his lips were surrounded by moisture.

The feeling disappeared quickly, and when he opened his eyes, he saw Wang Lingyin admiring the bracelet as if nothing had happened.

Lin Zuhui smiled wryly, is it developing too fast?