When I am reborn in Hong Kong, I just want to lie down

Last year, Seibu Group's Yoshiaki Tsutsumi became the world's richest man, with a personal wealth of US$200 billion. At this time, Bill of Microsoft only had less than US$5 million. In the original time and space, Bill should have had US$10 billion at the time.

At the beginning of 1988, the Japanese stock market was not affected by last year's stock market crash and was still hot. At this time, Watanabe & Co., after two years of preparation, began to go public. After evaluation by the four major accounting firms, Watanabe & Co. owned apartments, commercial buildings, land, Fixed assets such as shops, cinemas, hotels, and parking lots are 350 trillion yen, close to US$[-] billion. This is the latest valuation after years of accumulation and property appreciation. One of the largest national assets is related to global entertainment Tokyo Global Cinemas, a subsidiary of the Group, cooperates with Global Pictures; the second is Eden Japan near Osaka.

In addition to these Watanabe specialties, there are also shops and business complexes dotted all over Japan, a large number of rental apartment buildings in Tokyo, business buildings in central cities, a large number of express hotels renovated from old buildings, and parking lots. These properties are all It's a quality property.

Watanabe & Co.'s listing on the Tokyo Stock Exchange was mainly to repay debts. Like other real estate companies, Watanabe & Co. borrowed a large amount of loans at the beginning of its development, and now it has reached the point of repaying its debts.

Watanabe & Co.’s assets have reached US$350 billion, but its liabilities have reached US$200 billion. The debt ratio has reached 57%. However, this debt ratio is not too high from the perspective of real estate companies. Some real estate companies are even more powerful. However, with the rise of Japan The appreciation of real estate and the appreciation of the yen are not much; now all the money in the world is flowing to Japan.

The total share capital of Watanabe Co., Ltd. is set at 40 billion shares, priced at 20 yen per share, a premium of 10%, and 6000 billion shares are issued to raise [-] billion yen to repay debt and reduce debt pressure.

Watanabe & Co.’s creditors include Hong Kong Taiping Hang Lung Bank, Pacific Rim Group, Los Angeles Silicon Valley Bank, and Swiss EFG Bank. Watanabe & Co.’s main shareholders are Watanabe holding 35%, Mitsui Bank 12%, and local and overseas investment funds 53%.

Watanabe & Co.’s financing was quickly approved and listed on the Tokyo Main Board.

"You did a good job in this matter, but now you have to start selling a large number of properties, cash out, and then convert the cash into US dollars to repay debts. In addition to retaining properties in Tokyo, only those shops in other areas will be retained. , the business complex needs to be dismantled and sold, and all those commercial buildings should be sold." Li Bu's words clearly indicate that he is not optimistic about the future of Japanese real estate. This is the general trend.

Although Watanabe, Li Bu's cheap father-in-law, has found a young woman as his lover, he has not given birth to a son and a half daughters so far, so maybe it's not going to work anymore.

"I understand, my lord, but Mitsui Bank has some complaints about our financing and loan repayment."

"Let's explain this to them carefully. If it doesn't work, just buy their shares."

After discussing with Li Bu, Watanabe got busy and started arranging manpower to sell those properties, while he arranged for the listing.

When Watanabe & Co proposed to go public and was known by the leeks, it received enthusiastic support. This is a real estate company with assets reaching [-] trillion yen. Moreover, the current real estate market is still rising, so it naturally received enthusiastic response. Welcome, the subscription was more than fifty times, and through discussions with Nomura Securities and Pacific Rim, the underwriters of Watanabe & Co.'s stocks, the stock price was raised to [-] yen.

This price is very dangerous. Someone from Nomura Securities said, will this price break on the day of listing?

However, Watanabe seemed very confident, saying: "Just at this price, we have a lot of high-quality assets, which can fully support the stock price."

Why is he confident? His confidence comes from Li Bu. As for where does Li Bu's confidence come from?

Li Bu was a leek in his previous life, a real grievance. Didn’t Huaxia Big A have a price-to-earnings ratio of over 40 after the registration system? Isn’t that a lot?Isn't this operation of eating up all the later dividends exactly the same as the current situation in the Tokyo stock market?

The development of things exceeded Nomura Securities' expectations. The seventy-fold subscription made them stunned. The increase actually made the leeks more enthusiastic?

It turns out that Japan's real estate prices have risen again, and there is no way out. In Xiangjiang dialect, this is called riding a bull to go public.

Nomura Securities and Pacific Rim each had an underwriting quota of 800 million shares. They were listed and issued on March 8000. Nomura Securities' [-] million shares were all subscribed at [-] yen per share; as for Pacific Rim's [-] million shares, only [-] million shares were released, and the remaining [-] million shares were subscribed by themselves. As for whether Nomura Securities has done this, I don’t know, and I don’t want to know. This issuance of [-] billion yen, due to Pacific Rim (Tokyo) and Without any fee advantage, Nomura Securities had no choice but to pay it directly to Watanabe Co., Ltd.'s account. Then, before Watanabe Co., Ltd. could cover up the heat, the money flowed to Taiping in the name of repaying the loan. Hang Lung Bank's account.

Watanabe Co., Ltd. was popular on the first day it was listed. It rose by 20% at the opening, and then like a rocket, it immediately exceeded [-] yen. There were many people around Watanabe, and they saw Watanabe Co., Ltd. breaking through [-] yen. Yuan, everyone applauded, and some even cheered.

Li Bu was also among the crowd, watching as Watanabe Specialty Products' stock soared. At the close, it reached 420 yen, an increase of 177.75%, setting a new record for the number of listed stocks that day.

Peter, who was far away in New York, called and said with a smile: "Congratulations, boss!"

When Li Bu heard what he said, he replied: "Same joy!"

The two were like friends, chatting about the weather in New York and Tokyo, and then hung up.

Watanabe & Co. still performed well the next day and continued to perform well. Recently, real estate prices have continued to rise, driving the rise in real estate stocks.

Watanabe became the second richest man in Japan, with a net worth of US$159 billion. After Yoshiaki Tsutsumi, he was instantly famous.

Watanabe & Co. was listed on the market, and Watanabe became the second richest man in Japan. It made the whole world feel that Japan is really crazy, and attracted countless people to Tokyo to invest.

The next day, Watanabe & Co.'s closing price was 2001 yen per share, with a price-to-earnings ratio of 61. This price is very interesting, but one newspaper commented: "Japan is an island country with very little available land, and most of it is wasteland such as earthquakes, volcanoes, and mountains. , and the properties held by Watanabe Specialty Products are high-quality rental properties and large areas of residential land that have not been developed. Currently, Watanabe Specialty Products only has a price-earnings ratio of 61 times, while real estate prices have recently increased by 13%. In the future, real estate , will continue to rise, stock speculation is about speculation, Japan’s real estate will continue to rise, and the real estate stocks in the Tokyo stock market are limitless.”