Reborn as a tycoon in Hong Kong

Friday morning.

Bailong Commercial Club, meeting room.

Lin Baicheng, Iwasaki Mineryu, Claude Rockefeller, Abigail Johnson, Sato Motoki, and Mitsubishi Foundation representative Nakayama Yasuo, six people negotiated the general direction of Bailong Commercial Club's financing.

Boruto Sasaki sat as an observer.

As the de facto controller of Bailong Commercial Club, Lin Baicheng said: "The fact that everyone is sitting here today means that everyone has decided to participate in the company's subsequent financing. What we need to determine now is the company's approximate valuation. As well as the proportion of shares you want to invest. As for the more specific details, they will be discussed by the people below, and we only need to confirm the final result."

Iwasaki Mineryu, the company's second largest shareholder, took over and said: "Before financing, the company's shareholding ratio was 51% for Lin Jun and 49% for me. In this financing, we will take out 20% of the shares. After financing, Lin Jun There are 40.8% of the shares left, and I have 39.2% of the shares left. As for how many shares you want to get, you have to decide for yourself."

"Before that, it is better for us to determine the company's valuation first."

Lin Baicheng said: "I think some of you already know something about the company's situation. I won't go into too much detail here, just give a few general figures. In terms of investment in the company, Iwasaki-kun and I each invested in it." US$100 million, and the US$278 million left after the company’s investment profits, which means the company’s actual cash investment totaled US$478 million.”

"The company's operating method is to acquire land, build properties, rent or sell properties and real estate, collect funds to continue acquiring land, and then build and sell them."

"The company is engaged in the real estate industry. The current market is only in Tokyo. In the future, it will expand to Osaka and other regions, but it will basically be limited to Japan and will not expand to other countries."

"The company's current self-owned assets have increased in value as the real estate industry here in Japan has grown. Calculated based on the current real estate industry value, the company's net assets are US$640 million. The company's net assets have increased in value by a little more than 33% compared to when it was founded. .”

The one-third increase in the net asset value of Bailong Commercial Club does not mean that the related prices of Japan's real estate industry have increased by one-third during this period, because Bailong Commercial Club has bank loans, plus deferred payments to downstream industries. The company's capital is actually used to create wealth with a principal of eight to nine billion US dollars or even higher.

To put it simply, when the overall real estate price increases by 10%, the assets and profits of real estate companies may increase by 15%, 20% or 30%. The specific increase depends on the capabilities of each company.

Let's take the overall increase in real estate prices by 10% as an example. If a company with assets of only 100 million has the ability to borrow 1 billion, then this company can definitely create more profits than a company with assets of only 500 million.

"Although the company's profit in 1979 was only US$11 million, which is not a high number, the reason for this is related to the company's development strategy of being reluctant to sell and focusing on leasing. If the company changes to the immediate sale method, the company's annual profit will be It could easily reach $20 to 30 million.”

"Therefore, the company's valuation cannot be calculated by a simple method of ten times the price-earnings ratio of annual profits plus net assets. This calculation method cannot reflect the company's true valuation."

At this point, Lin Baicheng stopped and said no more.

"Then, how much do Lin Sang and Iwasaki Sang value Bailong Commercial Company?"

The person who asked was the representative of the Mitsubishi Consortium, Yasuo Nakayama. He really didn’t know much about the company’s valuation, and Iwasaki Mineryu didn’t tell him.

The reason is very simple. The Mitsubishi Consortium is the Mitsubishi Consortium. Iwasaki Mineryu's personal interests are not consistent with those of the Mitsubishi Consortium. After all, he holds nearly half of the company's shares. If the company's valuation is depressed, he will be the real loser.

Mineryu Iwasaki said: "Jun Lin and I valued the company at US$950 million. We think the company is worth this price."

Lin Baicheng and Iwasaki Mineryu secretly discussed the valuation of Bailong Commercial Company. Their bottom line is US$840 million. However, the external quotation must not be the lowest price in mind, but a price higher than the lowest price. Give investors room to bargain.

Of course, the price quoted cannot be too outrageous. For example, a quote of more than one billion US dollars is too outrageous. An overvaluation will only push investors away and is meaningless.

Zhongshan Yexiong was the first to speak out: "The valuation of US$950 million is too high. The company's net assets are only US$640 million, and the annual profit is only US$11 million. The valuation of US$950 million is too high. Don't mention the year. The profit is only US$11 million. Even if the annual profit is US$20 million, the valuation of US$950 million is too high.”

"I can't agree with the valuation of US$950 million."

Sato Motoki echoed. For him, of course, the lower the valuation, the better.

Although Claude Rockefeller and Abigail Johnson did not say anything out loud, they also did not agree to the offer of a valuation of US$950 million, which in itself illustrates their attitude.

Lin Baicheng immediately said: "Then please report the company valuation that each of you agrees with."

Claure Rockefeller, Abigail Johnson, Yasuo Nakayama, and Motoki Sato couldn't help but look at each other.

After a moment of silence, Nakayama Yexiong spoke up: "We at Mitsubishi are quite optimistic about the real estate industry, so we are willing to give a valuation that is in line with the actual situation of Bailong Commercial Club. US$820 million is already a very high valuation. ”

"This valuation is too low."

Both Lin Baicheng and Iwasaki Mineryu know that since Nakayama Yasuo has now quoted a valuation of US$820 million, it means that this price is definitely not the Mitsubishi Consortium's lowest price. No matter what, it should not be less than US$850 million. Between the two Above the lowest price of human psychology.

Zhongshan Yexiong did not reply or explain, but looked at the other three people.

"The Sato family approves of Mitsubishi's valuation offer."

Motoki Sato did not make an offer, but approved Mitsubishi's offer.

"We can accept this price."

Claure Rockefeller and Abigail Johnson later expressed their views.

Lin Baicheng shook his head and said: "The valuation of US$820 million is too low. The net assets of Bailong Commercial Club alone are US$640 million. Now the entire real estate industry in Japan is upward, and the company's annual profits will only increase." The higher.”

"That's true, but the valuation of US$950 million is unacceptable to Mitsubishi." Nakayama Yexiong retorted.

"The way I see it, everyone takes a step back."

Iwasaki Mineryu smiled and said: "The valuation of Bailong Commercial Co., Ltd. is no less than 850 million US dollars and no more than 900 million US dollars. The specific amount will be discussed by the people below. What do you think?"

If this can be done, Lin Baicheng and Iwasaki Mineryu will definitely accept it. After all, their base price is US$840 million, and the minimum valuation of US$850 million is already higher than their psychological base price.

Lin Baicheng said aloud: "It is no more than US$900 million. This valuation is definitely not high."

"I need to think about it."

Zhongshan Yexiong glanced at the other three people while speaking.

Claure Rockefeller pondered for a moment, but suddenly said: "I accept this valuation range and leave it to the people below to discuss the details." The highest price of this valuation range did not exceed his psychological bottom price. In this case, it still It's better to accept it quickly and leave a good impression on Lin Baicheng. Maybe he will be the first to think of him for any good projects in the future.

"That's okay with me too."

After Johnson Abigail glanced at Claure Rockefeller, he spoke out.

Seeing the two people's statements, before Sato Motoki could say anything, Nakayama Yexiong immediately said: "Mitsubishi has no problem either."

"The Sato family can also accept it."

Motoki Sato decided to go with the flow.

Upon seeing this, Lin Baicheng said: "Since everyone has no objections, the valuation has almost been decided. The specific price will be discussed by the people below."

Iwasaki Mineryu also said later: "As for how many shares you want to get out of the 20% shares that Lin Jun and I gave up, we will make a comprehensive decision based on the number of shares you want to get later to satisfy all parties." ."

Several people had no objections to this.

After the general direction is determined, this conversation ends here.

Negotiations by people below, whether it is the specific valuation of Bailong Commercial Club or the number of shares obtained by each of the investors, cannot be decided in a short time. It will take at least a few days, and a week or two or even a month longer. Possibly every month.

When leaving Bailong Commercial Club, Iwasaki Mineryu approached Lin Baicheng and said that he was inviting him to dinner alone in the evening and asked him if he had time.

Lin Baicheng said that he had time, and Iwasaki Mineryu hinted that he would not bring a female companion at that time. He would arrange a female companion to accompany him to eat and chat. Lin Baicheng did not know what he meant, and he did not refuse this arrangement.

night.

Lin Baicheng came to the appointment place and met Iwasaki Mineryu under the guidance of the waiter.

In addition to Iwasaki Mineryu, there are two women here, one is mature and charming, the other is pure and lovely.

"Jun Lin, you are here."

Iwasaki Mineryu, who was chatting with two beauties, immediately stood up and greeted Lin Baicheng when he saw them.

"Iwasaki-kun."

Lin Baicheng shook hands with Iwasaki Mineryu, and then looked at the two beauties walking towards them. Thinking about it, these two people should be celebrities, both are beautiful women, and the entertainment industry in any country is rich in beauties.

Iwasaki Mineryu said to the two women: "This is Mr. Lin I mentioned to you. Why don't you introduce yourselves?"

"Hello Lin Sang, my name is Rumiko Koyanagi. I'm glad to meet such a talented person like you!"

The older, mature young woman introduced herself first and winked at Lin Baicheng as she spoke.

"Nice to meet you Lin Sang, I am Okada Nana."

Another pure and lovely beauty also introduced herself aloud.

"Hello everyone, I'm glad to meet you too."

Lin Baicheng shook hands with the two of them and felt satisfied in his heart. For now, Iwasaki Mineryu's aesthetics were not much different from his, and the ones he introduced were all beautiful women.

"Lin Jun, as long as you are satisfied."

Iwasaki Mineryu was very happy to see this. He then said to the two girls: "Koyanagi-san, Okada-san, you must accompany Mr. Lin today and let Mr. Lin enjoy himself."

"yes!"

Nana Okada and Rumiko Koyanagi responded in unison. Before they agreed to come, they already knew what they were going to do, so of course they would not be repulsive or unhappy at this meeting.

"Iwasaki-kun, don't you choose one?"

Lin Baicheng looked at the two women and asked Iwasaki Mineryu directly.

Iwasakimine Ryū meant something: "I specially found them to accompany you, Mr. Lin. I hope you, Mr. Lin, can have a good time in Japan in the next few days."

"These days?"

Lin Baicheng nodded, somewhat understanding the meaning of Iwasaki Mineryu's words. As for whether it was exactly what he thought, he would just find time to ask Iwasaki Mineryu.

"Then I would like to thank you for your hospitality, Iwasaki-kun."

Lin Baicheng hugged two beauties on the left and right as he spoke. Of course he would not refuse the two beauties to accompany him.

"I should be the one thanking you, Mr. Lin!"

While they were talking, they each sat down at the small table. On the left and right sides of Lin Baicheng, Nana Okada and Rumiko Koyanagi sat kneeling.

"It was the right decision to choose to do business with Lin Jun. However, in just two years or so, the valuation of the company in which we each invested US$100 million has become more than US$800 million, not to mention Said that our principal has been recovered long ago.”

Iwasaki Mineryu knew that even if there was no intermediate investment profit from this cooperation, the two people's total capital of 200 million US dollars would become assets of 300 million US dollars two years later, with a valuation of about 400 million US dollars. The same It's a big profit.

Therefore, the profit-making cooperation between the two depends on Lin Baicheng's vision. Secretly, Iwasaki Mineryu is also proud of his own vision, because he took the initiative to seek cooperation with Lin Baicheng, and he has good vision and recognized Lin Baicheng's potential.

"The company can develop to this level thanks to your efforts, Iwasaki-kun. Otherwise, the company would only be able to make a small profit at most and not develop to the extent it is today. So Iwasaki-kun, you don't have to thank me so much. The company can be what it is today." The scale is due to your contribution.”

Lin Baicheng said it very sincerely. Bailong Commercial Association operates in the real estate industry, and the land loans were all due to the help of Iwasaki Mineryu. Otherwise, Bailong Commercial Association would not have been able to develop to the extent it is now. Even if Lin Baicheng chose the industry, he would not be able to do so. Too useful.

Iwasaki Mineryu was very impressed by what he heard, but he said politely: "Lin Jun, you are too polite. I can only play a supporting role, mainly because of your outstanding vision, Lin Jun."

Lin Baicheng laughed: "Iwasaki-kun, let's stop praising each other. We both have credit for the company's development to its current level. There is no need to worry about whose contribution is greater or smaller. I hope our cooperation can continue as before."

"that's for sure!"

Iwasaki Mineryu said immediately.

The two beauties next to them were greatly shocked when they listened to the conversation between the two people. Although they were not very clear about the current exchange rate between the US dollar and the Japanese yen, they knew that one US dollar was equivalent to at least two hundred yen.

In other words, more than 800 million U.S. dollars is equal to more than 160 billion yen. This is such a huge amount. The two women are very sure that this is a large amount that they will never earn in this life.

He is truly worthy of being a big shot of the Mitsubishi Consortium. It is unbelievable that the business he cooperated with a big shot like the richest man in Hong Kong is so big, worth more than 100 billion.