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Chapter 205~206 [When the barbarians knock on the door](1/2)

After the Spring Festival, Lin Zuhui quickly got into work. This year, 1987, is a critical year for him. As long as everything goes well, his financial situation will reach the level of the top ten plutocrats, or even the top plutocrats.

In this way, Lin Zuhui can consider developing overseas or inland next year in 1988. Not only that, as long as he completes his career this year, Lin Zuhui will have more time to enjoy life in the future.

Tuesday, the sixth day of February 3rd.

Lin Zuhui called Liang Zhenxun and Lu Donglai and said: "This Friday, Cathay City will raise funds for a rights issue, offering two shares for every five shares. You should hurry up and do it!"

There was no surprise for Liang Zhenxun and Lu Donglai. The boss had negotiated with various banks a year ago and borrowed a huge sum of 1.28 billion. The purchase price of the hotel required 1.58 billion, and the remaining 300 million was naturally raised from rights issues.

have to.

Cathay City originally had more than 300 million in liquidity, but last month it was triple-levered to buy 900 million worth of blue-chip stocks, and the buying point was pretty good. There happened to be a 2,450-point drop in mid-January, and another drop in the last week of January.

It rose to 2550 points.

"Okay, let's get ready right away!"

Lin Zuhui nodded and said to Liang Zhenxun: "After the 160 million rights issue of New Era Real Estate, there is still 1.1 billion remaining in the account, so we won't move for the time being!"

Last month, New Era Real Estate has purchased 600 million yuan of land and old buildings. This rights issue will require an expenditure of 160 million yuan. As for the remaining 1.1 billion yuan, Lin Zuhui plans to directly purchase land reserves from China Land.

Because he knows that Jardine Strategies will be listed this month and the restructuring of the Jardine Group will come to an end.

And the signal that Landmark intends to sell the property will also appear accordingly.

Instead of buying bit by bit in the market, it would be better to directly swallow Land's land bank worth more than 1 billion.

Liang Zhenxun reminded: "Boss, the properties outside are appreciating very quickly, and our funds are borrowed!"

What he means is that placing the loan there will not only generate interest, but also result in the purchase of land at a high price.

"I know!"

Lin Zuhui only needed to say three words, and Liang Zhenxun nodded seriously. He was just responsible for reminding, although it was not necessarily necessary.

After the two left, Lin Zuhui leaned back on the seat and relaxed.

Debt is not burdening him, that is his current state!

...

In early February 1987, Jardine Matheson announced the establishment of a new listed company, Jardine Matheson Strategy Yice, which would directly control the equity interests of Land, Dairy Farm International and Mandarin Oriental Hotel. Among them, Jardine Matheson Strategy held a 26% stake in Land.

Land originally held shares in Jardine Matheson, but it was now held by Jardine Matheson Strategy.

Jardine and Land are decoupled, ending the seven-year mutual control relationship.

Jardine Matheson and Jardine Matheson Strategy began to control each other. Jardine Matheson holds 19% of Jardine Matheson Strategy and Jardine Matheson Strategy holds 26%. The holding amount of the Keswick family, the largest shareholder of Jardine Matheson, is unknown and is estimated to be around 10%.

After the major reorganization of Jardine and Real Estate, Yice replaced the holding function of Jardine.

In this way, there are two lines of defense on the periphery of Jardine:

The outermost ones are Land, Milk International, and Mandarin Oriental

The second line of defense is the Jardine strategy.

In this way, the innermost Yihe becomes a city within a city.

The Keswick family has consolidated the home base of Jardine, which also means the weakening of its control over Land. As Land's two wings, Mandarin Oriental and Dairy Milk International, have established themselves, Land's strength has been greatly reduced.

The important thing is: Land is placed at the outermost position by Jardine Matheson. Market participants believe that this is a signal that the Keswick family intends to sell. Jardine is waiting for a price. The current market value of Land is 16 billion, and the net assets are more than 25 billion. Whoever chooses the higher

have to.

After Lin Zuhui heard that the reorganization of Jardine Land was completed, he did not plan to come to him immediately.

He probably remembered that the four major families only formally negotiated the acquisition of Land in September and proposed an acquisition of 17 yuan per share, 50% higher than the market price, with a total share capital of 2.45 billion shares, but it was quickly wiped out by the stock market crash.

Six months after the stock market crash, the full acquisition would have to be at the highest price in the past six months, so it was scheduled six months later. The four major families discussed the acquisition issue again. Obviously, they no longer had sincerity. After the stock market crash, they were only willing to pay 12 yuan per share.

Naturally, Land was unwilling to sell. Later, some people persuaded them not to drive away all British capital from Xiangjiang, which would not be conducive to the development of Xiangjiang, so the four major families gave up.

Since he knew that no one could acquire Land, Lin Zuhui could just buy the Land outright with a lot of money.

Royal House, Harcourt Building, land bank, Teligent Court luxury building, Causeway Bay World Trade Center, 4 shopping mall properties, Excelsior Shopping Mall, Newport Center Shopping Mall, Ocean Terminal, No. 9 Queen's Road, all of these properties will be sold, previous life

The cash amount was 13 billion. Later, only seven Grade-A commercial buildings in Central were left, and all properties outside Central were sold.

Therefore, as long as Lin Zuhui catches Land and keeps raking in the wool, wouldn't it be better to directly buy vacant land?

.......

Friday.

The Hang Seng Index closed at 2,680 points, and Cathay City successfully raised 320 million yuan.

At the same time, Lin Zuhui has purchased more than 80% of his 30,000 September index futures contracts and will be able to buy all of them next week.

Liang Zhenxun and Lu Donglai came to Lin Zuhui's office. One is a director of three companies, and the other is the general manager and director of Cathay City.

In fact, Lin Zuhui had already planned to transfer Lu Donglai back to the headquarters or Chinese Real Estate later, and Cathay City Hotel Management would become a world-class hotel management company. It would not only have its own hotel brands, but also acquire hotels and even hotel brands.

Therefore, the Western-style management structure that Cathay City Hotel Management will implement will naturally require the recruitment of world-class talents. Of course, not all Western management methods and structures will be implemented. As long as Chairman Lin Zuhui must have real power, whoever he wants to fire will be

Just get out of here.

Point guard here

But don’t worry, Cathay Pacific still has a certain amount of time to develop its city before it can take a global view.

"Next Thursday, we will formally sign a contract with the Liang family, and the funds must be received in time!" Lin Zuhui said to the two of them.

Lu Donglai quickly replied: "At present, the bank loans have arrived in Cathay Pacific's account, and the funds raised will basically arrive next Monday. I will definitely not miss it."

Lin Zuhui nodded. There is no need to worry too much about a mere 300 million in capital. New Era Real Estate and Chinese Real Estate both have over a billion in their accounts.

"According to regulations, once the major shareholder changes, it needs to be disclosed to the market! Therefore, once the market gets the news, the hotel's shares will skyrocket. Director Liang, I ask you to arrange for New Era Real Estate and Cathay City to quickly raise funds in the market

, increase our shareholding to 34. It must be a mere 3 million shares and 200 million funds should be able to win."

Liang Zhenxun said: "Boss, even if we don't rush to raise funds, the hotel's stock price will keep rising! The Kadoorie family is focused on making electricity and has drained all the funds into China Electric Power. I'm afraid they won't have the strength to absorb the shares. And we also

If you don’t really want to fully acquire the hotel, why spend the extra 200 million!”

Lin Zuhui waved his hand and said: "We are not short of the 200 million, and it is safer to control it at 34. Now we do not have the strength to fully acquire large hotels. Don't we still have the strength a year later? Don't forget, we two years ago

In the New Era Real Estate Department, there is only one listed company on the verge of liquidation with a market value of only 50 million."

Liang Zhenxun was shocked and said quickly: "What the boss said is that I am short-sighted!"

"It's okay. I am the only one in the whole company who can see how big the New Era Real Estate Department will be in the future!" pretended to be.

Lin Zuhui's longing face made Liang Zhenxun and Lu Donglai ashamed.

They thought that the control of 31 hotels this time was the limit of Cathay City. Little did they know that the boss saw further. Now it is like fighting a protracted war. If both parties do not have the strength to drive away the other party this year, then who will win in a year?

Will it be the winner?

Back then, the charter king tolerated it for a year and a half, but now they don't even consider the boss's earning power.

"Okay, don't take it to heart. Working with peace of mind is your greatest contribution to the company!"

After Lin Zuhui finished pretending, he encouraged his two subordinates.

"Yes, boss!"

In fact, Lin Zuhui's real purpose was to deny Kadoorie the opportunity to increase its shareholding before the stock market crash.

So as long as the price is high enough, the Kadoorie family will give up.

.......

.......

Thursday, February 12th.

It was the Lantern Festival, but Lin Zuhui had no intention of celebrating the festival. He was quite excited and signed an equity transfer agreement with Liang Zhonghao at the lawyer's office.

After signing, the lawyers and leaders of both parties confirmed that it was correct, and Cathay Pacific City presented a check of 1.58 billion.

"Thank you, Brother Liang, for making it happen!" Lin Zuhui happily extended his hand and said gratefully.

In any case, others sold their shares to Cathay City under pressure because they wanted to befriend Lin Zuhui. You know, historically, Liang Zhonghao was only willing to sell 20 million shares to Liu Luanxiong, while the other 11 million shares were sold to

Lai Sun's Lam Chien Man.

Liu Luanxiong doesn’t want to buy them all?

Of course he wanted to, otherwise he would not have been frantically scanning the market after the deal was concluded and increased his holdings to 26.

Liang Zhonghao said with a smile: "It's a pleasure to cooperate. Our original intention was to cash out. We are satisfied with the price you gave, and the deal was naturally concluded. But I really didn't expect that the share price of the hotel has risen to 48 yuan, but I am still very satisfied with the price."

satisfy!"

"Haha, when I buy a property, I hope both parties will be satisfied without overly fussing over it!"

Liang Zhonghao nodded. He felt that Lin Zuhui was not a good bargainer and his favorite properties showed on his face.

For example, Furama Hotel, many people say that Lin Zuhui is indeed expensive.

There are also the Huazhi Center Twin Towers. Some people say that Lin Zuhui bought them too expensive.

In short, everyone in Hong Kong knows that Lam Cho-fai really likes high-quality properties and buildings.
To be continued...
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