"Tian Tian Daily" published a huge piece of news:

Liang Zhenxun, executive director of New Era Real Estate, said in an interview that New Era Real Estate's non-recurring profits in 1986 are expected to be around 600 million yuan. It is also predicted that New Era Real Estate's full-year profit in 1986 may be as high as 1 billion yuan, ranking among the world's top real estate developers.

One of the five most profitable real estate developers in Hong Kong. The non-recurring arrival of real estate in the new era comes from: foreign exchange, futures contracts, property speculation, investment in blue chip stocks and many other investments.

For a time, the industry was shocked.

New Era Real Estate was taken over by Lin Zuhui less than two years ago. Its predecessor was a real estate company on the verge of liquidation. Now its annual profit can rank among the top five real estate developers. It is simply incredible.

On that day, New Era Real Estate raised its price by 8%, and its market value once approached 5 billion.

...

Two flowers bloom, one on each side.

Lin Zuhui and Zheng Yutong went to Sino Real Estate together, and they sat in the car and chatted.

When Zheng Yutong met, he asked: "New Era Real Estate's extraordinary profit this year is really 600 million?"

He is an important shareholder of New Era Real Estate and naturally cares about its interests.

Lin Zuhui said confidently: "It's just more, it's true! How about Uncle Tong just come to the company as a director?"

New Era Real Estate has many paid directors, including retired officials from the political field, senior businessmen, and heads of international organizations stationed in Hong Kong.

This is a kind of celebrity benefit. Lin Zuhui likes their connections, and these people can also get a salary from New Era Real Estate.

Zheng Yutong holds 3% of the shares of New Era Real Estate, and Lin Zuhui also invited him to serve as a director. However, he wanted to withdraw from the business world and help his son get started, so he did not agree at first.

But this time, Zheng Yutong agreed. The reason is very simple. He is now really optimistic about New Era Real Estate. Although he was optimistic about it before, he still had fellow countrymen to consider.

"Okay, I'll take this directorship! It seems I made a lot of money from that investment, haha!"

Lin Zuhui nodded and said: "Uncle Tong, when I go to Sino Real Estate this time, I want to settle on the Twin Towers! 1.88 billion is 1.88 billion. This investment is very worthwhile!"

Zheng Yutong said without hesitation: "You are taking the lead this time, you have the final say! If I hadn't considered your Huazhi's funding problem, I would have made the decision as early as November!"

The Twin Towers were the Benda Center in the previous life, and later called the Lippo Center. In the previous life, the Australian-funded Benda Group bought it for 1.9 billion in 1987. The Twin Towers have not yet been completed and are expected to be put into use in 1988.

The Twin Towers are located on the Admiralty MTR Station. They are composed of two buildings with 42 and 46 floors respectively. The geometric shape of the exterior is very unique, consisting of raised square sculptures of different sizes. The glass curtain walls are designed in dark colors.

The bottom of the building is connected to a spacious square and passage. The entire building is unique and is considered to be the product of the second generation of modernism in American architectural schools.

The land for this building was auctioned in 1984, and Sino Real Estate, together with Everbright Real Estate, Nanyang Consortium, and Japanese consortium, got a good deal. It is said that the land price was only less than 400 million.

Before the Sino-British negotiations, the land compensation fee for this piece of land was as high as 1.9 billion.

Sino Real Estate has currently quoted a price of 1.88 billion, selling 90% of the equity, and the remaining 10% of the equity has been taken by Sino Real Estate.

Lin Zuhui and Zheng Yutong came to Sino Real Estate, and Huang Tingfang and his son received them.

Sino Properties is a big real estate friend in Hong Kong. In the mid-to-late 1970s, Sino Properties acquired nearly half of the rights to the reclamation land in East Tsim Sha Tsui, almost 900,000 square feet. Sino Properties developed these lands into: Tsim Sha Tsui Center,

Empire Center, Hershey Center, Wing On Plaza, Nanyang Center, Tsim Sha Tsui Plaza, etc.

If Wharf dominates Tsim Sha Tsui, Landmark dominates Central, Hysan dominates Causeway Bay, Sino leads the way in East Tsim Sha Tsui.

However, compared with established real estate groups such as Sino Land, Wharf, and Hysan, there are two obvious differences in the investment strategies of Sino Properties:

First, Sino Real Estate focuses on real estate development, supplemented by real estate investment; therefore, except for Tsim Sha Tsui Center, Empire Center and Happiness Center, the rest are launched for sale. At that time, the Tsim Sha Tsui East properties launched by Sino were very popular in the market, and Wing On

The square even set a record of being sold out that day.

Second, Sino Properties often develops real estate properties in cooperation with the private investment company of the major shareholder, the Wong family. For example, the Wong family accounts for 55% of the interests in Tsim Sha Tsui Centre.

After the two parties sat down, Huang Tingfang said: "At the auction, Lin Sheng and I didn't know each other before. I didn't expect to cooperate so quickly."

Lin Zuhui said with a smile: "At the auction that year, New Era Real Estate was short of funds, so I did use some tricks to make Huang Sheng laugh!"

It cost the Huangs and his son nearly 10 million more in the first place, but this time they bought the building and almost made their money back several times.

In the previous life, the Twin Towers were sold for 1.9 billion in 1987. In this life, they were sold for 1.88 billion in November 1986 (discussed in November). Obviously, the Huang family has also taken advantage of Lin Zuhui, a big dog.

Of course, there are also reasons why real estate is booming now. If you don’t buy it at a premium, it may not be attractive enough.

But what is certain is that the Twin Towers will definitely be sold, because there are four consortiums, and if it is rented out, the other three will definitely not agree.

Moreover, Sino Real Estate lost RMB 1 billion from 1982 to 1984 and was almost bankrupt; therefore, it is unlikely to hold such an expensive property.

"There, there, I think that's a smart move!"

Zheng Yutong said to Huang Tingfang: "We have agreed to a price transaction of 1.88 billion. This investment by Sino Real Estate is very cost-effective!"

Huang Tingfang said modestly: "If Brother Zheng hadn't given in, we wouldn't have been able to get this project!"

Zheng Yutong shook his head and said: "Although we had an unpleasant quarrel with the subway company at the beginning, I focused more on the Convention and Exhibition Center. My brother has a good vision. The Twin Towers can make a lot of profits; by the way, China Hong Kong City

You should be preparing to collect rent, right?"

The China Hong Kong City land was jointly acquired by Sino Real Estate and the Huang family in 1985 for a price of 390 million. Sino Real Estate built a "city within a city" with modern equipment, Huaxia Passenger Terminal - China Hong Kong City. This investment is also very commendable.

.

"My brother praised it. The New World Convention and Exhibition Center is a big investment and a big project. From now on, China Hong Kong City will be used to collect rent and will not be sold."

Listening to these big guys talking about big projects, Lin Zuhui felt excited. Fortunately, his new era real estate department was about to take off. Recently, he was getting a lot of blood every day, and he was full of energy.

Soon, we entered the formal topic.

Lin Zuhui said: "We don't think there is a problem with the price of 1.88 billion! We just want to pay the delivery in three months, and we will pay the interest generated during the period as usual."

Huang Tingfang said cheerfully: "Of course there is no problem! Speaking of which, the construction period of the Twin Towers is still nearly a year away!"

Lin Zuhui nodded, he was in no hurry to use it!

But he has already thought of the name for the twin towers, which is ‘Huazhi Center’. Huazhi is originally the abbreviation of ‘Chinese Real Estate’, and Lin Zuhui quite likes this name.

Soon, the two parties reached an agreement and agreed to sign a formal contract at the law firm on the 22nd of this month.

The reason why the signing is set 20 days later is because Chinese Real Estate also has to raise funds for the first payment.

...

Returning to Chinese Real Estate, Lin Zuhui convened a group of senior executives and began to arrange to raise funds and market value. Liang Zhenxun also attended the party. He is a director of three companies and has the most things to do.

Lin Zuhui said:

"We chose to cash out all of the first cash-out funds, Hong Kong and Macau Development's shares, without leaving any one share. We can make a profit of 50 million to 60 million."

"The second tranche of cash-out funds, leveraged blue-chip stocks, has also begun to be sold. It is expected to make a profit of 400 million and withdraw funds of 600 million."

"These two funds will be cashed out within these two weeks!"

Gao Yi said: "Well, at the end of October, we made 80 million on Bank of East Asia stocks, and now we have 150 million in cash. In other words, we can collect 800 million in cash flow before the 25th!"

Liang Zhenxun added: "You need to pay Cathay City a fee of 350 million to purchase Hongji Building!"

Chinese Real Estate also invested in 7,500 December index futures contracts, with a cost price of only 2,000 points. This profit is expected to withdraw 330 million yuan in early January next year.

However, I can’t count on it in December!

So Lin Zuhui said: "I will convince the bank to provide 1 billion in debt for our acquisition of the Twin Towers. This is not difficult!"

Everyone nodded, it was true, this property was worth 1.9 billion, and the bank was willing to lend it 1.2 billion.

Then, Lin Zuhui said: "Once the cash-out of blue-chip stocks is completed, news can be released in the market to stimulate the company's stock price. At the end of the year, we need to complete a rights issue to raise funds. Including futures contracts, our Chinese Real Estate also made 1 billion this year. This is

A very impressive number, enough to make our market value soar to 2.8 billion (currently 2.2 billion)."

Gao Yi nodded and said: "I will hold a press conference then!"

At this time, Liang Zhenxun said: "Boss, are there any acquisition targets?"

A group of high-level executives paid attention, and they were also thinking that Chinese Real Estate had raised a lot of funds, and the boss seemed to be planning to raise funds through a large rights issue, which showed that he was not satisfied with the acquisition of the Twin Towers.

Lin Zuhui nodded and said: "Let's take a look at the fund-raising situation through the rights issue first!"

But he didn't say that he wanted to buy two Landmark buildings. After all, everything was still unknown.

Step by step, the three companies in the New Era Real Estate Department, New Era Real Estate, Chinese Real Estate, and Cathay City, are equivalent to a joint operation.

Soon the industry and investors in Hong Kong will sigh - Superman Lin is here!

...

Since Wednesday, Lin Zuhui has been visiting banks. Chinese Real Estate needs to borrow 1 billion to purchase the Twin Towers. Such a huge loan naturally requires a combination of loans from several banks.

Lin Zuhui also personally needs a loan of 250 million to raise funds through a rights issue, using stock pledges.

At this time, he had already increased his personal holdings to 45% by investing in blue chip stocks in June.

Therefore, if New Era Real Estate raises 500 million this time, it will need a rights issue of 225 million!

Of course, the 225 million rights issue fund is nothing. Lin Zuhui will be able to withdraw more than 900 million from the futures contract in January next year.

.......

A week passed in the blink of an eye.

Tuesday, December 9th.

New Era Real Estate successfully completed the rights issue and raised 500 million yuan, which also caused a considerable impact in the industry.

Many media have commented on the usual tactics in the new era: releasing good news before raising funds through rights issues, and then absorbing a large proportion of funds, acting quickly and ruthlessly.
To be continued...