Some media even concluded that the timing of every rights issue of New Era Real Estate is just right, which is related to its boss’s super financial ability.

New Era is expected to receive 1.1 billion in cash this month, of which 600 million will be withdrawn from industrial plants and blue chip stocks. In addition to 500 million reserved to prepare for the rights issue of Huazhi, the remaining 600 million will be used to purchase land and

Old building.

As a real estate developer, as long as you have land and old buildings in your hands, you can use their mortgage loans and then develop real estate. At this time, the land reserve of New Era Real Estate is worth 2.8 billion yuan, which can be said to be quite rich. This level

It is almost 30% of Sun Hung Kai and 40% of Henderson.

At the same time, New Era Real Estate also owns development properties worth 900 million, holds subsidiary shares worth 1.6 billion, rents properties worth 600 million, and futures contracts worth 100 million.

Asset value soared again, reaching 6 billion; liabilities were 1.7 billion, net assets were 4.3 billion, and market value was 5.5 billion.

The market value ranks eighth among real estate companies, surpassing Hang Lung Properties and Hysan Properties.

Of course, Hang Lung Properties also owns Taoda Real Estate, whose market value is almost 1.5 times that of Chinese Real Estate;

Moreover, the market value of New Era Real Estate is very high, estimated to exceed 20%.

.......

At the weekend, Chinese Land held another press conference. Gao Yi briefly announced the great achievements of Chinese Land at the press conference.

"Chinese Real Estate's profit this year is expected to exceed the 1 billion mark, of which the profit from securities and futures contracts is about 760 million, the net profit from Hong Kong and Macao development is 140 million, and the net profit from property rental is 100 million."

All the reporters looked at each other, another 1 billion?

The enthusiasm of the press conference was instantly aroused, and questions were raised one after another.

"Excuse me, Manager Gao, is your company's securities investment made by Chairman Lin?"

"All investments are made by the investment department of our company, and the chairman is also in this department! The main business of Huaren Real Estate is investment properties and securities. Our company's investment department has strong investment capabilities. This is why the company can

The fundamental reason for achieving such results in less than a year. Of course, the market has increased by more than 40% this year, which is also the reason why we can make profits."

"Excuse me, Manager Gao, does your company use high-leverage investment methods?"

"We did use leverage, but it was within a reasonable range! For example, the futures contract itself is five times leveraged, so I think this leverage is reasonable. Of course, it is normal for people to be concerned about whether there are risks. However,

Everyone knows that our company’s investment in the development of Hong Kong and Macao is a classic!”

"I would like to ask Manager Gao, has your company's futures contract been delivered, or is it the profit generated by the December futures contract?"

"We have already made some profits in September, and we have also made profits from our investment in December futures contracts."

...

On December 18, Chinese Real Estate raised funds through a rights issue: one rights issue for every five shares, raising a total of 550 million.

At the same time, the status of rights issue funds of Chinese Real Estate:

The company has 800 million in funds on its books (sales of blue-chip stocks and Hong Kong and Macau development, Bank of East Asia), raised 550 million through rights issues, and received 1 billion in special loans, totaling 2.35 billion in used funds.

Chinese Real Estate and New World Real Estate jointly purchased the property development rights of the "Twin Towers" on the Admiralty Metro Station - which was renamed Huazhi Center. The transaction capital was 1.88 billion; Chinese Real Estate accounted for 80% of the shares and required an expenditure of 1.504 billion, including tax of 1.58 billion.

Chinese Real Estate purchased Hongji Building from Cathay City for a transaction amount of 350 million, including tax of 368 million.

After the two transactions, Chinese Real Estate still had 400 million in cash on its books, a futures contract worth 350 million, and other properties and securities worth 1.5 billion.

At this time, the debt of Chinese Real Estate is approaching that of New Era Real Estate, reaching 1.6 billion, only 100 million behind.

The asset value of Chinese Real Estate is 4.2 billion, and the net assets are 2.6 billion.

His net worth has increased by more than four times compared to March this year!

...

The next day, Friday.

A consortium composed of Chinese Real Estate and New World Real Estate completed the contract with Sino Real Estate ahead of schedule and completed a property transaction worth RMB 1.88 billion.

After the signing was completed, both parties held a press conference to announce the details of the transaction.

Reporters at the press conference have dug out first-hand information. You must know that the New Era Real Estate Department has completed two transactions worth more than 1 billion in the past two months, which can be said to have blinded the eyes of people in the Hong Kong industry.

A reporter found fault and asked: "Manager Gao, as far as I know, the Huazhi Center will not be delivered until 1988. In other words, you need to pay about 160 million in interest every year, and the normal profit scale of Huazhi is probably about the same.

This is the number! Doesn’t it mean that the money earned by Chinese Real Estate every year is only enough to pay interest?”

Gao Yi joked: "I remember that a reporter used to question Huazhi's parent company and had the same problem. Facts have proved that New Era Real Estate's profit this year is said to exceed 1 billion. As for Chinese Real Estate, this year's profit is almost the same as that of New Era Real Estate

Real estate is on par. As for next year, we, Chinese Real Estate, are still a prosperous investment company and will not let investors down!"

It was so domineering. All the reporters were guessing that the person who created this miracle should only belong to the "philanthropic tycoon".

－－－－－－Digression－－－－－
Chapter completed!