The liquidity can be used to drive. Therefore, we are bound to win Legu Real Estate!"

Legu Real Estate officially announced: It invites major companies to participate in the bidding for 43.25% of the equity in the hands of the major shareholder Cui Jia on April 25. The highest bidder will win.

The current market value of Lok Koo Real Estate is NT$620 million. It owns Lok Ku Building, Printing House, Lucky House in Central, Lok Kee House in North Point and other properties. Its property value is more than NT$1 billion, making it an unpopular company that has always been very profitable.

share.

The higher-ups are a little frightened, thinking that the boss should stop offering too high prices. Although it will soon become a par price, it is better to save a little!

Gao Yi said: "I have heard from multiple channels that Taoda Real Estate and Hysan Real Estate may be our biggest competitors this time. These two companies have always been very conservative, so we have greater hopes."

Taoda Real Estate is the real estate company of Hang Lung Properties. The Chen family of Hang Lung Properties has always been conservative.

Hysan Real Estate is a listed company of the Lee Family. Over the years, it has been acquiring old properties from the Lee family, the major shareholder, for demolition and reconstruction, and soon it has a large number of rental properties; because it always only acquires properties from the Lee family for reconstruction,

Therefore, it has always been labeled as 'conservative'.

A senior executive also quickly analyzed: "Legu Real Estate is a stock that has always been profitable, but is very unpopular. Our management gave its net assets a value of 850 million (asset value minus liabilities, that is, Legu Real Estate's debt of 150 million

), so for the 43.25% shares held by the Cui family, other real estate developers should give them a maximum of 380 million (a premium of a little more than 10%)."

Lin Zuhui listened carefully to everyone's analysis, and finally nodded and said: "Okay, I understand, let's wait for my final price to come out!"

Of course, these senior executives only have the right to analyze and make suggestions, and the price must be determined by Lin Zuhui himself.

Once Lin Zuhui took a fancy to it, he naturally hoped that he would win 100%, so he had actually given a high price of 410 million!

Because he knows that there is still a 40% increase in real estate this year, so why don’t he spend more? Anyway, he will make money this year!

The three buildings of Lucky Real Estate are located in Central and one building is located in North Point. Although they are all small buildings (covering an area of ​​less than 15,000 square feet), if the surrounding buildings are successfully merged, the reconstruction will be profitable.

The entire privatization of Legu Real Estate requires about 1 billion in funds (including the purchase of the majority shareholder's equity). Chinese Real Estate still has 800 million in liquidity left on its books (after the issuance of new shares). Lin Zuhui is not in a hurry to decide on investment projects and directions.

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Chapter completed!