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Chapter 395 [Hengchang Enterprise](1/2)

Monday, June 11th.

Lin Zuhui came to Huazhi Center. Now he goes abroad for ten and a half months at a time. Several of his major companies have adapted to this situation, and there will no longer be a situation where there is no leader.

As long as he lives in the world, his companies will not be in trouble, which confirms the words of Konosuke Matsushita, the god of management - when the scale of business is large, a spirit is needed to rule the company.

Undoubtedly, Lin Zuhui has become the spiritual pillar of tens of thousands of people in his companies.

In the office, Lin Zuhui read the newspaper as usual, and a piece of news surprised him: Cheung Kong Group announced that the net assets of the Cheung Kong Group reached HK$110 billion. (In the same period in the previous life, it was 120 billion)

Lin Zuhui read the news carefully and couldn't help but sigh: "Is it still so far behind Li Huagua?"

However, Lin Zuhui quickly came to his senses. Although the Changshi Group controlled by Li Chaoren has a net asset of 110 billion, his actual equity is not high. This is because he only controls 39% of the equity of Changshi, and Changshi has

It controls 45% of Hutchison Whampoa, which in turn controls 35% of Hong Kong Electric and Jiahong.

Holding the shares layer by layer, using the small to control the big.

Li Chaoren's personal wealth is not as high as imagined, and certainly not as low as reported in the newspaper.

On the other hand, Lin Zuhui's New Era Group has a net worth of 55 billion. Recently, its stock price has soared to nearly 38 billion, surpassing all real estate companies. And his own worth has naturally skyrocketed again.

The market value of New Era Group has skyrocketed. The reason is very simple. Most of the real estate properties have returned to the level before the collapse; and the properties purchased by New Era Group at the bottom have generated a large amount of profit value.

Lin Zuhui directly controls 49% of New Era Group, and his book wealth has exceeded that of Li Chaoren.

Soon, Asia Television, Ming Pao Group, and Giordano will all be listed in June and July, and the number of listed companies controlled by Lin Zuhui will increase again. However, Lin Zuhui will basically not go privatized again.

Lin Zuhui knocked on the table and thought about the development of New Era Group. He still felt that New Era Group was developing too slowly and needed a more radical development approach.

Anyway, if you understand the general trend, you can avoid disasters, so why be too steady!

"Yes, why did I forget He Shanheng's Hengchang Enterprise!" Lin Zuhui looked slightly excited and said to himself.

He started too late and should cherish every hard-won opportunity. If he misses high-quality enterprises and assets, he will never surpass Li Chaoren's influence.

After all, if he is just "secretly shooting" in finance, although his wealth is high, his influence is not enough. Without influence (including the number of employees employed, regional economic influence, political connections, etc.), his wealth will be

It may become a case of "child holding on to gold to get through the bustling city".

Lin Zuhui stood up from his office, came to the center of the spacious office, and started pacing.

Acquiring Hengchang Enterprises requires good planning.

Hengchang Enterprise is an unlisted company with an annual turnover of 10 billion and a net profit of more than 1 billion. The main equity is concentrated in the hands of He Shanheng, Liang Qiuju, Lin Bingyan family, He Tian and others, and there are hundreds of small shareholders (accounting for the majority of the shares).

few).

As far as Lin Zuhui knows, after the "Iraq invasion of Kuwait" broke out in August in his previous life, Lin Xiufeng (Lin Bingyan's family), Zheng Yutong, and Xu Zhantang formed a group to initiate an acquisition, but were ultimately rejected because the bid was too low. Later, the consortium formed by CEFC

Make up for it and finally achieve the goal.

Therefore, he must get it done in August, otherwise it will be an errand that offends people.

When acquiring Hengchang Enterprise, he was determined to gain not only a large trading company, but also a talented person - Yuan Tianfan.

Yuan Tianfan only has more than half a year left in his term as chairman of the Stock Exchange. He has no position yet on where to go.

Li Chaoren has many talents, but he may not be willing to give in.

If he were the president of Hengchang Enterprise, he would be attracted by no means!

"I'm sorry, everyone!" A smile appeared on Lin Zuhui's lips.

The key to acquiring Hengchang Enterprises is to bid high!

Of course, you can't bid too high, otherwise it won't be a good deal.

So, he needs a helper.

"Dong dong" the knock on the door sounded.

Liang Zhenxun came to Lin Zuhui's office and said respectfully: "Boss!"

"Well, sit down first!"

After sitting down, Li Ke poured tea, and Liang Zhenxun began to report his work seriously.

All aspects were within Lin Zuhui's expectations. After all, Lin Zuhui's brain had already planned a route for New Era Group.

After reporting on the work, Lin Zuhui said: "Next, you prepare a rights issue to raise funds, and try to complete it this month. Ten shares are entitled to one share, and the conservative rights issue will raise 3.8 billion!"

Liang Zhenxun was a little surprised. New Era Group has sufficient cash, with more than 2 billion. The debt ratio is not high, with 12 billion in debt, and the debt ratio is just over 20%.

"New Era Group is now highly respected. Investors praise you, boss, as the best chairman in Hong Kong. The stock is expected to skyrocket!"

This is true. As Lin Zuhui develops New Era Group's retail, communications, port and other businesses, all investors have seen a new Cheung Kong system, that is, the integrated enterprise of Cheung Kong Group and Hutchison Whampoa.

The important thing is that New Era Group has made big financial gains every year, and the name of Lin Zuhui, the "stock god", has also spread.

Therefore, according to the current upward trend, it is possible that the market value of New Era Group will rise to 45 billion before August.

"Then seize the time to prepare and take advantage of this market trend to raise a lot of funds. I will still issue a full rights issue!" Lin Zuhui said.

As long as he pays the full rights issue, it is equivalent to settling half of the rights issue, and the pressure will be greatly reduced.

afternoon.

Liang Botao came to his office, and Lin Zuhui drank tea with him on the sofa.

"I heard that you are very popular in the UK, no less than a Hollywood star!" Liang Botao said with a smile. Of course he knew the reason for this popularity. Wealth is an important reason, and the other reason is that he is too legendary - 25

He started from scratch and became the second richest man in China.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! Lin Zuhui joked to himself: "They didn't give me any preferential treatment. It shows that the British just like my money!"

Liang Botao smiled, he saw very clearly that the economy in Europe and the United States has been poor in the past two years, so he naturally hopes that Chinese people will invest there.

Closer to home, Lin Zuhui said: "I want to acquire Hengchang Enterprises!"

Liang Botao was shocked and thought for a moment and said: "To acquire Hengchang Enterprise, it is best if He Shanheng is interested in putting it on the market. Although he only holds 30% of the shares, he has high prestige in Hong Kong and has many people who support him."

He Shanheng is 90 years old this year and is still the chairman of the board of directors of Hengchang Enterprises. He became famous very early. In the late 1940s, He Shanheng was the big banker in gold speculation in Hong Kong. Later, he founded Hang Seng Bank with Lin Bingyan, He Tian and others.

He Shanheng has supported many people, and he can be said to be Zheng Yutong's benefactor. Lee Shau Kee was also supported by Hang Seng Bank, and his connections are naturally vast.

Lin Zuhui also knew that He Shanheng was interested in selling. After last year's plunge, Hong Kong's trade was affected, and Hengchang Enterprise was mainly engaged in automobile, grain and oil trade. Especially if the "Iraq invasion of Kuwait" incident broke out, Hengchang Enterprise would need to consider the rise in oil prices.

, the possibility of the car not being sold.

Lin Zuhui said: "It is naturally a good-faith acquisition, and it is not a listed company, so the operation is not very difficult. He Shanheng cannot be offended, so I called you here to collect information first, and then we will discuss the specific acquisition plan."

Liang Botao nodded and said: "I will prepare the information for you right away!"

Three days later.

Lin Zuhui obtained the information collected by Liang Botao, who is worthy of being the most famous investment banker in Hong Kong. In fact, if there is an important shareholder of any company on the market who intends to place an offer, the first people to know are usually securities companies and investment bankers. These financial institutions

The company not only knows what is going on in Xiangjiang, but is also very well-informed about overseas news.

Although Hengjin Investment is also a financial company, because it is a private company, it basically does not have many partners, so it is still far less well-informed than companies like Sun Hung Kai and Peregrine.

Lin Zuhui's eyes became hot when he saw the information about 'Hengchang Enterprise'.

[In 1946, He Shanheng, Liang Qiuju, He Tian, ​​Lin Bingyan and others established Dah Chong Trading House, the predecessor of Hengchang Enterprises. Dah Chong Hong mainly acts as an agent for rice and peanut oil. After decades of development, Dah Chong Hong has become a large-scale trading company in Hong Kong.

Comprehensive trading company.

Hengchang Enterprise is the holding company of Dachang. Neither Hengchang nor Dachang is listed, but their scale and profitability are by no means inferior to those of blue-chip companies.

In addition to the traditional grain and oil trade, Dachang also acts as an agent for Shiseido cosmetics; it acts as an agent for several brands of home appliances and audio such as Golden Throat, Sapphire, Jinzhang, Fuji, and Teac First Audio; it also distributes ceramic tiles, marble, cement, hardware, sanitary ware, kitchenware, etc.

Cabinets and other building materials; agent for Honda, Nissan, Dabaoli, Isuzu and other Nissan brand-name cars; own Taiping Advertising, Shiya Tailor, Dachang Warehouse, Dachang Truck Fleet, Dachang Automobile Service (Maintenance) Center, Lishi Automotive Engineering, etc.

Subsidiary company.

Dah Chong Trading is the most eye-catching car trade. It owns 7 car dealerships, accounting for about 40% of Hong Kong's car sales. Dah Chong also owns a number of properties, including the Heng Cheong Building in Queen's Road Central in Central, which is worth more than 9

billion. In 1989, Dah Chong Hong's turnover reached HK$10.01 billion and net profit was HK$1.022 billion. Compared with the profits of the 35 Hang Seng Index constituent stocks (blue chip stocks) in the same year, Dah Chong Hong ranked 20th, second only to New World, which ranked 19th.

Development (HK$1.18 billion).

If Dachang or Hengchang were listed, their market capitalization and profits would be among the top 20 listed companies, making them blue-chip stocks.]

[The major shareholder of Hengchang is the founder of Hengchang. According to market estimates, the equity they control directly and indirectly is: He Shanheng 30%, Liang Qiuju 25%, Lin Bingyan’s family 20%, and He Tian 15%.

In addition, Li Guowei holds nearly 1%. There are 500 small shareholders. They are all ceded by the company's main power holders to relatives, friends and colleagues, with the nature of "gifts". Hengchang Enterprise controls Dah Chong Hong, and Hengchang Enterprise has 2,100

10,000 shares (unlisted).]

In the office.

Lin Zuhui said to Liang Botao: "It's a pity that I don't know how much cash flow is on the accounts of Hengchang Enterprise?"

With no debt and such a high annual net profit, there must be more than 1 billion in cash in the account. This is Lin Zuhui's guess. Because the shares do not belong to one person, and dividends must be paid in a formal manner, it is impossible not to leave cash in the account.

Liang Botao said: "There is no way to know the cash on the account, but I know that Hengchang Enterprises owns some shares of Hang Seng Bank. HSBC has always been interested in weakening the shareholder holdings of Hang Seng Bank veterans. I believe HSBC knows that we are acquiring Hengchang Enterprises.

, they will definitely be happy to lend us money.”

Lin Zuhui nodded. Hang Seng Bank was the biggest rival of HSBC back then. However, it encountered a bank run and HSBC took 51% of the shares. Of course, it was considered a goodwill acquisition. It only sent four directors and did not interfere with the management of Hang Seng Bank.

However, later, in order to prevent the Hang Seng veteran from regaining the shares, HSBC increased its stake to 61%, causing a rift between the two parties.

Although HSBC controls 61%, it still wants to weaken the equity of the Hang Seng veteran, who is also a shareholder after all.
To be continued...
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