Hong Kong's new giants

Chapter 93 [Official Land Auction]

In late August, New Era Real Estate successfully raised RMB 1.2 million through a rights issue, and immediately became famous.

At present, the company's total share capital is 38870 million shares, the stock price is 2.05 Hong Kong dollars, and the total market value is 7.96 million;
Lin Zuhui holds 13520 million shares, accounting for 34.8% of the shares, with a market value of 2.77 million.

But Lin Zuhui is worried. He has empty stocks but no cash, and his personal cash flow is only 1300 million.

In addition, he is still in debt of 5000 million yuan, of which 3000 million yuan is owed to Wang Qilin (1000 million yuan was borrowed for the speculation of Wheelock, 2000 million yuan was borrowed for the capital injection of New Era Real Estate), and 1000 million yuan was borrowed from the bank mortgage "GOOD" magazine (for the first supply shares), owed Fangjin 1000 million (700 million for capital injection, 300 million for film investment).

This is the consequence of the snake swallowing the whale. If there is an accident in New Era Real Estate, Lin Zuhui will almost be forced to marry the Wang family by debt.

Only 1300 million in cash in hand is definitely not enough, because Wanhui Publishing House needs to go public through a backdoor, and Lin Zuhui needs a sum of money to buy the shell.

The publishing house does have money in its account, but it’s actually a drop in the bucket, and the money has to wait until it’s listed, and then spend time to pay off debts; the film company’s box office can’t be counted on, and it will be released on September 9th. And that funding may also require debt repayments.

Soon, Lin Zuhui seemed to remember something, and took out a document from the drawer to study it.

After a while, he made another call.

"Manager Li, can you dictate to me the price trend of USD/JPY in the last week!"

"Okay, thank you!"

After the phone call, Lin Zuhui quickly made up the USD/JPY trend in recent days on paper, and then started to study it.

Soon, he sees an opportunity!
At the end of February, he used 2 million Hong Kong dollars to short-sell USD/JPY with 1100 times leverage. At that time, the average buying point was 50;

In other words, his market value has already reached 5500 million Hong Kong dollars, and he has made a big profit of more than 4000 million.

Of course, he will not take out this money, it is his confidence in his career next year.

The reason why Lin Zuhui said there was an opportunity was because he clearly remembered that at the end of 1985, the exchange rate of USD/JPY was around 200 points.

But now there are still a little more than 1985 months before the end of 4, and there is actually a 37-point drop during this period.

If he uses part of the stock as collateral and takes out a sum of money to continue shorting, he may be able to get a large sum of money at the end of the year.

He worked it out on paper:

The highest point of USD/JPY in recent decades is 262 points, which is an iron data, and it is impossible to change it because of tens of millions of funds.

At present, the USD/JPY point is 237 points. If the leverage is 10 times, if it suddenly rises to 260 points, he will liquidate his position; but obviously, that is impossible. In line with the market law of yen appreciation.

Think about it, in four months, it rose from 237 points to 260 points, and then fell to 200 points; with this trend, even the American consortium is difficult to do.

Yes, I can mortgage up to 3000 million shares of New Era Real Estate. If the loan rate is 4200% (New Era Real Estate stock value preservation), I can borrow 800 million; I can make up another 5000 million and use [-] million to short with ten times leverage. .

At the end of the year, with this sum of money alone, I may be able to obtain a net profit of 8000 million.

As for risk, zero risk!

(PS: At this time, the protagonist has not yet remembered that the 'Plaza Accord' will be signed in late September, but he remembered it later and added investment.)
No idiot crocodile would raise the USD/JPY to 5000 for the sake of 260 million yuan, and the price he would pay would probably be 5000 billion yuan.

And even if Lin Zuhui lost 5000 million funds, it would not be fatal; he also owns 1.05 million shares of New Times Real Estate, accounting for 27% of the total share capital; Wang Qilin holds 13% of the shares, and the two together account for 40%, which is absolutely safe.

Moreover, the bank mortgage will not sell the stock to others, as long as he guarantees that the stock price of New Era Real Estate will not fall, he can sell a part of it.

It's done!

Three days later, Lin Zuhui appeared in the foreign exchange department of HSBC.

Li Hongming warmly received him. This is really the God of Wealth. The initial investment of 1100 million has turned into more than 5000 million. If this spreads, Xiangjiang may praise this young man to the sky.

Lin Zuhui first confirmed the market price of USD/JPY, and found that it had risen by 1.2 points, and it is currently 238.2 points; the three-day loan period actually made him earn 1 point more.

After Lin Zuhui explained his reason for coming, Li Hongming was not as surprised as before. After all, the young man in front of him controls a listed real estate company with a market value of nearly [-] million, and a publishing house with an annual profit of tens of millions.

A deposit of 5000 million, 10 times leverage, is only 5 million Hong Kong dollars, and will not be deliberately attacked.

The next step is to go through the formalities. Lin Zuhui entrusts HSBC to buy short orders above 236 points.

Three days later, Lin Zuhui came to HSBC to get the delivery note, which was actually at an average price of 238 points, which made Lin Zuhui invincible.

Of course, this upward trend does not rule out that it will rise to more than 240 points. Lin Zuhui is not worried, his liquidation point is 261.5.

Friday, April 8.

Lin Zuhui and Liang Zhenxun drove to the island auction house. Today is the first official land auction in 1985. Naturally, New Era Real Estate did not want to miss it.

In April this year, the Hong Kong government launched the "Admiralty Land King" auction with the aim of invigorating Hong Kong's real estate industry; Crown auction.

This time, it is called the "first official land auction" of this year, because 19 pieces of official land were put up for auction.

The overall quality of official land is definitely better than that of land in the market, and the area is larger, so powerful real estate developers will not miss it; as for some small real estate developers, naturally they seldom participate.

Of course, New Era Real Estate is still a small real estate company, but Lin Zuhui insisted on participating, and specially prepared 7000 million yuan of funds, which is the rest of the 1.2 million yuan raised in late August.

In the car, Lin Zuhui exhorted: "The high-end residential land on this island is currently around 700 yuan per square foot. Today, any land with a size of 10 square feet is our goal. My strategy is, assuming that there are three plots of 3 yuan For land ranging from square feet to 7 square feet, I, a "foolish youth", will bid for the price. I will pretend to be a big tycoon, bid a high price for the first piece of land, and throw it to him while the other party is not paying attention. Then pretend to be a pity. In this way, we will have more room to turn around in the two lands behind. After all, although those real estate developers are rich, they may not compare their financial resources with a stunned young man like me. It was slaughtered by the auction!"

Liang Zhenxun nodded and said: "The boss is not a 'stunned young man', but he has increased the market value of New Era Real Estate by more than 10 times in only half a year. Such people must be arrogant in the eyes of outsiders. They will even It is possible to feel fearful because you think the boss is angry. I think this strategy is feasible!"

Although Lin Zuhui has just entered the real estate industry, he is also arrogant and wants to develop a medium-sized real estate to improve the morale and overall quality of the company.

A land of 10 square feet, calculated according to the plot ratio of 3.5 times (may be higher), is a floor area of ​​35 square feet; if the off-plan housing is sold in the second half of next year, the residential property on this island may be around 900 yuan per square foot. It can be sold 3.2 million.According to the two-year construction period, the land cost is 7000 million + the construction cost is 8000 million + the tax is 3000 million, and the annual profit is more than [-]%, which is relatively cost-effective.

The plot ratio can be increased, the selling price may also be increased, and the annual profit of [-]% is possible!

Of course, [-]% of the annual profit can be made. Anyway, the real estate company only needs to pay a land purchase fee, and the rest of the funds will be settled through bank loans and off-plan sales.

The important thing is that after developing such a property, New Era Real Estate is equivalent to stepping into a medium-sized real estate company.After all, with a floor area of ​​35 square feet, there can be a community of [-] to [-] houses.

Although New Era Real Estate only has 70 million working capital, there is no need to worry about not being able to pay the land payment worth 80 million. Banks are willing to borrow money. After all, after raising 1.2 million last time, the debt ratio of New Era Real Estate has been reduced a lot .

(End of this chapter)