Hong Kong's new giants

Chapter 687 [Jump out of Hong Kong Island circle]

In Hong Kong in March, two pieces of news had the greatest impact:
First, New Era Group released its annual performance report and announced its dividend plan.In 1999, New Era Group obtained a net profit of 1650 billion, an increase of 1998% compared with 120; at the same time, New Era Group announced that "a dividend of 2.05 Hong Kong dollars per share will be distributed, involving a capital of 168 billion Hong Kong dollars."

Second, Wanhui Media Group and ATV Group, two large listed companies, formally merged, and the merged company was renamed "Media Group", with a total market value of more than 2500 billion.

The two news not only set off an upsurge of public opinion in Hong Kong, but even overseas media reported and reproduced it one after another.

Especially when the citizens of Xiangjiang discuss these things, they are even more intense:
"My God, the annual profit is 1650 billion. Mr. Lin Zuhui will really help shareholders make money."

"Who says it's not? In the past three years, New Times Group has become one of the most profitable companies in the world. I have to say that Mr. Lin Zuhui is the stock god."

"The normal net profit of New Era Group is only about 400 billion yuan, and the rest of the net profit is almost all from securities investment and asset cash-out."

"In fact, New Times Group has always been stingy in dividends. The reason why it is so popular among investors is that its stock price has been rising. If you invested in New Times Group 15 years ago, the appreciation will be thousands of times now. response rate."

Hong Kong citizens generally believe that it is the glory of everyone in Hong Kong to have New Times Group, Media Group, Octopus Financial Group, LEIT Group, and Xiaomi Technology.

For a while, Lin Zuhui's position was naturally consolidated again, and no one could shake it.

end of June.

New Era Group headquarters.

Lin Zuhui is leisurely in the office. Now he feels more and more like the "mascot" and "spiritual pillar" of the company. Even if he sits in the office without doing anything, the enterprises under him can flourish.

Take New Era Group as an example.

In terms of funds: New Times Group has a cash flow of about 1500 billion Hong Kong dollars lying on its account. At the same time, it also holds Vodafone (after the merger with Mannesmann) worth about 500 billion shares (cashing out). billions of regular profits.In other words, in the remaining nine months, New Era Group's cash flow will be 400 billion yuan, and the debt will be 2400 billion yuan.Of course, the new era will continue to increase investment in the follow-up, and invest in good assets as much as possible.

In terms of assets: shipping and real estate will explode in 2003, the long-term stable income of the hotel industry will be above 6%, the telecommunications industry will also have good opportunities for development, and beverages and food have ushered in a long-term high-growth trend
For example, Lin Zuhui has already wound up the clockwork for New Era Group, and then he can move forward by himself if he lets go.

Of course, without Lin Zuhui, the '08 financial crisis' may not have escaped these enterprises. Although the impact will not be great (low debt ratio), they will suffer a lot of losses, such as reducing the weight of ships and cashing out of real estate.

at the same time.

Lin Zuhui also felt some pressure, that is, there was too much money, and it was difficult to find suitable investment projects.

Don't mention his companies, let's take his personal funds as an example.

At present, he has 3500 billion Hong Kong dollars in funds, which is the situation after he spent 500 billion to buy gold spot.

He will take out another 500 billion funds and continue to buy gold spot;

The 1000 billion remaining in the United States will also buy back Microsoft, Oracle, and some high-quality stocks around 2002.

There is still 2000 billion Hong Kong dollars left, and there is absolutely no place to invest. It can only be stored in accounts in Hong Kong and Switzerland.

after.

Lin Zuhui arranged it like this:
Hengjin Investment specializes in investing in U.S. stocks of information technology, such as Internet and technology stocks such as Microsoft, Oracle, Nvidia, and Qualcomm. The shareholding of each stock is controlled at 2%, and it is done well in offshore and decentralized processing. Lin Zuhui hides wealth.

The family office specializes in investing in traditional U.S. stocks and Heung Kong blue-chip stocks, such as UnitedHealth, Johnson & Johnson, Wal-Mart, Procter & Gamble, Coca-Cola, etc. The holdings of these U.S. stocks will not exceed 3%; because there are a large number of dividends every year, there is no need to worry about operations funds, and welfare expenditures for family members.

Jingwei Capital, a venture capital company, currently holds stocks such as Apple, Amazon, Penguin, and Ali. It will no longer continue to invest in venture capital, maintain the status quo, and hand over the remaining opportunities to Lin Zuhui's companies.

Barings Bank, which specializes in investment banking, currently holds 16% of Hilton Hotel Group, Gucci, 5% of San Miguel Group (Philippines), and 110% of Samsung Electronics.During last year's oil surge (18%), it has made a profit of 30 billion U.S. dollars. At present, Barings Bank can be said to have sufficient cash flow (about [-] billion U.S. dollars) and strong assets.

"Boss, it's time to go to the Telecom Building for a meeting!" Assistant Li Ke knocked on the door and walked into the office, reminding Lin Zuhui.

"Well, where's President Yuan?" Lin Zuhui asked as he got up.

In the headquarters of New Era Group, there are three carriages, namely President Chen Bin, Vice President Liang Zhenxun, and Vice President Yuan Tianfan.

Chen Bin is in charge of the group's business operations, Liang Zhenxun is in charge of the group's finances, and Yuan Tianfan is in charge of the group's emerging industries, such as shipping and telecommunications, and is also in charge of the group's acquisition plan.

In fact, it can be seen that Lin Zuhui has not delegated power, and has firmly grasped the general direction of the group.

"Waiting for you outside!"

"Um"

When Lin Zuhui walked out of the office, he saw Yuan Tianfan outside, and invited Yitong to take a car to the Telecommunications Building near Yuyong.

Yuan Tianfan is currently the director of Hong Kong Telecom, and Lin Zuhui is the chairman. Both of them are not specifically involved in the development of Hongkong Telecom, but they will supervise Hongkong Telecom and will also provide work guidance.

Today, Lin Zuhui held a meeting in person, obviously HKT will make a big move.

Telecom Building, Group Meeting Room.

Lin Zuhui sat in the main seat, Yuan Tianfan and Ai Weilang sat under him respectively, followed by Wu Qinghua, Zhong Chuyi and other senior executives.

Considering that Avalon is an Australian, the entire meeting will be in English.

"The whole meeting is kept secret," Lin Zuhui said in the first sentence.

A kind of executive nodded quickly, it should be.

They understand that the boss wants to formulate a development plan for Heungkong Telecom.

Then, Lin Zuhui said:

"On March 500th of this month, Microsoft, Oracle, and Cisco in the United States sold billions of dollars, causing the Nasdaq index to fluctuate sharply this month. As of today, it has fallen by about 4500 points (currently about [-] points ). I see a big crisis from this, and that is the risk of the Internet bubble bursting."

"The reason why Hongkong Telecom has doubled in just over a year is nothing more than speculation on Internet themes such as PCC business and video information business. As the management, we must clearly realize that Hong Kong Telecom is also a bubble, including PCC business and The video information business cannot really become a way for Heung Kong Telecom to jump out of the Hong Kong circle, because it is full of great uncertainties."

Everyone was shocked. After working hard for a year, the boss said at this time that he was just telling you a story, and he felt a little frustrated.

Think again of the parent company, New Times Group, which cashed out more than 1 billion shares of Heung Kong Telecom from January to March, causing the market value of Heung Kong Telecom to fall to just over 3 billion; The cost of acquiring Hong Kong Telecom has been reduced.

Amazing!
Lin Zuhui smiled and said, "Do you feel frustrated?"

Avalon first said: "It's not a setback. When Hong Kong Telecom's market value exceeded 5000 billion, our management knew that these were the factors of BOSS and the Internet, which drove the market value of Hong Kong Telecom to rise. As for PCC and video information business, there is no need. At the last moment, no one can tell what the future will look like, after all, companies like Microsoft, Intel, and News Corp. are also starting to deploy.”

He was right. Heung Kong Telecom's rise to 5000 billion was half due to Lin Zuhui's factors, and the other half was due to the "storytelling" of the Internet business.

"That's good! I didn't want to dampen your confidence just now, but I wanted to say that Heung Kong Telecom needs to really get out of the circle of 600 million people in Heung Kong, and has to look for opportunities overseas."

As soon as Lin Zuhui finished speaking, everyone began to think seriously.

In this life, Hong Kong Telecom has not been affected by the acquisition and caused huge financial pressure; on the contrary, Hong Kong Telecom currently has a cash flow of more than 200 billion Hong Kong dollars in its account.

In the previous life, after Li Zekai acquired Xiangjiang Telecom, he merged Yingke with it, and the debt acquired in this way naturally became the debt of Hong Kong Telecom.As a result, Hong Kong Telecom was heavily in debt and unable to break out of Hong Kong. Instead, it sold its mobile communications business to Australian telecommunications companies.

Avelon's eyes suddenly lit up, and he said excitedly: "The boss is planning to buy an overseas telecommunications company, directly jumping out of Xiangjiang's circle? Is it Australia?"

Sure enough, everyone's eyes lit up.

Lin Zuhui didn't hold back anymore, and said, "Not bad! How about Optus, Australia's second largest telecommunications company?"

Avalon immediately said: "At that time, I participated in leading the plan to open up the Australian telecommunications market, and I am very familiar with the Australian market. Optus is very good, if its parent company intends to sell it!"

Yuan Tianfan also said: "For a second child like Optus, the chances of its parent company selling are very high, as long as the price is right."

Everyone agrees with this acquisition plan!

Europeans and Americans do business because if they can sell at a high price when the market is good, they will not be stingy, which is why mergers and acquisitions often occur in Europe and the United States.

Lin Zuhui finally said: "Well, you guys should conduct a secret investigation for a while, don't get in touch with it in detail, and make an acquisition plan at the same time."

"Ok!"

The reason why we don't want a quick fix is ​​because we have to wait for the Internet bubble to burst, which makes it easier to negotiate.Of course, the telecommunications industry is a traditional industry. In the Internet bubble, the impact was not as great as that of Internet companies.

But there is one exception, and that is the Dadong Telegraph Bureau. They received 100 billion US dollars in cash last year, and it is said that all of them were invested in the Internet, and the converted shares of New Times Group were not sold.

From the looks of it, there are no panties left!
Lin Zuhui seems to remember that in his previous life, Li Zekai wanted to acquire the Dadong Telegraph in turn, so he joined hands with Texas Pacific Group to initiate the acquisition; at that time, the stock price of Dadong Telegraph fell from 1500 pence to about 50 pence, and its market value was only about 150 billion Hong Kong dollars.

What a joke!
But in this life, Dadong Telegraph should have a better life. After all, the shares of New Era Group are much more valuable than the previous Century Pacific Telecom.

In fact, Lin Zuhui would also arrange for Hong Kong Telecom to acquire Dadong Telegraph Bureau.

Success or failure is one thing, but face must be recovered.

(End of this chapter)