Chapter 153 Hotel Group Listing Plan (Fourth Update!)
In the 60s, 70s and 80s, there was a very good place in Xiangjiang, that is, everyone wanted to get rich, and everyone wanted to find opportunities to get rich. Pen % fun % Pavilion www.biquge.info
This has created a positive fighting spirit, and there have been 30 golden years of Xiangjiang.
When the Hong Kong and British governments finally turned all their attention to real estate and turned to live on the profits of goods entering the interior, they gradually became lazy, and finally became the disgraceful appearance of the future.
Of course, there is also a group of greedy real estate businessmen in Xiangjiang who are fueled by the fact that in order to make themselves prosperous, they will do everything to follow the propaganda and boast, so that the people of Xiangjiang will invest all their money in real estate and the stock market, and they don't care about the real economy at all.
Except for China, there is basically no developed country in the world where the richest man is a real estate businessman, and there is no country where the top ten richest real estate businessmen account for more than half.
Before 2010, the top ten richest people in Xiangjiang were basically the top ten richest people in China, and eight of these people were real estate developers.
The remaining Lu Zhihe is the new gambling king of Aomen, and Michael Gadoori is mainly in electricity and hotels, but he also cooperates with others to develop real estate industries.
has nothing to do with real estate at all, it should be Lu Zhihe, but this person's business is worse than real estate, and in ancient times, it definitely belonged to the kind of people who were cut off from their children - what good end could they have if they opened a gambling stall and made people bankrupt?
It was 1978, and it was about to begin the second take-off of real estate in Hong Kong.
At this time, as long as you have a little land, you can make money by building buildings, and the longer you hoard land, the more profitable it will be...... Ahem, this seems to be similar to the real estate market in Huaguo after 2008.
In addition to real estate, there is another faster way to make money, that is, the listing of operating companies.
The first time in Xiangjiang's real estate companies and industrial companies was around 1972-1973, when Li Chaoren's Cheung Kong Industrial was listed.
And that group of people were very lucky, just after the listing circle was completed, the Xiangjiang stock market caused a sharp change in the price of oil resources because of the war in the Middle East, which plummeted for several consecutive years.
The famous Hutchison & Co., in the past few years, the stock price plummeted from the peak of 44 yuan in March '73 to 1.18 yuan in '75, and finally if HSBC hadn't pulled it and let it merge with Whampoa Dockyard Company to form Hutchison Whampoa, it would have been liquidated and closed down.
After four or five years, Xiangjiang's stock market gradually recovered, and with the continuous development of Xiangjiang's economy, the continuous increase of industrial exports, and the increasing amount of foreign exchange earned, its stock market naturally rose to the top.
As a result, there are many shrewd industrialists who plan to make their companies go public and make a lot of money.
Qiu Degen is one of them.
In 1972, taking advantage of the peak of the stock market, Qiu Degen listed his Far East Development and Far East Investment Group, making a lot of money and avoiding the low tide in the following years.
This can be regarded as making up for the regret that most of the shares of his Far Eastern Bank were swallowed up by others.
Now that the stock market has improved, Qiu Degen, who has tasted the sweetness, has the idea of integrating its industries and then going public.
Like many wealthy people in Hong Kong, Qiu Degen owns a large number of companies, holding seven or eight of them, and holding dozens of shares, which is their principle of multi-investment, ensuring that the family will not be brought into a state of no recovery because of one industry.
Xiangjiang people are not stupid, they can't be listed if you put any company in it, it must be a good company in order to be sought after by people.
When Li Chaoren's Changjiang Industrial went public, it almost broke, which was really embarrassing.
Now the most valuable unlisted company in Qiu Degen's hands is naturally the Liyuan Amusement Park in Songcheng, and then there are two large hotels with a total of 300 rooms in Tsim Sha Tsui, Kowloon River, in addition to two ten-story office buildings in his hands, and 13 cinemas in remote places such as Sha Tin, Yuen Long, and the New Territories...... Piecemeal sum up, the assets are about 400 million Hong Kong dollars.
Of the 400 million Hong Kong dollars, Liyuan occupies 200 million.
And if this part of the assets is listed, the first thing to be packaged and promoted is the Liyuan Amusement Park with the highest value.
Liyuan and the Song Cheng in it, in fact, don't need to publicize it, since the crew of "Bao Qingtian" and the crew of "Wulin Gaiden" were stationed, since the items proposed by Yin Jun and Qiu Degen became popular in Liyuan and Songcheng, Liyuan, which has gradually declined, has suddenly rejuvenated, and the Ocean Park is miserable, and the fierce development momentum has slowed down a lot.
People's first choice now is to go to Liyuan, although it is very crowded, but everyone is willing to go, because of the annual pass, because of the new programs, because of the various crews in Songcheng, because of the novel role-playing in Songcheng......
According to the calculations of some financial institutions in Xiangjiang, the profits of Liyuan will definitely increase significantly this year, and it is very likely that it will reach 30 million a year.
This kind of profit is very high.
According to the usual international valuation algorithm in the 70s, 10-20 times the net profit is the correct IPO valuation at the time of listing.
In this way, Liyuan's valuation has at least doubled to 300 million, because the profitability is good, and it is not a big problem to reach 400 million.
Don't look at the high price increase, in fact, the current IPO valuation can be regarded as conscientious.
In the era of network technology after 2000, people don't have any profit at all, only 15-30 times of turnover, and the moisture in it is too big!
If you want to look at the net profit before going public, companies like Google and Facebook will not be able to apply for an IPO at all.
Now Qiu Degen plans to add all the assets listed above to a group company called "Far East Hospitality" and then take them to the public.
If you are lucky, the valuation of Far East Hotel Group can exceed 600 million, Qiu Degen sells 68% of the shares, and after removing all the issuance and underwriting costs, the listing can make 360 million yuan.
Don't look at Qiu Degen, who only left 32% of the shares for himself, but the rules of the stock market in Xiangjiang are different from those of the United States and China, and it basically inherits the rules of the United Kingdom and is unique.
In Hong Kong, if the majority shareholder of a listed company has more than 35% of the shares, then the Heung Kong Mergers and Acquisitions Committee has a rule, more than 35% must be fully acquired, and the shareholding must exceed 50% to be considered successful, otherwise you cannot own 35% of the shares, you can only sell some of them.
Therefore, everyone can see in 2020 that Cheung Kong Infrastructure, Cheung Kong Industrial, Hutchison Whampoa and other companies basically hold 34.0% of each other's shareholdings, and the two companies must add up to 50% of the shares of the other company, which is to avoid this compulsory takeover regulation of the Xiangjiang stock market.
If it is a single shareholder, 32% is very high, and there is no big accident, which is enough to ensure a strong position in the company and the chairman's throne.
Qiu Degen has a lot of elite soldiers and strong generals, and he also has his own staff, but when all his subordinates are helping to work hard, he asked Yin Jun to go to his office in Liyuan alone, and then told Yin Jun in detail about his Far East Hotel Group's listing plan.
Although Qiu Degen knows that Yin Jun has never played in the stock market, and he may not be able to understand the rules and regulations of listing, in Qiu Degen's heart, he has always had a hunch that if you talk to Yin Jun about this matter and ask him, you will definitely have a good harvest.
Yin Jun looked a little helpless about Qiu Degen's inquiry.
Cherish life and stay away from Chinese football.
Cherish the life of the whole family and stay away from the Chinese stock market.
This is a common saying that has been circulating among the people for a long time.
At best, Yin Jun knew the stock market history of some of Xiangjiang's super companies, and the listing history of some well-known companies in the United States, and he wrote them down in the form of bullet points, such as which year they went public, what major new products were released in which year, and so on, and he didn't know any specific details.
Even before Qiu Degen told Yin Jun today about his specific calculations and which assets to inject, Yin Jun didn't know the mystery inside.
Yuanfang Hotel is one of Qiu Degen's three listed companies, which is the only thing Yin Jun knew before.
When it comes to stocks, Qiu Degen is much more cunning than him, and he knows a lot more.
It's just that looking at Qiu Degen's eyes full of trust and expectation, Yin Jun couldn't help but say a few words.
After pondering for a while, Yin Jun said: "Uncle Qiu, I don't know much about the stock market, but I know a basic law, that is, we must follow the trend and wait for the opportunity to move." In the past two years, the stock market in Xiangjiang has been improving, but I think that when the real estate has not yet reached its peak, if you are interested, it will be best to go public after 80 years, when the concept of the property market is more hot, and the listing can naturally make more money. ”
"I plan to go public next year, and as soon as the Spring Festival passes, I can hand it over to Lao Feng of Sun Hung Kai Securities to help operate, and it will be listed in May at most. Qiu Degen didn't care about Yin Jun's reminder, and simply said directly: "Junzai, do you have any ways to increase the attention of my company and increase its value?"
The real estate in Xiangjiang is about to usher in a new peak, and it will not be knocked down with a stick until the Sino-British negotiations and fall to the bottom.
And when the flowers were the most blossoming, it was 81 and 82, Yin Jun had already taken into account Qiu Degen's urgency to get rich, and told him that it was 81 years, but Qiu Degen was very direct and impatient.
However, this is the Xiangjiang people of this era, and it is also a manifestation of the impetuousness of the entire society of Xiangjiang.
Sighing, Yin Jun could only answer according to his meaning, "Uncle Qiu, now in your Far East Hospitality Group, the most valuable is Liyuan?"
"Of course!" Qiu Degen said, "Thanks to you, my Liyuan plus Song Cheng can now have a valuation of 400 million, even if it is less, it is not much less." ”
"So if you want to increase the value of the entire hotel group, the most important thing is to make a fuss about Liyuan. Yin Jun groaned, "I wonder if Qiu Bo has made Liyuan a global chain model like Disney...... Of course, it's not as big as Disney, we're doing it in the Chinese area of Southeast Asia. For example, we announced that we would build a Lai Yuen amusement park on Treasure Island, and then we would build a Liyuan amusement park in Singapore, and we would also launch our amusement facilities and costume culture city. If you announce that you have such a concept and intention before going public, will this greatly increase the valuation of Far East Hospitality?"
Qiu Degen was shocked, and suddenly slapped the table: "Wonderful! wonderful!!!haha!I knew that looking for Junzi you, you would definitely be able to give me a good suggestion!haha, great!!"
As he spoke, he simply stood up and walked around the office, saying something that Yin Jun couldn't understand at all.
Yin Jun knew that Qiu Degen would definitely agree, because in a few years, he would spend 500 million Hong Kong dollars in Singapore to build a Tang City, and he had a lot of success.
If it weren't for the fact that some policies in China had not been released at that time, his plan to build a Song city in Lin'an, the most important place in the Song Dynasty, would definitely bring him a lot of income and prestige, and Liyuan would have survived purely by relying on the huge market in the mainland, rather than going bankrupt in the 90s.
It's just that he definitely hasn't thought of going there yet.
One is that he doesn't have that much money, and the other is that his heart is not that big.
After a while, the excited Qiu Degen suddenly asked Yin Jun: "Junzai, it takes a lot of money to build the playground in these two places, and I don't have that much now, what should I do?"
"It's simple, you just need money to buy land directly, and if you don't have money, you can sign the land intention contract first, and announce that you have this plan in a high-profile manner, isn't it?" Yin Junjaw said, "On the side of Xiangjiang, what is needed is a concept." Securities companies that know the details won't say it, because they need to push you to go public to gain profits and prestige; as long as the people see that Liyuan is in full swing, then they will naturally substitute it into the new Liyuan Garden in Baodao and Singapore, so you say, they are still not eager to rush to it?"
"Hahaha......"
Qiu Degen's eyes lit up when he heard this, and he couldn't help but pat Yin Jun on the shoulder, "Okay! You are really a genius! Haha! They only know that you are good at writing scripts, but how do they know that writing scripts is also your most inconspicuous ability! If you enter the mall, you will be sure to kill them and lose their armor! You will definitely be able to compete with the charter king within ten years!"
After a pause, Qiu Degen was more solemn, "How about it? Do you want you to help Uncle Qiu do this plan?" Don't worry, with your advice, Uncle Qiu will give you 2% of the shares, and the minimum amount listed is 20 million!"
"I still won't do it. Yin Jun said with a smile, "I just move my mouth, and the one who really has the ability to achieve it is Qiu Bo yourself." ”
"You!" Qiu Degen glared at Yin Jun with a little hatred, "I really don't know what is good about this screenwriter's business, you have to like it so much? It's a waste of your talent! Not to mention with my help, even without my help, if you enter the mall, it is definitely a dragon! The world here is far more exciting than screenwriters!"
"No way, I just like it. Yin Jun replied with a smile.
"I ......"
Qiu Degen obviously wanted to say something, but in the end he endured it and didn't say anything to Yin Jun now.
After all, in his mind, that plan was only a rough idea.
Whether it can be done or not, whether there is a chance of success, depends on how the listing circle of Far East Hospitality Group is!
Of course, no matter whether or not you can implement that plan and fulfill your long-term wish, Junzai's suggestions for the finishing touches several times in a row can't be forgotten.
After the listing, a big red envelope is absolutely indispensable!
I, Qiu Degen, will never chill those who have helped me!
(Four more 16,000 words, said that I want to give you a little surprise from time to time!I continue to work hard to write a book!Strive to break out again as soon as possible!Please subscribe more, give more monthly passes!!) (To be continued.) )