Chapter 1270 The Collapsed Consortium

Le Yiling's urgent discussion with Yin Jun must be more than just a trivial matter of acquiring Henderson shares.

It’s also a bit emotional to say it.

Henderson Land Development, which was to be one of the five major Hong Kong conglomerates in the future, was now just a trivial matter in Le Yiling's eyes.

But this is not an exaggeration.

Henderson's current market value is only HK$1.3 billion, which is not even as good as Kirin Culture's two-month profit.

Not to mention compared with a carrier as huge as Kirin Group.

Le Yiling really felt that it was his blessing that Kirin Group was willing to invest in Henderson Land Development.

In fact, Le Yiling prefers to seize Henderson Land and let it join the Kirin Group. After all, if Yin Jun is so optimistic about Henderson Land Development, then this company must have great development prospects.

But Le Yiling, like Yin Jun, is more interested in entertainment groups. She doesn't understand much about these real estate things, and she doesn't like them very much.

Since Yin Jun said so, just let him do it.

It already has 30% of the shares. If Li Zhaoji develops well in the future and can become a large company of HK$10 billion, then the Kirin Group will have a value of HK$3 billion, with a return on investment of 1500%! !

Le Yiling did not express this idea, otherwise Yin Jun might tell her, sister, you underestimate Li Zhaoji too much.

They have brought the company to a scale of 250 billion Hong Kong dollars, and 30% of the shares, if they are not diluted and no new shares are issued, that is 75 billion!

So the return on investment should be 300 times!

If Li Zhaoji had not stayed in Hong Kong and gone to the mainland to develop earlier, the value of Henderson Land Development would have doubled again!

After deciding on the acquisition of Henderson Land Development, Le Yiling suddenly smiled happily, "Have you read the recent information on Hang Lung and other consortiums? They are in a terrible situation this time!"

Le Yiling has many reasons to be happy.

The most important thing is that Chen Qizong is unlucky.

Some time ago, when Hang Lung Group was in glory, Chen Qizong found many people to brag about himself and forcefully compared himself with Yin Jun.

From Le Yiling's point of view, this was extremely intolerable.

Who are you?

At best, he is a rich second generation, living with his parents, how can he be compared with my Ajun? What kind of "double pride" are they called together? are you crazy?

From last year to this year, "Qilin Daily" began to confront Chen Qizong and broke some news about him. This was Le Yiling's instruction.

Chen Qizong is unlucky, and naturally the entire Hang Lung Group is unlucky.

The land in Ngau Tau Kok that they are still developing was originally approved for the third phase. However, in the face of such a huge plummeting crisis, no one is willing to buy a house here. Even they have almost pushed the cost to the extreme.

The land of Ngau Tau Kok is actually not that anxious.

Anyway, real estate cannot stay in such a sluggish state forever. It will take another three to five years at most and it will pick up. By then, selling at a higher price will be able to make up for the losses.

But there was one thing they couldn't wait for.

That is the properties built on nine subway stations on the Hong Kong Island Line subway line in Hong Kong.

The MTR Corporation has already built the Kapok Building, and the second Xiangshan Building in Admiralty 2 is ready to be built, waiting for funding from Hang Lung and other consortiums.

In the MTR's plan, the newly built Xiangshan Building covers an area of ​​69,000 square feet, with a total floor area of ​​1.043 million square feet. For this project alone, the government will charge a consortium of nine real estate companies a land price supplement of HK$1.82 billion. , and it must be paid within 28 days after the MTR plan is submitted and approved.

This has been settled in the contract a long time ago, and there is no way to shirk it.

1.82 billion!

Don't look at these nine major groups. Each of them has assets of more than 5 billion Hong Kong dollars, which adds up to almost 50 to 60 billion Hong Kong dollars. But now it is really impossible to ask them to come up with so much cash!

The biggest reason is the current real estate crash and stock market crash.

Once they can't sell the house, even if they have money, they don't dare to use it, for fear that if something unexpected happens and the capital chain is broken, they will have nothing.

Didn't a bank as big as Hang Lung Bank almost collapse due to a run on it?

Compared with their lifetime's hard work, they don't dare to take a business lightly, even if it is a very profitable business.

If it was before and there was no cash, there would be no problem.

Because they have good qualifications and a strong backing of properties built on the subway, the nine major real estate companies and investors can easily borrow money from banks and pay the fee.

But it's different now. Banks are closing one after another. With a huge figure of HK$1.82 billion, who dares to lend to them?

Even HSBC, Standard Chartered Bank and China Banking Corporation have not made this opening.

Despite their repeated requests, Shen Bi decided not to grant the loan after careful consideration.

Building properties above the subway is definitely profitable, but if the situation in Hong Kong does not improve in three to five years, the risk of this investment will greatly increase.

Although HSBC is very rich, it also has to consider the issue of financial security.

In contrast, there is no need to worry about risks when lending to Yin Jun, because it is Disney that Yin Jun uses as collateral.

Today's Disney Company has had its credit rating improved in such a short period of time and is valued at US$4 billion.

After careful evaluation, HSBC's specialists believe that using Disney as a mortgage is absolutely safe as long as it is less than US$3 billion.

After all, with the money-attracting capabilities of "Happy Hotel" and "American Idol", Disney will not be willing to drop its value below US$3 billion within five years.

It is worth mentioning that when Yin Jun acquired Disney in February 1981, Disney still owed US$1 billion in debt. But now, in just over a year, the debt has almost been repaid. This shows that Disney has What a big change.

Even if HSBC fails to collect the loan, it can directly sell it to Disney and all losses will be recovered.

No banks in Hong Kong are willing to take over, so the consortium can only look for foreign banks.

Including Korean banks, Japanese banks, Singaporean banks, etc., they all have to contact them.

At the same time, the consortium also actively started public relations, hoping to get the government to reduce land price compensation to 1.4 billion.

In this way, after the amount is reduced, the bank's risk will not be so great, which will also increase the probability of loans.

However, the Hong Kong government did not consider it at all and rejected their application on the same day, keeping the land price of HK$1.82 billion unchanged.

After hearing the news, the Japanese bank, which had initially agreed to the consortium's HK$1.5 billion loan, immediately turned its back and withdrew its previous commitment, pouring cold water on the consortium.

The Japanese in the 1980s were the richest time.

Although at this time they are not as reckless and spend money as they would be five years later, but in terms of their generosity, they are among the best in Asia.

Even the Japanese have backed down, how can other banks dare to take over?

So now is basically the most difficult time.

On the one hand, no bank is willing to lend money, and on the other hand, the 28-day payment deadline is coming.

Once the consortium fails to pay the land price difference of 1.82 billion as agreed, all their previous deposits of hundreds of millions will be confiscated.

Losing a large amount of money is one, and such a despicable failure is undoubtedly a huge blow to the nine major companies.

Thinking back to that time, when they obtained the rights to the properties above the nine subway stations of the Hong Kong Island Line, how glorious it was!

Le Yiling wanted to laugh when she thought about how the nine major companies, especially the Chen family's Hang Lung Group, were in such a state of disarray as the news had broken out in the past few days.

"They are also unlucky." Yin Jun also smiled, "If it had been three years ago or three years later, this transaction would have brought them profits of more than tens of billions of Hong Kong dollars. But it happened at this time. , then naturally they will have no way to recover."

"This is not luck." Le Yiling disagreed, "There are many smart people in Xiangjiang. The first one is you, Ajun. When the market was so hot, we sold our interests in Tianshuiwei and sold B type for Land rights, how many people say you are a fool, saying that you can't do anything except write scripts and books?

What now? We are the most unscathed in all of Hong Kong! Have you not seen the news in Xiangjiang in the past month or so, including those newspapers and magazines, all praising you, saying that you have an outstanding vision that transcends the times, and you are decisive and determined that others cannot have. They all say that the future of Hong Kong will definitely belong to you! "

Yin Jun smiled and said nothing.

Hong Kong reporters... no, the integrity of all reporters should not be trusted.

They can lift you to the sky when you are in your glory.

They can also trample you into the ground when you are down.

This is the same as writing a novel. If an author dares to keep reading his or her own book review section, he will basically either abandon the book and stop writing, or he will go directly to a mental hospital.

Therefore, except for absorbing news knowledge from newspapers and magazines, and learning some knowledge he wanted to learn, Yin Jun basically did not read any comments about himself.

If you can’t finish your own work, how can you have time to revel in the praise of others?

"Ajun, you said that if they back down on the properties built above the subway, should we take over?" After laughing, Le Yiling asked about business again, "Since you said that this collapse will happen in three years, Once we regain our confidence, wait for a while and when it hits rock bottom, we can take over and make huge profits, right?"

Although she doesn't like real estate, Le Yiling is still very interested in something as fat as a subway property.

"If there is a chance, we can do it." Yin Jun has already considered it, "But the best time is probably two years from now. If we make these acquisitions well now, it will be the greatest success. "

"I see!"

Le Yiling nodded.

She still understands the principle of greed for more.