Chapter 155 Hotel Group Listing Plan (Fourth Update!)
In the 1960s, 1970s, and 1980s, Xiangjiang had a very good place, that is, everyone wanted to make a fortune, and everyone wanted to find opportunities to make a fortune.
This has created a positive fighting spirit, and there have been 30 golden years of Xiangjiang.
When the Hong Kong, British, and government gradually turned all their attention to real estate, and turned to living on the income of goods imported into the mainland, they gradually became lazy, and finally became the embarrassing people in the future. appearance.
Of course, there is also a group of greedy real estate businessmen in Xiangjiang who are fueling the flames. In order to make themselves prosperous, they do not hesitate to follow the propaganda and brag, and let Xiangjiang people invest all their money in real estate and the stock market. don't care.
In the world, apart from Huaguo, there is basically no real estate businessman in any developed country, and there is no country where real estate businessmen account for more than half of the top ten richest people.
Before 2010, the top ten richest people in Xiangjiang were basically the top ten richest people in Huaguo, and eight of them were real estate developers.
The remaining Lu Zhihe is the new generation of gambling kings in Omen; Michael Kadori mainly focuses on electricity and hotels, but also cooperates with others to develop real estate industries.
The person who has nothing to do with real estate should be Lu Zhihe, but his business is worse than real estate. What's the end?
It is now 1978, which happens to be the time when Xiangjiang's real estate second take-off is about to begin.
At this time, as long as you have a little land, you can make money by building a building, and the longer you hoard the land, the more money you will make... Cough cough, this seems to be similar to the real estate market in Huaguo after 2008 almost.
In addition to real estate, there is another way to get money faster, and that is to operate the company to go public.
The real estate companies and industrial companies in Xiangjiang went public on a large scale. The first time it was around 1972-1973, Li Chaoren's Cheung Kong Industrial was listed at that time.
And that group of people was very lucky. Just after the listing was completed and the money was collected, the Xiangjiang stock market caused a drastic change in the price of oil resources due to the war in the Middle East, which led to a sharp drop for several consecutive years.
The famous Hutchison Co., Ltd., just in the past few years, the stock price plummeted from the peak of 44 yuan in March 1973 to 1.18 yuan in 1975. In the end, if HSBC Bank did not pull it, let it and Huangpu Dockyard The companies merged to form Hutchison Whampoa, which was liquidated long ago.
After four or five years, Xiangjiang's stock market has gradually recovered. With the continuous development of Xiangjiang's economy, the continuous increase of industrial exports, and the increasing foreign exchange earned, its stock market has naturally risen.
As a result, many shrewd industrialists plan to make their companies go public to collect money and earn a lot of net worth.
Qiu Degen is one of them.
In 1972, when the stock market was at its peak, Qiu Degen listed his Far East Development and Far East Investment Group, making a lot of money and avoiding the downturn in the following years.
This can be regarded as making up for his regret that most of the shares of the Far East Bank were annexed by others.
Now that the stock market has gotten better, Qiu Degen, who has tasted the sweetness, has the idea of pulling together and integrating his properties, and then going public.
Like many tycoons in Xiangjiang, Qiu Degen owns a lot of companies, with seven or eight holdings, and dozens of shares. This is their multi-investment principle, and they guarantee that they will not lose money because of one industry. Let the family enter the point of no return.
Xiangjiang people are not fools. They don’t know that you can combine and go public with any company you put into it. It must be a good company to be sought after by people.
When Li Chaoren's Changjiang Industrial was listed, it almost broke, which was really embarrassing.
Now the most valuable unlisted company in the hands of Qiu Degen is naturally the one that is making a lot of money every day, including the Liyuan Amusement Park in Songcheng, and then there are two large hotels with a total of 300 rooms in Tsim Sha Tsui on the Kowloon River. In addition, he also has two ten-story office buildings in his hands, and 13 theaters located in remote places such as Sha Tin, Yuen Long, and the New Territories... Adding up the odds and ends, his assets are about 400 million Hong Kong dollars.
Of the 400 million Hong Kong dollars, Liyuan accounted for 200 million.
And if this part of the assets is listed, the first thing to be packaged and publicized is the Liyuan Amusement Park with the highest value.
Liyuan and Songcheng in it don’t really need to be publicized. Ever since the crews of “Bao Qingtian” and “Wulin Biography” moved in, and since the proposals proposed by Yin Jun and Qiu Degen, they have become more popular in Liyuan and Songcheng. After it became popular inside, Liyuan, which had been gradually declining, suddenly rejuvenated, and Ocean Park was miserable, and the ferocious development momentum slowed down a lot.
People's first choice now is to go to Liyuan. Although it is very crowded there, 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 profit of Liyuan will definitely increase significantly this year, and it is very possible that it will reach 30 million a year.
Such profits are very high.
According to the usual international valuation algorithm in the 1970s, 10-20 times the net profit is the correct IPO valuation when it goes public.
Calculated in this way, the valuation of Liyuan 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 is conscientious.
In the era of Internet technology after 2000, people don't even count profits, only 15-30 times the turnover, and there is too much water in it!
If the listing is based on pure profits, companies such as Google and Facebook have no way to apply for an IPO.
Now Qiu Degen plans to add all the assets listed above to a group company called "Far East Hotel" and then list them on the market.
If you are lucky, the valuation of Far East Hotel Group can exceed 600 million, and Qiu Degen sells 68% of the shares. Excluding all issuance and underwriting expenses, the listing can make a burst of 360 million.
Although Qiu Degen only left 32% of the shares for himself, Xiangjiang's stock market rules are different from those of the United States and Huaguo. It basically inherits the rules of the United Kingdom and is unique.
In Xiangjiang, if the major shareholder of a listed company exceeds 35% of the shares, the Xiangjiang Acquisition and Merger Committee has regulations. If it exceeds 35%, it must be fully acquired, and the shareholding must exceed 50% to be considered a successful completion. Otherwise, you You can't own 35% of the stock, you can only sell some.
So everyone can see in 2020 that companies such as Cheung Kong Infrastructure, Cheung Kong, Hutchison Whampoa, etc., basically hold 34.0% of each other's shares. If the two companies add up, yes Another company's shareholding is almost 50%, which is to avoid the mandatory acquisition regulations of the Hong Kong stock market.
And if it is a single shareholder, 32% is very high. There is no big surprise, and it is enough to guarantee a strong position in the company and the throne of the chairman.
Qiu Degen has a lot of elite soldiers and generals in his hands, as well as his own staff, but when all his subordinates are helping to work hard, he invites Yin Jun alone to his office in Liyuan, and then details his The listing plan of Far East Hotel Group was told to Yin Jun.
Although Qiu Degen knows that Yin Jun has never played in the stock market, and may not understand the rules and regulations of listing, but in Qiu Degen's heart, he has always had a premonition that he should talk to Yin Jun about this matter, and ask He will definitely have a good harvest.
Yin Jun seemed a little helpless about Qiu Degen's question.
Cherish life and stay away from Huaguo football.
Cherish the life of the whole family and stay away from the Huaguo stock market.
This is a common saying that has been circulating among the people for a long time.
At best, Yin Jun knows the stock market history of some super big companies in Xiangjiang, and the listing history of those well-known companies in the United States, and he also writes them down in the form of key points, such as which year was listed, and which year was the most important. Pound new product releases, etc., he does not know the specific details.
Even before Qiu Degen told Yin Jun about his specific plan and which assets to inject today, Yin Jun didn't know the mystery of it.
Yuanfang Hotel is one of the three listed companies under Qiu Degen, which is the only thing Yin Jun knew before.
When it comes to stocks, Qiu Degen is much more cunning and cunning than him, and knows a lot more.
However, 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 rule, that is, we must follow the trend and wait for the opportunity. The stock market in Xiangjiang has been improving continuously for the past two years. But I think when 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 real estate market is more popular, and going public will naturally make more money.”
"I plan to go public next year. Once the Spring Festival is over, I can hand it over to Lao Feng of Sun Hung Kai Securities for help. It will be listed in May at the most." Qiu Degen didn't care about Yin Jun's reminder, and said directly: "Junzi, you Is there any way to increase the attention of my company and increase its value?"
Xiangjiang's real estate is about to usher in a new peak. It was not until Huaying negotiated that it would be knocked down by a stick and fell to the bottom.
The most prosperous time was 1981 and 1982. Yin Jun had considered Qiu Degen's eagerness to get rich, and told him that it was 1981, 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 Xiangjiang society.
Sighing, Yin Jun could only answer according to his intention, "Uncle Qiu, is the most valuable in your Far East Hotel Group now, Liyuan?"
"Of course!" Qiu Degen nodded, "Thanks to you, my Liyuan plus Songcheng can now have a valuation of 400 million, even if it is less, it will not be much less."
"Then 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 mused, "I don't know if you have made Liyuan a global hotel like Disney. The chain model...Of course, it’s not as big as Disney, and we will do it in the Chinese district in Southeast Asia. For example, we announced to build a Liyuan amusement park in Baodao, and then we will build a Liyuan amusement park in Singapore. The amusement facilities and the ancient costume cultural city here are also launched. If you announce that you have such a concept and plan before going public, will this greatly increase the valuation of the Far East Hotel Group?"
Qiu Degen was shocked, and suddenly he patted the table: "Wonderful! Wonderful!! Haha! I knew you were looking for Junzi, and you must be able to give me a good suggestion! Haha, that's great!!"
After speaking, he simply stood up and walked around in the office, saying some words 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 to build a Tang City in Singapore and achieved a lot of success.
If it weren't for some policies in mainland China not being relaxed 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. It survived by relying on the huge market in the Mainland, instead of going bankrupt in the 1990s.
It's just that he certainly 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 will take a lot of money to build playgrounds in these two places. I don't have that much now, what should I do?"
"It's simple, you only need to buy the land directly if you have money, and sign the land intention contract first if you don't have money, and announce that you have this plan in a high-profile way, isn't that all right?" Yin Jun nodded, "Here in Xiangjiang, we need It is a concept. Securities companies who know the details will not say it, because they need to push you to go public to gain profits and prestige; as long as the common people see that Liyuan is in full swing, they will naturally substitute it into Baodao and Singapore. If you go to Xinliyuan, then you say, they still don’t flock to it?”
"Hahaha……"
Qiu Degen's eyes lit up when he heard it, and he couldn't help but patted Yin Jun on the shoulder, "Okay! You are so handsome! You are a genius! Haha! They only know that you are good at writing scripts, but how do they know that you are good at writing scripts?" Script is your most inconspicuous ability! If you enter the shopping mall, you are guaranteed to kill them! Within ten years, you will definitely be able to compete with the charter king!"
After a pause, Qiu Degen became more serious, "How about it? Do you want you to help Qiu Bo with this plan? Don't worry, just rely on your advice, Qiu Bo will give you 2% of the shares, and it will be at least 20 million when it goes public. !"
"I still won't do it." Yin Jun said with a smile, "I'm just talking. The one who is really capable of realizing it is you, Uncle Qiu."
"You!" Qiu Degen glared at Yin Jun with a bit of resentment, "I really don't know what's so good about this screenwriting job. You insist on liking it so much? It's a waste of your talent! Don't say yes With my help, even without my help, you will definitely be able to enter the shopping mall through a dragon! The world here is far more exciting than that of 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 tell Yin Jun now.
After all, in his mind, that plan was just a rough idea.
Whether it can be done, and whether there is a chance of success, depends on how well the Far East Hotel Group's IPO makes money!
Of course, no matter whether he can carry out that plan and realize his long-standing wish, he must not forget Junzai's suggestions that are the finishing touch several times in a row.
After the listing, a huge red envelope is absolutely indispensable!
I, Qiu Degen, will never let those who have helped me feel chilled!
(The fourth update is 16,000 words, and I said that I will give you little surprises from time to time! I will continue to work hard to write books! I will try to break out soon! Please subscribe more and give more monthly tickets!!)