Chapter 696 Fu Wah Real Estate
The benchmark price of multi-storey residential properties can increase by 40%.
In addition, there are miscellaneous incomes such as parking space rentals and elevator advertising in the community.
New Century Real Estate's property income in the third quarter of 2004 exceeded 100 million Chinese dollars.
In addition, New Century Real Estate provides its own power supply and northern heating for large residential areas, and does not use the municipal government.
The price of electricity per unit of electricity is now 50 cents across the country.
Resident heating is implemented based on the built-up area of the apartment at 19.5 yuan/square meter per quarter.
There will definitely be no heating bills in the third quarter.
But the electricity bill generated 14.95 million Huaxia coins.
Calculate it this way.
The entire New Century Real Estate's main business income in the third quarter of 2004 was 2.75 billion Chinese dollars.
Net profit was 636 million Chinese coins.
Total assets are 84.3 billion Chinese dollars and total liabilities are 30.692 billion Chinese dollars.
The debt ratio is 36.3%.
This debt ratio is not high, and can even be said to be low in the real estate industry.
The reason is simple. Hanhua chose to convert the money from the two funds into shares of New Century Real Estate.
Because the US$5.5 billion investment from Fund No. 1 has not yet expired, the divestiture of New Century Real Estate is not complete.
"What is the current market value of New Century Real Estate?"
"68.9 billion Hong Kong dollars."
"The stock price has risen so much?"
Xu Liang said in surprise.
Last month it was less than 60 billion.
“Benefiting from the economic development in the Mainland, Xiangjiang’s real estate market has also recovered. Real estate stocks are now popular, and New Century Real Estate is standing behind you, so the company’s stock price has risen so fast.
Apart from the established real estate giants like Yangtze River, Hutchison Whampoa, New World and Sun Hung Kai, we are the next one."
Xu Liang nodded and put down the documents in his hand.
"There are still nine months until the expiration of Fund No. 1. In these nine months, New Century Real Estate's land bank will be increased to 40 million square meters.
Next year's commercial housing sales area will increase to 3 million square meters. .
Don’t follow the new dream project.
You can add it at your own discretion. ”
"Is there any progress at JJ Disco now?"
"We are still talking. At present, only one owner has signed the contract, which can expand the Xinjiekou land to 3,618 square meters.
However, Mr. Xu, Xinjiekou belongs to the old city of Beijing. All buildings have a height limit of no more than 45 meters. It will be difficult for us to build high-rise apartments.”
Xu Liang understood.
“At 45 meters, it can only be used as a small high-rise building.”
"Yeah."
"Then let's build a small high-rise. Although 3618 square meters is a bit small, it is enough to build an apartment. You try to continue to merge the land, the price can be higher, and the scale is your own Get it."
"Understood."
"Also, this apartment will be built according to the standards of "Jinfeng Apartment""
After Sha Zhigang agreed," By the way, Mr. Xu. We have completed the name change. From now on, New Century Real Estate will be renamed Fuhua Real Estate.”
Xu Liang nodded.
The Hong Kong stock market has too many similar names like New World, New Century and Sun Hung Kai.
He still prefers the ‘Fuhua’ brand he founded.
“Mr. Xu, I heard that the higher authorities have set an ‘831’ deadline?”
“You also know about it?”
"I dare not not pay attention to such a big matter."
Xu Liang smiled, "This matter is indeed true. After August 31 this year, the local government prohibits any further transfer of agreements in any name. All land is subject to bidding, auction and listing.”
Although the bidding, auction and listing system was introduced in 2001, in most places across the country, 80% of land parcels are still transferred by agreement.
In other words, each real estate company relies entirely on connections. If you have strong connections, you can get them, but if you don’t have enough connections, you can’t get them.
This is very unfriendly to some foreign companies.
Because the local government naturally favors local companies.
"This is really good news for us. We will no longer have to look at the boss's face in the future." Sha Zhigang said excitedly.
Xu Liang was also very happy.
Fu Wah and Tai Wah had their eyes on a good piece of land before, but because they had already acquired a lot of commercial land and not all of it had been built, out of the need to balance risks, even if they bid higher, People still give the land directly to other real estate developers.
Fuhua and Taihua cannot give full play to their financial advantages.
This is also the reason why he chose to cooperate with Delong in the first place.
Delong has been established for a long time and has a great reputation. He has far deeper connections with local governments than him and can obtain good land.
Now that the 831 deadline has come out, this tight curse has been lifted for Fuhua and Taihua.
From now on, I will spend money on whichever plot of land I value.
Don’t be afraid of not being able to take it off.
"Now the east wind is coming. In order to clean up the mess on their butts, major real estate companies have no intention of acquiring land. We are taking advantage of this wind to acquire more land in major first- and second-tier cities across the country.
Especially in urban areas You can get as much high-quality land as you want in the center.”
“Mr. Xu, I will hold a meeting with the branches below to ask them to get the land after I get back.”
After Xu Liang nodded. stood up.
“Don’t be in a hurry to get the land. It’s noon, let’s go have a meal first, and then get busy with our business after dinner.”
"Then can I order food?"
"Haha, of course you can. Order whatever you want, I'll treat you." Xu Liang said with a smile.
"Let's go to Sixi Lou. I like their Sixi meatballs." After lunch, Sha Zhigang left in a hurry.
Back to the company in the afternoon.
Xu Liang picked up the phone on the table and hesitated to call Liang Yingyu, the head of Hanhua Mars 10 Fund.
Currently, there are six Hanhua Huaxia Mars Funds.
No. 1 Fund Lu Bingyun is responsible for the medical and pharmaceutical direction, with a management fund of 1.5 billion Chinese dollars. It will expire at the end of December 2004, and the amount of funds raised will definitely increase.
Zhang Ying of Fund No. 3 is responsible for catering and Internet, and manages US$500 million in funds.
Liang Si, Fund No. 4, is responsible for the Internet and hard technology direction, and also manages US$500 million in funds.
Shen Nanpeng of Fund No. 6 has just joined the company. His designated investment directions are technology, medical care and consumption. He currently manages US$170 million.
After expiration at the end of this year, the future amount of funds raised will be US$1.5 billion.
Liu Zhiping, the head of Fund No. 8, focuses on energy, banking, and chemicals as his main investment directions, and currently manages US$1 billion in funds.
Finally, there is Liang Yingyu’s No. 10 Fund.
She is also good at investing in the medical and consumer sectors, managing US$200 million.
Currently, he has invested in Huayi Company, Neptune, WuXi AppTec, People's Pharmacy, Enlight Media, and four companies that Xu Liang has never heard of.
Very good.
The call was answered quickly.
A calm female voice came over.
The image of a young woman in her early thirties with a capable temperament and a crisp lady's suit quickly emerged in Xu Liang's mind.
"Hello, Mr. Xu."
"Sister Liang, have you read the information I sent you?"
"Yes. But are you really sure this is called 'De Does Yunshe's cross talk company have development prospects? "
It's not that she doesn't believe in Xu Liang's vision, nor does she look down on the cross talk industry, but it's really hard for her to believe that a cross talk performance company can become big.
"I haven't missed it after all these years. Sister Liang, do you want to make a bet with me?"
"Bet?"
"If Deyun Club is valued at over 100 million within three years, you will personally cook a meal for me and Xiaoyang."
"Although I really want to agree. , but forget about my cooking skills. I can't afford to ruin you and Mr. Jiang again. And your investment vision is recognized by the world, so I won't make such a losing bet."
< br>Xu Liang smiled and changed the subject.
“Isn’t Bona’s investment settled yet?”
"No. Yu Dong's asking price is too high. We invested 15 million US dollars, but we could only get 15% of the shares. Although it was the first company to obtain a distribution license and had a deep relationship with the China Film Company, Bona was not yet Worth 70 million US dollars.”
“Let’s wait a little longer.”
Although Xu Liang knows that Bona’s future is going to be good.
But investment does not depend on you in five or six years, but on you now.
The current Bona is not worth so much money.
Xu Liang didn't intend to interfere.
As for Deyun Club, it was just a matter of convenience.
Forget about a good project if you can't think of it, but you can't miss it if you encounter it.
Unless the other party’s price is too high or they don’t want to raise funds.
“Where’s the little sheep?”
"We are still talking about it, but it will be soon."
Before 2004, Little Sheep was at its peak. Relying on the agency and franchise model, it opened 720 stores in less than 5 years after its establishment.
A new store is opened every 3 days on average during the peak period, and the annual turnover directly reaches 4.3 billion yuan.
This kind of barbaric expansion looks prosperous, but in fact, due to the lack of management standards and supervision, a series of problems such as customer ripoffs and poor taste have arisen.
However, after the boss Zhang Gang realized the problem, he actively solved it.
By withdrawing agency rights and closing unqualified franchise stores, etc.
The number of Little Sheep stores was reduced to 300 within a year.
However, due to improvements in management, passenger traffic increased, and revenue miraculously maintained a balance.
Little Sheep really started to decline after Zhang Gang sold the company to Parkson.
But the current Little Sheep is definitely in chaos.
This is also the reason why Xu Liang agrees with Liang Yingyu’s investment.
"Little Sheep's reform path is still right. This time we will try to take advantage of their chaos to get more shares."
"Mr. Xu, when I talked with Zhang Gang, he wanted to sell the company. That means. Should we just take down the little sheep?”
Liang Yingyu knew that the company had a merger fund.
As the top catering chain brand in the country, Little Sheep has great influence. If it can successfully turn losses into profits, it will not only gain a strong catering brand, but also be a good publicity for the company's M&A business.
Xu Liang thought for a moment and then shook his head.
“Forget it.”
Hanhua’s mergers and acquisitions business has been reformed, and the company’s money will be retained to expand in the two major areas of supermarkets and wine.
When these two industries are stable, preparations must be made for the merger and acquisition of Delong Group.
Compared to Delong, a little fat sheep is nothing.
Seeing that he was not interested, Liang Yingyu didn't mention it again.
After chatting for a few more words, Xu Liang hung up the phone.
He took a long breath and walked to the window, looking at the bustling market outside and stretching.
Looked at the time and simply packed up the things on the desk.
Picked up the clothes, turned and left the office.
Sorry, I just finished writing now because I have something to do tonight.
(End of this chapter)