Chapter 139 139 [Yongan Group Fudu Hotel]
Acquiring properties at a premium now is naturally not a good plan, because since August, the increase in property prices across Xiangjiang has become smaller and smaller, such as the property prices of industrial buildings It has fallen a lot, which is a dangerous signal.
Therefore, Luo Qihong's proposal to acquire some Wheelock Company properties at a premium made John Madden and Zhang Yuliang quite excited. After all, the shipping industry at this time was more profitable than the Xiangjiang real estate industry.
Li Fushu thought about it for a moment, and couldn't help but sigh that Luo Qihong's method was somewhat good. The equity premium of China Gas Company was too much, so it was better to get a premium from the property. This way, he could at least reduce some losses and have corresponding physical objects in hand. .
"What properties does Rosen intend to acquire?" asked John Madden.
At this time, Zhang Yuliang's expression changed slightly, and Luo Qihong noticed it.
Luo Qihong was worried that Zhang Yuliang would stop him, so he quickly said, "I want to take over a residential building owned by Wheelock Company in Plum Road, Plantation Road and Garden Terrace in Mid-levels. The value is about 200 million yuan. ."
"How much premium does Luo Sheng plan to pay?" Zhang Yuliang asked.
Although the Zhang Zhushan family controls most of the real estate companies under Wheelock Company, due to the family lawsuit from 1979 to 1981, Zhang Yuliang has planned to sell off most of the assets, evacuate Xiangjiang, and invest in Australia, so Zhang Yuliang was still a little hesitant.
If Luo Qihong can bid, he may not be able to take advantage of the opportunity to sell part of the property.
Luo Qihong thought about the reactions of John Madden and Zhang Yuliang, and smiled and said, "How about a 10% premium?"
Zhang Yuliang shook his head and said, "At least 20%! China Gas Company's equity premium is 50%, Ma What do you think of Mr. Deng?"
Zhang Yuliang's move seemed to be a bit disrespectful to John Madden, but John Madden didn't mind very much and replied directly, "I think it's okay."
Luo Qihong knew that if he refused, today's negotiations would be broken down. If the news leaked and attracted the tycoon Li Zhaoji, he would not be able to win over China Gas Company, or he would have to pay a higher price.
"OK! I accept the price, but I ask to sign a letter of intent today." Luo Qihong was worried that someone would get involved.
Zhang Yuliang suddenly felt that the asking price was too low. Seeing how anxious Luo Qihong was, it seemed that there would be no big problem if he asked for a higher price.
"Of course there is no problem. Before that, do we need to discuss which properties Luo Sheng wants to acquire and how to pay for them?" John Madden said with a smile.
“How about the Garden Terrace residential building at 8A Old Peak Road?” said Luo Qihong.
John Madden looked at Zhang Yuliang and asked, "What do you think, Mr. Zhang? The price is 190 million yuan, and with a premium of 20%, it will be 228 million yuan."
Zhang Yuliang moved his body. "Yes, the price is 230 million yuan."
"Towngas Company paid a premium of 50%, with a price of NT$1.041 billion, plus the NT$230 million of Garden Terrace Residential Building, for a total of NT$1.271 billion." Luo Qihong said seriously, "This amount I want to pay it in 3 installments within 6 months. The first and second installments are both 30%, and the third installment is 40%. Of course, the interest generated will also be paid, calculated as 8%. "< br>
“What do you two think?”
John Madden and Zhang Yuliang nodded in agreement.
In fact, the transaction was so smooth thanks to Li Fushu. With the loan from the Bank of East Asia, Zhang Yuliang and John Madden were not worried at all that Luo Qihong could not pay the money.
"Okay, since both of you have agreed, let's go and sign the contract later." Luo Qihong was impatient.
The closer it gets to this time, the more Luo Qihong is worried about 'Li Zhaoji popping up in the middle'. It has to be said that these famous tycoons from the previous life have a great influence on him, and they also put a lot of pressure on him. An hour later, Luo Qihong and John Madden signed a contract at the law firm, stipulating that Luo Qihong must pay the first payment within a week, totaling 381.3 million yuan.
In a private room of a restaurant in Central, Luo Qihong and Li Fushu discussed the next loan matter.
"Li Sheng, you have also heard what happened today. Can the 450 million yuan from Paramount Company's transaction be paid to me in one lump sum?" Luo Qihong asked.
Li Fushu pondered for a moment and said, "We need to go back and discuss this matter with the directors before we can reply to Luo Sheng. In any case, it is a large amount of 450 million yuan."
"Okay, then I'll wait for the good news from you, Li Sheng." Luo Qihong smiled slightly and said, "Li Sheng also knows that my premium this time is so high that I can't guarantee that the funds can keep up. Can I use 31% of the shares of Towngas Company and the garden?" Taiwan residential building loan according to the market price? "
Li Fushu said in a dilemma, "I will try my best to help Luo Sheng. The Board of Directors of the Bank of East Asia may not agree, but I will at least get 80% of the market price for you, Luo Sheng. Loan. "
Luo Qihong nodded, now he can only believe Li Fushu.
If the loan is based on 80%, Luo Qihong can probably get a loan of 710 million yuan. Add in the 450 million yuan from Paramount Company, which is 1.16 billion yuan, which is still 1.16 billion yuan. 11 million yuan.
Therefore, Luo Qihong planned to take advantage of the time difference in payment and make a fortune, at least to make up for the gap of 111 million yuan.
Zhaoan Real Estate Company Office
Luo Qihong and Guo Zhiren, the director and general manager of Yongan Co., Ltd., were sitting on the sofa. The two were chatting happily, as if they were familiar old friends.
In fact, the two of them had just met, and Luo Qihong had never even heard of Guo Zhiren's name before.
But Luo Qihong has heard of the famous Yongan Group Company and Yongan Department Store, and Guo Zhiren is the third generation of the Guo family in Yongan Group. Although he has little power, he has a strong voice.
The most famous one under the Wing On Group is Wing On Department Store, one of the four major Chinese-owned department stores in Hong Kong. It is the second-ranked Chinese-owned department store. It is above Luo Qihong in terms of qualifications and financial resources.
Moreover, Yongan Group has many industries, such as real estate, banking, insurance, etc., and each industry cannot be underestimated.
"Luo Sheng, this visit is for the rights and interests of Fudu Hotel. Yongan Group plans to acquire 40% of the rights and interests of Fudu Hotel held by Zhaoan Real Estate Company at a high price. I wonder if Luo Sheng can fulfill it?" Guo Zhi Ren asked with a slight smile.
Luo Qihong did not expect that Guo Zhiren came here for the rights and interests of Fudu Hotel, and guessed that Yongan Group wanted to take the opportunity to merge the hotel.
Fudu Hotel is adjacent to Wing On Department Store on Nathan Road, Yau Ma Tei. It covers an area of 16,000 square feet and has a floor area of 144,000 square feet. If it is merged by Wing On Group, it will give Wing On Group at least 200,000 square feet. of rental area.
However, Fudu Hotel is not absolutely necessary for Yongan Group. After all, Yongan Department Store already has enough floor area to display, and they just want to maximize profits.
"Oh! Mr. Guo, please quote a price first, and I will discuss it with the directors later." Luo Qihong didn't know how high the price Guo Zhiren meant, so he didn't say too much.
“21 million yuan, how about it?” Guo Zhiren said with a smile, “It’s already a 20% premium. Luo Sheng is a veteran in the real estate industry and should be aware of the current market conditions. In the past, the premium was 20%. Of course it is normal, but the current situation in the local market is unpredictable, and no one dares to pay too high a premium."
"Is Yongan Group thinking of merging and rebuilding? Now is indeed a good time, if Guo Shengneng can. If it goes up another 5%, we can trade immediately," Luo Qihong said plainly.
Guo Zhiren knows that the merger cannot be hidden from anyone, especially a real estate powerhouse like Luo Qihong. The premium he received before coming was no more than 30%, so a 25% premium would not be a big problem, but he did not want to pay a premium. Too much, but I am worried that Luo Qihong will raise the price again during the second negotiation.
(End of this chapter)