Open business day-to-day

Chapter 512 Expansion
Another goal is the Amman Hotel. Lin Rui has lived in Yangyun Amman in Shanghai, and he has a very good impression. It is said that 50 ancient Huizhou house courtyards in the Ming and Qing Dynasties were specially rebuilt from Jiangxi.

50 Ming and Qing ancient houses were restored by craftsmen into 26 houses, which are scattered in the hotel covering an area of ​​10 hectares. Each house is composed of lawns and trees, and has a unique gardening landscape.

Moreover, water lilies and lotuses are all planted on the ground, reflecting the ancient trees.

The more well-known ones are Hangzhou Fayun Aman Hotel, Imperial Palace Summer Palace Aman...

As a small but beautiful global top hotel brand, Lin Rui has a lot of recognition for Aman.

At present, there are 5 Aman hotels in China and more than 30 in the world. In 2012, HNA Group almost bought a majority stake in Aman for US$4.9 million, but finally gave up.

Aman has developed well in the world over the years, but its debt ratio is also very high, and its net assets are only more than one billion US dollars.

For example, Aman Yangyun in Shanghai has a total investment of 36 billion yuan, most of which are raised from the market for construction funds through the issuance of bonds.

Aman's own financial strength is not strong.

Lin Rui estimated that US$20 billion should be able to fully acquire Aman Hotel.

In the future, after the acquisition of these hotels is completed, the Tianxia land reclamation project will probably be completed. So many artificial islands and beautiful scenery can develop tourism.

Aman Hotel, Crowne Plaza, Intercontinental Hotel, Holiday Inn... These industries under the name of Star Technology Group can all invest in Tianxia to help Tianxia's tourism development.

……

As for the aviation industry, it has already been delivered to the door without Lin Rui's hand.

Since the HNA explosion, several major state-owned banks have been worrying about how to dispose of HNA assets, recover loans, and reduce bad debts.

On the other hand, the appeals of the Qiongzhou Provincial Government and the major banks are different. The purpose of the major banks is to reduce losses. They don’t care whether they dismantle HNA, sell it, pack it up or shred it.

As long as the loan can be recovered and bad debts can be reduced, other things have nothing to do with them.

The Qiongzhou Provincial Government is different. It wants to preserve some high-quality assets as completely as possible.There are few high-quality local enterprises in the first place, and they are sold out after being dismantled.

There are not many domestic companies with the strength and qualifications to take over HNA. Most of them are state-owned enterprises. After all, the total assets are in the trillions and the debts are 8000 billion.

There is only one person who can easily take over.Banks are not afraid of not being able to recover their loans, and the Qiongzhou provincial government does not have to worry about HNA being dismantled and sold off.

This person is Lin Rui. As the richest man in the world, his wealth makes people look up to him. HNA's terrible debt may not be a big deal to him.

This is what happened when Qiongzhou and several major banks disposed of HNA assets in early 2021.

It's just that it's a pity that other than the relatively high-quality aviation industry, other Lin Rui really don't like it.

Doing too much and too complicated. Except for the aviation industry, every development is not very good. Lin Rui will not take over the offer and find work for himself just because of this high-quality aviation asset.

Even if he could make money, it would be too troublesome, and he was not short of those three melons and two dates.

That's all there is to it.

No state-owned enterprise is willing to take over HNA as a whole, and no domestic private enterprise has such strength except Lin Rui.

As a result, HNA was inevitably split up, and some messy assets were sold off one after another, and some high-quality assets naturally had no shortage of takers.

The bank tried its best to recover the loan, and Qiongzhou tried its best to preserve some high-quality assets and keep them in the local area.

By the second half of last year, most of the assets had been disposed of, leaving only some core high-quality assets including the aviation industry, which aroused the interest of many domestic companies.

In the end, the private enterprise Liaoning Fangda Group had the last laugh and decided to take over Hainan Airlines at a price of 410 billion yuan.

With the impetus of several major banks, this matter was almost signed, but Qiongzhou was still unwilling.

Fangda Group's total assets are only about 700 billion yuan.

After the split sale, HNA still has nearly 3000 billion core assets, although it still has 2000 billion liabilities.

But this behavior of snake swallowing whale is obviously not welcomed by Qiongzhou.

After Fangda acquired HNA, how much energy he had left, how many times his own debt could be doubled in an instant.

The local government of Qiongzhou believes that it is too dangerous to swallow the big with the small, and Fangda will not be able to spend much capital to develop HNA and expand local investment.

If you don't pay attention, what should you do if you follow the old path of Shanghai Airlines with such a high debt?
Could it be split again and sold again?

They can't stand such a toss, otherwise, it will be difficult to find even a high-quality company in Qiongzhou in the future.

If there is no choice, someone will take the offer, grit your teeth, and accept it.

However, after being rejected by Lin Rui at the beginning of the year, they were disappointed and couldn't help but explore further reasons.

The Xingkong Technology Group, which is rich and generous, is definitely the perfect company to take over HNA in their minds. Why did they refuse?

Although HNA has a high debt ratio and high total assets, with net assets of 3000 to [-] billion yuan, it went bankrupt only because of its rapid expansion, coupled with the fact that banks have shrunk money in recent years, and the capital chain has broken.

The enterprise itself is not bad among the major private enterprises in China.

As long as you have enough capital to take over the business and manage it well, it will not be a problem to make a lot of money.

Later, after some hard work, I finally found out that Lin Rui disliked HNA's business for being too complicated and troublesome, and he was too lazy to earn the hard money.

Only interested in the core aviation industry.

While making complaints about Lin Rui's wealth, his eyes lit up.

Today, HNA has been dismantled and sold, leaving only the core industry headed by the aviation industry, which is quite in line with Lin Rui's requirements. Will he be interested?
From any perspective, Xingkong Technology Group's takeover of HNA is more promising than Fangda's takeover.

Not to mention other aspects, at least Lin's richest man is rich and powerful, and he is arrogant, and if there is a little leak in his hand, it is enough for HNA to eat.

In the hands of Lin's richest man, HNA may rise again and become the economic pillar of Qiongzhou and the face of the whole province.

So, they dragged this matter along, never let Fang Da take over, and contacted Lin Rui through various channels.

In the second half of last year, Lin Rui was busy cashing out US stock assets and didn't have much energy to pay attention to the country. After learning about this, he sent a negotiating team.

I didn't worry about it anymore.

For him, this is really not a big deal, at most tens of billions of dollars.

Never thought, he doesn't care, but the Qiongzhou provincial government really cares.

Recently, with the strong efforts of the provincial government, a deal was finally reached.

When the bank heard that Lin Rui took over, it was also happy.This is the real rich and powerful, only 2000 billion. HNA's debt is not in the eyes of others at all.

As long as Lin Ruiken takes over, not to mention that the 2000 billion loan does not have to be repaid, but how much more you want to borrow next, just say the number, and the bank will lend it immediately.

For Lin Rui, funds have never been a problem, and the loan is also a bank asking him to borrow money.

There is no way, both strength and reputation are too high-quality, and such high-quality customers are hard to find with lanterns.

Banks have always been icing on the cake rather than giving them a helping hand.

"Umbrellas for sunny days, umbrellas for rainy days" is not a joke.

In the end, Lin Rui didn't let the transaction party suffer, and offered a generous price of 450 billion.

After the wholly-owned acquisition of HNA, another 200 billion US dollars will be injected to reduce HNA's debts and help it develop again.

……

In this way, coupled with Zhongyuan Airlines’ capital increase and share expansion some time ago, Star Technology Group injected another 500 billion yuan to increase its equity to 64%, which can be regarded as the completion of its layout in the aviation industry.

In this way, select some domestic and international high-quality traditional service and consumer companies to acquire.

Starry Sky Technology Group's layout in the hotel, aviation...traditional consumption and service industries has laid a good foundation.

At the same time, the three major directions of Lin Rui's future expansion have also been determined, heavy industry, mining industry, and traditional service consumption industry.

These will all become the directions for the diversified expansion of Xingkong Technology.

(End of this chapter)