Chapter 1138: The Huge Pit of Latin American Sovereign Debt (First Vote)
Xia Yu's gaze swept over Wu Siyuan and Jiang Zhiqiang's faces.
He smiled and asked, "How much cash flow do you have in your respective companies now?"
Wu Siyuan replied first: "Alien Eยท The box office share of "T" has not yet arrived, in addition to this, the company still has more than 230 million Hong Kong dollars in its account. โ
Jiang Zhiqiang then said: "Chairman, the cash flow of Universal Cinemas is more, and the same excludes "Alien Eยท T" box office revenue, and more than 410 million Hong Kong dollars in cash. โ
From the cash flow of the two companies, it can be seen that it is too difficult for other competitors to fight.
Xia Yu said with a smile: "It seems that each of you can complete the acquisition." โ
Jiang Zhiqiang nodded and replied: "Yes, although the net assets of Shaw Brothers Cinemas have not been carefully calculated, it is probably more than 100 million Hong Kong dollars, and Universal Cinemas can easily eat it." โ
Wu Siyuan continued: "Shaw Brothers Film and Television City, Shao Yifu will definitely not take it out and sell it, he still has to use it to make TV series, after excluding the film and television city, the value of Shaw Brothers Film Company is even lower, and the main value is concentrated in intangible assets such as personnel, after this loss, I estimate that about 50 million Hong Kong dollars can take down the entire Shaw Brothers Film Company." โ
Xia Yu smiled and advised: "Since you all have a plan and have so many benefits for the company, then do it." โ
"Compared with Golden Harvest Film Company and other competitors, if you want to acquire, you will pay more price, and you should pay more attention to specific acquisitions. โ
"We get it!"
Wu Siyuan and Jiang Zhiqiang responded in unison.
......
Just when public opinion in Xiangjiang was dominated by the change of ownership of the Shaw Brothers film empire.
What the people of Xiangjiang don't know is that Xia Yu has completed another big thing in the global film market.
On June 25, Coca-Cola, with the financial support of Citibank and Wells Fargo, completed a full-scale acquisition of Columbia Pictures Industries, one of the Hollywood giants, at a premium of $750 million.
As soon as the news was announced, the already turbulent American film industry set off another huge wave.
Because of the equity treatment, on the surface, Polaris Capital Company is only a shareholder of 13% of Coca-Cola's shares, so others do not know that Xia Yu's influence in Hollywood has surpassed Warner Bros. Pictures and ranks first!
After the previous MGM Pictures merged with United Pictures, the eight giants of Hollywood have actually become the seven giants.
Now two of the seven giants are de facto controlled by Xia Yu.
With the support of MGM Pictures and Columbia Motion Pictures, Universal Cinemas and Galaxy Pictures will get better and better!
In the midst of the hustle and bustle of the outside world.
Xia Yu quietly came to his Galaxy Fund Company.
Since the last time he led the Galaxy Fund to fight in the international crude oil market, it has been a long time since the Galaxy Fund had a super-large-scale war.
Although the actions of Galaxy Fund are still more dangerous and more profitable than those of Bright Fund, Jiuding Securities and other companies.
However, Liu Zhen and others can't raise their passion, and even for the kind of investment of hundreds of millions or billions of dollars, they can achieve no fluctuations in their hearts and absolute calm.
It's like seeing Mount Everest, and then looking at other peaks, it's hard to be provoked by visual nerves.
"Boss!"
"Boss!"
In greetings all the way, Xia Yu came to his own office, and then summoned a group of high-level executives of the Galaxy Fund.
Liu Zheng, Xue He, Song Yang, Li De, Tang Yong, Ma Kai, Wang Gang, Liu Wei and others.
After everyone arrived, the atmosphere in the office gradually warmed up.
Xia Yu's gaze swept over everyone's faces one by one, and Xia couldn't help but be a little distracted.
I still remember that when the Galaxy Fund was established in a low-key manner, in his opinion, these people still have a lot of room for improvement, and many of them seem to be a little immature and have many shortcomings.
But what about now?
Everyone's mental state is excellent, full of energy, deep eyes and perseverance, and that kind of steady, shrewd temperament is completely exuded from the inside out.
This means that everyone is very confident, which is a clear manifestation of the absence of panic in ability.
Xia Yu came back to his senses, showed a smile, and exclaimed: "Seeing everyone's state, I am relieved about the next action!"
Hearing this, Liu Zhen and the others couldn't help but smile.
"This time, I will lead everyone to act again and create new brilliance!"
"As for the goal of action, you must have guessed it based on the tasks I assigned to you before. โ
"So I won't say much nonsense, let's just look at the information in our hands, and then discuss it together. โ
"Liu Wei! Send all the materials that have been sorted out. โ
"Okay!"
After Liu Wei answered, he got up and handed out Xia Yu's two stacks of thick materials to everyone one by one.
These materials, except for Xia Yu who have read them once, have not read all of them, but only understand part of the situation, and this time, they will understand them in an all-round way.
After getting the information, Xia Yu didn't speak, and directly took the lead in opening the information and browsing it.
For a moment, the only sound left in the office was the sound of breathing and paper flipping.
These materials were collected by Xia Yu with huge manpower and material resources, and they are detailed information about the debt markets of developing countries around the world.
The outstanding external debt of developing countries soared from $125 billion in 1972 to $626 billion in 1982.
Among them, the outstanding debts of 19 Latin American countries, including Mexico, Argentina, Brazil, Chile, Colombia, Peru, and Venezuela, totaled $328.7 billion.
It accounts for 52.5 per cent of the outstanding external debt of developing countries.
More than half!
By the end of 1981, banks in Latin America and other countries accounted for 41 percent of bank loans in the United States alone, and these loans were highly concentrated in the hands of a few large banks, of which 24 banks controlled more than four-fifths of the loans.
However, the proportion of loans from banks in Europe and other countries to Latin American and other countries is even higher, as high as 48 percent, or $157.7 billion.
In the bank loan market of European countries to Latin America, Britain accounts for the largest proportion, accounting for 24.8 percent of Europe's share, nearly a quarter, and even in the outstanding debt of Latin American countries and other countries, it accounts for more than 10 points, reaching 11.9 percent, or $39.2 billion.
And these loans are concentrated in the hands of Barclays Bank and National Bank of Westminster, and Barclays Bank alone accounts for 34.9 percent of the British share, with a total debt of $13.68 billion.
The amount of debt in Latin American countries is also graded.
The first echelon is Brazil, Mexico, Argentina, Venezuela and Chile.
Among them, Brazil's external debt balance is $91.3 billion, Mexico ranks second with $87.6 billion, Argentina ranks third with $43.6 billion, Venezuela ranks fourth with $35.6 billion, and Chile lasts at $17.16 billion.
The total external debt balance of the five countries together reached $274.7 billion, accounting for 83.58 percent of Latin America's total external debt.
By the beginning of 1983, the amount of principal and interest due was at most $43.1 billion for Mexico, $30.8 billion for Brazil, $18.4 billion for Argentina, $19.9 billion for Venezuela, and $8.6 billion for Chile.
The debt service ratios (i.e., the repayment of principal and interest on foreign debts) to export earnings of the five countries are 126 percent, 117 percent, 153 percent, 100 percent, and 109 percent respectively.
All of them are well above the internationally recognized warning line of 20 percent for debt service ratios.
......
PS: I'm sorry, it's late to check the information, which leads to a very late update.