Chapter 407: Emergency Stop
Chapter 407: Emergency Stop
Chapter 407 Emergency Stop
"Mr. Hu, the matter of our Xiangjiang debt issuance is yellow, and I don't know if the villain is behind it. Hey, seeing that I want to sign a contract with Hyundai, who would have thought that such a thing would happen? I have to hurry to the bank and think of a way, hoping that it will be in time. ”
Liu Jin is grateful for Hu Yang's efforts, and the bond issuance was urgently halted, and in addition to the villains, the company's own high debt ratio is the main problem.
He and Hu Yang have a tacit understanding and have never mentioned the debt ratio, in fact, they are all lucky. Now is not the time to find out who is complaining, finding a way to raise money is the priority.
"Mr. Liu, sit down first, let's not panic ourselves. ”
Hu Yang found that Liu Jin's mentality had collapsed a little, what is the use of going to the bank now? If people were willing to take out loans, they would not have agreed earlier?
Since the bank didn't agree before, if you go to them now, you still won't agree.
"Hey, I also know that there is little hope for finding a bank, but it's better than doing nothing, right? Mr. Hu, I'm sorry, but I failed to live up to your trust and didn't do a good job in the enterprise. ”
Liu Jin only had a deep sense of powerlessness at this moment.
"It's not that serious, and Mr. Liu shouldn't think too much. I have an idea, now that we haven't signed a contract with Hyundai, why don't we make some changes ourselves?"
As Hu Yang narrated, Liu Jin's eyes were full of hope.
The issue of bonds is yellow, but there are other financing channels. In fact, Hu Yang's Huijia International Investment is a big financier.
However, it is not appropriate to borrow money directly from Oriental Technology, not to mention the question of when to repay, and in the future, enterprises will encounter the problem of high asset-liability ratio when applying for the issuance of H shares.
Just the current asset-liability ratio of Dongfang Technology has been seized by people with intentions, and if you continue to borrow money, isn't the asset-liability ratio more terrifying?
Hu Yang means that Huijia International Investment and Oriental Technology will form a consortium, and Huijia International Investment will come forward to sign a contract with Hyundai.
The funds for the acquisition will be provided by Huijia International Investment, and after the completion of the acquisition, this part of the TFT-LCD assets will be handed over to Dongfang Technology in the form of escrow for operation.
"Of course, if it is a trusteeship, Dongfang Technology will definitely have to pay a certain fee to Huijia International Investment. ”
Hu Yang's meaning is that Huijia International Investment will come forward to acquire Hyundai's TFT-LCD business, and then hand over this part of the assets to Dongfang Technology.
The profits generated from the operation are subject to a fixed fee to Walker International Investment every year, similar to a lease fee.
After this breath of relief, Dongfang Technology can go to Xiangjiang to apply for the issuance of H shares.
"That's a good idea, but it shouldn't be too expensive. Why don't you pay for each year with reference to the interest rate of corporate bonds?"
Liu Jin knew that Hu Yang was not greedy for this custodian fee, which was called "saving the country by curve", which was essentially the same as the issuance of corporate bonds.
"Well, after the acquisition is completed, let's sign an escrow agreement, sign an acquisition commitment, and everything will be fine. ”
This is a matter between two companies, and it is not to be sloppy at all, otherwise a good thing can turn into a bad thing. After all, Dongfang Technology is a listed company, and the procedure must not be ambiguous, lest others think that you are engaged in insider trading.
The two quickly reached an agreement, and Liu Jin did not waste any time and hurried to communicate with the representatives of Hyundai.
Waiting for modern companies to figure out the capital chain of Huijia is equivalent to figuring out the fact that Huijia International Investment is essentially an affiliated company of Oriental Technology.
The other party was not embarrassed by Liu Jin, and promised to ask the head office for instructions.
During this time, Hyundai Company was on the verge of breaking the capital chain, so why sell its TFT-LCD assets?
Of all the negotiators, Dongfang Technology made the highest bid, reaching $350 million. Now that the acquisition subject has been replaced by an affiliated company of Dongfang Technology, the purchase price remains unchanged, and the debt-ridden Hyundai Company finally agreed.
Three days later, Xia Bing flew from Xiangjiang to the imperial capital and took Zhao Ziliang and Liu Jin to attend the signing ceremony.
Walkers International Investment successfully acquired Hyundai's TFT-LCD business for US$350 million, including all intellectual property and sales channels, fixed assets and all the team.
"Mr. Hu, Mr. Xia, I want to toast you a few glasses! This time, without your financial support, the acquisition will become an empty word.
In fact, this acquisition was also a fluke, and the original Jiandu company, which had been fighting against me, repeatedly used fraud in the negotiation process with Hyundai, and finally was not only confiscated of the deposit, but also fined $10 million by the court.
Excluding Camdo, we were the best bidder, about $18 million above the second-place finisher. This is the main reason why Hyundai finally agreed to change the acquisition entity. ”
On the evening of the day of the signing, Liu Jin held a celebration banquet at the Wangfu Hotel.
Prior to signing the contract with Hyundai, Walker International Investment signed an asset custody agreement and an acquisition commitment with Dongfang Technology.
After the successful acquisition of Hyundai's TFT-LCD business, Huijia International Investment decided to entrust all assets (including intellectual property, production equipment, teams, sales channels, etc.) to Dongfang Technology for operation.
During the custody period, Dongfang Technology pays a fixed profit of 15 million US dollars to Huijia International Investment every year, and all production and management costs are borne by Dongfang Technology.
Dongfang Technology promised to repurchase this part of the assets within three years, and the repurchase price was not less than 350 million US dollars.
For Populus Hu's arrangement this time, Liu Jin is not only grateful, but also admires the five-body throwing.
The financing problem of Dongfang Technology was solved so simply, and the acquisition was not delayed at all.
"Mr. Liu, cheers! I heard that this Jiandu company is a company in Baodao? This guy does something harmful to others and himself. In fact, I also understand why the other party is doing this, they also make display devices, in a word, they don't want Dongfang Technology to obtain advanced technology!"
For this Jiandu company, Hu Yang is powerless to complain.
It's normal to have competition in business, but what's the matter with your false offer? That's what the previous Jiandu company did, quoting a high price, and the Hyundai company wanted to sign a contract with him, only to find that the other party had no sincerity to buy it at all.
Hyundai took Camdo to court in a fit of rage, and in the end, Camdo's millions of dollars in deposits were confiscated and $10 million fined.
Of course, this was all before. If it weren't for Liu Jin's drinking a little too much today, he wouldn't have mentioned this matter.
"Mr. Hu, everyone eats and drinks well tonight, and I will talk to you about business tomorrow. ”
Liu Jin also realized that he had too many words, so he excused himself to be in a hurry, put down his wine glass and went to the bathroom.
"Mr. Hu, I listen to Mr. Liu, does he still want to go to Xiangjiang to continue to issue bonds? It is okay to continue to issue bonds, we have acquired the assets of HYDIS and handed them over to Dongfang Technology for trusteeship, and their asset-liability ratio will soon drop some. ”
Xia Bing had always felt that this business was not cost-effective, investing 350 million US dollars, and only 1,500 US dollars per year?
However, Hu Yang later explained to her the importance of this acquisition to the entire domestic display device industry, so she did not continue to say anything.
"Mr. Xia, I may have to go back to the deep sea soon, and this time I came out to stay in the imperial capital for a short time. In the subsequent handover work, you will arrange manpower to deal with it, and Mr. Liu will send professional and technical personnel to cooperate. ”
Hyundai promised to hand over all the assets of HYDIS to Walker International Investment at the end of the month, which required someone to take over.
Xia Bing nodded, and the two stopped talking.
The celebration lasted until 9 p.m., when Hu Yang and the others returned to the hotel.
"Mr. Hu, I'll go back to the room and take a shower first, and I'll talk to you later. ”
Xia Bing and Hu Yang were not on the same floor, she first smelled of alcohol, so she went back to her room to take a shower and change clothes, and then went to Hu Yang's room.
At this time, Hu Yang had also taken a bath and was drinking the sobering tea that Lin Yan didn't know where to get it.
"Mr. Xia, come, sit down and have a cup of tea first. ”
Hu Yang pointed to the other teacup on the coffee table, which Lin Yan had prepared for her in advance.
"Mr. Hu, I still suggest building a building that belongs to us in the imperial capital, just like the investment building of the deep sea and the international building of the magic capital. ”
Xia Bing is right, there is also Huijia Holding Building in Yangcheng.
At present, Huijia is one of the four super first-tier cities in China, three of which have their own five-star office buildings, and it is true that the imperial capital should not be the only one.
"Well, I've been thinking about this question lately, let's build a mansion in the imperial capital. In this way, you transfer another $500 million from the head office of Xiangjiang to the account of the Beijing company, of which $350 million is paid for the acquisition and $150 million is ready to build the Huijia International Investment (Kyoto) Building. ”
In fact, Hu Yang decided to invest in a building in the capital a few days earlier, and the location was considered, and it was built in the CBD business district of the capital.
Therefore, as soon as Xia Bing talked about it, he decided to invest in the construction of the Kyoto Building.
At the beginning of the establishment of Huijia International Investment (Beijing) Company, Hu Yang authorized Xia Bing to call 100 million US dollars from Xiangjiang, and now he has transferred another 500 million US dollars, and there will be no shortage of funds here in the short term.
Previously, Walkers International Investment had HK$442 million (HKD account) and US$6.396 billion (USD account) on its books.
Populus euphratica invested in the Konkola copper mine in Zambia and paid $400 million. 600 million US dollars were transferred to the Beijing company, and 53.96 US dollars (US dollar account) and more than 400 million Hong Kong dollars (Hong Kong dollar account) were left in the account of Huijia International Investment.
The funds invested by Walkers International are still very abundant.
"Okay, I'll do these things tomorrow. Mr. Hu, do you think Zhao Ziliang is qualified to be the manager of the Beijing company?"
Xia Bing has become accustomed to Hu Yang's style of acting, and she is not surprised that the office building project with an investment of hundreds of millions of dollars will be made when the decision is made.
Hu Yang nodded with a smile and said, "Manager Zhao's ability is still good, I think he is fully qualified for this position." However, because he is a native of the capital, I think the corresponding supervision mechanism should be strengthened, do you understand what I mean?"
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