Chapter 578: Lack of Money
In the next few days, Zhou Shi had almost no time to rest, let alone exchange body fluids with Liu Feifei, and the goddess left Xiangjiang hatefully, and he didn't care. AIG, which can give anything for money, saw that Zhou Shi was willing to satisfy himself financially, and he was also rare and generous, and made compromises on many issues. This includes that if there is an audit issue, neither party is responsible. The only requirement is the speed of the arrival of funds, which must arrive at the same time as their IPO this year at the latest.
"When will they transfer the shares and transfer the management of the company?" Zhou Shi
"This is very complicated, the IPO is about to be, and they also have to look at the IPO financing, and at this time, the revision of the IPO documents may delay the IPO time, so the situation of this transaction is very complicated. "Hu Group Niu
"I want to know, if there is an accident, such as their temporary reversal, how to ensure that our interests are not lost, such a large amount of money, even if it is used by them for a few months, it is a very big loss for us, if we can't eliminate these risks, then don't trade. "Zhou Shi, it's not that Zhou Shi really wants to give up, but to test the other party's bottom line again.
"Don't worry about that, we still have time to negotiate the specifics after they submit the IPO documents. However, if the valuation of AIA's listing is too high, AIG may regret it. "Hu Group Niu
"The valuation of the listing is too high? This is a problem, is there any way to think about it?" Zhou Shi
"We have an agreement that both sides will keep this transaction confidential...... "Hu Guniu
"Oh, what agreement do we have now?" Zhou Shi
"After the AIA IPO, we bought 30.88 percent of AIA shares for $10.1 billion and put us on the board. After the approval of the regulatory authorities in various countries and the transaction is completed, the funds we deposited with the third-party insurance company will be transferred to the account of AIG, and they will cooperate with us to obtain control of the company, and after the success, we will compensate them for an additional $300 million in service fees within half a year. The rest is up to us. However, AIG still has restrictions and we cannot directly participate in this IPO. "Hu Group Niu
"Oh, that's the equivalent of $33.6 billion, but the key issues now are funding and AIA's listing valuation. They may temporarily raise the offer, isn't that tricky?" Zhou Shi
"That's right, but it also requires the IPO price to go beyond a certain range, and if the offering fails, they will have to pay us at least a billion dollars in shares." Hu explained
"That's okay, can we use the shares that haven't arrived in the bank to raise money?" Zhou Shi
"Before the IPO price range is determined, AIG will not sign a guaranteed contract with us, and without the contract protection, the bank will not give us a mortgage. If we wait until AIG determines the IPO price, it may be too late in terms of time and procedure. In addition, if this cooperation cannot be reached due to financial problems, we will compensate them with one billion dollars. "Hu Group Niu
"That is, we are going to send a billion dollars to a third-party insurance account now?" Zhou Shi
"Yes, if we can't raise $10 billion during this time, we will lose at least $1 billion, not counting the efforts we have put in for it......" Hu Guniu didn't know where Zhou Shi raised the funds from, Galaxy Capital has already paid a lot to acquire Meibang Securities, and it is unlikely that a huge amount of money will be withdrawn again.
"What about mortgage stocks and overseas loans?"
"It's already talking, but if we don't return it on time, it will be a big problem for us. Hu Group Niu stressed, but who does not know the harm of mortgages.
"Sell both SMIC and Datang Telecom. "Zhou Shi, the state's loans can be blocked, but there is no problem with its own funds leaving the country. These two companies are not of much use anyway, and it is better to cash out. Especially this time, due to Zhou Shi's intervention, the development of the TD industry is much better than in the previous life, Datang Telecom has a lot less moths, and the turnover and profit margin are much higher. The market capitalization has soared more than 6 times from the lowest point, and even from the entry price of the Four Elephants Fund, there has been an increase of 4~5 times. Unigroup's investment is a big profit, and its overseas expansion has been greatly boosted. Perhaps they attributed the development of Datang to Ziguang Zhao Weiguo and recognized his ability. After all, no matter how powerful Zhou Shi is, he has never achieved such an intuitive performance as increasing the market value of a company by 6 times. SMIC benefited from the improvement of the market and reached a settlement with TSMC, and the market expectation is very high, and the market value increase in the Xiangjiang market is 2~3 times higher than that when it exited in 09. If both companies cash out, then the revenue of one billion dollars is still worth looking forward to.
The other assets of the Sixiang Fund also include Huiyuan juice, but unfortunately it was delisted not long ago, and he borrowed a lot of money when it was four trillion yuan, which was difficult to support his development at this time. There were a lot of people staring at him over there in Lao Fengxiang, and although the news of Zhou Shi's direct entry into the stock market was not leaked, someone still warned Zhou Shi in private. Moreover, his first decision was to use the surplus funds to buy gold, take out loans to expand the speed of development, start with the management system, streamline the administrative staff, increase the position of designers in the company, and invest more resources in design and marketing. In short, a good old Fengxiang under his remote control, was tossed in a miasma, fortunately the price of gold rose, coupled with the trust of the capital market in him, as well as the protection of the Sixiang Fund, Lao Fengxiang's stock did not fall much, after he entered the market directly, there was a lot of gain. But if the funds are withdrawn from Lao Fengxiang, it is simply a joke, giving people a handle.
In addition, there are Ningde New Energy ATL, Geke Micro, Spreadtrum Communications, Evergrande Real Estate, SAIC, etc., needless to say, those few high-tech companies that are not listed, Zhou Shi also wants to continue to increase investment and expand their own advantages, and now they will definitely not move. Evergrande Real Estate's share price is now less than HK$3 per share, with a market value of more than US$5 billion, and the Four Elephants Fund has invested some of its funds, reaching 4.99 percent in Evergrande. Even if all of them are sold, it will only be 2~300 million US dollars, which has nothing to do with the overall situation. However, the market value of Sixiang Fund's holdings of SAIC has reached 20 billion soft sister coins, and even if the mortgage loan is 50%, it is about 1.5 billion US dollars. Oh, and Geely Automobile, which holds about 5% of Geely's shares, although the stock price has tripled since it became a shareholder, and it is only about one billion Hong Kong dollars.
"In this way, we mainly cash out Datang Telecom and SMIC, and use SAIC's shares as collateral. "Hu Group Niu
"Well, if the loan ratio can be a little higher, and the discount on the transferred shares is a little smaller, we still have no problem getting together $3 billion. "Zhou Shi
In fact, the Four Elephants Fund has cashed out more than one billion US dollars from the domestic and Xiangjiang stock futures markets, which is already very good, and the stock market activity at this time is not high. Some of the shareholding ratio is too high, but also need to be publicized in advance, which takes time, if the funds of the Sixiang Fund are misappropriated, more than 3 billion US dollars can be effortless, but the violation is not the same as the violation, the violation of the maximum penalty money, the trouble of breaking the law is difficult to define, if someone is eyeing him, the consequences may be unimaginable. All in all, the Four Elephants Fund is not without money, but there is no reasonable and legal money that can be quickly cashed out.
Hu Guniu, Yuan Tianfa and others were busy raising money, and Zhou Shi returned to China to seek policy support, and by the way, he found ways to make the acquisition easier. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.