Chapter 294: Left Hand for Right Hand

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When he flew from Shanglin Yuan to the headquarters of Phoenix Company by helicopter, Guo Shouyun saw from the sky the wreckage of the World Trade Center, which had been mostly cleaned up. The hideous steel bars and the blackened buildings are still telling the tragedy of the disaster. Although the distance between the two sides is hundreds of kilometers, the impact of the scene visible to the naked eye is far greater than the same content on the television screen.

"Whew!"

Guo Shouyun took a deep breath. Although such a scene has nothing to do with him, his heart is still a little complicated.

"Boss, I've heard that the president has been authorized to use force against Afu Khan!" Wendy, who was sitting next to her, also looked at the wreckage of the World Trade Center, said.

Guo Shouyun nodded, "Expected!"

"By the way, stimulated by the war, oil and gold have started to rise again. Stocks and bonds of arms companies such as Boeing, Lockheed Martin, Raytheon, and General Dynamics have all risen to varying degrees. ”

"Zhang Shaoling, I'm afraid they can't close their mouths with joy now, right?" Guo Shouyun said with a smile.

"Well, if the war can last for three months, then the Thunder Fund's investment in it can increase by at least 30%!" Wendy said with a smile on her face.

After nodding slightly, Guo Shouyun didn't say much about it. Because except for him, I am afraid that no one in the world believes that with the strength of the United States, the rich Khan has been in a stalemate for 16 years without success!

The helicopter landed on the roof apron of the Phoenix office building.

"Boss!"

William Chang came up with his secretary.

"Have they all arrived?" nodded and asked.

"It's all here, now in the conference room!"

"Well, let's go!"

After a brief exchange, the group hurriedly went downstairs to the office area of the Phoenix Building. Behind pushing open the glass door of the conference room. Rebecca Mark with her team, Michael Moretz with Phoenix Capital's team have been seated here on the left and right.

"Boss!"

“BOSS!”

After his majestic gaze quickly swept away from everyone, Guo Shouyun waved his hand at everyone.

"Time is precious, so we won't say more polite words, and then let's go straight to the topic!" After a pause, "Michael, you are the CEO of Phoenix Capital, how much capital can Phoenix Capital use now?" I mean the PE department!"

"We don't have a lot of liquidity. If you raise money, you can come up with about $800 million!"

"$800 million!"

Guo Shouyun nodded, and his eyes turned to Rebecca Mark next to him.

"Rebecca, are you ready for the list of companies with rectification value that I asked you to collect?"

"It's ready. At present, there are 153 loss-making enterprises with rectification value under Enron Pacific, involving 32,300 employees, involving 37 industries such as papermaking, wood processing, and mechanical processing, with total assets of 17.9 billion US dollars. … This is a simple profile of these companies, and the more detailed information has been compiled into a book and is currently in the company's safe. ”

After taking the information handed over by Rebecca Mark and flipping through it, Guo Shouyun's face showed a look of satisfaction. You can come up with this information in less than a week, and although Rebecca is very familiar with the internal Enron factor, it can also be seen that she herself is highly efficient.

"Have you picked out the major loss-making projects?"

The Azuricos water business, the gas pipeline business in Colombia, Mozambique and Bolivia, the power plants in Dabor, India, Cuiabá, Brazil, and Teesside in the UK, the Cape Town Paper Mill, the Kolit Steel Manufacturing Company, the Thai NSM Steel Company, and the Enron fiber optic communications network was temporarily integrated into Southern Telecom. The above 11 companies with assets of more than $1 billion, as well as loss-making projects that meet the business scope of Anping Company or other companies under the boss's umbrella, are not included in this list!" said Rebecca Mark.

Anping has a number of farms, slaughterhouses, chain stores and transportation companies within the company, which are in line with the tastes of the Kwok Business Group, so they will be left to them.

Guo Shouyun nodded and handed the list to Michael Moretz.

"When you're done, give it to Paul!"

"Boss, these...?"

Looking at Michael's inquiring eyes, Guo Shouyun nodded and said, "I will give you funds, half price for loss-making enterprises, and parity for profitable enterprises, and buy them from Anping Company." In the five years from today, the main task of Phoenix Capital's PE division is to rectify and sell them, and the proceeds will be used for the development of Phoenix Capital. ”

Michael Moretz was surprised and secretly said 'sure enough'.

"Boss, there are too many of these projects. At present, our department has less than 300 people, and we can't handle so many loss-making projects. Paul Lehman hurriedly complained.

As the head of the PE department of Phoenix Capital, even if he has always had confidence in himself, he can't help but feel big when he sees this dense list of companies in his hand at this moment.

"If there are not enough people, recruit them. I'll give you the money, and the time will give you, if you still feel like you're not up to the job in this situation... Paul, maybe I should consider changing the head of Phoenix Capital!"

Looking at Guo Shouyun's deep eyes, Paul Lehman's scalp was numb, and suddenly he felt that the majesty of the new boss was several times heavier than before!

"Boss, I will definitely complete the task you assigned in the shortest possible time!"

Guo Shouyun nodded, "If you encounter problems, try to communicate with Rebecca, she is more familiar with the situation of these companies than you!"

"Yes!"

Rebecca Mark nodded.

After explaining the matter, Guo Shouyun was also relieved. It was not his whim to let Phoenix Capital undertake the rectification task of Anping Capital. Rather, it is based on three considerations. First, share the burden on Rebecca and strive to get Anping out of the predicament before the subprime mortgage crisis comes. Second, the PE department of Phoenix Capital already has the business of integrating and selling loss-making enterprises, and it is also a professional counterpart to Anping's internal losses and enterprises that do not meet the scope of business.

Finally, for capital reasons, the Thunder Fund's gains from the gold market and CDs add up to nearly $30 billion. Half of this money belongs to him, and for this part of the money, high capital gains taxes can be avoided through charitable donations. But the other half is not, for the Thunder Fund, this part of its income is called corporate income tax, and the maximum donation ratio of corporate income tax is 10%, which means that the remaining 90% still have to pay up to nearly 50% of the corporate income tax. Billions of dollars in corporate income tax were handed over, and Guo Shouyun was naturally unwilling.

The best way to circumvent this part of the tax is to increase the debt of the Thunder Fund. Of course, the Thunder Fund's debt level is zero, and it is very difficult to increase it. But fortunately, Phoenix's shareholding in Thunder is more than 80%, so the debts of the two parties are calculated in parallel. Therefore, Thunder's income will be deducted from part of the debt first, and then the part of the tax will be calculated.

However, Phoenix's debt is not too much. Even if some is deducted, the remaining amount of money that needs to be taxed is still as high as 10 billion dollars. So, in order to reduce taxes, it is still necessary to expand the debt of the thunder.

Under such a demand, Guo Shouyun thought of this method of changing his left hand for his right hand. Through the purchase of Anping Capital's loss-making and sold companies through Phoenix Capital, it is easy to magnify Phoenix Capital's debt level in this acquisition, and it also requires funds to maintain these companies, as long as the operation is good, it can easily reduce the tens of billions of dollars in tax funds of the Thunder Fund to single digits.

In addition, after the sale of this part of the enterprise, Anping Capital also got precious working capital and reduced the burden. In the future, the renovation of the Tisside project and the Dabor project will also have funds, and there is no need for Guo Shouyun to continue to invest.

As for the taxes that have to be paid on this part of the transaction, don't be funny. Now the debt of the entire Anping company is more than 70 billion dollars. The annual interest is no less than 5 billion. Coupled with administrative expenses, book asset write-downs, etc., it is impossible to pay corporate income tax within two years!

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