Chapter 580 Debt-to-Equity Swap

"Andy, our business is so yellow?" Guo Jijie was a little unwilling.

He is also very optimistic about the project of this shopping mall. In recent years, the profits may not be particularly high, but with the economic development of China, it is bound to earn more and more, and it is very stable.

There are risks in this, and they can bear it, even if they lose money in the past few years, they can earn it back in the future, and it is regarded as a long-term investment.

But now they can't even find a partner who has enough weight to share the risk, and relying on only the two of them, even if they add the Guo Group, it is not enough.

Unless Guo Jijie goes to ask Guo Bingxiong, through Guo Bingxiong's connections, he will bring in a few more investors, so that he Guo Jijie can be willing, but will Wang Haoan be willing?

Wang Haoan became the richest man in the mainland at a young age, although he can't compare with the top richest people in Xiangjiang, and he can't compare with his father Guo Bingxiong, but those rich people are far from Wang Haoan's achievements at his age.

What's more, Wang Haoan is self-made, and his vision is very accurate, Guo Jijie has cooperated with Wang Haoan for so long, and he knows best.

He also understands Wang Haoan's concerns, and if he were Wang Haoan, he would not be willing to let the Guo Group interfere too much in his own industry.

"Not necessarily, I'll go to Jinmen tomorrow and wait for me to come back. If we can't form the scale we envisioned, then we can buy a shopping mall to test the waters, and we can have a good time. ”

A shopping mall, if you lose money, you can't lose much, so you should practice. Since you want to operate real estate in the future, you must understand and be familiar with this aspect.

Guo Jijie didn't know what Wang Haoan was doing in Jinmen, but he knew that there was also a bankrupt Asia shopping mall in Jinmen.

……

"Chief Du, I am here this time on behalf of Anjie Real Estate and want to talk about the acquisition of Asia Mall. Wang Haoan sat in the office of Deputy Chief of Jinmen Du and directly expressed his intentions.

"Boss Wang came to Jinmen, of course I warmly welcomed. But Boss Wang doesn't know that this Asia-West Asia shopping mall has already paid off its debts to ICBC, so it's useless for you to come to me. ”

Wang Haoan's identity, Du Persimmon has understood, this is the top big boss in the mainland, come to Tianjin to invest, of course he raised his hands to welcome.

But if he wants to acquire the Asia Mall, he can't be the master, and the political axe can't control the bank. In the past few years, banks have given face to local governments, but since Mr. Zhu came to power, some powers and responsibilities have been more clearly divided, and he does not dare to interfere indiscriminately.

"Chief Du Persimmon, I naturally inquired before I came. Jinmen, a shopping mall in Asia, not only owes a loan to the bank, but also owes a debt to the political axe, so the political axe is also the creditor of this shopping mall. It's just that the result of the negotiation is to entrust ICBC to auction, and you want 30% of the auction price. ”

Since he came here to talk, Wang Haoan is ready to work.

"Boss Wang, you know that the political axe has entrusted ICBC with full authority to deal with the debt problem of the Asia shopping mall, and you also know that the political axe only accounts for 30% of the shares, then you know that our political axe actually does not have much right to speak. If you are in business, you should understand that it is the majority shareholder in the company who has the final say. ”

"In fact, getting back 30% of the auction price is also the result of the efforts of many parties, this project was facilitated by our political axe, and it was also the political axe that asked ICBC to give a loan, and ICBC has a lot of dissatisfaction with us. ”

The leaders of ICBC feel wronged, although you have no guarantee, you can say that there are all kinds of supporting investments, so we have assessed the price of this project very high, and only then did we take out so many loans, otherwise would the loss be so high?

"Chief Du, have you considered it, the price of the auction in the Asia Mall will definitely not be high, in fact, the assets of the political axe have shrunk. ”

"And I have a way to ensure that the assets of the political axe do not shrink, and may even appreciate in the future, I wonder if Du Persimmon is interested?"

Of course, Du Persimmon is interested, and if he can do this, it will also be his political achievement. What's more, this model may be replicated in other industries, and his credit will be great, and there is hope that it will go further.

"Boss Wang isn't joking with me, is he? If there is such a way, we will definitely be willing to do it. ”

"Well, my solution is that this shopping mall will not be auctioned, and I will directly buy the shares of Asia and Asia in the hands of ICBC, and the debt of the Jinmen political axe in the Asia shopping mall will be converted into shares of the new shopping mall, and I will participate in dividends in the future. ”

This is not a particularly novel model, and this method was used when many state-owned enterprises went bankrupt a few years ago, and this is still a method learned from foreign enterprises.

Debt-to-equity swaps, some of which have been successful, enterprises have come back from the dead, and the value of those shares has also risen. But there are also many failures, and after the conversion to shares, the company is still not doing well, and those shares are still becoming non-performing assets.

However, the key question here is who the shareholders of the company are, how strong the management ability is, and how much capital can be brought.

"The debt-to-equity swap model may not always be successful. Boss Wang, if it is a food factory or a garment factory, I don't need to report this plan to the leader, I can directly agree to you now. But your investment in real estate doesn't seem to be well-known, and I'm still a little apprehensive. ”

"It's better for you to talk about your future business plan, if this plan can impress me, I will report to the leader, if even I can't impress, it is useless for you to find the leader. ”

He is the deputy persimmon chief in charge of Jinmen state-owned assets, and he is also the most knowledgeable in this regard, even if Shuji and persimmon encounter similar problems, we must respect his opinion.

"I really don't have much success in real estate, but my partner is called Guo Jijie, he is the second son of Hong Kong tycoon Guo Bingxiong, Guo Bingxiong is worth more than 10 billion, and he is very good at real estate, especially commercial real estate such as shopping malls. ”

"Our company will cooperate with the Kwok Group to jointly acquire Asia Mall, and not just one, but several. As for the problem of funds, Du Persimmon doesn't have to worry about this at all, let alone a shopping mall, even if the whole of Asia is swallowed, I won't hurt my muscles and bones. ”

Wang Haoan is a little bragging, his assets are indeed higher than the entire Asia Group, but to swallow the entire Asia Group, he must also take out a loan, and the risk is extremely high, once it fails, his assets may shrink a lot.

But Du Persimmon believed it, because of Wang Haoan's title of the richest man in the mainland. There is also Guo Bingxiong, a wealthy man in Xiangjiang, who is worth tens of billions of dollars, so rich.

"Our business plan, we can't tell Du Persimmon in detail, this is a corporate secret. I believe in Du Persimmon, but you have to report this matter to the leader, there may be too many people in the middle of the know, I hope Du Persimmon understands. ”

"Anyway, I can guarantee that we will definitely make money. If Du Persimmon has doubts about the debt-to-equity swap, I can also attach a clause to the contract, and after three years, we can use the market price, or the current price, to buy the shares of state-owned assets in the shopping mall. ”

Du Persimmon Chang's heart was moved, this condition sounds much more cost-effective than the auction. In the case of auctions, there will inevitably be losses. The debt-to-equity swap can at least protect the principal, and it is possible to make a profit.

"Boss Wang, I want to report this matter to the leader, can you go with me to meet the leader?"

Wang Haoan said with a smile: "I am very happy." ”

.。 m.