Chapter 1547 - Not Enough Money
It is very likely that Niu Bijian will join the Kirin Group, but Yin Jun is not very worried.
However, after the resignation of Niu Bijian, the Jardine and Hongkong Land series are a little worrying.
Simon Keswick, the current CEO of Jardine Matheson and Hongkong Land, is a British from a British aristocratic family - although this aristocrat made his fortune by sucking the blood of Chinese, but after so many decades, they are also considered a first-class family in the United Kingdom.
Keswick was born and raised in England, and only came to Hong Kong once or twice a year to audit the accounts and listen to the report of the board of directors, and he had no feelings for Hong Kong at all.
On the contrary, the Keswick family has always regarded Xiangjiang as a cash cow.
When they make money in Xiangjiang, they will immediately siphoned off a large part of the profits and use them to do business all over the world.
This once made Niu Bijian very dissatisfied, and he quarreled with the Keswick family not once or twice, so this time he was forced to resign, not without the factors.
Tell me, would it be a good thing for such a person to join the Jardine family?
Of course not!
For the next year, this Mr. Keswick will perform alone.
If it weren't for the release of the joint statement next year, he would have been the most prominent person in Hong Kong in 1984.
One of the most extreme things Keswick did was to move the registered place of Jardine Matheson from Xiangjiang to the tax haven of Bermuda.
As the largest business group in Xiangjiang today, when the situation in Xiangjiang is very bad, it should play a mainstay role to appease people's hearts.
But Keswick did not do this, but fell into the trap and directly moved the group out of Xiangjiang, causing the property market and stock market in Xiangjiang to plummet, adding fuel to the fire.
In fact, all the companies that have moved their domicile from their home country to the Financial Freedom Zone, no matter how high-sounding excuses they use, must be the most important one to avoid taxes.
We see every day that many large companies are doing good business, but in the end, they make almost small profits or even small losses, because their accounts are not supervised by the tax authorities of their own countries, but are all done in Bermuda, the Virgin Islands and other financial freedom zones.
Through various complex tax methods, they convert the original large profits into expenses, research and development expenses, depreciation and other expenses, resulting in no profit on the books.
If you don't make money, you naturally don't have to pay more taxes, which saves a lot of money.
The top five private companies in China, including Alibaba, Penguin, Baidu, JD.com, and Cheung Kong Group, are all registered in China.
The same is true of foreign apples, Coca-Cola, oracles, etc.
In contrast, the relocation and registration place of Li Chaoren's Cheung Kong Group is very incredible.
Hong Kong's policy was originally that "overseas income is not subject to tax".
In 2016, most of the Cheung Kong Group's business was in the mainland, Europe and Australia, and their proportion in Xiangjiang was already very small, and they did not pay much tax, so why did they have to do this?
This makes it easy to make people think that Li Chaoren is preparing to invest in Europe and is preparing to cut off from the mainland.
As a result, this has also become a very criticized point for Li Chaoren in his later years, but he never answered positively, but simply said "for the sake of flexible financial policies", which could not convince the public at all.
People like Li Chaoren, who have more than half of their careers overseas, will be panicked when they leave Xiangjiang, let alone the Jardine Matheson Group in 1984.
Yin Jun's Kirin Group is amazing, right?
But in terms of absolute volume, it is not comparable to the Jardine Matheson series at all.
People's real estate in Xiangjiang is calculated street by street, with a valuation of more than 50 billion Hong Kong dollars, and then adding industries other than real estate, hundreds of billions is not so exaggerated.
So tens of billions of Hong Kong dollars in debt is not a problem at all for the Jardine Matheson family.
When the real estate market picks up in a few years, relying solely on the rise in real estate, the Jardine Matheson series has reached a market value of 200 billion, and there is no problem at all.
Such a huge super company, such a large group second only to HSBC, suddenly said to leave, completely wanting to abandon the posture of Xiangjiang, how big do you say the shock to the people of Xiangjiang?
What's more, the rest of the British-funded enterprises, they saw that Jardine Matheson was gone, so they also moved their registered places away from Xiangjiang, making Xiangjiang seem to be finished soon, which greatly hit the economy of Xiangjiang.
Yin Jun was wondering, was it because he saw that Xiangjiang was about to collapse, and the British side began to succumb and quickly reached an agreement?
After all, just a year ago, the two sides still didn't reach an agreement at all!
Of course, Jardine Matheson left Xiangjiang purely for their own interests, most of their business is in Xiangjiang, if they do a good job of accounting, they can save more than a billion or more taxes a year, why not?
There are two sides to everything.
If it weren't for Jardine Matheson and a group of British-funded enterprises retreating so completely, Li Chaoren's Cheung Kong Group, Li Zhaoji's Henderson Land, Zheng Yutong's New World Development, Guo Desheng's Sun Hung Kai Properties and other companies would not have come out so quickly.
When the British-funded companies wanted to come back and seize the market, they found that it was too late, and the Chinese companies had firmly occupied the mainstream of Xiangjiang, even Jardine Matheson, which would only rank in the top ten in the future, and would no longer be the dominant company before.
Therefore, Yin Jun will definitely not prevent Jardine Matheson and other British-funded companies from leaving, on the contrary, he will seize this opportunity to make a good profit.
Anyway, the relocation of Jardine Matheson is basically the last wave of the economic crisis in Xiangjiang in the past two years, and there will never be such a good opportunity after that.
Although the Sino-British Joint Declaration was not signed and issued until December, in the months following July, Hong Kong's economy has been in an extremely slow decline, and anyone with a discerning eye can see that it is gradually beginning to heal its scars.
So what needs to be done must be done before July, or an agreement must be reached, so that the opportunity will not be missed.
Counting carefully, there are many things that Yin Jun wants to do.
But these are not urgent, the most important thing for the teenager at the moment is to raise more funds.
Kirin Group's cash flow is now amazingly high.
After the 2 billion US dollars were exchanged for Hong Kong dollars by the panicked Xiangjiang people in a short period of time, just one month later, Yin Jun exchanged the Hong Kong dollars back to the US dollars at a fixed price of 7.8, and the US dollars in his hands reached 2.6 billion, making a profit of 30%!
In addition to the $2.8 billion, Kirin Group also has 8 billion Hong Kong dollars in hand, all of which are pre-tax profits earned in the last four months.
In North America, the part of the funds that Yin Jun has not touched, and 2 billion US dollars, will also be used to pay for the purchase of ABC in the next three months.
The U.S. acquisition process is very complicated, and the total purchase price of $3.6 billion is certainly not a one-time payment.
Yin Jun's first loan of 1.6 billion US dollars from Mitsui Bank has been credited to the regulator's account, so even if the contract is established, he can officially operate ABC, but it does not mean that ABC belongs to him in legal proceedings.
Only by paying off all the money can you have ABC completely.
But with the $2 billion, Yin Jun's savings in North America were completely gone, and they were all spent.
Although it does not affect the normal operation of the North American branch, it still has a more or less impact.
Based on the part of the profits in North America, it has basically stabilized now, and about 50 million US dollars of profit can be recorded a month for daily expenses, which is of course completely sufficient.
Yin Jun didn't plan to use this extra money, but also used it to carry out various developments in North America one after another.
Don't think that if you put your money there, it will depreciate, and don't think that $50 million is a lot.
In fact, there are too many places to spend money in North America.
For example, the expansion and operation of the ABC TV network, such as the annual shooting plan budget of the two film companies, such as throwing money into the digital field, such as desperately expanding the channels of Kylin Computer, training sales personnel and maintenance personnel......
Speaking of Kirin Computer, IBM is still in the dark, and they just happily regard Kylin Computer as their best reseller partner.
After all, other computer companies do this, buy the distributorship of the manufacturer's computer, and then sell it.
However, Baker Lee, the president of Kirin Computer, as early as after the first batch of business stabilized, began to recruit computer maintenance personnel in accordance with Yin Jun's previous strategy.
In each city where we do business, Kylin Computer will have its own after-sales service point to carry out various repairs and maintenance for each computer it sells.
In the end, they only have to check the repair cost with IBM, and IBM doesn't have to worry about the rest.
IBM's technical maintenance personnel, seeing that the treatment of Kirin Computer is so good, also changed jobs one after another.
To say that IBM's heart is also big enough, seeing this situation, I actually think that this is to reduce their own troubles - after all, they have reduced labor costs, and they can also make some money on repairing parts, and they can also solve problems and maintain the image of IBM computers, why not?
But what IBM didn't know was that Kylin Computer also had a secret computer lab, and this company was not under the name of Kylin Computer at the beginning, but a vest company.
The vest company specializes in recruiting computer hardware experts, from IBM, HP, Apple and other places, waving checkbooks to poach experts.
Although my mother's company is not famous, it is a reward of 10,000 US dollars as soon as I join, and the salary is 2 times higher than that of the original company, and then all the salaries for 5 years are paid to Citibank's custodial account, except for paying them every month, no other reason can be taken out - it is equivalent to locking the money, so that the experts can guarantee their salaries for at least 5 years.
In this way, those experts who are poached have peace of mind.
No matter how you can guarantee a stable and high-paying time for 5 years, as for what will happen after five years, then you don't need to think about it.
After all, the hardware industry of computer companies is very mobile, and maybe it will not be 5 years before someone poachs them, so as to change to another better job?
Of course, if the results of this laboratory can be transformed into real effects, everyone is still willing to continue to work in such a high-paying and stable job.
And their main task in the laboratory is to assemble all kinds of hardware on the market and assemble it into a new computer, which does not belong to any brand, but can be used normally.
Thanks to IBM's hardware standards for computer components, most of the hardware on the market, including monitors, hard disks, disks, CPUs, speakers, etc., is universal.
The slightly troublesome thing is the matching of components, as well as the connection between the operating system and the CPU.
But after all, today's computers are still very nascent, and there are not many functions, so what is too complicated?
This group of experts was originally involved in the computer research and development of several major computer companies, and they still had the means to assemble the computer after removing the patent barriers and secrecy measures.
After 5 months of R&D and testing, the performance of the assembled computer is now close to 70% of IBM's affordable model.
According to the laboratory's predictions, after the upgrading of parts and the procurement of better chips, etc., after two or three months, it should be able to usher in another breakthrough.
As long as it can achieve 85% of the performance of IBM's affordable models, then it can be sold.
Even if the Kirin computer is not as famous as IBM, but you IBM sells 3000 US dollars a unit, I sell 2000 US dollars, the performance is not much different, the after-sales service is still the same group of people, the attitude is still so good, do you say that customers will feel at ease?
Of course, it is precisely because Kirin computers need to open up the network, build production lines, and purchase various hardware materials that they can earn some money now, and then it will not be enough at all.
So Yin Jun's money in North America can't be used for a long time.
Not only can it not be used, but maybe it will have to take a sum of money from the Xiangjiang headquarters to be used for the development of the North American branch.
But don't forget, Yin Jun also has a huge cash-burning project in Western Australia that is being launched.
Once the huge reserves of iron ore around Christmas Creek were discovered, the infrastructure of transportation, railways, and ports alone was filled with billions of dollars, and it was like a play, and there was not a single splash in sight.
Yin Jun is preparing so close to 4 billion US dollars in Xiangjiang, it is not enough to fill this hole, not to mention that he was ready to do a big job in Xiangjiang and make a vigorous bottom-up.
The boy not only wants to buy land, but also develops land, and he dare not say that he will buy half of Xiangjiang, but he will directly swallow a large amount of land and become the largest landlord in Xiangjiang, which is a very obvious thing.
It's not that Yin Jun wants to buy so much land, but because of this kind of land with the price of cabbage, after missing this opportunity, it will never be possible to have it again.
For this last chance to get rich, Yin Jun must be willing to raise more money and borrow more money, and he is definitely not willing to miss it.
Such a big piece of fat, the boy has been planning for 3 years, and he has endured it for 3 years, just waiting for this time to copy all the bottom!
Therefore, it is very necessary to raise more cash!