Chapter 790: Determination
After hearing Wu Ruide say that the company was really at risk of bankruptcy, the atmosphere in the entire conference room suddenly became solemn.
It's the morning of February 2nd, and the company's high-level meeting ended yesterday, and now it's the board meeting. The meeting was attended by members of the company's board of directors, in addition to Zhang Ran, Wu Ruide, Qiu Yuanxu, and Gao Jun, as well as Li Junwei of Creative Advertising, Marvel's Eco Permat, Prada's husband Pagio Bethel, and independent director Sohu CEO Zhang Chaoyang.
Yesterday, in order to appease the company's management and avoid disturbing the morale of the military, Zhang Ran told everyone lightly that Goldman Sachs' small actions did not pose a threat to the company. Now it is the board of directors, and the next strategy is discussed, and Wu Ruide told the truth.
Wu Ruide opened the document in his hand and said slowly: "The total debt of trust loans, overseas loans, bonds and operating loans of Century Summit is 28.8 billion US dollars, of which 4.5 billion was lent to the company by Zhang Ran. It is impossible for Zhang Ran to force debts from the company, so the debt we need to repay in this turmoil is 24.3 billion. Of the 24.3 billion yuan, 6 billion yuan was lent to us by the investment company under the Zhijiang State-owned Assets Supervision and Administration Commission, as well as Zhijiang's banks and several funds, and was mortgaged by the 20 square kilometers of land in the Century Shadow Capital. Even if we really go bankrupt, they can completely recover the cost if they take this piece of land for auction, and more importantly, the Zhijiang Provincial Government is very optimistic about our plan, and has invested a lot of material, human and financial resources, and definitely hopes that we can carry out the plan, so it will not be as urgent as other banks to force us to pay debts. ”
Zhang Chaoyang lowered his voice and asked, "You took 20 square kilometers of soil in Zhijiang, how much did you get it?"
Zhang Ran said: "500 yuan/㎡!"
Zhang Chaoyang's jaw almost fell: "It's too cheap, it's the price of cabbage!"
Zhang Ran smiled, thinking to himself, the price of Wanda in the Oriental Movie Metropolis project in the previous life was cheaper, only 400 yuan/㎡, and said in a low voice: "It's not a money-making project, if it's 2,000 yuan/㎡, you can't afford it at all!"
Zhang Chaoyang rolled his eyes: "If you don't make money, you will invest more than 100 billion yuan to engage in such a project?
Wu Ruide continued: "The 6 billion that removed the river is 18.3 billion. We now have 3.3 billion in cash, and if we repay it, we will need 15 billion. Now a large number of Wall Street analysts are singing about Netflix, causing the company's valuation to fall all the time. At this rate, by the beginning of March, the valuation of the entire company will fall below 30 billion. At that time, the company's valuation is equal to the debt, and it is at risk of insolvency, and banks and investment companies will come to the door to force debt. If we don't have enough money to pay it back, then we're at risk of bankruptcy!"
When the directors present heard that 15 billion funds were needed, their faces couldn't help but change slightly, 15 billion, and it was still in dollars, if they couldn't come up with the money, the company would really go bankrupt.
Zhang Chaoyang is an independent director, neither serving at the peak of the century, nor shares, and does not have the solemn sense that the company is facing bankruptcy. He saw Zhang Ran's indifferent expression, as if he was nothing, so he said, "Zhang Ran, you are so sure, there should be a solution, right?"
Zhang Ran took a sip of the cup and said unhurriedly: "The biggest problem we are facing now is the bank, and the second is the problem of funds. In fact, these two problems are one problem in the final analysis, that is, the alliance of Goldman Sachs, PropNex and Wanda, and the first step for us to get rid of the current predicament is to break up their alliance. ”
Everyone asked in unison, "How to dismantle?"
Zhang Ran said: "Two peaches kill three soldiers!"
The story of the two peach killing three soldiers can be said to be familiar to the Chinese, and everyone knows that they understand it as soon as they hear this. However, the two foreigners, Padgio Bethel and Echo Permatt, were completely confused and didn't know what it meant.
Pagio Bethel was surprised, "Two peaches kill three warriors, how can peaches kill people?"
Everyone present couldn't help but laugh when they heard this, and the solemn atmosphere of the conference room was suddenly swept away.
Zhang Ran couldn't help but explain: "In the Spring and Autumn Period of China, there was a country called Qi State, and King Qi had three very powerful warriors under him, and the relationship was very good, just like King Arthur's round table warriors, but these three people were proud of their high martial arts, great merit, and very arrogant, so that they threatened national security, and Xiangguo Yanying decided to get rid of them." At a banquet where the State of Qi received the monarchs and ministers of the State of Lu, Yan Ying picked six peaches from the orchard of the King of Qi. After the monarchs and ministers of the two countries of Qilu who participated in the banquet each ate two pieces, Yan Ying proposed to reward the following ministers with great merit, and the applicants should show their merits, and whoever has the greatest credit will eat it. One of the three warriors said that he had beaten a tiger, and the other said that he had killed a turtle, so they each ate a peach. The third warrior said, "What's so great about fighting tigers and killing turtles, and I will lead the army to fight in the south and the north, and that is the great achievement!" Yan Ying said, "Your merit is indeed the greatest, but it's a pity that the peaches are gone, so let's eat them next time!" The third warrior quit, and obviously said that he would eat peaches with great merit, but I couldn't eat peaches because I had the greatest merit, and this was an insult to me, and I was humiliated like this in front of the two kings, what face did I have to stand on top of the court? After saying that, he drew his sword and killed himself. The other two warriors were ashamed to see their friend commit suicide and killed themselves. Three warriors died because of two peaches, this is two peaches killing three soldiers!"
Echo Permatt wondered, "This is the story, isn't it?
Zhang Ran groaned: "Of course it works, let me give you an example, China, Japan and South Korea are like three warriors, and the United States is Yan Ying, the United States will use the Diaoyu Islands to provoke Sino-Japanese contradictions for a while, and use the Dokdo issue to stir up contradictions between Japan and South Korea for a while, causing the three countries to pinch and pinch each other, and there will be no peace, this is the modern version of two peach killing three soldiers!"
Everyone couldn't help but be stunned when they heard this, listening to Zhang Ran's words, China, Japan and South Korea are really the modern version of the two peach killing three soldiers!
Echo Permatt suddenly realized: "I understand what you mean, Goldman Sachs, Bona and Wanda are three warriors, we are Yan Ying, but how can we kill them? What are our peaches?"
Everyone else also looked at Zhang Ran and wanted to know the specific way.
Zhang Ran said inscrutablely: "Goldman Sachs and the three of them can form an alliance, relying on interests, and if they want to break up, they can only be interests." These three PropNex are the weakest, so we will use PropNex as a breakthrough. PropNex itself also has an alliance, in addition to PropNex itself, there are several radio and television groups such as TV and radio media, media and radio group, and some executives of Poly Group are involved. I think so, take 30% of the shares of our company's films in the next five years, divide them into three parts, and pull TV and radio media and media and media groups to engage in platter investment. The films they invest in will not only receive a share of the box office, but will also receive related revenues including home entertainment, video-on-demand, digital rentals, pay TV, and international distribution!"
When Gao Jun heard this, he slapped him directly on the thigh and shouted: "Clever plan, this not only breaks up Bona's alliance, but we can also get at least 2 billion funds." When the movie is released, the TV stations, newspapers, and broadcasts under these three radio and television groups can be promoted for free, which can save a lot of publicity costs!"
Qiu Yuanxu also said excitedly: "I think I can get at least 2.5 billion, or even 3 billion." We have "Twilight", "Iron Man", and other Marvel superheroes, and these are all movies that can make a lot of money. ”
Pagio Bethel nodded, "Sure enough, two peaches killed three warriors!"
Echo Permatt laughed, "No, it's three peaches killing five warriors!"
Zhang Ran waited for the discussion to stop before continuing: "The biggest crisis we are facing now is that banks will come to the door to force debts, as long as they can give us a few months of buffer time, they can get the valuation back." Now the problem is that PropNex and Wanda have used their banking system, and the banks have begun to warn us. Once a crisis erupts, banks will definitely force their debts, and it is impossible to give us a buffer time. There is only one way to solve this problem, and that is to attract state-owned capital into shares. We will take 5 percent of the shares and pull in the state-owned enterprises such as Poly, CIC, and the China Development Bank!"
When the directors present heard that the capital was introduced, they first nodded, and then they all shook their heads. Bringing in state-owned capital can indeed resolve the crisis, but at the same time, it will bring a problem, the company has a government background, and once it has a government background, it may have an adverse impact on the company's overseas development.
Qiu Yuanxu was more worried about this: "When we first acquired Netflix, we did not have a state-owned background, and there were lawmakers who hyped it up, saying that China invaded, and if we introduced state-owned assets, it would probably bring obstacles to our development in North America, and if there were other possibilities, it was best not to introduce state-owned assets." ”
Everyone else also nodded, only Zhang Chaoyang did not speak, as if he was thinking about something.
If he can prevent state-owned assets from becoming shareholder, Zhang Ran is not willing to introduce state-owned capital into the shareholder. It's just that when a domestic company achieves a certain scale, the biggest risk is no longer the economy, but politics, especially for a company like Century Peak, which has the right to speak in the media, and the political risk is even greater. The best way to defuse political risks is to attract state-owned shares. Tencent is very smart and has a state-owned background early on, and Alibaba also brought in members of the national team such as CIC and China Development Bank in 12 years. Couldn't Jack Ma find an investment? In fact, it was just to defuse political risks.
This time, the CBRC issued a warning, except for the relationship between Bona and Wanda, which used the banking system, it may not be without the intention of the state.
Zhang Ran explained: "We are an Internet + film company, and we need publicity channels, so we have Weibo and video websites, and in the future we will acquire more media, just like the Big Hollywood Six, there are media groups behind him, and we will also go in this direction." But once we have the right to speak in the media, we have the ability to manipulate public opinion. The manipulation of public opinion by capital is a big taboo for the state! To dispel the state's concerns, the best way is to attract state-owned capital to become shareholder!
Everyone was silent when they heard this, but Zhang Chaoyang couldn't help nodding, he knew that what Zhang Ran said was right.
Zhang Ran continued: "After the introduction of state-owned capital, the relationship between Bona and Wanda will no longer pose any threat to us, and their alliance will inevitably end, and our opponent will only be Goldman Sachs!"
Wu Ruide discussed this issue with Zhang Ran, he supported the introduction of state-owned shares, and saw that everyone was silent, adding: "The debt gap we are facing now is 15 billion, of which the debt of domestic banks and investment funds is 7 billion. As a result, we are only facing a debt of 8 billion. Platter investment and national team stake can bring at least 4 billion funds, so that our funding gap is still 4 billion!"
Zhang Ran said directly: "I'll find a way to raise this money, and I will prepare 5 billion funds within two months!"
Everyone was completely relieved when they heard this, since Zhang Ran was able to raise this money, then the risk of the company's bankruptcy was completely removed!
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