Chapter 377 There is a rush in the matter
Claire's suggestion left Link pondering. He's thinking about Claire's suggestion in the end.
After a long time, he said, "I will seriously consider your suggestion." "He couldn't make a final decision for the time being.
Claire laughed and said, "If you still decide to put the TV station in the name of the bank, I will fully accept it." Of course, I may have to make some changes to the bank's business philosophy. ”
Link nodded and said, "The bank doesn't need to do anything different. I'll consider which of the two suggestions is in my best interest. ”
If it is listed in the name of the bank, it is difficult to evaluate the gains and losses. In the future, if TV stations have the opportunity to cooperate with China's TV industry, banks may be labeled as pro-China. It is difficult to assess the impact that would have on the bank's growth.
Ozete Bank has a core interest at stake. He couldn't take that risk. And the same is true for Hanse Investments.
And Claire's words reminded him.
He must not show an overly pro-China attitude now. Otherwise, many of his plans may be hampered by the government. Maybe when he can stop worrying about being affected in one way or another, he can do exactly what he wants. But it's still far from it.
With Claire saying this, he left the bank and went straight back to Ozette. He's on his way to Las Vegas. He not only wants to complete the contract with Huaxin for Hans Farm, but also to sign the latest power supply contract with Las Vegas.
According to his previous water supply agreement with Las Vegas. Las Vegas is prioritizing wind power from its three farms in Adava. Hanse Farm's wind turbines have been connected to the grid before, but because it was only a temporary agreement, now that all the wind turbines of Hanse Farm are connected to the grid, they need to sign a formal contract.
Link's plane landed directly on Hans Farm. Link met again with Leader Du, who was in charge of the installation of wind turbines, and in addition to that, there was also the person in charge of the California branch of Yimei Huaxin Company.
He needs to sign the paperwork and take over all the wind turbines on the farm.
According to the contract, Huaxin Group was required to assign an engineer to supervise the maintenance of the wind turbines on his three farms. The main maintenance personnel are the people who were previously sent to China by Link for training. Those people are employees of Lin's Power Company, which specializes in the maintenance of these wind turbines.
Lin Ke and several people from Huaxin Company looked at the last few wind turbines installed, and some things that were previously in the hands of Huaxin Company, and handed over to the staff of Lin's Power Company. This process was busy for half a day.
He then went to Las Vegas, where Mayor Sinclair witnessed the signing of a formal power supply contract with Las Vegas Power.
Under this contract, Las Vegas will have priority to purchase all the electricity from Hanse Farms. This allows the Hanse Farm to achieve maximum utilization of its power generation facilities. There is no need to worry about the electricity produced being wasted.
The next day, he went to Hans Investment, where Martha's team was already waiting for him in the company's conference room.
"Let you meet today. Mainly, I want to know something. Link didn't pretend to let anyone else preside over the meeting, and he got to the point as soon as he sat down. "Martha, how is the West Coast TV takeover?"
"We have completed an asset appraisal of it. Preparations are under way to enter the negotiation process. ”
"How many generations do you think I'm going to have to pay to complete the acquisition?"
"According to the West Coast TV Dollar Debt Ratio. It is in fact already negative equity. And the TV station's finances have been in a state of loss for ten years. We are considering acquiring shares from the Chinese Development Bank of California primarily on a debt-bearing basis. Of course, we may have to pay a small amount of cash to satisfy him. ”
Link pondered for a moment and asked, "So do you think they'll agree?"
"We think there's a good chance they'll agree. Martha said confidently. The San Francisco Lee family owns more than 65 percent of the shares of the Chinese Development Bank of California. It can be said that it is the foundation of their family. And West Coast TV has a debt of $200 million to their bank. And they have to borrow more every year. That's a big bad debt for their bank. If you can activate part of the bad debt. It is beneficial to all those of the Li family who hold shares in the bank. ”
Link thought about it for a moment and thought it would be okay to give it a try, and then asked, "So how much debt do we need to bear?"
Although Jason Lee owns West Coast TV, most of the shares are through the Chinese Development Bank of California, and some are directly in the hands of the Li family. Cash and debt, should be able to satisfy everyone in the Li family,
"Because it is uncertain whether the shares of other shareholders of the TV station can be acquired. So the most we can do is accept the corresponding share of the debt according to the shares. ”
"If that's the case, we need the explicit consent of the other shareholders as well for our acquisition to take place. Link said with a frown. "If they don't agree, it's going to be very difficult to make a takeover. ”
"Whatever we do, we have to let the other shareholders know. "If the company's equity changes because of the transaction, other shareholders must know in advance. "If other shareholders are reluctant to split the debt. Perhaps we can convince the Li family to announce the collapse of the TV station, and then restructure, and we can also do the debt split, but it will take longer to operate. ”
"I'll communicate with Jason Lee. ”
Martha's approach can indeed be implemented. Although not all the shares of the current West Coast Chinese TV Station are in the hands of the Li family, the largest creditor is the Li family's bank. The TV station has been insolvent for many years, and the Li family's bank can completely bankrupt the TV station by collecting debts.
Of course, it's a bit strange to force yourself into debt. But that should be a big bargaining chip that can get other shareholders to accept the Li family's terms. His only concern was that Jason Lee was unwilling to use that method.
He also asked, "If we take control of the TV station, how much do we need to invest to make it profitable, and how long will it take?" This is very important, because he can accept a loss for a while, but not a loss.
The question is a bit abstract. Martha looked at Maurice.
Morris coughed lightly and said to Link, "Boss, I was actually a little embarrassed when you asked us to evaluate this issue. Because no one can guarantee that after investing money, the company will be able to turn a profit within the specified time! Especially a television station that is not in the mainstream culture in the United States. I've had many discussions with Catherine and Miller about the current state of the station, and we both agreed that the best way for it to make a profit is not to invest, but to throttle. For example, cutting some shows. ”
"But Morris, I want the station to evolve and not think about it. ”
Morris nodded and said, "I can understand your thoughts, so I'm trying to figure out a plan." I hope to find a way to make a Chinese-language TV station a TV station that is accepted by mainstream American society. But that would require a lot of investment, and the TV station's business strategy would have to make significant changes. ”
"When will your plan be ready?"
"Before that, I need to have a deeper understanding of what is actually happening at the TV station. Obviously, I'm not doing that right now. ”
Link nodded first and said, "In that case, after the TV station completes the acquisition, you can complete your plan as soon as possible." ”
"Good!"
Link said to Martha again, "How are you preparing for the free re-employment training and youth counseling program that you did last time?"
"After discussing these two projects, we both agreed that they should be led by the government. Of course, we're here to help. Martha said with a smile. "The government is also very enthusiastic about this, and they are already starting to prepare for it, and we just need to manage the use of the funds. ”
"Well done!"
In this matter he did not make a clear request. He was quite satisfied with her handling like this.
It was actually the project he came up with on the spot to trade Paul Brown. If those two projects were led by him, of course, the reputation would be greater, but it would also involve a lot of energy from Martha.
And leaving it to the government to do it, he is equivalent to making a deal with Paul Brown and buying a favor for Sinclair. And as long as it is properly promoted, everyone will know that those two projects were paid for by him, and he will not fall behind in the reputation he deserves.
Link came to the company, and Martha, of course, would take the opportunity to report on the need to report on the spot: "There are some things that need to be reviewed by you. ”
"What are they?"
Martha took out a few papers, handed the first one to him first, and said, "It's about alpacas." Last year, the alpaca project worked well, and we purchased nearly 30,000 alpaca cubs from Peru. In addition, at our current location, our breeding center has successfully acquired about 13,000 newborn alpacas. The baby alpacas purchased by the breeding center have to wait two months before they can be shipped back to the United States. But we need to make all the payments in the near future. In addition, we have selected a site for the construction of an alpaca textile mill. The investment budget is in the document. ”
Link flipped through it briefly, then put it down and said, "What else?"
"This is the financial statement of Hanse's low-cost apartment and this year's budget, which needs your approval. ”
……
"This is the annual summary of the Hans Fund and the plan for this year. ”
……
Martha said several things in a row, and these things really needed to be approved by him personally.
Several others also made some comments and suggestions on the matters for which they were responsible. There are verbal and written.
But he didn't have time to look at it carefully, so he took it all and said, "I'll take it back and read it first, and I'll give you an answer when I'm done." If nothing else, so be it today. ”