Chapter 819 Growing Liabilities
Set sail QQ, the name Yang Fan sounds very strange......
However, the people inside the car feel that the name is very good. Pen | fun | pavilion www. biquge。 infoThe car is small, the round headlights, a bit of the taste of the Q version, especially now TX's QQ is very high in young people, and there is always some familiarity when it comes to QQ, which has a good promotion for promotional activities.
For this car, Yang Fan is still relatively satisfied.
A small car of 50,000 yuan, the appearance is individual, fashionable, smart, not so rough, and the displacement of a little zero is barely enough. Well, now many young people just need to have a means of transportation, or say, I want to have a car, as for what kind of car it is, in addition to being cheap, whether it is the price or the operating cost, the other requirements are not so high.
In the following time, as the prototype of Qihang QQ underwent various tests, promotion, and production, everything was prepared step by step.
Although the completion of the first phase of the production base of Qihang Automobile in Ningcheng, it is still possible to produce 1 or 20,000 cars per year. By the end of next year, or in 04 years, as soon as the production base in Zhuocheng is built, the production capacity of Qihang will continue to pour in.
In June, the World Cup of Japan and South Korea is coming as scheduled......
On June 9, China lost 0-2 to Costa Rica, pouring cold water on the enthusiasm of Chinese fans. Many people were expecting that China's victory over Costa Rica, a small defeat to Brazil, and a draw with Turkey were likely to emerge from the group stage.
At the end of the defeat and Costa Rica, many people understood that a good wish is just a good wish after all. Do you still expect to draw Brazil and win Turkey?
Zheng Hao, who was in South Korea, called Yang Fan angrily, saying that China had missed the best opportunity to grab points!
Grab points?
Yang Fan shrugged his shoulders, I'm afraid that except for China, all teams treat China as a gift-giving boy.
Next, with China losing 0-4 and 0-3 to Brazil and Turkey respectively, the Chinese team's only trip to the World Cup ended here. All that was left was a World Cup participation record, with three games exhausted, no goal scored, and eight eggs swallowed......
After that, Yang Fan didn't pay much attention to the World Cup.
After all, this World Cup is too ugly, Zheng Mengzhun suddenly became a hero of South Korea, and he also jumped out of the football circle and entered the political arena. It is also this World Cup, no matter how much infamy South Korea has, it has also greatly boosted their morale.
Zheng Mengzhun's position in Hyundai Heavy Industry is also becoming more and more stable.
Hyundai Group, Zheng Mengxian has the highest means, and he grabbed Hyundai Motor, and Zheng Mengzhun also gained a firm foothold in Hyundai Heavy Industries. Zheng Zhouyong's designated successor occupies a righteous position and the identity of the chairman of Hyundai Group, but Hyundai Group, which removes automobiles and heavy industries, is already in turmoil.
That's it, the uncles and brothers of the Zheng family are still eyeing the best assets in the hands of Hyundai Group such as Hyundai Elevator.
Yang Fan only paid a little attention to these, and didn't have any other ideas, as long as their internal struggle did not affect the cooperation with Qihang. Of course, it would be better if Hyundai Group could form a group and put more pressure on Samsung in South Korea.
Qihang's competition with Samsung has now become clear.
Looking at the report from the United States, Liu Ya knocked on the door and walked into the office, "The establishment of Zhuocheng mobile phone industry base, automobile industry base, and the loan from the syndicate has come down." ”
"Good!"
Yang Fan praised.
At the end of last year, Qihang still had a large amount of cash in his hand, but now he spent it like water.
Qihang mobile phone production base, automobile production base, Qihang Building, large-scale R&D, new R&D center, all of them are like a bottomless pit, constantly devouring Qihang's funds.
This time it was a big deal. ICBC and CCB formed a group and loaned Qihang 500 million yuan at once.
That is, after the first quarter profit statement of Qihang mobile phone came out, Qihang's credit rating went up. In addition, in the second quarter, Qihang mobile phones are still very strong in the US market, and the performance has not only not declined, but there is a further trend.
Qihang mobile phone holds a large amount of foreign exchange, now no matter which bank, it is the best quality customer, plus in that sentence China needs such a company, the loan everything goes smoothly then it is logical, and even the interest is extremely favorable, of course, Qihang's account also has to be biased to their side, it is best to repay the loan directly with the income of the American market.
Although this loan is very easy, Liu Ya has made a lot of efforts to get it done so quickly.
After expressing his condolences to her hard work, Yang Fan asked, "What about the loan of Ningcheng Commercial Bank?" ”
Regarding the Ningcheng Commercial Bank, which set sail to become a shareholder, Liu Ya shook her head and said, "The scale of the commercial bank is still small, and it is much smaller than that of ICBC. Yesterday, I touched a few leaders of the commercial bank, and I squeezed it, and I could squeeze out a billion at most. ”
"Not bad!"
Yang Fan nodded and said, the strength of urban commercial banks in these years is generally weak, and it is indeed doing their best to squeeze out one billion.
This is not that Qihang relies on the advantages of major shareholders, Ningcheng Commercial Bank is eager to release all the funds to Qihang, and now the loan is given to Qihang, but it is a high-quality loan. Besides, after Ningcheng Commercial Bank set sail and became a shareholder, it had a large amount of money in its hands, and it was really a little worried about which leading cadre would coordinate it again, and I didn't know which difficult enterprise to lend to.
Although it is said that this kind of thing will be much less because of Qihang's shareholding, no one dares to guarantee this.
Rather than that, it would be more appropriate to lend it to Qihang, and when the time comes, it will be directly pushed to five, anyway, all the money was taken away by Qihang, and if you don't have money, you can't kill it......
Six billion loans!
The scale of Qihang's liabilities has finally reached tens of billions, and the difference has rushed to 15 billion in one go......
Seeing that Yang Fan was a little complacent about the increasingly large scale of Qihang's debt, Liu Ya smiled dumbly and said, "I am talking with JPMorgan Chase, Goldman Sachs and other investment institutions to help issue bonds, I am afraid that by the end of the year, Qihang's debt scale will be 20 billion!" ”
This is indeed a sign of good news, and the scale of the debt proves that the market is increasingly trusting Qihang and its credit is getting better and better.
Yang Fan waved his hand, "Chase, Goldman Sachs is very smart, for Qihang, this is not a debt, in a few years, they will definitely choose to convert debt into equity and then sell it to the market." ”
Goldman Sachs, JPMorgan Chase and other consortia were not reconciled, so they agreed that after three years, Goldman Sachs and JPMorgan Chase customers have the right to choose whether to continue to hold bonds or directly convert debt into equity. In exchange, the bond has a low interest rate.
Three years later......
Three years later, many companies have been listed, and the market value will definitely not be the current scale, and the debt-to-equity swap will not have such a big impact as it does now, so Yang Fan readily agreed.
However, even after three years, as long as Qihang can maintain a high-speed development trend and bright prospects, the customers of the two companies may still be happy to directly convert debt to equity.