Chapter 561 Perpetual Bonds
readx;?“ Don't be so pessimistic! Wang Qinian said with a smile, "We will not force control and merger, it is just a financial investment." Pen? Interesting? Pavilion wWw. biquge。 info We will not interfere with your company's management, nor will we send directors and officers to your company. We will not vote for the next 10 years, but only share the company's operating results and dividends. Of course, if one day, your company is no longer a good investment target, we will choose to sell the stock. To put it simply, it's primarily a financial investment, not an acquisition that seeks to take control of the company! ”
"Okay, I hope Wang Sang will be the talker!" Morishita actually knows that when the company is listed, it can't refuse others to buy liquid shares.
In fact, as long as it does not interfere with the operation and does not threaten its control over the company, what difference does it make no matter who owns the shares?
Even, if the partner company is optimistic, it will also increase the capital market, and the optimism will make its market value go to a higher level.
You must know that the investment ability of small partner companies is also extraordinary. Although its venture capital reputation is not obvious, the investment in companies that have been listed is eye-catching to the market.
Stocks that can be favored and heavily held by small partners can enhance the influence of their companies.
"By the way, your company's "Wisdom Dragon Maze" and other mobile games, have you found a partner for the agency in the Chinese market?" Wang Qinian asked with a smile.
"Uh......" Morishita couldn't help but be stunned when he heard this. In the blink of an eye, he couldn't help but reveal ecstasy, being able to enter the Chinese market, this feeling is good!
You must know that the development of China's Internet in recent years has been far better than that of Japan. It's not that Japan doesn't make an effort, it's that its population is not large enough.
The population base is not large, and it is impossible to form a super platform, and even if the infrastructure of the Internet in Japan is good, it is useless.
As for selling his products to the Chinese market, although Morishita doesn't know how much profit the Chinese market can bring him, his products are not yet available in Japan. It is undoubtedly good news that we have begun to find partners in overseas markets.
What's more, in the PC era, China's online game market ranks first in the world. It is inevitable that many overseas game companies are full of illusions about the Chinese market.
"If we don't find a partner for the agency in the Chinese market, we are willing to become the agent operator of our games in the Chinese market!" Wang Qinian smiled and said, "I can give you a 30% share before tax!" ”
Morishita said with joy, "Is there a prepaid royalty?" ”
"If you're going to pay royalties upfront. Then the share is reduced to 20%. Wang Qinian said.
After thinking about it, Morishita decided to hand over the operation rights of the Chinese market of "Zhilong Maze" to the partner company, choosing a 30% share, without any advance payment and no guarantee.
After all, he also wants to gamble!
The 30% share is a very high share ratio for a pure game developer. Currently, there are many operators in the Japanese market. Even only a 10% share is given.
After all, the cost of operation and publicity is also very expensive, operators have channel advantages and capital advantages, and some weak developers have no room for bargaining.
……
After meeting with Morisha Xi, Wang Qinian signed a batch of perpetual bond agreements with the Japanese banking industry, and the credit guarantee of the partner company issued 100 billion yen of perpetual bonds according to the deposit rate of the Bank of Japan plus a 3% interest rate differential.
Because the credit rating of the partner company is relatively high, it should be one of the highest-rated enterprises in China. The interest rate of bonds is relatively high, and at the same time, the creditor is not worried about the ability of the partner company to pay the interest. Therefore, the issuance of this perpetual bond. It is highly sought after by some financial institutions!
The large-scale issuance of bonds by small partner companies in Japan has attracted a lot of attention.
Wang Qinian, as the head of the small partner company, naturally made some explanations and clarifications to avoid some media not being responsible for blind guessing.
"This is the first time that our partner company has issued bonds in Japan, and of course, it is one time and two times ripe. In the future, we will be accustomed to issuing more bonds. As for the issuance of bonds in Japan, the main reason is that with the gradual increase in the business of our partner companies in Japan, there are many places where the yen is needed. For example, to pay wages to employees in Japan and to make purchases in Japan, it is necessary to have a certain amount of yen reserved. Secondly, we are gradually internationalizing, and it is natural for us to diversify the financial liabilities of the group companies. In the future, we will issue not only RMB bonds and US dollar bonds, but also Japanese yen bonds. In the future, various bonds such as euros, pounds, Australian dollars, and Canadian dollars may be issued. Wang Qinian said with a smile, "As the business of our partner company expands to that region, it is possible to cooperate with banks and financial institutions in the region. ”
"Will there be more yen bonds issued in the future?" The media reporter asked.
"It depends on different factors such as the yen exchange rate, interest rates, and economic and political factors, which may affect our decision." Wang Qinian said with a smile.
"Will you still choose perpetual bonds in the future?"
"Not necessarily, it may also be a combination of long-term, medium-term and short-term bonds with different maturities."
"Can ordinary people buy the bonds of small partners?"
"For the time being, we will only sell to banks, insurance and corporations, and in a few years, we may be listed on the open market, and ordinary people will be able to buy our bonds."
The so-called perpetual bond is never mature, and the creditor never repays the principal. However, face interest is required to be paid every year.
The advantage of this bond is that it is stable, and there is no concept of principal maturity. When a bond is issued, it will always pay only the interest and not the principal. Of course, even after one or two hundred years, as long as the partner company still exists, then the interest on the perpetual bond will continue to be paid until the end of the day.
Of course, the premise of perpetuity is that the partner company does not redeem it. According to the bond issuance plan, the bonds will be private at first, and over the next few years, they will gradually start to be traded on the open market. At that time, in the event of a decline in bonds, small partner companies can also take the opportunity to repurchase bonds cheaply.
The bonds bought back by the partner company in the open market will naturally be cancelled to reduce the scale of perpetual bonds.
In addition, Japan's bond issuance is only the first step, and in the future, the interest rates of the British pound, the euro, the Swiss franc, and so on will be relatively low, and at the same time, there will be a sharp depreciation of the currency, which will become the bond issuance varieties that Wang Qinian is targeting.
For those who borrow money, depreciation is cool, depreciation profits!
Wang Qinian, Li Lingxiang and their entourage began to take a charter flight and returned to the capital of China.
This time, I went to Japan and returned a little full.
Wang Qinian is because the business of the small partner company has made new progress again, and the forward base established in the Japanese market has laid a strategic chess piece for a more international layout in the future.
As for Xiaoxiang - dozens of tons of various cos props, books, game consoles, CDs, hard disks, and the like. (To be continued.) )