XXXVI. Acquisition of the winery
The next afternoon, Su Zhen leaned on the sofa and listened to Rachel's report on the Luthor family's current situation.
"Mr. Luther's family company was found by the Securities and Futures Commission to have concealed $300 million in debt in the form of off-balance sheet (investment partnerships), and at the same time had falsely reported profits of more than $200 million in the past two years, which means that the deficit reached $500 million, and now the company's shares have been suspended. And the major banks have rejected their loans, if they can't fill these shortfalls, they have only one way to go bankrupt, so in order to fill the shortfall, they are selling some family assets, many of which are benign assets, and the price of the fire sale is one level lower than the market price. Rachel reported back.
"Since it is a benign asset, there should be a lot of people who think it is necessary to buy it, how can it not be sold?" Su Zhen wondered.
Rachel smiled, "Usually it may be, but in fact it is the complete opposite, at this time, all parties are reluctant to make a move, they are all trying to push the price lower, and they don't care if Luthor and their family will go bankrupt, not to mention that as long as their company goes bankrupt, if they are selling at that time, the price will be much lower than now."
"Damn, these capitalists are really black enough, they are already lower than the market price, and they still want to lower the price" Su Zhen scolded, "Then what assets are their families selling now?" ”
"There is no discrepancy with the information given to you by Mr. Luther, in addition to the ice wine winery mentioned earlier, there is a four-star hotel in Chicago, and several properties in Chicago and New York, and the rest are shares of some companies." Rachel replied, "In fact, we only seem to have bought a winery and a few properties, and the value of the other properties is good, but not what we have taken."
"No wonder yesterday he only asked me if I was interested in the winery, and he calculated my money, so what is the situation of the winery?" Su Zhen pursed his lips.
"This ice wine winery is located on the Niagara Peninsula in Ontario, Canada, with more than 100 acres of vineyards and thousands of barrels of unsold ice wine, with an average annual production of about 10,000 bottles and a market value of about 18 million dollars, and Mr. Luthor quoted us 16 million," Rachel gave a detailed report.
"Yields are so low?" Su Zhen frowned slightly.
"This is a very high yield, after all, the number of grapes needed to make ice wine is ten times that of ordinary red wine, and it is not produced every year, and the winery is not inferior in quality to those of the top ice wine wineries, except that the production is slightly inferior, in fact, the winery has only been supplied to Luther and the family company, not for sale," Rachel explains.
"That's a lot of value for acquisition, isn't it?" Su Zhen asked, seeing Rachel nodding and saying, "Then you ask Luther, when is it convenient, we have to go to the field to investigate, and you can invite a few experts in this area, and then go together, you don't have to go, just let Erica go with me when the time comes."
Rachel heard this and went to practice, and just as Su Zhen was about to rest for a while, his mobile phone rang, and it was Larry Wachowski, the elder brother of the Wachowski brothers, calling.
"Is it Sue? I'm Larry, our film has finished production and is ready to premiere on the 15th of next month, you have to come and participate" As soon as the phone was connected, Larry was stunned by Su Zhen's speech.
"Filmed so quickly?" Su Zhen remembered that the Matrix would only be released next year.
"Yes, thanks to your investment, otherwise I really don't know when I will be able to finish this movie, this is the brainchild of Andy and me, I can only say that I am very grateful for your trust, you can definitely attend the premiere" Larry on the phone was very excited.
"It's good, I will definitely participate when the time comes" I didn't expect that because of my investment, "The Matrix" appeared more than half a year in advance.
The two chatted a few more words and then hung up.
"Sue, Luthor says it's okay at any time, as long as we inform him before we go, and he'll arrange everything." At this time, Rachel's side also contacted "On the expert side, Erica contacted a professor at UCLA, but the other party only had time on weekends.
"It's a weekend, then it's set for Saturday the day after tomorrow," Su Zhen replied casually.
Then Su Zhen called home to explain the situation to his mother, and also asked Liu Ru if she was interested in going to Canada to play.
After managing the financial work of the ranch company for a period of time, Qianliuru felt a lack of knowledge, so she proposed to Su Zhen the idea of wanting to go to university.
According to Su Zhen's idea, Liu Ru doesn't need to do any work, just enjoy the happiness at home, anyway, there is no shortage of money now, but Liu Ru doesn't think so, after all, she is still young, and now she is only in her thirties, and she has the idea of wanting to do something by herself.
Since his mother asked for this, Su Zhen couldn't refuse, so Liu Ru became an auditor at the University of Chicago.
I heard that Su Zhen was going to Canada, but I just told me to be careful and other caring words, but I rejected Su Zhen's idea of going with him, on the grounds that he was preparing for the STA exam.
Su Zhen was stupid when he heard this, Mom, do you want to be so sharp, it's not enough to be an auditor, and you went to take the college entrance examination. But the son can only support this.
Seeing that his mother was so studious, Su Zhendu began to think about whether he was going to school too, in fact, American law requires school-age children to go to school, and compulsory education continues until high school.
But Su Zhen took advantage of a permissible teaching method in the United States to avoid the trouble of going to school, that is, tutoring, the United States, as a predominantly Christian country, is allowed and recognizes family education, but the education department requires family education to ensure that the annual learning time reaches 1,000 hours, and requires relevant homework and correction records to be retained as a basis, but this is not a problem for Su Zhen as a wealthy man, as long as he takes the time to do some homework or something, it is very labor-saving.
When I thought of staying with a group of Little P children, I couldn't help but shake my head, and threw the idea of going to school out of my brain.
I hung up the phone and called Liu Shihua again, Liu Shihua was quite interested, but because I had made an appointment with a friend to watch a baseball game on the weekend, I couldn't go.
In the end, Su Zhen could only go to Canada alone, although there was still an Erica, but when he thought of the other party's serious poker face, it was better not to bring it, and he couldn't help but rise, is it wrong to arrange Rachel to manage the investment company, and he will be alone again in the future.
Soon it was time to make an appointment on Saturday, originally Su Zhen thought that he was going to take a flight together, but he didn't expect Luthor to arrange a private jet, "The family is about to go bankrupt and still play private jets, losers" Su Zhen complained in his heart.
Su Zhen is taking a private jet for the first time, but this private plane is not big, it is a small plane with only seven or eight people, but the facilities are very complete, and the interior is relatively luxurious.
"Sue, you can actually buy a plane yourself, it's more convenient to travel," Luthor smiled when he saw this.
"It's not cheap, is it? How can it cost millions of dollars? Su Zhen asked.
"No, no, no, this six-seat Piper Seniga costs $960,000, and millions of dollars can buy dozens of high-end private business jets," Luthor shook his head.
"So cheap?" After all, Su Zhen was just a **** silk in his previous life, and he may have more than ten years of knowledge than people in this era, but he doesn't know much about high-end luxury goods such as airplanes.
"In fact, the price of small planes is not high, 960,000 is already very high-end, ordinary small planes and helicopters only cost more than 100,000 dollars, in fact, the main cost of the aircraft is not in itself, but the management costs of building a small airport and handing over to the airport, as well as the salaries of the crew and the maintenance of the aircraft itself, the larger the aircraft, the more associated costs" Luthor explained "Relatively speaking, helicopters are more economical, as long as they are relatively flat places, they can be docked, such as the ranch you drive, In fact, many large and very large ranches are now using helicopters to manage their cattle, after all, cars and horses are too slow for those super-large ranches of hundreds of thousands of acres. ”
Su Zhen was shocked when he heard this: "There is such a big ranch? "I thought my ranch was too big, but I didn't expect that there were hundreds of thousands of acres of large pastures.
"That's right, there are no millions of acres of pastures, but there are many single pastures in the United States that reach more than 100,000 acres, and there are two in Illinois," Luthor said, "This is still relatively small in Illinois, and there are more continents like Montana, Texas, and some large landowners have more than a dozen such ranches in their hands, and the largest landowner in the United States has a total of more than two million acres of land."
"Hiss" Su Zhen couldn't help but gasp, compared to these big ranchers, he is nothing, two million acres, that is almost 10,000 square kilometers, that is already 1/940 of the real United States, compared to them, he is still very poor.
"Actually, you can buy a few small helicopters for your ranch, don't you think it's too long to just drive or ride around your ranch?" asked Luther.
Su Zhen thought about it, and it is true that it takes more than half an hour to drive around his ranch of more than 20,000 acres (more than 80 square kilometers), and even longer if he rides a horse, if there is anything urgent, it is indeed not very convenient, "But in this case, you have to hire a driver?" ”
"Actually, you don't need to hire a pilot, the general pilot's license is very easy to test, so most farmers can fly their own planes, in fact, flying a plane feels good, but you are under seventeen years old, and you can't even get a driver's license for a car, let alone an airplane, so you should hire a pilot," Luthor laughed
Chatting like this, the plane slowly landed in Niagara.