Xiao Qi, who has no other way than a loan, will certainly not be so shallow, using the land he bought to take out a loan, and then buying the land and refinancing the roll.

This kind of rolling capital chain method commonly used by future developers has already been disclosed by the Rising Sun commentators, and more than a dozen columns in a row have been directly published on the "Reference News", which has made readers addicted and made developers gnash their teeth.

A lot of things are like this, when you say it, if you say it, it's not so easy to operate.

After so much time in the mall, the teenager has already become very smart.

After active negotiations, during the Spring Festival, the teenager used 20% of DreamPad shares as collateral to borrow a total of 120 billion yuan from the four major banks of China Agricultural Industry and Construction in Shuchuan Province, of which 40 billion yuan was used to redeem the 20% shares previously mortgaged, and the remaining 80 billion yuan was taken 72 billion yuan to be returned to Citigroup, Merrill Lynch and Goldman Sachs, and then 50% of the shares were taken back from their hands.

To put it simply, Xiao Qi took out 20% of DreamPad's shares to take out a loan, but redeemed 70% of the shares, so he also made a net profit of 50%, plus 8 billion yuan!

Such a logical relationship seems complicated, but it is actually very simple.

DreamPad's valuation has skyrocketed again!

From the beginning to the present, as the sales of DreamPad continue to refresh, the value it represents has risen more and more, rising to today's value of 600 billion yuan, and the four major commercial banks in China still feel that they have taken advantage of it.

The four major commercial banks don't dare to think about their previous low-priced 20% collateral, which is a very hot thing, in their kind of commercial banks, eating interest rate differentials is already full, there is no need to covet and swallow DreamPad, a treasure that all shijie has noticed!

For the DreamPad in the shijie range. In the past, Xiao Qi had avoided contact with other domestic capital, so he borrowed a lot of dollars.

Now that DreamPad has taken deep roots in the world and has an unexpected reputation, the country's top management will take care of the fairy company intentionally or unintentionally, and it is normal for Xiao Qi to recycle shares in terms of reasonable valuations and favorable interest rates in terms of loans.

It is precisely because I saw that Huaguo's bank took care of Xiao Qi. Citibank panicked at first.

They attach great importance to Xiao Qi's customer, and even rank first in China and top ten in Asia.

The future development and growth of the fairy company, after reaching a "smart patent alliance" with the Qiao gang leader, after absorbing Samsung to become the eternal sharer of the DreamPad app store, Citibank absolutely treats Xiao Qi, who has nothing to do with any shijie bank, as the first customer in Asia, and strives to become the global financial partner of the fairy company.

Previously, he advocated a 30% mortgage of DreamPad's shares in Fairy Company, and the loan was only $5 billion. He has already been reprimanded.

However, according to the nature of capitalism, they are reluctant to spit out what they eat, whether it is right or wrong, and still pretend to be confused, holding their coveted 30% DreamPad stake in their hands.

But just when they were actively trying to provide a new plan and make Xiao Qi rely on them more, it suddenly came that Xiao Qi would repay the loan directly. The request to redeem the shares was suddenly like being struck by lightning. I couldn't come back to my senses for half a day.

Citibank quickly learned about the whole story, and at the same time demoted several high-ranking officials to Africa for the first time, it also had a good relationship with Xiao Qi, and Tony, president of Citibank Rongcheng Branch, and Wade, vice president of New York Branch, also launched active public relations, and through constant telephone bombardment, Xiao Qi was not very peaceful in Japan and the capital. Finally, a preliminary agreement was reached.

Xiao Qi will take out 20% of DreamPad shares as collateral for the second time in exchange for a $20 billion loan from Citibank.

That said, Citibank gave DreamPad a higher share price.

The overall market value of 100 billion US dollars, according to the current exchange rate, is 770 billion yuan, although it is not as good as PetroChina, Sinopec, and China Mobile. Move and so on. But it is still the first giant among private enterprises!

Citibank's home this time is the real one who treats Xiao Qi as an equal opponent.

According to the habits of Europe and the United States, it is a very cumbersome and complicated process for them to value a company, and it took 38 first-class analysts to value Xiaoqi's $100 billion, and it took eight days to complete the analysis, and then the discussion also went through five days before the amount was decided.

Bank loans in China usually have a rule of nine out of thirteen...... Oh no, it can't be said that banks are legitimate operating companies, not illegal usury. Borrow.

All right.

We can say that usury is borrowed from the rules of the bank, well, that's all, please don't think crookedly.

Banks usually only calculate the market value of a company based on 70% of the valuation, and then lend up to 40%-70% of the market value part of the loan process that meets the loan process, so that the collateral worth 10 million can be borrowed up to 5 million.

The name of the bank is to avoid non-performing assets, but in fact, it is not to want the lender to be unable to repay the money, and then eat this piece of fat at a low price?

This time, Xiao Qi's mortgage can be fully mortgaged and converted, and anyone with a discerning eye can see that he has been taken care of, but he is not a person of a certain level, and there is no way to know about it, because it will not be disclosed to the public.

The operation method of European and American banks is roughly the same, but they are more standardized, they will calculate the growth of your company in the next three to five years, and there will be a certain premium when valuing, so when converted, 70% can eventually go to the hands of the lender, if it is a customer with good asset credit, it is not impossible to get a 100% loan.

Shaw is certainly the best customer.

The three major rating agencies, Moody's, Standard & Poor's and Fitch, have unanimously raised the credit rating of Fairy Company to the point of AAA, tied with supergiants such as Microsoft, General Electric and Coca-Cola, so Xiao Qicai can get a 100% mortgage from Citibank.

Don't underestimate the power of the three major rating agencies.

Wasn't the outbreak of the Greek debt crisis in 2009 just that Fitch, Standard & Poor's and Moody's downgraded their sovereign ratings in turn, and then detonated the crisis all of a sudden, and it has been out of control ever since? (To be continued......)