Chapter 88 Debt-to-Equity Swap
That's right, when did Xu Qing do a loss-making business! Xu Qing is a guy who can't afford to make a profit, how can he do a loss-making business! Of course, perhaps in the eyes of others, this non-performing asset in the creditor's office may not be a good thing in Xu Qing's eyes. Pen? Interesting? Pavilion wWw. biquge。 infoBecause this is a really good thing, this claim is actually valuable. On the surface, he can't recover these debts, but in fact, he can have more benefits, and then he can use this debt to make profits for himself, and there are a lot of benefits!
Although this debt is a non-performing asset, non-performing assets can actually be revitalized, and if it can revitalize non-performing assets, it is also a good choice.
Next, Xu Qing will prepare for the second part. After acquiring the creditor's rights, Xu Qing asked Louis Bonaparte, in his capacity as chairman of the French provisional government, to invite the owners of French factories and enterprises to come over. Especially Xu Qing has their creditor's rights in his hands, and they dare not come. These factories and enterprises are also very sad, if this continues, their factories will also go out of business.
Now that Xu Qing has a creditor's right, of course they have to come over and listen to the creditor and discuss a solution.
"Ladies and gentlemen, I am Xu Qing, the chairman of Yinghua Group, and our non-performing asset disposal company under Yinghua Group has acquired all kinds of your creditor's rights. These claims are now our Yinghua Group's. In other words, we Yinghua Group will be your creditors in the future. Of course, we also know your current economic situation, so we are here to give you a solution. This will not only revitalize our non-performing assets, but also satisfy your factory's desire to restore normal production order. Xu Qing said.
When the factory owners heard this, they were even more overjoyed. The economy in France is at its worst, with factories unable to sell and production at a standstill. The pressure of the market combined with the pressure of debt, they are already miserable, they are already in the process of going out of business at any time. Once it closes, as factory owners, they are very miserable and will have nothing.
If Xu Qing can let them restore normal production order, of course they will be grateful to Dade!
"Mr. Xu Qing, how are you going to restore order to production?" "Mr. Xu Qing, as long as you can restore the production order, you are my great benefactor!" "Mr. Xu Qing, as long as you can let me resume normal production, I will promise you whatever conditions you want, and I can even ask for my daughter!" "That's right, I also have a beautiful daughter, who is sixteen years old! ”……
The scene was suddenly crooked, and they all listed their beautiful daughters and beautiful sisters, which made everyone present sweat. The entire European upper echelons knew that Xu Qing was a womanizer, so they hurriedly used this method to hope that Xu Qing would agree.
"Enough of you!" Mathilde hurriedly shouted.
Those factory owners stopped, they knew that this Mathilde was most likely the future French princess, and they wanted to give their daughter and sister to Xu Qing, didn't they take the initiative to die? They were sick and rushed to the doctor just now, that's why they were like this.
"Do you think Xu Qing wants it from any woman?" Mathilde said dismissively.
Mathilde also understands Xu Qing, Xu Qing is not what all women want, and Xu Qing also has standards for accepting women. Xu Qing has a very strong political purpose, but not all women are on it. If those women don't have a certain identity, influence or talent, Xu Qing can't look down on them at all, of course, it's best to be a beauty, at least they can't be sorry for their appearance.
"Hehe, I'm not interested in your daughters and sisters, I want to emphasize one thing first, everything is in accordance with normal business rules, and I don't support unfair business competition!" Xu Qing emphasized.
Those factory owners knew that Xu Qing must have something to say next, and Xu Qing took the initiative to introduce: "All of you who are doing it are big factory owners, and the factories in your hands are worth a lot of money. This time, I am here to discuss with you, and I hope that the debt in my hand can be converted into the equity of your factories. In the future, we Yinghua Group will give up the claims of this debt, that is, give up the interest income, but inject these claims into your company as a condition for capital contribution, so that we will all change from creditors in the past to partners. “
When the factory owners heard this, they were immediately overjoyed. If this debt is converted into equity, it means that Xu Qing will become their partner from a creditor in the past. Those debts in the past, Xu Qing will not enjoy all kinds of interest. Because Xu Qing's debt has been converted into equity, Xu Qing cannot get interest.
In this way, their pressure has been suddenly reduced, and the possibility of their resumption of production has increased greatly after the pressure has been reduced. You must know that these claims are all usury, before the appearance of Xu Qing's Yinghua Bank, usury was also prevalent in Europe, and the interest rate of usury was at least 30 percent, or even more than 50 percent. This western loan shark is also very scary, so Xu Qing is willing to convert this debt into equity, which is also a good choice, at least they don't have to repay those high interest rates.
"Mr. Xu Qing, do you have any meaning in converting debt into equity in this way?" Soon a factory owner asked.
Xu Qing then replied: "Regarding the conversion of this debt into equity, I can call it a debt-to-equity swap. Debt is charged a fixed interest for a fixed period of time, and once converted into equity, we can reduce the burden on each factory without having to repay regular interest. There is even an advantage, that is, for the sake of our own profits, our Yinghua Group will inevitably further use various means, including cash and various non-cash support, and then take the initiative to help our Yinghua Group integrate, so that we can resume production. After the resumption of production, we Yinghua Group will enjoy dividends according to the proportion of equity. ”
Those factories are also happy again, Xu Qing is right! If Xu Qing converts the debt into equity, he will inevitably be tied to these factory owners for his own interests. At that time, Xu Qing will inevitably strengthen support for the factories in which Naxi has equity for his own interests and the interests of Yinghua Group. After various support measures, if these factories can be revitalized and the factories can return to normal production order, they are also very happy.
When Xu Qing receives dividends, it can be regarded as a profit. This method is good, because if Xu Qing converts the debt into equity, then Xu Qing will actually become their partner, and after becoming a partner, Xu Qing will inevitably have a different mentality, everyone is a grasshopper on a rope, and it is inevitable for Xu Qing to strengthen support. Tied together like this, they certainly feel happy.
When the French factory owners heard about this method, they were happy at the same time, but they were also a little worried.
Xu Qing knew what their concerns were, and quickly replied: "You are worried that if once the factory is restored, but I still occupy the shares of this factory, do you feel worried?" ”
The factory owners smirked, and it was obvious that Xu Qing had said something about their concerns. They need Xu Qing at the moment, so of course they are willing to sell their shares and convert their debts into equity. After all, if you don't do this at this time, you will definitely die. But the problem is that once the normal production order is restored, they are also very worried, and once Xu Qing continues to retain the shares, they are also very embarrassed. After all, they don't want someone else's stake to occupy too much of their own factory. So they are also very embarrassed, on the one hand, they hope that Xu Qingneng will help them with debt-to-equity swaps, but on the other hand, they are actually worried about what the consequences will be when the time comes.
In times of crisis, they can do anything to survive, but once the crisis is resolved, they will inevitably be equally worried that the shares in Xu Qing's hands will cause a big tail.
"Hehe, in fact, you have this worry, and I can understand it. Don't worry, I won't go too far, we can write a clause in that contract, that is, you can redeem these shares at any time according to your own business situation. We can redeem these debt-to-equity shares at any time, but at that time, it will be according to the market price, not the debt price at that time! Because of this debt-to-equity swap of mine, that's also an investment, understand? Xu Qing said.
When the factory owners heard this, they were immediately overjoyed. If this clause is really added, they can buy back and redeem shares from Xu Qing at any time, which is also a very huge good news for them. As long as they can redeem their shares, then of course they are willing to do so, after all, these factories are their own efforts, of course they have to quickly agree.
Of course, Xu Qing said very clearly that this debt-to-equity swap is actually an investment. Didn't he just hope to convert debt into equity as an investment? When the time comes, when those factories resume production, the value of shares will not be as cheap as it is now. Of course, the factory owners are also happy, because they are happy to redeem their shares according to the market value after they get through the difficulties.
Who wouldn't do such a good thing? Soon, a large group of factory owners in debt crisis agreed to sign a memorandum of debt-for-equity swap, and of course the clause that the shares could be redeemed at any time according to the situation was also written into the agreement. In this way, Xu Qing's debt will be converted into equity from now on.
Of course, this is only a preliminary letter of intent, because Xu Qing will not be able to eat all the tricks in the future, and he still has to carefully ask the auditors of Yinghua Bank to audit the accounts of these factories to ensure that the operation of these factories is in line with the debt-to-equity swap. If the debt-to-equity swap is met, then Xu Qing will continue to fulfill the letter of intent for the debt-to-equity swap and officially sign the contract. Each company has its own characteristics and circumstances, and it cannot be directly one-size-fits-all. However, Anglo-Chinese Bank has accumulated a large number of financial talents, and there will be no shortage of this aspect.
"Genius, what a genius idea! It's such a hard idea to guess, this debt-for-equity swap is really a great genius idea! Louis Bonaparte exclaimed.
How did Louis Bonaparte not know that this debt-for-equity swap was a genius method that would be of astonishing help in saving the current French manufacturing industry. If the debt-to-equity swap can be realized, the debt pressure of the enterprise can be completely eliminated. In particular, the debt pressure on interest will be completely eliminated. In order to allow himself to receive share dividends, Xu Qing will inevitably continue to support these companies through various financial and non-financial means, and then let them resume production.
In this way, the French manufacturing industry has been revitalized, and this debt-to-equity swap is really the most suitable method for the French manufacturing industry at present. As long as these manufacturing industries do not close down and normal production resumes, then these French workers can continue to be employed, and the workers will be completely stable, which is of astonishing importance to his Napoleonic family.
"Yesterday we just bought the debt at a low price, and even paid it in five years, which is equivalent to directly and almost buying the debt at a very low price. But today I chose to come over to the debt-to-equity swap, and when the time comes, we will use the various holding networks of the Yinghua Group and the various support means of the Yinghua Group, so that through these debt-to-equity swaps, in fact, a huge community has been formed, which will be of great help to the manufacturing industry to overcome the current difficulties together! ”
"If these manufacturing factories are all owned by Xu Qing, then they have become de facto subordinate companies of Xu Qing, and then Xu Qing can completely influence the decision-making of these companies, and then they will twist these manufacturing industries into a rope, and then become a huge alliance. Therefore, the enterprises are in competition, but after Xu Qing's debt-to-equity swap, it can be regarded as a bridge of communication between these enterprises, and they can cooperate accordingly. After working together, we will overcome the most difficult times together, so that we can be completely revitalized. ”
"When the workers are guaranteed jobs, they will naturally support us."
Louis Bonaparte and his family members, and even many economic experts in France really appreciated this debt-for-equity swap plan. It has a huge reference role for the current national crisis. Although Xu Qing is here to make money, the French don't care, as long as they can get through the crisis, what's wrong with letting Xu Qing make some money? If you want the horses to run, you have to let the horses eat grass!
"The matter between the factory owners and the workers was solved, and this was the second great achievement. In this way, the factory owners and workers will support me! Awesome, really awesome! We really didn't choose the wrong person, and we Bonaparte really didn't choose the wrong person this time. If I had married my cousin to that Russian banker at that time, it would not have had the current effect at all. Fortunately, I did not marry, I heard that Chinese like virgins, fortunately I did not marry my cousin, once Mathilde is not a virgin, otherwise it will really be overshadowed for our cooperation. Xu Qing's value, where can the Russian banker compare? Not to mention the financial resources, in terms of talent, they are simply much stronger than the Russians! ”