192. Debt financing

In the middle of the night, Aunt Chen knocked on the door of the Ye family.

"The third child, I'm busy."

"What are you busy with, watching TV", Ye Laosan put on a military coat and introduced Aunt Chen into the house.

Aunt Chen smiled, "My brother and sister are also here." ”

Ye Fei's mother stood up very consciously, "You talk, I'll go make tea." ”

Ye Laosan couldn't get what the other party meant.

Fancy yourself?

It shouldn't be.

Besides, the daughter-in-law is at home.

Aunt Chen smiled mysteriously at the other party, "Third child, you're going to have good luck." ”

Ye Laosan was puzzled, is this going to sell something to himself? He asked, "What's the luck?" ”

Aunt Chen quipped, "What are you pretending to be confused, your Ye Fei's business." ”

When Ye Laosan heard this, he was very angry, and his face sank: "What about you coming to say this?" ”

Ye Fei's matter made him lose face.

I have a lame heart.

Aunt Chen smiled, "The third child, the third child, you can't be kind to treat it as a donkey's liver and lungs." ”

Father Ye looked at the other party's still charming figure, endured a breath, and didn't speak.

Aunt Chen continued, "The old Guan family is sent this time, and the county leaders have come to the door, it's a shame, you can enjoy Qingfu in the future." ”

When Father Ye heard this, he was furious, "Enjoy the blessing of a fart." ”

Aunt Chen said deliberately, "Why, you still don't like it?" ”

"Guan Dali is bullying others, and he is ready to repay the debt, I am not finished with him."

"What do you say?"

Ye Laosan didn't want to say more, but when he was hooked by the other party's eyes, he couldn't stop talking, "The last time I went to his house, I wanted to settle the child's affairs, Guan Dali actually said that the child's affairs should be solved by the child, and it is inconvenient for adults to interfere. ”

Aunt Chen smiled "haha", "I thought it was a big deal, that's it?" You, you don't know how to be blessed in the midst of happiness, so I will ask, does it matter if you are not engaged? ”

Ye Laosan's eyes widened, "Why not?" ”

Aunt Chen looked at him,

Ye Laosan softened himself first, and muttered, "If the marriage doesn't work out, how will my Feifei marry in the future?" ”

Aunt Chen: "It's not nice to say, don't be angry, Ye Fei, even if you give Guan Huang a small one, you can ensure that your family will not worry about eating and drinking, I heard that his family has dozens of billions." ”

Ye Laosan was about to be furious, but suddenly calmed down and asked, "Billions of dollars?" ”

Aunt Chen thought to herself, God really has no eyes, people like Ye Laosan can be developed.

said in his mouth: "It's not, billions of billions, that's how much money, you think about it, you can't count it." ”

It was the first time that Ye Laosan knew that Guan Huang was so rich.

I vaguely heard some before.

Because of Ye Fei's relationship, he was embarrassed to inquire more.

I don't know how to use the Internet, so I don't know anything.

"This ......"

Aunt Chen said bewildermently, "Think about it, if Ye Fei gives birth to a boy and a girl, it will be a wealth of the sky." ”

When Ye Laosan heard this, he was stunned.

Aunt Chen continued, "You're urging the engagement at this time, isn't that going to make things yellow?" To be honest, can Ye Fei be worthy of Guan Huang now? ”

Ye Laosan shook his head, he was still self-aware.

Although the girl is good-looking, she has no education, no ability, no family status, let alone a billionaire, even a millionaire is not worthy.

"So, your main task now is not to urge marriage, but to ensure that Ye Fei is pregnant."

When Ye Laosan heard this, his face turned red, but he had to admit that what the other party said was reasonable.

……

Aunt Chen's words made the other party lame.

Within two days, Ye Laosan met Guan's father, changed his normal behavior, and never mentioned the engagement, but greeted him very cordially.

Guan Dad didn't know what his son said, but the problem was temporarily solved, and he was also relieved.

After staying at home for a few days, Guan Huang returned to Haicheng.

Superman continues to conquer the city, and although the "Fast Alliance" has been established, there are no new moves for the time being.

The two sides maintained a brief peace.

Guan Huang used his fame and resources in the province to carry out short-term debt financing of one billion yuan, claiming that it was to prepare for the next money-burning war.

Although investors have broken through the threshold because of the improvement of the situation, Guan Huang's equity financing conditions are too harsh and no agreement has been reached for the time being.

This move has also been interpreted by the outside world as "Superman's insufficient capital reserves." ”

Qian Gui, who had disappeared for a long time, jumped out again like a shark that smelled blood.

However, this time Guan Huang and Superman were not attacked by name.

First of all, I will popularize the difference between equity financing and debt financing.

"Equity financing is at the cost of selling part of the company's ownership, and debt financing is borrowing money and repaying it when due."

Because the A-share and Hong Kong stock markets require the same rights and equal rights, the founders will lose control of the company if they dilute their shares too much, which is why many companies choose to list in the United States.

Debt financing, on the other hand, will bring relatively large financial pressure, because the debt will have to be repaid when it matures.

Although the valuation of start-up companies is very high, often tens of billions, but there is no stable profit model, and it is a great pressure to repay the money when it is due.

Once the money is not repaid, the debt-to-equity swap or the shares are sold at a low price.

Qian Gui finally concluded:

From this point of view, an important point of disagreement in Superman's game is how much equity the founder Guan Huang is willing to sell at what price.

What follows is how much voice investors have in the company and how much they participate in the management of the company.

Prior to this, Qian Gui also explained that since Superman's previous financing was mainly convertible bonds, it would inevitably usher in a peak of debt repayment.

"To put it bluntly, from Guan Huang's point of view, if you dilute a part of the equity, you will lose some control, but the financial pressure is not great."

"I think it's time to force him to manage.

Although Superman is developing well at the moment, it needs a more profound transformation at that time, such as the transformation of the board of directors......

That is, there should be a mechanism for balance and sharing in decision-making, which is currently lacking within Superman. ”

Although it is a very rational analysis, netizens do not buy it.

After a few previous turmoil, everyone knows where Qian Gui's ass sits.

Many people have spoken sarcastically,

The simple phrase is, "You go, you go." ”

Whatever action Guan Huang makes, he has his own considerations.

You know the truth, people are clear!

Forget about being slapped in the face before, pop papa!

The angry Qian Gui scolded, a group of dicks, rotten wood cannot be carved.

Guan Huang Weibo responded to this, "Mr. Qian's thinking has always been confined to the battle for equity, if you can't jump out of the limitations, your future achievements will end here." ”

Qian Gui was speechless about this.

It's not that he can't refute it, it's just that before the other party has failed and he has not achieved greater achievements, his confidence is always insufficient.

To put it mildly, it's just a battle of words.

Guan Huang did not stop there, but continued, "Many investors don't understand the insistence of entrepreneurs, where is the profit model? and not empathy......"