Chapter 103: Universal Studios Hua Hin
Cang's plan is to borrow money from Southeast Asian governments through the Universal Studios project to raise funds from companies and private capital.
Well, this is also what Cang Yaozu learned from Disney, who borrowed a lot of money when he built Disneyland Paris. Disney also took in a lot of interest, and Disneyland Paris, which had been losing money for a long time, eventually became a heavy burden for Disney.
But this does not deter Cang Yaozu, as a reborn person, the last thing he lacks is vision and courage. In the eyes of others, there was a fog ahead, but in Cang Yaozu's eyes, there was a bright road ahead.
It's 1997 now, and the financial crisis in Southeast Asia is just around the corner, and at this time, borrowing money from Southeast Asian countries is simply a leak, just afraid that you don't borrow enough, just afraid that people have no reason to lend you, and the construction plan of five Universal Studios is the best reason to borrow, and this is also the confidence of Cang Yaozu to promise to pay a down payment of 5 billion US dollars to the Bronfman family within three months.
The difference between Cang Yaozu and Disney is that he knows that Southeast Asian countries will be hit hard in the next Asian financial crisis, and the currency depreciation is serious, well, now lend 20 billion US dollars worth of national currencies, and then convert them into US dollars, and when the financial crisis comes, it will not take a year, Cang Yaozu only needs to repay about 8 billion US dollars to pay off all the loans, and the countries have to be grateful to Dade, because Cang Yaozu lent out the national currency of each country, but what was returned was precious foreign exchange.
And these funds can be turned over into the investment bank of the Wild family, and then shorted the currencies of Southeast Asian countries through about 10 times the leverage. Now that Universal Pictures has only taken a stake in Hasbro, there will be funds to increase its stake in Hasbro, and maybe, the funds for the acquisition of Polygram can also be earned.
Robert Iger's first stop was Yandu, Yandu is Cang Yaozu's base camp, he has already sent people to discuss with the Yandu government, just east of Yandu City, won 8 square kilometers of land, and there is a small lake in the plot.
After the plot was won and the contract was signed, Robert Iger went straight to the magic capital and demarcated 11 square kilometers of land in Chuansha New Town, PDX District, where Universal Pictures intends to build a Universal Town, which will be the world's largest Universal Studios resort.
The plot of the magic city was chosen by Cang Yaozu, which is very bad because it is the location of Disneyland. The site selection of Universal Studios in Huadu has been put on hold for the time being, and now we can only start some preparatory work in the early stage, such as demolition, infrastructure, etc., and the design and planning of the entire Universal Studios have not yet been seen.
Robert Iger's next stop was Thailand, where His Majesty King Bhumibol Adulyadej received Robert Iger, who is 60 years old. Robert Iger presented a gift for the old king, Royal Salute 21 Year Old Whisky.
Yes, most of Universal Pictures' gifts are purchased from Seagram Wines, self-produced and sold, which is really fragrant. Cang Yaozu would not allow his subordinates to buy gifts from other companies, anyway, these wines are really handy, not only to save face, but also to promote their own brands.
King Bhumibol of Thailand is very fond of Royal Salute Whisky, that is, Cang Yaozu does not sell it, otherwise, Bhumibol would not mind taking the brand. The Thai royal family has been inherited for hundreds of years, and there is a lot of wealth, and it is definitely not bad for money.
The location of Universal Studios Town does not need to be in the downtown area, and the Bangkok royal family also needs to participate in this project, so Robert Iger and the royal family discussed the result and set the address in Hua Hin Town, 200 kilometers southwest of Bangkok. Hua Hin is a holiday destination for the Thai royal family and aristocracy, and there are two royal palaces.
There is a large area between Hua Hin and Thailand's 300 peaks national park, which belongs to the Thai royal family, and the royal family has invested in this area of about 12 square kilometers, occupying 5% of Universal Studios, and the project of Universal Studios Hua Hin is officially finalized.
The first phase of the Hua Hin Universal Studios project was priced at 4 billion US dollars, and the Thai royal family took out 10 billion baht to get 10% of the shares, plus 5% in exchange for land, a total of 15% of the shares, Universal Pictures accounted for 85% of the shares, and the Thai government also loaned 120 billion baht to Universal Pictures to ensure the construction of the Universal Studios project, which is really fragrant!
Robert Iger and the Thai royal family agreed that the loan will be used first for the filming of "The Lord of the Rings Trilogy", "Harry Potter", "The Matrix" and "Pirates of the Caribbean" and the first phase of the Marvel Cinematic Universe, and then build Universal Studios Hua Hin with box sales, so that when Universal Studios Hua Hin is completed, the popularity of these movies is high, which is conducive to using Universal Studios as a selling point to drive the entire tourism market in Thailand.
Thailand is now mainly developing Bangkok, Pattaya, Chiang Mai and Phuket, such as Hua Hin, a small town is not well-known, but Robert Iger still firmly chose here, he believes that with the release of a series of super blockbusters, Universal Studios itself has no shortage of attraction, and the Thai royal family also saw Universal's super blockbuster plans before making up their minds, lending 120 billion baht to support Universal Pictures.
At present, Thailand still implements a fixed exchange rate system, 25 baht to 1 dollar, the 120 billion baht is equivalent to 4.8 billion US dollars, Robert Iger followed Cang Yaozu's advice, borrowed a large amount of baht, and then he will soon convert these baht into dollars and transfer them to Citigroup. The project of Universal Studios Hua Hin started slowly with a small amount of money, and there was no hurry.
The construction of Universal Studios is really not in a hurry, what is anxious is just borrowing money, whether it is government borrowing, borrowing from major banks and private equity funds for corporate and individual customers are also in action, and a large number of corporate bonds are issued in the name of Universal Studios Construction, and at the same time the establishment of Universal Studios Private Equity Fund in the name of Panda Capital, under the gimmick of guaranteeing principal and income, the speed of raising funds is very fast.
Bonds and private equity funds are also targeting more than 100 billion baht, which will be converted into US dollars and deposited in the Wild family's bank through various channels.
Cang Yaozu also doesn't know if he loots 300 billion to 400 billion baht from Thailand through the Universal Studios project alone, will it affect Soros's plan to short the Thai baht.
Looking at the 300 billion baht, in fact, it is more than 10 billion US dollars, and the Thai side carefully collects and collects, and the problem is still not big, after all, it is such a high-quality project as Universal Studios.
At the suggestion of Cang Yaozu, the Wild Family Bank participated in the listing of Amazon, and Cang Yaozu's private equity fund also got a lot of Amazon shares, and when Amazon went public, Cang Yaozu will continue to acquire Amazon's shares.
In addition, the listing time of ICQ has been determined, later than Amazon, on September 1, the first anniversary of Cang Yaozu's arrival in this world. Of course, before icq went public, icq needed to carry out a share reform, and yes, Cang Yaozu asked icq to implement the AB share system.
The AB share system is an equity structure implemented by listed companies, and Ge Liqin is helping icq to formulate an equity structure such as AB shares before listing, and then implement it after listing.
The AB share system, i.e., the weighted voting rights of the same shares, refers to the fact that listed companies can have different rights of the same shares, usually one share of one vote for ordinary shareholders, but a few senior executives of the company can have several votes per share. It is an effective means of exercising effective control over a company by separating cash flow and control.
Different from the system of equal rights for the same shares, in the dual-class share structure of AB shares, the shares are usually divided into two types of voting rights: high and low. Stocks with high voting rights have more decision-making power.
This is also the proper meaning, Cang Yaozu doesn't want to be Wang Zhidong, he still wants to be Bezos, the company will be out of control as soon as it is listed, which Cang Yaozu can't bear, even if the Internet bubble bursts in 2000, there is still an opportunity to repurchase shares. As for being ruthlessly driven away by capital, it is an unbearable burden of life.
At this stage, many companies have not implemented the AB share system, including Apple, Microsoft and Amazon, but they will also carry out share reform in the near future. This is also the reason why Bezos was able to control Amazon with 16% of the shares, oh, after Bezos's divorce, he only had 12% of the shares of Amazon, but he still firmly controlled Amazon, a trillion-dollar company.
There are many founders who have been kicked out of the company, and there are few guys who have few shares but still control the overall situation, to sum up, that is, to learn financial knowledge and legal knowledge, if you really can't learn well, then find someone who can learn well, in these two aspects, Ge Liqin and Melissa did help Cang Yaozu a lot.
Therefore, Sister Li has a very high status here with Cang Yaozu, not only because Sister Li gave Cang Yaozu the first pot of gold, but also because Sister Li specializes in law, and in the Western world, it is really difficult to move an inch without a lawyer.