Wait until the entertainment industry festival is over.
Chen Pingsheng still met many old acquaintances from the past, such as Yang Mi, Liu Yifei and others.
Also like Zhao Liying, Shishi and others.
The entertainment industry, which was so popular in the past, has now been beaten by short videos and short dramas and has no power to fight back.
He shook his head and didn’t think much more about it.
The days are long, and it’s mid-October in the blink of an eye.
While he was making tea at the group headquarters, looking at the clouds and shudding in the Great Demonic City.
Big news came from the real estate industry. The once-famous Hengda Xu Belt was completely devastated.
And the amount of debt he revealed this time was as high as two trillion.
What is the concept?
Numbers beyond imagination.
This has also dealt a heavy blow to the current turbulent real estate industry.
To say how exaggerated this debt is, most people’s heads will explode when they hear it.
Brother Belt has really gone too far this time.
Including the listed companies that were dragged down by Xu, if there are not thirty, they will not be lower than seventeen or eighty.
As soon as the news came out, it can be said that the entire financial world was shocked.
This is not the scariest thing.
The most terrifying thing is that in some places, just a gate is built, but the houses are sold out.
So many house buyers are still waiting to take possession of their houses. You can tell how big the contradiction will be.
If something goes wrong, it must be resolved. Brother Belt has been restricted from freedom.
As for the car building thing he did, it was just a joke.
Even Peng Ying called him and said that many relatives in his hometown had bought off-plan properties in Hengda. What should he do now?
What else can be done?
Just wait for the top to clean up the mess.
Peng Ying asked again how many years it would take to wait?
In fact, Chen Pingsheng didn't know. It might be three years, five years, or ten years.
Who can say for sure?
If housing prices are rising rapidly, it would be easy to find a buyer for such an unfinished building after two years.
Once housing prices stabilize, they may even go down.
It is impossible for a private company to take over. That is not called a good thing, but called being taken advantage of.
The most seriously injured people here are definitely those who paid a down payment and repaid the loan on time but could not get the house.
If you don’t experience the pain of these people and just look at a report on the table, you won’t be able to appreciate the feeling of despair.
Tang Jing also came to see him, saying that it was Song Shuiqing's husband's family and Tang Li's mother came to see him.
The one who couldn’t be stopped. Also coming with her were Su Xiaoxi’s mother and Su Changlin, the chairman of Su’s Real Estate.
“Let’s arrange for them to go to the living room.”
Chen Pingsheng knew that these people came here mainly because they couldn't hold on anymore. He had actually said before that there was no need to come to him until the moment when he couldn't hold on anymore.
But once Xu Tie’s thunder explodes, life for these people will be in big trouble.
The most intuitive point is that no one dares to buy off-plan property anymore.
This is equivalent to cutting off the cash flow of real estate developers to a great extent.
This wouldn’t have been such a big trouble a few years ago, but now, not having money is really life-threatening.
The four of them waited in the living room for about half an hour before Chen Pingsheng arrived late.
It's not that he's trying to show off, he just wants them to understand that if they want to borrow money from him, they shouldn't talk about indifferent friends and relatives.
Really show your assets, such as undeveloped land or commercial real estate.
Coming to him to borrow money with nothing but interest, doesn’t that make him a fool?
If we talk about interest at this time, we will lose the principal.
Tang Jing sat here with him, holding a notebook in his hand to record the meeting.
Chen Pingsheng said: "I know why you are here, and I also know what your current situation is. I won't talk nonsense. It is impossible to borrow money, but I can pass it. Some other means are used to acquire some assets in your hands, and now you can speak. "
Strong, as strong as ever.
There is no way, I can't find a reason to refute it. Who knows that at this time, he is the only one who has a lot of money in his hand.
Mother Tang thought for a while and said: "Sheng Chen, you have the Institute of Global Economics, and I can't hide anything from you. Then I will tell you the truth. Our Tang family has a total debt of 190 billion, and we still have land in our hands. The reserves are no less than 120 billion. Counting those unsold houses and business assets, the total assets are significantly higher than the total liabilities.”
"It makes no sense to say this."
Chen Pingsheng said: "Everyone knows that you still have a large amount of land reserves in your hands. If you calculate this year, it may be worth 120 billion, but next year you may It will only be worth 100 billion. If you wait another year, it will only be worth 80 billion. Now The biggest problem is that land assets will depreciate over time, but liabilities will not. On the contrary, the interest generated by liabilities every day is an unimaginable amount for you.
"This is positive and negative. I believe there is no need for me to calculate the difference between them. ”
The expressions of Tang’s mother and her son Tang Li changed again and again. The actual situation is exactly as Chen Pingsheng said.
This is the most troublesome, and in the hearts of the Tang family and the Su family The last bit of fantasy is to wait for the top to come to the rescue
There are many ways to rescue the market, and the most direct one is to open the floodgates and release water.
Borrow bank funds to provide them with liquidity. Another option is to issue trillions of additional funds just like in 2008.
“My Tang family has two pretty good residential plots of land, one in Jing’an and one in Jinshan. Our family bought these at the end of last year. One piece is 12.8 billion and the other is 9.8 billion. I can give you the original price. For sale.”
All real estate companies stock up on land in advance every year, which is a normal operation.
It's just that Tang's mother underestimated Chen Pingsheng, although he wouldn't have added insult to injury.
But I definitely won’t be the one to take over the land that was acquired at the end of 19.
To be honest, the land at that time was considered to be at a high level.
In the future, the polarization of houses will be quite serious.
The core areas are still a little stable, but those slightly more remote locations are simply ignored.
In this case, if he goes to the ground at the original price, he is not a fool.
"To be honest, last year I asked Shui Qing to repeatedly remind the Tang family to throw away everything that should be thrown away. I really didn't expect that you would dare to spend tens of billions to hoard land under such circumstances."
Chen Pingsheng shook his head and said: "Our group, including myself, has already made an assessment of this situation. Perhaps In less than three years, housing prices will return to the level they were in 2015. If you sell the land to me at the price in 2019, tell me who should I go to to make up for the price difference in the past four years? "
In the mall? It is very realistic. It is impossible for Chen Pingsheng to spend billions more for no reason because of Song Shuiqing's relationship.
That’s really a fool.
Besides, even if the Tang family sells these two pieces of land at the original price, they will still lose a lot.
Without it, bank interest.
Most of the money of real estate developers comes from banks and pre-sale funds from home buyers.
Under normal circumstances, once the land is purchased, it will be used to apply for a bank loan immediately.
Then use the money to develop the land, build a sales department and start selling it.
After a set of procedures, real estate developers can earn between 10% and 15% of net profits.
This is still a very ideal situation, but the current situation is that the house cannot be turned around.
The bank interest must be repaid, and the land is stuck here. If it cannot be sold after development, it will be even worse.
No matter how the Tang family takes these two pieces of land, even if they don't do anything, they will sell it to him at the original price.
We will lose at least 17.8 billion.
He is buying it now at a high price, if he does not take out a loan and there is no interest.
You will also lose the difference in price over four years.
The house price in 15 years can only correspond to the land price in 15 years.
Mother Tang almost took a breath. She wanted to ask if this was serious? Back in 2015, don't tell her that the Tang family was going to die.
Can two of the top ten real estate developers in Shanghai still survive?
The Su family with higher debts will definitely die faster than her Tang family.
The Tang and Su families broke up on bad terms, mainly because the price offered by Chen Pingsheng was too outrageous.
If they sell the land at the 15-year land transaction price, they will lose money.
Don’t look at the superficial glory of real estate developers. That is only when nothing happens. Once something goes wrong, nothing will be stable.
After they left, Tang Jing asked him: "Big boss, why do you want to take over so much land?"
"Of course it's used to build houses."
Chen Pingsheng said: "I have so many employees. If I squeeze out the bank interest and land premium, most of the ordinary employees can still settle in the magic city. If we don’t squeeze out this water, Jinshan will cost 30,000 to 40,000 yuan per square meter. If we add the public share, we will probably only contribute to this house in our lifetime.”
The small money in the hands of employees, then. It is impossible to squeeze out the moisture from these real estate properties.
Only he can do it, and there are too many employees who hope that he can retake the land and build houses.
The latest chapter of this novel was first published on 6@9书#, please go to 69书吧 to read it!
The houses Tengying had built before were completely insufficient.
Now a number of villa areas have been built.
As a boss, he cannot think only of himself.
......
Mother Tang was so angry when she left. She thought Chen Pingsheng was too insincere.
He actually frightened her with a 15-year land price. She believed that this day would be impossible.
No matter how difficult it is to sell the house, the superiors will not allow the house price to drop to that level.
People who have bought a house will also not be happy.
It can be said that once housing prices really drop back to 15 years ago, she has no idea what the result will be.
As for the Su family, they naturally have the same idea as her.
Even if the two of them died, they would not sell off their family's high-quality land assets so quickly.
If this is sold, there will really be nothing left.
The biggest expectation in their hearts is that the higher authorities will rescue the market. They cannot watch the house continue to depreciate in vain.
In fact, the house has not reached the stage of depreciation. It is just priceless and unsaleable.
This is essentially the same as cutting meat with a soft knife.
I waited and waited, but the internet was full of news about Brother Belt.
The biggest things Brother Belt has done in the past few years are building cars and football.
Football is a thing that seems to be very prosperous in recent years.
Any domestic football player can easily earn tens of millions in annual salary.
It can be as high as hundreds of millions or even hundreds of millions.
The concept of Jinyuan Football is clearly played by Brother Belt.
If it weren’t for the World Cup, ordinary people would think that Chinese football is truly world-class.
When you catch up with the World Cup, your true colors will be revealed immediately.
After all, there is no way to bribe the other team’s football players.
Once they cannot be bought with money, those small countries in war will be able to defeat these domestic football teams.
Brother Belt, who used to have statues everywhere, is now trembling and in danger.
As for Chen Pingsheng himself, he has given standards to everyone who wants to borrow money from him.
You can only get money by selling core assets.
And his standards for pricing those core assets are extremely low.
In late October, Wang Yanfeng’s father quietly came to Shanghai.
After talking to Chen Pingsheng for almost an hour, I didn’t know what was confirmed.
The business assets of Lao Wang's family are still very stable, but it's a pity that this shopping mall veteran is also unstable now.
After he returned home, Song Yanxi asked him what was going on.
Chen Pingsheng said: "Lao Wang plans to sell me some shares of Wanda Commercial Management."
Wanda Commercial Management is a well-known commercial asset in China. Just look at it. Just look at the Wanda Plazas that are being developed everywhere in China.
"How much does he price?"
"180 billion, and plans to sell 20%."
"The valuation in the first two years was still 200 billion."
"Almost! ”
Chen Pingsheng said: “He wants to complete the domestic A-share listing through a gambling agreement. This is a risky move. It’s a good thing if it works out. If it doesn’t work out, so many years of hard work will be in vain.” Wasted.”
Song Yanxi said: "It can be seen from this that companies lack cash reserves, which can really kill people at critical times. These companies used to use crazy loans to expand, but now the situation has changed, and everyone is wearing a tightrope. Fortunately, Our family has never had any loans for so many years.”
“Yes. You can sleep well without a loan."
Chen Pingsheng said: "We don't actually have much reserve funds, but with Nvidia shares there, we can draw out one or two billion US dollars at any time."< br>
It is also because there is no bank loan that the two of them do not need so much cash reserves.
No one is urging them to pay back the money, so they need too much cash.
"Are you planning to buy his Wanda shares?"
"That's a little bit of the idea."
Chen Pingsheng said: "In any case, the rental income from his Wanda Commercial Management is still It is extremely stable, and after so many years of operation, if we win it, it will be a great benefit to the business layout of the entire Tengying Group. The most important thing is This kind of rental income is very stable now. The only pity is that he is only willing to sell 20% at most. I am not very interested in this kind of equity that cannot be controlled. "
"You want to buy his controlling stake. I’m afraid it’s difficult?”
“It’s probably impossible now, who can say for sure in the future.”
Chen Pingsheng was too lazy to think too much. Since he couldn't buy a controlling stake, he didn't want it.
If you want to make money in the past, you have to grow those small businesses step by step.
But things are different now. If you have patience, there are a lot of high-quality companies waiting for him to choose.
All he needs to do is discern gold.
Whether it is the Tang and Su families or Lao Wang’s Wanda Commercial, it is because they have not yet completely reached the point of despair.
When they get to that point, they will realize that they have to sell even if they don’t want to sell.
In the past few years, the most important thing for Chen Pingsheng has been to defend his family's fundamentals.
It doesn’t matter that the traditional sector loses more than ten or two billion a year.
Everyone is losing money, and it is difficult for him to stand alone.
The most important thing is to take off New Energy and truly become a world-class enterprise.
and the AI intelligence in which he has invested heavily.
As for the rest, the core is big investment.
There is also great news. Nvidia’s stock price has also exceeded 600 billion US dollars.
When it reaches 700 billion US dollars, he may cash out the principal.
Roughly 1.5% will be cashed out first to meet the investment needs of the entire group in 2021.
In fact, he is really not short of money at all.
(End of this chapter)