Chapter 332 Draft Layout
The remaining US$120 million, triple leverage, was fully invested in Yahoo Japan, holding 5.7% of the equity.
As a shareholder of Yahoo Japan, Xu Liang knows very well how good the prospects of Yahoo Japan are.
And now eBay in Japan is still struggling with Yahoo! Japan, but the defeat is obvious, as long as eBay withdraws from Japan.
Yahoo Japan’s stock price will definitely skyrocket.
"Qinglong No. 2 Fund has raised so much money?" Xu Liang asked in surprise.
Qinglong No. 2 Fund started raising funds in mid-March, and it has only been two full months, but it has already raised US$1.1 billion.
Faster than expected.
At this rate, the fundraising amount of US$2 billion will soon be met.
“I am mainly proud of the excellent performance of our Qinglong No. 1 Fund.” Guo Shaojie said with a smile.
All investments made by Qinglong No. 1 Fund are triple leveraged.
As the loan interest rate continues to decline due to the continuous decline of the Federal Reserve Fund Rate, the interest rate of commercial loans has basically dropped to around 4%, and it can be even lower if sufficient collateral is provided.
That’s why international banks are jealous of Mainland China’s financial market.
For commercial loans in the Mainland, the interest rates are basically above 8 points.
Thanks to Jiang Xiaoyang’s relationship and the provision of collateral, the interest rate of Hanhua Xuanwu Fund can reach 7 points.
It’s a pity that there are domestic exchange controls.
Foreign investors can only drool with envy.
Under three times the leverage, the investment portfolio of Qinglong No. 1 Fund rose by 20%. After multiplying by 3, their actual floating profit could reach 60%, and their net income could reach about 45%.
As of now, the investment portfolio of Qinglong No. 1 Fund has risen by 15%, with an actual floating profit of 45% and a net income of about 23%.
Such a performance that few companies in the world can match.
It is precisely based on this performance that after the news of the financing of Qinglong No. 2 Fund spread, a large number of applicants gathered, and a huge amount of US$1.1 billion was raised in just two months.
However, this time there are only four target companies of Qinglong No. 2 Fund.
Toshiba, TSMC, Samsung Electronics and ASML.
This time except Toshiba which used triple leverage, he did not use leverage on the other three companies.
The reason is also very simple.
The next five years will be the era of MP3 and MP4. Regardless of MP3 or MP4, there is a key component - flash memory chip.
Toshiba is the dominant player in the field of flash memory chips.
It is foreseeable that with the rapid growth of the flash memory market, Toshiba's stock price will also rise rapidly.
So he wants to increase leverage.
But TSMC, Samsung Electronics and ASML are different.
Xu Liang knew they would rise, but he didn't know how much they would rise.
If the annual increase is no more than the loan interest, or just exceeds the debt interest, then its profit margin is very small.
In this case, it is better to just do value investing.
With Toshiba's income, even if the income of Qinglong No. 2 Fund is not as good as that of Qinglong No. 1, it will not be too ugly.
After investing heavily, Qinglong No. 2 Fund’s stake in Toshiba has exceeded 6%, and it is still growing.
After reading all the information, Xu Liang put it aside.
"Well done. After the US$2 billion is raised, invest it as soon as possible."
"Yes."
After letting Guo Shaojie leave, Xu Liang pinched it with his fingers He pinched his eyebrows to relieve physical fatigue.
Compared to the smooth financing of Qinglong Fund.
The financing of Xuanwu Fund and Phoenix Fund is much slower.
The former invests in unfinished buildings. It is still in the investment stage and has not yet seen a return.
If it weren’t for the brand name of Hanhua Capital, and real estate is a relatively stable industry, I’m afraid there wouldn’t even be investors.
In comparison, Phoenix Fund is slightly stronger than Xuanwu.
After all, the market position of Nanfu Battery is there. Although we haven’t seen much profit yet, we only need to do some research to know that this is a good project.
Then there is the Warriors, which has invested heavily.
In the 2001~2002 season, the Western Conference ranked last in the Western Conference, and it was in the sports industry. People couldn't help but doubt Hanhua's operational capabilities.
So both funds are in need, and they are all supported by the Hanhua brand.
After walking around Hanhua, Xu Liang returned to No. 33 Baijia Road.
Dingle bell….
The phone rang.
Picked it up, looked at it, and pressed the answer button.
Rick Gordon's excited voice came over.
“Boss, the draw is over, we got the number one pick.”
Xu Liang couldn’t help but tremble in his heart.
Although an agreement has been reached with Stern long ago, as long as things are not implemented for a day, there is a possibility of accidents.
Now that the dust has finally settled, he is relieved.
"Well done. Now we can start negotiations with the Magic City Oriental Team and the Basketball Association."
"Boss. Do we have to choose Yao with the No. 1 pick? I admit that he is An excellent player, but this is the No. 1 pick..."
Xu Liang interrupted him with a stern tone.
"Rick, I don't care how much help Yao Ming can bring to the Warriors' competition. What I want is the Chinese market. What I want is to make money. Do you understand?
So I must choose him for the damn No. 1 pick. , and also give him the main center position of the Warriors. If anyone dares to set up obstacles, let him get out."
The firm attitude and cold tone made Rick Gordon feel angry. It was the first time I encountered this attitude from the big boss, so he said quickly.
"Okay, boss. Your will will be implemented by the entire Warriors."
"Just understand. Is this year's draft list out?"
"Fax me a copy."
"Okay." Not long after, Xu Liang got the 2002 NBA draft list.
Rick Gordon did a good job. In addition to the list, he also appended the playing characteristics of each player, as well as draft analysis from sports media including ESPN.
Xu Liang took a look and found a lot familiar.
Mike Dunleavy, Drew Gooden, Juan Wagner, Nene Hilario, Amare Stoudemire, etc.
These rankings are very high.
He is relatively familiar, ranked in the first round, but relatively low down is the 'Little Prince' Tayshaun Prince. According to ESPN's predictions, his draft pick is around 20.
"Prince is pretty good."
Xu Liang touched his chin and thought to himself.
This guy is a typical Gibbon, with excellent defensive ability and good scoring.
And he has a quiet personality and doesn't cause trouble.
"With Prince, plus Billups and the big guys inside, most of the Pistons' defensive system is complete. In addition, Yao Ming's defense is not bad either. As long as the run-in is complete, The Warriors are one of the strongest defensive teams in the league."
Thinking of this, Xu Liang's eyes became brighter and brighter.
But soon he frowned again.
Although Prince's draft pick was not high, he was still in the first round.
In addition to the No. 1 pick this time, the Warriors also received the No. 30 pick.
If nothing else, no, it should be said that it is definitely the second round. Although the second round is relatively high, the chance of selecting Prince is slim.
"It would be great if we could get the Pistons' first-round pick in this exchange."
Xu Liang said.
Just as he was about to call Rick Gordon, he stopped again.
“Read the list first and then talk about it.”
After reading the list predicted for the first round, then look at the second-round list predicted by ESPN and other media.
Soon I saw a familiar name and my eyes lit up.
"Carlos Boozer? Second-round pick?"
He is very familiar with this.
‘Yao Ming’s Nemesis’, ‘CIC Monster’, ‘Rebel Boy’.
Although the former is exaggerated, there is no doubt about Boozer's strength. He was a 20+10 All-Star at his peak.
If he can be selected, he will definitely be a great addition to the Warriors' lineup.
However, this guy is typically strong in offense and weak in defense, and he plays the power forward position, which does not fit in with his plan for the Warriors' lineup.
What he wants is a coolie power forward, not to compete with Yao Ming for the ball.
Keep looking back.
Another familiar name.
Luis Scola.
This one is more familiar.
In several seasons with the Rockets, he averaged 18 points and 8 rebounds per game, was on the verge of an All-Star, and had the strength to be a starter for a strong team.
“What a pity.”
Scola, like Boozer, both attack the strong and defend the weak.
If you enter the Warriors' lineup, you can only play as a substitute.
But even so, Xu Liang did not intend to let go of two missed opportunities. After all, this kind of opportunity was too rare.
If you don't need it yourself, you can sell it in exchange for the players you want.
And both of them shoot well, so they can try to play small forward.
Thinking of this, Xu Liang picked up his cell phone and called Rick Gordon.
"Boss."
"Have negotiations with the Pistons begun?"
"The playoffs have just ended, and I am starting to prepare here. But don't worry, I will send someone to contact the Pistons immediately."
After agreeing, Xu Liang said: "When negotiating with the Pistons, try to bring them this year The first-round pick is coming, and I can add some weight if necessary."
"Understood."
"I also need a bottom-ranked first-round pick."< br>
This is what he prepared for Boozer.
For a person ranked as a second-round pick by the media, even if he enters the first round, the probability of his position will not be too high.
Taking a step back, even if Boozer's draft pick is above 20, he can still choose Scola, which is not a waste.
In addition, if the Pistons do not agree to give up the first-round pick, Prince can also be selected for this pick.
Although Prince's ability is not as good as Boozer, the former is more suitable for the Warriors' current lineup.
“Boss, which player should I exchange for?”
"It's up to you."
Xu Liang doesn't care.
“Understood.”
Shortly after hanging up the phone, Lu Hui opened the door and walked in.
"Mr. Xu, Mr. Kevin Hannon, President of Standard Chartered Bank Xiangjiang Branch, would like to visit you."
Hearing this, Xu Liang instantly understood that he was pushed out by Standard Chartered to explore the way.
“Promise him.”
“Okay.”
(End of this chapter)