Chapter 366 Jiang Xiaoyang’s Persistence
“Although Xuanwu Real Estate Investment Fund has raised a lot of funds, it is still far behind the projects we want to invest in. Therefore, we want to cooperate with Standard Chartered.
Xuanwu Real Estate Fund is responsible for acquiring projects in the mainland.
For each project, Xuanwu Real Estate Fund pays 40% of the land payment, and the remaining 60% is paid by Standard Chartered loans," Xu Liangdao.
Kevin Hannon did not immediately comment.
Although China has joined the WTO, the financial market is not open. Although Standard Chartered Bank has a branch in China, it is not allowed to engage in Huaxia currency business.
That is, if both parties cooperate.
Xuanwu Real Estate Investment Fund must find itself a guarantee.
Otherwise, once a breach of contract occurs, it will be difficult for an external financial institution to impose compulsory preservation on projects in mainland China.
However, with Xu Liang’s current status and identity, it is not difficult to find a guarantor.
"If the project land purchased by Xuanwu Fund is used for mortgage loans, how will you complete the later construction?" Kevin Hannon asked.
"Advanced development. The construction unit advances funds for development, and the project investment will not pay the money until the first phase of the project is completed. This can delay the payment of funds after one year.
As for the funds Source, I plan to list Fuhua Apartments under the Xuanwu Real Estate Investment Fund, and then use the raised money to pay for project development expenses based on the equity of real estate appreciation.
Kevin Hannon quickly asked, "What about the loan? How are you going to repay the loan and the interest that accrues on it?"
"The interest on the loan and the interest on the loan, paid back in rent."
Xu Liang has two major real estate investment projects.
One is Hongyan’s No. 2 real estate investment fund.
One is the ‘Xuandu Real Estate Investment Fund’ owned by Hanhua.
The former is his own money. He does not want to use too much leverage and focuses on stability.
The latter is other people's money, so it doesn't matter.
On the basis of combining previous knowledge, play with confidence and boldness, as long as you don't waste money.
Even if the calculation is wrong and he loses some money, he doesn't feel bad.
Kevin Hannon looked thoughtful. He is also an old man in the financial industry. Although his investment ability is not outstanding, he has rich experience. He could keenly realize that Xu Liang's plan was indeed feasible, but it also hid great risks.
"Mr. Xu, the real estate industry is cyclical. Your plan will be no problem during the up cycle of real estate. If it encounters a down cycle, the bank will definitely need to add additional collateral, and the bond equity will fall. Coupled with unpaid loans and interest, the three together can easily destroy your fund."
Xu Liang smiled, Kevin Hannon's analysis was accurate.
Twenty years later, the real estate companies represented by "Big" fell like this.
But he is different from others. He clearly knows all the real estate cycles in the next twenty years, so there is no problem of being squeezed out.
Of course, this reason will definitely not convince Kevin Hannon.
“Kevin, China’s real estate industry has just developed and is not as mature as the United States and Europe. Even if it encounters a down cycle in the future, it will only lose part of its value. And I dare to assert that even if the remaining The value is definitely higher than the current real estate price, so the risk is not as high as you think.
Furthermore, the real estate industry is a relatively low-risk industry, compared with the risks of your loans to small and medium-sized enterprises. Much lower.
In addition, our cooperation is long-term, and Standard Chartered will also have stable profit channels.
Finally, I am a major shareholder of Standard Chartered and will not risk harming my own industry. ”
Kevin Hannon nodded slightly after pondering for a long time.
As Xu Liang said, the risks in the real estate industry are indeed much lower than those in industrial investment.
< br>What's more important is that Xu Liang is about to become a director of Standard Chartered and his immediate boss. Things within the rules must be given some face.
"As long as it is within the rules, Standard Chartered will not refuse to cooperate with Hanhua." Kevin Hannon said.
"This cunning guy."
After Xu Liangliang cursed, he smiled and said: "Of course it must be within the rules."
After saying this, the two of them Looking at each other and smiling, everything goes without saying anything.
After Kevin Hannon took him around the Standard Chartered Xiangjiang headquarters, Xu Liang left.
Instead of going to Han Wah, I returned to 33 Barker Road.
Jiang Xiaoyang is still at the company and has not returned.
Xu Liang came to his office.
Lu Hui came over.
"Mr. Xu, Mr. Xia just called. He has arrived in Paris and is about to start preliminary negotiations with Vidywang. In addition, he reported that in addition to our Hongmeng, Microsoft, Sony, Nintendo, and EA are in All the gaming giants in the country are here.
Competition is fierce and prices may exceed original expectations. ”
After Vivendi reported that it would sell off its assets to repay debts, global investment institutions and companies gathered around it.
Major game giants are also eyeing Vivendi Games. A piece of fat.
However, in the previous life, due to the fierce competition between major companies, Vivendi's appetite was stimulated, and it was always difficult for the two parties to reach an agreement, so that the negotiations became longer and longer
Wait until Warcraft 3: The Frozen Throne comes out.
It sold 10 million copies in less than half a year.
The peripheral income brought is several times that of game income.
Vivendi is naturally reluctant to sell such a big piece of gold.
"Tell Xia Wei, don't rush to reveal your trump card. Let's look at the prices of other companies." Xu Liang said.
This negotiation will definitely not be concluded in a short time.
He could still afford to wait.
“Okay.”
After Lu Hui left, Xu Liang sat on the sofa and pondered for a while, then took out his mobile phone and called Sha Zhigang. The call was quickly connected.
“Mr. Xu.”
"Lao Sha, how much has Xuanwu Fund II raised so far?"
"USD 810 million, and we can raise USD 1 billion in at most two months."
Sha Zhigang said excitedly.
"That's good. By the way, I have already negotiated with Standard Chartered. You can just connect with Standard Chartered as planned."
"Mr. Xu, that's great. Our Xuanwu Fund can finally do something big.”
Sha Zhigang said happily.
The two phases of Xuanwu Fund add up to US$1.5 billion. According to the plan he had previously discussed with Xu Liang, he can leverage US$3.8 billion and 31.2 billion Chinese coins.
According to the current purchase price of unfinished building projects in first-tier cities in China, one can own an apartment area of 3.5 million to 4 million square meters.
Enough for Xuanwu Fund to be busy for two years.
"Don't just be happy. I got the money for you. If there is a problem with the project, don't blame me for being rude to you." Xu Liang warned.
"Mr. Xu, don't worry. I, Lao Sha, have been sleeping on the construction site for the past two years. If anyone dares to look down on me, I will fire him. I guarantee to you that the company will complete all construction projects with quality and quantity."
Sha Zhigang promised.
"As long as you have this determination, I'll wait and see how you perform."
"I definitely won't disappoint you. ...By the way, Mr. Xu. I have collected some more during this time. I have sent the information of several projects to your mailbox. If you have time, please take a look and leave a comment. ”
“I know, I will take a look. ”
After a few final chats, Xu Liang hung up the phone.
Opened my mailbox on the computer and found the information he mentioned.
Mainly four unfinished building projects in Magic City.
The first is the Dazheng Triangle Plaza [Baokuang International Building] in the North Bund. Construction started in 1994 and stopped in 1998. It is located in the core area of the North Bund, with a construction area of 78,400 square meters and an estimated value of 280 million Chinese dollars.
The second one is Baotong Building [Feizhou International Plaza], located in the core business district of Xujiahui with convenient transportation and a construction area of 80,000 square meters, including 30,000 square meters of commercial area, with a valuation of about 300 million.
The third one is Hongbang International Building, with a construction area of 97,000 square meters and an estimated value of about 350 million Chinese dollars.
The fourth one is Junhao International Apartment, with a construction area of 80,000 square meters and an estimated value of about 220 million Chinese dollars.
The fifth is ‘Donghai Plaza’, which was started in 1994 and stopped in 1998. It has a construction area of 135,000 square meters, a debt of 540 million Chinese dollars, and an acquisition of about 200 million Chinese dollars.
The location advantages of the five projects are very good.
Especially Dazheng Triangle Plaza and Baotong Building, the former is located in the core of the North Bund, and the latter is located in the core of Xujiahui, and is located at the corner of two main roads, with convenient transportation and huge appreciation potential.
"Lao Sha knows how to choose projects, which is good."
After briefly considering it, Xu Liang added his own opinion.
Basically I agree.
After finishing this, Xu Liang read through other work emails in his mailbox before heaving a sigh of relief.
“Lu Hui, what time is it now?”
"There's still half an hour until five o'clock."
Xu Liang nodded, stood up and put on his coat.
Drove to Chinatown, picked up Jiang Xiaoyang, and went to the Peninsula Hotel for dinner.
“I really don’t think it tastes good, how can it be rated as three Michelin stars?”
Xu Liang cut a piece of beef and put it in his mouth, complaining as he ate it.
Jiang Xiaoyang glanced at him.
“Good things need to be tasted slowly to appreciate the taste. It’s weird to be able to taste good things when you eat them in big mouths like a cow chewing peonies.”
“Then it’s over. . I just like the feeling of eating a lot of meat and drinking a lot of wine." Xu Liang said with a smile.
He has a big appetite. If he chews carefully and slowly like Jiang Xiaoyang, he will not be full for several hours.
Jiang Xiaoyang knew his eating habits, so he smiled and didn't say much.
Xu Liang emptied the beef on the plate and took a sip of red wine.
"The acquisition of Suguo is completed, what is the next goal?"
Jiang Xiaoyang put down his knife and fork and said seriously.
“A thousand birds in the forest is worse than a bird in the hand. I still plan to use Suguo as the core, continue to acquire other supermarkets, and continue to expand Hanhua’s share in the retail industry.”
Xu Liang nodded.
"I won't interfere in your decision, but Hanhua must withdraw from the offline retail field 10 years ago."
"Are you not optimistic about the future of the retail industry?" Jiang Xiaoyang couldn't help but ask.
“I am optimistic about the future of online retail, but not offline. The impact of e-commerce is far greater than you think.”
Xu Liang recalled the events of his previous life memory.
Under the impact of e-commerce, even China Resources Vanguard, a national offline retail leader, has closed a large number of stores, which shows how bad the current situation of the retail industry is.
Jiang Xiaoyang nodded after thinking for a moment.
Since she met Xu Liang, she has never seen him make a mistake in judgment.
(End of this chapter)