Chapter 567 Revenue of Pacific No. 1 Fund
“Mr. Xu, I’m gone.”
“Well. You go and have a rest.”
Lv Hui clicked He nodded but did not leave.
“Is there anything else?”
Lu Hui gritted her teeth and said, "Mr. Xu, between you and Mr. Xie..."
"Haha, Lao Xie and I have been in a relationship for many years. There is no misunderstanding that cannot be resolved. Don't worry."
< br>Lu Hui nodded and walked out of the room with heavy steps.
Looking at her back, Xu Liang smiled and shook his head.
He had no intention of telling Lu Hui the details of the bitter plot between himself and Xie Wen. The key to a secret being a secret was not how clever it was, but how few people knew about it.
——
"Mr. Lu, are you going back to the company?" the driver asked.
"I'm not going. I'm a little tired today. Let's go home first."
What's very strange is that he who once hated it so much now actually accepts it.
The two people had their own opinions and quarreled. ”
He stood up suddenly, walked to his desk, picked up the phone on it, and quickly pressed the button.
The laughter was particularly harsh in Lu Xiaobo's heart. He snorted coldly and hung up the phone abruptly.
“Okay.”
Take out your mobile phone and dial the number you least want to dial.
Public opinion makes gold, but accumulation destroys bones.
"Dear Lou, do you have any good news for me?"
Throw the phone away.
Dudu…….
Lu Xiaobo took a deep breath.
Arrived at his mansion in Los Alto.
The phone rang for a while and then connected.
Listening to the blind tone coming from the mobile phone, the smile on Ellison's face gradually subsided.
You immediately activate our relationship and spread the word. "
"Stupid yellow-skinned monkey, is he worthy of negotiating terms with me? ”
After coming to the study and closing the curtains, Lu Xiaobo made himself a cup of coffee. After drinking it slowly, the idea in his mind took shape.
"What Lu heard with his own ears should not be completely false. However, whether it is true or false, we must make them true."
"This is indeed good news." Ellison said .
After a moment of silence on the phone, "Can you tell me the content of the contradiction?"
"Of course. ...Xu Liang felt that Hongmeng had strong capital and wanted to acquire Vivendi Global as soon as possible to lay the foundation for Hongmeng. The future development of the company's pan-entertainment business.
But Xie Wen believes that Vivendi Universal is only worth US$9.4 billion and firmly refuses the French's sky-high price of US$14.5 billion.
"Larry, are you sure this is true?"
"Haha, how could it be? You are my close ally, Ellison."
"Ellison, I do have good news here.”
Public opinion is never true or false, only its influence.
Lu Xiaobo’s news was indeed very useful to him.
But I just don’t know if this is true or not.
“Because of the Vivendi Global matter, Xu Liang has already had a conflict with his best assistant, Hongmeng COO Xie Wen. I heard their quarrel with my own ears.”
And it’s time for you to return what you promised me. "Lu Xiaobo said in a deep voice.
This is the best news for companies such as Oracle and Google.
"Haha, dear Lu, the price we agreed upon was , after you ask Hongmeng to acquire Vivendi Global, I will return the things to you.
"It is precisely because of Xie Wen that it has been difficult for Hongmeng Company to acquire Vivendi Global. Now that the conflict between him and Xu Liang has become semi-public, Hongmeng's internal instability will greatly affect the company's development.
Lu Xiaobo is very sure that he still hates damn Ellison’s frivolous tone.
“I hope you will keep your word, otherwise I will be ruined and you won’t be able to live well. ”
After Lu Xiaobo suppressed the anger in his heart.
There was a hint of thought in his eyes.
Now that things have not been done, how can you get things back? That's not how deals are talked about. "
"Lu, I'm ready, you can say "Xiao Tiantian". "
"You.... "
"Howard, I got news that Xu Liang and Hongmeng COO Xie Wen had a conflict over the Vivendi acquisition.
Howard obviously knows this too.
"I'll have someone spread the word right away."
"By the way, let the two guys from Google take action. We can't always be left to rush to the front while they sit back and enjoy the results."
"Yes."
——
After nearly a month of disposal, all the soybean spot held by Hanhua was handed over to Fengsheng Agriculture Company, which has become a subsidiary of Hongyan Fund.
"Mr. Xu, Harvest Agriculture has taken over all the soybean reserves from Pacific No. 1 Fund. A total of 26.9 million tons of soybeans, with an average purchase price of 6,000 yuan/ton."
In just one month, the price of soybeans has increased. The price has increased by 300 yuan compared to before.
“A total of 161.4 billion Chinese coins have been consumed.”
Xu Liang calculated that 161.4 billion Chinese coins are equivalent to 19.53 billion U.S. dollars. The current cash reserves of Hongyan Fund are enough to cover the payment. this funding.
But as a mature capitalist, of course he would not use precious working capital on such inefficient matters.
He only paid 10% of the principal, and then took out a mortgage loan with Standard Chartered Bank, HSBC, and ICBC.
With a huge amount of soybeans as collateral, the interest rate on the loan is not high.
"Mingcheng, harvest agriculture does not need to keep so many soybeans, keep 15 million tons of soybeans, and sell the rest. Remember, don't sell too much at once, sell 1 million tons every week That’s good.”
Qiu Mingcheng nodded.
“Also, you should contact the major domestic oil extraction companies to see if they have any intention to sell. If so, buy it.”
"Understood."
"Lao Xia, you should pay more attention to soybeans."
Xia Changsheng, CEO of Hongyan Fund, who also appeared in the video, agreed.
After a few more instructions, Xu Liang cut off the video with Qiu Mingcheng.
“Lao Xia, have you applied for the trust company’s license?”
"The application has been approved, and the staff is ready, ready for business at any time."
Xu Liang nodded.
For the future of himself and his family, Xu Liang established Hengyuan Trust, an independent trust subsidiary under Hongyan Fund.
When his child is born later, a separate trust plan will be established under this trust.
"Mr. Xu, do you need to carry out specific business?" Xia Changsheng asked.
With Xu Liang's current status and his demonstrated financial capabilities. As long as he is willing, countless wealthy families will hand over part of their assets to Hengyuan Trust for management.
"It won't be used for the time being. I will let you know when it is needed."
Xu Liang has already divided the business of Hanhua and Hongyan.
Hanhua is all open to the outside world, while Hongyan is only responsible for himself and the subsequent Xu family.
So, Hongyan will not have any external business.
Xia Changsheng responded, "Mr. Xu, the Jiulongyu tourist resort we invested in Yidu has been completed.
Do you think we need to continue investing?"
Jiulongyu The tourist resort is a project invested by Xu Liang in his hometown.
The total investment is 50 million Chinese coins.
Later it was increased to 100 million, and the entire Jiulong Valley was included in the development plan.
"Take some videos and show them to me first."
"Okay."
"In one year, Sanwei Mining Company has almost been integrated. Regarding the company's next development , have you discussed it with Luo Hong?" Xu Liang then asked.
"We have discussed it. It is mainly divided into two steps.
First, invest in expanding the production scale of Lop Nur potassium salt, and strive to increase the annual output to 10% in two to three years. 1.2 million tons.
Second, continue to expand the scale of 3D Mining Company.
However, we are still not sure about the main line of future development of Sanwei Mining. In the end, it will continue to expand downstream and develop the fertilizer business with the help of Lop Nur potash and Turpan potash.
Or continue to buy new mines and become a pure mining company? "
Xu Liang said, "It should be easier to make fertilizer, right? ”
“Yes. At present, the domestic potash fertilizer shortage is huge, and more than half of it needs to be imported every year. If we make potassium fertilizer, we basically have no worries about the market. If you continue to buy mines, you will basically have no chance at home, and there will be various uncontrollable risks abroad. ”
The distribution of potassium salt resources in the world is very uneven, with most of them distributed in Canada, Belarus and Russia.
The proven reserves of these three countries account for 31%, 21% and 17% of the world's total proven reserves respectively. They account for 70% of the global potassium resources and belong to the first camp.
The next countries in the second camp, including China, the United States, Chile and Germany, accounted for only 6%, 5.7%, 4.3% and 4.2% respectively.
Looking at the type of potassium salt resources, the vast majority of potassium salt mines in the world exist in solid form. For example, the Saskatchewan Salt Mine in Canada is the largest potassium salt mine with the thickest mineral deposits in the world. Salt mine is a solid mineral with total reserves reaching an astonishing 18 billion tons.
Russia's Slovakia Salt Mine and Belarus's Stanrobin Salt Mine have total reserves of 12.9 and 10 billion tons respectively, ranking second and third in the world. They are also solid minerals.
The type of potash salt mines in China is basically different from the large mines mentioned above. Most of them are liquid minerals, such as the Qalhan Salt Mine in Qinghai mentioned above and the newly discovered Lop Nur Salt Mine.
Judging from the current exploration situation, domestic potash mines are mainly concentrated in inland lakes and dried salt lakes in the northwest and southwest regions.
Xinjiang, Qinghai, and Sichuan provinces are the largest.
As for solid potash salt mines, the distribution of Huaxia is pitiful. The only explored locations are Simao in Nanyun Province and Dawenkou in Tai'an in Qilu Province.
Moreover, the grade of Huaxia solid ore is not very high.
If Sanwei Mining Company expands abroad, Damao and Sanmao will have little chance. Their bad reputation is only slightly better than that of Sange.
Xu Liang would not dare to invest in such a country.
Canada does have a chance, but the best potash mines have long been carved up by others.
It is difficult to seize food from the tiger's mouth.
"Have you considered overseas expansion?"
Based on his understanding of Xia Changsheng, since he mentioned overseas expansion, he must have a certain plan.
Sure enough.
“Most of the potash resources in the West are monopolized by Western capital, and we have little chance. Africa is too far away, and we have no foundation, so we need to consider the long term.
But it is located in Southeast Asia Landlocked Laos is a big potash country. The Vientiane Basin and the Nakhon Ratchasima Basin in Khammouang Province have reserves of more than one billion tons, and prospective reserves are nearly 10 billion tons.
If we can win, Sanwei Mining will become the top potash mine and potash fertilizer giant in China and even internationally. "
Xu Liang smiled and said: "Laos has such rich potassium resources, but it has not been developed. There must be other reasons? ”
“I can’t hide anything from you. The biggest obstacle hindering the development of potash mines in Laos is transportation.
Without convenient transportation, the cost of developing potassium mines in Laos will be very high. According to the current international potassium mine prices, if we invest, the profit will be very thin. ”
Others don’t know, but Xu Liang knows very well that in twenty years, Laos’ transportation will be improved with the help of China.
A railway brings Chinese capital in droves.
But twenty years is too long, so there is no need to worry too much now.
“Let Sanwei Mining send an inspection team to Laos first, and then talk to the Lao government and see the results.
In the next two to three years, Sanwei Mining’s tasks , even if the fertilizer plant is built, it can also be purchased.”
“Understood, but in terms of funding...”
"You make a development plan first, and I'll take a look at it before we talk about it."
Xia Changsheng agreed.
Currently, Hongyan Fund has five subsidiaries in addition to its business departments including the Chairman’s Office, Audit Department, Legal Department, Information Department, M&A Department, and Investment Department.
Taihua Real Estate, Sanwei Mining, Hengyuan Trust, Harvest Agriculture and Jiulongyu Tourism.
After the two of them finished chatting about various departments and the company’s business.
"Lao Xia, how is the working group in South Korea doing now?"
"We are currently negotiating with the South Korean government and the South Korean Exchange Bank, assisted by people from Merrill Lynch, and with the permission of the U.S. government , it went quite smoothly.
The current controversy is mainly about Hynix’s debt portfolio plan.
We hope to only repay the principal and extend the repayment period to 15 years. They think 15 years is too long and only accept 5 years.
They are willing to reduce the interest rate to 4.1% and are unwilling to give up.
And they hope to pay US$2 billion in cash to repay debt after the deal is concluded, which is also something we cannot accept.
However, the negotiations have just begun, and South Korea has no other better options, so the chance of winning Hynix is still very high. ”
Xu Liang nodded.
Such a large-scale merger and acquisition will definitely require long-term negotiations.
It has just begun, and it is still far from signing a contract.< br>
"The acquisition of Hynix is the company's top priority, and everything else can be put aside."
"I will tell you any changes as soon as possible."
"Yes."< br>
After hanging up the video, Xu Liang sat on the sofa and pondered for a moment.
Took out the phone and called Jiang Xiaoyang.
The ringer rang for a moment before picking up.
“Why did you call me?”
“As the saying goes, you miss your loved ones even more when you are in a foreign land, so you call your wife to comfort her.”
< br>"Pain of lovesickness? There are so many beautiful young ladies in the United States who recommend themselves to be pillow mats. Will you still miss me, a yellow-faced woman who works all day long?" I have been keeping my integrity. Besides, I really can’t stand the smell of the old lady.
Those who don’t have body odor have longer hair than me.
I wouldn’t even be interested in such a beauty in my bed. ”
“That’s pretty much it. After all, why are you calling me? "
"Haha, isn't the Pacific No. 1 Fund unblocked? Let me ask about the income and expenditure. "Xu Liangdao.
"I knew you would ask. However, the funds of the Pacific No. 1 Fund are too huge and cannot be settled clearly for a while, so detailed financial statements will have to wait for a few days. ”
"About?" Xu Liang asked.
"Pacific No. 1 Fund raised a total of 2.846 billion U.S. dollars. After the oil speculation ended in March this year, it received a net income of 8.9 billion U.S. dollars.
Then it went long on soybeans with a total capital of 11.746 billion U.S. dollars.< br>
The total holding cost of soybeans is 3,000 yuan/ton, 16.9 million tons.
The holding cost of soybeans is 2,300 yuan/ton, 35 million tons.
Among them, 16.9 million tons of soybeans with a cost of 3,000 yuan/ton, delivered at 6,000 yuan/ton, can earn 50.7 billion Chinese yuan, a net income of approximately 6.138 billion US dollars.
35 million tons of soybeans are divided into three parts.
First, because Larry Ellison burned part of the soybean reserves, we can only obtain principal for a total of 3 million tons of soybeans and cannot obtain investment income.
Second, due to early selling of 23 million tons, the average selling price is 4,150 yuan/ton, and the profit margin is 1,850 yuan/ton.
Net income was 42.55 billion Chinese dollars, 5.15 billion US dollars.
Third, 10 million tons of soybeans are delivered to Fengsheng Agriculture at a price of 6,000 yuan/ton, with a profit margin of 3,700 yuan/ton.
Net income was 37 billion Chinese dollars, US$4.48 billion.
Finally, after the entire soybean investment was completed, Pacific No. 1 Fund received 130.25 billion Chinese dollars and a net income of 15.77 billion US dollars.
Deduct transportation, storage, salary, administrative expenses incurred during the entire soybean investment period, as well as the most critical transaction tax, deed tax, etc.
Net income was 84.663 billion Chinese coins, US$10.25 billion.
Combining the income from oil investments, the Pacific No. 1 Fund earned a net income of US$19.15 billion in the past year, with an average annual return of 6.73 times.
According to our Hanhua regulations, if the rate of return exceeds 1 times, 50% of the net income can be obtained.
So, with a net income of $19.15 billion, we can get $9.575 billion.
Of course, this is just a rough calculation.
The exact amount you can get in the end depends on the results of the company's actuarial department.
But the difference won't be too big. ”
Xu Liang nodded, the data given by Jiang Xiaoyang are rough.
Detailed financial data will record every expenditure.
Involving three hundred The huge number of US$100 million cannot be wrong with even a decimal point.
“When we get the money, we will establish an evergreen fund under the company, the Venus Fund, with an initial investment of US$10 billion.
It’s time to fulfill the promise I made to my father-in-law. "Xu Liangdao.
"It's rare that you still remember. However, it is still unknown whether we will be able to get 10 billion US dollars in the end. Jiang Xiaoyang said.
“Haha, let’s not talk about the other funds. The Qinglong No. 1 Fund will be unblocked in more than a month. Although we don’t know how much we will be allocated, it will definitely not be much worse than the Pacific No. 1 Fund. So, we are not short of money. ”
Qinglong No. 1 Fund raised US$1.5 billion. With the overall recovery of Internet stocks and technology stocks, the leverage of Qinglong No. 1 Fund has also increased from twice the initial amount to eight times now.< br>
In more than a dozen companies including Nvidia, BlackBerry, eBay, Yahoo, and Qualcomm, the minimum has increased by more than 30%
BlackBerry, which has grown the most, has seen its market value quadruple in two years compared to its original value.
Including Qinglong No. 1’s leverage, Hanhua made nearly ten times its profit from just this one stock.
(End of this chapter)