Chapter 595 Conditions
After reading the 2003 financial statements of Hongmeng South Korea, Xu Liang nodded with satisfaction.
The foundation of the company has been laid very firmly. As long as we don’t make mistakes and follow the steps, we can become South Korea’s largest Internet giant in the PC era.
In this case, the position of the person in charge of Hongmeng South Korean subsidiary is easy to choose.
Put the information down.
"The company is developing well."
Xu Liang's recognition made Sun Mingzhen very happy.
“With you protecting me from the wind and rain, I can develop steadily in South Korea.”
What she said was true.
Without Xu Liang, in South Korea, a feudal and conservative country where women have a low status, she would not be able to hold on to Hongmeng, let alone develop.
Xu Liang smiled and patted his thigh.
Although Sun Mingzhen understands that serving people with sex cannot last long, in order to ensure her attractiveness, she also pays attention to exercise after work.
After all, it is also one of the top ten economies in the world. It is much stronger than the third brother these days, so it still has a lot of meat.
But except for a few companies, it is not very clear.
Basically, except for some small language countries and the third brother's family, as well as the still desolate black Africa, most areas have Hongmeng's business.
Even the Mao Xiong family in the north, Hongmeng’s music network and games have tens of millions of users.
“Zhao Lina and Pu Xianben are both very good. It’s up to you to decide who to choose.”
Bing and Games are also the most profitable departments of Hongmeng South Korea, with solid Performance support, the two of them are indeed very suitable.
It’s not that he doesn’t want to.
She is a smart person and knows very well that she cannot take matters into her own hands.
Seeing him come in, both the people from Hanhua and the negotiation team from Hongyan Fund who rushed over to connect with Merrill Lynch came forward to greet him.
But the key is who to choose?
For many of these evenly matched opponents, if one succeeds and the other fails, it is easy for the company to suffer internal strife because the two sides do not deal with it.
However, funds are easy to get and money is easy to find, but you can rest assured that it is not easy to find people who can be responsible for a fund.
Furthermore, compared with Qinglong and Pacific, which easily generate tens of billions of dollars, he no longer looks down on the ‘small’ funds with hundreds of millions or more than a billion dollars.
"Mr. Xu."
Of course, he also knows that South Korea's entertainment and game industries are developing rapidly and have huge potential.
But he doesn't know how the leading company's stock performance is, and the other party may not be listed on the market.
“The acquisition of Hynix will not take too long, so on Hongmeng South Korea’s side, who do you think can take your place?”
After Hongmeng obtained sufficient funds through financing, The territory continues to expand.
If we still follow the Qinglong Fund model, let Xu Liang be responsible for the investment.
My right hand began to play with her long legs wearing black stockings.
Sun Mingzhen walked over obediently and sat in her arms.
"Let me discuss it with Lao Xie. You can manage the company well during this period and learn about Hynix's information by the way."
"Yes."
This is something Xu Liang doesn't want to see.
But the risk of high leverage is too great.
Xu Liang was very pressed for time. After walking around Hongmeng South Korea's subsidiary in the morning, he rushed to Hanhua's office in Seoul - the landmark 63 Building in Yeouido - in the afternoon.
So, Jiang Xiaoyang has always thought of setting up a private equity fund here focusing on the South Korean market.
Xu Liang nodded slightly. He was familiar with Zhao Lina and Pu Xianben. They were both vice presidents of Hongmeng South Korea. The former was in charge of Bing and the latter was in charge of Hongmeng Games.
But I don’t know much about the South Korean market.
The muscles in the legs are very elastic and feel comfortable to the touch.
Although he knows that some large companies in South Korea will develop well in the future, the growth potential of large companies is too low. After all, when everyone is optimistic about it, it will be difficult to make huge profits unless the leverage is increased very high. profit.
His solution is for Hanhua to find a fund manager whom he can trust and invest according to his own strategy. Everyone will be happy if he wins, and he will not be affected if he loses.
Sun Mingzhen guessed what he was thinking by looking at his expression.
Therefore, in order to ensure his undefeated golden body, Xu Liang was not prepared to end the match himself.
The only way is to invest in the leading companies in the entire industry.
Such an area is considered a luxury for an office.
It is normal operation to give occasional guidance and leave the rest to Hanhua.
"Hello, Mr. Xu."
"You can transfer one to other subsidiaries, and isn't the head office planning to set up a South American subsidiary? You can send them there."
As the world's top financial institution, in order to demonstrate its strength, Hanhua , directly rented an office area of 500 square meters on the 21st floor.
A Brazilian subsidiary for Spanish-speaking people and a South American subsidiary for Portuguese-speaking people were quickly established, completing the full coverage of Hongmeng’s global organizational structure.
After greeting everyone, Xu Liang brought Qiu Youren, vice president of Hongyan Fund and director of the M&A Department, to the conference room.
Xu Liang sat on the main seat with a golden sword.
After making a starting gesture, Qiu Youren said quickly.
"Mr. Xu, now Merrill Lynch has almost reached an agreement with the South Korean government and the Bank of Exchange in accordance with our requirements.
Once we take over Hynix.
All of Hynix’s US$20.6 billion debt will be deferred for one year, and only the principal will be repaid after one year.”
Hynix’s debts include bank loans, corporate bonds, some have matured, and several others. It expires after another year.
Delaying repayment for one year can loosen the noose around Hynix's neck a little faster and give him room to move.
“Hynix’s business allows us to restructure and sell off the non-storage chip business to raise funds.”
In addition to the memory chip business, Hynix’s business also has the CPU chip business. Although it accounts for The ratio is not high, but there is also a production line with a monthly output of 20,000 wafers for 8-inch wafers, and a production line with a monthly output of 15,000 wafers for 12-inch wafers.
The total value is around US$1 billion.
With the current state of Hynix, if you want to solidify the memory chip and CPU chip business like Samsung, you are courting death.
The key is that Xu Liang doesn't want to invest so much money in Hynix.
So, it is only right to sell the CPU business, collect funds, focus on memory chips, and let Hynix become the global storage giant in memory.
"In terms of policies, whether it is the "Semiconductor Chip Protection Law" or the "Semiconductor Industry Promotion Plan", they can cover us, but the premise is... Hynix's headquarters must remain in South Korea."
Xu Liang nodded slightly, "What do they say about loans?"
Because South Korea has relatively strong support for the semiconductor industry, South Korean semiconductor companies can obtain loans from the South Korean government at extremely low costs. .
Although it is not a lot, US$56 billion is not a small amount either.
“They replied that Hynix’s debt is too high, and unless we reduce Hynix’s debt to less than 70%, or have sufficient guarantees, we will not lend money.”
“ If I lower my debt ratio, do I still need to ask them for a loan?”
Xu Liang himself holds 36.7% of the equity of Standard Chartered Bank. If Hynix’s debt ratio was not too high, he would have asked Standard Chartered for a loan. .
Someone said that Red Rock Fund holds nearly 20 billion US dollars in cash, why not invest directly?
Haha, this involves issues of taxation and financial security.
Xu Liang directly invests money, which is called capital injection. Although Hynix’s problems of high debt and insufficient operating funds will be solved by then, this method of play will obviously lower the capital utilization rate and also contribute to the tax revenue of the South Korean government. contributed.
Compared to this, he still prefers another way of playing.
Giving money to Hynix in the form of loans will increase Hynix’s total debt, but long-term debt will not affect Hynix’s normal operations.
In this way, when Hynix makes money, it will give priority to repaying debts, and then pay various taxes such as corporate income tax and deed tax. This is a huge expenditure, accounting for 30 to 40% of the total annual revenue.
Such a large amount of money will not be taxed and used to pay off debts, which will save Hynix a lot of tax.
Saving is earning.
Hynix is a company he absolutely controls. Making money for Hynix means making money for him. This account is easy to calculate.
And his loan will be paid back in full.
If he was more ruthless and offered Hynix a 15% loan interest, he would still make a fortune.
This is a more efficient way to play.
However, Xu Liang still wants to use the third method.
Don’t invest your own money and let others lend you money.
Hynix's debt ratio is too high. He has never made memory chips and has little experience. Although he knew the general trend, he was not absolutely sure that Hynix could be brought back to life.
If everything goes wrong in the end, if you use the second method, you may not be able to get your loan back.
So, it is better to die as a Taoist friend than to die as a poor Taoist.
But others are not fools. Even the South Korean government, which cares most about Hynix, has lost confidence. Which bank still dares to lend money? Unless Xu Liang uses the company in his name to guarantee it.
"Has the company I asked you to register registered?"
Qiu Youren quickly handed over a stack of documents.
"The registration has been completed, please take a look."
After Xu Liang opened it, a neat line of Korean text on the title page came into view.
Over the years, because of his frequent interactions with the Sun sisters, his Korean has become very good, at least he has no problem reading and writing.
"Xu Family Wealth Trust Fund No. 3."
This is a trust fund registered in Seoul by Qiu Youren according to his instructions.
Fund owner Xu Liang and fund manager Sun Mingzhen.
After briefly flipping through it, Xu Liang nodded with satisfaction.
Next, he will acquire Hynix in the name of this company.
If he has other assets in South Korea in the future, they will also be placed under this trust fund.
And this fund will also be inherited by his descendants in South Korea.
It's like breaking up the family in advance.
Although it is still early, Xu Liang likes to do things in advance to avoid conflicts over family property in the future, which will make it difficult for him.
After collecting the information.
"What time is your appointment tomorrow?"
"At 10 o'clock in the morning, Mr. Rasha Browning, director of Merrill Lynch's acquisitions and mergers and acquisitions department, will come over to discuss the details of the acquisition with you. If not If there are any questions, we will meet with the South Korean government and the person in charge of the South Korean Exchange Bank, Hynix’s main creditor, the day after tomorrow.”
Xu Liang nodded.
“Let’s do it like this.”
“Okay.”
After discussing the itinerary for the next few days and walking around Hanhua’s office area, Xu Liang left.
I originally wanted to pick up Sun Mingzhen, but I made a phone call and found out that it was too early for her to finish. Xu Liang, a free soldier, went home directly. He still prefers his two little babies.
As soon as I entered the house, I heard wailing.
Xu Liang quickly went upstairs to the baby room, where two nursery nurses were holding the two little ones and comforting them warmly. Next to them, Son Ye-jin looked helpless.
"What's wrong?"
"Oppa, are you back?"
Son Yezhen's eyes lit up and she hurriedly came over to greet him.
After reading the information from the morning, she now felt that her sisters were so lucky to be able to follow each other.
From a humble family to a wealthy family in one step.
So, be diligent in your actions unconsciously.
Help Xu Liang take off his coat.
"What's wrong with the two little guys? Are they crying so loudly?" Xu Liang asked.
"The younger brother snatched his toy, and the elder brother cried; I taught the younger brother a lesson, and Mai Mai also cried."
Xu Liang smiled. Although the two little guys are both boys, they have different personalities. same.
Sun Mingzhen is vigorous and resolute, but her older brother is quite quiet. He puts it on the ground, and as long as there are toys, he can play by himself for a day without making any noise.
Son Ye-jin has a gentle personality, and her younger brother is indeed a leather god. Not to mention very curious, he will tear down whatever he sees and likes to grab things.
Although she is still young, it can be seen that her personality is completely different from that of their mother.
However, thanks to Xu Liang's good genes, the two little guys have been very strong since birth. They can already crawl around when they are only half a year old, and have also learned to call mother.
Perhaps hearing his voice, the crying of the two little guys gradually stopped.
Xu Liang stepped forward with a smile and held each of them in his arms.
The eyes are kinder than ever before.
“Call daddy.”
"Baba...ba."
Brother Xu Boqing shouted obediently.
The younger brother just waited and looked at him curiously with his round eyes.
Who is this man?
The cute little appearance made Xu Liang couldn't help but give him a kiss.
The elder brother was still fine, but the younger brother quickly waved his little hand to wipe it and tilted his head back. Although his expression didn't change much, his disgust was already obvious.
Xu Liangliang was so happy that he hugged the two little guys and started playing in the room.
The baby's room is very large. In addition to the separated rest area, the play area is more than 100 square meters.
All kinds of toys fill half of the room.
I haven’t done anything the same for the first half of the month.
Son Ye-jin looked at the happy father and son, her eyes became gentler, and the happiness in her heart became stronger.
At first, she was sent to Xu Liang's bed by her sister half-heartedly.
Although I don’t reject it, I don’t have much affection either.
After more than a year, although we rarely see each other, we have many video calls. Plus we have a child, and the relationship is different.
Although she didn't know if this was love, she knew that she felt at ease as long as she saw him.
Play time always passes quickly.
When Sun Mingzhen came back, it was already dark.
After changing clothes, I went to the nursery to play with Xu Liang and the two children for a while, and then it was time for dinner.
The half-year-old child already needs complementary food, so I also carried him over.
Xu Liang sat in the middle, Sun Mingzhen sat on the left with McDull, and Sun Yizhen sat on the right with Mai Mai.
It already looks like a home.
(End of this chapter)