Chapter 646 Huge Money
According to the previous regulations of the United States, he had to pay at least a short-term capital gains tax of close to 40%.
But thanks to George W. Bush, he lowered the taxes that capitalists should pay after taking office.
Washington, who came to power with tax cuts, issued tax cuts one after another from 2001 to 2003. The total tax cuts reached US$1.35 trillion, which was one of the largest tax cuts in American history.
The maximum short-term capital gains tax rate has also been reduced to 35%.
Xu Liang earns too much and must pay taxes at the maximum amount.
However, Hongyan Fund is an overseas capital, and China has signed a bilateral tax cooperation agreement with the United States, so it can get certain exemptions.
So, combine these factors.
After deducting various taxes and fees, Japan Yahoo's US$4.4 billion will still have US$3.57 billion left.
From the soybean harvest, after deducting various taxes and fees, there is still US$5.46 billion left.
In 2003, Red Rock Fund received a total of US$25.714 billion in after-tax income.
The reason why the unit price has not increased much compared to 2002 is that the land acquired in 2002 was mainly core land parcels in first-tier cities, and the land transfer price was relatively high.
As of now, Hongyan has received a total net income of US$33.941 billion.
Expenditure.
In 2004, thanks to the Hynix project and the previous negotiations, 14 more plots of land were acquired.
But the value of this part of the equity is still US$2.8 billion.
The big income in 2004 is temporarily only the second stage soybeans.
48 billion Chinese coins, about 5.8 billion US dollars.
Pay 7.525 billion Huaxia coins for land acquisition.
It has five wholly-owned subsidiaries under its name.
Finally, there are some shares acquired, such as 4.9% of Bandai and 55% of Master Kong. The two major shares cost him nearly 1.5 billion US dollars.
Taihua Real Estate acquired 19 pieces of land, with a construction area of 4.47 million square meters, an average unit price of 2,860 yuan/square meter, and a land acquisition cost of 12.78 billion Chinese dollars.
All of this together cost him less than $600 million.
Taken together, the price has been brought down.
In addition to domestic assets, foreign companies such as Apple, Amazon, and Standard Chartered have tripled their leverage, with actual expenditures of US$1.38 billion.
The next larger expenditure is harvest agriculture.
The total land transfer fee is 25.53 billion Huaxia coins.
Penguin and Alibaba still have 10% and 7.69% of their equity respectively in Hanhua.
Cash of 1.41 billion Chinese dollars, plus debt of 6.765 billion Chinese dollars, integrating domestic oil extraction capacity of 11.29 million tons.
Plus US$1.336 billion of Standard Chartered equity.
The land acquisition price is not high, the transfer price is 2,150 yuan/square meter.
In 2002, it acquired 14.9% of Apple, 15.2% of Amazon, 16.7% of Standard Chartered Bank, 17.5% of NetEase, 18.3% of Sohu, 51% of Penguin, 42.3% of Alibaba, 14.7% of Moutai, and 11.3% of Wuliangye.
Total liabilities are approximately US$10.15 billion.
In addition, Hynix’s acquisition cost nothing because it owns 6% of the equity and theoretically has to bear US$1.236 billion in debt.
There must be a lot of difference between the land transfer prices in Beijing and Quancheng.
Hongyan Fund has total assets of approximately US$55 billion, including approximately US$16 billion in equity assets, approximately US$15 billion in fixed assets, and US$24.742 billion in liquidity.
Although there are many companies invested in, the ones that really spend money are Apple, Amazon and Standard Chartered.
By 2003, Taihua’s land acquisition scope had expanded to all second-tier cities.
Other Chinese companies combined did not spend US$100 million.
For three consecutive years, Taihua Real Estate has paid a total of 45.835 billion Chinese dollars for land acquisition, which is approximately equivalent to US$5.549 billion.
As for the subsequent construction, it can be solved with loans, so Xu Liang does not need to worry.
However, although Apple and Amazon were affected by the Nasdaq crisis at the time, their stock prices suffered heavy losses.
In order to enhance Hanhua’s influence in the venture capital industry in the future.
But these debts belong to Hynix. Unless Hynix fails due to poor management and goes bankrupt, Hongyan is not responsible.
This part of the assets was worth US$4.236 billion in 2002.
Taihua Real Estate has 34 projects (more because Delong helped), with a construction area of 8.47 million square meters and an average unit price of 3,014 yuan/square meter.
However, thanks to the Federal Reserve’s massive release of funds at that time, loan interest rates were extremely low.
After deducting all expenses, the liquidity Xu Liang can still use is US$24.742 billion, which is pure cash flow.
2003: Increased its holdings of Standard Chartered shares to 36.7%. Because it made so much money, it did not use leverage and consumed US$1.8 billion in cash.
In addition to these relatively large expenditures, there are also expenditures by Xu Liang to acquire Sanwei Mining and Jiahua Entertainment from Delong Group, purchase of Boeing business jets, and expenditures on more than a dozen properties, plus the expenditures of Hongyan Fund salary expenses, etc.
Because most of them are in second-tier cities, and even a few third-tier cities with good economies.
Calculate it comprehensively.
Jiulongyu Tourism Company, Taihua Real Estate Group, Sanwei Mining Company, Hengyuan Trust and Harvest Agriculture.
The largest investor is Taihua Real Estate Group, with an investment of US$5.6 billion, liabilities of US$6 billion, and total assets of about US$14 billion.
Harvest Agriculture is far behind, with total assets of about US$1 billion.
Sanwei Mining ranks third. After Xu Liang’s investment, he introduced a lot of equipment and fertilizer production lines, but only has assets of US$400 million.
Jiulongyu is the least.
This company was established by Xu Liang to develop tourism resources in his hometown Qingzhou.
In the first phase, RMB 50 million will be invested to develop the Jiulongyu Resort. The second phase investment is 300 million to develop the ‘Song City’ which was originally not going to appear ten years later, as well as the famous Prince Heng’s Mansion in Qingzhou’s history. The first Prince Heng was Zhu Youyi, the son of Ming Xianzong.
In 1499, King Heng Zhu Youyi took control of Qingzhou Prefecture, carried out large-scale construction projects, and built the glorious Prince Heng's Mansion in Qingzhou Prefecture.
This Prince Heng's palace is very similar to the imperial palace in the capital in terms of architectural style, interior decoration and staffing, except that it is smaller in scale and has fewer personnel.
The royal palace has institutions such as the Chief History Department and the Inquisition Office, equipped with officials of all sizes, as well as various personnel such as companions, professors, maids, and internal supervisors. It is like a country within a country.
After Zhu Youyi's death, he was given the posthumous title of Prince Gong. His eldest son, Zhu Houxu, was granted the title of Prince Heng and became the second generation Prince Heng.
After Zhu Housui, Zhu Zaigui, Zhu Zaifeng, Zhu Yiwo and Zhu Chang lived in this palace.
In the fifth year of Chongzhen in the Ming Dynasty, Zhu Chang's third son, Zhu Youyi, succeeded to the throne as King Heng.
At this time, the Ming Dynasty was already in a precarious state.
Twelve years after Zhu Youchun attacked King Fengheng, the Manchu Qing Dynasty entered the Pass, passed down the twelfth generation, passed through sixteen emperors, and the 276-year-old Ming Dynasty was replaced by the Manchu Qing Dynasty.
After the Qing soldiers captured Qingzhou City, the last Heng King Zhu Youdi chose to flee. Knowing that he had nowhere to hide, he surrendered to the Qing Dynasty soon after.
He was executed by the Qing court in May of the third year of Shunzhi.
The magnificent palace, once modeled after the imperial palace in the capital, was burned to the ground.
After four hundred years of vicissitudes, except for a few stone archways, stone lions, and the remnants of the East Garden of the Prince's Mansion which was renamed 'Ouyuan', Prince Heng's Mansion has completely become history.
But it doesn’t matter.
Xu Liang is still very enthusiastic about building his hometown.
Direct investment in reconstruction.
The specific architectural plan of Prince Heng's Mansion has long been lost in the long history.
But it doesn’t matter. Prince Heng’s Mansion itself is a smaller version of the Forbidden City, so just copy the homework.
……
The right way is: if you have food in your hands, don’t panic in your heart.
With a huge capital of US$24.8 billion, Xu Liang is confident to cope with any risks.
"However, it's not good to keep this money in the bank. It's better to make money by making money." Xu Liang said.
But how to invest requires careful consideration.
Of course, China is definitely the focus.
Looking at the time, Xu Liang closed the computer and sat in front of the easel again.
Hongmeng Animation’s negotiations to acquire Shanghai Meiying are close to reaching an agreement, and it is impossible for him to leave this company with the richest animation talents in the country idle.
After some consideration, he was ready to come up with the plan for "Kung Fu Panda".
This animation with Chinese content as the theme is a perfect fit for Hongmeng Animation.
And he has watched all 4 cartoons. Although he has forgotten the details, he remembers the main plot very clearly.
With the image and main line in place, other details can be filled in by the professional screenwriters and animation designers of Shangmeiying.
In addition, he is an art student, so he can easily draw several animated characters.
Once the protagonist is finalized, the style of the animation is also decided.
The most important thing is that cartoons are not restricted by race and culture like adult films. They perfectly suit the vast majority of audiences.
So, it can be distributed worldwide.
Coupled with the rich income from film and television peripherals of animated feature films.
A successful animated film can generate billions of dollars in revenue.
And even after ten years, you can still make money through copyright.
In this regard, adult movies are far inferior.
This is also one of the main reasons why Disney has caught up from behind among the seven major Hollywood companies.
Front and side, Po, Master Raccoon, Taro, Master Oogway, Haunted Tiger, etc.
Xu Liang was very fast and finished twenty-five paintings in one day.
——
In a heavily guarded club on the Upper East Side of New York.
The gorgeous crystal chandelier illuminates the room of about fifty square meters.
There are not many furnishings around. Apart from a few oil paintings hanging on the walls and a huge map of the world, there are only four sofas in the center of the room and a low table in the middle.
“Is this the end?”
Suresh Mike shouted.
The fat on his body also shook a few times, looking a little funny.
However, in the American business world, no one dares to look down upon this bastard who is rough on the outside but showy on the inside, nicknamed "Black Pidge", and controls the company "Cargill".
“What else? Continue to maintain high prices and let international hot money withdraw? Or do you think the remaining oil companies in China will give up the more favorable conditions for harvest agriculture and choose us to purchase soybeans?”
John Bell, who had blond hair and a strong build, said coldly.
If Suresh is a black pig, then John Bell, who runs Bunge and is of German descent, is a mighty lion.
In the American business world, he has always been known for his tough personality.
"I can guarantee that Xu Liang will not have much soybean stock in hand. As long as we persist for another month, no, half a month, he will exhaust his soybean reserves." Su Lei What.
"Suresh, we don't have a month left."
Nashat Kunni is tall and thin, wearing gold glasses, and has a French elegance in his temperament.
Louis Dreyfus, one of the four major grain merchants, gave him the confidence to express his elegance.
(End of this chapter)