Chapter 1019 Debt, Still Debt
These ‘old insurance policies’ saddled CPIC with a huge interest rate loss of 18.9 billion Chinese dollars.
"Dear Xu, since CPIC's liabilities are so big, you don't need to buy his shares anymore."
"Of course, no problem, I can invest the money in XCMG's M&A .”
Rubinstein’s face darkened, and the question came back.
"Xu, I am very sincere in talking to you about XCMG."
"Dear David, I am also very sincere."
After a few seconds of silence, Xu Liang felt The heat is almost done.
“OK, since XCMG is the first one to join the negotiations, I can take a step back.
As long as Carlyle sells me half of the equity you hold in Pacific Life, I I will give you the opportunity to acquire XCMG.
But if you fail in the end, I will enter again.
We owe nothing to each other. "
"Xu, China is your home court. With your energy, you can easily block Carlyle's acquisition.
When the time comes, you will not only get XCMG, but you will also get half of CPIC’s equity from us, and I will be laughed at by everyone. ”
“Dear David, God is my witness, I am telling the truth. ”
"No one in China believes in God."
"No, you are wrong. There are tens of millions of believers in God in China, and I am one of them, Amen."
David Rubin Stan's eyes trembled.
He wanted to curse.
But I am a gentleman, a gentleman of the upper class, and I cannot be as familiar as the Chinese mud-legged man opposite me.
"Xu, how can you give up XCMG?"
"David, do you still believe me when I say give up?"
Rubinstein was speechless.
Whenever the Carlyle Group encounters difficulties in acquiring XCMG, he will suspect that Xu Liang is causing trouble.
Even if there is no evidence.
Beep...
The blind tone came and Xu Liang had hung up the phone.
“I originally planned to get some benefits from the Carlyle Group, but now it seems there is no chance.”
“Mr. Xu, do you want to take action immediately?”
"No need. XCMG's position is too special, and it is impossible for Carlyle to get a controlling stake from above, so we are not in a hurry to make a move, otherwise even if it is acquired, the price will be inflated due to competition.
So we have to wait. "
"What if..."
"Lao Peng, there is no 100% success in running a business. What we have to do is to seize the opportunity as much as possible and strive for success. ”
Peng Zhiyu nodded.
Although he said this, Xu Liang is very clear about the future of the XCMG acquisition.
Must hit the street.
“How is the expansion of the automobile factory going?”
“It has been discussed. Torch Heavy Duty Truck will build a new automobile factory in Weixian with an annual output of 150,000 vehicles. The construction period will be two years. year; simultaneously expand the Chang'an and Shancheng automobile plants, increasing the production capacity of both to 120,000 vehicles.
When the project is completed, the production capacity of Torch Heavy Duty Truck's 150,000-ton heavy trucks will be increased from the current 110,000 vehicles. To 150,000 units, the market share will exceed 75%.
The number of 5-ton to 15-ton trucks will increase from the current 160,000 units to 240,000 units.
The entire expansion plan has a total investment of 8 billion Chinese dollars. Hongyan will invest 1 billion Chinese dollars in cash, and the other 7 billion will be settled by issuing corporate bonds.
In addition, we will invest 5 billion Chinese dollars to increase the production capacity of mirrors and lights from the current 10 million sets to 15 million sets; and increase the production capacity of brake systems from 300,000 sets to 500,000 sets.
The number of vehicle air conditioners increased from 100,000 units to 200,000 units.
Spark plug production capacity increased from 1.2 million to 2 million.
Car lithium battery…”
The entire Torch Heavy Industry Group is divided into four sectors: heavy-duty vehicles, auto parts business, garden machinery and power tools, with 19 first-level business departments and hundreds of different products.
After completing the integration and not being burdened by debt, Torch Group embarked on its largest expansion plan since its founding.
Among them, the two departments of SINOTRUK and auto parts are the most important.
If you include garden machinery and power tools, it will exceed 20 billion Chinese coins.
“The production capacity expansion plan of the entire Torch Group is two years. After two years, the company’s total assets will increase from the current 13 billion Chinese yuan to 34 billion Chinese yuan (equipment depreciation will decrease).
The company's total revenue doubled, exceeding 50 billion Chinese dollars, and net profit exceeded 4 billion Chinese dollars (taking into account repayment of loans and interest). "
Xu Liangdao: "The Torch Group does not have to pay for its production expansion plan. Hongyan will guarantee you that all 21 billion Huaxia coins will be issued as corporate bonds, and the interest can be slightly higher.
Half of the profits retained by the company are used as reserves, and the rest is used for research and development.
Especially the three-power system is a top priority. "
"Mr. Xu, will the group's debt be too high in this case?
Moreover, we will also acquire XCMG later. If their liabilities are included, Torch's total liabilities will be nearly 30 billion Chinese dollars.
Just the interest every year is a lot of money. "
"Don't worry, Hongyan now has tens of billions of dollars in cash flow on its books. No matter how high Torch's debt is, I can still afford it. ”
Torch is different from Master Kong, Taihua, Hanhua, Hongmeng, etc.
It is a sub-group directly under Hanhua.
Financial statements are consolidated directly into Red Rock.
Seeing that it was less than a year before the subprime mortgage crisis broke out, he had to quickly reserve Hongyan's liabilities, otherwise he would have to pay a huge capital gains tax to Laos on the money earned from the subprime mortgage crisis.
In fact, the company most suitable for Hongyan to be directly affiliated with is Taihua Group.
The total liabilities of nearly 30 billion US dollars can significantly reduce Hongyan’s total tax payment.
But if Taihua is taken back, An Kaiyue's Xu Family Wealth Trust No. 5 will be dissolved.
Let’s not talk about how to appease An Kaiyue’s mood.
If the US$30 billion is exempted, it will be equivalent to giving the Xu family in Singapore a wealth of US$30 billion.
When the news spread, no matter how generous Jiang Xiaoyang was, he couldn't accept it.
And other women will definitely feel unbalanced.
Don’t worry about scarcity, but worry about inequality.
Therefore, Taihua cannot take it back and can only find solutions elsewhere.
The rapid expansion of Torch is one of the strategies.
But a torch alone is not enough.
Of course Peng Zhiyu knows that the big boss is rich.
The reason why he cried about poverty was to get a vaccination first.
If something really goes wrong in the future, you can justifiably go to the big boss to take the blame.
I chatted with Peng Zhiyu until late at night before they separated.
The next morning, after Xu Liang finished standing in the hotel living room and briefly moved his hands and feet, a call came from Fengshou CEO Qiu Mingcheng.
"Mr. Xu, the settlement with Shuanghui is over. The two sauce factories Shuanghui Biotech and Haiying are already ours."
"How much did it cost?"
"475 million Chinese coins."
Xu Liangliang realized that it was much more expensive than he expected.
“You have stayed in Luohe for such a long time, how do you feel about the influence of the Fang family in Shuanghui?”
Qiu Mingcheng was stunned for a moment, quickly recalled his past experiences, and organized his words .
“Fang Long is the founder of Shuanghui and has great influence within Shuanghui. Moreover, he is generous and willing to share benefits with senior management.
If we talk about shortcomings.
He has a rather domineering personality and is a traditional paternalistic manager of a state-owned enterprise. He does not allow others to object to what he thinks is right, not even his own son.
It is rumored that Fang Hongjian was yelled at by all the management at Shuanghui’s office meetings many times. "
Xu Liang pondered for a moment.
" During this time, you should investigate Hong Jian. The more detailed the better. ”
"Mr. Xu, do you want to..."
Qiu Mingcheng's heart became excited.
“Let’s investigate first, and then decide what to do next based on the results.”
“Okay, I’ll go right away.”
Seeing that there is hope for the acquisition of Shuanghui again, Qiu Mingcheng's enthusiasm instantly rose. After hanging up the phone, Xu Liang played with the phone in his hand and called Jiang Xiaoyang.
"What's wrong?"
The beauty's voice always has a grace.
“I miss you.”
“Don’t be sour. If you missed me, you wouldn’t run away.”
"I need it for work, otherwise I would stay with you forever."
Xu Liang licked his wife wantonly.
Coincidentally, Jiang Xiaoyang did this.
"Okay, I have to go to the securities department for a meeting later. If you have anything to do, hurry up."
The tone was obviously more brisk than before.
Xu Liang no longer acted coquettishly.
"How are the negotiations with Shuanghui going?"
"Shuanghui and Goldman Sachs have secretly signed an MBO agreement. It's a bit late for us to get involved now, but Fang Long I have promised to coordinate with Goldman Sachs, and we will have a result within a week at most."
Xu Liang: "Find a way to delay the negotiation longer."
Jiang Xiaoyang was stunned.
"What do you want to do?"
"I see the hope of acquiring the entire Shuanghui Group." Xu Liang smiled.
“What new clues have you found?”
“It’s hard to tell now. I’ll call you in a few days. In short, if you want to hold Fang Long back, you must not let him Sell the shares of Shuanghui Group."
"Then you have to hurry up, I will delay it for up to two weeks."
"That's enough."
After a brief chat, Xu Liang hung up the phone.
"Sister Li, go and prepare three second-hand Santanas."
Li Jinling turned around and gave instructions.
"Brother Zhang, let the three brothers drive our three Maybachs towards Shanghai, and the planes from the airport will also fly over."
Zhang Hongwei agreed, turned and left.
——
"Dad, your coat."
Fang Hongjian quickly handed over the Armani high-end suit.
Fang Long took it.
He glanced at the respectful eldest son and nodded slightly.
"I am on a business trip in Beijing during this time. You are working hard in the company. I want to check when you come back."
"Yes."
Fang Long was about to turn around and leave, and soon Stopped again.
"By the way, go home early after get off work in the evening and don't wander around outside and make your mother worry."
The corner of Fang Hongjian's mouth twitched, and a trace of hatred flashed in his eyes.
"Don't worry, as long as the company doesn't work overtime, I will definitely go back early."
Fang Long raised his eyebrows, his expression a little unhealed.
He knew that his eldest son was not close to his stepmother, and they had many arguments in the early years.
In the past two years, my eldest son would rather work overtime at the company than go home. This is also the crux.
However, as a father, he still hopes that his eldest son from his first marriage can have a harmonious relationship with his younger son from his second wife, so that they can jointly support the Fang family's future.
I was about to give him a lesson, but thinking that I still had official duties today, I suppressed the anger in my heart.
"You can figure it out yourself."
Leaving a sarcastic remark, Fang Long strode open the door and walked out.
The secretary quickly followed.
Looking at his father's retreating back, the resentment in Fang Hongjian's eyes spread and gradually became intense.
Dingle bell...
The ringtone of his cell phone suddenly rang, interrupting his thoughts.
Took it out and looked at the caller ID, hesitated and pressed it.
"Mr. Qiu, I am very busy now and have no interest in your dinner."
"It seems that Mr. Fang is very angry. But if I had a domineering, bossy father who even had to take care of everything, I would be very angry too."
"I didn't I feel like you're gloating over here, so be it."
"Don't worry, someone wants to meet you."
"Who?"
"My boss. .”
"Your boss..." A flash of lightning flashed in Fang Hongjian's mind, and his tone was trembling, "Xu Liang?"
"Not bad."
"Mr. Xu has arrived at Luo# River?"< br>
Qiu Mingcheng was not surprised when he heard the excitement in his tone.
Among all the younger generations he met, Xu Liang was undoubtedly not worshiped as an idol.
With a grassroots background, he has risen like a comet to become a world-class rich man in just five or six years with his extraordinary talent.
Such a legendary experience is talked about by everyone.
Especially the young people who are pretentious and dream about achieving great achievements in the future and becoming a master, they regard Xu Liang as 'Papa Xu'.
"Mr. Xu will arrive at Luo# River in half an hour and specifically told me that I must invite you."
"Okay, I agree. Where to meet?"
< br>
"In half an hour, go to the gas stations on Songjiang Road and Taishan North Road. There is a car waiting for you there. The license plate number is Su*****. When you get there, give me a call and follow the car. That’s fine.”
Although it felt a little weird, he agreed.
After the explanation, Qiu Mingcheng hung up the phone.
I quickly called Xu Liang again.
“Mr. Xu, he agreed.”
"I know. You really can't come over?"
"No. Fang Long is very cautious. Although he went to the capital, he arranged for many people to watch me in the hotel. If I make any changes, with his Being cautious and suspicious, I'm afraid the trip will be canceled soon.
So I'd better stay under his nose. This will make it easier for you to do something."
"I've wronged you."
“As long as I can acquire Shuanghui, I am willing to stay in a hotel for a few months, let alone stay in a hotel for a few days.”
"Haha, if I really ask you to stay in the position, you won't say that.
Take advantage of these few days to have a good rest. If Shuanghui is really acquired, you will be so busy that you won't even have time to sleep."< br>
"Hey, I'll be waiting then."
......
Half an hour later, Fang Hongjian changed into an ordinary hoodie and drove a car BYD F3, which sold very well last year, left the apartment he rented.
When we arrived at the agreed place, we saw the car.
Took out his cell phone and called Qiu Mingcheng.
“I’m here.”
“You sound the horn three times and it will start.”
Fang Hongjian honked the horn three times.
Sure enough, the black Santana parked on the side of the road started and drove eastward along Songjiang Road.
Fang Hongjian quickly followed.
The two cars went one behind the other, and soon turned onto Taishan North Road and drove towards the north.
A large area of urban-rural fringe soon appeared around.
Gradually there were some farmlands.
The car turned onto Longjiang West Road, then quickly turned down again and stopped outside a yard with the word "Longhu Farmhouse" hanging on it.
Looking at the ordinary courtyard, Fang Hongjian murmured in his heart.
If it wasn't Qiu Mingcheng who called him, he really doubted whether he had been deceived?
(End of this chapter)