Chapter 1056 Accident
Not to mention anything else, he made a floating profit of US$44.8 billion just by exploiting a loophole in the rating of US real estate bonds.
The combined total liabilities of BOE and SMIC are only US$23 billion. Even if operating losses are added, it will not exceed US$26 billion.
The profits of Hanhua Pacific Fund this year can be fully covered.
Hanhua has more than one Pacific Fund that will expire this year.
Although their profits are far less than those of Pacific Ocean, they can still make billions of dollars.
In 2007, the second phase of Hanhua Pacific Fund expired.
The proceeds from the ‘Tenglong Project’ have arrived.
It can also cover the US$20 billion expenditure of BOE and SMIC.
The only uncertainty is 2008.
But even if 2008 doesn't make as much money as 2006 and 2007, Hanhua can still get by with its years of savings.
After thinking about it clearly, Jiang Xiaoyang’s uneasiness calmed down.
“Do we have to invest so much money?”
Xu Liang: “We discussed this issue last time. Hanhua’s profits are too generous. In order to cause unnecessary trouble , our funds need a way out.
Investing in high technology can not only gain profits, but also gain favor from above.
At the same time, it can consume huge amounts of cash, which is the most suitable way for us. ”
“I understand. "
Xu Liang: "How is the charity foundation going? "
"It has been completed. The charity fund has officially changed its name to the "Xu Family Charitable Fund", and three branches have been established in the United States, the United Kingdom, and Dubai.
We are currently looking for charitable donation projects and expect to donate US$10 million this year. ”
Xu Liang nodded.
Strictly speaking, after a company makes money abroad, it still needs to pay corporate income tax abroad when its domestic business suffers losses.
This is because a company’s tax liability is determined based on the source of income, rather than on business profits and losses.
Even if the domestic business suffers a loss, the income earned abroad still needs to pay taxes according to the tax laws of the country where it is located.
So it is not possible to directly use Hanhua’s pre-tax income to offset the liabilities of BOE and SMIC.
But the amazing thing is that no matter how well-designed laws in this world are, there are loopholes that can be exploited.
However, to achieve this requires very complex financial operations.
Charitable funds are one of them.
"The private jets I gave to Hongmeng and Hanhua, as well as the administrative expenses and personnel expenses of all the residences in the capital, will all be linked to the account of the charity fund." Xu Liangdao.
Since you want to avoid taxes, you still have to abide by the rules of the United States.
Jiang Xiaoyang: "Don't worry, I will hang up everything for you."
After the two chatted for a while, Xu Liang hung up the phone.
When the time agreed upon with Xu Liang came, Jiang Weimin reported the conditions he had negotiated with Xu Liang to the Guangdong Province. The matter was so important that it was difficult to make a decision in a short time.
But Haizhu City, who heard the news, went directly to Xu Liang to express their support.
For Haizhu leaders, Gree Electric Appliances has already eaten the fruit in their stomachs. As long as the profits and taxes are local, ownership rights are not that important.
Moreover, ownership rights cannot be exchanged for political achievements.
In contrast, SMIC’s huge investment of US$3.5 billion and more than 30 billion Huaxia coins is a huge event.
Once an industrial chain is formed, it can directly increase Haizhu's GDP by tens of billions, or even hundreds of billions.
How to choose, there is no need to hesitate at all.
The Guangdong Province considered it for three days and gave Xu Liang a definite response.
no problem.
The last one is Hua Run’s side.
At the appointed time, Song Yunshan and Xu Liang sat together again.
“China Resources Vanguard, C’estbon and Snow Beer can give it to you, but Wufeng cannot.”
Xu Liang frowned, “Why?”
Huarun Wufeng in 2006 was not as strong as it would be twenty years later.
The current main assets are three slaughterhouses located in Xiangjiang, Pengcheng and Magic City, of which Xiangjiang is the largest.
In 1997, Hua Run invested 1.8 billion Hong Kong dollars and took two and a half years to build the most modern slaughterhouse in Hong Kong.
There are 4 pig slaughtering production lines, 1 cattle slaughtering production line, and 1 sheep slaughtering production line, which can slaughter 5,000 pigs, 400 cattle, and 300 sheep every day.
Before the Sheung Shui Slaughterhouse was built, there were four slaughterhouses in Heung Kong: Tsuen Wan Slaughterhouse, Kennedy Town Slaughterhouse, Cheung Sha Wan Slaughterhouse and Yuen Long Slaughterhouse.
After the Sheung Shui Slaughterhouse was put into use, except for the Tsuen Wan Slaughterhouse, the three old slaughterhouses in Cheung Sha Wan, Kennedy Town and Yuen Long were all demolished.
Now Huarun Ng Feng occupies nearly 75% of the Xiangjiang slaughtering market and is the well-deserved overlord.
In comparison, the slaughterhouses in Pengcheng and Magic City are smaller.
Now Huarun Wufeng has an annual slaughtering capacity of 3 million pigs, and has more than 500 sales outlets in Xiangjiang, Magic City, Pengcheng and other places.
It operates two brands, ‘Xi Shang Xi’ and ‘Wu Feng Shang Shi’.
Revenue in 2005 was nearly 4 billion Chinese dollars.
Although it is also a big company in the meat product processing industry, it is still far behind giants such as Shuanghui, Yurun, and Jinluo.
In comparison, Snowflake ranks second in the beer industry, China Resources Vanguard ranks third in the supermarket industry, and sixth in the retail industry.
There are enough reasons to be at the top of the banned list. Song Yunshan pointed to the top of his head.
"The above said that Huarun Wufeng is related to the stability of Xiangjiang and cannot be sold."
Xu Liang frowned. He originally thought that the superiors would veto the sale of Snow Beer because of the monopoly, but he did not expect to encounter difficulties in the end. On the contrary, it is Wu Feng.
"Wu Feng is just a slaughtering company, how can it affect the stability of Xiangjiang?" Xu Liang asked doubtfully.
You are just a butcher, and you are not providing water or electricity supply. Does it have anything to do with stability?
Song Yunshan, who heard the subtext, frowned and was not angry.
"That's what the higher-ups have decided, and I can't help it."
"Without Wu Feng, the remaining China Resources Vanguard, Snowflake and C'estbon are not enough to exchange for Tianshan Group."
Xu Although the good Tianshan Group has pre-revenue revenue of 9 billion Chinese dollars in 2006, its main industry profit is about 1.1 billion Chinese dollars, which is similar to China Resources Vanguard.
But one thing is that Tianshan Group’s liabilities are less than 1.5 billion Chinese dollars.
China Resources Vanguard has a revenue of nearly 33 billion Chinese dollars, but its assets are far inferior to Tianshan Group. The net profit of its main industry is only 2.6 billion Chinese dollars.
Coupled with liabilities of more than 6 billion Huaxia coins, its actual value is less than 4 billion Huaxia coins.
The total value of Snow Beer and Yibao Water is about 3 billion Chinese dollars.
Tianshan Group, which has good development and excellent financial performance, can be sold for 12 billion Huaxia coins.
But China Resources Vanguard, Snowflake and Yibao Water can only sell for 8 billion Huaxia coins.
"Mr. Xu, we can use cash..."
Xu Liang interrupted: "I'm not short of cash."
"I'm sorry, all Hua Run's remaining assets are not for sale."
"Mr. Song, we have talked before, China Resources should reduce its business scale and focus more energy and financial resources on a few main businesses, so that it can truly become an industry giant."
"Mr. Xu's words make sense, but Hua Run. It’s Huarun, we have our own investment and development rhythm.”
Xu Liang smiled and continued: “After selling China Resources Vanguard, Snowflake and Yibo Water, Huarun also has meat processing. , gas and electricity, cement, medicine, textiles, real estate and finance
There are still many industries to enter.
It also consumes a lot of Hua Run's funds and energy, especially in the real estate industry, which often involves billions or even billions of investment, involving a large amount of Hua Run's funds.
So, my opinion is that Huarun sells Huarun Real Estate..."
"Mr. Xu! "
Song Yunshan interrupted unceremoniously.
"Hua Run and you have a cooperative relationship, not a relationship at the mercy of others. Please realize this."
Looking at his angry look, Xu Liang said with a smile.
"Good medicine is bitter to the mouth and good for the disease, and loyal advice is bad to the ears and good for action.
Mr. Song, I just spoke from the bottom of my heart. I hope you will forgive me if I have offended you in any way."
Hearing this, Song Yunshan's face looked a little better.
"I sincerely hope that Huarun can develop better. If you give up your huge investment in China Resources Real Estate and invest all your capital in the cement industry, you will soon become the number one cement giant in the country.
The benefits gained by focusing on one field and becoming a hegemon are far greater than those obtained by operating in multiple industries.
Huarun should become a giant company in the five major fields of gas, electricity, cement, medicine and finance, and leave the rest. If you should give it up, let it go resolutely.”
Xu Liang’s words of persuasion were endless.
It’s a pity that Song Yunshan, the bastard, is so determined that he won’t let go no matter how hard he tries to persuade him.
In the end, both sides took a step back.
Xu Liang gave up the acquisition of China Resources Real Estate, and Hua Run transferred its only two Vientiane City, Pengcheng Vientiane City and Hangcheng Vientiane City, to Taihua for 8 billion Huaxia coins.
Of which 4 billion is a cash transfer and 4 billion is the original liability of the two Mixc cities.
Xu Liang is also very satisfied. Although he did not get all of Huarun Real Estate, the two Vientiane City are undoubtedly the essence of the entire China Resources Real Estate.
Pengcheng Vientiane City, also known as Pengcheng China Resources Center Vientiane City.
It is the first Vientiane City under Huarun, located in the prosperous Luofu business district.
The location conditions are extremely excellent.
It is located in the core financial and commercial area of Pengcheng City, between Shennan Avenue and Binhe Avenue, the two main roads that connect the east and west of Pengcheng City. It faces Diwang Building across Shennan Avenue.
The transportation is convenient. The Grand Theater Station of Metro Line 1 is directly connected to the Grand Theater Station by an underground passage. There are more than 30 bus lines in the surrounding area.
It covers an area of 80,000 square meters, with a total construction area of 550,000 square meters, and a total investment of more than 4 billion Chinese yuan.
The first phase of the project includes the ultra-large-scale indoor shopping and entertainment center "Mixiang City". With a construction area of 188,000 square meters, it is the largest shopping and entertainment center in Pengcheng.
In comparison, the shopping mall in Taihua Century Plaza under Taihua is only 150,000 square meters.
The Taihua City Shopping Center located in Pengcheng Bay has a planned area of 250,000 square meters, but it is still under construction and will not open until 2007.
In addition to the ‘Vientiane City Shopping Center’, there is also China Resources Building, a 5A Grade A office building with a construction area of 42,000 square meters within the complex.
The second phase of the project includes a five-star business hotel, serviced apartments and a large outdoor entertainment and leisure plaza connected by a commercial pedestrian street.
At present, the entire project has been completed in 2005.
As a high-end urban complex.
Pengcheng Vientiane City and Taihua Century Plaza, a subsidiary of Taihua, are Pengcheng's two major commercial flagships.
(End of this chapter)