Chapter 132 132 [Profits are amazing]
"The net asset value and asset value of Hongpu Chemical Company are not as high as the market value, and it seems difficult for you to sell at the market value." Li Yude asked lightly , the movement of eating in his hands did not stop at all.
"Uncle Li doesn't know. Listed real estate companies don't talk about net asset value. Asset value is somewhat important. However, Hongpu Chemical's debt ratio is extremely low. It can completely increase its assets in the form of loans. With this operation, the asset value can easily keep up with the market value." Luo Qihong smiled slightly.
Luo Qihong is reminding Li Yude that the low debt ratio of Hongpu Chemical Company is a great advantage. If Li Yude seizes this asset value issue, he can completely acquire properties from the market after signing the agreement. , increase asset value.
"This is not the same idea as mine. There are many real estate companies with high debt ratios and large asset values on the market. Do you think Hongpu Chemical has other advantages?" Li Yude was gentle but very aggressive. asked.
"Hongpu Chemical Company does not have many advantages, but if it is sold based on assets, there will be many buyers. Hongpu Chemical Company needs to identify better quality buyers." Luo Qihong's meaning is obvious, I don't necessarily want to sell to you, What kind of onion are you?
Li Yude knew that he had lost his composure, so he smiled and said, "Come, let's have a drink."
"Clang!" The three goblets touched together.
Luo Qihong thought for a while. If Lin Luoqi and Li Yude acquired Hongpu Chemical Company, he would be able to save some trouble. Of course, the premise here is that the price is right.
“Hong Pu Chemical Company still has great potential. The piece of land along the coast of Tuen Mun alone is worth tens of millions. If you keep it in your hands for a while, it will be nothing if it rises to 100 million. The problem is, based on this calculation, the market value of Hongpu Chemical Company is not high, or even a little low." Luo Qihong smiled lightly.
Li Yude frowned slightly, "Why do you hear that the land is difficult to develop? The Environmental Protection Agency has been making things difficult."
"It is true." Luo Qihong knew that such a thing could not be hidden, so he might as well defend it generously. "It's just a few million yuan in renovation costs."
Li Yude nodded, "With such high-quality land, Hongpu Chemical can definitely find someone to cooperate in developing it and increase its market value."
Luo Qihong Hearing this, he smiled and said, "Paramount Company took over Hongpu Chemical Company solely to make a huge profit, and it had to be done in a short period of time. Renovating and developing this land is not in the interests of Paramount Company."< br>
“And when we acquired Paramount, I had some unpleasant things happen to Liu Jiehui, the vice president of the creditor bank Standard Chartered Bank, so I didn’t want to touch this land even more.”
"That's it! How much is the debt owed to Standard Chartered Bank?" Li Yude asked.
“16 million!” Luo Qihong said, “If this land can be converted into residential land, the profit margin will at least double.”
“Uncle Li, Hongpu Chemical In my hands, it will definitely transform into a real estate company, and it can take advantage of the acquisition to make a name for itself, and raising funds and rights issues in the future will not be a problem," Luo Qihong added.
Li Yude still shook his head, "It's still too expensive. I don't have that much money."
Luo Qihong suggested, "Isn't there still Rocky as an ally? If Rocky is running the red Uncle Li can definitely become the major shareholder of Dehe Real Estate and take control of Pu Chemical Company, and he can become the second largest shareholder of Hongpu Chemical Company.”
He could naturally see that Li Yude wanted to acquire Hongpu Chemical and did not want to involve Lin Luoqi, but Li Yude couldn't take it. If he forced Li Yude to take it, the only ones who would suffer would be Paramount Company and Luo Qihong himself.
Li Bingjun interrupted and said, "Luo Sheng, why don't we be the largest shareholder and you be the second largest shareholder?"
"Miss Li's words make sense!" Luo Qihong said to save face, "But this It is not in my interest. First, Paramount needs the funds to achieve certain goals. Second, I also need funds for other acquisitions. Hongpu Chemical is just a short-term investment of mine."
"If we want to gain control of Hongpu Chemical but don't have that much money, what can Luo Sheng do?" Li Bingjun said what Li Yude wanted to ask.
"Miss Li, in fact, in my opinion, Dehe Real Estate Company is more suitable for you than Hongpu Chemical." Luo Qihong said, "You are still not familiar enough with the real estate industry. To 'swallow the whale' rashly is to eat big money." Loss.”
"There is only one way, and that is to mortgage the shares and borrow money to buy Hongpu Chemical. I think you only need 31% of the equity, but this is very dangerous, especially when the future of the local market is unpredictable." "Paramount Company Are you willing for us to acquire only 31% of the shares?" Li Yude asked solemnly.
Luo Qihong shook his head, "You must take at least 45% of the equity, and I will arrange the remaining 26%."
14% of the equity is still needed Someone takes over, and that person needs to be very reliable. Li Yude thought to himself.
"Okay, I'll get back to you in two days." Li Yude nodded and said.
In fact, Li Yude's words reminded Luo Qihong that Hongpu Chemical Company only had tens of millions of yuan in assets. How could it sustain a market value of hundreds of millions of yuan?
Once the bubble is burst, it will be difficult for Hongpu Chemical Company to sell it at a high price.
“It seems that we still need to take out loans to acquire some properties with excellent qualifications.” Luo Qihong sighed quietly as he walked in the aisle.
In the box, Li Yude and his daughter were still there, but they had stopped eating and leaned back on their chairs seriously.
"Dad, in fact, Hongpu Chemical Company is no better than those real estate companies. The assets cannot keep up with the market value at all. We will suffer a loss in the acquisition." Li Bingjun persuaded.
Li Yude shook his head, "I am interested in Luo Qihong's reputation for Hongpu Chemical Company. It will be easier to raise funds in the future. This is also a way for a real estate company to grow rapidly."
Li Bingjun was worried. Asked "Then how do we repay those loans?"
"Luo Qihong is right, we can't be too greedy and want everything. I plan to withdraw from Dehe Real Estate Company, pledge the factory for loans, and let Xu Jiawen mother and son become The second largest shareholder of Hongpu Chemical Company, but in order to prevent us from making wedding dresses for others, I will sign a relevant agreement with Xu Jiawen," Li Yude said.
"Daddy, I don't agree with you being so desperate. The ginseng factory is our foundation, not Hongpu Chemical and Dehe Real Estate." Li Bingjun said with an ugly face.
As Luo Qihong said, they need to take their time, and perhaps Dehe Real Estate Company is the most suitable for them.
It's a pity that she couldn't convince Li Yude in the end, so she could only try her best to help with this matter and reduce the hidden dangers.
2 days later
Hongpu Chemical Company announced that the First City Building in Central, owned by First City Co., Ltd., will cost 80 million yuan.
When the news came out, it didn’t cause any sensation, just some ripples.
On this day, the stock price of Hongpu Chemical rose to 1.3 yuan as soon as the market opened, with a market value of 260 million yuan, which surprised many people.
At the same time, Luo Qihong asked Bai Jinyan to help reduce his holdings in Paramount Company and slowly sell off 40 million shares of Hongpu Chemical Company.
On Tuesday, October 6, Bai Jinyan successfully helped Paramount Company reduce its holdings of 40 million shares and withdraw 58.8 million yuan of funds.
Later, Luo Qihong prepared through the board of directors to issue 50 million new shares to Paramount Company to raise 50 million yuan for the acquisition of Wan Chai Yunfeng Building, of which 20 million yuan was needed as a loan.
Spurred by such a series of good news, the share price of Hongpu Chemical Company rose smoothly to 1.6 yuan (the share price fell after the issuance of new shares), with a market value of 400 million yuan and an asset value of 260 million yuan. 8 million yuan, including a batch of securities stocks.
The shareholding ratio of Paramount Company fell to 60.8%. Excluding the 5% held by the landlord association, Paramount Company only held 55.8% of the equity.
(End of this chapter)