Sprinkle coins every day

Chapter 383 Changjiang storage comes out, Qiandu takes advantage of the fire, and Tengda in distress!
A week passed in a blink of an eye.

The time has also quietly entered April. For the Sprout Group, the biggest change is that Lu Kai takes over from Lu Qi and assumes the post of rotating president again.

Overall, Lu Qi's performance was a bit mediocre during the six months he served as the rotating president.

Not like the group president, but more like a firefighting captain.

It's not that Lu Qi's ability is not good, one is that he is a newcomer, and the other is that in the past six months, the business focus of the Germination Group has been on manufacturing and investment.

On the contrary, there are not too many big moves in the Internet business, and there is not much room for Lu Qi to play.

But not nothing was done.

The biggest contribution is the establishment of a search laboratory under the Fertile Soil Research Institute, which has raised the budding search technology to two or three levels in one go.

Relevant search technology has also been applied to Weixin, Tiantian Toutiao, Pangda Live, Feixun, Maili Mall, Qingcheng App, Pinxixi, Xiami Music and other major apps under Sprout.

Become one of the underlying core technical supports to support the budding Internet business.

.........

Tuesday, July 4.

According to the usual practice, Zhang Shuo approved the appropriation application for a new month, because in the second quarter, the monthly appropriation is also much more, reaching a new high.

Allocate 8 billion research and development funds to the Fertile Research Institute;
Appropriate 15 billion operating funds to Mango Auto, including 8 million R&D funds;
Appropriate 40 billion operating funds to Dao Sui Group, including 6 billion research and development funds;
Appropriate 25 billion operating funds to Pinxixi Group, mainly for business development and logistics park construction;

Appropriate 4 million operating funds to the headquarters of Sprout Group;
Appropriate 3 million construction funds to Mengya Real Estate.

All of them add up to 95 billion appropriations, which is barely acceptable.

Among them, the operating funds allocated to Inaosui Group are mainly used for the construction of Weijing Semiconductor and the preparation of the 40nm wafer foundry, and additional funds will continue to be allocated in the future.

In addition to daily expenses, the funds allocated to Mango Auto will also support the construction of the second phase of the super factory.

And in addition to fixed appropriations.

Sprout also allocated 130 billion to Inao Group last month for the acquisition of Hitachi Storage.

Profit.

Last month, Jade Bird Interactive Entertainment handed in a profit of 55 billion, Maili Group handed in a profit of 52 billion, Qinghe Technology handed in a profit of 101 billion, Sprout Financial Holdings handed in a profit of 3 million, and Sunlight Holdings handed in a profit of 15 billion.

A total of 226 billion profits were handed over.

Among the profits handed over by Jade Bird Interactive Entertainment, the overseas agency fee of US$3 million for "PUBG Mobile" is included.

The profits handed over by Qinghe Technology include the 10 billion service fee transferred from Ari.

The profits that Solar Holdings turned over mainly came from stock market gains.

Due to the recent investment in new businesses such as tablets by Maili Group, coupled with the continued decline in sales of Maili X1, the turned-in profit has also shrunk, leaving only 52 billion, which was once again surpassed by Jade Bird Interactive Entertainment.

--slightly--

[Level]: Level 10 (2500 million/5000 million)
[Cash]: 215 billion

[Loans]: 145 billion (bank loans) + 15 billion (corporate bonds) + 84 billion (overseas loans)

--slightly--

After breaking even, Sprout still achieved a net profit of [-] million last month.

It's also great.

But this includes an unconventional income of 10 billion, so it is still a "loss".

In the next few days, the profits handed over by Maili Group will also show a decreasing trend month by month, while the profits of Jade Bird Interactive Entertainment will continue to rise, but the growth rate is also quite limited.

Overall, the monthly income is maintained at the level of tens of billions.

In terms of expenditure, once the cooperation with Jiangxia on the establishment of Changjiang storage is established, the funds in Germination's account will be squeezed out in one fell swoop.

Therefore, on the whole, the budding capital chain is still walking a tightrope.

This is really an unsolvable problem.

Regardless of whether Germination makes one billion or ten billion a month, as long as it is still in the expansion period, the funds will never be enough, and there is no time to say "very surplus".

The good news is.

After the funds were allocated, the experience value soared to 5 million points in one fell swoop, reaching half of what was needed for leveling up.

It's finally something to look forward to!

.........

Just as Zhang Shuo signed the grant application form here, Lu Kai and Gu Mingzhang came hand in hand.

It's like waiting outside.

"Chairman, the investment and acquisition department's due diligence on Durban logistics has been completed, and the initial valuation is 35 billion." After sitting down, Lu Kai took the lead in reporting.

"Then initiate the acquisition."

Although the funds in Germination's account are limited, Zhang Shuo is not stingy at all when it should be spent.

There is nothing to hesitate.

"it is good."

Lu Kai responded with a smile, "There is one more thing. Tengda sent a notice saying that it plans to withdraw from WeBank and transfer its equity in Weizhong Bank."

According to the rules and regulations drafted by Weizhong Bank when it was established.

If either budding or Tengda wants to withdraw, the other party has the right of first refusal.

That's why Tengda specifically told Germination that if Germination doesn't buy it, then Tenda can sell this part of the shares to any investment institution.

"Take it!"

The shares of Weizhong Bank in Tengda's hands are only worth more than a billion yuan, so there is no reason not to buy them. It just took this opportunity to gain absolute control of Weizhong Bank.

"Inquire, why did Tengda quit?"

What Zhang Shuo was more curious about was this.

"The reason given on the surface is to cut off non-core businesses and supplement cash flow. But as far as I know, Tengda has registered an Internet finance company separately in Shancheng."

As expected, Lu Kai was very competent, and checked Tengda thoroughly.

Because of the stock price drop, Tengda's cash flow has indeed been hit in order to buy back shares from the stock market, but it does not mean that it is necessary to sell Weizhong Bank's shares.

The core reason is that I still want to start a new business, and I don't want to be bound by Weizhong Bank.

"Is it a mountain city?"

Zhang Shuo's eyes narrowed slightly, thinking of a certain black ant.

Look at this posture.

Tengda wants to imitate Ahri's approach and flex its muscles in the field of Internet finance.

snort!
It's really self-inflicted, can't live.

"If Tengda wants to do it, let it do it well. Sprout Financial Holdings should still operate according to the established strategy, and should not be greedy for short-term benefits, and make any overstepping behavior."

Zhang Shuo had to click Lu Kai again.

"Chairman, don't worry, I don't dare to disobey your instructions." Lu Kai joked with a smile.

In fact, after staying in Germina for a long time, without knowing it, Zhang Shuo will be influenced by Zhang Shuo in terms of values, and Germina's executives are more or less tinged with "idealism".

With a higher pursuit, how can you fall into the situation of being a dog?

The spirit is very different.

This is the subtle influence of the founder on the corporate culture.

"Ah."

Zhang Shuo nodded slightly, then looked at Gu Mingzhang, and asked with a smile, "How's the conversation with Jiang Xia going?"

"I was about to report to you."

Gu Mingzhang also brought a notebook with him to record, and reported: "Jiangxia's attitude is very positive, and it can even be said to be urgent, so the whole negotiation process is very smooth."

For such a big project, Jiang Xia can understand the urgency.

What's more, there are lessons learned from the past.

"Currently speaking, according to your previous instructions, chairman, the general framework is that Inaosui Group will use its Hitachi Storage shares + 20 billion funds, and Jiangxia City Investment will use Jiangxia Xinxin + 5 billion funds to jointly initiate the establishment of Chang Jiang storage. Inaosui Group holds 65% of the shares, and Jiangxia City Investment holds 35% of the shares.”

"The newly born Changjiang Storage has a registered capital of 250 billion. It has a wholly-owned subsidiary Jiangxia Xinxin, and at the same time holds shares in Hitachi Storage. It has become a super giant in the storage field in one fell swoop."

Although Inaho Group only holds a 42% stake in Hitachi Storage, it is worth 130 billion+.

Basically the same as Jiangxia Xinxin.

Therefore, in this transaction, Dao Sui Group did not take any obvious advantages, and the two parties belonged to a very normal cooperation.

It is also because Zhang Shuo has instructed that there is no need to bargain too much on the scale of investment.

After all, it is a long-term cooperation.

If relying on Jiang Xia's current request, she will put on a face of "taking advantage of everything".

Not necessarily a good thing.

Zhang Shuo is no longer Amon under Wu. It is very clear that Changjiang Storage wants to become bigger and stronger. Apart from its own efforts, the future will absolutely be inseparable from Jiangxia, and even the full support of Jingchu Province.

There is no need to compare pennies.

Sure enough, Gu Mingzhang continued to report, "In addition to finalizing the cooperation framework, Jiangxia also proposed many preferential policies. For example, it promised that all land purchase funds will be returned in the form of subsidies."

The so-called land purchase.

After the establishment of Changjiang Storage, a storage semiconductor base will be built in Jiangxia, including a series of facilities such as R&D buildings, design centers, and wafer foundries.

That means.

The registered capital of 250 billion is actually not prohibitive, and it is likely to be spent in one year.

Subsequent capital increases will be required.

In addition to capital increase, I will try my best to get some loans from the bank, otherwise I really can't bear it.And to get a large bank loan, how can it be done without the support of Jiangxia and Jingchu provinces?
except for bank loans.

Chang Jiang Storage will also cooperate closely with many universities in Jiangxia, and set up at least two national laboratories, all of which require the cooperation of Jiangxia.

"In terms of taxation, Jiangxia also promised to exempt tax for three years, and half for the fourth and fifth years."

This is another big gift package.

It can be seen that Jiangxia really has high expectations for building a storage semiconductor base, and also attaches great importance to this strategic cooperation with Dao Sui Group.

"Jiang Xia also offered to propose that Lin Zhengdong be the chairman of Changjiang Storage."

Lin Zhengdong is the president of Inaosui Group, and the newly formed Changjiang Storage is one of the core businesses of Inaosui Group. It is also a good fit for him to concurrently serve as the chairman.

The key is that Lin Zhengdong has this ability.

If Jiang Xia doesn't mention this, then as the controlling shareholder of Changjiang Storage, Germinal will most likely push Lin Zhengdong to the position of chairman.

Jiangxia's initiative shows more sincerity in cooperation, and it is actually a disguised promise to Germination that Jiangxia City Investment will not overly interfere with the daily operation of Changjiang Storage.

This is also one of the keys to the success of Changlong storage.

Of course, as one of the main shareholders of Changjiang Storage, Jiangxia City Investment must arrange management personnel for Changjiang Storage, including at least one vice president, and other related personnel such as auditing, finance, and administration.

But overall.

Still take Lin Zhengdong as the core of decision-making, especially on the business side.

"can."

Zhang Shuo is generally satisfied with the results of the negotiations, "We will sign a cooperation agreement according to this framework, and then conduct detailed negotiations on specific issues. Lin Zhengdong will also participate in it."

"understand!"

Gu Mingzhang knew very well that his task basically ended here, and the negotiations on the remaining details would take a long time, and the follow-up would definitely be presided over by Lin Zhengdong.

There is no need for him to show up.

"My only requirement is to be fast!"

"Let Changjiang Storage be incorporated as soon as possible, build a headquarters framework from scratch as soon as possible, put it into substantive operations as soon as possible, and start the storage semiconductor base as soon as possible."

In view of the future situation, it is not an exaggeration to say that it is a race against time.

"understand!"

Gu Mingzhang nodded again, knowing that this would be an instruction to Chang Chang's storage.

After sending Lu Kai and Gu Mingzhang away, Zhang Shuo began to worry about money again.

The acquisition of Durban Logistics requires 35 billion;
It is estimated that 1.5 billion will be needed to acquire the shares of Weizhong Bank held by Tenda;

20 billion is required to set up Changjiang Storage.

These three businesses alone require as much as 250 billion funds. If it weren't for the fact that these funds should be allocated within two or three months, Germinal might be "bankrupt" again.

Cash flow was squeezed dry again.

The only good news may be that after the completion of these three investments, there should be no major investment moves in a short period of time, so you can take a breather.

"I think should not be?"

Zhang Shuo shook his head and shook off the inappropriate thoughts.

.........

Tenda Building.

Just when Zhang Shuo was worrying about the capital chain, Er Ye was also worrying about money.

Although the starting point is different.

It turned out that Qiandu, one of the major shareholders of Nomi Dianping, suddenly proposed a capital increase plan of up to 5 billion yesterday to support the expansion of Nomi Dianping in the local life service track.

There are good reasons too.

First, the businesses currently covered by Nomi Dianping, such as food delivery, hotels, and tourism, are expensive to operate, and the annual operating cost alone is as high as billions.

Second, Nomi Dianping also needs to develop new businesses, such as shared bicycles.

This of course also requires money.

With such a calculation, the capital increase of 5 billion is really not too much.

It may not be able to last for a year.

"Qiandu is obviously taking advantage of the fire to rob, it is really hateful!" Lu Jian was very upset.

Tenda's recent capital chain is already very tight. Where is the extra money injected into Nomi Dianping?And if the capital increase proposal is rejected, according to the previous agreement between the two parties, Tengda needs to make concessions.

That is to transfer a part of the shares of Nomi Dianping to Qiandu.

Before the merger of the two, Tenda held 58% of the shares in Nomi Dianping because the valuation of Dacong Dianping was higher than that of Nomi. Correspondingly, Qiandu only held 42% of the shares.

obviously.

Qiandu is not reconciled to this, and wants to get close to regaining control of Nomi Dianping.

"So, we can't let Qiandu succeed."

The second master was obviously a little upset. How could he have thought that Tengda would be forced into such an embarrassing situation by his partners one day because of lack of money.

This has never happened since Tenda went public.

It's really bad!
"But the funds in our hands now..."

Lu Jian, who was still very angry just now, exposed his weakness when he mentioned business.

Tengda's capital chain is already in jeopardy.

It is a fact that he chooses to sell the shares of Weizhong Bank and wants to start a new business. It is also a fact that he wants to take the opportunity to obtain a sum of cash to supplement the cash flow that is about to dry up.

It stands to reason that Yi Tengda's background should not have been reduced to this level.

But everything happens for a reason.

The bitter fruit of Tenda today can be traced back to the large-scale investment and mergers and acquisitions in the past one or two years, including the acquisition of music websites, online literature websites, game companies, Dacong Dianping, live broadcast platforms and so on.

In order to achieve the acquisition, financing and borrowing were carried out in itself.

Even if it cuts off non-core businesses, such as e-commerce, the essence is to continue to invest more, not to sell it like a bud.

In addition to the recent internal layoffs, of course it will save money in the long run, but in the short term, in order to compensate the laid-off employees, a large sum of money needs to be spent.

It also needs to be repurchased in the stock market.

The accumulation of various factors has caused Tengda's current embarrassment.

"Look for a financial institution to lend."

Second Master rubbed his forehead, feeling a little headache.

Based on Tenda's current performance in the stock market, it is definitely not suitable for financing in the stock market. It may be possible to get a loan from a bank, but obviously don't expect too much.

The most reliable ones are financial institutions, although financing costs are high.

"it is good."

Lu Jian also knew that there was no other way to do this.

It's really embarrassing!

(End of this chapter)