my life reset

Chapter 407 Emergency Stop

Chapter 407 Emergency Stop

"Mr. Hu, our issue of Xiangjiang's bond issue has gone awry, and I don't know that villain is behind it. Hey, seeing that we are about to sign a contract with Hyundai, who would have thought that such a thing would happen? I have to go quickly The bank will find a way, and hopefully it will be in time."

Liu Jin is grateful for Hu Yang's efforts. The bond issuance was urgently stopped. Apart from villains, the main problem is the high debt ratio of the company itself.

He and Hu Yang have a tacit understanding and have never mentioned the debt ratio. In fact, they are all lucky.Now is not the time to delve into who complained, but to find a way to raise funds is the top priority.

"Mr. Liu, sit down first, let's not panic ourselves."

Hu Yang found that Liu Jin's mentality had collapsed, what's the use of going to the bank now?If people are willing to borrow money, they will agree to it sooner?
Since the bank refused to agree before, if I go to them now, they will still not agree.

"Hey, I also know that there is little hope of finding a bank, but it's better than doing nothing, right? Mr. Hu, I'm sorry, I failed your trust and failed to do a good job in the company."

Liu Jin only felt a deep sense of powerlessness at the moment.

"It's not that serious, and Mr. Liu shouldn't think too much about it. I have an idea. Now that we haven't signed a contract with Hyundai, why don't we make some changes first?"

As Hu Yang spoke, Liu Jin's eyes were full of hope again.

The issue of debt is gone, but there are other financing channels.In fact, Hu Yang's Huijia International Investment is a big financial backer.

However, it is not appropriate to borrow money directly from Dongfang Technology. Let alone the question of when to repay it. In the future, companies applying for the issuance of H shares will also encounter the problem of high asset-liability ratios.

Just the current asset-liability ratio of Dongfang Technology has been caught by those who are interested. If you continue to borrow money, the asset-liability ratio will be even more scary?
Hu Yang means that Huijia International Investment and Dongfang Technology will form a consortium, and Huijia International Investment will come forward to sign a contract with Hyundai.

The acquisition funds are provided by Huijia International Investment. After the acquisition is completed, this part of the TFT-LCD assets will be entrusted to Dongfang Technology for operation.

"Of course, if it is managed, Dongfang Technology will definitely have to pay a certain fee to Huijia International Investment."

What Hu Yang means is that Huijia International Investment will come forward to acquire Hyundai's TFT-LCD business, and then hand over this part of assets to Dongfang Technology.

The profit generated by the operation has to pay a fixed fee to Huijia International Investment every year, which is similar to the rental fee.

After the breath is over, Dongfang Technology can go to Xiangjiang to apply for the issuance of H shares.

"That's a good idea, but the cost of custody shouldn't be too high. How about referring to the interest rate of corporate bonds for the annual cost?"

Liu Jin knew that Populus Hu was not greedy for the custody fee. People called it "curve to save the country", and it was essentially the same as issuing corporate bonds.

"Well, after the acquisition is completed, let's sign a trusteeship agreement, and then sign an acquisition commitment, and everything will be fine."

This is a matter between the two companies, and it cannot be sloppy at all, otherwise good things may turn into bad things.After all, Dongfang Technology is a listed company, and the procedures must not be ambiguous, lest others think you are engaging in insider trading.

The two quickly reached an agreement, Liu Jin didn't waste time, and hurried to communicate with the representative of Hyundai.

Waiting for Hyundai to figure out the capital chain of the Huijia system is equivalent to figuring out the fact that Huijia International Investment is essentially an affiliated company of Dongfang Technology.

The other party did not make things difficult for Liu Jin, and agreed to ask the head office for instructions.

During this period of time, Hyundai was on the verge of breaking its capital chain, so why should it sell its TFT-LCD assets?
Among all the negotiators, Dongfang Technology's bid was the highest, reaching US$3.5 million.Now that the main body of the acquisition has been replaced by an affiliated company of Dongfang Technology, the purchase price remains unchanged, and the debt-ridden Hyundai finally agreed.

Three days later, Xia Bing flew from Xiangjiang to the imperial capital and attended the signing ceremony with Zhao Ziliang and Liu Jin.

Huijia International Investment successfully acquired Hyundai's TFT-LCD business at a price of 3.5 million US dollars, including all intellectual property rights, sales channels, fixed assets and all teams.

"Mr. Hu, Mr. Xia, I want to toast you a few times! Without your financial support this time, the acquisition would have become empty talk.

In fact, this acquisition was also a fluke. Jiandu, which had always been against me, used deception repeatedly during the negotiation process with Hyundai. In the end, not only was the deposit confiscated, but it was also fined 1000 million US dollars by the court.

After excluding Jiandu, our bid is the best, which is about 2 million US dollars higher than No.1800.This is the main reason why Hyundai finally agreed to replace the acquisition entity. "

On the evening of the signing day, Liu Jin held a celebration banquet at the Wangfu Hotel.

Before signing the contract with Hyundai, Huijia International Investment signed an asset custody agreement and an acquisition commitment letter with Dongfang Technology.

Huijia International Investment decided to entrust all assets (including intellectual property rights, production equipment, teams, sales channels, etc.) to Dongfang Technology after successfully acquiring Hyundai's TFT-LCD business.

During the trusteeship period, Dongfang Technology pays a fixed profit of 1500 million US dollars to Huijia International Investment every year, and all production and management costs are borne by Dongfang Technology.

Dongfang Technology promised to repurchase this part of assets within three years, and the repurchase price should not be less than 3.5 million US dollars.

For Hu Yang's arrangement this time, Liu Jin was not only grateful, but also admired.

The financing problem of Dongfang Technology was solved so simply, and the acquisition was not delayed at all.

"Mr. Liu, cheers! I heard that this Jiandu company is a company of Baodao? This guy does things that hurt others and benefit himself. In fact, I also understand why the other party does this. They also make display devices. In a word I just don’t want Dongfang Technology to acquire advanced technology!”

Regarding this Jiandu company, Hu Yang couldn't even complain.

It's normal to have competition in business, but what's the matter with your false quotation?The previous Jiandu company did this. They quoted a high price, and Hyundai wanted to sign a contract with him only to find out that the other party had no sincerity in the acquisition.

Hyundai took Jiandu to court in a rage, and finally Jiandu's deposit of several million dollars was confiscated and a fine of 1000 million U.S. dollars was also imposed.

Of course, this is all before.If Liu Jin didn't drink a little too much today, he wouldn't mention this matter.

"Mr. Hu, everyone eat and drink well tonight, and I'll talk to you about business tomorrow."

Liu Jin also realized that he was talking too much, so he put down his wine glass and went to the bathroom on the pretext of being anxious.

"Mr. Hu, I heard what Mr. Liu said. Does he still want to go to Xiangjiang to continue issuing bonds? It is also fine to continue issuing bonds. We have acquired the assets of HYDIS and entrusted them to Dongfang Technology. Their asset-liability ratio will soon decrease. Come down a little."

Xia Bing had always felt that this business was not worthwhile. With an investment of 3.5 million U.S. dollars, the annual income was only 1500 U.S. dollars?
But later Hu Yang explained to her the importance of this acquisition to the entire domestic display device industry, so she didn't continue to say anything.

"Mr. Xia, I may be going back to the deep sea soon. This time I will stay in the imperial capital for a long time. You will arrange manpower to handle the subsequent handover work, and Mr. Liu will send professional technicians to cooperate."

Hyundai promised to hand over all the assets of HYDIS to Huijia International Investment starting at the end of the month, which requires someone to take over.

Xia Bing nodded, and the two stopped talking.

The celebration banquet lasted until 9:[-] p.m. before Hu Yang and others returned to the hotel.

"Mr. Hu, I'll go back to my room to take a shower, and I'll talk to you later."

Xia Bing and Hu Yang were not on the same floor. She smelled of alcohol first, so she went back to her room to take a shower and change clothes, and then went to Hu Yang's room.

At this time, Hu Yang had already taken a bath and was drinking the hangover tea that Lin Yan got from somewhere.

"Mr. Xia, come on, sit down and have a cup of tea first."

Hu Yang pointed to another teacup on the coffee table, which Lin Yan had prepared for her in advance.

"Mr. Hu, I still suggest building a building that belongs to us in the imperial capital, just like the investment building in Deep Sea and the international building in Shanghai."

What Xia Bing said was right, there is also the Huijia Holdings Building in Yangcheng.

At present, Huijia is in the four super first-tier cities in China, and three of them have their own five-star office buildings. Indeed, the imperial capital should not be the only one missing.

"Well, I've been thinking about this issue recently. It's better to build a building in the imperial capital. In this way, you transfer another 5 million US dollars from the Xiangjiang head office to the account of the Beijing company, of which 3.5 million US dollars are paid for the acquisition, 1.5 million USD is ready to build Huijia International Investment (Kyoto) Building.”

In fact, Populus euphratica decided to invest in a building in the capital a few days ago. The location was considered, and it was built in the CBD business district of the capital.

Therefore, as soon as Xia Bing talked about it, he decided to invest in the construction of the Jingdu Building.

When Huijia International Investment (Jingcheng) Co., Ltd. was established, Hu Yang authorized Xia Bing to transfer 1 million US dollars from Xiangjiang, and now another 5 million US dollars have been transferred.

Before, there were 4.42 million Hong Kong dollars (Hong Kong dollar account) and 63.96 billion U.S. dollars (US dollar account) in the account of Huijia International Investment.

Populus euphratica invested US$4 million in the Konkola Copper Mine in Zambia.After transferring 6 million U.S. dollars to the Beijing company, there is still 53.96 U.S. dollars (US dollar account) and more than 4 million Hong Kong dollars (Hong Kong dollar account) left in the account of Huijia International Investment.

Huijia International's investment funds are still very abundant.

"Okay, I'll take care of these things tomorrow. Mr. Hu, do you think Zhao Ziliang is qualified to be the manager of the Jingcheng Company?"

Xia Bing is already used to Hu Yang's behavior style, and she is not surprised that the office building project with an investment of hundreds of millions of dollars will be decided as soon as it is said.

Hu Yang nodded with a smile, and said: "Manager Zhao's ability is not bad, I think he is fully qualified for this position. However, because he is a native of the capital, I think the corresponding supervision mechanism should be strengthened, you understand me mean?"

(End of this chapter)