The re-birth money is rolling in

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CC, the fastest update of rebirth is rolling!

Can money, not universal.

At this point of Li Dong, the family is over 100 billion, sometimes it is quite ridiculous.

However, even if you are headage, you can't pay for it.

The head of state is developing for national development, and it needs to talk about economic construction.

Li Dong himself naturally does not lack of money, and the development of the company still needs money.

Today, in order to acquire Gome, in order to develop online, in order to open logistics and after-sales channels, in order to open the overseas market, in order to achieve his big plan ... These have no exception, it requires money.

Thousands of distant distant groups, at this moment, it seems too weak.

According to the statistics of November, the total assets of the Yuanyuan Group have been close to 200 billion, including liabilities and cash flow.

Among them, banks and other liabilities, nearly 60 billion, and the payment is also misappropriated by far 20 billion.

If this algorithm is in accordance with this algorithm, the total liability rate of the remote group reaches 40%.

To do industries, the debt ratio is so high, it is not low.

Of course, mainly, logistics and real estate two major industries, high-end debt ratio.

All in all, in the distance, one of the most commonly heard: no money!

Five years old, one more, then expand, expand, expand, expand ... from the first store, total assets million, now the total assets, hundreds of billions, the span is not general.

It is also because it is too fast, causing the far-reaching funds frequently.

Even if Li Dong has raised money, loans, including financing, and funds still can't keep up.

In fact, the current distant is already able to maintain balance of payments.

The supermarket begins to make profits, and the logistics has some profit. The Internet industry has gradually begun to make profits ... these profits, invested in the operations of the group, not expanded, and it is barely enough.

Of course, the Yuanfang Plan has a lot of money, but these money can be solved by loans.

According to Yuan Chengdao's ideas, you should not worry about money.

No one has not yet, Li Dong just returned, it will be a big event.

Into the stock Gome!

If you are only like this, more than a billion fund, the distance is actually squeezed out.

Li Dong didn't come back, Yuan Chengdao did they actually knew news and began to prepare for this fund.

Less than 2 billion funds, no matter from the remote city project or supermarket, it can be moved.

You can wait for Li Dong to go to other people, when he left Yuan Chengdao, it suddenly opened: "I will prepare 5 billion funds.

"5 billion!

Yuan Chengdao has faced each other, and there is a bit in a time.

After a while, Sun Tao said softly: "Is Li, is it prepared for Guomei?"

Li Dong nodded.

Sun Tao was slightly eyebrow, and he suddenly said: "Then what you mean, 8% is not our bottom line, will we continue to hold?"

Today, everyone is no longer the manager of the previous storeman.

Sun Tao has experienced many years of experience, and he is sophisticated and soon guessed Li Dong's purpose.

If only 8% of the shares, the online channels of Gome, the total investment is less than 2 billion, and the plan is given to their programs in Bai Su, 1.8 billion is enough.

Now Li Dong let them raise 5 billion funds, apparently not just for these.

In front of the President and Vice President of the Group, some plans are not necessary to conceal, I really have to believe that the group is almost unable to run.

Li Dong took a few cigarettes, one handed one, this way: "I declare that we only have to online channels, and the line is off, but it is relative.

I have said very early, SMEs don't pay attention to, but giant companies must not let go.

In particular, we are in the home appliance industry, without a branch company.

Retail is mainly department stores and home appliances, now, department stores, we have done tips, plus online, and many things can be natural.

The home appliance industry is not working, and we are currently not even a store that specializes in home appliances.

Such strength, how can it become a industry leader? So, in this regard, we must increase your control.

Want to increase your control, we only have two ways to go, self-built, mergers and acquisitions!

Self-built ... "

Li Dong shook his head: "Self-establishment store is too laborious, and it is not good.

At the beginning, our supermarket chose to build, it is no way, we have no foundation, can only do this.

In order to complete the national layout, we spent five years, during the period, and more than a number of companies, including Carrefour.

For this reason, we are still covered in the western and northern regions.

This is supermarket, home appliances, if we still rely on yourself, it is another five years!

So, we only have a road, M & A!

Male and acquisitions general, today's domestic home appliance retailers, in Suning, Gome, Five Stars, Best Buy, Maccura Sanchak.

The latter three, in fact, there is a few weak, really can have influence, can shake and change the entire home appliance retail field, only Gome and Suning two.

A few months ago, I didn't have this intent.

On the one hand, we don't have this opportunity, and there is no such strength.

Even the time when Huang Guangyu just entered, I didn't consider M & A Gome.

Not long ago, I saw the opportunity!

Li Dong added a tone, before, in fact, his layout has been in the department store.

He said the opportunity, it is the emergence of entertainment.

Because I know that Fukang's existence, and Cheng Jia have sinned, Li Dongcai began to hit the idea of ​​Gome.

Otherwise, Li Dong really does not necessarily find Gome at this time.

Cooperation is possible, the shareholding is likely, Li Dong will not think of holding the holding.

Fukang's 8% shares have a great impact.

For a listed company, 8% of the shares have changed a lot of things, including changing the decision of Li Dong.

So Li Dong, after he heard that Tan Yong said the Cheng Kong, he had the idea of ​​M & A.

Sometimes, decisions tend to make it in the moment.

Male and acquisition Gome, not only in Yuan Chengdao's plan, it is not in the plan of Li Dong.

At the beginning, Qunna said home appliances, including Li Dong, all executives said slowly and slow.

I really saw the chance, I didn't catch it, it was stupid.

The front is slow, there is no chance, there is no way.

Now yes, Li Dong, to do everything, and seize all this.

"M & A Gome?"

Sun Tao, a few people, miniature!

The rumors of the outside world know that they have been a joke.

The distant and Gome cooperation are true, even they also fantasize to swallow Gome.

Once everyone understands, it is impossible now.

So when there is a rumor online, when the experts started analysis, Sun Tao is actually a joke.

These people, the alarming work is really weak, even if we don't have this, you have to analyze the national beauty? Even they don't believe it, visible, the so-called experts, in fact, they are scared to scare others.

Du Juan? Undoubtedly, at least don't believe it.

China's shareholders and board of directors, truly believe that Li Dong will do this, and it has just been.

Even Li Dong didn't say, Cheng Gang didn't think so.

Today, the entire business world, in addition to the guys who have clouds, the ruthless people feel that Li Dong will rise now to swallow and nationally thoughts.

Even if there is this mind, within three or five years, Li Dong does not necessarily have this plan.

And now, Yuan Chengdao did they heard? Li Dong wants to acquire Gome!

There is no question and veto as the original, in the past few years, Li Dong is often possible. Everyone is played over and over again. Everyone is smart now.

Ask you first, then say it is feasible.

Don't ask, I feel impossible, then continue to be blocked, the number of faces is too much, and I have arrived at the time.

He sat in the periphery sucking a smoke, this asked: "Do you have a plan? If you have a plan?"

Li Dong smiled: "Gome here, Du Juan and the Board should agree to our program.

Nowadays, the Huang family has mastered the 38% of the Gome. This time they let 3%, only 35% left.

The remaining 5%, from several investment banks to transfer, in which Morgan Datong and Morgan Stanley were the most shareholding banks, they also made 3%, and continue to hold 15%.

Next, it is Fukang, holding 8%.

After the plan is reached, we also hold an 8% shareholding.

We are five, share 66%, in addition to Yongle system, with a shareholding ratio of about 10%, other large and small investment and risk agencies, holding stocks are around 10%.

The rest is that the current stocks in the secondary market.

Currently wants to exceed the yellow house, complete the controlling power conversion, we at least 35% of the stocks.

Everyone nodded, Yuan Chengdao played the soot, while glaring: "I think, Li always you should hit the idea to have a few investment banks.

Whether it is Morgan Datong or Morganism, and we all have cooperation.

Including a group of currenches, and we have cooperated with us.

If we are willing to give some interests, we want to get shares in their hands, or it is possible.

Many investment banks now at least more than 25% of the shares in Gome.

All, I think it is impossible, if you pay some price, 18% is still there, Li, Li, I said right? "

Li Dong smiled: "Yes, I am this plan."

At least in the current, investment Weibo, more than investment Games, this is a few people.

The purpose of several major investment is to make money, not reasonable.

Of course, according to the agreement signed by them and Gome, Gome has the right to repurchase the shares in their hands.

Now, it is a rare opportunity, and Gome has no money, and the yellow family can't be booked for so much money in a short time.

Using this time difference, we can quickly complete the transfer transfer.

If you can get a shares around 18%, plus our existing, that is, 26% of the shares.

And I took it down, I can also get 10% of the shares. At this time, my shareholding ratio is as high as 36%, more than yellow home!

Several faces have a slight change, 10% is not a small number, at present, the national American suspension, the secondary market is temporarily unable to trade, that is, Li Dong is not acquired from the secondary market.

That's currently Li Dong wants to get so many shares, only two choices!

First, Yongle Department!

Second, Fugang!

Yongle is not a person, although Cheng Xia is the leader of Yongle, I can negotiate with people with Yongle, and there is too much, it is not possible.

That is, Li Donghe Fugang reached an agreement!

Thinking of this, Chen Yogang's micro-channel: "Li, I am really graying?"

Li Dong smiled: "The criminal board is nail!"

However, this 10%, a total of 2.1 billion funds, plus 1.8 billion on the side of Gome, this is 3.9 billion.

At this time, we have only held 36%, a little more than the yellow family, and the attitude of Yongle is worth discussing.

And it is, and the yellow family is likely to choose to inject the remaining unmarket store into the listing part.

Once so, the shares will be diluted.

According to my estimation, once these industries are injected into the national listing, our shareholding is at least 20%.

At that time, our 36%, only about 29% left.

And the yellow house, add 20% of the share capital, as well as the previously diluted part, the shareholding ratio is about 48%, and it can hold the share.

And we can't stop them from injected. After all, Gome is an integral. Once it is not allowed, they are separated from them, and the value of the Gome is big, and the layout also has a loophole.

Therefore, it is not possible to prevent them to inject.

In this way, the gap between us and the other party will be expanded again, and there are many differences.

The only thing that can offset this change is the batch of convertible bonds issued by Gome.

Huang family injected unmarried assets, if we win this bond, simultaneous conversion, the difference between the two sides is not large.

Bonds are nearly 5 billion, and they are not listed some of the values.

According to the current market value of Gome, it is about 20 billion this.

After all of the injected conversion, the market value was as high as 30 billion, twice dilution, we probably won 40% of the dilution with the original 36% shares.

The yellow family is almost in this ratio.

After Yongle Department and the remaining shares on the bank were diluted, it probably occupied 10%, and the rest is part of the circulation.

At this time, there are too few circulation parts. We can choose to increase new shares, as long as we win the yellow house in the secondary market, we can even reach the absolute control!

Overall, 3.9 billion in front, coupled with the bond part in approximately 5 billion, requiring approximately 9 billion funds.

Coupled with the secondary market, we have to repurchase some of the equity, and you have to prepare funds for $ 2 billion to 3 billion.

It is stable, and 3 billion is the most suitable, that is, the total investment is 12 billion, we have hope, holding the Gome returned to the Gome, which is convertible bonds and injected unmarketing assets.

This sale is definitely cost-effective, has repurchased the bond and injected some industries. The total assets definitely up to more than 30 billion, then according to the current value.

In fact, Gome is entirely injected, and it can be able to get up, 50 billion is absolute.

Sun Tao quickly coughed with: "Li, not 12 billion, the 18% of the investment bank is still not counted, you want to take so many equity in the hands of these people do not spit the bones.

At least, we have to use the Weibo shares of around 4 billion Weibo.

Calculate, investment will exceed 16 billion.

And even if this is, it is possible to obtain the holding right is still between two.

In my opinion, in the end, even if you can hold, the investment is about 18 billion.

Of course, I really have to hold, these money is worth it.

Less than 20 billion funds, holding Gome, including their unomailable industries, I am convinced.

Now I am worried about two, first, we may not be able to succeed, of which the risk is very large, this point Li always should have a number.

Second, even if it succeeds, the yellow household share is too high, and it is possible to be turned over.

Don't say it in the investment bank and the secondary market. Yongle is actually a trouble.

The best way, is that the people who will kick the Yongle system, get the equity in their hands, so that Huang family wants to turn it, it is not that simple.

Of course, this is my personal opinion. After all, Cheng Xiaoyang has been operating for a long time, it is difficult to kick them.

Yuan Chengdao gently knocked on the table, the phone: "To tell the truth, I didn't expect Li, I have done this point before.

This is currently, the yellow family is sorbing, it is indeed a chance.

If you have new shares, they are also difficult to raise funds to repurchase, and the probability of our victory is still very big.

I am afraid, I am afraid that some people will help the Huangjia in the middle.

After all, we want to hold Gome, not just just to Gome.

Changed to other people, it is nothing, change an east, there is often something in the industry, everyone will not care.

We are different!

In the field of department stores, even if it is not the first, and the hundreds of differences are not big, plus online, that is, the first thing is the first.

If you do the first in the home appliance, even I feel terrible, let alone others.

Suning, these companies, will not look at our holding Gome, once started to support the yellow family, or simply enter the field and let us fire, we need to spend more funds.

Overall, we at least to ensure that the funds that can be used in hand are close to 20 billion.

Of course, the 4 billion yuan of investment banks, that is, at least 16 billion funds.

Others have nodded, Li Dong said: "There is another point, don't forget, bond holders, almost all investment, in fact, can also consider Take Weibo Shares to change.

In this way, it is enough to nod.

Yuan Chengdao smiled: "It can be like this, we are afraid we lose the control of Weibo.

Before and after the nearly 9 billion Weibo shares, we held our shareholding in Weibo, even if you counted the options, it was more than 65%.

According to the valuation of two rounds of financing, even if it is now higher, after the shot, we will probably 30%.

In the future, C round finance is carried out, and then the market is diluted ... "

Yuan Chengdao can't say it. In this way, the last microblogger's Dadong family may have a shareholding ratio of about 20%.

Take Weibo, change Gome, is it? Of course, it is not to say that the distance is completely abandoned, and the shares are 20%, maybe still the biggest shareholder, can eventually change the risk of the business.

Now, I will see how Li Dong thinks.