Extraordinary Genius

1692. 1692 chapter sub-business (subscription)

“Parangi, according to our previous agreement, Land Rover is your Tata Motors, and a factory in North America is also yours. You should pick it first, and pay according to the contract amount, and bear the corresponding debt.” Feng Yu said very generously. .

Palange is actually a little unhappy. He still wants Wowo, but the acquisition is all hosted by the Wind & Rain Holding Company group, and the money is China XX Investment Corporation, which gives them a land. The tiger is already very good, not to mention the factories in North America, let them pick it first.

Fortunately, he also knows that the same use is not to talk about it, but to suspend, the same as when to become more lonely, and then negotiate, Tata Motors can still get one or two good car brands.

“Then we need this.” Palange grabbed a document, the largest of the three factories, but not the best, but what Tata Motors wants now is to expand.

“Yes, then the leopard will return to us, and we will sell it to Bing City Machinery Manufacturing Group. Mr. Xu, Shanghai, the same shareholding, you want it, then do you want Changan Ford’s equity? And Wowo, you are sure Is it all?”

“The equity of the joint venture Corporation, we all want it, Wowowo is sure that it is all, but you can let a factory give you. North America said that we have a factory, we want this.”

Mr. Xu also arbitrarily said his own conditions, or said that he was studying the conditions well, and of course he had discussed with Feng Yu in advance.

“Okay, then we will establish an asset management structure according to the agreement, and then reorganize these assets, and the non-performing assets will be stripped out, and we will bear the proportion.”

Ralph means that the liabilities of the non-performing assets are directly bought out. That is, the debt is paid off in one lump sum, and the remaining workers are directly given compensation for the buyout contract, and then some companies can be directly written off.

Tata Motors believes that direct buyouts are not cost-effective, although they will pay some interest on these debts each year, but they can alleviate the current financial pressure so that they don’t have to invest so much money at once.

In terms of state capital, it doesn’t matter. They have money now, and they can afford to buy out, but they don’t have some money. It is also good to take the money saved and make money.

But they also understand that the current economic situation is good, but the impact of the subprime mortgage crisis has already emerged. Many small real estate finance organizations are not bankrupt, so the economic situation is likely to turn sharply. They have no confidence at this time. Can guarantee investment to make money.

Generally, such large capital investment will select some long-term and stable investment, such as blue chip stocks, such as high-quality long-term bonds, such as quality funds.

As for investing in the futures market, such a risky investment is generally not made by state-owned assets. The only thing they have done is to invest in gold. They simply don’t dare to use more than twice the financial leverage. For fear of being careless and losing a lot of money, no one can afford this responsibility.

Although gold has been rising for several years, it is not the time when there is no decline. The level of state capital is generally high. In general, it is still more profitable and less profitable, but it is not without loss.

They now have another idea, that is, like the transfer of the Corporation, the purchase of the fund bonds issued by Taihua Consulting has a good return and is very secure.

However, some people object to it and think that Taihua Consulting’s bonds have a revenue range, which is to ensure that you have the lowest amount of income, but the highest is so much. Even if this project earns more, it will not be distributed to you.

This gives people a feeling that they are likely to lose, making many people very unhappy. To say that they are directly escorted to Taihua Consulting, they have concerns. One is that they feel uncomfortable. The other Taihua Consulting has a high commission rate. Taihua Consulting is actually registered in Hong Kong and adopts a commission negotiation system.

In other words, they are not subject to the commission limit of mainland, they can be set very high, or they can be set very low. Domestically, they can all be in one interval, and they cannot exceed this interval, nor can they be lower than this interval.

Feng Yu has long known that mainland has these restrictions, so I have already prepared. Anyway, Hong Kong is also China. Who can say what?

Several ways to deal with bad assets have advantages, but also have shortcomings, to see how to choose their own development.

Feng Yu told Ralph that in fact, they bought out these bad assets at once, they couldn’t do it, Taihua Holdings had no money, and the funds were all transferred to the financial market by Feng Yu. Many of the money was on the books, but not move.

So they decided to take another approach, which is to securitize bad assets. What does it mean is that these bad assets take-out and issue securities are sold. Then with this money, you can buy out bad assets.

Or there is another way, such as Morgan Stanley and other big banks, who are also the masters of these bad assets, can directly take-out these bad assets to them.

Non-performing asset securitization, this is still in the state of exploration in China, but it is only in some pilots to try, domestic operations, it is very troublesome, but fortunately they will be processed abroad.

The Palange team quickly calculated the funds they should pay. He went to the group Corporation to report on the money.

At this time, Xu’s mysterious secret whispered: “Chief Feng, these bad assets, our state capital is ready to buy.”

Feng Yu is very surprised to see Xu Zong, the domestic non-performing asset securitization is still in its infancy, what are they going to do?

Bad assets are handled well, and it is indeed possible to make money, but if it is not handled well, not only will it cost money, but it may also create a huge burden.

Mr. Xu saw Feng Yu’s confused expression and explained: “Chief Feng, when you continued to inject capital into the Bing City Machinery manufacturing group, there was an agreement with the top, if necessary, you can accept the equity of Bing City Government. A certain percentage increase, right?”

Feng Yu raised an eyebrow: “You are planning to convert debts?”

Debt-to-equity swaps are the conversion of debt into shares. This kind of treatment began as early as the end of the 1980s, and it was very popular in the reform of state-owned enterprises around 1998.

At the beginning, Feng Yu diluted a lot of Bing City Government’s equity, including Fu Guangzheng’s equity. Later, according to the contract, Fu Guangzheng added an investment and pulled the shareholding ratio back to 16%.

The Bing City Government has also added some investment to bring back the equity ratio, but it is far less than it was. It is not as good as Fu Guangzheng’s shareholding ratio now.

Bing City Government can’t get the money, but it’s okay, after a simple operation, to restore the equity ratio in the name of Bing City Government, and then repay the debt to a state capital.

“Chief Feng, Zhang Buchang said that this was what you promised at the beginning.” Xu said weakly.

Hey, this little money, do I need to repent? No matter what, Taihua Holding Group is still the controlling party.

“No problem, go back and talk to Zong Qingxian in detail.”

……