Chapter 1889

Taihua land is the only real estate company under Taihua holding. At the beginning, it was the property management company of Taihua supermarket group, the real estate company of Bingcheng Pharmaceutical Group, the real estate company of Bingcheng machinery manufacturing group and many other companies merged. Now it is the wholly-owned subsidiary of Taihua holding group.

At that time, many state-owned enterprises in China had real estate development companies. They moved their old factories and sold them to make money. At that time, many state-owned enterprises did not do a good job in their main business. They had to find some money to make money so that their workers could get through the difficulties.

Later, Feng Yu saw that there was no scale and the strength was slowly improved. When Taihua supermarket group expanded, it needed real estate companies, so he integrated them and formed a large-scale real estate company.

Later, Taihua supermarket group expanded to a certain scale. The first and second tier cities have been basically occupied. Under the third tier cities, it is not suitable to open a Taihua super market. It is no problem to open a Taihua supermarket, so this business was sorted out separately and became Taihua land.

In this way, Taihua supermarket group also has more sufficient funds, and Taihua holding group can also use Taihua land to build new factories, office buildings and so on.

But to be honest, Feng Yu has not paid much attention to this aspect. This world Huaxia did not take real estate as the pillar industry, but took urban infrastructure and transportation as the pillar industry, and real estate is only an auxiliary project.

therefore, the rise in housing prices in China is not as fierce as it was in previous years, and it also avoided many bubbles. But because the overall economic level of China is high, people's rigid demand for houses is still increasing, and urban shantytown transformation is also vigorously promoted, resulting in the rapid rise of house prices in good areas.

This also gives Wanda room to develop, so that Wang Jianlin can become the leader of China's private real estate industry, even better than many central enterprises.

At present, the development of Taihua land is just in the tenth place in China, which is very satisfactory to many people. But in Feng Yu's opinion, the development is still not good, mainly because the level of managers in this area is average and the courage is relatively small.

The profits of other real estate companies are good, and the annual turnover is growing rapidly, but the development of Taihua land is becoming slower and slower, and the main profits have become the rent of office buildings and shopping malls. They haven't made a house, of course, they have lost a large market.

However, Taihua land has a lot of professional technical and management talents, sufficient machinery and equipment, and no debt. Its assets are still very high quality.

This is what Wanda lacks, so when it comes to development, it has had a lot of cooperation with Taihua land.

Wang Jianlin has a look. Anyway, your land is not the main business of Taihua holdings, and its annual revenue is not high. Maybe Taihua holdings really doesn't care about this business, so it's just right for him to buy it.

After the acquisition of Taihua land and the reserve land owned by Taihua land, Wanda may become the world's first urban complex developer and property assets can rise to the world's first!

China's No. 1 and the world's No. 1, that sounds very different. It will also play a crucial role in promoting the listing of ten thousand shares in the future.

In fact, although the scale of Wanda is very large, its debt ratio is very high. Although there is no risk of bankruptcy for the time being, the high debt ratio also restricts the development of the group. Most of the money earned is used to pay off debts.

The interest rate of debt is rolling every year, and they are under great pressure. IPO, with capital, can reduce the debt ratio, reduce the risk of business operation, and improve the profits of enterprises.

The more high-quality assets are, the higher the stock price will be when the stock is offered. If the same number of shares are issued, more funds can be raised, which is more cost-effective.

Anyway, Wanda Group still has shares of Taihua consulting. That Taihua consulting is not owned by Taihua holding group, and it is not Feng Yu's industry.

Feng Yu will not suffer from the loss if he turns his right hand to the left. Wang Jianlin thinks his proposal is not abrupt.

Originally, he intended to talk with Liu Chuanzhi. Since he met Feng Yu today, it would be better to talk with him. After all, Feng Yu is the real decision-maker of Taihua holding today.

Seeing Feng Yu's reflection, he was more excited. No objection, that's drama!

Feng Yu Niutou asked Wu Zhigang, "Gangzi, how much assets do we have in Taihua land?"

"Taking into account our reserve land, as well as the property assets such as office buildings under our name, the calculated value was about RMB 49 billion years ago, and now it's no problem to calculate RMB 50 billion."

Wind and rain building, Taihua building and so on are also hung under Taihua land. Feng Yu is not going to sell them. The wind and rain building has been sold to ten thousand groups. What's the matter.

"The office buildings and other properties are separated and a property asset management company is established. The remaining assets can be sold to Wanda Group by measuring how much it costs. Wang Dong, even if those properties and other assets are split up, the remaining land, machinery, personnel, brand and other assets will be worth more than 30 billion yuan. Even if I sell 40 billion yuan to take out, some people will rush to buy it. How much do you plan to pay? Is your capital enough? "Although it's a big plate, but the debt ratio is too high. They can't take out 40 billion cash. Feng Yu means to exchange this part of assets for ten thousand shares.

When Wang Jianlin heard Feng Yu's question, he immediately replied, "we Wanda are planning to raise shares for listing. Judging from the brand of Wanda at this time, it will be very simple to raise $20 billion. There is absolutely no problem in raising $20 billion."

"Oh? Are you ready to go public? Over in New York? The market there doesn't seem to be very good. "

Wanda's statements at this time must be non-profit, so it can't be listed in China, and Xiangjiang is also very difficult, so it can only be listed in the Nasdaq market.

The reason why many enterprises in China choose to list in NASDAQ is because the gate bar there is low. Of course, NASDAQ has been the most bankrupt and delisted companies.

But at this time, the impact of the economic crisis caused by the financial crisis in the United States has not passed, and the stock market in the United States is still at a low point, without any sense of rising. It is not a good choice to go to the stock market there at this time.

If the market is not good, then there will be fewer investors. At this time, it is very difficult to set the issue price high. The same number of shares can raise a lot of less funds. At this time, listing is a loss.

Of course, if some enterprises have reached the point where they have to go public, they will also choose to go public at this time. Feng Yu thinks that Wanda is not at this time.

"Feng Dong means that he wants to become a shareholder of ten thousand shares at the price of this part of assets?"

Wang Jianlin frowns. Wanda has gone through a round of non-public financing, among which Taihua consulting is also one of the shareholders of Wanda. If Taihua land is priced to be a shareholder again this time, the absolute controlling right of Wanda may not be in his hands.

At this time, he had to consider the advantages and disadvantages.

……