v2 Chapter 333： In the middle of Xie Jianlin's arms!

Chapter 335 In the middle of Xie Jianlin's arms!

It is hard to imagine that Xie Jianlin has been in a rare gaffe at this moment!

If you let those subordinates who are familiar with Xie Jianlin see this look, they will definitely be shocked.

Because Mr. Xie’s response has never been seen before!

You must know that in Xie Jianlin's life, especially in the past ten years, no matter good or bad, it can be said that he has encountered all kinds of wind and waves.

It is no exaggeration to say that to achieve his high position, there have been very few events that can cause too much fluctuation in his heart.

But what I heard this time completely exceeded his understanding of business and subverted all his previous cognition!

It is obviously worth 28 billion shares, but 7 billion directly?

What kind of fairy operation is this?

Is this something human can do?

Having been in business for a lifetime, Xie Jianlin, who has been in contact with countless businessmen of all kinds, has never heard of anything like this in this life!

At the same time, Xie Jianlin never expected that this small company in his eyes could suddenly make such a big move!

How could this be?

Isn’t this company just a few months old? !

This development speed is too amazing, right? !

To be precise, the capital strength behind this company is too amazing, right? !

far exceeded his expectations!

This is forcibly throwing funds and assets into it!

Originally, he also drafted a list. He felt that the capital behind Real King Group was probably on this list.

Especially some people’s style of doing things is very low-key and quite consistent.

But now it seems that it is not!

Because of the candidates on his list, most of them are in the real estate industry, or they are mainly related to the physical industry.

There is no such large amount of Internet assets!

It's not that they don't have that strength, but that none of the people on this list have been involved in the Internet, and their main business is not on the Internet!

And it’s impossible to be so generous, it is easy to let billions of profits go out!

Who actually entered the real industry with a big deal, and took out two very high-quality property rights.

There are still such an astonishing number of shares in Internet giants? !

This strength is so powerful that even Xie Jianlin would not dare to underestimate it!

The key is the other party’s actions, the act of treating billions of dollars as nothing, it’s incredible!

"Are you joking with your father?" Xie Jianlin recovered, his face was stern, and said seriously: "This kind of joke is not funny."

"Father, what am I doing joking with you!" Seeing his father's rare gaffe, Xie Qing was a little bit happy in his heart, and replied:

"It's true! It's true! That's what they said!"

"Huh? Really put 28 billion worth of shares into their investment company at a price of 21 billion?" Xie Jianlin couldn't help asking: "Are you sure you heard the number correctly?"

"There is absolutely no mistake, I have confirmed it again and again!" Xie Qing nodded and said firmly.

As for the reaction of his old father, Xie Qing can fully understand.

This incredible thing, whoever hears it, will not believe it!

"This" Xie Jianlin was a little dumbfounded.

Speaking to this level, he will naturally no longer doubt the authenticity of this matter.

But why does the other party do this? ?

You must know that stocks are real assets!

As long as you resell on the stock exchange market, you will get the money!

Especially for high-quality stocks like this, and there are as much as 2%. If you really intend to sell, you only need to find shareholders who are interested in increasing the stocks on hand. If you promote a large transaction, there is a high probability that there will be a premium. few!

Don’t say too much, it’s not difficult to sell for 30 billion!

Not to mention that Mei Tuan's momentum is still very good, the market's first position is getting more and more stable, and there is still plenty of room for future growth!

"What do they think?" Xie Jianlin murmured: "If it is me, the company really needs capital, it is better to simply sell this stock!"

"Frequent selling in the secondary market may cause the stock to fall briefly, but in the end there will be at least 27 billion in funds!"

"I still don't understand the operation, and a large number of outbound sales in a short period of time caused the stock price to fluctuate downward."

"But if the operation is good, there are many batches, and the time is stretched a little, it will be stable to get 28 billion! Even more is possible!"

"Then put the funds in hand to Real King Group, wouldn’t it be more comfortable? Maybe we don’t need to invest with us, we can get 30 billion!"

"It's better now, just give us all this huge benefit???"

"What is the picture?"

"I can't understand either." Xie Qing curled his lips and said in a low voice, "So I just asked you if there are any illegitimate children out there."

"What nonsense!" Xie Jianlin twitched the corners of his mouth. This girl is also really big-hearted. It's this time, and she still has the heart to make a joke!

"Hey." Xie Qing smiled, then said:

"What do we do now? What the other party said is very clear. If we follow the investment, this asset will be allocated to the company at 21 billion. Otherwise, according to their intentions, it may be allocated to the company at the original price, and then our shares will be Must be diluted."

"Follow! Must follow!" Upon hearing this, Xie Jianlin made the decision without even thinking about it.

According to the truth, a 9 billion investment must go through rounds of inspection, analysis, evaluation, and discussion before we can get a final investment feasibility report.

This process must be very long.

But what kind of investigation is needed for such a good thing now?

What are the reasons to refuse?

Although they don’t understand the other party’s intentions, and can’t figure out why the other party would do it to the detriment of their own interests, for their Xie Group, this is not a question they should consider!

As long as it is confirmed that the other party’s shares are real, and the price is indeed allocated to the company at 21 billion yuan, then for the Xie Group, this is a stable and profitable transaction!

And the profit is amazing!

It's not an exaggeration to call it a huge profit!

Billions of nearly tens of billions of visible profits, even for the Xie Group, it is a great temptation!

You should know that in 2020 this year, as of December, the annual net profit of the Xie Group is only 13.88 billion!

That is the net profit created by hundreds of billions of assets!

While investing 9 billion at the moment, you can earn more than half of the annual net profit this year. Who can refuse this kind of thing?

"Okay." Xie Qing smiled knowingly when the old father made the decision so sure.

It seems that the old man is more decisive than she thought, and it saved her a lot of saliva. Originally, she was still thinking about how to persuade him.

Now it seems that she doesn’t have to. Her previous worries are purely redundant.

"But." After a pause, Xie Jianlin said: "9 billion in cash, it is difficult to come out in a short while, do they have specific requirements in this regard?"

"No! I asked this specifically!" Xie Qing was a little complacent. It seemed that he had considered quite comprehensively, and replied:

"The other party said that assets, or assets + cash are all right!"

"Oh" Xie Jianlin responded, but he was a little relieved.

I am afraid that I am afraid that I will need all the cash. For the Xie Group, it is also a big trouble, and it may not be able to be taken out immediately.

For real estate developers, the cash in hand is more, but it is all about dealing with subsequent debts.

If there is a sudden cash flow problem, which causes an account to fail, it will cause a series of chain reactions, and the serious point may even be an instantaneous collapse.

Take Xie Jianlin's Xie Group as an example, it has faced a serious debt crisis!

The kind that almost crashed directly!

In the past few years, the total value of the real estate assets in the hands of the Xie Group reached 570 billion. Is it surprising? !

But what’s even more amazing is that the Xie Group’s debt is as high as more than 420 billion!

In other words, the net asset value of the Xie Group is less than 150 billion!

What’s more terrible is that many real estate assets of the Xie Group have been mortgaged in order to obtain loans from banks and other financial institutions!

Such a high debt ratio, as well as various mortgage loans, if there is a problem in the middle, the cash flow breaks and the repayment fails, it is likely to have a domino effect!

The entire Xie Group will collapse in an instant!

Fortunately, Xie Jianlin broke his arm decisively in the end to survive, sell batches of assets frantically, repay debts in a big way, and reduce the debt ratio to about 50%. This stabilized the situation of the Xie Group!

Otherwise, is there still a Xie Group? Whether the Xie Group has a surname or Xie is a problem!

Although the debt ratio is suppressed, it is only reducing the high risk to the medium risk.

For real estate developers, it is impossible to solve the problem of debt fundamentally, and no real estate developer has the strength to repay it all. It is considered very good if it can reduce the debt ratio below 80%.

Xie’s Group directly pressured it to about 50%. This is basically a leader in the real estate industry and a symbol of strength. At the same time, it is also Xie Jianlin’s amazing courage. Selling assets at a low price is really unblinking!

The current interest-bearing liabilities of the Xie Group are still more than 180 billion.

Among them, short-term loans are 630 million yuan, non-current liabilities due within one year are nearly 70 billion yuan, and long-term loans are more than 90 billion yuan.

At present, Xie Group has about 50 billion currency funds in its hands.

Therefore, it is foreseeable that if there is a large-scale centralized redemption of bonds, if you are not careful, the Xie Group will fall into a dilemma of default.

So, the 9 billion fund is not so active!

But if it is possible to use assets to co-invest, then it is easy to say.

There are not many other companies in the Xie Group. The company’s assets are really countless. There are nearly 400 companies in Qianda Square, spread all over the country.

Hundreds of billions of hard assets are not groundless.

Although many of the assets have been mortgaged, after a few years of surviving with a broken arm, a lot of holes in this area have already been filled. The amount of funds required to repay the loan in advance is not much, and it is better than a one-off. Taking out 9 billion in cash is a lot less.

More importantly, the transfer of assets is in line with Xie Jianlin's strategic direction!

is the strategic plan to adjust from ‘asset-heavy’ to ‘light-asset’!

In the original Xie Group’s real estate projects, such as a Qianda Plaza, at the beginning of the project, the Xie Group itself went to site selection, negotiation, design, land acquisition, construction, and subsequent investment and operation. It is done by them themselves.

This is the core ‘asset-heavy’ model of the Xie Group before, and the property rights and so on are all in their own hands.

The asset-heavy model, the advantages will not be mentioned, but there is an obvious disadvantage.

That is, the project has a long construction period and a huge amount of preliminary funds.

This leads to the fact that if the Xie Group wants to expand, it must continue to mortgage and borrow money from the bank, and use the bank’s money to support the rapid development of the group.

For the Xie Group, repeating this model means that the debt ratio will become higher and higher, and the risks will continue to accumulate.

This is the root cause of the high debt in previous years.

In the past, the reason why this model can be played depends entirely on the bank or policy.

In the past, the bank’s review of this aspect was a bit lenient, and this aspect was a big profit point for them, and they were naturally happy to facilitate the conclusion of the transaction.

is good for both parties.

Just now, under the policy of "no housing speculation", bank lending has been tightened!

Not only is there no longer a good loan, but the cost of the loan is also greatly increased!

The increase in loan costs will undoubtedly greatly increase the risk.

Therefore, transformation has become an urgent matter for Xie Jianlin.

It's not just him, all real estate developers are looking for new ways!

Then,

The concept of "asset-light" came into being!

The so-called asset-light is actually well understood, that is, the Qianda Plaza, which was originally built entirely by the Xie Group’s independent investment, is handed over to others for investment.

is to let others contribute money!

There are so many rich capitals in the country, and there are countless people who can invest in a Qianda Plaza.

Only one capital is needed to invest in one, and the Xie Group’s market will be quite huge!

And those capitals may have spare money, but they don’t have the experience and ways to do this, and they don’t know anything about operating commercial real estate!

Under this situation, the Xie Group’s advantage comes out, which is to use the experience and massive resources accumulated over the past two decades in the field of commercial real estate to help others choose sites, design, acquire land, and start construction.

Wait until the completion, and then be responsible for the follow-up mall operations, investment, management, etc.

In short, it is like a contractor, let others pay, and the Xie Group will take care of everything!

Also, "Qianda Plaza", the most well-known IP in the domestic commercial real estate field, is available to investors!

Don’t underestimate this IP. Thousand-Da Plaza in many cities in China is synonymous with prosperity, and it can naturally bring traffic to shopping malls.

Not only brings passenger flow, but also has unique advantages in terms of brand entry!

From the average occupancy rate of the shops in Qianda Plaza is as high as 98%, we can see the horror. There are basically few vacant shops.

And this light-asset model is ultimately divided by rent sharing.

Xie Group can get 3, investors can get 7.

For investors, it is completely acceptable to use this effort to be the shopkeeper.

The biggest benefit of light assets for the Xie Group is that the group’s debt pressure will be too reduced.

Even after the complete transformation is completed, the Xie Group will be able to transform from a real estate developer to a service-type company!

There will be no more debt at all!

There is a steady stream of net income every year!

This model is very similar to consulting services, which is to make money by relying on experience and resources.

The cost is very low!

The risk is close to 0!

Based on this model, the Xie Group has fully developed in this direction.

Not only Qianda Plaza, like "Qianda Cultural Tourism City", "Qianda Cinemas", etc., almost all industries are already moving closer to the asset-light model!

"This investment is simply tailor-made for our Xie Group" After taking back his thoughts, Xie Jianlin couldn't help but mutter.

Currently, Xie’s Group’s new investments are operating in accordance with the “asset-light” model But the old assets, Xie’s Group still has a lot of them!

Xie Jianlin has always had the idea of ​​changing hands, but he had already sold those slightly poor assets at parity or low prices in previous years in response to the debt crisis!

All that are left now are some high-quality assets. When the price is low, he doesn't want to sell it. When the price is high, others can't accept it!

"Father, what do you mean?" Xie Qing didn't understand what Xie Jianlin bounced out inexplicably.

"Nothing, I will tell you for a while, but I will explain it in detail later." Xie Jianlin pursed his lips and said:

"It's not too late, now you go and reply to the other party, we are willing to follow the vote!"

"Specific details"

"After I arrive in Sansha City, I will talk again!"

"Oh, ah?" Xie Qing answered first, and finally said in surprise: "Father, do you want to come in person?"

"Hmm!" Xie Jianlin said solemnly:

"This project must be followed up in the name of the Xie Group!"

(End of this chapter)