v3 Chapter 1138： The Great Pit of Latin American Sovereign Debt

Xia Yu's eyes swept across the faces of Wu Siyuan and Jiang Xieqiang.

He smiled and asked, "How much cash flow does your respective company have now?"

Wu Siyuan first replied: "The box office split of "Alien E·T" has not yet arrived. In addition to this, there are more than 230 million Hong Kong dollars in the company's accounts."

Jiang Zhiqiang then said: "Chairman, Global Cinemas has more cash flow. Also excluding the box office revenue of "Alien E·T", there are more than 410 million Hong Kong dollars in cash."

It can be seen from the cash flow of the two companies that it is too difficult for other competitors to compete.

Xia Yu said with a smile: "It looks like you can all complete the acquisition."

Jiang Zhiqiang nodded and replied: "Yes, although the net assets of the Shaw Cinemas have not been carefully calculated, it is probably more than 100 million Hong Kong dollars. The Global Cinemas can easily eat it."

Wu Siyuan went on to say: "Shaw Brothers Film Studio, Shao Yifu will definitely not sell it. He still has to use it to make TV dramas. After the movie studio is excluded, the value of Shaw Brothers Film Company is lower, and the main value is concentrated in In terms of personnel and other intangible assets, after this loss, I estimate that around 50 million Hong Kong dollars will be able to win the entire Shaw Brothers Film Company."

Xia Yu smiled and nodded, and exhorted: "Since you all have a plan that will benefit the company so much, then do it."

"Compared with Jiahe Films and other competitors, if you want to acquire, you will pay more. You should pay more attention to specific acquisitions."

"We understand!"

Wu Siyuan and Jiang Zhiqiang responded in unison.

...

Just when the public opinion of Hong Kong was dominated by the change of ownership of the Shaw Brothers film empire.

What the people of Xiangjiang don't know is that Xia Yu has accomplished another great thing in the global film market.

On June 25, with the financial support of Citibank and Wells Fargo, The Coca-Cola Company completed a privatized wholly-owned acquisition of one of the Hollywood giants, Columbia Film Industries, at a price of 750 million U.S. dollars.

As soon as the news was announced, the turbulent American film industry set off another huge wave.

Because of the equity disposal situation, it appears that Polaris Capital is only a 13% shareholder of Coca-Cola. Therefore, others do not know that Xia Yu’s influence in Hollywood has now surpassed Warner Bros. Pictures, ranking No. One!

After MGM Pictures merged with United American Films, the eight Hollywood giants have actually become seven giants.

Currently, two of the seven giants are actually controlled by Xia Yu.

With the support of MGM Pictures and Columbia Film Industries, the development environment for Universal Cinemas and Galaxy Films will get better and better!

In the hustle and bustle of the outside world.

Xia Yu quietly came to his Galaxy Fund Company.

Since the last time he led the Galaxy Fund to fight a battle in the international crude oil market, it has been a long time since the Galaxy Fund had a large-scale war.

Although the actions of Galaxy Fund in the future are still more dangerous and profitable than companies such as Bright Fund and Jiuding Securities.

However, Liu Xiao and others can't bring up the passion, and they can even achieve a state of absolute calmness without any fluctuations in the investment of hundreds of millions or billions of dollars.

It's like seeing Mount Everest, and looking at other peaks can hardly be stimulated.

"boss!"

"boss!"

In the greetings along the way, Xia Yu came to his own office, and then gathered a group of senior officials of the Galaxy Fund.

Liu Xiao, Xue He, Song Yang, Li De, Tang Yong, Ma Kai, Wang Gang, Liu Wei and others.

After everyone arrived, the atmosphere in the office gradually became eager.

Xia Yu's eyes swept across everyone's faces, and Xia he couldn't help being a little surprised.

I still remember that when the Galaxy Fund was established in a low-key manner, in his opinion, these people still had a lot of room for improvement. Many of them seemed a little immature with many shortcomings.

But now?

Everyone is in a very good state of mind, full of energy, deep-sighted and firm, that kind of steady and shrewd temperament is completely exuded from the inside out.

This means that everyone is very confident, which is an obvious manifestation of the absence of ability panic.

Xia Yu came back to his senses with a smile, and exclaimed: "Seeing everyone in this state, I am relieved about the next action!"

Upon hearing this, Liu Xiao and others couldn't help but smile.

"This time, I will lead everyone to act again and create new brilliance!"

"As for the action goal, you must have guessed it based on the tasks I assigned to you before."

"So I won't say more about the unnecessary nonsense. Let's just look at the information in hand and discuss together."

"Liu Wei! Send all the finished materials."

"Ok!"

After Liu Weiying finished, he got up and handed out the two thick stacks of Xia Yu to everyone one by one.

They didn't read all of these materials except Xia Yu once, they only understood part of the situation. This time, they will understand all aspects.

After receiving the information, Xia Yu didn't speak, and directly took the lead to open the information and browse it.

For a time, the entire office was only left with breathing and paper flipping.

These materials were collected and sorted out by Xia Yu, who spent a lot of manpower and material resources, and were detailed materials on the debt markets of developing countries around the world.

The amount of outstanding foreign debt of developing countries soared from US$125 billion in 1972 to US$62 billion in 1982.

Among them, the outstanding debts of 19 Latin American countries, including Mexico, Argentina, Brazil, Chile, Colombia, Peru, and Venezuela, totaled 328.7 billion US dollars.

It accounts for 52.5% of the outstanding foreign debt of developing countries.

More than half!

By the end of 1981, banks in Latin America and other countries alone accounted for 41% of bank loans in the United States, and these loans were highly concentrated in the hands of a few large banks, with 24 banks in the hands. More than four-fifths of them are loans.

The proportion of loans from banks in Europe and other countries to Latin America and other countries is even higher, as high as 48%, up to 157.7 billion US dollars.

In the European countries’ bank loan market to Latin America, the United Kingdom accounts for the largest proportion, accounting for 24.8% of the European share, nearly a quarter, even in the entire Latin America. The country’s outstanding debt also accounted for more than ten points, reaching 11.9%, or $39.2 billion.

And these loans were concentrated in the hands of Barclays Bank and Westminster National Bank. The Barclays Bank alone accounted for 34.9% of the UK’s share, and the total debt held was 131 $1.68 billion.

The debt amount of Latin American countries is also hierarchical.

The first echelon is Brazil, Mexico, Argentina, Venezuela and Chile.

Among them, Brazil’s foreign debt balance is 91.3 billion U.S. dollars, Mexico ranks second at 87.6 billion U.S. dollars, Argentina is third at 43.6 billion U.S. dollars, and Venezuela is fourth at 35.6 billion U.S. dollars. U.S. dollars, Chile is at 17.16 billion U.S. dollars.

The total external debt balance of the five countries totaled 274.7 billion U.S. dollars, accounting for 83.58% of Latin America's total external debt.

By the beginning of 1983, the principal and interest payable will be due. Mexico is US$430.1 billion, Brazil is US$30.8 billion, Argentina is US$18.4 billion, Venezuela is US$19.9 billion, and Chile is US$8. 1.6 billion US dollars.

The debt servicing ratios of the five countries (that is, the repayment of the principal and interest of foreign debts) accounted for 126%, 117%, 153%, and 1% of export revenue respectively. One hundred and one and one hundred and nine percent.

All far exceed the internationally recognized warning line of debt service ratio of 20%.

...

PS: I'm sorry, it was too late to check the information, which led to the late update.

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