I Have 100 Million Stores

Chapter 335: Right in Xie Jianlin's arms!

It's hard to imagine that Xie Jianlin lost his composure at this moment!

If those subordinates who are familiar with Xie Jianlin saw this appearance, they would definitely be shocked.

Because Mr. Xie's reaction was unprecedented!

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 storms and waves.

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

But what he heard this time completely surpassed his understanding of business and overturned all his previous cognitions!

It is clearly worth 28 billion shares, but they cut off 7 billion directly?

What kind of fairy operation is this?

Is this something that humans can do?

Xie Jianlin, who has been in business all his life and has been in contact with countless businessmen of all kinds, has never heard of such a thing in his life!

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

How could this be?

Isn't this company just established a few months ago? !

This speed of development is too amazing, right? !

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

Far exceeded his expectations!

This is bluntly throwing funds and assets into it!

Originally, he also drew up a list, and he felt that the capital behind Shiwang Group was probably in this list.

In particular, some people's style of doing things is very low-key, which is quite suitable.

But now it seems that it is not!

Because most of the candidates on his list are either in the real estate industry or mainly related to the real estate industry.

There is no one who can take out such a large amount of Internet assets!

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

And it's impossible to be so generous, easily giving away billions of dollars in profits!

Who on earth entered the physical industry with a lot of money, and came up with two very high-quality property rights.

There are still such an astonishing number of Internet giant shares now? !

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

The key is the other party's actions,

The act of treating billions as nothing is incredible!

"Are you joking with your father?" Xie Jianlin came back to his senses, with a straight face, and said seriously: "This kind of joke is not funny."

"Father, I'm fine, what are you doing joking with you!" Seeing his father's rare gaffe, Xie Qing felt a little joyful in his heart, and replied:

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

"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?"

"Absolutely not wrong, I've confirmed it again and again!" Xie Qing nodded and said firmly.

As for his old father's reaction, Xie Qing could completely understand.

No one would believe this kind of unbelievable thing if they heard it!

"This..." Xie Jianlin was a little dumbfounded.

Having said all that, he naturally no longer doubted the authenticity of this matter.

But why would the other party do this? ?

You must know that stocks are real assets!

As long as you resell it in the stock exchange market, you will get banknotes!

Especially such high-quality stocks, and there are as many as 2%. If you really want to sell them, you only need to find those shareholders who want to increase their stocks. few!

Not to mention too much, it is not difficult to sell for 30 billion!

Not to mention that Meituan's momentum is still very good, its position as the number one in the market is becoming more and more stable, and there is still plenty of room for future growth!

"What are they thinking?" Xie Jianlin murmured, "If it were me, the company really needs funds, so why not just sell this stock!"

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

"It still doesn't know how to operate, and a large amount of selling out in a short period of time has caused the stock price to fluctuate downward."

"But if the operation is good, there are more batches, and the time is longer, it will definitely be safe to get 28 billion! Even more are possible!"

"Wouldn't it be more comfortable to transfer the obtained funds to the Shiwang Group? Maybe we don't need to follow the investment, and there will be 30 billion!"

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

"What are you drawing?"

"I don't understand either." Xie Qing curled his lips, and murmured in a low voice, "That's why I asked you just now, is there any illegitimate child out there?"

"What nonsense!" The corner of Xie Jianlin's mouth twitched, this girl is really big, she still has the heart to joke around at this time!

"Hey." Xie Qing smiled and continued:

"What should we do now? What the other party said is very clear. If we follow the investment, this asset will be transferred to the company at the rate of 21 billion. Otherwise, according to their intentions, it may be transferred to the company at the original price. At that time, our shares will be transferred to the company." have to be diluted."

"Follow! We must follow!" Hearing this, Xie Jianlin made a decision without even thinking about it.

It stands to reason that for an investment of 9 billion, it must go through rounds of inspections, analysis, evaluations, and discussions before a final investment feasibility report can be drawn.

This process must be very long.

But such a good thing in front of me, what investigation is needed?

What reason is there to refuse?

Although they don't understand the other party's intentions, nor can they figure out why the other party would do this to harm their own interests, but for the Xie Group, this is not something 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 according to 21 billion, then for the Xie Group, this is a sure-fire deal!

And the profits are amazing!

It is not an exaggeration to call it huge profits!

The visible profits of billions or nearly tens of billions are a huge temptation even for the Xie Group!

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

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

Now, with an investment of 9 billion, they can earn more than half of this year's net profit. Who can refuse such a thing?

"Okay." Hearing that the old father had made such a firm decision, Xie Qing smiled knowingly.

It seems that Dad is more decisive than she imagined, which saved her a lot of saliva. Originally, she was still thinking about how to persuade him.

Now it seems that there is no need at all, her previous worries are completely unnecessary.

"However." After a pause, Xie Jianlin said, "It's hard to get 9 billion in cash in a short while. Do they have any specific requirements for this?"

"No! I asked this point on purpose!" Xie Qing was a little complacent, it seemed that he had considered everything comprehensively, and replied:

"The other party said that it can be in the form of assets, or assets + cash!"

"Oh." Xie Jianlin responded, but he was slightly relieved.

I am afraid that all cash will be required, which is also a big trouble for the Xie Group, and it may not be able to take it out immediately.

For real estate developers, the more cash they have, the more they have to deal with subsequent debts.

If there is a sudden cash flow problem, resulting in an unpaid account, it will cause a series of chain reactions, and it may even collapse instantly.

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

The kind that almost collapsed directly!

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

But what is even more astonishing is that the debt of the Xie Group is as high as more than 420 billion!

In other words, the net asset value of the Xie Group only needs to be less than 150 billion!

What's more terrible is that many real estate assets of the Xie Group have been mortgaged for loans from banks and other financial institutions!

With such a high debt ratio and various mortgage loans, if there is a problem in one of the links, 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, in the end, Xie Jianlin broke his arms decisively to survive, sold batches of assets frantically, and paid off debts generously, reducing the debt ratio to about 50%, which stabilized the situation of the Xie Group!

Otherwise, whether there is still the Xie Group, and whether the Xie Group is still surnamed Xie, are all questions!

And even though the debt ratio has been suppressed, it only reduces the high risk to the medium risk.

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

The Xie Group has directly suppressed to about 50%. This is basically a leader in the real estate industry, and it is also a symbol of strength. At the same time, Xie Jianlin's courage is astonishing. He does not even blink his eyes when selling assets at a low price!

At present, the Xie Group has more than 180 billion interest-bearing liabilities.

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

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

Therefore, it is foreseeable that if there is a centralized redemption of large-scale bonds, the Xie Group will fall into the predicament of default if there is a slight carelessness.

Therefore, 9 billion funds are not so active!

But if you can use assets to follow up with the investment, then it is easy to say.

Xie's Group doesn't have much else, and the company's assets are really innumerable. There are nearly 400 in Guangqianda Plaza, 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 survival with a broken arm, many holes in this area have already been filled. The funds required for early repayment are not much, which is better than a one-time loan. It is much less to take out 9 billion in cash.

More importantly, transferring assets out is in line with Xie Jianlin's strategic direction!

That is, the strategic plan adjusted from 'asset-heavy' to 'asset-light'!

Originally, Xie Group's real estate projects, such as Qianda Plaza, were all site selection, negotiation, design, land acquisition, construction, and later investment promotion and operation by the Xie Group itself. It is arranged by themselves.

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

The asset-heavy model does not have much to say about its benefits, but there is an obvious disadvantage.

That is, the construction period of the project is long and the demand for early capital is huge.

This led to the fact that if the Xie Group wanted to expand its scale, it would have to constantly borrow money from the bank as collateral, and use the bank's money to support the rapid development of the group.

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

The root cause of the high debt in previous years lies here.

In the past, the success of this model depended entirely on the bank, or policy.

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

Good for both parties.

It's just that right now, under the policy of "no housing speculation", bank lending has been tightened!

Not only are there no good loans in the past, but the cost of loans has also been greatly increased!

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

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

Not only him, but all real estate developers are looking for new outlets!

Subsequently,

The concept of "light assets" emerged spontaneously!

The so-called asset-light is actually easy to understand. It means that Qianda Plaza, which was originally built with Xie Group's own funds, is handed over to others for investment.

That is, let others pay for it!

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

Only one capital is needed to invest in a family, and the market of the Xie Group will be quite huge!

And those capitals may have spare money, but they don't have experience and connections in this area, and they don't know anything about operating commercial real estate!

Under such circumstances, the advantage of the Xie Group comes out, which is to use the experience and massive resources accumulated in the field of commercial real estate for more than 20 years to help others choose sites, design, acquire land, and start construction.

After the completion of the project, he will be responsible for the follow-up shopping mall operation, investment promotion, management and so on.

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

Moreover, "Qianda Plaza", the most well-known IP in the field of domestic commercial real estate, is also used by investors!

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

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

It can be seen from the average occupancy rate of the shops in Qianda Plaza as high as 98% or more. There are basically few vacant shops.

And this asset-light model ultimately divides interests based on rent sharing.

The Xie Group can get 3, and investors can get 7.

For investors, it is completely acceptable to use this payment to be a shopkeeper.

The biggest advantage of light assets for the Xie Group is that the group's debt pressure will be greatly reduced.

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

No debt at all!

Every year is a steady stream of net income!

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

The cost is very low!

The risk is close to 0!

Based on this model, the Xie Group has developed in this direction in an all-round way.

Not only Qianda Plaza, but also "Qianda Cultural Tourism City", "Qianda Cinema" and so on, almost all industries are already moving closer to the asset-light model!

"This investment is simply tailor-made for our Xie Group." Retracting his thoughts, Xie Jianlin couldn't help muttering.

At present, Xie Group's new investments are all operating in accordance with the "asset-light" model.

But the Xie Group still has a lot of those old assets!

Xie Jianlin has always had the idea of ​​changing hands, but he had already sold those slightly inferior assets at a par or a low price when dealing with the debt crisis a few years ago!

What is left now are some high-quality assets. If the price is low, he doesn't want to sell it, and if the price is high, others can't accept it!

"Father, what do you mean?" Xie Qing didn't understand what Xie Jianlin said out of nowhere.

"It's nothing, I won't be able to tell you clearly in a while, so I'll explain it to you 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 vote with you!"

"Concrete Details"

"I'll have an interview after I arrive in Sansha City!"

"Oh. Ah?" Xie Qing responded first, and finally said in surprise: "Father, you want to come in person?"

"En!" Xie Jianlin said in a deep voice:

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