My 1999

If you want to successfully acquire Hynix, the most important thing is money.

Xu Liang’s personal money is mainly placed in Hongyan Fund.

There are five main sources.

First, the most lucrative oil speculation income is almost 16 billion US dollars.

Second, the income from selling the New Dream Real Estate project is approximately US$260 million.

Third, the sale of the Guangqumen Taihua City [R\u0026F City] land plot in Beijing brought in 3.5 billion Chinese dollars, or approximately US$424 million.

Fourth, the income from selling Yahoo Japan shares.

Xu Liang holds 10% of Yahoo! Japan's shares, approximately 120 million shares, with an average closing price of US$35.84 per share.

This share alone earned Xu Liang US$4.4 billion in pre-tax profits.

Fifth, it is the soybean position held by Hongyan.

In total, Hongyan purchased approximately US$9 billion in long soybean positions in the London and U.S. futures markets.

The starting price was 2,500 Chinese yuan/ton. Now the international price of soybeans has exceeded 5,700 Chinese yuan/ton due to increasing capital speculation.

If Hongyan and Hanhua hadn't been closing their positions, the price would have been even higher.

The average closing price of the soybean contract in Hongyan's hand is 4,890 Chinese yuan/ton.

In other words, Hongyan earned 2,390 yuan per ton of soybeans, a total of 8.404 billion U.S. dollars.

But whether it's Yahoo's stock market profits or soybean futures profits, capital gains tax needs to be paid.

Yahoo did not pay much here. After all, Hongyan has held shares for more than 3 years and it is a long-term capital investment, only about 15%.

The investment in soybeans is less than one year old. According to U.S. tax laws, it is considered short-term profit income.

According to the previous regulations of the United States, he had to pay at least a short-term capital gains tax of close to 40%.

But thanks to George W. Bush, he lowered the taxes paid by capitalists after he came to power.

Bush came to power with tax cuts. From 2001 to 2003, he introduced tax cuts one after another. The total tax cuts reached US$1.35 trillion, which was one of the largest tax cuts in American history.

The maximum short-term capital gains tax rate has also been reduced to 35%.

Xu Liang earns too much and must pay taxes at the maximum amount.

However, Hongyan Fund is an overseas capital, and China has signed bilateral tax cooperation with the United States, so it can get certain exemptions.

So, combine these factors.

After deducting various taxes and fees, Japan Yahoo's US$4.3 billion will still have US$3.57 billion left.

From the soybean harvest, after deducting various taxes and fees, there is still US$5.46 billion left.

Adding together the four profit directions, Hongyan Fund has a total of US$25.714 billion in funds.

This is his private liquidity.

Of course, a lot of this money has been spent so far.

The Qiu family's equity in Standard Chartered consumed US$1.8 billion in cash after buying another 5% of Standard Chartered's equity from the secondary market.

Then there is the bulk of the expenditure-Taihua Real Estate Company.

So far, Taihua has a total of 29 commercial real estate projects.

There are eight in Beijing, including Fengtai Taihua City, Guomao Taihua Plaza [China’s No. 1 Mall], Xizhimen Taihua Plaza [Yindu Center], Chang’an Street Taihua Plaza [Glorious Oriental Plaza], and Gongzhufen Taihua Plaza. [Guohai Plaza], Jianwai Taihua Plaza [Jianwai SOHO], Xidan Taihua Plaza [Xidan Joy City] and Sanlitun Taihua Plaza [Sanlitun Taikoo Li].

The former Guangqumen Taihua City [R\u0026F City] was sold to Fuhua Real Estate Company, a subsidiary of Hanhua.

There are five in Magic City, Xujiahui Taihua City [Xujiahui Center], Hongqiao Taihua Plaza [Aegean Shopping Park], Magic City Taihua Global Center [Magic World Financial Center], Taihua Times Center [IFC Center], Thailand China Oriental Center [Golden Landmark Building].

There are three each in Pengcheng and Yangcheng.

Then 10 cities including Weicheng, Rongcheng, Shancheng, Chang'an, Quancheng, Sioux City and Wuchang have a Taihua City project.

The construction area of ​​all projects is 12.47 million square meters, the average unit price is 3,014 yuan/square meter, and the total land transfer fee is 37.58 billion Chinese yuan.

Before oil speculation, he had invested US$2 billion and 16.5 billion Chinese dollars, leaving 21.08 billion Chinese dollars left.

In addition, in addition to the land purchase money, the first phase of construction funds, 8 billion Chinese yuan, was also spent.

Subsequent construction funds will also need to spend about 30 billion Huaxia coins.

Of course Xu Liang would not take this money out of his own pocket.

Instead, it is paid for by land mortgage loans.

It is then repaid through the company's profits.

Therefore, for the entire Taihua Real Estate, he spent approximately 29.08 billion Chinese dollars, or 3.5 billion US dollars.

In addition to these relatively large expenditures, there are also expenditures on Xu Liang's acquisition of Sanwei Mining from Delong Group, the purchase of Boeing business jets, and expenditures on several properties, plus the salary expenditures of Hongyan Fund, etc.

All put together, it cost him less than $400 million.

Finally, there are some shares acquired, such as 4.9% of Bandai and 4.9% of Master Kong. The two major shares cost him nearly 800 million US dollars.

After deducting all expenses, Xu Liang still has US$19.2 billion in liquidity.

With this amount of money at the bottom of the box, it is enough to acquire Hynix and complete subsequent development.

However, he promised Jiang Weiguo that he would set up an 'Evergreen Fund' under Hanhua to invest mainly in high-tech industries with a total amount of US$10 billion.

"Now it depends on how much money Hanhua can make from soybeans this time."

Xu Liang said.

Now his Hongyan Fund has completed the selling of soybeans, but Hanhua's Pacific No. 1 Fund is still selling because the amount of spot soybeans it holds is too large.

It is unclear how much money will be gained in the end, but it is certainly more than what Hongyan gained.

When the first phase of Pacific No. 1 Fund is unblocked, Hanhua can get half of the profits.

Even if this amount of money is not 10 billion US dollars, it is at least 6 to 7 billion US dollars, or even more.

But the specific amount depends on how high the four major grain merchants and international hot money can raise the price of soybeans.

At least so far, soybean prices are still rising.

Dong Dong…….

There was a knock on the door.

"Come in."

"Mr. Xu, I have sent the information to the President's Office." Lu Hui opened the door and came in.

Xu Liang nodded and saw that she had not left, so he asked, "Is there anything else?"

"Mr. Gates called half an hour ago and said he was waiting for you in Seattle. I originally wanted to transfer the call to you, but Mr. Gates hung up soon."

Xu Liang nodded slightly, "I understand, is there anything else?"

"there is none left."

Xu Liang waved his hand, and Lu Hui turned and left.

Soon another three days passed.

There is still no news from George W. Bush.

"Why don't you call and ask?"

Jiang Xiaoyang said on the phone.

"Ask? No need to ask. If you agree, then agree. If you disagree, don't agree. There's nothing to ask."

"Your tone sounds very confident, right?" Jiang Xiaoyang said with a smile.

"Of course. Who made our Pacific No. 1 Fund so popular now?" After a pause, "How many soybeans are left in the company's hands now?"