Hospital.
Li Dong hung up the phone and frowned.
He didn't expect Longhua to be so influential. The bank didn't even make an exception. This wasn't the style of the banking industry.
Greenland wasn't a small client. Furthermore, they had properties as collateral. If the merger proposal was rejected so easily, Longhua must have spent a lot of money.
Li Dong breathed out a mouthful of turbid air and started to plan in his mind.
1.6 billion. It wasn't that he couldn't afford it. He had already prepared 1.5 billion. Now that the supermarket was selling food on a large scale, taking out 100 million was not a problem.
But just like what Wang Pengfei thought, once he took out 1.6 billion, Li Dong would be under a lot of pressure.
Within the next three months, he had to pay off the remaining 800 million from Greenland.
Other than that, there was 2 billion for the land, 1 billion for Longhua, and 500 million for the supermarket to expand into the three provinces. He had to make up for it later. It was the same for the shopping mall and the logistics company.
In addition to the loans and the acquisition fees from before Era, it would be more than the five billion that Wang Pengfei had calculated. Even six billion would be enough!
So far, the only source of funds was the supermarket's profits.
But the three provinces' markets were not developed yet. Times was stuck in Sunan. Currently, with just Jiangbei's profits, it would be good if they could make 300 million in three months.
In addition to the billions he had, it was only 2 billion.
This meant that Li Dong had to raise at least 4 billion in three months.
Even if he sold his shares, he wouldn't be able to take out so much money. Unless the property market recovered in the next month or so, he would still have a bunch of properties in his hands. In addition to Greenland's properties, he could sell them for around 2 billion.
But it was hard to guarantee that the property market would recover in a short period of time.
Li Dong frowned. Shen Qian, who was helping him pack his clothes, asked, "What's wrong?"
"The bank doesn't agree to the merger. Either we repay the loans or we change to Longhua."
"The bank is quite lenient." Shen Qian sneered, "Hsu Shengzhe is not in the right state now. He relies too much on schemes. Conspiracies alone were not enough for the development of a business. Sometimes, being upright was the way to go. Crafty plots and schemes are just a side effect, not the main course. Hsu Shengzhe will probably suffer greatly in the future. "
"I don't know if he's at a disadvantage, but I know that I have a lot of problems right now. I'm in some trouble now that I've spent another 800 million in cash flow. "
"What do we do now?"
Shen Qian was also in a difficult position. She thought for a while and said, "Far away is indeed struggling now. The lack of funds is too serious. As for raising funds, especially large amounts of funds, there were not many ways that he could think of at the moment.
First, plan to go public.
However, this requires time to prepare. Moreover, you may not necessarily be willing to do so. Far away, it is not feasible to go public.
Second, find a bank loan.
ICBC has been working with Longhua for many years. Their relationship is too deep. We don't have to look for them. But we have also been working with CCB for a few years. We should be able to get some loans.
However, the amount might not be as high as we thought. After all, we didn't open the bank.
Third, find a private equity fund.
This is probably the simplest and easiest. Far Away has been making good profits for the past two years. Someone had approached us before.
Far away, it shouldn't be a problem to find a private equity fund to raise funds. "
Li Dong frowned and said, "I know about the private equity fund. I've met a manager from the fund association previously. Their condition is to participate in the management and control a portion of the company's shares. As for the shares, they said that they can be redeemed, so I don't have much of an opinion. But if they participate in the management, what about me? With a third party giving orders, the company will not be able to operate according to my wishes. I can't accept this. "
Shen Qian said helplessly, "If you want to get something, you have to give something. You don't want to give anything, and you want others to lend you a large amount of funds? That's obviously impossible. Of course, according to your wishes, there is another path we can take. "
Li Dong was interested and asked, "What path? Let me make it clear first. I don't want the shares to fall into someone else's hands. I also want the management rights in my hands. "
"You're thinking too much! But this method can really meet your requirements. "
Li Dong couldn't believe what he said. In fact, he knew that his request was too harsh. Other than Shen Qian, who would lend him a large amount of money without asking for anything in return, who else would be willing to do such a thing?
But Shen Qian explained to him, "Have you heard of corporate bonds?"
Li Dong's eyes flickered when he heard that, "I have. You mean …?"
"Yes, we can make some preparations and see if we can pass the audit to issue a batch of corporate bonds Far away. This thing will not split your shares, and there won't be a third party interfering with our management. The only thing we need to do is to bear a part of the interest. But the conditions for the issuance are a little harsh. Plus, Far away is not famous enough. It's hard to say if there will be an audience. If no one subscribes for the bonds, it will be a joke. "
Li Dong didn't pay attention to what Shen Qian said next. He muttered to himself, "Corporate bonds … Corporate bonds …"
This was not the first time he heard of this term. He had noticed it once before.
That was in March this year. He inadvertently discussed the feasibility of corporate bonds with Sun Tao.
Of course, he did not discuss this for no reason.
In March 2006, China Resources issued corporate bonds with a par value of 3 billion.
At that time, the bonds issued by China Resources were quickly digested by the market, which made Li Dong really envious for a while. He envied not only that China Resources easily raised 3 billion.
But also that China Resources' credibility was strong!
The coupon rate was only 4.05%, a little higher than the bank's interest rate. Such an issuance rate could actually be quickly digested by the market. Far away was an achievement that China Resources could not achieve at present.
Now suddenly hearing this from Shen Qian, Li Dong suddenly thought of China Resources.
After muttering for a while, Li Dong's eyes flickered, "Far away can we do it? At present, the domestic companies that issue bonds are either listed companies or state-owned enterprises. Far away is a private company, and I am the only shareholder. Can it pass the audit of the National Development and Reform Commission? "
"It is not a big problem with the Provincial Development and Reform Commission, but it is hard to say with the National Development and Reform Commission. Also, the issuer of corporate bonds must be a joint-stock company or a state-owned enterprise. If we want to issue bonds smoothly, we must change the corporate structure from a limited liability company to a joint-stock limited company. In this way, you will have to take out some of your shares. Of course, this is just a formality change. You can put the shares in the hands of your uncle and aunt. These should not be a big problem. "
"If we pass the audit, how many bonds can we issue Far away?"
"According to the regulations, bonds can only be issued with a value of no more than 40% of the company's net assets. Far away's net assets are about 7 billion, which means that bonds can only be issued with a value of 2.8 billion. In fact, it is very difficult to reach 40%. Try to reach 30%, and it is possible to issue about 2 billion. "
"2 billion …"
Li Dong calculated for a while. If this can really be passed, he will be able to raise 2 billion funds at one time. Then it will be much easier for him.
In addition, the company can still raise about 2 billion, which means that the funding gap is only about 2 billion.
At that time, whether it is stock cashing or property recovery, he can cash-out any one of them, and he will be able to meet the funding needs of Far away.
Also, bonds are easy to use. China Resources will issue 2 billion bonds for 15 years.
Far away may not be willing to issue long-term bonds, but people will be willing to accept short-term bonds for three to five years.
After all, Far away has been doing well for the past two years. Within three to five years, Far Away should not be weak.
The interest rate is slightly lower than China Resources's 15 years. According to 4%, it will only be 80 million a year.
Eighty million for three years, that will be 240 million. Including the issuance cost, it will not exceed 300 million.
Using 300 million in fees in exchange for 2 billion to help him tide over this difficult time. Far Away can overdraft 2 billion without any scruples. In fact, it is still worth it for the rapidly developing company.
After thinking for a while, Li Dong said, "Alright, let's go this way! You will be in charge of this, and the company will cooperate with you. Raising 2 billion funds will be a great help to us now. But can it be done in three months? "
Shen Qian thought for a while and said, "We can ask them to speed up in the province, but it will not be easy in Beijing. But I will ask my father to ask a few friends to help. It should not be a big problem.
Also, there is the problem of the guarantor. If a bank is willing to guarantee for us, I think three months should be possible.
I will talk to China Construction Bank. We have been cooperating with them for the past two years. Far Away's liquidity, including suppliers' funds, will all flow through China Construction Bank. It should not be a big problem to ask them to guarantee.
Finally, there is the issue of listing. Because we are not a listed company, we cannot be listed on the stock exchange.
If we cannot be listed, we can only rely on our own roadshow. This way, the audience will be much smaller.
I am afraid … "
"Afraid that no one will be interested?"
Li Dong's words voiced her concern. Once the bonds issued by Distance Shipping went unbought, the stock price would plummet, just like a company going public.
Far Away is a private company, and it is not listed. There is no need to worry about the stock price falling.
As for the market value being undervalued, Li Dong does not really care.
The main thing is that he is afraid of causing a chain crash. Far Away's bonds will be unsold, and the public will doubt the credibility of Far Away.
It does not matter if the public doubts it. But what about the suppliers Far Away's cooperation?
The reputation of the real estate company will also suffer a major blow. These are all issues that must be considered.
Shen Qian nodded slightly and said, "I am worried about this. After all, we are just a private company. We are not like China Resources and other companies, who have the country's guarantee. If we cannot come up with a decent guarantee, others will not accept our bonds. "
Li Dong gently tapped his fingers and thought for a while. "What if we make a big move Far Away in a short time? For example, expanding the market in three provinces, acquiring green land, these can increase the credibility of our company. If we release some big plans at this time, our reputation will soar in a short time, right? "
Shen Qian frowned. "Big plan? You think our plan is not big enough? If you want to make a big move, you better slow down. We really can't hold it anymore. Outsiders might not understand, and they might even think that we are biting off more than we can chew. "
"That's true."
Li Dong sighed helplessly. "Then what should we do?"
"Sigh. We will think of something when the time comes. After all, we are only making a plan now. We might not be able to pass the approval of the CSRC and the NDRC."
Li Dong also felt that his worries were groundless. He nodded and said, "Let's carry out the plan first. We will talk about the details after it is approved. If it cannot pass the approval, it will be useless no matter how many plans we have now. I will think of something when it is approved. "
Li Dong had seen many successful marketing plans from his previous life.
Something worthless can be sold at a sky-high price.
Moreover, Far Away is not worthless. It is a large group with assets of tens of billions. I dare not say it in other places, but in Jiangbei, Far Away still has some foundation.
When the time comes, as long as the plan is done well, 2 billion is not a lot, and it is not impossible to raise it.
Temporarily putting this matter aside, Li Dong said, "Regardless of whether it is approved or not, I cannot let go of the acquisition of Greenland. I will ask Wang Pengfei to do it. Next, we must be prepared to tighten our belts. As long as we can get through the next few months, Far Away's future will be bright! "
Shen Qian looked at Dong Xuebing's energetic appearance and could not help but reveal a trace of infatuation in her eyes.
Wasn't this Li Dong the reason why she was infatuated with him?
Temporary difficulties are nothing!
Just like what Li Dong said, once they acquire Greenland and complete the expansion of the three provinces, supermarkets and real estate will be on par with each other. With the addition of shopping malls and logistics, Far Away's future will be bright.
Now, Far Away may be full of difficulties, but Far Away still has Li Dong and herself. One day, she will let everyone know that even if she does not rely on anyone, Far Away can still go very far!
At that time, who would dare to say that Li Dong only relied on luck?
He was not a loafer, nor was he a violent bull who only knew how to throw a tantrum. He was Li Dong, the irreplaceable Li Dong!
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