Chapter 1698
Words:1692Update:22/10/24 17:07:31
After making the arrangements in Hong Kong, Feng Yu returned to China. He will return after the news is out.
It is much more convenient now. Feng Yu can make video calls over the internet, and he can communicate with others even if they are thousands of kilometers apart.
Of course, Feng Yu has another important matter to attend to. The loan.
Although the loan does not seem urgent, it will be too late if it is urgent.
China's commercial banks can provide foreign loans, and they can even provide loans to overseas companies. But the approval process is very troublesome.
Feng Yu had decided to use many of his assets in China as collateral for the loans, and the loans were foreign currencies. Also, the loans had to be transferred overseas. This was troublesome.
"Simplify the approval process? You want me to give you the green light? "Zhang Ruiqiang frowned and asked.
"That's right. I hope you can help me get the loan within 24 hours and transfer the funds to my overseas bank account."
Zhang Ruiqiang shook his head. "No. No bank can get a loan within 24 hours."
Feng Yu took a step back. "Then help me get the loan now and get the loan as soon as possible. The assets I'm using as collateral are definitely of high quality. There's no doubt about that. "
"Feng Yu, you are in the financial industry. Do you still need to get loans? You have invested so much money, and you don't need to make it so big. "
Zhang Ruiqiang is worried. Financial investments are risky and risky. What if Feng Yu makes a mistake, or the international situation changes too fast? Feng Yu will suffer heavy losses.
"Hahaha … even if I lose all my money, it will not affect my foundation. Also, I am using the loan as a risk reserve. "
"You should also know that financial investments are risky. It's just like companies need cash reserves, and financial companies need more risk reserves. I had a risk reserve, but the international situation had changed recently. That's why I am going to use that money to hedge. "
"Even if you are hedging, you still need to have a risk reserve. We had discussed the acquisition of the automobile business, and the state-owned assets will pay for it. We can follow our previous agreement and increase the state-owned assets' shares in Bing City Machinery Manufacturing Group. "
"However, we are also planning to acquire an American supermarket chain group, a supermarket group with an annual turnover of tens of billions of USD and assets of close to 10 billion USD. This way, we can merge with Tai Hua Supermarket Corporation. This will be our Hua Xia's supermarket group going global. "
Taihua Holdings does not need to spend money on the automobile business, but the supermarket business needs to spend money. Also, Feng Yu had his eyes on many potential businesses in the US and wanted to invest in them.
For example, ships, ports, and logistics companies. These could be combined with Taihua Holdings and Wind and Rain Holdings to reduce costs, increase profits, and enhance competitiveness.
"How much do you want to borrow?"
"I don't need a lot. If possible, let's get a loan of 20 billion USD first."
Puff ~ ~
Zhang Ruiqiang spat out a mouthful of tea. "How much do you want?"
Zhang Ruiqiang thought Feng Yu will get a loan of a few billion USD at most. 20 billion USD is not a lot?
What does he mean by getting a loan of 20 billion USD first? Does he want to get more loans in the future?
"20 billion USD is enough for the time being."
"How are you going to mortgage it? Are you going to mortgage all of Taihua Holdings's shares? "Zhang Ruiqiang asked.
"40% of Taihua Holdings's shares is worth more than 20 billion USD."
The subsidiary's assets belong to Taihua Holdings, and Feng Yu cannot mortgage it directly because Taihua Holdings is not owned by Feng Yu.
40% of Taihua Holdings's shares is worth more than 20 billion USD? Then how many shares does Feng Yu have in Taihua Holdings? Taihua Holdings's market value is more than 50 billion USD?
Feng Yu's personal net worth had exceeded this figure a long time ago. But isn't Feng Yu's most valuable company Wind & Rain Consulting? Zhang Ruiqiang did not know that Taihua Holdings's value is so high.
From what Feng Yu said, Taihua Holdings' value is much higher than Feng Yu's.
"Feng Yu, if you want to get a loan, your collateral must be at least 50% more than the loan amount. Especially when you are borrowing foreign currencies, and the amount is so high. You still need to transfer your assets to an overseas account."
Feng Yu rolled his eyes. "What do you mean? Do you think I am transferring my assets overseas?"
Now, many rich people do this. Many of them register their companies overseas, and they can pay less taxes. Some even change their nationality to become foreigners and continue to do business in Hua Xia.
Feng Yu does not care about this. It is fine to change the company's registered address for the sake of the company's development. But if you change your nationality, you are forgetting your roots.
Many people feel superior because of this, and Feng Yu is disgusted by this.
"I believe you, and the higher-ups will believe you. But if this news spreads out, the people might not believe you. Furthermore, the loan amount is 50% higher, and it is hard for me to give you the green light. The higher-ups are very strict with you. "
Feng Yu waved his hand. "Who says my shares are not worth 30 billion USD? Didn't you see that the foreign media had estimated Wind and Rain Holdings' assets to be more than 80 billion USD? This is still a conservative estimate. Let me tell you the truth. Wind and Rain Holdings is worth more than 100 billion USD! "
"Also, I will not sell my shares even if you offer me 200 billion USD! If Wind and Rain Holdings gets listed or has a few more subsidiaries, their assets will be more than 200 billion USD. "
Most importantly, Wind and Rain Holdings controls many important markets in Hua Xia and owns many patented technologies. They also own many valuable brands.
Just these brands alone are worth more than most of the companies in China.
"Then why did you all only pay so little taxes this year?" Zhang Ruiqiang asked angrily.
"Taxes are related to our turnover. What does it have to do with our assets? Our Wind and Rain brand is worth more than 10 billion USD, but we still have to pay taxes for our brand's value? This is not right. "
"Our country is also dealing with USD now, and I want to get loans in USD and not Euros. Also, let me tell you something. USD will depreciate by the end of next year, and I can bear the losses as long as the banks give me more loans! "
"This … I will help you ask the banks. Why are you making such a big deal?"
Feng Yu looks at the globe on the table. "If the money is too little, it will not be effective."
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