Font
Large
Medium
Small
Night
Prev Index    Favorite Next

1281【Leveraged buyout】

After talking to Michelle, he had breakfast with Wang Xian, and then took a bus to Wenhe Group. Yishu Book · 1kanshu·

"Mr. Xia~" Liang Botao saw him and hurriedly came forward, "You are back from the United States!"

"Yes." Xia Tian nodded, "How is it, how is the company's operation during the days when I was not here?"

"Everything is in order." Liang Botao smiled, "and I have made 150 million Hong Kong dollars in trading foreign exchange during this period."

"Well, good news!" Xia Tian smiled with satisfaction when he heard this, "By the way, Botao, help me count my current assets and see how much money I have now."

He is about to acquire Columbia-Samsung Pictures, a big business of more than 3 billion US dollars. He must know how much chips he has, so that he can know it.

The cash and stocks are relatively easy to count. The key is that companies that have not yet been listed, such as Asia TV, Tianxia Pictures, Magazine, Comics, Mingpao Group, etc., are difficult to say, and they must be evaluated in detail by professionals.

"Okay." Liang Botao nodded, "Mr. Xia, are you preparing for the acquisition of Hollywood film companies?"

"Yes. This acquisition may cost more than 3 billion US dollars. I wonder if my capital is enough." Xia Tian smiled.

"It should be similar. You have HK$15 billion in cash now, and 39% of Wenhe Group's shares are worth at least HK$16 billion. Together, it has already been HK$30 billion.

If you include the assets such as Tianxia Film, Asian TV, Tianfeng Records, etc., you have at least 35 billion Hong Kong dollars. You haven't spent too much money recently, so I think this money should be enough for you to acquire Hollywood Film Company." Liang Botao said with a smile.

"But I just have some money to spend, and I'm spending a lot of money." Xia Tian thought to himself.

The stock market crash will break out at any time. In order to take advantage of the situation and maximize your own interests, Xia Tian has been stocking up a large amount of cash in his hands.

If Columbia Pictures acquires half of his funds now. In this way, once the stock market crash breaks out, he will lose half of his cash and his income will naturally be reduced by half or even doubled.

"Botao, is it possible to buy a large company with very little money?" Xia Tian asked expectantly. 1. Reading books w·1ka nshu·

If you can use less or not use the funds in your hands, you can buy Colombia-Samsung Pictures, that would be the best. But is there such a cheap thing in the world?

"Yes, using leverage acquisitions can be used to complete the acquisition with a small amount of money, realizing the 'snake swallowing elephant'." Liang Botao nodded and said with a smile.

"Really?! What kind of leverage acquisition method? Please tell me carefully." Xia Tian's eyes lit up when he heard that there was such a thing, and he asked quickly.

"The so-called leveraged acquisition, also known as financing mergers and acquisitions. Usually, one party will only pay a small part of the money, and all other funds come from bank loans, institutions to borrow or issuance of junk bonds. It is guaranteed by the assets and future cash flows and income of the acquired company and used to repay principal and interest." Liang Botao explained.

"However, although leveraged acquisitions can make a big profit with small profits, snakes swallow elephants, which seems to have taken advantage of them. However, the high interest and principal that they have to pay in the future will also put great pressure on the company's future operations. Once the interest cannot be returned on time, the principal will be paralyzed, and the company's operations will eventually go bankrupt and liquidation will end." Liang Botao reminded again.

Xia Tian nodded, understanding that this so-called "leveraged acquisition" is to eat the money and overdraw future income in advance. In this way, if the future management is not good and the hole cannot be filled, the company will run into trouble. However, he is not worried about this. In this stock market crash, his income will at least double, so he can afford to pay even the higher interest.

"It seems that this is a solution." Xia Tian smiled in his heart.

...

"By the way, Botao, I asked you to build a movie fund before, how did you do?" Xia Tian asked with a smile.

Knowing that there is a solution to the acquisition of Columbia-Samsung Pictures, he is in a particularly comfortable mood now.

"I have already formulated the plan." Liang Botao nodded, "We set up a fund company with a registered capital of HK$100 million, and then launch fund products, and the securities companies and banks are responsible for selling it, or we can sell it directly."

"Okay." Xia Tian nodded with a smile when he heard this, "Then let's do it. When can I finish it?"

"It should take less than a week," Liang Botao said with a smile.

As a free trade port and a world financial center, Hong Kong has relatively loose regulations on the management of fund companies and the amount of registered capital in order to attract investment funds from all over the world.

In the mainland, it is agreed that the capital of the fund company's initiator should not be less than 300 million yuan. Hong Kong only stipulates that it should not be less than one million Hong Kong dollars.

However, although Hong Kong has relatively loose capital requirements for fund companies, its requirements for practitioners are very strict. The directors of fund companies must have good reputation and sufficient experience to perform their duties; secondly, they also require the sponsors and partners to have good credit status, no bankruptcy, no debt restructuring records, etc.

But in general, it is much simpler to establish a fund management company in Hong Kong than to be in the mainland. It takes about a month to register a fund company in the mainland, and in Hong Kong, the procedures are simplified, so it is almost a week.

"That's fine." Xia Tian smiled happily when he heard this, "Botao, hurry up and handle it. In a week, I hope to see the establishment of a fund company."

"Don't worry, Mr. Xia, cover it with me." Liang Botao nodded and said, "By the way, Mr. Xia, what's the name of the fund company?"

"I have to discuss the name of the other two companies. You can prepare other materials first, and I will tell you the name when I look back." Xia Tian waved his hand.

He invited Jiahe and Xinyi City to establish this fund company. Of course, he made the decision without permission. This is not because he is afraid of Jiahe and Xinyi City, but because of respect for his partners.

"Okay." Liang Botao nodded.

...

Xia Tian stayed in Wenhe Group for a while, and then took a bus to Asia TV Station.

On the way, he called Zou Wenhuai from Jiahe and Mai Jia from Xinyi City, and asked them to have a meal together at noon. He talked about the film fund and the acquisition of Columbia-Samsung Film.

Both of them agreed happily and agreed to meet at the Fulinmen Restaurant at noon.

"Mr. Xia, you are back from the United States!" Zhou Liang Shuyi smiled and came forward to him.

"Yes, Mr. Zhou, I came back yesterday." Xia Tian nodded, "How is it, everything is fine during the days when I am not here."

"It's all good, I'm about to report to you." Zhou Liangshuyi smiled and nodded, "The third original song competition we held in cooperation with Tianfeng Records has ended successfully. The ratings of this competition are still very high, with an average rating of 80%, and it even reached 99% in the finals, which made the wireless game almost no ratings.

In addition, this competition also selected many excellent musical talents, such as the Kojima Band, the City Beat, the Border Band, etc. In addition to these band combinations, there is also a gentleman named Hu Weili who did not sing, but instead brought the sheng, the flute and the flute to play pure music, which is also very talented."

"Who?!" Xia Tian was suddenly stunned when he heard the name, and then asked in surprise.

"Island Band, City Beat..." Zhou Liang Shuyi was stunned when he asked this, and then reported the winner's name.

"No, no, I asked if it were those bands, but the one who brought the sheng, pipe, flute and flute to play pure music on stage." Xia Tian waved his hand quickly.

"Oh, his name is Hu Weili. He came to Hong Kong from mainland China last year. Why, Mr. Xia, do you recognize him?" Zhou Liang Shuyi couldn't help but ask in confusion when she saw Xia Tian's reaction.

"Of course I know him." Xia Tian thought to himself.

Hu Weili is a well-known Hong Kong music master, and has countless works in his life, such as "Drunk Fist 2", "The Deer and the Cauldron", "Tai Chi Zhang Sanfeng", TVB Lu Xian's version of "The Smiling, Proud Wanderer", "Nine-ranked Sesame Official", "Tang Bohu's Points of Autumn Fragrance", etc., which are definitely not inferior to Huang, Gu Jiahui, and Chen Yangqi's soundtrack.

Xia Tian loved his music very much in his previous life, such as "Stealing the Movement", "Market", "Snow Chihiro", "Swordsman's Musical and Flute Ensemble", etc., which are all classic works that you can never get tired of listening to.

Unexpectedly, this master has now entered his Tianfeng Records, which is really a surprise.

"Oh, when I went to mainland China last year, I heard of his name. I heard that he was a very talented musician, but unfortunately I didn't meet him at first. I didn't expect that he actually came to Hong Kong to develop. It's really fate." Xia Tian then made up a reason and said.

"Ah, I also heard from him that he is famous in the mainland, has created many works, and has performed for his family." Zhou Liang Shuyi said with a smile, "I thought he was bragging, but I didn't expect that Mr. Xia, you actually know. It seems that he is really a real person who doesn't show his appearance."

Xia Tian nodded with a smile, "The mainland has a population of one billion, and there are many capable people, so they cannot be underestimated."

"Yeah." Zhou Liang Shuyi also smiled, "In addition to discovering a lot of music talents, we also received advertising fees of HK$35 million and naming fees of HK$15 million. In addition to all costs, we also made a profit of HK$33 million."

"Okay, it's not bad." Xia Tian nodded with a smile when he heard this.

"In addition to the third original song competition, our ATV has recently collaborated with Guangdong East TV to film "The Great Hero Huang Feihong"." Zhou Liang Shuyi said again.
Chapter completed!
Prev Index    Favorite Next