Chapter 307 Stubbornness
With longing and expectation, Rebecca boarded an international flight to San Francisco.
Because the return ticket was bought by Xie Yunpeng, Rebecca, who had been in business class for the first time in his life, was very novel about everything here.
But afterwards, what surged into her heart was uneasy and a slight discomfort, which made her feel a little inferior.
It was not until the smiling stewardess came over to remind her that she needed to wear a seat belt and that the plane was about to take off that Rebecca finally calmed down.
The Pearl Tower you can see through the side window. She went up with Xie Yunpeng in the morning, which reminded her that the Pearl Tower is more than 20 meters taller than the New York State Building. It is the tallest tower in Asia. In Asia, its reputation is no less than that of the New York State Building.
But what does a simple height count?
Among the office buildings in New York State Building, many of them are old-fashioned large companies that have been established for decades. The ones have surprising development potential and in the business center, there are luxury goods that they like but cannot afford.
Thinking of Rebecca, who lowered her head, took out the jade pendant hidden in her collar, and carefully observed her face to face the light, her mood improved a little.
The jade that Orientals like does have fascinating magic.
What's more, this small jade pendant is worth more than 4,000 US dollars. This trip to the east can be regarded as a return home with a full load.
Drinking the red wine provided in the business class, Rebecca fell asleep not long after. In the dream, she finally defeated Tang Yan, who was regarded as a future star trader by the company, defeated the company's rigid Ms. Xi, and became a rich man worth billions, living a life of free food and clothing and luxury.
The [FL North American Venture Capital Company] that loomed in Rebecca's dream is actually growing rapidly.
The success of investing in Yahoo has made many venture capital companies envious and jealous, and many entrepreneurs regard it as a generous and generous venture capital company.
Moreover, because the process of reviewing projects is simple and fast, the group of beautiful work students who remained in the company, except for a few girls such as Tang Yan, who are interested in developing in financial transactions, have become reviewers of entrepreneurial projects.
Because the company's boss' preference seems to be an Internet company, more than 90% of the entrepreneurial projects that can be submitted to Xi Meiwen are related to the Internet.
When Rebecca was sleeping soundly on an international flight back to China and Xi Meiwen was lying on the big bed of a hotel in Los Angeles and was unable to fall asleep, David, who had bet with Fu Zhengyi, was with his asset manager, tasting red wine, smoking cigars, and talking about the fund lending agreement in his study in his mansion on Marbury Beach.
"David, although Yahu Company is an Internet company generally favored by the market, and the company has found a profit point, it can be its second largest shareholder and holds 30.6% of the shares. The restricted period of its stock is as long as six months. If there is a problem with the stock price within these six months, then the loan of this fund should not be said to want to get high interest rates, even the principal may be at risk!"
The asset manager's reminder made David a little helpless. "The problem is that this bet has been reached. I can't deliberately set up particularly excessive demands to hinder the signing and execution of the agreement. It is related to reputation and contract spirit. So I need you to provide better advice instead of criticizing my rashness here..."
"Well, then we can only agree on the additional terms. If the value of the collateral is severely deviated during the fund lending period, we need the other party to provide more collateral, otherwise we have the right to pass on the risk!"
As a tycoon in the entertainment industry, David can quickly figure out the turbulence in the entertainment industry, but he didn't know much about financial products, so he had to ask. "Transfer? How to transfer?"
"That is, when the borrower's collateral value is lower than a certain threshold and cannot continue to provide effective collateral, we can continue to mortgage the other party's collateral to pass on the risk borne by the single person, and the related expenses incurred need to be borne by the other party's company. This is a solution to share risks!"
David, who still didn't understand, asked his asset manager to introduce this method carefully, and then he understood what 'risk transfer' was. So he thought for a moment and shook his head. "It's not appropriate. The interest given by the other party is very high, and as far as I know, his personal assets are not what I see. It would be too rude to force them too much..."
Understand that David is unwilling to adapt because of his potential stubbornness in the spirit of contract, the asset manager has a headache. "David, David, if you still insist, then the 'risk transfer' clause is used as a test! If the other party does not mind the addition of this clause, then implement it in my way; if the other party firmly opposes, then we will consider doing it according to your original intention, how about it?"
David, who had a bitter face, hesitated for a moment before nodding reluctantly.
In his opinion, since the bet has been reached, it is unfair to set up obstacles artificially through additional terms afterwards.
The next morning, in David's asset management office, Xi Meiwen, who saw this additional clause, consulted a lawyer and immediately called Fu Zhengyi.
"It doesn't matter. Such terms are not excessive. As long as the lawyer confirms that the content of the agreement is not a problem, then improve the content and procedures of the agreement as soon as possible. Don't affect the time of payment due to this matter!"
Xi Meiwen, who hung up the phone, returned to the office and waited for the lawyer to review the other terms, then said to David's asset manager. "Okay. We can accept such additional terms. Do you see when can you start processing the relevant procedures?"
When Xi Meiwen went out to make a phone call, the asset manager who lowered his head to calculate the time he went out was very surprised.
Because Xi Meiwen turned around in less than five minutes, she obviously went out to report to the upper hand. Since this additional clause was confirmed to be accepted deliberately, it was obvious that either the borrower was confident that he would not default, or the other party's demand for funds had reached a point where he could not continue to delay!
Therefore, the asset manager hesitated and said. "The agreement can be signed now, but the time for its effectiveness needs to be waited until the official transaction of Yahu Company's shares. April 12th is Friday, so the funds need to be remitted on the fifteenth!"
Xi Meiwen, who had asked Fu Zhengyi before, shook her head. "That would delay the last three days. We hope to get the promissory note for the loan after the closing of the Nasdaq. If calculated based on time, the agreement that day should be completed..."
He signaled Xi Meiwen to wait, and the asset manager left the office and called David. After clearly expressing his previous guesses, he then expressed Xi Meiwen's request.
"Since the other party is eager to need this fund, then I'll issue a promissory note in advance on Friday..."
"David! The specific amount is not easy to determine! The current estimated transaction price of investment banks is between 30 and 40, while fund companies generally believe that Yahu Company's stock can reach 50 or even 60. According to a mortgage rate of 70%, the difference between the two is hundreds of millions, and it will take time for me to raise this fund!"
When I press David on the calculator, I was a little overwhelmed after the calculation.
Every ten dollars increase in Yahu's stock, it means that the funds borrowed will be increased by 57 million!
If the closing price on the first day is doubled, the loaned funds will be nearly 300 million yuan.
Thinking of Fu Zhengyi's expression of being very confident about the bet last night, David was not sure. He thought about it and explained. "This way, you prepare a bank note of 200 million yuan first. After the market close that day, if you still need to raise funds, you can cash in on some securities assets. No matter what, you need to strictly follow the agreement. No matter what, you cannot break the trust!"
The asset manager, who was a little too big, hung up the phone and returned to the office. After saying what David promised, he asked. "Ms. Xi, as David's asset manager, I need to be responsible for the safety of his assets. You should understand that many of David's assets are securities assets, so I hope you can reveal how much money I need to raise for this loan?"
Xi Meiwen, who was stunned for a moment, thought for a while before she was embarrassed. "I'm very sorry, I really don't know much about this, but the current funds the company needs to raise are about 300 million to 400 million..."
"If it costs 400 million, the stock of Yahu Company will need to rise to nearly 70 US dollars. It seems that the funding gap in your company is not all placed on these stocks..."
The asset manager who pressed the calculator to quickly calculate the calculations was shocked when he said this, so he quickly apologized. "Oh, I'm sorry! It is my professional instinct to do detailed calculations. What I just said does not mean that I have any ideas about your company. Please don't mind..."
Before the agreement was officially signed, lawyers needed to conduct strict review of the content of the agreement. Xi Meiwen, who stayed in Los Angeles for two days before getting things done, loaded the agreement that needed to wait for 4 pm on the 12th into a briefcase and took a plane back to San Francisco.
The asset manager who was sitting in the office and was still studying the agreement only thought of a problem later and immediately called David.
"There is another serious problem now, that is, if the other party forcibly raises the price of Yahu Company's stock before the closing, it will cause its value to deviate, what should we do?"
Chapter completed!