433. Chapter 433 There is no way to borrow money 1
"After calculation, how much capital is expected to be needed to acquire Hong Xi, POJ, and Blue Fruit?" Director Hua Shirt asked.
Obviously, this is the issue that representatives from all parties are concerned about. Whether the proposal is good or not depends on how feasible it is, otherwise it will be just talk on paper!
"Based on the current market value of the three companies, combined with factors such as premiums, the Strategic Investment Department estimates that to complete this acquisition, funds of around 9 billion to 15 billion will be needed."
Liao Tingting reported the results of the analysis by the Strategic Investment Department, and then explained patiently: "The reason why there are such big fluctuations is that the Investment Department has considered those three companies and may take advantage of this opportunity.
, the lion opened his mouth and asked for prices all over the sky, I thought the price was very high!"
"If we acquire them at the highest price, there will basically be very little value that these three companies can bring to the group in the next five years. It is a very mediocre acquisition method." Zhang Fang frowned.
They are representatives of investment banks, and they like to do this kind of expected analysis on weekdays. In fact, YP Capital has already studied this possibility, and it is naturally catchy.
"That's right! If we buy at the highest price, we will be very passive, which means that under the situation that can be estimated, the best way for us to integrate the three brands in the next five years will be with this capital.
Investment, it’s a tie!” a director added.
"Isn't this great?" Yang Di exclaimed in a naive tone: "The capital is guaranteed, and then the three companies will also be ours. Doesn't it mean we have made another profit?"
Everyone was stunned and felt like they were no longer on the same planet.
Liao Tingting stared, what kind of logic does this guy have? Does he dare to be more naive? Who told him that the so-called capital preservation is to use those three companies to bring in 15 billion in income. How can there be such a good thing in the world?
If that were the case, why would we still hold a meeting? The group would be willing to swallow this mouthful of fat even if it was selling iron.
"Ahem... Director Yang, what we call a tie means that by then, the value created by the three major brands, plus the residual value, will almost equal the current payment. It is not that we have made back the money and got that
Regarding the business of the three parties, of course, all these are just theoretical calculations, and there may be huge variables." Zhang Fangmohan explained to him.
"Damn! That Chi Guoguo's loss-making business!" Yang Di suddenly didn't know what it meant to be calm and exclaimed again.
It will take five years to develop this acquisition to a point where it is worth the return. This is definitely not worth it!
His idea is simple.
"It can't be killed at once. This kind of business operation itself has the element of gambling and there are many variables." Zhang Fang said with a smile: "Moreover, if five years later, on the basis of capital preservation, sustainability can emerge.
The situation of increasing profits is also meaningful in the long run. It depends on whether this meaning is worth our big gamble!"
"I am opposed to the result of a top-price acquisition." Someone said bluntly.
"Around 9-10.5 billion is acceptable. If it is any higher, it will be very passive. Once the mobile phone market changes in the future, the structure may collapse instantly!" Director Hua Shirt said.
Yang Di secretly rejoiced. It was obvious that most of the dozen or so directors were very cautious and even a little conservative about this proposal.
Even though it was a plan handed over by Zhuge Yu, the founder of the group's highly profitable EX mobile phone business, these people didn't give it much face because it involved too much.
This made Yang Di believe what the crazy girl's mother said more and more. In the face of profit decisions, Zhuge Yu's past achievements may not give him many points. No matter how awesome a professional manager is, he is still just a pawn in front of shareholders!
But soon, someone also offered circumstantial support: "Of course, if the purchase price is a compromise between the current predicament and future prospects, it is not impossible to consider."
"Yeah." Everyone nodded.
In fact, everyone understands in their hearts that the old chairman Shang Pengjun is in favor of this acquisition proposal. The old man has always supported President Zhuge, and the latter's proposal also has many merits.
"I understand your position. The acquisition quotation is indeed subject to discussion, and we cannot blindly adapt to the current situation." The old man Shang Pengjun's expression softened slightly, and at the same time, he also pretended to have something to discuss.
Although he supports President Zhuge's proposal, in the final analysis, it still needs the support of everyone.
Liao Tingting secretly nodded. The old man dared to speak out, so naturally he had some confidence. On the surface, everyone was noisy now, but in fact, according to Liao Tingting's experience, this was just a habitual atmosphere within the board of directors.
Once large amounts of funds and important projects are involved, usually directors from all parties will first lay out various problems and pessimistic arguments.
That was not intended to make things difficult, but from the perspective of company operations, it was also a good thing.
Liao Tingting knew in her heart that this proposal was currently being debated fiercely, but if the key issues were resolved, Zhuge Yu's idea would still have a high chance of being realized.
But when she thought of that key issue, Liao Tingting's face became slightly unnatural. She glanced at someone inadvertently, feeling very uneasy.
"Chairman, on the issue of quotation and subsequent integration and development, I believe that the strategic investment department will come up with a more specific report. But at the moment, the real problem is the group's cash flow. It is impossible to allocate so much funds.
Let's make an acquisition." A director then reciprocated the favor and said seriously, which invisibly helped the old man get through that link temporarily.
As soon as these words came out, the conference room suddenly became quiet.
Because here comes the real problem. The market price of Tianyun Group is of course much higher than that, but the market value and the funds available for operation have always been two different things.
In addition, the group has repeatedly hit hard recently, and there is not much cash space left for operations.
After reading the financial reports every day, everyone knows very well that the money the group can now spend to support the acquisition is still far from the base price given by the Strategic Investment Department.
At this time, two key words emerged in the minds of the directors.
Financing!
Or a loan!
That's right, the group has no money and has no other way to achieve that step except financing and loans.
But this matter obviously cannot be delayed for too long, otherwise the effect of the strategy of "surrounding Wei and rescuing Zhao" will be greatly reduced.
EX's mobile phone business has suffered a serious decline for another year and a half. By then, if we acquire three brands, the losses in the process will be wasted.
Thinking of that, all the directors looked at someone invariably.
"Director Yang, I wonder what Zhao's consortium has to say about the difficulties the group has encountered this time?" The old chairman forced out a smile and looked at someone and said.
All the directors around him were also paying attention.
Yang Di despised it. Now that he is short of money, he finally thought of us! Damn! In this world, having money really means having status, and people will praise you all the time.