Chapter 1241 Leverage Game (Part 2)
Wang Jiansen once said in public: "I position myself for success, which is to bring my small goals to the world's super companies, or to enter the top ten of the world's top 500 companies. This is my dream! Turn small goals into a A truly internationally renowned brand.”
In 2013, Small Target went overseas and purchased land in Vauxhall, south of London, England, Madrid, Spain, Australia's Gold Coast, and Chicago, the United States. It also acquired real estate projects in Los Angeles, the United States.
From 2013 to 2016, it was the peak period for real estate companies to go overseas. Encouraged by the policies at that time, domestic real estate companies began to expand overseas markets, and the small target was just one of them.
This wave gradually receded last year. As the country's overseas investment policy tightened, debt-ridden companies had to sell off their assets and were forced to withdraw. Companies that rushed out to recreate domestic myths paid a heavy price for being unable to adapt to the environment. There are also many successful implementations. As they continue to make money, they have grown another pair of wings outside of China.
This is Nan Yi's tone in his published articles, and the choice of words must be careful. In fact, some projects are invested hastily because the loan repayment period is approaching, cash flow is exhausted, and withdrawals are hasty. Loss is normal; but some may definitely be strategic losses. Listed companies lose money, and N shareholders The hidden company established abroad has made money, and the primary purpose of asset transfer has been achieved.
This money can sit quietly in foreign accounts, or it can flow back into listed companies along the overseas financing wave of real estate companies, go around in a circle, and return to the country with profits.
This kind of routine is familiar to Nan Yi. He has been playing this way since the 1980s, but his method of playing is relatively low-level. He only plays with his own money. What he wants is nothing more than a channel for smooth entry and exit of funds, and by the way, he can realize a pseudo-joint venture. The operation of the company never thought that it could deceive a wave of stock investors.
Therefore, there is only Nanyi in the era, and there is no era in Nanyi. He just caught up with the good times, otherwise he can only be a poor man with an asset of 3 billion.
Just like during the peak period of overseas expansion, Nan's domestic enterprises did not intend to take advantage of this wave to achieve international operations, but were short-sighted and only focused on domestic guarantees and overseas loans for arbitrage.
At that time, after precise calculations, if we participated in investment through domestic guarantees and overseas loans, the real financing cost overseas was the interest rate difference between domestic and foreign countries. Taking into account the depreciation of the RMB, the overseas investment and financing of enterprises was actually at negative interest rates.
To put it simply, not only does the loan not require interest, but it actually earns a sum of interest. Although the amount is not large, it is obtained for free. With the loan, you can reinvest in low-risk projects or acquire assets that are expected to appreciate in the future, or buy bonds. In a few years, you can harvest a profit of 20% to 30% of the loan amount with nothing.
Moreover, this is a win-win game. As long as the investment makes a profit, there is no question of who is being cheated. There is no one who suffers. Even if the investment fails, as long as the loan is paid off with interest, the only one who suffers is yourself.
This game is not very fun, and the prizes are too few. In a few years, Nanshi has only gained less than six "poor guys".
No matter what the deep-seated purpose is, the small goal is not like Nan's. Wang Jiansen is making overseas investments for real. However, the business model of real estate companies is very localized and has little connection with the international world. It is unfavorable in the country. The three-step ax does not work at all abroad. The simplest point is that foreign unscrupulous people are very difficult to deal with. They are really capable of ruining projects.
Little Target used the inertial thinking of being invincible at home to discover foreign projects. Looking around, there was gold everywhere. This building was acquired, the main facade was demolished and rebuilt, and it was transformed into a building with office areas and commercial areas. Luxury hotels are simply a huge profit.
When the little target was complacent about its keen vision and underestimated the world's heroes, it discovered that the main facade of the building could not be moved at all. This was the reason why the local real estate companies had not planned to build the building.
I encountered several similar projects with small goals. After several years of hard work, the funds were tied up overseas. Domestically, we encountered loan expiration and various problems with cash flow. We sold off overseas assets and transferred the money back to the country. Saving the roots has become the only option.
In the past few years, Wang Jiansen was high-spirited in buying and selling, but now he is selling and buying in disgrace. In addition to saving his foundation, he is also following the guidance to increase leverage. For the time being, he looks miserable. It is hard to say whether he will laugh the most in the future. Have the last laugh.
Nan Yi can't laugh anyway. Whether it's Nan's, Snow Mountain Trust or his personal properties, the current housing prices are already about 2.7 times the original selling price on average. Looking at the high housing prices, he only has an old house in his name. The house is not held on behalf of an agent or in the name of a company. He does indeed have one and only one domestic house. If he doesn't cry, he is strong.
"Nanyi, your room is really a shabby place." After Wang Jiansen was invited to sit down, he raised his eyes and looked around the living room, "There are scholars talking and laughing, but no white people coming and going?"
Nan Yi put the poured tea on the coffee table and sat across from him, "There are really no white people here. They are either PhDs or masters, and at worst they are full-time undergraduates. A college student like you who got out of a training class will not be able to work in this place." This can only be regarded as illiteracy.”
When Wang Jiansen heard this, he was totally dissatisfied, "Stop talking nonsense. To be honest, my writing style is extremely good. It's difficult... that is, there aren't many people who can be admired by me for writing articles. The same goes for you. I've read all the articles you wrote and published in newspapers. Your writing style is average, very average. It's not even close to me...a little bit, just a little bit meaningful. When it comes to it, I'm more of a cultural person than you."
"I received my undergraduate degree from Beijing University, my master's degree from Yale, and my Ph.D. from Beijing University. I work as a consultant at the Municipal People's Congress and receive special national allowances every month. The fact that I am a cultural person has been certified by authoritative organizations. What about you?" Nan Yi gestured to Wang Dali who was next to Wang Jiansen, "Your son has already said that my father has no education."
Wang Dali thought to himself, "Fuck you, you two old men can just argue on your own. Why drag me into this?"
To be honest, he was quite disappointed. He had heard about Uncle Nan from his father and mother's conversation very early on, saying that he was an expert and one of the few truly reclusive rich men in the country. He had sketched out the other person's character in his mind. The image should definitely not be what you see now.
"Dali said this out of humility, help me, help me take back what I said."
"Okay, okay, that's what you say. Recently I got a calligraphy painting in Zehang's room, 'Goodbye, little duck, I'm going to school.' It has a right-wing style, strong yet smooth, especially ' The three characters "little duck", between the dots, are full of domineering. Can I please come out and give Brother Wang a taste?"
Wang Jiansen laughed and scolded: "Yes, can you be more serious?"
"Hahaha...Okay, okay, be more serious." Nan Yi laughed and then straightened his face, "You're not just here today to pay me New Year's greetings, right?"
Hearing this, Wang Jiansen's expression became serious, "The remaining cash flow from last year's small goal is more than enough to cover this year's debt repayment, but next year's debt repayment is 47.3 billion yuan. It is difficult to balance such a large amount of cash flow this year. Small goal I still need to sell assets, delete...delete business lines, and at the same time, I also need to find ways to refinance, borrow long or short, and it’s not easy for me to refinance now, so I have to find a way with you."
Nan Yi frowned and said: "If you want twenty or thirty, I can give it to you at any time. Any more will be difficult. I don't have any money lying around. Most of it is assets. Some of it is outside. I will get it back within two or three years." Not coming."
When Wang Dali heard this, he was in awe, "You can spend two to three billion at any time. You are a rich man. You are really a rich man."
"I don't want to borrow money from you personally, I just want to talk about financing options."
There is an essential difference between borrowing money from individuals and financing. The former is about friendship. If you don’t repay the debt when it is due, your friend will have nothing to do. What’s more, Wang Jiansen is embarrassed and dare not not repay the debt. Individuals are compared to individuals. A husband’s debt is repaid by his wife, and a father’s debt is repaid by his son. He knows that Nan Yi is a smiling tiger who always talks nice things. But when the worst comes to worst, he knows how sinister his tactics can be.
The latter is a commercial behavior. The relationship only lasts until both parties can sit down and talk. After that, they only discuss the benefits - how much to borrow, how much interest to pay, how to pay it back, what kind of guarantee to use, whether to sign a gambling agreement, etc., regardless of the terms. , the borrower is always a small target, not him Wang Jiansen. If the money is not paid in the future, it will not have much to do with him personally.
Nan Yi chuckled, "If you want to talk about financing, just give me a call. There's no need to make a special trip." After a brief pause, "In this way, after the Lantern Festival, I'll set up a game and have a small stadium football match. While watching the game, we talked about financing.”