Chapter 589: Debt-to-Equity Swap

Chapter 589: Debt-to-Equity Swap

Nanyi's work is in place, and Jingjun Construction's work is comfortable, and the progress of the project is naturally faster.

In Yaqing Company's account, money flowed out like running water.

One day in late April, Fan Guangfu came to Nanyi to express his concern about the situation of Yaqing Company.

Nanyi took Fan Guangfu to the Yaqing construction site first, and then to the dormitory construction site near Zhichun Road. The area where Zhichun Road and Wudaokou intersect is quite desolate now, and there are still many open spaces on the side, but if ten A few years later, this is where the Universiade Village is located, surrounded by many colleges and universities, it is definitely a place where every inch of land is expensive.

When talking with Min Jinsheng, Nanyi had already put the right to use the land under the name of Yaqing Company. As for the ownership, there was no doubt that it belonged to the state.

"President Fan, look, the frame of this building has been built, and it is currently undergoing decoration works. People will live in on the 25th of next month. I have already contacted the furniture factory and placed an order. When it is delivered here, the furniture It will be pulled over immediately." Standing outside the dormitory wearing a helmet, Nan Yi pointed at the dormitory building.

With his hands behind his back, Fan Guangfu looked at the dormitory building, and then looked around again, "Can we spare a few rooms? Many employees in our bank are from other places, and it is very difficult to solve housing."

"President Fan, how much do you want? There are too many and I can't even get it out. I can still do it with a dozen or twenty rooms."

Excluding rooms for other purposes in each dormitory building, there are a total of 417 rooms that can be used for living. The two buildings have a total of 834 rooms. When Nanyi made the budget, there was room for it.

There are several units in the entire capital that are not difficult to live in. Nanyi has reserved a part of the rooms here for favors.

"Hehe, if you don't make it difficult, just give me 20 rooms on average. If you don't let you give it for nothing, our bank will give you a monthly rent of 120 yuan for Yaqing Company."

Six yuan per room is the rented house price of the housing management office in Beijing. It is just a good house like a dormitory building, which exists objectively but has nothing to do with most ordinary people.

"No problem, how about the second floor?"

"The second floor is pretty good." Fan Guangfu nodded and said.

"Another day I plan to find a calligrapher to write names for the three buildings. I plan to call the first building a low-rent building, the other a public rental building, and the one in Haidian District an affordable building." Nan Yi pointed in one direction and said, "Over there, a shed for motorcycles and bicycles will be built, and there will be a motorcycle repair shop next to the shed."

"Motorcycles? Not many people own them now. Is it necessary to plan a motorcycle parking shed?" Fan Guangfu asked in surprise.

"President Fan, the wages of those who can live here will not be too low. Gritting your teeth, you can still afford a motorcycle worth two to three thousand dollars. You must reserve it now."

"That's right, as far as your Yaqing company's employees' wages are concerned, you can buy them after saving for a year." Fan Guangfu took off his helmet, stroked his thinning hair, and said, "I also visited the construction site, let's find a place to sit .”

It is easier to find cafes and music tea bars in Beijing today than to find teahouses. Nanyi and Fan Guangfu found a nearby cafe to sit down.

"The reason why I came to you today is because most of the money in your Yaqing company's account has been spent."

"President Fan, do you want to send someone to follow me every day? I have a passport in my hand. Whenever I don't pay attention, I will go abroad." Nanyi laughed.

Fan Guangfu said happily: "Run, I wish you would run away. If you run away today, I will have someone come over to take over Yaqing Company tomorrow, and I will ask your grandma for the bill."

"Hahaha, President Fan is confident."

"There is no guarantee, how dare I lend you such a large sum of money. In fact, our bank is very optimistic about the Yaqing project, and someone in the bank proposed to convert part of your loan into shares."

"Debt-to-equity swap?"

"Yes." Fan Guangfu nodded.

"The feasibility is not high. Some time ago, Genzheng Miaohong Company sent a notice to your bank. Have you read it, President Fan?"

"Increase the notification of shareholders and shareholding changes?"

Nan Yi nodded, "Yes, we have added a new shareholder to Genzheng Miaohong. You should know the name, but you may not know that our company transferred the shares to her according to the estimated value."

"How many?"

"45% of the shares, 38.7 million US dollars, not only money, but also other conditions."

Fan Guangfu took a long breath and said, "So Genzheng Miaohong's valuation has reached 86 million US dollars?"

"Yes." Nanyi nodded, "No matter what the official exchange rate is, if your bank wants to carry out a debt-to-equity swap, and convert a loan of 80 million yuan into US dollars, we will only recognize the figure of 8 million.

Moreover, we will not agree with your bank to turn all loans into shares. As a manager, I can accept the transfer of 5% of Genzhengmiaohong shares at most, and the number acceptable to shareholders should be even smaller. "

"There are too few shares and the conditions are too harsh. It is impossible for our bank to agree to the exchange rate you mentioned. We only accept the official exchange rate."

"So it is impossible for us to reach an agreement. In fact, we have no plans to absorb other shareholders. Recently, we are discussing the issue of capital injection within the company. We will have a new plan soon."

"Can't you fight for it from the shareholders?" Fan Guangfu said unwillingly.

"President Fan, Genzheng Miaohong is not Yaqing Company. The initiative is in the hands of four shareholders. For a financing plan, for example, to raise 100 million US dollars, will your bank follow or not?

If you follow, pay, or if you don’t follow, the shares will be diluted. The financing can be done once, or several times. After several financings, the shares of your bank will be diluted to only a little bit, and you have no right to speak in the company.

After that, whether your bank will be a Taiping shareholder or be taken advantage of depends on the mood of the shareholders.

In foreign countries, there are many ways to play capital. As long as the capital is strong, there are some reasonable and legal means to swallow up the shares of your bank.

As long as Genzhengmiaohong makes one or two failed investments, it can become insolvent in an instant. At that time, a shareholder proposes to sell Genzhengmiaohong together with the debt for US$1. Does your bank agree or disagree? "

"Just to frame our bank, other shareholders will lose money with us?" Fan Guangfu said in disbelief.

Nan Yi stretched out his left hand, the other fingers were bent, only the little finger was raised, and he said with a smile: "As I said before, the shareholders have strong capital and naturally many industries. In their eyes, Genzhengmiaohong is the little finger. Cut it off. Nutrients can be sent to the other four fingers. It seems that they are losing money, but the meat has always been in their pot and never left.

How to do business, still how to do it, just a little bit of manipulation, eat up the shares of your bank, why not do it? "

"This...Xiao Nan, are you not exaggerating the facts?"

"No, in order to make you sound less harsh, President Fan, I have instead beautified it."

Nanyi didn't want to engage in any debt-to-equity swap at all, so he said an "objective fact" that seemed reasonable but was unlikely to actually happen.

What kind of enmity and grievance must be required to make the major shareholders spend so much trouble in order to get a small shareholder.

Honey, that's not business, that's revenge.

Fan Guangfu hesitated for a long time before saying, "Okay, I'll think about this matter later."

"From my personal standpoint, I don't really recommend that your bank carry out debt-to-equity swaps."

In the end, Nan Yi said this, as a summary, ending his discussion with Fan Guangfu.

...

One day, Nan Yi was exercising in the park in the morning, and suddenly realized the profound meaning of the Murong family's unique knowledge. With one move, the calendar rattled, and the pages scrambled to turn forward until the page of May 23, shaking several times stubbornly. After the second time, he did not follow the trend, but stood there strong.

"Hello, Yaqing Company, Nanyi."

"I, Chen Feng, find a place to sit at night."

"Didn't you go to Hong Kong?"

"It's been two days since I came back. It's inconvenient to talk on the phone. Let's talk about it in the evening."

"For the decision just announced today?"

"Let's talk about it tonight."

"Go to my place."

"OK."

After hanging up the phone, Nanyi went to the low-rent building, took a small hammer, tapped the hammer here and there, and studied the circuit in the corridor to find out which line the electricity for the lights came from.

The common share of electricity bills for corridor lighting is a place where quarrels are likely to occur. It is necessary to clarify how to charge electricity bills to be reasonable.

The Yaqing Company has already built the house, and the company cannot bear the water and electricity bills. For most people, having to pay and not having to use it are completely different things. If Yaqing Company bears the utility bills, there are people in the building who dare not turn off the lights all year round, and turning off the faucet would be bothersome.

Within two years, the water and electricity bills used can build a new dormitory building.

After soaking in the low-rent building for a day, I didn't find any obvious flaws or omissions, so Nanyi can wait for people to live in with confidence.

There is no need to care about formaldehyde or not. The furniture in the room is fixed with mortise and bamboo nails. No wood glue or foreign nails [iron nails] are used, and there is no paint, just pure green; doors and windows It is painted, but it has passed through the wind in the furniture factory.

In addition, there are not many materials that can emit formaldehyde in the room, and the dose of formaldehyde is very small, at least much less than the rooms that have undergone various formaldehyde removal operations in later generations.

When Nan Yi returned to the old house, Chen Feng was already there, teasing Nan Wuwei beside the crib.

"Smells like cigarettes, stay away from my son."

"I said Nanyi, let your son recognize me as godfather."

"Forget it as a godfather, do you want to be a godfather?"

"It's also... Fuck, take advantage of me." Chen Feng came to his senses and spat.

"Come and sit down, have something to drink, yellow red beer white, I have it here." Nanyi sat at the dinner table and said.

"Isn't there tiger blood wine, let's drink that."

"No, I've already finished drinking my own. Don't worry about the rest of the altar. It's left in my place. You can pick whatever you want."

"Tianlong."

"become."

Nanyi stood up and took out a glass jar from the space under the stairs. Through the outer wall, you could see several big centipedes soaked in the jar.

"Why is this centipede so big?" Chen Feng exclaimed when he saw the glass jar in Nanyi's hand.

"Red giant dragon, the largest centipede in our country, it's not very poisonous, so it's good enough to drink. Next time, I'll give you a whole bottle of Hedinghongbubble wine, so that you can enjoy it."

"Can you drink?" Chen Feng asked.

"I don't know, maybe I won't die."

"Beating sex."

Then, Liu Zhen brought the dishes to the table, and Nan Yi and the two chatted while drinking.

"Did you see the decision just made today?" Chen Feng said after taking a sip of wine.

"I see, it's none of my business. Liu Zhen happens to be stuck at the county regiment level, which doesn't belong to the above. In addition, I happen to work in a joint venture, which is an exception in the decision."

Chen Feng said dejectedly: "It's none of my business. Tongzi International is a foreign-funded enterprise. My old man wants me to withdraw my shares. Alas, business is booming."

"Just return it, I will tell Ruopin to ask her to return the business in hand, and then close the company's account. You go to the Universe Bank to open an account. After the liquidation is over, put your money into your account. .”

"Okay." Chen Feng nodded and said, "Think about it for me, how should I spend so much money?"

"Don't ask me, go back and ask your old man."

"My old man asked me to ask your opinion."

"Huh?" Nanyi was stunned for a moment, and then returned to normal, "Leave a little money for squandering, and buy the rest of the national debt."

Chen Feng gave a thumbs up and said, "It's the same as what my old man meant, you have nothing to say about your awareness."

"Ah."

Nan Yi smiled faintly, raised his cup and touched Chen Feng.

After the two drank up, they continued the wine.

Chen Feng took a few mouthfuls of food to relieve his alcohol, "I'm going to London next month, I haven't seen that tomboy Xu Li for a long time, I just went to see her."

"You have a lot of foreign trade business in Central China?"

"It's not too much. Who asked me to be responsible for this? You just listen to it." Chen Feng said, and then said abruptly: "Give me the key to your house later."

"Didn't Xu Li tell you that the key is with her."

"I never said that."

"Oh, you can ask her for it."

"Is there someone in London? This time I will discuss business in the past. I need someone who is familiar with London to help check."

"It's hard to check, there are people who can be guides. You go to a restaurant called Longmenzhen on Juelu Street, and find a lady named Dai Xiuxiu there. If you need anything, you can ask her for help."

"Your restaurant?"

"Yes."

"You have a global business, you go to London to open a restaurant, you really have it."

"Food is the most important thing for the people. In the next ten years, restaurants will not be difficult."

"Then I might as well open a restaurant."

"You can't do business anymore, are you still thinking about opening a restaurant?"

"I mean abroad."

Nan Yi shook his head and said, "You have to keep an eye on yourself when you open a restaurant. It's hard to manage if you're not there, so don't mess around."

"Then how can you do it?"

"I can't do it either, I let other people stare at me."

"Then let's talk about it later. I'll check the market. By the way, I almost forgot." Chen Feng said, walked to the sofa, picked up his bag, took out a can of drink from it, walked back to the dining table, put the drink Put it on the table, "Does that look familiar?"

Nanyi glanced at the beverage can, then held it in his hand and looked at it carefully, "It's a fake, where did you buy it?"

"I bought it in a small shop next to my company. I also asked the boss for you. The sale is very good. It can sell more than a dozen cans a day."

"How much?"

"Three dollars."

Click!

Nanyi pulled the tab down, put his nose close to the jar and smelled it, then poured some drink on the table, and carefully identified the color of the drink.

However, his face became ugly.

This fake is done with care, the printing of the beverage can is not bad, but the craftsmanship is a bit poor, the taste of the drink is not bad, the smell is similar to the real one, and the color is not bad.

Whether it tastes the same or not, there is no need to try it. How many consumers out there have drunk authentic Xiongqi.

Xiongqi has not yet officially started production, and the amount of canned products in PepsiCo is very limited, 95% of which go abroad, and the remaining half is mostly in the hands of athletes.

But with such a small quantity, how could it still flow into the hands of counterfeiters?

Pepsi factory, athletes, and Wenchangwei, there are only three outflow channels. Problems with the first two channels are not a big deal, but if the source is Wenchangwei, it will be a big deal.

"Thanks."

"It's okay, I heard from my old man that fake medicines are rampant on Hu Jian's side now, and the country will focus on cracking down soon."

"It should be cracked down. Clothes and shoes are counterfeit, even drugs are faked. Human lives are at stake. We must crack down severely. After ten years of participation in counterfeiting, all the bosses will be shot." Nanyi said angrily.

There is no need to do any investigation work. After Nanyi thought about it for a while, he guessed that 99% of the counterfeit Xiongqi were from Hu Jian and Wenling. There are only a few can production lines in China. Where and in which company are they? Clearly.

Not everyone knows how to make formulas. It is impossible to make cans from abroad without any cost. It just so happens that Wenling, a city that has already made counterfeit medicines into an industrial chain, has both.

"Wen Ling, Xian Jijie, it's better not you."

Nan Yi was thinking about how to deal with this matter.

"Let's not talk about this matter. The higher-ups have their own considerations. This time, they will definitely not be spared lightly." Seeing that Nan Yi was a little distracted, Chen Feng said.

"Yes, let's not talk about this, let's drink."

Nan Yi put down the matter first, concentrated on drinking with Chen Feng, and chatted casually at the same time.

"Have you ever eaten baked preserved eggs?" Chen Feng asked.

"I haven't tried it, have you tried it?"

"I haven't tried it. I've seen it in photos. A German photographer came to us a few days ago and took a lot of photos of snacks, including baked preserved eggs, fried tofu, black steamed buns, and some that look similar to Pig food is almost vinegar lettuce, except for this, everything else looks delicious."

"I know everything else, but I haven't heard of this baked preserved egg before. Is it baked on the fire?"

"Probably, look at the photo, it looks like."

"Then try it another day. When it comes to exotic food, we actually have quite a few in China. Hu Jian has dried voles; Jinling has live beads, which are chicken embryos; Gui Province has pigs, which are directly dipped in feed."

"Eat raw pork? Is that delicious?"

"The locals think it's delicious. Every place has its own eating habits, so it's called high foam. If you change it to other places, it's not disgusted by others. Isn't it just tea foam, can it be delicious?"

"That's true."

The two chatted one after another, until the wine was almost drunk and the time was up, Chen Feng said goodbye and left.

"What are you going to do about the drink?"

As soon as Chen Feng left, Liu Zhen pointed to the beverage can on the table and asked.

Nan Yi patted the table and said, "Through the investigation, I want to see who is eating inside and outside."