Chapter 383 Changchun Storage comes out, Qiandu takes advantage of it, and Tengda is embarrassed!
A week passed in the blink of an eye.
Time has quietly entered April. For Germination Group, the biggest change is that Lu Kai succeeds Lu Qi and once again serves as the rotating president.
Generally speaking, Lu Qi's performance was slightly mediocre during the six months he served as rotating president.
He is less like a group president and more like a fire captain.
It's not that Lu Qi is incompetent. Firstly, he is indeed new here, and secondly, in the past six months, Germination Group's business focus has been on manufacturing and investment.
On the contrary, there are not many big moves in the Internet business, and there is not much room for Lu Qi to play.
But it's not like nothing was done.
The biggest contribution is the establishment of a search laboratory under the Fertile Soil Research Institute, which has improved the budding search technology by two or three levels in one go.
Related search technologies are also used in major apps such as Weixin, Tiantian Toutiao, Pangda Live, Feixun, Maili Mall, Qingcheng App, Pinxixi, Xiami Music and other companies owned by Sprout.
It has become one of the underlying core technical supports supporting the budding Internet business.
………
Tuesday, April 2nd.
As usual, Zhang Shuo approved the new month's funding application, because entering the second quarter, the single-month funding was extra, reaching a new high.
Allocate 800 million R&D funding to the Fertile Soil Research Institute;
Allocate 1.5 billion operating funds to Mango Auto, including 800 million R&D funds;
Allocate 4 billion operating funds to Daosui Group, including 600 million R&D funds;
Allocate 2.5 billion operating funds to Pinxixi Group, mainly for business development and logistics park construction;
Allocate 400 million operating funds to the headquarters of Sprout Group;
Allocate 300 million construction funds to Germinal Real Estate.
All added up, the allocation is 9.5 billion, which is barely acceptable.
Among them, the operating funds allocated to Daosui Group are mainly used for the construction of Weijing Semiconductor and the preparation of the 40-nanometer wafer foundry, and additional allocations will continue to be made in the future.
The funds allocated to Mango Auto will not only support daily expenses, but also support the construction of the second phase of the Gigafactory.
In addition to fixed allocations.
Sprout also allocated 13 billion to Daosui Group last month for the acquisition of Yueli Storage.
In terms of profit.
Last month, Jade Bird Interactive Entertainment turned over a profit of 5.5 billion, Maili Group turned over a profit of 5.2 billion, Qinghe Technology turned over a profit of 10.1 billion, Sprout Financial Holdings turned over a profit of 300 million, and Jiaoyang Holdings turned over a profit of 1.5 billion.
The total profit turned in was 22.6 billion.
Among the profits handed over by Jade Bird Interactive Entertainment, includes US$300 million in overseas agency fees for "PlayerUnknown's Battlegrounds".
The profits handed over by Qinghe Technology include the 10 billion service fees transferred from Ahri.
The profits handed over by Jiaoyang Holdings mainly come from stock market gains.
Due to Maili Group’s recent investment in new businesses such as tablets, and the continued decline in sales of Maili X1, the profits it turned over also shrank, leaving only 5.2 billion. It was once again surpassed by Jade Bird Interactive Entertainment.
After breaking even, Sprout still achieved a net profit of 100 million last month.
It's also awesome.
But this includes 10 billion in unconventional income, so it is actually still a "loss".
In the latter few cases, the profits handed over by Maili Group will show a decreasing trend month by month, while the profits of Jade Bird Interactive Entertainment will continue to rise, but the growth rate is also quite limited.
Generally speaking, the monthly income is maintained at the level of tens of billions.
In terms of expenditures, once the cooperation with Jiangxia on the establishment of Changchang Storage is established, the funds in the sprout account will be drained immediately.
Therefore, overall, the budding capital chain is still walking a tightrope.
This is really an unsolvable problem.
No matter whether Bu Ya makes one billion or tens of billions a month, as long as it is still in the expansion period, the funds will never be enough, and there will never be a time when it is said to be "very surplus."
The good news is.
After the allocation, the experience value soared to 25 million points, reaching half of what was needed to upgrade.
Finally there is something to look forward to!
………
As soon as Zhang Shuo signed the funding application form, Lu Kai and Gu Mingzhang came hand in hand.
It's like waiting outside all the time.
"Chairman, the Investment and M&A Department has completed due diligence on Durban Logistics, and the initial valuation is 3.5 billion." After sitting down, Lu Kai took the lead in reporting.
"Then launch the acquisition."
Although the funds in Suiya's account are limited, Zhang Shuo is not stingy at all when it comes to spending money.
There is nothing to hesitate about.
"good."
Lu Kai responded with a smile, "One more thing. Tenda sent a notice saying that it plans to withdraw from Weizhong Bank and transfer its equity in Weizhong Bank."
In accordance with the rules and regulations formulated when Weizhong Bank was established.
If either party of Sprout or Tenda wants to withdraw, the other party has the right of first refusal.
That's why Tenda specifically told Meiya that if Meiya didn't buy it, Tenda could sell this part of the shares to any investment institution.
"Take it!"
The shares of Weizhong Bank held by Tengda are worth only over one billion. There is no reason not to buy them. It is a good opportunity to gain absolute control of Weizhong Bank.
"Have you ever heard of why Tenda wants to quit?"
What Zhang Shuo is more curious about is this.
"The reason given on the surface is to cut off non-core businesses and supplement cash flow. But as far as I know, Tenda has already registered a separate Internet finance company in Shancheng."
Lu Kai was indeed very competent and thoroughly investigated Tengda.
Due to the decline in stock prices, Tenda's cash flow has indeed been affected in order to repurchase shares from the stock market, but it does not mean that it has to sell its shares in Weizhong Bank.
The core reason is that I still want to start a new business and don't want to be bound by Weizhong Bank.
"Mountain city?"
Zhang Shuo's eyes narrowed slightly, remembering a certain black ant.
Look at this posture.
Tenda is going to follow Ali’s lead and flex its muscles in the field of Internet finance.
snort!
It is really your own fault and you will not survive.
"If Tengda wants to do something, let it be done well. Sprout Financial Holdings should still operate in accordance with the established strategy, and should not do anything out of line for the sake of short-term gains."
This chapter is not over yet, please click on the next page to continue reading! Zhang Shuo had to click on Lu Kai again.
"Chairman, don't worry, I won't dare to disobey your instructions." Lu Kai joked with a smile.
In fact, if you stay in Moya for a long time, you will unknowingly be influenced by Zhang Shuo in terms of values, and the senior managers of Moya will be more or less tainted with a bit of "idealism".
With higher pursuits, how can we fall into the trap of being like a fly and a dog?
The spirit is very different.
This is the subtle influence that the founder has on the corporate culture.
"Um."
Zhang Shuo nodded slightly, then looked at Gu Mingzhang and asked with a smile: "How was the conversation with Jiang Xia?"
"I was about to report to you."
Gu Mingzhang also carried a notebook with him to record and reported: "Jiangxia's attitude is very positive, even urgent, so the entire negotiation process went very smoothly."
It is understandable that Jiangxia is urgent for such a large project.
What's more, there are lessons learned from the past.
"Now that we have talked about it, in accordance with your previous instructions, Chairman, the general framework is that Daosui Group will use its 20 billion capital from the shares of Jili Storage, and Jiangxia City Investment will use Jiangxia Xinxin's 5 billion capital to jointly initiate the establishment of Chang
"Zhang Chuchu. Daosui Group holds 65% of the shares and Jiangxia Cheng Investment holds 35%."
"The newly born Changchang Storage has a registered capital of 25 billion. It has a wholly-owned subsidiary, Jiangxia Xinxin, and it also holds shares in Jili Storage, making it a super giant in the storage field."
Although Daosui Group only holds 42% of the shares of Jili Storage, it is worth 13 billion.
Basically the same as Jiangxia Xinxin.
Therefore, in this transaction, Daosui Group did not gain any obvious advantage, and it was a normal cooperation between the two parties.
It is also because Zhang Shuo has given instructions that there is no need to bargain too much on the scale of investment.
After all, it is a long-term cooperation.
If Jiang Xia wants something right now, he will act like he is "taking advantage".
It may not be a good thing.
Zhang Shuo has long since ceased to work under Wu Xia Amon, and he knows very well that if Changchang Storage wants to become bigger and stronger, in addition to its own efforts, it will definitely not be able to do without the full support of Jiangxia and even Jingchu Province in the future.
There is no need to compare every penny.
Sure enough, Gu Mingzhang continued to report, "In addition to finalizing the cooperation framework, Jiangxia also proposed many preferential policies. For example, it promised that all land purchase funds will be returned in the form of subsidies."
It's called buying land.
After the establishment of Changchang Storage, a storage semiconductor base was built in Jiangxia, including a series of facilities such as R&D buildings, design centers, and wafer foundries.
That means.
The registered capital of 25 billion is actually not forbidden, and it is likely to be spent all in one year.
Further capital increases will be required.
In addition to increasing capital, we will also try our best to obtain some loans from banks, otherwise we will really be unable to bear it. And how can we get a large bank loan without the support of Jiangxia and Jingchu provinces?
Except for bank loans.
Changchun Storage also needs to cooperate closely with many universities in Jiangxia and set up at least two national laboratories, which requires the cooperation of Jiangxia.
"In terms of taxation, Jiangxia has also promised that it will be tax-free for three years, and half of the tax for the fourth and fifth years."
This is another big gift package.
It can be seen that Jiangxia really has high expectations for building a storage semiconductor base and attaches great importance to this strategic cooperation with Daosui Group.
"Jiangxia also took the initiative to propose that Lin Zhengdong serve as chairman of Changchang Storage."
Lin Zhengdong is the president of Daosui Group, and the newly established Changchun Storage is one of the core businesses of Daosui Group. It is only fitting that he also serves as the chairman.
The key is that Lin Zhengdong has this ability.
If Jiangxia does not mention this, then as the controlling shareholder of Changchang Storage, there is a high probability that Lin Zhengdong will be promoted to the position of chairman of the board.
Jiangxia's initiative showed more sincerity in cooperation. In fact, it was a disguised promise to Bu Ya that Jiangxia Urban Investment would not overly interfere in the daily business activities of Changchun Storage.
This is also one of the keys to the success of Changchan Storage.
Of course, as one of the major shareholders of Changchang Storage, Jiangxia Chengtou must arrange management personnel for Changchang Storage, including at least one vice president, and other related personnel such as auditing, finance, and administration.
But overall.
Lin Zhengdong is still the core of decision-making, especially on the business side.
"Can."
Zhang Shuo is generally very satisfied with the results of the negotiations. "We will sign a cooperation agreement according to this framework, and then start detailed negotiations on specific issues. Lin Zhengdong will also participate."
"clear!"
Gu Mingzhang knew that his task basically ended here, and the remaining detailed negotiations would take a long time, and the follow-up would definitely be presided over by Lin Zhengdong.
There is no need for him to show up.
"I only have one request, and that is to be quick!"
"Let Changchang Storage be registered and established as soon as possible, build the headquarters framework from scratch as soon as possible, put it into substantive operations as soon as possible, and launch the storage semiconductor base as soon as possible."
In view of the future situation, it is no exaggeration to say that we are racing against time.
"clear!"
Gu Mingzhang nodded again, knowing that this would be an instruction to Chief Chang Chang.
After sending away Lu Kai, Gu Mingzhang, and Zhang Shuo, they began to worry about money again.
The acquisition of Durban Logistics requires 3.5 billion;
The acquisition of Weizhong Bank shares from Tenda is expected to cost 1.5 billion;
The establishment of Changchang Storage requires 20 billion.
These three businesses alone require up to 25 billion in funds. If these funds were not allocated within two to three months, I am afraid that Germination would go bankrupt again.
Cash flow was drained again.
The only good news may be that after these three investments are completed, there should be no major investment moves in a short period of time, so you can take a breath of relief.
"I think should not be?"
Zhang Shuo shook his head and shook away the inappropriate thoughts.
………
Tenda Building.
Just when Zhang Shuo was worried about his capital chain, Erye was also worried about money.
Although the starting point is different.
It turns out that Qiandu, one of the major shareholders of Nomi Dianping, suddenly proposed a capital increase plan of up to 5 billion yesterday to support the expansion of Nomi Dianping in the local life service track.
The reason is also very good.
First, the food delivery, hotel, tourism and other businesses currently covered by Nomi Dianping are very expensive to operate. The annual operating costs alone are as high as billions.
Secondly, Nomi Dianping also needs to develop new businesses, such as shared bicycles.
Of course this also requires money.
Based on this calculation, a capital increase of 5 billion is really not that much.
It may not be able to last for a year.
"Qiandu is obviously taking advantage of the situation. It's really abominable!" Lu Jian was very unhappy.
Tenda's capital chain has been very tight recently. Where can there be excess funds to be injected into Nomidianping? And if the capital increase proposal is rejected, then Tenda will need to make concessions according to the previous agreement between the two parties.
That is to transfer part of the shares of Nomi Dianping to Qiandu.
Before the merger of the two companies, because the valuation of Dacong Dianping was higher than that of Nomi, Tenda held 58% of the shares in Nomi Dianping, while Qiandu only held 42% of the shares.
obviously.
Qiandu is not reconciled to this and wants to get close to regaining control of Nomi Dianping.
"So, we can't let Qiandu succeed."
The second master was obviously a little unhappy. He had never thought that one day Tengda would be forced into such an embarrassing situation by its partners due to lack of money.
This has never happened since Tenda went public.
It’s really sad!
"But the funds we have now..."
Lu Jian, who was very angry just now, showed his weakness again when he got down to business.
Tenda's capital chain is already in jeopardy.
It is a fact that I chose to sell the shares of Weizhong Bank because I wanted to start a new business. It is also a fact that I wanted to take the opportunity to obtain a sum of cash to supplement the cash flow that was about to dry up.
Logically speaking, with Tengda's background, he shouldn't have fallen to this stage.
But everything has a cause and effect.
The bitter fruit of Tenda today can be traced back to the massive investment and acquisitions made in the past year or two, including the acquisition of music websites, online literature websites, game companies, Dacong Dianping, live broadcast platforms, etc.
In order to complete the acquisition, financing and borrowing itself were carried out.
Even if it is cutting off non-core businesses, such as e-commerce, the essence is to continue to invest more, rather than selling everything like Germination.
Coupled with the recent internal layoffs, it will certainly save money in the long run, but in the short term, a large amount of money will be needed to compensate the laid off employees.
And they have to buy it back in the stock market.
The accumulation of various factors has resulted in Tengda's current predicament.
"Go to a financial institution to borrow money."
The second master rubbed his forehead, feeling a little headache.
Based on Tengda's current performance in the stock market, it is definitely not suitable for financing in the stock market. A loan from a bank may be feasible, but obviously don't have too high expectations.
The most reliable ones are financial institutions, although financing costs are very high.