Chapter 529: Germination invests in Beaver? Crazy throw of 300 billion!
Chapter 529: Spreading money every day to invest in Beaver? Crazy throwing of 300 billion!
The investigation of black ants cannot be completed in three or two days.
But Beaver is already taking action.
There are various signs that Beaver is raising funds everywhere, including issuing corporate bonds and borrowing from banks, overseas and partners, in order to preserve the results of its acquisition of Disappointment.
And time has quietly entered October.
………
Tenda Building.
"There is no movement over there at Sprout Ya?" In the office, the second master looked confused.
"No." Lu Jian, who was sitting opposite, also looked melancholy. "Looking at the posture, Qinghe Group seems to have completely given up on the attempt to watch the video. Recently, they have not even contacted us."
The information about Black Ant was only revealed by Tengda.
I originally thought about continuing to cooperate with Qinghe Group and taking the opportunity to win the Sad Video.
No idea.
After the black ant incident, the entire Germination Department avoided it and stopped contacting it at all.
This made Tenda very hurt.
"How about we leave Qinghe Group aside and start the acquisition of Besi Video on our own?" Lu Jian asked for instructions.
"It's better to wait and see first."
The second master is obviously more cautious, and subconsciously wants to be like Mo Ya.
"good."
Lu Jian was also thoughtful.
………
Saturday, October 8th.
After the National Day holiday, Zhang Shuo returned to the company and began to sign and approve funding applications for the new quarter.
This includes a base allocation of 24 billion.
In addition to the routine basic appropriation, there is also a special appropriation of up to 83 billion in the third quarter for Xinghai Group's investment and acquisition of the Danshui River Valley.
In terms of revenue, in the third quarter of 2016, Qinghe Group turned in profits of 103.2 billion, Maili Group turned in profits of 115 billion, and Weizhong Group turned in profits of 12 billion, with a total profit of 230.2 billion.
Due to the release of new products, Maili Group's profits once again broke records, exceeding 100 billion for the first time.
It can surpass Qinghe Group.
Thanks to the continued growth of games, advertising and other businesses, Qinghe Group has easily exceeded 100 billion.
Very scary!
When it comes to making money, Qinghe Group is still ahead of Maili Group.
--slightly--
Level]: Level 12 2.4 billion/300 million
Cash]: 326 billion
Loans]: 24.5 billion bank loans
--slightly--
In the new quarter, Sprout's cash flow increased by more than 120 billion, and its total cash flow exceeded the 300 billion mark, making it the king of cash flow.
"How should we spend such a large amount of funds?" Zhang Shuo was worried.
They say buy, buy, buy.
However, the goal of Germination's overseas mergers and acquisitions is very limited. Just like this investment in Danshui River Valley, it took more than half a year to reach an agreement.
Mergers and acquisitions in China are even less possible.
Firstly, we need to pay attention to the impact; secondly, there are fewer targets with acquisition value.
Can’t the money be spent?
As for investing money in research and development, it is unlikely that money will be thrown away without limit.
Still have to do it step by step.
In fact, the entire Germination System's R&D expenditure in 16 years is expected to have exceeded 100 billion.
How else to spend money?
Of course, if you look at the world, Sprout Holdings' cash reserve of just 300 billion is actually not that much. Giants such as Pingguo and Weiruan have as much as 350 billion in cash and equivalents.
Still a beautiful knife.
Compared with these giants, Germination's cash reserves can only be described as mediocre.
Of course, most of the cash of these overseas giants is used to purchase short-term or long-term securities and other financial products, which can be converted into cash at any time if necessary.
In addition to cash reserves, companies like Pingguo also dispose of book profits by paying annual equity dividends or engaging in infrastructure construction.
The investment in Pingguo's new headquarters alone is expected to exceed US$5 billion.
It is also extremely luxurious.
Of course, Sprout is actually doing similar things, such as the ongoing smart island project.
The total investment is expected to exceed 30 billion.
Especially after adjusting the design plan and planning to build "Xingling" "homes" underground on the smart island, the total investment budget is expected to be another five to six billion.
The total construction investment is actually not under the Pingguo headquarters.
………
After signing the grant application, in order to solve the problem of how to spend the money, Zhang Shuo specially called the group president Lu Kai, investment director Luo Changan, and financial director Cai Feijuan to the office.
"In the long run, it is a safer way to use the cash on the group's books to purchase various marketable bonds. According to different needs, the holding ratio of short-term bonds and long-term bonds can be adjusted."
Financial Director Cai Feijuan was the first to speak.
"There is a problem. In China, long-term bonds with stable investment returns have always been in short supply and may not be able to fully meet the needs of the group." Cai Feijuan added.
The simplest form of national debt is that it is difficult to get a single vote.
Zhang Shuo didn't know it, so he asked with a smile: "Recently, didn't Heli issue 30 billion in corporate bonds? Can you think of a way to subscribe for 10 to 20 billion?"
"Uh, let's go buy corporate bonds issued by Heli?" Cai Feijuan was a little confused.
Not only her, Lu Kai and others were also confused.
This operation is so cool.
"Why, can't it be done?"
Zhang Shuo took it for granted, "Although it was issued by Heli, once it enters the bond market, it is actually a public product, so it doesn't matter, right?"
"OK!
"
What else could Cai Feijuan say? She nodded in agreement.
"Chairman, the group paid dividends last year, will it pay dividends again this year?" Lu Kai proposed a "new" idea of spending money.
"point!"
Zhang Shuo also simply said, "We should allocate 100 billion for equity dividends based on last year's standards."
Today, the ownership structure of Sprout Holdings is no longer as simple as it was in the past. There are more than 40 large and small shareholders alone, and the corresponding company rules and regulations are also becoming increasingly perfect.
There is no reason not to distribute equity dividends.
Moreover, whether it is the Spring Sprout Fund or the Employee Care Fund, it operates based on equity dividends every year, otherwise special allocations from the group are required.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Understood!"
Lu Kai smiled and wrote it down.
"Speaking of equity dividends, I am reminded of the current progress of the youth apartment project led by the Employee Care Fund?" Zhang Shuo asked.
This is the plan he proposed last November.
"Is such that."
Lu Kai was not embarrassed. Although he was not in charge of this area, he understood the basic situation.
"Last November, at your personal proposal, Chairman, an employee care fund was established, and 10 billion funds were allocated to start the youth apartment project."
“The entire project is entrusted to Wangke.”
"So far, four youth apartment projects in Yangcheng, Magic City, Jingshi and Shancheng have been launched one after another, and the projects are progressing smoothly."
"Quickly, like the Yangcheng Youth Apartment Project, the main structure has been capped."
"We have only launched four projects, which is not fast enough!"
Zhang Shuo shook his head, "In this way, the group will once again allocate 50 billion to the employee care fund to accelerate youth apartment projects and strive to start them in major cities next year."
Building a house actually costs a lot of money.
The 10 billion previously prepared was not even enough to complete the four projects currently underway. Because of the cooperation with Wangke, only the land transfer fee and project advance payment were paid.
The remaining balance will be paid in one lump sum after the project is completed.
"good."
Sprout's account currently has plenty of funds, and Lu Kai doesn't object.
In the long run, after the completion of these youth apartments, in addition to meeting the accommodation needs of the internal employees of Sprout, the rest can also be converted into long-term rental apartments.
In fact, it can also be regarded as a long-term investment and a substitute for long-term marketable bonds.
Although the risk will be higher
But under the current circumstances, it is also a good choice without any choice.
"The equity dividend will be 100 billion, the youth apartment project will be 50 billion, the marketable bonds will be purchased around 50 billion, and another 70 to 80 billion in cash will be left, leaving a gap of 50 billion."
Zhang Shuo made a summary, turned to look at Investment Director Luo Changan, and said with a smile: "How to spend the remaining 50 billion depends on you."
“Ting!
"
Happiness came so suddenly that Luo Changan was a little dizzy.
With this capital, the budding investment he presides over can really flex its muscles.
"but…"
Zhang Shuo changed the subject, "It's still the same principle as before. Sprout Investment only focuses on smartphones, semiconductors, new energy vehicles, biopharmaceuticals and other industries, and it aims to create synergistic effects."
To put it simply, you cannot invest for the sake of investing.
In addition to paying attention to the impact, once you adopt the method of casting a wide net, you may be taken advantage of.
Like Tengda in the original time and space, it has invested in more than a thousand companies, and the ones that have truly achieved stable returns are actually a few Internet companies such as Jingdong, Molduan, and Shou Shou.
Cross-industry investments are rarely successful.
Zhang Shuo also doesn’t think that the investment department chaired by Luo Changan is any better than Tengda’s investment department.
After all, the targets that Sprout Investment was looking at before were all chosen by Zhang Shuo.
And once the investment scope is expanded to the entire industry, even if Zhang Shuo is a reborn person, it is impossible to give guidance to Germination Investment due to his limited vision and knowledge of the original time and space.
Throwing money is throwing money, but it can't be wasted.
“Ting!
"
Luo Changan's smile also solidified on his face in an instant.
But he is capable after all.
After thinking about it, Luo Changan suggested: "If this is the case and you are pursuing stability at the same time, Chairman, then I suggest that you consider setting up an infrastructure investment fund."
“Investment fund facility?”
Zhang Shuo's eyes also lit up, "This is a good choice."
Because he often chats with his second uncle, Zhang Shuo is relatively familiar with some official policy trends. Recently, the official government has indeed been encouraging private capital to enter some infrastructure investment areas in an orderly manner.
certainly.
It mainly plays the role of financial investor.
"Then it's decided. Sprout Investment will come forward to establish an infrastructure investment fund, and the first-phase capital will be set at 50 billion." Zhang Shuo also quickly made up his mind.
Fifty billion investment in infrastructure is not a big deal.
It won't be too conspicuous.
Of course, this is only the first phase of funding. If the results are not effective in the future, you can also consider establishing the second phase, the third phase, or even the fourth, fifth and sixth phases of funding to continue working in this field.
after all.
With the two cash cows of Maili Group and Qinghe Group, Germination will not be short of money in the future.
………
The internal work efficiency of Sprout is extremely high.
The latest effort is the bond purchase plan arranged by Chief Financial Officer Cai Feijuan, who spent 50 billion in funds, almost in a sweeping manner, and plundered the Chinese bond market.
Among them is the subscription of 10 billion Heli corporate bonds, which is also the largest investment.
This incident quickly became news.
"Interestingly, Heli is busy borrowing money from everywhere, but Mei Ya is playing the role of a big tycoon, buying like crazy in the bond market, and even buying corporate bonds issued by Heli."
"Looking at it this way, Mei Ya is still very optimistic about the future of beavers."
"Don't over-interpret the above. With the budding profit level, the cash on the account has probably reached its peak long ago. Investing in bonds is a normal operation."
"It's true. It's quite unexpected that Germination can be delayed until now."
"It's no doubt that he is a wealthy family anyway..."
"I'm curious, how does the beaver feel at this moment?"
"What else can you think about? The 30 billion corporate bonds issued by Heli have not been fully subscribed until now. This can be regarded as a rescue for Heli. You should be grateful."
"That's true in theory, but everyone who understands understands..."
"Yeah, I'm still looking forward to it. The uncle's expression at this moment is so stupid."
“The upstairs is wilted!
"
"Looking at this situation, the beaver will probably survive for a while after he saves himself."
"A skinny camel is bigger than a horse, okay?"
"That is, although Heli has been in constant turmoil recently, at least for now, it is still China's largest e-commerce platform and is making positive profits every year. How can it fail so easily."
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"What's more, this is not the official original intention."
"That's right, it's better to beat someone with a stick than to kill him with a stick, so don't over-interpret it."
"That's the truth!
"
There are still many smart people among netizens.
………
At the same time, Beaver Headquarters.
After reading the comments from netizens, one can easily imagine how the uncle feels at this moment.
It’s so frustrating!
I want to scold Moya, but I don't have the confidence to do so.
As netizens said, sprouting money this time in the bond market is tantamount to helping Heli in disguise.
How can I scold you?
It makes absolutely no sense!
"Ahem, boss, this at least proves that Mei Ya has no desire to be sad." Ren Xiaoyao is indeed Ren Xiaoyao, he can always look at something from a new angle.
In terms of his ability to comfort people, he is far superior to the talented Lu Jian.
"That's all I can do to comfort myself."
To be honest, before this, the uncle was really worried that Mei Ya would take the opportunity to stand up and pick peaches.
"Huh, maybe you have a guilty conscience."
After all, the uncle is still biased against Mei Ya. Until now, he still believes that the black ant incident was planned and promoted by Mei Ya behind the scenes.
Even if Germination does not profit from it.
"Zhang Shuo has done a lot of thankless things like this," the uncle said firmly.
"..."
Ren Xiaoyao could only smile bitterly. Prejudice is a huge mountain.