After listening to Feng Jianhui's words, Liu Dong nodded clearly and said: "Since you all think that the acquisition of Yahoo is inevitable, let's discuss the funding issue! ... Lao Zhang, how much can China Telecom Group itself provide?
Acquisition funds?”
"USD 6.5 billion!" Zhang Fan said quickly.
"6.5 billion? That's so much? Don't you include the money the company invests in scientific research and basic operations?" Liu Dong said slightly surprised.
"Of course not! Of the 6.5 billion US dollars, 4 billion US dollars are the profits of Xuntong Group over the years, and 2.5 billion US dollars are the company's bank loans!"
"Yeah!" After some calculation in his mind, Liu Dong turned to Feng Jianhui.
There was no need for Liu Dong to speak this time. Feng Jianhui had already said: "Under the condition of ensuring the normal operation of the head office, Hanhua Group can provide US$30 billion in acquisition funds for Xuntong!"
"Are you sure?" Liu Dong couldn't help but said.
"Yes! Of course, if we want to raise this $30 billion, we need to sell some of our assets!"
"Tell me about it?" Liu Dong said.
"Okay! First of all, I think it is no longer necessary for us to hold the equity of Internet companies such as Amazon. Rather than simply investing to make money, it is better to sell these shares in exchange for funds to support ourselves later.
After all, we have eBay, and Amazon is still our competitor in the same industry! In addition, Google has begun preparing to go public this year, and we hold 26.7%, nearly a quarter of Google’s original shares!”
"If Xuntong Group does not develop Internet search in the future, I will object to selling these shares. But now that we have Yahoo Search, there is no need for us to hold these shares! ... According to the current Wall Street policy
Investment institutions’ predictions for Google’s listing, as well as the analysis of our Hanhua Research Center, show that Google’s stock price will definitely have a period of rapid rise after its listing. If we sell all the shares in our hands, we should be able to obtain more than 20 billion US dollars in funds.
"Of course, this is the lowest estimate. If Google does well after it goes public, we can make more."
"After selling the stocks of Google and Amazon, the two items plus one should be worth 30 billion US dollars!"
After listening to Feng Jianhui's analysis and thinking for a while, Liu Dong nodded. Indeed, as he said, since Hanhua Group has planned to enter the search industry, there is no need to continue to hold shares in Google! The same goes for Amazon's stocks.
The truth... Developing its own Internet search and e-commerce websites can not only make money but also gain key industry influence. This is obviously much more beneficial than simply investing to make money. Now, Hanhua Group really has no shortage of people who can make money.
Department! But there are very few companies that can gain industry influence.
"Lao Zhang has 6.5 billion U.S. dollars, and Hanhua can provide 30 billion U.S. dollars. I can also provide you with 5 billion U.S. dollars! If we add this, we have 41.5 billion. We are still far from the goal!" Liu Dong frowned.
"Chairman, we can replace this part of the funds with the stock of the parent company after the merger with Yahoo!" Zhang Fan said.
Hearing this, Liu Dong nodded, but did not immediately express his position. Using stocks to replace acquisition funds was a method that often appeared in previous commercial mergers and acquisitions. But Liu Dong was very hesitant. Because if this is really the case
If so, I'm afraid his shareholding in the new Xuntong Group will drop to 50%, or even below!
The worry of losing controlling stake is the fundamental reason for Liu Dong's hesitation at this moment.
"If the chairman does not want to replace it with stocks, we still have stocks in more than a dozen large companies such as Microsoft, Boeing, Hasbro, AMD and Apple. Their value exceeds 20 billion US dollars. We can sell these stocks
The company's stocks are used to raise acquisition funds." Feng Jianhui, who understood Liu Dong's thoughts, said beside him.
"If that's true, I'm afraid David Coleman will knock on my door!" Liu Dong said with a smile.
The stocks of these large companies mentioned by Feng Jianhui just now are basically in the hands of Hanhua Holdings. If all of them are sold, then 80% of the assets of Hanhua Holdings will also be sold!
As the president of Hanhua Holdings, it would be strange if David Coleman didn't get angry.
"In emergencies, I believe President Coleman will understand! Moreover, when the time comes, the chairman will personally come out to comfort him and the problem will definitely be solved!" Feng Jianhui said calmly.
"Put all the trouble on me!" After giving Feng Jianhui an annoyed look, Liu Dong showed a thoughtful look on his face.
Liu Dong is still a little moved by Feng Jianhui's proposal just now. But of course he cannot sell all the shares of Hanhua Holdings. It is still possible to sell part of it. For example, Microsoft's stock has passed its initial peak.
period. Although it is still a blue chip in the stock market, there is no need to keep it when funds are needed.
"Mr. Feng, can't you allocate some funds from other companies under Hanhua?" Zhang Fan said.
"I would like to, but I guess no other company except Emperor Entertainment can provide us with funds!" Feng Jianhui shook his head and smiled bitterly.
As the chairman of Hanhua Group, Liu Dong understood the meaning of Feng Jianhui's words very well.
In fact, since the Hanhua Group first emerged five years ago, Liu Dong has injected the gene of expansion into it. Although the group's development policy has now changed from encroaching at the beginning to focusing on stability now.
But stability doesn't mean staying the same.
For example, Qiangwei Jewelry is now making every effort to expand its branches to Europe. Dongchao Group is working hard to make its "Agarwood Pavilion" antique industry, and "Taiyi Pavilion" wood carving and classical furniture industries form a nationwide coverage
business network.
Jiahua Group, Huayang Group and Shangyuan Engineering Group have invested almost all of their company profits in land hoarding and the development of Yanjiao New City.
K. Wah Hotel Group has focused on the construction of three super five-star hotels: Han Palace, Tang Palace and Song Palace.
In addition to maintaining the company's operations, Dongfang Iron and Steel Group's profits are basically invested in the research and development of special steel formulas and new processes.
Oriental Resources Group puts its profits into the development of the Baikal iron ore mines in Mongolia and Russia.
Fengrui Agricultural Group is preparing to expand its farm scale in Ontario, Canada. Lejia Group's supermarkets and sporting goods stores are expanding crazily across the country under the command of Lin Ling. The momentum is even greater than that of Rose Jewelry. Basically, every
Twenty-five stores are opened across the country every month.
Fortunately, the expansion funds of Lejia Group were provided by Liu Dong and did not go into the accounts of Hanhua Group, otherwise Feng Jianhui would have had a huge headache.
As for Cathay Pacific and Global Trade, they are replenishing their own fleets and adding their own fleets, so they cannot squeeze out much money at all.
Pacific Petroleum Industries Company has basically invested its profits in the development of Mongolian oil fields and oil pipelines.
Matrix Media's profits have been invested in the expansion of theaters in China and throughout East and Southeast Asia. Even the merger and acquisition of Pixar was funded by Liu Dong.
The remaining former Daewoo companies, including Daewoo Heavy Industries, Daewoo Shipbuilding, Daewoo Motors, and Daewoo Electronics, are also investing in new factories on a large scale in China. They are also restoring the original production and marketing system of the Daewoo Group in the world before the economic crisis.
There is no way to squeeze out funds at all.
As for Hanhua Commercial Bank, Hanhua Insurance and Hanhua Securities can provide some funds, but originally focused on steady expansion, they are not large enough to provide more than one billion US dollars in funds.
Calculating this, only Emperor Entertainment is the most likely! In fact, Emperor Entertainment, which has basically no way to expand, has been playing the role of the ‘cow’ of the Hanhua Group headquarters since it was put into operation!
With an annual profit of more than 2 billion US dollars, Macau is worthy of its reputation as the world's largest casino and a 'money printing machine'!
"Let's wait for now! The acquisition of Yahoo is not something that can be completed overnight. After figuring out the other party's conditions first, we will find a way to raise funds! If it doesn't work in the end, then use stocks in exchange!" Liu Dong
After thinking for a while he said.
"I understand, Chairman!" Zhang Fan said excitedly.
Seeing that his idea is about to become a reality, as the leader of Xuntong Group, it is no wonder that he is so excited.
"Oh, by the way! Since you two are here, I just have some questions to ask you!" After a pause, Liu Dong quickly glanced at the two of them and said, "What do you think of the 3G telecommunications industry? Yes.
Is there a future for development?”
"3G wireless network?" Zhang Fan said.
"That's right!"
"Dr. Liu, why did you suddenly think of asking this?" Feng Jianhui asked curiously after looking at Zhang Fan.
"Before you guys came, this is what Li Zekai was just talking to me about!"
"He invited you, Director Liu, to join the telecommunications industry?" Zhang Fan said.
"That's right!" After nodding, Liu Dong simply repeated some of the key points of the conversation with Li Zekai just now, "I don't know much about the telecommunications industry. But I know that what Li Zekai said has a certain truth, and 3g
Wireless networks are indeed the future of the telecommunications industry... However, the investment in the telecommunications industry is huge, so I am still completely unable to make up my mind to enter this industry. Therefore, I want to hear your opinions first!"
After digesting Liu Dong's words and pondering quietly, Zhang Fan first said: "Chairman, 3G wireless network is the future, this is right! In fact, our Internet industry has also been tracking the international 3G telecommunications industry.
Development. Because we are all convinced that after the development of the Internet reaches its peak in PC terminals, its future lies in the mobile terminal. But what we are not sure about is how long it will take for the development of mobile phone hardware to be able to bear all the functions of a computer.
, or most of the functions... If mobile phones cannot do these, then the golden age of the 3G telecommunications industry will never come."