Extraordinary Genius

Taihua Land, the only real estate company owned by Taihua Holdings. Originally a combination of property management companies of Taihua Supermarket Group, real estate companies of Iceland Pharmaceutical Group, real estate companies of Iceland Machinery Manufacturing Group and many others, it is now a wholly-owned subsidiary of Taihua Holding Group.

At the time, many national enterprises in Huaxia, there were real estate development companies below, which were relocating old factories and selling them to make money. At that time, many national enterprises did not do very well in their business, so that factory workers could survive the difficult situation.

Later, Feng Yu looked at each other's battles. There was no scale, and his strength improved slowly. Just when the Taihua supermarket group expanded, he needed a real estate company, so he consolidated and formed a real estate company with scale.

Later, the Taihua Supermarket Group expanded to a certain size. The first and second tier cities have been basically occupied. Below the third tier cities, it is not suitable to open a Taihua supermarket. It is fine to open a Taihua supermarket, so this business was sorted out individually and turned into Taihua land.

As a result, Taihua Supermarket Group also has more money, and Taihua Holdings Group can use Taihua Land to build new factories, office buildings, etc.

But to be honest, Feng Yu has not paid much attention to this aspect. Real estate is not used as a pillar industry in Shihua Xia, but as a pillar industry in urban infrastructure, transportation and so on. Real estate is only a supplementary project.

So this increase in house prices in World Warsaw was less fierce than in previous generations and avoided the emergence of many bubbles. But because of Huaxia's high overall economic level, people's demand for houses is just increasing, and the urban slum upgrading and so on is also being promoted, leading to the price of houses in good locations still skyrocketing.

This also gives Wan Da room for development so that Wang Jianlin can become a leader in Huaxia's private real estate industry, even better than many central ~ enterprise development.

Now that Taihua land development is generally ranked 10th in the country, it has been satisfactory to many people, but in Feng Yu's view, development is still not possible, mainly because of the general level of managers in this area and the relatively low level of courage.

Other people's real estate companies make good profits and their turnover grows rapidly every year, but Taihua Land is growing slower and slower, and the main profits become rentals for office buildings and shopping malls. They have not been residential and, of course, have lost a great deal of market.

However, Taihua Land has many professional technical and managerial talents, adequate machinery and equipment and no liabilities, and the assets are still very high quality.

What is missing is this, which is why there has been a lot of cooperation with Taihua Land during the development.

Wang Jianlin, anyway, your Taihua Land is not the main business of Taihua Holdings, and the annual revenue is not very high. Maybe Taihua Holdings really doesn't care about this business, then he should buy it.

If Wanda annexes Taihua Land, plus the reserves owned by Taihua Land, it will probably become the world's first urban complex developer, and property assets will rise to the world's highest!

Huaxia first and the world first, that sounds very different, which also has a vital contribution to make to the future listing of the Ten Thousand Stocks.

In fact, don't look at the scale, but the debt ratio is extremely high. Although there is no risk of bankruptcy for the time being, the debt ratio is high and there are many constraints on the development of the group, and most of the money earned is spent on debt servicing.

Interest on debt rolls over every year, and they are under a lot of pressure. The listing of equity offers the ability to reduce the debt ratio, reduce the risk of the business operation and increase the profitability of the business.

The more high-quality assets you have, the higher your share price will be when you raise shares, and the more shares you issue, the more money you can raise and the more money you can make it more affordable.

Anyway, Wanda Group still has shares in Taihua Consulting. The Taihua Consulting is also part of Taihua Holding Group, and it is not Feng Yu's industry.

Left to right, Feng Yu will not suffer. Wang Jianlin felt that his proposal was not abrupt.

Originally he was going to talk to Liu Yuanzhi. Since he met Feng Yu today, it would be better to talk to Feng Yu. After all, Feng Yu is the real decision maker of Taihua Holdings today.

He saw Feng Yu reveal the divine colour of thinking, and his heart became more excited. No objection, it's a play!

Feng Yu Niu asked Wu Zhigang: "Gangzi, how much of our land assets are in Taihua? ”

“Taking into account our reserved land and property assets such as our famous office building, the calculated value was about 490 billion RMB a year ago, and now 50 billion is absolutely fine. ”

Windstorm building, Taihua building, etc. also hang under the Taihua property, these Feng Yu are not going to sell. Feng Yu Building sold to Wan Da Group, what the hell is that?

“The office building or something is split up, a property asset management company is set up, and the remaining assets measure how much they can be sold to Wanda Group. Director Wang, even if the property is split up, the remaining land, machinery, personnel, brands and other assets worth more than 30 billion RMB, even if I sell 40 billion to take-out, people will grab it. How much money are you going to pay, are you funding enough? ”

Don't look at the big plate, but the debt ratio is too high, 40 billion in cash, and they'll never get it out. What Feng Yu meant was that he wanted this part of the asset in exchange for tens of thousands of shares.

Wang Jianlin heard Feng Yu ask, he immediately replied: "We Wanda are planning to raise shares for listing. According to our brand at this time, raising shares will be simple, raising $20 billion is absolutely fine. ”

“Oh, are you ready to go on the market? In New York? It doesn't look like a good market over there. ”

Wanda's report is certainly non-profit at this time, so it can't be listed domestically, and Xiangjiang is difficult, and can only be listed in a market like Nasdaq.

Why many businesses choose to be listed in Nesdaq, Warsaw, is because of the low bar over there. Of course, Nasdaq has always had the largest number of bankrupt businesses.

But at this time, the impact of the economic crisis caused by the financial crisis in the United States is not yet over. The stock market in the United States is still at a low point. There is no point in looking up. Listing there at this time is not a good option.

If the market is bad, then there will be fewer investors. At this time, the offering price will be difficult to set. At this time, the number of shares that can be raised will certainly be much smaller. At this time, the listing will be at a loss.

Of course, if some enterprises have reached the point where they have to be listed, then they will also choose to be listed at this time. Feng Yu feels that Wanda has not yet reached this time.

“What do you mean, Feng wants to invest this part of the asset in Wanda? ”

Wang Jianlin frowned, Wan Da passed a round of private financing, of which Taihua Consulting is also one of Wan Da's shareholders. If Taihua Land is put into stock again this time, Wan Da's absolute controlling interest may not be in his hands.

At this point, he had to consider the advantages and disadvantages.

……