Chapter 703 - 296: He’s Got Something on Me
Jiang Banxia gradually started returning to work, although she still had to feed the child every day.
But luckily, there were many people at home, so she didn’t have to take care of the child herself.
Since last year’s sanctions bill came out, and with the list being expanded again this year, it has led to early movements in domestic substitution, causing any A-shares linked to domestic substitution to surge since June.
Meanwhile, the Wanliu Global Selection fund also completed another round of capital reorganization after more than a month.
This time, the scale remained at 30 billion US Dollars, with 15 billion US Dollars from Wanliu Capital, 10 billion US Dollars from Extreme Shadow Cars, and the remaining 5 billion US Dollars from users.
The quota was exchanged using car purchase points, and this time the exchange rate reached 3-to-1.
This means purchasing a Shaking Light for 510,000 only grants a financial quota of 170,000.
Even if it doubled, the gain would only be 170,000.
Overall, the cost-effectiveness is already very low.
A 30 billion US Dollar fund can’t generate super returns.
Yet despite this, the vast majority of points were still exchanged for financial quotas, either directly 1-to-1 for shares in the other four funds, or exchanged 3-to-1 for this QDII fund.
That accounted for 200,000 cars and nearly 100 billion points.
Li Yang was reviewing the data.
After this fund reorganization, Wanliu Capital had less than 10 billion left.
Extreme Shadow Cars’ account, on the other hand, held a lot of money.
Although Li Yang was generous with suppliers, he had his conditions, which led to Extreme Shadow Cars having a large amount of cash lying around. Adding previous earnings, they now had over 150 billion in cash.
Not including the 10 billion US Dollars invested in the QDII fund.
The main reason is the significant increase this year. Payments are due by the end of the year, and as more cars are sold, with close to 30,000 cars being delivered each month, the account funds have increased significantly.
Among this, 140 billion is to be paid to suppliers.
Extreme Shadow Group is still expanding, with various expenses exceeding a billion a year, so... without the QDII subsidies, despite selling 300,000 to 400,000 cars a year, Extreme Shadow Cars would barely break even.
After finishing the organization, he found Jiang Banxia and said, "Wife, are you interested in Extreme Shadow Cars? Xin Cheng Capital is ready to cash out and leave."
Jiang Banxia was startled, "Huh? Honey, are you short on money again?"
Li Yang: "..."
Even though he never admitted that Xin Cheng Capital was his, Jiang Banxia must have figured it out.
"Uh... sort of."
This was the first time Li Yang tacitly admitted it in front of Jiang Banxia.
Aside from some life matters, Li Yang never actively deceived Jiang Banxia in business.
As long as the occasion wasn’t too difficult, Jiang Banxia would ask, and he would answer.
Soon, Jiang Banxia glanced at it and asked, "Extreme Shadow Cars isn’t cheap now. The shares Xin Cheng Capital holds are worth at least 10 billion US Dollars, and Wanliu Capital can’t come up with that much money. As for me personally..."
"Do you want to buy in under your name?"
"What do you think, honey?"
"It’s up to you, you can invest under your name if you like."
There was hardly any difference between the two. Although Wanliu Capital is now listed and no longer belongs solely to Jiang Banxia, she can still enjoy the premium from the stocks.
After a brief thought, Jiang Banxia said, "I’ll do it under my name, let me contact Jiangbei Bank to pledge some equity."
"Alright! It’ll take approximately 12 billion US Dollars."
From a third-party perspective, Xin Cheng Capital’s investment was a huge win.
Because at first, they only shelled out 200 million US Dollars.
At that time, no bank was willing to loan to Extreme Shadow Cars, and Li Yang had no choice but to step in personally.
Now, he needed money.
There was indeed a substantial amount with Chen Peipei, but it still wasn’t enough.
Even though Bitcoin prices rose recently and platform earnings soared, it still fell short.
Li Yang had only one or two chances left; with the setup he had, any issue would mean the money he had could only rescue him once.
He wanted to use this last opportunity to build several more moats for himself, at least not having to worry about funding shortages.
If he couldn’t manage things that could be solved with money, there wouldn’t be solutions for future issues either.
Jiang Banxia asked, "Why suddenly need so much money, what happened? Is someone trying to split with you, and you’re paying them hush money?"
"Ptooey! Even if someone wanted to split, they’d have to pay me hush money. Who could take advantage of me?"
"Seems like it... Aren’t you in a hurry? It might take a month to process on my end."
After all, it’s not a small amount of money, and Jiangbei Bank isn’t a big bank, so funding decisions take time.
"Within three months is fine."
In any case, the funds from Chen Peipei’s side can tide things over for now; this fund isn’t needed immediately.
However, the news should be released first.
...
Ye Bingcheng was the first to see the news.
He knew what Li Yang meant by doing this; essentially, it was to fuel the event from a few years ago, bringing out the Cen Family’s black history as a reminder to those people not to give the Cen Family another chance.
This over 10 billion US Dollars rightly belonged to Po County’s Xin Cheng Capital.
If more people like the Cen Family were to appear, even more money would be made.
It’s not that others can’t earn; regular transactions are all about making money.