My Life Resets

Chapter 614, big hand, inverse cycle investment

"Of course, you can cope! If you can't even have a new round of price war, the charm semiconductor is really to be defeated by others.

Let me talk about the second idea, that is, inverse cycle investment. "

Inverse cycle investment, there is no stranger in bed. The most typical thing is that S., fighting with your own wealth, in order to use the price war to force the opponent to the corner while you are quietly expanding the production scale.

Wait until this round price is settled, and the price of the memory chip has also fallen to the floor. Just in the next round of boom cycles, S is the release of your own capacity, but other opponents can only see the ocean.

Why can't others do inverse cycle investment?

This aspect is the reason for technical strength, you don't have leading technology, there is no leading product. Can you guide the consumption of the trend, what is so big?

There is also an aspect, inverse cycle investment needs sufficient fund guarantee. Most manufacturers who have been baptized after price war, don't have any bad things, where is it, where is the huge capital investment building? This is the difference between thinking and done.

"Hu, in technology, I have confidence, especially in this block, we can definitely do the world. However, if you are executed in this plan, our funding pressure is too big."

Yan Hanzhang is very clear about the strength of the Charm Research Institute. Under the leadership of Yang Chenglin and Sakamoto Taku, whether it is in mobile equipment memory or flash memory, it has come out of a very characterful research and development road.

At this point, Yan Hanzhang is not awkward, he is a problem with funds.

The charm semiconductor is now under pressure, the shipments are reduced, and the survival pressure is facing. If you need to carry out inverse cycle investment, the funds you need are in millions of units, very huge.

"Yeah, Hu, even if the charm semiconductor is carrying out a new round of capital increasing capital, we can not meet the requirements.

We all know that you are in the air of the money, take a few hundred millions of billions. But I really want you to pay alone, is this equity? "

Chen Hao immediately came to the words, not him, but involved in the company's shareholding, no one would be insensitive.

Yes, the current charm semiconductor has encountered great difficulties, but the difficulties always have the day. If it is not optimistic about this company, everyone will not invest. Since it has been investing, under normal circumstances, everyone does not want the company's equity to change.

Because this time the amount of financing is definitely large, it is enough to change the extent to which the current situation is changed.

Gao Mingkang did not speak, but I also hope that Hu Yang can give an explanation.

"Who said that I have to invest one by oneself? This is not, Liang Manager is still here, I think it is still to make high-tech creation.

At the beginning, I launched the original intention of establishing this fund to support the development of the domestic semiconductor industry. Today, the charm semiconductor urgently needs funds, and the high-level venture capital will naturally not stand by.

As for the way the financing is, it is relatively secure to issue corporate bonds. Other financing methods, either dilute the equity, or very difficult to approval, it is not suitable. "

Hu Yang will not have a lot of inside this time, and he has no idea for the current equity situation, so it will not consider the way of capital increasing inclusion.

He has a better way.

Liang Yu heard here, his mouth moved, and finally did not speak.

"Liang Manager, Hu's recommendation, you have also heard, is there any problem there?"

Chen Hao pays attention to Liang Yu's expression and asked.

Liang Yu thought about it and said:

"Hu, the current funds of the fund are still abundant. However, I have recently received a lot of applications, all of which have come from the semiconductor industry, and some have passed an assessment."

This is very euphemistic, but it means very clear, that is, if the fund is given Huijia system, then Liang Yu has no more than a power to support some potential companies.

"Hui, high-tech venture, it is not very bad, which is a bit difficult. In addition, even if it can take this fund, the liability is too high, the company is probably hard."

Gao Mingkang thought of other aspects, that is, the issue of corporate liability.

Doing companies must consider costs, the benefits of debt operations don't have to be said, but the disadvantages are also obvious, then the cost is very high.

If the charm semiconductors are now very profitable, then the problem is not big. But in the face of the pressure on North America, the business benefits are declining, and the increase in excessive cost is indeed.

"Haha, one of you, this is a sentence with the agency, I can't understand it."

Hu Yang haha ​​smiled and opened a joke.

"Let's take a thing, let's talk about the problem of funds. Liang Manager, the matter of money, you don't have to worry, I decided to invest 20 billion yuan to the high-class venture capital fund. "

At present, the accounts of Hujia International Investment are divided into two parts, some of which are in Xiangjiang, with HK $ 3 billion. The other part is in the mainland, and there is still a million yuan after paying the deep sea Crystal Branch.

If Hu Yang has invested 20 billion yuan to the high-level venture capital fund, Hujia International Investment has surviving the remaining billion yuan and HK $ 3 billion, and the funds are still very sufficient.

"Hu, this is not considered? After all, you will not be high, it is not worth it."

Everyone is good, Chen Hao quickly opened a word.

"Don't tighten, I have been based on the account."

Hu Yang nodded from Chen Hao, and then said.

For him, the money only has fun, and there is no meaning on the account.

The capital is solved, and a stone in everyone is falling.

However, the cost of financing is still not stressed.

"Below, I will talk about financing costs. Currently, the shares of the charm semiconductor must be very clear. As of the previous trading day, the stock price has fallen to the vicinity of the issuance price, closed in Yuan."

When the charm semiconductor is listed, the issuance price is Yuan. Is this price not to fall below the issue price?

Several people are afraid that I don't care about the company's share price, I will listen to it, my face is not very good.

I didn't expect Hu Yang to pause, and then said: "I estimate that this two days will fall wear the issuance price, even 3 yuan integers, will be broken sooner or later."

That is, the shares of the charm semiconductor may fall to 2 yuan or less?

"Then our loss can be big! Hu, do you think you want to pay?"

Chen Hao should be in this case, fall back, the company's market value can be very ugly.

"I am going to say this problem, this time is due to fundamental changes in the fundamentals of the company, so the stock price has been completely walking. I estimate that the company's share price will gradually stabilize after falling below 2 yuan.

Dear, if the company's stock price fell below 2 yuan, I hope to pay for stock repurchase. I have confidence that with the fundamentals of the company, the company's share price will go back into the rising channel. If we carry out stock repurchase in a very low position, it is equal to the premium part of the next financing in advance. "

Repurchase stocks then cancels, and the gold content of each share will naturally improve.

This is not the focus, the focus is in the future, with the improvement of the company's fundamentals, the premium of financing will also raise.

On the basis of not affecting the equity of major shareholders, this work is taken, the obtained earnings are enough to offset the financial expenses in the next three years.

This is Hu Yang's calculation!

"Snack ... This idea is very bold, but it may succeed."

Yan Hanzhang and others are not financed, but it costs for a few minutes, or can understand Hu Yang's meaning.

To put it bluntly, it reduces the shares when the stock price is very low, and then premium the expansion shares when the stock price is raised.

After reduction and expansion, the shares of the major shareholder is basically unchanged.

"I want to understand? If you have no opinion, you will do it. After you go back, take a charter, then go and share Yan Zong. I mean, this time, the financing amount provided to the charm semiconductor is 30 billion yuan .

High-class venture capital can buy charm semiconductor 20 billion yuan of bonds, there is more than 100 billion yuan, Yan always you find ways from bank loans. The loan thing is that the province and the city promise, it should be no problem. "

Even the support commitments I have promised in the province and the city will also be fulfilled.

With Hu Yang's understanding of Qi Xiang people, this thing does not have any variables.

"Okay, Hu, I remember that the financing of the charm semiconductor will be placed at the highest level."

Liang Yu did not say too much, Hu Yang is full of funds, and he only needs to take it.

Yan Hanzhang also said:

"Hu total, issuing corporate debt and loan things, I will implement it as soon as possible. In addition, I will strengthen things in R & D and construction of new factories. I will take a solution in one week."

With huge amount of funds, it is not to eat interest on the bank account. This money will take it out, and the good steel should be used on the blade.

Hu Yang nodded, everyone added some details, and today's meeting is over.

To put it, no matter how Gao Mingkang is still Chen Hao, it has been tacit in cooperation with Hu Yang for so long. Otherwise, it can be passed so quickly?

"Hu total, high, a piece of rice, you see, Tiandu is black."

Yan Hanzhang and Liang Yu have to step in class. At the end of the meeting, running is faster than the rabbit.

Populus and Gao Mingkang did not panic in the end, just went downstairs, he saw that Mr. Chen Hao stood there yet.

"Eat? Well, let Chen Dong break once."

Hu Yang hesitated, if there is no need, he really wants to go home and stay with the little guy.

However, Chen Hao's face is to give, who makes him a old man of Chen Jialin.

Gao Mingkang did not resignated, so three people came to a seafood restaurant.

"Hu, I think the fruit company is still too tight. I know that your current primary goal is Weissley, two-wire combat can be a taboo."

The wine is aligned, and the three are sovered while drinking.

Chen Hao said that gossip, suddenly took this sentence.

"Chen Dong, is not we stared, but the fruit company stares at the charm electronics. Today, the charm electronics products are also very difficult to enter North America, unless they give up and the cooperation of the charm semiconductor.

In this case, the domestic market is most important that charm electronics must squeeze the market share of the opponent. The European market, the competition is very powerful, there is no fruit company we have to win the spirit of 120,000 points. "

Although I don't know the meaning of Chen Hao's previous sentence, Hu Yang is still very patient explanation.

"The truth is true, but if the fruit company is squeezed in the domestic market, it is probably the pressure of the whole Hujia system will continue to upgrade."

Chen Hao's eyes revealed a little helpless, this problem is not solved.

"Chen Dong, please relat your heart. There is a soldier to block, water to hide, we can't be afraid of North America to fight, will you compete with them? Ag, even I am willing to make, useful? Is it useful? A soft and weak, it will usher in a fan of raining. "

Hu Yang did not say much, now some questions Chen Hao can't see it.

But as a "coming", his memory will not lie, he is clear than most people under the current, some countries do not allow others to exceed it on the high-end industry chain.

Hujia is because of the qualifications of the North American Semiconductor industry, it will suffer a wave of pressing.

"Chen Dong, I also think that Hu is said to be right. Let's don't think that those who are useless, bravely welcome the challenge, I don't believe it, I can't kill a way."

Gao Mingkang looked clearly, so he didn't have any fantasy.

Chen Hao did not continue to argue, just silently dried a glass of wine.

"Hu, I have already got news, the provincial hall intended to hand over the woman to Xiangjiang. I have no better saying, wait for Garlin from Europe, you will persuade him. That, I still have something to take a step, you will take a lot of you and high. "

Chen Hao finished, and did a glass of wine, stand up and got out of the private room.

"Hey? What is Chen Dong? Today is not his take the initiative to come out to eat? Why is he left?"

Gao Mingkang is very wonderful, and his own people argue two sentences, nor do they turn your face.

Hu Yang was sanctious, and he finally understood why Chen Hao would raise fruit companies.

Although Chen Hao is not a cold, he is sure that he is distressed. If Liu Jia is handed over to Xiangjiang, the granddaughter is not a baby of the mother?

It is estimated that after Li Kailong and others discussed, it feels that it is difficult to keep Weiss letting, thinking about using this case to force Chen Hao, let him come out to say a few words for the fruit company.

But unfortunately, Chen Hao is very difficult to get a conscience to block the plan of Populus. When he went out, he is equal to the bottom of Huyang.