Chapter 1153 (1/2)
September 27, 2008.
On this day, Chinese astronauts completed the space walk, and the whole country was excited.
The good news has diluted some of the bleakness of the recent financial crisis.
The impact of the financial crisis is becoming more and more serious, and the government's policy of rescuing the market continues, but it still can't calm people's hearts.
Under the stimulation of several good news on the 19th, the stock market fought back for a while on the verge of death, and soared for several days. However, these two days have gradually some flavor of lack of stamina.
Shareholders once again appeal to the government to introduce greater policies and stronger policies to save the Chinese stock market.
Small and medium-sized real estate developers are also crying, pleading, the banks opened the door, the government policy regulation, rescue the never return to the housing market.
Small and medium-sized manufacturing enterprises are even more miserable, and they have closed down for a long time.
In coastal areas, a large number of migrant workers carry their luggage and set foot on their way home.
The global financial crisis has brought about a complete outbreak of influence.
……
In this case.
On the afternoon of the 27th, Yuanyuan and Longhua jointly issued an announcement.
The two sides reached an all-round strategic cooperation, and Yuanyuan supermarket group Co., Ltd. replaced 25% of Longhua group's shares with 8% shares.
There are some companies in the remote supermarket group, including the previously merged distant mall and wanjia.com.
The outside world, instantly set off waves, this is this month far away do not know how many big action.
Li Dong, what a toss!
Outsiders don't know whether the replacement ratio is cost-effective or not, but insiders can analyze it a little bit, and it's not really who makes money who loses.
However, the combination of the two has indeed increased the competitiveness in the distance.
The first private enterprise in China and the first old private enterprise in Jiangbei are fully united and cross shareholding, and their strength has soared again in the distance.
……
Others do not know that Li Dong is a loss or a profit, but Xu Shengzhe is angry straight jump feet!
”Say good 10%, you turn to become 8%, if I don't read old love, I can kick you to death!”
Li Dong said lazily, ”I didn't force you.”
”Your uncle, Li Dong, haven't you forced me? If you didn't threaten me, scare me... ”
Li Dong interrupted him and said, ”it's a fact that I'm scaring you. The real estate market is in a slump. Of course, Longhua's value needs to be reassessed.”
Longhua group, with a total assets of 30 billion yuan, was revalued by Li Dong, giving a real value of 14 billion yuan.
25%, the value is about 3.5 billion.
Of course, sometimes the value of shares is not calculated in this way. In short, it is almost OK.
On the other hand, the remote supermarket group has done valuation before. Before the merger and acquisition of Carrefour, the total assets reached 27 billion yuan, and after the merger and acquisition of Carrefour, the total assets could reach 40 billion yuan.
While the distant mall and wanjia.com, when the remote mall was financing, the quotation was about 10 billion yuan.
In the later stage, the company joined wanjia.com, further expanded the o2o mode in the distance, and the great success of the promotion month, which greatly increased the value of the distant mall.
Far away, the current valuation is 20 billion yuan.
It's not that Li Dong doesn't want to overestimate. In fact, due to various reasons and the impact of the financial crisis, the valuation of e-commerce can not go up.
It's the limit to double in less than half a year. If you overestimate it, you have to talk about the future. It doesn't make sense.
Therefore, the total value of the distant shopping mall has reached 60 billion yuan. However, there is a lot of debt on the far side of the supermarket.
In particular, during the merger and acquisition of Carrefour, less than one third of the 10 billion M & a funds were paid from afar, and nearly 8 billion yuan was owed.
In addition, last year's war with Suguo and the merger and acquisition of changkelong and Yongan supermarkets also resulted in billions of funds not being paid.
Plus the previous bank loans, the time M & a balance
Lin Lin finally came to the conclusion that the total debt of the remote supermarket group was not low, as high as 22 billion yuan.
In terms of net assets, it is about 38 billion.
And 8%, or about 3 billion.
In this way, Longhua suffered losses, and many losses.
However, the development prospects of real estate companies are there, and the stability is also there. In terms of profits, it is not high at this time, and there is even a risk of loss.
On the contrary, the supermarket group is still making profits.
Li Dong underestimates Longhua and overestimates the distance, which is inevitable. Xu Shengzhe can also accept it.
The key point, Li Dong said before, 10%!
At the end of the day, he changed his mind. This is what Xu Shengzhe is most dissatisfied with. If he had known this, he would not have been enjoying himself for so many days.
Thanks to him, he thought that Li Dong was able to make the most of his words, but it was all Farting!
For this matter, Xu Shengzhe has been nagging all afternoon.See Xu Shengzhe is still nagging, Li Dong speechless way: ”you change not, do not convert!
At this time, I exchange the shares of supermarkets and shopping malls, and some real estate companies are waiting in line to change them. If you are less cheap, you will still sell well! ”
”Sell a fart!”
Xu Shengzhe didn't have a good way: ”he can't pay dividends, he doesn't participate in management, and he can't expand his shares. It's just like a product.
If you give more, you will die. In this way, Longhua is not looked down upon by the outside world.
When we break up one day, yours or yours, mine or mine.
Do you want to look superior to others? Do you still need to be famous from afar?
Longhua is short of talent, OK!
If you do this, I'm not exchanging shares for nothing! ”
Xu Shengzhe's words can't be wrong. In fact, it doesn't need fame in the distance. If Longhua wants to go public and circle money, it needs to be famous.
At this time, if you can exchange some more shares, even if it is the appearance of goods, it will be overestimated by the outside world.
In the past of the financial crisis, if Longhua chooses to go public, this is also a big measure.
At that time, Longhua may be extremely undervalued, even to the extent of country garden.
Li Dong smiles, shakes his head and says, ”in fact, they are all the same, and they have little significance.
The distant supermarket is still expanding. In a year's time, maybe it will reach the level of 100 billion. By then, the value of 8% of the supermarket will be high.
At that time, Longhua also took advantage of it. ”
”It's true. I think Longhua's scale of 100 billion yuan may be faster than you.”
Xu Shengzhe retorted, and Li Dong didn't mind. He still said with a smile: ”the announcement has been made and the contract has been signed. Do you have so much nonsense now? Is it meaningful?
And as you said, it's just propaganda. What do you think about so much? ”
Xu Shengzhe vomited his way: ”it's just that I feel cheated by you. I'm not happy.
Forget it, divide the spoils. ”
Li Dong picked up his eyebrows and said with a smile: ”what's the booty? My money, it's fair and aboveboard. How can I share the spoils? ”
Xu Shengzhe was so angry that he clenched his teeth and said, ”do you want to pay off?”
”No, wait.” Li Dong stopped teasing him, explaining: ”it's not over yet. Some guys are so stubborn that they haven't surrendered yet.
In a few days, Lao Jia and they will start.
When the ownership comes back, I'll make statistics.
However, it's not much money, and some expenses have to be included in it.
I spent tens of millions of dollars on Lao Wu's side, Teng Xiang's side and Shen Qian's mother's side.
After deducting the expenses of Hu Wanlin, there are also a series of impacts on the distance... ”
Before he finished, Xu Shengzhe's face turned green!