Chapter 274 Bridge Funding
When they returned home in the evening, even Zhang Yiru, who usually had no interest in stocks, started chatting with Gu Junhao about stocks, and by the way, she also joked that Gu Junhao's market value of over 100 million yuan had made it to the hot search list.
The heat of the market is evident. When most people who don’t pay much attention to stocks talk about it, it also means that risks have arrived. Tong Huashun, which has hit the daily limit, is clearly at the center of the storm.
According to Gu Junhao's impression, Tonghuashun's stock price should be below 50 yuan at the beginning of 2015? If I remember correctly, then according to today's closing price, there should be a 30% retracement, which is a considerable adjustment.
"Those are all fake. I would like to sell them, but I can't pay the pledge money, so I can't sell them even if I want to." Gu Junhao said with a wry smile.
Gu Junhao felt heartbroken for no reason when he thought that the current market value of 100 million yuan would be reduced by more than 30 million yuan in less than half a month. If he redeemed his pledged shares, the amount of this reduction alone would be enough to deal with the current debt.
Currently, excluding interest, Gu Junhao has a total debt of 21 million yuan. If he wants to release these pledges, he must raise more than 21 million yuan in cash flow and redeem the stocks before the stock price retreats.
"Do you really want to sell your stocks?"
"Yeah, if I could get more than 20 million now, I would sell the stocks."
"More than 20 million is a bit too much. Your company can raise funds, but the procedures are a bit complicated. If it's not possible, you can use bridge financing, but the interest rate will be higher."
In Zhang Yiru's opinion, Gu Junhao's judgment on the stock trend is still very accurate. Every time he sells, there will be a large adjustment. Now that the market value is so large, the adjustment is a very large number.
"Well, bridge financing is a solution. I'll ask my big clients to see if anyone can help me solve this problem. You can also ask around for me. We can try to get this done by the weekend."
"Okay, I'll ask our colleagues in the loan department for you later." Zhang Yiru said happily.
Ever since I started dating Xiao Gu, he has never asked me to provide much help. It is really a rare opportunity to help him this time.
They have been dating for more than a year and are close to getting engaged, but they provide very little support to each other. Perhaps Gu has been accustomed to being alone since childhood and is used to solving everything on his own.
The so-called bridge financing is a short-term financing method, which is a financing method that is connected with long-term funds. It connects with long-term funds through the financing of bridge financing, and the general term is within six months.
It can be an individual or an enterprise. The bridge method is more commonly used by small and micro enterprises, and the interest rate is relatively higher. Gu Junhao's company did not have too much capital demand before, and it provided its own funds, so this method was rarely used.
As for the cash in Junshi Capital's account, Guo Yuanwei even thought about using a bridge loan to provide the company with some hematopoietic capacity, but this was rejected by Gu Junhao.
In Gu Junhao's opinion, those who borrow money nowadays are all big shots, and any individual or company that lends money must be prepared for bad debts. At present, without strong financial support and having become rich in a short period of time, the probability of being cheated is still quite high.
If you lend out the money in the company account for this little bridge interest, and then get cheated and cannot get it back, it may affect the normal operation of the company, which is not a good thing for the company or yourself.
But lending money to others is another matter. People are hypocritical, and Gu Junhao is no exception.
In order to resolve the bridge financing issue, Gu Junhao did not go to work directly at the company as usual on Friday morning, but went to the bank with Zhang Yiru.
As a bank, it is very happy to provide loan options to high-quality customers like Gu Junhao. However, from previous communications, the bank can also see that Gu Junhao has always been resistant to loans.
At ten o'clock in the morning, through Zhang Yiru, Gu Junhao and the bank manager in charge of loan business sat face to face in the reception room, discussing the amount of the loan and the interest rate.
This time, Gu Junhao prepared a one-time loan of 25 million yuan, which would not only pay off the previous loan but also replenish a certain amount of working capital.
"If Mr. Gu had listened to me last time, he would have directly granted the loan without pledging collateral." Manager Liu, who is in charge of the loan business, smiled. Last time, Gu Junhao insisted on pledging collateral, which made him miss an opportunity to lend money.
"How can it be the same? You couldn't have loaned me 25 million yuan last time." Gu Junhao said with a smile. How much was the market value of Tong Huashun when he came to pledge the mortgage last time.
If you want to get a one-time loan of 25 million yuan, you will not be able to pass the risk control even if the policy is more relaxed; but this time it is different. After the pledge is released, Gu Junhao will find an opportunity to sell part of the stocks and can easily repay the loan amount.
The whole process of the conversation between the two was relatively harmonious. As a manager of the loan business, Gu Junhao's risk control and credit approval were very good. There was no need to worry about the formation of bad debts for this loan amount of 25 million yuan. It was simply a good performance for himself.
To some extent, he even hoped that Gu Junhao could lend more; after the conversation, the two had a full exchange of ideas on the specific details, and then entered into negotiations on the contract details through the legal teams of both parties.
As for the specific details, as long as there is no problem with the legal affairs, Gu Junhao doesn't care much about the interest rate. The only requirement is to do it as soon as possible. If it is delayed too long, then the loan will be meaningless.
"Don't worry, Mr. Gu. We will handle special matters as soon as possible and try to transfer the money to you today or next Monday so as not to delay your business." The manager said readily.
"Thank you very much. In that case, I won't disturb you at work for now. You can come to our company when you are free."
"As it should be, this is also our job. I will go to the president right now and try my best to approve it for you."
"Okay, then I'll leave first and won't delay your work."
"Why don't you go and see Xiao Zhang?" The manager joked when he saw Gu Junhao was about to leave. Their engagement had also caused a lot of buzz within the bank.
"Haha, of course I will go. I will go have lunch with her before I go back. I will also ask Manager Liu to come and have a drink. We will send you the invitation later."
The manager of the loan business department is named Liu Jun, a fat man who looks very kind. However, to be able to reach this position, his ability must be extraordinary, and Gu Junhao naturally wants to have a good relationship with him.
"Of course. It's my honor to attend Mr. Gu's engagement party." Liu Jun said happily, not showing any displeasure at all because of Gu Junhao's impromptu invitation.
"You're too kind. I'll leave now."
"Okay, bye."
After leaving the loan business department, Gu Junhao came to Zhang Yiru's office. Seeing Gu Junhao coming in with a smile on his face, Zhang Yiru could naturally guess that things were going smoothly.
"Have you reached an agreement?" Zhang Yiru said with a smile.
"Well, it's settled. Lao Liu is very easy to talk to. He will process it for me as soon as possible. However, I have to go to Brother Xu's place this afternoon. I want to try to release the pledge before this weekend. I'm afraid that the bank's funds will not be available so quickly and it will take me a lot of time."
The Brother Xu that Gu Junhao mentioned is Xu Dong, the boss of Xushen Auto Parts. Ever since the two met during the fundraising process of the first fund, their relationship has been very harmonious, and they are like friends regardless of age.
The first fund invested 4 million yuan, which was a huge support for Gu Junhao. When the second fund was issued, based on the principle of mutual benefit, Gu Junhao would still bring him along.
In this way, Xu Dong subscribed a total of 10 million yuan for the two funds. At present, the profit is still very considerable. When thinking of using bridge funds last night, the first person Gu Junhao thought of was him.
At present, he is the only one who has a good relationship with me and can provide short-term bridge financing of more than 20 million yuan. Some other people are not wealthy enough and do not have that much cash flow.
But Xu Dong has this ability. In recent years, Xu Dong's business has been growing bigger and bigger, and he has no money to invest. Otherwise, he would not have subscribed to nearly 10 million yuan of private equity funds from Gu Junhao. He even had the idea of listing the company.
It would be best if it could be resolved through a bank, but the bank's procedures are relatively complicated. Although Manager Liu's words were nice, there is no guarantee that there would be no accidents.
In order to avoid missing out on time, Gu Junhao made preparations for both scenarios. After finalizing the loan with the bank, he took out a short-term loan from Xu Dong so that he could pay him back immediately after the bank funds were transferred.
Last night, Gu Junhao asked Xu Dong for his opinion on the plan he had come up with and sought his help. As the big brother, Xu Dong readily agreed, and the two made an appointment to meet at his company this afternoon.
"It's fine as long as it's done. But you're in such a hurry. Are you afraid that the stock will fall sharply? Hasn't it been rising quite well recently?" Zhang Yiru asked with some confusion. Although classmate Gu is efficient in doing things, he seems to have never been so anxious.
For this reason, Zhang Yiru took a special look at the market and the trend of Tonghuashun this morning. The current growth is still quite good. Tonghuashun has already exceeded the 70 yuan price mark early in the morning.
"That's about it. The market is too hot. My previous pledge and the recent surge in Tonghuashun's stock price have caused quite a stir. I want to cool it down." Gu Junhao said, rubbing his forehead.
Logically speaking, although his market value will generate some heated discussions among fans, it is far from enough to make it onto the hot search list. At most, it will only have a certain degree of popularity in the Taogu Bar.
There is no such thing as a great philanthropist in stock trading; without any public relations on his part, the popularity was so high that Gu Junhao very much suspected that someone was using him to divert attention in order to crash the market.
With the share price exceeding 65 yuan, investors who buy the stock will not lose money and may even make a huge profit in next year's market, but relatively speaking, it is already a high point in this round.
Investors who buy shares after chasing highs and then adjusting are the most likely to cut their losses. Gu Junhao does not want his influence to mislead his fan base.
