Volume 4: The World of Great Conflict Chapter 0587 Debt-to-Equity Swap
Nan Yi did a good job, and Jingjun Construction felt comfortable working there, so the project progressed naturally faster.
Money was flowing out of Yaqing Company's account like water.
One day in late April, Fan Guangfu came to Nan Yi to express his concern about the situation of Yaqing Company.
Nan Yi took Fan Guangfu to the Yaqing construction site first, and then to the dormitory building construction site near Zhichun Road. The area where Zhichun Road and Wudaokou intersect is still quite desolate, with a lot of vacant land on the side. But in a dozen years, this will be the location of the Universiade Village, surrounded by colleges and universities, and it will definitely be a place where every inch of land is worth a lot of money.
When talking with Min Jinsheng, Nan Yi had already transferred the right to use the land to Yaqing Company. As for the ownership, there is no doubt that it belongs to the country.
"President Fan, look, the frame of this building has been completed, and the decoration work is now underway. People will move in on the 25th of next month. I have already contacted the furniture factory and placed an order. The furniture will be brought over as soon as it is delivered here." Nan Yi said, standing outside the dormitory building wearing a safety helmet, pointing at the dormitory building.
Fan Guangfu put his hands behind his back, looked at the dormitory building, and then looked around, "Can you spare a few rooms? Many of our bank employees are from other places, and it is difficult to find housing."
"President Fan, how many do you want? I can't allocate too many. I can still find a dozen or twenty rooms."
Excluding rooms for other purposes, each dormitory building has a total of 417 rooms that can be used for living. There are 834 rooms in total in the two buildings. Nan Yi had left some room when he made the budget.
There are a few units in the entire capital that have no difficulty in housing. Nan Yi had already reserved some of the rooms here to do favors.
"Haha, I won't make it difficult for you. I'll give you 20 rooms. I won't let you give them away for free. Our bank will pay your Yaqing Company 120 yuan in rent every month."
Six yuan per room is the going rate for renting a house in the Beijing Housing Authority. However, good houses like dormitory buildings objectively exist but have nothing to do with most ordinary people.
"No problem. How about the second floor?"
"The second floor is pretty good." Fan Guangfu nodded.
"Someday I plan to find a calligrapher to write names for the three buildings. I plan to call the first building the low-rent building, the other one the public-rent building, and the one in Haidian District the economically affordable building." Nan Yi pointed in a direction and said, "Over there, we will build a shed for parking motorcycles and bicycles, and there will be a motorcycle repair shop next to the shed."
"Motorcycle? Not many people have one nowadays. Is it necessary to plan a parking shed for motorcycles?" Fan Guangfu asked in surprise.
"President Fan, the people who can live here have salaries that are not too low. If we grit our teeth and scrape together a little, we can still afford a motorcycle worth two or three thousand yuan. We must make a reserve now."
"That's right. With the salary of the employees of your Yaqing Company, you can buy it if you save it for a year." Fan Guangfu took off his safety helmet, stroked his sparse hair, and said, "We've seen the construction site. Let's find a place to sit down."
It is easier to find a coffee shop or music tea bar in Beijing today than to find a teahouse. Nan Yi and Fan Guangfu found a nearby coffee shop and sat down.
"The reason I came to see you today is because most of the money in your Yaqing Company's account has been spent."
"President Fan, do you want to send someone to follow me every day? I have a passport in my hand. If you are not careful, I will run abroad at any time." Nan Yi said with a smile.
Fan Guangfu said with great joy: "Run, I wish you could run. If you run away today, I will send someone to take over the Yaqing Company tomorrow, and by the way, I will ask your grandmother to pay the debt."
"Hahaha, President Fan is fearless."
"Without some guarantee, how can I dare to lend you such a large sum of money? In fact, our bank is very optimistic about the Yaqing project, and someone in the bank has proposed to convert part of your loan into shares."
“Debt-for-equity swap?”
"Yes." Fan Guangfu nodded.
"It's not very feasible. Some time ago, Genzhengmiaohong Company sent a notice to your bank. President Fan, have you read it?"
"Add notifications of changes in shareholders and shares?"
Nan Yi nodded, "Yes, we have added a new shareholder. You should know her name, but you may not know that our company transferred the shares to her according to the valuation."
"How many?"
"45% of the shares, $38.7 million, it's not just the money, there are other conditions attached."
Fan Guangfu took a deep breath and said, "So, Genzhengmiaohong's valuation has reached 86 million US dollars?"
"Yes." Nan Yi nodded, "No matter what the official exchange rate is, if your bank wants to swap debt for equity, we will only recognize the figure of 8 million RMB when converting the 80 million RMB loan into US dollars.
Moreover, we will not agree to your bank converting all loans into shares. As a manager, I can only accept the transfer of 5% of Genzhengmiaohong shares at most, and the number that shareholders can accept should be even smaller."
"The shares are too small and the conditions are too harsh. As for the conversion rate you mentioned , our bank will never agree to it. We only accept the official exchange rate."
"So we can't reach an agreement. In fact, we have no plan to absorb other shareholders. Recently, the company is discussing the issue of capital injection, and we will have a new plan soon."
"Can't you fight for it from the shareholders?" Fan Guangfu said unwillingly.
"President Fan, Genzhengmiaohong is not Yaqing Company. The initiative is in the hands of the four shareholders. Even if your bank acquires shares and becomes a shareholder of Genzhengmiaohong, the other shareholders are not short of money. If they launch a financing plan, for example, to raise 100 million US dollars, will your bank follow or not?
If you follow, you pay the money. If you don’t, your shares will be diluted. Financing can come once or several times. After several financings, your bank’s shares will be diluted to only a little bit, and you will have no say in the company.
After this, whether your bank will become a Taiping shareholder or a sucker will depend on the mood of the shareholders.
Abroad, there are many ways to play with capital. As long as the capital is strong, there are many reasonable and legal means to swallow up your bank's shares.
If Genzhengmiaohong has one or two failed investments, it could become insolvent in an instant. If a shareholder proposes to sell Genzhengmiaohong together with its debts for $1, will your bank agree or disagree?"
"Just to frame our bank, other shareholders will suffer losses along with us?" Fan Guangfu said in disbelief.
Nan Yi stretched out his left hand, with the other fingers bent and only the pinky raised, and said with a smile: "As I said before, the shareholders have strong capital and naturally many industries. In their eyes, the only thing that matters is this pinky finger. If we cut it off, the nutrients can be delivered to the other four fingers. It may seem like a loss, but the meat has always been in their pot and has never left.
Business is still done as it should be done. I will just do a little bit of manipulation and eat up your bank's shares to fill my teeth. Why not do it?"
"This...Xiao Nan, you are not exaggerating the facts?"
"No, I embellished it to make it sound less harsh to you, President Fan."
Nan Yi didn't want to do any debt-to-equity swaps at all, so he said an "objective fact" that seemed reasonable but was actually unlikely to happen.
What kind of hatred or grudge would make the major shareholders go to so much trouble to deal with a small shareholder?
Honey, that's not business, that's revenge.
Fan Guangfu hesitated for a long time before saying, "Okay, I'll think about this matter again."
"From my personal standpoint, I don't recommend that your bank conduct a debt-to-equity swap."
Finally, Nan Yi said this as a summary, ending his discussion with Fan Guangfu.
…
One day, Nan Yi was doing morning exercises in the park when he suddenly realized the secret of Murong family's unique skills. He used one move and the calendar started rustling. Pages turned forward one after another until the page of May 23. After shaking stubbornly a few times, it did not go with the flow and stood there firmly.
"Hello, Yaqing Company, Nan Yi."
"I, Chen Feng, will find a place to sit tonight."
"Didn't you go to Xiangkeng?"
"It's been two days since I came back. It's not convenient to talk on the phone. Let's talk tonight."
"For the decision just announced today?"
"We'll talk about it tonight."
"Go to my place."
"OK."
After hanging up the phone, Nan Yi went to the low-rent building, holding a small hammer and hammering here and there. He also studied the circuits in the corridor to figure out which lines the electricity for the lights came from.
The shared electricity bill for corridor lighting is a place where arguments can easily arise, and it is necessary to figure out how to charge the electricity bill reasonably.
The house was already built by Yaqing Company, but the company could not bear the water and electricity bills, two expenses that are not counted. For most people, paying for it or not paying for it is completely different. If Yaqing Company bears the water and electricity bills, no one in the building would dare to leave the lights on all year round, and it would be too troublesome to turn off the faucet.
Within two years, the water and electricity fees used can be used to build a new dormitory building.
After spending a day in the low-rent building and not finding any particularly obvious defects or omissions, Nan Yi could now wait for people to move in with peace of mind.
There is no need to worry about formaldehyde. The furniture in the room is fixed with tenons and bamboo nails. No wood glue or foreign nails are used, and it has never been painted. It is just pure green. The doors and windows are painted, but the paint has been passed through the wind at the furniture factory.
Otherwise, there were not many materials in the room that could emit formaldehyde, and the dosage of formaldehyde was very small, at least much less than that of rooms that had undergone various formaldehyde removal operations in later generations.
When Nan Yi returned to the old house, Chen Feng was already there, teasing Nan Wuwei next to the crib.
"You reek of cigarettes. Stay away from my son."
"I say Nan Yi, let your son recognize me as his godfather."
"Forget about being a godfather, do you want to be a godbrother?"
"That's fine... Fuck, you're taking advantage of me." Chen Feng came to his senses and spat.
"Come and sit down. Have something to drink. I have yellow, red, beer, or white wine. We have them all here." Nan Yi said as he sat at the dining table.
"Don't we have tiger blood wine? Let's drink that."
"No more. I've already finished mine. Don't bother with the remaining jar. It's something someone else left with me. You can pick any one from Scorpion, Sky Dragon, or Seahorse."
"Tianlong."
"become."
Nan Yi stood up and took out a glass jar from the space under the stairs. Through the outer wall, he could see several large centipedes soaked in the jar.
"Why is this centipede so big?" Chen Feng exclaimed when he saw the glass jar in Nan Yi's hand.
"Red Dragon, the largest centipede in our country, is not very toxic, so just drink it. Next time, I'll give you a bottle of wine soaked in red thorns, so you can drink to your heart's content."
"Can you drink it?" Chen Feng asked.
"I don't know. Maybe I won't die."
"Beating sex."
Soon, Liu Zhen brought the dishes to the table, and Nan Yi and the other man drank and chatted.
"Have you seen the decision just issued today?" Chen Feng said after taking a sip of wine.
"I see. It's none of my business. Liu Zhen is stuck at the county regiment level, so she doesn't fall above that. Also, I happen to work in a joint venture, so I'm an exception to the decision."
Chen Feng said depressedly: "It's none of my business. Penzi International is a foreign-invested enterprise. My father wants me to withdraw my shares. Alas, the business is booming."
"Refund it if you want. I'll tell Ruoyin to cancel the business she's doing, and then close the company's account. You can go to the Universal Bank to open an account, and after the liquidation is completed, I'll transfer your money to your account."
"Okay." Chen Feng nodded and said, "Help me think about it. How should I spend so much money?"
"Don't ask me, go back and ask your father."
"My old man asked me to ask for your opinion."
"Hmm?" Nan Yi was stunned for a moment, then he returned to normal, "Leave a little money for spending, and use the rest to buy government bonds."
Chen Feng gave a thumbs up and said , "It's the same as what my grandfather said. Your awareness is beyond reproach."
"Oh."
Nan Yi smiled faintly, raised his glass and clinked it with Chen Feng.
After they finished drinking, they refilled their glasses.
Chen Feng ate a few bites of food to sober up, "I'm going to London next month. I haven't seen that tomboy Xu Li for a long time. It's a good opportunity to go and see her."
"You have a lot of foreign trade business in Central China?"
"It's not much. Who asked me to be in charge of this? It's a lot for you to hear." Chen Feng said, and suddenly said: "Give me the key to your house later."
"Didn't Xu Li tell you that the key is with her?"
"No."
"Oh, just ask her for it."
"Do you have anyone in London? I'm going there to discuss business this time, and I need someone who is familiar with London to help me with the process."
"It's hard to guard the gate, so there are people who can act as guides. Go to a restaurant called Longmenzhen on Juelu Street and look for a girl named Dai Xiuxiu. You can ask her for help if you need anything."
"Your restaurant?"
"Yes."
"Your business is global, and you've even opened a restaurant in London. You're amazing."
"Food is the most important thing for people. In the next ten years, it will not be difficult to run a restaurant."
"Then I might as well open a restaurant."
"You can't even run a business, and you're still thinking about opening a restaurant?"
"I mean abroad."
Nan Yi shook his head and said, "You have to keep an eye on the restaurant yourself. It's hard to manage it when you're not there. You'd better stop messing around."
"Then how can you do it?"
"I can't either. I have others watching over me."
"Let's talk about it later while I investigate the market. Oh, I almost forgot." Chen Feng said, walked to the sofa, picked up his bag, took out a can of drink from it, walked back to the dining table, and put the drink on the table, "Take a look, does it look familiar?"
Nan Yi took a look at the beverage can, then took it in his hand and examined it carefully, "It's fake, where did you buy it?"
"I bought it at a small shop next to my company. I asked the boss for you. It's selling very well. We can sell more than ten cans a day."
"What's the price?"
"Three."
Click!
Nan Yi pulled the ring down, put his nose close to the can and sniffed it, then poured some drink on the table and carefully identified the color of the drink.
Suddenly, his face turned ugly.
The counterfeiter was very attentive. The printing on the beverage can is fine, but the craftsmanship is a bit poor. The taste of the beverage is fine and smells almost the same as the real thing. The color is also fine.
There is no need to try whether it tastes the same. How many consumers out there have tasted the authentic Xiongqi?
Xiongqi has not officially started production yet, and the amount of Pepsi cans is very limited. Ninety-five percent of it goes abroad, and the remaining half is mostly in the hands of athletes. The most that have been sold are only a few cans.
But even with such a small quantity, how could it still fall into the hands of counterfeit dealers?
There are only three outflow channels: Pepsi factory, athletes, and Wenchangwei. Problems with the first two channels are not a big deal, but if the source is Wenchangwei, it would be a big deal.
"Thank you."
"It's okay. My old man told me that fake drugs are rampant in Hu Jian's area, and the country will soon focus on cracking down on them."
"It should be cracked down on. It's fine if it's just counterfeiting clothes and shoes, but they even dare to counterfeit medicines. Human lives are at stake, so it must be dealt with severely. Those involved in counterfeiting should be sentenced to at least ten years, and all the ringleaders should be shot." Nan Yi said angrily.
There was no need to do any investigation. After a little thought, Nan Yi guessed that the person pretending to be Xiongqi was 99% likely from Hu Jianwenling's side. There were only a few can production lines in China, and Nan Yi knew exactly where they were and which company owned them.
Not everyone can come up with a formula, and it's impossible to get a can-making machine from abroad without some capital. It just so happens that Wenling, a city that has turned fake drugs into an industrial chain, has both of these qualities.
"Wen Ling, Xian Jijie, it's better not to be you."
Nan Yi was thinking how to deal with this matter.
"Let's not talk about this. The higher-ups have their own considerations. They will definitely not let them off easily this time." Chen Feng said when he saw that Nan Yi was a little distracted.
"Yes, let's not talk about this, let's drink."
Nan Yi put the matter aside for the time being and concentrated on drinking with Chen Feng while chatting about trivial matters.
"Have you ever eaten roasted century eggs?" Chen Feng asked.
"I haven't tried it. Have you tried it?"
"I haven't tried it either, but I've seen it in photos. A few days ago, a German photographer came to our place and took a lot of photos of snacks, including roasted century eggs, deep-fried dried tofu, black steamed buns, and pickled lettuce that looks like pig food. Apart from this, the others look delicious."
"I know everything else, but I've never heard of this roasted preserved egg before. Is it roasting it over fire?"
"I think so. Look at the photos. It looks like it."
"Then let's try it some other day. Speaking of weird delicacies, we actually have quite a few in our country. Hu Jian has dried field mice; Jinling has live pearls, which are chicken embryos; and in Guangxi Province, there is raw pork, which can be eaten directly with sauce."
"Eating raw pork? Can it be delicious?"
"Local people think it tastes good, right? Different places have different eating habits. Take Gaomo for example. If you change it to other places, people will still dislike it. It's just tea foam, how can it taste good?"
"That's true."
The two chatted idly until they had almost finished drinking and it was about time, so Chen Feng said goodbye and left.
"What are you going to do about the drinks?"
As soon as Chen Feng left, Liu Zhen pointed at the drink can on the table and asked.
Nan Yi slammed the table and said, "Investigate thoroughly. I want to see who is betraying me."
