my crew is not human

Chapter 812 New City Conference

Xincheng Group conference room.

Today is the meeting between chairman Li Cheng and the general manager of its subsidiary building materials company, mainly to discuss issues related to Xincheng Group's engineering construction. It is rare that Li Xianyun also came.

He was sitting on Li Cheng's left, listening to Li Cheng's narration: "About the debt issues of various companies, that's it for the time being. Do you have any questions?"

In the past period of time, Li Cheng acquired the upstream business of major real estate companies, that is, those building materials companies and construction companies, to obtain their commercial paper business, and then obtained the pledges of the major corresponding real estate companies through the payment of commercial paper, forming a series of operation.

And behind this operation, an internal debt of up to 400 billion was born-everyone owes what they can, and there will always be some money that will not be paid off in time.

Coupled with unfinished building projects and new real estate construction, a pile of new debts has been generated.

After a series of acquisitions last year, Seazen Group has acquired more than 30 building materials companies, some of which are wholly-owned and some of which are share acquisitions.But no matter which category it is, they basically have debts, and these building materials companies also have external debts.

The only good thing is that most of the arrears are new debts and not old debts, the overall flow of funds is normal, and Yisheng Media's name is supported, so there is no need to worry about the repayment of debts.

But wasn't Hengtai also very awesome back then?
The more awesome you are, the harder it will be.

The world is going downhill, and no one dares to trust too much. Even the best companies will get nervous when money is involved.

As for Li Cheng, he also has a problem to solve, that is, the acquisition of a large number of building materials companies has caused some aspects of the business of the subordinate companies to overlap.

Originally, Xincheng Group was supported by unfinished building projects and new real estate construction, so it didn't matter if the business overlapped.

But now most of the unfinished building projects have been resolved, and Seazen Group is making strategic transformation again, and the pace of swallowing has slowed down. The rapid internal expansion itself has also brought about certain consequences of management chaos.

Various factors require them to make certain responses.

This is also the reason why Li Cheng met with the bosses of various building materials companies today - of course, because of Li Xianyun.

What Li Cheng means today is that the group will not settle the settlement for them for the time being, and the building materials companies should try their best to develop more business outside, obtain more profits, and delay the debt pressure.

The huge size requires Xincheng Group to not only step up sales, but also develop new businesses for its subsidiaries. Li Cheng hopes to reduce the group's shortage of funds through the development of various building materials companies.

But what he thought was very good. The general managers of the following companies, especially those who still retained their shares, obviously would not be so cooperative.

A general manager of a building materials company said: "The two chairman, I don't quite understand. Why did the group make such a choice when there is no shortage of funds?"

Li Cheng smiled: "This is for better development. Enterprises should not rely solely on the business of the head office to grow."

A building material boss shook his head: "Now we are not relying on the head office's business, but the head office is sucking blood from the subordinate companies."

Li Cheng raised his finger: "Old Hong, be careful with your words. This is not blood-sucking! The money that should be paid will definitely be given. We just hope that we can complete healthy self-operation without using Yisheng Media's funds."

A building material boss looked directly at Li Xianyun: "Chairman Li, I would like to ask, do you really think that with our own operation, we can repay our own debts when the group has not paid us what we should have? external debt?"

This basically means that Xincheng Group absorbs the blood of its subordinate companies and wants the subordinate companies to continue to create benefits for Xincheng Group. It is too good to think.

Hearing that the spearhead was pointed at him, Li Xianyun smiled slightly: "I don't know much about real estate, but I always believe that an excellent company must be able to complete its own healthy operation. A company that needs blood transfusion is definitely not a good company... Of course I I can understand you, after all, you have made a lot of contributions to the group before, but as we know, isn’t the purpose of opening a subsidiary company to increase profits?”

Another building materials boss immediately said: "Since you don't understand, then let me put it this way, Chairman Li, building materials companies are not second-hand dealers, and building materials also need to be produced. Now the production tasks in all aspects are very heavy, and we all need time. , energy and funds. We have already owed the supplier money, and the money that the headquarters should give us has not yet arrived. Under such circumstances, we are required to actively develop business abroad. Isn’t it a bit difficult for others? Even if we receive business I don’t have the energy or even the money to do it.”

Li Xianyun looked at Li Cheng, Li Cheng smiled and said: "That's exactly what I want to say. In the early days of Xincheng Group's construction, they were all direct purchase companies. Some of you were originally the bosses of this company, and some were not. But It doesn't matter, the point is that some of the more than 30 building materials companies have overlapping production and business. After consideration, the group believes that it is necessary to reorganize its subsidiaries to achieve the consistency of resource allocation as much as possible and improve efficiency. And efficiency Once it is improved, it means new business needs, so such a plan is set."

Reorganization of subsidiaries?
I go.

Everyone understood instantly.

The co-authorship is not because Xincheng Group has no money to pay, but because they want to use this method to force everyone to bow their heads and agree to their restructuring plan?
Everyone looks at each other.

Those who are wholly-owned by Xincheng Group are fine, what about those who are not wholly-owned?
This is also very troublesome.

Moreover, the integration of resources is not that simple. Maybe the efficiency is not improved, but reduced.

A boss looked at Li Cheng: "How do you plan to integrate?"

Li Cheng replied: "Xincheng Group will divide the existing building materials company into two parts, one of which is wholly owned by Xincheng Group and operated internally, and the other part is released to operate independently, and consider using debt as part of the assets."

After hearing this, everyone understood.

really!

It sounds good to be released to operate independently, but it is not good to say that it is crossing the river and tearing down the bridge!
But what Li Cheng meant was also obvious.

Debt can be issued as equity.

Debt-to-equity swap!

The only magic weapon for the old Lai.

Now Li Cheng has also come out to play.

For example, the boss of your company A has 500 shares, and I owe 2000 million here.Let me calculate that your company's valuation is 500 million, and 25 million is [-] points. Then I won't give you the money, and I will give you [-] points of equity.

That's right, it's not 25 o'clock, but ten o'clock. If it turns higher, how can it be called a bad debt?

No matter how the debt is calculated, the company is profitable, so it must be transferred at a premium, right?

Everyone cursed secretly in their hearts, rubbing your sister is really good at calculating.

Fortunately, although debt-to-equity swap is a way of reckless payment, it still depends on how reckless it is.

Li Cheng became a villain, and Li Xianyun started to be a good person.

He said: "Of course, when doing asset accounting, we will properly consider various factors and adjust according to the corresponding profit. Generally, we control the premium at 20.00%."

Well, it's much easier to accept this, at least it's not a scam.

However, there are still people who are uneasy.

Someone already said: "Then what about the company that went out, the project?"

It's Shen Hong.

(End of this chapter)