Huayu started as a substitute director

Chapter 345 Strategic Significance
The office was quiet for a moment. President Sun took a sip of tea and flipped through the asset certificate given by Fang Hong.

I just took a quick glance and was able to get a general idea of ​​the situation. We had communicated with them in advance and had also investigated the turnover of principals over the past month.

President Sun closed the document and said, "Mr. Fang, I will get straight to the point."

Fang Hong was silent and motioned for him to speak.

"Your film and television company is very profitable, but it has few assets. Film and television cannot be used as a basis for loans. Copyrights can be used, but the value is not much. This needs to be discounted accordingly, and we are more cautious about this."

President Sun explained the situation, meaning that Yutu could borrow money, but not much.

He paused and continued, "Besides, your Chang'e company is completely loss-making and has only been in operation for a short time. We cannot assess the company's repayment ability.

According to regulations, to grant a loan to an enterprise, the enterprise must have been established for at least two years.

Chang'e was established not two years ago, but only last year, which is too short a time.

"What if I take out a personal loan and pledge my equity?" Fang Hong said.

"Apart from equity, do you have any personal assets? Houses, cars, etc., as long as they are fixed assets, I can be lenient with you in this regard." President Sun flipped through the information again and did not see any personal assets of this person.

He saw that the principal had good cash flow and no problems with his credibility. He was a high-quality user and there would be no problem in leveraging his capital.

"No!" Fang Hong shook his head.

This made President Sun look at him in surprise. Such a big boss, but no house?

You said you could buy a house worth 500 million.

"In view of your situation, taking into account share pledge, working capital, credit, guarantees, etc., our bank can lend you a maximum of 18 billion yuan." President Sun gave a number.

This is higher than the figure Meng Jun gave at the beginning. In essence, Chang'e is not worth much in the eyes of the bank because the company was established not long ago and is still in a loss-making state.

Yutu has been established for more than four years and its operating condition is very good. It has a low debt ratio, large amount of working capital, assets such as copyrights and equipment, and also land.

In the eyes of the bank, Jade Rabbit is more valuable than Chang'e.

You said that Chang'e is large in size and has great potential, but that is not within the bank's consideration. It will only evaluate and lend you money based on your existing business and asset conditions.

To put it bluntly, it means not taking any risks. If you go bankrupt, it will depend on whether you have anything to pay off your debts. Chang'e obviously does not have that.

Fang Hong has worked hard for so many years, but in the eyes of the bank he is only worth 18 billion. He doesn't know whether to laugh or cry.

Of course, if it is a valuation, his assets must be worth tens of billions, including Jade Rabbit!

Of course, the bank cannot compare with the valuation. The valuation is just an estimate. It may just be talk, but they are not really giving money.

The bank people really gave the money.

"Okay, thank you President Sun." Fang Hong stood up and shook hands with the other party.

"Mr. Fang, you can contact me directly if you need anything." President Sun still wanted to lend him money. After all, he had a good reputation and Yutu's business was doing well.

"it is good!"

Fang Hong nodded, then signaled Gao Zhun to see the guest off.

Liu Tianxian listened to their conversation throughout. After they left, she sighed, "Your Jade Rabbit is so worthless!"

She recently heard that Huayi’s market value is about to rise to 20 billion, which is a huge gap.

But in her eyes, Yutu is stronger than Huayi.

"What do you think? I've worked so hard for so long, but in other people's eyes, I might not be as valuable as you." Fang Hong laughed at himself.

"How could it be?!" Liu Tianxian was surprised.

“People look at visible assets, such as fixed assets, cash flow, stocks, etc. It is these visible things that are evaluated for you.

People don’t look at invisible things, such as how many movies have been made or how much a movie can earn at the box office, because these things are uncertain and cannot be estimated. To put it nicely, they are movies, but to put it bluntly, they are data on a hard drive. ” Fang Hong explained to her.

"That's better than me!" said Liu Tianxian.

She didn't really understand these things, but she heard about how much a company was worth, how much a movie was worth, and they were all in the billions or hundreds of millions.

But if it becomes real gold and silver, it will depreciate and become worthless, which is also a reality.

If it is a financial market, those investors will really invest based on valuation, but that requires equity and dividends, and they want you to make money for them.

When banks lend money, they require collateral, not equity. These are two different things.

"Not necessarily. You have a house and a car, which are very valuable in the eyes of the bank. And you are also very valuable in the eyes of the bank. A person's value is also something that can be seen in the eyes of the bank." Fang Hong said.

Liu Tianxian probably could understand it, just like when she made money, she bought houses and cars. Recently, she bought a manor and a luxury car. These are things that can be seen and touched.

Fang Hong's things cannot be seen or touched.

The two people's ways of spending money are completely different. Fang Hong is constantly expanding his business empire; Liu Tianxian is constantly expanding his fixed assets.

Of course, if you buy too many fixed assets, you will need money to maintain them, such as houses and cars, which also have certain expenses every year.

Liu Tianxian asked: "Is literature really important to you?"

Forgot for a moment what it was called.

"It's very important. It's an important part of my entertainment sector. It's the basis for my future success in the entertainment field. It has strategic significance in curbing competitors." Fang Hong said seriously.

In addition to social networking, Tencent has failed in e-commerce, short videos, Weibo, search, and education. There are countless examples of failure.

But he is good at big entertainment, and he doesn't want to have more strong competitors in his field in the future.

I also don’t want to make an animation like "Fights Break Sphere" or "Perfect World" in the future and have to go to Tencent to buy the copyright.

You know, animation is also an important part of the video track. Tencent is able to surpass Youku and iQiyi in this area. Even Kuaikan, which specializes in animation, is not its opponent. The novel IP accounts for a lot of the credit.

Because novel IPs already have a user base, as long as they are adapted and put online, there will be no worries about no one watching them. The same goes for film and television. As long as they are made, people will watch them.

Novel adaptations will be a trend in the future!

After hearing what he said, Liu Tianxian nodded and said nothing more. The main reason was that she didn't know where to get the money to help.

Unless she sold her house and car, she wouldn't be able to raise much money.

"It's okay. We still have 18 billion. I'm trying to find a solution from abroad. If that doesn't work, I'll talk to Chen Tianqiao about the installment payment." Fang Hong said.

If you take out a loan from the United States, you have to pledge Tesla stock, because Tesla stock has the highest value at the moment, and Nvidia stock has just been purchased and is not that valuable.

He can wait even if Nvidia pledges it!

But there is a problem. Once the stocks are pledged, they will be frozen and cannot be sold during the pledge period unless you repay the money.

He will definitely not be able to pay back the money next year. If he pledges his shares, he will not be able to sell them for cash next year.

So this has always been the reason why he is unwilling to touch the assets in the United States. If the flower-growing family cannot afford to borrow, the stock pledge will be frozen, and the flower-growing family will have no money next year. He is Chinese, so people are somewhat cautious about him. His domestic assets will definitely not be recognized because they cannot control them. They can only control his assets in the United States.

So this is why he has always wanted to borrow money from the country. At least when he sells, he can inject a large sum of money into Chang'e Technology.

It is equivalent to borrowing 50 billion to acquire Shanda Literature, and injecting tens of billions more into its development!
Chang'e Technology only needs to pay interest to domestic banks, it's that simple.

If it comes from the United States, there is no way to sell it, and the flower growers will also be tied up and have to pay off the debt every year.

When the loan matures, he will have to transfer funds from the country to repay the US debt in order to rescue the stocks.

This is a long time span, and the money will certainly not be repaid in the next two years, which will hinder development. Next year, there will be less large amounts of funds injected into Chang'e Technology, and the funds on both sides will be in a tight state.

So this is the reason why he has never wanted to borrow money from the United States. The amount is too large and not easy to borrow.

Whenever you borrow money, it involves pledge and certificate, and people will definitely prevent you from running away.

If that doesn't work, talk to Chen Tianqiao about paying it back in installments over two to three years, plus interest. This is also a solution.

In fact, Chen Tianqiao has very limited choices. If Fang Hong can't buy it, the other party can only sell it to Penguin, so the installment payment can still be discussed.

Let them fight it out for now. If they take over too quickly, they will have to face Internet companies like BAT, which will be quite troublesome.

I’m just afraid that Shanda Literature will be seriously damaged by the fight, and it would be a mess if I took over.

At 6:15 a.m. on June , the Shanghai International Film Festival opened at the Shanghai Grand Theater.

Just like last year, the place is full of stars, and all major film crews will come here to show up, promote their own films, and hold press conferences.

There is reason to suspect that the film festival chose this time period so that major crews can bring in celebrities for publicity and exposure, and to add star power to the festival.

Because this is the purpose of this film festival.

Yutu did the same, sending crew members from Now You See Me and Ex-Files to promote the show.

The post-production of "Now You See Me" has been completed. The main creative team is Fang Hong, Liu Tianxian, Duan Yihong, Zhang Songwen, Xie Miao, Zhu Yilong, etc., and the lineup is quite luxurious.

After all, Zhang Songwen has just become popular, and with the release of another movie, the popularity can still be maintained.

The main creators of "Ex-Files" are Wang Ran, Li Xian, Cai Wenjing, Mao Xiaotong and others.

These two movies are promoted during this period in order to be released during the summer vacation, and Fang Hong also plans to attack from both sides.

However, the release dates for these two films have not been announced yet, and the promotion of Now You See Me has just started. Fang Hong is waiting for Boss Yang's Blind Detective to be announced first, and he is trying to interfere.

Let Boss Yang also have a taste of what it feels like to be an outsider.

As for what you said about offending people like Liu Tianwang and Du Qifeng, Fang Hong doesn't care at all.

At his level, there's no need for him to care about other people's feelings.

The movie "Ex-Files" is not a blockbuster, it was just used to scare Fatty Yu. Fang Hong knows about this movie, but others don't.

It's either a blank shot or to scare the other party.

Bona will also release a movie during the Chinese Valentine's Day, called "The Untamed", which is a wholly-owned project.

At 6:30 it was dark and the red carpet ceremony began.

In "Tiny Times", Guo Xiaosi was surrounded by a group of handsome men and beautiful women including Yang Mi and Guo Biting, and walked on the red carpet amid the cheers of fans.

The red carpet is not very long, only about 15 meters, and it can be walked across in a few steps, so they have to walk slowly.

Anyway, usually several people from a crew travel together, so it is easy to arrange.

In addition, Li Xinai also appeared on the red carpet in Zhou Milk Tea's "The Rooftop".

"Blind Detective" starring Liu Tianwang, Sammi Cheng and Du Qifeng; "Monsters University" starring Xu Guangtou and He Jiong; "New Police Story 2013" starring Fang Long, Jing Tian and Liu Ye; and "Special Identity", another movie by Jing Tian, ​​together with Yuzhou Dan.

Jing Tian has long hair and wears a white dress, looking as beautiful as a white swan. This era is so beautiful.

There are also "Ace" starring Singaporean stars Fann Wong and Li Mingshun, "Iron Blooded Girls", "Tai Chi Man", "Love Never Dies" and so on.

From this point of view, Shanghai is really inclusive.

However, it is difficult to win an award. None of the films that won awards in this year's main competition were from mainland China, and the awards were basically evenly divided among all countries.

There were too many crews coming to the Shanghai Film Festival, including many celebrities with or without works, and some came to show their support:

Chow Yun-fat, his wife, Tsui Hark, Nansun Shi, Zhou Dongyu, Dong Xuan, Bai Baihe, Zhu Dan, Charlene Choi, Zhang Hanyu, Wang Likun, Zou Zhaolong, Bao Beier, Xu Jiao, Yan Danchen, Fatty Yu and his Hong Kong stars, Mr. Wang and his Huayi team, etc.

There is also Karen Mok holding Keanu Reeves' arm; Yu Nan holding Tom Hooper's arm, etc.

The foreigners all had female companions, and Yu Xian also had a female companion, so Tang Yan took his arm and walked down the red carpet with him.

“The person walking towards us now is the internationally renowned director Yu Xian. His film The Fault in Our Stars is currently a big seller internationally,” the host announced.

Reporters on both sides, carrying cameras and long guns, kept taking pictures of the two people, and their lights kept flashing.

The audience also burst into cheers, but no one knew who they were cheering for.

Tang Yan has fair skin and looks dignified and beautiful in a pink gauze dress. When she smiles, her cheekbones are high on both sides of her face, which does not affect her beauty at all, but makes her very recognizable.

I don’t know why they arranged such a beautiful girl for Yu Xian. Maybe they were afraid that he has no mass base here and no one would cheer him, which would be embarrassing!
They are international friends and returnees, so it is normal for them to receive some special treatment.

Yu Xian was dressed in a suit and tie, smiling and waving to the audience on both sides, like a leader. He felt a great sense of accomplishment. As soon as he arrived in Shanghai, he was warmly received by the organizing committee.

They also arranged food and lodging for him, and arranged for such a beautiful lady to walk the red carpet with him.

Back when he was still a loser, Tang Yan had already become famous in The Legend of Sword and Fairy 3. At that time, this woman looked very beautiful, and now he is the object of her admiration.

Yu Xian walked and whispered: "Do you know Liu Tianxian?"

"I know him, but I'm not familiar with him." Tang Yan said softly, and she was a little excited inside, mainly because he was an internationally renowned director.

Her current relationship with Liu Tianxian is that of mutual admiration. The two met while filming "Red Beauty" in 14 and have been together ever since.

"You are prettier than her." Yu Xian looked at her.

These words made Tang Yan's heart beat faster. She didn't know whether she was excited or nervous. She couldn't calm down and a layer of blush appeared on her pretty face.

She quickly looked away and lowered her head, too shy to look him in the eye, her voice still incoherent: "Thank you, thank you!"

Yu Xian was like a seasoned man. Seeing her like that, he smiled meaningfully and was in a good mood.

With a high status, he can easily hook up with any woman he wants. In the past, these people were goddesses who could only be admired from afar and not touched.

What if I hang Yang Mi?

　One more chapter

　　
　
(End of this chapter)