Unlimited modification of Shenhao
Chapter 304: Going the opposite direction (page 13)
The next day, Qi Sheng sent Tan Huan and the others away and accompanied the old couple to visit West Lake.
He went to the Banyan Tree Group headquarters to listen to Chen Ye's work report.
It is called the headquarters, but it only rents 3 floors in Building C of Bodi Center.
The business focus of Banyan Tree Group is on hotels in various locations.
"Boss, the group's financial situation is good right now. With the $2 million loan we just received from overseas and the $8 million you invested, we can open at least five new Banyan Tree stores in China!"
Chen Ye was also shocked by his boss's generosity.
The investment of US$8 million immediately gave Banyan Tree Group sufficient financial resources for expansion.
At Qi Sheng's request, Banyan Tree Group's development strategy changed to building its own hotels.
Although it is time-consuming, labor-intensive and costly, the benefits are also huge.
All profits from the hotel’s operation belong to the group and no dividends need to be distributed to the owners.
With the average occupancy rate and room rates of Banyan Tree Group's brands, many owners are vying to work with them.
It can not only increase the brand awareness of their properties, but also make a lot of money from the hotel business.
Even hotel groups such as Four Seasons, Hilton, and Marriott are far behind the outstanding performance of Banyan Tree Group.
"I am very confident that Banyan Tree Group will be handed over to you. You can make the decision on this matter yourself. Please contact me unless there is something you cannot decide."
Qi Sheng was well aware of Chen Ye's abilities and loyalty, so he was naturally happy to be a hands-off boss.
“Thank you for your trust in me!”
Chen Ye stood up and bowed, his eyes full of gratitude.
As a professional manager, you are so lucky to meet a boss like Qi Sheng.
Of course, Chen Ye is also loyal to Qi Sheng and does his job conscientiously.
"By the way, I heard you say before that the Four Seasons Hotel Group made a takeover bid for our group?"
Qi Sheng asked with interest.
"That's true. The valuation offered by Four Seasons Hotel for us is 40 billion US dollars."
Chen Ye nodded and said, "But they want to complete the acquisition in the form of equity exchange. They value themselves at 60 billion US dollars."
"If the offer is accepted, Four Seasons will have a dominant position in the combined company."
"Their target is obviously our sleep products, which is also our group's biggest advantage."
"It's not impossible to merge, but the priorities need to be reversed."
Qi Sheng smiled playfully, "Wouldn't it be interesting if we took over the Four Seasons Hotel?"
"Ahem, Boss, the market value of the Four Seasons Hotel is much higher than ours."
"Taking into account the possible premium of the acquisition, the actual acquisition price may be close to tens of billions of US dollars."
Chen Ye was stunned for a moment, and quickly tried to persuade Qi Sheng, who had such wild ideas.
“Premium?”
Qi Sheng smiled disapprovingly.
He has the power of compulsory acquisition, so no one can take advantage of him.
After injecting US$8 million into Banyan Tree Group and US$2 million into Zhuangyu Catering.
He only has 10 billion U.S. dollars left in his hands.
Even if Banyan Tree can raise 10 billion US dollars.
All together, it’s only 20 billion US dollars.
It just reached 1/3 of the market value of Four Seasons Hotels.
"There is still a shortfall of 40 billion US dollars..."
Qi Sheng frowned slightly, wondering where he could get the money.
The shares of La Wang have been pledged to Temasek.
He also used the equity of Zhuangyu Catering and miHoYo as collateral for the US$30 billion loan previously provided by CCB.
Among all the companies under his name that are still valuable as collateral, only Pop Mart and Universe Entertainment are left.
Pop Mart is about to go public. If he, as the largest shareholder, pledges his shares before the listing, it will probably cause all kinds of suspicion in the market.
The performance of Universe Entertainment is indeed very good.
But Qi Sheng had never considered raising funds from outside, so it was not easy to use it as collateral.
"boss?"
Chen Ye looked at Qi Sheng, frowning and thinking, and called out cautiously.
"Ok?"
Qi Sheng came back to his senses and looked at Chen Ye with some confusion.
"If you really want to acquire the Four Seasons Hotel, Banyan Tree Group can mortgage the West Lake Hotel and should be able to raise $100 million."
Chen Ye calculated the fixed assets under the Banyan Tree Group and found that the West Lake Hotel was the most valuable.
"Property mortgage?"
Qi Sheng suddenly realized that he had almost forgotten the long list of high-quality fixed assets under his name.
Chengdu Twin Towers, market value of 45 billion.
Shengxuan Financial Center, market value of 15 billion.
Building 1 of Pudong Financial Plaza, market value of 30 billion.
Jingyao Qiantan, market value of 20 billion.
Except for Lawang’s property, it is not easy to operate.
The market value of these four buildings alone reaches 110 billion.
Including the West Lake Hotel, the total is close to 120 billion.
In addition, Qi Sheng has properties in Singapore and Milan.
Including airplanes and yachts, nothing can be mortgaged.
With these high-quality collaterals, it is naturally easier to raise funds from banks.
Even if you mortgage 20% or %, you can still get billion US dollars.
Qi Sheng's mind opened up instantly and his expression became more relaxed.
As for the remaining 20 billion US dollars, let Jin Ying go back and look for her aunt.
After all, he is a half-relative, so he can get some sponsorship, right?
"Mr. Chen, please don't make the acquisition of the Four Seasons Hotel public for the time being. Don't use the funds in the group's account in the near future."
After Qi Sheng gave the order, he hurried to find Jin Ying.
"Uh... boss, are you serious?"
Chen Ye watched Qi Sheng leave in amazement.
But think about the fact that the old luxury hotel group, Four Seasons, is about to be merged into the Banyan Tree Group.
"Boss is awesome!"
This was Chen Ye's most sincere emotion, without any suspicion of flattery.
……
The banks of West Lake are crowded with tourists.
When Qi Sheng arrived, he saw his girlfriends and his parents surrounded by a group of people.
Who can blame them for being so beautiful?
Pick any one of them, and she is the goddess in the hearts of thousands of men.
Even the worst Tang Qian is a high-quality beauty picked from thousands of miles away.
In school, she is the most beautiful girl in the department.
If you are in a polytechnic school where there are more people than places, it is not impossible to find a campus beauty.
"husband!"
When they saw Qi Sheng appear, many male compatriots who were watching the beauty instantly became jealous.
Damn, there are such handsome guys in the world?
"Wait a minute, husband?"
I was still immersed in the shock of Qi Sheng's appearance, when suddenly I saw a group of beautiful women surrounding Qi Sheng.
It's not hard to tell from the smiles on their faces that this guy definitely has more than one affair!
"Could this guy's last name be Gong?"
Some people are still defending the goddesses.
It's because they really can't accept the fact that so many goddesses are part of the harem of one man.
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