My 1999
Chapter 739 He can take his place
Jiang Xiaoyang was also very happy.
"Except Sanjiu Medicine, Sanjiu Health Network, and Sanjiu Pharmaceutical Chain Store, all others have been cut down. Only pharmaceutical-related industries will remain."
Xu Liang nodded.
Removing the rotten meat and retaining only the most valuable core companies is indeed a good way to turn things around.
"How much is the total debt of Sanjiu Group?" Xu Liang asked.
"US$19.1 billion, including US$9.8 billion in bank loans. According to the company's investigation and assessment, by selling the remaining assets of Sanjiu Group, the debt can be reduced by at least 9 billion Chinese dollars.
In addition, we can negotiate with creditors for the rest and reduce the debt repayment pressure of Sanjiu Group through debt extension, debt-for-equity swap, etc.
Finally, capital was injected into Sanjiu to restore its normal operations and development and improve its solvency.
The entire project only requires about 2 billion Chinese coins to be put into operation. "
"Sanjiu Group has outstanding advantages and difficulties. Besides us, there should be other organizations that would also be interested?"
"Indeed, there are quite a few. Modu Industrial Group, Fosun Group, Deutsche Bank, China Resources Group and New World Group are all interested. They are also the most powerful competitors." Jiang Xiaoyang said.
After Xu Liang pondered for a moment, he picked up the third document.
A smile appeared on his face.
"Shunchi, I have been paying attention to it for a long time."
Ordinary people know Sun Hongbin mostly because of his unrepentant dedication to Boss Jia, burning 16 billion Huaxia coins in the process of suffocating his dreams.
"I have always been optimistic about Lao Jia. Lao Jia is a good man, forward-looking, and a very rare entrepreneur with entrepreneurial spirit."
Then Boss Jia became a fun person who said, "I am in North America and will return to China next week."
While investing in LeTV, Boss Sun also spent 43.844 billion yuan to acquire 91% of the equity in 13 cultural tourism projects under Wanda Commercial.
At the signing ceremony, Boss Sun smiled brightly.
"Lao Wang is the outstanding entrepreneur I respect most."
Two years later, the epidemic hit, real estate prices plummeted, and Boss Sun was trapped.
But Boss Sun’s generosity goes beyond these two items.
In 2019, when Boss Lu of Oceanwide Group fell into the dust, Boss Sun spent 15 billion Chinese dollars to acquire Oceanwide's Beijing real estate project and the Dongjiadu land parcel in the magical city.
There is no need to go into details about what happened after 19 years.
So is Boss Sun the timely and good shopping mall boss in Jin Province that everyone thinks he is?
Boss Liu has the most say on this point.
When Sun Hongbin, who had a baby face, graduated from Wudaokou College and joined Lenovo, Boss Liu's titanium alloy dog eyes immediately fell in love with this handsome young man from Jin Province.
I think he is very down-to-earth in his work, willing to work hard, and dare to do whatever it takes to achieve a goal. He has the spirit of the people of Shanxi Province who "will not give up until the Yellow River is reached".
Sun Hongbin was moved and bowed her head.
"Bin Piaoling has not met his master for half his life. If you don't give up, I would like to worship him as my adoptive father."
Boss Liu also took advantage of the opportunity to accept this good boy whom he was optimistic about.
Sun Fengxian is also a capable person. After becoming the manager of Lenovo's Enterprise Department with the support of his adoptive father, he led his subordinates to establish 13 branches across the country in just two months, generating tens of millions in revenue for Lenovo.
Boss Liu was very proud of his vision, so he always supported him.
In just one year, Sun Fengxian went from an ordinary employee who just joined the company to the general person in charge of Lenovo's domestic business.
Not to mention a godson, this is what a biological son is.
But Sun Fengxian, who was in great power, became more active.
Taking advantage of Boss Liu's break to develop business in Xiangjiang, he began to establish his authority as the Sun family.
He made a rule: I am the only one in heaven and on earth.
The younger brothers shouted ‘Long live the Lord’.
But who is Boss Liu?
A scheming old comprador, a villain led by capitalism, a real man who shits in a manhole with his face facing outward.
The fledgling Sun Fengxian was still a little green in front of him.
A battle for class and power ended in Boss Liu’s victory.
In order to give Sun Fengxian a little shock in his life, he also slapped the disobedient younger brothers.
Sun Fengxian likes to mention that he sang in tears after five years behind bars.
Because of good performance, he was released a year early.
Sun Feng, who suffered a big loss, washed away all his glory and began to truly shine.
In 1994, a small real estate company called "Shunchi" was established in Tianjin.
Relying on its own abilities, Sunco has grown little by little.
By 2002, Sunchi had developed a total of 30 projects in Tianjin, with a construction area of millions of square meters, accounting for 20% of the development volume of Tianjin's real estate market.
He can be said to be the best brother in Jinmen.
Sun Fengxian, who had his own territory, joined Zhongcheng Real Estate Network initiated by Vanke Lao Wang.
This is a loose alliance formed in 1999 by mainstream developers in cities across the country.
The purpose is to ‘form a benefit platform for collective procurement, information sharing and mutually beneficial financing’.
Although none of these goals were realized, it eventually became a debate among real estate tycoons.
Whoever has a greater voice here will have more status in the world.
As the founder of Zhongchengfang.com, Lao Wang is the undoubted leader of the martial arts alliance.
Sun Feng looked at him first, returning to his old ways.
chanted.
He can replace it.
That's what he thought, and that's what he did.
In addition to verbal provocations, Sunco is also running crazy horse races across the country.
In just one year, it acquired more than ten pieces of land across the country, with a construction area of over 10 million square meters, including 4 million in the Yangtze River Delta region.
Sunchi has also grown from a local company with a few hundred employees to a national real estate company with over 10,000 employees.
By 2004, Sunco's sales reached 9.2 billion Chinese dollars.
What is the concept.
Industry leader Vanke and industry giant R\u0026F have combined sales of over 10 billion.
So Sun Fengxian did realize his dream - to be the boss.
But such extreme development comes at a price.
In order to quickly acquire land and avoid the gray area of the industry, Sunco had to quickly acquire land through high-priced auctions, which increased costs.
In order to quickly obtain cash flow and avoid a break in the capital chain, Sunco shortened the opening cycle that generally takes one or two years to an incredible six months.
Relying on extreme capital operation, Sun Fengxian led sparks and lightning all the way and became the first in the industry.
It's a pity that the weather never takes off.
In order to curb the overheating of real estate, the central government issued seven gold medals in 2004 to curb real estate loans.
Sunco has a tight capital chain.
Snapped.
broken.
As for Sunac, that happened after Sun Fengxian sold Sunchi.
Seeing Xu Liang's meaningful smile, Jiang Xiaoyang understood.
"You want to acquire Sunco?"
Xu Liang nodded.
Sunchi's business overlaps with Fuhua Real Estate, so integration is relatively easy.
"What about Tieben and Sanjiu?"
"Xiaoyang, do you know why I want to change Hongmeng's corporate structure and delegate management rights?" Xu Liang asked instead.
“Because of Hongmeng’s localization strategy.”
"This is just one of the reasons. The fundamental reason is that the company has grown too big and it is difficult to implement refined management. After all, human energy is limited. If there are too many eggs in the basket, it will be difficult to manage."
Looking at Jiang Xiaoyang who was deep in thought, Xu Liang continued with a smile.
“At our current position, we have capital and information advantages that far exceed those of ordinary entrepreneurs. Looking at the past, there are opportunities to make money everywhere.
Some people can endure it, while others cannot, such as Delong and the Sanjiu Group.
Hold every business in your hands.
Although huge total assets were obtained, it did not generate the expected huge profits.
It is even more helpless to integrate them.
Finally, as competition became more intense, it had to go bankrupt.
Speaking of which, I really admire Li Jingwei, the founder of Jianlibao. When Jianlibao was at its peak, he always stuck to the beverage industry and did not expand blindly.
If the competition for property rights were not so fierce, he would definitely be a successful entrepreneur.
Although Hanhua looks like blooming flowers now, we ourselves cannot be blind.
In particular, the investment banking business to be developed next will involve a lot of our energy. At this time, it is not easy to explore new areas.
Moreover, the wine industry, department stores, real estate and new energy are enough for us to develop.
I'm even thinking about whether to sell one and reduce the scope of business? "
"reduce?"
Xu Liang nodded and said: "Whether it is Kelong Supermarket or Huaxia Liquor Group, I always position them as world-class giants.
Therefore, taking the lead in the country is only the first step in a long journey of thousands of miles. Entering the world business world is the next step for them.
In the meantime, we have to invest a lot of capital in mergers and acquisitions.
So even though we have accumulated a lot of capital now, once we start cross-border mergers and acquisitions, the money may not be enough. "
After a pause, Xu Liang showed a smile on his face.
"Xiaoyang, you are now the COO of Hanhua. You are not only responsible for developing Hanhua's financial business globally, but also responsible for the global development strategies of Huaxia Liquor, Kelong, Nanfu, and Fuhua.
As for why I want to downsize, you can think about it yourself and let you be responsible for the management of the five giants: Goldman Sachs, Carrefour, Budweiser, Glencore, and New World. Do you think you can do it? "
"I……"
Jiang Xiaoyang was speechless for a moment.
Although she is confident in herself, she is not arrogant.
Managing companies across five major industries, all of which are world-class giants, there are only a handful of companies worldwide with such management capabilities.
"You can't do it, and I can't do it. Only people like Jack Welch, Akio Morita, Li Jiacheng, and Steve Jobs can do it."
"And you!" Jiang Xiaoyang affirmed.
Xu Liang smiled and did not refute.
As an experienced 'old guy', he has a clear understanding of his abilities.
With the experience in the previous life and the accumulation in this life, his management ability is qualified for a corporate group with a revenue of tens of billions, but he is unable to manage an industry giant like Hongmeng with a revenue of over 100 billion.
Therefore, he handed over the daily management authority early and was only responsible for the strategic planning that he was good at.
"It seems that I can only regret giving up on Tieben and the Sanjiu Group. It's a shame that I investigated so much information to convince you."
“The process of investigation is also a process of enriching yourself, and there is nothing to lose.
Moreover, these survey materials can also be put on the Snowball website to enrich our material library, and even provided to third parties in need. "
Jiang Xiaoyang nodded.
You'll Also Like
-
Football career: From winning the championship to becoming a legend
Chapter 375 14 hours ago -
Siheyuan: Cao Liang's rise
Chapter 221 14 hours ago -
Genshin Impact: Without the Eye of God, the Original Man Witnesses the Original
Chapter 1460 14 hours ago -
Pirates: I help Robin and Queen become stronger together
Chapter 194 14 hours ago -
Zerg: I am the real white moonlight in the Zerg
Chapter 182 14 hours ago -
Plant elves, popular on the Internet by planting
Chapter 362 14 hours ago -
Pokemon: Pick up the Mystical Pokémon Diancie at the beginning
Chapter 1277 14 hours ago -
Help, I've become a paper man
Chapter 318 14 hours ago -
Lord of the People: I recruited the goddess of heaven
Chapter 913 14 hours ago -
Naruto: Sukuna Jinchuriki, I am Uchiha
Chapter 194 14 hours ago