My 1999

"I mainly trust you."

For so many years, he has never seen Xu Liang fail in investment.

Since the big boss is optimistic about Penguin and even willing to divest Hongmeng's business to strengthen it, the future of Penguin must be very brilliant. It will not surpass Hongmeng, but it will definitely be a small giant.

For such a company in its rising period, it is definitely more cost-effective to take shares than to take money.

"How much cash reserves does the company have?"

"6.7 billion US dollars."

"So much?"

"The balance of the B round of financing, plus the money from the sale of Kunlun Company, and the dividends of Hongmeng Network Technology, add up to these.

However, at the end of this year, we have to repay the 1.5 billion US dollars debt owed for the acquisition of Vivendi Games in 2003.

There is also a 900 million US dollars debt from Universal."

Hongmeng has three main debts since its development.

The first one is a 1.5 billion US dollars ABS bond issued in 2003 with the guarantee of Bill Gates Sr. in order to acquire Vivendi Games from Vivendi.

The second is the huge foreign debt of nearly 6 billion US dollars taken over from Vivendi when it acquired three major assets, Universal Pictures, Universal Music Group and Universal Studios.

The third is the corporate bonds of 5 billion US dollars raised from the capital market with guarantees from Morgan Stanley and Goldman Sachs during Hongmeng's B round of financing.

Plus some miscellaneous debts.

The entire Hongmeng debt is as high as 13 billion US dollars.

Except for the first one, which was only borrowed for three years and will be repaid at the end of this year.

Although the second debt can be collectively referred to as "Global Debt", this group of debts includes a total of 23 debts of Global.

There are ABS bonds, convertible bonds, and corporate bonds.

The repayment period is also different.

In recent years, Hongmeng has repaid five debts of about 1.7 billion US dollars.

This year there is only one corporate bond, about 900 million US dollars.

The third debt of 5 billion US dollars is a five-year debt, which will not be repaid until the end of 2008.

"After paying off $2.4 billion in debt, Hongmeng's cash reserves will only be $4.3 billion, which is a bit too little. So Penguin will just exchange it for cash." Xu Liang said.

After two rounds of financing, he only holds 64% of Hongmeng Entertainment's shares.

The revenue of the divested Hongmeng music, film and television businesses is about the same as Penguin's current revenue. If the two are merged,

Hongmeng can get at least half of Penguin's shares.

In other words, investment institutions such as Morgan Stanley, Goldman Sachs, and Softbank will get 19% of Penguin's shares.

If Penguin aims to be global, Xu Liang doesn't mind sharing the benefits.

But in his plan, Penguin's future will be limited to the Asian market, and at most enter Africa and South America.

The entire Western market is Facebook's territory.

So there is no need to share the benefits with Morgan Stanley.

"Mr. Xu, in fact, we don't have as much money to repay as you think.

The $1.5 billion debt will of course be repaid by the headquarters, but $900 million will be shared by Universal Pictures and Universal Music Group.

Although Universal Music Group has been declining in the past two years, Universal Pictures has achieved great success under your guidance, which is enough to repay the debt."

"The Da Vinci Code" has a global box office of nearly $800 million.

"Paranormal Activity" has created a global box office of $250 million with a production cost of $1 million.

In the first half of the year alone, Universal's global box office has exceeded $2.1 billion.

In the second half of the year, there is also the blockbuster "King Kong" produced by Universal.

As long as it is not a big bad movie like "Van Helsing", it is almost certain that Universal's global box office will exceed $3 billion.

Add to that the income from TV series, DVDs, and peripheral copyrights.

Universal Pictures' total revenue this year can exceed $5 billion.

With a gross profit of 55%, it will be no problem to repay all $900 million.

"Old Xie, how much debt is shared by Universal Music Group this year?"

"About $300 million."

"Can Universal Music repay it?"

"Yes. Although Universal Music Group's business has become increasingly difficult in the past two years, it has no operational problems thanks to its huge copyright library, the rapid development of its music download business and its economic business."

"That's good."

Xu Liang looked at the time, "Old Xie, let's stop here today. My parents are returning to Beijing today, and I have to pick them up at the airport."

Before Xie Wen could speak, he had already stood up and left.

Old Xie looked at the big boss who was "fleeing in panic", and was stunned, and felt a little amused.

"If you don't want to give it, then don't give it. Why are you running?

But it looks like Penguin's potential is indeed extraordinary."

After working with Xu Liang for a long time, they already know each other very well.

The companies that can make Boss Xu hold on to them are all top-notch.

Touching his chin, Xie Wen was thoughtful.

"It would be better to get some shares of Penguin."

Although Boss Xu holds the majority of Hongmeng Entertainment's shares, as Hongmeng COO, he also has 1.2% of Hongmeng Entertainment's shares.

If he uses Hongmeng Entertainment's assets to exchange for Penguin's shares, he can also share Penguin's future profits.

After leaving Wangjing Building, Xu Liang breathed a sigh of relief, but soon patted his head with regret on his face.

"It's a mistake, it's a mistake, I'm too concerned."

"Boss Xu, what are you doing...?"

Lv Hui asked in surprise.

"You shouldn't have left in a hurry just now. With Lao Xie's cleverness, he must know that I like Penguin. If I divest Hongmeng Entertainment in the future and don't get some Penguin equity, I'm afraid this guy won't let go."

"If you have a tougher attitude, Mr. Xie will definitely not stand up to you."

Xu Liang smiled.

Although if he takes a tough stance, Xie Wen will indeed agree.

But if you eat alone, it will be difficult to survive for a long time.

Especially when Penguin develops, this matter will become a problem between the two.

The bigger the penguin gets, the bigger the pimple will get.

The two of them were no longer as close as before.

This is what he doesn't want to see.

Therefore, if Xie Wen is really interested, he will still share some equity.

"what time is it?"

"11:05, there are still fifty minutes until uncle and aunt's plane lands." Lu Hui said.

"Gangzi, drive to the airport."

"okay."

Huo Gang stepped on the accelerator and the car quickly drove towards the Capital Airport.

…

"I told you to hurry up, you're just dragging your feet, there's no quickness at all." Wang Lingxiang said dissatisfied.

"Come on, come on, don't I have to bring all my things before I get off the plane? It's so easy to buy, what if I lose it?"

Xu Yongpei argued.

"This is my son's private jet, how can I throw something away?"

"What if?"

"You damn old man, are you obsessed with me?"

"I'm only fifty-two, how can I become an old man?" Xu Yongpei said plausibly.

However, when he saw his wife's eyebrows raised, her hands on her waist, and she was about to explode, Lao Xu responded quickly.

He raised his hand and pointed into the distance.

"Look, my son and daughter-in-law are here."

Wang Lingxiang subconsciously looked in the direction of his finger, and sure enough she saw Xu Liang and Jiang Xiaoyang getting out of the car.

"I'll take care of you when I get home."

After leaving harsh words, Comrade Wang turned around and got off the plane.

"Mom's outfit is getting more and more fashionable."

Looking at her mother-in-law who came out, Jiang Xiaoyang smiled.

Xu Liang saw it and couldn't help but nodded.

My original short ear-length hair has turned into permed curls.

The upper body is a light blue floral T-shirt, with a plain silk scarf tied around the neck. On the right hand is a Patek Philippe ladies watch given by Xu Liang; the lower body is wearing white cropped pants.

On her feet is a pair of white sneakers.

Wearing brown sunglasses is indeed very fashionable.

"So, no matter what age a woman is, there is no one who doesn't like to be pretty." Xu Liang said with a smile.

In the past few years, my mother has been flying around Beijing, Singapore, Hong Kong, South Korea, and the United States. No matter where she went, she received grand receptions from her daughters-in-law. Shopping in shopping malls must be a must-have in her repertoire.

After seeing more, your horizons will be opened, which will naturally be reflected in your clothing.

"Mom, you are so beautifully dressed. I didn't even dare to recognize you when I saw you from afar." Jiang Xiaoyang came up to you with a smile.

Wang Lingxiang felt very comfortable being flattered by her daughter-in-law.

"I'm almost 50 years old, so I can wear whatever I want, whatever is pretty or not, as long as it's clean."

“You’re not just clean, you’re fashionable.

Moreover, with your figure and appearance, others would definitely think you are less than forty if you are outside. If we stand together, others would definitely think you are my sister. "

"Haha, you girl knows how to coax me."

"What I said was true."

Seeing the old lady smiling from ear to ear, Xu Liang shook his head secretly.

Sure enough, women understand women.

I'm afraid that the farts will be slapped on the spot.

He stepped forward and took the salute from his father's hand.

"Dad, you can do that. My mother and I have been playing together for a long time."

She rolled her eyes at him.

"Why do you think you're so old? I'm only 52.

According to the standards of the World Health Organization, people under the age of 59 are considered middle-aged. They don’t know anything and they still open a company. "

Seeing the old man getting into the car with his hands behind his back, Xu Liang was a little stunned.

"Are you getting offended by my mother?"

He shook his head and followed.

Back home.

The maid has prepared lunch in advance.

"Where's Xiaomeng?"

Wang Lingxiang asked.

"I went on a graduation trip and I don't think I'll be back until next month." Xu Liang said.

"This girl just knows how to run around."

Wang Lingxiang also knew that her daughter graduated early.

With Xu Liang as her elder brother, she is not worried about her daughter's future work.

After complaining about their daughter, watching the nanny pushing Xu Boyang out, the old couple immediately surrounded her with smiles on their faces.

Although there are already more than a dozen grandchildren, they can never seem to have enough.

After lunch.

Wang Lingxiang pulled Jiang Xiaoyang and carried the little guy to the baby room.

Xu Yongpei took his son to the study.

"You brat, let me ask you, does Xiaoyang really know about Fan Xiaopang?"

"I know. She also knows that Bingbing is pregnant and about to give birth."

"Not angry at you?"

"No."

Xu Yongpei was instantly envious.

My son's ability to make his wife and concubines live in harmony is a bit ridiculous.

"Dad, I will take you and my mother to Yindian Bridge Courtyard tomorrow. From now on, you will stay there in the morning and afternoon."

Xu Yongpei nodded.

The main purpose of their return this time was to take care of their tenth daughter-in-law who was about to give birth, and their tenth grandson who was about to be born.