The Strongest Earth Mentor
Chapter 31: Yang Chen's plan
Bankruptcy liquidation is a true failure. After all assets have been liquidated, this enterprise will no longer exist.
Bankruptcy reorganization is to revitalize a company that is on the verge of bankruptcy, and has even begun to enter the bankruptcy liquidation process. The difficulty of this, especially the complex relationship between the parties that need to be coordinated, can make people blind.
Hengyang Group, as a star enterprise in Jinzhou City, is a big taxpayer. The Jinzhou Municipal Government has not failed or tried to save Hengyang Group on the verge of bankruptcy.
Enterprises with total assets of 2.7 billion have no liquidity left, and they still owe a lot of debt outside. All debts add up to nearly 1.5 billion!
Of which Zhongguang Bank's loans are as high as 680 million! If it hadn't reached this level, who would let such a company go bankrupt? You know, there are still many small businesses in Jinzhou that can only survive by relying on Hengyang Group!
Ignoring the questions of Zhao and Meng, Yang Chen went on to say: "Yes, bankruptcy and reorganization! I will register a new company to complete the wholly-owned holding of Hengyang Group. How much money?"
"Are you... are you kidding me?" Meng Haobin took a deep breath and said in a very serious tone: "The difficulty of bankruptcy and reorganization is very difficult. It is not something you can do if you think about it!"
"I also know that the difficulty is not small, no, did you specifically ask the two to come to help you come up with an idea tonight?" Yang Chen said with a smile: "The difficulty in funding is not too great. Besides, even the last Maybe, we have to drink this tonight, right?"
Meng Haobin and Zhao Zeran exchanged glances, and then nodded: "Hengyang Group's total assets of 2.7 billion, if the normal judicial auction process is followed, the funds that can be cashed out will not exceed one billion... Creditors of all parties will There is a great loss."
Yang Chen nodded that he understood that total assets are a set of data, and this set of data is only valid when the enterprise is operating normally.
Once a company enters the judicial auction process, except that the land it owns will not be reduced in price, everything else will be sold at a ruined price.
10 billion cash out funds...... Yang Chen even felt a little high. Perhaps the most reasonable price is between 850 million and 9.0 billion. No matter how expensive it is, no one wants it.
Seeing Yang Chen nodded, Meng Haobin went on to say: "The Hengyang Group's debt amount is 1.495 billion yuan, which means that the creditors of all parties can finally get back from the court, the maximum will not exceed seven The loss is as high as 30% or more! This is just the principal, let alone the interest..."
"This is a result of bankruptcy liquidation, and if you want to terminate the bankruptcy liquidation and change to bankruptcy reorganization, first of all, the creditors have to actively apply for bankruptcy reorganization, and only creditors who account for more than 10% of the debt jointly filed The application for reorganization will be accepted by the court, otherwise it will be in vain."
"So, from the perspective of having such creditors come forward to actively submit the application, first of all, the bank will bite hard. After all, bankruptcy and liquidation will cause the most losses to the bank. If you take the order, the bank will definitely put pressure on the government to try to minimize the loss."
"At the same time, the Jinzhou Municipal Government and the Xibu District Government also have their own considerations. On the one hand, they hope that the Hengyang Group can rejuvenate. On the other hand, it is impossible to pull the price to the bottom line. Once the cost of activation is higher than the liquidation Cost, then the government may only let the Hengyang Group officially close down..."
Speaking here in a breath, Meng Haobin paused, and then said: "My old man has never given up the idea of revitalizing the Hengyang Group. Several major leaders in the city also have such intentions...if the funds are sufficient In accordance with normal procedures, the capital investment required for this round of bankruptcy reorganization should not be less than 1.5 billion. Interest can be negotiated for appropriate reductions and reliefs, but the principal must be paid back in full."
This is the answer Yang Chen wants.
After listening to Meng Haobin’s words, Yang Chen smiled on his face. He nodded and said: “This is an investment that follows the normal process, but if a part of the creditors are repelled, a highly unified cooperative idea will be formed in the way of handling certain issues... or The pressure on the status of foreign investors to complete the reorganization of the group?"
"For example?" Zhao Zeran's eyes lit up and seemed to understand what Yang Chen meant.
Yang Chen didn't hide it, he smiled and said his plan, "If the Hengyang Group goes bankrupt and liquidates, the biggest loss is undoubtedly the bank that gave the group the money, if, I mean if... If someone is willing to take the order and pay about 80% of the total debt, will the bank be emotional?"
"You mean, you don't show up, but change the form and use the funds about 10% higher than the bankruptcy liquidation to induce the bank to take the initiative to apply for bankruptcy reorganization to the court?" Zhao Zeran patted his head and said: "It is impossible for banks to disagree!"
"That's what it means." Yang Chen's mouth twitched a looming arc and said: "As a result, the creditors got more debts than liquidation, and I, I paid less for a large amount of money to complete With the reorganization of the bankruptcy of Hengyang Group... Isn't it a situation of great joy?
"How much capital can you put up to operate now?" Zhao Zeran and Meng Haobin glanced at each other, and then they really understood the true purpose of Yang Chen's appointment here tonight!
Meng Haobin pointed out, "The bank is not a private company after all. Although this plan is undoubtedly beneficial to the bank, it also needs a sufficient amount of people to come forward to promote..."
"Relax, I have never been a solitary character. UU reading www.uukanshu.com" Yang Chen was also prepared early, he said softly: "I can raise about 1.2 billion to 300 million yuan of funds on this side, removing some of the need In addition to the funds left to run the running water, about 1.1 billion can be used..."
After a pause, Yang Chen said: "According to the reality of bankruptcy and liquidation of 9 billion cash, I can still make a difference of nearly two billion. It is obvious that this money will not come out. I’m going to take it back, can you understand it?"
Zhao Zeran's heart was shocked, and Meng Haobin also showed a joyful color... Yang Chen had already said so clearly, where could they not understand?
There was almost no hesitation for a moment, Zhao Zeran put down all the shelves, and laughed, "Yang Chen is happy! Since you have passed through with us, there is a spectrum in your brother's heart! Rest assured, let alone two. Even if there is only a few tens of millions, the government will have no reason to refuse you!"
Zhao Zeran also considered Yang Chen to make a decision.
After understanding Zhao Zeran's meaning, Yang Chen also smiled brilliantly, got up and reached out his hand, and said, "Then, this matter please two more snacks... You have a wide road and a wide network, this time the brothers can be full Rely on you to help!"
"You are polite...everyone, please take what you need..."
So, when Tang Yinuo returned to this box, Yang Chen, Zhao Zeran, and Meng Haobin were already very intimate with each other... If you sleep, I am afraid that you will have to jump out of the word "hypocrisy" at this time, and you can use your mocking skills...
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