Chapter 1539 Not Enough Money
There is a high possibility that Nu Bijian will join the Kirin Group, but Yin Jun is not very worried.
However, the relationship between Jardine Matheson and Land after Nuo Bijian resigned has made people a little worried.
Simon Keswick, the current CEO of Jardine Matheson and Land Group, is a British national and was born in a British aristocratic family. Although this aristocrat made his fortune by sucking the blood of Chinese people, after so many decades, , they are also considered a first-class family in Britain.
Keswick was born and raised in England. He only comes to Xiangjiang once or twice a year to check the accounts and listen to the board of directors' reports. He has no feelings for Xiangjiang at all.
On the contrary, the Keswick family has always regarded Xiangjiang as a cash cow.
After making money in Xiangjiang, they will immediately take a large part of the profit and use it to do business around the world.
This made New Bijian very dissatisfied, and he had quarreled with the Keswick family more than once, so this time he was forced to resign, which may not be without some factors.
Tell me, would it be a good thing for such a person to take over the Jardine family?
of course not!
The next year will be Mr. Keswick's solo performance.
Had it not been for the release of the joint statement next year, he would have been the most popular person in Hong Kong in 1984.
The most extreme thing Keswick did was to move the registered place of Jardine Matheson from Hong Kong to the tax haven of Bermuda.
As the largest business group in Hong Kong today, when the situation in Hong Kong is very bad, it should play the role of a mainstay to appease people's hearts.
But Keswick did not do this. Instead, he added fuel to the fire and directly moved the group out of Xiangjiang, causing the property market and stock market in Xiangjiang to plummet, adding fuel to the fire.
In fact, for all companies that move their registration places from their home countries to financial free zones, no matter what high-sounding excuses they use, the most important thing is definitely to avoid taxes.
What we see every day is that many large companies are doing very well, but in the end, they have almost a small profit or even a small loss. The reason is naturally that their accounts are not supervised by the tax authorities of their countries, but are all in Bermuda. , Virgin Islands and other financial free zones.
They use various complicated tax methods to convert the original large profits into expenditures, research and development expenses, depreciation and other expenses, resulting in unprofitable books.
If you don’t make money, you don’t have to pay more taxes, which saves a lot of money.
The top five private companies in China, including Alibaba, Penguin, Baidu, JD.com, and Changshi Group, are all registered outside of China.
The same is true for foreign companies such as Apple, Coca-Cola, Oracle, etc.
In contrast, the relocation of Li Chaoren's Changshi Group is very surprising.
Xiangjiang's policy is originally "no tax on overseas revenue."
In 2016, most of Cheung Kong Group's business was in the Mainland, Europe and Australia. Their proportion in Xiangjiang was already very small and they did not pay much tax. Why did they have to do this?
This makes it easy for people to think that Li Chaoren is preparing to vote for Europe and cut off from the mainland.
As a result, this became a very criticized point of Li Chaoren's later years. However, he never answered directly. He simply said "for flexible financial policies", which simply failed to convince the public.
For people like Li Chaoren, with more than half of his career overseas, leaving Hong Kong would make people panic, let alone the Jardine Matheson Group in 1984.
Is Yin Jun’s Qilin Group powerful?
But in terms of absolute size, it is not comparable to the Yihe series.
Their real estate in Hong Kong is calculated street by street, and its valuation exceeds HK$50 billion. Adding in industries other than real estate, hundreds of billions is not that exaggerated.
Therefore, owing tens of billions of Hong Kong dollars in debt is not a problem at all for the Jardine family.
When the real estate market picks up in a few years, relying solely on the growth of real estate, the Yihe Group will reach a market value of 200 billion, and there will be no problem at all.
Such a huge super company, such a large group second only to HSBC, suddenly left at the drop of a hat and completely wanted to abandon Xiangjiang. How much of a shock did it bring to the people of Xiangjiang?
What was even more outrageous were the other British-funded enterprises. Seeing that Jardine Matheson and Co. were gone, they also moved their registration places away from Xiangjiang, making it seem that Xiangjiang would be destroyed soon, which dealt a huge blow to Xiangjiang's economy.
Yin Jun was wondering if it was because he saw the Xiangjiang that was about to collapse that the British side began to give in and quickly reached an agreement?
After all, just a year ago, the two parties still had not reached an agreement at all!
Of course, Jardine Matheson left Xiangjiang purely for their own benefit. Most of their business is in Xiangjiang. If they do a good job in accounting, they can save a billion or more in taxes a year. This is Why not?
Everything has two sides.
If Jardine Matheson and a group of British-funded companies had not retreated so completely, Li Chaoren's Cheung Kong Group, Li Zhaoji's Henderson Land Development, Zheng Yutong's New World Development, Guo Desheng's Sun Hung Kai Properties and other companies would not have retreated so quickly. Come out.
When the British companies wanted to come back and seize the market, they found that it was already too late. Chinese companies had already firmly occupied the mainstream in Xiangjiang. Even Jardine Matheson would only be ranked among the top ten in the future. It is no longer the dominant family before.
Therefore, Yin Jun will never stop Jardine Matheson and other British-funded companies from leaving. On the contrary, he will seize this opportunity and make another good fortune.
Anyway, the relocation of Jardine Matheson's registered address was basically the last wave of the economic crisis in Xiangjiang in the past two years. There will never be such a good opportunity again.
Although it was not until December that the Sino-British Joint Declaration was signed and released, in the months after July, Hong Kong's economy was in an extremely slow decline. Anyone with a discerning eye could see that the scars were gradually beginning to heal. .
Therefore, what needs to be done must be completed before July, or an agreement can be reached, so as not to miss the opportunity.
Counting carefully, there are still many things that Yin Jun wants to do.
But these are not urgent. The most important thing for the young man right now is to raise more funds.
Kirin Group's current cash flow is astonishingly high.
After 2 billion U.S. dollars were converted into Hong Kong dollars by panicked people in Hong Kong in a short period of time, just one month later, Yin Jun exchanged the Hong Kong dollars back into U.S. dollars at a fixed price of 7.8. The U.S. dollars on hand reached 2.6 billion, making a huge profit. 30% more!
In addition to the US$2.8 billion, Kirin Group also has 8 billion Hong Kong dollars on hand, all of which are pre-tax profits earned in the past four months.
In North America, the part of the funds that Yin Jun has not moved, there are still 2 billion US dollars, which will also be used to pay for the purchase of ABC in the last three months.
The procedures for acquiring companies in the United States are very complicated. The total acquisition price of US$3.6 billion is definitely not a one-time payment.
Yin Jun's first loan of 1.6 billion U.S. dollars from Mitsui Banking Corporation has already been credited to the regulatory agency's account. Even if the contract is established, he can officially operate ABC, but it does not mean that ABC belongs to him in terms of legal procedures.
Only by paying off all the money can you completely own ABC.
But with these 2 billion US dollars, Yin Jun's savings in North America were completely gone and spent.
Although it will not affect the normal operation of the North American branch, it will still have some impact.
Judging from the profits in North America, it has basically stabilized now. It can earn about 50 million U.S. dollars in profits a month, which is of course enough to be used for daily expenses.
Yin Jun does not intend to use the extra money, but will use it to carry out various developments in North America.
Don’t think that the value of your money will depreciate if you put it there. Don’t think that $50 million is a lot.
In fact, there are too many places to spend money in North America.
For example, the expansion and operation of the ABC TV network, the annual shooting budgets of the two film companies, the vigorous efforts to invest money in the digital field, the desperate efforts to expand the channels of Kirin Computer, and train sales personnel and maintenance personnel...
Speaking of Kirin Computer, IBM is still kept in the dark. They just happily regard Kirin Computer as their best dealer partner.
After all, other computer companies do this, buying the distribution rights of manufacturers' computers and then selling them.
However, Baker Li, the president of Kirin Computer, started recruiting people who knew how to repair computers in accordance with Yin Jun's previous strategy as early as the first batch of business had stabilized.
In every city where it operates, Kirin Computer will have its own after-sales service point to perform various repairs and maintenance on every computer it sells.
In the end, they only had to check the maintenance costs with IBM, and IBM didn't need to worry about the rest.
IBM's technical maintenance personnel also changed jobs one after another when they saw that Kirin Computer's treatment was so good.
IBM has a big heart. Seeing this situation, it actually thinks that this reduces its own troubles - after all, they have reduced labor costs, can make some money on repairing parts, and can solve the problem. Solved, why not do it to maintain the image of IBM computers?
But what IBM didn't know was that Kirin Computer also had a secret computer laboratory. This company was not under the name of Kirin Computer at the beginning, but was a vest company.
The vest company specializes in recruiting computer hardware experts. It recruits experts from IBM, HP, Apple and other places with a checkbook.
Although my mother's company is not well-known, I received a bonus of 10,000 US dollars as soon as I joined the company, and the salary increased by 2 times compared with the original company. Then all the 5-year salary was transferred to the custody account of Citibank, in addition to paying them monthly salary. , it cannot be withdrawn for any other reason - it is equivalent to locking in the money, allowing experts to guarantee their salary for at least 5 years.
In this way, the poached experts will feel at ease.
No matter what, you can guarantee a stable and high-paying period for five years. As for what will happen in five years, there is no need to think too much.
After all, the hardware industry of computer companies has very high liquidity. Maybe in less than 5 years, someone will come to poach them and they can change to another better job?
Of course, if the results of this laboratory can be transformed into real effects, everyone would still be willing to continue doing such a high-paying and stable job.
Their main task in the laboratory is to assemble various hardware on the market into a new computer that does not belong to any brand but can be used normally.
This is also thanks to IBM's development of hardware standards for computer components. Most of the hardware on the market now, including monitors, hard drives, disks, CPUs, speakers, etc., are universal.
What is slightly more troublesome is the matching of components and the connection between the operating system and the CPU.
But after all, today's computers are still in their infancy and don't have many functions. How can they be too complicated?
This group of experts were originally people who had participated in the computer research and development of several major computer companies. Despite the patent barriers and confidentiality measures, they still had a way to assemble computers.
After five months of research and development and testing, the performance of the assembled computer is now close to 70% of IBM's affordable models.
According to the laboratory's predictions, after upgrading components and purchasing better chips, we should be able to achieve another breakthrough in two to three months.
As long as it can reach 85% of the performance of IBM's affordable model, it can be sold.
Even though Kirin Computer is not as famous as IBM, if IBM sells one for 3,000 US dollars and I sell it for 2,000 US dollars, there is not much difference in performance. The after-sales service is still the same group of people, and the attitude is still so good. Do you think customers will? Will you feel at ease?
Of course, just because Kirin Computer needs to connect to the Internet, build production lines, and purchase various hardware materials, the little money they earn now will not be enough by then.
Therefore, Yin Jun's money in North America could not be used for a long time.
Not only can't it be used, but maybe a sum of money will be taken from the Xiangjiang headquarters to develop the North American branch.
But don’t forget, Yin Jun also has a huge money-burning project being launched in Western Australia.
Once the huge reserves of iron ore around Christmas Creek were discovered, the infrastructure construction of transportation, railways, and ports alone would cost billions of dollars, and it would be like playing around with not a single splash in the water.
The amount that Yin Jun has prepared in Xiangjiang is so close to 4 billion U.S. dollars. It is not even enough to fill this gap, let alone that he is planning to go all out in Xiangjiang and make a vigorous bargain hunting.
The young man not only wants to buy land, but also develop it. He dare not say that he bought half of Xiangjiang, but it is very obvious to directly swallow up a large amount of land and become the largest landowner in Xiangjiang.
It's not that Yin Jun wants to buy so much land, but because land with such a cabbage price will never be available again after missing this opportunity.
For this last opportunity to get rich, Yin Jun is definitely willing to raise more money and borrow more money, and he is definitely not willing to miss it.
The young man had been planning for such a big piece of fat for 3 years, and had endured it for 3 years, just waiting for this time to buy everything at the bottom!
Therefore, it is very necessary to raise more cash!