Chapter 1116 Steady Earnings

meeting room. ~~щww~suimеng~lā

The atmosphere is a little dignified.

Qin Hai was the first to express his attitude, and immediately made the conflict public.

The others didn't make a sound, and at this moment, they didn't know which side to help.

Shen Qian's opinion hasn't been released yet, whether she agrees or not, at least wait until she finishes speaking.

Yuan Chengdao glanced around, and after a while he said, "Mr. Shen, let's talk about your opinion first."

Shen Qian took a deep look at Qin Hai, then continued after a pause: "My opinion is very simple, first, the suppliers outside should be refunded, and should be appeased.

Don't procrastinate, the more you procrastinate, the more others will question our strength.

Second, ask the legal department to send someone to communicate with Secretary Wu. No matter what, the sooner Mr. Li comes out, the better.

And on Qi Guanghe's side, try to be as private as possible, and on Hu Wanlin's side, try to get her to stop talking nonsense.

Thirdly, the bank has to find a way, even if they can't get a loan, but don't let the bank call for debts.

Once the bank questions our repayment ability, we will be unable to repay the tens of billions of debts.

Whether the loan can come down is another matter, but it must be guaranteed that there will be no credit downgrade.

Fourth, just in case, we must maintain sufficient funds on the books.

Financing and listing are not suitable now. The best way is to introduce partners, or directly sell part of the industry.

I told Mr. Yuan before that Yuanfang's business is too messy now.

Seriously slowed down our development progress and caused shortage of funds many times.

Therefore, I am more inclined to sell some industries with low added value and severe capital stagnation.

Use these industries with low conversion rate and huge investment to exchange for other high-quality industries, so as to develop benignly. "

Sun Tao waited for her to finish speaking, then frowned slightly and said, "We will definitely do the first three, and President Shen doesn't need to say this.

Article 4,

Is it really appropriate to sell property?

All the plants and trees in the distance were determined by Mr. Li himself before, and any industry is Mr. Li's painstaking effort.

It's not that time yet, so it's probably inappropriate to rush to sell the property, right?

It's only the second day, so I think I can wait a little longer. "

"wait?"

Shen Qian raised her eyebrows and said, "When will you wait?

The longer you wait, the greater the trouble.

Don't you see how many people outside surrounded the distance?

This is just the beginning, and the crisis of confidence will become more and more serious, and may erupt on a large scale at any time.

Let me ask you a question, once the crisis breaks out on a large scale, Mr. Li does not show up, and the payment is due, do you have a solution? "

Everyone was speechless, there was really nothing they could do about it.

Yuanfang has money on his account, but the money will be gone as soon as the next payment arrives.

Even if there is a little left, it will be divided by those suppliers who broke the contract.

If the crisis of trust has not been resolved, not only the payment for goods in the previous period, but also the payment for goods pledged in the current period must be resolved, and the funding gap will be as high as tens of billions.

So much money, how to solve it?

Companies such as logistics, real estate, and Yuanfang Technology are all eating money now. Even if they make a profit, they can only maintain their own development.

On the supermarket side, once the entire supply chain channel is broken, the only profitable supermarket may be too much. "

Chen Lang thought for a while before saying, "Boss Shen, this possibility is unlikely.

I think that as long as we handle it properly and disclose the accounting information in the past few days, everyone's doubts will dissipate.

After all, no one knows how much Yuan Fang owes for the goods except us.

There are 20 billion here, which is enough to dispel everyone's concerns. "

Shen Qian shook her head and said in disapproval: "It's still betting on probability, you always like to bet, and betting on probability is what Mr. Li should do.

Our task is to check for leaks and make up for vacancies, focusing on stability.

What we have to do is that under any circumstances, there may be losses in the distance, but there will be no crisis of collapse. "

Wang Yue, who hadn't spoken before, said softly: "Mr. Shen, what do you mean, Yuanfang must sell some properties now to raise funds to ensure that other industries will not have unexpected situations?"

"yes."

"Then I want to ask, Mr. Shen thinks that there is no need for any industry in the distance now?

logistics? supermarket? Yuanfang Technology? Or Dongyu Real Estate?

Supermarkets are the foundation of the distance. Mr. Li has said this many times, and Mr. Shen said to ensure the smooth development of the supply system, so supermarkets should be excluded.

At present, the repayment speed is slow, and the industries with severe stagnation of funds mainly have two major items.

First, logistics.

Second, Dongyu Real Estate.

In the short term, if you want to sell for cash, logistics may not be suitable, because in the logistics industry, there are currently few companies that are capable of taking over distant logistics.

In other words, Mr. Shen meant to sell the business of Dongyu Real Estate, right? "

Shen Qian frowned, and said after a while: "That's right, that's what I meant.

At present, Dongyu Real Estate has started construction projects, except for the Beijing CBD project, there are no other projects.

We have more than 30 pieces of land hoarded in our hands, 32 pieces to be precise.

In terms of value, even at the current market price, it is worth about 50 billion.

However, most of these plots, except for a few, do not all belong to us.

Among them, there are many lands that only paid a deposit or down payment, and the value of land is 50 billion. The arrears of this piece alone are as high as 30 billion!

If we sell Dongyu now, not only can we reduce our liabilities by 30 billion, but we can also raise nearly 20 billion of funds for turnover.

Another most important point is that after removing the 30 billion in debt, our debt ratio will be as low as an absolute safety line.

At that time, it will be much easier to borrow money or raise money from other sources.

The existence of Dongyu has not brought us a complementary effect in recent years.

Even the Yuanfang City project, which has been praised to the sky, is actually a spectacle.

In the real sense, we have not built any of the distant cities. Do you really think that the distant city plan can bring us a complementary effect?

Ten distant cities, with a budget of up to 50 billion, is it really worth it?

With this 50 billion, how much can we do?

Even if it is really built, how many years will it take to recover the investment? Now that the market conditions are unclear, it is obviously unwise to invest on a large scale at this time.

Therefore, selling Dongyu, in my opinion, is all right. "

Everyone whispered, and many people looked at Wu Shengnan.

Wu Shengnan frowned, but he didn't speak.

Shen Qian glanced at her, and said: "Besides Dongyu, there are actually some properties that can be sold.

The shares of Sichuan Airlines, PP business, East Star Entertainment, and even Weibo are not necessarily bad.

Of course, the scale of these industries is not small, and it is difficult to find another one to take over for a while.

Dongyu is different, real estate projects, at any time, someone is willing to take over, no matter how much the price is.

Therefore, at this time, Dongyu is the best choice. "

Liu Qi, who never spoke in the boardroom, thought about it for the first time and said: "Mr. Shen, is this what Mr. Li meant, or is it your personal opinion?"

"personal opinion."

Liu Qi nodded slightly, and didn't ask any more questions, knowing this was enough.

It's just Shen Qian's personal opinion, so it's nothing, what she needs is to keep up with Li Dong's pace.

When Shen Qian said that, she just listened to it and left it to others to refute.

Similarly, Zhou Haidong didn't speak.

Both he and Liu Qi were Li Dong's confidantes, and they always only looked at Li Dong in the boardroom.

As long as it has nothing to do with their duties, they only need to wear a pair of ears to say what other people say.

The director who represented the employees didn't even hear what was going on outside the window, and kept his head down, writing and drawing, and didn't know what he was thinking.

There are eight remaining directors, Yuan Chengdao, Sun Tao, Chen Lang, Wang Yue, Wu Shengnan, Qin Hai, Liu Hong and Shen Qian, and their opinions are the most important.

Shen Qian looked at other people, especially Yuan Chengdao, with a questioning look in her eyes, hoping that Yuan Chengdao could make a statement.

Yuan Chengdao coughed lightly, thought for a while and said, "Boss Shen, the sale of Dongyu Real Estate is not a trivial matter.

We will consider your suggestion, but I think we should wait for Mr. Li to come back to make the final decision.

Even if Mr. Li is really unable to show up for the time being, I believe that we will have no problem meeting Mr. Li in the next few days.

Even if things are urgent, don't be in a hurry for a day or two, are you right? "

Shen Qian frowned and said: "One or two days? Now things are changing day and night, maybe there will be a big crisis in the next moment, and I don't think it is necessary to wait for a day or two.

When Mr. Li left, he seemed to have said that the board of directors could make decisions.

If all problems are left to Mr. Li to solve, then what is the significance of the existence of the board of directors? "

"Boss Shen is a little alarmist, in a day or two..."

While Wang Yue was talking, Bai Su knocked heavily on the door outside.

Everyone frowned, Yuan Chengdao nodded towards the outside of the transparent glass door, and Bai Su pushed the door open and entered.

As soon as he entered the door, Bai Su said in a panic: "Mr. Yuan, Mr. Sun... Just now, four large manufacturers called, hoping that we can settle the monthly payment for the promotion in advance.

In addition, there are two major food suppliers in the Shanghai stock market who have not renewed their contracts with us after their contracts expired.

Just now there was news from the Shanghai stock market that the other party has signed a contract with Bailian, and the cooperation with us may be terminated. "

Yuan Chengdao took a deep look at Shen Qian, and said after a while, "Mr. Shen, is this the crisis you are talking about?"

Shen Qian frowned and said: "What does Mr. Yuan mean? I just explained the possible crisis to everyone in advance.

Now that this happens, isn't it exactly what I said.

Large manufacturers may not necessarily be reliable, and we are not unique as channel providers.

Enterprises such as Bealead, China Resources, Suning, and Gome are not blind. Now that they see the opportunity, they are also expected to make a move.

This is just the beginning. The longer it drags on, the bigger the crisis will be.

Bai Su, how much is the payment for the companies that broke the contract? "

"More than 900 million, nearly 1 billion." Bai Su said quickly.

Shen Qian sighed softly: "You have also seen that there are only a few companies here, and it will cost 1 billion. Is our 20 billion really enough?

Time waits for no one, and when this installment is due, our troubles will be even greater. "

With that said, Shen Qian continued: "It is imperative to sell Dongyu!

Coincidentally, someone approached me a few days ago and talked to me about taking over Dongyu Real Estate as quickly as possible, and the other party has sufficient funds, and the account will be credited soon. "

As soon as she finished speaking, Qin Hai said angrily: "Shen Qian, do you think everyone is a fool?

How can there be such a coincidence!

As soon as you came, you were going to sell Dongyu Real Estate. At this time, Mr. Li was not there, the manufacturer defaulted on the contract, and you even found your next home. Don't tell me that you didn't plan ahead!

Your suggestion, I refuse!

After the board meeting is over, I will go to the provincial office. I don't believe it. The provincial office can't even accommodate meetings!

what you up to?

Do you want to carve up the distant property while Mr. Li is away? "

Shen Qian said coldly: "Boss Qin, don't use your petty eyes to guess everyone!

Everything I do is worthy of my heart!

Carve up distant industries?

joke!

When Li Dong transferred the equity of Group 20 to me, I refused. Do you think I will join forces with outsiders to embezzle the group's property for the sake of Dongyu? "

"It was then, and now is now! Shen Qian, if you didn't have this purpose, you wouldn't be on the board of directors today.

Also, tell me, which company has such abundant funds that it can take over Dongyu at any time?

In addition, can you guarantee that this company has nothing to do with you?

If people do not know, unless they do nothing!

In short, I refuse, and if anyone agrees with Shen Qian's opinion, then I doubt whether you and Shen Qian are in the same boat and have shady connections! "

"President Qin, speak carefully!"

Seeing Qin Hai furious, Yuan Chengdao couldn't help reminding him.

At this time, it is not suitable for internal strife to break out.

In addition, Qin Hai's words just now also meant to coerce everyone.

Anyone who agrees with Shen Qian's opinion will be included in his blacklist, which is not a good way.

With so many people on the board of directors, everyone has their own considerations and assessments.

Although Shen Qian does seem to have other goals, selling Dongyu is actually a good way.

Regardless of others, Yuan Chengdao actually has some ideas.

But now, being said by Qin Hai, it seems that whoever has such an idea is a traitor.

Everyone can express their opinions, and there is no need for personal attacks.

Sun Tao also came forward to ease the atmosphere and said, "Mr. Qin, don't be impatient. I think it's better to listen to Mr. Wu and Mr. Yuan's opinions on this matter."

Everyone glanced at the two, Yuan Chengdao thought for a moment and said: "The sale of Dongyu Real Estate is of great importance, and Dongyu Real Estate has many industries.

Not only these lands, but also Yuanfang Building, Greenland Real Estate, Yuanfang Plaza...etc.

In addition, we just launched the Faraway City plan..."

Yuan Chengdao said a lot, but everyone could tell that the composition was relatively large.

Qin Hai frowned and remained silent. It took Wang Yue a while to cough lightly and said, "We understand what Mr. Yuan means. Mr. Wu, can you tell me what you mean?"

Wu Shengnan was always distracted.

It wasn't until being called that Wu Shengnan came back to his senses and glanced at Shen Qian.

Wu Shengnan pondered for a moment and said, "I don't quite approve of selling Dongyu."

Some people were silent, some frowned, but Shen Qian didn't speak.

Wu Shengnan paused and said: "Of course, Mr. Shen's words are not without reason.

The existence of Dongyu, how should I put it now, has indeed dragged down the development of the group.

What I mean is that there is no need to sell Dongyu as a whole. It is still possible to sell part of the property after dismantling it.

But the 23 vacant plots are not suitable.

Mr. Li has other uses for these 23 pieces of land, so they are not suitable for sale for the time being.

Let me tell you that the Yuanfang City project can be spun off, and part of the ownership can be sold to raise funds. "

"The Faraway City project?"

Yuan Chengdao frowned and said, "This project is currently an empty shell, and there are only 10 pieces of land here. Is this different from selling other vacant land?"

"Yes, of course."

Wu Shengnan smiled and said: "We are not selling land, but projects, these are two different concepts.

The Yuanfang City project plans to invest 50 billion yuan.

What I mean is that the main body of the investment is 50 billion, and the sale is carried out. "

"Ahem..."

Everyone coughed lightly, is there such a fool?

You only have 10 pieces of land here, and the total value is less than 25 billion, but they are sold with the main body of 50 billion.

If you really want such fools, you should find a few more.

Seeing everyone's disapproval, Wu Shengnan smiled again: "Actually, this is not impossible. There is actually a model for real estate projects, which is very suitable for the current situation.

Let me make an analogy, let me say that the Yuanfang City project is finally completed. If the investment is 50 billion, it will take two years to calculate.

At this time, we sell the ownership of 40 to the outside world, that is, let the other company take out 20 billion.

Take out 20 billion, and the other party doesn't have to worry about everything.

Two years later, either distribute benefits according to market conditions, or repurchase at a fixed rate of return.

In other words, if two years later, the real estate market is still not good.

We can do an overall buyback program at a minimum rate of return.

Calculated based on the profit margin of 2010, two years later, if the market is in a downturn and the expectations are not met, we will need to buy back the project at a total price of 60 billion.

And the other party is the least, and can also get back the investment of 24 billion. It can be said that it is a business that can make a profit without losing money.

In this way, many companies are actually willing to accept it.

And for us, it's good too.

Since we have invested in the construction of Yuanfang City, we hope that the market will be good, and the better the market will be, the more profits we will make.

If the market is not good, it means that our investment has failed, and the profit margin given by the repurchase is only 10, which is actually not much different from bank loans.

However, with the entry of foreign capital, it is equivalent to having additional funds for development, without taking up the loan line of the bank.

When necessary, we can use this capital to obtain a large loan from the bank, which instead expands our source of funds. "

Everyone frowned and pondered, Wu Shengnan said so, it is not impossible.

The profit ratio of 10 is not too high, and of course, it is not too low.

If you really want to repurchase according to the profit ratio, Yuanfang will not lose money.

But can the other party agree?

Don't talk about the other party, can Li Dong agree?

Of course, everyone in Yuan Chengdao felt that the other party's problem should not be serious if they really wanted to use this model. After all, they would make a steady profit without losing money, and there was a minimum guaranteed profit of 10%. This kind of business was not so easy to find.

The key lies in Li Dong's opinion.

Moreover, is 10 too high? This kind of guaranteed repurchase plan, given this kind of profit rate, the risk can be passed on to Yuanfang.