Chapter 1889: Buying Shares

Taihua Land is the only real estate company under Taihua Holdings. At the beginning, it was the property management company of Taihua Supermarket Group, the real estate company of Bingcheng Pharmaceutical Group, the real estate company of Bingcheng Machinery Manufacturing Group and many other companies. Now it is a wholly-owned subsidiary of Taihua Holding Group.

At the beginning, many state-owned enterprises in China had real estate development companies under them, which were to relocate the old factories, and then develop them and sell them to make money. At that time, the main business of many state-owned enterprises was not doing well. Can the factory workers tide over the difficulties?

Later, Feng Yu saw that they were fighting on their own, there was no scale, and their strength was improving slowly. Just when the Taihua Supermarket Group was expanding, it needed a real estate company, so they integrated it and formed a large-scale real estate company.

Later, the Taihua Supermarket Group expanded to a certain scale, and the first- and second-tier cities have been basically occupied. The cities below the third-tier city are not suitable for opening Taihua Supermarkets. It is no problem to open a Taihua Supermarket, so this business has been sorted out separately. , became Taihua Land.

In this way, Taihua Supermarket Group has more sufficient funds, and Taihua Holding Group can also use Taihua Land to build new factories, office buildings and so on.

But to be honest, Feng Yu has never paid much attention to this aspect. In this life, Huaxia did not regard real estate as a pillar industry, but urban infrastructure and transportation as pillar industries. Real estate is only an auxiliary project.

Therefore, the rise in housing prices in Huaxia in this life is not as fierce as in the previous life, and many bubbles have been avoided. However, because China's overall economic level has improved, people's rigid demand for housing is still increasing, and urban shanty town renovations are also being vigorously promoted, resulting in the rapid rise of housing prices in good locations.

This also gave Wanda room for development, so that Wang Jianlin could become the leader of China's private real estate industry, even better than many central enterprises.

At present, the development of Taihua Land is average, and it just ranks tenth in the country. Many people are already very satisfied. Also relatively small.

The profits of other real estate companies are good, and the annual turnover is growing rapidly, but the development of Taihua Land is getting slower and slower, and the main profit has become the rent of office buildings and shopping malls. They have not done residential, of course lost a large part of the market.

However, Taihua Land has many professional technical and management talents, sufficient mechanical equipment and no debts, and its assets are still very high-quality.

What Wanda lacks is this aspect, so it has cooperated with Taihua Land in a lot of development.

Wang Jianlin took a look, anyway, your Taihua Land is not the main business of Taihua Holdings, and your annual revenue is not high. Maybe Taihua Holdings really doesn't care about this business, so it is suitable for him to buy it.

If Wanda annexed Taihua Land, together with the reserve land owned by Taihua Land, after development, Wanda may become the world's number one urban complex developer, and its property assets can also rise to the world's number one!

China's No. 1 and the world's No. 1 sound quite different, and this will also play a vital role in promoting Wanda's IPO in the future.

In fact, despite its large scale, Wanda has a very high debt ratio. Although there is no risk of bankruptcy for the time being, the debt ratio is high, and there are many constraints on the development of the group. Most of the money earned is used to repay debts.

The interest on the debt rolls over every year, and they are under great pressure. IPO and listing, with funds, can reduce the debt ratio, reduce the risk of business operation, and increase the profit of the company.

The more high-quality assets there are, the higher the stock price will be when the stock is issued. The same number of shares can be issued to raise more funds, which is more cost-effective.

Anyway, Wanda Group still owns the shares of Taihua Consulting. Isn't Taihua Consulting also owned by Taihua Holding Group? It is not Feng Yu's industry.

Feng Yu will not suffer from left and right, and Wang Jianlin feels that his proposal is

Not abrupt.

Originally, he planned to talk to Liu Chuanzhi. Since he met Feng Yu today, it would be better to talk to Feng Yu. After all, Feng Yu is the real decision maker of Taihua Holdings today.

Seeing Feng Yu's expression of thinking, he became even more excited. If there is no objection, then there is drama!

Feng Yu Niutou asked Wu Zhigang: "Gangzi, how much assets does Taihua Land have?"

"Counting our reserve land, as well as property assets such as office buildings under our name, the calculated value was about 49 billion RMB a year ago, and it is absolutely no problem to calculate 50 billion RMB now."

Fengyu Building, Taihua Building and so on are also hung under Taihua Land, and Feng Yu does not intend to sell these. Fengfeng Building was sold to Wanda Group, so what happened.

"Office buildings and other properties are spun off, and a property asset management company is established. The remaining assets can be sold to Wanda Group according to the amount of money. Director Wang, even if those properties are spun off, the remaining land, machinery, and personnel , Brand and other assets are also worth more than 30 billion RMB, and even when I sell 40 billion to takeaway, there are people rushing to buy it, how much do you plan to pay, do you have enough funds?"

Although Wanda has a big plate, but the debt ratio is too high, 40 billion in cash, they will never be able to get it out. What Feng Yu meant was that he wanted to exchange these assets for Wanda shares.

When Wang Jianlin heard Feng Yu's question, he immediately replied: "Our Wanda Group is planning to go public. Judging from our Wanda brand at this time, the IPO will be very simple. It is absolutely no problem to raise 20 billion U.S. dollars."

"Oh? You're already planning to go public? Over there in New York? The market there doesn't seem to be very good."

Wanda's report at this time must be non-profit, so it cannot be listed in China, and Xiangjiang is also very difficult. It can only be listed on a market like Nasdaq.

The reason why many Chinese companies choose to list on Nasdaq is because the barriers there are low. Of course, Nasdaq has always had the most bankruptcy and delisting companies.

But at this time, the impact of the economic crisis caused by the financial crisis in the United States has not yet passed. The stock market in the United States is still at a low point, and there is no sign of rising. It is not a good choice to go public there at this time.

If the market is not good, there will be fewer investors. At this time, it is difficult to set a high issue price for an IPO and listing. The funds that can be raised with the same number of shares must be much less. At this time, listing will suffer.

Of course, if some companies have reached the point where they must go public, they will also choose to go public at this time. Feng Yu feels that Wanda has not yet reached this time.

"What Feng Dong means is that you want to use this part of assets as a share in Wanda?"

Wang Jianlin frowned. Wanda has gone through a round of non-public financing, in which Taihua Consulting is also one of the shareholders of Wanda. If Taihua Land is allowed to buy shares at a price this time, then Wanda’s absolute controlling stake may not be in the He has it.

At this time, he had to consider the pros and cons clearly.

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