The Rebirth of Wealth

April 2, 2007.

On this day, the distant bond was officially launched and began to be sold.

The previous roadshow inquiry has been completed independently by several underwriters of CCB at the end of March.

Originally according to Li Dong's intention, he and his distant team were going to participate in the road show in person.

However, the plan couldn't keep up with the changes. The company of Far East first had a debt crisis, and then several large groups of Longhua shot together. It has not been officially launched yet, and 2 billion of bonds have been booked in advance.

At this time, Li Dong did not need to come forward again. One billion yuan of corporate bonds was not difficult for a distant place, and even Jiangbei was sure to eat these bonds.

The result was not what Li Dong expected.

On the morning of the 3rd, Li Dong arrived at the company.

As soon as they arrived at the meeting room, everyone applauded thunderously.

Yuan Chengdao said with excitement: "Mr. Li, one day yesterday, the distant bonds sold out, we succeeded!"

Everyone was sighed with emotion. This time the remote bonds went online. It seems that the success is simple, but in fact it is difficult.

From the beginning of Li Dong's entry into Beijing, this bond of up to 3 billion yuan has continued to cause troubles in the distance.

Including the previous capital chain crisis, it was also caused by the issuance of bonds.

Now it can be sold out in a day, and a lot of costs have been paid for it from afar. These costs even exceed the nominal value of 3 billion in the eyes of some people.

Li Dong pressed his hands, and the applause gradually subsided.

After everyone calmed down, Li Dong laughed lightly: "Isn't this something that was expected? We should be mentally prepared to climb over mountains and achieve such results. But the successful bond issuance is still worth celebrating, Chen Ke. I will go to the Tianhu Hotel to reserve a few seats later, and we will have a good meal at noon! "

Chen Ke nodded hurriedly, and the others were all happy.

The joy of nature is not this meal, but the meaning, and everyone can take a breath.

Li Dong simply said, and then sat down: "Director Liu, let's talk about how much money the company still has and how much it will cost next."

Liu Hongmei got up and said: "Mr. Li, the money for the bond has not yet been obtained. The bank needs to settle it, and it will be credited at the end of the month."

"It's okay, you count them together first, and the bank dare to swallow our money."

Liu Hongmei nodded and said: "Then I will talk about that before Dongyu Real Estate sold a batch of real estates urgently before the year, the company paid back 930 million. After that, Pingchuan house prices rose, the housing market picked up, and the rest of Dongyu community Because our house prices are lower than other real estate developers, they sell the best. The remaining houses in Crystal Garden and Wantai Huafu are quickly sold.

Because we repurchased a batch of real estate from Greenland and other small real estate developers, plus our original remaining real estate, Dongyu Real Estate's total sales reached 1.52 billion after this year.

In addition to these, the rest is the profit of supermarkets and malls in the distance. In the past few months, the expenses have been thrown away at about 600 million.

Coupled with the 2 billion you previously invested and the 1 billion loan from CCB, the total revenue reached 6 billion.

If we add this bond capital, our current capital flow is between 9 billion. "

"9 billion?"

Li Dong smiled and said: "More than what I said before, Dongyu Real Estate has done well this month."

Wu Shengnan, who was in second place on his left, smiled and said: "Tuo Li President Fu, as soon as the press conference came out, our community was in a state of rush to sell. Most of the money in the back was returned in the past few days. . "

Li Dong nodded and said, "There is still about 3 billion in arrears from Dongyu Real Estate. Return this arrears first. After all, it has been delayed for a while."

Both Yuan Chengdao and Liu Hongmei nodded. Yuan Chengdao thought for a while and said, "Mr. Li, what is Longhua's money?"

"Longhua ..."

Li Dong knocked on the table and said: "Do you want me to pay off for a while?"

Everyone couldn't help but laugh, Shen Qian persuaded: "Still pay it back, Xu Shengzhe has no way to take you, but Xu Jianghua will probably be unable to bear it. If you don't pay this money again, I'm afraid that Xu Jianghua could kill Come to the door, when the face is not good-looking. "

Yuan Chengdao also said with a smile: "Then still go on, after all, the contract time has passed, and the delay will have a bad impact."

Li Dong sighed: "Then pay it, in fact, I'm going to delay it for another six months."

Everyone is speechless, still dragging?

Dragging on again, Longhua is about to turn his face.

Li Dong smiled and said, "That means, 4 billion is gone?"

Liu Hongmei shook his head: "More than that, the other side is the era. When we first acquired the era, we said that we paid off the purchase within one year. It is now April, and the time is fast, so the remaining 700 million We have to prepare the purchase price. "

"Then 4.7 billion, is there any more?"

"There are also expansion plans in the three provinces of Gan, Jiangsu, Zhejiang, and Lu. The money in front is almost spent. A second round of investment is about to be made, at least 1 billion."

"That's 5.7 billion, isn't it?"

"There is also the province of Hubei, and Zhongbai has almost reached an agreement. The distant place needs to enter the blank market vacated by Zhongbai as soon as possible to prevent others from gaining a foothold. The initial estimate is that the investment may not be less than 800 million."

"6.5 billion, is there any more?" Li Dong raised an eyebrow.

Liu Hongmei said with a blank expression: "There is also a shopping mall here, which has recently cost too much, coupled with the nationwide large-scale publicity plan, and the transformation and upgrading of the shopping mall system, we must continue to inject capital."

"How much?"

Liu Hongmei didn't say anything and glanced at Shen Qian.

Shen Qian said dumbly: "According to the mall's plan, at least 500 million capital injection."

"Then 500 million, so that is 7 billion?"

Everyone's cheeks are twitching, and the account can't be counted, the more you count, the more you will feel chilled.

Previously, Liu Hongmei said that the company's working capital was as high as 9 billion, and everyone was happy, and felt that it could be relaxed next.

But the time of turning around, 7 billion is gone, and it seems that it is not the limit.

Sure enough, as soon as Li Dong's words fell, Wu Shengnan said cautiously: "In addition, the repurchase plan we have reached with several other companies is almost completed. Dongyu Real Estate is preparing to repurchase the remaining real estate. It is initially expected that the capital will not be less than 15 100 million, the other is Pengfei Real Estate. We did n’t give the 500 million that we said at the time. You see ... "

Li Dong seemed to laugh with a smile: "So, 9 billion has just been divided by you?"

Everyone did not dare to say anything. Yuan Chengdao coughed and said helplessly: "Mr. Li, all this money must be used, and we really have no way."

Li Dong gasped and said, "Use it, I didn't say I won't give it to you. What is the money for? Isn't it used? But I'm a little scared when you use it, 9 billion! I haven't read it yet Come, in a blink of an eye the time is gone? "

Yuan Chengdao whispered in his heart that it was not your own.

For example, the expansion plan in Hubei Province and the expansion plan for the mall renovation are not in the budget.

Li Dong made a complaint and didn't say much. He continued to ask: "9 billion is gone, how much do we owe now?"

Liu Hongmei answered: "According to the plan, we have only repaid the money. We only have 400 million loans from the era, and the new loans from the distant supermarket are 1 billion plus the previous 800 million, a total of 2.2 billion. The other is bonds. "

"The whole thing is still 5 billion. How can I feel that my money has been spent in vain."

Li Dong muttered, Yuan Chengdao quickly said: "Mr. Li, you can't say that. After all, with this money invested, we can completely open up the four provinces of Jiangsu, Zhejiang, Gan, Lu, and Hubei. The scale, coupled with Dongyu Real Estate's repurchase of real estate from other real estate developers, we can continue to sell next. Overall, our scale has expanded by more than one third. "

After speaking, Wu Shengnan also nodded: "In the early stage, because we did not plan in place, the funds were tight. Now Dongyu Real Estate has almost zero debt, and then it will be much easier to handle. We can stagger the loan time, and then Dongyu Real Estate can completely I do n’t think it ’s difficult to continue to expand the scale, or even double it. ”

As soon as she finished, Yuan Chengdao frowned and said: "Mr. Wu, the task of Dongyu Real Estate is still to maintain stability. After all, the integration of several real estate companies of Greenland and Pengfei has not yet been completed. I think it is still not possible to continue expanding at this time. Next year, we may have to face the difficulties of this year. "

This year, the pressure of Far East Group is mainly caused by Dongyu Real Estate.

The 4 billion in due accounts almost drove everyone crazy.

Everyone now has a sense of palpitations. As soon as Wu Shengnan said to continue to expand, everyone naturally did not agree.

After Yuan Chengdao finished his speech, Wu Shengnan immediately raised his brows and countered: "Mr. Yuan, you can't just look at the surface! You only see Dongyu Real Estate expanding and the debts are due, but do you know how much Dongyu Real Estate made profit last year? The current situation is caused because Mr. Li has allocated funds from Dongyu Real Estate to expand other businesses!

Almost all the development funds of Yuanfang Supermarket are provided by Dongyu Real Estate!

The same goes for the mall, including logistics companies. Are these companies' expansion money coming out of thin air?

I did n’t say it before. Now that Dongyu Real Estate has no debts and the market is good, we can continue to expand the scale at this time. Is there anything wrong? "

Yuan Chengdao, including Shen Qian and Qin Hai, suddenly lost their words.

It was really bad for them to continue to talk about it. It should be Wu Shengnan's dissatisfaction.

Last year, Dongyu Real Estate provided the company with a large amount of cash flow. As a result, when the remote debt crisis broke out, everyone was accusing her of blind expansion.

In fact, the root cause of Dongyu Real Estate's debt last year was caused by Li Dong. He almost evacuated all the payments from the real estate company, leaving only debts. What can Wu Shengnan do?

If the money is not transferred, now the real estate company may still have the remaining funds to provide development.

Wu Shengnan fluttered, others did not speak, but Li Dong could not help but speak.

Slightly pondering for a moment, Li Dong thought for a while and said: "Sheng Nan, I am not opposed to the continued expansion of Dongyu Real Estate. However, President Yuan also said that there are some reasons. We have not yet digested the resources of Greenland and Pengfei. Expansion, both capital and manpower, is a hassle.

Slowly, after digesting these fruits of victory, I am sure to be the first to support you in the second half of the year. "

Wu Shengnan was somewhat reluctant to say: "Mr. Li, but the market is good now ..."

Li Dong waved his hand and said: "The market is good, but we can wait for the land to start construction and then sell it. I'm afraid a year will pass. What market can you guarantee after a year? It's not my timidity, but the current land price and housing price. Some are too high and not cost-effective.

Wait another period of time, buy and not buy, and wait for the price of land to fall, and then we will take action. "

Wu Shengnan frowned and fell silent?

Can the current market fall?

If it can't fall, can it be said that Dongyu Real Estate is so steadfast?

Seeing that she didn't reply, Li Dong smiled and said: "So, I will give you a guarantee, no matter whether it falls or not, I will definitely give Dongyu the opportunity to develop here before the end of the year, and the investment will not be less than 3 billion."

Li Dong said so, although Wu Shengnan was not reconciled, it was not easy to speak again, nodded and quieted down.

Sighing softly, Li Dong asked again: "How much is the budget for the second half of the year?"

The four-province development plan was set long ago, and the money was spent in the first half of the year.

In the second half of the year, there were also many places where Yuanyuan Group spent money.

After Li Dong finished, Liu Hongmei said: "The first is the cooperation with Suning. Their advances are only in the early stage. The time is about half a year. In fact, it may be faster. After all, we are not slow now. It is likely that we will be in July and August. Funding is required and the upfront budget is around 2 billion.

In addition to this, you said that you want to open up the Chuanshu channel, which means that we have to prepare the expansion funds for Shancheng and Chuanshu. I am afraid that this amount will not be less than 2 billion.

There are also logistics companies and shopping malls. I do n’t know much about the follow-up expansion plan. Can President Shen and Qin provide a rough overview? "

Qin Hai, who has not spoken for a while, thought about it: "I have communicated with General Manager Li and General Manager Yuan before this year. I will also plan to build several large-scale storage centers and distribute about 500 express stores this year. The total investment is probably It ’s about 2 billion. For the time being, logistics companies are not profitable because they support shopping malls and supermarkets. I am afraid they need the support of the group headquarters. "

After Qin Hai finished speaking, Shen Qian glanced at Li Dong and said, "My side is similar. The plans you said to me all need money. Let's make 2 billion."

Yuan Chengdao frowned, and the logistics company stopped talking.

On the mall side, it has already invested 500 million yuan, and it has invested less than 500 million yuan before. How long has it been since the 10 billion yuan has been used up, and we have to prepare 2 billion yuan?

There is hardly any profit in the mall, but the investment is so large that everyone can't help but feel a little unbalanced.

Seeing that everyone did not speak, Li Dong smiled and said, "I agree with this money. There will be a big plan for the mall in the second half of the year. I will not disclose it for now, but this investment will be worth the money. Now. "

This 2 billion Li Dong is ready to be used to occupy the mobile phone customer market, but now that smartphones have not appeared, it goes without saying too much.

Regardless of whether other people understand it or not, Li Dong forgot to say: "That means 8 billion in the second half of the year?"

Everyone's face changed again and again, and Yuan Chengdao also had a headache: "Well, probably so much money."

"But you do n’t have to worry too much. The property bought back by Dongyu Real Estate can continue to be sold, with a rebate of about 2 billion. There are also supermarkets. This year ’s profit is definitely more than last year. Time.

In addition, malls and logistics companies, although not very profitable, should still be a bit.

Together, the funding gap is about 3 billion.

3 billion, at that time we can make loans, we can think of other ways, at least easier than now. "

Everyone nodded, and it was naturally easier then.

After all, with so much investment in the first half of the year, the market value of distant places has increased by at least a third, and the total assets have exceeded 20 billion.

Loans at this time are much simpler than they are now.

Besides, if it is not possible, we will abandon the expansion and layout of some industries, like the mall and the Sichuan and Sichuan sides, everyone feels that they can completely give up.

Now Li Dong insists that it is because he has not reached the end.

By that time, the company really has no money, can Li Dong still kill everyone?

Unless he makes money himself, then everyone will have no opinion.

It is almost time for the meeting to end here. Today's main issue is this year's budget.

Waiting for everyone to go out in twos and threes, Li Dong exhaled: "Half an hour of work, spent 17 billion, I found that I used money more and more."

Yuan Chengdao couldn't help crying and laughing, and didn't know what to say.

Is this 17 billion flowers worth?

It stands to reason that it is definitely worth it.

Once these 170 flowers are spent, in 2008, the total market value of distant places may not be less than 30 billion.

But in Yuan Chengdao's view, the money was not worth it.

Walking too fast can easily cause a series of troubles. If it can be delayed for a year, the situation is much better.

But now that things are settled, it is useless for him to say anything.

Li Dong said with emotion, in fact, even if Yuan Chengdao opposed it, it would not have much effect.

After the emotion was over, Li Dong continued: "The Cheung Kong Graduate School of Business has been settled. It was reported before the 8th. I will be back at least at the end of the month. You can do it. We do n’t need to worry about money in the first half of the year. It will be spent in a few days. "

Yuan Chengdao gave a laugh ~ www.readwn.com ~ secretly said: "Do you think I am as bold as you?"

Of course, he dare not say this.

After Li Dong finished speaking, Yuan Chengdao said: "Mr. Li, since you are gone, there is nothing wrong with that. Some of the MBA and EMBA students on the business school side are still a bit capable. The distance now needs to develop and expand. , Talent is indispensable.

You can pay attention at that time, if you encounter good seedlings, by the way help the company recruit a batch of new blood. "

Li Dong nodded and said, "Look at the situation. I really have to meet the right one. I don't need you to say that, I will contact you."

The two briefly said a few words before they were separated.

When Li Dong left the company, Zhou Haidong and Tan Yong quickly followed.

Seeing Zhou Haidong seemed to have something to say, Li Dong pressed his hand and said, "Get in the car and say."

The two nodded and followed Li Dong into the car without a word.