Xiao Qi, who had no other option but to take out a loan, would certainly not be so shallow as to use the land he bought to get a loan, then buy the land, and then take out another loan.

This rolling capital chain method commonly used by future developers has long been disclosed by the Rising Sun commentator. More than a dozen consecutive column articles were directly published in the "Reference News", which made readers excited and made developers excited.

The businessmen gnashed their teeth.

Many things are like this. If you talk about it, it won't be easy to operate.

After experiencing the mall for so long, the young man has become very smart.

After active negotiations, during the Spring Festival, the teenager used 20% of Dreampad shares as collateral to borrow a total of 120 billion yuan from the four major banks of Zhongnong Industrial Construction in Sichuan Province, of which 40 billion was used to redeem the 20% of the previous mortgage.

Of the remaining 80 billion shares, 72 billion were returned to Citigroup, Merrill Lynch and Goldman Sachs, and 50% of the shares were taken back from them.

To put it simply and clearly, Xiao Qi took out 20% of Dreampad's shares for a loan, but redeemed 70% of the shares. In this way, he made a net profit of 50%, plus 8 billion yuan!

Such a logical relationship may seem complicated, but it is actually very simple.

Dreampad’s valuation has skyrocketed again!

From the beginning to the present, as the sales volume of dreampad continues to refresh, the value it represents has risen higher and higher, reaching today's value of 600 billion yuan. China's four major commercial banks still feel that they have taken advantage of it.

The four major commercial banks dare not think about their previously low-priced 20% collateral. This is a very hot thing. For commercial banks like them, they can already eat enough to eat the interest difference.

You must try to swallow this dreampad, a treasure that attracts worldwide attention!

In order to conquer the world-wide dreampad, Xiao Qi had always avoided contact with other domestic capitals, so he borrowed a lot of US dollars.

Now that Dreampad has taken deep roots around the world and has an unexpected reputation, the country's top leaders will take care of Fairy Company intentionally or unintentionally. In terms of loans, the valuation is reasonable, the interest rate is favorable, and it is normal for Xiao Qi to recycle his shares.

It was precisely because of seeing how well banks in China took care of Xiao Qi that Citibank panicked in the first place.

They attach great importance to the customer Xiao Qi, and have even ranked first in China and among the top ten in Asia.

As Fairy Company develops and grows in the future, after reaching the "Smart Patent Alliance" with Gang Leader Qiao, and after attracting Samsung to become the permanent sharer of the Dreampad app store, Citibank will definitely treat Xiao Qi, who has nothing to do with any global bank.

, treat it as the number one customer in Asia, and strive to become the global financial partner of Fairy Company.

Several senior officials who previously advocated for 30% of Fairy Company's Dreampad shares to be mortgaged and the loan amounted to only US$5 billion have been reprimanded.

However, according to the characteristics of capitalism, they are unwilling to spit out what they eat, no matter whether it is right or not. They still pretend to be confused and hold on to the 30% of their coveted Dreampad shares.

But just when they were actively trying to provide new solutions and make Xiao Qi rely more on them, Xiao Qi suddenly came to ask for direct repayment of the loan and redemption of shares. It was like being struck by lightning. He couldn't recover for a long time.

Come.

Citibank quickly learned the whole story and immediately demoted several senior officials to Africa. At the same time, Tony, the president of Citibank's Rongcheng branch, and Wade, the vice president of the New York branch, who had a good relationship with Xiao Qi, also launched an attack.

Aggressive public relations and constant phone calls made Xiao Qi feel uneasy in Japan and the capital. Finally, a preliminary agreement was reached.

Xiao Qi will take out 20% of Dreampad shares as collateral for the second time in exchange for a US$20 billion loan from Citibank.

In other words, Citibank gave Dreampad a higher share price.

The overall market value of 100 billion US dollars is 770 billion yuan according to the current exchange rate. Although it is not as good as PetroChina, Sinopec, China Mobile, etc., it is still the number one giant among private enterprises!

Citibank this time truly treats Xiao Qi as an equal opponent.

According to European and American habits, valuing a company is a very cumbersome and complicated process. The US$100 billion valuation of Xiao Qi required 38 first-class analysts and took eight days to complete the analysis.

, and then the discussion lasted for five days before the amount was settled.

Bank loans in China usually have a rule of thumb... Oh, no, you can't say that. The bank is a legitimate business company, not an illegal usury loan.

All right.

We can say that loan sharking is based on the rules of banks. Well, that's it. Please don't think wrongly.

Banks usually only calculate a company's market value based on 70% of the valuation, and then only lend up to 40%-70% of the market value that meets the loan procedures. In this way, a collateral worth 10 million can only lend up to 500.

Ten thousand.

The euphemistic name of the bank is to avoid non-performing assets, but in fact, don’t they want the lender to be unable to repay the money, and then eat the fat at a low price?

This time, Xiao Qi's mortgage loan can be converted into a full mortgage. Anyone with a discerning eye can see that he has received great care. However, unless you are a person of a certain level, there is no way to know because it will not be disclosed to the public.

The operating methods of European and American banks are basically the same, but they are more standardized in that they will include your company's growth in the next three to five years. There will be a certain premium during valuation, so after calculation, it will eventually be able to

70% is in the hands of the lender. If it is a customer with good asset credit, it is not impossible to get a 100% loan.

Xiao Qi is certainly the best customer.

The three major rating agencies, Moody's, S&P and Fitch, have unanimously raised Fairy Company's credit rating to aaa, which ranks it with Microsoft, General Electric, Coca-Cola and other super giants, so Xiao Qicai can get a 100% mortgage from Citibank

loan.

Don’t underestimate the power of the three major rating agencies.

When the Greek debt crisis broke out in 2009, wasn't it because Fitch, S&P and Moody's successively downgraded their sovereign ratings, and then suddenly triggered the crisis, which has been out of control? (To be continued, please search for Gone with the Wind)
Chapter completed!