Chapter 683 Spending Money to the Point of Disappointment (5,000-Word Chapter)

April 2, 2007.

On this day, Yuanfang Bond was officially launched and started selling.

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

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

However, the plan couldn't keep up with the changes. Yuanfang Company first encountered a debt crisis, and then several large groups in Longhua made a move together. It has not yet officially launched, and the 3 billion bond with 2 billion has been booked in advance.

At this time, Li Dong and the others don't need to come forward anymore. The 1 billion corporate bonds are not difficult for Yuanfang, and even Jiangbei is sure to eat these bonds.

The result was not what Li Dong expected.

On the morning of the 3rd, Li Dong rushed to the company.

As soon as they arrived in the conference room, everyone applauded and thundered.

Yuan Chengdao said excitedly: "Mr. Li, in one day yesterday, Yuanfang bonds were sold out. We succeeded!"

Everyone was full of emotion. The launch of Yuanfang Bonds this time seems to be an easy success, but in fact it is full of hardships and dangers.

Since Li Dong entered Beijing to establish a relationship, this bond of up to 3 billion yuan has continuously caused troubles to Yuanfang.

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

Now it can be sold out within a day, and Yuanfang has paid a lot for it. In some people's eyes, these prices even exceed the face value of the 3 billion.

Li Dong pressed his hands, and everyone's applause gradually subsided.

When everyone quieted down, Li Dong smiled lightly and said, "Isn't this something that was expected? We should be mentally prepared to achieve such results after climbing mountains and mountains. However, the successful issuance of bonds is still worthy of congratulations, Chen Ke I will go to Tianhu Hotel to book a few seats later, and we will have a good meal at noon!"

Chen Ke nodded quickly, and the others also looked happy.

Of course, the joy is not the meal, but the meaning of it, and everyone can breathe a sigh of relief.

Li Dong said something briefly, then sat down and said, "Director Liu, tell me how much money the company still has and how much it will cost next."

Liu Hongmei stood up and said, "President Li,

The money for the bond has not yet arrived, and the bank needs to settle it, and it will only be credited at the end of the month. "

"It's okay, you count it together first, the bank dares to swallow our money."

Liu Hongmei nodded when she heard the words, and said, "Then let me tell you, before Dongyu Real Estate sold a batch of real estate in an emergency a few years ago, and the company returned a payment of 930 million yuan. Because our housing price is lower than other real estate developers, the house is also the best seller. The remaining houses in Crystal Garden and Wantai Huafu were also pre-sold quickly.

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

Apart from these, the rest is the profits of Yuanfang supermarkets and shopping malls, and the expenses in the past few months have been around 600 million.

Together with your previous capital injection of 2 billion yuan and CCB's loan of 1 billion yuan, the total revenue will reach 6 billion yuan.

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

"9 billion?"

Li Dong smiled and said: "It's more than what I said before. This month, Dongyu Real Estate's performance is good."

Wu Shengnan, who was sitting in the second place on his left, smiled and said, "Thanks to Mr. Li, as soon as the press conference came out, our community fell into a state of panic selling, and most of the money behind it came back in the past few days." .”

Li Dong nodded, and said again: "Dongyu Real Estate still has a debt of about 3 billion yuan. Please pay this debt first. After all, it has been delayed for a while."

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

"Longhua..."

Li Dong knocked on the table and said, "Do you think I should renege on my debt for a while longer?"

Everyone couldn't help laughing, Shen Qian persuaded: "Let's pay it back, Xu Shengzhe can't do anything with you, but Xu Jianghua probably can't bear it anymore. If you don't pay back the money, I'm afraid Xu Jianghua will kill you." If you come to the door, it will not look good at that time."

Yuan Chengdao also said with a dry smile: "Then let's pay it back. After all, the contract time has passed, and it will not affect the effect if it is delayed."

Li Dong sighed: "Then pay it back, in fact, I'm going to delay it for half a year."

Everyone is speechless, still procrastinating?

If it drags on any longer, Longhua will really lose his face.

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

Liu Hongmei shook her head and said, "Not only that, but also Times. When we bought Times, we agreed to pay off the purchase price within one year. Now it's April, and the time is coming soon, so the remaining 700 million We have to prepare the purchase money."

"That's 4.7 billion, is there any more?"

"There are also plans for the expansion of Jiangxi, Jiangsu, Zhejiang, and Shandong provinces. The previous money is almost spent. The second round of investment will be carried out soon, at least 1 billion."

"That's 5.7 billion, right? Is there any more?"

"There is also Hubei Province, and Zhongbai has almost reached an agreement. Yuanfang needs to enter the blank market vacated by Zhongbai as soon as possible to prevent others from getting there first. According to preliminary estimates, the investment may not be less than 800 million."

"6.5 billion, isn't there more?" Li Dong raised his eyebrows.

Liu Hongmei said with a blank expression: "There is also the shopping mall, which has been spending too much recently. In addition, there will be a nationwide large-scale publicity plan, as well as the upgrading of the shopping mall system, and we must continue to inject capital."

"How much?"

Liu Hongmei didn't make a sound, but glanced at Shen Qian.

Shen Qian said in a muffled voice: "According to the mall's plan, at least 500 million or more will be injected."

"Then let's say 500 million. In this way, 7 billion is gone?"

Everyone's cheeks were twitching, the score cannot be settled, the more you calculate, the more disappointed you will be.

Before Liu Hongmei said that the company's liquidity was as high as 9 billion, everyone was elated and felt that the next step would be easy.

But in the blink of an eye, 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 about to be completed. Dongyu Real Estate is planning to repurchase the remaining properties. The preliminary estimate is that the funds will not be less than 15 yuan. 100 million, the other is Pengfei Real Estate, we didn't give the 500 million that we agreed at the beginning, you see..."

Li Dong said with a half-smile: "So, the 9 billion just happened to be divided up by you?"

Everyone didn't dare to say anything, Yuan Chengdao coughed dryly when he saw this, and said helplessly: "Mr. Li, the money must be used, and we really have nothing to do."

Li Dong took a breath and said: "Use it, I didn't say not to use it for you, what is the money used for, isn't it just used for it? But I am a little scared when you use it, 9 billion! I haven't read it yet So, it’s gone in a blink of an eye?”

Yuan Chengdao murmured in his heart, you didn't spend it yourself.

Such as the expansion plan in Hubei Province and the expansion plan of the mall renovation, the money is not in the budget.

Li Dong complained, didn't say much, and continued to ask: "9 billion is gone, so how much do we still owe?"

Liu Hongmei continued: "According to the plan just now, after repaying the money, we only have a loan of 400 million from Times, and Yuanfang Supermarket's new loan of 1 billion plus the previous 800 million, a total of 2.2 billion. The other is bonds. "

"After all, it's still 5 billion. How can I feel that my money is wasted."

Li Dong muttered, and Yuan Chengdao hurriedly said: "Mr. Li, you can't say that. After all, with this money invested, we can completely open up the markets of Jiangsu, Zhejiang, Jiangxi, Shandong, and Hubei provinces. The Yuanfang Mall has also expanded. In addition to Dongyu Real Estate’s repurchase of properties from other real estate developers, we can continue to sell them in the future, and overall our scale has expanded by more than one third.”

After finishing speaking, Wu Shengnan also nodded and said: "In the early stage, because our planning was not in place, the funds were tight. Now Dongyu Real Estate has almost zero debt, and it will be much easier in the future. We can stagger the loan time. Next, Dongyu Real Estate can completely I don’t think it’s difficult to continue to expand, or even double the size.”

As soon as she finished speaking, Yuan Chengdao frowned and said: "Mr. Wu, the current task of Dongyu Real Estate is to maintain stability. After all, the integration of Greenland and Pengfei real estate companies has not yet been completed. I think it is better not to continue to expand, blindly expand. , next year we may have to face this year's difficulties."

The reason why Yuanfang Group is under great pressure this year is mainly caused by Dongyu Real Estate.

The 4 billion due accounts almost drove everyone crazy.

Now everyone has lingering fears. When Wu Shengnan said to continue to expand, everyone naturally disagreed.

After Yuan Chengdao finished speaking, Wu Shengnan raised his eyebrows and counterattacked: "Mr. Yuan, you can't just look at the surface! You only saw the expansion of Dongyu Real Estate and the maturity of debts, but do you know how much profit Dongyu Real Estate made last year? The reason for the current situation is that Mr. Li has diverted funds from Dongyu Real Estate to expand other businesses!

The development funds of Yuanfang Supermarket are almost all provided by Dongyu Real Estate!

The same goes for the mall, including logistics companies. Did these companies expand their money out of thin air?

I won’t talk about 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 with that? "

Yuan Chengdao, including Shen Qian and Qin Hai, suddenly fell silent.

It's really not good for them to continue talking about this matter, Wu Shengnan should be dissatisfied.

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

But in fact, the root cause of Dongyu Real Estate's debts last year was caused by Li Dong. He almost emptied all the real estate company's money back, leaving only the debts. What can Wu Shengnan do?

If the money hadn't been diverted, the real estate company might still have leftover funds for development.

Wu Shengnan went into a rage, others did not speak, but Li Dong had to speak.

After pondering for a moment, Li Dong thought for a while and said, "Shengnan, it's not that I object to the continued expansion of Dongyu Real Estate. However, what Mr. Yuan said before has some truths. We haven't digested the resources of Greenland and Pengfei yet, so continue to Expansion is troublesome both in terms of capital and manpower.

Take it easy, after digesting these fruits of victory, I will definitely be the first to support you in the second half of the year. "

Wu Shengnan was a little unwilling and said: "Mr. Li, but the market is very good now..."

Li Dong waved his hand and said: "The market is good, but when we get the land to start construction, and then sell it, I'm afraid it will be a year. What market can you guarantee after one year? It's not that I'm timid, but the current land price and house price are low. A little too high, not worth it.

Wait for a while, buy down and not buy up, and wait for the land price to fall before we make a move. "

Wu Shengnan frowned and said nothing, fell down?

As far as the current market is concerned, can it fall?

If it can't fall down, could it be said that Dongyu Real Estate is just so complacent?

Seeing that she didn't reply, Li Dong smiled and said, "Well, let me give you a guarantee, whether it falls or not, I will definitely give Dongyu a chance to develop before the end of the year, and the investment will not be less than 3 billion."

After Li Dong said that, although Wu Shengnan was unwilling to speak again, he nodded and calmed down.

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

The development plan for the four provinces was decided long ago, and the money was only spent in the first half of the year.

In the second half of the year, Yuanfang Group also spent a lot of money.

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

In addition to this, you said before that you want to open up the Sichuan-Shu channel, which means that we still have to prepare funds for the expansion of Shancheng and Sichuan-Shu. I am afraid that the money will not be less than 2 billion.

In addition, there are logistics companies and shopping malls. I don’t know much about the follow-up expansion plan. Can Mr. Shen and Mr. Qin provide a rough data? "

Qin Hai, who had been silent for a while, thought for a while and said, "I communicated with Mr. Li and Mr. Yuan before. This year, the logistics side will plan to build several large storage centers and set up about 500 express stores. The total investment is about It’s around 2 billion. The logistics company’s profit is not high because it supports shopping malls and supermarkets for the time being, and I’m afraid it needs the support of the group headquarters.”

After Qin Hai finished speaking, Shen Qian took a look at Li Dong and said, "My side is similar. The plans you told me before all need money, let's start with 2 billion."

Yuan Chengdao and the others frowned, and the logistics company didn't talk about it.

But on the mall side, 500 million has already been injected, plus no less than 500 million has been invested before, how long will it take, let alone 1 billion is used up, and 2 billion must be prepared?

There is almost no profit in the mall, but with such a large investment, everyone can't help but feel a little unbalanced.

Seeing that everyone was silent, Li Dong smiled and said, "I agreed to the money. The mall will have a big plan in the second half of the year. I won't reveal it for now, but the investment will be worthwhile, so don't worry about it." gone."

The 2 billion Li Dong is going to use it to occupy the mobile phone customer market, but now that smartphones haven't appeared, it goes without saying too much.

Regardless of whether other people understand it or not, Li Dong did some calculations and said, "That means we have to invest another 8 billion in the second half of the year?"

Everyone's faces changed again and again, and Yuan Chengdao also had a headache and said: "Well, it probably costs this much money."

"But you don't have to worry too much. The real estate repurchased by Dongyu Real Estate can continue to be sold, and the return is about 2 billion. And the supermarket, this year's profit will definitely be more than last year, and the annual profit will be between 2 billion and 3 billion. room.

In addition, shopping malls and logistics companies, although not much profit, should still be somewhat.

If you make it up, the funding gap will be around 3 billion.

3 billion, at that time we can borrow money and find other ways, at least it is easier than it is now. "

Everyone nodded, it was naturally easier then than now.

After all, with so much investment in the first half of the year, Yuanfang's market value has increased by at least one-third, and its total assets have exceeded 20 billion.

Getting a loan at this time is much easier than it is now.

Besides, if it really doesn’t work, let’s give up the expansion and layout of some industries, such as the mall and Sichuan, and everyone thinks that they can give up completely.

Now Li Dong insisted that it was because he had not reached a dead end.

At that time, the company really has no money, can Li Dong still drive everyone to death?

Unless he gets money in by himself, then everyone will have no objections.

It's almost time for the meeting to come to an end, and today we are mainly talking about this year's budget.

After everyone went out in twos and threes, Li Dong breathed out and said, "It took me half an hour to spend 17 billion, and I found that I was spending more and more money."

Yuan Chengdao couldn't laugh or cry, and didn't know how to reply.

Is this 17 billion flowers worth it?

It stands to reason that it is definitely worth it.

Once the 170 is spent, the total market value of Yuanfang in 2008 may not be less than 30 billion.

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

If you walk too fast, it is easy to cause a series of troubles. If you can slow down for a year, the situation will be much better.

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

Li Dong just said with emotion, even if Yuan Chengdao objected, it would not have much effect.

After finishing his emotion, Li Dongcai continued: "Cheung Kong Graduate School of Business has been settled. It will be reported before the 8th. I will not be back until the end of the month at least. You can figure it out. We don't have to worry about money for the first half of the year. Take it easy, but Don't spend a few days' work."

Yuan Chengdao laughed dryly, and said to himself, "Do you think I'm as bold as you?"

Of course, he didn't dare to say that.

After Li Dong finished speaking, Yuan Chengdao said: "Mr. Li, since you have passed, you can do nothing. Some of the MBA and EMBA students in the business school are quite capable. Yuanfang needs to develop and expand now. , Talent is indispensable.

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

Li Dong nodded and said: "It depends on the situation. If you really want to meet a suitable one, I will contact you without your telling me."

The two said a few words, and then parted ways.

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

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

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