New Year's Eve.
The Spring Festival Gala live broadcast is being broadcast on TV. It is only 7:30 now and the gala has not officially started yet.
Chu Wen was cooking in the kitchen with an apron on. The door was closed tightly and not a trace of smoke leaked out.
Xiao Meng was video chatting with her family on the sofa, giggling from time to time. Pregnant women are treasures of the family, not only treasures of the small family, but also treasures shared by three families.
Lu Hao kept receiving various New Year greetings calls.
This year, although short video New Year greetings have successfully led a trend, many older people and important business customers are still more accustomed to communicating by phone.
In addition to calls from a group of DreamWorks partners, there were two calls that left a deep impression on Lu Hao.
The first call was from Jiang Qianfan.
Jiang Qianfan, chairman of Qilin Film and Television, is considered a nemesis of DreamWorks because of some unpleasant things that happened before. However, with the release of "The Swordsman", they have been quiet for a long time and have not caused any trouble.
It seemed that he called just to wish everyone a happy new year, and his words also implied that he wanted to let bygones be bygones and forget all grudges.
What's going on?
While Lu Hao was chatting with him, he was thinking silently.
Jiang Qianfan is not a good person. He is too nice to others for no reason. He is either a villain or a thief.
However, he still spoke very skillfully and eloquently, like a veteran who had been in the business world for many years. He did not reveal his true purpose until the end of the phone call.
After hanging up the phone, Lu Hao thought for a while, but still couldn't figure out what he wanted to do. He had to put it in his heart for the time being and not pay any more attention to it.
No matter what tricks he plays, just counter them.
The second call was from Xu Feiyang.
It's a big deal.
When I was preparing to hold my wedding, Xu's Real Estate Group was facing a bond repayment problem and the company's cash flow was tight, so they came to me to borrow money.
I rejected it at that time.
Then, perhaps because financing from other channels was not very smooth, Xu Real Estate Group failed to successfully repay this bond within the specified period and directly defaulted.
This caused a huge uproar in the capital market.
This caused Xu Real Estate’s stock price to hit the daily limit for three consecutive days, and it continued to fall.
Xu Feiyang really couldn't hold on any longer and had to start selling his property.
It sold all of its hotels and cultural tourism projects for nearly 50 billion yuan, which was enough to barely make up for the loss and fill the debt hole.
However, even so, by the end of the year, the market value of Xu Real Estate Group had fallen by nearly 40% compared to its peak.
And now, the purpose of his call is still two words - borrow money!
Cash flow is definitely a double-edged sword for real estate companies!
And it's extremely sharp!
Everything is fine when the business is expanding rapidly, but as soon as there is even a slight sign of decline, it will be a crushing defeat.
Debt defaults lead to a decline in market value.
The decline in market value has led to a downgrade in the ratings of financial institutions.
The rating downgrade has dampened market investors’ confidence and thwarted a new round of financing.
But these are not the most deadly.
The most fatal thing is that because the Xu Real Estate Group has made large investments overseas in recent years, it has caused strong dissatisfaction among domestic foreign exchange control departments and related bigwigs, which has been transmitted to the financial market and led to bank loan withdrawal!
The bank's withdrawal of loans was a move that almost cost Xu Feiyang his life.
The company's credit line was directly cut by more than half. If he called Lu Hao now, it would not be an emergency, but a life-saving call!
And this time the name of borrowing money is not borrowing, but selling!
In the imperial capital, Xu's Real Estate Group owns a commercial office building, which is considered an extremely high-quality asset. They want to sell it as a package to DreamWorks for nearly 6 billion yuan.
To be fair, this price is very fair.
Moreover, compared to the peak price, it has dropped by at least ten percent.
Commercial real estate, especially Grade A office buildings, are the golden goose that lays eggs for every real estate company. Being able to sell them is like selling everything you have to survive.
However, Lu Hao politely declined on the phone.
The reason is the same as last time.
What's more, if you don't understand real estate, don't get involved in areas you don't understand.
Although DreamWorks can afford to buy this building, after buying it, there will be very little cash flow left, and Lu Hao does not dare to take the risk.
After hanging up the phone, Lu Hao rubbed his eyebrows, feeling an inexplicable chill, and thought of the famous line from the opera.
——I saw him build a tall building, I saw him entertain guests, and I saw his building collapse.
Just three years ago, Xu Feiyang had just topped the Forbes list and became the richest man in China, surpassing a large number of technology giants. It can really be said that he was in high spirits.
And now, in just three years, it has begun to be reduced to the point of struggling to survive.
After all this trouble, the company may not go bankrupt, after all, its foundation is still very strong, but it is inevitable that it will suffer serious damage to its vitality.
To be fair, Lu Hao had no intention of taking advantage of his misfortune, but he simply had no way to save him.
The scale of DreamWorks is still an order of magnitude smaller than that of Xu Real Estate Group.
They are a company with a market value of hundreds of billions, while DreamWorks is currently only at the tens of billions level.
To put it bluntly, this is a bottomless pit.
According to the basic debt ratio of real estate companies, it is definitely 80%, and Xu Real Estate Group may even reach 100%. In other words, with a market value of 200 billion, the debt may be that much.
Not to mention, the market value of Xu Real Estate Group has plummeted and is now less than 200 billion.
Six billion is just a drop in the bucket compared to the debt of Xu Real Estate Group.
Why!
…
Thinking about this, Lu Hao returned to the living room and simply turned off his cell phone.
After having a happy New Year's Eve dinner and watching the boring programs of the Spring Festival Gala, this New Year's Eve passed uneventfully.
It seems that only when one reaches a certain age in life do one suddenly realize that a simple and ordinary life is the true meaning.
Lu Hao was able to keenly feel the subtle changes in his mentality, from a high-spirited middle school boy to a conservative.
When he was lying in bed at night, this change confused him for a long time. To be honest, he couldn't quite figure it out, but he stopped thinking about it and fell into a deep sleep.
Although he is not yet forty years old, Lu Hao feels that he is already at the age of forty.
The so-called "no confusion" does not mean that you have figured out all the problems you want to solve, but that you no longer think about those things you don't understand.
Let it be what it is.
Anyway, life goes on one by one.
Until, when I woke up the next morning, I saw a piece of news that shocked the whole country on the first day of the Lunar New Year.
…
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