Chapter 507: Give Wang Xiaobiao a salary from the bottom
Soon, the news of the evening reached Wang Xiaobiao.
Looking at the revelations with solid evidence, Wang Xiaobiao was dumbfounded.
He was very curious how Yang Chen got these data.
It is not an exaggeration to say that some data is not even remembered by Wang Xiaobiao himself. How can Yang Chen investigate it so clearly?
"What the **** does this kid do? How did you collect the evidence?" Wang Xiaobiao muttered depressedly.
Soon, the shareholders of Wanda Real Estate also saw the news on the Internet.
They hurriedly called Wang Xiaobiao.
Wang Xiaobiao hangs one, another one, one hangs up, another one comes, no matter how hard he hangs up.
So, in desperation, he can only hold a video conference for shareholders.
If you don't explain it clearly to them, they will definitely keep calling like this, and they must be anxious like ants on a hot pot.
The video conference started soon.
Shareholders immediately initiated a questioning mode to Wang Xiaobiao.
"Wang Dong, what's the matter? Are the revelations on the Internet true?"
"Who the **** is it? How can you find out so clearly? Are there undercover agents around you?"
"Wang Dong, we now want to know if the revelations are true, and we don't want to ask more about it."
……
Wang Xiaobiao quietly listened to the shareholders' chattering for a few minutes.
After they said enough, he calmed down before he spoke.
"Everyone is finished? Is there anything else to say? If not, I will say it." Wang Xiaobiao said calmly.
Shareholders are all embarrassed and they are not talking.
Wang Xiaobiao continued: "Then I will tell you. The revelations on the Internet are true, and some data is clearer than I know. I have to say that Yang Chen is really good, and I know everything about my investigation. I admit that I am young. I saw him and regarded him as an ordinary opponent. This is the biggest mistake of my life. But, it’s okay. Those are my legal income, and I have the right to control it at will. I paid taxes, legal income, and economic Can afford any department to investigate. So, don’t worry, okay?"
Shareholders just stopped doing it.
"Wang Dong, you are too confident of yourself. Now it is not before. The state has strict control over asset transfers. If there is really evidence to prove that you transfer domestic assets to foreign countries, you will definitely be punished by supervision. "
"The company really can't stand the tossing anymore. I have just been tossed by your son once, and by you again, then I can't play."
"Wang Dong, I hope you can take this matter seriously. Don't be so confident, okay? I think you should listen to our advice this time, sell all foreign assets as soon as possible, and quickly withdraw the funds. To avoid unexpected surprises later. Condition."
"Yes! We also think that Wang Dong should be like this, and cash out foreign assets as soon as possible. We beg you, okay? If the company is badly injured again by you, it may be delisted. This is not our loss. What a problem, it’s just that the money is lost, and all the principal can’t be collected.”
……
Regardless of what the shareholders say, Wang Xiaobiao still feels that his own legal property can be spent whatever he wants, and no one else has the right to interfere.
Even if any department really wants to investigate him, he can withstand the investigation and there will be absolutely no problems.
Therefore, he still said firmly: "I don't accept your suggestion. If I really need to cash out foreign assets, I will definitely cash out without hesitation. Isn't it that way yet? Let's listen to the wind. , And then make a decision. Don’t be so anxious and afraid when you encounter something, can’t you? All my wealth has been smashed here, I am not afraid, what are you afraid of?"
The shareholders gave him a "hehe" on the surface, and they were scolding him in their hearts.
He is not afraid, because he depends on the company to make his fortune, and he is tied to the company life and death.
But their shareholders are different. They have more investment opportunities, and there is no need to lose their principal on Wanda Real Estate.
But they can't help it. Who makes Wang Xiaobiao the major shareholder and concurrently chairman of the board.
They can only give advice, but they can't influence his decision.
Now, all shareholders can do is to pray in their hearts that no big things will happen.
The reason why Yang Chen chose to expose Wang Xiaobiao’s asset transfer at this time has a deeper plan.
No, the Haicheng City government quickly gave the response Yang Chen wanted.
The debt-to-asset ratio that Yang Chen and Mayor Wang mentioned before has now been determined.
The Haicheng City government issued a red-head document, requiring all real estate companies operating in Haicheng to have an asset-liability ratio not exceeding 80%.
If it exceeds this standard, it will not be able to obtain land in Haicheng, and it is forbidden to participate in the development of new projects in any form.
includes, but is not limited to, capital participation, indirect equity participation by registered new companies, etc.
Once this document was issued, it directly shocked the entire real estate industry.
Almost all real estate companies have debt-to-asset ratios exceeding 80%, and many directly exceed 100%.
Because the real estate industry is special, you can increase leverage.
Take ordinary people buying a house as an example, as long as you prepare a 30% down payment, you can buy a house.
A simple and rude calculation is equivalent to using 30% of the funds to achieve what can be done with 100% of the funds, which is equivalent to adding more than twice the leverage.
Assume that a house is worth 1 million and a family spends 300,000 to buy it.
does not consider other factors, such as interest on bank loans in the later period, increase or decrease in real estate value, etc.
is equivalent to this family has only 300,000 ~ www.wuxiaspot.com~ but it has a debt of 700,000.
The debt-to-asset ratio is as high as 233%.
Similarly, real estate companies will also use the 30% down payment feature to leverage 100%.
If the company operates well, the funds are returned quickly, and part of the loan is repaid at any time, the debt-to-asset ratio can be controlled at a healthy level.
If, like Wanda Real Estate, continue to expand loans, only a small part of the funds will be used to repay the loan, and the other part will be used for dividends and continued expansion. The debt-to-asset ratio will definitely be at a high level.
The latest asset-liability ratio of Wanda Real Estate is as high as 125%. To reduce it to 80%, it will have to be drastically reduced by 45%, which means that they have to repay 562.5 billion of loans immediately to obtain continued development projects in Haicheng. Qualifications.
562.5 billion is not a small amount. Even if they cash out all their reserve funds, available financial products, land reserves, projects under construction and on sale, they can't make so much money.
But if they can't repay the 562.5 billion loan, the No. 2 plot they just bought with 22 billion will not be developed.
Similarly, if they cannot repay the 562.5 billion loans immediately and reduce the debt-to-asset ratio to below 80%, they will not be eligible to bid for the demolition projects of the Linghua community and other four communities with Haisheng Group.
It can be said that Yang Chen's move is particularly ruthless, and he directly gave Wang Xiaobiao a salary from the bottom of the pan.
Now let alone cause trouble for Yang Chen, he can't solve his own troubles.
