I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 513 Taking Over 1Sail Capital
As expected of a finance professional.
You can do a lot of things with the company's shares, even if you mortgage your own shares to leverage a large amount of funds.
But in the end, the debt was still a debt, and the equity was completely divested and given to the partner he wanted to give it to.
As for the remaining debt, it is true that when a person dies, the debt is cleared.
I am afraid that many companies or banks have added to their bad debts in this way.
"Back then, I laughed at you along with Shaofan. I thought that you, Old Zheng, were really old and your mentality was not as good as ours."
"You don't even dare to take a chance on such a good opportunity!"
"Alas! Now that I think about it, I have been steady all my life, but I am getting more confused as I get older!"
If the partners of Yifan Capital had maintained their original development path, the current situation would never have occurred.
At most, they were just like those people outside, losing most of their principal, and several partners didn't even get a penny less in management fees.
But who could have resisted and taken action themselves?
Once you're on the field, it all depends on your ability and character!
The results have naturally proved that with a whole year of smooth sailing, everyone's hearts have long been drifting.
The leverage is getting bigger and bigger! No matter how much money you make, you won’t consider stopping!
As a result, when the bubble burst, after several days of consecutive limit downs, all the family assets were lost.
Not to mention now, we are burdened with foreign debt and have to start all over again!
"How much do you owe outside?"
"I'm fine. The garage is completely empty, and I still have 7 million left."
The man's mentality was much better than Jiang Hao had imagined, and he could even laugh at this time.
"Can you confirm that the shares of other partners will be transferred to me as well?"
"Sure. Their equity has been transferred to me, and I have the least debt."
Seeing that Professor Zheng had a calm expression and had no intention of responding, the man continued.
"Old Zheng, can I still play tricks with you?"
As he spoke, he entered the password into the safe next to him, took out a document and handed it to Professor Zheng.
Professor Zheng took it and started to quickly flip through it, and soon he started to try to bargain.
"15 billion is a bit too much. The most I can offer is 10 billion."
The man was not angry when he heard this. He seemed to know Professor Zheng's character very well. He shook his head and smiled.
"Old Zheng, the prices I quoted are all bargain prices!"
"For that expressway project alone, we invested 11 billion yuan. You don't need me to mention it, right?"
Professor Zheng was flipping through the documents at a fairly fast pace, while Jiang Hao and the others stood aside and did not interrupt the two people's communication.
"That's different. What's the environment like now?"
"You need cash to pay off your debts! There aren't many people who can afford this amount of money or are willing to do business with you."
After saying that, Professor Zheng turned his head and looked at Jiang Hao, and the man also turned his head to look over.
He must have known Jiang Hao, as he was nodding and smiling at him politely.
"After taking 1 billion, you can still keep 300 million, which is enough for you to start over, Old Lou."
Under normal circumstances, Yifan Capital would naturally sell the assets for more than this price. After calculating several fixed assets, it was indeed what Lao Lou called a bargain price!
But who can blame Lao Lou for not waiting for the transfer to proceed in normal mode?
In the current environment, being able to sell it at 1/2 of the price in a short period of time is already his lifesaver.
He is not the only fund company and capital company that has gone bankrupt in the market.
There are many people who are in urgent need of cash, why should they give it to you?
If you really don't deal with it, once your personal credit is ruined, the bank or debt collection company will take care of it.
The company's price will become cheaper, and its own interest will increase by astronomical figures every day.
"How about this, 12 billion! This is the reserve price."
"I couldn't have taken the money for myself. I took the money to help my old friends' wives and children. Otherwise, do you really think they would transfer the shares to me?"
"Besides, at my age, I don't have your courage to continue starting a business. I'm going to prepare for retirement in the future!"
Jiang Hao is now more and more familiar with the operations of these financial professionals.
It seems that the credit of the other partners is completely ruined and they owe too much money.
Moreover, most of them were mortgaged with Yifan Capital’s equity, and leveraged, which had already far exceeded the actual value of their equity.
To put it bluntly, even if this part of the shares is sold, it will not be enough to pay off the debts.
Now, through other means, all the money has been transferred to Old Lou, the founder who has the least debt.
After Lao Lou pays off his debts, the remaining funds from the sale of the company can be used by Lao Lou to provide to the wives, children and elder relatives designated by these partners.
In fact, it was a disguised way of getting out a sum of money that was enough for the family's expenses.
As for themselves, it's not a big problem.
Anyway, they owed such a huge sum of money, and none of the creditors dared to let them die.
Although once you lose the financial game, there is a high probability that you will never be able to recover.
But as long as they think positively enough, they can actually continue to live their lives, and even their wives and children can maintain a very comfortable life.
Professor Zheng had put down the documents and turned to look at Jiang Hao and his three companions.
Another 30 million was cut in one go, which was really enough for Yifan Capital’s fixed assets, which were worth nearly billion!
Yifan Capital is a company that only operates private equity funds, including the stock product that collapsed.
The rest of the companies are still operating normally and there are no major problems with their working capital, otherwise Jiang Hao would not have taken over.
The three of them made a decision after exchanging glances and nodded at Professor Zheng.
After nearly two hours, several people asked their respective lawyers to come to the scene to review the contract and investigate the equity of Yifan Capital behind it before finally signing it.
Until the moment when large sums of money are transferred through the bank.
Even Old Lou, who had been very calm and elegant just now, finally breathed a sigh of relief.
From this moment on, his personal debts could be completely written off.
His hand unconsciously touched the scratches on his neck, and it seemed that some of the pain in his body was slowly recovering.
There was an increasingly bright light in his eyes, a feeling of facing new life, which was miraculously displayed in this man who was nearly sixty years old.
After a while, Old Lou chuckled at Jiang Hao again.
"You must be Mr. Jiang, right? I've heard of you for a long time! Old Zheng is so lucky! I'm honored to be your friend!"
"Hello! Mr. Lou!"
Looking at Mr. Lou in front of him, Jiang Hao did not look down on him on the surface, but still maintained a certain respect for him.
"Boss Jiang, do you still intend to continue acquiring some assets?"
"I have a lot of companies in a similar situation to Yifan. They also have a lot of high-value assets. I can be a middleman for you."
"And I know their debts and the price they are willing to pay."
He just said he was planning to retire.
Now that he had received the money and his debts were paid off, Lao Lou regained his business acumen after many years of experience.
They even didn't want to let go of the business of a group of people who were communicating with each other and were about to go bankrupt.
Knowing that Jiang Hao in front of them had a huge amount of cash in his hands, the title of "Songjiang Cash King" had been widely spread among them recently.
Jiang Hao naturally had the intention to acquire a large number of high-quality core industries at extremely low prices.
This is definitely an opportunity that cannot be missed after the financial crisis.
But after considering it again and again, he suppressed the greed in his heart.
"Forget it! My future development will still focus on entrepreneurship. I don't want to get involved any more."
The funds that Haoyue Capital can leverage are at the level of billions.
We will soon invest in Xiaopeng Motors and Himalaya, so we need to keep this money well.
As for the cash in Jiang Hao's hands, the lesson before him is clear enough.
It is becoming increasingly impossible to touch this money, and I will not borrow it again based on my personal credit in the future.
All operations will only be carried out in the form of a company!
With his current level of wealth, there is no need to take risks!
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