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Participating in the acquisition of the Golden State Warriors was Zhou Buqi's temporary initiative.

It's a beautiful business, though.

Now that you have encountered it, you can’t miss it.

When he got home in the evening, Zhou Buqi told Senior Sister Zhen Yu about this matter.

Zhen Yu would naturally support it unconditionally and said with a smile: "Okay, we are short of good investment targets at home. After the dividends from the two private equity funds, Fang Fei Fund still has US$1.46 billion in its account."

Zhou Buqi asked: "Where is the debt?"

The family foundation is also burdened with debts of up to $5 billion.

Zhen Yu said easily: "This is not a problem. The annual interest is about 350 million US dollars. If necessary, 200 million US dollars can be repaid every year."

"So it seems that the family has sufficient funds?"

"It's so abundant that I don't even know how to spend it. The people in my family... don't spend money lavishly."

Zhen Yu was also quite emotional.

After getting rich, I realized that spending money is really harder than making money. These people in my family usually eat, drink and have fun, including luxury yachts and several private jets. How much money can they spend?

If I want to lose such a large amount of money, I will lose money except for investment failure. I really don’t know how to spend it all.

Zhou Buqi asked in a low voice: "Senior Sister Zhen Yu, have you sorted out the bills at home? Among our family members, who spent the most money last year?"

"How do you organize this?" Zhen Yu shook her head slightly, "Everyone spends their own money, and most of the household expenses go to the family account. For example, these 15 stunning maids in the family cost 8 million US dollars every year."

Zhou Buqi laughed, took her over and put her on his lap, kissed her a few times, "Senior sister, don't be jealous, set an example, I will love you well and won't let you suffer any injustice."

"Who is jealous?" Zhen Yu rolled her eyes at him, not wanting to be overly affectionate in the study, "How much will it cost to acquire the Warriors?"

Zhou Buqi said: "The current valuation of the Warriors is US$150 million, but if you want to buy it, you have to pay at least 2 times or 3 times the price. I've asked my partner Lacob to take full responsibility. You can prepare here. Pay the check when it’s time.”

Zhen Yu was a little disappointed, "That's not much money!"

Zhou Buqi said with a smile: "Isn't it good that it's cheap?"

Zhen Yu said softly: "What I mean is...the funds on the family foundation's account are too abundant. There is no need to maintain so much cash flow. It is enough to maintain around US$300 million in liquidity. It's best to have extra money." It’s better to invest. The economic crisis has flooded the world, and we have to find a way to outperform inflation.”

"Then invest."

"What are you investing in? Are you going to buy real estate?"

"Whatever, you can vote for whatever you want, or you can discuss it with Teacher Wen, Linlin, and Baoshan. The female is in charge, the male is in charge, and you have the final say on family matters."

Zhou Buqi acted very grandly.

Zhen Yu hesitated for a moment, "Boss Zhou, I have an idea, please see if it works."

Zhou Buqi asked: "What?"

Zhen Yu hesitated and said: "These women in the family are Wen Zhixia, Shi Jinglin, Wu Yu, Baoshan, Ning Yaxian, Ning Yameng, and several secretaries such as Sun Wanran, Ning Lu, and Feng Muer. By the way, there are also Your junior high school teachers Han Yan and Chen Yan, as well as those little stars you love so much, Yang Mi, Jiang Bingjie, Li Xinwan, Dili Reya..."

Zhou Buqi had a black line on his forehead, "Senior sister, what do you want to do? Read my dark history?"

Zhen Yu smiled and said, "What a dark history, I just think... you are a man, you should take more responsibilities."

Zhou Buqi said speechlessly: "I'm just a brother, and I don't know how to clone myself. Why do you want me to bear the extra burden? I can't call a dozen of you at night and have to sleep with me every day, right?" I’m not an iron man either.”

"That's not what I'm talking about!"

"Huh? What is that?"

"I'm talking about their parents and families."

"They should all be taken care of, right?"

Zhou Buqi felt that he had not treated their family members badly. Well...he was really negligent. For example, he had never met Zhen Yu's parents, and he had never mentioned that he would buy them a house or a car as a filial piety.

Because Senior Sister Zhen Yu is very rich, she is the second richest woman in the country.

She has enough financial resources to take care of all the living burdens of her family.

But her money is her money.

As a man, Zhou Buqi should still show his expression.

Zhen Yu said seriously: "I think that no matter who they are, these people in the family, as long as they are good to you, must be taken care of. Otherwise, if everyone follows you like this without any name or status, even if we can understand, My family may not understand.”

Zhou Buqi nodded, "What's your plan?"

Zhen Yu said: "Give each of their parents a house, choose it in a first-tier city like Beijing, Shanghai, Guangzhou and Shenzhen. The location should be as good as possible. Whether it is your girlfriend, secretary or starlet, everyone has a share, everyone Give them a set and let them choose. I did the math and found that it doesn’t cost much. Fifty or sixty million is almost enough. I still have 660 million in my family’s domestic account. The older generation has a belief in real estate. .Having a house gives you psychological security."

"Okay, I agree, it's up to you!" Although Zhou Buqi had some different opinions, he was not necessarily right. He wanted to fully support Senior Sister Zhen Yu. He said with emotion: "In terms of career, I want to I keep opening up territories outside, and then find some outstanding talents to manage the territory I conquered. This woman is about the same, I am responsible for opening up territories...ahem."

Zhen Yu pursed her lips and gave him a look. Then she followed his words and said confidently and calmly: "Boss Zhou, you don't have to worry about family matters. You can just expand the territory. It's just a few women. I I can still manage it for you."

"real?"

"You don't believe it? Give me a week, and I promise to send Aunt Xue and Baoshan to your house together. If it's not convenient for you to handle, I can help you handle it."

"No, no." Zhou Buqi looked stern, "Where did you want to go?"

Zhen Yu seemed to be smiling but not smiling, "You really don't need it?"

Zhou Buqi sighed and said: "Forget it, I can't bear it. The constraints of thousands of years of Confucian ethics and ethics are really unbreakable."

Zhen Yu said with a smile: "What does this have to do with Confucianism? America can't do it, Europe can't do it, maybe some tribes in Africa can."

"As expected, the relationship between African brothers is strong."

"ah?"

"Ahem, forget it, you go and help me make arrangements. I will go to Yaxian's room in the evening and let Yameng come over. Well... you can come over if you want."

…

The Zhou family's family fund account is very rich, so much that Senior Sister Zhen Yu doesn't know how to spend it.

However, Ziweixing International's accounts have problems.

When it was first split, Purple Star International had a cash flow of US$3 billion allocated to its accounts. As of January 21, 2010, only US$720 million remained.

No way, the investment in cloud computing is too big.

In addition, Ziweixing International's business is opening up new markets in Europe and the United States. It needs to set up branches and offices and recruit many employees, all of which require large investments.

Then there are the investment business and the gaming industry.

Zhou Buqi wanted to buy "Minecraft" that he was interested in, but he had not been able to agree on a price. Ziweixing International's bid has reached US$50 million, but the other party still disagrees.

In comparison, the other game that Boss Zhou is interested in is relatively easy.

This was what he found in the iPhone game list. It was a new game that had just been launched not long ago - "Angry Birds".

After Zhou Buqi's instructions, a dedicated person went over to connect with him.

The other party is not willing to lose all the equity, but is willing to transfer 80% of the equity for $800. After all, "Angry Birds" has not yet made a profit, and the entrepreneurial team wants to get money to improve their lives.

Zhou Buqi was not too concerned about this.

He is concerned about a major strategic issue of Ziweixing International - corporate bonds!

The company is out of money.

If equity financing is not suitable, the only option is bond financing.

U.S. financial markets are less tightly regulated, making it very easy for companies to issue bonds. Especially for some well-known and powerful companies, it is often easy to issue unsecured bonds.

It means borrowing money from the market without any collateral assets, relying solely on the reputation and credibility of the company.

This matter has been intensively prepared for three months, and now it has basically been achieved.

The first phase of Ziweixing International's corporate bonds has a total value of US$500 million, a term of 5 years, and an annual interest rate of 8.2%. It will be officially issued on the 30th of this month!

The offtake team is two top investment banks, Goldman Sachs and Citigroup.

The handling fee is about 2%.

However, this 2% handling fee does not need to be borne by Ziweixing International, but will be borne by the buyer of the bond. The general logic is that the offtake group spent US$500 million to buy the corporate bonds of Ziweixing International, and then sold them for US$510 million.

Because this bond is a high-quality asset with a high and stable annual return, many large foundations pursuing stable growth are pursuing this type of asset.

For example, federal pension funds, insurance companies, state government retirement funds, etc. The annual interest is more than $40 million, so spending an additional $10 million to buy these bonds is considered a good deal.

Ziweixing International’s first corporate bond was successfully completed.

$500 million in cash flow was added to the books.

However, this is not enough. According to the plan, Ziweixing International will issue a second tranche of US$500 million and a third tranche of US$1 billion in corporate bonds in June and December this year to ensure sufficient capital investment. In emerging industries, Ziweixing International is gaining momentum in the cloud computing and mobile Internet markets.

To be honest, the pressure of debt is quite great.

Once the business does not develop smoothly, the debt may be wiped out directly.

Fortunately, the current situation is very good, Helo has more than 30 million mobile users. Among them, the number of users on Apple and Android has reached 26 million.

This product has almost become a must-have smartphone app for contemporary young people.

Zhou Buqi was also thinking secretly.

Should we find an opportunity to launch the listing of Ziweixing International?

When unlisted companies issue corporate bonds, it is difficult to expand in scale. According to Goldman Sachs' estimates, if Ziweixing International does not go public, the total bond size will reach 6 billion to 8 billion US dollars, which is basically capped. Any more may cause worries in the market.

It's different if it's a listed company. If you have confidence in the stock market, you have the same confidence in the bond market.

It is almost impossible to launch Ziweiyun, a super asset-heavy project, in the global market without going public. Only listed companies can flexibly use equity and debt to continuously absorb funds from the capital market and develop industries.

If you want to do big things in the world of capital, you cannot do without capital games.