Chapter 805 Yao Yuan's Overdraft(2/2)
"Three years of short-term debt, all." Lin Wei did not answer, but said, "The interest alone costs more than 7 billion every year, and the interest in three years is nearly 22 billion."
Yu Yongan did a quick calculation and asked with a smile, "Awei, do you know what the debt ratio of the four major family businesses in Hong Kong is? Do you know how much it costs them just to repay their loans every year?"
Lin Wei didn't understand it, because Dongfeng Group had always had no debt and had extremely abundant cash flow. But this time, it not only emptied money, but also overspent.
The free construction of the new capital of Kazakhstan has consumed most of the Dongfeng Group's funds. In the first half of the year, Yao Yuan identified several large projects and production-increasing projects in one go. The total budget is as high as 300 billion Chinese dollars. The investment must be completed within three years, with an annual investment of 1,000 yuan.
One hundred million Huaxia coins...
The most important thing is that it was operated with almost zero debt before. Now it is difficult for many people to adapt to so much debt all of a sudden, and the operating system also needs to adapt.
Lin Wei shook his head and said, "I only know that this time I might have to sell assets to pay off debts."
He is not an alarmist.
Only then did Yu Yong'an notice that Lin Wei had lost a lot of weight. One can imagine how much pressure he was under during this period of time.
He said with relief, "In Hong Kong, companies with a debt ratio of 80% are considered high-quality companies. If you can borrow another short-term loan equivalent to 80% of your assets from the bank, it is nothing. Besides,
Well, don’t you still believe in Ayuan’s ability?”
"I don't doubt it, but who can say that we can win 100% in the stock market? According to what A Yuan said, this financial crisis is measured in billions of dollars, and all our funds are tied to it. If
If you lose, it won't be as simple as selling your assets to pay off your debts, and you may end up going back to before liberation overnight." Lin Wei said in a deep voice.
Su Wangting said, "Mr. Yu, Mr. Lin's concerns are justified. The stock market is too risky. It is indeed too risky for Mr. Yao to place all his hopes on the stock market."
In fact, Lin Wei still had something to say, which was that Yao Yuan had invested all his private money and was ready for war in the Korean financial market. That money was Yao Yuan's gains in the Tokyo stock market in the past few years, and it was real
Life-saving money cannot be used easily.
In other words, Yao Yuan no longer has the funds to act as a fallback.
At the beginning, Yao Yuan told Lin Wei that even if Dongfeng Group was completely gone, with this money, it would not take long for it to make a comeback, and only the two of them knew about this money.
Now that Yao Yuan has used this money, it means that he has no way out for himself.
Chapter completed!