Chapter 1313 is in business
"In the past two years, I have bought 350,000 acres of land, and spent a total of 270 million US dollars, which is the big deal."
Xiao Zhumei secretly glanced at Fu Song. As expected, although he was still stern, the lines of his muscles on his face became much softer.
She knew that Fu Song had a paranoid love for the land, and she also knew that Fu Song's biggest ideal in his life was actually not to struggle in the high-tech industry, but to be a big landlord and then have a bunch of children.
Every day, I walk around on my vast land with my hands on my back, occasionally collecting rent, fishing, hunting, and then I become a human being when I get home at night.
So, she just started talking about what he was most concerned about, and the result showed that her move was still very easy to use.
So she felt relieved and her tone became much lighter: "The acquisition of two shipping companies plus the cost of ordering new ships is a total of 116 million US dollars..."
When Fu Song saw Xiao Zhumei paying her fingers seriously, he felt a headache. He didn't want to have a conflict with Xiao Zhumei for this matter.
Otherwise, let’s forget it. They both like to do whatever they want. In their own plans, the KV company will be left for Xiao Zhumei in the future.
However, this idea just came to my mind and was immediately extinguished by Fu Song.
It’s not that he is reluctant to let KV company out of such a large asset - although there is no exact number, Fu Song can roughly calculate that the current asset size of KV company will not be less than US$1 billion - but now he cannot let KV company out of his control.
KV Company was originally Fu Song's unintentional move, but he actually did not have any high expectations for it.
On the one hand, I wanted to be addicted to landlords. Although I "buyed" millions of acres of salted land and wasteland in China, what I actually bought was the right to use the land, not the ownership. The right to use has a term, up to 30 years, so I just wanted to buy some land in the United States and live a real landlord addiction.
On the other hand, with a try-and-see attitude, can Xiao Zhumei and her children leave a property that guarantees income from drought and flood?
But I didn't expect that I accidentally planted willows and became a shade, which made Xiao Zhumei and Catherine go through such a struggle, and became bigger and bigger, and became more and more prosperous.
As the kv company grows bigger and bigger, Fu Song's positioning of it has also changed.
He plans to use KV as his trump card, echoing the domestic Vision Group, and competing with those agricultural giants in the international market.
Although he still did not change his idea of leaving KV company to Xiao Zhumei, the company must be under his control. He absolutely cannot tolerate KV company doing his own thing, let alone tolerating KV company to destroy its plans.
Of course, if KV company fulfills its historical mission entrusted to it, then Fu Song can completely let go, but it won’t work now!
Thinking of this, he interrupted Xiao Zhumei and said, "If you are short of money, I can continue to invest money, but it is not free."
After saying that, he looked at Xiao Zhumei with deep meaning, hum, I was doing business with me for one-minute advertisement two days ago. Well, I will also do business with you this time!
Xiao Zhumei naturally understood what he meant, and was stunned and pursed her lips and said, "I will give you the advertisement for that minute for free!"
"It's too late!" Fu Song gave her a blank look, "What are you doing earlier?"
Catherine asked curiously, "What are you two talking about? Why can't I understand?"
Xiao Zhumei had to briefly introduce the matter. After hearing this, Katherine couldn't help laughing and shook her head gently and said, "Glenn, Victoria did it right, of course, you did it right. Okay, let's talk about your conditions."
Fu Song picked up the tea cup and took a sip of tea, and smiled and said, "In order to commend you two for your contributions to KV Company over the years, I decided to distribute another part of the options for you two."
Catherine's eyes lit up and she asked, "How much can you distribute?"
When KV company was established, Fu Song had distributed her 5% option for four years. At the end of last year, she had exercised her rights at the agreed price, which means that she is now a real shareholder of KV company.
Moreover, compared with the asset value of KV company during the exercise, her 5% option increased by ten times!
So, when she heard that Fu Song wanted to distribute options again, her eyes were filled with small ingots.
Although Xiao Zhumei knew that the KV company was reserved for her, she and Katherine had a reaction to her that she was bound to win options. After all, what she earned with her own abilities must be much more fragrant than what she earned with her eggs.
Fu Song took Xiao Zhumei and Katherine's expressions and smiled even more happily: "If I remember correctly, you both now have 5% of the shares of KV Company, right?"
Catherine and Xiao Zhumei nodded at the same time. The former gave Fu Song a resentful look because she bought her equity for real money, while Xiao Zhumei's share was "rewarded" by Fu Song.
As for why the "reward" isn't it because of this bitch that gave birth to two children?
"I plan to take out another 38% of the equity and divide it into two parts, each part is 19%. Each part is one part for you. You two will cash out 25% in five years, and you will cash out 25% in ten years, and you will cash out the remaining 50% in twenty years."
As soon as he finished speaking, Catherine exaggeratedly shouted: "Glenn, you actually want to tie me up with options for twenty years. You are so greedy!"
Fu Song heard something in Catherine's words. He had a ghost in his heart, but now he was even more guilty. He quickly glanced at Xiao Zhumei. Seeing that her expression was nothing unusual, he put his heart back in his stomach.
He coughed gently and said, "Catherine, you can never accept it."
Catherine immediately said, "Have I said it? Glenn, for your sincerity, I reluctantly agreed!"
Xiao Zhumei snorted and said, "I beg you not to force me!"
She was not prepared for Fu Song's sudden proposal of such a plan. She felt a little unbalanced when she thought that Catherine was on an equal footing with her. However, she had trained her scheming over the years and did not raise any objections on the spot.
Catherine glanced at Xiao Zhumei and smiled and said, "Victoria, don't be so stingy, okay? This is what I deserve!"
The last sentence she aggravated her tone and even gave Fu Song a charming look.
Fu Song pretended not to see it and said calmly: "However, from now on, every penny I invest in KV company is equivalent to additional investment. So, if you don't want your equity to be diluted, either add additional investments or..."
Katherine snapped her fingers and said, "Or don't expect you to invest more, isn't Glenn?"
Xiao Zhumei said speechlessly: "If you don't want to pay, just say it."
Fu Song smiled and said, "I just don't want to use my own money to fatten you two small shareholders. The 500 million US dollars the previous year had already made you two take a big advantage. Don't be unsatisfied."
In fact, he didn't want to pay money, nor did he want them to fatten up, but he didn't want them to develop the habit of asking for money when they were short of money, and treated themselves as their atm machine.
He just wants to add pressure to both of them, force them to operate steadily, and achieve the self-growth of KV company.
Xiao Zhumei choked by him because if the company system was strictly followed, the money should be considered as Fu Song's additional investment and included in paid-in capital, which would increase the capital accordingly, but in the end it was included in the capital reserve, which was equivalent to his donation.
Catherine smiled and said, "Glenn, I want to thank you here, thank you for your generosity and generosity. I have no objection to what you just said. What about Victoria, what about you?"
Seeing that Catherine raised her hand and surrendered, Xiao Zhumei knew that she could not support herself, so she said helplessly: "I am the same."
After saying that, she glared at Fu Song fiercely, hum, when I get home tonight, I will see how I will deal with you!
After chatting about the main business, seeing that it was already time for dinner, Catherine suggested finding a place to have lunch together.
Fu Song naturally would not object and agreed happily.
After the three of them entered the elevator, Fu Song suddenly remembered what he had talked to Xiao Zhumei when he came in the morning, and asked: "Catherine, I heard that Citibank plans to auction the lease rights of this building. Is there any such thing?"
Catherine nodded and smiled, "It was Victoria who told you. It's true that this is true, why are you interested?"
"If the price is right, you can consider it." Fu Song replied without any loss, "Do you know what the starting price is?"
"I don't know how much," Katherine shook her head, "but Citibank previously provided $60 million in financing for the leasehold transaction of this building. If the prevailing approach is followed, the starting price should not exceed $50 million."
Fu Song agrees with her judgment because the auction of collateral is different from the auction of other assets. The mortgagee’s most concerned about cash. In many cases, it is better to suffer a little loss than to quickly cash out the collateral.
Seeing that Fu Song was obviously moved, Catherine immediately warned: "Glenn, you don't know this building. I advise you not to make any idea about this building."
Fu Song was stunned when he heard this. Why was she like Xiao Zhumei not optimistic about this building?
So he smiled and said, "I wish to hear it carefully."
Catherine is a native of New York, and her father Andrew is also a big shot on Wall Street. Although she is not well aware of many things about Wall Street, she knows very well.
After listening to Catherine's introduction, Fu Song finally understood the reason why she and Xiao Zhumei were not optimistic about this building.
It turns out that the current dilemma of the building can be traced back to 1983. The Bernstein brothers spent $70 million to acquire the lease of the building and decided to renovate it.
Before the renovation was completed, two years later, the Bernstein family was found to be the white gloves of Philippine President Marcos. The next year, Marcos was ousted, his assets in the United States were frozen, and the renovation work was forced to stop. The future of the building became uncertain.
In 1989, the court ordered the auction of Marcos' assets in the United States. The Bernstein brothers submitted a winning bid of more than $100 million, but the Bernstein brothers only paid a down payment of $1.5 million, but the remaining money could not be taken out.
Then there was an auction and a resale. In short, in just a few years, the leasehold rights of the building were transferred n times. After each resale, the leaseholder vowed to renovate it, but he broke his promise.
Catherine said so many foreign names in one breath. Fu Song could tell who was who at first, but later he was completely fainted. Anyway, he only knew that the lease rights of the building were mortgaged to Citibank, and Citibank paid a price of $60 million.
Originally, Citibank wanted to cash out after renovation, which could reduce losses, but because he was worried that the tenants would move out during the renovation, he gave up this plan and decided to auction the lease right directly and cash out as soon as possible and leave the site.
While talking, the three of them had already found seats in a nearby restaurant.
Katherine looked at the menu and said, "Glenn, do you know? The vacancy rate of the 40 Wall Street building is now as high as 80%. If it weren't for the cheap rent, the KV company would have moved away long ago!"
"The vacancy rate is so high?" Fu Song had already started to give up after listening to Catherine's introduction, but when he heard that the vacancy rate of the building had reached 80%, he suddenly changed his mind.
In the United States, law is more inclined to protect the rights of the lessee. Generally speaking, if the lessee does not violate the lease contract, the lessee shall not arbitrarily expel the lessee.
This is exactly the opposite of the situation in China. In the domestic rental market, tenants can drive people in different ways, but this is unimaginable in the United States.
The ownership of many office buildings in the United States may be very clear, but the lease rights are divided into countless pieces, which has a great impact on the overall operation of office buildings.
For example, after you buy a long-term lease of an office building from someone, you suddenly find that many tenants are not in the market, which has a negative impact on the quality of the office building. If you want to drive out people, they will not miss you at all if they have a lease contract in hand.
If you want to raise the rent, force him to leave. If someone goes to court to sue you for breach of contract, the road will not be available.
Even if you want to renovate an office building, you must obtain the consent of the tenant.
Therefore, a vacancy rate of up to 80% is not only not bad news for Fu Song, but also good news.
Xiao Zhumei didn't know what Fu Song was thinking and explained: "The US economy has been bad in the past two years, and many companies have been deeply affected. They can't afford such high rent on Wall Street. They have moved to other places in Manhattan, and some even moved out of Manhattan Island. Therefore, many office buildings on Wall Street have relatively high vacancy rates."
Fu Song asked curiously: "How much can the rental fee for one year at Building 48 Wall Street?"
Katherine thought for a while and said, "If you rent it for a full time, it is roughly estimated that it should be at least $15 million a year, and the maximum will not exceed $20 million."
"So much?" Fu Song gasped. The rent of nearly 20 million yuan a year does not seem to be much, but this is a guaranteed income from drought and flood. And as time goes by, the rent will only get higher and higher.
Xiao Zhumei shook her head and said, "Although the rent is quite high, you still have to deduct management expenses. In fact, the annual net income is only 50 million US dollars at most."
Fu Song smiled and said, "Zhumei, you have such a high opinion now? You can't even look down on the net profit of 50,000 US dollars a year?"
"No!" Xiao Zhumei felt a little embarrassed when he said, "You have to think clearly that buying the lease right of this building is not profitable. You have to spend tens of millions of dollars to renovate it, and the total cost will not be less than 100 million US dollars!"
Chapter completed!