Chapter 1155: Restructuring Debts
At noon on Friday, there was another bombshell news that the Senate Transportation and Transportation Committee, led by Senator Edsimon Wayd, officially submitted the "Yingzhou Logistics Security Subsidy Bill".
In the afternoon of the same day, the Speaker of the House of Representatives and the President of the Senate simultaneously put the bill on the agenda of the Senate and the House of Representatives, and put it at the top of the priority list.
The House of Representatives is expected to vote on the bill next Wednesday.
When the news came out, major financial institutions raised the credit ratings of Zoe Shopping and Wanjia Energy to A+, or even AA+.
This is still some distance from a good credit evaluation, but it is completely out of the garbage level.
Thanks to this, some financial magazines generally believe that Zhang Xin's acquisition may make a big profit again.
It is believed that if the Zhang family can successfully solve the debt problem, then these two companies, which have been wholly owned by Zhang Xin, can bring at least 12.5 billion and 20 billion federal coins to the latter.
And the Popular Front's reciprocation is not limited to this. The party headquarters of the largest party in the federation in Yingzhou has sent an invitation to Zhang Xin, asking him to go to Yingzhou Star Field in the near future.
In addition, the board of directors of Yingzhou Reformers Bank also agreed to the acquisition plan of Weiyan Group at the same time.
In the end, the agreement was reached for the Weiyan Group to inject 1.5 billion federal dollars into the Yingzhou Reformers Bank to obtain a 67% stake in the Yingzhou Reformers Bank.
This price was much higher than the initial purchase price they had offered, and they were not able to complete the wholly-owned acquisition they had planned. However, with the benefits of the "Yingzhou Logistics Security Subsidy Act", it is inevitable that the controlling party of Yingzhou Reformer Bank will sit on the ground and raise the price.
Fortunately, Zhang Xin already had Zoe Shopping and Wanjia Energy in his hands, the two major Yingzhou reformer banks, with this ghost card, coupled with pressure from the People's Front, finally forced the board of directors of the reformer bank to agree to their capital injection acquisition plan.
And the 1.5 billion federal coins, in exchange for 67 percent of the equity, are actually far beyond Zhang Xin's expectations.
After all, this is a large bank that has absorbed reserves of 244.2 billion yuan, accounting for 19 percent of Yingzhou's total savings.
Five years ago, he would have paid ten times the price, and he might not have been able to bring this bank under his umbrella.
As for the invitation from the Yingzhou Party Department of the People's Front, Zhang Xinxin knew what was going on. This can indeed be regarded as the acceptance and recognition of him by the local forces in Yingzhou, but it is also an invitation to go to Yingzhou to squander money.
However, Zhang Xin readily agreed, and he was ready to treat himself as a fat pig and let the politicians of the Popular Front in Yingzhou slaughter him.
However, he will have to wait until a month later. On the one hand, it will take a certain amount of time to purchase the two billion materials, and on the other hand, the Shenwei Transportation Company is not ready to enter Yingzhou on a large scale. The expansion of this logistics company is imperative, but even with the connections and abilities of the white knight, this is not something that can be completed in the short term.
And the last reason is because he is so busy now, so busy that he doesn't even have time to live stream and collect psionic energy.
This made Zhang Xin look forward to the core figures of the Shenwei Zhang clan who were imprisoned, hoping that they could be released as soon as possible.
The release of these people from prison will cause a certain degree of restriction on his rights. But at least it can enable him to get some of his energy out of the quagmire of the company's operation and use it for his own cultivation-
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When Corona Conzel walked into her father's office with a frown, she found the chairman of the board of directors of Conzel News Corporation, engrossed in an electronic file.
"Father!"
Corona knocked on the doorframe, waking Claudine Conzel awake, and walked over to the opposite desk and sat down.
And from her perspective, she soon found that in front of the blonde middle-aged man, there was the words 'Shenwei Transportation' on the projection document.
- Although it was all handwriting upside down, it was easily recognizable to Coruna, who had already entered the second-order upper grade level.
"Shenwei Transportation? We, Kangcaier Group, are ready to buy the corporate bonds of Shenwei Transportation?"
Just three days ago, Shenwei Transportation issued a ten-year corporate bond with a total value of 3 billion federal dollars to the financial market through Guangye Financial Company and Weiyan Financial Services Company, with an annual interest rate of 7.5 percent. But that little guy's actions are more than thatβ"
Claudine Conzel then slid her finger again, and the documents were displayed in front of Corina: "Look at these!"
Corona already regretted mentioning the words 'Kamui Transport'. She didn't come for Shenwei Transport or Zhang Changzhi this time. But her father seemed very interested in the subject.
knows Claudien's character, and if he can't satisfy his talk, it is likely that his purpose of coming will eventually fail.
Shaking her head helplessly, Coruna looked at the papers anyway. She was not without curiosity in her heart, but she would never admit it.
This was only the first document, and Corona looked up in surprise.
"Zoe Shopping Chain plans to borrow 1.6 billion federal dollars from Conzel Bank at an annual interest rate of 8.5 percent?
You know, when she applied for an unsecured loan from the family entrepreneurship fund before, the annual interest rate was as high as 7.7.
So this loan application seems to her to be simply whimsical.
In the situation of Zoe chain shopping, how can it be possible to get an annual interest rate of 8.5?
But then she found something even more bizarre: underneath the loan application, there were already many electronic signatures β including her father.
"You must think that I am crazy, or that I am sympathetic to the situation of the Kamui Zhang clan, so I have reached out to them regardless of the interests of the group. On the contrary, I did not interfere with the loan. β
Claudine laughed: "The Yingzhou Logistics Security Subsidy Act, the financial center incident, the changes in the arms procurement fraud case, the unfreezing of the funds of the Weiyan Group, the support of the Popular Front, and the recent victory of Shenwei Transportation Company are enough as bargaining chips." The top analysts hired by Kangcaier Bank are collectively optimistic about the operation of the two major companies, Jizoe Shopping Chain and Wanjia Energy, as well as the profitability in the future. In fact, just yesterday, the retail sales of the Zoe shopping chain have risen by 34%, which has surpassed the heyday of the Zoe shopping chain. Although this has the impact of Zhang Changzhi's announcement of a donation of two billion, Zoe Shopping has recently used a huge amount of money to hire a mercenary group to maintain the smooth flow of business. But it is a fact that the brand and goodwill of the Zoe shopping chain in Yingzhou are rising rapidly. So today, Zoe Shopping and Wanjia Energy have reached a loan agreement totaling 8.5 billion. The process is quick, almost always within a day. β
When Corona heard this, her eyes couldn't help but condense slightly: "Is he reorganizing the debt structure of these two major companies?"