My rebirth is different

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Under normal circumstances, the loan amount is given at about [-]% of the market value of the pledged shares.

But Yu Wenfei said, I hope they can be more sincere, which means that the ratio should not be too low.

Chapter 804 Low-key investment

This time, when Yu Wenfei pledged his shares, he chose Citibank for a reason.

If you go to a domestic bank, you may not be able to handle this equity pledge.

Because Facebook is not listed in China, it is more difficult for banks to supervise the pledge of shares.

Besides, the domestic "Company Law" stipulates that if the company has been listed for less than one year, the shares in the hands of major shareholders cannot be pledged!

In addition, Yuwenfei still wants a higher ratio of share-backed loans.

Talk to Citibank, and he can directly bring it up. The two parties are talking about business. If Citigroup can accept it, then it will give a higher ratio. If it feels that the risk is too high, then it will be lower.

But domestic banks are different. They are all state-owned enterprises. If you talk about the ratio of pledged loans too high, it is easy to leave something to talk about. When others attack you in the future, this will be a deadly weapon!

Therefore, in order to save trouble, Yu Wenfei will not give the money to domestic banks, and go directly to Citibank.

Citibank is also a shareholder and listing underwriter of Facebook, and it is in the "honeymoon period" with Yu Wenfei, and the cooperation is very pleasant.

…………

Citibank came over this time, and it was Fulp, the director of the credit department.

Don't look at his title as "Director", but in fact he is the head of the credit department, and in terms of rank, he is the head of the business department. He has quite a lot of power, but he is called differently.

If it weren't for the fact that the amount of the pledge could be higher than one billion US dollars, and the close relationship between Citibank and Facebook, he might not come forward.

So, after hearing Yu Wenfei say that he hoped to get a higher pledge ratio, he pondered for a while, and said straightforwardly: "Is it okay to pledge at [-]% of the stock price? How long does Mr. Fei want to pledge?"

Sixty percent?

Yu Wenfei thought for a while. With 1000 million shares and a market value of 27 billion U.S. dollars, if 16.2% is pledged, he can borrow [-] billion U.S. dollars, which is enough to invest in China Eastern Airlines Pearl Company, and even can't be used up.

Since the other party was so straightforward, Yu Wenfei said straightforwardly: "Yes! Just use this, the pledge time is calculated as five years, and there is a clause in the contract that can release the pledge in advance."

For the poor, it may be difficult to borrow 1 yuan in case of emergency.

But for the top rich, especially those who are still on the rise in their careers, they will never be short of money, even if they have no cash on hand, but a lot of financial institutions will surround you and want to lend you money.

Of course, the same financial institutions that revolve around you will freeze your assets and force you to pay back the money even more mercilessly when your career encounters a major setback!

What the bank is doing is the icing on the cake business, and the charitable organizations are the ones who help.

As far as Yu Wenfei's current career development trend is concerned, banks all over the world are eager to lend him money, so the equity pledge is just a trivial matter.

Not to mention that there are still Facebook shares that can be pledged, even if they don't, if he wants to borrow money, Citibank will lend him with confidence.

The name Yuwenfei is the biggest guarantee!

…………

Citibank's work efficiency is very high. In less than a week, [-] billion U.S. dollars was deposited into Yu Wenfei's private account opened with Citibank.

"Fourth Uncle, I've got the money here. Have you figured out the valuation of Pearl Company, and how many shares are you going to sell to me?" Yu Wenfei called Fourth Uncle and asked.

"Ha, you're pretty fast. I haven't been idle during this period of time. I found a professional company to do a valuation of Mingzhu Company. In addition, I also discussed your investment in the group leadership meeting.

Pearl company's valuation includes tangible and intangible assets, a total of 30 billion yuan.

If you invest, you can invest up to 70 billion yuan, accounting for 70.00% of the shares! "

Mingzhu Company is quite valuable, at least there are several large cargo planes, and the staffing is very complete, and it can use the supporting resources of the group company.

For example, pilots, flight attendants, ground staff, etc., if necessary, can directly apply to the group company.

What this company lacks now is money and business!

And Yu Wenfei's shareholding can just help Pearl Company solve these two problems.

Money, Yu Wenfei has a lot.

Business, after the establishment of the private jet club, Facebook companies alone can contribute a lot of performance.

Especially after the North American companies of Facebook and Facebook Games were established, executives traveled frequently between the two countries, and Yu Wenfei would often go to the United States.

In addition, under his leadership, there may be many other rich people in the magic city, but try the private jet business.

These can bring a lot of revenue to Mingzhu Company.

…………

After hearing what Uncle Si said, Yu Wenfei was taken aback for a moment. The valuation of Mingzhu Company was lower than he expected.

It seems that China Eastern Airlines still has a lot of goodwill towards itself.

Tangible assets are easy to value, while those intangible assets are easy to add water. Seriously, even if Mingzhu’s value is 50 billion or more, it can be justified. It only needs to have a high valuation of intangible assets.

But China Eastern Airlines did not do this, but gave a real price.

Then I have pledged so much money in shares, and now I can't use it.

"Well, let's do this. I'll invest 70 billion yuan for the company's purchase of private jets and daily operations. In addition, I will personally pay another 747 million U.S. dollars. This money will be used to help me order a Boeing 8-[-] VIP plane privately. This plane is for my personal use, and it is entrusted to the Pearl Private Jet Club, which can be regarded as the company's first private jet business." Yu Wenfei said.

Indeed, the Boeing 747-8VIP worth [-] million U.S. dollars, in this year, apart from Yu Wenfei, probably no other rich man can afford it.

This is completely a large passenger plane. Once it takes off, the fuel money alone is enough to make many people go bankrupt...

A normal jet private jet can cost 5000 to [-] million U.S. dollars, which is considered very high-end.

And the cheap ones cost about 1000 million US dollars.

Those were the mainstream private jets at that time, and only ordinary rich people could afford to use them.

"Huo! You really want to buy that big guy! Last time I thought you were joking?" Fourth Uncle exclaimed on the phone.

Yu Wenfei mentioned this super sky palace worth [-] million U.S. dollars last time. At that time, he thought that Yu Wenfei was just talking about it, who could afford such a big plane for private use.

Generally, the annual maintenance cost of a private jet is one-tenth of the price of the plane. Therefore, the maintenance cost of this 3000 million US dollar aircraft alone is [-] to [-] million US dollars per year...

This could buy a smaller business jet!

Such a high maintenance cost, if a large passenger aircraft is used for operation, then it's okay, it can be earned back.

But it's a bit outrageous for a private jet.