Since 1999, the national expansion of the United States began a crazy process, while its real estate development career began to flourish together. Huang Guangyu cause as big a step by step, he was eager to have to rely on the capital markets, access to adequate sources of cash for the country's ambitious expansion of U.S. dominance and the country estate of the Kingdom of the ambition to build to provide strong support.
Cash flow is the lifeblood of the retail business, no cash flow, business on unsustainable. Significant cash flow in the retail industry, each enterprise payment clearing time is different, larger companies generally paid billing cycle is 30 to 60 days, so there will always be some "settling money" floating on the book. The States United States purchase cycle is generally about 7 days, sell her into ready cash can be received, but it gives manufacturers is Acceptance. Therefore, Gome will exist a book on the number of non-small "precipitate capital", this way, greatly easing pressure on its resources. However, this does not fundamentally solve the problem of funding the country the United States.
Investment professionals have in-depth analysis of Jishu Peng, and referred to a professional term: "deadline" (Dead Man Walking). "Before that you may live in bigger way, but life and death, but then, people immediately see the outcome, that day is the end date debt. For business, once every Year, making it once, because of its reputation has accumulated a. manufacturers to do the second year program, will you this channel as the first. You can continue to borrow someone else's cash flow for expansion or another he used to do. But in this process, you have to think about how others money into their money, this is called 'soft landing'. If you take up more and more other people's money, but you have left to other people's money into their own opportunities for more and more money away, it will enter vicious cycle. sooner or later will face 'deadline' for this day. "
Huang Guangyu has always stressed the retail and real estate is his main business, but in addition to the year 2005, "the first country outside the United States" on his property and no major movement, why he will lose before the wrong real estate development opportunity for a few years? That is because the country was the United States still do not have enough money to support real estate development. It appears that the U.S. State of "settling funds," Huang Guangyu of the real estate industry does not give much help. How can we better finance it?
Jishu Peng analysis: "The use of commercial debt to support real estate development, are 'short-long financial investment', many companies are so fallen, must rise to a larger platform to operate. Through the backdoor listing to financing, do real estate, equity capital is always investment, and is not returnable, it became a 'long-short investment and finance', and structure is very stable. turned out other people's money, all of a sudden become a permanent of equity capital, you no longer have to suspense, and has suffered the loss. At last who foot the bill? shareholders! "
For listing, Huang Guangyu of reasons:
Capital operation, which I think should be divided into two. Our approach (listed) is to enable enterprises to solve the future development of capital market financing and development space. We are not playing with the capital market. As companies do today, it is necessary to establish a better platform, it is only through multi-channel support. Because companies do to some extent, the need for capital markets to support enterprises, enterprises can have more room for development.
Huang Guangyu
do hands on the market to prepare, while close attention to the dynamic Hong Kong stock market while the mainland to find "shell." In 2000, the 31-year-old Huang Guangyu to know the "king of gold shell," said fellow CHIM Pui-chung Chaoshan. CHIM PUI-called legend, stocks lost almost no pass-through. He has worked in more than 20 capital markets in Hong Kong "shell" business, and therefore earned wealth.
From June 2000 to September between 3 months chung, get a new "shell company"?? Hong Kong listed company CapitalAutomationHoldingLimted (Capital Automation Holdings Limited), stock Abbreviations: Capital Automation
