A Research About Eastern Guangdong Project Of YB Financing Scheme Planning

YB company as a real estate as the main business, covering construction, renovation, property management, hotel development and management, education and other sectors of the domestic well-known comprehensive enterprise group. In opening up the Guangdong line, second-tier cities market business activities and achieved results should not be underestimated, in recent years, YB company’s intention to further explore the market three or four lines, and has embarked on the eastern region FS County XF investment projects. In a further open up the market in the process, YB companies need to get more financing. This leads to the topic of this paper: "YB company for project financing scheme XF Decision." YB’s financing options for decision-making research, and that helps to further develop the future three or four lines market project financing to provide a reference, but also has great significance to improve its risk control, optimizing corporate governance, improve enterprise efficiency and the like.Through theoretical analysis, interviews and Comparative Law, etc., the first of the company’s operations YB analyze the situation, YB grasp on the basis of the company’s financial profile, this article eastern XF project was carried out in-depth analysis, Estimated project costs and by income obtained estimated cash flow,the company estimates YB eastern XF total financing needs of 618,895,400 yuan Then, through the analysis of B financing environment in which the company, as well as a variety of financing methods for comparison, the three financing options:(A) Debt Financing: YB company in China for the issuance of 620.75 million yuan worth of three-year bonds(B) Credit: Triennial in China to obtain loans 618.9 million yuan through bank loans.(C) Additional shares: the price of HK 3.10 yuan / share issuance of shares 23900 shares.Three proposed financing plan, the paper were based on cost perspective and the perspective of risk financing options in-depth analysis, based on the final results of the analysis to compare three financing programs, concluded:(A) Three financing schemes have advantages and disadvantages in terms of cost, par.(B) Option One and Option Two are highly feasible, three feasibility of the program by the stock market downturn.(C) Option One and Option Two will increase the company’s debt burden, increasing the risk of financial distress; Option Three will have control over the risk of dilution; and Option III, although a program of funds credited into account the risk of a slow; the program with a program two projects have a cash the risk of insufficient flow completely when the loan maturity bonds and debt service; a program and financing programs Erdu need to take the interest rate risk; Option three additional shares will need to bear the exchange rate risk.Comprehensive analysis and comparison of the results of various factors, the paper argues that financing Option Two: in China to obtain a three-year loans by 618.9 million yuan of bank loans is relatively better program selection.