Tengfei Real Estate Development Corporation issued a notice.

The notice requires that the branch’s deputy general manager and above managers concentrate on learning the new land transfer system.

Leaders of branch companies from other places study on site.

The head office and its six construction companies in Shanghai must study in a concentrated manner.

That morning, the 24th floor of the East District of Tengfei Building, Tengfei Company Conference Room.

A total of about 100 people from the top and middle level participated in the study.

I also participated in it myself.

Talked by Professor Qiao.

Because Professor Qiao went to the city for two days to study.

The three female secretary Aiwei, Yin Yiran and Feng Xiaoying, who were the first to be handed over, also attended the study meeting and were responsible for distributing relevant materials to everyone.

The study meeting was hosted by a free-handed person, and he also said a few words.

"Dear colleagues, this study will be very important today, and you must learn. The emergence of the bidding and auction system indicates the regularization and normalization of the real estate market. The above is a pilot, but in fact, I can tell you that it will be officially implemented after the pilot. Whether you work in Tengfei Company or start your own business independently in the future, this lesson must be taught."

There was a laugh in the conference room because I said "starting an independent business" from scratch.

"Now, we welcome Professor Qiao to teach us."

White hands clapped and sat down.

The applause was warm.

Professor Qiao started the lecture.

"Dear colleagues, everyone knows that whether it is residential, commercial or industrial, land acquisition is an important part and the first part for real estate developers. There are many ways to obtain land use rights, such as transfer, allocation, cooperation with current land use rights owners, etc. Among them, land transfer is a brand new way to acquire land and a fixed way to acquire land in the future."

"The transfer of land is mainly divided into two ways: bidding, auction, and agreement transfer. In the past, it was mainly agreement transfer. Now, with the increasing improvement of various legal systems, the government has implemented the public disclosure system in the primary land market with the lowest price standard in order to ensure the maximization of state-owned land income and avoid the loss of state-owned land. From June 1 this year, all types of commercial land such as tourism, entertainment and commercial housing must be sold through bidding, auction, and only in special circumstances are allowed to be transferred through agreement."

"In other words, acquiring land through bidding and auction will become the main way. So, what does bidding and auction mean? What is the difference between the three? From a conceptual perspective, land bidding and auction are three ways to transfer state-owned commercial land, namely bidding, auction and listing. The common feature of land bidding and auction is openness, but there are differences in specific operations, which are often confused."

"1. Bidding and transfer. The land administrative department of the municipal and county governments, that is, the transferor first issues a bidding announcement, inviting specific or unspecified citizens, legal persons and other organizations to participate in the bidding of state-owned land use rights, and determine the land users based on the bidding results."

"Second, auction and transfer. The transferor will issue an auction announcement, and the bidder will conduct public bidding at the designated time and place, and determine the behavior of the land user based on the bid results."

"Three, listing and transfer. The transferor will issue a listing announcement. The transaction conditions for the intended transfer of the land will be announced at the designated land trading venue within the time limit stipulated in the announcement. The bidder's quotation application will be accepted and the listing price will be updated. The land user will be determined based on the bid results at the end of the listing period."

...

Professor Qiao taught for an entire hour.

Amid the applause, Professor Qiao sat down.

Baishou stood up and spoke again.

"Everyone, Professor Qiao said, and you listened to it, will everything be fine? Tell you that this is just the beginning. After you go back, you must carefully study the information you have. Don't blame me for not telling you that in the second half of this year, I will conduct a written examination on you."

"What are you taking? The materials I sent to you today, basic knowledge of the construction industry, and various construction standards and quality standards for this year. At that time, I will ask experts to give questions and ask experts to score. What should I do after the exam? The old rules are: If you get the exam, you will get a prize. If you fail the exam, I will punish you."

Lao Yu asked with a smile, "Boss, how do you plan to punish me?"

"Haha... I'll punish him as Professor Qiao and teach us."

The conference room suddenly burst into hilariousness.

The laughter lasted for one or two minutes.

Finally, he waved his hand from scratch.

The laughter finally stopped.

I continued to speak for myself, and the topic turned to the direction that everyone was interested in.

"Taking down today's opportunity, I want to announce a major decision to everyone, that is, our Tengfei Real Estate Development Corporation will not be listed for the time being."

The conference room was silent.

Then, there was a thunderous applause.

Baishou shook his head with a smile.

The applause stopped quickly.

"Don't be too happy too early. What I mean is that it will not be listed for the time being. What does it mean that it will not be listed for the time being? It means that it will not be listed now, and it may be listed in the future. When will this be in the future? I don't know, it may be next year, maybe five years later, ten years later, or it may never be."

"Under what circumstances will it go public? Everyone knows that listing is for financing. To put it bluntly, it is for making money. So, as long as our Tengfei company is well-managed and does not lack funds, there is no need to go public."

"Private enterprises are mainly divided into three categories. One is traditional enterprises, namely bosses and a group of employees. The other is non-listed enterprises with employee shareholding. The other is listed enterprises."

"Where is our Tengfei Company? It is between the first-class and the second-class enterprises. We are engaged in employee shareholding, but only to some grassroots managers. Our task in the second half of this year is to develop stockholding employees to all grassroots managers and all technical workers."

Applause rang out in the conference room again.

"But at this point, it is not considered that all employees hold shares, because there are still two-thirds of the migrant workers, and their interests must be considered. So on the one hand, we implement an employee shareholding system and dividends are distributed according to the stock at the end of the year. On the other hand, we implement a bonus system for front-line migrant workers and will be distributed in a centralized manner at the end of the year."

"I want to explain here that I have referred to the architectural model of foreign private enterprises and combined with our actual situation to formulate the current employee shareholding model. Lao Gu, let me explain it below."

Lao Gu announced the "Tengfei Company Equity Distribution and Adjustment Plan".

After Lao Gu introduced it, the three female secretaries issued the "Plan".

Lao Gu said: "Everyone, what the boss means is that after you go back, you will solicit opinions from the following regarding the specific content of the "Plan". A month later, everyone will concentrate the following opinions and then the boss will formally finalize them. By the end of this year, the "Plan" will be officially implemented according to the "Plan".

Nodded, "That's it. Lao Gu, I will make this plan public to the "New Report" and I will make it public to the whole society."
Chapter completed!