Dad Su mentioned financing Hengda, and after several contacts, things came to a head.
It's interesting to say.
Hengda was in a hurry to spend money, fearing that the big benefactor who had finally found it would run away.
Father Su also believed Su Yehao's statement that "real estate companies will be allowed to go public soon" and was worried that he would miss good investment opportunities if he acted too slowly.
The two parties flirted with each other, and the entire financing project progressed at a rapid pace.
Several teams that had just helped Su Yehao go to various places to check and rectify the accounts were directly taken to Hengda Real Estate to be responsible for the overall assessment of Hengda's assets and liabilities.
The final conclusion was - "I'm worried that it will go bankrupt tomorrow."
According to the conclusion of the report, Hengda's current total assets are around RMB 1.6 billion, but its total liabilities to banks are as high as RMB 1.3 billion.
This also means that it has been playing with leverage before, and its own assets are actually very small.
High debt brings high risk.
For example, a real estate company borrowed 1 billion from the bank to buy a piece of land. After one year, if the land is worth 1.5 billion, then it can sell the land at any time to repay the principal, and there will still be a lot left after paying off the interest.
profit.
But if the land is only worth 500 million in one year, then the problem of debt will arise, so the evaluation team will say that it is worried that it will go bankrupt tomorrow.
Hengda is now completely betting that the value of the land they acquired in the mainland will not fall.
Most of the real estate companies in the north are now playing this trick, even Sujia, Sihai International and Biguiyuan invested by Su Yehao. The difference is just more or less leverage, and who has more cash flow.
Like Hengda, using its net assets of 300 million yuan to leverage real estate projects worth 1.6 billion yuan is tantamount to risking one's life.
If there is any turbulence in the market and the drop exceeds 10%, judging from the bank's habit of "borrowing umbrellas on sunny days and closing them on rainy days", Hengda will probably be completely cool.
It ranked sixth among Guangzhou real estate companies last year, and its strength is actually not very strong.
However, the owner of this company has very good social skills. I met Mr. Su several times when he went to Guangzhou, and we got to know him after two visits.
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January 15, 2001.
Su Yehao learned that his old man was going to Guangzhou to discuss the issue of financing and shareholding ratio with the boss of Hengda, so he volunteered to go together.
This time we left by land, and when the two motorcades merged, Father Su realized that he had actually brought Miss Vera with him.
The Andrade family is quite famous in the gambling city. Miss Vera's mother often plays mahjong with her second concubine. Of course, Father Su knows who this beautiful foreign girl is.
Because they were riding in the same car, Mr. Su kept talking all the way. It was not until he passed the registration that he found the opportunity and said with a glare:
"You really don't have a long memory. You have just settled things at home, and now you are thinking about other girls again? If you are thinking about it, you should be more careful and bring this young lady out to play openly. Are you afraid that Jiang Yu and Nangong and the others won't find out?"
After his father finished speaking, Su Yehao's eyes twitched and he explained:
"Didn't I mention that I'm just asking her to help draw some murals? You should come over in advance to inspect and draw some samples. Vera has never been to Pengcheng and is not familiar with the place. How can it be as bad as you think?
Dirty, am I just a playboy in your heart?"
Father Su did not hesitate at all, rolled his eyes and said:
"Nonsense, you are not who you are. With your cool and unrestrained energy, even your father and I have to be inferior to you. I was still boiling a frog in warm water. How old are you? Then you brought her out.
Have you told Nangong, Miss Nong and the others to be careful not to let the yellow mud fall into your crotch, and you will get all horny because you can't eat the mutton, thank you..."
These last three words...are the finishing touch.
Thinking that he was really his biological father, Su Yehao replied: "Both Nangong and Jiang Yu know that Jiang Yu also asked me to take good care of her. What kind of reputation do I have outside now? Even if I say that Miss Vera likes me, I still want them."
Just be willing to believe it.”
"Tsk... Fortunately, you have good luck with women. Otherwise, with your current reputation, it would be difficult to find you a good wife. For a while, the old Zhao family seemed to have the intention of bringing you and Zhao Yimeng together.
Now I won’t say a word about it anymore.”
"..."
Thinking that there was no chance between himself and Zhao Yimeng, Su Yehao said to his father:
"It's worthy of being able to make such a big business. You can really adapt to the situation. If Uncle Zhao and the others had agreed to marry the two families in 1997, there might not have been so many things. Engagement and marriage are a bit different from love after all.
It’s the same. We’re together for the sake of profit or something like that. Life is not interesting, we still have to like each other.”
Regarding these words, Father Su agreed from the bottom of his heart and said:
"That guy, Lao Zhao, is famous for being cautious. It's his fault that he doesn't have the foresight to pick out your golden nugget. He must have regretted it long ago."
When talking about this kind of topic, Father Su's face was filled with the words "gloating about misfortune".
Nowadays, the Su family is so powerful that it ranks among the top even among the many wealthy families in Hong Kong City, and the gap with the Zhao family has completely widened.
Not to mention Su Yehao's wealth, even the size of Sihai International Group is larger than that of Donghuang Group. What's more, Sihai International belongs to the Su family, while Donghuang Group's equity is very dispersed.
When business reaches the level they do, the competition is not just about who is stronger and more famous. Houses, cars, food and clothing that ordinary people like to compare are nothing.
Miss Vera went to the bathroom and hasn't come back yet.
At this moment, Father Su looked around and lowered his voice and told me: "This time your mother has given me a task to give some supplements to the person you raise at the Shahe Golf Course. Your mother may even give it to you in person when she is free.
Visit her. After all, she is pregnant with our grandson or granddaughter, so we should care about her and establish a good relationship in advance."
"...It's not necessary. At worst, next time Liuli goes to Hong Kong City for a pregnancy test, I will ask her to go directly to my mother. Letting my mother come to Peng City in such a big way is a bit eye-catching, so please don't
Find something for me to do."
After finally settling the matter last month, what Su Yehao is most afraid of now is unintended consequences.
His father nodded and said calmly: "Don't worry, your mother is reliable and will never cause you trouble. The last eldest grandson was given away in vain, is this one a boy or a girl?"
"How can you call it a gift? My son is still my son, and your grandson is still your grandson. It's just a different surname. There is no need to care."
"You young people have different ideas from our generation."
Father Su didn't say much. After seeing Miss Vera come back, he waved for everyone to get in the car and set off first to the Sihai International Cultural Tourism City on the edge of Pengcheng Bay.
The shopping mall in Cultural Tourism City has opened ahead of schedule, and about 75% of the office buildings next to it have completed leasing. In recent years, many office buildings have been built in Pengcheng. The competition in the leasing market is a bit fierce. Calculating the rent and cost, the return rate is far lower than that in Hong Kong City.
of office buildings.
It's a shopping mall.
Since its opening, business has been particularly prosperous. We have already seen money coming back, and several new bus lines have been opened from the surrounding area to the bus station on the roadside in front of the mall.
The subway line has also been initially determined, and two stations will be reserved within the cultural tourism city. Once completed, the transportation will be particularly convenient...