The global economy faces the risk of recession and the market environment is not good.
Even the mainland, which is developing at an astonishing rate, has experienced a sharp decline in the stock market and the value of various assets has dropped. It takes a while for the bullets to fly.
Ever since he discovered that the funds on hand might not be enough, and there were no good opportunities to make quick money in the short term, Su Yehao knew that his assets had hit a small bottleneck.
Inadvertently, the debt ratio has exceeded 30% of the asset size. Fortunately, most of it is concentrated in the real estate field.
Internet companies in the Mainland, Internet companies in the United States, real estate, investment and financial management, semiconductors, etc. are all burning money. One or two companies can still withstand it, but Su Yehao has so many companies under his control, even he is starting to be a little worried.
I feel it is necessary to stop and consolidate.
So since mid-July, Su Yehao has pressed the pause button on even the plan to acquire shares in Apple.
His share of Apple stock accounts for about 17% of the company's total share capital, and he spent nearly US$700 million, 40% of which was borrowed from banks.
After returning from traveling to Caiyunzhinan.
Su Yehao cultivates his moral character and lives a relatively leisurely life. In addition to eating and drinking with the girls, he occasionally spends time with his children, and often invites Buck-toothed Jun and the others to play mahjong together.
In order to kill time, he asked people to build an online novel website in the mainland and spent money to hold an essay competition, which could provide Tianyu Entertainment with some adaptable script copyrights.
The start-up capital of the novel website is only 10 million yuan. In his eyes, an investment of this scale is just a drop in the bucket, and he doesn't need to take it to heart at all...
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A blink of an eye.
It's November.
Su Yehao returned to the casino and had dinner with his second aunt, Nong Qingying and his father.
During the banquet.
Father Su took Su Yehao to drink and told him:
"Er, I've been very worried these past two days. The land has been taken and I have no idea about the design of the hotel. Do you have any good ideas?"
I just won the bid during the day and successfully obtained a gambling card.
The initial idea above was to issue three cards. Later, there were more bidders and there were many conflicts between them, so the number was increased to six, the term "primary and secondary cards" was cancelled, and six cards were directly issued, which also increased financial revenue.
The total profit scale of the gambling industry in the casino last year was only a few billion Hong Kong dollars, which was not a particularly outstanding business.
The Su family plans to invest 20 billion Hong Kong dollars, and plans to open shopping malls and amusement parks, putting the casino itself second, which just caters to the idea of vigorously developing tourism. Its own strength is far superior to other competitors. The result of winning the bid was expected by everyone.
There is no doubt in it.
Also winning bids were Lisboa, Wynn, Sands, Genting Group and a new Hong Kong-city joint venture called Nebula. Several Hong Kong city tycoons claimed to have raised one billion US dollars.
Su Yehao didn't know much about the gambling industry in casinos in his previous life, but he was sure that he had never heard of Nebula Casino, but he had heard of Genting Group, and he vaguely remembered that it was a major casino in Southeast Asia.
The group of people who were not strong enough were directly eliminated. Many of them were just joining in the fun, planning to win the gambling license first and then raise money for development. The others were not fools, so how could they be given the opportunity to steal the chicken.
A total of more than 20 companies bid for six gambling cards. Big companies like Sihai International, Sands, and Wynn went all out when they made the bid.
As early as the end of August, Sihai International acquired 1,400 acres of land on Taipa Island, which was connected to the more than 300 acres of land for a complex it had acquired next door. The scale of the land occupied was far larger than that of other peers.
The reason why I dared to buy more than a thousand acres of land on Taipa Island in advance is because the land in the casino will most likely appreciate in value. Even if the casino is not opened, it is still very profitable. Compared with the previous two years, the land price in the casino has risen a lot.
.
now.
Su Yehao was eating oysters and answered his father:
"The design needs to be more grand. Since we plan to keep it in our hands to collect rent, the exterior wall must be able to withstand the wind and rain for a hundred years. The exterior wall is made of white granite, European architectural style, and illuminated with yellow lights at night. It is equivalent to an attraction in itself. Mainland tourists compare
I like this style, like the ones on the Bund in Shanghai.”
Nong Qingying continued: "It feels very good. Some tourists like to gamble, while others just want to shop and play. Many old buildings in Europe are still very beautiful and their styles are enduring."
After thinking about it, Father Su nodded:
"I will discuss with the design office and make some prototypes first. My idea can also be liked by most tourists, but compared with a standard modern hotel, the cost is a little higher."
"So much money has been spent, but this is the difference. The hotel is still a hotel, the appearance has changed a little."
Su Yehao was calmly eating.
The family had been planning for several months, and it was not surprising at all to get the gambling license.
After getting the gambling license in the morning, banks couldn't wait to find Mr. Su one after another in the afternoon, hoping to get a loan order.
For a business like this that has real estate as collateral, it is not a problem to borrow more than 10 billion. However, the casino is being constructed in stages and does not require that much money in the short term, so start-up funds are not a problem for the time being.
The second aunt listened to their conversation with a smile, helped Nong Qingying and Su Yehao serve a bowl of pigeon soup, and said:
"The most troublesome things have been done. Isn't it easy to design a hotel? We have a construction team at home, and the cost is much lower than others. We will use good building materials when the time comes. Let alone a hundred years, there will be no problem in two hundred years.
As long as it is regularly maintained and renovated, this hotel can be regarded as a family heirloom.”
Su Yehao looked at his second aunt, changed the subject and asked, "Second aunt, my dad said you are going to start a business?"
"Yeah, find something for yourself to kill time. It just so happens that you are going to open a chain of shopping malls. Then I will rent some shops there, sell gold and silver jewelry, and open a few restaurants. It is said that there are some brands in Hong Kong City that are developed in the mainland.
It's very good, I just want to integrate the old brands in the casino and bring them to the mainland to try them."
The second aunt is too good at taking care of herself, and her appearance is still the same as before. Perhaps it is because she is like a fish in water in the circle of rich ladies in the casino, and she seems to be living a particularly nourishing life.
Su Yehao chuckled and replied: "This is a great idea. I have resources at home, so it will be much easier to open a store. Second aunt, have you found a brand to cooperate with?"
"Well, they are all time-honored restaurants. The restaurants include Nanping Yaxu, Foxiaolou for Portuguese cuisine, and Tiansheng Gold Shop, which has a history of more than 80 years. I have already bought them."
As soon as the second aunt finished speaking, Nong Qingying said: "I have been to Nanping Yaxu Restaurant. The decoration inside is a bit like the 1960s and 1970s. We may not care. Mainland customers should find their barbecued pork and egg sandwich fresh.
delicious."
As Jiang Yu's godmother, the second aunt is naturally partial to Jiang Yu.
However, Nong Qingying and Su Yehao already have a son, and they have become a family no matter what.
During this period of time, Nong Qingying has been busy working on the casino and has made a preparatory plan. Occasionally, he has contact with his second aunt, and is barely familiar with her...