"By the way, how is the development of Huayang Group this year?" Taking advantage of the time now, Liu Dong asked
"Thanks to the booming market in the domestic real estate industry, and of course your generous investment, Mr. Liu, we now have a total of seven residential communities under construction, one in Daocheng, two in Quancheng, two in Zhengzhou, and the remaining
The two invested 200 million Chinese yuan in development funds in Jinmen, and 5 of the development funds were bank loans. Now most of the properties have been sold out. Now our investment costs plus profits have reached 5.7 billion Chinese yuan. In addition to 500 million
In addition to repaying bank loans and interest, the remaining 5.2 billion funds are basically used to acquire land.”
"Now, we already own 12 pieces of 5,768 acres of land in Daocheng, Quancheng, Zhengzhou, Jinmen, Jingcheng and Magic City. We are now contacting banks for mortgage loans and expanding the construction team to gradually develop it. By the end of next year, we in China will
Yang Real Estate will have the ability to develop 15 communities at the same time, with annual profits exceeding 300 million."
Seeing Feng Jianhui's high-spirited look, Liu Dong took on the role of a listener.
"Huayang Property Company has now purchased properties in 5 buildings and 13 new communities. This year's profit will exceed 500 million. Next year, after the properties of the communities developed by our company are merged, the property company's profits will at least double.
"Double"
"Huayang Real Estate Brokerage Company is now mainly engaged in the sale of second-hand houses and the leasing of houses. After several mergers and acquisitions, it has established a presence in Quancheng, Daocheng, Zhengzhou, Luoyang, Kaifeng, Jinmen, Beijing, Magic City and other northern eighteenth-century cities.
Branch offices have been established in major cities, with an annual profit of 300 million yuan. Next year, the number of branches of Huayang Real Estate Brokerage Company will increase to 3, with a profit level of 500 million yuan."
"The remaining Huayang Furniture Design Company and Huayang Garden Design Company are relatively low-profit because they were established late and are not well-known enough. The profits of these two companies this year are only about 100 million."
"The only thing that is not profitable is that Huayang Ancient Construction Engineering Company, due to the particularity of the industry, is not well-known and it is difficult for us to get the work of constructing or repairing such ancient buildings," Feng Jianhui said with a frown.
To be honest, if Liu Dong had not insisted, he would not have agreed to set up a company within the group that specializes in the development and restoration of ancient buildings. Without him, the business would be too narrow.
The reason why Liu Dong established the ancient construction engineering company in the Huayang Group was to lay the foundation for the future reconstruction of the Old Summer Palace. Liu Dong was worried about others. Only his own company could Liu Dong truly trust, not to mention that the wealth would not go to outsiders.
?
Of course, I can still tell Feng Jianhui about this for the time being.
"Old Feng, Huayang Group has developed well under your leadership. The total assets are now close to 10 billion Huaxia coins, right?" Liu Dongxiao asked.
"Counting six branches, Huayang Group's current assets have reached 800 million Chinese dollars, but we still owe nearly 500 million in bank loans. The debt ratio is close to 60%, which has put our finances in danger.
"Although he said this, Feng Jianhui did not sound very worried, because real estate is originally an industry that operates with high debt. Unless it encounters an economic crisis or policy risk, there will basically be no break in the capital chain.
At present, domestic real estate development is in the ascendant, and it is still early for the huge market to form a bubble. Therefore, Feng Jianhui is not too worried.
He just said that just to remind Liu Dong that we are not rich. In the future, it is better to invest less in large investments such as billions of dollars.
Liu Dong was not stupid, so he naturally heard Feng Jianhui's subtext, but he just smiled and didn't say much. He himself knows best how capable he is.
After the successful merger of Standard Chartered Bank, the surge in stock prices and the loan leverage that could be provided to him were enough to provide Liu Dong with a huge amount of US$200 million in funds.
Keeping this money in the bank is a waste, it would undoubtedly be more ideal to invest it in industry
"Does Huayang Group have any plans to develop commercial real estate next year?" Liu Dong asked after picking up the tea on the table and taking a sip.
Although he didn't understand Liu Dong's purpose, Feng Jianhui quickly said: "We have acquired 158 acres and 13 acres of land respectively in Pudong New District, the capital of Shanghai, and within the third ring road of Chaoyang District, Beijing. We plan to develop it into a 5A office building, Jiahua Five-Star
Hotels, 2-square-meter pillarless banquet halls and high-end serviced apartments, comprehensive shopping malls, high-end furnished apartments, underground parking lots and other comprehensive buildings for both residential and commercial use.”
After thinking for a while, Liu Dong said: "Old Feng, how high a commercial building can we build now?"
"A single unit should not exceed 2 meters," Feng Jianhui replied.
"2 meters"
Looking at Liu Dong's frown, Feng Jianhui nodded and said: "That's right. Now our Huayang Real Estate only has Level 1 construction qualification. According to national regulations, we can only undertake industrial and civil construction projects with a height of less than 2 meters, and projects with a height of less than 2 meters.
Structural Engineering”
“If we want to build super high-rise buildings, what kind of qualifications are needed?”
"Super high-rise building" Feng Jianhui said doubtfully.
According to national regulations, buildings with more than one storey or more than 1 meter in height are super high-rise buildings.
"I'm referring to super high-rise commercial buildings with a height of more than 1 meter," Liu Dong explained.
"Mi" After being shocked for a while, Feng Jianhui shook his head, "Director Liu, our Huayang Real Estate has no experience in building floors with a height of more than 1 meter, and building this kind of building requires special qualifications, which we do not have now."
"Special Qualification"
"Well, only construction companies with special qualifications can undertake the construction of various housing construction projects. And we are still two years away from meeting the conditions for applying for special qualifications."
Looking at the doubtful look on Liu Dong's face, Feng Jianhui paused for a moment and then said again: "We have met most of the application conditions for the special qualification. The only one is that the company's average annual project settlement income in the past three years has been more than 1.5 billion yuan. We only have
This year’s income is qualifying”
"So, if we only rely on our own development, we will have to wait until two years to get the qualifications," Liu Dong frowned.
"Maybe three years"
"Um"
Faced with Liu Dong's questioning look, Feng Jianhui said directly: "The procedures for special-grade construction qualifications are very cumbersome. If you can apply for it within one year, it is considered fast. It is normal for it to take two or three years to get it."
"It took too long," Liu Dongxin said.
He was not willing to wait for two years, let alone three years or even longer.
"Of course, it would be another matter if we could acquire a company with special-grade construction qualifications," Feng Jianhui said at the right time.
And the reason why he said this is that he also hopes to switch Liu Dong's investment direction from the steel industry back to real estate. After all, compared to the steel industry, which is facing high competition and low profits, the real estate industry is the real huge profit.
"So you have a goal?" Liu Dong looked at Feng Jianhui and smiled.
"Yes, but we don't have much hope of acquiring it," Feng Jianhui said.
"Let's talk about it first"
After nodding, Feng Jianhui said: "In addition to the state-owned construction groups, there is only one private enterprise with special qualifications in the entire Shandong Province. Shangyuan Construction Group has highway engineering, mechanical and electrical installation, steel structure engineering, curtain walls, fire protection, etc.
More than 2 first-level professional contracting qualifications, as well as foreign contracting project management qualifications, the group's business includes construction, scientific research and design, road and bridge construction, municipal engineering, equipment installation, decoration and decoration, project supervision, inspection and testing, commerce and logistics, machinery manufacturing, building materials
production, real estate development, etc.”
"Moreover, Shangyuan Construction Group has branches and construction teams in various northern provinces. The group's total assets reach 1.2 billion. If we can merge with Shangyuan Group, we will become a real estate giant comparable to Vanke and Country Garden."
"It's really good. Why do you say there is little hope of acquisition?" Liu Dong asked.
"Although Shangyuan Group is privately owned, its official background is too strong. Most of the group's shares are in the hands of relatives of officials in Quancheng City and Dongshan Province. Moreover, Wen Li, chairman of Yangming Group, who holds the controlling stake, is the current executive deputy of Quancheng City.
Mayor Zhong Changtao’s wife”
"Wait a minute, you said that Wen Li, the chairman of Yang Ming Group, owns equity in Shangyuan Group." Liu Dong interrupted Feng Jianhui.
Although he didn't understand why Liu Dong's reaction was so big when he mentioned Yang Ming Group, Feng Jianhui still nodded and said: "Yes, although Shangyuan Group is not listed, the controlling stake of the company is in the hands of Yang Ming Group. This is the entire
It’s something everyone in the Quancheng business district knows.”
"Look for a breakthrough," Liu Dongxin said.
How to attack the crazy woman Wen Li who always wants to kill herself has always been something Liu Dong has never forgotten. It is too dangerous to do it directly, and it is easy for unpredictable dangers to come in. Now Feng Jianhui's words have clearly given Liu Dong a clear message.
road.
As a leader of a business group that is so closely connected to official circles, Wen Li, including her husband Zhong Changtao, must not be very clean.
As long as you find evidence that the other party has been embezzling, accepting bribes, or offering bribes, it won't be that difficult to move them down.
Moreover, finding evidence is difficult for others, but it is very simple for Liu Dong who has the relic Yuanguang. As long as it exists, Liu Dong will definitely be able to find it.
"Dr. Liu, Dong Liu"
"Yeah, ah"
"You just now"
Looking at the questioning look on Feng Jianhui's face, Liu Dong explained: "I'm sorry, I suddenly thought of something and got distracted, please continue."
"I've already said it." Feng Jianhui was a bit dumbfounded.
After the relationship, all the words I said became a joke, and the other party didn't even listen to a word.
After reacting, Liu Dong, who felt a little embarrassed, stood up and said, "Then let's go back first. The auction is probably about to start."
After listening, Feng Jianhui, who stood up behind him, looked at Liu Dong's back and shook his head secretly. The inexplicable ending of this conversation was really confusing. To be continued.~, you can read the full text of the following chapters.