Chapter three hundred and seventy-fifth: go to eat full moon wine
Chen Mo spent 600 million on Lovely Ranch.
The current market conditions are not good. Chen Mo bought the lovely ranch because he was happy and happy...
In fact, the lovely ranch is not worth so much money. But considering the integrity of the ranch, if the ranch is divided and sold during the economic boom... it will be worth about 600 million.
What is valuable is that Ouyun City has become a 'development zone', which is also promoted by Cohen, as well as the consultant attorney hired by Stephen Valley Ranch behind the scenes. Chen Mo obtained a series of approvals in advance before the city planning was released...
…But these approvals, plus the land acquired in Ouxen City…
2 billion…
Chen Mo looked at Cohen: "Cute Ranch plus the investment project here, can it be worth 2 billion?"
The principal invested by Chen Mo was approximately US$1.1 billion. The net profit from this transaction was US$900 million?
Cohen spread his hands: "What 2 billion? There is 500 million in cash in the account. That's 1.5 billion."
"Nearly 40,000 acres of land, construction permits for more than 4,000 houses, two large resorts, a commercial planning area... US$1.5 billion to buy a lovely ranch and its projects is definitely not a worthwhile investment in the short term, but as a long-term investment,
It’s very maneuverable.”
Cohen closed the office door and sat opposite Chen Mo: "Large investment companies and large fund companies manage billions, tens of billions, or even hundreds of billions of funds. How can these companies guarantee that they will make money?
There will also be some operations that cannot be seen in the light, that is, operations that are not allowed by the China Securities Regulatory Commission. For the construction of the Ou Shen area, for them, they may not need to make money from outside. It is enough to make their own money.
.”
money laundering...
Lovely Ranch, because it is connected into one piece of land, has high development value.
Then there is the news coming out of Ouxen City. Planning a city in Ouxen City is a long-term development plan... It will take three years, five years, or even ten years to complete. Such a long time can be washed away
Clean is a lot of money.
Chen Mo earned more than 4 billion during the financial crisis. According to normal procedures, Chen Mo needs to pay US$1.5 billion in income tax.
Wells Fargo gave Chen Mo 3.3 billion in tax avoidance, which was an abnormal operation. If it were not for a special period, the bank would not necessarily accept this order... Chen Mo has made more than 4 billion, and Garrison Investment Company and the consortium behind it, they
How many more billions did you make?
Since the financial crisis, the U.S. stock market has lost $11.05 trillion, according to the latest statistics.
The evaporated money firstly falls into the hands of people who cash out and leaves the market; secondly, it will come back during the cycle; thirdly, it is swept away by inflation.
People who bought in at the right time made a lot of money during the financial crisis. The Garrison Group began to prepare in January last year to find out how much money they made and how much money they could not see.
They themselves know it.
They just need a big project now to absorb the money.
This is not just a problem faced by Garrison, but also by other investment companies that are unwilling to pay huge income taxes.
Chen Mo hadn't had enough fun in Hawaii yet. All of a sudden, the lovely and well-organized ranch was sold.
The next morning, Garrison came in person with his lawyer, and Chen Mo also contacted a team of lawyers. The entire Lovely Ranch and the businesses under the name of Lovely Ranch were all packaged and sold... Eisenberg was very angry after knowing the news.
Xuan didn't vomit blood. But in fact, after Garrison took over the business here, he must start to develop it, or else leave it to the long grass.
The 800 million offshore fund was a dark money that was not written into the contract. Instead, it was transferred directly to Chen Mo’s personal offshore company account, which was an HSBC account, and was not transferred back to China.
Chen Mo won't be able to use this 800 million US dollars for the time being, so he doesn't need to pay taxes... and he may not need to pay taxes in the future.
As for the other 1.2 billion, 1.1 billion is investment principal.
Part of the investment principal was after-tax money, and part was bank loans... In order to acquire Lovely Ranch and subsequent investment projects, Chen Mo borrowed a total of more than US$700 million.
Chen Mo also owes the bank nearly US$1 billion...
To repay the money or not, that is the question.
"Boss, all the properties here have been sold, what are your next plans?" Cohen thought about where to send his yacht next.
"I haven't thought about it yet." Chen Mo scratched his head: "I'll leave the moving matter to you. The Aston Martin One77, two Martin convertibles, and the big G will be sent back to my Valley Ranch in California."
"Um...where's the yacht?"
"Sell your boat directly. This business is good, I will give you a yacht later. As for my Riva 38, I looked online and it seems that it is difficult to buy, so I will send it to Hawaii first.
Store it in the warehouse. By the way, where is the key to warehouse No. 7 at Hilo Pier?" Chen Mo said: "Give it to me."
"The safe is in the office, go and get it now?"
"Um."
The mechanical equipment and pasture seeds previously ordered by Lovely Ranch have been delivered and stored in the warehouse at Hilo Port.
After getting the key to the warehouse, Chen Mo got on the Aston Martin One77 and went straight to Hilo. After driving the One77 a few times, Chen Mo didn't really want to drive a pickup truck or a big G, because the distance traveled was a bit far, and the GT sports car was more comfortable at first.
When we arrived at the port warehouse, it was almost dark. Chen Mo found the warehouse manager and asked him to take Chen Mo to Warehouse No. 7. Then he went in alone, closed the warehouse door, and after confirming that there were no cameras in the warehouse... he started to check
'Pick up the goods.
I opened one container one by one, using the portable space as an intermediary, and replaced all the forage in a total of ten minutes. Then I found a shipping company and sent these things back to San Francisco...
Busy with the follow-up handover work of Lovely Ranch until the end of the month, Bai Xiaoou called and asked Chen Mo to go back and have Bai Xue's full moon wine.
I bought the lovely ranch and have been using it for a total of 3 months now.
The acquisition of Lovely Ranch started in November. It took less than three months to be precise. Chen Mo worked hard and made a net profit of close to 900 million U.S. dollars, although it disrupted the original plan. It’s a bit unbelievable now that I think about it, but it’s true.
That's it.
Ai Li and Chen Xiao are having fun in Hainan, traveling, looking at houses, and bargaining... Now there are several villas they like, and they are going through some procedures to try to get Chen Mo and his family to go to Hainan for vacation during the Chinese New Year, so they can live there themselves.
villa.
If you have a villa, you must have a yacht... They will not come over for Bai Xiaoou's daughter's full moon wine. Chen Mo and Cohen will go there and fly directly to Napa on a private plane...