Chapter 489: It is difficult for three generations to be rich
Wansheng Real Estate acquired land worth more than 8 billion in one fell swoop, and its investment department continued to follow up on two old buildings and three pieces of land.
The real estate company requires a minimum down payment of RMB 20 to buy land, and you can get a bank loan for the rest. According to Wansheng Real Estate's financial reports, listed companies have financial transparency, which clearly goes beyond their capital flow.
Father Hu was very puzzled and called Hu Zhifeng over to ask: "Part of the funds withdrawn by Wansheng Real Estate before the stock market crash was used to repay bank debts. How did they get the capital flow of over one billion in the account?" Paying so much money to buy land?"
Hu Zhifeng didn't know either, and said: "I talked about this with Nie Zhan two weeks ago when I was playing ball. He said that there was not enough money in the account, otherwise he could take the opportunity to stock up on more. Land."
But now that Wansheng Real Estate is making such a big move, it seems like it has no money. It's just that he has known Nie Zhan for more than ten years, so it is impossible to lie to him, and there is no need.
Father Hu didn’t even know when he saw him, so he said: “Next month, I will bid for the land in Tsim Sha Tsui. You can invite him to have a meal and test his tone to see if he wants to bid too.”
p>He also wanted to hoard more land, but the stock market crash caused the company's stock price to drop a lot, and he was also planning to buy back some of his shares. In addition, the company had already set its sights on the land in Tsim Sha Tsui, and the company still had to keep some working capital. It was impossible to hoard a large amount of land like Nie Zhan. And that is too risky. If the real estate fluctuates greatly, the monthly interest will be a big problem.
"Okay."
Hu Zhifeng called Nie Zhan when he returned to his office and made an appointment to play ball on the weekend.
Nie Zhan said with a smile: "Do you have time tonight? I heard that Fulinmen has released a few new dishes. Feng Qinglei went to try them and said they tasted very good. Can we eat together tonight?"
p>Hu Zhifeng exclaimed and asked: "Are you going to eat tonight? You don't have to accompany Miss Lu tonight?"
Since Nie Zhan started dating, it has become difficult to date him. It was also because his wife and Lu Jiaxin had a good relationship, and they all made appointments to get together, so the number of meetings increased.
Nie Zhan was a little surprised that he didn’t know that Jia Xin was not in Hong Kong City. It seemed that Zong Shimeng had not contacted Jia Xin these days. He explained: "Jia Xin went back to the mainland for something, and it will take some time before he comes back."
Hu Zhifeng then understood why he had time to come out: "My Dabao fell down half a month ago. He broke his foot; Xiaobao had a cold and fever last week. Both children have recovered, but your sister-in-law is tired and sick again." Nie Zhan said: "Jiaxin may have left in a hurry and forgot to tell my sister-in-law. "
Hu Zhifeng laughed: "Maybe your sister-in-law forgot to tell me. A Zhan, do you want to call Tao Yong and Fu Ye?"
"Tao Yong is here now? I guess I'm not in the mood, so I won't call him. Fu Ye has a fiancée, so let's not disturb him, lest his fiancée come over again and have trouble eating." Nie Zhan said.
Lu Jiaxin didn’t complain to him about what happened last time, and Nie Zhan, a grown man, wouldn’t care about it. But I didn't expectOnce they made an appointment to play tennis together, and the woman came over, and the two of them had a fight.
When the two of them were having dinner in the evening, Hu Zhifeng smiled and said that he had made such big moves recently: "Azhan, you still have the courage to take so much land in one go. I also want to hoard more land. But my dad said it was too risky and refused."
There was some depression in his words. He believed in Nie Zhan's judgment that the property market in Hong Kong City would continue to be hot, and he should take advantage of this opportunity to acquire more land, but his father refused because the company did not have that much cash flow. In fact, it's not that the company doesn't have so much cash flow, but that he doesn't want the company's debt ratio to be too high. For example, Nie Zhan Company's highest debt ratio reached 68, and after paying off part of it, it still has 45, but their company's debt ratio has remained around 35.
Because of Nie Zhan's boldness and aggressiveness, Wansheng Real Estate's market value more than tripled in two years, while their real estate company only increased by 40% in more than two years. If you continue, the distance will become wider.
Nie Zhan said: "My grandfather is also conservative. He opposed the company's two rights issues to raise funds the year before last and the year before last. He thought it was too aggressive. Fortunately, when I was asked to come back to take over the company, I proposed Transfer all the shares to my name. Otherwise, I will be constrained."
It is useless for the old man to object as the shares are in his hands. The company will still follow the development policy he has set. However, seeing that Wansheng Real Estate was developing so well and that he was also involved in hotels, jewelry and clothing, the old man completely let it go. In September this year, he stopped asking about the rights issue to raise funds.
Hu Zhifeng smiled and said: "Let's not talk about this. A Zhan, the government will auction the land in Tsim Sha Tsui next month. Do you want to participate in the bidding?"
Nie Zhan nodded and said : "Xinxin Real Estate participated in the bidding, Wansheng Real Estate did not participate."
It's not that I don't want to participate, but I have no money, and I am powerless if I want to participate. Fortunately, Jiaxin has ample funds, so Xinxin Real Estate should be able to acquire this land.
Hu Zhifeng was stunned: "What did you say? Xinxin Real Estate participated in the bidding? Xinxin Real Estate is mainly in the rental business, and they do not have the ability to develop real estate."
Nie Zhan smiled Said: "Xinxin Real Estate won the land and then cooperated with Wansheng Real Estate to develop it."
Hu Zhifeng thought about what Nie Zhan said before, and he suddenly understood: "Miss Lu told Shimeng before that she I made 79 million in the stock market, more than that, right?”
Lu Jiaxin’s net worth is in several companies, and a cash flow of one to two hundred million is not bad. With such a big deal now, it is only possible to make a lot of money in the stock market like Su Heyuan.
Nie Zhan naturally would not undermine Jiaxin: "She earned this amount by buying stocks, but she used the stocks of several companies and Wansheng Real Estate as mortgage loans. Short-selling the Hang Seng Index."
Hu Zhifeng was also a person who had seen the world, but he was shocked when he heard the news: "Short-selling the Hang Seng Index? That's not a huge profit."< /p>
“Yes, I made more than four times the profit.”
Hu ZhifengMy mentality is a little unstable. It's more than four times. Even if the mortgage loan is 4 to 5 billion, it still makes more than 2 billion. With such a large amount of cash flow, it is no wonder that a large amount of land can be purchased.
Fortunately, he is also the third generation of rich people, and he is a person who has experienced great storms. Hu Zhifeng quickly calmed down and said with a smile: "Azhan, you never mentioned such a big thing to me?"
Nie Zhan said helplessly: "I strongly object to her doing this. But if you don’t listen to my insistence on buying it, you have no choice.”
“You don’t agree?”
Nie Zhan said that he didn’t buy a penny: “I have all the money ready. When she lost all her money, she redeemed her shares in Wansheng Real Estate."
Hu Zhifeng reacted: "So, He Yuan bought it with Lu Jiaxin?"< /p>
Nie Zhan didn’t hide anything from him, and said: "Su Heyuan felt that Jiaxin had good fortune, so he bought everything with her. Last time he bought foreign exchange with her. But that time Jiaxin followed my advice. I just bought it. This time she wanted to bet on it. Fortunately, she promised not to be so impulsive in the future."
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