3rd of January.
As Li Dong was having a headache over the board of directors in his office, Chen Ke knocked on the door and came in. "General Manager Li, CEO Wang is here."
"Wang Pengfei?"
"Yes."
"Invite him in."
…
After a while, Wang Pengfei came in, panting. "General Manager Li, it's good to be young. The temperature of your central air conditioning is too low. It's freezing me to death."
Li Dong stood up to welcome him. As he walked, he smiled. "That's because you're used to the climate in Sichuan. Jiangbei's winter isn't too cold, but it can't be compared to Sichuan."
"That's true. I thought I was really old."
"You're about the same."
Li Dong teased. Wang Pengfei grinned.
After inviting him to sit down in the reception area, Li Dong asked, "About Beichuan Real Estate?"
"Yes."
Wang Pengfei nodded and said, "I've already signed the contract for the land in the west district, but the price is a little high. The seven small real estate developers didn't spend much money. I took the land from them for a hundred million. But as for the west side of the city, we've already agreed on 700 million. But in the blink of an eye, the west district changed its mind. It insisted on 1 billion, not a cent less. I felt that something was wrong, so I signed the contract without hesitation. Because you said you could get it for 1 billion, I didn't ask you. Is this okay? "
Li Dong rubbed his chin and thought for a while before nodding. "1 billion it is. It's a profit anyway."
Although he said that, Li Dong gritted his teeth so hard that they almost broke!
If it wasn't for Du Anmin, Li Dong's name would have been written upside down!
This old man was really ruthless. In the blink of an eye, he cheated him of 300 million. If it were someone else, Li Dong would really curse their ancestors.
But forget about Old Du. This old man was probably angry. Plus, he wanted to stop others from talking.
After all, 700 million for that piece of land was a little too low.
One billion was at least in the double digits. According to the current market, one billion was not a small amount. Even if someone questioned it in the future, they would not be able to say anything.
After all, land in the Xicheng District could not be sold cheaply. In addition, their Nangang Technology Park was just a plan. They had not even agreed on the specifics, let alone where it would be built.
At this time, Li Dong's group taking over this piece of land was not considered an opportunistic move.
Otherwise, 99% of the real estate developers in the country would be suspected. Which big real estate developer did not invest in some land with higher appreciation?
Seeing that Li Dong had no objections, Wang Pengfei breathed a sigh of relief and said, "That's good. I was afraid that you would think it was too high."
"It's alright. The reason why the price is so high is probably related to the planning of the West City District and the Hi-Tech Zone. Both sides have roughly reached an agreement and are probably choosing a site in the near future. They probably have their eyes on our piece of land, but they have already started negotiating with us. At this time, they can't just go back on their word and try to increase the price to make us take the initiative to retreat. In the end, you directly agreed, which is probably out of their expectations. "
Wang Pengfei was excited when he heard this. "They really negotiated?"
"Most likely. But it's hard to say if they will still choose a site in our area."
Wang Pengfei quickly said, "It must be our area! The West City District and the Hi-Tech Zone are cooperating to build a new technology park. Our area is the most suitable place! Other places, firstly, don't have such a large space. Secondly, it is too far from the Hi-Tech Zone. If they really decided on a plan, I think there is a high chance that they will still want our piece of land. "
"This is hard to say. I can only say that the possibility is quite high." Li Dong laughed and said, "Don't worry about this for now. Regardless of whether they choose our area or not, we will not suffer any losses. I heard that the proposal for Xinqiao Airport will probably be approved this year. "
"Really?"
Wang Pengfei was really excited. Although Li Dong had said it before, he was still worried.
But now, Li Dong said that the plan will probably be approved this year. How could Wang Pengfei not be happy?
Li Dong nodded. "It's almost confirmed. But I can't say for sure. It might be delayed until the second half of the year."
"That's fine!"
Wang Pengfei said nonchalantly. "The second half of the year is nothing. In my opinion, if the plan is approved, it will be worth it even if we have to wait for three to five years."
In three to five years, the value of this piece of land will at least double.
That's one billion. What's three to five years for a business that can earn one billion?
Who cares about three to five years for a land developer? Some real estate companies have been hoarding land for more than ten years, and they are not worried at all.
Anyway, they are making money and not losing money.
Both of them briefly talked about the land in the West City District. Then Wang Pengfei said, "The one hundred million from the small real estate developer was paid in cash. I paid the first two hundred million from the West City District. In addition, to get the two pieces of land from Men Shen and Hongtu, I used another five hundred million. As for the remaining two hundred million, I bought two pieces of land for the subway line from a few small real estate companies. Now, we have used up all our money. What should Beichuan Real Estate do next? General Manager Li, can you point us in the right direction? "
Li Dong lightly knocked on the table. He thought for a while and said, "What do you think, General Manager Wang?"
"Me?"
"Yes, General Manager Wang, to be able to develop Pengfei Real Estate to this extent, you must have your own ideas."
Wang Pengfei said sheepishly, "I do have some ideas, but I'm afraid General Manager Li won't agree."
"Just say it."
"According to my ideas, I want to merge Pengfei and Beichuan."
Li Dong narrowed his eyes and said plainly, "What do you mean, General Manager Wang?"
Wang Pengfei quickly smiled and said, "General Manager Li, don't misunderstand. What I mean is, Pengfei Real Estate's Jiangbei branch will merge with Beichuan. Of course, I'm not saying Pengfei Real Estate will take over Beichuan. It's a joint venture. General Manager Li can use Beichuan's shares to invest in our joint venture.
But it's best to use Pengfei Real Estate's name. After all, Pengfei Real Estate has some reputation.
General Manager Li is well aware of the current situation in Jiangbei's real estate industry. Small real estate companies don't have much room to survive.
I won't hide it from you. I have some ideas. After all, I came to Jiangbei and want to start a career.
Pengfei Real Estate is developing on its own now, and it's a little difficult. Plus, I'm distracted in two places, so it's really beyond my capabilities.
Why not merge Beichuan and Pengfei Real Estate? If the two companies merge, Pengfei Real Estate's strength will increase by a lot. Then, we will have the capital to establish ourselves … "
After Wang Pengfei said his ideas, he looked at Li Dong with anticipation.
Li Dong frowned slightly. Wang Pengfei really can't be underestimated.
This guy isn't willing to be suppressed by the few big real estate companies in Longhua. Now, he has his eyes on Beichuan. Once he merges Beichuan, Pengfei Real Estate will be considered as another giant other than the three top real estate companies.
When the land in Xi City District comes to fruition, Pengfei Real Estate's reputation will rise.
Actually, Li Dong had wanted to merge Beichuan under Dongyu. But Wang Pengfei had put in a lot of effort this time. Moreover, both parties will definitely work together in the future. If he rejected Wang Pengfei now, it wouldn't be appropriate.
Just when Li Dong was in a dilemma, Wang Pengfei said again, "General Manager Li, Pengfei Real Estate can give up the controlling stake of the Jiangbei branch!"
Li Dong's eyes narrowed. He squinted his eyes and said, "General Manager Wang, are you joking with me?"
Wang Pengfei's intention to give up the controlling stake of Pengfei Real Estate was clear. Li Dong would be the controlling stake of Pengfei Real Estate.
Although it was just a Jiangbei branch, Wang Pengfei had put in a lot of effort in Jiangbei. Now that he was giving up the controlling stake so easily, Li Dong found it hard to imagine that Wang Pengfei would have such courage.
Wang Pengfei smiled and said, "Actually, I am not a very ambitious person. I just want to earn more money. In Pingchuan, the only person who can make me feel confident in earning a lot of money is General Manager Li. Although I have given the controlling stake to General Manager Li, I have a condition. I still want to use Pengfei Real Estate's name. This way, I can make Pengfei Real Estate famous, and I can also sit back and count my money. Actually, this is what I like to do the most. "
"Is this for real?"
"Yes."
"I still can't believe it."
Li Dong shook his head. What Wang Pengfei said was reasonable, but this matter didn't seem that simple.
Li Dong asked again, "If I want the controlling stake, what price do I have to pay?"
"Pengfei Real Estate's Jiangbei branch. The current investment isn't too big. It's just the land in the business district. Moreover, Chen Hongming and I are working together on it. Pengfei Real Estate only owns 40% of the shares. If we were to evaluate it, it would be around 1.5 billion. Other than this, the other small pieces of land don't add up to more than 500 million. I'll take it as 2 billion. General Manager Li, don't be too serious. As for Beichuan Real Estate, because the land in the west district has increased a lot, I'll take it as 1.5 billion. What do you think? "
"I'm fine with that. Please continue, General Manager Wang."
Wang Pengfei continued, "You own 65% of the shares, so I'll take it as 1 billion. After the merger, the total value of Pengfei Real Estate can reach 3.5 billion. However, because Pengfei Real Estate has about 800 million in loans, that's 2.7 billion in net assets. General Manager Li only needs to increase the capital by 500 million, and I'll give away 51% of the shares after the merger. What do you think, General Manager Li? "
"500 million? That means I'll invest a total of 1 billion to get the controlling stake in Beichuan and Pengfei Jiangbei branch? "
"That's right."
"And you, Wang Pengfei, even without the loans, you've invested 1.7 billion in real money. In the end, you only own 49% of the shares?"
"Yes."
"Is there such a good thing waiting for me, Li Dong? If General Manager Wang doesn't mind, can you introduce me to a few more deals? "
Wang Pengfei laughed dryly. "General Manager Li, I don't care about the immediate gains and losses, I care about the future. Although it looks like I'm at a disadvantage now, I believe in General Manager Li's foresight. In the future, Pengfei Real Estate could become 5 billion to 10 billion. If that's the case, won't I, Wang Pengfei, make a huge profit? "
"Do you believe what you just said, General Manager Wang?"
"I believe, of course I believe."
Li Dong stared at him for a while, then laughed. "Hsu Shengzhe said I'm thick-skinned. I admire you, General Manager Wang. In terms of thick-skinned, I'm not as thick-skinned as you. "
"General Manager Wang, if you have something to say, just say it. I, Li Dong, am not an idiot. I don't believe that there's such a good thing waiting for me. "
"General Manager Li …"
"General Manager Wang, forget it if you don't want to say it. But you can put aside the controlling stake in Pengfei."
"This …"
Wang Pengfei seemed to be in a difficult position. In the end, he sighed and told Li Dong the truth.
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