Because of the Men Shen Real Estate incident, Li Dong did not go out in May.
Although Wu Yajun had called Li Dong several times to invite him to visit, Li Dong still refused.
Just as Xu Shengzhe had said, Yao Hong was a businessman through and through.
Men Shen's reputation had been tarnished. In addition, Longhua, Dongyu, and other families were eyeing him. Yurun was adding insult to injury. Yao Hong wisely chose to cut off his losses.
He sold off his high-quality properties and stripped off his inferior assets.
In just 10 days, the former Jiangbei real estate tycoon was gone.
…
Provincial Party Committee Compound.
This was Wu Shengnan's first time here. It was her first time seeing Li Dong in real life.
She watched Li Dong practice boxing. She watched Li Dong wipe his sweat. She watched Li Dong leaning on the recliner and basking in the sun.
After watching for a long time, Wu Shengnan suddenly laughed and said, "Boss Li's life is not like that of a billionaire at all, nor like that of a young man."
Li Dong laughed. "Then what does he look like?"
"He looks like an old man who has just returned from farming."
Li Dong laughed. "You can just say that I have the mentality of a farmer. Don't make it sound so elegant."
Wu Shengnan shook her head. "That's not what I meant."
"I don't care if that's what you meant." Li Dong smiled and said. "Pour yourself a cup of tea if you are thirsty. I will not be your guest."
Wu Shengnan poured a cup of tea for herself.
She saw the secretary standing next to her was a little reserved. She gestured for her to sit down.
After both of them sat down, Li Dong squinted his eyes and basked in the sun for a while. "What's the rush?"
"I heard that General Manager Li wants to sell Dongyu Real Estate."
Li Dong was surprised. "Who did you hear this from?"
Wu Shengnan did not answer. Instead, she said with a straight face, "General Manager Li, I want to know if this news is true?"
Shaking his head, Li Dong replied, "It's just a rumor. If I really want to sell Dongyu Real Estate, do you think I can let you off as the CEO of Dongyu Real Estate?"
"What about selling Dong Yu's land?" Wu Shengnan asked again.
Li Dong didn't deny it this time. He nodded and said, "I have this thought."
"Why?" Wu Shengnan said in disbelief, "What's the difference between selling Dong Yu's land now and selling Dong Yu Real Estate?"
"Following Men Shen's fall, Longhua and Dongyu became the rulers of Jiangbei. At this time, we should continue to work hard and take this opportunity to expand Dong Yu. We should seize the market in Jiangbei and fill the gap left by Men Shen. "
"Dong Yu didn't have a lot of land to begin with. It wasn't easy for them to seize the opportunity to rise after two incidents. At this time, Longhua is focusing on the development of the new city, and Jiangbei's real estate market is empty. With all due respect, if I were you, General Manager Li, I would rather give up on Sichuan Airlines and Mall expansion and seize this opportunity to make Dong Yu a leading real estate company. As the saying goes, a bird in the hand is worth a hundred birds in the bush. Don't you think it's too risky to give up the opportunity in front of you and fight for the unknown? "Wu Shengnan asked." Don't be anxious. "Li Dong smiled.
"I didn't say I will give up Dong Yu, and I also didn't say I will not develop real estate.
What I mean is to slow down first. The real estate market is too hot now, and I'm worried.
Compared to last year, land prices had increased by more than 50%. Do you think this is normal?
Compared to last year, land prices had increased by more than 50%. Do you think this is a normal market reaction?
Many people saw a moving mountain of gold, and tycoons from other industries are entering the real estate market.
Land prices are getting higher, and housing prices are also increasing. If this goes on, I think the real estate market will collapse soon.
Others are rushing to enter the market, but we can't be anxious.
Especially now, most of the real estate companies are using bank loans. It's as if they don't care about their own money, and they keep pushing up land prices.
But the land can't be developed, and they are waiting for the next successor.
This game of beating drums and passing flowers won't last long. People with discerning eyes know that a crisis is coming.
You see, once the higher-ups feel this trend, the banks will have a large amount of bad debts, and a large number of real estate developers will go bankrupt and jump off the building. "
Wu Shengnan frowned slightly. "I admit that there is a trend, but others are others, and we are us."
"Dong Yu Real Estate is different from other companies. Since we paid off last year's debt, our debt ratio is very low."
"The banks tighten the money, and other real estate companies may have a funding gap, but we won't."
"So I think General Manager Li is worrying too much. If we don't seize the market now and wait for the market to be occupied by others, we will have to re-open the market if we want to develop in the future. It's not worth it."
Li Dong didn't refute and nodded. "What you said is very reasonable. But then again, the land still needs to be sold."
Wu Shengnan's mouth twitched. What kind of logic is this?
Since what I said is reasonable, you still want to sell the land?
Dong Yu Real Estate didn't have much land to begin with. Once they were all sold, the big company would really become an empty shell.
It was clearly in a period of rapid development. At this time, Dong Yu Real Estate should be developing buildings and hoarding land to make a name for itself.
But Li Dong chose to do the opposite. He chose to give up during the period of rapid development of Dong Yu Real Estate. Wu Shengnan couldn't understand what he wanted to do.
Li Dong saw that she didn't say anything, so he smiled and said, "Don't worry. Sell it. I didn't say I won't buy it back."
"At most a year, at least half a year. The land I sold will be back, and it will be doubled.
Now that I chose to sell the land, you have to understand my difficulties.
The company is expanding everywhere, and the cash flow is tight. I don't want to get financing, so I can only sell the land.
Otherwise, even if I keep the land, I don't have the money to develop it now.
The government has been regulating and cracking down recently. Once there is a land that hasn't been developed for two years, the land use rights will really be taken back.
Now, most people are committing crimes against the law. It's fine if nothing happens, but if something happens, they will cry.
Let's sell the land first. I have money in my hands, and the cash flow is open. The other areas will be much easier.
Soon, the expansion in Zhejiang and Jiangsu will be completed. When the stores are officially put into use, we will start to slowly recover our capital.
From the second half of the year to next year, our revenue will usher in an explosive period. At that time, we will have money and people. It's better than being stretched thin now, right? "
"But why Dong Yu?"
Wu Shengnan was still a little upset. Far away, Dong Yu Real Estate's internal system was always suppressed.
As a subsidiary company with the most profit, Wu Shengnan thought that the real estate company was not worse than the supermarket.
But Li Dong expanded the supermarket, the shopping mall, and the logistics. But he chose to give up Dong Yu Real Estate among the four subsidiaries. How could she accept this?
Li Dong exhaled and said, "It's not giving up Dong Yu. Selling the land doesn't mean giving up. You have to understand this. After the land is sold, we can consolidate our foundation during this period and prepare for the next rise. Whether it is the property or infrastructure under Dong Yu, I have never said that I will give up. Not only will I not give up, but I will also invest further and expand the scale of these subsidiary industries. Think about it yourself. If I really want to give up Dong Yu, will I do this? Also, Dong Yu Real Estate is in a mess now. Many things have not been digested. Holding on to a few pieces of land can't be developed. What's the use? Old Wu, be more broad-minded. Don't just stare at your small piece of land … "
Wu Shengnan looked at him with a black face. What do you mean by be more broad-minded?
Is he saying that I am narrow-minded and narrow-minded?
Wu Shengnan didn't argue with him. Hearing that Li Dong wanted to expand the infrastructure and property, Wu Shengnan was slightly relieved.
From the looks of it, Li Dong really didn't plan to give up Dong Yu Real Estate. Otherwise, he wouldn't have said that.
After thinking this through, Wu Shengnan didn't talk about it even though she was still a little unwilling. Instead, she changed the topic and said, "If you really want to sell the land, do you want to sell all of it?"
"How much land do we have now?"
"Including Beichuan and Pengfei, we have a total of 19 undeveloped plots."
"Excluding Pengfei and Beichuan?"
"We acquired Greenland previously. Together with the few pieces of land that we bought from Men Shen this time, and our own hoarding, we have a total of 16 pieces of land."
Li Dong calculated for a moment and said, "What's the total area?"
"About 3 million square meters."
"If we sell it according to the current market price, how much is it worth?"
"Between 6 billion to 8 billion."
Li Dong was a little surprised. "That's a huge difference?"
A difference of 2 billion was not just a small difference. The figures given by Wu Shengnan made him feel a little strange.
Wu Shengnan coughed softly and said, "6 billion is the current market price, and 8 billion is the company's estimated market price in six months to a year."
Li Dong rolled his eyes and immediately understood what she meant.
This woman still didn't give up. She told him in a roundabout way that it was best not to sell it now, or else the loss would be as high as 2 billion.
Li Dong didn't care about her and started to calculate in his heart.
Dong Yu Real Estate had really made a lot of money this year. Even if it was calculated according to the current 6 billion, he had still made a lot of money.
Many of the 16 pieces of land were bought by Li Dong at a low price.
Including the previous Greenland and this time Men Shen, the land that both parties had hoarded were all high-quality land. In the end, for one reason or another, they were all taken by Li Dong.
In addition, the land price had been constantly rising this year. Just this piece of land alone had at least doubled his profit. It was no wonder that Wu Shengnan was reluctant. The profit was too considerable.
After thinking about it, Li Dong said, "From now on, slowly release the land. Don't release them all at once. Try to clear out the land in our hands within three months."
Wu Shengnan sighed slightly. Then, she nodded and didn't say anything.
Li Dong said to himself, "With this 6 billion, you can also release the properties that you bought back while the prices are still high. The return should be about 8 billion. After deducting all kinds of expenses, taxes, and loans, it shouldn't be a problem to get the 6 billion, right?"
"It should be more than that. About 6.5 billion," Wu Shengnan said calmly.
"Mmm, with this 6.5 billion, things will be much easier."
Li Dong heaved a sigh of relief and said, "Moreover, we still have Beichuan and Pengfei. It's not like we're releasing all the land, right?"
Wu Shengnan forced a smile. Even if they kept Pengfei and Beichuan, Dong Yu had fallen from a first-tier real estate company in Jiangbei to a second-tier company. This kind of drop was really hard for most people to accept.
Moreover, they only had the controlling stake in Pengfei's company. They still had to bring that fatty Wang Pengfei along.
The company that completely belonged to them suddenly had to be shared with others. When the time came, they still had to set up a board of directors. Pengfei's voice was not low either. How could Wu Shengnan be happy about this?
Although Li Dong knew that she was upset, there was no other way.
So far, if they wanted to develop now, they had to spend money.
From the looks of it, the fastest way to get back the money was to sell the land. They couldn't possibly sell the supermarket, right?
If the land was gone, they could buy it again. But if they sold the supermarket, it would be gone.
With this return of more than 6 billion, although the money on the company's books had been spent by him, Li Dong was not worried at all.
In the next few months, whether it was to invest in Sichuan Airlines or Beijing and Tianjin Investment, this amount of money would be enough.
If there were no accidents, the company could still retain a portion of the funds to develop in other areas. At least it would be enough to satisfy the expansion of the shopping mall.
Moreover, Dong Yu Real Estate was not really an empty shell. Just the land in the west district alone was worth a lot. There was also the commercial street project that Pengfei Real Estate was developing. It was also worth a lot.
As long as these two things were in hand, Dong Yu did not really fall to the second-tier list. It was just that its influence had decreased a lot.
As for the influence, when Li Dong bought a large number of land again, it would naturally come back.
After all, the land could not be developed in his hands now. Since he had nothing to do, he might as well take the opportunity to revitalize the plate.
Because Wu Shengnan was not in the mood to talk more, and she had to go back to prepare for the sale of the land, it did not take long for her to leave the provincial party committee compound with her secretary.
It was not until she left that Li Dong let out a sigh of relief and said to himself, "Finally, I don't have to worry about money anymore."
As soon as he finished speaking, the phone rang.
As soon as it was connected, Wang Yue's happy voice came from the other side. "General Manager Li, the rough plan has been achieved!"
"Sichuan Airlines?"
"Yes!"
"How much?"
"25% of the shares. Sinotrans has a little more than us. 26%. Sichuan State-owned Assets Supervision and Administration Commission holds the controlling stake."
"25% …"
A strange look appeared on Li Dong's face. In this case, if he joined forces with Sinotrans or Sichuan State-owned Assets Supervision and Administration Commission, he could dominate the entire Sichuan Airlines.
In the future, if he took over any of the shares, it meant that he could control the entire Sichuan Airlines in his hands.
After thinking for a while, Li Dong said, "How much is it?"
"2.5 billion, but now it is only a verbal agreement. If you think it is too much, we can continue to discuss …"
"No need. Have you informed CEO Yuan?"
"I am preparing to inform him."
"Okay, then inform CEO Yuan to sign the contract as soon as possible."
Li Dong said a few words, and when he hung up the phone, he was slightly relieved.
Although 2.5 billion was a bit too much, Far away was only a private enterprise after all. In addition, there was no additional value to Sichuan Airlines in the shipping industry, so it was necessary to spend more money.
Sinotrans got more shares than him, but the money spent was less than him. Li Dong could understand.
However, it was not a loss for Li Dong. Once he took over the shares of Sichuan Airlines, the influence of Far away Logistics would be great.
Far away Logistics, which was established less than a year ago, not only was the land transportation system expanding crazily, but even the shipping industry had begun to make arrangements. In this case, the entire Far away Logistics would benefit.
If Far away Logistics or Faraway Group were listed companies, this piece of good news would probably increase their market value by more than 2.5 billion.
Thinking about what he had just talked about with Wu Shengnan, Li Dong could only say that he had to sell the land.
In his opinion, a quarter of the shares of Sichuan Airlines was much more difficult to get than a land that was seriously stagnant.
If he didn't sell the land, he would probably have a headache about money now.
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