The acquisition of Longhua Square was not a trivial matter.
It involved a lot of things, including the layout of commercial real estate by Faraway Group.
On the morning of the 17th, Li Dong returned to the company again.
In the small conference room.
As soon as Li Dong proposed the acquisition of Longhua Square, Wu Shengnan said excitedly, "General Manager Li, did Longhua Group agree?"
Longhua Square was located in the largest business district in Yaohai District and one of the best in Pingchuan.
If they could acquire Longhua Square, Faraway Group and Dongyu Real Estate would definitely become famous.
Yuan Chengdao was not as excited as she was. After a moment of consideration, he asked, "General Manager Li, what is the price for Longhua?"
"Hsu Shengzhe offered 1.5 billion. I set it at 1.2 billion. He should be interested."
"1.2 billion …"
Yuan Chengdao was still pondering, but Wu Shengnan said impatiently, "General Manager Li, 1.2 billion is definitely worth it!"
"Longhua Square has the advantages of being a traffic center, a passenger center, and a consumer center. There are also six universities nearby, namely Jiangzhou University, Agricultural University, and Jiangzhou Medical University.
In addition, Longhua Square is not too far from Faraway Building.
Let's not talk about that first. The total floor area of Longhua Square is more than 150,000 square meters.
The commercial shop area, including the basement floor, is more than 60,000 square meters, and the office area is more than 90,000 square meters.
Now, because there are no shops for sale in Longhua Square, it is hard to say how much it will cost. But according to our analysis, the price of a commercial shop per square meter will not be less than 10,000.
As for the office area, even if the price is lower, it will not be much lower. I am sure there will be more than 6,000.
The overall price of the building alone is about 1.2 billion.
There are other effects. Longhua Square has been open for three years. I don't need to say the benefits. Just look at the flow of people and profits of our Longhua store.
So, after considering it, let alone 1.2 billion, we can even consider 1.5 billion.
The commercial building has a 40-year property right, and Longhua Square has only been open for three years. This is also a big advantage.
Longhua must have met with a crisis this time and urgently needed money. Otherwise, they would not have sold it.
Manager Li, this is a golden opportunity. We can't miss it! "
It had to be said that Wu Shengnan had not been the CEO of a real estate company for nothing.
He didn't even need to investigate before he rattled off a bunch of benefits.
Of course, this was also related to the popularity of Longhua Square. Another reason was the connection between Far away and Longhua Square.
Far away started from Longhua Square.
Because of the Longhua store, Faraway was able to gain a foothold in Pingchuan. The Longhua store also provided sufficient funds for the development of Faraway Group.
Under such circumstances, as a senior executive of the company, Wu Shengnan naturally had a thorough understanding of Longhua Square.
After listening to her analysis, Yuan Chengdao thought for a moment and said, "I agree with most of what Boss Wu said, but I still have to point out a few shortcomings.
First, Longhua Square has been open for three years, and the name Longhua has been deeply rooted in the hearts of the people.
After we acquire it, if we change the name, there will be a loss of customers. I can't guarantee this. After all, this is not unprecedented.
Second, there is still a dispute over the property rights of Longhua Square. Initially, Longhua Square was jointly invested by Yaohai District and Longhua Group.
After that, Longhua Group kicked away Yaohai District and operated Longhua Square independently.
Although there were no problems when Longhua Group was operating, it doesn't mean that there will be no problems when we take over.
Third, according to General Manager Li, Boss Xu is in urgent need of money, which means there is no installment payment. It must be paid in one go. 1.2 billion is not a small amount. Where will this money come from?
Fourth, will the acquisition of Longhua Square cause the public to question our real estate company?
After all, Dongyu Real Estate's competitor is Longhua. Now we are taking over their shopping mall … "
Wu Shengnan did not refute the first few points, but when Yuan Chengdao mentioned the fourth point, Wu Shengnan shook her head and said, "I don't think it will be questioned. Our acquisition of Longhua Square is an opportunity to prove our strength.
The more famous Longhua Square is, the greater the impact after our acquisition.
Even Longhua Group's pillar shopping mall was acquired by us. It shows how strong we are. If there is any doubt, it should be Longhua Group.
As for the first few points, I don't think it is a big problem.
Especially on the government's side, if there is really a property rights problem, can Longhua Group sell Longhua Square?
As long as it can be transferred, it means that these problems are not a problem. Longhua Group can handle this matter, why can't our Faraway Group?
As for the money … "
Wu Shengnan glanced at Li Dong. Indeed, 1.2 billion in cash was the biggest problem.
If it were not for the high amount of money, Longhua would not have thought of Faraway Group.
Seeing everyone looking at him, Li Dong smiled and said, "I am not too worried about the money. Faraway Group now has a lot of cash flow. Excluding Beijing, Tianjin, and Sichuan Airlines, there is about 4 billion …"
As soon as he finished speaking, Liu Hongmei said faintly, "General Manager Li, 4 billion is already a thing of the past."
Li Dong was speechless and said, "How much is there?"
"Because of the expansion in Yu Province, we invested 500 million in the early stage. This time, we invested 300 million in the mall promotion. In addition, we spent 200 million on the logistics park. Next, we need to expand in Shanghai. Shanghai costs more than other places. I am afraid it will cost more than 1 billion in the early stage. These items add up to 2 billion. In fact, we have already overdrawn the payment. "
As soon as she finished speaking, Liu Hong, who was attending the meeting, said dryly, "As for our data center, President Shen's inspection is almost over. The data center must be online immediately. We have to reserve 500 million."
"Ahem …"
Zhang Mingduo, who had not spoken much, also said embarrassedly, "In addition, there is the shopping center in Su 'an. Last time, General Manager Li said that we need to start construction as soon as possible. Because this is related to Governor Jia, we can't delay it any longer. We have to start construction as soon as possible. "
Qin Hai also said in a muffled voice, "Because of this promotion, the funds on the books in the early stage are almost spent. This year, we have only completed more than 600 stores. If we continue, the investment will not be low. In addition, there is the Southwest Logistics Center. We have also reached an agreement with Sichuan Airlines. The total of the two projects will definitely be 500 million. "
Li Dong was dumbfounded. After a while, he said angrily, "You guys are robbing us! So, the remaining 2 billion will be divided by you? "
One had to know that this money included the 2.5 billion from the goods!
The money from selling the land was still not enough. Now, he had not even thought about the goods, but these people had already calculated and directly divided the money.
No one said anything, but in their hearts, they thought: You are the one who launched so many projects at once.
Since the beginning of this year, there were countless projects launched.
Hundreds of millions or even billions were easily needed. So far, it was already not bad to be able to last until now.
Not to mention other things, Li Dong himself had invested 2 billion, 3 billion in bonds, and about 7 billion from selling the land. That was already 12 billion. In addition to the 2.5 billion from the goods and shopping vouchers, nearly 15 billion was not enough.
This did not include the profits of the group itself. In addition, there were the loans. So far this year, 20 billion had been burned.
Only half a year had passed. If he did not tell Li Dong that the money had been used up, who knew what he was going to do in the future.
Yuan Chengdao saw that Li Dong was flustered and exasperated and felt a little helpless.
Now you know the difficulties of the group, right?
Hundreds of millions or even billions were needed. The group did not have that much money to burn.
He was not against buying Longhua Square. After all, Longhua Square was worth that much, and 1.2 billion was not a loss.
But the key was to use such a large amount of funds, and the group was having a hard time now.
This was not including the future expenses. The logistics park had just started construction, and the expansion in Shanghai had not started yet. The expansion in Yu Province had just started.
Even if the group's profits could sustain the expansion of these projects, the current other projects had already used up the money.
There were only two ways left. Loans or financing. Of course, there was still the last way, which was to go public.
No one said anything. Wu Shengnan was a little unhappy. She struggled for a while and said. "If there is no other way, we can sell the land in the west district! The land in the west district is worth at least 4 billion. According to our shares in Pengfei, we will get 2 billion. I think it is a good deal to use this money to buy Longhua Square. Also, buying Longhua Square does not mean we have spent the money. We can sell some of the shops to get back the money. Most commercial real estate sales are about 30%. If we sell 30% of the shops, getting back 200 to 300 million should not be a problem. We can also use Longhua Square as a mortgage. In fact, we only need to use about 500 million to buy the mall. "
Li Dong had recovered from his depression and nodded. "I think so too. But there is no need to sell the shops. It is not the right time yet."
"We can mortgage the entire Longhua Square. With our relationship with CCB, getting half of the loan should not be a problem."
No one said anything. Yuan Chengdao looked at Liu Hongmei. Liu Hongmei hesitated for a while and said. "But if we do this, we will use up all our cash flow. If we sell the land in the west district, we might have other uses. "
"Don't sell the land in the west district immediately. If we use up all our cash flow, it is useless to keep it to collect interest. We might as well invest it."
After Li Dong said this, everyone was speechless.
Is this about collecting interest?
Doesn't our boss know how big the crisis is if we don't keep some cash in reserve?
So far away, it is really dangerous not to keep at least one or two billion cash in reserve.
It was okay in the past. Li Dong did not use the money. The group has more than two billion, even if the situation is critical, there is a way out.
Now that he was doing this, he was leaving no room for retreat.
Li Dong saw everyone's expression and naturally knew what they were thinking.
After thinking for a while, Li Dong said. "If it is really necessary, I will take financing measures."
Yuan Chengdao disagreed. "If it really comes to that, we will definitely be in danger. I am afraid that others will take advantage of the situation. Financing will not gain much, but we will have to pay a lot. If we are really worried about a crisis, it is better to do financing before the crisis. "
This is reasonable. If we really encounter trouble, others will not be so kind to help.
At that time, it is almost certain that they will hit us when we are down, and the price will be higher.
Many people agreed with this view. Li Dong glared and snorted. "What? You are afraid of failure before you even start? If you don't have this little confidence, just don't do it!
So far away in the past, it is fine even if you don't have money. So far away is not in a life and death situation, and you are already thinking about failure!
There is not so much to think about, just move forward.
If we really fail, I will apply for bankruptcy. With your work experience in So far away, you can find a big group and live well!
Don't think about these useless things all day long. It is not time for us to enjoy ourselves!
Faraway Group's road has just begun. At this time, how can you go forward if you worry about one step at a time?
In the future, don't say these things. I don't like to listen to these things. You just do your job. You don't have to worry about other things. "
As Li Dong said this, he got up and said, "Meeting dismissed!"
After saying this, Li Dong went straight out of the conference room.
Everyone looked at each other. After a while, Yuan Chengdao sighed. "Everyone is dismissed. Do as General Manager Li said."
Everyone didn't know what to say, so they all left.
Seeing that Wu Shengnan was about to leave, Yuan Chengdao shouted, "President Wu, please stay for a while."
Wu Shengnan sat down again and waited for everyone to leave before asking, "President Yuan, do you have any instructions?"
Yuan Chengdao pondered for a moment and said, "President Wu, you have seen the current situation of the group. As the president of Dong Yu, it is understandable that you want to develop a real estate company. However, you are also a director of the group, so you have to think about the overall situation. I have also learned about the recent situation of the real estate industry. Although it is not the time to panic, there are indeed bad signs. So at this time, I hope that you can stand from the perspective of the group and temporarily put aside your personal thoughts. The acquisition of Longhua Square, I hope this will be the last expansion of Dong Yu Real Estate this year. Now the group is not enough to support such a big scene … "
Wu Shengnan's expression changed for a while. After he finished speaking, she said, "President Yuan, whether Dong Yu Real Estate expands or not is not up to me.
General Manager Li has a plan. Even if I don't say it, General Manager Li will do it himself.
In addition, the expansion of the real estate is not for my personal selfish reasons.
From the day I became the president of Dong Yu Real Estate, everything I did was for the development of the group and for the interests of the group.
You have seen it for more than a year. The contribution that Dong Yu Real Estate has made to the group is obvious to all!
If it was not for Dong Yu Real Estate, I think the development of the group would not be as fast as it is now.
I am not asking for credit. I am just stating a fact. Dong Yu Real Estate is not dispensable, but an indispensable part of the group.
Moreover, the acquisition of Longhua Square is also a good move. I don't think there is anything wrong with it. President Yuan, I hope you can understand this. "
Yuan Chengdao looked at her for a while and finally nodded, "I understand what you mean. You can go back first."
Wu Shengnan did not talk nonsense. She got up and left.
As Shen Qian's best friend, she was actually familiar with Yuan Chengdao. However, Wu Shengnan was still very dissatisfied with Yuan Chengdao's lack of attention to Dong Yu Real Estate.
Today, when Yuan Chengdao said this, Wu Shengnan knew that they were not the same kind of people.
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