Chapter 812
Words:1684Update:22/06/30 10:01:48
Early March. Master Lu had gone to Jianzhou to take up his post, and Feng Yu flew from Hong Kong to New York one week earlier than planned. This was because Feng Yu was informed that the Empire State Building was ready for transactions.
Feng Yu did not know how Hideki Yokoi managed to make Kiiko Nakahara agree to sell the shares of the Empire State Building to Feng Yu. But Masao Kameda told Feng Yu that Hideki Yokoi had given up many properties in Europe and the US to sever ties with Kiiko Nakahara.
From then on, Kiiko Nakahara no longer had anything to do with the Yokoi family. Kiiko Nakahara had gotten most of the assets she wanted. She sold her properties in the US and returned to France. The properties there were enough for her and her husband to live the rest of their lives.
With Kiiko Nakahara's support, Donald Trump chased the two long-term tenants out of the Empire State Building. He took back all the rights to the Empire State Building.
Although Donald used some unconventional means, such as colluding with other tenants to force the two long-term tenants to back down, in the end, after Kiiko Nakahara paid a sum of money, the two long-term tenants still gave up their long-term lease of the Empire State Building and left.
The Empire State Building was no longer the tallest building in the US, and it was not as significant. Also, Kiiko Nakahara and Donald colluded with all the tenants to renovate the Empire State Building. They even wanted the tenants to pay a sum of money for renovations. They refused as the property industry was not doing well now.
Feng Yu was satisfied with the outcome. He had taken back all the rights to the Empire State Building. After he bought the building, he could renovate it.
The Empire State Building was priced at 100 million USD. As Donald wanted to keep 5% of the shares, Feng Yu paid him 45 million USD and a loan of 50 million USD. Feng Yu paid another 40 million USD to buy the other 50% shares from Kiiko Nakahara and Hideki Yokoi's companies.
Feng Yu sold some of his shares and raised 200 million USD. If he had sold these shares before the New Year, he would have lost 20 million USD. Feng Yu repaid Fu Guangzheng's money and transferred the remaining money to his personal account. It seems like he should buy a house in New York.
The Empire State Building's management company is Donald's. Now, it is renamed Wind and Rain – Empire State Building Management Company. Feng Yu owns 60% of the shares. Kirilenko paid Feng Yu a sum of money to own 35% of the shares, and Donald owns 5%.
According to the agreement, Donald will manage the Empire State Building for free for five years. This will save Feng Yu the trouble of managing the building himself. After Feng Yu took over the Empire State Building, the only decision he made was to spend a large sum of money to renovate the Empire State Building. He wants the Empire State Building to be the most comfortable office building.
Donald used the money Feng Yu had lent him and the money he got from selling the shares in the Empire State Building to buy Building 40, which he had been eyeing for a long time. He also bought a hotel. This hotel will be renamed as Trump Hotel.
Of course, Feng Yu also gave some of the Sixth Sense Company's shares to Hideki Yokoi's two sons as promised. Feng Yu increased the shares from 10 million USD to 13 million USD for each son. Feng Yu did not suffer any losses. He had spent 10 million USD to buy Kiiko Nakahara and Hideki Yokoi's shares.
Furthermore, this small sum of money was used to let Feng Yu own the Empire State Building and hire two talented managers for the Sixth Sense Company. Feng Yu was more than willing to do this.
… …
"Cheers! Feng, I didn't expect us to buy the Empire State Building!" Kirilenko said excitedly.
"Hahaha, although the price is slightly higher, Donald had said that after the renovations, the rental will increase. Within two years, we can earn back the renovation costs." Feng Yu took a sip of his wine and put down his glass. He looked at Kirilenko and finished his glass in one gulp.
In the US, the rental cannot be increased at will. According to the regulations, the increase must not exceed a certain limit every year. Luckily, the Empire State Building's valuation had increased a lot, and this limit had increased.
There were still some vacant spaces in the Empire State Building. After the news of the renovation of the Empire State Building, many companies had contacted Donald to express their interest in renting the Empire State Building.
The US economy was getting better and better. New York, the economic center of the US, was a place where many companies wanted to enter. The rental of the Twin Towers was too high, and the other office buildings were old. The Empire State Building was reasonable and needs to be renovated. It was the first choice of many companies.
Even some of the tenants in the World Trade Center had decided to rent offices here after the renovation of the Empire State Building is completed. It is more cost-effective.
"Standing on the top floor of the Empire State Building, you can see many places in New York. This feeling is amazing." Kirilenko said with an intoxicated look on his face.
Feng Yu looked at Kirilenko from the corner of his eyes. Damn! That feeling is amazing? It's because it's too windy!
Feng Yu had also gone up to the Empire State Building before. But on the day he went up, it was windy. When he was on the ground, he did not feel the wind was strong. But when he was on the top floor, Feng Yu knew that the movies were all lies. Standing on the top floor of the Empire State Building and feeling the wind … … he could not even open his eyes!
"Fine. The office on the top floor will belong to your company. You can go up there if you have nothing to do."
If you are not afraid of being blown to death by the wind, you can go up there every day. You might even be able to drink until you are full!
"Eh? How did you get them to sell the shares of the Empire State Building to you?" Kirilenko still does not understand. He had tried to contact Kiiko Nakahara and Yokoi's family, but they refused to sell their shares.
Feng Yu told Kirilenko about Hideki Yokoi's family. He had used some shares in exchange for the rights to buy the shares of the Empire State Building.
Of course, Feng Yu was impressed by Hideki Yokoi. Even a sly old fox like him has a backup plan. Maybe this was what Hideki Yokoi wanted. If not, how could Kiiko Nakahara agree to sell the Empire State Building to Feng Yu in such a short time? Also, the selling price was 10 million USD lower than the market price.
Hideki Yokoi had transferred his assets to his two sons and illegitimate daughter, and he got back a sum of money. This was enough for his company to survive and for him to live comfortably in prison.
"Feng, you are smart. How come I didn't think of this? After the renovations on the top floor are completed, I will cancel the rental of my office in the World Trade Center. It is more comfortable to work in my own turf. "Kirilenko said while swirling his wine glass. Buying the Empire State Building was a joyous occasion. How can he not have a few drinks to celebrate?
"Boss, look at these papers!" When Kirilenko and Kirilenko were celebrating, Wilson rushed in with a stack of papers.
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