After agreeing with Gao Weicheng on the plan for the shantytown renovation and commercial development of the National Expo Park, Ren Pingsheng immediately began to prepare for the participation in the National Expo Park project.

Although Ren Pingsheng has no experience in the real estate industry, he still has an understanding of real estate development procedures.

Since May 2002, when the Ministry of Land and Resources issued Order No. 11 promulgating and implementing the regulations on the transfer of state-owned land use rights through bidding, auction and listing, except for land for public services and welfare and charity, all other commercial land must be transferred through bidding, auction and listing.

The emergence of the bidding, auction and listing system, on the one hand, makes the land transfer more open and transparent, on the other hand, it also makes bidding the main factor in land acquisition, which pushes up land prices and real estate prices in disguise.

Today, the bidding, auction and listing system has been in place for five years, and local governments have no reason to meddle in the transfer of commercial land, whether from the perspective of their own interests or from the perspective of administration according to law.

Gao Weicheng was able to reach his current position, he was naturally very familiar with the rules of light and dark on his career, even if Ren Pingsheng contributed a lot to his political performance project, there was no reason to change the way of transferring the land of the National Expo Park for this young man.

Gao Weicheng can help Ren Pingsheng achieve his goal in other ways, but the rules on the surface cannot be changed, and everything must be done according to the rules.

Therefore, if Ren Pingsheng wants to obtain the land of the National Expo Park, he can only go through the open channels of bidding, auction and listing.

There are two requirements to participate in a land auction.

One is to have enough money.

According to the relevant regulations of bidding, auction and listing, bidders must pay a deposit of not less than 5% of the market price or appraisal price of the bid, which is the most basic entry condition.

Through Gao Weicheng's arrangement, Ren Pingsheng learned from the Municipal Bureau of Land and Resources that the area of the National Expo Park can be transferred to an area of 100,000 square meters, due to the geographical location and shantytown, the appraisal price of the plot is not high, but it is also 8,000 yuan / square meter, and the starting price of this land will reach 800 million yuan.

Therefore, if Ren Pingsheng wants to participate in the auction of this land, he must first pay a deposit of at least 40 million yuan, which is the first step.

If the land is successfully auctioned, Ren Pingsheng will have to pay no less than 800 million yuan in land transfer fees according to the agreement, which is the second step.

Only after these two steps have been fulfilled can the land be truly taken down.

In China, as long as you can get the right to use the land, there will naturally be a large number of financial institutions to provide you with financing channels for future development, and you don't have to worry about money at all.

What Ren Pingsheng has to consider at present is how to pay and pay the deposit and transfer fee.

In the first round of financing of Wanyou Games, Ren Pingsheng personally cashed out a total of 70 million yuan, of which 30 million yuan was lent to Wanyou Company for turnover, and then the money was returned to himself through a resolution of the board of directors, and he personally spent 25 million yuan on the acquisition of YY voice, and 15 million yuan spent on investment in Shunwei Fund, and the remaining funds in his hands are less than 30 million yuan.

Of the 30 million yuan, most of them will be invested in the "Shunwei Vent" fund for the plan to invest in Jingxi Mall, so there is not much cash left in Ren Pingsheng's hand.

In addition to the mortgaged real estate, Ren Pingsheng still has three stocks in his hand, but although these stocks have risen amazingly, they have not yet reached the harvest price in his heart, and it is not yet time to realize the stocks, so he can only raise funds from other channels.

At this time, the value of the cash cow of Wanyou Games is reflected, the company is now earning more than 2 million yuan in profits every day, and the company's current account has accumulated funds of 400 million.

It's time for the game to feed itself.

Although it is a little unkind, Ren Pingsheng, as a major shareholder, still has the right to decide on borrowing from the company.

After some deliberation by the board of directors of Universal Games, it was agreed to borrow 350 million yuan from Ren Pingsheng, a major shareholder, for a period of one year at an interest rate of 7.3%.

Although ICG Capital, the company's second largest shareholder, agreed to Ren Pingsheng's loan, it also put forward conditions requiring Universal Games to speed up the listing progress and complete the U.S. stock listing IPO by the end of the year.

After the joint efforts of the company's legal department and Junheng Law Firm, the VIE structure of Universal Games has basically been built, and the next step is the necessary financial audit before listing, ICG Capital recommended KPMG, a well-known accounting firm in the industry, and approved by the board of directors, and agreed to hire KPMG as the financial audit unit for the IPO of Universal Games, with Deputy General Manager Lin Lisong and Chief Financial Officer Fu Huizi responsible for the matter.

After dealing with the issue of money, the next step is the question of the entity.

To participate in the land auction, in addition to paying sufficient deposits, there is also a need for certain development qualifications.

According to the rules of bidding, auction and listing, the enterprises participating in the bidding must at least have the second-level real estate development qualification, and the registered capital of the enterprise is not less than 20 million yuan, and it has been engaged in real estate development and operation for more than 3 years, and the cumulative construction area of the building in the past 3 years is more than 150,000 square meters, or the cumulative amount of real estate development investment equivalent to this has been completed.

The second-level real estate development qualification also requires no less than 20 professional management personnel in construction, structure, finance, real estate and related economic categories with professional titles, including no less than 10 managers with intermediate titles or above, and no less than 3 full-time accounting personnel with qualification certificates.

All in all, the problem of money is easy to solve, but it requires more than 3 years of development experience and completed area, which is not something that Ren Pingsheng can do in a short period of time.

Therefore, for the development of the National Expo Park, Ren Pingsheng can't eat alone, he must find a developer with relevant qualifications to cooperate and bid in the form of a consortium.

For this partner, Ren Pingsheng's requirements are: have a certain influence in Hanhai City, have no ambition for the dominance of the project, and do not pursue short-term benefits in style.

Because the National Expo Park project involves the relocation of a large number of shantytown residents, although the "Liaoyang model" and monetized resettlement proposed by Ren Pingsheng can solve most of the problems, and Gao Weicheng will try his best to cooperate with the developer in the process of relocation, Ren Pingsheng still hopes to find a partner with local influence to do this more practically.

At the same time, as a new entrant in the real estate industry, Ren Pingsheng also hopes that this partner will not be too strong, not to dominate, minimize the intervention in the project, and ensure that Ren Pingsheng has control over the entire project.

Based on the above points, several large real estate companies such as Oasis, Guanghui and Pilot Port were excluded, and several state-owned enterprises in Handong New District, such as Lujiazui, Panjiang Hi-Tech and Handong Shifa, entered Ren Pingsheng's field of vision.

In order to implement the National Expo Park project, but also to enter the real estate market in the future, Ren Pingsheng newly established a sole proprietorship, the company name is "Pingsheng Real Estate Co., Ltd.", the registered capital is 100 million yuan, the main business: real estate development, operation, sales, the company's legal representative: Ren Pingsheng.

Although Pingsheng Real Estate was established, it was a blank in terms of personnel and team, and the next thing Ren Pingsheng had to do was to find a manager for the company.

He already knew the candidate.