Chapter 590: Behind the Shadow
"What's the point?"
The engineer glanced at Ye Jingcheng and continued: "If the building collapses directly, the consequences will be unimaginable. Pen @ fun @ pavilion wWw. biqUgE。 info”
The result of the collapse of the building is still a trivial matter, and the bigger concern is the safety of people. If someone dies because of the collapse, it is the most difficult problem for developers to solve.
In addition, Hong Kong Island can be described as a square foot of land, except for the old buildings more than ten years ago, the residential floors are rarely less than 10 floors. According to the plan of this garden complex, each building has at least 30 floors.
Now that two-thirds of the structure has been cut in vain, and each building can only be built with less than 10 floors, whether the investment money can be recovered at that time has become a practical question.
"Is there a way to fix it?" Ye Jingcheng narrowed his eyes, and a person's face appeared in his mind.
"Yes, there is, the geology there can be changed. But...... The overall budget for this rectification will exceed 2 billion. Faced with Ye Jingcheng's cannibalistic eyes, the engineer could only choose to dodge.
"Two billion." Ye Jingcheng looked ahead and muttered to himself.
Ye Jingcheng is not rich enough not to put two billion in his eyes, not to mention that he has more than the plan of 'Sha Tin First City' to carry out.
In addition, a number of investments have been made, including the waterfront resort in Tin Shui Wai, Yuen Long, the development of a cross-harbour tunnel in the Eastern District, the 'Getting Ahead' building on Murray Road in Central, and the Tseung Kwan O Cinema Project, with a total investment of at least HK$30 billion.
Even if it is the initial investment money, Ye Jingcheng will come up with at least 5 billion, which is almost a limit of his current support. Any more money he has to use to concentrate on the foreign exchange market, which will undoubtedly damage his interests more directly.
However, without the investment of these two billion, the plan of 'Sha Tin City No. 1' will not be able to be promoted, because the newly planned highway of the Hong Kong government, the problematic land has undoubtedly become the façade of the urban area, and it must be one of the first targets to be developed.
The palm of the hand is meat, and the back of the hand is also meat. The two choices now before him are based on harming his interests.
If you don't change the geology of that piece of land, you can build a garden house directly there, and on the premise that the floors are not more than ten floors, not only will you not make money, but you will also lose money.
In the later stage, there may be an accident of house collapse, in case of this kind of accident and human life, it will not only be a loss of money, but also likely to usher in a lawsuit, this account is more and more difficult to calculate.
The second option is relatively sensible and addresses the root causes of the land. But to change the geology there first, Ye Jingcheng has to invest at least 2 billion yuan more in the initial budget, which has already reached one-fifth of the total investment, which is equivalent to asking him to allocate the funds for the first two phases of development in advance.
Compared with other tycoons, Ye Jingcheng's biggest advantage is that he has abundant liquidity.
However, this abundance is based on the relative value of his property. At present, Ye Jingcheng's assets in Hong Kong are about 10 billion yuan, and 5 billion yuan of liquidity can be withdrawn, which is only enough to share the funds of several investment plans.
At this time, Ye Jingcheng wants to withdraw another two billion, and he can only sell part of his assets, which can be said to be the most brainless, and the current economic situation on Hong Kong Island is in the stage of waiting to be revived. It's too late for Ye Jingcheng to close up the industry, and now he still wants him to sell his assets?
The second is to suspend the investment funds of a certain plan, which can only be said to be not cost-effective, and the other plans have been implemented early and even the preliminary work has been done well compared to the 'Sha Tin First City', and the project funds and other payments have already paid the deposit.
Rather than halt an investment project, it is better to postpone the construction of City One Sha Tin.
The last option is to use the money he has invested in the foreign exchange market. Ye Jingcheng will not use this money easily, which is related to his entire plan to enter the overseas industry. In particular, when the Hong Kong dollar continues to fall, his exchange of US dollars is equivalent to depreciation.
No matter which choice Ye Jingcheng makes, it will be a kind of property damage to him in the short or long term.
Now it's all about forcing him to cut his meat!
Ye Jingcheng's fingers kept tapping on the table, and Deng Yongyong and several engineers couldn't help but look at each other.
They are also the first employees of Qianlong Investment, and the big boss has always given them a sense of calm, and rarely shows impatience and impatience. Now that both situations are happening at the same time, it seems that the problem is even more serious than they thought.
"This plan for the 'first city' has been postponed for three months for the time being." Ye Jingcheng decided.
This decision is the least costly approach at the moment, using three months as a buffer to find a way to solve the funding gap.
Don't think that the plan stops and starts again is just a matter of words. At the beginning of the plan, the company has already handed over to the partner, which can be said to be a whole body.
For example, the company's construction workers do not need to be paid if they stop working. Because there are too many problems and potential hidden dangers in short-term work, most of the construction workers recruited by the company are signed long-term contracts.
For example, the construction of a community like 'Sha Tin City 1' requires at least 10 engineering teams of more than 30 people, and the labor alone has exceeded 1.5 million per month, in addition to problems such as food and accommodation.
Of course, labor is still a relatively small expense.
From the lowest level of construction workers to suppliers of building materials, to some of the prerequisites for the Hong Kong government to approve the project. The public relations department must negotiate one by one, and if it causes losses to a certain party during the period, Ye Jingcheng must bear it.
"I'll let you know." Deng Yongyong nodded.
Later, Deng Yongyong and others saw that Ye Jingcheng had no other tasks assigned, so they quietly withdrew from the conference room very familiarly. At this time, there is really no need to touch Ye Jingcheng's moldy head,
What's more, as an employee, they just need to do what their boss says. If you are not sure of the superfluous things, you would rather have no merit than have a fault.
The next moment, Ye Jingcheng closed his eyes, and his brain turned sharply to start thinking about the whole thing.
At the beginning, Li Jiacheng was sincere in transferring this plan to him, and on the surface, the two parties were also an equal transaction, but Ye Jingcheng did not think that Li Jiacheng did not know, and in fact, he might have been behind his back.
As for the reason, there is no need for Ye Jingcheng to be more suspicious. Just saying that it needs to invest an additional 2 billion, for Li Ka-shing today, the pressure is probably much greater than his.
As a businessman, you must know how to transfer your own risks, and Li Jiacheng definitely has such an ability. In other words, when Ye Jingcheng faces this situation, he will try his best to solve it.
Li Jiacheng is not Ye Jingcheng after all, the latter knows more or less where the interests of the 'first city' lie, while the former can only judge by his vision that the burden of two billion has undoubtedly become a risk.
The most important thing is that two billion is enough to operate many things, and it is better to make other investments than to press on them, not to mention that Li Jiacheng also borrowed three billion loans from Ye Jingcheng through this investment plan.