Chapter Twenty-Three: The Integration of Small Swallowing Big
It was already half past one in the morning when they arrived in the provincial capital, Lin Quan and Fang Nan still booked two top-floor suites with opposite doors at the Four Seasons Hotel, lingered for a while, and fell asleep together, only to wake up until the sun spilled in through the sunshade curtains. Fang Nan looked at her watch and was startled, and after a while, she was going to hold a meeting of the administrative director to wake Lin Quan up, while she was wearing a nightdress and holding a bunch of clothes to the opposite suite to wash.
Xinghu Industrial Executive Director Meeting to be held for a day, at noon everyone in the four seasons of dining, in the afternoon mainly to discuss the issue of Xinghu real estate, Luo Yitong was also invited to participate, noon work banquet rushed over, after lunch, Lin Quan, several CEOs, Luo Yitong, Luo Qing father and daughter, in the lounge talk.
Lin Quan informed Luo Yitong of the situation of Pengrun Home, but Luo Qing was the deputy director of the Pengrun Home Development Project, so he naturally told Luo Yitong about the matter.
"Pengrun has a total of more than 960 million under the account, of which, to retain 80 million infrastructure costs, 190 million decoration costs, 10 million financial expenses, these three money will be used up soon, and the remaining 680 million funds, how to use this fund? Whether to sit on the ground and share the spoils, or what, you have to listen to Mr. Luo's opinion. ”
"What's going on?" Luo Yitong asked Lin Quan rhetorically.
Everyone gave him a tongue twister-like relaxed tone and laughed. Ignore the 370 million loans of Pengrun Homes, these loans should be sold in Building A and then considered to be returned. 680 million, Hutchison Industrial 170 million, Xinghu Real Estate 510 million, Hutchison invested 100 million, Xinghu Land invested 300 million, in addition to recovering costs, but also received more than 50% dividends, Building A is sold, and they will each get three or four times the income, no wonder Luo Yitong is in such a good mood, and the wrinkled old cucumber's face is smiling.
Lin Quan said: "Yaoxi investors bought Building B as a whole, and I signed a confidentiality agreement with them to restrain the spread of news, the intention is not to maintain a mysterious surname, first, the reputation of cooperation with property speculators is not good, especially after the soaring housing prices, the public will be resentful, but the main reason is to undercurrent under the water to make the water surface look calmer." There are eighty-six unfinished buildings in the city, twenty-six in the central city, and the rest are distributed in two high-tech zones and new districts, among the twenty-six unfinished buildings in the central city, there are four with the most investment value, two residential apartment buildings, a villa park, and two commercial office buildings. ”
Luo Yitong took the information, flipped a few pages, nodded, and said: "The information I collected is not so comprehensive, but I am also optimistic about these four buildings, and now the undercurrent below has not sprung up, and it has not alarmed other developers too much, Mr. Lin is ready to eat all five projects?" ”
Lin Quan said: "Mr. Luo has researched, the only advantage of developing unfinished buildings, and the biggest benefit, is that the cycle is short, in the rising period of the property market, especially in the rising period that is about to detonate, the most attractive thing about unfinished buildings is that the cycle is short." How many months have passed since we officially took over Pengrun Home? Lin Quan's penetrating eyes looked at everyone present, "I can say for sure that the annual rate of return of Pengrun Homes will be unsurpassable, even if some projects are more expensive than Pengrun Homes, but it is impossible to complete the whole process in just four months." Four months, it only takes four months! ”
"Do you see that the regional plate on the south bank of the lake will rise in the next three years, but Xinghu refrains from making a move, because of this characteristic of the unfinished building project?" Luo Yitong raised his head and asked Lin Quan.
"Yes, if Xinghu wants to quickly grow into a first-class real estate developer, there must be a shortcut," Lin Quan did not hide his eagerness for quick success, "Everyone will be annoyed by today's conservatism, but Xinghu will not." Lin Quan accentuated his tone, "Xinghu will not, in two or three years, the citizens will inevitably find that the Xinghu I founded will become the king of unfinished buildings in this city!" ”
"He Huang was bewitched by you and hoarded some land on the south bank," Luo Yitong was infected by Lin Quan's strong self-confidence, and his tone couldn't help but rise an octave, "The king of unfinished buildings, this title, hehe...... As long as you don't have to carry it with Huang, it's fine. ”
Lin Quan saw that Luo Yitong affirmed his proposal, opened the document in front of him, and reported a set of data: "The profit of Pengrun Homes will exceed one billion, which is an encouraging data." We can withdraw the billion yuan in advance now, and I am negotiating with the relevant parties of CCB whether to make a second mortgage on Building A, or to repay the loan first, and then apply for a loan, in short, the mortgage loan of Building A can be increased to 800 million, and the 31st to 36th floors of Building B can also lend 100 million. In this way, after deducting the necessary reserved funds, at least 1.2 billion yuan can be raised from Pengrun Homes, and Xinghu is fully capable of eating four of the five unfinished building projects with the most investment value. ”
Lin Quan confided the plan in his heart, and also breathed a sigh of relief, seeing that everyone held their breath and didn't dare to exhale, the feeling that the overall situation was under control was really refreshing. Of course, the real problem is still as serious, Xinghu has a lot of money in hand, and can raise more huge funds through various channels, but Xinghu is short of people, and the operation of unfinished buildings is not only the operation of capital, but also a large number of developers.
"I hope that Hutchison will send a large number of experienced project personnel to Xinghu Real Estate, and this large number is likely to affect Hutchison's other projects." Lin Quan said his request frankly.
The project development company under the name of Xinghu Real Estate has suddenly increased from one to five or even six, and the manpower is seriously insufficient, and when Xinghu itself cultivates a large number of developers, the real estate industry has already entered a turbulent era, and Lin Quan's intention is to ask Hutchison Industrial to suspend other projects and integrate manpower and material resources into the name of Xinghu Real Estate.
Hutchison Industrial is mainly engaged in real estate development, and it can be said that Luo Yitong's current energy is not in industry. If the real estate development manpower and material resources under the name of Hutchison Industry are integrated into Xinghu Real Estate, then Lin Quan has completed a feat of eating a big fish with a small fish, maybe Xinghu Industry cannot be regarded as a small fish, but he has grown too fast, and some of it is difficult to accept, everything depends on whether Luo Yitong has this bearing.
Lin Quan saw Luo Yitong fall into silence, and sat there quietly waiting for him to consider.
The advantages of Xinghu Industrial, one is marketing, Lin Quan's genius performance, can be said to be the biggest basis for cooperation, the second is the political axe resources, without the cooperation of municipal engineering, Danshan Apartment, and Pengrun Homes can not achieve such great success, the third is that Xinghu Industrial has accumulated a lot of experience in the development of unfinished building projects, and the third point, Lin Quan seems to be able to lend all the funds he needs from the bank.
Hutchison Industries single-handedly swallowed a building for development, and the profit obtained was definitely much less than that of cooperating with Xinghu. Luo Yitong Pengrun Homes invested only 100 million, and the expected profit will reach 250 million, and the entire development cycle does not even take a year.
Luo Yitong looked at Lin Quan, this young man was insignificant two years ago, but now he is on an equal footing with himself, and in time, he will have his own economic empire.
Everyone else sitting in the lounge held their breath.
Lin Quan easily knocked on the openwork glass table, looked at Luo Yitong, and made an astonishing decision: "Xinghu Marketing, Xinghu Real Estate, Xinghu Property, and other project companies of Xinghu Real Estate under the name of Xinghu Industrial can transfer 25% of the equity to Hutchison Industrial, so that Hutchison Industrial's stake in Xinghu Industrial can reach 25%. If Mr. Luo is interested, Jinghai United Investment's stake in Xinghu Industrial can even be reduced to 49%, bringing Hutchison's stake to 41%. However, if this is the case, Hutchison Industrial should be changed to Hutchison Investment Group, which is worthy of its name. ”
Luo Yitong's eyes lit up, obviously impressed by Lin Quan's proposal. There is no need for Lin Quan to explain, Luo Yitong also understands that in the next few years, it will be a carnival feast for developers, and Luo Yitong does not care about the nominal gains and losses, the most important thing is the share occupied in the feast of wealth. Luo Yitong didn't expect Lin Quan to agree to transfer 41% of the equity and even give up his absolute controlling stake in Xinghu.
Luo Yitong raised his eyes to look at Lin Quan, looking at this young man who had been amazed and delighted by this person, and from his calm and calm eyes, he could see that his proposal was his true thoughts. Luo Yitong's voice was a little hoarse, and said: "This is not bad, not to mention Xinghu Real Estate, other departments of Xinghu Industry also let you operate as a cash cow, the profit in the first three quarters will reach 120 million, and the annual profit is expected to be 150 million, if Hutchison Industrial has not made some money in Danshan Apartment, the profit in the past few years is not as good as that of Xinghu Industrial, which has only been established for two years, you are willing to sell 41% of the shares, I really can't find a reason to refuse you." I'm just curious, why don't you maintain an absolute controlling position. ”
Lin Quan said with a smile: "If everyone really betrays their relatives and leaves, the absolute controlling position will only make Xinghu Industry slide into the abyss of destruction, it is good to make money, why ask for absolute control?" ”
The integration of Hutchison's human resources will make up for the biggest shortcomings of Xinghu Industrial, which has been working closely with Hutchison for a year and a half, and the difficulty of integration has been reduced to a very low level.
With Shinelake's marketing model, marketing channels for branch expansion, political resources, and Hutchison's development experience and human resources, the newly formed company will have the potential and potential to become a first-class real estate developer.
The most critical issue now is how to evaluate the assets of the real estate project departments of Jixinghu Industrial and Hutchison Industrial.
(To be continued)