Chapter 490: Peony Garden
"Mr. Song, I used to be the director of the research institute under the Ministry of Electronics Industry, and several of our people engaged in research and development were also technicians of the Ministry of Electronics Industry, and now the ministry also knows about our research and development of Super D, and they are very interested in this matter. I think this technology can further promote the development of domestic D." Chu Wenbo said.
Now people who are engaged in technology in China basically know that foreign DVD machines have been developed and formed, and they will soon be put into mass production.
Therefore, many people have an unrealistic idea in their hearts, that is, to use this newly developed Super D technology to fight against the DVDs that are about to be put into production abroad.
What they didn't know was that Sunningdale had already begun to plan to retreat from D production in two years.
"What does the ministry think?" Song Yu asked.
"Naturally, we should learn from those companies abroad and develop a unified Super D standard. Then organize all D manufacturers in China to produce according to this unified standard." Chu Wenbo replied.
"If that's the case, then it's according to our SunningElectronics standards." Song Yu said.
Chu Wenbo shook his head with a smile and looked at Song Yu without speaking.
Song Yu immediately woke up to the fact that it was impossible to completely follow the super D technology developed by Xiangyang Electronics as the production standard, and the ministry must make certain changes, otherwise it would be unreasonable.
This is like a secretary, even if he has a good writing and a good speech draft, the leader has to rack his brains to revise a few words, and he will never accept all the orders without moving.
Song Yu was talking to Chu Wenbo when the phone in his pocket suddenly rang. He took out his phone, glanced at it, walked to the hallway, and said angrily, "What are you going to do with this kid? How many calls have you made me these days? I'm so busy right now that I don't have time to talk nonsense with you!"
Wang Xiaobei's voice came from the other end of the phone, and he said to Song Yu flatteringly: "Xiaoyu, I really have a good thing to find you this time, a good thing, a good opportunity to make a lot of money!"
"You kid has been talking and panting since you were a child, and you don't blink your eyes when you lie!" Song Yu said.
According to his previous temper, he should have hung up the phone a long time ago, but when he thought that Wang Xiaobei helped Xiangyang Electronics pull out two directors from the Ministry of Electronics Industry this time, and he was a person who had made meritorious contributions, Song Yuqiang suppressed the anger in his heart and planned to chat with Wang Xiaobei before hanging up the phone.
"Xiaoyu, you just give me half a day, I'll take you to a place to take a good look, it's really a good opportunity to make money, it's easy to make hundreds of millions!" Wang Xiaobei said.
"What do you do to make so much money?" Song Yu asked.
"Real estate, of course!" Wang Xiaobei replied.
"There is a dragon and a crouching tiger in this place in the capital, don't talk about you, even I don't dare to guarantee that I will take a piece of land down steadily." Song Yu said.
"The situation is different now, housing prices in the capital have fallen slightly in the past two years, and banks have begun to tighten their pockets and are reluctant to lend money on real estate. Many real estate companies are very difficult, aren't you Sunningdale not short of money? I've helped you find a good project, so don't forget me when the time comes!" Wang Xiaobei said.
"You really didn't lie to me?" Song Yu asked.
"If I lie to you, I'll get HIV in the future!" Wang Xiaobei gritted his teeth and said.
….
Hearing Wang Xiaobei say this, Song Yu had a cold war, and the poisonous oath made by this kid was really poisonous!
He hurriedly covered the microphone with his hand, for fear that the virus would run out of the microphone!
"I'm in Twin Elms right now, you can drive me up and pick me up right away." Song Yu said.
20 minutes later, Wang Xiaobei drove a Mercedes-Benz to the outside of the Xiangyang Electronics headquarters building, picked up Song Yu and drove towards Madian Bridge.
Song Yu was really tired, and he actually took a nap in the passenger seat soon after getting into the car.
When he opened his eyes again, the car had already crossed the Madian Bridge and was heading north.
"Are you pulling me to Badaling?" Song Yu asked in surprise.
"It's not that far, it's coming soon!" Wang Xiaobei replied.
sedan
After driving forward for more than 20 minutes, he turned right at an intersection of the highway and drove for nearly a kilometer, and Wang Xiaobei stopped the Mercedes-Benz.
Song Yu sat in the car and looked outside, a large area of wasteland that was fenced off by the side of the road seemed to be a construction site under construction.
However, they could not see the various vehicles and construction workers entering and leaving, and could not hear the sound of construction.
"What kind of property is this? How come I've never heard of it?" Song Yu asked.
"This is the Peony Garden. Some people are preparing to build a high-end villa area here, with a total of seven or eight hundred acres! What do you think? Is it enough pattern?" Wang Xiaobei replied.
Song Yu pushed the car door and got out of the car, Wang Xiaobei also got out of the car, and the two of them walked towards the big iron gate of the construction site.
Obviously, Wang Xiaobei has been here before, and he is very familiar with the only big living person on the construction site, that is, the old man who guards the door.
Hearing Wang Xiaobei's voice, the old man of the doorman opened the big iron gate of the construction site and let Song Yu and Wang Xiaobei walk in.
Most of the construction site is vacant, and most of the villas built are also half-pulled projects, and it seems that work has been suspended for a long time, and even the newly built villas look a little dilapidated.
"Who is the owner of this land? Why didn't he build it?" Song Yu asked.
"In 92, the Beijing Municipal Government went to Hong Kong Island to attract investment, and met a businessman who immigrated to Hong Kong Island from the mainland, and that kid made a fortune by selling 101 biochemical water when he was in China, and later immigrated to Hong Kong Island. He didn't have much money in his hand at all, but after arriving on Hong Kong Island, he saw that Hong Kong Island made money quickly selling pre-sale properties, and he also wanted to do this in the capital. After drawing the drawings, he collected the money to sell the house, and then took out a loan from the bank, empty-handed white wolf. As a result, he didn't play this set and smashed it, and he owed a lot of debt. When I was ninety-four years old, I couldn't think of dying." Wang Xiaobei said.
"Now that he's dead, who owns this property now?" Song Yu asked.
"In the hands of a Hong Kong Island businessman, the current national policy is to tighten bank loans, and his own mortgage loan of 100 million Hong Kong dollars for a company in Hong Kong is not enough at all, and the banks in the mainland cannot lend money now, so it is completely smashed in his hands. Now one hundred and five buyers who have already paid the advance payment are forcing him to return the money, forcing him to be anxious! Now is the time to get started!" Wang Xiaobei replied.
Song Yu looked at the construction site that looked like ruins and ruins for a while and said, "Don't worry about this matter first, I want to inquire carefully, discuss it with others on the board of directors, and then make a decision."
….
In the evening, Wang Weidong received a call from Song Yu about his visit to the peony garden in the capital today, and Song Yu said that he asked a few friends in the capital to inquire about the specific situation of the peony garden in the past few days.
Wang Weidong said, "Xiaoyu, you don't need to inquire about this matter. Xu Kangnian was a member of the Beijing Construction Committee before he retired, and if he wants to know about the situation in the Peony Garden, it must be more convenient than you, so I will go and ask him to inquire."
After ending the call with Song Yu, Wang Weidong walked out of his room and came to Xu Kangnian's room.
Wang Weidong asked, "Old Xu, do you know about the peony garden near Badaling in the capital?"
Hui Kangnian replied: "I know that it was a real estate project introduced by the city in 92 when the city organized an investment delegation to Hong Kong Island. Later, from '94 onwards, the state began to tighten its policy on real estate, and it was difficult to get a loan from the bank, so it became unfinished."
"What do you think of that project?" Wang Weidong then asked.
Xu Kangnian thought for a while and replied, "That location is very close to the Badaling Great Wall, and it is also very close to the Ming Tombs, and in the old saying, it is a treasure land of feng shui. Since the Jin Dynasty, the emperor's relatives have been willing to build their tombs there, and they are upwind of the capital, so there is no pollution."
"Can you contact those comrades in the past construction committee in the capital now, learn more about the situation in the Peony Garden, and see if we have the possibility of starting with Xiangyang Electronics?" Wang Weidong said.
"Okay, that's easy, I'll do it right away!" Xu Kangnian replied.
After more than an hour, Xu Kangnian came to Wang Weidong's room.
"I've basically inquired about it
Although the peony garden is an investment attraction project introduced by the city, some procedures have not been completed. The real estate developer sold one hundred and five households at a price of eight or nine thousand one square meters, a total of more than 100 million. Now those people are chasing the real estate developer on Hong Kong Island for money. You also know that the people who can afford to buy villas now are not ordinary people, so the real estate developer on Hong Kong Island is in a hurry to make a move." Xu Kangnian said.
"How much does it cost if we're going to take over?" Wang Weidong asked.
"I've already asked, and it will take about 400 million to take everything into account," Xu Kangnian replied.
After a pause, Xu Kangnian continued: "Mr. Wang, I think we can take over the Peony Garden project, I have inquired clearly just now, there are two or three golf courses that have been built and are under construction near the Peony Garden. As you know, golf courses consume a lot of water, and the capital is a very water-scarce place, just now the comrades of the city construction committee told me that there may soon be a policy to prohibit the construction of new golf courses around the capital, if this is the case The golf course that has been built is too precious, then the peony garden next to it will definitely appreciate! And just now my colleague told me that in the future, Beijing will become more and more strict in the approval of villa projects."
Wang Weidong thought in his heart that it was really good to have people like Xu Kangnian in Xiangyang Electronics.
He has now basically decided to take over the Peony Garden project.
However, the funds did not come out of Xiangyang Electronics, but he and Song Yu, Ou Xiaoyang and Ou Xiaojun invested to take over the peony garden.
….
After ending the conversation with Xu Kangnian, Wang Weidong called Li Yueshi again and told Li Yueshi about his plan to take over the Peony Garden in the capital.
"Miss Li, how much has the four of us earned on Hong Kong Island in the past two years?" Wang Weidong asked.
"Of course, you have the most income out of the four. Adding up the income of the four people, I estimate that it is more than 40 million Hong Kong dollars." Li Yueshi replied.
In the early eighties, the state introduced a policy that the corporate income tax was 55%. The highest personal income tax is 45%.
Since the beginning of the eighties, the state has gradually reduced the corporate income tax. By the mid-90s, it had dropped to about 30%.
However, the personal income tax part has not changed.
In foreign countries, personal income tax is generally lower than corporate income tax, and now the upper limit of personal income tax in China is 45%, far exceeding the corporate income tax.
Therefore, many senior executives and bosses of companies set up offices in Hong Kong in order to avoid taxes, that is, the senior management of the enterprise distributes income in Hong Kong.
Sunningdale is a company listed on Hong Kong Island, and it is normal for the top management of the company to distribute income on Hong Kong Island, while Hong Kong Island's personal income tax is only 15%. This is much lower than the 45% in the Mainland.
In the past two years, Wang Weidong, Song Yu, Ou Xiaojun and Ou Xiaoyang have received a large amount of wages and dividends from Xiangyang Electronics.
Now Wang Weidong wants to use this income to take over the peony garden project.
After Wang Weidong told Li Yueshi his idea, Li Yueshi said: "In addition to the existing 40 million Hong Kong dollars, your four shareholders also need to mortgage at least more than 300 million yuan in banks on Hong Kong Island with their shares. It is a lot of money to take over the real estate and restart construction. But at that time, if there is a steady stream of sellers buying the Peony Garden, we will not be short of money."
"Miss Li, I now invite you to go to the capital to meet the Hong Kong Island businessman who took over the Peony Garden, and take over the project at a low price as much as possible. We are not familiar with Hong Kong Island speculation, that is, the pre-sale method, and you are the most familiar with this aspect. You can also go to the scene of the peony garden to see if it is worth our purchase. When the time comes, I'll allow you to put some of your money into the shares." Wang Weidong said.
"Boss, you have to talk and count. I'll fly to the capital tomorrow!" Li Yueshi said.
On the afternoon of the next day, Li Yueshi met Deng Jiangang, the owner of Hong Kong Island High Fashion, in a hotel in Beijing.
Deng Jiangang, who had a sad face, was exhausted.
Liu Changming, who made a fortune by buying 101 hair growth water in China, immigrated to Hong Kong
After the island, it opened my eyes, in the late 80s and early 90s, there were no villas in China, and there was no sales method like Hong Kong Island, which is to speculate on pre-sale houses.
At this time, the Beijing Municipal Government formed a delegation to Hong Kong Island to attract investment. Liu Changming moved the research ship with his three-inch incorruptible tongue, and then returned to China and won a large piece of land near the Shahe River, intending to make a big profit.
However, what Liu Changming did not expect was that there were many obstacles when going through various procedures for real estate, resulting in incomplete procedures, and the state began to control banks to lend to real estate, which caused Liu Changming to have a shortage of funds, and finally he had no choice but to sell the Peony Garden project to Hong Kong Island businessman Deng Jiangang at a very low price.
Soon after, Liu Changming, who was crushed by debt, died.
As a successful businessman on Hong Kong Island, Deng Jiangang felt that he could use his experience on Hong Kong Island to make a name for himself in the capital.
But after he took over this real estate, he ran into walls everywhere, and was tortured in this place that needed connections and constantly kicked ball.
China is not something that a Hong Kong businessman of his level can mix.
Now that the 100 million Hong Kong dollars he brought have all been consumed, if he can't think of a way, Deng Jiangang can only follow in Liu Changming's footsteps.
"Mr. Liu, do you still know me? Wang Weidong of Xiangyang Electronics, Boss Wang, asked me to come to the capital to see you, he wants to pull you!" Li Yueshi said with a smile.
Unstable balance