Chapter 354 Longhua Real Estate Acquisition Case
Zongheng Film Office.
"Boss, look, this is the information of the real estate company I am planning to acquire."
On the night when the land bidding meeting ended, Gan Qinglin proposed to Mo Xuan to acquire a real estate company to supplement Yihe Real Estate's employees so as to facilitate the smooth implementation of the company's Yihe Plaza project.
After getting his boss's nod, Gan Qinglin immediately took action the next day.
This is the first small project he joined Yihe Real Estate. He must handle everything he must do so, let his boss see how he deserves his preferences and the generous treatment.
In order to successfully complete the purpose of acquiring a high-quality real estate company, Gan Qinglin not only sent all the employees of Yihe Real Estate, but also used his connections that he had worked in Xiangjiang for so many years.
Finally, after a detailed investigation and his connections, Gan Qinglin finally found a real estate company that is cost-effective and in line with their acquisition of Yihe Real Estate.
"Oh? So fast?"
While taking the document handed over by Gan Qinglin, Mo Xuan looked at Gan Qinglin with admiration and looked at Gan Qinglin with enthusiasm. He really didn't expect that Gan Qinglin's efficiency was so high.
According to Mo Xuan's original plan, he planned to give Gan Qinglin a week to deal with this matter.
After all, it hasn't been long since Gan Qinglin took over Yihe Real Estate, which is equivalent to an empty space. Even if Gan Qinglin is talented, he always needs a certain period of adaptation. Unexpectedly, Gan Qinglin actually gave him a surprise. It seems that he is much better than what he imagined in his mind.
"Haha, boss, this time I'm lucky. I have a friend who just knew that the conditions were right. Real estate with excellent assets had to take action, so I was able to do so smoothly."
In fact, it was a coincidence that the real estate company that Gan Qinglin had chosen after a survey happened to be opened by a friend of his friend, so through his relationship with his friend, he easily opened up the transaction between the two parties.
"Longhua Real Estate?"
After carefully looking through the documents prepared by Gan Qinglin, Mo Xuan found that the information above was calculated in detail. This time, the real estate company that Gan Qinglin wanted to acquire was called Longhua Real Estate.
Longhua Real Estate, its full name is Longhua Real Estate Co., Ltd., which is a real estate company that only develops real estate business in Xiangjiang.
According to the information provided by Gan Qinglin, this company called "Longhua Real Estate" was established in 1977, with a history of seven years since now. Its founder is Liu Zhiwei and Fan Xiaoli, so Longhua Real Estate can be called a husband-and-wife store.
Liu Zhiwei and Fan Xiaoli both returned from studying in the United States and started a business in Xiangjiang. Originally, the couple started a real estate company, but they were both people with ideas.
Not long after returning to Hong Kong to start a business, they found that Xiangjiang's economy was booming, and the real estate construction industry was extremely prosperous. So they decisively gave up their previous industries and invested heavily in the development of Xiangjiang's real estate industry, and founded Longhua Real Estate.
I don’t know whether it was their luck or vision. In the next year of their establishment of Longhua Real Estate, that is, since 1982, the real estate market in Xiangjiang has begun to break off the normal development track and rise like a rocket.
At that time, Xiangjiang's real estate industry was unprecedentedly developed, with a large number of Xiangjiang real estate groups standing out, and the development plan was often calculated at 1 billion yuan. Therefore, although Longhua Real Estate encountered a good time, there was no capital involved and could only operate a smaller territory.
However, despite this, Liu Zhiwei and his wife also made a lot of money. In just three years from 1978 to 191, Longhua Real Estate's total assets also snowballed from a registered capital of 5 million Hong Kong dollars to tens of million Hong Kong dollars, which was more than ten times higher.
Perhaps the company was developing too smoothly. At the end of 1981, Longhua Real Estate misjudged the situation, and secondly, early investments returned one after another, so it continued to expand vigorously.
By 1982, the global economy was in a downturn, and Xiangjiang suffered a sharp drop in the real estate industry due to future problems. Longhua Real Estate's development plan suffered serious losses for the first time.
Last year, Longhua Real Estate had a financial crisis, which made it even worse for Longhua Real Estate, which was in a difficult situation. So in this case, Liu Zhiwei and Fan Xiaoli had the idea of selling Longhua Real Estate and then immigrating to the United States.
"Yes, boss, I have investigated it clearly in the past few days. Longhua Real Estate itself has no problem. Its current situation is mainly due to its rapid expansion, which has caused its capital chain to break.
And you should also know that many real estate companies in Xiangjiang take projects first and then develop by selling property.
The real estate industry is so recession now, so where will anyone buy a house? Therefore, its funds are dragged down and cannot return the bank's loan smoothly."
Seeing his boss looking at the information, Gan Qinglin explained to Mo Xuan in detail. He believed that his boss would be satisfied with the acquisition of Longhua Real Estate. Gan Qinglin had this confidence in his heart.
After hearing Gan Qinglin's introduction, Mo Xuan nodded with a smile on his face, and then said to him: "Well, look at the information you provided here, the situation of Longhua Real Estate is indeed pretty good.
By the way, how much does Longhua Real Estate still owe the bank?”
“HKD 71 million.”
"In other words, if we want to acquire Longhua Real Estate, the total price we need to pay is HK$103 million, right?"
According to the information provided above, when Liu Zhiwei discussed with Gan Qinglin, the sale condition proposed was 32 million yuan in cash, and he also had to bear all the debts of Longhua Real Estate's loan from the bank.
"Yes, boss, in my opinion, it is completely a deal that we have acquired Longhua Real Estate for HK$103 million.
Now there are several small projects under Longhua Real Estate, but the losses caused by the sluggish real estate market in Xiangjiang are completely a high-quality asset.”
In Gan Qinglin's view, the acquisition of Longhua Real Estate is definitely a profitable transaction. According to his calculations, when the real estate market in Xiangjiang rises again, Longhua Real Estate's existing assets will definitely grow significantly.
He believed that according to his boss's eyes, there was no reason to disagree with his acquisition plan.
"Okay, you convinced me, I agree!"
Chapter completed!