Rebirth 2004 starts again
Chapter 16 Acquisition of Real Estate Company
So it is better to spend the money, and if you invest it properly, you can use the money to make money.
The place where so much money can be spent is real estate, but Lin Yu does not plan to buy a house. Instead, he plans to acquire a poorly managed real estate company. This real estate company is called Tianhai Real Estate. In later generations, due to poor management, It was almost unfinished. The boss wanted to sell the company but no one was willing to buy it. Just when the boss was desperate, suddenly the area where the project was located was designated as a key development area, and the house prices more than doubled. The real estate company survived, and it gradually grew and grew because of the four plots of land stored in this area in the early stage. This made the bosses who refused to buy the company regret it.
This period happened to be the most difficult time for Tianhai Real Estate. The company's capital chain was broken, projects were suspended, and no one was interested in selling the company.
Lin Yu came to Tianhai Real Estate. It was a single-family five-story building. The entire exterior wall of the building was paved with marble. The building was also located at the corner of a crossroad. It can be seen that the passion for entering real estate back then was huge.
Lin Yu asked others to wait for him outside, while he walked in alone.
Upon entering, there was a spacious lobby, directly opposite the front desk area, but Lin Yu did not see a single staff member. Based on the company layout, Lin Yu knew that the boss's office was on the fifth floor, so he got on the elevator.
When they arrived on the fifth floor, they didn't find a single staff member. Lin Yu was frowning at this time. Has the company been dissolved? No, we haven’t reached that point yet?
Just when Lin Yu was in a daze, a middle-aged man saw Lin Yu and asked
"Who are you looking for?"
Lin Yu looked at this person carefully and felt that this person was unusually haggard. He was about fifty years old, but his hair was already gray.
"I'm looking for the boss of Taihai Real Estate."
"Do you have anything to do with the boss?"
"I am very interested in Tianhai Company. I heard that Tianhai Company wants to sell it, so I came here to learn more."
The middle-aged man's eyes were glowing green and he said excitedly
"Hello, sir, I am the boss of Tianhai Real Estate. My name is Cao Chong. I wonder what your surname is, sir?"
"My name is Lin Yu."
"Hello, Mr. Lin, hello."
After saying that, he stretched out his hand, and Lin Yu shook his hand politely.
"Mr. Lin, let's talk in my office."
"Ok."
After the two of them sat down, Lin Yu said
"Why didn't I see any staff members along the way?"
"Well, to be honest, because the company has financial problems now, I have furloughed them all. If the company can be sold, they can come back to work at any time. If the company goes bankrupt, they will automatically has resigned."
Lin Yu also didn't expect that Tianhai Real Estate would be so difficult now.
"Is there no money left in the company's account?"
"If I had money, I wouldn't let them all go home. In addition to the lack of money in the company's account, the company still owes a lot of money to outsiders, so this is why I want to sell the company."
“Why not try to sell projects or stored land to obtain working capital?”
"Mr. Lin may not know that the problems our company is encountering now cannot be solved by selling one or two pieces of land. Since one or two pieces of land cannot solve the difficulties encountered by the company, then it is better to sell the company as a whole. This way You can also sell it for more money because of the completeness of the project.”
"Mr. Cao, I would like to ask, is this office building the property of the company?"
"Yes."
"Judging from the location and decoration of this office building, you should not be short of money at the beginning. Why has the company become what it is today?"
"Looking at Mr. Lin's appearance, he must have never done real estate. Those who do real estate are not short of money. They must either raise funds or get loans from banks. But there is a common problem in real estate, that is, the door must be good, no matter whether you have money or not. , the office building must be gorgeously decorated. As for the property rights of the office building, my company is engaged in real estate, so renting a house as an office building will make people laugh, and people will also think that you will run away at any time, so this is real estate The company's standard configuration. As for why the company is in its current situation, in fact, the main reason is blind confidence. It is believed that this area may be a hot spot in the future and housing prices will definitely rise sharply. Therefore, before the project is completed At that time, we acquired four more connected plots of land. But just when the company acquired the four plots of land, rumors spread. People said that my company’s capital chain was broken, so all the creditors and suppliers that I had financed from outside came here. The company wanted money from me, but how could I give it to them? So they became even more determined that my company’s capital chain was broken, so the project was stopped. They came to the company every day to make trouble, and in the end I had no choice but to let the employees go home first. .”
"Why didn't I see them making trouble today?"
"Because I told them yesterday that I was looking to sell the company. If the buyer sees that everything is due, then the company will not be sold. If it cannot be sold, then they will not be able to get their money. So they gave me ten days. Although you didn’t meet them in the company, they were monitoring every move here.”
"Oh?"
"If you don't believe me, look out the window."
As expected, Lin Yu saw two people sitting across the road outside the window.
"Haha, isn't it? They are afraid that I will run away, so they are keeping an eye on me 24 hours a day."
"Have you never thought about running away?"
"I have never thought about running away. Since it is my responsibility, I will take it. Even if I am insolvent in the end, I will slowly pay back the money."
Lin Yu gave a thumbs up, and Cao Chong smiled slightly.
"Mr. Cao, tell me about the project, and then how much do you want to sell it for?"
Cao Chong took out a project document and handed it to Lin Yu.
"The project we are developing now is called Tianhai Homes. It has a total of 5600 high-rise buildings, residential units, commercial service units, and a five-story shopping mall under construction. Now the main body of the project has been completed, only the community greening and We have some supporting facilities. In addition, the company has also acquired four pieces of land of the same area near this project, so the company’s prospects are still very good. If I had not reached the point where I had no choice, I would never sell the company as a whole. of."
"Then how much do you plan to sell it for?"
"Five billion."
"I'm afraid it's not that easy to come up with so much money, right?"
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