Since 1979 I have been in the tide of the times

Chapter 483 Peony Garden

"Mr. Song, I used to be the director of a research institute affiliated to the Ministry of Electronics Industry. Several of our research and development personnel were originally technicians from the Ministry of Electronics Industry. Now the Ministry also knows about our research and development of super VCDs. They are very concerned about this matter. I am very interested in this matter. I think this technology can further promote the development of domestic VCD." Chu Wenbo said.

Now people who are engaged in video technology in China basically know that foreign DVD players have been developed and formed, and will soon be put into mass production.

So many people have an unrealistic idea in mind, that is to use this newly developed super vcd technology to fight against the dvd that is about to be put into production abroad.

What they don't know is that Xiangyang Electronics has already started planning to withdraw from VCD production two years later.

"What does the ministry think?" Song Yu asked.

"Naturally, we should learn from those foreign companies and formulate a unified super VCD standard. Then organize domestic VCD manufacturers to produce according to this unified standard." Chu Wenbo replied.

"If this is the case, then follow our Xiangyang Electronics' standards." Song Yu said.

Chu Wenbo shook his head and looked at Song Yu with a smile but did not speak.

Song Yu immediately realized that it was impossible to completely follow the super vcd technology developed by Xiangyang Electronics as the production standard, and the department must make certain changes, otherwise it would be unreasonable.

It's like a secretary, no matter how good his writing skills are, or how good his speech is, the leader has to rack his brains to revise a few words, and will never accept everything as it is ordered.

While Song Yu was talking to Chu Wenbo, the phone in his pocket rang suddenly.He took out his phone, glanced into the corridor and said angrily, "What are you doing, kid? How many times have you called me these days? I'm so busy right now that I don't have time to talk to you!"

Wang Xiaobei's voice came from the other end of the phone, and he said to Song Yu flatteringly, "Xiaoyu, it's really a good thing for me to find you this time, a good thing, a good opportunity to make a lot of money!"

"You kid has been panting when you talk since you were a child, and you don't even 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 thinking that Wang Xiaobei helped Xiangyang Electronics pull out two directors from the Ministry of Electronics Industry this time, and they are people who have made great contributions, Song Yu suppressed the anger in his heart He planned to have a chat with Wang Xiaobei before hanging up the phone.

"Xiaoyu, 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.

"Why do you make so much money?" Song Yu asked.

"Of course it's real estate!" Wang Xiaobei replied.

"There are hidden dragons and crouching tigers in the capital city. Don't talk about you, even I can't promise to secure a piece of land." Song Yu said.

"The situation is different now. In the past two years, housing prices in Beijing have dropped slightly. Banks have also begun to tighten their pockets and are unwilling to lend money to real estate. Many real estate companies are in difficulty. Aren't you Xiangyang Electronics short of money? Let me help you You found a good project, don't forget me as a hero!" Wang Xiaobei said.

"You really didn't lie to me?" Song Yu asked.

"If I lie to you, I will get HIV in the future!" Wang Xiaobei said through gritted teeth.

Hearing what Wang Xiaobei said, Song Yu felt a cold war, and the poisonous oath that this kid swore was really too poisonous!

He hurriedly covered the microphone with his hand, for fear that the virus would come out of the microphone!
"I'm in Shuangyushu now, you can drive to pick me up immediately." Song Yu said.

Twenty 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. He fell asleep in the passenger seat shortly after getting in the car.

When he opened his eyes again, the car had passed the Madian Bridge and was heading north.

"Are you going to take me to Badaling?" Song Yu asked in surprise.

"It's not that far, we'll be there soon!" Wang Xiaobei replied.

The car drove forward for more than 20 minutes, turned right at a junction of the expressway, and drove nearly one kilometer to stop the Mercedes-Benz.

Song Yu sat in the car and looked outside. The large wasteland surrounded by the road seemed to be a construction site under construction.

But you can't see all kinds of vehicles and construction workers coming in and out, let alone the sound of construction.

"What kind of real estate is this? Why have I never heard of it?" Song Yu asked.

"This is the Peony Garden. Someone is planning to build a high-end villa area here, with a total of seven or eight hundred acres! How is it? Is it big enough?" Wang Xiaobei replied.

Song Yu opened the door and got out of the car, Wang Xiaobei also got out of the car, and the two walked towards the big iron gate of the construction site.

Apparently Wang Xiaobei had been here before, and he was very familiar with the only living person on the construction site—that is, the old man at the gate.

Hearing Wang Xiaobei's voice, the old guard opened the big iron gate of the construction site and let Song Yu and Wang Xiaobei walk in.

Most of the construction site is empty land, and most of the villas built are half-finished projects, and it seems that they have been suspended for a long time. Even the newly built villas look a little dilapidated.

"Who is the boss who took this land? Why didn't he build it?" Song Yu asked.

"In 92, the Beijing Municipal Government went to Hong Kong Island to attract business, and met a businessman who immigrated to Hong Kong Island from the mainland. 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 a lot of money at all, but after arriving in Hong Kong Island, he saw that selling uncompleted properties in Hong Kong Island made money quickly, and he also wanted to do this in Beijing. After drawing the blueprints, he collected money to sell the flats, and then borrowed money from the bank, empty gloves White Wolf. In the end, he didn't play well with this game, and he was in debt. In [-], he couldn't think about it to death." Wang Xiaobei said.

"Since he is dead, who owns this real estate now?" Song Yu asked.

"In the hands of a businessman from Hong Kong Island, the current national policy is to tighten bank loans. His own company mortgage loan of 1 million Hong Kong dollars in Hong Kong is not enough at all. Banks in the mainland can't lend money now, and it is completely in his hands. Now One hundred and five buyers who have already paid the advance payment are forcing him to refund the money, forcing him to burn out! Now is a good time for us to enter the game!" Wang Xiaobei replied.

Song Yu looked at the ruined construction site and thought for a while and said, "There is no rush for this matter, I will inquire carefully, discuss it with other people on the board of directors, and then make a decision."

In the evening, Wang Weidong received a call from Song Yu, telling him about his visit to the Peony Garden in the capital today. Song Yu also said that he asked some 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. Before Xu Kangnian retired, he worked for the Beijing Municipal Construction Committee. If he wants to know the situation of Peony Garden, it must be more convenient than you. I'll ask him to inquire about it."

After finishing 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?"

Xu Kangnian replied: "I know, it was a real estate project that the city organized an investment promotion delegation to Hong Kong Island to introduce in 92. Later, since 94, the country began to tighten policies on real estate, and it was difficult to get that project from the bank. Loans, so it became unfinished."

"What do you think of that project?" Wang Weidong continued to ask.

Xu Kangnian thought for a while and replied: "That location is very close to the Badaling Great Wall and the Ming Tombs. In the old saying, it is a treasure land of geomantic omen. Since the Jin Dynasty, the relatives of the emperor were willing to build their tombs there. And it is in the upper air outlet of the capital, so there is no pollution.”

"Can you get in touch with those comrades from the construction committee in the capital now to learn more about the situation of Peony Garden and see if there is a possibility for Xiangyang Electronics to buy it?" Wang Weidong said.

"Okay, it'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 have basically found out that although Peony Garden is an investment attraction project introduced by the city, some procedures have not been completed. The real estate agent sold [-] households at a price of [-] square meters. , a total of more than [-] million. Now those people are chasing after that Hong Kong Island real estate developer for money. You also know that people who can afford villas are not ordinary people, so that Hong Kong Island real estate developer has been chased to death. I am eager to make a move." Xu Kangnian said.

"How much will it cost if we want to take over?" Wang Weidong asked.

"I've already asked. Taking all aspects into consideration, it will cost about [-] million yuan," Xu Kangnian replied.

Xu Kangnian paused for a while and continued: "Mr. Wang, I think we can take over the Peony Garden project. I have already inquired clearly just now. There are two or three golf courses that have been built or are under construction near the Peony Garden. You also know , the golf course consumes a lot of water, and Beijing is a place that is very short of water. Just now, the comrades of the city construction committee told me that a policy may be issued soon to prohibit the construction of new golf courses around the capital. If so, it has already been built The golf course is too precious, so the Peony Garden next to it will definitely increase in value! And my colleague just told me that the capital will become stricter and stricter in the approval of villa projects in the future."

Wang Weidong thought to himself that it would be great to have someone like Xu Kangnian in Xiangyang Electronics.

He has now basically decided to take over the Peony Garden project.

However, the funds were not from Xiangyang Electronics, but he, Song Yu, Ou Xiaoyang and Ou Xiaojun contributed to take over the Peony Garden.

After finishing 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 Beijing.

"Miss Li, what is the total income of the four of us on Hong Kong Island in the past two years?" Wang Weidong asked.

"Of course you have the most income among the four people. Adding up the income of the four people, I estimate that there are more than 4000 million Hong Kong dollars." Li Yueshi replied.

In the early 80s, the state issued a policy that the corporate income tax was 55%.The highest personal income tax is 45%.

Since the early 80s, the state has gradually reduced corporate income tax.By the mid-90s, it had dropped to about 30%.

The personal income tax part has not changed.

In foreign countries, the personal income tax is generally lower than the corporate income tax, but now the upper limit of the domestic personal income tax is 45%, far exceeding the corporate income tax.

Therefore, the top executives and bosses in many companies set up organizations in Hong Kong in order to avoid taxation, that is, the top executives of the company distribute their income in Hong Kong.

Xiangyang Electronics is a company listed on Hong Kong Island. It is normal for the top management of the company to distribute income in Hong Kong Island, but the personal income tax on Hong Kong Island is only 15%.Compared with the 45% in the Mainland, it is much lower.

In the past two years, Wang Weidong, Song Yu, Ou Xiaojun and Ou Xiaoyang have received a lot of salary 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 thoughts, Li Yueshi said: "In addition to the existing 4000 million Hong Kong dollars, your four shareholders also need to mortgage at least [-] million yuan in banks on Hong Kong Island with their shares. Take over It will cost a lot of money to restart the construction of the real estate. But by then, if there are a steady stream of sellers to buy the real estate in Peony Garden, we will not be short of money."

"Miss Li, now I invite you to go to the capital to meet the Hong Kong businessman who took over the Peony Garden real estate, and try to take over the project at a low price. We are not familiar with Hong Kong island speculation, that is, pre-sale. You are the one who is most familiar with this aspect. You also go to the Peony Garden to see if it is worth our money. Then I will allow you to take part of the funds to invest in the stock.” Wang Weidong said.

"Boss, you must keep your word. Tomorrow I will fly to the capital!" Li Yueshi said.

In the afternoon of the next day, Li Yueshi met Deng Jiangang, the boss of Hong Kong Island Dali Company, in a hotel in Beijing.

The frowning Deng Jiangang was exhausted.

Liu Changming, who made his fortune by buying 101 hair growth water in China, was an eye-opener after immigrating to Hong Kong Island. In the late 80s and early 90s, there were no villas in China, let alone pre-sale properties like Hong Kong Island. method of sales.

At this time, the Beijing Municipal Government formed a delegation to Hong Kong Island to attract investment.Liu Changming persuaded the survey ship with his three-inch tongue, and then returned to China to win a large piece of land in this geomantic treasure near the Shahe River, intending to make a fortune.

But what Liu Changming did not expect was that there were many obstacles when going through the various procedures of real estate, resulting in incomplete procedures, and the state began to control banks' loans to real estate, which caused Liu Changming's shortage of funds. The price of Peony Garden was sold to Deng Jiangang, a Hong Kong businessman.

Soon after, Liu Changming, overwhelmed by debts, died.

As a successful businessman on Hong Kong Island, Deng Jiangang felt that he could make a living in the capital by virtue of his experience on Hong Kong Island.

But after he took over this real estate, he hit a wall everywhere, and was tortured to death in this place that required personal connections and constant kicking.

China is not something a Hong Kong Island businessman of his level can mix with.

Now the 1 million Hong Kong dollars he brought has been exhausted. If he can't think of a way, Deng Jiangang can only follow in Liu Changming's footsteps.

"Mr. Deng, do you still know me? Boss Wang Weidong Wang of Xiangyang Electronics asked me to come to the capital to meet you. He wants to give you a hand!" Li Yueshi said with a smile.

(End of this chapter)