Year: I had a good time when I was young

Chapter 805 Write Chu Jinrong's name

Chu Xiangqian was an ordinary worker in his previous life, so he understood the mentality of workers quite well.

Ling Feng's mentality can be easily seen, so winning people's hearts is sometimes difficult and sometimes very easy.

If you just make empty promises, your subordinates will always be disappointed.

But if you pay them enough money and give them spiritual affirmation, their work enthusiasm will definitely skyrocket.

Of course, when employees are promoted from the bottom to a certain high position, their mentality will be different.

At that time, not everyone had enough ability to hold a high position.

When Chu Xiangqian also gave Le Yan a bonus of 2 Hong Kong dollars, although Ling Feng kept smiling, Chu Xiangqian could still see jealousy and dissatisfaction in his eyes.

Instead, Le Yan took the initiative to say that this plan was basically written entirely by Ling Feng, and he only made a few minor suggestions.

To Chu Xiangqian, it was perfectly normal for Le Yan to take the initiative to clarify and help Ling Feng take credit.

But this did not stop him from continuing to sow discord between the two, or in other words, to arouse Ling Feng's jealousy.

Firstly, if the two subordinates continue to be as close as brothers, then I will be the one who has a headache.

Secondly, Ling Feng is really capable when he works hard.

Of course, provoking someone does not mean that the two must fight to the death. The balance in between will test Chu Xiangqian's ability and skill.
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Although the plan was good, Chu Xiangqian changed the idea of ​​leasing a shopping mall into directly purchasing the property.

After returning the plan to the two, Chu Xiangqian asked with a serious expression, "Your job now is to go out and find a suitable venue, and contact and invite major electrical appliance manufacturers in Hong Kong Island to settle in the Electrical City.

We contacted all electrical appliance manufacturers, whether they were local ones in Hong Kong, Europe, America, Japan, or South Korea.

As long as the import price is low enough, we can even ship it back ourselves."

Le Yan and Ling Feng nodded. Thinking about the fact that their boss had a shipping company, and the freight alone was lower than that of other electrical appliance sellers, the advantage would be obvious when a price war started.

The profit may not even be less than that of other electrical appliance sellers.

To put it bluntly, small profits but quick turnover may seem to make less money, but as long as you occupy more and more market share, you will earn more in the end.

It is not so easy to sell at a low profit but in large quantities. At the same time, just this one core point is enough to kill most of the competitors in the market.

In addition, Chu Xiangqian himself owns the Oriental Daily News, which has a circulation of over 30 copies in Hong Kong Island. If he places an advertisement in the newspaper and states that the prices of large electrical appliances, such as washing machines and electricity meter boxes, are lower than those of other electrical appliance sellers.

It is hard for customers not to go to the electronics mall.

Customers who purchase large items also have a certain probability of purchasing a second appliance.
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When Le Yan heard Chu Xiangqian directly buy four suitable venues, he understood in his heart that Chu Xiangqian was really not short of money and there was really no need for him to invest in Lejia Department Store at this time.

While I feel relieved, I also realize that competition is inevitable.

He secretly thought that it was a good thing that he was working for Chu Xiangqian, otherwise by the time the electrical appliance city was built and opened to the public, it might be too late to raise funds to tide over the difficulties.

Moreover, with one or two months of advance preparation, Lejia Department Store could reduce the prices in advance to clear out the inventory of electrical appliances.

Then, after the price war broke out, the company also launched a price reduction promotion model for daily necessities, textiles, hardware, stationery and other products.

It can also be regarded as a collaboration with Chu's Electrical Appliance City to strangle other department stores.

Of course, this idea was not thought up by Le Yan, but was a new one that his father Le Jimin came up with after thinking about it all night.

If Chu Xiangqian knew about this, he would definitely give the old man a thumbs up.
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After the two of them left Chu Xiangqian's office, Ling Feng immediately took the initiative to say to Le Yan, "Ah Yan, I'll do the errands. After all, you are still Chu Sheng's assistant, and you still need to keep an eye on the shipping company's affairs."

Le Yan didn't think much about it, and what Ling Feng said was right, his current identity was indeed an assistant who assisted the boss in managing company affairs.

"Okay, thank you for your hard work. Once we find a suitable venue, we'll go check it out together. If we think it's suitable, we'll report it to the boss."

Ling Feng nodded after listening, but he was muttering in his heart, since you are the boss's confidant, there is no need for you to compete with me for this business of the electronics city, right?

Moreover, you have never done sales work and have no experience in it. If I really let you serve as a manager at the electronics mall, it would be irresponsible to your boss.

Chu Xiangqian naturally didn't care about the competition between the two and their respective little thoughts. After Ling Feng spent two days with Le Yan on Wan Chai Road, they saw a five-story building with an area of ​​1800 square meters.

Chu Xiangqian directly asked Ling Feng and Le Yan to talk to the boss about the possibility of buying the entire building.

Then he called Ye Xiaoli and asked him what he thought of the building.

When Ye Xiaoli first met Chu Xiangqian, he looked for real estate properties for sale for Chu Xiangqian.

Although he stopped looking for a house after he was busy building the building, Ye Xiaoli was definitely a professional when it came to the prices and locations of real estate in Hong Kong Island.

After Ling Feng and Le Yan received the task, they couldn't help but complain in their hearts. The original price of the first and second floors was 600 million Hong Kong dollars, which was already a high price and exceeded the budget of 500 million for the Electrical City.

If this wasn’t Wan Chai Road and the area wasn’t large enough, and the previous tenant couldn’t continue running the business, the boss would be able to rent or sell the place, and would have reported this to Chu Xiangqian.

Now, the big boss took a fancy to it and actually bought the whole building.

Of course, the price of the first floor facing the street is naturally more expensive.

The value of the second floor is that it is more suitable for commercial use than the third, fourth and fifth floors.

In Ye Xiaoli's opinion, the offer of 600 million is actually quite suitable. What's more important is that the location is good and there is great potential for appreciation.

After Ling Feng and Le Yan talked to the owner and offered a price of 1200 million, there was no need for Chu Xiangqian to show up. Ling Feng went to the owner's house several times by himself and negotiated the price to 5 million in just 960 days.

But the owner had to pay in full at one time, which was no problem for Chu Xiangqian.

However, after signing the purchase agreement, Chu Xiangqian did not write his name on the property certificate of the building.

Instead, he used his connections with the land agent Nelson to write Chu Jingrong's name on the property certificate.

At that time, Hong Kong's inheritance law and gift law were very loosely managed. As long as you found a connection, the property could be transferred.

If you want to put your assets in the name of your children decades later, the gift tax and inheritance tax you need to pay will definitely be high.

Of course, the building was named after Chu Jingrong, but Chu Xiangqian still retained the right of control.

As for how to keep it, that's a question for the lawyers.

As the major shareholder of Wilson Wong & Co., this law firm has become a well-known law firm in Hong Kong Island after several years of development.

Just providing legal and accounting services to Chu Xiangqian brings in millions of Hong Kong dollars each year.

But Chu Xiangqian actually did not suffer any loss. The more famous the law firm was, the more money he would naturally make.

The annual dividend is 700,000 to 800,000 yuan, but Chu Xiangqian did not take the money directly.

Instead, he hired Wilson Wong and five other barristers as his personal lawyers in his private capacity at a price of HK$5 per person per year.

If there is a legal need or a lawsuit is required, the price will be calculated separately.

To put it bluntly, the 30 Hong Kong dollars is to prevent six well-known barristers in Hong Kong Island, such as Wilson Wong, from being hired by outsiders first when there is a legal need.

Chu Xiangqian knew that there were many lawsuits in Hong Kong, and hiring a lawyer was just like hiring a bodyguard.

The hiring fee may seem expensive at ordinary times, but when the need arises, this little money is nothing.

The Hong Kong tycoon who was kidnapped twice did hire bodyguards after he was safely kidnapped the first time, but after two or three years, the other party disliked the expensive bodyguard fees and fired all of them.

It's true that he didn't leave any bodyguards.

Then a few years later he was kidnapped a second time, and even after paying $6 million, he never came back.

This was 90 million US dollars in the early 6s, enough for him and his descendants to hire a bodyguard team for hundreds of years.

If a special fund is established, relying solely on the annual profits of the fund, generations will not have to worry about bodyguard expenses.
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Since Chu Xiangqian still controls and manages the small building on Wan Chai Road.

In other words, even if Chu Jingrong knew that this building was his in the future, he would not be able to sell it privately, and he would not even be able to get the rent from the electrical appliance city.

After the building was bought, Chu Xiangqian directly handed over matters such as decoration to Ye Xiaoli.

He was also told that at least three more buildings would be converted into shopping malls.

For Ye Xiaoli, who already has the ability and experience to build high-rise buildings, this kind of work is just a small project.

But Ye Xiaoli was watching him personally, his purpose was nothing more than to show off in front of Chu Xiangqian.

After the renovation workers started to arrive, Chu Xiangqian called Ling Feng to his office that day.

Ling Feng was given a check for 5 Hong Kong dollars as a reward for negotiating the offer from 1200 million to 960 million.

According to the estimates made by Ye Xiaoli and the accountant of the law firm when Ling Feng went to negotiate the price with the previous owner, 1200 million was the market price for the building.

After all, this is Wan Chai, which is much more prosperous than Causeway Bay which has not yet really developed.

Moreover, there are not only commercial buildings but also many residential areas around.

The real estate prices in Hong Kong Island have indeed risen a lot in recent years. Three and a half years ago, in 60, when Chu Xiangqian bought the Po Fung Building at the junction of Tsim Sha Tsui and Yau Ma Tei, he only spent 500 million Hong Kong dollars.

Of course, although Baofeng Building is a newly built building, it is only 10 stories high and covers an area of ​​just over 500 square meters.

Although this building on Wan Chai Road has only five floors and is an old building built more than 5 years ago, it covers an area of ​​1800 square meters.

After buying it for 960 million, Chu Xiangqian felt that he had made a huge profit.

The residential buildings around here, houses of 5 or 60 square meters, cost or yuan.

If this building is demolished and rebuilt into a high-rise building, at least three buildings with 3 floors each can be constructed. We can make about 18 million just from selling the houses.

It is obvious why there will be so many real estate developers who will become rich in the future.

Ye Xiaoli advised Chu Xiangqian to simply demolish the house and build a high-rise building, with the 1st to 4th floors used as commercial units.

5到18，甚至22楼建30到50平米的小单位对外销售。

Not only is the electronics mall still open, it’s a brand new mall.

By selling the residential units, you can earn back the money used to buy the land and even more than 1 million.

Chu Xiangqian knew that Ye Xiaoli was right.

But he also knows that there will be a banking crisis in Hong Kong Island next year and a real estate crash the year after.

Those who start building high-rise buildings this year will not be able to sell their properties by the year after next or the year after that.

So even if we want to demolish and rebuild it, it will have to be after the year after next.

However, in order not to discourage Ye Xiaoli's enthusiasm, Chu Xiangqian needed to open the electrical appliance city as soon as possible. After two years when the business was stable, he would demolish and rebuild a building every one or two years.

At that time, the project will definitely be given to Mingda.

After all, he is also a major shareholder of Mingda.

Only then did Ye Xiaoli feel relieved.
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When Xue Jinglan received the property ownership certificate from Chu Xiangqian at home, which she considered as keeping for her own son, the smile on her face was so bright.

Chu Jingrong, who was doing somersaults on the bed, was hugged and kissed several times. Unfortunately, when the house deed was placed in front of the little guy, it was not as attractive as the sapphire necklace on his mother's neck.

Xue Jinglan hurriedly grabbed Chu Jingrong's little hand to prevent another necklace from being torn by this little thing.

Then he called Sister Tao and handed the little guy to her, and he used all his skills to play a good game of poker with Chu Xiangqian as a reward.

Unfortunately, even though Xue Jinglan was in high spirits and her card skills were better than usual, she still lost miserably.

Although my body was tired, my spirit was very excited.

She lay in Chu Xiangqian's arms and muttered to herself non-stop.

After hearing Chu Xiangqian say that no matter how many electrical appliance stores the mall opened, the mall property management would continue to write her baby son's name on them, Xue Jinglan excitedly hugged Chu Xiangqian and burst into tears.

Chu Xiangqian was immediately confused by his wife, and after comforting her for a long time, he finally understood.

As a husband, he did have too many women. Even though he had set up a fund and deposited tens of millions of yuan in the names of Xue Jinglan and Chu Jingrong, Xue Jinglan couldn't help but feel worried.

After hugging his wife and comforting her for a long time, he finally calmed Xue Jinglan down.

However, when Xue Jinglan fell asleep, Chu Xiangqian couldn't help but start thinking, if the eldest daughter-in-law thought so, then Gangsheng, Feifei, Linda, Elisa, Jinzhi, Jinxiu and the others must be more worried.

But Chu Xiangqian was actually overthinking it.

The concubine system has always existed in Hong Kong Island, and Gangsheng and Feifei don’t think there is anything wrong with being a concubine.

India also has a polygamous system, and Linda and Alyssa have similar ideas.

As for Margaret, she already has quite a few assets under the name of the M&S Foundation.

Even the champion knight is in her manor, so Margaret is the one who is least worried about being dumped.

Now that girl is pregnant, I just want to go to London to accompany her more often.

Zheng Shufen, Qin Huairu and Lou Xiao'e have all been married, and the first two have children, so their expectations are lower and their demands are naturally lower.

Jinzhi and Jinxiu lived in a courtyard house with two entrances and exits bought by Chu Xiangqian. They spent the money given by Chu Xiangqian and had no worries about food and drink. They treated it as if Chu Xiangqian was on a business trip to make money.

Maria Tucker at the Los Angeles ranch only treated Chu Xiangqian as a partner to satisfy her physical needs.

My mind is basically focused on politics.

Chu Xiangqian had the least restrictions on her, and she hadn't been to the ranch in Los Angeles for almost a year. It would be too much to ask her to remain a virgin.

Of course, Chu Xiangqian thought so, but he would never allow Maria to cheat on him.

Even if this woman meets true love, she has to tell him to herself first.

After breaking up, Chu Xiangqian no longer cared about the other party pursuing his own love.

However, if Maria had a boyfriend and asked him to play poker with her, Chu Xiangqian would not refuse.

Anyway, Nata is an example. After getting engaged, you can still have fun however you want.

(End of this chapter)