My 1999

After leaving the Future Science City, Xu Liang stopped by the Shougang construction site.

Compared to the last time he came here, this place has become a large construction site.

Hundreds of excavators and muck trucks are working, and the construction workers wearing dark blue work clothes and safety helmets make the chaotic construction site look well-organized.

"Mr. Xu, Shougang has completed the first phase of relocation, and our machines have entered the factory. The first phase of the project will be completed by the end of next year at the latest."

"What about the second phase?"

"It depends on the relocation progress of Shougang. If it is fast, we can start construction in the middle of next year, and we can complete the second phase by the end of 2010.

The third and fourth phases are expected to be completed in 2015." Song Feng said.

The entire "Universal Studios Beijing" project covers an area of ​​8.63 square kilometers. The project includes three parts: Universal Studios, Shougang Heritage Park, and Yongding River International Tourism Resort.

Universal Studios has two phases, Shougang Heritage Park and Yongding River International Tourism Resort have one phase each, a total of four phases.

The total investment of the project is 75 billion Chinese yuan.

Shougang invested in the site, accounting for 30% of the entire project; Global Tourism Group invested in funds, technology and management, accounting for 70%.

Therefore, after deducting the land transfer fee, Global's actual investment is about 50 billion Chinese yuan.

"The project construction period is very long, and communication and coordination in all aspects require a lot of time and energy, especially in terms of engineering quality. I would rather spend more money than have any problems." Xu Liang explained.

"Don't worry, I will definitely pay close attention to quality and never have any problems."

"I am confident in your character, but there are so many people below, be careful that they will fool you."

"Don't worry, Mr. Xu, I will personally monitor the procurement, and I will often come to take a look at the engineering side. In addition to the supervision of Hongyan, there will be basically no major problems with the two-pronged approach." Song Feng said.

Xu Liang nodded, because Taihua has many real estate projects.

Therefore, as his family office, Hongyan, in order to give full play to its supervisory function, in addition to financial audits, also involves engineering supervision.

"Universal Studios Shanghai has been open for half a year. How is the performance?"

Song Feng's expression was more excited, "Mr. Xu, it's very good, no, it should be said to be outstanding.

From January 1 this year to now, in half a year, Universal Studios Shanghai has welcomed a total of 6.2 million tourists and created a total revenue of 8.96 billion Chinese yuan.

Theme park tickets, theme gift shops, theme catering services, and theme hotels accounted for 43%, 14%, 25% and 19% of the total revenue respectively.

If this income can be maintained in the second half of the year.

Universal Studios Shanghai will become the first theme park in the world to achieve revenue balance in the first year of opening, and even maintain a small profit."

Nearly 90% of all theme parks in the world are operating at a loss.

Even half of Disney's five existing theme parks are losing money.

Universal Studios Osaka, a subsidiary of Universal Studios, has only been operating bleakly so far.

In comparison, Universal Studios Shanghai has achieved revenue balance and even maintained a small profit since its opening, which is indeed exciting news.

Xu Liang was happy and relieved.

He added a lot of local Chinese content to Universal Studios, such as "Kung Fu Panda", "Black Cat Sheriff", "Calabash Brothers", "Havoc in Heaven" and other classic animation IPs of Shanghai Art Studio.

At one time, it accounted for more than one-third of Shanghai Universal Studios.

Xu Liang was not sure whether this change was really popular.

Now it seems to be successful.

Xu Liang: "Now that Shanghai Universal Studios is a good model, it will be easier for us to expand to other cities."

"You are still far-sighted. When I contacted the governments of Guangzhou and Chengdu recently, they were obviously much more attentive."

"How is Singapore? Is there any progress?"

"There is some progress. They agreed to our request for land expansion, but did not agree to our plan to use the entire Santa Rosa Island to build Universal Studios."

After Xu Liang acquired it, Universal Studios turned its main focus to China, so the construction of Singapore Universal Studios was postponed compared to history.

And he didn't want to build Singapore Universal Studios as stereotyped as it was in history.

It was only 20 hectares, not even a fraction of the Hong Kong Disneyland.

So, as soon as he opened his mouth, he planned to take over the entire Santa Rosa.

As for the existing properties on Santa Rosa Island, he absorbed them all.

Turn these owners into shareholders of "Singapore Universal Studios".

Although he had a good idea and was very ambitious, the difficulty of this matter was too high.

Sentosa Island is an island in the south of Singapore.

It is located 500 meters south of the main island of Singapore. It is 4 kilometers long from east to west, 1.6 kilometers wide from north to south, and covers an area of ​​3.47 square kilometers. It is the third largest island outside the main island of Singapore.

During the colonial rule, it was a British naval base. It was formerly known as Juehou Island and was renamed in 1972.

It has now been developed into a well-equipped marine park.

The British fortress Siloso Battery at the west end of the island was built in 1880.

Ancient cannons from the 15th century are preserved here, with complex underground building walls and gun mounts, cannons, and mortars.

The Maritime Museum displays information on the history of Singapore Port and the development of navigation.

Sentosa is regarded as the shining pearl of Singapore's tourism and entertainment industry. It is a leisure destination integrating theme parks, tropical resorts, natural parks and cultural centers.

It is precisely this superior location that attracted Universal Studios to settle here.

"Mr. Xu, Singapore said that they can get us up to 70 hectares of land. If we want more, we can only negotiate with the owners of Serapong Golf Course and Amara Christmas Resort." ”

"Have you talked to them?"

"Not yet."

“Let’s get in touch first and see the other person’s attitude.

In short, there is no rush for Universal Pictures Singapore. "Xu Liang said.

With the subprime debt crisis and the global tourism industry slumping, it is the right time to buy these resort hotels when their business is bleak.

"Then here in China..."

Xu Liang thought for a moment, "What news is Disney doing in the country?"

"They contacted the Magic City very early, but we were able to take the lead before they prepared to contact the capital. But we were preempted by us again in the capital, and their expansion in China has stagnated. We have never heard of anyone. Urban Contact.”

At present, the cities with the best economy in China are Beijing and Shanghai.

As for the south, with Xiangjiang Disneyland, it is naturally impossible to develop Pengcheng or Yangcheng.

Xu Liang's first move undoubtedly hindered Disney's expansion in the capital and Shanghai.

Moreover, it is impossible for the two local governments to accept two huge theme parks at once. In the 1990s, the concentrated construction of theme parks caused huge waste in less than ten years.

There is no reason for the higher-ups not to be more cautious.

If Xu Liang hadn't been rich in capital, a member of China's own people, and had connections with the Jiang family, he wouldn't have been able to build two Universal Studios in Magic City and Beijing in succession.

Moreover, the reason why Beijing Universal Studios was able to be built was because it benefited from Shougang’s relocation.

If the superiors didn't want such a large Shougang Park to be reduced to industrial ruins, he wouldn't have won this project so easily.

"Don't let up on Disney, it's the only competitor that can pose a threat to us.

Don’t stop contacting Singapore, Yangcheng and Chengdu.

There could even be some substantive negotiations.

For example, site selection, land transfer, three connections and one leveling, transportation line construction, etc. "

Such a very large investment cannot be completed without a year or two of preliminary research.

After Song Feng nodded, "Mr. Xu, can Universal issue another convertible bond?"

"Are there not enough funds for the construction of Universal Studios in Beijing?"

Although the construction funds of "Beijing Universal Studios" are as high as 50 billion Chinese dollars after deducting the land transfer fee, the entire construction period is as long as 7 years.

The first phase will take two and a half years, with a construction capital of 12 billion Chinese dollars.

The Global Travel Group is only prepared to take about 10% of this money, and the rest will be settled through debt issuance.

At present, it has cooperated with Hanhua to issue the first US$500 million, ten-year, interest rate of 7.5%, "Beijing Universal Studios" corporate bonds globally.

In the context of China's rapid economic development, sales are pretty good.

In particular, the good news that the Magic City Universal Studios achieved a balanced revenue after its opening added a boost to the bond issuance.

With this money, ‘Beijing Universal Studios’ will not be short of funds within a year.

“It’s not Universal Studios Beijing, it’s several other projects of ours.

‘Huangguoshu Tourism Resort Phase III’, Phuket International Tourism Village in Thailand, Longhu Mountain Scenic Area Phase II, and Huizhou West Lake Phase II.

The total investment in the four projects is 1.7 billion Chinese dollars, mainly including the development of scenic spots and the construction of resort hotels. "

Check out the 16-9 book bar and see the correct version!

Xu Liang nodded.

"'Huangguoshu' is in its third phase of development?"

Song Feng responded.

In 1992, Huangguoshu Scenic Area declared a "World Natural Heritage" to UNESCO.

However, due to the overpopulation of residents in Banbian Street, the numerous restaurants and hotels, and the excessive human traces, which destroyed the natural and harmonious beauty of the original green mountains and green waters, the application for UNESCO World Heritage failed.

Your province is naturally unwilling to do so.

Over the years, there has been an intention to rectify the messy situation in the scenic spot.

But this requires significant capital investment.

It is obviously unrealistic to rely solely on the government to solve the problem.

Deron came closer in this situation.

The two parties also immediately finalized a cooperation plan.

Huangguoshu Scenic Area invested tourism resources, and Delong invested 500 million Chinese dollars, and both parties jointly established the "Huangguoshu Scenic Tourism Area Development Company".

Delong holds 49% of the shares and is responsible for the development and management of the scenic spot; Guizhou holds 51% and is responsible for supervision.

In 2003, Guizhou Province launched the detailed planning of six major Huangguoshu scenic spots.

The project is divided into three phases.

The first phase mainly develops Huangguoshu Waterfall Scenic Area and Tianxing Bridge Scenic Area.

In the second phase, Doupotang Scenic Area and Dishuitan Scenic Area will be developed.

In the third phase, Shitou Zhai Scenic Area and Shenlong Cave Scenic Area will be developed.

It should be said that your province had good ideas, but they picked a bad persimmon.

At the beginning, Delong still acted in accordance with the contract, but soon his finances fell into crisis. Before a Huangguoshu Waterfall scenic spot was completed, funds were cut off.

There was a lot of quarreling between the two sides over this matter.

It was not until Delongbi Xu's acquisition that sufficient funds were available that the entire development project could continue.

However, Xu Liang obviously disdains Delong's frugal development plan.

With a big wave of his hand, the investment in the entire development plan tripled directly.

The extra money is mainly used to build two star-rated resort hotels with a total of more than 1,000 rooms, and to build a cable car that runs through the entire scenic area.

And to build a top sanatorium with various entertainment facilities.

With more money invested, the equity of both parties will naturally change.

But the province does not want to lose control of the scenic area, and finally the two sides compromise.

The equity remains unchanged, but the two hotels and the sanatorium all belong to the Global Tourism Group.

"How much debt do you plan to issue?" Xu Liang asked.

"1 billion US dollars."

Song Feng said carefully.

Xu Liang shook his head.

Seeing this, Song Feng's heart sank to the bottom.

"1 billion US dollars is too petty, just issue 5 billion US dollars."

"Teng", Song Feng only felt a hot and scalding air rushing straight to the top of his head.

The ups and downs of emotions made him a little excited.

"Mr. Xu, really...really?"

"Do I need to lie to you?"

"Mr. Xu, I don't mean that. But it's too much!"

It's really too much.

In order to build the 'Universal Studios in Shanghai', Universal only issued $2 billion in corporate bonds, plus the $1 billion from the 'Universal Studios in Beijing', it's only $3 billion.

Of course, in order to develop major scenic spots, Universal Tourism Group also borrowed about 8 billion Chinese yuan from 'Standard Chartered Bank' and 'Guangfa Bank'.

But all these debts added up to only a little more than $4 billion.

Another $5 billion?

It doesn't take that much money.

Could it be?

Song Feng's heart moved, "Mr. Xu, is it to prepare for the three Universal Studios in Singapore, Guangzhou and Chengdu?"

"Your brain is quick.

But it's both yes and no."

Seeing Song Feng's hesitant look, Xu Liang didn't explain much.

"You can issue this 5 billion US dollars in the name of building 'Universal Studios Beijing'. After receiving the money, keep 1 billion US dollars to meet the development needs of the group, and transfer the rest to the group's financial account."

Song Feng's eyes showed a look of realization.

The financial account of Universal Travel Group was officially established in December last year, placed in Hong Kong, and managed by Hongyan.

In February this year, this account had an additional 3 billion US dollars, mainly CDS bonds for various loans such as US real estate subprime bonds, auto loans, and campus loans.

Song Feng didn't know much about this kind of bond.

At the beginning, the monthly insurance premium of more than 3 million US dollars was really painful.

Fortunately, it turned out to be profitable within three months?

100 million US dollars, 200 million US dollars, and now the profit of the financial account has reached nearly 800 million US dollars!

It made him overjoyed.

If the big boss hadn't allowed the withdrawal of funds from the financial account, he wouldn't have to issue any corporate bonds.

Now not only does he not withdraw the money he earned, but he also has to continue to invest in it.

It is obvious that the big boss is making another big move.

For a moment, he couldn't help but look forward to it.

Needless to say, the big boss's financial investment ability is one of the top few in the world.

If he adds this 5 billion US dollars, how much money can he make when everything is settled.

For a moment, Song Feng's heart became hot.