Qi Weihai, who was drunk, still used his money ability.
He directly bought Green Harbor Decoration and fired all the receptionists who blocked him from entering.
Qi Weihai pulled Lin Feihe and walked in swaggeringly.
The staff in the store had seen the excitement and knew that the drunk man was the new owner.
Lin Feihe asked doubtfully: "You shouldn't acquire a company so quickly, right?"
Qi Weihai said nonchalantly: "As long as the money is enough, the speed will be fast enough. I'm offering a price 20% higher than the market price, and I'm also offering 3% of my shares in Hengzhu Real Estate as a replacement. The other party won't be reluctant to agree to it."
Lin Feihe sobered up instantly.
He looked at Qi Weihai as if he was a fool.
"Are you stupid? You spent so much money just to acquire a decoration company?"
Qi Weihai waved his hands: "No, no, no, no, we are going to form a team, so we can just recruit people from this company."
Lin Feihe was speechless.
Who did you learn this trick of robbing Peter to pay Paul?
So, you spent so much money just to build a team for Positive Energy Renovation Co., Ltd.
But, you are also spending your own money to acquire Green Harbor Decoration, right?
Then he used his own money to subsidize the Positive Energy Renovation and Decoration Co., Ltd. that cooperated with Fang Yuan.
Did your head get hit by the door, or did Ren Fangyuan put a curse on you?
We spend so much money just to help others.
Lin Feihe felt that Qi Weihai was drunk.
"Old Qi, you are drunk. The acquisition is not a loss, and decoration is also a large market. But you want to transfer the employees here to Positive Energy Renovation and Decoration Co., Ltd., I think it is a bit impulsive."
“Don’t be impulsive!”
Qi Weihai waved his hand and said, "Old Lin, you don't know. This is also the revelation given to me by Director Fang. Otherwise, I would still be in the dark."
As he said this, Qi Weihai gave Lin Fei a look that said "too young and too simoleonic".
"You don't understand. My current horizontal axis real estate is already a negative asset. In the future, the policy will not allow new houses to be built. My group will be dead. I acquired Green Harbor Decoration to try to find a way out. Even if the house is not built, people still need to change houses and still need decoration. This acquisition is not a loss."
Lin Fei looked at Qi Weihai with surprise, feeling "Is this still the Qi Weihai I know?"
"Your attitude towards the real estate industry is too negative. Shanghai is not like any other place. It attracts a steady stream of people from all over the country and even the world. In a place like this, why don't you build new houses?"
"Shh!"
Qi Weihai made a gesture to Lin Feihe to keep quiet, and then pulled Lin Feihe to an empty corner.
Qi Weihai looked around and saw that there were not many people around, so he lowered his voice and said to Lin Feihe: "As for me, I attended a drinking party some time ago. There were people from real estate and banks at the party. They revealed a piece of news that the authorities have begun to tighten real estate loans. Now many leading real estate companies have no money to build houses. If this continues, I'm afraid those leading companies will go bankrupt. It's not that they don't want to build new houses, but that few companies have the money to build new houses. In the future, it won't take long, probably just a few years, before only the buying and selling of existing houses will be allowed."
Lin Feihe widened his eyes. Although he was not in the real estate business, he had heard about the inside story of the real estate industry from many of his friends.
Generally speaking, real estate companies do not invest much of their own money.
The bulk of the money was borrowed from the bank.
When you borrow money, you naturally need to pay interest.
The cash flow of real estate companies is very tight, so there is the idea of selling pre-sale properties.
The shortest is one or two years, and the longest is four to five years.
Homebuyers pay with real money to buy a house. This cash flows from banks into the pockets of real estate companies through mortgages and becomes their cash flow.
Part of it is used to repay the loan and interest, and the other part is used for financial investment.
Make some money from the time difference in building the house.
If the buying and selling of pre-sale properties is prohibited, a large number of real estate companies will go bankrupt.
Because they don't have that much cash flow.
Even the leading real estate companies do not have sufficient cash flow because their businesses are too large.
Once banks stop providing loans, these leading companies may all die.
"Is this true? I heard that Hengtai is planning to start making cars."
Qi Weihai sneered repeatedly: "Haha, why does Hengtai build cars? They want to raise funds through building cars to make up for the current accounts. Let me tell you, the first company whose loan was stopped by the bank was Hengtai. If they hadn't built the car, I guess Hengtai would have died. He should be the chicken in the killing of the chicken to scare the monkey."
Lin Feihe looked at Qi Weihai in disbelief. The inside story he heard today was enough to shock him for months.
Hengtai, the real estate tycoon that is now being touted in the media, is about to die.
Who would dare to believe this if I say it out loud?
But judging from Qi Weihai's serious expression, he was not joking.
Moreover, Qi Weihai invested real money to enter the decoration industry.
"But you can do the decoration by yourself. You have acquired Green Harbor Decoration, are you afraid that it is not enough?" Lin Feihe asked.
Qi Weihai shook his head: "You don't understand. Don't put all your eggs in one basket. I'm in real estate and I know a lot about the decoration industry. If we really follow the national standards, I'm afraid that decoration companies won't make much money. You probably know more about this than I do. The market is too chaotic. But if we help the elderly, the poor and the bottom of society to renovate houses of good quality through charity without making money, then what are we? We will be a model. Being put on a show by the higher-ups is a small matter. We will be able to eat the government's food in the future. That's why I want to transfer people from Green Harbor Decoration."
Lin Feihe digested it for a while, and then found that the market might really be as Qi Weihai said.
However, Qi Weihai was a brave man who was willing to take on the responsibility and resolutely devoted himself to a new industry.
"I understand, Lao Qi. Don't worry, I will roll up my sleeves and work hard with you. But..."
Lin Feihe raised his question again.
"How should you choose?"
Green Harbor Decoration has hundreds of employees. How can we select suitable talents from them?
Qi Weihai smiled mysteriously: "Just pack up all those with poor performance and send them to Positive Energy Renovation and Decoration Co., Ltd."
"What?" Lin Feihe almost dropped his jaw in shock.
"These companies with poor performance mostly don't want to deceive customers. This group of people is very suitable for our second-hand house renovation project," said Qi Weihai.
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