Zhao Sihai understood perfectly what the middle-aged man meant.
Tianjin will host a spring housing fair in May, a time for Tianjin to showcase its image to the outside world.
At a time like this, there's no room for any negative news to emerge.
The Tianjin real estate industry can no longer tolerate these few bad apples.
These bosses were really unlucky; they were swindled out of 800 million yuan and have nowhere to seek justice.
The culprits, Jia Lindao and Wang Baiwan, have been confirmed as financial fraudsters and will not be released until they have served their entire sentences in jail.
From a moral standpoint, they are indeed victims.
Logically speaking, however, Jia Lindao wasn't really defrauding them.
At most, they made financial investments behind their backs, and those investments failed.
Jia Lindao admitted to taking responsibility for the matter, but what's the use? He has no money to pay compensation anyway.
They lost money, and Jia Lindao lost the company and time; that was the only way things could be.
The only good news is that, through the efforts of many parties, the city government helped them recover 100 million yuan.
The bad news that followed was that the 100 million was divided up among several banks, and they used it to repay part of their loans.
Leaving aside the other bosses, Zhao Sihai currently has 300 million in loans and 100 million in raised funds.
In particular, this 100 million yuan fundraising involved hundreds of people.
These people are now itching to go to the city government to report the problem.
If this isn't resolved, it will inevitably affect the housing fair in May.
The other bosses also faced similar problems, only on a smaller scale than Zhao Sihai.
With the guidance of an expert, Zhao Sihai also saw the current situation clearly.
If he cashes out his assets sooner, he can resolve the problem and have another way out.
Otherwise, if things escalate, the city government might have to deal with him.
Having thought everything through, Zhao Sihai was discharged from the hospital and returned to Tianjin.
What's meant to come has come, so when it's time to leave, there's no time to hesitate.
Zhao Sihai ignored all bank mortgage loans, waiting for the forced repossession of the mortgaged properties.
What he needs to resolve is the 100 million yuan in fundraising.
As for whether he has 100 million in his hands right now, yes, he does.
But that's his confidence, and he would never reveal it.
Since he was leaving Tianjin, he had no choice but to sell off his assets.
Once he made his move, the other bosses couldn't sit still and began to follow suit.
Suddenly, the sounds of assets being sold off were everywhere in Tianjin, which was quite alarming.
Fu Rui Lou.
Erpi, Wang Hu, Wang Bing, and Su Wu sat in a private room, drinking and chatting animatedly.
Erpi's face was flushed from drinking, and he was in high spirits.
Su Wu was never a stingy person. This time, after crippling Zhao Sihai, he also received a considerable amount of money.
"Xiao Wu, do you know that Zhao Sihai and his gang of scoundrels are selling off their assets everywhere? It looks like they're not planning to stay in Tianjin anymore."
"I've been busy with the electronics company these past few days, so I really don't know."
"Hey, let me tell you, these bastards are selling like crazy right now, they'll sell to anyone who pays!"
Erpi was so excited that he danced around as if some great opportunity was waiting for him.
Su Wu knew that he was exaggerating, and that this was not how one cashed out.
He smiled and shook his head, not particularly concerned about the matter.
All the equipment at the chip factory is now in place, the production line has been assembled, and it is currently in the debugging phase.
He was about to achieve one of his key strategic goals, and he had no interest in anything else.
Seeing that he didn't seem to care, Erpi became a little anxious.
"Brother, this is a once-in-a-lifetime opportunity. For example, their engineering equipment and machinery are being sold at rock-bottom prices right now, while your real estate company has nothing."
"As long as you have money, that's all that matters. I was originally planning to outsource the project anyway, so why bother building my own team?"
"Holy crap, you're outsourcing municipal projects too? That's just... inappropriate!"
Erpi was somewhat annoyed by Su Wu's indifference.
Isn't this blatantly setting up a shell company?
They're a big company now, why are they still doing this?
Was Su Wu's ambitious large-scale project planning just a joke?
He grumbled inwardly, while Su Wu also came to his senses.
During this period, he focused all his energy on the chip factory and completely forgot about the municipal engineering project.
A project worth 300 million is no small matter. If he dares to outsource it, there might be problems.
He could only smile wryly and say, "Then let's buy it. Let Wang Hu and the others handle this. Get as much equipment as the real estate company needs."
Seeing that he had finally become serious, Erpi finally breathed a sigh of relief.
He laughed and said, "I've got some money in my hands now, and I'm planning to take advantage of this opportunity to snag some bargains and spend tens of millions."
"Then you should buy more shops or shopping malls. If there are large shopping malls or complexes, you can give priority to them."
When Erpi wanted to buy property, Su Wu naturally had to give him some advice.
If you can get these properties now at a lower price, they will definitely appreciate in value year by year, making a sure profit.
After they finished talking, Wang Hu finally got a chance to speak.
"Brother Wu, there are some things I need to report to you about the real estate company."
"Go ahead and tell me what's going on. We'll take care of it all today since we have time."
"Our 300 million yuan municipal project has been basically finalized, and the 300 million yuan project funds will be given to us in the form of land."
"Isn't this a good thing? What's the problem?"
“Now that real estate developers like Zhao Sihai have run into trouble, they have mortgaged a lot of properties to banks, and the municipal government hopes that we can take over some of them.”
"What? How can this be? We haven't sold the land yet! We won't agree!"
Su Wu was somewhat displeased after hearing Wang Hu's words.
He genuinely didn't want to get involved in this mess.
Seeing that he was getting angry, Erpi immediately smoothed things over.
"Don't get excited. These properties are being sold off at rock-bottom prices right now, practically at 20% off. You know the Sihai Hotel, right? It took out a loan of 100 million, and now it's only selling for 80 million."
"Hmph, isn't that just a fool? That hotel cost no more than 50 million to build."
“They also include decoration and supporting facilities; you can’t just calculate the cost of building the house.”
"With that kind of time, wouldn't it be better to build my own? Selling a secondhand one and renovating it myself is free!"
Su Wu wasn't stupid, nor was he as ignorant as Erpi and the others; he knew the trickery involved.
The loans taken out by Zhao Sihai and his group were definitely inflated.
It's absolutely impossible to make him a sucker now.
Seeing Wang Hu's somewhat troubled expression, Su Wu knew that this was probably a strict requirement from the municipal government.
It seems that the city government already knows how much land it will give him.
Su Wu estimated that it might not exceed 150 million.
Now that Zhao Sihai and the others have run into trouble, it's a good opportunity for him to come and save the day.
Thinking about this, Su Wu felt a pang of heartache; he was truly short of money right now.
"Sigh, Wang Hu, go and negotiate. Make our stance clear: the land area must be no less than 500 mu, and the purchase price of the buildings must not exceed 20% of the construction cost. If we can negotiate, then we will; if not, we will abandon all projects."
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