Su Wu's original idea was very simple: he just wanted to be a middleman, making a quick buck by selling land.
As a result, things became increasingly complicated and exceeded his expectations.
Of course, this can be considered as him reaping what he sowed.
If he hadn't gone after Zhao Sihai, things might not have been so troublesome.
But now that things have come to this, he has no choice but to bite the bullet and go for it.
He's now hoping to secure the land and property rights before arranging a loan to pay off the debts from the chip production line.
When dealing with international organizations like Yamaguchi-kudo, you can't do without credibility.
His future plans also include relying on organizations that are willing to sell anything.
Thanks to the efforts of many parties, the negative impact caused by bosses such as Zhao Sihai has subsided before it fully unfolded.
The biggest losers among them are undoubtedly these bosses.
They rose to prominence through speculation, and they also fell from grace through speculation; it can be considered a cycle of fate.
With Zhao Sihai and other bosses leaving in disgrace, the farce came to an end.
As May approached, a large-scale land auction finally took place in Tianjin.
The auction of thousands of acres of land attracted bigwigs from all sides, making it a grand event.
Su Wu stood in the hall, looking at the huge crowd, and felt a mix of emotions.
These people were all dressed smartly, and they looked like successful people and business elites.
The land auction also exceeded Su Wu's expectations, with prices soaring to an average of 500,000.
This wouldn't have been anything special a few years ago.
Back then, an acre of land could easily cost millions of yuan.
However, the average price of real estate in Tianjin is still less than 3,000 yuan, and a land price of 500,000 yuan is already very high.
This price gave Su Wu a headache.
That would cost 50 million for 100 acres of land, which he can't afford.
He was hoping to get more land in return, but by this calculation, he won't get much land at all.
Seeing this, Su Wu immediately lost interest.
It seems his plan to acquire land, start construction, and raise funds is about to fail.
Three days later, the auction ended as scheduled.
History hasn't changed much; most of the land has been acquired by those big brand companies.
As there was a prior agreement, Ruyang Real Estate did not participate in the bidding.
They are now waiting for the city government to match the land as agreed.
The Modern City project developed by Su Wu is extremely attractive and has long been a key project of concern for the municipal government.
Without his knowledge, after a heated discussion meeting, it was decided that Ruyang Real Estate would be allocated 700 acres of land for the construction of a large-scale project.
When Wang Hu told him the news, Su Wu was completely stunned.
"700 mu? At an average price of 500,000, that's 350 million?"
"Brother Wu, the higher-ups gave us a discount, so it's 300 million for us."
"So, you mean our 300 million yuan municipal project was exchanged for 700 mu of land?"
"It's not that simple. We also undertook the acquisition of 100 million yuan worth of real estate. For example, the Sihai Hotel was priced at 60 million yuan."
"What the hell? So that means we're still 100 million short of them?"
"Yes, Brother Wu."
As Wang Hu explained, he took the documents out, making Su Wu's eyelids twitch.
He always had a feeling that he had been fooled, as if he had fallen into a trap.
After all that trouble, he didn't make a single penny and even had to pay out of his own pocket of 100 million.
Su Wu slapped his forehead, looking at the documents in his hand, feeling quite melancholy.
Is there any room for maneuver? Can't we take less?
"I'm afraid not. The land above is all matched according to your thousand-acre plan, and the land in the North District happens to be connected with your 300-acre plot."
"Can't we just not do it?"
"It probably won't work. It's already been presented at the meeting, and I heard that our Modern City project is a key project to be showcased at the housing fair."
"I really am..."
Hearing Wang Hu's explanation, Su Wu felt a headache coming on.
He hasn't even made any money yet, and he's already going to spend another 100 million. Who can stand that?
If it weren't for the money he got from Zhao Sihai, he would have wanted to die on the spot.
You should know that loans aren't easy to get; it might take six months to get one.
Su Wu pondered for a moment, then asked, somewhat unwilling to give up, "Did they mention anything about a loan?"
"I did. They said they'd help us coordinate and get it done once the entire project is underway."
"In other words, we need to advance the funds to start construction. Are you sure you can handle that?"
"We estimate that we will need to invest at least 100 million yuan in the early stages."
"Well done!"
Upon hearing this, Su Wu looked up to the sky and sighed, feeling that this pit was huge, very huge.
Based on this calculation, Ruyang Beverage's loan balance is now only around 400 million.
The chip factory will start production soon, which will probably require a lot of capital.
So, all he has at his disposal is a little over 300 million.
There's no point in repaying the debt now; we can only keep owing it.
But it's too late for him now.
His only hope now is that once the chip factory goes into production, it will experience a major boom like Ruyang Beverage.
He doesn't ask for much; he'd be satisfied if he could earn 100 million a month.
In that case, considering all factors, there's still hope that he can repay the money by the end of the year.
"Well then, let's proceed according to plan. You should discuss the project with Zheng Daren and the others."
He waved his hand weakly; all Su Wu wanted to do at that moment was to be alone.
With the arrival of May, Tianjin's grand Spring Housing Fair was held as scheduled.
This is undoubtedly a grand event.
The most eye-catching projects at this grand event were undoubtedly the two large-scale developments, Sun City and Modern City.
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