Chapter 416 New business plan, entering the rental market



The three-month deadline is about to arrive, and this juncture is the critical moment, so Lin Feng must stay at the Changtai Group headquarters.

After arriving at Changtai Group, Lin Feng immediately convened a meeting of senior leaders.

"Director Lin, we currently have enough funds on hand to cope with the short-term crisis. Once the three-month deadline is up, we will immediately start repaying the relevant debts to the bank and trust institutions!"

The Chief Financial Officer is the first to report on his work.

As soon as she said this, everyone at the scene breathed a sigh of relief. After all, in the past three months, everyone present had tried their best.

The purpose is not to revive Changtai Group, but to prevent Lin Feng from holding them accountable.

After all, Lin Feng has evidence of crimes committed by senior leaders headed by Zhong Youcai.

So Lin Feng can be said to have them under his control completely.

At this time, Zhong Youcai suddenly stood up, stretched out his hands and shouted loudly: "Under the leadership of Director Lin, we have achieved today's achievements. Please allow me to propose that we use the warmest applause to express our highest respect to Director Lin!"

His proposal immediately resonated with the audience, and the whole audience stood up and applauded.

For a moment, the entire conference room was filled with thunderous applause.

"Okay, this is all thanks to everyone. Now that the company's current crisis has been resolved, I will now lay out the next phase of the battle plan.

First of all, starting today, I will not allow anyone to purchase any residential land across the country in the name of the company.

In other words, our Changtai Group will not develop real estate business in the future."

As soon as Lin Feng said this, there was an uproar at the scene.

Although Lin Feng had mentioned this to everyone before, it was just at that time when Changtai Group was in deep trouble and had a large number of real estate projects that could not be sold, so everyone thought it was nothing when Lin Feng said this.

However, over this period of time, through the efforts of all parties, a lot of the group's inventory of real estate projects have been sold. If some land and projects are not reserved, Changtai Group will soon face a situation where there are no properties to sell.

Zhong Youcai was a little puzzled and asked: "Director Lin, although our Changtai Group has Changtai Automobile as a new development direction, it is impossible for Changtai Group to only serve Changtai Automobile, right?"

"Changtai Group and Changtai Automobile will be separated. Changtai Automobile will become an independent entity in the future, and Changtai Group will of course have its own main business.

What we are going to do next is to establish leasing and cultural tourism construction business!"

"Leasing and cultural tourism construction? Director Lin, what do you mean?"

“Yida Group has currently carried out large-scale layout in major cities across the country.

For example, there are three Yida Plazas in our western Beijing city.

The total initial investment in these three Yida Plazas was 6 billion yuan, but after their completion, their annual profits reached 1.5 billion yuan, and this figure continues to rise.

Therefore, what we need to do in the future is to fully enter the rental market and compete with Yida Group for the world!"

Lin Feng stated seriously.

He was well aware that real estate was already a sunset industry in China, and the country had always stressed that houses were for living in, which meant that real estate prices could no longer skyrocket.

However, land and construction costs remain high. Under such circumstances, the cost of building real estate projects will increase greatly.

Once the investment fails, the disaster will be huge.

So Lin Feng had already had a new plan, which was to invest in the construction of commercial plazas, office buildings and cultural tourism industries.

The purpose is to build an industrial chain with long-term sustainable development.

Zhong Youcai once again raised his concerns: "Director Lin, this requires great courage. We have just had a chance to catch our breath. If we suddenly change, I'm worried that it will lead to a complete collapse of the situation."

Currently, Changtai Group is still in the debt repayment stage. Although the short-term debt has been resolved, there are still nearly 2 trillion yuan of debt that need to be repaid in the next few years.

You can imagine how great the pressure is.

However, if a large amount of money is now spent on the construction of commercial plazas, office buildings, etc. across the country, the group's debt will soar rapidly in the short term.

By then, let alone a debt of 2 trillion, there is a high possibility that it will be 3 trillion.

"Yes, Director Lin, we should be more cautious about this matter, right?"

"Director Lin, I think we are alive now, which means the real estate model has not failed. As long as we focus on development in the future, we will definitely be the only one in the market, especially now that Yida has given up the real estate project!"

The surrounding executives also began to persuade them.

But Lin Feng waved his hand; "You are short-sighted. The future development trend of China will definitely not lie in real estate projects.

Although giving up residential real estate projects all at once will bring pain for a long period of time, from a long-term perspective, the benefits will definitely outweigh the disadvantages.

So I have made up my mind, so please stop nagging me!"

Lin Feng is the chairman of the board and he has the final say in everything in the company. Besides, no one dared to offend Lin Feng rashly, so although everyone was surprised, they did not express any objections.

"Okay, this matter has been settled. Next, Mr. Zhong, you will be responsible for implementing the division of labor for the new industry project. While ensuring the continued sales of our existing properties, develop new investment projects. Do you understand?"

Zhong Youcai nodded and said, "After the meeting, I will convene the heads of various departments to hold another seminar and try to sort out a plan as soon as possible."

"Okay, now comes the second thing. From now on, Changtai Automobile will be separated from Changtai Group and become an independent entity."

Changtai Automobile itself is a new project launched by Changtai Group in recent years. However, in the eyes of outsiders, this project is just a scam to deceive the government for subsidies, so it has been in a half-dead state.

In addition, Changtai Automobile is heavily in debt. If the debt of tens of billions of yuan is separated out, it will only benefit Changtai Group and not harm it.

So everyone agreed with Lin Feng's resolution.

"Director Lin, that Changtai car should have been thrown away long ago. New energy vehicles are not easy to make these days!"

"Yeah, why don't we just pack them up and sell them at a low price? Maybe we can even get tens of billions of funds back!"


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