Chapter 360 Acquisition of Longyu Real Estate (1)



Nie Zhan bought a lot of big red lanterns. After wrapping the dumplings, he and Gu Haifan hung up the lanterns.

Gu Xiuxiu said lovingly, "Jia Xin, Nie Zhan is a good man, you have to grasp him well."

Lu Jiaxin playfully said that she was also very good: "Aunt, you said it the other way around. You should ask him to cherish me, after all, he is much older than me."

Gu Xiuxiu laughed: "It's better for men to be older than women, because they know how to care for others. The master loved me very much back then, and I have lived a good life for so many years."

Lu Jiaxin smiled and changed the subject.

After dinner, Nie Zhan and Gu Haifan lit up all the lanterns, and then left with Lu Jiaxin. They stayed at Gu's house all day, and they had time to spend alone together.

The two of them went to Central Street, where there were lanterns and decorations everywhere because it was the Lantern Festival, and it was very lively. The two of them walked around and chatted until around eleven o'clock before they separated and went back to their respective homes.

School started, and Lu Jiaxin became busy again. However, she had already finished her courses for this semester, so it was much easier than last year.

When He Bin returned to the apartment after school on Wednesday, as soon as he saw her, he reported to Lu Jiaxin what he had learned about Long Yu.

Longyu Real Estate has higher profits than other real estate companies because it has a high proportion of office buildings and high-end apartments, while its proportion of shops and residential buildings is relatively low. With the reform and opening up of the mainland, many foreign companies have entered Hong Kong, not only has the vacancy rate of office buildings decreased, but the rent has also increased, and high-end apartments are also in short supply.

Lu Jiaxin read the information of the four real estate companies that He Bin had given her before, and read it very carefully, but it was far inferior to Longyu.

He Bin said, "Boss, the real estate business is booming again. Longyu's high-quality assets will definitely appreciate in value. If you want to successfully acquire them, you will probably have to pay a premium."

This was within Lu Jiaxin's expectations. She nodded and said, "I'll think about it."

She turned around and called Su Heyuan to tell him about it: "I've learned about Longyu Company. It's very good. I want to acquire it. Brother Su, please ask your friend for me how much the boss of that company is willing to pay?"

Su Heyuan agreed with a smile, and then talked about the Greencoin/Japanese Yen exchange rate: "Jia Xin, it has fallen a lot again, I am going to close my position."

Lu Jiaxin smiled and said, "You can close your position now. But according to my guess, the exchange rate is unlikely to rise this year. If you want to make some pocket money, you can continue to buy."

“Will the Japanese Yen Continue to Appreciate?”

Hearing his surprised tone, Lu Jiaxin thought to herself that it was because she knew the trend of the Japanese yen in her previous life, otherwise it would be hard to believe: "This is just my speculation. The specific situation depends on the market."

"Did you buy it?"

Now, there is no need to hide this. Lu Jiaxin said: "I bought it, with a leverage of 10 times. I think it will fall further, and I plan to close the position after some time."

Su Heyuan was envious: "Then you made more than three times the money? How much was your capital? When did you buy it?"

Lu Jiaxin said vaguely: "30 million green coins, bought in October."

The capital is 30 million, and the exchange rate has fallen by more than 20% since October. With a leverage of 10 times, that means a profit of more than 60 million green coins.

Just thinking about what Lu Jiaxin had done during this period, he suddenly felt something was wrong: "Your money is all in the foreign exchange account, where did you get so much money to buy a villa and acquire a company?"

Su Heyuan frowned and said, "Longyu Real Estate's property is worth 130 million, minus the debt. The net assets are about 80 million or more. Your down payment is 30%, which is equivalent to a loan of more than 50 million. If you don't have a company and collateral, the bank will not lend you that much money."

Lu Jiaxin added: "Longyu Real Estate cannot be acquired for 80 million. It is estimated that it will cost 10% to 20% more. However, even if it is 20% more, it is worth it."

"If the bank doesn't lend you money, you won't be able to take over this company, unless you go to Wansheng Bank. But the Nie family already dislikes you because you are from the mainland. If they ask you to borrow money from Wansheng Bank, they will be even more prejudiced against you if you really borrow money."

Lu Jiaxin said that she would not go to Wansheng Bank for a loan: "Don't worry about me about the loan. I can handle it."

Not to mention that she still has a large sum of money in the foreign exchange market, as long as there are more than 10 million green coins in her account, HSBC will lend her money. She also knows that the real estate market has improved, so she plans to acquire a real estate company and then purchase a large number of high-quality properties.

Seeing her firm tone, Su Heyuan knew that she still had money: "Okay, I'll call him now and ask him to have dinner with me tonight."

At 11 o'clock in the evening, Su Heyuan called Lu Jiaxin. The call was quickly connected, but it was not Lu Jiaxin who answered the phone.

Gu Wenfeng said, "Boss Su, my boss went to bed half an hour ago. Tell me if you have anything to say, and I will tell her tomorrow morning."

She's asleep, and I wouldn't wake her up unless it's extremely urgent.

Su Heyuan also trusted him and said, "Tell Jiaxin that Longyu Real Estate's net assets are about 76 million, and the boss is asking for 100 million. Tell her when she wakes up tomorrow."

"OK."

When Lu Jiaxin woke up the next morning and found out about this, she called Su Heyuan back. When she heard the other party's unclear words, she knew that he had just woken up: "Brother Su, this price is fine."

When Su Heyuan heard this, he said, "Don't worry, talk to Longyu Real Estate first, and it should be possible to lower the price by three to five million."

Lu Jiaxin smiled and said, "Brother Su, the real estate market is booming right now. The office and store prices have increased a lot compared to the same period last year. If the other party is willing to lower the price a little, that would be great. If the boss doesn't want to, that's fine too. I'll send someone to talk to the boss tomorrow. Once you're sure the other party wants to sell, you can go with me to sign the contract."

Only after the intention to acquire the contract is signed can she send lawyers and auditors to Longyu. The business of a real estate company is relatively simple, and the audit is also quick.

Su Heyuan said as soon as he heard it: "Send someone, I'll go talk to you. This business worth hundreds of millions is no joke. Don't worry, I'm still scared if you let someone else go!"

Lu Jiaxin was not worried that He Bin would cheat her. If he dared to cheat, she could go to court. A cautious person like He Bin would not do such a thing to ruin his future. But it was even better that Su Heyuan was willing to help her negotiate. After all, his friend was a relative of the boss, and with such a person talking, it might be cheaper.

"Brother Su, thank you for your help."

Su Heyuan smiled and said, "We are all family, why are you being so formal? You, just wait for my good news!"

"Then I'll wait."

(End of this chapter)


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