Wansheng Real Estate acquired land worth more than 8 billion yuan in one go, and its investment department is still following up on two old buildings and three pieces of land.

Real estate companies need to pay a minimum down payment of 20% when buying land, and can obtain a bank loan for the rest. However, according to the financial report of Wansheng Real Estate (a listed company with transparent finances), this amount obviously exceeds their cash flow.

Hu's father was very puzzled and called Hu Zhifeng over to ask: "Before the stock market crash, Wansheng Real Estate used part of the funds it collected to repay its bank debts. With a cash flow of over 1 billion yuan in the account, how did they come up with so much money to buy land?"

Hu Zhifeng didn't know either, and said, "Two weeks ago, I talked about this with Nie Zhan while playing basketball. He said that there was not enough money in the account, otherwise he could take the opportunity to stock up more land."

But now Wansheng Real Estate is making such a big move, it doesn't look like they have no money. But he has known Nie Zhan for more than ten years, it is impossible for him to lie to him, and there is no need.

Seeing that he didn't know anything, Hu's father said, "Next month, there will be an auction for the land in Tsim Sha Tsui. Invite him to dinner and test his reaction to see if he wants to bid."

He also wanted to stockpile more land, but the stock market crash caused the company's stock price to fall a lot, and he was also preparing to buy back some of the shares. In addition, he had long been eyeing the land in Tsim Sha Tsui, and the company had to keep some liquid funds. It was impossible for him to stockpile as much land as Nie Zhan did. And it was too risky to do so. If the real estate market fluctuated greatly, the monthly interest would be a big problem.

"good."

Hu Zhifeng returned to his office and called Nie Zhan to make an appointment to play ball together on the weekend.

Nie Zhan smiled and said, "Do you have time tonight? I heard that Fulinmen has released a few new dishes. Feng Qinglei tried them and said they tasted very good. Let's go eat together tonight?"

Hu Zhifeng uttered an "eh" and asked, "Eat tonight? You don't have to accompany Miss Lu tonight?"

Since Nie Zhan started dating, it has become difficult to date him. It is also because his wife has a good relationship with Lu Jiaxin that they have arranged to get together, so the number of times they meet has increased.

Nie Zhan was a little surprised. He didn't know Jiaxin was not in Hong Kong. It seemed that Zong Shimeng hadn't contacted Jiaxin in recent days. He explained, "Jiaxin went back to the mainland for something and will be back in a few days."

Hu Zhifeng finally understood why he had time to come out: "My eldest son fell and broke his foot half a month ago, and my youngest son caught a cold and had a fever last week. Both children are well now, but your sister-in-law is sick again from exhaustion."

Nie Zhan said: "Jia Xin may have left in a hurry and forgot to tell her sister-in-law."

Hu Zhifeng laughed: "It may be that your sister-in-law was so busy that she forgot to tell me. Ah Zhan, do you want to call Tao Yong and Fu Ye?"

"I guess Tao Yong is not in the mood right now, so let's not call him. Fu Ye already has a fiancée, so let's not disturb him, lest his fiancée comes over again and he can't have a good meal." Nie Zhan said.

Lu Jiaxin didn't complain to him about the last incident, and Nie Zhan, a grown man, wouldn't care about it. But he didn't expect that one time when they were about to play tennis together, the woman came over and the two of them had a quarrel.

When the two of them were having dinner in the evening, Hu Zhifeng smiled and said that he had made such big moves recently: "Ah Zhan, you are still bold enough to take over so much land in one go. I also wanted to stockpile more land, but my dad said it was too risky and refused."

There was some depression in his words. He believed in Nie Zhan's judgment that the property market in Hong Kong would continue to be hot, and he should take advantage of this opportunity to acquire more land, but his father refused because the company did not have that much cash flow. In fact, it was not that the company did not have that much cash flow, but he did not want the company to have too high a debt ratio. For example, Nie Zhan's company had a maximum debt ratio of 68%, and after paying off part of it, it still had 45%, but their company's debt ratio has always been around 35%.

Thanks to Nie Zhan's bold and aggressive actions, Wansheng Real Estate's market value has more than doubled in two years, while their real estate company has only increased by 40% in more than two years. If this continues, the gap will widen.

The shares were in his hands, so the old man's objection was useless. The company still followed the development policy he set. However, seeing that Wansheng Real Estate was developing so well and that he was also involved in hotels, jewelry and clothing, the old man completely let it go. He did not ask about the share offering in September this year.

Hu Zhifeng smiled and said, "Let's not talk about this. Ah Zhan, the government is auctioning the land in Tsim Sha Tsui next month. Do you want to participate in the auction?"

Nie Zhan nodded and said, "Xinxin Real Estate will participate in the bidding, but Wansheng Real Estate will not."

It's not that I don't want to participate, but I don't have the money. Fortunately, Jiaxin has sufficient funds, and Xinxin Real Estate should be able to acquire this land.

Hu Zhifeng was stunned: "What did you say? Xinxin Real Estate participated in the bidding? Xinxin Real Estate is mainly engaged in leasing business, they do not have the ability to develop real estate."

Nie Zhan smiled and said, "Xinxin Real Estate acquired the land and then cooperated with Wansheng Real Estate to develop it."

Hu Zhifeng thought about what Nie Zhan said before, and he suddenly understood: "Ms. Lu told Shi Meng before that she made 79 million in the stock market. Is it more than that?"

Lu Jiaxin's wealth is all in several companies, and a cash flow of 100 million or 200 million is good enough. With such a large amount of money now, it is only possible to make a fortune in the stock market like Su Heyuan.

Nie Zhan naturally wouldn't ruin Jia Xin's plan: "She bought stocks to make this amount of money, but she used the stocks of several companies and Wansheng Real Estate as collateral for mortgage loans, and used the money to short the Hang Seng Index."

Hu Zhifeng is also a person who has seen the world, but he was still shocked when he heard the news: "Shorting the Hang Seng Index? That, that would be a huge profit."

“Yes, I made more than four times as much.”

Hu Zhifeng's mentality was a little unstable. It was more than four times. Even if the mortgage loan was 400 to 500 million, he would have made 2 billion. With such a large cash flow, it was no wonder that he could buy a lot of land.

Fortunately, he is also a third-generation rich man, and has experienced many ups and downs. Hu Zhifeng quickly calmed down and said with a smile: "Ah Zhan, you didn't tell me such a big thing?"

Nie Zhan said helplessly: "I strongly opposed her doing this, but she insisted on buying it without listening to me. There is nothing I can do."

"You don't agree?"

Nie Zhan said that he did not buy a penny: "I have prepared all the money. When her position is liquidated and she loses all her money, I will redeem the shares of Wansheng Real Estate."

Hu Zhifeng reacted: "So, He Yuan bought it along with Lu Jiaxin?"

Nie Zhan did not hide it from him and said, "Su Heyuan thinks Jiaxin has good fortune, so he buys everything with her. He also bought foreign exchange with her last time. But Jiaxin bought it based on my advice that time. This time she wanted to gamble on her own. Fortunately, she promised not to be so impulsive in the future."

(End of this chapter)