Huachu Future has secretly sold off many plots of land. Of course, all the actions were carried out in secret. At least in the eyes of the real estate developers in the South China Sea, Huachu Future will have more moves in the South China Sea next year.
Qin Weidong sold off several more plots of land, and Hua Chu Future has sold off almost all of the land it owns.
At this time, the price of housing in Hainan had risen to 7,500 yuan per square meter, and the price of land had also risen from over 100,000 yuan per square meter in 1988 to 6.5 million yuan per square meter. Even someone as wealthy as Chu Yu thought it was expensive, let alone others.
Land prices in Hainan are now beyond the reach of ordinary people. Chu Yu hears news of rising real estate prices in the South China Sea every day and finds it unbelievable. If he hadn't personally experienced that era, who would have thought that real estate prices in the South China Sea could rise to such high levels in the early 1990s?
Thirty years later, housing prices in many cities are not even as high as they were in the South China Sea in 1993.
Hua Chu had already made preparations for withdrawal. At this time, the money in Hua Chu's several accounts gradually flowed into the pockets of Chu Yu, Qin Weidong, Mi Fei, and Xin Yicheng.
The distribution was based on everyone's investment, so there was no conflict of interest. Xinyi City was brought in by Chu Yu, so logically, since it arrived late, it should have received less. However, Xinyi City had cash flow, and Chu Yu, Qin Weidong, and the other two couldn't support such a large operation after their money went into the South China Sea.
The most important thing is that they have money. No matter how capable you are, if you don't have enough money, it's all for naught!
After collecting all the money, Chu Yu also took stock of her assets.
Chu Yu now has assets of over 3 billion yuan, most of which comes from the South China Sea, with a small portion from Hualai Film and Television and Mandarin. This year, Xibao is showing signs of emerging, which has also earned Chu Yu a lot of money. In short, although the small businesses like Feiyang, Xibao, and Aunt Deng don't bring in a lot of money, they provide enough to keep him financially secure every year, which is a very comfortable feeling.
Chu Yu also donated 70 million to the country for military development.
The money has already been transferred and will not have any impact on her cash flow.
However, Susen is going to make additional investments this year, and Chu Yu will need to put up about 300 million yuan. How to use the remaining money to snowball the investment is what Chu Yu needs to think about.
In this day and age, Hong Kong's real estate developers have already completed their capital accumulation, and some wealthy people have assets of hundreds of billions. Although in later generations, many mainland businessmen have accumulated wealth through the Internet that surpasses that of Hong Kong businessmen, this era belongs to Hong Kong businessmen. Mr. Li, whom Yu Xiangwen introduced her to last time, is the best example.
Compared to his considerable wealth, Chu Yu's money was truly insignificant.
Having received the money, Huachu Future did not disband its branch in the South China Sea. If Chu Yu had dismissed everyone now, the market would have been in chaos, with many people following suit and leaving, especially Zhou Jian'an, who would have jumped out of that mess.
Chu Yu couldn't save everyone, so she could only let Hua Chu's employees continue working, but they would no longer receive any substantial work, instead doing odd jobs and finishing tasks.
"Has the court hearing started?" Chu Yu asked.
Qin Weidong nodded and said, "I'll go to the court hearing."
“Okay, when we meet with these people, we don’t need to say anything else. I estimate that the verdict will be announced at this court hearing. Our company’s contract was drafted by Hong Kong lawyers. They are professionals and have avoided all our risks. Rongcheng has not paid the final payment. If we can take back Changrun Building, we can resell it in the short term. As for how much money the court orders us to pay the other parties… we’ll just follow the court’s decision. We don’t care about a few hundred or tens of millions! Like I said, it’s best to be safe.”
Qin Weidong readily agreed.
By 1993, the atmosphere in the South China Sea had become even more volatile.
Zhou Jian'an owns eight plots of land and didn't even return to Hong Kong for the Lunar New Year. He's full of confidence and wants to make his mark in the new year.
Zhou Jian'an had inquired and heard rumors that there would be new policies this year, and many real estate developers were following suit and acquiring land, putting all their assets into the land. There were even people more crazy than Zhou Jian'an.
Zhou Jian'an thought that he would build houses on the few plots of land he had, sell them, and leave Nanhai this year. Money was easy to make, but the more money you made, the greater the risk. Zhou Jian'an was not a gambler at heart; he knew the principle of securing what he had.
By June 1993, Zhou Jian'an had almost finished building on several plots of land. He had borrowed 70 million yuan from the bank. The daily expenses on the construction site were huge. Zhou Jian'an was under pressure and kept up with the pace. He heard that good policies would be implemented in June, and he had to get through June. After June, there would be good news.
Many people in the market are waiting and seeing, but Zhou Jian'an has firsthand information, which is something they can't compare to.
Zhou Jian'an wasn't in a hurry; he just couldn't understand why Hua Chu hadn't made any moves in the past two months.
The government announced new policies to support the South China Sea, but why hasn't there been any news yet?
Zhou Jian'an was a little anxious when Jiang Yu hugged his arm and said with a smile, "Brother Jian'an, a friend of mine is having a birthday party and asked me to go back to Hong Kong. This friend is a good friend of mine from my school days, and her husband works for the Independent Commission Against Corruption. If I get along well with her, it will help your future career development."
Zhou Jian'an felt very touched. He never expected Xiaoyu to think of him so much. What did his wins and losses matter? Xiaoyu's love for him was genuine. Zhou Jian'an would never meet a girl as good as Xiaoyu in his life.
Zhou Jian'an laughed and said, "Xiaoyu, once we succeed this time, we'll hold a wedding. I'll show you who truly loves you in the world."
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