Tao Liangchen
Chapter 200 Silently Making So Much?
The initial phase focused on leveling the land and constructing temporary roads.
The project, spanning over four thousand mu, had to be prioritized. The commercial street and shopping mall, as the key to attracting foot traffic, were prioritized by Old Su.
At the same time, Sihai International was inviting international teams to participate in designing the world's tallest Ferris wheel.
The goal was to stir up hype and attract attention. Once there was buzz, the project was halfway to success.
The promotional activities had already begun.
Many of the experiences in mainland real estate were based on Hong Kong's regulations, such as the public shared area and the land grant system. As long as they strictly followed local standards, there wouldn't be any problems adapting.
Sihai International Group had experience in developing Hong Kong real estate, so everything was progressing smoothly in these areas.
On Double Eleven, November 11th.
Su Yehao accompanied his father on a yacht back to Pengcheng. The marine police boarded for a symbolic inspection. Faced with such a yacht, they were left with nothing but amazement and envy.
The Sihai International was a registered vessel. No one suspected that a multi-billion dollar boss would use a luxury yacht worth nine figures for smuggling. Therefore, after a simple registration, they were allowed to pass, and the pier was notified to prepare for reception.
Su Yehao came along this time mainly because the yacht was recently in his possession. His father was coming to take the boat, so he came along for the ride.
First, they observed the area, which was still a large wasteland, from the nearby sea.
A surge of ambition welled up from the bottom of his heart.
Su Yehao pointed to the area near the golf course and asked:
"Are you planning to build a villa area near the green space? Remember to build me a big house then, ten or eight mu won't be too much. It would be best if I could see the golf course and the sea when I open the window, and have an artificial lake to raise koi."
"No problem, give me the money first."
Old Su reached out his hand. He knew that his son had made a lot of money recently.
News articles promoting Vice President Zheng Yongwen had been published in major Hong Kong newspapers. TV stations and media in Casino followed suit.
Naturally, Su Yehao became famous again.
Although it was a publicity stunt for Vice President Zheng Yongwen's promotion, the public was clearly more interested in Su Yehao.
According to Jiang Yu, reporters even went to Hong Kong University to conduct interviews, and several classmates were asked about him.
College student, rich kid, investment profits exceeding one hundred million.
This kind of story was obviously of interest to the media, and Hong Kong University students were also talking about it. Many alumni wanted to get on his good side early, but unfortunately Su Yehao rarely attended classes, so the opportunity to get close was rare.
In recent days, several professors from the Department of Finance, Business Administration, and Law at Hong Kong University have been hired by Su Yehao as consultants, which made other professors extremely envious.
They could earn an extra annual salary of about 200,000 Hong Kong dollars for providing opinions, which was not a small amount of money.
After achieving fame and success, wealthy people like Zheng Yongwen were hired by the school as honorary vice presidents, but this was only a minority. The lives of most professors could only be considered good, not wealthy.
Who wouldn't like a stable opportunity to make quick money?
So, occasionally seeing Su Yehao sitting in the classroom, the professors on the stage would always show 120% of their energy, demonstrating their professional skills. Some people even got part-time job opportunities because of this.
Su Yehao's own business had just started, and he lacked talent and funds, but he never lacked projects.
Old Su, who was originally joking, found that his son nodded after hearing this.
Su Yehao told him: "Okay, after a while, I can use the money to invest in a cement factory. The family already has a tile factory. If we also own a cement factory, the construction cost can be reduced a lot. I see that Pengcheng is under construction everywhere, so we shouldn't have to worry about orders."
Old Su said with a smile: "We can't just invest in all the surrounding industries for one project, can we? Wouldn't we have to make our own doors, windows, and steel bars?"
"That's not necessary. Just find some upstream industries with high profits. Anyway, a cement factory doesn't cost that much money."
Having money in hand meant being generous.
Su Yehao didn't know when he should take back the money invested in Yahoo, but with his debt ratio, he could completely use Yahoo stock as collateral for a loan first.
In this way, both sides would not be delayed, he could enjoy the dividends brought by the development of the Internet, and he would not miss other development opportunities.
Next, the entire Pengcheng would be rebuilt, so the development prospects of the cement industry were very optimistic.
His father curiously asked: "The house I gave you, and the one your grandfather gave you, have both been mortgaged. The newspapers often say that you have earned so much money. Tell me the truth, how much money do you have now?"
What couldn't be said to his father?
Su Yehao thought about it and told him:
"I hold Yahoo stock worth over 570 million Hong Kong dollars, invested over 20 million Hong Kong dollars in Yinhai, and it should have risen by now. The tAt network that I founded myself should also be worth more than 10 million. There's also the travel company I co-founded with Jiang Shiye, which also invested 18 million, so it's over 600 million in total. I still owe the bank money, but the money I owe is offset by the value of my property."
"...So much without a word?"
Old Su was amazed.
The good fortune flowed into his own field, and he was only happy.
Sihai International spent over 700 million on land acquisition, and other projects haven't cost much money yet. In addition, with the strong support of the bank, the money on the books is definitely enough.
He didn't mean to ask Su Yehao for it. Judging from the recent situation, his son's achievements far exceeded his expectations as an old father, so he was more at ease.
"Yeah, sometimes I find it hard to believe myself. It's mainly because there was too much start-up capital, so the snowball effect is very fast."
"...Do whatever you want, but the cement industry is not so easy to do. I'll find someone to find out about it first. Don't get involved in this matter. It's best to invest in the name of Sihai International. You have no experience in engineering, but I'm very familiar with it."
After his father finished speaking, Su Yehao nodded casually. It was just a whim, a trivial matter that he didn't care about.
Compared with cement, he was more concerned about the mainland stock market.
After a sharp drop at the end of last month, it continued to decline for half a month.
Su Yehao had seen the data. At the beginning of the year, the Shanghai Composite Index was only over 900 points. Last month, it almost broke through 1,300 points, and after the fall, it was still over 1,100 points.
This also meant that the mainland stock market was less affected by the surrounding markets, and he had not found a suitable opportunity to buy the dip.
He habitually compared other projects with Yahoo, and after looking at it, he finally found that in addition to Internet entrepreneurship, investing in Yahoo stock was the most profitable and stable.
When the yacht docked, Su Yehao accompanied his father off the boat. A convoy of Mercedes-Benz cars was already waiting, and they got into the car and headed straight to the construction site...