Chapter 155 Guangzhou Cultural Tourism City

Zhao Yimeng contacted Su Yehao again, asking for information related to the Guangzhou Cultural Tourism City project.

Su Yehao hadn't prepared any of this, but thinking that Sihai International Group should have a plan beforehand, he asked Linda Yun to help contact them, and they actually got a relatively detailed document.

It included urban construction planning around the land, subway line planning, average land price, population survey, home purchase intention survey, geological testing, and so on. They even made a rough plan for the cultural tourism city.

These were prepared to acquire the land, but as Father Su favored Pengcheng, which is just across the river from Hong Kong City, last year and acquired land on the coast of Pengcheng, the Guangzhou Cultural Tourism City project was scrapped.

Now, making use of waste, it was all packaged and sent to Zhao Yimeng.

Su Yehao originally thought that such a big thing would definitely take some time to produce results, but he received a call from a stranger that night.

The caller was Zhao Yimeng's father, who asked with a smile on the other end:

"Ah Hao, I have carefully read the things you asked Xiaomeng to send over... To be honest, I really like this project. Who doesn't envy your father for getting such a large piece of land? I've always felt that I invested too little in the land in Pengcheng in the mainland. Now I mainly want to ask you, will there be any problems with the land acquisition procedures? I've heard people say that it seems to be getting more and more troublesome, and land sales are learning from Hong Kong City, playing the auction game."

Having not had much contact with her father, Su Yehao perked up and thought for a while before replying:

"It's just an initial idea. However, when my father chose to acquire land in Pengcheng last year, Guangzhou specifically asked about it several times, and seemed quite regretful. The land sales system is indeed becoming more standardized, but cultural tourism commercial towns are more like scenic spots, and cannot be treated the same way. It's a big business with an investment of tens of billions, so it should be easier to negotiate, after all, my father has done it before and there is a precedent to follow."

"...Is that so? Why don't I book a table for lunch tomorrow, and we can chat in person? It just so happens that I haven't seen you for a long time, you have to give Uncle Zhao this face."

Zhao Yimeng's father finished speaking, and then added: "If you want to do the project, do it as soon as possible. I'm not the kind of person who drags things out. There are quite a few businessmen who want to invest in the north recently. When this financial crisis is over, Hong Kong City won't have any money to earn, and more people will definitely look for development abroad. It's best to get ahead of them and settle things first."

Su Yehao keenly noticed that Uncle Zhao seemed a little anxious.

After pondering for a moment, he guessed that there must be something wrong with the Donghuang Group again. The stock price of Donghuang has fallen so much from last year to now, it seems to be in a continuous downward trend. Not only are retail investors scolding, but shareholders are also very unhappy.

Shifting the focus of development to the mainland is undoubtedly an eye-catching selling point.

He had heard Zhao Yimeng mention it during dinner.

In the past, even if the stock price fell, at least someone was willing to take over. However, Donghuang Group is currently experiencing a liquidity crisis. Stockholders simply don't participate and don't play with it. Even the willingness to buy on the dip is gone, which is the most deadly thing.

The various large real estate projects that they were once proud of are now simply depreciating garbage assets in the eyes of investors.

The Zhao family has now raised about seven hundred million Hong Kong dollars to increase their holdings of Donghuang Group's stock from the secondary market and shareholders. However, the effect of propping up the stock price is not very good, so they must find some eye-catching highlights.

For stockholders, the growth potential of a company is more important than the performance itself.

The NASDAQ stock exchange is so popular now precisely because there are many potential stocks with amazing growth rates that can turn small investments into big profits. Stockholders who like to hold stocks and eat dividends are only a minority after all. More people prefer companies whose stock prices may rise and also have stable dividends.

The current Donghuang Group has neither the strength to pay dividends nor any topics to hype. The stockholders who bought on the dip have long been trapped.

Looking at the entire Asian market, the mainland has the strongest economic growth rate this year. Moreover, with the imminent complete abolition of welfare housing, the potential of the real estate market has been released all at once, so it is inevitable that Zhao Yimeng's father will be eyeing it...

After a brief conversation, Su Yehao pondered for a moment before calling his father.

Father Su seemed to be drinking outside, and shouted in a loud voice: "Hey! Do you need something? Spit it out, I'm listening!"

"..."

Su Yehao was speechless and joked, "You really are my own dad, so impatient to contact you?"

"Yeah, if you weren't my son, I really wouldn't want to answer your call. You never visit a temple without a reason. It's never a good thing when you look for me. I'm happy tonight, so speak quickly and don't bother me."

Father Su's impatience was justified.

These days, transferring money from the Medea Group's account, although no one said anything, they discussed it privately.

There was also Sihai International, which withdrew several hundred million at once, affecting Father Su's plan. He had promised to help a friend complete a bank savings task, but in the end, it fell through and he was complained about for a long time.

Originally, he was a dictatorial and chauvinistic person. Being urged by Su Yehao again and again, he made decisions against his will time and time again, so it was inevitable that he would have some small emotions.

Su Yehao didn't care about these things, and said with a smile: "You guessed right again, there is really something this time. Zhao Yimeng's father is asking you to have lunch tomorrow, the location hasn't been decided yet, he wants to talk about partnering to acquire another piece of land to build a Guangzhou Cultural Tourism City. It's the land we first inspected last time, but was delayed."

"...General Zhao? He doesn't have my phone number, why would he contact you?"

Father Su thought otherwise, and continued: "Could it be that you hooked up with his daughter? All the company's money has been transferred away by you, where do I have the money to continue investing... Wait a minute."

As the noise on the other end of the phone decreased, it seemed that Father Su had changed places, and then told him: "Donghuang Group has no money, and we have no money either. We're in the same boat, what's the point of partnering?"

"Don't worry about the money, I can borrow a little, and you can also borrow a little by mortgaging, I'm familiar with the Bank of China's loan channels. In addition, Donghuang sold Huayu Villa in Mid-Levels, Hong Kong, and sold part of its equity to get some money back. They are also selling the Donghuang Garden Hotel in Central, so it shouldn't be a problem to raise 1 billion Hong Kong dollars in the initial stage."

Su Yehao thought that he might be exposed, scratched his face with his fingers, and said awkwardly: "Actually, I was the first to propose this business, and I asked Zhao Yimeng to ask her father's opinion. Her father just called me, and he seems a little tempted."

Father Su was completely shocked, and it took him a long time to recover, telling him: "...You're not old, but you have a big appetite. Can't you be a little more stable? I always feel that if our family declines, it will definitely be related to you."

"Nonsense, I definitely won't fail in my hands. Besides, is spending money to buy land called wasting money? Did I tell you that I've earned more than 200 million in the past month, and it's still in US dollars?"

Su Yehao tried to change the subject and dropped a bombshell.

These words stunned Father Su, and the alcohol dissipated in an instant. He hurriedly asked:

"Did you rob a bank? What's going on?"

"I made it from playing the stock market. I'm going back to Casino tomorrow morning, and we'll talk in detail then."

"No! I have time now, you can tell me properly, what kind of business can make so much money?"

Although he had diverted his attention, new troubles were inevitable. Su Yehao sighed and said, "Didn't I say, playing the stock market, playing options with leverage, the stock is just going crazy, I can't stop it, right? So I made money..."