Tao Liangchen
Chapter 245 Helping in Need and Kicking Someone When They're Down
He also wouldn't bother looking up the stock price of Zhao Yimeng's family's listed company when he had nothing to do.
But seeing that this girl was a little anxious, even about something as important as her father's illness, where she specially arranged for her wife to stay at the company, he could guess that they must have encountered some difficulties.
With the high-泡沫s coinciding with the economic crisis, the real estate business was indeed difficult to do, given the recent environment.
Donghuang Group had developed rapidly in recent years, acquiring a lot of land and developing new projects one after another. Su Yehao had heard of the company's scale as early as when he was studying at Donghuang Rose Middle School.
Donghuang Group had been operating shopping malls, hotels, office buildings, and apartments in its early years, and had recently been continuously involved in the housing market.
Near Mid-Levels in Hong Kong, there was a residential complex called Donghuang·Huajingshan, not far from the Shangfeng Shangshui complex once led by the Su family, with a total investment of more than two billion Hong Kong dollars. The land price was relatively high, and it was led by Donghuang Group for development.
In the first half of last year, Su Yehao secretly urged his father to transfer shares and cash out. Zhao Yimeng's family's company was not so lucky.
The residential complex Donghuang·Huayushan had not yet been fully developed when it was hit by the financial crisis. Housing prices had fallen by about 30%. Selling houses now was equivalent to losing money, and no one was willing to buy them, so it was stuck in their hands.
This was just one of the projects. There were several smaller projects, as well as other real estate projects in Singapore and Casino, 1997.
Su Yehao had heard about these things. The two families' businesses belonged to the same small circle, and the circle wasn't too big, so rumors inevitably spread in daily life.
Although Su Yehao regretted that his own father was too conservative, and Sihai International was neither listed nor used a large amount of its own funds for development projects, it must be admitted that this approach was undoubtedly quite stable.
Zhao's Donghuang Group had been developing rapidly in recent years, taking advantage of the "good market."
Not only did it raise funds and issue new shares, slightly diluting the Zhao Yimeng family's shareholding ratio, but it also borrowed money from banks and invested it in projects.
Thoughts flashed through Su Yehao's mind. Although he didn't know how high the debt ratio was, the scale of debt couldn't be too low, based on Donghuang Group's projects alone.
Speaking of the shortcut to the rise of the real estate industry, which was "land acquisition—development—loan—more land acquisition," the most feared thing was undoubtedly the collapse of housing prices, customers not buying, and banks demanding repayment.
Looking at Zhao Yimeng's father, Su Yehao couldn't help but wonder if the other party's illness was caused by anxiety. Otherwise, already being so rich, he should have taken some time to have a medical examination, and early detection and early treatment would have been better. Why would he be stingy about the expenses of a medical examination?
After a brief interaction, the two families got into their respective cars.
As soon as the car door closed, Su's father raised the partition in the middle of the Cadillac armored car.
A few months ago, the family purchased two armored cars at once. This Cadillac was said to be modeled after the Washington One car, which was not only bulletproof and explosion-proof, but also had excellent privacy.
The space was more spacious than Su Yehao's Rolls-Royce Silver Spur. It could seat six people, with a safe and a car refrigerator in the back, and a TV in the front.
Honestly, apart from the brand, Su Yehao was a little regretful that he had chosen the wrong car.
Just as he was wondering why they were separated, he heard his father say:
"Donghuang Group's stock price is going to fall. Looking at the Zhao family couple's worried appearance, the problem must be quite big this time. I knew they were having a hard time before, but I didn't expect that with so many assets to support them, they would still end up like this. That's the price of taking big steps. Donghuang Group, with a market value of over 10 billion Hong Kong dollars, has always been ambitious and wanted to become a top-tier real estate developer. Now I'm afraid it's going to retreat instead of advance. Bad luck can't be helped."
Su Yehao crossed his legs and asked curiously, "If, I mean if, I take money to short Donghuang Group now, would that be considered insider trading? Would I be investigated?"
His father had hardly any presence in the securities trading market. He had been in the real economy for a long time and was experienced in stable financial management.
Regarding the question raised by his son, Su's father was also unsure and said hesitantly:
"It shouldn't be, right? We need to ask a legal expert to clarify this. But Hong Kong's real estate stocks have been falling all along, and everyone knows the prospects are difficult, so shorting is very reasonable. And Mr. Zhao's face is already so ugly, how can people not tell that something is wrong with his health? As long as it doesn't involve specific information, even if it is investigated, it probably won't be a big deal."
Su Yehao was tempted.
Then he heard Su's father change the topic and say with a smile:
"But are you sure you want to kick someone when they're down at this time, instead of helping them in their time of need? You even asked me and your mother to propose marriage before, and I almost abandoned my old face. If you step on them at this time, you'll probably be resented. Are you willing? If you take the opportunity to propose marriage again, the probability of success is very high."
Su Yehao shook his head without thinking and said:
"Proposing marriage now is kicking someone when they're down. Forced melons aren't sweet. That's not how you chase girls. And since I know the stock price may fall, instead of letting it evaporate in vain, it's better to let our family profit. It's not our fault that they encountered problems. Blame it on bad luck for running into the financial crisis. You can try to ask clearly and earn some pocket money to subsidize the family."
"That's true. The Zhao family's eldest daughter has a tough temperament, and probably won't bow her head easily. Moreover, even if they are badly hurt, the Zhao family is still the Zhao family. Just the few buildings in Singapore and Hong Kong are enough for them to eat and drink for several lifetimes. To be honest, if you were with her, it would be a great help in the future. The Nangong family's daughter is a good person, but she just loses out on strength."
After listening to his father's heartfelt words, Su Yehao rolled his eyes at his old man and said dissatisfied:
"How superficial. Feelings are feelings. Why mix in other things? Money is the least of my concerns. I can pick it up everywhere. The thing I'll lack the least in the future should be money."
The fact proved that his memories from his previous life still worked. Su Yehao, with his cheat codes, was full of confidence when he said this.
His father smiled happily and told him, "You have ambition. Then I'll set up a charity fund and donate all the family's money? Since you don't lack it, then don't think about my money?"
"The money you worked so hard to earn. Lacking it or not is one thing, being stupid is another. It's okay to set up a family charity fund."
Su Yehao answered casually. He knew his father was joking and didn't bother to take it seriously.
Even if he was willing, the other party definitely wouldn't be willing.
Judging from his family's old man's usual style, he was clearly not a magnanimous and charitable great philanthropist. Otherwise, he wouldn't still be thinking about earning more money every day while holding billions in his hands.
When the car turned, Su Yehao glanced at the Da Xian Temple. Zhao Yimeng had already entered with her parents.
The Zhao family had a solid foundation and was richer than the Su family before.
Recalling the girl's words, "If only I were like you," Su Yehao's lips curled up, mainly because he didn't expect that she would also admire and worship him.
The Zhao family's troubles were just a small matter in his eyes. At worst, they could cut their losses and cash out... and use the money to invest in Yahoo or Amazon.
Thinking about checking on the Donghuang Group's situation when he got back, Su Yehao talked to his father about the development plan of Mide Group.
In Su's father's eyes, an appliance company just produces appliances.
But Su Yehao felt that with Mide Group's assembly and research experience, the fields it could be involved in were far more than just appliances, such as computer assembly, which didn't require much technical content, or the currently popular idiot-proof mobile phones. The market scale was not small.
If the research and development department could be developed well and an efficient management team could be coordinated and cultivated, there was a good chance of creating a behemoth enterprise. It could even open up new profit points without affecting the appliance business.
After all, with Sihai International's financing of 2 billion, the company was very wealthy. And in the early stages of playing assembly and OEM, it wouldn't cost much money. Su Yehao was very clear about the benefits of seizing the brand and occupying the market first.
Unfortunately, his father didn't seem too interested.
He intended to leave professional matters to professional people.
Su Yehao felt a burst of suffocation and retorted:
"How can you let go after financing out 2 billion? You think too highly of the original executives' self-awareness..."