in2ebook Chapter 264 Lu Yongqiang's Wealth
Chapter 264 Lu Yongqiang's Wealth
Jiang Tiansheng hesitated for a moment, but still explained in detail to Chen Yao: "I recently met Mr. Tong from the Tong Group at the golf course. The Tong family and the Le family are old friends. The two families have cooperated on many industries.
Mr. Tong told me the news. He was very sure that the Le family did not invest 500 million in a food city project because the Le family invested 2 billion in Central a few months ago. At that time, the Le family was short of funds and borrowed 100 million US dollars from the bank under Tong's name.
"After learning this news, I contacted Meng Bo, the most famous private detective in Hong Kong, and asked him to investigate the specific source of Lu Yongqiang's funds."
"Two days ago, Meng Bo had already investigated the matter thoroughly. In recent years, although Lu Yongqiang has not been operating any shady businesses, his counterfeit goods business has actually spread throughout Southeast Asia. The counterfeit goods shoes and clothing business run by Han Bin, Brother Ji, and Fatty Li all originated from a shoe and clothing factory owned by Lu Yongqiang in China."
"Lu Yongqiang was very clever. He promoted Robert Wilde, a foreigner, as the front man. Everyone always thought that the fake goods business was Robert's business and had little to do with Lu Yongqiang. In fact, we were all deceived by Lu Yongqiang.
In fact, most of the profits from each piece of Grade A goods have already been earned by Lu Yongqiang's domestic processing factories, and Robert only gets less than 10% of the profit at most.
According to Meng Bo's investigation, in recent years, Lu Yongqiang's domestic shoe and clothing factories have made annual profits of around 200 million yuan.
Lu Yongqiang has been doing this A-grade goods business for almost four years. From this business alone, Lu Yongqiang has earned 700 to 800 million yuan in the past few years.
In addition, Lu Yongqiang has always been optimistic about the real estate market in Gangcheng. All the money he earned over the years has been turned into real estate and shops. The shops and real estate he bought in the early years have basically doubled in price now.
His inconspicuous Lu Real Estate Company is actually the most valuable company under Lu Yongqiang's name.
According to Meng Bo's investigation, this real estate company owns one building, twelve properties, and forty-two shops. The shops vary in size, with the small ones being worth only a few million and the large ones being worth tens of millions.
The shops in those food cities are all owned by this Lu’s Real Estate Company.
Meng Bo asked someone to roughly estimate the value of these properties, which was about 2.5 billion yuan.
In addition, this company is also involved in several real estate projects in Tuen Mun, with a total investment of no less than 500 million.
According to professional valuations, Lu's Real Estate Company's valuation would not be less than 2 billion. The reason for this valuation is that the company is also heavily in debt, owing the bank approximately 1.5 billion.
Then there's the Giant Food Factory, Lu Yongqiang's most publicly profitable company, with annual revenues of no less than 100 million. This company had been established for almost five years and had earned Lu Yongqiang around 600 to 700 million.
Many investment banks are optimistic about this company, and its current valuation is not low, almost 1.5 billion yuan.
A Yao, do the math. If Lu Yongqiang wants to cash out, the Lu Real Estate Company and the Juhaochi Food Company alone are worth about 3.5 billion.
In addition to these two industries, Lu Yongqiang also has other scattered industries, such as bars, instant noodle factories, nightclubs, chess and card rooms, game halls, bathhouses, etc., which are worth a lot of money in total.
Therefore, even if Lu Yongqiang pays off all his bank debts, his assets will not be less than 3.5 billion.
Chen Yao was completely stunned by Jiang Tiansheng's rambling explanation.
After a long while, Chen Yaocai said, "Mr. Jiang, what you just said completely proves that Aqiang is a genius in business. Not only is he smart, but he also has a sharp eye.
If that's the case, then we should invest in the food city project. He, Aqiang, eats the meat, and we drink the soup."
After Chen Yao finished speaking, Jiang Tiansheng's face darkened. After a while, Jiang Tiansheng said coldly, "Ayao, I agree to invest in the Food City. You can start making arrangements.
But remember not to tell anyone else anything I tell you today, not even a single word."
At this point, Jiang Tiansheng's tone was filled with murderous intent and he said, "Ayao, this Lu Yongqiang is too big a threat to us..."
As Jiang Tiansheng finished speaking, Chen Yao's face changed drastically, and he said in a panic, "Mr. Jiang, judging from Aqiang's industrial layout and his way of dealing with people, he probably has no idea about the leading position.
Not only is he a skilled fighter himself, he also has a wealth of talented people under his command, and powerful figures emerge one after another. Since he has no interest in the leader's position, there is not much conflict between us...
Mr. Jiang, why should we provoke a dangerous person like him? "
After Chen Yao finished speaking, Jiang Tiansheng sneered, "Ayao, Lu Yongqiang really has no idea about the leader position.
But if all his assets were exposed and everyone knew that he had billions in assets, how do you think the leaders of the society and those old guys who don't care about anything would react?
Most of them will turn to Lu Yongqiang, wanting to make money with Lu Yongqiang and to reap the benefits from him.
After that, regardless of whether Lu Yongqiang is willing or not, everyone will unite and force Lu Yongqiang to wear the yellow robe, and will all support Lu Yongqiang to be the leader and decision-maker. By then, there will be no place for you and me in the society."
As he spoke, Jiang Tiansheng walked over to Chen Yao, patted him on the shoulder, and said, "Ayao, you are a smart man. You should know that what I said is not an exaggeration, but the truth."
"Those old guys in the club may seem to be indifferent to things, but their influence is everywhere. When Liang Kun came to power, although it seemed that I was scheming against him, others didn't know what was really going on. You, Yao, should know it clearly.
Even if I hadn't taken the initiative to give up my position, those old guys would have found a way to force me to do so. These bastards don't care how much you've contributed to the society; they only care whether you can continue to bring them benefits. They are all a bunch of bastards who forget their principles for the sake of profit."
…………
While Jiang Tiansheng and Chen Yao were discussing Lu Yongqiang, an unexpected guest, the society's veteran You Bo, came to Lu Yongqiang's office.
This old guy is in charge of the society's punishment hall and is considered a powerful figure in the elders' group, but Lu Yongqiang does not have much friendship with him.
The flag of Tuen Mun was actually raised by Dong Quan, who was a disciple of Jiang Zhen. In fact, the deceased Jiang Zhen was Lu Yongqiang's grandfather.
Under normal circumstances, after Dong Quan retired, he would not only become a powerful elder who controlled the Punishment Hall and the Rite Hall, but at the very least he would be one of the elders with voting rights.
By then, Lu Yongqiang, as Dong Quan's disciple, can barely be considered to have someone behind him.
However, Dong Quan was reluctant to give up his position and eventually lost his life. After Lu Yongqiang came to power, the Tuen Mun flag lost its connections in the veteran group.
Logically speaking, Lu Yongqiang should establish a good relationship with a veteran in the elders' group, or even become that person's disciple. Then, if there is any movement in the society, Lu Yongqiang can get the news first.
But Lu Yongqiang didn't want to find a big father for himself. He basically didn't associate with those elders of the community. At most, he would say hello when they met. When he really had something to do, the worst that could happen was that he would pay someone to show up.
In Hong Kong, any society that has existed for 20 to 30 years will almost always have a group of veterans or uncles of the society.
Although these older generation gangsters seem to be in charge of things, their influence is not small, and many of them hold real power. Among them, the uncles of He Liansheng have the greatest power and can directly decide who will be the leader of the society.
Although the veterans of Hongxing do not have as much power as the uncles of Liansheng, their influence cannot be underestimated. At certain times, they are enough to influence who will be the leader of the society.
Like this You Bo, he has a special relationship with Ma Wangjian. He is considered to be Ma Wangjian's adoptive father. Sometimes, You Bo can influence Ma Wangjian's decisions.
There was also Eight Fingers Uncle, who was in charge of the auditorium. The prince was his protégé. It was Uncle Eight Fingers who voluntarily gave up his position as the leader. Although the relationship between the two was not that of father and son, it was better than that of father and son. During the holidays, the prince would visit Uncle Eight Fingers.
There is also Mr. Fu, who immigrated abroad a long time ago. He is the boss with narrow eyes. Although he has not been in charge of things for a long time, he is still a member of the society's elder group.
I heard that this gentleman has a very good relationship with Xiyan. Xiyan goes abroad to visit him every year and occasionally stays there for a month or so.
There is also Uncle Hai in the old group. He is the boss of Big Brother B and is considered the grandfather of Thirteenth Sister and Chen Haonan. During festivals and so on, Thirteenth Sister and Chen Haonan would visit his home. As for whether this uncle can influence the decision of Thirteenth Sister and Chen Haonan, it is hard to say.
If you want to become the leader of a society, you should build good relationships with the elders, and maybe you can get a crucial vote.
Lu Yongqiang was not interested in that position, so he did not take the initiative to make friends with these community elders.
Now that Uber has come to him, Lu Yongqiang has an inexplicable bad feeling.
Sure enough, after a few casual words, You Bo suddenly said, "I heard that the crackdown on social organizations over there was very severe. This was not long ago in 97.
Qiangzi, you have a sharp mind and are the most capable young man in the club. Tell me, after 97 years, where should our club go from here?
When You Bo said this, Lu Yongqiang was stunned for a moment.
Lu Yongqiang was stunned for a moment, and then tentatively said, “You Bo, wasn’t this issue discussed at the previous Tangkou meeting?
Mr. Jiang said that our association needs to transform, and those gray industries should be abandoned. In the future, we should develop the association as a formal company.
I personally think this suggestion is very good and pertinent, and I fully support Mr. Jiang's reforms."
As Lu Yongqiang finished speaking, the uncle spoke up, "Qiangzi, we fled from there to Hong Kong in 1947, and then founded Hung Hing in 1948. So, Hung Hing has been established for over years.
More than forty years have passed, and the Hongxing group has grown from 800 registered members at the beginning to more than 60,000 registered members now. Excluding those who have died, there are no less than 50,000 people alive. Together with the Blue Lanterns on the periphery, the number of people who make a living by relying on the Hongxing brand is probably no less than 100,000.
Qiangzi, if the Hongxing brand were to disappear, it wouldn't affect us that much. We'd already have enough wealth to become wealthy, anyway. But what about the people below us? Where would they go?
Mr. Jiang's proposal was a good one: to transform the association into a formal company. But what kind of formal company could support nearly 100,000 people? According to Mr. Jiang's plan, it was almost impossible to do so.
Qiangzi, you have made great achievements in business. In just a few years, you have accumulated a fortune of over 100 million. Even without the gray industries, your Tuen Mun gang can support all your younger brothers.
Qiangzi, if you were to become the leader of Hongxing, would you be able to find a way for your brothers to support their families?