in2ebook Chapter 258: Pulling Investment
Chapter 258: Pulling Investment
Since all seven branches are making considerable profits, it means that this business can indeed make money. Chen Yao did not expect that Lu Yongqiang would agree to let the society invest in such a good business.
Chen Yao was stunned for a moment, then asked, "Aqiang, according to your plan, how much capital will you need to open thirteen more branches?"
Lu Yongqiang said: "House prices have been rising sharply in recent years. I am very optimistic about the housing prices in Hong Kong City in the next few years and think this is a good investment.
So I bought all the stores in my food courts. For example, this store, while not in a particularly good location and only a little over 3,000 square feet, cost me over NT$78 million. Including renovations and everything, the total cost was around NT$80 million.
When Lu Yongqiang finished speaking, Chen Yao was shocked at first, and then said in disbelief: "Aqiang, your store doesn't look as big as the one in Wan Chai. You invested 80 million in this store alone. Wouldn't the Wan Chai store have invested hundreds of millions? You now have seven branches, so doesn't that mean you have invested nearly 1 billion in total? Do you have that much money now?"
Lu Yongqiang smiled and said, "Brother Yao, what are you thinking about? If I had 1 billion, I would have given up everything and immigrated long ago. Why would I still be fighting in the underworld? Isn't it better to be a rich man in peace and contentment?
The seven branches had a total investment of 890 million yuan, but 500 million yuan was invested by Le'an Investment Company, which is the company of the Le family.
In addition, I mortgaged several of my companies, as well as Ah Heng and Dong Si's properties, to the bank, borrowing a total of 400 million yuan. Now, I have to pay the bank over 1 million yuan in interest every month."
"Brother Yao, to be honest, I'm under a lot of pressure right now. If the club is willing to invest, it would be a huge help to me."
Lu Yongqiang was well aware of the principle of not showing off one's wealth. All seven branches were indeed bought by Lu Yongqiang, but there was no investment from Le'an Company. The nearly one billion yuan was all Lu Yongqiang's personal investment.
Of course, Lu Yongqiang doesn't have that much cash now. He did borrow 400 million from the bank, but it was not as difficult as Lu Yongqiang said. He just borrowed money from the bank with the shares of the food company and the real estate company respectively. Lu Yongqiang did not mortgage Dong Si's villa and the properties of Lu Yongheng and others.
As for the other 500 million yuan, Lu Yongqiang withdrew a total of more than 100 million yuan from the accounts of several companies and the public accounts of the gang.
Then he asked his subordinates to raise money, some contributed tens of thousands, some contributed millions, and hundreds of people raised money for him, and he managed to raise more than 100 million.
In addition to these, Lu Yongqiang also took the ruby he got from the Cointreau Hotel and sold it abroad. The gem was originally worth hundreds of millions, but Lu Yongqiang got 80 million.
Later, he was still a little short of the original amount, and Lu Yongqiang got more than 10 million from Yue Huizhen.
Although this woman doesn't do any real work, she comes from a good family. Just the New Year's money she received since she was a child, the dividends her family gave her after she became an adult, and the living expenses her parents occasionally gave her, she actually has a savings of more than 20 million yuan. She is definitely a rich woman.
It is no secret that Lu Yongqiang has an ambiguous relationship with the eldest daughter of the Le family. People in the underworld know about it, and the upper class in Hong Kong has also heard about it. Many people have even regarded Lu Yongqiang as the prospective son-in-law of the Le family.
Chen Yao had no doubt that Lu Yongqiang was able to obtain a 500 million yuan investment from the Le family.
Chen Yao had studied Lu Yongqiang and knew that Lu Yongqiang had known Le Huizhen before he rose to prominence. At that time, Lu Yongqiang was just an inconspicuous dwarf in Hongxing, and Le Huizhen, the daughter of a wealthy family, had helped Lu Yongqiang several times.
He discussed this matter with Jiang Tiansheng, and they both agreed that Lu Yongqiang was able to develop to his current situation in just four or five years because he had the support of the Le family.
There are also food companies and real estate companies under Lu Yongqiang's name. Chen Yao and Jiang Tiansheng speculated that these two companies should have a lot of shares in the Le family, and Lu Yongqiang is just a manager pushed forward by the Le family.
In fact, the rapid rise of Lu Yongqiang was due to the great help given by the Sihai Gang, Ni Yongxiao of the Ni family, and Liang Kun’s sworn brother Ba Bi.
After defeating the Sihai Gang, Lu Yongqiang did not take much of the Sihai Gang's territory, but most of Xue Sihai's wealth became Lu Yongqiang's start-up capital.
It was only after swallowing up Xue Sihai's wealth that Lu Yongqiang had the money to set up a food company.
When the Ba Bi was launched, Lu Yongqiang made nearly 10 million. Later, Ni Yongxiao bought information from Lu Yongqiang and gave him 5 million US dollars. According to the exchange rate at that time, this amount of money was about 40 million Hong Kong dollars.
It was these two funds that gave Lu Yongqiang the capital to expand the scale of the food factory. After the food factory reached a certain scale, Lu Yongqiang took advantage of his foresight and began to invest in real estate, buying shops and houses everywhere. He then used the houses as collateral to obtain bank loans, and used the borrowed money to buy houses again. His business developed like a snowball, and he accumulated the original capital unknowingly.
Of course, the shoe and clothing factory also made a lot of money for Lu Yongqiang. In the past two years, he made almost two to three hundred million yuan from the shoe and clothing factory alone.
However, the money from the shoe and clothing factory was basically used by Lu Yongqiang to support his subordinates. For example, he now has more than a thousand core subordinates. On the system panel, there are more than 800 subordinates with a loyalty level of over 60, and there are now more than 20 to nearly 30 people with a loyalty level of over 80.
However, the lottery prizes these people brought to Lu Yongqiang were really varied. Things like backflips, unbuttoning with one hand, tying knots with the tongue, etc. were all considered a skill.
Of course, there are also some good skills, such as the proficiency in firearms, makeup, magic hands, etc. that Lu Yongqiang has been thinking about for a long time.
With his mastery of firearms, Lu Yongqiang's combat power has reached a new level. Although makeup can't directly transform Lu Yongqiang into another person, it can still provide a simple disguise.
The magic hand was the most amazing thing, it actually enhanced the dexterity of Lu Yongqiang's hands. In the past, Lu Yongqiang could toss two coins at the same time with guaranteed accuracy, but if he threw more than two, it would depend on luck. But now it's different. Lu Yongqiang can toss five coins at the same time, and within a distance of 20 meters, all five coins will hit the target with a deviation of less than one centimeter.
At a distance of twenty meters, Lu Yongqiang's coin is more powerful than a gun.
In addition to gaining skills, Lu Yongqiang also enhanced many of his physical attributes. Now Lu Yongqiang's combat power has exceeded seventy, which is much higher than Luo Tianhong and Dadong.
When fighting with Jordan from the Tri-Union Gang, Lu Yongqiang only used 50% of his strength. If he had used all his strength, he could have killed Jordan in just a few moves.
It’s just that Lu Yongqiang was used to hiding himself and didn’t want to expose his strength in front of outsiders, so he pretended to compete with Jordan for a while.
In fact, if Lu Yongqiang puts aside his identity as a gang member, he can become a wealthy man, but his success and failure are both due to the same person. Lu Yongqiang started his business by using his identity as a gang member, and now he can't get rid of it just because he wants to, unless he sells his property in Gangcheng and runs away with the money.
Furthermore, Lu Yongqiang wasn't a plant or a machine without any emotions. After interacting with his brothers for a long time, Lu Yongqiang was unwilling to abandon them and walk away. He was now thinking about taking his brothers forward. After 97, he could lead everyone to clean up their mess and then live a stable and wealthy life.
After listening to Lu Yongqiang's explanation, Chen Yao secretly breathed a sigh of relief. If Lu Yongqiang's assets really amounted to more than 1 billion, then he would have to think carefully when plotting against Lu Yongqiang in the future.
This is too sloppy, and it has both advantages and disadvantages.
The advantage is that you can plot against others. Others don't know your specific strength. When they are plotting against you, you will have many unknown cards up your sleeve and can easily counterattack.
The disadvantage is that you always show weakness, which can easily give people the impression that you are weak and can be bullied.
Just like now, Jiang Tiansheng thought that Lu Yongqiang was supported by the Le family, so he naturally looked down on Lu Yongqiang. The business under Lu Yongqiang's name was very enviable, so Jiang Tiansheng would think about plotting against Lu Yongqiang from time to time.
Of course, with Lu Yongqiang's current status, Jiang Tiansheng can no longer easily control Lu Yongqiang, and he is not sure of killing him with one blow.
Even if he plotted against Lu Yongqiang, he would know his limits. He would either just want to gain some benefits or restrict Lu Yongqiang's development. He would not create an irreconcilable blood feud with Lu Yongqiang.
This time, asking to pry Lu Yongqiang's subordinates was actually just a small test. If Lu Yongqiang strongly refused, Jiang Tiansheng would have no way to deal with Lu Yongqiang. The most he could do was to privately scold Lu Yongqiang for being selfish and disregarding the overall interests of the society.
Chen Yao was silent for a long time, then said, "Aqiang, the society does have a lot of money in its public account, but your investment is too huge. I can't make the decision alone. I need to go back and discuss this with Mr. Jiang first. If we really want to invest, I'm afraid we'll have to hold a general meeting to decide."
As the leader of the society, Jiang Tiansheng could withdraw 20 to 30 million yuan from the public account without prior notice. However, if he used too much money, he would have to notify not only all the leaders but also the society's elders in advance. Otherwise, the discrepancy between the public account and the funds would be too great, and Jiang Tiansheng would be unable to explain it.
Chen Yao paused for a moment, then continued, "Aqiang, if we don't buy a store, we can just rent one and then open a food court. This way the cost should be much lower. In that case, 20 to 30 million should be enough, right?"
As Chen Yao finished speaking, Lu Yongqiang said, "Brother Yao, if that's the case, then why should I ask the society to invest? 20 to 30 million, I can think of a way, it shouldn't be difficult to get it."
"Also, this food city project is a collaboration with the Le family. I signed a contract with the Le family. The Le family invested 500 million yuan in the food city project, and I invested 500 million yuan. Then I was responsible for the operation of the food city, with the Le family holding 30% of the shares and I holding 70%.
If the association only invests tens of millions, how can this be calculated? They don't even own 10% of the shares, so what's the point of investing? I can't even talk to the Le family about it."
Lu Yongqiang wanted to borrow money from the society to invest in real estate, but tens of millions were not enough. He thought that he had to get at least a few hundred million from the society to spend and buy more shops.
In a few years, when housing prices plummet, the value of the food city will also plummet, and Lu Yongqiang will spend money to buy out the shares held by the association. In this way, Lu Yongqiang will make a lot of money.
As for the money earned by the Food City itself in recent years, it can be regarded as interest paid to the association.