The Birth of Shanghai's First Conglomerate

Chapter 182 About My Family's Courtyard

"Wow... Brother-in-law, you are sooooo beautiful."

Moving to a new house naturally calls for a housewarming celebration.

Chen Pingsheng didn't go too far.

The main purpose was to invite relatives from Beijing to come over for a get-together, and also to invite several key personnel from various companies within the group.

After looking around, Song Shuiqing absolutely loved it.

What kind of divine abode is this?
They even managed to build such a large aquarium in the yard.

To this end, they went so far as to move the South Campus forward by two meters.

Just to create an aquarium outside her daughter's floor-to-ceiling window, Chen An'an looked at her large room and chuckled.

Outside the floor-to-ceiling windows is a completely transparent aquarium, where some amazing marine fish such as giant swallowtail pufferfish, pufferfish, and butterflyfish swim.

Chen An'an's large bed faces the aquarium, and this is the beautiful view she sees when she goes to sleep at night.

The small room was decorated in a very cozy style.

It has its own desk, bookshelves, computer desk, and everything else it needs.

The entire room features wood-based flooring, which Chen An'an absolutely loves.

Song Shuiqing couldn't resist taking two selfies and posting them on her WeChat Moments.

Many people left comments asking her where this was.

The capital city is not located by the sea.

If you want to see an aquarium, you can only go to an underwater world or a marine amusement park.

Song Shuiqing told them that this was her brother-in-law's house, which completely stunned the row of female classmates.

Inside the kitchen.

Song Yanxi and Liu Fen both cook and prepare meals. Even though her house is big, she still doesn't like to hire a housekeeper.

Liu Fen has suffered heavy losses due to the recent stock market crash. Although she listened to her son-in-law and withdrew from Baofeng Technology in advance, Vanke is also falling sharply now.

Seeing that her son-in-law was acting as if nothing had happened, and knowing that the 50 million he had acquired had not been touched, she felt much more at ease.

As long as Vanke's stock price can stabilize, things won't be too bad for her.

I didn't even look at the other relatives of the Liu family; they're all shrouded in gloom and despair right now.

Her daughter's house is indeed quite extravagant; with such a large yard, it would take several hours to clean without a housekeeper.

Such a glorious task naturally fell into her hands.

It's because her daughter and son-in-law both have to work, and she's the only retired person here helping to take care of the kids.

of course.

Liu Fen's face was always beaming with pride at being able to live in such a house.

An'an's room has a floor-to-ceiling window overlooking the ocean, and outside her room are crabapple trees.

Equally stunning.

I feel like living in a house like this would add ten years to my life; I feel refreshed every day.

While they were busy cooking, Chen Pingsheng was chatting with Chang Fu and the others in the tea room.

There's not much to talk about in the live streaming industry. A few pretty girls are calling out to their boyfriends and doing some sexy dances, and their income isn't exactly low.

There are always some people who like to find the feeling of romance in these live streamers.

Chen Pingsheng felt it was difficult to judge these people. You could say they were stupid!
They still manage to save tens of thousands, simply because they work hard.

You might say they're smart, but they're also pretty silly.

He wanted to change his way of making money, but he just didn't have a good opportunity.

He himself didn't care; Changfu made his money this way, so he couldn't let it affect him.

"Old Chen, you said this recent stock market crash has caused a lot of panic. Could something really big be going to happen?"

"What changes can happen? It had been soaring for two years and has only been falling for half a month. The only ones who can't stand it are the newly registered residents."

“However…” Chen Pingsheng paused, “If the stock market continues like this for a while, I feel it will have a significant impact on housing prices.”

"What impact?"

"Of course it's to stimulate housing price increases. Do you think the same people who speculate in stocks don't speculate in real estate? It's just the same group."

Chen Pingsheng said, "Now that the stock market can no longer be used as a reservoir, they can only invest their money in the real estate market. With so many people's money being transferred to the real estate market, do you think it will stimulate a short-term surge in housing prices?"

It's worth noting that most people who invest in stocks are middle-class or above.

When tens of millions of middle-class families or above withdraw their money from the stock market and invest it in real estate.

That would have an unprecedented impact on the real estate market.

"Prices are still rising. The price of a square meter in Beijing's second ring road is already 80,000 to 90,000 yuan. If prices continue to rise, I won't even be able to afford a house."

"Forget about it. If you can't even afford a house with a multi-million dollar annual salary, then ordinary people will have no choice but to pack up and go back to the countryside."

Chen Pingsheng brewed himself a cup of tea. His teacup had a handle, which was especially hot to the touch for some cups that didn't.

He didn't like it very much.

"Once Yang Qian finishes the Bobo Milk Tea national franchise recruitment conference in mid-July, they will prepare for a backdoor listing."

"So fast, how did you do it?"

Chang Fu hasn't figured this out yet; Bobo Milk Tea has only been established for a short time.

It hasn't even been a year, all told?

This IPO plan is moving way too fast.

"I'm not entirely sure which one Tong Zhelan was in charge of."

Chen Pingsheng said, "She found two securities companies in Hong Kong and acquired a shell company. After the franchise conference is completed, the Hong Kong side will release the news that the shell company plans to acquire 60% of Bobo Milk Tea's shares in September this year. The two securities companies will be responsible for the share issuance of that shell company, that is, they will be responsible for underwriting."

It sounds simple, but it's actually quite complicated.

The reason why securities companies undertake underwriting is naturally to make money.

First, they need to investigate Bobo Milk Tea's financial situation over the past year and then provide an overall market assessment.

This assessment is about how much Bobo milk tea is worth!

Tong Zhelan reviewed Bobo Milk Tea's overall finances, assuming the national franchise conference in July went well.

Bobo's valuation of 3 billion is actually not a big problem.

The profits from the more than 100 directly operated stores have always been quite good, and now there are more than 600 franchised stores.

The overall assessment is roughly three billion.

The appraisers from the securities firm, including two senior executives, gave a quote of 15 billion.

Tong Zhelan was not too satisfied. She would definitely negotiate the offer to around 2.5 billion after July.

Once the price of 25 billion is agreed upon.

That 60% stake is equivalent to raising 15 billion in an IPO.

After they got their hands on the money, the remaining stock issuance was the responsibility of the two securities companies.

In other words.

The two securities firms used 15 billion to buy 60% of the shares they held.

The higher the stock price is sold, the more money they make.

If the price falls below the issue price, then shareholders will lose money.

They are just middlemen and don't take on much risk.

to be honest.

It means that the securities company buys 60% of the shares from them, and then uses these shares to issue new shares.

Ultimately, these shares will reach millions of individual shareholders; the brokerage firm is the one that blocks the middlemen.

Chen Pingsheng doesn't need to worry about that.

With 15 billion in hand, they all have to give up 60% of their shares.

For example, the 8% stake he gave to Zhao Liying.

After completing this IPO, she will only have 3.2% left.

The other 4.8% is all going to be given up.

She will receive 1.2 million yuan in cash in return.

Of course, the money wasn't free.

Throughout this process, she also needs to continue endorsing Bobo Milk Tea to ensure that its stock price continues to rise after the company goes public.

As for Yang Mi, she owns 15% of Bobo Milk Tea's shares, and the shares she is going to give up directly amount to 9%, which would bring her a profit of about 2.2 million yuan.

Tong Zhelan went to great lengths to find resources in Hong Kong, and then launched Bobo Milk Tea on the market.

That's because she owns 30% of the shares, and she has to give up 18%.

The one-time investment income was approximately 4.5 million.

The remaining 12% of the shares can be cashed out later through the stock market.

If the company can go public, this wave of revenue will amount to six or seven hundred million.

This is a very successful investment case. That's why investors want companies to go public.

A single investment can recoup several times or even a hundred times the initial cost.

Relying on profits?
That would be a long time coming.

……

It will be at least a few more months before Bobo Milk Tea goes public.

Chang Fu wanted to learn about this mainly because Yang Qian had acquired a 5% stake there.

Once the IPO is completed.

Yang Qian can also easily achieve financial freedom by relying on this share.

This is the allure of the capital market, and the reason why countless people flock to pursue listing.

The private tea room has a very comfortable environment, with two large crabapple trees visible through the floor-to-ceiling windows.

A gentle breeze blows, and the branches are still swaying.

Besides the success of Bobo Milk Tea, Hua Qiangu's related products are also selling like hotcakes.

These are the sales figures now.

This far exceeded the expectations of his classmate in the CEO training program, toy tycoon Hu Ding.

The main reason is that Hua Qiangu is too popular.

Not only is the Duan Nian co-branded milk tea launched by Bobo Milk Tea a hit in the market.

Those are the related toys.

Sales of items such as Tangbao dolls, Gong Ling, Duan Nian sword, and Hua Qian Gu's costumes have all skyrocketed.

As Tong Zhelan had anticipated.

The sales of these peripheral products are likely to reach over two billion.

You should know that they sell these products online at high prices and low costs.

The gross profit margin is around 80%.

In other words, the cost is only 20%, which is the profit margin of copyrighted products.

Chen Pingsheng can also earn a considerable income from this.

The seeds sown last year will be harvested this year.

Sipping tea in the courtyard while money keeps flowing in—only those who have experienced this can truly understand.

As for his other businesses...

He no longer needs to manage Tengsheng Fruits much, and the fresh produce team also came from there. They are still slowly opening stores and absorbing that 100 million yuan investment.

As for Teng Hui Department Store...

There's a store not far from where he goes, so it's very convenient for him to buy things there.

He's living a very comfortable life.

On the other side, Liu Fen was so shocked by the loss that she and her relatives went to chat in the living room.

This is a room where you can sit.

It really felt like discussing important national affairs, with wooden floors, six old-fashioned sofas arranged in a semi-circle, and a small wooden cabinet next to each sofa.

Place an enamel mug on top, and outside the French windows is a beautiful crabapple tree.

Just imagine how that feels, isn't that an exaggeration?

The reception room is mainly used for business receptions, and Liu Fen is holding Chen Xinyi here.

Her old friends all look like wilted eggplants with melancholy expressions.

"Sis, why don't you go ask your son-in-law what's going on with the stock market right now?"

"Yeah, the stocks I bought have all dropped by more than half in such a short time."

"Sigh! It's a long story."

Liu Fen was also overwhelmed, but she just had to put on a brave face. Don't be fooled by how exaggerated they sounded; the total cost of everything they said wasn't even enough for one bathroom in this house.

“My son-in-law also bought 50 million yuan worth of Vanke shares, and he’s holding them without touching them. There’s no need for us to be in such a hurry.”

"Can we even compare to him?"

Third Aunt said, "Do we need to explain your son-in-law's current situation? This big compound is full of people living in Beijing. It wouldn't have been possible to buy it without several hundred million."

“Exactly. Look at the room he installed for Chen An. After taking a look, I felt that my own home wasn’t even a proper bare shell.”

"Didn't you hear Yanxi say that the renovation alone cost 100 million yuan, not including furniture and appliances?"

“Even if you pluck a single hair from his body, it would be thicker than all of us combined.”

It's not a pleasant thing to say, but you have to admit, what they said is absolutely right.

"Speaking of which, Chen Pingsheng is really quite impressive now. Don't be fooled by how much money he spent on this courtyard; he's even gone to check out the Tenghui Department Store outside."

Third Aunt exaggeratedly said, "The business inside is really outrageous. It's a department store of several thousand square meters with everything. I only found out today from Shuiqing that it was all invested in by your son-in-law."

"This is nothing. He bought all those storefronts inside."

Liu Fen said, "My son-in-law plans to inherit Tenghui Department Store when An'an grows up, so he bought all the storefronts for her."

"Tsk tsk tsk... How much does this cost? Such a large storefront."

"It's just a few hundred million. So far, only four companies in Beijing have invested, which is just a little over a billion."

Third Aunt was completely dumbfounded; Liu Fen's tone was incredibly relaxed.

Over a billion?

When have they ever heard of numbers in the hundreds of millions, let alone heard them so easily?

It's very exaggerated.

“It’s only been a few years, and your daughter has become so successful. Even you live in a house like this. You really don’t have to worry about anything in your old age.”

Needless to say, the topic has gone a bit off.

Her son-in-law's family is her son-in-law's family; it has little to do with her.

At most, it means that if anything happens, there will be no need to worry anymore.

They chatted back and forth.

Third Aunt still asked her daughter, Song Shuiqing, to inquire with Chen Pingsheng.

Is Vanke stock reliable or not? Under these circumstances, is it still worth holding onto it?

Chen Pingsheng seems to have forgotten about this matter. He now has 100 million yuan in his hands, and Vanke has fallen to the bottom again.

According to Tong Zhelan, they were just one step away from raising their placards. Once they started raising their placards, it would be tantamount to a public declaration of war.

This will inevitably trigger stock market turmoil, and there is even a high possibility that multiple parties will clash.

In this situation.

Taking advantage of the opportunity to buy at the bottom is a good chance.

Since Chen Pingsheng hasn't had many opportunities to spend money lately, he might as well use this money to buy Vanke shares at a low price.

Treat it as a short-term investment.

After Song Shuiqing told Liu Fen the news, Liu Fen slammed her hand on the sofa and said aggressively, "Let's go all in on Vanke."

My third aunt gritted her teeth and thought it was a pretty good idea to take this risk.

The main reason is that he invested over 100 million yuan there; it would be impossible for him to lack confidence.

With tens or hundreds of thousands of dollars, what is there to be afraid of?

Buy the dip.

of course.

Recently, many people have had the same idea as them. The only difference is that they copied Vanke, while others copied delisting.

Vanke's stock price has also dropped rapidly recently, which is clearly due to the other party's actions before reaching the threshold for disclosure.

I have always been very careful.

Once the line for raising placards is crossed, that's when the real battle begins, with everyone openly admitting their intentions.

Then there was no chance of turning things around.

One side is desperately trying to push the price up, while the other side is desperately trying to protect it.

At this time, the amount of money involved is often in the tens of billions.

He was quite curious.

This is a stock market offensive targeting the country's leading real estate group.

What will the final outcome be?

Consider the 1.5 million as a ticket to watch the show.

This is like the World Cup; if you don't buy any tickets, what's the point of watching the World Cup?
If you bet thousands or tens of thousands on a single game, the noise from the crowd will be louder than anyone else's.

That's the real charm of the World Cup.

(End of this chapter)