Returning wealthy individuals develop their hometowns and become rich in the 1980s
Chapter 311 I'll Round It Up for You
After getting the results and advice he wanted from Chen Dong, Chen Zaixing took the business card Chen Dong gave him and got into the car parked outside the Jinbu construction site. He planned to go back to Huaxingsheng Supermarket first and tell his fourth brother, Chen Zailong, about his plans to go to Shenzhen and Hong Kong in the near future.
Moreover, Chen Zaixing had to go through some procedures and documents to be able to go to Hong Kong under the guise of doing business.
Upon arriving at the general manager's office of Huaxingsheng Supermarket, Chen Zaiguang, the eldest brother, was also there. He was having tea with his fourth brother, Chen Zailong, and Li Renfa. When Chen Zaixing entered, Li Renfa greeted him with a smile, "Zaixing, where have you been all day? Director Dai from the Urban Construction Bureau came by earlier, but left after sitting for a while when he saw you weren't there."
"Director Dai is here," Chen Zaixing said, sitting down next to Li Renfa. "Did he say anything?"
"No, I just came over to see you weren't here. I had a few cups of tea, chatted with Brother Zaiguang for a bit, then said I had to leave because of some business at the station," Li Renfa offered Chen Zaixing a cigarette. "Is something wrong?"
Seeing that everyone in the office was a close friend, Chen Zaixing didn't mince words and said directly, "Well, I plan to set up a construction company. The district will provide the land, and I'll provide the money. We'll jointly build a residential complex, and then we'll give those 100 apartments that the district cadres need. I'll sell the rest!"
Chen Zaiguang paused, his hand holding the cigarette still, and looked at Chen Zaixing, asking, "When did you talk to the district government? Where do you plan to build it? How big is the land?"
Chen Zaixing pointed out the window, "I've been planning to build a residential complex next to our supermarket for a long time. Ever since our supermarket started construction, I've been thinking, given our supermarket's prime location, if we don't seize this opportunity before any competitors emerge, we'll just be doing someone else's work for free!"
"This 20-plus mu (approximately 3.3 hectares) of shantytown next to our Huaxingsheng Supermarket will be developed into a residential complex. As long as the district approves, I'll go to Hong Kong and hire a professional designer to plan it out. Then I'll apply to the district to build a school around the complex," Chen Zaixing said confidently. "Big Brother, Fourth Brother, just think about it. It's only a ten-minute bike ride from Huanghe North Road to the District People's Hospital. Once the complex is built, we'll get the District Transportation Bureau to arrange a bus route for it. Wow, the land price will skyrocket!"
Chen Zailong wasn't very familiar with these matters. Being a more cautious person, he was somewhat worried about Chen Zaixing's boastful words and asked, "Fifth Brother, where will you get the money? Besides, will the district agree to this? With the current policies, if you want to do it this way, the higher-ups won't allow it, so why would the district give you the green light?"
Chen Zaiguang didn't rush to express his opinion, but listened while smoking. Chen Zaixing laughed and said, "Fourth Brother, Shenzhen has been doing this for a long time. If Shenzhen can do it, why can't we in Tuocheng? We're both special economic zones. Besides, our Nanshan District has now been included in the special economic zone development area by the central government. What's wrong with that!"
"Did you ask A-Dong?" Chen Zaiguang said when he saw Chen Zaixing say this. "Whether it's possible or not isn't something you can decide just because you think it's possible! The country has its own policies; can you make decisions for the country?"
Chen Zaixing chuckled, "I just asked Adong, and he said it's feasible. District Chief Feng is obviously supportive, but Secretary Lin is a bit hesitant. The city is also watching and waiting to see what the situation is like in Shenzhen. They haven't made a decision yet. Adong said he'll ask the municipal party committee for me when the time comes."
After hearing Chen Dong say it was possible, Chen Zaiguang stopped objecting and asked, "So you plan to start a construction company all by yourself? Where will the money come from? Will you take out a bank loan again?"
"Big brother, are you interested? If so, let's do it together. As for the money, didn't you and A-Dong establish our Chen family's 'Oriental Fund'? I plan to have someone write a business plan and apply to the fund to exchange 20% of the equity for the fund's two million investment," Chen Zaixing said with a smile, revealing his plan.
Chen Zaiguang was so angry at Chen Zaixing's words that he laughed. "There's only one million in the fund, and you really dare to apply for two million all at once. Adong and I will have to take out more money."
Chen Zaixing just chuckled and sipped his tea. Chen Zaiguang continued, "Since you're planning to apply for funding from the foundation, I won't participate. See if the second and fourth brothers want it."
Upon hearing this, Chen Zailong chuckled and asked Chen Zaixing, "Fifth brother, your fourth brother doesn't have much money. The only savings I can offer are around 300,000 yuan. How many shares do you think I can get?"
"If it's 300,000," Chen Zaixing calculated for a moment, "Logically, I can only give you 3% of the shares, Fourth Brother, but since you're my Fourth Brother, I'll round it up to 10%!"
"Wow! Fifth brother, you're really generous!" Chen Zaiguang laughed heartily. "Then I'll also give you my two brothers a heads-up and contribute 300,000 for a 10% stake!"
"Alright," Chen Zaixing agreed with a hearty pat on his chest, "But Big Brother and Fourth Brother, we'll have to sign an agreement. If you ever plan to sell your shares in the future, you'll have to get my approval first. Only if I don't want them can you sell them to outsiders. Otherwise, don't blame me for turning against you as your brother!"
"What are you saying? When the time comes, if you want it, your fourth brother will just return the shares to you. Don't talk about money," Chen Zailong said directly, valuing brotherhood.
Little did he know that in the future, Huaxing Real Estate, a company established by Chen Zaixing and jointly owned by Oriental Fund and the three Chen brothers, would have a market value of hundreds of billions. His 10% stake alone would be worth tens of billions!
"That won't do. What do you mean by not paying it back? Even brothers have to keep clear accounts. Besides, you contributed 300,000. How could I take your shares for nothing, Fourth Brother? What would that make me!"
Chen Zaiguang listened to his two younger brothers talking with a smile. Remembering that Dai Weiguo, the director of the Urban Construction Bureau, had come specifically for this occasion, he asked Chen Zaixing, "Since Director Dai came today, it doesn't mean the district has changed its mind, does it? Do you want to go check on Director Dai?"
"No need. I think he came here to ask for my opinion. Director Dai is having a hard time right now, being blocked at the door every day by those cadres waiting to be allocated housing," Chen Zaixing said. "A Dong gave me this business card and told me to go to Shenzhen and Hong Kong to take a look first. I plan to go there in the next few days."
Chen Zaiguang took the business card and saw that it only had a name and a phone number on it. As for the person's position, the company they worked for, or even their address, there was nothing at all.
If anyone else had just given him this business card, Chen Zaiguang would have just picked it up and thrown it away. But since it was from Chen Dong, it was different. The people Chen Dong could get in touch with were all big shots in the business world. Looking at this business card now, he felt a sense of weight.
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