Huayu: The Big Players Behind the Scenes

"Wait while I look for it."

Han Sanping opened the safe without any hesitation and pulled out a thick reference book from the bottom of a pile of documents.

"This is all the fixed assets under China Film Group Corporation. Some of them were taken over from Beijing Film Studio and Youth Studio. Take a look yourself. If you see anything you like, I will send the company's appraiser to assess its value."

This can be considered a way to reduce the burden on state-owned enterprises.

Tsk, Han Sanping's opening remarks reveal him to be a former state-owned enterprise leader.

Zhuang Huai'an smiled and took the document, then began to read it.

Goodness, that's why they say even a starved camel is bigger than a horse. This thick stack of documents not only includes the location of fixed assets, but also many corresponding photos.

And sure enough, he found a suitable one.

"Hey bro, what's going on with this building?"

Han Sanping followed Zhuang Huai'an's finger and looked over, then exclaimed in admiration, "Good eyes! You found the most expensive one right away."

According to the information, it is a four-story building with a floor area of ​​530 square meters, located on the left side of the entrance to Qianmen Street, and it is also the first building there.

"Forget about this place, let's find another one."

"How so?" Zhuang Huai'an asked, somewhat puzzled.

Han Sanping explained, "Qianmen Street has already been approved for renovation. The project is called the Olympic Renovation Project. Just by hearing that name, you can tell how troublesome it will be to take it on."

"Does that mean it's only for rent, not for sale?"

"Pretty much. The entire row of buildings along Qianmen Street belongs to major state-owned enterprises. Assets like these that can generate stable revenue are treasures to these companies, like hen laying eggs."

"Understood,"

Zhuang Huai'an nodded and continued flipping through the pages. He didn't insist, but the reputation of Qianmen Street was so great that it made him a little curious.

He looked at it for a while longer, but still had no idea what to do.

"Brother, I'm completely stumped. Could you help me figure it out?"

"I'm thinking about this too."

Han Sanping lit another cigarette, flipped to the beginning of the reference book, and pointed at it with his finger.

"This place, Jianguomenwai Street, is a prime location, adjacent to Jingchengtai and Baosteel Building. This land was originally the site of the Beijing Art Center. Last year, Mr. Yang of Yinghuang wanted to acquire it and build it into the mainland headquarters, but he did not obtain the demolition and renovation permit, so the matter was dropped."

Zhuang Huai'an looked over and was immediately delighted.

He had long planned to acquire a plot of land to build an office building. In the future, 91 Company would be much more than just a film and television company. The current three small buildings were already insufficient to meet the office needs.

What a coincidence!

"Hey bro, is it hard to get the permit for this land?"

"It's a bit difficult for Boss Yang, but it would be a piece of cake for you."

Han Sanping's smile was meaningful, and Zhuang Huai'an immediately understood. Jianguomenwai Street was a prime location, and although Boss Yang's heart was set on the mainland, those who knew understood, and those who didn't could only guess.

"Alright," Zhuang Huai'an pondered for a moment, "I'll take this land!"

"Just so you know,"

Han Sanping reminded, "The total area here is 8200 square meters. If it is to be built as a commercial office building, there can be a maximum of 20 floors above ground and only 2 floors underground for civil defense and parking. In addition, there are some family buildings for the art center. The land price and demolition and resettlement costs given by the cost estimators were HK$5.3 to HK$5.5 million."

"It's alright, I'm quite wealthy!" Zhuang Huai'an patted his chest, looking every bit the rich tycoon.

"I know you have money, I just want you to think it through," Han Sanping glared at him irritably. "We can't cross the line between public and private matters."

"There are a few, there are a few," Zhuang Huai'an smiled, still somewhat unwilling to give up, and asked, "The one on Qianmen Street, really can't be sold?"

"It's really impossible."

Han Sanping shook his head. "Those shops are positive growth assets, unlike these old and dilapidated places that need renovation. Not to mention me, a vice director, even the top leader wouldn't dare to sign off on it."

"Alright, here comes another problem. I want a place where I can move in immediately. This piece of land will take at least a year or two from demolition to handover. It's not a solution for my immediate needs."

"There's really no way in the short term unless you buy an existing one at a premium, but that's still a contract transfer, and the land still belongs to someone else."

Han Sanping also expressed some helplessness, "Nowadays, cinemas are paired with shopping malls and other CBD facilities as supporting facilities. And I can tell you that Wanda is also preparing to enter the market. As the most popular real estate developer at present, they will not miss this piece of the commercial puzzle."

"Since that's the case, let's just leave it to fate."

Building a movie theater chain is not something that can be done overnight. Acquiring this land today is an unexpected bonus.

After finishing his business, Zhuang Huai'an got up to take his leave.

"Brother, let's settle on this for now. Have someone bring the documents over later, and we'll do whatever we need to do."

"Okay, I'll have someone prepare it and send it over." Han Sanping escorted the two to the door.

Back to Company 91

Zhuang Huai'an immediately approached Wang Cuiying.

"Daqian, what's wrong?"

"Auntie, I'm planning to buy a plot of land and build a house. How much money do we have in our joint account?"

Without hesitation, Wang Cuiying replied, "18 billion RMB, 1.7 million USD in foreign exchange, and 7000 million EUR."

"What about the candy filling side?"

"3.6 million US dollars."

"That many?"

Zhuang Huai'an was somewhat dazed. Since his aunt came, he hadn't worried about the accounts. If his aunt was up to no good, then he would accept it.

"Aunt, that piece of land is worth 5.5 million RMB. Including construction costs, I estimate it to be around 15 billion. What do you think is the best way to allocate it?"

After thinking for a moment, Wang Cuiying replied, "Not a single one of the 7000 million euros will be left, along with 5000 million US dollars, and the rest will be paid in RMB."

Why?

"Although the euro has a high exchange rate, it's not actually very useful to us, but the country needs it, and the same goes for the dollar, and..."

Wang Cuiying said calmly, "This is also our way of showing sincerity."

Zhuang Huai'an nodded. His aunt, as expected of someone who had received reform... cough, education, had a very clear understanding of the situation.

That's true. The main reason is that 91 Company is just a film and television company, not a business in the real economy. It doesn't need to purchase anything from outside. These two foreign exchange payments were from the revenue of selling copyrights, and they were put into the public account and never touched.

Since that's the case, it's good to appease the parents.

"Okay, then I'll leave this to you."

"Okay, do we need to assemble another acquisition team? I have a few friends in Henan Province who are very knowledgeable in this area."

"Of course, Auntie, you can decide for yourself." Zhuang Huai'an agreed without hesitation; this was the most precious thing in the 21st century.

"Okay, I'll contact them."

"Wait a minute, Aunt, there's something else."

Zhuang Huai'an stopped him for a moment, "Our next focus is on cinema construction. You have friends all over the country, so you can help inquire about local cinema facilities. If there are any that are willing to sell or transfer, we can negotiate. Of course, it would be best if they were sold along with the land."

Are there any regional requirements?

"Ideally, it should be a provincial capital or an economically strong city; pay more attention to cities in the Yangtze River Delta region."

"Understood, I will follow up."

Wang Cuiying nodded and left decisively.

Zhuang Huai'an watched her retreating figure, his heart filled with emotion.

My cousin, what a great woman!