Chapter 433 Green Diamond

After fermenting for a few days, the number of real estate developers who proactively came to his door was far less than the number of bank representatives.

In addition, there were construction companies, building material companies, design firms, surveying companies, renovation companies, landscaping companies, and so on. A large group of people often waited outside Su Yehao's assistant's office, all wanting to get a piece of the pie from the Kai Tak Digital Port project.

These were issues to consider after acquiring the land.

When Deputy Dean Zheng Yongwen saw Su Yehao again, he sighed and said, "I fell for your trick. The task is more troublesome than I imagined. Those developers hold a large amount of land. The houses built before the bubble haven't been sold yet, and there are also many discounted properties on the market due to bankruptcies. Reliable allies are hard to find. They only want to invest a small amount of money and continue to wait and see. They were all scared by last year's big drop and haven't completely escaped the panic."

Standing and talking doesn't hurt his back, Su Yehao joked, "Are you already having trouble with such a small setback? When did you lose your dream?"

Zheng Yongwen flattered him by saying:

"When I agreed to cooperate with you, you were at least one of the richest people in Asia… no, the world. I've already contacted the potential investors I could reach, and I still got turned down a lot. The rest is up to you. If people know that we're not making progress, the entire project may collapse. The higher-ups are already a bit skeptical of your abilities. Just because you can run an internet company well doesn't mean you can develop such a large piece of land."

Su Yehao waved his hand and calmly replied, "Don't forget, real estate is my Su family's old business. When he heard that I was so ambitious, my old man was quite happy. He's always worried that I'll mess up my business and can't wait for me to invest all my money in the real estate market. The Bank of China has replied to me that if I use the land as collateral, getting a loan of 10 billion Hong Kong dollars won't be a problem. President Peng traveled back and forth to Si Jiu Cheng (Beijing) twice in five days, and I heard he almost slammed the table with the senior president."

Deputy Dean Zheng Yongwen's personality wasn't optimistic or cheerful. He only seemed slightly more positive when facing interviews. At this moment, he poured cold water on the idea and said, "A large loan of 10 billion Hong Kong dollars, even if there's only a 0.01% bonus, is still a lot of money. They might not be wholeheartedly helping you."

"Don't worry about that. Anyway, I can scrape together 20 billion Hong Kong dollars. My investments on NASDAQ are still rising. Who knows, I might not even need a loan. With me taking care of this major part, the rest shouldn't be a problem, right?"

After hearing Su Yehao's words, Zheng Yongwen visibly relaxed a lot. He smiled and said, "With that guarantee, it's basically stable. After another negotiation yesterday, they were racking their brains over the roads, landscaping, and parks. Someone calculated that the bearing capacity of the runway isn't enough, and a large area of land will be used to build parks. If the land sale brings in 20 billion, at least 4 billion will have to be used for infrastructure. Who will pay for this money is also a problem."

Without even thinking, Su Yehao continued, "Since they're afraid of paying, then give me more residential building area. Wouldn't that solve the problem?"

What he meant was that if the planned residential building area was 800,000 square meters, and the land transfer price was 20 billion Hong Kong dollars, then they should increase the residential building area to 1 million square meters now, and sell it for more than 20 billion later.

The higher-ups wouldn't lose anything, but the money they received would increase. It was undoubtedly a convenient solution.

"...Young Master Su is willing to spend more money, then it will be easier to handle."

Deputy Dean Zheng Yongwen coughed twice. At this moment, standing on the Four Seas International yacht and looking at the high-rise buildings in Central on the shore, he added, "They're starting to consider the cost of infrastructure, which is barely good news, meaning they've seriously discussed your proposal. However, now that they're starting to think about collecting money, it also means that the possibility of choosing Plan B is higher. They can get a sum of cash now, and the land for the helipad can be developed slowly in the future."

With the Bank of China willing to provide funds, there were also many other bank representatives who proactively came to his door. If most of them took land as collateral, Su Yehao only needed to pay a small portion himself, so the financial pressure wouldn't be too great.

Therefore, Su Yehao was generous and spoke in a hearty tone, saying, "Whether it's A or B, just get it done as soon as possible. It's not like building a wafer foundry. It's simple, really..."

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After the two briefly talked, Zheng Yongwen once again had a clear understanding.

In the blink of an eye, a few more days passed, and a plan based on Plan B was freshly released.

The content roughly stated that it would cost 23 billion Hong Kong dollars to obtain approval for a total construction area of 1.49 million square meters, including the Digital Port and residential land, with a lease term of fifty years.

Hong Kong City's land adopts a lease system, only leasing and not selling, but the buildings on the land are privately owned, so the lease term issue doesn't actually have much impact.

The total area of the runway is more than 1,700 mu (approximately 280 acres), and the overall planning and design will focus on low-density buildings.

The higher-ups will pay for the greening and infrastructure, while Su Yehao's side will pay for the wharf, parking lot, and so on, and will have the right to operate and manage them. The park will be a public facility and will be open for free.

Unlike the Li family's nitpicking and scheming, this time Su Yehao's plan was quite sincere, and the negotiation speed was relatively fast. A few days later, the formal discussion and review began.

It should be because the higher-ups are particularly short of money, so the efficiency was unusually fast this time.

The speed of progress exceeded everyone's expectations...

Unconsciously, time entered May.

On May 6th, Su Yehao and the official representatives jointly held a press conference.

Zhao Yimeng's father, He Shaofan's father, and others also came. They were all partners in the project, involving a total of sixteen companies, with investment amounts ranging from 100 million to 2 billion.

Sun Hung Kai Properties spent 2 billion Hong Kong dollars, which was indeed generous.

This time, Donghuang Group gritted its teeth and took out 800 million Hong Kong dollars of its assets. He Shaofan's father took 350 million Hong Kong dollars, and there were some other investors, with varying amounts of investment. Wharf took out 1 billion Hong Kong dollars.

According to the final agreement, it cost 23.5 billion to obtain approval for a construction area of 1.49 million square meters, with a lease term of fifty years.

Zheng Yongwen and Su Yehao only raised 6.7 billion Hong Kong dollars from outside, and the rest was borne by Su Yehao.

After the news was announced, the opening ceremony of the new company followed closely.

The name was personally chosen by Su Yehao, called "Green Diamond Group." The logo was a green diamond with a red lightning symbol drawn inside. It would lead the development and management of the Kai Tak Digital Port project.

In the future, if he was in a good mood, there might be pink diamonds, black diamonds, yellow diamonds, and the like.

Regardless of what the other partners thought, Su Yehao felt that he hadn't messed up the name this time. It was both green and prestigious. He held 75% of the shares in this new company.

In other words, it would cost Su Yehao 17.625 billion Hong Kong dollars to buy the land, and other shareholders would contribute 5.875 billion Hong Kong dollars.

The other shareholders still had more than 800 million left over, and Su Yehao would also have to take out more than 2 billion Hong Kong dollars later, all of which would be used as start-up capital to first develop the Digital Port's office buildings, hotels, and commercial complex projects.

The consensus of all the shareholders was that the residential land should be suppressed and construction should only begin after the real estate market recovered, to avoid low profits.