Chapter 220 "Thousand-Core City"

　　The Su family has always been a respectable business.

　　Moreover, it's still 1999, and as the undisputed richest family in Casino, they can get preferential treatment on many minor issues.

　　For example, the "Thousand-Core City" project.

　　The land in Qianhai, Peng City, isn't too critical—just a piece of mudflat reserved for future use.

　　In addition, it involves large investments, and these are high-tech and real estate projects that the higher-ups are paying close attention to, resulting in a green light for approval documents and extremely high efficiency.

　　The office building land is expected to be calculated at the lowest price, and the factory land will be half-sold and half-given away. Even if you spend money to buy land now, you can offset it later in the form of investment subsidies and tax reductions.

　　Even the matter of jointly establishing a city investment and development company has already been privately said to be approved in principle, but some details still need to be discussed.

　　For example, they hope that Su Yehao will initially spend more money to buy land, and then use the money from selling the land to reclaim land from the sea for infrastructure construction.

　　Peng City is under construction and development everywhere, and funds are tight.

　　In fact, it's not just Peng City that is short of money, but the whole country. In the past few years, countless companies have gone bankrupt or closed down.

　　The bad debts of banks are so large that they have to find a way to establish four asset management companies to specifically solve the problem of non-performing assets of the four major banks. The total amount of non-performing loans is about 3.2 trillion yuan, second only to Japan, which is economically stagnant in Asia.

　　Foreign institutions have also specifically analyzed that the proportion of non-performing assets of the four major banks may exceed 40%, or even 50%, which directly leads to foreign financial institutions not daring to enter the mainland, and not many people dare to hold RMB assets.

　　Compared with this, many of the so-called crises in later generations are not even minor troubles. It can only be said that people have become accustomed to good days and have gradually become delicate.

　　In this situation.

　　Su Yehao and his father have repeatedly invested heavily in the mainland market, which can be said to be both meritorious and hardworking, and can play an exemplary role in the entire Southeast Asia, or even in Asia and the world, which is extremely helpful in boosting market confidence.

　　Therefore, the documents concerning the Thousand-Core City project can be approved all the way, and all urban planning and land auction regulations are not blocked, and special affairs are handled in the name of high-tech industrial parks.

　　This approach can be regarded as having precedents to follow. When the Qu family in Hong Kong developed Nansha in those years, the procedures were particularly smooth.

　　It's just that after all, it's no longer the 1970s or 1980s. This park is mainly led by Su Yehao, and other powerful companies can also participate in it at that time...

　　——————————

　　In Si Jiu City.

　　The team leader saw that the Thousand-Core City project was in sight, so he made a phone call to Su Yehao in the morning on the west coast of the United States, as if to claim credit.

　　A few minutes ago, Su Yehao had just found an opportunity to have a phone call with Nong Qingying, who was far away in Japan, and was in a good mood.

　　When he learned that the plan would be approved as early as mid-next month, he was both happy and headache, mainly because the funds had not yet been in place, but the higher-ups hoped that he would buy more commercial and residential land, and then use the funds to reclaim land from the sea, build roads, and build docks for special purposes.

　　After understanding the general situation, Su Yehao asked someone to send the documents to his mailbox, which listed some controversial parts.

　t land is concerned, there is nothing to say. It is estimated that the money from selling the land in the early stage will have to be reinvested, and there is not enough face to force people to make concessions.

　　The current point of contention is mainly focused on outside the plan... Some people hope to take the opportunity of his entry into the field of wafer foundry to solve some non-performing assets and legacy problems, such as Huajing Company, which has been preparing for seven years and is behind as soon as it is put into production and has suffered serious losses.

　　In addition, there is also Huahong Company, which has just been put into production and has also suffered heavy losses. Its performance is also not good. Even if it adopts relatively advanced Japanese technology, it is only barely qualified.

　　Huahong only hopes that he will help, while Huajing plans to sell it at a low price. It lost more than 100 million yuan last year and has fallen into bankruptcy.

　　Su Yehao didn't know the situation, so he called Zhang Rujing, who had already gone to Texas Instruments for inspection, and asked about the general situation.

　　After listening, Zhang Rujing told him on the phone:

　　"Actually, last year I was invited by someone to help in Huajing to improve their yield rate. Later, the island didn't allow helping to improve the mainland's semiconductor industry to avoid cultivating competitors, and forcibly stopped all the projects, so I was transferred away."

　　"Huajing approved it for two years, spent three years introducing technology, and spent another two years building it. I think the Japanese side deliberately delayed the time in order to avoid the COCOM restrictions. Their export of semiconductor technology to the mainland generally has to be approved according to the n-2 principle, that is, two generations later than the most advanced technology. Plus, they continue to delay the time. By the time they get the technology and equipment, they are usually three to four generations behind the most advanced level. It would be strange if they could make money."

　　"Huahong in Hu City learned a lesson and accelerated the speed of approval and construction. Unfortunately, as soon as it was put into production, it encountered a slump in the price of DRAM memory chips. In my opinion, it is also possible to acquire it. A batch of workers and equipment can be used, and the factory building is also ready-made. You only need to update and replace the equipment. However, I suggest that when you invest, the first wafer foundry is best placed in Hong Kong, so that you have the opportunity to avoid COCOM's idleness. I am worried that others will play tricks..."

　　After listening to this, Su Yehao had a general idea in his mind and told him:

　　"Okay, one step behind, every step behind. It sounds really tricky. I'll ask people to ask Hong Kong's opinion later. It's okay to accumulate some experience first. Please also pay more attention to the joint research and development of lithography machines, Mr. Zhang."

　　"It should be, it's my duty. If I can see the boss of TSMC with a black face, I'll be quite happy too. That old man doesn't like me." Zhang Rujing laughed.

　　……

　　Many plans were brought forward.

　　Su Yehao felt that he should hurry up and get some cash back.

　　As for continuing to invest in Nasdaq internet concept stocks, it can actually be done with options and futures. The disadvantage is that the risk is slightly higher, but there is still a chance to continue making money.

　　After checking the Yahoo stock price trend in the past two years, he hesitated again and again, and decided to cash out a batch of shares first, accounting for a total of 2.73% of Yahoo's total share capital, which is expected to be able to cash out about 1.4 billion US dollars.

　　If someone is willing to pay a premium, he may be able to sell more money. With the current hot market, there is no need to worry about no one willing to take over.

　　This kind of transaction is easiest to find buyers through investment banks, funds, and consulting companies. Su Yehao called Lin Youfeng, the vice president of KOKO Ventures, and asked him to release the news first.

　　It just so happened that the news that Yahoo tried to acquire Google for 1.2 billion US dollars but was rejected by Su Yehao was raging in the market. This time, his choice to "break up" with Yahoo seemed reasonable.

　　After making this decision, Su Yehao thought he would feel heartache, but he didn't.

　　Although he knew that Yahoo still had the potential to continue to rise, the room for growth was not large at this valuation, so there was no need to care too much.

　　Taking the money to add leverage and go long on the Nasdaq stock index futures is likely to exceed the profit brought by continuing to hold Yahoo. If he is really ruthless and waits until the stock price soars to the sky, there is also a risk that no one will be willing to take over.

　　Therefore.

　　After careful consideration, Su Yehao called Lin Youfeng again and told him:

　　"By the way, there is one more thing. If the buyer's offer is suitable, please help me sell the other 2% of Yahoo shares as well. The transaction should be kept as low-key as possible to avoid causing Yahoo's stock price to fall. Wait until it is sold before publicizing it..."