Chapter 156 Low-Price Bargain Hunting

Having just seen Zhao Yimeng off, Nangong Tian returned after waiting for more than ten minutes.

He continued sitting in the chair and poured her tea into a new cup.

Su Yehao asked, "Did you buy the decorative paintings? I suddenly realized that the walls in your house are all stone. They won't go out of style for twenty or thirty years. It's quite convenient to change the carpets and furniture from time to time."

"I bought them. I asked the merchant to find a batch of oil paintings in the mainland. They're very cheap. Anyway, some guests like to mess things up after drinking too much. It's better not to buy something too expensive, since it'll have to be replaced eventually."

Nangong Tian originally wanted to pretend to be generous, but after a while, she couldn't help but tentatively ask, "What did Zhao Yimeng want from you?"

Su Yehao smiled and said, "Of course, it was about a marriage alliance."

"Tch, I don't believe it."

Although she said she didn't believe it, there was a subtle change in her expression. The status of the Zhao family in Casino was what it was, and she had to admit that they were a better match for the Su family.

After all, my Hao-ge is so outstanding. In Nangong Tian's mind, marriage alliances were entirely possible.

Seeing Nangong Tian's expression, Su Yehao immediately guessed that she was thinking wildly again, and continued, "It was just about some business matters. Donghuang Group is in a bit of trouble and plans to sell some assets, so they wanted to ask if my family is interested."

"What trouble could her family encounter? Oh, the real estate market is plummeting, which is indeed a headache."

After the little girl finished speaking, Su Yehao sighed softly and said, "I've already told her the solution, but Miss Zhao doesn't seem to have taken it to heart. The price of houses can't go up, and there are few people willing to buy them. Donghuang Group owes the bank a lot of money, and the interest on the financing alone is enough to give them a hard time. This time, they should lose a lot of money."

In the end, it was just someone else's business. Nangong Tian didn't gloat or pay much attention. She only asked, "What assets is her family planning to sell? Do you want to help?"

"It's not really helping. The prospects and prices of some projects are quite good. It's like a low-price opportunity to pick up bargains."

He handed the documents to Nangong Tian.

He was considering talking to his old man later to seriously discuss this matter.

For example, high-end residential land on Taipa Island and a commercial office complex near the Lisboa Hotel. Su Yehao felt that once he got his hands on them, he could earn a lot in the future, and they were very suitable as stable core assets for long-term holding.

Back then, when he didn't have any money, he persuaded his old man to buy that three-story building near the Ruins of St. Paul's. It didn't take much effort, just like Huang Zewen's old man, Huang Jinfei, who loved to take advantage of things.

Businessmen are quite shrewd when they need to be, but they're also easily fooled.

Once he found out that he could pick up a bargain from Donghuang Group, it was estimated that Father Su himself would be tempted.

Not only was the price cheap, but he could also take the opportunity to curry favor with the Zhao family.

Considering that it was difficult to persuade the old man to throw money into the internet sector, Su Yehao felt that appropriately increasing his family's debt ratio was equivalent to earning more money in the future, no matter how he looked at it.

Don't think that the Su family has been planning several major projects in the past six months. In fact, the money spent was exchanged for assets, and the assets themselves were still valuable. In addition, with the bank taking the initiative to support them and investing funds in batches during development, Sihai International's cash flow was still quite abundant.

Under the shadow of the financial crisis, it was a good time to grow stronger.

In the early years, Donghuang Group developed so rapidly because it made full use of external funds and seized opportunities again and again, but this time they were unlucky and got caught.

Taking big steps, they accidentally tore their balls.

Overall, as long as Donghuang Group gets through the short-term difficulties, they will have a chance to recover in the future. After all, they have so many properties that can be rented out, and the profitability of property management is relatively stable.

Su Yehao was suspecting that the reason why the Zhao family was so anxious was because other shareholders were taking the opportunity to make trouble and wanted to seek more power...

He chatted with Nangong Tian for a while and asked the chef to make two claypot rice dishes.

During the meal, her mother came over to say hello. It was just past dinner time, and there were obviously more customers.

After eating and drinking his fill, Su Yehao contacted his old man and drove alone to Sihai International Headquarters, handing the car keys to the doorman and casually giving him a tip of three hundred Hong Kong dollars.

His own building, his own company, his own employees, he didn't have to worry about parking at all, even if he parked across the entrance, it was fine. It was indeed comfortable.

Arriving at Father Su's office, he was surprised to find Uncle Qiu, who had a mole on his face, was also there.

This man, named Qiu Wanfeng, was one of Father Su Yehao's good buddies, and he had met him many times before.

Uncle Qiu said happily at this time, "Perfect! I'll treat you to a meal tonight. I've wanted to ask you out several times, but since you went to Hong Kong to study, I haven't been able to find the opportunity. I'll have the chef add chicken stew with vermicelli later. I remember you've loved to eat it since you were a kid!"

Not wanting to join in the fun, but unable to find an excuse to refuse for the time being, Su Yehao greeted Uncle Qiu with a stiff smile.

Father Su said, "It's okay, let's go together. It just so happens that Lao Qiu's son is also at home. Your brother has been doing great lately. He made a lot of money last year. Let him teach you some business experience and how to deal with people."

Uncle Qiu waved his hand and immediately looked distressed, saying, "Don't mention it. My son isn't as good as Xiao Hao. I originally thought I had finally invested in a reliable project, but who knew that the popularity of beepers was fleeting. Sales broke 100,000 in September and October, but in December, despite the large discounts, sales were cut in half. There are still hundreds of thousands of machines piled up in the warehouse, with more being bought than sold, and the returns are too slow."

"Hmm? Don't be modest. How could such a good market decline?"

It was Father Su who asked.

Su Yehao stood aside, curious, listening attentively.

Uncle Qiu was afraid that his own son would suffer losses, so he arranged for his trusted aides to help manage the business and was very clear about the company's situation. He sighed again and said, "In the past, the beepers that my son distributed were cheap and had Chinese character operation, which was very advantageous. Now, other manufacturers are not only lowering prices but also advertising and promoting, joining forces to bully my son. Those guys are full of bad ideas. When the North wasn't producing them, they held up the shelf and sold them at high prices. When they saw that the mainland was producing beepers, they lowered prices and grabbed the market."

Su Yehao suddenly understood.

On one side were new domestic brands with little influence, and on the other were well-known imported companies. When the prices were not much different, the latter naturally had the advantage.

Even twenty years later, there were still so many people who refused to spend more money, yet complained that domestic products were low-end, let alone in the 1990s.

In short, it seemed that Uncle Qiu's son, Qiu Yaohe, had encountered "dimension reduction".

The result was obvious. The previous good situation collapsed in the blink of an eye.

In addition, the development of the mainland's telecommunications industry was extremely rapid. The result of concentrating efforts on major tasks was that beepers quickly fell behind, and the mobile phone industry began to rise.

Some customers gritted their teeth and went directly to buy mobile phones. Who cared about beepers anymore?

Su Yehao had expected this situation long ago, so he didn't find it surprising at all...