Chapter 168 Shahe Golf Club

Yin Liuli chose Pengcheng for herself, and Su Yehao naturally had no objections.

He directly skipped over the ordinary residential areas and instead set his sights on the Shahe Golf Club, which he had been eyeing for a long time. He intended to acquire the entire club, using it as a supporting business for Sihai International Cultural Tourism City, as well as the surrounding office buildings and hotels, connecting the various plots of land.

The Su family owned a golf course in Casino.

Relying solely on the golf course business itself, it didn't make much money throughout the year. The rate of return was even lower than simply buying some stocks.

However, the location of Shahe Golf Club was rather special.

In ten or twenty years, if it were demolished to build houses, then the value of these two thousand acres of land would undoubtedly be astonishing.

Although the possibility of removing the turf to build houses wasn't high, it was still tempting to have it in hand.

As long as the golf course was utilized well, operating hotel businesses, renting out venues for weddings, etc., if a luxury brand image could be successfully created, business would likely be more prosperous than it currently was.

Thinking about it another way.

Under the banner of developing high-end tourism and resorts, it might be possible to supplement a land transfer fee, and then re-plan the golf course, changing the nature of a small portion of the land in the golf course to build new hotels, resorts, or high-end villas.

This would be a huge profit, increasing the overall value of the golf course.

Moreover, since it only involved internal construction and didn't affect the surrounding planning, the authorities could obtain land transfer fees, stimulate investment and consumption, and create new employment opportunities, achieving multiple goals with one action, making it relatively easy to operate.

Furthermore, with the addition of a golf course, the Su family's office buildings and residences in the vicinity could be sold at even higher prices.

As soon as the olive branch was extended.

The next day.

Su Yehao received a quotation from the management of Shahe Golf Club. They offered 650 million RMB, and several shareholders were willing to jointly sell all their shares.

After inquiring, it was learned that last year, the total net profit of Shahe Golf Club's management was just over 10 million RMB, but the total asset value was more than 200 million RMB, including a high-end clubhouse of more than 12,000 square meters, as well as the golf course itself.

As for the villas配套 to the golf club, Su Yehao had already bought them in advance and transformed them into five-star hotels for external operation.

The quotation of 650 million RMB was barely considered sincere.

A negotiation team was sent over, and after spending a few days, the price was cut to 590 million RMB.

Su Yehao didn't hesitate much and decided to pay the money. It would be acquired through a real estate company registered in the mainland. He had already decided to give Yin Liuli a piece of residential land in Shanghai, so this golf course was not meant for her.

The key was the subsequent construction of Shahe Golf Club, which required a lot of maneuvering, so it was best for Su Yehao to personally handle it.

This wouldn't affect the fact that he could hand over the golf course to Yin Liuli to help manage it, as the clubhouse had both a place for her to live and an existing management team, so she wouldn't have to worry too much...

Assets are assets, but whether they can be converted into cash at a high price is another matter.

Su Yehao used money to pave the way, and entering the mainland to do business in this era did indeed seem invincible.

State-owned enterprises were overwhelmed and had no energy to support other local enterprises, while the first batch of wealthy businessmen were not strong enough and preferred to stay within their own small territory. This led to a serious lack of funds in the market, and a batch of high-quality enterprises were in dire need of nourishment.

For example, Maotai and Biguiyuan, which had previously been financed, as well as Suning, which had just been signed, were all high-quality enterprises that were limited by a shortage of funds and did not have the strength to expand on a large scale.

The scale of foreign investment in the mainland had exceeded 40 billion U.S. dollars for three consecutive years, and this year was expected to be no exception.

Under such circumstances, after the incident with Boss Zhang of Suning, Su Yehao realized that relying solely on 5s Asset Management Company was not enough. It was necessary to shape the order of the financing market and mobilize the enthusiasm of social capital.

The acquisition of Shahe Golf Club didn't require Su Yehao to use his brain much.

In the few days after returning from the United States, Su Yehao met with many financial experts from Hong Kong, and also communicated with experts from the Hang Seng Indexes Company and Zheng Yongwen and others to discuss the feasibility of establishing a rating agency.

This wasn't being nosy.

If he owned such a company, in addition to taking on external business to earn money, he could also legitimately go deep into understanding the actual situation of many enterprises. Whether it was for 5s Asset Management Company or Su Yehao's own business, it could be of great help.

After talking with Hong Kong Stock Exchange CEO Zheng Yongwen in person, the other party also believed that it was essential to establish a rating company in order to launch the Science and Technology Innovation Board, otherwise investors would find it difficult to feel at ease.

Start-up companies in the Internet and pharmaceutical industries cannot be measured by revenue performance. A platform is needed to connect companies and investors.

The imperfect commercial order in the mainland allowed Su Yehao to see the potential. From the current situation in developed countries in Europe and the United States, the opportunity to set standards often breeds big business.

Morning of September 26th.

Su Yehao brought in the former President Peng of the Bank of China, who was now in charge of the international business department of the Industrial and Commercial Bank of China, and arranged to meet on the roof of the hi Garden Hotel.

After a brief exchange of pleasantries, Director Peng, who had been promoted, jokingly asked, "Why do you young masters like coming to the rooftop so much? It's still a bit hot today. It doesn't matter for you who are in good shape, but my fat layer is thick, and my back sweats even when I'm sitting still."

"That's how it's portrayed on TV. When discussing important matters, go to the rooftop. It's more formal."

Su Yehao took a sip of coffee and added with a smile, "Some time ago, I used 5s Asset Management to finance Suning Appliance's new project in Jinling. I don't know if you've heard of it?"

Director Peng's heart skipped a beat.

In his opinion, if Su Yehao called it an "important matter," then it was likely not a small matter.

Since he was poached by the Industrial and Commercial Bank of China to be in charge of the international business department, his work focus had been Hong Kong and Casino. He had successively received several large loan orders from Su Yehao.

For example, the land Sihai International had just acquired in Pudong was handled by Director Peng, and the loan amount was as high as 2.4 billion RMB.

With a bit of curiosity, Director Peng asked:

"As far as I know, the funds were paid directly by 5s Asset Management, right? I was just talking to my friends about Suning a few days ago. The potential of the mainland's chain appliance industry is quite outstanding. More and more people are starting to change houses, which naturally benefits the appliance manufacturing and sales industry. I myself have the idea to follow suit and buy some Gree stocks."

"Well, in fact, the biggest gain from investing in Suning is not the company itself..."

Su Yehao talked about the interesting story of Boss Zhang of Suning misreporting the price as a funny anecdote, and continued:

"Your banking industry also often faces the trouble of not being able to assess the operating financial situation of enterprises and worrying about not being able to recover loans, right?"

"Of course. Every bank has to carefully consider before issuing loans. There are too few clients like you, young master." Director Peng looked at Su Yehao, still confused.

Only to hear Su Yehao say:

"I have a new project that plans to integrate corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing, credit assessment and other businesses, and even securities business. That is to say, I plan to join hands with major financial companies to jointly establish an investment bank. I don't know if Mr. Peng is interested..."