Chapter 379: Taking Over International New City Plot No. 8

The land of Zhang Group was bought for 400 million yuan; selling it for 150 million would definitely be a dirt-cheap sale.

The problem is, this parcel was originally bought at a premium. With current Xingcheng land prices, 150 million can only be considered market price.

Moreover, after Zhang Group was last retaliated against by Yexin, the project procedures for that land have been stuck by the relevant authorities, and construction has still not begun.

To prevent asset loss, Xingcheng Bank has already put this land up for auction with a base price of 200 million.

Luo Zhikai suddenly brought this up to Chen Yang; there's an eighty to ninety percent chance the land hasn't sold yet. They are preparing to lower the price further.

If it were before, Chen Yang would still be willing to accept a price of 150 million. Now that he's cooperating with Zhu Zhu on a commercial building project in Deep City, the real estate business in Xingcheng seems a bit superfluous.

With the same investment, the profit in Deep City would be at least several times higher than in Xingcheng.

However, Chen Yang did not directly refuse Luo Zhikai; he only said he needed to go back and consider it first.

After all, projects he doesn't fancy might interest Yexin, Liu Shijie, Zhao Feiyang, and these other Xingcheng locals.

Liu Shijie is still working on Chen Yang's Qinghe Building project and the cold-storage project of the Old Hundred Meat Industry Ltd. At this time, Chen Yang doesn't want him to be distracted.

So he drove again to Xinghui Financial Investment Company.

Huang Bai Ming and Zhao Feiyang had already left first; the office only had Yexin and Lan Qiyun doing a stock market review.

Seeing Chen Yang arrive, Yexin immediately put on a stern face: "You little brat, still dare to come to the company? Aren't you afraid I'll beat you?"

Chen Yang calmly said: "I have a real estate project here that I originally intended to recommend to the company. Since you're not interested, I might as well go talk to Liu Shijie!"

"Who said I'm not interested?" Upon hearing it was a money-making project, Yexin's attitude changed instantly: "What project? Where is it located?"

Chen Yang said: "The parcel that Zhang Group holds in International New City was taken by Xingcheng Bank for auction, but it ended up failing to sell. Now they plan to sell it cheaply at 150 million. Do you have any interest?"

Upon hearing it was that parcel in International New City, Yexin slightly furrowed her brows: "Buying that land now wouldn't that just relieve Zhang Daguo's predicament? When did you start showing kindness to your enemy?"

Chen Yang said: "Zhang Group borrowed 500 million from Xingcheng Bank; even if they repay this 150 million, they'd still have 350 million in debt. How could they possibly get out of that easily!"

Yexin thought for a moment, finding it reasonable. But after careful consideration, she felt the price of 150 million was still a bit high: "You little punk, they're asking 150 million, you just give 150 million, not even trying to haggle?"

Chen Yang said: "I have no interest in that land, so bargaining would be meaningless. If you're interested, you can go negotiate."

Yexin still hesitated a bit.

Seeing this, Chen Yang added: "That land might not be worth 150 million now. But if you can somehow drag it out for two years, once Xingcheng's real estate industry fully erupts, even five hundred million might not be enough."

Upon hearing this, Yexin's heart was immediately moved. She earnestly told Chen Yang: "You little brat, don't try to fool me. If you end up losing money in the future, I won't let you off!"

Chen Yang immediately said: "If you don't believe me, let's make a bet. If that land appreciates, you'll buy me a Rolls-Royce."

Yexin's face immediately showed a sly smile: "I don't have the habit of betting with people. If it really appreciates, just have you go spend a day leisurely at Wuyouju."

"You're practically a rebirth of Gelongtai!" Chen Yang gave her a contemptuous look. Even if Wuyouju's service were excellent, it still couldn't match a Rolls-Royce!

"Don't give up!" Yexin laughed triumphantly. Then she called Yao Xia, Huang Bai Ming, and Zhao Feiyang back to the company for a meeting to discuss how to take over that parcel of Zhang Group's land.

Huang Bai Ming and Zhao Feiyang both approved taking the land. The former hopes to build a branch of Double Happiness Supermarket there; the latter hopes to take over the construction contract for this project.

Therefore, the meeting reached consensus in just half an hour.

Since Zhao Feiyang is professional in real estate projects, it was finally decided that he and Yao Xia would go meet with the representatives of Xingcheng Bank.

And Zhao Feiyang lived up to expectations, ultimately securing that parcel in International New City—a total area of thirty mu, Plot No. 8—for 140 million.

After the transaction was completed, Luo Zhikai also specially called Chen Yang to thank him and additionally proposed to treat him to a meal.

Chen Yang didn't want too much involvement with Luo Zhikai, so he directly declined.

Compared to a meal, he was still more concerned about the stock market.

Yongan Automobile's limit-up/down yesterday left all kinds of capital bewildered. After a night of calm, everyone realized the automobile sector had no negative news. Upon further investigation, they found it was the hot money from Xingcheng Securities that had thrown the rhythm into chaos.

Consequently, the forum instantly filled with a bunch of criticisms and curses aimed at the hot money of Xingcheng Securities.

Of course, some were happy, some sad. The forum for Southern Automobile was quite harmonious. Although they were affected by Yongan Automobile and even once hit the limit-down, after closing they discovered that the hot money from Xingcheng Securities had poured in over six hundred million yuan.

The veteran stockholders in the forum all know that the limit-ups of Yongan Automobile and Southern Automobile were both brought about by the hot money from Xingcheng Securities. It's just because that hot money voluntarily abandoned Southern Automobile that Yongan Automobile became the leader of this automobile sector wave.

Since the hot money from Xingcheng Securities has returned, and the capital on Yongan Automobile's side has again shown a divergence of opinion, the opportunity belonging to Southern Automobile has arrived.

Therefore, during the opening auction phase the next morning, a large number of retail investors followed the trend and bought Southern Automobile's stocks. After the collective auction ended, within just one minute the stock directly hit the limit-up.

By comparison, Yongan Automobile, although influenced by Southern Automobile, rebounded two points at the opening. But the good times didn't last long; soon capital smashed it down again. It finally closed at 11.54 yuan, down another five points compared to the opening.

Based on his past-life experience, Chen Yang guessed that Yongan Automobile would, after opening the next day, undergo another round of washing below water, then be pulled back up to highs by capital again.

Once Yongan Automobile's heat is pulled back up, Southern Automobile also has a good chance of achieving three consecutive limit-ups.

So he specifically reminded Lan Qiyun and Qi Yunxiang to buy a large amount of Yongan Automobile shares at the eleven-yuan level, to help the capital that's pushing the stock price too high.

His judgment was correct; when Yongan Automobile's stock price fell to 10.96 yuan, the downward momentum was completely halted.

Then, various capitals began to exert force buying Yongan Automobile's shares, successfully pulling the price up to the limit-up before the morning session closed.