Chapter 290: Legal Fees

Two days later, at the headquarters of Galaxy Group, in Lu Bin Sun's office.

"Old Sun, how's the Jun Du Hotel doing? Is your friend willing to sell it?"

"He's definitely willing." Lu Bin Sun said with a smile, "The safety and fire inspections keep failing, the bank is still calling in loans, and when he heard we're willing to take over the hotel, he's thrilled and can't wait."

Chen Mo was also quite pleased: "What's the price?"

"A flat price of 1 billion." Lu Bin Sun said proudly.

"Not bad, Old Sun, you're being pretty ruthless with your old friend!" Chen Mo exclaimed.

Jun Du Hotel is a fully renovated five-star hotel; besides the two underground parking levels, it has 25 floors above ground, including an exhibition hall, restaurant, conference hall, and various grades of guest rooms.

There are several five-star hotels of the same class in Tsim Sha Tsui, with annual revenues between 300 and 500 million, and net profit margins around ten percent.

Building such a hotel would cost at least 1.2 billion.

If acquiring an existing hotel, at least a 20% premium would be required.

But Jun Du Hotel isn't in a special period!

Lu Bin Sun actually managed to get the hotel for just 1 billion.

At that price, Chen Mo practically stole a bargain.

That old fox Lu Bin Sun chuckled and said, "Friendship is friendship, business is business."

"Given Jun Du Hotel's current situation, offering 1 billion is already pretty good. In this economic climate, there aren't many people in all of Gangdao who could come up with 1 billion in cash to take over the hotel."

Chen Mo nodded in relief.

Regarding Lu Bin Sun's opportunistic behavior, Chen Mo felt no resentment; on the contrary, he admired it.

That's what you call professional!

"The price is settled, so let's sign the contract as soon as possible. Once we take over Jun Du Hotel, I'll find someone to get the safety and fire inspection certificates sorted."

"Don't worry, the acquisition contract has already been handed to Lawyer Ou for drafting; it'll be settled in these two days, guaranteed to be problem-free."

Hearing Lu Bin Sun say that, Chen Mo also felt reassured.

Then he asked about another matter.

"How's the Prosperous Real Estate matter going?"

"Things are going smoothly on my end. Lawyer Ou used his personal connections to look up their past transaction records and current project progress."

"So far we haven't found any hidden liabilities at Prosperous Real Estate; it's just that a few of their ongoing projects carry some risks."

"Judging by the current real estate market, those projects might end up losing money."

"As for the stock market situation, you'll need to ask Tao Tao about that. However, Prosperous Professional's stock price has been quite stable lately, so there shouldn't be any problems."

Chen Mo nodded: "That's good. I'll ask Chen Tao Tao about the stock matter later."

"You can start by contacting their small shareholders on your end to see if they're willing to sell their shares."

"If there are no issues, we can launch the acquisition."

Lu Bin Sun nodded: "Don't worry, I'll do it."

Chen Mo didn't stay long in Lu Bin Sun's office.

After all, the office building they're in belongs to Prosperous Real Estate, and Prosperous Real Estate's own corporate office is in this very building.

Using their office building while discussing how to acquire them—whether amicably or forcibly—

made Chen Mo feel somewhat impolite.

After leaving Lu Bin Sun's office, Chen Mo drove to Central.

However, he wasn't going to the Hong Kong Stock Exchange to see Chen Tao Tao; instead, he went to Ou Yong En's law firm.

Ou Yong En's law firm is Jian Ao Wei's law firm.

Besides the two of them as master and disciple, the firm also has several other disciples and assistants of Senior Counsel Jian.

The firm isn't large, but thanks to Senior Counsel Jian's reputation abroad, it can be considered relatively well-known in Gangdao.

After announcing his identity, the reception desk led Chen Mo to Ou Yong En's office.

"Lawyer Ou, someone's looking for you."

Ou Yong En was busy writing at his desk when he heard the receptionist's voice, looked up, and saw Chen Mo standing behind the receptionist, a flash of surprise crossing his eyes.

"Mr. Chen, what brings you here today?"

From what Lu Bin Sun and others had told her, Ou Yong En understood Chen Mo to be a hands-off manager who seemed to take care of nothing.

Seeing Chen Mo appear in her office was still quite unexpected for her.

Chen Mo walked past the reception, entered Ou Yong En's office, and joked, "I'm the client now, so of course I want to see if my legal fees are worth it."

Seeing the two chatting, the receptionist quietly left.

Ou Yong En leaned back relaxed in his chair and said, "You're definitely going to lose big."

"How so?"

"For a 4 billion acquisition case, according to our firm's fee schedule, the legal fees would be at least 12 million."

"You're only hiring me, a fresh‑graduate junior lawyer, for 12 million in fees—are you saying you're losing big?"

Chen Mo clicked his tongue twice, nodded, and said, "After hearing you say that, I really do seem to have lost quite a bit of money."

"I don't know if Lawyer Ou can think of a way to make my legal fees feel worthwhile."

"Sure," Ou Yong En smirked slyly, "I could deliberately slip some loophole I can't fix into your acquisition case, then have my master step in to clean up the mess—how about that?"

"If he personally handles it, your case would need at least 20 million in legal fees; with just 12 million now, aren't you coming out ahead?"

Ou Yong En was raised from childhood by Jian Ao Wei and is his adopted daughter, but after studying law and becoming a lawyer, she started calling him master.

"No," Chen Mo hastily protested, feigning flattery, "I think paying 12 million for Lawyer Ou is not a loss at all. After all, a female lawyer who combines beauty and wisdom like Lawyer Ou is rare."

"Hmph!" Ou Yong En snorted, "You're being sensible."

"Since you're being so cooperative, I won't charge you for this Jun Du Hotel acquisition contract."

Ou Yong'en handed the just-drafted acquisition contract for Jun Du Hotel to Chen Mo.

Chen Mo opened the contract and looked it over; the clauses were clear, the terms complete, and he could find nothing wrong.

This was just written by Ou Yong'en, not yet had his assistant type it up; the handwriting looked graceful with a hint of sharpness.

Although the acquisition target for Jun Du Hotel also amounted to ten billion, since only a purchase contract needed to be drafted without full‑process follow‑up, the fee did not have to be calculated according to the target.

But the fee for this contract was at least thirty thousand Hong Kong dollars.

After looking over the contract, Chen Mo put it back on Ou Yong'en's desk and said, "Lawyer Ou waived my legal fee; as a courtesy, how about I treat Lawyer Ou to a meal?"

To pick up girls, you always have to start with a meal!

Ou Yong'en glanced at his watch; it was almost quitting time, his eyes shifted, and he nodded in agreement: "Sure!"