Quick, female general, I traveled through time to save my father
Chapter 62: The Second Daughter Who Was Eaten Out of His Family 10
At that time, Xu Tianci had never submitted a resume or interviewed before and had no experience.
He wrote down everything he had done in the steel plant over the years, and his resume was more than 30 pages long.
It is more like his autobiography than a resume.
No one wants to take a look at this 30-page resume.
A passerby at the job market told him that no matter how good your resume is, no one would take the time to read it.
Xu Tianci suddenly realized what was going on and after some deletions, he made his resume into two pages.
He was soon hired by a construction company in Shanghai and started as a salesperson at the lowest level.
However, he quickly negotiated several major deals for the company, and was promoted from a salesperson to an office manager. He also helped his former employer, Xingyang Iron and Steel Company, to start a cooperative trade.
Later, Xu Tianci keenly realized that the real estate industry was about to rise, and proposed to his boss the idea of entering the real estate industry.
However, the boss of the construction company did not agree with his idea and felt that he was too ambitious and not doing his job.
After being rejected by his boss many times, Xu Tianci was very angry and felt that opportunity did not wait for anyone.
He resolutely resigned and started his own business. He brought 9 people to establish Hongtu Construction Company and began to write his own glorious story.
No one expected that this makeshift team would become a leader in the real estate industry in less than a year.
Although Xu Tianci did not have much start-up capital at that time.
The location of the real estate project could only be chosen in a very remote place, but this also gave him another inspiration, and even became one of the site selection criteria of Hongtu Group in the future.
Due to insufficient funds, Xu Tianci took out a loan from the bank, mortgaged the land to the bank, and completed the project in three phases.
The following year, Hongtu Garden began to be sold to the public. Since Hongtu Garden used small apartment types that were rare at the time, it was quickly sold out.
The more than 300 apartments in the first phase were sold out quickly, bringing Xu Tianci a full 8000 million yuan in repayments. Now Xu Tianci's Hongtu Group has completely come back to life.
However, Xu Tianci soon encountered a serious economic crisis. Although the real estate industry made money quickly, it also had a big bubble.
In addition, the cash flow is also huge. Once several projects are started at the same time and some of them cannot recover the money, the company will inevitably fall into a crisis.
Coupled with the impact of the international financial crisis, Xu Tianci suddenly owed the bank a huge sum of 150 billion yuan.
The company was facing such a huge deficit. How could Xu Tianci not be anxious? He could only come to Hong Kong to seek his father's help.
Boss Xu was unable to help his son in his request for help. Having always been in the manufacturing industry, he only had a vague understanding of the financial world.
Although I invest on a regular basis, I always choose safe projects recommended by planners. Although the profits are not very high, they are basically the kind that can protect my capital.
There was nothing else I could do to help except giving him a portion of the assets that should have been given to my eldest son in advance.
I could only take him out to play cards and have meals with my wealthy friends around me every day.
Let my son make some connections and see if he can find a way out through the broken window.
At this time, the various operations of the Xiong Group attracted Xu Tianci.
He did not believe the speculations of the uncles and aunts around him and found Sirong.
After several contacts, Xu Tianci felt that what Mr. Xiong said should be true.
So they signed an employment contract with Sirong, and their team would help solve the current crisis of Hongtu Group.
Sirong saw very clearly the crisis Xu Tianci was facing.
If they want to maintain the normal operation of Hongtu Group and make more profits, they will borrow money frantically. With such a large cash flow, if one link is broken, the consequences will be unimaginable.
Hongtu Group adopts the commercial bill model for loans, which will lead to huge hidden debts in the future.
When the real estate bubble quietly bursts, Hongtu will find that the houses and land it holds are worthless, but the debts are still valuable. This will cause Hongtu Group's insolvency to become increasingly serious.
By that time, the situation would be truly unsolvable. Even if all of Hongtu Group's assets were sold, it would still be far from enough to repay this huge debt, because these assets were no longer worth that price.
Boss Xu gave Xu Tianci 50 billion in assets in advance to help him overcome the difficulties.
If these assets are mortgaged to the bank, it should be able to alleviate some of the pressure on Hongtu Group.
But it cannot solve the fundamental problem.
At this time in Hong Kong, the stock market was booming, and many people became rich overnight.
At that time, Hong Kong citizens could afford to eat shark fin rice soup.
But at this time, there are still several huge mountains standing in the way of Hong Kong's wealthy people.
These big mountains are John Bull's four major foreign companies. At that time, there was a constant struggle between Chinese capital and John Bull's capital.
However, most of the resources, especially the core land in Central, are controlled by John Bull's four major trading companies. The four major trading companies have also infiltrated many Chinese companies in all aspects of Hong Kong.
Sirong discovered that one of the four major foreign banks at the time, the Blue Flag Bank, had a freight terminal called Galaxy Bay that had been operating at a loss.
Galaxy Bay originally operated some container storage terminals and some old tram properties in Hong Kong to make money, but now these businesses are constantly losing money, resulting in a continuous decline in the valuation of Galaxy Bay in the capital market.
Sirong discovered that the value of the land held by Xinghewan was several times greater than the value of its company.
So Sirong wanted to quietly acquire Xinghewan in the capital market.
Then they use the properties under Galaxy Bay to develop real estate projects after demolition.
If this move succeeds, Sirong will be able to make a big profit with a small investment, and will also tear a big hole in the capital circle controlled by John Bull & Co.
She made a detailed plan overnight and invited Mr. Xiong, Boss Xu and Xu Tianci to meet together.
This deal cannot be completed by any one of them alone; it requires several companies to work together to complete it.
Apart from the financial resources of the Xiong and Xu families, Xu Tianci also has connections with inland banks.
I believe the government would be willing to take back some of John Bull's assets and nationalize them.
At the same time, it also solved the hidden danger of the big hole that Xu Tianci had poked.
In other words, if this matter is successful, then the money earned from selling the houses built by Xu Tianci Real Estate will all be his.
Rather than a bank loan with interest.
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