In the era of fetal wear, she became the first socialite in Hong Kong
Chapter 430: Building an Industrial Park
Fu Ziyan guessed correctly.
Ever since Fu Ziyan mentioned building a factory in the mainland that day, Lin Siqi has been busy with this matter for more than half a month. He specially went to Shenzhen for inspection and met with the leaders of the negotiation office.
After summarizing his progress in the mainland, Lin Siqi said bluntly: "Selene, I want to discuss the choice of land area with you."
Fu Ziyan raised her eyebrows.
If it was a normal area, there would be no need to discuss it with her. But Lin Siqi said so...
"You want an excuse to grant more land?"
Lin Siqi wasn't surprised that Fu Ziyan had guessed it, so he nodded and explained, "Officially, the maximum period of use for industrial land is thirty years, and the land use fee is 10-30 RMB per square meter per year. From my perspective, Shenzhen's future is shaping up to be quite exciting, and land prices will likely increase significantly."
It's easy to imagine that even if this reform fails in mainland China, if it does, Shenzhen, a city adjacent to Hong Kong, will see a dramatic change in land prices. Compared to Hong Kong's current land prices, Shenzhen's 30 yuan per square meter is a steal.
As a witness to the sharp rise in property and land prices in Hong Kong in recent years, Lin Siqi feels that some bargains should be taken advantage of as soon as possible.
Fu Ziyan smiled and spoke slowly, "It seems you are very optimistic about Shenzhen."
"I just subconsciously felt that it was worth a gamble."
He couldn't really say how much he believed it. He had personally experienced the turmoil of the past, watching his maternal grandfather's family fall into ruin. But after setting foot on the land of Shenzhen, he subconsciously felt that this time it was real, and that the city of Shenzhen would be prosperous in the future.
"How big a degree do you want to apply for?"
"We applied for 200,000 square meters in the name of an industrial park and workers' living area."
"Three hundred acres, you have a big appetite," Fu Ziyan chuckled playfully, "Okay."
After receiving the majority shareholder's approval, Lin Siqi curled his lips and continued his report in a deep voice, "The land we were able to acquire is undeveloped, so the price is relatively low. I negotiated it down to fifteen yuan per square meter, but with the 'seven connections and one leveling' development, the average price per square meter will be around a hundred yuan."
"During the infrastructure construction period, the land use fee will be paid at the normal rate of 20%."
"Adding in the land acquisition fees, factory construction, machinery purchases, and other expenses for resettlement compensation, preliminary estimates suggest the cost will be close to 1 billion RMB."
"The land use fee is interest-free if paid in full within two years. Annual payments will incur an additional interest of 8%." Lin Siqi paused and smiled. "The company still has a balance of over 50 million Hong Kong dollars on its books. If we were to use the company and the land as a loan, we could only borrow about 300 million Hong Kong dollars."
Three hundred million Hong Kong dollars is nothing compared to Fu Ziyan's total assets, but for a company whose market value was less than 20 million seven or eight years ago, it is considered rapid development.
In fact, 300 million Hong Kong dollars is only more than 90 million RMB when converted into RMB, which is only one-tenth of the total funds for buying land in the mainland.
A 100 million bet on 1 billion may sound like a fantasy, but actually... it's not that difficult.
First of all, Siyi Instant Noodles Company is an industrial company with sufficient cash flow.
Over the years, Si Yi instant noodles have expanded from a small corner of Hong Kong to Southeast Asia, and have since expanded into overseas markets in Europe and the United States. Annual dividends are substantial, and the balance on the account is only a little over 50 million because it's only May, having just distributed a portion of the dividend at the end of last year. So, strictly speaking, this 300 million loan is actually considered a low-cost loan.
Of course, if Fu Ziyan stepped forward, not to mention 300 million, even 1 billion in loans could be obtained. The richest woman in Hong Kong is not just joking, but this little matter is not worth Miss Fu's intervention.
Currently, Si Yi's growth is limited by its production speed, so 10 billion RMB is a large figure. Once the mainland branch is completed, overall profitability will increase several times. By then, 10 billion RMB will no longer be an astronomical figure that is difficult for Si Yi.
Moreover, due to Shenzhen's favorable policies towards Hong Kong businesses, this money can be borrowed. At a time when bank interest rates are constantly outpacing inflation, they only need to pay for the factory building first to build the factory. The annual interest plus the interest is negligible for the existing industrial park's income.
To a certain extent, under the premise of preferential policies, this is almost like getting something for nothing.
Fu Ziyan glanced at him and didn't mention the loan. Instead, she asked, "Are you planning to build a complete industrial chain?"
Lin Siqi nodded and smiled: "Yes."
"You really don't mind being in Shenzhen?"
When she said Shenzhen, she was actually referring to the mainland.
After the Lin family elders were brought to Hong Kong two years ago, Lin Yunya specifically came to borrow the services of a veteran Chinese medicine practitioner who had served the Fu family for many years to treat them. It's unclear if there were any grudges, but the Lin family elders certainly haven't returned to the mainland in the past two years.
If Lin Siqi builds a complete industrial chain in Shenzhen, it means that he will have to stay in Shenzhen, or the mainland, for a long time.
Lin Siqi raised her eyelids, tilted her head and smiled helplessly: "Miss, who would dislike making money?"
If he could really build a complete industrial park for Siyi Instant Noodles Company, Siyi's market value would soar, and maybe one day he would be among the top of the Hong Kong rich list.
Fu Ziyan smiled.
"I agree with your plan. I hope you'll have a hard time in the next few years."
Lin Siqi raised his hand and handed over a document: "Thank you for your support, boss. However, if this happens, the company will probably not distribute dividends in the next few years."
"Okay," Fu Ziyan took the document and looked through it. "Talk to your sister clearly."
"I talked to my sister about it, and she just said she'll do whatever I want." After the matter was settled, Lin Siqi put away his serious and businesslike demeanor and sighed with a hint of jealousy, "Obviously, I'm her younger brother!"
Fu Ziyan also joked: "I can't help it, who says I'm such a charismatic boss."
Thinking about how Lin Yunya was promoted to deputy editor-in-chief at the New Meng Newspaper, and the two magazines she was in charge of were both very famous in Hong Kong.
Fu Ziyan exclaimed: The two siblings of the Lin family are so useful!
The elder sister is making great achievements in the newspaper office, while the younger brother is fighting for the instant noodle company.
Well, all the money earned is hers!
It's a pity that I didn't ask Grandpa if he had any old friends who were down on their luck. Old friends are so useful.
Fu Mingzhang: ...
Lin Family Elders: ...
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