After the divorce, the CEO's ex-wife deeply regretted her actions.
Chapter 235 Fierce Competition
The land in Changhong Bay is a lucrative piece of land. On the surface, only the Cheng and Rong families are vying for it, but in reality, many others are trying to take advantage of the situation and see if they can also get a share.
However, Rong Chengtian's single sentence silenced almost everyone.
The initial bid was a billion, and their arrogance and disregard for money made everyone hesitate.
Should they risk offending Rong Chengtian by raising the price and gambling on a slim hope, or simply give up and hand over the land to someone else...?
"I'll offer 1.2 billion!"
Just then, an unremarkable middle-aged man slowly raised the price tag in his hand.
"Mr. Number 21 has offered 1.2 billion!"
The host announced loudly, a hint of relief on his face.
She was quite worried when the room was silent just now!
The land in Changhong Bay should ideally be sold for 2 billion yuan. If it is sold for only 1 billion yuan because of fear of Rongcheng Tian and other people are not willing to bid, she will probably be in trouble with the municipal government!
However, given Rong Chengtian's status and position, the host dared not offend him, nor could he stand up and say anything... In short, this middle-aged man who had just stepped forward did indeed save her once.
If an auction becomes a one-man show without bidding, then what's the point of holding an auction?
"It's He Wenshan, the chairman of Heng Hai Group. He's one of the two wealthiest families in Jiangnan City, after the Cheng and Murong families!"
Some sharp-eyed people immediately recognized the middle-aged man's identity.
“That’s right! He Wenshan’s Heng Hai Group is the biggest real estate company in Jiangnan City. So it’s normal that he has his eye on the Changhong Bay project.”
"Although the Cheng family fled without a fight, with He Wenshan taking the lead, it might not be a bad show."
Everyone became interested again.
"Mr. He, you're really in high spirits. Well, someone should keep me company while I put on this show." Rong Chengtian showed no concern for He Wenshan, who had suddenly appeared out of nowhere. He simply raised his bidding paddle and said, "I bid 1.4 billion."
He Wenshan gave a sheepish smile: "Young Master Rong, I don't mean to compete with you, but the location of Changhong Bay is too important. Our group does have important plans for this place. I apologize for offending you."
"Sixteen billion!"
He Wenshan raised his bid card again and announced loudly.
"Sixteen billion... This He Wenshan is actually so powerful? You really can't judge a book by its cover!" Yang Tiancheng was quite shocked.
“Yes, this level of cash reserves is quite astonishing... The combined net worth of all of us probably doesn’t even reach half of this figure—the old fox has hidden it well.” He Wen’an couldn’t help but agree.
Sixteen billion in working capital is a considerable sum.
Zhang Bao waved his hand, "You all don't know this."
"Oh? It seems like Mr. Zhang knows some inside information?" Yang Tiancheng and the others were all drawn to this.
"On the surface, this project appears to be a contest between the Cheng family and Rong Chengtian, but in reality, there are already undercurrents swirling around it."
"Changhong Bay is a lucrative opportunity, and now that the mayor has given his approval for its development, this area is likely to become a new economic pillar of Jiangnan City. Which of these real estate developers would let it go?"
As he spoke, Zhang Bao gestured in several other directions: "See? The second one in the third row, the fourth one in the sixth row, the first one in the fifth row... These are all real estate tycoons in our Jiangnan City. Although they can't compare to He Wenshan in terms of strength, they are still a force to be reckoned with."
"Given He Wenshan's financial situation, he could only come up with an extra billion yuan in cash flow at most. As for the rest of the money, it was all raised by these few people."
"So that's how it is... Mr. Zhang's information network is really impressive; he even managed to find out this kind of news." Yang Tiancheng and the others suddenly realized.
He Wen'an asked with a hint of curiosity, "Well, how much do you estimate they can come up with together?"
Zhang Bao frowned: "It's really hard to say... There are a total of three plots of land in Changhong Bay that are being auctioned. He Wenshan and his team are probably aiming to acquire one of them. After all, no matter how many more there are, Rong Chengtian wouldn't agree. It's estimated that each plot is worth around 2 billion yuan. To ensure they can acquire it, He Wenshan and his team will probably raise around 2.5 billion yuan..."
"Wow, that's a huge investment!" Yang Tiancheng clicked his tongue in amazement. "The land alone will cost around 2.5 billion, and the subsequent construction and decoration will probably require another 500 to 1 billion. Considering these costs, it's not certain that they'll be able to make a profit later on—unless Changhong Bay can truly be developed into the new economic center of Jiangnan City, shifting the city's economic center southward. Otherwise, they might lose everything on this project!"
“Yes! Come to think of it, isn’t this a bit too irrational?” He Wen’an couldn’t help but question, “He Wenshan and his team have been in the real estate business for so many years, they should know that giving up this level of risk is the best course of action... Forcing so much money onto a nonexistent future, what’s the difference between that and gambling?”
"You know, the so-called shift of the economic center is just empty talk from the municipal government. Whether the people agree or not is another matter—are they really willing to take this pie?"
“Of course not!” Zhang Bao said in a deep voice. Then, under the questioning gazes of the crowd, he slowly looked at Rong Chengtian in the first row: “You don’t understand just how keen Rong Chengtian’s business acumen is.”
"He took one billion yuan from the Rong family and, in just five years, established Tianhuo Venture Capital, increasing that amount of money more than tenfold!"
"Do you really think someone like that would act impulsively?"
"Moreover, have you forgotten? The Changhong Bay project was originally developed by the Murong family, and behind the Murong family is the behemoth that is Jinghai!"
"You really think it's that simple, with two such powerful families coveting this place at the same time?"
The group looked at each other, realizing they had indeed oversimplified the problem.
Yang Tiancheng said, "So, what He Wenshan and his group were actually betting on wasn't the municipal government's big plans at all; they were betting on Rongcheng Tianhe and the Nangong family's foresight?"
“That’s right!” Zhang Bao nodded emphatically.
"Tsk tsk, what a grand gesture—but considering this, isn't it even stranger that the Cheng family gave up so easily?"
He Wen'an raised a new question.
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