Chapter 1161 – Northern Construction
Niu Jinguo is speechless. He did not expect Feng Yu to appear suddenly.
Obviously, Li Dafu had gotten the support of Feng Yu, and Niu Jinguo’s leader’s promise to him is like a joke now.
Feng Yu dares to go against the City Governnt in the past, and he was not so rich. Now, Feng Yu has beco Asia’s top billionaire, and all the top leaders can’t wait to receive him. Even if Feng Yu is not Bing City Machinery Manufacturing Group’s biggest shareholder, Li Dafu, will still beco the President if Feng Yu supports him.
Feng Yu had donated a large amount of money to Bing City. Many people joked that Feng Yu owns half of Bing City as half of the infrastructures related to him.
Why is Feng Yu supporting Li Dafu? How am I not better than him?
The other Directors were glad that they had not spoken earlier, or they will be in trouble now.
“You are Niu Jinguo, right? If you are willing to continue to work here, just focus on your job and not think of other things. I think it’s ti for the City Governnt should change their representative!”
Niu Jinguo quickly took a step back and did not say anything. Manager Feng had let him off this ti, and he is grateful. This is a good position, and he does not want to be replaced. The previous representative from the City Governnt is now the head of the City’s State-owned Assets Supervision and Administration Commission of the State Council.
With Feng Yu supporting Li Dafu openly, no one dares to question his appointnt. Li Mingde shook his head in his heart. He had prepared many things to say to justify this decision, but Feng Yu only needed to say two sentences.
Feng Yu left quickly as he is not interested in discussing the subsidiaries’ heads’ appointnts. He can find out later and can replace them anyti he wants.
Feng Yu still need to visit Bing City Pharmaceutical Group. One of its subsidiaries needs to be restructured.
Feng Yu can tell that the City Governnt is addicted to restructuring. Feng Yu had advised Zhang Ruiqiang to increase Bing City beer’s scale, and Zhang Ruiqiang let Beidacang acquire it. The beer company expanded and acquired all other beer factories in Longjiang Province to increase its production.
Bing City Beer started expanding southwards. They avoided clashing with strong competitors and slowly acquire so smaller beer factories to expand their brand influence.
This strategy increases Bing City Beer’s market share in China, and they monopolized the northeast region of China.
Feng Yu suspects this is why the City wants to break up Bing City Machinery Company, and they are targeting Bing City Pharmaceutical now.
Bing City Pharmaceutical was set up based on a holding company’s model and doesn’t need to split. If the company split again, it will affect its future developnt.
But this ti, the City wants a subsidiary, which has nothing to do with dicine production, to be separated from Bing City Pharmaceutical. This subsidiary is a real estate company, and it will be rging with a City-owned developer.
The Central Governnt had made real estate a core industry. Since it is a core industry, there will be many governnt policies and subsidies in the future.
Zhang Ruiqiang rembered Feng Yu’s words. When a company reaches a certain scale, it will be easier to build its brand, gather resources, and raise funds.
Anyway, the real estate company under Bing City Pharmaceutical focused on building hostels and accommodations for Bing City Pharmaceutical’s factories. There are no profits, and they should rge with the City-owned real estate company. This will help with its growth too.
Feng Yu does not object to this decision. The real estate industry will develop rapidly in the coming decade. In Feng Yu’s previous life, property prices skyrocketed after 2000.
The property prices in the comrcial district had started to increase now. For example, Wind and Rain Building’s rental had increased, but many companies are still queuing up to rent offices there.
Being a real estate developer now has good prospects, and Feng Yu has an abundance of funds. He can afford more land plots than others and can even hold them for profits in the future.
This is the strategy used by Superman Li. He bought lots of land parcels in China and sold them when the developnt deadline is almost up for profits. In Feng Yu’s previous life, Superman Li rather pay the penalty than develop so land parcels. He gave all sorts of excuses to avoid developing the land. He is just waiting for the value of his land to appreciate. In fact, land parcels’ value rises faster than property prices.
The city’s developer’s scale is not big, and Longjiang Province still has its provincial developer, much bigger.
The real estate company under Bing City Pharmaceutical is quite small. It’s not worth rging it with the Provincial developer company. They will not get many shares from the rger. But it is different if it rged with the City’s developer, as both are on the sa scale.
Of course, Bing City Pharmaceutical’s controlling shareholder is the City Governnt. They don’t need Feng Yu’s approval for this decision. But the City Governnt, especially Bing City’s Executive Deputy Mayor, is smart. He was Xu Changyou’s forr secretary and will never offend Feng Yu.
Zhang Ruiqiang can get promoted so fast is because he got Feng Yu’s support. The Executive Deputy Mayor wants to follow Zhang Ruiqiang’s footsteps and gain Feng Yu’s support. He might not get promoted, but his position will be secure.
Who is better than Feng Yu when it cos to the economy? If you claim you are better than him, why are you not Asia’s Top Billionaire? Why didn’t you set up a company that can enter Fortune 500? Many of Feng Yu’s companies are in the Fortune 500!
If Feng Yu says they should not rge, then the City Governnt will not ntion the rger. All the City Governnt leaders, including the Provincial Governnt leaders, trusted Feng Yu blindly.
Everyone in the City Governnt is overjoyed when Feng Yu agrees to this rger. This ans Feng Yu supports the developnt of the real estate industry.
Feng Yu did not object to the rger conditions. Although the City’s developnt company has debts, they also have lots of fix-assets and technologies. The subsidiary under Bing City Pharmaceutical does own several factories, hostels, buildings, etc. but had handed most of them to Bing City Pharmaceutical before the rger.
Most importantly, this subsidiary has the experience and qualifications which the City-owned developnt company needed. Feng Yu is not pleased with the new company’s na after the rger. The City still wants to use the word City in its na. But at least it is better than Bing City Pharmaceutical Real Estate Developer.
But Feng Yu felt the na will restrain the company’s scale. He wants it to be changed from Bing City Construction Group to sothing bigger.
The company cannot be nad China Construction, but it can be called Northern Construction Group. When people see this na, they will think that this company’s business is all over the northern region.
So, the Northern Construction Group, which will be working with Tai Hua Supermarket Group to develop comrcial real estate in the future, is ford!
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