Tengying Entertainnt was undergoing a major industrial migration.
There was naturally a lot of commotion, but fortunately everything was pre-arranged.
Moreover, the main force being withdrawn was just the newly established Antler Coffee.
Although this was regrettable, it was understandable.
After all, the coffee culture in Magic City was denser.
Luckily, only Antler Coffee was being moved. Otherwise, once the three-year tax exemption period for startups ended.
He would have relocated everything.
Especially since Tengying Entertainnt was already among the top five entertainnt groups in the country.
Who could have handled that?
Those division managers would definitely have to invite him for tea.
A small company moving would have been one thing.
If a group worth tens of billions were to just relocate, the district mayor responsible for this region would be held accountable.
Without such a company, the amount of tax paid annually would be significantly less.
Regions are assessed on their GDP and various other economic indicators.
He was going to start paying taxes next year, and this year alone he’d have to pay at least four to five hundred million.
Before paying taxes, of course, the finances of the group needed to be sorted out.
Chen Pingsheng had established another company nad Tengchao Comrcial Managent.
Its main purpose was to manage their own family’s rental incos.
As soon as Tengchao Comrcial Managent was established, it was valued at tens of billions.
Chen Pingsheng injected the two major headquarters, and the eight large storefronts from Tenghui Departnt Store.
Also the existing 14 club storefronts of Water Cloud Space, all into this Tengchao Comrcial Managent.
According to financial calculations, this comrcial managent service company had total assets of around sixty billion.
This included Capital City’s ten billion headquarters building, Magic City’s sixteen billion headquarters building.
Eighteen billion for purchasing eight whole-floor spaces in Tenghui Departnt Stores, as well as the fifteen billion for the 14 oversized club storefronts bought by Water Cloud Space.
Unbeknownst to him, his family’s investnts in comrcial real estate had already reached sixty billion.
The reason for spinning off these comrcial real estates was because he did not hold one hundred percent of the company shares.
He only possessed absolute controlling rights.
Secondly, it was for the purpose of lawful tax avoidance.
By completely separating comrcial real estate inco from company finances for independent accounting.
Going forward, all his family’s companies would have to pay rent to Tengchao Comrcial Managent, fully owned by him.
If Chen An’an grew up and truly had no business talent,
then she was prepared to inherit this Tengchao Comrcial Managent, spending only the rental inco each year, but absolutely not allowed to sell any storefronts.
All these arrangents could be set up in advance through the inheritance fund.
With these rental incos, she could be secured for life.
The not-so-talented spoiled brat could only be a lifeti super-landlady.
"Ah-choo" Chen An’an, who was naturally distracted during class, sneezed loudly and felt inexplicably puzzled.
Who was cursing at sister An’an? Didn’t they want snacks?
After wiping her little nose, she decided to seriously attend the class again.
She would not let her dad down and aid to score in the top twenty-five in her class.
A minute later.
Whew~ Whew~
What was happening, why did she always feel sleepy during class?
Might as well sleep first.
The teacher talking today, should probably repeat tomorrow, right?
Chen An’an definitely intended to study seriously tomorrow, to stick two fake yet realistic big eyes on her face and study earnestly.
...
Chen Pingsheng would naturally not charge too high a rent for his own family’s comrcial properties.
According to the financial summary, it was about 1.6 billion annually.
With such a high inco, it should be enough for the spoiled brat to spend freely.
After spinning off the comrcial real estate, there was no need to hire too many people.
Just a small finance team was sufficient.
They would chase after any company that didn’t pay the rent on ti.
The best business for a leisurely lifestyle, free from any risks.
A steady inco of one to two billion a year.
And the revenue was likely to keep growing.
...
After Shen Chengjun from Tenghui Departnt Store ca over, Chen Pingsheng allocated fifteen billion for him.
To start with, he would open five Tenghui Departnt Stores.
Tenghui Departnt Store in Capital City had already opened 8 stores, and the inco had t, or even exceeded, expectations.
The reputation was exceptionally good, perhaps not comparable to the industry peak of Pang Donglai.
But it was absolutely the best in terms of reputation in Capital City.
Especially the fresh food section, which was a great success.
It proved that his previous extensive research on all-category fresh food was indeed a wise decision.
Going forward, he would not invest in Capital City’s Tenghui Departnt Store any longer.
Instead, the profits would be generated by the current eight stores.
A single Tenghui Departnt Store involved an average investnt of about three billion, half of which was spent on buying comrcial storefronts.
And the departnt stores’ profits amounted to about fifty million a year.
If the market did not undergo major changes, this type of business was very stable and long-term.
Six years to break even.
The eight stores together made a profit of about four hundred million a year.
That was enough to open another store.
The extra billion would be the staff’s year-end bonus.
He had always been very generous in this regard, and the speed of opening new stores would only increase as ti went on.
In the first few years, it was just about expanding from eight stores to one store.
In fact, after spinning off the comrcial real estate, Tenghui Departnt Store could also independently apply for listing.
With its profits, a market value of fifty to sixty billion was more than stable.
Chen Pingsheng wasn’t in a hurry yet. He would at least wait until the departnt stores in Magic City were also up and running before proceeding with the listing process.
Tenghui took away 1.5 billion.
He allocated another two billion to Tengsheng Fresh Food, planning to first open fifty to sixty stores in Magic City before anything else.
The profit from fresh food was indeed pretty good, the only downside being that it couldn’t be replicated too quickly.
An allocation of one billion had previously taken almost half a year to be fully utilized.
Now, allocating two billion would require just as long to be fully utilized.
He was now like a nursing mother, nurturing these businesses one by one.
Once they had all developed, they could then give back to him.
It would probably take another year or two.
These were not industries that could be developed quickly, even with money.
Ti was also an indispensable elent for a business.
After organizing it this way, there would be only two billion left in liquid assets from his initial 21 billion.
All had been reasonably spent.
Chang Fu ca to visit him with Yang Qian, who was six months pregnant and already showing.
He too was thinking of moving the headquarters to Magic City.
Mainly for the convenience of taking care of his wife.
With only twenty or so female anchors in his company, talking about moving headquarters was nothing major.
It was just a matter of saying the word if he wanted to go.
It wasn’t like his situation, which was so troubleso, requiring so much preparation ahead of ti and only now beginning the actual move.
"If you want to go, just go. I’ll need to frequently visit Magic City anyway."
"Old Chen, I’ll miss you, man."
"Cut it out, you’re about to be a dad."
Chen Pingsheng asked him, "Have you two bought your house there already?"
"Of course, we did."
Chang Fu said, "My wife spent over forty million on it, four bedrooms and two living rooms."
After Bobo Milk Tea went public, Yang Qian also cashed out seventy-five million.
Spending over forty million to set up a ho in Magic City was no big deal for her.
Plus, Chang Fu’s inco wasn’t low either, easily making nearly twenty million a year.
Financially, they were under no significant pressure anymore.
In Magic City, he had also given his Rolls-Royce Ghost to Yang Qian and was bringing over the Ferrari F12 from here.
He would live just as fashionably.
"I also bought another slightly larger apartnt there myself."
Chen Pingsheng said, "Once I’m done with so work here, I’ll be heading there next month."
Chang Fu joined him for tea, reflecting on his imnse gains from a couple of years in the Capital.
His wife, free from her previously oppressive life, had beco more and more confident here.
Won, when they reach a certain age, should have their own career.
Yang Qian was now the acting CEO of Antler Coffee, mainly because she was pregnant.
No startup brand would appoint a pregnant woman as CEO.
She was bound to have a lengthy period of maternity leave coming up.
At her age, becoming a mother, she was sure to want more ti to spend with her child.
"Brother, I’ll be waiting for you."
Since Antler Coffee was moving there, naturally, Yang Qian was too.
Chang Fu said, "A few days ago, your sister got married, and Gao Hu was even planning to call you out for drinks that night. Us old buddies, now he’s not so young anymore either. You tell , him constantly changing girlfriends isn’t right.
"You should talk to him, tell him to hurry up and find soone to marry already. With Fei Yangyang doing so well, there’s no woman he can’t find."
n, when they reach a certain age, should get married.
You can’t stay a playboy forever, and Chang Fu certainly has authority on this matter.
He used to be just like that too, but after finding Yang Qian, he quickly settled down.
"I was too busy that day, didn’t even have ti to chat with him. I’m planning to visit Guangdong next month, I’ll talk to him then."
Chang Fu nodded, "Now that your sister’s married, although Hu Lin’s financial situation is a bit weak and he’s just so-so in capabilities, he wins on being honest. If Chen Qi really wanted a rich second generation, who knows how much womanizing they’d do out there."
Chen Pingsheng had also considered this point initially; he knew plenty of rich second-generations.
Who among them wasn’t enjoying life to the fullest outside.
He’d rather have his little sister marry soone less well-off but genuinely caring toward her.
And Hu Lin was truly earnest.
He really cared for his little sister, just wasn’t very good at handling his social relationships on his side.
To the extent that he’d let his sister call him to et his college friends for drinks.
This irritated him sowhat.
Sotis choices are just like that, there’s good and bad.
The too smooth ones are usually crafted by won and the corporate world.
Those people are experts at being two-faced.
He liked them even less.
"And you call that a slight deficit? Wait till you have a daughter, and see if she marries into a family so mismatched in terms of social status."
Chen Pingsheng didn’t want to dwell too much on this topic, so he said,
"Fei Yangyang is also moving towards an IPO, and Gao Hu is really busy at this ti. When Fei Yangyang actually goes public, I will make sure to push him to get married quickly."
"Then his parents will definitely send your family a banner of gratitude."
Chang Fu said with a laugh, "Being single is indeed carefree, but only being with soone does it beco a ho. Now that we’re of middle age, even if you find soone as young as a recent college graduate like Zhang Tao, it would still be good."
Chen Pingsheng drank tea, and the two old buddies sitting together could talk endlessly.
In life, you don’t need many friends, just a few genuine ones will do.
They had grown up together from childhood, and now to be able to work together in business was truly a delightful feeling.
Chen Pingsheng couldn’t personally send the two off to Magic City, as there were still many matters in Capital City needing his attention.
He also had to make arrangents for his relatives at ho.
Like his aunt and uncle, who ca to Capital City and didn’t even want to go back.
Yet his grandparents were those who wanted to return.
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