The online response was very lively.
This concert might beco a cultural festival that Tengying Entertainnt must organize annually.
Chen Pingsheng didn’t bother with those, and in mid-February, he took his private jet to Capital City.
Huang Zhongshi’s two-billion-dollar bank mortgage loan had finally defaulted.
According to the bank’s assessnt, he now lacked the capacity to repay, automatizing the auction of his mortgaged properties — the Capital City headquarters of Huayi, the Xiangjiang super villa, and the Siheyuan in Capital City.
Huang Zhongshi, despite his reluctance, had to face reality.
The Huayi headquarters building towered over his Capital City headquarters, boasting twenty-nine floors, and the Xiangjiang super villa was also a top-tier sea-view villa over ten thousand square feet located on Galleon Peak Road.
Just one of these properties had a current market value of nearly two billion.
If he could get it at the starting price, he could at least make a tidy profit.
When Chen Pingsheng showed up, Huang Zhongshi was infuriated, even if others greeted him enthusiastically.
Once the bank formally initiated the foreclosure procedures, he was the first to bid.
No one followed after him.
The reason was simple, everyone knew Huayi was built by him, taking advantage of Jia Yueting who
was already on his way back to the country the following week.
At this ti, who would dare pick the fruits, and the bank did not need to sell these assets for a high price either.
Just enough to cover the principal and interest of the loan was sufficient, any excess would be Huang Zhongshi’s.
Yet, he didn’t receive a single cash new.
The assets worth over fifty billion were ultimately all bought by Chen Pingsheng for the starting bid of twenty-five billion.
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As he was leaving, Chen Pingsheng even said with a smile, "Old Huang, you’re really a good man. Please hurry up with moving out. I need to take over everything within three days otherwise I will have to enforce it legally."
Patting his shoulder, Chen Pingsheng mocked him.
His rival having bought the headquarters was definitely the last straw that broke Huayi.
Even if it didn’t die, it could never regain its forr glory.
A once dominant force in the entertainnt world just diminished in such a bleak and lonely way.
Huang Zhongshi now didn’t even have the right to utter harsh words.
As Chen Pingsheng had said, what he needed to think about now was moving out as soon as possible.
If it really ca to forced enforcent, Huayi’s last shred of dignity would be completely lost.
As for the huge Siheyuan that Huang Zhongshi lived in, Chen Pingsheng planned to sell it as soon as he bought it.
He rarely stayed in his own Siheyuan here, so why would he need such a big one.
He posted the transfer information in wealthy circles.
Siheyuan in Nanluo Gu Alley are now scarce commodities. Sell one and there’s one less.
Outsiders found it very difficult to find good sources, yet when he just posted it, soone imdiately ca to inquire.
The spacious courtyard spanning in and out, with an area of 1200 square ters priced at 1.3 billion wasn’t considered too high.
Only tycoons worth at least tens of billions could afford such properties.
The Capital City property was reserved, but the ten-thousand-square-foot mansion on Galleon Peak Road in Xiangjiang, he didn’t want to keep either.
After all, his family in Xiangjiang lived in Baijia Dao, which had an equally extensive area but a better environnt.
The price for Huang Zhongshi’s top-tier villa in Xiangjiang was set high, 1.5 billion yuan, non-negotiable.
People in his WeChat circle were asking if they could get it cheaper and decided to visit Xiangjiang before discussing further.
Acting as a real estate agent himself, he could sell such super-villas fairly quickly.
Huang Zhongshi has acquired so valuable items over the years, including three famous paintings bought for eight hundred million.
One was Picasso’s "Bust of a Woman with a Chignon", another was Van Gogh’s famous "Daisies and Poppies",
and the last was the ancient calligrapher Zeng Gong’s "Ju Shi Tie".
This made him the most well-known art collector in the circle.
Compared to Chen Pingsheng, who never dabbled in art, it elevated his image by a considerable margin.
What use are famous paintings when they can’t be converted into cash in crucial tis?
Even taking them as collateral to the bank didn’t appeal to many bank presidents.
His three famous world-class paintings were already on the market looking for buyers.
Back at the Capital City headquarters, Chen Pingsheng, in a fairly good mood, was ready to notify Bai Xin to move their headquarters.
They would move into the twenty-nine-story Huayi building.
"Uncle Chen, is that necessary? Our current headquarters in Capital City are completely adequate!"
"That’s true, then think of a way to list it for auction."
Mainland property, including top-tier office buildings, is no longer a good investnt; better convert it to cash as soon as possible.
The twenty-nine-story top-grade office building could definitely sell for seventeen or eighteen billion.
"Uncle Chen, you’re not going to imdiately go back to Magic City, right?" Bai Xin curiously asked him.
"Probably."
Chen Pingsheng said, "I ca here to buy these mortgaged assets of Huayi. Without here, you wouldn’t be able to get them at the starting price. I’ll leave a bit later."
Fine, he really was in a hurry to co and go.
Bai Xin wanted to report so work-related matters, but seeing him like this, she could only try to keep it brief.
Once the Lantern Festival was over, it was the start of the school season. Speaking of which, Bai Xin was responsible for handling eliminations and new intakes at Tengying Art School.
The Chief Secretary was quite busy now.
There were still a lot of movie projects coming to Tengying Entertainnt for funding.
Chen Pingsheng simply didn’t have ti to review each one, and neither did Golden Finger Grandpa.
He now mainly focused on projects involving acquaintances or those featuring his own artists.
For those typical small projects, Bai Xin could decide on her own, having invested in quite a few last year.
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