Chapter 502: Chapter 302 Tengying Town
End of March.
Snacks Dash finally completed its IPO in Xiangjiang.
The reason it could be done so quickly was mainly that he personally made so concessions.
The valuation of Snacks Dash was pulled down to 12 billion.
There were more than 1800 direct-operated stores and over 8000 franchise stores, with a total investnt of over 2 billion.
In total, he had received 1.5 billion in financing.
A valuation of 12 billion ant that the return on investnt was increased by 3.5 tis.
Chen Pingsheng personally still owned 42% of Snacks Dash shares, diluted to sixty percent.
That’s roughly 25%.
Based on a 12 billion valuation, that’s a direct return of 3 billion.
All previous investnts aside.
“Ding, congratulations Host, you have earned 1.2 billion today, would you like to activate the random increase option?”
“Activate.”
This was probably the main reason why he insisted on pushing his subsidiaries to go public.
Without going public, how could he cash out Golden Finger Grandpa?
The familiar Golden Dice appeared again, incessantly shaking until it finally stopped at five.
This wave of luck was truly not bad.
One minute, two minutes, until five minutes had passed.
His bank account then received 6 billion, and the original 3 billion capital went to his wife’s account.
Together, that’s 9 billion in funds, plus the 400 million US Dollars he already had.
Another wave, and he had over 10 billion ready to be mobilized.
Chen Pingsheng went to Zhengfu in Magic City to discuss purchasing comrcial land.
Since it was to build the group headquarters, the local governnt would offer various preferential policies.
The main aim was to attract these large corporations to their region to better develop the city and provide tax revenue and job creation.
Among the four major first-tier cities, Shenzhen undoubtedly has the smallest land area.
Due to its small land area, it has clear standards for industrial land use there.
The land output efficiency (annual industrial output value/total land area) must not be less than 109.375 million yuan/hectare/year.
That is, the annual industrial output value must not be less than 7 billion yuan to purchase and use industrial land there.
This regulation aims to ensure the effective use of industrial land and optimize land output efficiency.
By setting specific annual output standards, it promotes efficient use of industrial land and industrial developnt.
Magic City, among the four major first-tier cities, has the most extensive land area.
Relatively speaking, its land output efficiency standards are set a bit lower.
After all, Shenzhen is just a third of Magic City.
His Tengying Group owns six publicly listed companies, surely eting the land use conditions.
Such a group building a headquarters and industrial park in Magic City would definitely enjoy substantial preferential policies.
Magic City has a total of 16 districts, his Tengfei New Energy is built in Qingpu, and the charity hotel is built in Golden Mountain.
Considering the scale of the Tengying Group’s Ecological Park, it will occupy at least 300 acres.
Moving away from the high-priced central city area thus beca inevitable.
The district leaders also visited him these days, all hoping to draw him to develop on their own turf.
In order to better complete their political achievents.
After much hesitation, it was still Tong Zelan who ca over and recomnded to him, “Stop pondering, you should build the Ecological Park headquarters in Golden Mountain. It’s less trendy than Xuhui and not as splendid as Huangpu, but it wins with lower and quieter housing prices. With so many ordinary employees in your group, not many can afford the high housing price of 150,000 per square ter.”
This is indeed true.
Golden Mountain is a remote suburb, where the famous Donglin Temple is located,
Fengjing Ancient Town, City Bund, Seaflower Ecological Park, etc.
Golden Mountain was the most comfortable place to live in Magic City.
The natural environnt was great, the pace slow, and the cultural atmosphere was quite nice.
If he moved to Golden Mountain, he could leverage many advantageous conditions.
Chen Pingsheng imdiately scheduled a eting with the leaders from Golden Mountain at the headquarters to see what kind of preferential policies they could offer.
He was not just buying comrcial land; he ideally wanted to acquire over a hundred acres of residential land as well.
The city center definitely wouldn’t be able to approve such a large amount of land for his use, but Golden Mountain was different.
It belonged to the suburbs; once he moved there, he would be one of the top groups in that district.
He could certainly negotiate so more preferential policies because of this.
After a full seven days of discussions, the leaders of Golden Mountain finally approved 560 acres of comrcial land for him.
The price was 9.8 billion.
In addition, they allocated him 180 acres of adjacent residential land.
ant for constructing top-tier apartnts for employees.
The biggest benefit of attracting large enterprises to the area was the creation of jobs, consur spending, tax revenue, and other significant positive impacts.
Clearly, given the size of Tengying Group, it could easily stimulate rapid developnt in real estate prices within a five-kiloter radius.
It would also boost consumption and employnt in that area.
These advantages were precisely why they were all vying to get him to move to their districts.
A hundred acres of comrcial land could potentially accommodate fifteen apartnt buildings.
If built to top-tier apartnt standards, at least ten thousand people could live there.
The investnt contract explicitly stated that the main use of the buildings on this land was as employee dormitories.
For this reason, the price of the hundred acres of residential land was a full thirty percent lower than the market price.
Just 12 billion was enough.
If you added land leveling, greening, construction, etc., an estimated total of over twenty billion in developnt funds would be completely sufficient.
But the real heavy expenses were still for the over five hundred acres of comrcial land at the headquarters.
He needed to develop his own headquarters building and a series of supporting facilities there.
The specific design was too complex; he, as a layman in architecture, couldn’t handle it.
It was better to hire a top dostic architectural design firm to do the designs for him.
Chen Pingsheng offered a sky-high design fee of 1.8 billion to attract the nation’s best architectural design firms to bid for the project.
For a plot as large as his, just producing a satisfactory comprehensive design blueprint for the headquarters would take at least three months.
Only when the design blueprint was finalized could the actual construction begin.
He also nad this project Tengying Town.
As a way to declare to the world that this was his place.
A project’s scale always depended on financial capabilities.
The twenty billion spent on the land was trivial; the real challenge lay in building Tengying Town, which would not be easy.
According to Chen Pingsheng’s personal wishes, he wanted to build not rely a place for offices but also a destination for leisure and sightseeing.
To combine offices, residences, parks, entertainnt, dical, and educational facilities all in one.
To complete such a comprehensive headquarters Ecological Park project, an investnt of no less than 150 billion was absolutely necessary.
This did not include the money spent on acquiring the land.
When the master plan for Tengying Town was released, it imdiately caused a stir among all major architectural design firms.
The main reason was that the 1.8 billion design fee was extrely enticing.
Winning this would not only bring other benefits, but greatly enhance the reputation of the design firm.
After all, it covered an area of over six hundred acres, including both comrcial and residential land.
With an investnt exceeding 150 billion, this was truly a super project.
Reviews
All reviews (0)