OBS Chapter 346 Meeting
Chapter 346 Meeting
At Wo Hung Properties in North Point, Chiang Tin-sing met with Kwan Shan.
As soon as Guan Shan saw Jiang Tiansheng, he said with a big smile, "Mr. Jiang, I have a great project that I'd like to ask you to invest in."
"It's about making movies. The film industry is booming right now; you're sure to make a lot of money."
After hearing this, Jiang Tiansheng shook his head helplessly: "Boss Guan, it's not that I don't want to help you."
I'm completely broke right now. I just completed a major acquisition, and all the funds are tied up in it.
Guan Shan seemed somewhat disappointed, but he didn't say anything more. After exchanging a few pleasantries, he left.
After Guan Shan left, Guan Jiahui came in and complained, "Tiansheng, my dad's been restless lately. He actually wants to switch careers and become a director. What should we do?"
Jiang Tiansheng put down the documents in his hand and said seriously, "Jiahui, you have to persuade your father."
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He was unfamiliar with directing, and it would be too risky to venture into it rashly.
"Every industry is like a mountain; if you lose money, your family's debt problem will become even more serious."
Guan Jiahui sighed helplessly: "I've tried to persuade him so many times, but he just won't listen. He even says that he has artistic talent and can make blockbuster movies."
Jiang Tiansheng shook his head and said no more about Guanshan.
Seeing this, Guan Jiahui changed the subject: "Mr. Jiang, I've recently heard that real estate speculation is quite profitable, and I'd like to give it a try. What do you think?"
Jiang Tiansheng looked up at her, thought for a moment, and said, "Real estate speculation is no small business; it requires a lot of capital investment. How much capital do you have on hand?"
Guan Jiahui was a little embarrassed: "Around 10."
Jiang Tiansheng responded directly: "This amount of money won't cause any waves in the real estate speculation market."
With current housing prices high and investment thresholds high, 10 yuan is simply not enough.
Guan Jiahui tried to persuade him further: "Mr. Jiang, could you lend me some money? I'll pay you back as soon as I earn it."
Jiang Tiansheng politely declined: "Jiahui, it's not that I don't want to help you, but I have many other financial arrangements to make, so I can't offer you much support in this regard."
This statement subtly implies that he does not want to invest too much money in Guan Jiahui.
Guan Jiahui sensed the underlying meaning and felt somewhat uneasy.
Seeing her expression, Jiang Tiansheng changed the subject to appease her: "Jia Hui, the plaid skirt you wore last time was quite nice. Wear it again next time we meet."
In the business world, Jiang Tiansheng has made new progress.
With nearly 50% of the shares, he was successfully elected as the chairman of the board of directors of Zhaoan Real Estate Company.
Although he does not have a majority on the board, his shareholding grants him veto power.
Shortly after being elected, Zhaoan Real Estate held its first board meeting.
Jiang Tiansheng stood in front of the conference table and solemnly proposed the plan: "Distinguished directors, I propose that Paramount Company transfer the other half of its equity in the Wanchai Deer Island Building to Zhao An Real Estate Company at a 20% premium."
This not only increases the company's asset value but also helps boost the stock price, which is beneficial to the company's long-term development.
Zhao Qicheng immediately objected: "Chairman Jiang, this 20% premium is too high."
Furthermore, since Paramount is under your name, wouldn't doing this raise suspicions of improper transfer of benefits?
Jiang Tiansheng calmly explained, "Director Zhao, this price has been professionally assessed."
The Deer Island Building in Wan Chai boasts a prime location, and the other half of the equity is of great significance to the company's efforts to improve its asset portfolio.
As for the transfer of benefits, there is absolutely no such thing. This measure is for the overall benefit of the company and is beneficial to all shareholders.
The other directors began to discuss in hushed tones. Some felt the premium was too high and were worried about costs;
Some agreed with Jiang Tiansheng's asset allocation strategy. Jiang Tiansheng then added:
"Think about it, if we acquire the other half of the rights, we can plan and develop the Kashima Tower as a whole, and the future profits will be considerable."
From a long-term investment perspective, the current premium is worthwhile.
After a heated discussion, the voting process began.
Ultimately, Jiang Tiansheng's proposal was passed by a majority vote.
After calculating the costs, the company's finance staff reported: "According to the resolution, the company needs to raise 3840 million yuan to complete this acquisition."
After the meeting, Jiang Tiansheng returned to his office. Huang Bingzhong walked in with a group of people.
Huang Bingzhong smiled broadly: "Chairman Jiang, congratulations on your election!"
Jiang Tiansheng politely replied, "Thank you, Mr. Huang. Is there anything I can help you with today?"
Huang Bingzhong pointed to the people behind him: "These are my former subordinates, and they are very familiar with the company's business."
I was thinking that since you've just taken over the company, they might be able to help.
Jiang Tiansheng understood what he meant and said, "Mr. Huang, as long as they are willing to stay in the company, I will not stop them."
However, I will determine the company's future personnel arrangements based on the specific circumstances.
Huang Bingzhong tried to advocate for his subordinates: "Chairman Jiang, they have worked for me for so many years, they are loyal to the company, and their business skills are also quite good."
"Could you perhaps arrange for them to hold important positions?"
Jiang Tiansheng responded neither too firmly nor too softly: "Mr. Huang, I understand your thoughts."
But for the company to grow, we need to hire based on ability and performance. I will treat every employee fairly; as long as you have the ability, you will have a chance.
This suggests that he will not easily change personnel arrangements because of Huang Bingzhong's request.
Huang Bingzhong understood Jiang Tiansheng's attitude and didn't press the matter further: "Alright, Chairman Jiang, I hope you will take good care of them in the future." After saying that, he left with his men.
Jiang Tiansheng watched their departing figures and fell into deep thought.
Although he has achieved some success in the business field and has a net worth of tens of millions, he has a serious lack of talent reserves.
The company's lack of deep business foundation and strong talent support is extremely detrimental to its future development.
To achieve greater development, it is not only necessary to continue making money, but also to focus on cultivating its own talent team to lay a solid foundation for future expansion.
With his nearly 50% stake in Zhaoan Real Estate Company, Jiang Tiansheng was successfully elected as the chairman of the board.
Upon taking office, he devised an important initiative...
"Botao, notify the board members to convene an emergency meeting," Jiang Tiansheng said to Liang Botao.
The meeting convened quickly, and Jiang Tiansheng stood before the conference table, announcing with a resolute expression:
"Distinguished directors, I propose that Paramount Corporation transfer its 50% stake in the Wanchai Deer Island Building to Siu On Properties at a 20% premium."
Upon hearing this, Zhao Qicheng was the first to raise a question: "Chairman Jiang, isn't this premium too high? Besides, the Paramount Company is under your name, is this appropriate?"
Jiang Tiansheng explained, "Director Zhao, this price has been professionally assessed."
The Deer Island Mansion in Wan Chai boasts a prime location, and acquiring the remaining half of the equity is of great significance for Siu On Properties to improve its asset portfolio.
In the long run, this will benefit the company's development and the interests of all shareholders.
Regarding the issue of related-party transactions, the transactions were fully compliant and supervised by professional institutions.
After a heated discussion, the proposal was passed by a majority vote.
After the transaction was completed, Jiang Tiansheng knew that this operation not only earned Bailumen Company a profit of 640 million yuan, but also cleverly transferred a loan of 2250 million yuan to Zhaoan Real Estate Company.
More importantly, Paramount's stock price rose as a result of the transaction.
Next, Jiang Tiansheng turned his attention to the property on the ground floor of the Nanyang Centre shopping mall in Tsim Sha Tsui East.
"Botao, go and investigate the details of the property on the first floor of Nanyang Center Mall, including the price and ownership."
Jiang Tiansheng gave the instructions.
Liang Botao quickly completed the investigation and reported to Jiang Tiansheng:
"Mr. Jiang, the property on the first floor of Nanyang Center Shopping Mall is reasonably priced, the title is clear, and the seller is willing to sell."
After listening, Jiang Tiansheng made a decisive decision: "Okay, use the funds we just received to complete the acquisition as soon as possible."
Under Jiang Tiansheng's command, the acquisition progressed smoothly.
With the completion of this property acquisition, the market value of Paramount Group soared, successfully breaking through the 100 million yuan mark and reaching 95 million yuan.
As Paramount's stock price and market value rose, Jiang Tiansheng's business influence also grew day by day.
In order to further consolidate the company's market position, he came up with a plan.
"Botao, contact some influential commentators, give them some money, and have them promote the Paramount Company, publicizing its development prospects and advantages."
Jiang Tiansheng said.
Liang Botao accepted the order and left. Soon, positive reports and reviews of the Paramount Company appeared in major media outlets.
However, Jiang Tiansheng was very clear-headed. He knew that although the company was developing well, there were also problems.
"Botao, the company currently has a low debt ratio, which is an advantage."
"But the lack of high-quality properties to support market value is a major problem that needs to be addressed as soon as possible," Jiang Tiansheng said.
Liang Botao nodded in agreement: "President Jiang, you're right. We need to find a way to acquire some high-quality properties."
After some research and screening, Jiang Tiansheng set his sights on the Peak Tower in Sheung Wan.
Despite the company's tight finances at the time, he was determined to complete the acquisition through a loan.
"Bo Tao, contact Zhao Shizeng of Huaguang Real Estate Company. I need to discuss the acquisition of Shifeng Building with him," Jiang Tiansheng said.
Soon, Jiang Tiansheng and Zhao Shizeng sat down at the negotiating table.
"Mr. Zhao, I am very interested in your company's Shifeng Building and hope to discuss the acquisition."
Jiang Tiansheng got straight to the point.
Zhao Shizeng smiled and said, "Mr. Jiang, the location of Shifeng Building is good. As for the price, we hope to reach 7500 million yuan."
Jiang Tiansheng responded, "Mr. Zhao, I think the price is a bit high."
Furthermore, I can increase the down payment percentage. How about 7200 million yuan? I can offer a down payment of 20%.
Zhao Shizeng considered for a moment and said, "Mr. Jiang, you've pushed the price down a bit too much."
Jiang Tiansheng continued, "Mr. Zhao, as you know, I intend to operate this business long-term after the acquisition."
There might be more opportunities for cooperation in the future. Furthermore, by increasing the down payment percentage, I've reduced the risk for you.
After some bargaining, the two parties finally reached an agreement on a price of 7200 million yuan.
After the deal was agreed upon, Zhao Shizeng suddenly said, "Mr. Jiang, I also have a commercial building here that is about to be sold."
The Wah Wai Building at 84 Soi Hang Street, Sheung Wan, is in a good location and is priced at HK$4500 million. Are you interested?
Jiang Tiansheng's heart skipped a beat, and he said, "Mr. Zhao, I need to study this first."