1988: Back to the human world for a few years

Chapter 348: The Ice-cutting Family Does Not Keep Cattle and Sheep (1)

On Commercial Street 1, Yixiangyuan, which opened not long ago.

The atmosphere in the private room was a little strange.

………………

Although Yang Mo knew that Mu Siyuan, his future father-in-law, didn't like him very much, he still felt very displeased when he saw him appear in front of him with Song Wenxuan.

You didn't come here for an official inspection this time. When you arrived in Texas, you didn't inform your daughter and me, your daughter's official partner, but secretly called Song Wenxuan, who almost became your son-in-law, to accompany you. This in itself is a bit excessive;

Well, we've met. I know that the Mu and Song families are very close, and you also like this guy whose family background and appearance are much better than yours. Out of some kind of compensation mentality, you called this guy to your side as soon as you arrived in Texas to show your intimacy, which is not difficult to understand;

But you should hide it from me!

What does it mean for this office director to appear in front of me now?
Mu Siyuan glanced at Song Wenxuan, whose eyes flashed with a hint of hidden expectation; he then looked at Yang Mo, who always had a smile on his face but gave people a feeling of neither sadness nor joy; finally, his eyes fell on his daughter's pretty face, who was frowning and silent.

"Today is a private banquet, so there are no special requirements. I haven't seen Xiaoxuan for a long time. After all, the Song and Mu families are from the same clan, so we need to visit each other frequently... Besides, since you are all young people, you will definitely be able to chat together, so I called Xiaoxuan over so that we can have some fun together!"

After explaining casually, Mu Siyuan glanced at Yang Mo and said, "Ya'er, Xiao Yang, I called Xiao Xuan here without informing you in advance... You shouldn't be unhappy, right?"

Yang Mo laughed, then stood up and took the initiative to pour a cup of tea for Mu Siyuan and Song Wenxuan: "Uncle Mu, you are joking. I am so happy that Director Song can come... Uncle Mu may not know that Director Song and I are actually very good friends. We used to get together and eat together, talking and laughing. But later Director Song was busy with work, so we haven't seen each other much recently."

Hearing Mu Siyuan calling Song Wenxuan "Xiao Xuan" and calling himself "Xiao Yang", the closeness between them was obvious. Although Yang Mo, having lived two lives, did not feel much disappointed about this after drastically lowering his psychological expectations, he subconsciously wanted to make things difficult for Mu Siyuan, which was a natural reaction.

As expected, after hearing Yang Mo's implicit teasing, Mu Siyuan couldn't help but glance at Song Wenxuan, who had a slightly embarrassed expression.

Yang Mo and Song Wenxuan are very good friends, and they often get together to talk and laugh while eating?

how can that be!

With their own daughter involved, it was good enough that the two young men did not speak ill of each other.

But judging from Song Wenxuan's reaction, what Yang Mo said did not seem to be a lie.

Then the matter is very clear. When Yang Mo still controlled the right to use the funds of Dahua Company, Song Wenxuan took the initiative to show goodwill to Yang Mo in order to gain Yang Mo's support.

Logically speaking, this should be a plus in Mu Siyuan's eyes.

After all, a real man can bend and stretch. It is a wise choice to show goodwill to the rival in exchange for the support of the other party for the sake of career... If she behaves like a child and always has a strong resistance to Yang Mo, who was in power at the time, because of her own daughter, he will look down on her instead.

But Yang Mo's next words made Mu Siyuan very disappointed.

What do you mean we don’t meet much because we are busy with work?
It was obvious that Song Wenxuan saw that Yang Mo was demoted and had lost his usefulness, so he simply stopped taking him seriously.

Working in a state-owned enterprise system is not like working in a business environment.

Nowadays, once you reach a certain level and hierarchy, ups and downs are normal. If you treat others with the same opportunistic attitude as those at the grassroots level, you don't know how you will die in the future.

If you want to establish yourself, if you want to achieve something, you have to persevere... Since you chose to be nice to Yang Mo in the first place, then even if Yang Mo loses power, you can't act like you've abandoned him. Instead, you should show more concern for him.

This is not a gamble, but a personal charm that a person at the helm must demonstrate.

As the saying goes, when the fox dies, the rabbit mourns. You must build enough sense of security for your subordinates and allies, so that they will follow you wholeheartedly and even take the blame for you when necessary.

Hey ~
Xiaoxuan is still young after all, and will eventually be influenced by his children's personal affairs... Too short-sighted!

Mu Siyuan sighed inwardly. Although Yang Mo was only a section-level cadre, no one was stupid enough to treat him as an ordinary section-level cadre. Song Wenxuan's changing attitude towards Yang Mo was noticed by others. Even if his project really became a rising star in the near future, it would be difficult for him to truly develop a group of reliable confidants and loyal allies.

It's very simple. In the Dahua Company platform, apart from those second-generation people, there are less than a handful of people who dare to think that their background and social resources are stronger than Yang Mo. There is probably not a single person who dares to think that his ability is stronger than Yang Mo... Even a figure like Yang Mo was alienated by Song Wenxuan after he lost power. How can others dare to expect Song Wenxuan to help them when they are in trouble?

However, Mu Siyuan called Song Wenxuan over today not to embarrass Yang Mo, nor did he want to send any wrong signals. Therefore, after the waiter served all the dishes, he only moved his chopsticks a few times symbolically, then turned his head and asked: "Xiaoxuan, how do you plan to operate your hotel chain project? Tell Uncle Mu in general... Yang Mo is here, so let him help you with some advice."

As he spoke, Mu Siyuan looked at the two of them deeply and said, "You are both talented people, so it is understandable that you are arrogant. However, you are still young after all, so it is normal that you cannot understand some things for the time being... But I hope you can remember that the Song and Mu families are inseparable allies. It is right for the two families to work together to help each other and overcome difficulties together."

Song Wenxuan's face changed slightly when he heard this. How could he not understand the meaning of Mu Siyuan's words?

What this means is that no matter whether Yang Mo can become the Mu family's son-in-law, the other party hopes that the two can put aside their past grudges and achieve mutual success!
Fortunately, I mistakenly thought this morning that Mu Siyuan always looked down on Yang Mo and wanted to encourage me to achieve results as soon as possible, so I brought up the old matter. But now it seems that I have become the question to test whether Yang Mo is "Little Yang" or "Little Mo"?

Yang Mo also suddenly realized. I said, with Mu Siyuan's cunningness, how could he do such a ridiculous thing as bringing his love rival to meet his future son-in-law? He wanted to use his status as an elder to force himself and Song Wenxuan to join hands so that they could create the next generation of the Song and Mu families.

Thinking of this, Yang Mo glanced at Miss Mu who breathed a sigh of relief, and then cast his eyes on Song Wenxuan with interest, who had a complicated expression. This guy submitted three project proposals in one go, reorganizing 14 hotels, 7 food factories and 6 catering companies in Qingdao, Laiyang, Dongying and Quancheng.

Originally, Yang Mo thought that the reason why Song Wenxuan reorganized these tertiary industry units was more because these selected enterprises were relatively large, making it easier to monetize assets and transform into financial businesses, and also easier to create new positions. However, at the end of last month, this guy proposed to focus on building a project called "Huayue Hotel Chain".

This turn of events really left many people confused. They had no idea what Song Wenxuan wanted to do, nor did they understand what the connection was between this hotel chain and the financial company business he had originally planned to develop.

Although Yang Mo roughly guessed the other party's thinking, there are many ways and their sizes are very different, so Yang Mo has no idea what this guy will do specifically. Therefore, when he heard Mu Siyuan ask this, he was indeed interested.

Facing Mu Siyuan's gaze, Song Wenxuan pondered for a moment, and finally smiled bitterly: "Although this matter is a commercial secret, since Uncle Mu asked, then I can only tell you everything... Uncle Mu is right, the Mu and Song families are close relatives and allies, no matter what, we should be honest with each other."

As he spoke, Song Wenxuan gently put down his chopsticks: "In fact, from the beginning, my nephew had no intention of directly engaging in the financial securities business. After all, I studied in the UK, and I know that if I want to make achievements in this field, I can't make any waves without sufficient funds;"

"Especially when I saw the list of the first batch of listed companies officially listed in April, and learned through some channels that the authorities had planned to allow Shanghai Petrochemical and Sinopec Oilfield Services, two units with great weight in the oil system, to enter the stock market as subsequent listed companies, I became more determined to intervene in a roundabout way."

Although Mu Siyuan didn't quite understand what he said, Yang Mo nodded when he heard it.

Although the structure of oil in the north and petrochemical in the south has not been completely formed, it is already a tacit understanding. And these days, you can imagine what companies involved in the financial securities industry will do. Once they directly intervene in the name of Dongying's subordinate units, there will indeed be considerable trouble in the future.

Seeing Yang Mo nod, Song Wenxuan smiled and said, "Since we are going to intervene indirectly, we need a shell, and a shell that has the potential to be listed in the future, so I have set my sights on... the hotel accommodation industry."

At this point, Song Wenxuan explained to Mu Siyuan: "Uncle Mu, I have done research. The first batch of domestic listed companies and the planned subsequent listed companies are basically domestic super-large state-owned enterprises and large state-owned enterprises, and physical enterprises account for more than 80%;"

"According to regulations, after listing, the net profit of these companies after paying taxes must not be less than the 10% return on net assets requirement... Although this requirement is not excessive, I have to admit that there are not many domestic industrial companies that can achieve a 10% return on net assets for five consecutive years. It can even be said that there are very few."

"So, if nothing unexpected happens, after the large backbone state-owned enterprises that meet these requirements are listed, the authorities will inevitably select some non-backbone state-owned enterprises with high asset returns as supplements, thereby boosting the vitality of the stock market."

"The hotel accommodation industry, which has become increasingly popular in recent years, is a good industry package. As long as this high net asset return rate asset package can be developed, no matter which enterprise it is reorganized into, as long as the scale of the enterprise is not particularly large, the comprehensive net asset return rate can easily meet the listing requirements."

Hearing this, Yang Mo nodded again.

Unlike the hotel industry in later generations, which had an average net profit margin of 10% to 15%, from the mid-to-late 80s to the early 60s, if the qualifications were good, the domestic mid- to high-end hotel industry could even achieve an average annual net profit margin of more than %.

This is a very scary number, and it was also an important driving force for well-known foreign hotel brands to enter China during that period.

The reason for this is actually very simple.

1. With the acceleration of urbanization, the continuous development of the tourism industry, and the rapid development of the foreign trade industry after recovery, the domestic hotel accommodation industry has ushered in the first golden development period after the reform and opening up... But during this period, the domestic security environment was not as ideal as it was in later generations. Therefore, high-quality accommodation hotels became a scarce resource in this period. With a large number of foreign friends and businessmen of all sizes as precise customer groups, qualified mid- to high-end hotels naturally have no worries about business.

2. The fees of mid- to high-end hotels during this period were very high, especially those with relevant qualifications such as "Foreign Trade Hotel" and "International Hotel". The fees were in line with international standards, and some even only accepted US dollars and several designated foreign currencies... In that era when foreign exchange was scarce, these hotels, which already charged high fees, could naturally see their real net profit margins soar with just a little operation.

Judging from Song Wenxuan's actions in the past month, it is obvious that he wants to rely on the special characteristics of the central enterprises in the oil system to transform and establish foreign-related high-end hotel chain brands in Qingdao, Quancheng, Dongying, Laiyang and other places. After all, among these four cities, except for Quancheng which has some inherent deficiencies, the other three cities are very important external windows for Qilu (Laiyang was full of Chinese and foreign businessmen doing foreign trade in the 90s, and Dongying itself is also an outlet to the sea).

Moreover, unlike other industrial projects, generally speaking, whether it is a mid- to high-end hotel or a foreign-related hotel, it will be located in the more prosperous areas of the city. Therefore, the asset appreciation effect and risk avoidance effect brought about by the land alone are much stronger than other projects. During the economic upturn period, it can be said to be a first-class quality project.

Having roughly understood Song Wenxuan's train of thought, Mu Siyuan did not quite understand his nephew's "waiting for a good price" approach, but he did not object... He had understood one thing very well in the past year: if it is not an area he is familiar with, then he should not talk nonsense self-righteously.

However, he was still a little confused: "But didn't I hear that Xiao Yang only approved 2500 million for you? Although I don't know much about the hotel accommodation industry, I still have some common sense. Although 2500 million is not a small amount, even if the headquarters helps you to smooth out various relationships and apply for qualifications, I'm afraid that with such a small amount of money, you can't renovate so many mid- to high-end hotels, right?"

This is the truth. The hotel industry is actually a typical asset-intensive industry.

Take the White Swan Hotel, a joint venture between Guangzhou Province and Mr. Huo in 1982, as an example. The total investment at the time was as high as more than 4900 million US dollars, or more than 9000 million RMB. If evaluated according to the price level in 1990, the investment would be at least 2.5 million yuan.

Although the White Swan Hotel is the first self-designed and self-built five-star hotel in China, it is not the same as the conventional high-end hotel at that time. In addition, Song Wenxuan upgraded and renovated the original hotel and did not pursue a five-star effect, so the cost was greatly reduced.

But even so, it is definitely impossible to transform into 2500 high-end foreign-related hotels with 14 million...Let alone 14, it would be a miracle to transform 2.

Hearing Mu Siyuan ask this, Song Wenxuan glanced at Yang Mo, who was always smiling, with a complicated look in his eyes. After a while, he sighed softly: "Uncle Mu, in fact, as a central enterprise, sometimes, you don't really need so much budget to push the work forward;"

"In fact, the smooth progress of this project was inspired and encouraged by Minister Yang's commercial demonstration zone. I have to thank Minister Yang."

"However, unlike Minister Yang's commercial demonstration zone, although I also take the path of resource integration + background credit, the method I adopt is completely different from Minister Yang's."

After a slight pause, Song Wenxuan met Mu Siyuan's inquiring gaze and smiled slightly reservedly: "In short, I divide this hotel chain asset package project into four steps..."

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PS: My physical condition is not ideal. I need to go to the hospital frequently during this period. The updates will not be many. Please forgive me.

(End of this chapter)