My Lord, you need to stand up!

Chapter 453 I'm not afraid of my brothers suffering, I'm afraid my brothers are driving Land Rovers.
It's all thanks to the things Wei Dong has done so far, which have been watched by all sides, yet no one has come to stop him.

This means there's nothing seriously wrong; everyone's just watching to see what kind of mess they'll make of it.

The factory director, who was usually hesitant to make decisions, dared not immediately deny Wei Dong's ingenious idea.

"How could that be? How much would the renovation cost?"

He asked Wei Dong for advice: "Look, the dormitory building has already started construction, right? I'm the one who advanced the money. Once things are looking promising, we can start selling it and get the money back immediately. If we do the same, we can build about ten buildings along the street facing the joint venture factory within a few years, which will be enough for three to five thousand households. Then we can build another ten or so buildings around the corner, which will basically ensure that all employees can move into new homes."

Factory Director Zhu swallowed hard: "I've heard about your housing purchase plan with a down payment of four or five thousand yuan and a monthly income of less than one hundred yuan. The joint venture factory's dual-income couples can afford it, but it's completely impossible for the manufacturing plant."

The 21-year-old vice president earnestly told his colleagues, "So we need to help everyone increase their wages. We'll complete some tasks, solve some problems, free up some old buildings, and renovate others. That's the significance of the car factory establishing a real estate development company. Some employees can also transfer to the real estate company, and the real estate company's assets are the two or three floors of commercial space at the bottom of each building..."

The area is very large: "You know, many car companies from all over the country come here to sell cars, so these storefronts are rented to them as car dealerships. They make a lot of money every year, and that money is then used to renovate the commercial center of the old factory area."

“In the early days, the commercial center didn’t have many buildings. Now, along the edge, the walls and factories have been renovated to free up space for shops and restaurants, which are then rented to savvy merchants. This is much more profitable than charging entrance fees or stall fees.”

"But all of this is for the future construction of a new automobile building here. The entire national automobile industry will have to open offices here, and then Pingjing Automobile Manufacturing Plant will truly become the leader in the national automobile industry!"

It's just a bunch of empty promises from an old security guard forty years from now.

Moreover, it was a plagiarism of Jin Zhuoqun's idea.

If the railway system dares to use land to build skyscrapers, why can't car factories build them?
The most distinctive feature of Pyongyang is its absolute national centrality, with all industries having a need to concentrate here.

The commodity economy has not yet been developed, and the local government offices in Beijing are displaying cars there as gifts.

People across the country who need to buy domestically produced cars will choose to come to Pingjing to view the goods in one place, without having to travel around.

This is a characteristic that Jiangzhou, a city with independent planning status in the southwest region, completely lacks.

Since the automotive industry is a huge and rapidly growing sector, why not take advantage of the current large plot of land, especially before land costs are incurred, and quickly build an automotive building for the Pyeongkyo Automobile Factory?

Just like the commercial floors at the bottom of these dormitory buildings, which Wei Dong kept privately out of his reach, the idea for this commercial center and automobile building was also provided to Pingjing Automobile Manufacturing Plant to implement and experiment with on its own; he had no intention of getting involved at all.

Anyway, I'm just a small shareholder with a few percent stake. If the big company becomes successful, even if it's split up in the end, they should at least give me an explanation, right?

Two million dollars, just in terms of purchasing power, will be worth hundreds of millions in twenty or thirty years, not to mention the appreciation in value as an asset.

So they all encouraged the other party to expand and strengthen: "I heard you also went to Citibank to participate in negotiations. Have you noticed the architectural style of their business centers? Those are large commercial spaces with a podium, and several high-rise buildings on top. The Pingjing Automobile Factory's assets will never be lost, and your performance record during your term will be erected. You won't even need to spend much money."

Factory Director Zhu had initially shown resistance, but upon hearing the following sentences, his expression had to change: "Why doesn't it need to cost money?"

Wei Dong struggled to recall the method his gigolo had described: "These dormitory buildings were built through a collective fundraising effort. The factory received the three commercial floors and parking garage for almost free. These properties were only for rent, not for sale. After accumulating a few buildings, the area would be considerable. They could then use the proceeds as collateral at the bank to secure loans for the construction of the commercial buildings. And then this whole thing could be broken down into several steps..."

This is already a series of interconnected capital operations.

Having worked in a tax office in my past life, I'm sure I've heard about it to some extent, and I've seen even more information about it online. Even if I haven't studied it in depth, I still know the general principles.

It means that as long as there is a fixed asset, it will be used as collateral for loans, and the assets obtained from the loans can be used as collateral again, resulting in endless loans for generations.

The key is that as long as you become familiar with this lending and financial route, in other words, as long as you get the few key players on this line in order, you can lend money out continuously.

Since the 1980s and 90s, this kind of trick involving real assets has been used, and as long as there is output, it is unlikely to backfire.

Especially since this is Pingjing, where a building is being constructed within the Third Ring Road, the real estate value is sure to only rise and never fall. Leveraging the gimmick of being a center for the automotive industry, it can continue to generate rental income.

It's basically a sure thing, you'll make a profit.

Factory Director Zhu couldn't help but pull out a pen and paper to take notes: "Slow down, slow down. We raise funds to build houses, get commercial floors and parking spaces, then only rent them out and not sell them. Next, we take out a mortgage loan to build a commercial building. How many steps are there?"

Wei Dong beckoned Shi Tou, who was crouching in the corner keeping watch, to come over. He then rummaged through Shi Tou's bag and took out the photo albums, covering the holster of his pistol with a sweat towel.

He showed his white building to Director Zhu: "Once the podium is repaired, we can attract businesses, operate and make money. Then this thing can be mortgaged to repair the upper building. After that, the upper building can be mortgaged again to repair another building next to it. This commercial center can have several podiums, and several office buildings and residential buildings on top. The demolition and reconstruction of this area will also be completed. You have done a great service."

Factory Director Zhu wrote with lightning speed, meticulously recording everything...

If he were a ruthless figure like Jin Zhuoqun or You Qili, he would probably turn around and plagiarize the whole idea as his own, try every means to make it his own achievement, or even secretly develop it into his own industry.

But his experience in running joint ventures over the past few years shows that he lacks responsibility and dares not overstep the boundaries.

However, Wei Dong overlooked the sheer number of leaders he would be dealing with. In Shangzhou, he only needed to deal with one senior leader, but in Jiangzhou, there were only three to five in the city. The director of the Economic Development Zone and the district leaders of Jiangnan District were all extremely polite to him.

This is Heijing.

Legend has it that if a brick falls from the sky, nine times out of ten it will hit a section chief right under the walls of the capital.

Or, to put it another way, Wei Dong made a pledge to help the joint venture succeed, which created some controversial situations.

Everyone's watching now.

It's estimated that no one expected that after splitting the car factory in two, the joint venture would solve its foreign exchange problem through barter, while the old factory would actually encourage the establishment of a commercial center.

He made it sound so simple, as if a magic wand could be pointed at and a commercial center, shopping mall, and the buildings above it, worth several small sums of money, would be built.

What would later become commonplace at the district and county level was absolutely unprecedented at that time!

The commercial center of Beijing is now dominated by state-owned high-end businesses in Dongdan and Wangfujing, and individual businesses clustered together in Xidan.

The vast capital city intended this area to be its commercial center, but later it became a sprawling hub with commercial centers scattered across almost every few blocks.

Moreover, with such a grand "plan," Wei Dong's few words only make it easy for people to be confused.

They'll definitely end up coming to him anyway.

However, in just a few days, Wei Dong was facing Jin Zhuoqun again.

It was all because Qin Yuye appeared on the news broadcast.

She then continued to sing at the night market at the car manufacturing plant, especially "As You Wish" and "I Once Dreamed of Traveling the World with a Sword", which attracted the attention of the whole city.

Rumors are circulating everywhere that a Hong Kong singer is performing at the Pyeongkyung Automobile Factory Night Market.

They will definitely link the news to Jin Zhuoqun.

As someone who pays close attention to the news broadcast on CCTV daily.

They could also get their hands on CCTV news videotapes at any time and watch them repeatedly to identify the person who smashed the car.

Jin Zhuoqun could hardly believe his eyes.

When Mingming came to Pingjing this time, it seemed he was only there to give a report on computer R&D. How did he end up causing trouble at the Pingjing Automobile Manufacturing Plant, a key enterprise in the industry?!
"Let me ask around with my friends. You're already the vice president of Jeep Motors? Do you know how sought-after the Cherokee is in Beijing right now?"

Wei Dong rarely showed off: "I'm just a small shareholder, doing what I can to help out."

Jin Zhuoqun gritted his teeth: "Pretend! You still have to pretend in front of me. I also heard that you've started construction on the car company building. Wasn't that supposed to be a collaboration with me in Pyongyang?"

As fate would have it, Wei Dong had already gotten to the bottom of things from the railway police: "I heard that the land near that train station is very complicated, and the background of someone who can handle this matter is extraordinary. Do you think you can take on this heavy responsibility? Anyway, I don't think you can get away unscathed after investing tens of millions. Neither of us has a strong background in Beijing. Making some money and doing some things is no problem, but if we want to acquire large assets here, we'll have to see if we have the life to spend it."

Jin Zhuoqun strained his cheeks: "The information Wu Xi found out for you?"

Wei Dong shook his head mysteriously: "He said he would help me look into it, but I haven't heard back. Now there are other channels."

Jin Zhuoqun felt like he was suffocating: "Brother, you advised me not to build a big building, but you're already having a great time building one here. Isn't this like an official lighting a lamp in Taizhou?"

Wei Dong could have chosen not to explain, but he still said, "Old Jin, you built that building in Pingjing to own property. That's a huge desire, and others can use that desire to manipulate you. I didn't. I know very well that I'm just a passerby in Pingjing, at most developing some relationships here. My focus is on developing in Jiangzhou. So when I was involved in solving some problems at the car factory, my purpose in advancing funds to build that building was to help the factory solve its housing problem and become better. Then I would withdraw my funds and leave. Can you do that?"

It cost two million dollars!
It is said that this batch of parts is about to arrive at the port.

At first, they said they only wanted foreign exchange, which could be exchanged for cash domestically, but they ended up becoming shareholders.

If it weren't for a solid industry foundation, those two million dollars could be fatal.

So you have to be rich to be arrogant.

But it was too early for Wei Dong to say that.

(End of this chapter)