Spring Breeze Twenty Years

Chapter 1272 Auction

After resting for a bit and grabbing a quick bite outside, Xiaowei and Chen Hui returned to the office to review documents.

The food and accommodation here are quite good, and the overall environment of the city is also quite nice.

In 95, there were very few locals in Hainan, especially in the cities. The population was mostly migrants, and most of them were from the north. So the food was predominantly northern, which made the experience very comfortable for Xiaowei, Chen Hui, and their friends.

Miler and his team did a lot of work here. They collected comprehensive information on properties and relevant government documents, and had detailed descriptions of the properties they had contacted. Of course, Miler couldn't have done all of this on his own.

The information was comprehensive and detailed, and the two of them sat there slowly flipping through it.

"Hey, Wei, look at this. An office building that changed hands seventeen times. The seventeenth person became the sucker and got stuck with it. Then he found out that the building was actually a huge puddle, never built, and nobody built it."

Xiao Wei said, "I think this is about the same. This kind of thing is meaningless." He tossed the documents in his hand aside.

There are over 600 unfinished buildings in Hainan, over 10,000 hectares of residential villas under construction, and nearly 20,000 hectares of land that has been repeatedly transferred but remains undeveloped. There are also reports from Beihai County indicating over 200 unfinished buildings and a large amount of abandoned land.

The entire island of Hainan is filled with ruins, both brand new and completely abandoned, where local farmers have arbitrarily encroached upon the land to raise livestock and fish. Looking at those photos, Xiao Wei felt as if he had entered a strange world.

The group then drove around and looked at the sights for a while, and got a general idea of ​​what to expect.

On the third day, Wu Guolin, Liu Jiaming, Wang Lihua, and Du An'an came all the way from Sanya.

"Oh dear, you guys didn't see that over there, it's even more chaotic than here. This is the provincial capital after all. But the scenery over there is definitely better than here."

"The temperature is also higher than here."

"There are lots of girls from Hunan and Sichuan over there, and they're not expensive. They're incredibly beautiful, and their figures... well, they've been doing that kind of work, so they look rather pitiful."

"Come on, they earn more than you, they send tens of thousands of dollars home every time, and they live a much more comfortable life than you."

"The scenery at Sanya Bay is quite beautiful, and the beach is especially nice."

"That's just a small town, very small, with not much industry and very few hotels. The Ministry of Metallurgical Industry built a resort in Sanya Bay, though. I feel like we could do something there. It's definitely going to work."

"Yeah, the housing and land prices over there are lower than here, and they're not as badly damaged as they are here."

"Have you noticed that there are more nightclubs and KTVs here than in Kyoto, and they are also larger in scale? You can imagine how glorious this place used to be."

"What's the use? It's still nothing now. Can't we say something useful? Did you all come here to reminisce?"

Wu Guolin patted the table, picked up the cigarette pack on the table, and lit a cigarette.

Xiao Wei and Chen Huimi sat on the side listening to them talk.

Liu Jiaming said, "I feel that the vacation you mentioned, Xiaowei, is feasible. I also think Sanya is a suitable place. The specifics depend on how to implement it. None of us are good at this, so we'll have to rely on you guys."

Du An'an said, "I called my dad. The province is also studying the unfinished buildings and land issues. They should have a corresponding plan in the next few days. My dad said to let us take a look and think about it first, and then find a time to talk when they come up with their opinions."

I didn't say I was involved, don't betray me. I just said Xiaowei and his friends were investing, and the rest of us are just here to hang out with them.

Chen Hui said, "But your name is on the company's shareholder list, isn't it?"

Du An'an said, "No. Xiao Wei asked us to register a tourism company in Kyoto. The shareholder of this tourism real estate company is the name of the Kyoto company. We don't need to list any individuals. That's allowed."

Miler said, "Yes, we're the same. It says Haikou Kaihang Tourism Real Estate Company." Kaihang is the name Miler came up with for the Haikou company.

Chen Hui blinked: "What's the name of the new company in Sanya? I forgot to ask."

Miler said, "We came up with the name Sanya Fengda together."

Xiao Wei smiled and said to Chen Hui, "It sounds a bit like an agricultural company. I remember Hong Liang mentioned this when he was naming the feed company."

Chen Hui said, "It's fine, it doesn't matter what we call it, as long as it's easy to pronounce. As things stand, we can put things here on hold for now and wait for news from An'an's dad, but I don't think it'll be that quick."

Let's focus on getting the resort up and running first; that's our main business. They all said it's a good fit, right? Let's get started. Is the office and staff all set up there?

Wu Guolin said, "It's ready to use. We've rented a small building, bought a car, and hired a few people. It's still easy to recruit workers here now. There are so many outsiders, many of them college graduates. As long as they provide food and lodging, we don't have to negotiate the salary too much."

Wang Lihua said, "It doesn't necessarily have to be Sanya Bay. You'll see when you go there. The scenery is really beautiful, and the beach is exceptionally long, unlike here where there's hardly any sand. That place is really suitable for tourism."

Chen Hui said, "Okay, let's go take a look. If it's that good, let's go big. It's not like we can only build one; we can build a resort, a seaside resort hotel, or even seaside residential villas."

Xiao Wei asked, "Who would we sell it to?"

Chen Hui said, "We all want to come here for the winter, don't others want to too? There are plenty of rich people in the East Beijing area, we can go back and promote it, it shouldn't be a problem. How much more can we build?"

Liu Jiaming said, "There are quite a few northerners over there, some who come here to do business and some to have fun. What Xiaohui said should work."

Du An'an's phone rang. She glanced at it and said, "It's my dad."

Everyone fell silent and watched as Du An'an answered the phone.

After exchanging a few words, Du An'an hung up the phone and said, "The province has decided to select a batch of well-located unfinished buildings and villas from the existing projects and auction them off. The proceeds will be used to repay part of the debts and bank loans."

Chen Hui asked, "Would the authorities and the bank agree to that?"

Du An'an said, "Since my dad said so, he must have already reached an agreement with the bank and the relevant creditors. As for the debtors, whether they agree or not is up to them. Why would we need to ask for their opinions? If you have the ability, just finish building it, right? Once you've built it and are operating it, it's definitely yours. Who cares about this?"

Now, behind every building, there's a group of creditors standing. For them, getting something back is better than losing it all, as long as they support the auction, there won't be any problems.

Xiao Wei asked, "Did they mention the approximate price? What price will we be bidding on?"

Du An'an said, "The price has definitely dropped, but it might not be as much as we imagine. My dad gave an example: the total debt of Meihua Building is over 700 million yuan, and the reserve price set by the province for the auction is 70 million yuan. That's ten times the original price."

Xiao Wei rummaged through the pile of documents, found Mei Hua's information, looked at it, shook his head, and said, "It's still too high. This building is worth at most fifty million now, or even less. Forget it, let them bid and see. Let's wait and see."

Tomorrow we're going to Sanya to sort things out there and get things done—that's the main focus. We'll take what we can from these unfinished buildings, but we won't force ourselves to do what we can; they weren't our primary objective anyway.

No one had any objections.

(End of this chapter)