NOVEL SIMPLE The youngest son of the chaebol family, Mo Hyun-min
Chapter 27
Prior to 1990, land and houses were taxed at a single rate and lighter. However, by the end of the 1980s, the high concentration of land in the country forced the government to take measures to combat land hoarding. To know that at that time, in the country of sticks, 5% of the population had as much as 62.5% of the land resources, which is a terrible statistic.
After the separation of land and housing property taxes was implemented in 1990, house prices maintained a period of rapid growth before a long period of correction. In the following years, house prices showed negative growth.
It is for this reason that Chen Daojun advised Chen Yangji not to rush into the real estate market. After all, the cycle of real estate development is relatively long, it takes several years at every turn, and when the development is completed, the policy and market have already changed greatly, and you want to make a big profit by relying on real estate, I am afraid that it is a fool's dream!
However, Chen Yangji intends to believe in his eldest grandchildren and sons, and Chen Daojun will not be bored with himself, anyway, he will make a fortune in a muffled voice. It's just that Chen Daojun didn't notice that his cousin Chen Yingjun, who was sitting next to Chen Dongji, was looking at him curiously at the moment, and seemed to be very interested in Chen Daojun, who had just raised a different opinion.
......
Miracle Investments, inside the President's Office. "Boss, this month,
our company's revenue has increased by 10%, especially the receivables of your Disneyland and resort hotels continue to grow, and many tourists have come from abroad to visit this month. Disney's peripheral toys and souvenirs are selling crazy. Wu Shixian said happily towards Chen Daojun.
"That's for sure. Our Disneyland is much more fun than the average amusement park in China. And we open new projects every other year that will always attract tourists. Chen Daojun said confidently.
"By the way, boss, you asked me to acquire the shares of Taiyokoku Toei Co., Ltd. and Toho Co., Ltd., and it did not go well. Their person in charge offered a price that was much higher than the market value, and he was simply taking us for the wrong!" Wu Shixian remembered that Chen Daojun had proposed to him before, wanting to enter the animation industry of the Sun Country and acquire shares in some animation companies. I thought that I
could get it, but I didn't expect that the company in the Sun Country was too greedy, and the price given was too outrageous, close to 1.8 times the market value, and I simply took them as a big headache.
"It seems that they are not willing to sell ah, in that case, then let these things go first." I'm more bullish on a cosmetics company now, and we can invest in it in advance. For the failure of the acquisition of shares of Sun Country Animation Company, Chen Daojun did not pay attention to it, but proposed another investment direction.
"Cosmetics company? boss, are you sure?" Wu Shixian was a little confused, in his opinion, Chen Daojun's investment direction is a little biased towards the animation and entertainment industries, how can he suddenly say that he wants to invest in cosmetics companies?
"I remember the description in the Talmud that Jews generally believed that women's money was better earned, and in this world, whether rich or poor, men were mostly responsible for making money, while women were responsible for spending it. And how many women can not care about their beauty?" said Chen Daojun with a smile.
Wu Shixian was obviously stunned for a moment, and then said with emotion, "That's true, I didn't expect the boss to even know this." I really find it hard to believe that you are just an 11-year-old teenager and not an experienced adult.
"Haha, I'm just fine, read more books and newspapers, and learn a little more." Chen Daojun said with a smile.
Then Chen Daojun described the investment goals in detail with Wu Shixian. "Amorepacific Group, founded in 1945, is currently a well-known cosmetics company in Bangzi Country. It not only has its own R&D center, but also produces hundreds of cosmetic items.
"It's just that in 1970-1980, Pacific Group made great strides, expanding into finance, electronics, metals, clothing, baseball teams, basketball teams and other fields. It's just that the business area is overexpanded, and the losses of its subsidiaries and the crisis of labor conflicts gradually surfaced. Even now, the Pacific Group has not fully recovered from the heavy debt crisis. So I think we can arrange for traders to start eating into the shares of Pacific Group's cosmetics companies. Before they can slow down, we need to take as many shares in cosmetics companies as possible and become major shareholders.
Chen's analysis and explanation were quickly endorsed by Wu Shixian, who is now rich in money and wants to buy a stake in a company that is in debt crisis.
Knowing that their miracle investment company currently has more than 700 billion won (about 600 million US dollars) on its books, no company other than the top chaebols will have such a terrible cash flow.
......
"Based on the money we have now and the share of shares in the market, we can probably acquire 28% of the shares and spend about 400 billion (won). Wu Shixian asked his assistant to bring a series of information such as Pacific Group's financial situation and market research report, and then quickly came to a conclusion.
"Then let go and buy it. Maybe it won't be long before Pacific Group can bring us good news!" said Chen Daojun with a smile, in his impression, in 1990, Pacific Group successfully landed in the fashion capital of Paris with the acquisition of the Faberge factory, and since then it has made a name for itself in the European market and become a world-class cosmetics company. Pacific Group's stock price also climbed with it. Later, in 2002 and 2003, it became a world-ranked cosmetics company and enjoyed a worldwide reputation.
"Okay, boss!" said Wu Shixian happily.
......
After Chen Daojun left Miracle Investment Company, he soon came to his father Chen Runji's film company. Due to the fact that there were more people coming, the front desk staff quickly recognized Chen Daojun and did not stop him. Chen
Daojun also found Chen Runji smoothly. Looking at his father, who was busy in the office, Chen Daojun spoke, "Dad, I need your help." Come with me on a business trip to the hot summer country. It takes about a week. Chen
Daojun's words made Chen Runji feel a little puzzled, why did he go to Yanxia Country? "
I started a company in Yanxia Country. Something happened recently. I need to go over and take a look. Externally, it was said that we both traveled to the hot summer country, so as not to make grandpa and uncle suspicious. Seeing that Chen Runji was a little suspicious, Chen Daojun had to tell him part of the facts.
After the separation of land and housing property taxes was implemented in 1990, house prices maintained a period of rapid growth before a long period of correction. In the following years, house prices showed negative growth.
It is for this reason that Chen Daojun advised Chen Yangji not to rush into the real estate market. After all, the cycle of real estate development is relatively long, it takes several years at every turn, and when the development is completed, the policy and market have already changed greatly, and you want to make a big profit by relying on real estate, I am afraid that it is a fool's dream!
However, Chen Yangji intends to believe in his eldest grandchildren and sons, and Chen Daojun will not be bored with himself, anyway, he will make a fortune in a muffled voice. It's just that Chen Daojun didn't notice that his cousin Chen Yingjun, who was sitting next to Chen Dongji, was looking at him curiously at the moment, and seemed to be very interested in Chen Daojun, who had just raised a different opinion.
......
Miracle Investments, inside the President's Office. "Boss, this month,
our company's revenue has increased by 10%, especially the receivables of your Disneyland and resort hotels continue to grow, and many tourists have come from abroad to visit this month. Disney's peripheral toys and souvenirs are selling crazy. Wu Shixian said happily towards Chen Daojun.
"That's for sure. Our Disneyland is much more fun than the average amusement park in China. And we open new projects every other year that will always attract tourists. Chen Daojun said confidently.
"By the way, boss, you asked me to acquire the shares of Taiyokoku Toei Co., Ltd. and Toho Co., Ltd., and it did not go well. Their person in charge offered a price that was much higher than the market value, and he was simply taking us for the wrong!" Wu Shixian remembered that Chen Daojun had proposed to him before, wanting to enter the animation industry of the Sun Country and acquire shares in some animation companies. I thought that I
could get it, but I didn't expect that the company in the Sun Country was too greedy, and the price given was too outrageous, close to 1.8 times the market value, and I simply took them as a big headache.
"It seems that they are not willing to sell ah, in that case, then let these things go first." I'm more bullish on a cosmetics company now, and we can invest in it in advance. For the failure of the acquisition of shares of Sun Country Animation Company, Chen Daojun did not pay attention to it, but proposed another investment direction.
"Cosmetics company? boss, are you sure?" Wu Shixian was a little confused, in his opinion, Chen Daojun's investment direction is a little biased towards the animation and entertainment industries, how can he suddenly say that he wants to invest in cosmetics companies?
"I remember the description in the Talmud that Jews generally believed that women's money was better earned, and in this world, whether rich or poor, men were mostly responsible for making money, while women were responsible for spending it. And how many women can not care about their beauty?" said Chen Daojun with a smile.
Wu Shixian was obviously stunned for a moment, and then said with emotion, "That's true, I didn't expect the boss to even know this." I really find it hard to believe that you are just an 11-year-old teenager and not an experienced adult.
"Haha, I'm just fine, read more books and newspapers, and learn a little more." Chen Daojun said with a smile.
Then Chen Daojun described the investment goals in detail with Wu Shixian. "Amorepacific Group, founded in 1945, is currently a well-known cosmetics company in Bangzi Country. It not only has its own R&D center, but also produces hundreds of cosmetic items.
"It's just that in 1970-1980, Pacific Group made great strides, expanding into finance, electronics, metals, clothing, baseball teams, basketball teams and other fields. It's just that the business area is overexpanded, and the losses of its subsidiaries and the crisis of labor conflicts gradually surfaced. Even now, the Pacific Group has not fully recovered from the heavy debt crisis. So I think we can arrange for traders to start eating into the shares of Pacific Group's cosmetics companies. Before they can slow down, we need to take as many shares in cosmetics companies as possible and become major shareholders.
Chen's analysis and explanation were quickly endorsed by Wu Shixian, who is now rich in money and wants to buy a stake in a company that is in debt crisis.
Knowing that their miracle investment company currently has more than 700 billion won (about 600 million US dollars) on its books, no company other than the top chaebols will have such a terrible cash flow.
......
"Based on the money we have now and the share of shares in the market, we can probably acquire 28% of the shares and spend about 400 billion (won). Wu Shixian asked his assistant to bring a series of information such as Pacific Group's financial situation and market research report, and then quickly came to a conclusion.
"Then let go and buy it. Maybe it won't be long before Pacific Group can bring us good news!" said Chen Daojun with a smile, in his impression, in 1990, Pacific Group successfully landed in the fashion capital of Paris with the acquisition of the Faberge factory, and since then it has made a name for itself in the European market and become a world-class cosmetics company. Pacific Group's stock price also climbed with it. Later, in 2002 and 2003, it became a world-ranked cosmetics company and enjoyed a worldwide reputation.
"Okay, boss!" said Wu Shixian happily.
......
After Chen Daojun left Miracle Investment Company, he soon came to his father Chen Runji's film company. Due to the fact that there were more people coming, the front desk staff quickly recognized Chen Daojun and did not stop him. Chen
Daojun also found Chen Runji smoothly. Looking at his father, who was busy in the office, Chen Daojun spoke, "Dad, I need your help." Come with me on a business trip to the hot summer country. It takes about a week. Chen
Daojun's words made Chen Runji feel a little puzzled, why did he go to Yanxia Country? "
I started a company in Yanxia Country. Something happened recently. I need to go over and take a look. Externally, it was said that we both traveled to the hot summer country, so as not to make grandpa and uncle suspicious. Seeing that Chen Runji was a little suspicious, Chen Daojun had to tell him part of the facts.
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