Chapter 367 - 255: Too Much Money
The Golden Dice settled.
A not too big, not too small number three appeared.
One second, two seconds, three seconds, even up to the third minute.
Only then did 10.2 billion arrive in Alipay, and it felt incredibly exhilarating.
In the excitement, he felt like slapping the person next to him who was sticking her butt out.
His wife, Song Yanxi, looked bewildered, glancing around left and right, almost kicking her husband beside her.
But then she saw 5.4 billion had been deposited into her account and quietly retracted her long leg.
The money from Antler Coffee’s initial public offering, after going through Tenghui Capital in Xiangjiang, still ended up in her hands.
5.4 billion, such a staggering sum that you couldn’t even type out that many zeros on a calculator.
For the moment, it was hard even to think about how to spend it all quickly.
Still, Song Yanxi blinked her long eyelashes and suggested, "Husband, let’s buy the Water Cloud Space Academy in Shijingshan."
"If you want to buy it, go ahead; I’m not stopping you."
Chen Pingsheng himself was wondering how to spend his 10.2 billion.
The stock price of Tengying Entertainment had fallen to only 15 billion.
Taking out three billion to repurchase shares in the market was definitely necessary.
Additionally, Bobo Milk Tea had fallen to about 4 billion, having dropped a full 50% from its peak and was practically back to its IPO price.
He would take out one billion for the repurchase.
As for Fei Yangyang, all that was left was probably over three billion. The catering company, which had seen an investment of 1.7 or 1.8 billion, managed only double that in market valuation, which was outrageously off the mark.
He had to take out a billion for share buybacks no matter what.
All of this was money, after all.
The three public companies he owned would probably need around 5 billion for the repurchase of shares.
Such matters should not be publicized in the initial phase to avoid the stock price rising too quickly during the buybacks.
When the buyback was nearly complete, then it would be time to step out and release the news.
Chen Pingsheng took out his laptop and sent a message to the team in Xiangjiang to immediately start a comprehensive buyback of his own company’s stocks.
Buying low and selling high, he was experienced with this already.
As for his wife, Song Yanxi was already busy tapping away on her "treasure," the 15-yuan calculator by her bedside.
The Water Cloud Space Academy had been rented two years ago in Shijingshan, with an additional 50 million spent on reconstruction and redesign.
Next to it, they had also opened a Water Cloud Space hotel for internal welfare and public benefits.
You could say that the entire area had become bustling because of the Water Cloud Space brand.
Over these two years, real estate prices had soared uncontrollably, as had the cost of land.
Song Yanxi estimated that it would take at least six or seven hundred million to buy the place.
After all, the Water Cloud Space Academy boasted a main teaching building and two dormitories for the students.
All sorts of facilities had been fully developed over the years.
Even so, spending this money would still leave a significant amount leftover.
Biting the bullet, Song Yanxi went the next day to negotiate the purchase of Water Cloud Space, and not with a private seller.
They were looking to buy from the Shijingshan local government authorities who had leased the land.
Her family’s influence in Shijingshan was beyond imagination, second only to the global Fortune 500 giant, Shougang.
They were the strongest private group in the area.
The negotiations with the local authorities were not so swift, as it involved such a significant land transfer, and at a baseline, it would require funding of five to six hundred million. Nôv(el)B\\jnn
Experience tales at empire
It required some time to proceed.
After finishing the morning’s discussions about the purchase of the Water Cloud Space Academy, in the afternoon, Song Yanxi dashed to Magic City to buy up two of Water Cloud Space’s flagship store premises.
Just the rent for these two flagship stores amounted to 30 million a year.
If they didn’t buy them, even sleeping wouldn’t be peaceful.
Fearing that one day the high rents could crush them.
Song Yanxi squandered the big bills in her hands, spending 720 million to secure these two super flagship stores.
Do you think she stopped after this purchase?
Without rest, she flew to Xiangjiang next. Ever since she had seen the rent in Xiangjiang, she thought the rent in the domestic market, including both Beijing and Shanghai, was cheap.
The key attraction here was the permanent property rights, which were too tempting for her.
Originally, she wanted to spend all her money in Xiangjiang, but Chen Pingsheng still called her, reminding her not to put the cart before the horse.
They didn’t even own their own storefronts yet, so was it necessary to buy those storefronts in the other place that could cost up to five or six hundred million each just for rent collection?
Song Yanxi still listened to her husband on major matters, so she didn’t buy the storefronts, but she spent a total of over 900 million at IFC for two floors of office space.
This was one of the highest rent-yielding office buildings in the world; the construction cost wasn’t too high, but the annual rent income was around seven billion.
Her family spent nearly 30 billion just to own six floors of this office building.
It could be said to be incredibly extravagant.
There were countless big enterprises inside, and the value of every inch of land in Xiangjiang was fully demonstrated here.
With the remaining money, Song Yanxi went to Magic City to buy her family’s Water Cloud Space storefronts.
With a whopping 40 billion in funds left, she could almost sweep up more than half of the thirty Water Cloud Space club storefronts there.
After watching most of her money being spent, she returned to Capital City and started negotiations with the Shijingshan side about purchasing the headquarters of the Water Cloud Space Academy.
The speed at which this woman spent money was also beyond imagination.
However, Song Yanxi’s expenditures were mainly on making money from money.
At their level of wealth, personal consumption on food, clothing, housing, and transportation was already trivial; they could spend freely without concern.
It hardly amounted to much.
The majority of their wealth was channeled into financial investments.
After his wife had spent that 50-odd billion, all assets were transferred to Tengchao Commercial Management, and their family’s total commercial property holdings nationwide were already worth about 220 billion.
It could be said that this was extremely extravagant.
As long as these assets didn’t change much, their family would remain as stable as Mt. Tai.
There was no question of the drama depicted on TV, where wealthy families suddenly went bankrupt.
Chen Pingsheng returned to his company, where he first announced to the highest levels of the group the huge plan to buy back 50 billion worth of shares.
Then, he took out five billion to reward the entire team at Antler Coffee.
First was the spokesperson Liu Yifei, who received an endorsement fee of 80 million.
This was definitely the highest endorsement fee she had ever received.
Then there was Yang Qian, who had just given birth. She had been the acting CEO of Antler Coffee in the early stages.
Even though she didn’t receive shares,
Chen Pingsheng still rewarded her with 1.2 billion following the successful IPO.
As for Qin Xue, she personally received 30 million.
The rest of the executive team shared a bonus of one billion.
Each person received at least about three million.
The remaining 1.7 billion was all distributed to the excellent store teams at Antler Coffee.
Each person at a store that was rated excellent could receive fifty thousand.
It could be said that Chen Pingsheng turned the success of Antler Coffee’s IPO
from the joy of a few people into the excitement and happiness of nearly five thousand people.
Effort is rewarded, and that’s the best answer at Tengying Group.
He was not one for empty gestures; he genuinely and concretely distributed money.
It couldn’t be helped; he earned too much. If he didn’t share a few billion,
how could anyone understand the feelings he had at this moment?
Besides, a business was never just one person’s.
A traditional coffee enterprise valued at 18 billion needed twenty thousand employees to support the brand’s market value and future.