Becoming a Russian Oligarch After Rebirth
Chapter 530: Blessing in Disguise_1

Chapter 530: Chapter 530: Blessing in Disguise_1

As a rational person, after hearing Mikhail’s words, doubt would certainly arise.

Could this incident have been orchestrated by Mikhail himself, with the goal of buying my ACT Market at a low price...?

Maylov, of course, considered this possibility.

However, he quickly dismissed the thought.

Because he knew perfectly well that with Mikhail’s current fortune and status, there was absolutely no need for him to resort to such tactics!

Put bluntly, his ACT Market probably no longer holds any attraction for Mikhail!

Though they haven’t been in touch much recently, Maylov has been keeping up with the news about Mikhail.

His ventures into the Siberian gold mine, the ten-year billion-dollar investment in Crimea, United Aviation Group, the China-Russia Oil and Gas Century Order ...

All made Maylov feel overwhelmed!

In front of these businesses involving billions, even trillions of US dollars, what’s his ACT Market worth...?

......

After much hesitation, Maylov wanted to try to "rescue" his business once more. He asked with a bitter smile, "Is there really no other way out? Is this the end?"

Wang Ye shrugged and delivered another piece of bad news.

"Oh, I forgot to tell you, this morning we just passed a new law at the Duma.

From now onwards, markets without import franchise rights will have to be shut down!

Otherwise, they will be liable under law.

And this franchise right is exclusively held by the New Sun Group and won’t be issued to any other business in the foreseeable future."

Well, alright then, Maylov had utterly lost hope.

They even enacted a law!

How can he continue with his business...?

With a depressed face, Maylov said, "I understand now. I resign myself to the reality! I’ll sell you this market. In the future, ACT will transition to the hotel and real estate business. Especially the real estate market, I feel it will have a promising future."

Wang Ye chuckled, "A wise decision! I can tell you that within the next ten or even twenty years, real estate will be a very profitable industry. It could make much more than running a wholesale market."

He didn’t try to deceive Maylov, considering the rapid development of real estate, especially in Moscow and Petersburg, in the coming two decades.

If you start getting into real estate development and hoard land at this time, it would be hard not to make money later!

Of course, the upsurge of real estate here is incomparable to a certain other country.

But in Russia, it is indeed highly profitable business, Maylov has some right insights.

Upon hearing Wang Ye affirm his idea, Maylov showed a hint of a smile. The ACT Group had been engaged in hotel and real estate businesses before, just not on a large scale.

In this desperate situation, their only choice was to transition.

Now he probably had no idea that pulling out of the wholesale and distribution market to focus on real estate could be a blessing in disguise!

......

In acquiring the ACT Market, Wang Ye did not rub salt into the wound; he offered a reasonable price.

One hundred million US dollars, including the land, management team, and all existing buildings, a complete acquisition.

Of course, this price certainly wasn’t the pre-seizure appraisal. It included a discount.

But to be able to sell it at this price, Maylov was already quite satisfied!

If Wang Ye hadn’t stepped in to buy the ACT Market, truth be told, he would have been stuck with it because no one else would have taken it over...

With the new law prohibiting others from operating similar large markets, who would want to buy the ACT Market?

Besides, after such a major seizure, even if it could continue to operate, the business owners probably wouldn’t dare to come back and do business there!

Of course, these problems don’t matter to New Sun Group at all.

Maylov left Wang Ye’s office feeling quite satisfied.

At least he no longer had any problems on his mind, having managed to sell his ACT Market at a fairly decent price.

As for the goods of the business owners that were seized, Maylov didn’t ask at all!

After all, he wasn’t the one to take a loss, and he couldn’t solve this big problem with his ability, so why ask...

Whether the business owners would "jump off the building" or incite a riot, he couldn’t handle those issues!

......

With the acquisition of ACT Market and Lyublino, the New Sun Group now had a monopoly on the entire wholesale and distribution market of Moscow.

There are similar markets in some border towns within the country, but they are too small to be of any consequence. Wang Ye didn’t bother to manage them.

He planned to have these three markets reorganized.

Firstly, to completely demolish the old ACT Market and rebuild it!

Along with the New Sun Phase Two, it would be constructed in a uniform style, which in the future would be dedicated to traditional goods wholesale such as shoes, hats, clothes, socks, handbags, and accessories, etc.

As for the Lyublino market, with its superior infrastructure and location.

Wang Ye plans to transform it into an electronic product wholesale and retail market!

The market potential for this type of product is very large, like computers, mobile phones, cameras, MP3 players, various home appliances, etc.

The price is much higher than that of clothing and bags, so if it were to be implemented, the market revenue would also be much higher.

This can be considered a new major category, it has not yet developed on a large scale in either New Sun or ACT markets.

But Wang Ye knew that these types of products would soon have a boom!

However, he could discuss these matters with Big Head Kong later or mention them at the Group’s high-level meeting.

Let Big Head Kong and others implement those, there was no need for him to worry about it himself.

......

That day, all the bosses in the entire market, including the New Sun Market, were filled with trepidation.

Many had no mind to conduct business that day, as they were more focused on the outcome of the ACT Market that had been seized.

Although this incident didn’t affect the New Sun Market, don’t forget, most of the merchants at New Sun had moved over from the old ACT.

Even some Chinese businessmen still have their own shops in the old ACT!

Or in other words, there are some African or Vietnamese merchants who source goods from Chinese businessmen, acting as distributors.

There are many connections between the two markets.

Watching the ACT Market being seized, and this time apparently more severe than usual, many had a foreboding that ACT was probably finished this time!

Actually, whether the ACT Market goes bankrupt or not isn’t what everyone cares about, even though some Chinese businessmen may also suffer substantial losses.

The key question is, will there be any problem with the New Sun Market!

Although the New Sun Group has already promised to secure the property of merchants, if any problem arises, full compensation is guaranteed!

But can we trust this promise ...

Who knows.

If it ends up like ACT, being directly seized from above, it might be difficult even to find anyone from New Sun Group then!