Becoming a Russian Oligarch After Rebirth
Chapter 987 - 893: Astonishing Amount_2

Chapter 987: Chapter 893: Astonishing Amount_2

Either that, or participate in the land auction and bidding process that was already in implementation—highest bidder wins!

But a large commercial complex like Joy City, that’s considered an investment project.

Once developed, it could significantly improve the city’s appearance, elevate the local consumption environment, create a considerable number of job positions, and continue to provide the local area with tax revenue.

Moreover, this is an absolutely green and pollution-free environmental protection project...

Such investment projects are naturally welcomed everywhere.

Although obtaining a good plot of land still requires going through the auction and bidding process, there’s much room for maneuver.

For example, communicate with the local government departments in advance, promising to invest a certain number of billions to build a top-tier commercial complex, bringing in a certain number of well-known domestic and international brands, stimulating high consumption, and the expected tax revenue...

Throwing such a "large pie" out there, back in 2004, almost every city would be tempted.

Because at that time, the whole country was engaged in attracting investment, such massive investments often amounting to tens of billions or even over a hundred billion, especially for high-end commercial projects, were absolutely a "hot cake"!

Therefore, Zhang Xiaoxi could put forward her demands.

A project like Joy City must be located in a prime commercial circle, in the center of the city.

So, let the local government demolish what needs to be demolished in the old commercial circle, relocate what needs to be relocated, and clear out the land!

The city center, well, shouldn’t have a large number of old buildings to begin with; otherwise, how would it be able to showcase the local economic development?

To replace those with a high-end commercial complex like Joy City would surely be killing two birds with one stone.

...

After hanging up the phone, Zhang Xiaoxi felt a surge of excitement.

Because Wang Ye had just promised her over the phone that he would continue to invest in the asset management company she was responsible for over the next three years, with an amount reaching thirty billion CNY!

According to the exchange rate at the time, that’s about three point six billion US dollars, or in other words, one point two billion US dollars a year...

This money, of course, was for the nationwide expansion of the Joy City project.

At the same time, the newly established commercial real estate company was a joint venture with Yukos.

Wang Ye would also get Yukos to put at least thirty billion CNY into this commercial real estate company!

Together, just the additional capital would be as high as sixty billion CNY; at that time, this was definitely a staggering figure!

And for commercial complex projects, usually, the startup capital or rather the company’s own funds didn’t need to be that much because you could take out bank loans.

Banks were also eager to provide loans for such commercial projects because the land was fixed and could be used as collateral.

Furthermore, Joy City Commercial Real Estate Company had the benchmark project of Joy City in Xidan in the capital, which obviously meant the success rate for new projects would be relatively high.

This was like a hen that lays golden eggs on a continuous basis; there was definitely no financial risk.

In this way, as long as Zhang Xiaoxi was flexible with her tactics, she could easily leverage at least three hundred billion worth of projects with sixty billion CNY in own funds...

As to how large this real estate company will grow, Wang Ye was waiting to see!

As for where Wang Ye would get so much capital, that question was simple. Let’s not forget that he is now the largest shareholder of the Yukos Group!

Yukos Group has expanded its business at a staggering rate these past years, and with the continuous rise in international crude oil prices, Yukos Group’s profits have also reached a new peak.

Although it’s not yet time for the year-end dividend, and the specific financial data has not been tallied, Wang Ye knows that this year’s dividend will certainly be an astonishing amount...

Perhaps, just the dividend from Yukos Group alone would be enough to meet the pledge of over three billion US dollars to Zhang Xiaoxi.

In addition, he was also a major shareholder of Russian Gas Industry Group and Siberian Gold.

Let’s not talk about the other companies. Besides Xiao Ying Group, it’s unlikely that any of the rest will pay dividends.

Because those companies are still in their growth phase, not only can’t they afford dividends, but they may still need Wang Ye to continue investing...

But just relying on Yukos Group, Russian Gas Industry Group, and Siberian Gold, Wang Ye’s dividends at the end of the year will certainly be an exaggerated figure!

...

Zhang Xiaoxi, young as she was, already controlled a gigantic company with assets of a hundred billion, which could even reach several hundred billion later on—how could she not be excited by this...

Although she was a distinguished Tsinghua graduate, other classmates didn’t even dare think about taking charge of such a large company; even just trying to get a job there would require passing through several rounds of interviews with no guaranteed success.

It could be said that compared to her peers, she had far surpassed them!

But when she thought of Wang Ye...

Zhang Xiaoxi felt a slight sense of defeat, she could only say that this old classmate was truly outrageous!

In comparison, she still considered herself an ordinary person!

Zhang Xiaoxi was thinking about something , but Wang Ye naturally did not know about it; now that the end of the year had come, he became busy again.

Not to mention the messy things in government affairs, by the year’s end, various Group companies had also started to prepare their annual financial reports.

He convened a meeting with the company directors and shareholders to discuss year-end bonuses, the coming year’s development, and other major issues.

Wang Ye, serving as chairman or president of several Group companies, of course, had to attend these meetings.

Therefore, this month on the streets of Moscow, that uniformly colored fleet of Land Rover Range Rovers frequently appeared, drawing the attention of passersby...

At the end of December, New Sun Group was the first to hold its board meeting.

The ownership structure of this company was relatively simple; basically, Wang Ye had the final say, with most of the shares concentrated in his hands.

The board meeting was full of familiar faces; now, Ruan Xiaozhu and Big Head Kong were the ones in control of the Group.

As usual, they let Big Head Kong give the report.

The short and overweight Big Head Kong rarely had the chance to see Wang Ye; for today’s meeting, he had specifically donned a tailor-made suit and a bright red silk tie, his hair so slick that not even a fly could land on it!

With business going so smoothly these past two years, Big Head Kong’s complexion had turned even rosier, and his weight had increased by a "tonnage"—he was indeed a "heavyweight" figure!

Upon standing up, he wore a beaming smile, his eyes—which were already small—now squinted down to slits.

First, he respectfully bowed to Wang Ye and then loudly began his report:

"Respected Chairman, honored directors! Let me now report to you the company’s revenue this fiscal year..."

As Wang Ye listened to Big Head Kong’s report, he flipped through the financial statements at hand.

It had to be said, after the integration of Moscow’s major wholesale markets, coupled with the collective efforts of the management team, New Sun Group had indeed developed very well.

Wang Ye vaguely remembered that last year’s net profit of New Sun Group was around six billion US dollars.

This year, although the company had spent two billion US dollars on acquiring the Alpha Hotel and two office buildings some time ago, there was still as much as eleven billion US dollars in cash on the books!

This was the net profit...

Leaving one billion as working capital, the remaining ten billion would be used for dividends. According to Wang Ye’s shareholding ratio, he would pocket 6.5 billion US dollars!

Even Big Head Kong could pocket one billion US dollars—he must be, without a doubt, the richest Chinese person in Moscow now!

Of course, this didn’t include Wang Ye himself.

After Big Head Kong’s report concluded, Wang Ye led the applause, commending the management team for their hard work throughout the year.

Then Wang Ye announced the decision on dividends and the Group’s business direction for the next year.

He spoke in broad terms; the specifics still had to be discussed and executed by Ruan Xiaozhu and Big Head Kong.

They just had to ensure it didn’t deviate from the course set by Wang Ye.

Ruan Xiaozhu, who currently didn’t have any shares in New Sun Group, nevertheless received an assertive statement from Wang Ye that he would grant a generous red envelope to all the senior executives!

Furthermore, as long as New Sun Group’s development met expectations and accomplished the planned goals next year.

Then, by the end of the next year, the management team would receive equity incentives!

This speech, of course, received thunderous applause from everyone present...

Working under such a generous and straightforward boss naturally filled the subordinates with passion and drive for their work!