Rebirth: Super Banking System

Chapter 433: Chapter 349 Major Construction (Please Subscribe!)_1

The following day.

Under the matchmaking of the Mayor of Qingyan City, Zeng Quan, Yang Kai had managed to get in touch with the president of Qingyan City Construction Bank.

Thanks to Tang Qing’s prior instructions, the loan matter had been mostly agreed upon after lunch. It didn’t cost much, just millions. Although Tang Qing felt unhappy about it, he eventually allowed Yang Kai to agree to the deal.

What was funny was that, thanks to Zeng Quan’s influence, the bank only charged 2% in service fees, which is three million RMB.

They opted for post-payment.

As soon as the loan was deposited, Sheng Tang had to pay back. This happened only due to Zeng Quan’s influence; otherwise, the payment had to be made in advance.

What could Tang Qing say about this? He just considered it as an extra 0.1% interest. Why 0.1%? Because the loan term is three years, with an annual interest rate of over 6%, while this ’service’ fee is collected all at once. On average, the annual interest rate increased from 6.32% to 6.95%.

Compared to the local borrowing rate of 20% or even higher, when broken down, this already seemed like a price at conscience.

Hehe.

That was how Tang Qing comforted himself.

Actually, once things happened, it became easier to accept them.

No wonder many people like to lend bank money at high interests because there is nearly 15% profit in between. If the valuation of Sheng Tang wasn’t in place, Tang Qing even wanted to borrow more, as he wouldn’t be worried about not being able to pay it back.

Thinking about manipulating the valuation black box, Tang Qing decided to drop the idea. There was no need to play this. One hundred and fifty million RMB was enough for Sheng Tang, plus its business was meant to serve the end users. Money had to pass through their hands anyway. With the delay in payment term, it was no problem to ensure the quick development of Sheng Tang Group at all.

Meanwhile.

Sheng Tang Group had also signed an investment contract with Qingyan Economic Development Zone, with a total value of one billion RMB. In the next five years, Sheng Tang Group planned to pour in funds in installments to develop these over three thousand-mu lands.

The price of the land is virtually free. Once the annual investment requirements were met, the land would be free for Sheng Tang to use. It was also agreed that after five years, the thirty-year land use rights would be paid in one go, totaling thirty-eight million RMB.

It was incredibly cheap.

Thus, under Sheng Tang’s substantial investment, the land was quickly fenced. An area was set aside near Mingfeng Road for constructing the group’s headquarters and office buildings for subsidiaries, as well as a modern plant design, and employee dormitory. They were planning to move all the factories from other acquisitions here for easier management.

There were many other recreational facilities.

After Sheng Tang Group’s entire move, it would become a large community of over five thousand people, and the population would continue to grow as Sheng Tang grew.

May 18.

Wednesday.

Tang Qing visited the land Sheng Tang had just purchased.

The entire land covered over two square kilometers. One square kilometer is a square of one by one kilometer. It sounded small, but standing in front of it, one could feel its vastness. The land was irregularly shaped, Tang Qing almost couldn’t see the end.

He even felt like he might have bought too much.

But since it was already bought, he might as well use it slowly.

A group of people followed Tang Qing, from the design institute, client representative, project manager, supervisory unit, construction unit, all sorts of people, over ten people followed behind a child, all keeping quiet.

The owner of this construction unit happened to be Chu Jun, the same one who built the Sky Eye headquarters. Since they were acquaintances, and Chu Jun was not a bad guy, Tang Qing helped where he could. Whoever earned the money was earning it, plus, Chu Jun had a high credit score of over ninety.

Chu Jun felt somewhat trance-like staring at the familiar figure.

He had thought that Tang Qing was amazing before, but he hadn’t expected him to reach this level. A while ago, Tang Qing invested tens of millions to buy land and build the headquarters for one of his companies. That kind of behavior was like burning money. But not long after, he received another large order from Tang Qing, the construction contract for Sheng Tang Group’s headquarters.

The first phase was a big ticket of eighty million RMB, and all went to his company. As long as he remained diligent as always, without cutting corners, the contracts for the later few phases could probably all fall onto him. The mere thought made him uncontrollably excited.

Looking at the figure walking ahead, Chu Jun was filled with gratitude.

Walking behind Tang Qing, Yang Kai introduced the bustling construction site in the distance.

"...Our group’s office building is still being designed. The plan is twenty-four floors. Since we can’t rush it, the design institute has been amending the plan, so the blueprint will probably only come out by the end of this month. Hence the construction work hasn’t started.

However, there isn’t much variety in the design for the plant and dormitory. The design institute applied templates from past projects. So, what you see now, Boss Tang, is the foundation of the factory being dug. The factory buildings will be single-story steel structures. Equipment orders for apparel production have been placed. If the progress is fast, including decoration, equipment installation and commissioning, the entire plant will be operational after two months." Yang Kai introduced.

Tang Qing thoughtfully nodded and said, "Manager Yang, can the construction of the employee dormitory keep up with this schedule? It would be a problem if there’s no place to stay in time."

Yang Kai hurriedly said, "Rest assured, Boss Tang, there’s no problem. Since our land is large, we designed the employee dormitory as a three-story building without a basement, to cut down the foundation time.

According to the slowest rate of one floor per week, Chu Jun’s company could finish within a month, another month would see the completion of the water, electricity, and heating installation. Since we’re using the cafeteria model, no need to install gas pipelines. Add in decoration and the final drying, the entire industrial park can be fully operational two months later. However, the move to the new Sheng Tang Group headquarters probably has to wait till the end of the year."

Yang Kai had done sufficient preparation before coming, otherwise, he wouldn’t be able to answer Tang Qing’s questions and wouldn’t be qualified to be the CEO.

"One month of decoration, can we ensure safety? Workers’ safety is crucial," Tang Qing gently said.

"Don’t worry, Boss Tang, the dormitory isn’t like a home decoration, there’s not much furniture and we don’t use paint. The interior walls will be plastered, and floor tiles will be applied. The beds are different too, for singles, they get four-person bunk beds, for families, they get special small single rooms. We provide tables, chairs and benches inside, we will buy these furniture in advance and ventilate for a month, there’s not much harmful gas, you could even say it’s all within the safe range." Yang Kai said.

"Hmm, that’s good. Chu Jun, don’t rush the schedule too much. We can’t afford any accidents just because we’re rushing, we can take our time with the dangerous parts." Tang Qing reminded, he didn’t want any safety accidents to happen here.

"Understood. I will be careful and remind them to be cautious," Chu Jun rushed forward and promised.

"Hmm."

PS: Thanks for the reward from reader ’9915’.

Two more updates to follow.