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Chapter 703: Chapter 607: Control Up and Downstream (Seeking Subscriptions!)_1
After a meal.
Everyone became familiar with each other.
With Tang Kai present, Zeng Ming purposefully toasted him several times because, apart from himself, Tang Kai was the only one who could speak fluent Chinese. Being fellow Chinese, it was natural for them to stick together.
As for another Chinese-Mandarin speaker Wei Hao, his Chinese had a bit of a dialect, which Zeng Ming found a bit hard to understand but they could still communicate.
Through chatting.
Tang Kai also learned some basic information about Zeng Ming.
A typical Wenzhou businessman who abundantly enthusiastic about doing business. He took advantage of the right time and backed by the powerful Wenzhou business community; he made his fortune by venturing all over China and abroad, seeking all kinds of opportunities, starting from selling digital watches and lighters.
However, "big" is relative. His total assets are about 800 million RMB, which can’t compare with Tang Kai. But behind him is the powerful Wenzhou business community, so his strength can’t be underestimated.
Zeng Ming’s main business now is exporting low-cost electronic products to various African countries, which is no small venture.
The two agreed to meet privately later.
...
After the meal.
Everyone went their own way.
They were all busy people with a ton of things to do next.
Yesterday, after the bidding was over, the construction company jointly owned by Tang Kai and Wangsa secured a 4.9 billion Asia Dollar construction contract.
This brought immense joy to them. 4.9 billion Asia Dollars, accounting for 43% of the total foreign bidding construction amount in ’Xin’an City’, making them the biggest winners in this bidding.
Both were excited all night long yesterday.
Luckily, they didn’t have to personally manage the company. At Tang Kai’s strong suggestion, this joint company was also entrusted to Sky Eye. For the next half a month, Sky Eye will re-evaluate and internally re-organize it.
And it will be responsible for recruiting qualified personnel for the company.
Because the contract is so large, even if the previous construction companies were put together, they still couldn’t accomplish it. Here, subcontracting in construction is strictly prohibited, so this joint company would need to hire a large number of technical personnel and workers.
The entire company’s reorganization and subsequent recruitment plans were packaged to Sky Eye for 2 million RMB.
Sky Eye, who got the task, was also putting quite an effort. It had previously earned about a million RMB from Tang Kai’s merger and acquisition case. Suddenly, a project worth 2 million came up, which also made them extremely happy, so they immediately organized manpower to start working on it.
A hands-off boss.
Tang Kai started to like this kind of management style more and more.
His nephew really knew how to do things. He didn’t have to worry about everything himself. Due to the unique position of Sky Eye and the limitations of its services, Tang Kai didn’t have to worry about Sky Eye and the company being supervised colluding with each other.
Even though they had won the bidding contract, building high-rise buildings didn’t start with the construction of the building itself, but with the completion of the minimal "three supply, one leveling." Then, large excavating machinery would start to dig deep foundations, pile driving, etc.
The geological exploration and design had already been completed.
This is also the reason why Sky Eye has at least half a month’s time for internal restructuring.
Only when the foundation is completed will it require a large number of workers. It would take almost a month before the actual building can begin. In other words, Tang Kai and Wangsa didn’t need to worry about the construction company at all for now. They just need to check on the progress from time to time.
After leaving Su Yu’s house.
Wangsa immediately rushed back to report today’s events to his father.
As for Tang Kai, he returned to his little villa, which Tang Qing had reserved for his uncle from Ling under the pretext of offering benefits to members of the Myanmar-Asian Chamber of Commerce. It was handed over to Tang Kai yesterday with an annual rent of 10,000 Asia Dollars, including water, electricity, and gas.
At this moment.
Liu Qian was eagerly waiting for Tang Kai’s good news in the villa.
Seeing Tang Kai’s car coming in.
Liu Qian immediately went out to meet him.
"Brother Tang, how did it go?" Liu Qian asked with a smile.
"It’s done. Let’s go pick a project now, or we might miss out if we go late." Tang Kai got off the car and was ready to go with Liu Qian right away. Fortunately, each member of the Chamber of Commerce only has three spots. Otherwise, he wouldn’t be so relaxed.
"Alright." Liu Qian agreed.
Having said that, the two left the villa.
The villa isn’t far from the office building of the Myanmar-Asia Bank Group. It’s only a ten-minute walk. Therefore, the two didn’t drive. The security in the area has reached the point where houses are not locked at night, so they were not worried about their safety.
Tang Kai knew that the management of petty thieves, fights, and chaos had become very strict here. Trouble makers were now all relearning how to be useful to society in the mines.
Soon enough.
They arrived at the office building of Myanmar-Asia Bank Group.
This is a newly built five-story building mainly for handling all matters related to the Group. It is not the office place for the subsidiary companies.
There were many people coming and going in the building. The front of the building and the courtyard were filled with cars. This is also the reason why Tang Kai didn’t want to drive here. He would probably not find a parking spot.
It wasn’t this busy before.
But ever since the establishment of the Myanmar-Asian Economic Zone, the area under their jurisdiction has grown, and there are more companies. Especially in these few days, the doorway has been almost trampled by people coming to do business. Perhaps, there were people from their construction company coming for consultations or to deal with procedures.
Fortunately, the Group’s efficiency is high and they don’t drag their feet. But because the authorization of the Myanmar-Asian Bank Group is so vast, it inevitably results in queueing for services.
Tang Qing had already given the order to fully digitize and streamline the approval process within two months. Seeing everyone crammed together, it reminded him of the lines back home. It was irritating.
Upon entering the building.
A male attendant immediately came forward with a smile.
"Hello, Mr. Tang, what can I assist with?"
"You recognize me?" Tang Kai asked skeptically, was he that famous? It was his first visit here; he had only passed by during a walk before.
"We naturally recognize members of the Chamber," the attendant replied respectfully. Being a soldier, when his commander’s uncle came, he was naturally privy to the warmest service.
"I would like to select a project. Where should I go?" Tang Kai inquired, not suspecting anything.
"Please follow me."
Guided by the attendant, Tang Kai was led to the furthest room on the first floor. By the time he arrived, some other Chamber members were already there - only Burmese people.
"Thank you," Tang Kai said to the soldier.
"You’re welcome." The soldier gave a smile and turned to leave.
Tang Kai then gave a collective greeting to them as he couldn’t remember all their names, better not to offend anyone.
The Burmese members looked somewhat puzzled. There was no one to guide them when they entered; the attendant simply pointed where to go. But they didn’t say anything, perhaps Tang Kai frequented here often. They went back to looking at the projects.
"Mr. Tang, please sit." Another soldier in the room led Tang Kai to a sofa. The room was spacious, with several reception areas similar to pub booths.
"I’d like to select a project. Are there any procedures I need to follow?" Tang Kai asked.
"No, just a moment, I will hand you the directory." The soldier took a large dark gray leather folder from a nearby cabinet.
Tang Kai took the folder and began to review it. It was somewhat different from before. Many of the projects he saw this time could relocate their equipment, but those with a high level of technological content were not allowed.
At the same time, some spots had been unlocked, like the brick factory. Now that the territory was larger and transportation costs were high, local brick factories were a necessity.
Tang Kai was not surprised at this.
He gave the project list to Liu Qian.
"Mr. Liu, take a look and choose one," Tang Kai said, handing it over and asking a staff member for another one to review for himself. He was leaving one spot for Liu Qian and had two for himself. He needed to choose carefully.
Liu Qian skimmed through the directory.
His eyes grew wider as he did not expect to find such a complete industrial layout here. But he knew he could only choose one, and quickly found a project that interested him.
A large cable factory. The investment was not small, but it was within his capacity.
Looking up at Tang Kai, Tang Kai also noticed Liu Qian’s gaze.
"Made your choice?" Tang Kai asked.
"Yes, this one," Liu Qian pointed to the picture on the page.
"Large Cable Factory, fifty million Asia Dollars. Good choice. Are you sure?" Tang Kai nodded. Previously, the cable factory slot was full. But now, with such a large expansion and the opening of the Burmese market, two more slots were opened.
However, this time, they were slots for a large cable factory. No more small or medium-sized ones would be set up.
"Hello, are there any slots left for this?" Tang Kai asked the soldier.
"Yes, would you like to register now?" The soldier replied without hesitation. Because the eight Burmese people hadn’t chosen anything yet.
"Yes, please register it." Tang Kai nodded.
The soldier turned and left to start the registration.
"Tang, what projects are you planning to pick?" Liu Qian curiously asked again.
"I have two slots left. I’m going to choose aluminum alloy product processing and a motor factory. The previous slots were taken, but now two more have opened. This way, my electric car will have two less cost links. I’ll definitely be using cable in the future. You have to give me a discount," Tang Kai explained with a smile.
This time, he finally gained control over the upstream and downstream businesses. Of course, it wasn’t complete control as raw materials were still in the hands of other companies. However, the profit from raw material processing is the least, so he didn’t mind.
Then he would only need to outsource a few parts to assemble his own electric car. If Sky Eye’s profit estimates are accurate and the territory tax policy remains unchanged, his profit margin would be substantial.
With a larger profit margin, his ability to withstand risks would be stronger. In the worst-case scenario, he could wage a price war and outperform most of his competitors.
"Haha, no problem, I’ll give it to you at cost," Liu Qian chuckled. Although he said that, he knew Tang Kai wouldn’t take up his offer.
"That won’t be necessary. Business shouldn’t be done that way," Tang Kai waved him off.
Then Tang Kai asked the staff to register these two projects.
At this point.
The eight Burmese people were still indecisive.
There were too many good items, they couldn’t decide. They became a bit anxious seeing Tang Kai and Liu Qian had completed their selections. Finally, they bit the bullet and decided to jointly invest in urgently needed industries.
Damn it.
They felt like they had been deceived by Ling.
Looking at this directory, they realized that Ling was not as simple as he seemed.
It seemed that now they were caught in the trap and didn’t want to get out, otherwise, they wouldn’t be able to bear the consequences. But they had to be careful with Ling and they had to report this when they got back.
Ling seemed to have grand plans.
