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Chapter 850: Chapter 738: Self-Build (Subscribe Please!)
They had a general intention.
Next,
was to discuss the issue of capital injection.
It must be understood that in this real estate company, each of the four individuals owned twenty-five percent of the stocks, and since Tang Qing at that time was only contributing financially and not effort-wise, the amount he put in was double that of everyone else’s, a ratio which Tang Qing did not find objectionable.
Chai Ren was responsible for acquiring land at low prices.
Bao Kaiyu and Zhai Zhihua were in charge of approvals and loan matters. Even without Tang Qing, they could still play well and making money was inevitable. This real estate company obviously was just Chai Ren’s way of letting Tang Qing come in and pick up easy money.
However, this time,
Chai Ren was not planning to do the same.
Since it was a friendly price to let Tang Qing make money, then ’friendship’ must be valuable, only then could it count as a friendship price.
"The scale of capital injection this time might not be small, do you two have any problems? Moreover, for this investment, I suggest contributing strictly according to the proportion of stocks, not more, not less," Chai Ren said with a serious face.
Bao Kaiyu and Zhai Zhihua could not help but frown slightly.
Looking at Chai Ren.
Wanting to say something,
but they still didn’t speak out. Chai Ren’s intention was clear, Tang Qing’s investment amount would be the same as theirs, not the double amount from before. Even though they owed him for today’s meal, with such significant interests at stake, how could Chai Ren be willing to let go?
But the two were not fools,
knowing Chai Ren was not a fool either,
and the Chai Family was certainly not fools.
So, what was the reason that drove Chai Ren and the Chai Family to act this way?
The box fell into deep silence for a time.
Pleased with Chai Ren’s strong support, Tang Qing saw the two were still hesitating. Given the current atmosphere was not suitable to continue this topic, he quickly said, "I think we better discuss this after the Chinese New Year, first let’s analyze the market properly. I guess by that time my movie will be released, and I’ll have money in my pocket, and then we can discuss the capital investment properly."
Hearing Tang Qing propose to delay,
they felt it was a good idea. It was almost Chinese New Year, so such matters, even if urgent, had to wait until after, there was indeed no need to rush now.
"Good, we will talk after the New Year," Chai Ren nodded.
"Agreed,"
Bao Kaiyu and the others also agreed to put it on hold for now.
Zheng Lin, on the other hand, was not very interested in this business. His sole interest was in the release of Comet Entertainment’s movie. If this went well, it wouldn’t make money slower than real estate and could even be more.
Therefore, he was just playing with his daughter on the side, not getting involved.
But just now when Tang Qing mentioned the theater circuit,
Zheng Lin became interested.
He asked, "Little Tang, when will the theater circuit company be founded?"
Tang Qing thought for a moment and said, "At the beginning of the year, I might need your help when applying for the theater circuit license then."
Zheng Lin assured, "No problem, leave it to me, definitely done. How do you plan to expand the theater circuit? It cannot rely solely on the real estate company, that would mean waiting too long, with still very few theaters, really uninteresting."
Zheng Lin also scorned the real estate company’s support for the theater circuit strategy as being almost useless in the short term.
Of course, Tang Qing knew this.
A construction cycle of several years for commercial real estate was normal; to rely on this real estate company was utter nonsense, jokes weren’t made this way. Years would pass, and only a few cinemas would be established, which would indeed be a joke.
Therefore, Tang Qing said, "Of course not, I can’t possibly wait several years. Mainly, I want to use this real estate model to enhance the brand reputation of the theater circuit. The initial phase is mainly about large-scale acquisitions, to first spread the number of Comet Entertainment’s theaters."
"Buying a good theater circuit is not easy," Zheng Lin objectively assessed.
"I know, but where there’s a will, there’s a way. I plan to start from three directions. First, acquiring an existing theater brand, even if it costs a bit more; second, cooperating with local commercial real estate companies to have them include more cinemas in their development plans—we’ll fund it; third, actively expanding the movie screening market in small and medium-sized cities by building small multiplex cinemas," Tang Qing said as thoughts came to him.
After all, it’s nothing but buying, renting, or building. There are really only so many ways to go about it based on these three points.
"That sounds like a solid plan. Are you confident?" Zheng Lin thought it was quite feasible.
"How would we know without trying? Don’t worry, the money for this part doesn’t need to be infused with new capital; the profits from the movies should be enough to support this expense. However, your dividends might be delayed indefinitely," Tang Qing said with a smile.
Dividends.
Such a distant word.
"Whatever, I’m not short on money. The company’s development is what matters," Chai Ren said indifferently.
"I feel the same. Investing is all about earning more. But about building our own cinemas, how did you think of that?" Chai Ren was not in a hurry for dividends either; he was more concerned about feasibility.
"Building our own cinemas aims to capture the market in small cities and county towns. In busier districts, the idea is to construct entertainment hubs primarily focused on cinemas, alongside other service facilities like gaming zones, internet cafes, and tea bars.
I think this model is most suitable for county towns where land is cheap, and there’s no need to worry that a large shopping center might suddenly appear next door and take away business. Of course, let Sky Eye worry about the specifics and conduct the research; I’m just throwing this idea out there," Tang Qing explained.
Zheng Lin was speechless, bursting into laughter, "Haha, poor Sky Eye." He wasn’t sure if Tang Qing’s idea would succeed, but with Sky Eye as insurance, there wasn’t much to worry about.
Sky Eye will definitely provide a report. Whether it’s feasible or not isn’t his concern. Decisions will be based on Sky Eye’s report; even if it’s wrong, it’s just a bit of money.
Comet Cinema will definitely be profitable in the future.
He can’t lose.
So he let Tang Qing have free rein.
Chai Ren thought the same. Tang Qing, as the chairman and majority shareholder of Comet Cinema, had his own money. Let him do as he sees fit; even if he ran out of money, Chai Ren could chip in. Besides, Tang Qing clearly wasn’t lacking in funds—whatever made him happy.
Hearing how easily the others entrusted possibly billion-RMB projects to Tang Qing, without any oversight, Bao Kaiyu and Zhai Zhihua exchanged glances.
Both saw the shock in each other’s eyes.
These guys.
When had they become so easygoing, letting Tang Qing handle things however he liked?
This made both of them feel a bit ashamed. Just now, they had indeed been a little too petty, which also made them more curious about why Chai Ren and Zheng Lin were so accommodating with Tang Qing.
What made Tang Qing so special?
Neither could figure it out for the moment.
...
After dinner.
The group was taken to Liu Qian’s hotel.
As the only five-star hotel in Qingyan City, it was also where the employees of Tang Qing’s subsidiaries and the executives of a few other companies were staying during their visit to Qingyan City.
For this reason,
Tang Qing had booked three floors of rooms.
Tomorrow was the day Pu Chaodong and his team were to arrive, and there was no need for Tang Qing to pick them up; Sky Eye personnel would handle it. The morning after next, the celebrities Zheng Lin contacted would arrive in Qingyan City.
They would familiarize themselves with the area during the day and perform in the evening—quite a rush.
In the meantime, the performance team for the annual meeting was already undergoing intense rehearsals and getting familiar with the process, strictly to ensure no mishaps on stage. But even if there were slip-ups, it wouldn’t matter much—it’s just an annual meeting, not a very formal event.
