Having just spent 4.5 billion, and then tens of billions came, Yu Qingyang had some worries about happiness.

How to spend so much money?

Continue to buy property?

Then he really became Fang Ge, oh! Wrong, it should be Yu Qingyang’s mother who became a real Fang Mom.

Fifty-one percent of the state-owned assets cannot be changed. If HSBC wants to invest, it can only invest from the 49% of Yu Qingyang's mother.

No matter how much is discussed in the end, what is certain is that 10% of the shares are worth more than 20 billion.

The next day, after everyone sobered up, the formal negotiations began.

After more than a month of difficult negotiations, the market value of Huaihai Investment was finally determined at 25 million.

The calculation of market value is generally based on annual net profit multiplied by a coefficient.

The factor multiplied by Internet projects can often reach around 20.

As for the real industry, the coefficient is not that high, generally around ten, and most are below ten.

The combined annual net profit of Huaihai Investment's subsidiaries does not exceed 15 billion, and Yu Qingyang is already very satisfied with being able to obtain a valuation of 350 billion.

The valuation index is higher than that of most Internet companies, what else is there to be dissatisfied with?

When I was drinking before, I mentioned 600 billion, which was just to stimulate Feng Xiaochen with the strength of the wine. Anyway, with Mu En around, Feng Xiaochen had to endure it no matter how unhappy he was.

The reason why HSBC gave such a high valuation was also due to the previous performance of Huayu Investment.

Years ago, HSBC acquired 10% of Huayu Investment's shares with a market value of 2 billion.

Now, less than a year has passed, and the market value of Huayu Investment has risen to 150 billion.

Their net assets have reached 80 billion.

The return on investment reached seventy-five times.

It was precisely because of this investment that Feng Xiaochen was promoted two levels within a year, from vice president to current CEO.

It's a pity that Yu Qingyang did not agree to go public, otherwise the rate of return would be higher.

Ten percent of the shares were exchanged for RMB 35 billion.

Yu Qingyang made another report that all 10% of the shares would be exchanged for house property rights.

With the last report, the approval was smoother this time.

In comparison, exchanging house property rights can allow Huayu Investment to obtain large amounts of funds.

Xing Xiang received 4.5 billion in funds before and was not idle. Under Yu Qingyang's instructions, he established offices in Jinmen, Ludao, Jinling, Lin'an, Suzhou, Rongcheng, Qindao, Zhujiang, Yongcheng, Wenzhou, etc.

More than a dozen second-tier cities acquired land.

Note: In 2001, there were only four first-tier cities: Jingcheng, Pengcheng, Yangcheng, and Magic City.

Ludao, Jinling, Lin'an, Suzhou, Rongcheng, Qindao, Zhujiang, Yongcheng, Wenzhou, etc. are all new first-tier cities.

Of course, these are all things for later.

Mu En did not stay in Quanshui for long. When Huayu Investment officially launched negotiations with HSBC, Mu En said goodbye and left.

Xue Qin personally led the investment department to handle the negotiation work.

Yu Qingyang’s focus was on the tourist road project.

Dongcheng District Government, Office of District Mayor Wang.

District Mayor Wang has been in a pretty good mood in the past few days.

"Leader, we can be regarded as enlightened ones, right?" Yu Qingyang said with a smile.

"Haha...ha!" District Chief Wang laughed and said, "Although we Communists don't believe in that, we must admit that God is helping us this time!"

There is an episode in why District Chief Wang is so happy.

It is also a very enjoyable episode.

Just when the district government and the towns below were arguing over the issue of relocation of tourist roads, Quanshui experienced the heaviest rain and strong winds of the year.

On both sides of the tourist road, the houses that were built a year ago were all washed away the next year.

There is no need for urban management law enforcement teams to demolish the buildings.

God helped them dismantle them all.

Who would have thought that it would rain so heavily in September.

Originally, those houses were just improvised and built temporarily.

A house that can be knocked down by a kick cannot withstand the impact of heavy rain and strong winds.

The tourist road is a mountain road between valleys. Anyone who has been in mountainous areas knows that the wind in the valley is usually several levels stronger than the wind in other places.

So, overnight, only a few rooms were left.

This will save trouble. District Chief Wang no longer has to worry about the problem of the house.

Some people say that if it falls down, it can be re-covered.

Just kidding!

Do you really think the government is a freeloader?

I didn't pay attention before and let the common people take advantage of the loophole. You still want to fix it. Why don't you try to fix it?

Yu Qingyang laughed with District Chief Wang for a while before getting down to business, "Boss, these are the construction drawings of several bridges. The design institute has completed the drawing design!

Next we are going to launch a tender for professional bridge subcontracting!”

“Only the drawings for the bridge part are out?

When will the other drawings be available?”

“The tunnel construction is also fast. It has been sent for drawing review and should be passed by the end of the month.

The road part will be released later, in early October!"

"Well, I'll ask later!" District Chief Wang nodded, indicating that he would ask.

The so-called drawing review refers to the last step of the process after the drawing design is completed.

The construction unit will take the construction drawings to the drawing review center for policy and technical review of the drawings.

Only after obtaining the "Construction Project Construction Drawing Design Document Review and Approval Letter" can you handle other construction licenses and other related procedures.

These tasks were originally the work of the construction unit.

Who asked the tourist road project to adopt the FEPC model?

FEPC mode, the correct interpretation should be F+EPC mode.

F represents financing, and EPC is a general contracting and turnkey model.

To put it bluntly, it refers to general contracting to advance funds for road construction.

Therefore, the review of design drawings became a matter for Huayu Project Management Company.

"It's the same with separate bidding! We'll recruit the bridge subcontract first, and then the tunnel subcontract in a few days!" Yu Qingyang said with a smile.

The advantage of the general contract management model is that bidding can be conducted separately.

Drawing out some drawings and inviting bids once can save time greatly.

Including the design, bids were invited separately, with one bid for the bridge, one bid for the tunnel, and one bid for the road, a total of three design bids.

"How many bids are you going to give for the bridge?" We had discussed it during the design bidding process before, and we knew that Yu Qingyang had divided the entire project into many bid sections in order to speed up the progress.

"One mark!" Yu Qingyang replied simply.

There are eight bridges in the entire tourist road, including one large bridge with a span of more than 320 meters.

Others are small bridges.

"One bid is not easy to allocate!" District Chief Wang said noncommittally.

“Anyway, our company does not have the ability to construct large bridges.

So, whoever has the ability wins the bid!" Yu Qingyang shrugged indifferently.

The reason why Yu Qingyang did not mind the trouble and added a general contractor under the project management company was to give his company the opportunity to learn from others' experience in bridge and tunnel construction.

Three construction companies, Huayu First Construction, Huayu Second Construction, and Huaihai Engineering Corporation, have all established road and bridge branches and tunnel branches, and have also applied for second-level qualifications.

However, there was simply no experience in large-scale bridge and tunnel construction.

Don't ask, how can I apply for a second-level qualification if I haven't done anything before? This cannot be explained in the book, it can only be understood but not explained.

Originally, District Chief Wang had some ideas, but Yu Qingyang blocked him with one sentence and could not continue to mention it. He could only ask instead: "How many marks are you going to mark for the tunnel?"

"The tunnel should be divided into three or four markings!" Yu Qingyang said with a smile.

Naturally, he knew what District Chief Wang meant just now. What he said about our company is that we don’t have the strength to do it anyway. What he meant was that even our company can’t make money, so don’t mention your connections.

"Well! I'm still relieved about you, Director General Yu!
To be continued...