Chapter 117: The expansion of Shengshi Cinema in RB
"Now Shengshi Bank has five outlets in Tokyo, with assets under management of more than 12 billion yen..." Shiro Yamada quickly and accurately reported the situation of Shengshi Bank's Tokyo branch. 12 billion yen sounds exaggerated, but in fact, it is only less than 50 million US dollars to exchange for US dollars at the current exchange rate. Otherwise, it would not be the turn of Shengshi Bank to acquire this bank.
In fact, Du Qi has read these information before. Now I listen to the report from Yamada Shirou, but it is just to confirm it with the previous information. At the same time, I plan to see the bank's situation with my own eyes and arrange the bank's work.
In the Shengshi Bank branch of Hong Kong, due to the turmoil in Hong Kong in the past one or two years, the main job is to maintain stability, and at the same time, see if there is any opportunity to use money funds to develop some customers. As for more profitable mortgage bonds, the housing prices are almost bargaining in Hong Kong.
The situation in Tokyo here is very different from that in Hong Kong, so mortgage loans and mortgage bonds are the main development goals of Shengshi Bank in Tokyo. In less than two or three years, RB's housing prices will usher in a crazy rise. How could Duqi be willing to miss this opportunity?
Thinking of this, Duqi felt that both the branches in Hong Kong and Tokyo needed to expand, but there was not enough funds to support them at present. Although the profits obtained through money funds and mortgage bonds were considerable, Shengshi Bank's rapid expansion in the United States still swallowed up a large amount of funds.
Shengshi Bank has been developing for too short, and it is still a private bank, so it is difficult to attract too many wealthy customers. Many traditional businesses of the bank have grown in the past two years only because of the expansion of Shengshi Bank itself. The actual business improvement is not obvious. Therefore, Su Ze intends to continue to expand, and to improve Shengshi Bank's traditional business, and at the same time develop more wealthy customers. It is not realistic to withdraw funds to support the development of the Hong Kong and Tokyo branches.
"It turns out that the more money the more it feels, the less it is. Especially in the stage of rapid development, any company is a gold-swalking beast." Du Qi couldn't help but sigh in his heart, but there was not much solution for the time being. The funds in his hands were useful, and he could only ask Xuezi Kitanyama: "Is there any target for the theater chains you can buy before?"
In the past few years, RB's theater business was not good, and more than half of the theaters were operating at a bleak or even at a loss. However, with the development of the RB economy in the past two years, the film and television entertainment industry gradually showed signs of recovery, and the situation of theaters began to improve gradually. If you don't take advantage of the fact that you buy a theater chain in RB now, you may have to spend several times more in a few years.
When he left last year, Duqi asked Xuezi Beishan to pay more attention to the situation of RB's theaters and quickly got an answer: "I have been in contact with several large theaters of RB in the past year, but most of them have no intention of selling them, and it is impossible for the other party to give up their controlling stake.
So I could only contact some small theater chains and separate theater owners. Due to the influence of economic development, some theater chains can no longer maintain, and many people want to sell theater chains to engage in the industrial processing and electronics industry with higher profits.
After receiving Mr. Du’s information two months ago, I assisted Mr. Todd who came here and started negotiations with these people. I have reached an agreement with the owners of multiple theaters and can sign a contract tomorrow. At a price of 7.5 billion yen, I will successfully own 17 theaters in Tokyo. Now Mr. Todd has gone to Osaka and other places to contact the purchase of theaters. I don’t know much about the situation there.”
Duqi nodded. RB's land prices are no longer cheap now, especially in Tokyo, which is the highest land prices in the world. The theaters purchased by Duqi are not small theaters, but are purchased together with land, so the price of about 30 million US dollars is not expensive. After a few years, the land prices will increase by ten times based on the land.
In Tokyo, seventeen theaters are enough. Duqi just wants to release movies more conveniently in the future, and hoard some fixed assets by the way. He does not want to monopolize all RB theater chains, so it is difficult to do this.
Regarding the scale of Shengshi Cinemas within the RB range, Duqi temporarily believes that reaching 70 or 80 companies is enough. The next RB expansion can be achieved through loan purchases or new cinemas.
If you want to achieve the goal of having 70 or 80 cinemas within the RB range, even if the acquisition price of other cities is cheaper than that of Tokyo, Duqi will probably pay more than 100 million US dollars.
When I arrived at the hotel where I stayed, I had a welcome banquet. I met several senior executives of the bank in addition to Shirou Yamada and the staff of Asian Development Company. I encouraged them and said that I would pay more attention to the development in Tokyo in the future, invest more funds in the Tokyo area, which affirmed the company's development prospects. He would stay in Tokyo for at least one month, and during this period, he would have plenty of time to inspect the bank and company.
In short, it is to look forward to the future, draw big pie, stimulate employees' enthusiasm for work, and at the same time promise to improve their current treatment according to the situation. Duqi has played these things smoothly now.
After the banquet, Duqi returned to the hotel suite and was preparing to take a bath in the hotel suite. After a while, he heard the knock on the door, and there was also Xuezi from Beishan outside, saying, "Mr. Duqi, do you need me to serve you in the shower?"
"Come in." Duqi said casually, and then saw Xuezi Beishan, who was wrapped in a white bath towel, walking into the bathroom, revealing her delicate collarbone and long legs.
Beishan Xuezi is not tall, but her figure is very proportional, so her legs look very long. She came to Duqi carefully and started to scrub Duqi.
Duqi did not have any extra moves and was just enjoying the other party's service for the time being. Over the past year, Kitanyama Xuezi has been in charge of the Asian Development Company and has performed quite well.
Originally, the company had a four-five-story community for sale, but because it was located in the suburbs of Tokyo, the sales volume was not good. It was this community that dragged down the original Dongxiang Construction Company, allowing Duqi to acquire the company and become the current Asian development company.
After using funds to pay off the original debt, over the past year, Beishan Xuezi followed Duqi's instructions and sold more than 60% of the houses in this community through various methods and began to purchase new land.
Chapter completed!