After discussing the plan for the renovation and commercial development of the shantytowns of the National Expo Park plot with Gao Weicheng, Ren Pingsheng immediately began to prepare for the relevant matters of participating in the National Expo Park project.

Although Ren Pingsheng has no experience in working in the real estate industry, he still has an understanding of real estate development procedures.

Since the Ministry of Land and Resources issued Order No. 11 in May 2002, promulgating and implementing regulations on bidding, auction, listing and transfer of state-owned land use rights, except for public services and welfare charity land that can be allocated, other commercial land must be sold through bidding, auction and auction.

The emergence of the bidding and auction system has made land transfer more open and transparent on the one hand, and on the other hand, it has also made bidding the main factor in land acquisition, pushing up land prices and real estate prices in disguise. It can be said that the emergence of the bidding and auction system is the starting point for the price increase in China's real estate market.

To this day, the bidding and auction system has been implemented for five years. Local governments have no reason to interfere in the transfer of commercial land, whether from the perspective of their own interests or from the perspective of administration according to law. The political risk of doing so is too great and cannot be paid.

Gao Weicheng was able to reach his current position, so he was naturally very familiar with the light and dark rules in his career. Even though Ren Pingsheng made great efforts in his political achievements, there was no reason to change the way of land for this young man.

Gao Weicheng can help Ren Pingsheng achieve his goal in other ways, but the rules on the surface cannot be changed, and everything must be done according to the rules.

Therefore, if Ren Pingsheng wants to obtain the land of the National Expo Park, he can only go through the public bidding and auction channels.

To participate in land auctions, there are two necessary conditions.

First, you need enough money.

According to the relevant regulations on bidding and auction, bidders must pay a deposit of no less than the market price or appraisal price of the target, which is the most basic entry-level condition.

Through Gao Weicheng's arrangement, Ren Pingsheng learned from the Municipal Land and Resources Bureau that the area of ​​the land that can be sold in the Guofei Park is currently 100,000 square meters. Due to geographical location and shantytowns, the appraisal price of the land is not high, but it is also 8,000 yuan per square meter, and the starting price of this land will reach 8000 million yuan.

Therefore, if Ren Pingsheng wants to participate in the auction of this land, he must first pay a deposit of at least 40 million yuan, which is the first step.

If the land is successfully auctioned, Ren Pingsheng will have to pay a land transfer fee of no less than 800 million yuan as agreed in the agreement. This is the second step.

Only after these two steps can this piece of land be truly taken down.

In China, as long as you can get the land use rights, a large number of financial institutions will naturally provide you with financing channels for subsequent development, so you don’t have to worry about money at all.

What Ren Pingsheng has to consider at present is how to pay and pay the deposit and transfer fee.

During the first round of financing of Wanyou Games, Ren Pingsheng personally cashed out a total of 70 million yuan to be accounted for, of which 30 million yuan was lent to Wanyou Company for turnover and use. Later, he had returned the money to himself through a board resolution. He spent 25 million yuan on his personal acquisition of YY Voice, and invested in Shunwei Fund. Currently, the remaining funds in his hand are less than 30 million yuan.

Most of the 30 million yuan will be invested in the "Shunwei Fengkou" fund to invest in the Jingxi Mall, so there is not much cash left in Ren Pingsheng's hands.

In addition to the mortgaged real estate, Ren Pingsheng still has three stocks in his hands. Although these stocks have risen amazingly, they have not reached the harvest price he has in his heart. It is not yet time to cash in stocks, so he can only raise funds from other channels.

At this time, the value of Wanyou Game, the cash bull, is reflected. The company is now making more than 2 million yuan in profits every day, and the accumulated funds in the company's account have reached 400 million yuan.

It's time to let Wanyou Game feed back to itself.

Although it is a bit unkind, Ren Pingsheng, as a major shareholder, still has the right to decide on borrowing money from the company.

After some discussions by the Wanyou Game Board, it agreed to borrow RMB 350 million from major shareholder Ren Pingsheng for one year with an interest rate of 7.3%.

Although ICG Capital, the company's second largest shareholder, agreed to Ren Pingsheng's loan, it also put forward conditions to require Wanyou Games to speed up its listing and complete its IPO on the US stock market by the end of the year.

Ren Pingsheng and other directors agreed with ICG Capital's proposal. With the joint efforts of the company's legal department and Junheng Law Firm, Wanyou Game's VIE structure has basically been built. Next is the necessary financial audit before listing. ICG Capital recommended KPMG, a well-known accounting firm in the industry. After the board of directors, it agreed to hire KPMG as the responsible unit for the IPO financial audit of Wanyou Game, with Deputy General Manager Lin Lisong and Financial Director Fu Huizi responsible for the matter.

After dealing with the money issue, the next thing is the entity issue.

In addition to paying a sufficient deposit to participate in land auctions, there is another requirement for certain development qualifications.

According to the bidding rules, enterprises participating in the bidding must have at least secondary real estate development qualifications, and the registered capital of the enterprise must not be less than 20 million yuan, engage in real estate development and operation for more than three years, and have accumulated a total of more than 150,000 square meters of housing construction area in the past three years, or a total of equivalent real estate development investment amount.

The second-level real estate development qualification also requires no less than 20 professional managers in construction, structure, finance, real estate and related economics with professional titles, of which no less than 10 managers with intermediate or above, and no less than 3 full-time accountants with qualification certificates.

In short, the money-related problems are easy to solve, but require more than 3 years of development experience and completed area. These two points are not something that Ren Pingsheng can do in a short period of time.

Therefore, Ren Pingsheng could not eat alone in the development of the National Expo Park project. He had to find a developer with relevant qualifications to cooperate with him and bid in the form of a consortium.

For this partner, Ren Pingsheng’s requirement is: to have a certain influence in Hanhai City, have no ambitions for the dominance of the project, and do not pursue short-term benefits in style.

Because the National Expo Park project involves the relocation of an army and relocation of a large number of shanty town residents, although the "Liaoyang model" and monetary resettlement proposed by Ren Pingsheng can solve most of the problems, Gao Weicheng will also try his best to cooperate with developers during the relocation process, Ren Pingsheng still hopes to find a partner with local influence to do this matter more practical.

At the same time, as a new entrant in the real estate industry, Ren Pingsheng also hopes that this partner will not be too strong and do not overestimate the main players, minimize intervention in the project, and ensure Ren Pingsheng's control over the entire project.

Based on the above points, several large real estate companies such as Oasis, Guanghui, and Linggang were excluded. Lujiazui, Panjiang Hi-Tech, and Handong Shifa, these state-owned enterprises in Handong New Area entered Ren Pingsheng's vision. With the help of Gaojia and the assistance of the "Three Years and Class 2" circle, Ren Pingsheng finally finalized Handong Shifa as a partner of the project.

In order to implement the National Expo Park project and to enter the real estate market in the future, Ren Pingsheng established a sole proprietorship enterprise with the company name "Pingsheng Real Estate Co., Ltd." with a registered capital of 100 million yuan. Its main business is real estate development, operation, sales, and the legal representative of the company: Ren Pingsheng.

Although Pingsheng Real Estate was established, it was blank in personnel and teams. What Ren Pingsheng had to do next was to find a manager for the company.
Chapter completed!