CHAPTER 425: EPISODE 416: BUSINESS BATTLE DISPUTE

Early the next morning, Lin Mu began preparing the funds, ensuring that the normal cash flow of Flying Dragon Foot Bath Pavilion, Flying Dragon KTV, Flying Dragon Pharmaceutical, Flying Dragon Steel, and Flying Dragon Transport Company was not affected, and altogether raised two hundred million!

Lin Mu’s priority was to ensure that other industries could operate normally. This was the strong backing for Lin Mu to achieve great things. Lin Mu couldn’t be like Han Si Hai, who suffered huge losses to the entire industry’s cash flow due to a lack of funds in one sector!

Therefore, while ensuring sufficient working capital, Lin Mu managed to raise two hundred million, which was not a small amount. If he took out all the funds, he could get three hundred million, but that was unnecessary. After all, loans were still required, and at least his own cash flow couldn’t be significantly affected while continuing to operate normally.

Obviously, two hundred million was far from enough. Lin Mu calculated that to start a company and secure a regular project, plus various preparations, at least six hundred million would be needed. Six hundred million could ensure the normal operation of his real estate company and Celestial One Pavilion Real Estate!

So after securing the two hundred million in funds, Lin Mu went to Wancheng Industrial Bank to find Wang Junhui. Wang Junhui did not hesitate upon hearing Lin Mu’s request and granted Lin Mu a maximum loan of three hundred million while ensuring the bank could operate normally.

The remaining hundred million was also resolved by Wang Junhui, who cheerfully helped Lin Mu. The presidents of various banks in Wancheng were friends of Wang Junhui, so he managed it with a single phone call, and it also brought business to other banks. After all, a performance of a hundred million would bring considerable profit to a bank!

Wang Junhui treated Lin Mu kindly, reducing the interest from three points to one point, which was the extent of Wang Junhui’s authority. After all, banks have regulations, and they couldn’t not make money for Lin Mu. Reducing the interest by one point could save enough money to be astronomical for ordinary people, and for Lin Mu, getting such a large loan was already a great help!

Under Wang Junhui’s recommendation, Lin Mu completed the loan procedures at major banks. Wang Junhui also stated that if the money wasn’t enough, he could still help Lin Mu with the loan. This level of trust was worth the help Lin Mu gave Wang Junhui in the past. This is called good people get rewarded.

Because it involved four hundred million in funds, Lin Mu was busy for three days before the four hundred million was deposited into Lin Mu’s account. With the funds, everything that followed became much easier. Lin Mu met with Su Jinzhi, and together they went to the business bureau to establish a subsidiary of Celestial One Pavilion, Flying Dragon Real Estate Company!

Although this was a subsidiary of Celestial One Pavilion, its scale was much larger than Celestial One Pavilion, even larger than Han Family’s real estate company under Chen Shiwei’s control, which has now been renamed Chen Real Estate Company!

Flying Dragon Real Estate Company had a registered capital of one hundred million, while Chen Real Estate Company, although a listed company, had a registered capital of only eighty million. So at least on the surface, Lin Mu had already surpassed Chen Shiwei. Of course, Lin Mu was also determined behind the scenes to strive to surpass Chen Real Estate Company in strength!

Although Flying Dragon Real Estate Company was newly established, it was a subsidiary of Celestial One Pavilion Real Estate Company. Whether it was a new company or not, it was a subsidiary of Celestial One Pavilion, with the credentials of the parent company Celestial One Pavilion. They were qualified to contract projects, bid, and compete for resources, thus skipping the initial stage of a new company. With Su Jinzhi operating in the background, Lin Mu didn’t have to slowly build experience and reputation!

Lin Mu’s Flying Dragon Real Estate Company was established, and Su Jinzhi was also very supportive, assigning two construction teams to Lin Mu. These were comprehensive construction teams, fully staffed, and all had experience in building large high-rise buildings, so now Lin Mu’s real estate company was not weaker than any real estate company in Wancheng!

The establishment of Flying Dragon Real Estate Company, a subsidiary of Celestial One Pavilion, caused a stir in the real estate industry in Wancheng. Everyone knew that this was an alliance between Celestial One Pavilion and Flying Dragon to counter Liu Real Estate Company. Many older executives in the real estate industry had heard of Flying Dragon, and even though Flying Dragon had never been involved in the real estate sector, it was still considered a formidable presence!

The establishment of Flying Dragon Real Estate, a subsidiary of Celestial One Pavilion, quickly reached the ears of Liu Zhenyun through the report of the Wancheng real estate company’s regional manager. He was shocked, never expecting Su Jinzhi to have the courage to set up a subsidiary to confront Liu’s Company at this time.

It’s known that Su Jinzhi was in urgent need of money. It was already surprising that Celestial One Pavilion wasn’t downsizing yet it expanded and created a subsidiary. This senseless strategy indeed puzzled Liu Zhenyun!

Since Liu Zhenyun was not familiar with the intricacies of Wancheng’s circles, he of course didn’t understand the strength of Flying Dragon Group. In his understanding, Flying Dragon was merely a subsidiary of Celestial One Pavilion, but insiders in Wancheng’s real estate industry knew this was far from simple, and it was the moment for Flying Dragon Group to stand tall in the industry.

Now, Liu Zhenyun did not know what Su Jinzhi would do next, so he could only calmly observe the situation while having Wancheng’s real estate manager continue to wage price wars and bid competitions against Celestial One Pavilion, competing with them in finances and strength. To him, the small Celestial One Pavilion was merely courting death!

Within a month, the rivalry between Celestial One Pavilion and Liu Real Estate Company in Wancheng’s real estate sector reached a boiling point, with bidding wars and price wars raging intensely, as both companies continuously threw money into the fray as though feeding it into a fiery pit!

In just a month’s time, Celestial One Pavilion had invested eighty million in funds, while Liu Real Estate Company had already put in a hundred million. To suppress Celestial One Pavilion, prices had to be driven even lower, resulting in even more money being invested!

Both sides were not in good shape, but Lin Mu didn’t care. Since he had decided to play, this was also expected, so let them play thoroughly. At this rate, Liu’s Company would spend more and more money, and Lin Mu was confident that the world of Wancheng would ultimately belong to him, Lin Mu, so whatever money was lost, he would find a way to earn back double in the future.

Moreover, it wasn’t just Celestial One Pavilion, but also Flying Dragon Group. Although it’s a subsidiary, it could independently bid, meaning Liu Real Estate Company not only had to deal with Celestial One Pavilion but also engage in price wars with Flying Dragon Group!

If they competed solely with Celestial One Pavilion in business and price wars, Flying Dragon Group would operate as usual, and it would still be profitable for Celestial One Pavilion. This means Liu’s Company would either compete for business with Celestial One Pavilion while lowering prices, benefiting Flying Dragon Group, or when competing with Flying Dragon Group, similarly lowering prices, thereby benefiting Celestial One Pavilion as well.