Chapter 278 - Chapter 278: Chapter 278 Property Transfer (2/2)

Although Wu didn’t rank as the wealthiest in Suzhou City on the surface, if all his assets were combined, they could even make it onto the Forbes list.

“Dad, it looks like you’re set on acquiring Wu Zhonghe’s assets,” Chen Yu surmised.

Tong Ming gestured dismissively, “It’s not so much about desire as it is about competition. Many in Suzhou City are eyeing his assets, and I believe this auction will be extremely fierce,” he said.

Chen Yu nodded in agreement, knowing well that with such a bargain at stake, anyone with a bit of sense would want a piece of the pie. Moreover, today’s crowd included not only Suzhou City’s wealthy but also top families from other cities.

If these individuals bid recklessly, the final auction price could end up being higher than the original value of the assets.

Chen Yu exhaled a deep breath and was about to have the system analyze the asset status of all the attendees when Tong Ming suddenly handed him a detailed list of assets.

“If I’m not mistaken, your target this time is those buildings across from your shop, right?” Tong Ming asked.

Chen Yu didn’t say much but nodded. After all, Tong Ming was the man who had singlehandedly built up the Tong Group, and his business acumen and thinking were far beyond the average person’s. A brief analysis was enough for him to know about Chen Yu’s intentions.

“I thought that opening the factory would allow the restaurant to maintain the status quo, but it’s become even more popular, and many out-of-towners and internet celebrities come just to check in and tour. There are simply no accommodations nearby my place…” Chen Yu began.

“I get it!” Tong Ming laughed heartily. “When I first started doing business, there were many things I didn’t anticipate, and it’s always been a matter of taking it one step at a time. Moreover, your business already has its own model, some things will still depend on you, and with me backing you up, what do you have to fear?”

Chen Yu felt very reassured, chuckled, and said no more, simply waiting quietly for the auction to begin.

Just then, a female host dressed exquisitely slowly walked up to the podium, and as her gavel fell upon the table, the venue instantly quieted down.

“Thank you all for attending the auction. I won’t go into extraneous details. Our first asset up for auction is the Wu Family’s amusement park in the eastern suburbs of Suzhou City. Interested bidders may start bidding now,” she announced.

As her voice fell, a starting price appeared on the big screen beside her.

Chen Yu had no real interest in the amusement park, moreover, its location was too remote to be of any practical use, even if he acquired it.

Still, there were many bidders who started bidding, and not long after, the amusement park was sold for eight billion yuan.

To be honest, this price was already quite low. Constructing a similar amusement park would cost at least 24 billion yuan.

The excitement in the room reached a climax, with everyone eagerly anticipating the next auctioned asset.

At that moment, Tong Ming suddenly stood up and raised his bid card.

It was a piece of undeveloped land littered with construction debris and located away from the city center, which in many people’s eyes was practically a wasteland.

But to Tong Ming, this plot was near one of his industrial development zones, and acquiring it could increase its value at least tenfold.

Therefore, no one contested Tong Ming, and he snapped up the land for the minimum price possible.

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