C1719 an incredible opportunity (1/2)
”Oh? ”Then you guys can clap …” Liu Chouchu's eyes lit up, ”You guys know how big the businesses of the Letian Firm is, just talking about your businesses of the Four Seas Trading Company, the Four Seas Food Trade Company, the Four Seas Bank and the other businesses of the ox boss, the annual service fees are already more than a million. What about your other people? And what about the annual cost of foreigners? ”
Keeper Niu had long since heard of this in secret, and the big words were already on the front lines, so he could only bite the bullet and charge forward.
The life of the Boss Mi's family was saved by Xiao Letian himself, how could he say anything about giving his family property to the Prime Minister?
The two of them clasped their hands and said, ”Of course we know that the value of a foreign exchange is high, but since the prime minister is able to give the golden egg hens to the Chinese, why can't we sacrifice ourselves? Mr. Twitch, please tell us your numbers. I don't believe that none of you here could come up with such a sum! ”
Fan Lian and Liu Chouchu exchanged glances, and Liu Chouchu coughed lightly, ”Okay, I will give everyone an estimate. Now, Letian Firm has branch 67 and 1,876 employees, and last year, its turnover was 11.87 million silver coins and its net profit was 4.82 million silver coins … …”
It seemed that Liu Chouchu had already spent a lot of time and effort in advance, so he had a very good understanding of the trade data of the entire Letian Firm. He told everyone very clearly.
Letian Firm's annual net profit was around four to five million silver coins, but her fixed assets had already reached one hundred fifty million silver coins. The moment this number appeared, everyone was dumbfounded. They didn't expect the foreign bank to have so many fixed assets.
But after Liu Chouchu did the accounting, no one dared say a word. Besides a large amount of gold in the Letian Firm's fixed assets, there were still around 30 million silver coins worth of liquid funds supporting all of the businesses.
More importantly, over the past few years, the Occidental Bank had been able to buy a lot of land at a low price. For example, the Tanggu District had nearly a fifth of the land ownership in the hands of the Letian Firm.
Now, as long as there was a city with the Letian Firm branch name, they owned a large amount of land and even some of the commercial streets were foreign-owned.
Of course, this was also because Xiao Letian knew the direction of his future development and knew the rhythm of his power expansion, which created the prerequisites for his low price of land.
The value of the foreign bank's land on the market was close to one hundred million. Adding on to the various houses, shops, cash reserves and so on, a bid of one hundred and fifty million silver taels was not a big deal.
”Alright, this is the power of a foreign bank. All of you god of wealth know that I am not deceiving everyone …” ”Then, we will calculate the annual surplus. If we were to calculate it based on the average of five million, the prime minister would definitely not want all of your profits for the rest of your lives …”
”But you have to pay ten years of profits, right? That was 50 million. That added up to 200 million … Everyone, do you think there's any objection to this number? ”
The crowd instantly turned cold. To be honest, no one had any objections to this number because they knew that it was a number that had been severely underestimated by the seller.
The Prime Minister had given up on the cultivation of 5 million yuan and levelled up to Ministry of Commerce. This was equivalent to losing a gold mountain! 50 million in 10 years, 500 million in 100 years. Which family didn't want to spend 3 generations of fortune on it? The price of 200 million was too high!
200 million wasn't a lot, but who could afford 200 million? Even if he could take it out, it would seriously affect the auction in the far east. If the prime minister could withdraw 200 million in one go, the amount of funds needed to build the far east would be 200 million.
These merchants who paid for the food would immediately lose their advantage in the auction. At that time, the small and middle-sized merchants who did not participate in the feast would gain the upper hand. This was something that no one wanted to see.