My 1999

The rapid development of the vocational training market has gradually become another growth point for New Dream’s revenue.

Although there are not many people, the fees are relatively high.

The monthly training fee is around 1,000, which varies depending on the difficulty of each subject.

For example, in programming, the monthly training fee is about 1,500; in interior design, it is only 800. If you can use AutoCAD proficiently, draw floor plans, and understand basic interior design routines, you will be successful.

Going one step further, using 3Dsmax to make renderings is an advanced knowledge and of course requires extra money.

Throughout the year, the net revenue of New Dream Vocational Training was 36 million Chinese dollars, an increase of more than ten times compared with last year.

Net profit was 9.58 million Chinese coins.

The main reason for this is that many training courses were established relatively late, with only four or five months, or even two or three months of revenue.

If by next year, this figure will at least quadruple.

Taken together, New Dream's net revenue in 2002 reached 1.861 billion Chinese dollars and its net profit was 558.3 ​​million Chinese dollars.

In addition, there are 470 million Chinese dollars in cash and short-term bonds on the books, as well as a training base in each of the five major cities of Beijing, Magic City, Pengcheng, Yangcheng, and Wuchang, totaling 560,000 square meters of commercial real estate.

Because some parts are unfinished.

Therefore, its total value is 1.85 billion Huaxia coins.

Among them, the debt is 920 million Chinese yuan.

There is also a new dream goodwill valuation of 400 million Chinese coins.

Based on a valuation of thirty times net profit, the total value of New Dream is 19 billion Chinese dollars.

Approximately US$2.3 billion.

However, not all the shares of New Dream are in Xu Liang’s hands.

Xu Liang holds 90% of the shares of New Dream, which is the main body of college entrance examination art education, early childhood art training and vocational training, and the remaining 10% is in the hands of New Dream teachers and senior executives.

‘Ideal education’ focusing on subject training.

In 2001, it was valued at 5.2 billion and raised 520 million, including 6% from IDG and 4% from Yingke.

In other words, Xu Liang only holds 80% of the shares of Ideal Education.

After more than a year of development, ‘Ideal Education’ is now valued at 8.4 billion Chinese dollars.

If he wants to sell all of New Dream Education Group to Hanhua Capital Phoenix Fund.

You can get 16.2 billion Chinese coins before tax, which is about 1.96 billion US dollars.

Seeing this result, Xu Liang couldn't help but have a headache.

The new dream is developing well.

The value increased significantly and he was delighted.

But Hanhua Capital Phoenix II Fund has only raised US$200 million.

Even if he wanted to use leverage, he couldn't pry out so much money.

And it can add a heavy financial burden to a new dream.

Directly interrupting the backbone of its development, not to mention the unwillingness of his old subordinates such as Teng Huaming, Li Yan, and An Hanru, he himself was also unwilling to see the company he finally established become lost to everyone.

Jingle Bell.

The phone rang.

Xu Liang took a look and pressed the answer button.

"Have you read the evaluation report of New Dream?"

"Um."

"What do you think?"

"Lao Teng and the others are very capable, and the company is booming. I am very satisfied but also have a headache."

Jiang Xiaoyang couldn't help but smile when he heard this.

"Phoenix Fund II's fundraising fell short of expectations, and Hanhua Capital now has no ability to come up with US$2 billion, so if you want to sell us your new dream, we can't afford it."

Xu Liang nodded.

The new dream gave him a surprise and also presented him with a problem.

"However, with this professional assessment provided by McKinsey, you can go to Standard Chartered for a mortgage loan with your new dream. Although you can't get 2 billion US dollars, you can still get 12.3 billion US dollars."

Xu Liang pondered for a moment and then nodded, "You happen to be in Xiangjiang, please help me handle this matter. I will contact Standard Chartered."

"OK."

"Although New Dream cannot be sold, I still have an asset here that I can sell to Hanhua."

"What assets?"

"Hongyan's new dream real estate project."

Jiang Xiaoyang suddenly realized.

The so-called new dream real estate projects are old buildings with a construction area of ​​about 10,000 square meters.

Acquired by Hongyan Fund and leased by New Dream.

Basically every project is 100% leased.

And most of the projects are located in the core urban areas of first-tier cities, although they are not as good as those famous 5A-level office buildings.

But with the recovery of the real estate market, in the past year, the value of these old buildings with convenient transportation and even many prime locations has increased by about 40%.

Overall it's still very high quality.

"Do you plan to focus on Taihua Real Estate in the future?" Jiang Xiaoyang asked.

"Yeah. Now I've thought about it. It's better to be broad than to be refined. Focusing on commercial real estate and building a brand can create more value than simply investing in real estate."

Xu Liang wants Taihua Real Estate to move in the direction of Wanda, but not to expand as many commercial complexes as Wanda.

It is enough to focus on first- and second-tier cities.

Be professional and precise.

In this way, you can not only gain profits from rising land prices, but also won't suffer too much loss when housing prices decline in twenty years.

"Okay, but don't feel bad about selling the new dream real estate project." Jiang Xiaoyang said with a smile.

"What's there to feel bad about? The meat will rot in my own pot anyway. And with the money, I can use it to create more value." Xu Liang said confidently.

"You are always so confident."

"certainly."

How can we not be confident if we know in advance the development trends of the next twenty years or so?

"I will let a third-party organization do an evaluation of the 'New Dream Real Estate Project'. Then I will let the 'Xuanwu Real Estate Fund' take over."

"Um."

After chatting for a few more words, Xu Liang hung up the phone.

There was a look of thought on his face.

The New Dream Real Estate Project currently has 103 buildings covering an area of ​​950,000 square meters.

According to the current value, it is about 4 billion Chinese coins.

After all, the useful life of the old building has passed for a long time, and coupled with the design flaws, the price is not high.

If the post-acquisition increase is deducted.

The total acquisition cost is about 2.5 billion Chinese dollars.

In addition, when buying these buildings, the down payment in Hongyan is basically 20% to 30%.

The rest is loans.

The average interest rate is about 7%.

Therefore, the actual money Hongyan paid was only 625 million Huaxia coins.

If transaction.

You can get 2.125 billion Chinese dollars in cash before tax.

Equivalent to US$260 million.

"New Dream can also lend 60%, which is about US$1.2 billion in cash, plus the 260 million, it will be US$1.46 billion.

Plus the $1 billion I have left.

That’s $2.46 billion.

There is also Jianlibao that can be used as a mortgage at critical moments.

It’s almost time to play a big one. " Xu Liang said secretly.

——

"Mr. Xu, this is it."

Lu Hui reminded.

Looking through the car window at the luxurious manor surrounded by walls and shaded by green trees, Xu Liang couldn't help but think of Bill Gates' famous 'Future House' that had been mentioned in the news in his previous life.

This lakeside villa covers an area of ​​about 6,600 square meters and took seven years to be carefully built. The total cost is as high as 113 million U.S. dollars. It is called "the smartest house in the world."

From the current perspective, this ‘house of the future’ that implements ‘smart home’ services is indeed very impressive.

It has gathered many black technologies that the outside world cannot imagine.

But from the perspective of twenty years later, it seems ordinary.

"If you have a chance, you can go and see it."

Just as he was thinking, the gate of the manor opened.

The car drove in slowly.

Looking at the huge manor surrounded by clear water, lush vegetation and covering an area of ​​no less than fifty acres, Xu Liang couldn't help but say.

"Americans know how to enjoy themselves. Even if you have money, you can't afford such a big house in China."

"You can buy a house here." Lu Hui said with a smile.

"Let's make money first and then talk about it."

"Mr. Xu, look."

Looking in the direction of Lu Hui's finger, a middle-aged man wearing brown trousers, a blue sweater, and black-rimmed glasses came into view.

"Mr. Gates personally came out to greet you."

Lu Hui's tone was filled with excitement.

This is a proud feeling.

Xu Liang can understand her excitement. In this era, Bill Gates, the world's richest man, is the idol of almost all young people in the world. Even when Xu Liang was young, he also worshiped him for a while.

But when people reach middle age, they know more and have more thoughts.

Worship and other things have faded away.

Mr. Gates is not fundamentally different from the big capitalists in history. They are all cannibals.

When dealing with him, Xu Liangliang had already put up 180 precautions in his mind.

After the car was stable, Xu Liang opened the door and got out.

Seeing him, Mr. Gates put a smile on his face and stepped forward to greet him.

"Mr. Xu, welcome."

After taking two steps forward and holding the other person's hand, Xu Liang smiled and said, "Mr. Gates, I have long admired your name."

After letting go of his hand, Xu Liang waved.

Huo Gang took out a picture frame from the trunk.

"I came in a hurry and didn't prepare any good gifts. I drew this portrait myself. I hope Mr. Gates likes it."

Looking at the A2 drawing paper in the frame, he drew an extremely vivid sketch of his bust.

Bill Gates said happily: "Mr. Xu, thank you very much. This is a very precious gift and I like it very much."

He also collects things himself, and he still has a good eye.

It can be seen that although the level of this painting is not top-notch, it is still at the professional level. Coupled with Xu Liang's identity, it is very precious.

Seeing him like this, Xu Liang couldn't help but smile.

These top capitalists in the West have seen too much jewelry and luxury goods, and they are not worth cherishing.

On the contrary, it is oil paintings, sketches, sculptures, etc. This kind of unreplicable art is very suitable for them who pride themselves on elegance and nobility.

Xu Liang spent more than a day creating this portrait.

Now it seems that I got it right.

After thanking him again, Bill Gates asked his assistant to take over and invited Xu Liang into the living room.

After sitting down.

An oriental beauty wearing a cheongsam came and started brewing Gongfu tea with the tea set on the table.

"Mr. Xu, I heard that you like drinking tea, so I specially invited the best tea master in Chinatown here. I hope you like it."

"Thank you, I like it very much."

Bill Gates raised his tea cup with a smile.

"please."

"please."

They each took a sip.

Xu Liang was moved.

"This tea...?"

"It seems that Mr. Xu has tasted it." Bill Gates continued with a smile, "This is China's special Lu'an Guapian, which I specially prepared for Mr. Xu."

"Mr. Gates is interested." Xu Liang said with a smile.