How can I justify myself as a Magnate if I don't indulge myself?

Chapter 328 - 157: Pang Donglai in the Financial Investment Industry_3

Having finished speaking, Gu Heng turned his gaze to Tu Yong, "Mr. Tu, introduce to me the progress of the project inspection in Yangcheng City in the past few days."

Upon hearing this, Tu Yong immediately stood up and took out a document from his briefcase.

"Mr. Gu, after my inspection in the past few days, I have roughly determined the basic situation of the entire project.

Yangcheng International Race Track is a large urban construction project approved by the Yangcheng City government in February, with an expected total investment of 17 billion. Currently, we have learned that the Yangcheng City government will likely invest 8 billion, holding about 50% of the shares."

The remaining 50% will be competitively bid by 21 enterprises.

However, this bidding has changed from the traditional mode. Due to the needed 3 million square meters of land acquisition for the race track, the government will handle the land acquisition; therefore, this time it is not a division of labor bidding, but a unified capital bidding.

The so-called unified bidding means that the successful bidding companies collectively fund the construction, with the funds primarily managed by the Yangcheng City government and monitored collectively by the companies.

In the past, layered investment involved one company being responsible for investment during a certain period or step, which was difficult for our company because as a start-up with IDE capital, our business resources are a significant shortcoming, making it hard to undertake construction...

But now with the unified capital bidding, I think this bidding model is very beneficial for our company. The unified capital bidding has high cash flow requirements for bidding enterprises. The minimum investment stake reaches 1 billion in capital, which can filter out many companies with insufficient cash flow and also levels the difference between us and those established enterprises."

Gu Heng nodded slightly, "What share do you think our company can secure?"

Tu Yong stood up straight and declared, "With financial support, 20% is the baseline! If we cannot reach an investment stake of 20%, I will resign immediately and not take a single penny of salary from the company!"

"Agreed."

"Dismissed."

As Gu Heng left, everyone was either excited or anxious...

Excited about the welfare benefits that Gu Heng had offered...

Anxious about the last words Gu Heng had said...

They were all recruited by headhunting companies and did not doubt the truth of what Gu Heng had just said...

With such excellent benefits, none of them wanted to be dismissed...

Since they did not want to be dismissed, they would just have to work their hardest...

Gu Heng didn’t want to make empty promises, as people were already immune to them...

Now, he was reversing his approach by giving the benefits first to then stimulate their work morale...

But to say or not to say...

Looking at the crowd’s frenzied demeanor...

It seemed this method was indeed effective...