City: Starting from Paying Dad’s Debts
17 Selling City H’s tourist resort project

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"CEO Lin, CEO Lin, good news, good news! CEO Fang of the Feilong Group has agreed to take over our tourist resort project in City H!”An employee from the project department ran over excitedly with a document in his hand.

"Is that so?" Lin Feng couldn't help but stand up in joy.

One had to know that although many bosses had recently expressed their intention to take over the Haoyuan Group's project, these bosses were all old foxes. They did not move and did not close the deal.

What did they mean? Because Haoyuan Group was going bankrupt recently, they wanted to stall for some time. That way, when Haoyuan Group's situation became worse and worse, they could lower the price and take over Haoyuan Group's project at the lowest price.

Therefore, this was why the project department had found many interested bosses. They had also expressed their intention to buy, but none of them had been sold.

Now that he finally had a deal, Lin Feng was naturally very happy.

"What's the price?" Lin Feng asked.

"670 million!" the project department staff said.

"670 million?" Lin Feng was stunned and started calculating.

The project department staff seemed to have noticed what Lin Feng was planning and immediately said,"That's 73% of the cost price!”

"Oh, oh ~" Lin Feng came back to his senses and smiled brightly. He patted the shoulder of the staff and praised,""Good job, keep up the good work!"

" President Lin, then my commission…" The project department employee glanced at Lin Feng and said weakly.

"Don't worry. As soon as the money is transferred, I'll immediately get the finance department to give you the commission for this order. I'll definitely keep my word!”Lin Feng said.

" Thank you, President Lin! Thank you, President Lin!" The project department staff quickly thanked him excitedly.

670 million, 0.1% commission, that was 670 thousand. How much was his annual salary? How could he not be excited?

"Work hard. I will never mistreat my subordinates who have made contributions!”Lin Feng said.

"Yes, yes, yes!" The project department staff smiled like a flower and nodded.

"By the way, CEO Lin, there's one more thing. CEO Fang wants you to sign the agreement personally!”the project department employee said.

"Sure, what time?" Lin Feng asked.

"Tomorrow afternoon!" the project department employee said.

"Tell him that I'll be there on time!”Lin Feng said.

"Alright, I'll tell him now!”The project department employee said. After saying that, he left happily.

Lin Feng sat back in his chair, opened his glass, and took a sip of tea.

He was very happy. After all, this was the first start of getting rid of those garbage projects.

Lin Feng still had some impression of this resort project. Even after the project was completed, the return on investment given by the system was only 87%, which meant that he would lose 13%.

More importantly, the payment cycle was particularly long, taking more than five to six years.

One had to know that 12% was the lowest interest rate for corporate loans.

Five to six years of repayment, how much interest was this f * cking capital?

Besides, this project was a loss to begin with, so it was best to quickly dump it to someone else.

73% of the cost price and direct payment. To Haoyuan Group, it was a huge profit.

Of course, other people wouldn't lose money if they took over this project. They took it at 73% of the cost price and then invested a little more money to complete the project. It was almost 80% of the cost price.

The return on investment was 87%, and it would take five to six years to earn back the money. That meant that he would earn 8.75% in five to six years, because it was 7% profit divided by 80% cost!

Earning 8.75% in five to six years was far less than the interest in the bank, but it was still a profit. At least he didn't lose money, right?

However, this was indeed a bit of a scam.

However, there was no other way. This was the business world. The business world was like a battlefield. If you didn't cheat others, others would cheat you. If you didn't cheat others, how could you make money? Were you going to sell your products to others without earning a single cent? It wasn't charity!

After taking a sip of tea, Lin Feng resumed his work.

Now, he could be said to be both the chairman and the general manager. He was in charge of the entire trillion corporation.

He was supposed to be drinking coffee at this age, but now he was drinking tea leaves. How bitter!

Lin Feng worked until seven o'clock in the evening. He didn't plan to go home tonight. He planned to visit his cheap dad.

She had been busy with the company's affairs recently and had not visited him for a long time.

He called his mother to inform her that he would visit his father tonight. Under the protection of four bodyguards, Lin Feng took a Lincoln Limousine to the hospital.

This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]

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