In a room at the Crystal Palace Hotel, Li Bin reported his ideas in detail to Shi Yifei.

“Love Anju Apartment?”

Shi Yifei muttered to himself and fell into deep thought.

This matter is too bold. Even the government hasn't done it for so many years. Can this small company support this world?

Li Bin did not disturb Shi Yifei, but just sat there quietly.

Shi Yifei pondered for a long time before asking slowly:

"This is feasible?"

Li Bin replied:

"feasible."

"Why?"

"According to my analysis, this matter is a long-term plan, and we cannot see any profit at the moment. My plan is to recover the first phase of investment within six years, and the service life of a building is no less than 30 years. Then we still have a 25-year return period, which is stronger than 600% profit in terms of the return on investment. Just from the perspective of a businessman, this investment is already worth it."

"How much did you calculate the investment?"

"Billion per issue. Twenty percent return."

"That means that we still need to invest 800 million in the second phase?"

"Yes, our total investment is 3 billion in the fifth period, and the return is 1 billion in the sixth year."

"The cycle is too long, and our capital chain will also be broken."

"The cycle is a little longer, but the rate of return is considerable, and our capital chain will not break."

"oh?"

"First, after the company goes public, we can raise at least 3 billion yuan of funds; second, our existing two gold cabinets will provide us with 80 million yuan of funds every month, and with our other income, the monthly net profit will be 1.4 billion yuan. This does not include the income after the Qingdao market opens."

Shi Yifei interrupted Li Bin in surprise:

“How can we get so much profit?”

Li Bin smiled and said:

"Dad, you forgot about the Love Boutique Store. It is now our 'golden cabinet'. The daily turnover of the Beijing store is more than 5 million, and the net profit is nearly 3 million. Including the Jockey Club dividends, it also has a monthly income of 70 million. Langfang store can also provide us with no less than 10 million in revenue every month."

Shi Yifei was shocked and blurted out:

"so much?"

I have worked hard for so many years, and I have only created a profit of 60 million yuan per month. These dozens of stores are not as profitable as my son’s boutique store. This is a bit incredible.

Li Bin smiled slightly and said:

"Dad, boutiques sell luxury goods. Luxury goods should have a luxury price, so our profit margin is higher, and those customers won't care too much."

Li Bin is a typical example of robbing the rich to help the poor, but he just changed a relatively civilized method to use the money robbed from the rich to change the lives of civilians.

Shi Yifei stabilized his mood and said in a deep voice:

“What do I need to do?”

He has now completely placed himself in a subordinate position.

Li Bin was not polite and directly offered the conditions.

“I need government support, low-priced land and low-interest loans.”

"No problem, I'll do it." Shi Yifei agreed readily.

Shi Yifei can already expect that after the opening of the Love Boutique Qingdao store, the monthly net profit of the head office is by no means 1.400 million yuan as Li Bin said, and may reach an astronomical figure that he had never thought of. Moreover, there are the Love Hotel and City Square that will be opened soon, and the prospects will be very bright.

Li Bin asked Shi Yifei to convene a board meeting to discuss the issue of personnel appointments and development plans within the company. Shi Yifei responded without hesitation. In Love Company, Shi Yifei himself accounted for 81% of the shares, and the second largest shareholder only had 10% of the shares. Basically, he was completely in the company. It was natural that it was no problem to convene a board of directors. Even if all shareholders did not participate, he had complete voting rights.

Shi Yifei hung up the phone number to Secretary Liu and asked him to notify all shareholders to hold a board meeting at 2 pm tomorrow and announce important things. In fact, what Shi Yifei said was not the important things that Li Bin said, but something he had decided long ago.

At two o'clock in the afternoon, Shi Yifei and Shi Jun stepped into the company's conference room on time.

Amid everyone's applause, Shi Yifei nodded slightly and sat down in the chairperson's position.

The first chair on his left was empty. At the beginning, it was the fixed position of Xiao Yunna, the second largest shareholder of the company. At this time, Xiao Yunna had already consciously sat on the first chair on the right. Obviously, this position was reserved for Li Bin.

Under Shi Yifei's instructions, Li Bin sat silently on the empty chair.

This is his first time to be on the company's board of directors.

Li Bin glanced at the company's shareholders and gave them a gift.

Xiao Yunna, the second largest shareholder of the company, is Shi Yifei's classmate and the youngest daughter of the founding elder General Xiao. When Shi Yifei went into business, he was once again short of funds and borrowed money from her. When Shi Yifei's operations were smooth and he gave Xiao Yunna money, Xiao Yunna joked that money into Shi Yifei's company. Unexpectedly, over the years, the small loan had expanded into an astronomical figure. Xiao Yunna became a billionaire without moving her shoulders, which made her very excited. She did not interfere in the company's affairs and unconditionally supported Shi Yifei's decision. If it were fashionable, she would be a die-hard fan of Shi Yifei.

Several deputy generals and secretary Liu of the company were also here. Shi Jun already knew about these. Basically, they all held one percent of the company's shareholdings. Another shareholder was not a member of the company. Li Bin also learned about him from the information. He was Liu Jianjun, the eldest son of Liu Changhe, the former secretary of the Tianjin Municipal Party Committee. When Shi Yifei started his business in Tianjin, he gave Shi Yifei great help, and Shi Yifei also gave him five percent of the shareholdings.

To put it bluntly, among all the shareholders, except for Xiao Yunna who invested a little money, everyone else was waiting for dividends. Among them, Liu Jianjun was particularly serious. A typical old playboy. His father Liu Changhe had already retired. Liu Jianjun basically could not make any contribution to the company. He also had the reputation of knowing himself. He basically didn't take a step in the company. Every day he drove his jaguar everywhere. He knew in his heart that Shi Yifei still retained his status in the company. It was entirely due to the past relationship. He just wanted to act according to Shi Yifei's face. He raised his hand when he should raise his hand, shook his head when he should shake his head, and lived his own life in a simple manner.

Shi Yifei cleared his throat and said in a deep voice:

"Now I announce something, I will resign from the position of general manager of the company, and Shi Jun will succeed as general manager. Do you need to vote?"

Li Bin was stunned. There was no such item in the topics discussed with Shi Yifei. Why did my father suddenly step down?

All the shareholders in the conference room were stunned. Several deputy generals in the company were the first to applaud. Xiao Yunna and Liu Jianjun looked at Shi Yifei, then looked at Li Bin, and also applauded with everyone.

It seems that this proposal is no longer subject to vote.
Chapter completed!