After explaining the affairs of the newspaper group, Jiang Tianen turned his attention to Xu Wenbiao of the real estate company.
Xu Wenbiao closed his eyes and cleared his throat.
"Boss! The 150 units in New Territories Meiye Garden (formerly the Wuxie Group's residential land) were sold out as soon as they were launched last month, and we made back 500 million Hong Kong dollars; the office buildings in Causeway Bay made back 300 million Hong Kong dollars; the 380 units in Wan Chai and Sai Kung made back 2.2 billion Hong Kong dollars in total. The total amount of money made back from these three plots of land was 3 billion Hong Kong dollars. After paying back Huaye's loan and interest and the construction company's engineering fee, the book balance still had 1.8 billion Hong Kong dollars in net profit."
Jiang Tianen nodded with satisfaction. The funds for the development of this real estate company were a waste of money. It was started with Huaye’s funds, and he did not invest a penny extra. It brought in a profit of 1.8 billion Hong Kong dollars this quarter. No wonder people say that the most profitable businesses in Hong Kong are real estate and finance!
Seeing the recognition from his boss, Xu Wenbiao was also very proud. The Jiang Group has developed faster and stronger than the original Litian Real Estate. After all, in order to raise development funds, Litian Real Estate offered an external financial interest rate of 18%. Even so, few people came to raise funds, and they could only rely on Ye Rongtin to make up stories in the stock market to make money.
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