Reaching the age of thirty, my income randomly doubled-Chapter 755 - 563 Golden Mountain Headquarters Completed

Chapter 755 -563 Golden Mountain Headquarters Completed

In late July, Chen Pingsheng led the senior management team of Tengying Group to Golden Mountain’s Future City Forest Headquarters.

This project, which cost over 60 billion RMB, has been under construction for two years and is finally nearing completion.

Covering more than 2,000 mu of land, the Forest Headquarters is undoubtedly imposing.

The main framework is already fully built, including Tengying Apartments and the high-end Tengying Eastern Courtyard residential community.

“Chen, according to Mr. Fang, at most another three months, and the entire Tengying Group can complete its relocation,” someone informed him.

After so many years, Chen Pingsheng had finally achieved a national first.

This refers to having the largest headquarters in the country—a distinction that is well deserved.

Just three more months to go, and all the listed companies under Tengying Group—including Tengying Entertainment, Snacks Dash, Antler Coffee, Yateng Short Drama, Feiyangyang Catering, Bobo Milk Tea, Tenghui Department Store, and more—will relocate their headquarters to Future City.

As for Tengyou Media, it will remain stationed in Guangzhou. Tengfei New Energy, on the other hand, is heading to the high-tech-oriented Pu Fa New District.

The global R&D headquarters of Tengfei will cost 10 billion RMB to build in that location.

Golden Mountain, however, is Chen’s personal domain. With the sheer size of Tengying Group’s relocation, it will undoubtedly become the top-ranked private enterprise in the area.

The only regret is that the Golden Mountain Super Villa, which he spent 4 billion RMB constructing by encircling the mountain, won’t be ready for relocation until next year at this time.

Chen Pingsheng said, “Start notifying everyone. Prepare for a three-month timeline. After three months, all subsidiaries of Tengying Group—except Tengyou Media, Tengde Era, and Tengfei New Energy—will relocate to Golden Mountain.”

“Additionally, employees who’ve worked for Tengying Group for over three years will be eligible to purchase housing in Tengying Eastern Courtyard at cost price.”

Relocating headquarters may sound simple, but in reality, it’s anything but.

This is due to many employees who’ve already established families locally, some even owning their homes.

Given such circumstances, issuing a headquarters relocation order means the company must address employee housing and welfare concerns.

This is precisely why Chen spared no expense to build Tengying Apartments and the Tengying Eastern Courtyard.

Imagine if employees were required to rent or buy new housing upon relocating—considering the Magic City’s property prices, it would impose considerable financial strain on the workforce.

Tengying Eastern Courtyard spans over 1,000 mu of land. Purchasing the site cost around 14 billion RMB back then.

Another 15 billion RMB went into developing it, resulting in a super community capable of housing a population of 100,000 residents.

As for the apartment complex, it’s even more staggering—it includes a total of 15,000 units, accommodating 20,000 to 30,000 people.

It’s fair to say that Chen has gone to great lengths in ensuring logistics and welfare are top-notch, so employees moving with their families face zero worries.

The headquarters even includes a fully-equipped commercial street, making the area bustling to the extreme.

However, Chen Pingsheng won’t sell houses from the residential areas like Eastern Courtyard on the market.

The properties are exclusively reserved for sales to internal employees.

It took him eight years, but he finally has his very own headquarters campus.

What an arduous journey it’s been.

Chen Pingsheng and the senior management team took a full tour around the site, each of them visibly thrilled.

After all, the entire area belongs to the company—how could they not be excited?

To better accommodate employees’ families who may visit periodically or for tours, Chen decisively planned to buy another plot of land near the headquarters to build a super-luxury Tengying Hotel.

The hotel won’t serve the public but will exclusively host employees’ visiting family members.

Though it sounds costly, it’s budgeted at just 1 billion RMB.

Strangely enough, this year Tengying Group’s only standout performers were Tengyou Media, which saw explosive growth, and Antler Coffee, which gained decent traction overseas.

Other businesses seemed to hit bottlenecks; whether it was Feiyangyang Restaurant, Bobo Milk Tea, Tenghui Department Store, or Melon Seed Used Cars, everything appeared lackluster.

The only thing enabling Chen’s carefree spending was his stock portfolio’s staggering growth.

From Meituan to Pinduoduo and Tesla, all of them surged significantly this year.

Through long-term stock trading alone, he accrued massive profits.

By the second half of the year, he was starting to consider cashing out.

This was because Tengfei New Energy’s 2020 funding needs were still entirely unresolved.

Since his plans require continuous expenditure, deciding which stock to sell is proving to be a tough call.

For now, his most valuable holding is 4% of Tesla shares.

Based on Tesla’s valuation of 158 billion USD, he could cash out 6.3 billion USD in one go, more than enough to cover all 2020 financial needs.

That said, Tesla stock is still climbing.

Next in line is Meituan Holdings, where he owns a 3% stake. Meituan’s current Hong Kong market valuation stands at 89 billion USD.

If he chooses to cash out, he could pocket 2.7 billion USD, though that’s still not sufficient.

Ever since the Golden Finger Grandpa’s price hit 10 billion, Chen had no choice but to rely on selling his stocks for large-scale funding.

Fortunately, the stocks he’s purchased have all surged.

Another potential cash-out option involves selling Tengchao Commercial Management’s headquarters buildings.

Chen has invested heavily in commercial real estate over the years.

This includes storefront properties at Water Cloud Space, Tenghui Department Store locations, as well as headquarters buildings across various regions.

Adding the current Forest Headquarters to the mix, his total investments in commercial real estate have reached a staggering 120 billion RMB.

The most uptodate nove𝙡s are published on frёewebnoѵel.ƈo๓.

Taking current appreciation rates into account, their combined value has risen to at least 180 billion RMB.

Since property prices are unlikely to perform well in the coming years, Chen is even considering selling off a few headquarters buildings.

For now, he doesn’t want to overthink things. With his current net assets, acquiring 40 billion RMB in funding is a breeze.

Even taking one property to the bank for collateralized loans is an option.

If it weren’t for his skyrocketing stock portfolio, Chen likely wouldn’t hesitate so much.

Speaking of which, he almost forgot—his wife, Song Yanxi, has investments too, with holdings in Apple (0.15%) and NVIDIA (0.5%).

Apple continues its annual tradition of releasing new products, with skeptics claiming it’s stale and lacks the technological innovation of the Jobs era.

Yet, paradoxically, its stock price keeps climbing, year after year. This year, it already crossed the trillion-dollar mark, reaching 1.1 trillion USD.

Song Yanxi’s paltry 0.15% stake is shockingly worth 1.65 billion USD.

Converted to RMB, that’s over 10 billion.

After much thought, Chen decided to call Song Yanxi—he intends to begin cashing out Apple shares first.

At 1.1 trillion USD, how much higher can it realistically go? Could it possibly surpass 3 trillion USD?

Compared to his other stocks, Apple appears to be nearing its peak.

By cashing out early, Chen could ensure the required R&D funding for Tengfei New Energy at least one quarter ahead of schedule.

Late July is a perfect time to start cashing out.

For the other stocks, he’ll delay liquidation as much as possible…

After all, Chen isn’t in any hurry.

Song Yanxi’s timing for Apple investments has been impeccable—she bought in four to five years ago at a 500 billion USD valuation and is exiting now at 1.1 trillion USD.

Her gains are roughly a 100% return, which is quite impressive for large-scale traders.

But even Apple pales in comparison to the other stock she holds, which is truly extraordinary.

Back in late 2014, Song Yanxi began investing in NVIDIA, when its market cap was just 10 billion USD.

This year, NVIDIA soared to 140 billion USD.

In merely four years, it’s grown by a staggering 14-fold.

Chen is even considering increasing his position in NVIDIA—it’s risen so unbelievably fast.

However, he wonders whether it still has room to climb further.