Chapter 376 - 227: The Group’s Development Vision (Part 2)

Chapter 376: Chapter 227: The Group’s Development Vision (Part 2)

This meant that in the coming year, Junxing Auto would have to surpass 90% of its competitors in the industry. Xu Gang’s task was daunting, to say the least.

Indeed, the greatest pressure fell on Xu Gang. The other projects were simply a matter of return on investment, but the Junxing Auto Group had received an investment of tens of billions. If it failed, all that money would go down the drain. The potential loss was immense.

As for Junxiao Capital Management Company, in the few months since its establishment, it had already invested a cumulative total of over 3 billion, directly controlling or holding stakes in more than 100 companies.

Because Junxiao Capital’s influence had previously been limited to the Han River area, or more specifically, just Jiangzhou, its investments had been almost entirely local.

Starting this year, Junxiao Capital would be expanding its horizons to the entire country, and even the globe.

Xu Wu had given Junxiao Capital a mission: to find good projects and spend 30 billion within the year.

Of course, this money wasn’t to be spent recklessly. It had to yield a good return on investment.

This was the most low-profile division of the business, but it was the one Xu Wu valued most. She personally reviewed almost every investment exceeding 20 million.

Chen Xiao would occasionally help her review them and offer some opinions. Of course, he would never tell her that he had the Wisdom Eye.

After a long period of observation, Chen Xiao found that Xu Wu’s eye for investment projects was quite sharp. As a result, he generally didn’t bother looking at any projects under 100 million anymore.

’The company has grown so large. If I had to review every single deal in the future, it would kill me.’

Finally, there was the newly established Junxiao Hotel Management Co., Ltd. This business unit currently only had two star-rated hotels, the Junxiao Lake Hotel and the Junxiao Lake View Hotel, with total assets valued at around 5 billion. This was mainly because the Junxiao Lake Hotel, a Six-star Hotel, had high construction costs and was valued at 3.5 billion.

In this sector, Xu Wu also had high hopes for the hotel division, requiring it to expand to 20 five-star or higher hotels within the year. By year’s end, its asset scale was expected to surpass 30 billion.

The executives below listened, their minds reeling. They knew that whether it was the commercial real estate, hotel management, or capital management divisions, the so-called total asset values weren’t generated organically; they were essentially acquired with the Group’s money.

By that calculation, the Group’s capital expenditure for the next year would be around 120 billion. Just how much money did the Group have?

These were heavy investments, and aside from the projects invested in by Junxiao Capital, the assets the Group held directly all had long return cycles.

Through this year’s report, these people gained a clearer understanding of the Group’s power and their confidence was solidified. The great ship of Junxiao Group was an ocean-going behemoth, certain to carry them all to distant shores.

Lin Ya sat in the audience, lost in thought. She was grateful for the choice she had made. Her mind drifted to Chen Xiao’s handsome face, his powerful body, and that mischievous smile of his.

’I never imagined he possessed this level of astronomical wealth. This isn’t just hundreds of millions, or billions, or even tens of billions. This is hundreds of billions, and he’s investing hundreds of billions in a single year!’

’How could Xia Bin have been so delusional as to think he could compete with a man like this?’

Zhao Hui was also dazzled and mesmerized. By now, just how much money Chen Xiao had was a complete mystery.

’Every time I think I have a decent guess, there’s always an even bigger surprise waiting around the corner.’

He had heard Chen Xiao mention that his sister held a 49% stake in Junxiao Group. If that was true, Zhao Xiangjun’s net worth was likely in the hundreds of billions.

’It’s something you wouldn’t even dare to dream of!’

At that moment, Liu Nan and the other commercial plaza project managers looked at each other excitedly.

’The new boss’s wealth might even surpass President Wang’s of Wansheng Group! This is unbelievable!’

Chen Xiao was not at the presentation, so no matter how long Zhao Hui and Lin Ya scanned the room, they couldn’t find any sign of him.

Lin Ya was a little disappointed and sent Chen Xiao a message: "Boss, how come I don’t see you here?"

Chen Xiao was currently in the presidential suite of the Junxiao Lake Hotel. He was a lazy person who cherished his peace and quiet, so Xu Wu had Gao Yue arrange for him to be here.

He was being well taken care of with fine food and drinks, and the executives who knew him could come here to report to him later.

As for Chen Xiao actually appearing at the Group’s annual meeting, Xu Wu had given up hope.

The presidential suite Chen Xiao was in was his own exclusive room and was not open to the public.

The suite was 650 square meters. Chen Xiao had arrived in the afternoon and was now enjoying the airy living room and the vast view of Bailu Lake in the afterglow of the sunset. The moment the sunlight streamed in was incredibly soothing.

Next to the living room were a dining room and a kitchen, which was where Chen Xiao would be dining today.

The suite had two bedrooms. One was simple and elegant, with an attached study that had a small sofa set against the back wall.

The bathroom had a white color scheme, and there was also a dressing room and a sitting room.

All the furnishings exuded elegance and luxury.

Chen Xiao thought that he could really come here to work occasionally in the future. ’And when I get tired, I can call Gao Yue over to give me a back rub. I wonder if she’s thinking the same thing, though.’

Speak of the devil!

Gao Yue left the presentation halfway through and came over, ostensibly to see if her boss needed anything.

Chen Xiao glanced at his Endurance Value and mused, ’Isn’t she just serving herself up on a platter?’

"Boss, are you satisfied with the room?"

Chen Xiao motioned for her to sit on the sofa and said seriously, "It’s alright. One day, you should see if there’s a chance to buy the Burj Al Arab Hotel in Dubai. Your hotel management group would become instantly famous."

He said it with a completely straight face. Gao Yue froze. The Burj Al Arab Hotel? ’That hotel was rumored to have cost 1.5 billion US Dollars to build. Is the boss being serious?’