145: Chapter 145 Wantai Commercial Management

The lexus lm merged smoothly into the main road's traffic, slowly driving toward the campus.

Jiang Chen closed his eyes to rest for a moment. Suddenly remembering something, he pulled his phone from his pocket and tapped the screen to open the familiar daily wealth intelligence interface.

The screen lit up, and a high-value red urgent message leaped into his sight, exceptionally eye-catching.

His gaze swept indifferently over the intelligence title. The laziness in his eyes vanished instantly, replaced by a sense of calm focus.

[Today's Exclusive Intelligence: Wantai Commercial Management, a subsidiary of Wantai Real Estate, is publicly listing the property fee collection rights for three core commercial complexes under its name at the Jiangbei Financial Assets Exchange at 2:00 PM today. The starting price is 18 million yuan.]

Jiang Chen raised an eyebrow slightly. His fingertips slid down, and the intelligence details unfolded line by line. The information was detailed and dense, with every set of data being clear, precise, and verifiable.

Wantai Commercial Management was a subsidiary in which Wantai Real Estate held a 76% controlling stake, primarily engaged in commercial real estate operations and property management.

Its core assets covered Jiangcheng's three major golden business districts—Wantai Times Square, Wantai Neighborhood Center, and Wantai Xinduhui.

The total construction area of the three complexes exceeded 120,000 square meters. The property fee collection rate had been stable at over 92% year-round, making the cash flow extremely robust.

These property fee collection rights were originally the most core, risk-free, and stable cash flow pillar of Wantai Commercial Management.

The financial data from the past three years attached to the intelligence was clear at a glance: total property fee income was 23 million yuan the year before last, 24 million yuan last year, and had already reached 19 million yuan in the first three quarters of this year, with the full year expected to break 25 million yuan.

The so-called property fee collection rights meant buying out the eligibility to collect all property fees for the next several years in one lump sum.

There was no need to participate in any operational management, no need to bear operational risks, and no need to worry about daily trifles. It was a purely passive, 'earn-while-lying-down' cash flow asset.

And now, such a high-quality and stable 'cash cow' was being hastily listed for sale by Zhou Wanquan at a starting price of 18 million yuan.

A faint but certain smile curled at the corner of Jiang Chen's mouth. He continued reading. The reason for the transfer was written bluntly and transparently, without any concealment.

Wantai Real Estate's overall capital chain continued to be tight and was on the verge of breaking. To gather the final payment for the Zhongzhou Road plot land transfer fee, Zhou Wanquan had already become desperate, not hesitating to sell off any high-quality assets that could be quickly liquidated.

As a core subsidiary, Wantai Commercial Management was being forcibly stripped of its most stable revenue rights to provide cash flow to keep the parent company alive.

Moreover, since property fee collection rights were a light-asset equity transfer, they didn't involve changes in company shareholding or trigger the disclosure obligations of a listed company, making the transfer process extremely discreet.

Zhou Wanquan wanted to liquidate quietly and weather the crisis silently. Therefore, the listing information was not made public and only circulated within a very small circle.

If not for the precise push from the daily wealth intelligence, by the time the outside world heard the news, this piece of choice meat would have already been snatched up by others.

He moved his gaze to the return estimation section at the end of the intelligence. The system's conclusion was concise and powerful, hitting every key point.

[The target's average annual stable cash flow is approximately 24 million yuan, with a starting price of 18 million yuan. The static investment recovery period is less than 9 months, and the internal rate of return exceeds 120%.]

[Closing the deal at 24 million yuan would still be an absolute bargain. Using only one year's expected revenue to buy out long-term perpetual cash flow has strong synergy with existing commercial assets, and the long-term holding value far exceeds short-term gains.]

[Recommendation: Bidding is a priority; take it in full.]

Jiang Chen turned off his phone screen and leaned back against the soft, comfortable seat, the smile on his lips indifferent and composed.

The starting price was 18 million, and the final successful transaction at 24 million was completely within expectations.

He had over 20 million yuan in available liquid funds in his account, enough to cover the transaction in full without even needing to touch the 40-plus million yuan in shop demolition compensation that was about to arrive.

By putting up this money, he would directly lock in a perpetual cash flow of 24 million yuan per year. He would break even in less than a year, and every year after that would be pure profit with zero risk.

More importantly, this asset was the core cash flow lifeline of the Wantai system.

Taking it was equivalent to directly grabbing the purse strings of Wantai's three major commercial complexes.

Zhou Wanquan only thought about cutting his losses to survive and raising money to solve the immediate crisis, but he never considered that the malls would continue to operate normally in the future.

However, the property fees would continuously flow into someone else's account. That feeling of being held by the throat and restricted everywhere would be far more agonizing than simply lacking money.

And what Jiang Chen wanted was never just to earn passive income.

He wanted to encroach step by step, penetrate layer by layer, and dismantle the bones of Wantai Real Estate from peripheral assets to core cash flow, entering the game in a completely legal, compliant, and silent manner.

By the time Zhou Wanquan realized it after the fact, the entirety of Wantai Real Estate would have already completely changed hands.

After thinking for a moment, Jiang Chen pulled up his contact list and dialed Shen Xi's number.

The phone was picked up after only two rings. A capable, crisp, steady, and professional female voice came through, without a single word of unnecessary pleasantry: "President Jiang."

"At two o'clock this afternoon, at the Jiangbei Financial Assets Exchange, Wantai Commercial Management is listing the property fee collection rights for three commercial complexes."

Jiang Chen's tone was steady as he clearly laid out the task. "It involves Wantai Times Square, Neighborhood Center, and Xinduhui. The starting price is 18 million, and you are to handle the entire operation based on a final transaction price of 24 million."

Shen Xi quickly noted the core information and repeated it in a low voice for confirmation: "Understood, President Jiang. Starting price 18 million, completing the bid at 24 million, with the entire process being compliant."

"No need to get into a bidding war with opponents. Enter the bid directly at the starting price and secure it steadily at the set transaction price. Follow all formal and compliant channels for the process to ensure a one-time transaction without any mistakes."

Jiang Chen paused, his voice deepening with an unquestionable certainty. "This asset is crucial for the subsequent overall layout. You must take it."

"Yes, President Jiang! I will immediately prepare the bidding materials, complete the qualification review, open the funding channels, and arrive at the exchange on time. I will operate according to your requirements throughout the process to ensure a smooth conclusion."

Shen Xi's response was sharp and decisive, her execution power on full display without the slightest delay.

"Mhm. Once all the procedures are completed, just give me an update."

After giving the simple instructions, Jiang Chen hung up the phone, completely handing the matter over to her without another thought.

Putting down the phone, a bit of emotion quietly rose in his heart.

Deciding to establish Chenxing Capital back then was indeed the correct decision.

With a dedicated capital team, professional asset bidding and capital liaison matters like this no longer required his personal effort. He only needed to explain the core requirements, and capable people would take full responsibility for implementation.

Especially Shen Xi; as the core operator of Chenxing Capital, her professional ability was outstanding.

She was professional, rigorous, decisive, and had extremely strong execution power. Whether it was capital operations or practical procedures, she could handle everything flawlessly, saving him from any extra worry.

The lexus lm continued to move forward steadily. The warm sunlight shone through the car window onto Jiang Chen, comfortable and not blinding.

He turned his head to look out the window. The giant sign for Wantai Times Square by the roadside flashed past, but his eyes remained calm and composed.

That high-quality cash cow that Zhou Wanquan was painfully selling off would officially come under his name starting this afternoon.

Zhou Wanquan was still running around everywhere for his funding gap, frantic and begging others in a low voice.

Yet Jiang Chen, with just a short phone call, had used his idle funds to quietly take over Wantai Real Estate's most stable source of cash flow.

Listed at an 18 million starting price and successfully closed at 24 million—using a very low cost to lock in perpetual high returns while simultaneously seizing Wantai's lifeline.

No matter how one calculated this capital deal, it held every advantage and was a guaranteed profit.

As for when Zhou Wanquan would finally realize that he had personally sent his core assets into his opponent's hands...

That was no longer important.