Chapter 279: Chapter 279: Core Assets

The initial auctions weren't anything special; it was mostly a matter of everyone taking what they needed without much struggle, but as the auction progressed, the core assets came up for sale.One business club was eventually sold for ten billion more than its starting price.

Located right in the city center and with booming business, the venue would create enormous profits for whoever took over.

When this asset was put on the block, even Daoist Boy couldn't help but feel envious. Owning such a business club would make hosting guests or conducting other business much more convenient in the future.

However, Chen Yu remained calm. After all, the business club was too large for him to manage on his own, and Tong Ming already had several of similar size—worst case, he could just borrow one temporarily.

Chen Yu exhaled a deep breath and kept his eyes fixed on the large screen on the stage.

The assets up for auction next were the large buildings opposite him.

But when the price was announced, Chen Yu was momentarily stunned.

Those buildings required a bid of a hundred and ten billion!

Chen Yu was troubled. He couldn't come up with that kind of money with the assets he controlled, unless he mortgaged the entire industrial park he had just built to secure a loan for these buildings.

But now, the industrial park had just started flourishing, and business at the factories was booming. If he mortgaged the park at this critical time, it would have a negative impact.

If he ever really got to the point where he had to take out loans, then it would be troublesome. Find adventures at M V L

"How about it, son-in-law, shall I give you a hand?"

Chen Yu felt a bit awkward, not sure what to say, but right now he was indeed in urgent need of money.

"If you could, I'd be much obliged; I'll pay you back!"

Tong Ming laughed heartily. "You're too polite!"

With that, he raised his bidding paddle.

As soon as Tong Ming made a move, the venue fell silent.

Everyone knew that the Tong Family was the wealthiest of the four super-rich families in the capital and that the buildings in question were right across from their son-in-law's!

Understanding this relationship, no one dared to bid anymore. Sёarch* The Novёlƒire.n(e)t website on Google to access chapters of novels early and in the highest quality.

Some even looked at Tong Ming uncertainly, tentatively raising their paddles, but when they caught his gaze, they lowered them again.

In recent times, Tong Ming's developments in Suzhou City had been extremely smooth, virtually monopolizing half of Suzhou's financial landscape.

No one in Suzhou City dared to oppose Tong Ming.

Chen Yu also let out a sigh of relief; with his father-in-law present, if he had been bidding alone, the price might have skyrocketed to over two hundred billion.

The auctioneer was clearly embarrassed, but he didn't dare to say more. He looked around the room, counted to three, and then hammered the gavel.

The buildings, which had substantial commercial value, were sold for a hundred and eleven billion, which would have been an extraordinary event at any auction.

Just as Chen Yu was getting excited, a large map was brought onto the stage by several men.

It was a map of the Suzhou City industrial development park, a large portion of which depicted Chen Yu's industrial park.

The assets now up for sale were several factories owned by Wu Zhonghe. Although these factories were not contiguous, each one was extremely large on its own.

Moreover, over ninety percent of the equipment in these factories was new, ready for production immediately after take-over.

The venue erupted into a buzz of excitement; such assets were considered high-quality, and they were worth splurging on.

While the crowd was eager and ready, Chen Yu's eyes widened as he stared intently at the map of the industrial park.

Although Wu Zhonghe's factories were not connected, they were not far from Chen Yu's industrial park.

If he could acquire all of these factories and make some planning tweaks, he could connect them with his existing park, potentially doubling the size of his factory operation.

Chen Yu had already planned to expand his current industries or pivot to some extent, which required acquiring a significant amount of land and factories.

Among these factories, one in particular—a pharmaceutical plant—excited him the most.

The medical prescriptions he acquired from the "Cold Damage Hundreds of Grasses Diagram" had completed his knowledge in the field of medicine. Now, he could use ancient prescriptions combined with modern medical knowledge to create highly targeted, packaged medication.

Such products were exceedingly popular in the Eastern Island and on the Peninsula, where they were touted as "Traditional Chinese Medicine," but their formulas were merely scratching the surface.

Once the full breadth of the "Cold Damage Hundreds of Grasses Diagram" prescriptions were produced in pre-packaged form, they would completely outclass Traditional Chinese Medicine.

Chen Yu's breathing quickened; Tong Ming had covered the purchase of the buildings for him, leaving several billion in his hands.

Tong Ming could see what Chen Yu was thinking and patted him on the shoulder.

"Son-in-law, have you set your sights on these factories?"

Chen Yu nodded without hiding his intentions.

Tong Ming narrowed his eyes, examining the location of the factories, then took the factories' basic information from his assistant.

"Actually, when you started making pre-packaged food, I thought about whether it's possible to produce medicinal meal packages. But that's very specific, and it could cause trouble if eaten recklessly. However, if you create pre-packaged medical formulas with your medical skills, that's a different story."

Chen Yu suddenly felt a bit embarrassed; Tong Ming had seen through his plans all along.

"Dad, food and medicine have always been part of my plan. I didn't want to move so quickly, but a good opportunity has presented itself, so how could I let it slip through my fingers?"

Tong Ming looked at Chen Yu approvingly.

"I knew I was right about you, son. Go ahead and do it. I have several tens of billions at my disposal; don't worry, just go for it!"

Tong Ming spoke so loudly that it was unclear if he did so on purpose.

The people nearby, upon hearing this, became disheartened. The eager atmosphere that had just been there dissipated.

"Ah well, it looks like this is another gift from old Tong to his son-in-law. Let's not get involved and avoid causing trouble!"

"It's wiser to let it go. Let's focus on other assets."

"Unspoken though it may be, Chen has profound knowledge in both medicine and gastronomy. In his hands, these assets will surely gain even greater value."

"Exactly, we shouldn't compete! I give up!"

...