Chapter 153: The Golden Camera
Today's intelligence: Golden camera - There's a Leica 30th Anniversary Gold Edition camera for sale at a flea market in Singapore. You can successfully snag it for under 5000 yuan.
Relevant images and location are attached on the second page.
Chen Yiyang swiped today's intelligence upon arriving in Singapore.
But it's just about snagging a camera, after reading through the info, Chen Yiyang decided to first visit Huang Yuqiu.
To see what 'returning to the Mainland next week' Yue Ting wanted from him.
If there's still time after handling the matter, he'll go back to snagging the camera.
This time, Chen Yiyang came to Singapore with the little accountant. The little accountant said he wanted to check out the distinctive food courts of Singapore,
Singapore has very few people who cook at home, hence the emergence of food courts akin to school cafeterias in dining culture.
The little accountant is quite curious.
Chen Yiyang let him go, while he went to see Huang Yuqiu and Yue Ting himself.
"Hello Yue," Chen Yiyang said upon arriving at the private room. Yue Ting and Huang Yuqiu were already there.
After the three met, they didn't talk business right away, but rather chatted while sipping tea for a while.
Can't deny, Yue Ting does have a certain charisma.
He's humorous in conversation, and his logic is quite clear.
Otherwise, he couldn't have swindled hundreds of billions in investments, and there are still people who trust him.
This reminded Chen Yiyang of a guild leader he met while playing MMO games.
He was the typical scumbag, loved to flirt with girls in games, and would never allow them to announce their relationships publicly; he'd tell others they were his apprentice and would juggle five or six relationships at once.
Eventually, his affairs were exposed, and he was called out on forums.
But he had a magnetic personality; playing games with him felt exhilarating and fun.
But if you trusted him for anything other than gaming, you'd be in for a terrible disappointment.
"Speaking of which, Yiyang, what exactly do your parents do? I've never figured it out; they're quite mysterious," Yue Ting said as he gradually steered the conversation towards Chen Yiyang.
"They're just ordinary people. I built everything from scratch; I just got lucky and have some assets now," Chen Yiyang said frankly.
Both Huang Yuqiu and Yue Ting exchanged a knowing smile, not believing Chen Yiyang's words.
What kind of miraculous luck could enable an ordinary person to amass billions in assets within a year from scratch?
Both of them believed there must be someone behind Chen Yiyang, but this person was too mysterious.
Either Chen Yiyang was a puppet for some big shot, or his parents' identities were too significant to be revealed.
"Actually, the car manufacturing I've been involved in abroad for these past years is almost finished," Yue Ting said.
"My Jarali cars are about to go into mass production."
"Congratulations," Chen Yiyang replied perfunctorily, inwardly doubting what Yue Ting said.
Every year, he's been saying they're going into mass production, yet every year there's no progress.
But thinking again, how does this guy secure hundreds of billions in financing with this project?
Could it be as the internet says, top-tier investors focus on the person, not the project?
As long as they believe in the person, they'll provide whatever funding is needed?
Seeing Chen Yiyang's lack of interest in the topic, Yue Ting quickly switched gears saying, "I wonder if you're interested in developing abroad? I have some connections overseas."
"No, thank you," Chen Yiyang replied, "I'm quite content staying in the Mainland."
"Haha, it's good for now. But when your business grows in the future, having another option could be beneficial; after all, no one can guarantee smooth sailing forever."
Chen Yiyang and Yue Ting continued chatting.
But Yue Ting kept his explanations convoluted, leaving Chen Yiyang unable to grasp his true intentions.
Yue Ting sensed this issue, and thus stood up saying he needed to use the restroom.
After Yue Ting left, Chen Yiyang turned to Huang Yuqiu.
"Mr. Huang, what did Yue Ting ask you to invite me over for, really?"
"He's probably curious if you have any intention of transferring assets abroad," Huang Yuqiu said more directly.
He continued, "You think he spent billions abroad on non-producible cars, and he's genuinely foolish? Impossible."
Huang Yuqiu straightforwardly revealed, "He's helping people with asset transfer. Many want to move their money earned in the Mainland abroad for easier escape later.
But direct transfers can be monitored and are tricky. Investing money abroad is much easier.
So the car project that got billions in investment is essentially using the pretense of investment for asset transfers."
With Huang Yuqiu's explanation, Chen Yiyang finally understood.
Why this Yue always announces car manufacturing abroad, yet never achieves mass production.
But still manages to secure large investments annually.
Turns out he's facilitating asset transfers under the guise of car manufacturing.
Perhaps this Yue saw the internet speculation about Chen Yiyang being some top wealthy second generation and came to expand business, inquiring if Chen Yiyang's family plans on transferring assets.
Understanding this, once Yue Ting returned, Chen Yiyang hinted he currently doesn't plan on moving assets abroad.
Yue Ting dropped the topic and spoke instead about his experiences in the United States.
Those topics were detailed, like assets and the stock market over there.
Chen Yiyang gained quite a bit of knowledge.
Then, Chen Yiyang brought up Kuxing Coffee, asking Yue Ting for his thoughts.
"Kuxing Coffee, huh? They're actually okay," Yue Ting had different views on Kuxing.
"Though their stock collapsed, and they were forced out of the stock market, their shares are already circulating on the pink sheets.
If they can survive this crisis, I'd consider buying some of their stocks from the pink sheets."
"What's the pink sheets?" Chen Yiyang asked curiously.
"Regular stocks, once listed, are regulated, requiring financial statements for investors.
But those are standard financial market practices. Not all companies can finance in the standard financial markets.
Many small companies don't want regulation, nor can they enter the formal stock trading market. At such times, they turn to the pink sheets.
Seen 'The Wolf of Wall Street'? The protagonist sold stocks from the pink sheets there.
In short, if you own a company, you can print some stocks yourself and sell them on the pink sheets.
No regulation, no financial statements for investors needed.
As long as someone's willing to buy your stocks, you get the money.
Thus, the pink sheets are basically a scam hub. Stocks there can't be sold conventionally, so they need someone like the protagonist in 'The Wolf of Wall Street' to sell them through deception.
For every ten dollars of stocks sold, they could take seven to eight dollars in commissions."