Chapter 791: 791
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Hideki Yokoi and his two sons needed money urgently . The banks and insurance companies were forcing them to sell off their properties to pay off their debts . Without money, Hideki Yokoi could not even pay the interests, and the banks might seize all of their assets .
Kunihiko Yokoi and his younger brother had been looking for evidence against Kiiko Nakahara . They wanted to regain control over the Empire State Building . This building was bought by their father . But currently, it does not belong to them .
Kunihiko Yokoi and his younger brother had to face Kiiko Nakahara and a New York property tycoon, Donald Trump .
After the US property market crashed, Trump’s assets had shrunk by two-thirds . But he got a series of loans to keep his company operating . The annual interest for his loans was more than 200 million USD!
At that time, Trump threatens those bankers . If you all make me bankrupt, you all will get nothing . The banks had no choice but to give in and let him pay the interest later .
How did Trump recover from this setback? One reason was he published his books and the recovery of the property market . Another reason was the management rights of the Empire State Building . His contract with Kiiko Nakahara states that if he can get rid of the two most prominent long-term tenants, he will have the full management rights of the building . His 50% shares of the building will increase in value!
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The Empire State Building had management issues for years, and the building lack maintenance . Many tenants were unhappy with the management . In fact, many of the tenants in the World Trade Center were formerly from the Empire State Building . This cause the value of the Empire State Building to fall .
Hideki Yokoi and his sons desperately needed money now . That’s why Kirilenko’s men went straight to look for Hideki Yokoi’s son, Kunihiko Yokoi .
Kunihiko Yokoi was overjoyed when he heard that someone approaching him to buy the Empire State Building . But he was also troubled as he needed to regain control over the building before, he can sell it .
……
“Feng, it is hard for us to buy the Empire State Building . The management rights of that building are a mess . This building was bought by Hideki Yokoi, but now, Trump and a French trust company have the ownership rights of it . Those Japanese had nothing to do with the building suddenly . ” Kirilenko had a headache . Why was it so difficult to buy the Empire State Building?
Feng Yu did not expect Kirilenko to take him seriously . He only wanted Kirilenko to move out of the World Trade Center . Buying the Empire State Building was only a random suggestion .
“Brother Ki, have you been to the Empire State Building? I heard it is old and run down . Wires are hanging from the ceiling and the windows can’t close properly . During thunderstorms, the building will leak, and it is infested with rats . We need to invest a lot in the renovation if we bought this building!” Feng Yu said .
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“So what? This is America’s iconic building, and I want to own it! My people had evaluated the building, and if we renovate the building, the rental will increase . We will not make any losses . ” Kirilenko replied stubbornly .
The Americans had made a lot of money from Russia . They had acquired lots of Russian factories and brands . Kirilenko wanted revenge and let the whole world know that Russia also has tycoons! Of course, he had to make sure this investment will not make any losses .
Feng Yu thought for a while: “There is only one solution . We must let all parties give in and agree to sell the building . We must prove that Hideki Yokoi is the rightful owner of the building first . ”
Hideki Yokoi was in debt . If Feng Yu and Kirilenko made a good offer for the building, he would surely sell . He had no other choices . Even if he refuses, the banks and insurance companies will force him to sell .
Almost all of Hideki Yokoi’s assets in Japan were taken over by the banks, and he still owes the banks lots of money . Those banks were monitoring Hideki Yokoi’s overseas assets closely .
Feng Yu suspects that the ownership of the Empire State Building was transferred to prevent the banks from repossessing it . Hideki Yokoi should be thinking of transferring this building to his sons . But Kunihiko Yokoi interfered and took over the ownership through underhand means .
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Hideki Yokoi’s anger was only a pretense . He can’t be telling others that he was offloading his assets to avoid the banks from possessing it .
After Hideki Yokoi was released from jail, he can apply for bankruptcy . He was already in his 80s when he was released, and it doesn’t make a difference . The Japanese have strong family values . All Japanese tycoons wanted to leave something for their children .
Even when Hideki Yokoi’s business had failed, he still wants to leave an inheritance for his children . This was also for him to stage a comeback . Also, Kiiko Nakahara was his daughter from one of his mistresses .
That’s why Hideki Yokoi must step forward and take back the ownership of the building . This would be the best deal for him . It will not be worthwhile if he let someone manage the building, and he just gets a cut from the rental .
There was also a possibility that Kiiko Nakahara was trying to take over his assets . But no matter what the reason was, Hideki Yokoi was the only person who can solve this problem .
“Hideki Yokoi is still in jail . My men had gotten in touch with his elder son, Kunihiko Yokoi . He is the legal successor of his assets . ” Kirilenko said .
Kirilenko also wishes he could speak with Hideki Yokoi .
“I think we can only speak to Hideki Yokoi and see if he wants to leave an inheritance for his family . It’s all up to him . If he is smart, he should know what to do . Brother Ki, leave this to me . I will get someone to speak to him . We will buy this building!”
Jianlibao’s branch office in the US had bought a floor of offices in the Empire State Building in the past . But it was changed to rental later . Just two years ago, Jianlibao bought 26 stories of a building in Fifth Avenue .
Jianlibao had successfully penetrated the US market . During the presidential elections two years ago, they sponsored their drinks to the wives of the candidates, and it appeared in a picture of .
These few years were Jianlibao’s best years in the US . They took advantage of the war between Coccola and Pepsi to secure market share . But because of their troubles back in China in the later years, they had to withdraw from the US market .
Feng Yu decided to remove all tenants in the Empire State Building after he bought it . He will pick the new tenants and will make this building as the gathering point of Chinese companies . He will ask Jianlibao to return to this building . He might even be able to make some business deals with Jianlibao . He will also let Wind and Rain Electronics, Wind and Rain Home Appliances, etc . to set up branch offices in the US . He wants to rename the Empire State Building to the China State Building!
Translator’s notes: The author seems to be wasting time by beating around the bush . This chapter is confusing and it is so different from the other chapters in the past .