Brother Dao Took the Entertainment Industry by Storm, Fans Beg Me Not to Kill Anymore

Chapter 816: The True Value of the Jinhe Prince’s Mansion—Why is Xiao He so good at making money?!

The Jinhe Prince Mansion Garden, a mansion located in the core conservation area of Beijingʼs old city, was originally acquired for development by a long-established Beijing enterprise. It was once a key project for Cultural Tourism in the old city, with future plans to integrate it into the old cityʼs scenic area operations as a special, non-public attraction.

However, the enterprise later faced severe financial difficulties, incurring massive foreign debt in US dollars. The companyʼs entire equity was mortgaged to an overseas consortium, and the property rights to the mansion, being one of the companyʼs core assets, were included in the overall debt package.

At the time, this sum was truly astronomical, and even the authorities were unable to bear such a loss on their behalf. After much back-and-forth, the debt rights eventually fell entirely into the hands of the worldʼs largest overseas auction house, the Grafton Auction House.

However, because the scale of this debt was massive and the auction house intentionally set the assets as indivisible—requiring the entire astronomical debt to be bought out to take over—coupled with Beijingʼs strict requirements for cultural preservation, renovation, and usage control, no one dared to touch it for decades, leaving it vacant and sealed off to this day.

The more detailed circumstances need not be mentioned for now. Because this happened decades ago when many relevant domestic and international policies were not yet fully implemented, the debt itself was essentially a bad account, strictly locked within rigid constraints by all parties involved.

Even if someone were capable and coveted this mansion, which soared in value every year due to its location in Beijing, they would first have to pay off all the other debts included in that package before they could officially acquire the property.

But this was basically impossible. In that bad account, apart from the land the mansion sat on, everything else was a massive pit. Moreover, because it had been left idle for so many years, the interest had snowballed into an astronomical figure. Later comers were certainly unwilling to spend a fortune to fill those other pits just for the sake of this one mansion. Whoever ended up with this thing would suffer a massive loss!

The Grafton Auction House clearly knew this, so they preferred to set an extremely high threshold and let it rot in their own hands rather than sell it at a loss. This way, it would always remain a valuable commodity for sale, rather than a money pit that had already incurred a loss.

Therefore, it was hard for others to imagine that the Grafton Auction House, which was linked to the worldʼs largest capital and backed by the worldʼs lifeline, would suddenly split this property off and, in a low-key manner that felt almost like a fixed deal, allow it to be auctioned off to someone else.

And to someone like this—a complete unknown.

Bao Wenyu looked the person in front of him up and down, still finding it hard to believe the results he had quietly investigated after learning about the matter.

Although Xiao He was indeed famous and his two companies were developing quite well, with achievements far exceeding those of most of his peers, but...

How could this be? How on earth did he manage to get the Grafton Auction House to open a back door for him and let him acquire this property at such a low auction price?

In fact, not only Bao Wenyu but many other big shots who had gotten wind of the news, such as Shipping Tycoon Bao Xingsheng, could not figure out the trick to it at all.

Especially when looking at Xiao Heʼs public background: his family was a very ordinary working-class household, and there were no wealthy elders to speak of. His current achievements were basically built through his own hard work, and his parents couldnʼt really help him with anything.

When they asked the auction house, adhering to the principle of protecting client privacy, the auction house explained nothing and refused to reveal any information at all.

As they continued to observe from the shadows, they discovered that the agent handling the procedures for Xiao He was the famous industry insider Carlsen. He was even willing to fly to China personally for Xiao He and specifically went to Beijing to help supervise the reconstruction work of the mansion on-site.