Feng Yu had negotiated the contracts with all the distributors. According to the contracts, the minimum sales volume was 84,000 units a year. It was still a far cry from Li Mingde's requirements.
But Feng Yu was not worried. These were only the minimum sales volume. For example, Beijing, Shanghai, Sichuan, etc. were popular regions. The sales volume in these regions should exceed the minimum sales volume. There were also Guangdong, Southeast, Shandong, Zhejiang, etc., which should exceed the minimum sales volume.
With Tai Hua Trading in the Northeast region, it should not be difficult for the sales volume to exceed 50% of the minimum sales volume. Even if the sales volume was slightly lower, Feng Yu still had a trick up his sleeve. He guaranteed that he would not give Li Mingde any chance to mock him. As for the advertising fees, Feng Yu had never spat out the money he got from Feng Yu!
Li Mingde knew that Tai Hua Trading had signed the contracts with those distributors, but he did not know the details of the contracts. Feng Yu would not let Li Mingde know. If Li Mingde knew that Tai Hua Trading's profits were so high, he would try his best to get back the sales rights, even if he had to lose some of the sales volume.
To prevent Li Mingde from getting what he wanted, Feng Yu purposely acted weak and went to look for Li Mingde. He asked if he could tear up the two contracts that had the intention of making a bet. If Li Mingde could sell 100,000 units of motorcycles a year, he would be thankful.
Of course, Li Mingde was not willing to do that. This was a good opportunity for him to attack Feng Yu. Furthermore, it involved a few million RMB of advertising fees.
If he won, he would be able to "teach" Feng Yu a lesson and strengthen his position in the Machinery Company. He would also be able to get back the rights to manage the motorcycle factory. He would also be able to get back the few million RMB of advertising fees and show off in front of the City leaders.
As for Feng Yu's promise to tear apart the contracts and not to go against him in the future, Li Mingde ignored it. If he won the bet, how could Feng Yu go against him in the future?
Li Mingde was very proud of himself. During the Machinery Company's meetings, he criticized the Motorcycle Factory several times for not doing well. He especially criticized Feng Yu, who was the Temporary Director of the Motorcycle Factory. Feng Yu was often not in the factory, and the sales were not good enough. The cost of the Motorcycle Factory also did not decrease … …
What he said made it seem like Feng Yu was useless in the motorcycle factory. He was waiting for some time to teach Feng Yu a lesson.
If it weren't for Hou Haitao giving up and the Hong Kong businessmen supporting Feng Yu, Feng Yu would not be the motorcycle factory director. Even with more people's support, Li Mingde still did not let Feng Yu directly become the factory director. He only gave him the position of acting factory director. If there were no results within a year, then someone else would be replaced!
Even if there were results and Feng Yu had secured his position as the factory director, Li Mingde was not afraid. The Motorcycle Factory was only a branch of the Machinery Company and was still under the management of the Machinery Company. He was the General Manager of the Machinery Company, and Feng Yu was the Emperor. He was the Emperor!
The only thing that made him feel disgusted was that Feng Yu had the veto power. Although the motorcycle factory's leaders were appointed by Li Mingde, Feng Yu's veto power was too annoying. Feng Yu had rejected Li Mingde's suggestions several times.
But Li Mingde believed that it would not be long before Feng Yu gave up his position. In the middle of the year, if there were still no results, Li Mingde would talk to Hou Haitao. Even if he had to let Hou Haitao be the factory director, he must get rid of Feng Yu!
Li Mingde had no choice. The Aviation Factory was bigger than the Machinery Company, and Hou Haitao's rank was higher than him. Hou Haitao also had a military background. Previously, when the Aviation Factory gave up, Li Mingde did not dare to do anything!
If it weren't for the City Government, how could the Aviation Factory get 14% of the Machinery Company's shares? Also, what are those technologies from the Aviation Factory? Fuel saving technologies for the engines, anti-wear technologies for the tires, and the high performance battery technologies from the Motor Factory. These were all things that the Motorcycle Factory does not need!
Furthermore, the technologies that the Aviation Factory used were for 4 wheels. Was it the same as the Motorcycle Factory's 2 wheels? If it weren't for the Aviation Factory using a large sum of money to persuade the City Government, the City Government leaders would not agree to this.
Li Mingde thought that Hou Haitao was interested in the Machinery Company's profitability. But he did not know that this was the result of Feng Yu's persuasion.
Feng Yu had promised Hou Haitao that if the Machinery Company's profitability did not meet the Aviation Factory's expectations, or if the Aviation Factory needed money urgently, then Feng Yu would buy the Aviation Factory's Machinery Company shares at a premium.
Of course, Hou Haitao also heard a piece of good news from Feng Yu. The Aviation Factory wanted to order an ultra-high powered electric furnace, and the other party had agreed to sell it. They were still negotiating the price, and the earliest would be March. The latest would be June, and the Aviation Factory would get the furnace.
When was the Aviation Factory in need of money? Of course, it was when they were buying the Super High Power Electric Furnace. This furnace was not cheap. It was a second-hand furnace from the 70s, and the selling price was more than 10 million Rubles. Furthermore, the furnace that Feng Yu had contacted was from 1985. The technology was more advanced, and the selling price was more than 40 million Rubles. Even if it was a second-hand furnace, it would cost at least 20 million Rubles.
Furthermore, the European countries and the US had imposed a lockdown on China's technologies. Even if you had the money, you might not be able to buy it. If not, with the support from the country, the Aviation Factory would have been bought a long time ago.
When the Super High Power Electric Furnace was shipped back, Hou Haitao could use the Machinery Company's shares to pay for it. The rest of the factory's shares should be enough.
Feng Yu had wanted to persuade Hou Haitao to use the shares of the humidifiers to pay off the debt, but Li Mingde rejected him. The profits from the humidifiers were much higher than the Machinery Company's shares. Furthermore, the amount that Feng Yu gave him was too low.
It was just cash. The Aviation Factory could definitely afford it now! Even if they could not afford it, they could still apply for funds from the higher-ups. This was buying an Super High Power Electric Furnace. The higher-ups would surely give them the funds.
Although Hou Haitao said this, he was worried that the higher-ups would snatch away the electric furnace. That was why he did not mention anything about the funds to the higher-ups. The Aviation Factory had to raise the funds themselves.
When the electric furnace was shipped back, the Machinery Company's shares should have increased. It would be better than keeping it in the Aviation Factory's account or in the bank. There was also no need to worry that the higher-ups would embezzle the money from the company.
Hou Haitao was holding onto his money tightly. He wanted to make sure that he had the money in his hands. He must be able to buy the equipment that he wanted. Feng Yu's idea was exactly what he wanted. That was why he agreed immediately and used all his connections in Bing City to successfully invest in the Machinery Company.
All of these were done under the direction of Feng Yu. The City Government was satisfied because they had gotten the money. Li Mingde was satisfied because the Motorcycle Factory would belong to the Machinery Company and not Feng Yu working with the Aviation Factory. Hou Haitao was also satisfied. This way, the Machinery Company's accounts would not have to pay too much at the end of the year. There were more funds in their accounts. When the electric furnace arrived, the Machinery Company's shares could be converted into cash.
The person who was the most satisfied was Feng Yu. When the Super High Power Electric Furnace arrived, the Machinery Company's biggest shareholder would be Feng Yu!
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