The City Government's attitude had changed, and Feng Yu's attitude had also changed.
At first, Feng Yu had given in to the City Government because the City Government said that they could sell the entire automobile project to him. Now, the City Government had changed their mind, and Feng Yu did not agree to the terms they had discussed previously.
You want me to continue to invest in the Machinery Company? Fine. Then let's calculate the value of the Machinery Company's shares. Let's see how many people in the Machinery Company are doing nothing.
Fu Guangzheng was also present for this negotiation. He, the shareholder, must be informed of the decision to invest in the Machinery Company.
When Fu Guangzheng knew that Feng Yu was going to invest more than 1 billion RMB and increase his shares, he was also stunned. He was going to set up more automobile and motorcycle factories.
Fu Guangzheng and the entire Fu family supported the construction of an automobile factory and the production of saloon cars. But to set up such a big factory without considering the market's tolerance, there would be losses in the early stages. Fu Guangzheng hesitated for a while and called his father and eldest uncle to discuss. In the end, he told Fu Guangzheng that he does not have the funds to continue and was willing to let his shares be diluted.
Feng Yu had invested more than 1 billion RMB, and if Fu Guangzheng does not want his shares to be diluted, he would need to invest a large sum of money. His father had invested most of his money in Hong Kong property, and Fu Guangzheng had also invested. He really does not have so much money.
Also, his eldest uncle felt that although China's automobile market was expanding, especially the saloon cars market, it was not as optimistic as what Feng Yu had predicted. Feng Yu wanted to set up such a big project, and that meant that he wanted to use his money to increase the market share and look to the future.
Feng Yu had successfully predicted the Gulf War at the start of the year. He had speculated on London gold and oil futures and made a fortune. 1 billion RMB. Feng Yu could afford to lose money, but Fu Guangzheng could not afford to lose money.
Also, Fu Rongqi suspected that Feng Yu had invested so much in the automobile industry because of other benefits. Fu Guangzheng could not enjoy these benefits, and that was why he would rather let Feng Yu dilute his shares.
After some calculations, the Machinery Company's market value was 432 million RMB. This was the result of the City Government's calculations. Feng Yu was very satisfied with this result. Those people in the City Government did not know how to calculate a company's market value. If Feng Yu wanted to calculate the market value, he would be able to calculate at least 500 million RMB.
Feng Yu had invested 1 billion RMB in cash, and together with Kirilenko's equipment, it was 300 million RMB. That was a total of 1.3 billion!
In the end, the City Government's shares were reduced to 7%, Fu Guangzheng's shares were reduced to 4%, and the Feng Family's shares increased to 88.4%. There was also a mysterious shareholder that no one had met before, who owns 0.6%.
Feng Yu had given in to the City's shares, and the City Government had also given in to other conditions. They transferred out all the overstaffs from the Machinery Company. Feng Yu had said that the Machinery Company does not need these people and positions. But the Machinery Company will retain the rights of the Labour Union. All the workers in the company were supportive of this.
All the leaders in the finance department were promoted by Feng Yu. Feng Yu was also in control of the human resources department. In the future, the leaders of the branch factories, including the head office's leaders, will all be discussed at the shareholders' meeting.
Who had the final say in the shareholders' meeting? Of course, it was the controlling shareholder, Feng Yu!
Bing City's automobile branch factories were being built quickly. Feng Yu had also sent his men to the places he was interested in to contact the local governments. He expressed his willingness to invest in the factories. He wanted to complete the negotiations in the shortest time possible. The land must be leveled by the end of this year.
As for Feng Yu, he went to Hangzhou.
There were two important things he had to do in Hangzhou. The first was to try to acquire the shares of Wahaha's other shareholders. As for Zong Qingxian's shares, Feng Yu will not touch them. He does not want Zong Qingxian to start from scratch. The second thing Feng Yu wanted to do was to look for someone. The future leader of Hua Xia's private automobile industry, Li Dafu!
Li Dafu was a legend in his previous life. His legend was on par with Zong Qingxian. Zong Qingxian was the leader of China's beverage industry, and Li Dafu was the leader of China's private automobile industry. He was also the first company in China to own an international automobile brand. He was also one of the top 500 companies in the world.
What was Li Dafu doing now? He had set up a small factory, which will be the predecessor of his company in the future. His main products were fridge parts, interior materials, etc. But his factory had developed Hua Xia's first magnesium-aluminum curved board. It was a type of magnesium-aluminum alloy. It had heat insulation, anti-corrosion, and waterproof properties.
From this point of view, it was no wonder that he could say that a car with four wheels, an engine, and a shell was a car. At least in terms of the shell, Li Dafu was doing a good job.
Without Feng Yu's help, Li Dafu would enter the motorcycle market two to three years later. He will be successful and accumulate funds quickly. He will also be familiar with the engine and wheels.
But it was impossible in this lifetime. Feng Yu had planned everything, and in the future, Hua Xia's biggest motorcycle manufacturer will be Bing City's Machinery Company. It might even be the world's biggest motorcycle manufacturer.
Those small factories will not be able to develop. Li Dafu will not be able to accumulate funds quickly, and his car project will not happen.
But there were rumors that Li Dafu was charismatic and knew how to trust people. He was good at listening to others' opinions. In Feng Yu's previous life, Li Dafu's company had successfully changed from a family-owned company to a shareholding company. This was admirable.
It was too difficult for family-owned companies to pick a successor. After all, there were not many choices. But a shareholding company was different. They could pick a good CEO from tens of thousands of people.
Li Dafu's few rounds of financing were successful. He had retained his shares and authority, and the company had funds to develop quickly.
Li Dafu was also focused on research and development. He knew that technology was the biggest obstacle to Hua Xia's automobile development. He had spent a lot of money to set up an automobile research facility to research on engines, transmissions, electronics, etc. This was what Feng Yu valued the most.
This time, Feng Yu wanted to get to know Li Dafu. He wanted to see if Li Dafu was as amazing as the rumors said. If the rumors were true, then Feng Yu wanted to poach Li Dafu to be the Deputy General Manager of the Machinery Company and be in charge of the car project.
Feng Yu believed that Li Dafu would not reject the promise of high salaries and shares. Li Dafu might reject the high salaries. After all, he was the boss now. But with the shares, he would also be the owner of the company. Also, the shares Feng Yu offered would not be small. 1% of the shares would be worth more than 10 million RMB.
This condition should be enough to move Li Dafu. If this was not enough, Feng Yu could still use some tricks to swallow up Li Dafu's factory. A factory worth less than 10 million RMB was too easy for Feng Yu to swallow up.
Feng Yu walked into Li Dafu's factory. Li Dafu, I hope you will not disappoint me!
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