Fu Guangzheng went to his eldest uncle and asked them to help him buy a few big hotels using their connections. His eldest uncle and second uncle had properties in Taiwan, Malaysia, etc. His third uncle had supermarkets in those places, and Fu Guangzheng and his father also have sales channels in those places.
If the whole Fu family worked together, it would be easier than the Li family to get this deal done. Of course, Fu Guangzheng also needs to give some benefits to the rest. He cannot let others help him all the time without him doing anything.
Fu Guangzheng will transfer some of his Hong Kong companies' shares to his siblings. The shares were not worth a lot, and it was to thank the 3 elders for their help. As for his father, it was his duty to help. His father's businesses will be handed over to his elder brother, and his elder brother will not ask him for money.
Fu Guangzheng had come to discuss with Feng Yu about the minimum size of the hotel, the minimum number of shops, and the ratio of their investments.
Feng Yu had made it very clear that he had paid a high price to be able to partner with Quanjude. That's why Feng Yu wants to own the majority of these hotels. Of course, he will also fork out the money.
Fu Guangzheng could accept this. He does not want to have any conflicts with Feng Yu. Most importantly, Fu Guangzheng does not want to have any conflicts with Feng Yu.
Feng Yu had come up with this deal, and if Fu Guangzheng went over to Feng Yu's side, he would also go crazy. The last time Feng Yu went crazy, Fu Guangzheng's father had suffered heavy losses. But if he was friends with Feng Yu, he would benefit from it.
Just like this gold futures trading. When the gold price rose to 380 USD, it fluctuated for a few days. But in the end, it continued to rise to 391 USD.
Fu Guangzheng's eldest uncle had sold a batch of gold at 385 USD. As the price rose, they continued to sell their shares. But the highest price they sold was only 387 USD.
Only Fu Guangzheng's father sold all his shares at 390 USD. This was also the reason why Fu Guangzheng's family's profits were the highest.
He didn't dare to say much, but in a little more than a month, he had nearly doubled his profits. This was a good investment. If he had such a good investment once a year, he wouldn't need to do anything else to ensure that his assets would continue to rise!
Of course, Fu Guangzheng also knew that this was a rare opportunity. Feng Yu had also mentioned that gold prices will be volatile in 1994. Even his own company does not deal in gold, let alone Fu Guangzheng.
If he followed Feng Yu, he would be able to make a living. This was Fu Guangzheng's highest priority when it came to investing!
In the end, Feng Yu and Fu Guangzheng decided to split the shares 3: 7. Feng Yu will contribute 70% of the shares, and Feng Yu will contribute 30%. In the future, if Fu Guangzheng can buy back the shares from Quanjude's shareholders, Feng Yu will not stop him.
Feng Yu did not ask and Fu Guangzheng did not say anything about the profits he had to pay for these restaurants. Feng Yu can't give all these good opportunities to Fu Guangzheng, and Fu Guangzheng will not do anything.
In the past, Feng Yu had asked Fu Guangzheng to invest in those companies was because Fu Guangzheng would send people to manage them. It was the same now. What Feng Yu needed was the Fu family's connections. If he only needed to pay, Feng Yu would not be short of money.
Fu Guangzheng did not care about what happened next. He continued to go to China to deal with Tai Hua Supermarket Corporation. The rest of the Fu family will be handling the acquisition of the restaurants.
3 days later, Fu Rongqi bought a restaurant in the Central district. It was a Shandong cuisine restaurant. It was not very popular, but because of the location, the business was good. Most importantly, the area was big, and the number of customers was high.
Many people did not understand why Fu Rongqi wanted to buy this restaurant. They heard that he had spent a lot to buy this restaurant. Based on the profits of this restaurant, Fu Rongqi might not even recover his investment in 5 years. Although this restaurant will not make any losses, the return period was too long. This was not Fu Rongqi's investment habits.
Who was Fu Rongqi? He was one of the leaders in Hong Kong's financial sector. Just look at Fu Rongqi's Forex, Gold, and shares. He had made a lot of money these few years. What happened today? Why did he buy a restaurant?
Some tabloids even reported that Fu Rongqi had once eaten at this restaurant and got into an argument with the manager. In a fit of anger, he bought over the restaurant and fired the manager!
In order to deal with a person, he bought a restaurant. The citizens were most willing to believe this kind of rumor. To them, rich people were like this.
But this was not the end of the rumor. Soon, another newspaper reported that Fu Rongqu had bought a restaurant in Macau, diagonally opposite the most prosperous casino. It was a Cantonese cuisine restaurant.
Everyone was puzzled. Fu Rongqu also had conflicts with the manager of the restaurant. Could it be that the Fu family was against the owner of the restaurant?
But soon, someone said what Fu Rongqu's biggest business was real estate and property management. Fu Rongqu must have bought this restaurant for real estate and property management.
But some people did not think so. It was right to invest in real estate and property management. But Fu Rongqu did not say who he was going to rent the restaurant to. Could it be that he was going to manage the restaurant himself?
Were the Fu brothers crazy? Or was the Fu family going to enter the F&B industry? Even if they were going to enter the F&B industry, they should not do this. Buying over a good restaurant at a high price, and there was not much profit in it.
Was Fu Rongqi and Fu Rongqu out of their minds?
But before they could finish their discussion, someone said that Fu Rongbing was in Taiwan and was negotiating with someone to buy over his restaurant. They heard that the negotiations were almost over.
Everyone was stunned. The third son of the Fu family was going to open a restaurant? Was the Fu family under some kind of curse? A curse that would kill them if they did not open a restaurant?
All of them looked at the fourth son of the Fu family, Fu Rongjing. The three brothers of the Fu family had opened restaurants, and they wanted to see if Fu Rongjing was going to open a restaurant too.
If this was the case, then it would be interesting. The four brothers of the Fu family were going to open restaurants at the same time. Were they competing?
In the end, they found out that the fourth son of the Fu family had gone to Malaysia, and Fu Rongqi's eldest son had gone to Singapore with Fu Rongqu's eldest son.
What were they going to do? Acquire restaurants?!
Not only the townsfolk, but many tycoons were also confused. What was the Fu family trying to do? They had acquired so many restaurants, and they were all from different cuisines. How could they combine all the restaurants together? Could it be that they wanted to create a hodgepodge and introduce the signature dishes of different cuisines to all the restaurants?
But if these restaurants had signature dishes, other restaurants also had them. What can they do?
Even if the Fu family wanted to enter the F&B industry, they should start from a small scale. How could they acquire restaurants like this? They knew that the Fu family had invested in gold futures with Fu Rongqi and had made lots of money. But this was not the way to spend their money. Investing in the stock market or real estate was more profitable than this.
Even these tycoons could not understand what was going on, let alone the commoners. All of them had the same thought. The Fu family had gone crazy!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
