After waiting for a few days, Feng Yu received a call from Liu Yonghao again. The news was both good and bad.
The good news was that the Guangcai Cause welcomes Feng Yu to join them, and they are planning to set up the Guangcai Cause Promotion Association. This association will be approved by the government, and it will be considered an official organization.
Also, this promotion association will have positions such as Chairman and Board Member. Liu Yonghao promised Feng Yu that Feng Yu will get a Board Member position. As for the Chairman and Vice Chairman, they will naturally be elected from the 10 founders.
Also, Feng Yu can also run for the position of Chairman and Secretary in the future. This is fair to everyone. From the scale of Feng Yu's businesses, Feng Yu has the qualifications to run for the position. He is even more qualified than all of them.
Although Liu Yonghao does not know how many shares Feng Yu owns in so many companies, all of these companies have low profits. Even if he owns only 10% of the shares in each company, Feng Yu's net worth will still be much higher than them.
Feng Yu is very satisfied with this news. He does not intend to be the Chairman or Vice Chairman. As a Board Member, it will be enough for him to be in charge of education. He believes that no one can compete with him on this point. Even if the rest of them add up, their donations for education will not be as much as Feng Yu's.
The reason why Feng Yu wants to be in charge of education is because he knows that the people below him will often do things wrong. You can take out 1 million to build a building, but the final cost might only be 500,000 or even lower.
Feng Yu does not want to spend money, and one day, the school building collapses. At that time, it will be useless to pursue the matter. It might have already caused irreversible losses. For example … … lives!
Feng Yu told Liu Yonghao about this, and Liu Yonghao agreed. He will also help to persuade the other founders.
The good news made Feng Yu very happy, but the bad news didn't make Feng Yu very sad.
The bad news was Minsheng Bank does not allow Hong Kong companies to invest in it. Even Hua Xia was not allowed to invest in it. That's why Feng Yu could not invest in many of his businesses because Fu Guangzheng was involved.
As for the rest, if the controlling shareholder was a single person, it would also be unacceptable.
In other words, Feng Yu's plan to invest in multiple companies and occupy multiple seats on the board of directors had failed. Feng Yu did some calculations, and there are only a few companies left that are allowed to invest in the company.
Brother-in-law might not be interested in Wind and rain logistics. Tai Hua Agricultural Products Company could, but it had too little liquidity. Tai Hua Trading was also fine. But if Tai Hua Trading invested in Minsheng Bank, then the company's accounts would need to be changed, and it would be troublesome to settle accounts with Kirilenko. After all, ICBC had given Tai Hua Trading a green channel. The fees were lower, and it was faster. Some of the less important procedures could be skipped.
Bing City Pharmaceutical Group was fine, but it needed the approval from the Bing City Government. Would Zhang Ruiqiang agree to invest in a private joint-stock commercial bank? Even if he agreed, the funds he could invest would not be high.
Wind and rain battery factory could also invest, but they also did not have the funds. All the profits from the battery factory were used to develop new products, and the sales were not good.
Then there was Wahaha. Zong Qingxian might not be willing to invest too much money. After all, there were no profitable projects in Minsheng Bank.
Feng Yu did not want to invest too much in Minsheng Bank. Luckily, Liu Yonghao had said that he was allowed to invest in Minsheng Bank. That means Feng Yu could fork out 100 million RMB for 1% of the shares.
As long as Feng Yu invested, Feng Yu could show his assets. Even if it was only 1% of the shares, it would not be difficult for him to get a seat on the board of directors.
Liu Yonghao was still apologetic. After all, Feng Yu had shown his enthusiasm and financial capabilities. But in the end, Liu Yonghao told Feng Yu that those companies were not good enough.
Feng Yu did not mind. Anyway, he did not want to invest too much in Minsheng Bank. The current Minsheng Bank was not making money. After 1998, Feng Yu will increase his investment to get more shares.
Feng Yu called Zong Qingxian and told him to put aside his investment in Minsheng Bank. Wahaha should follow Zong Qingxian's plans.
Zong Qingxian was relieved. If Wahaha were to invest in Minsheng Bank, his plans might be disrupted. This was the best time for Wahaha to grow rapidly.
Wahaha's tea drinks had a competitor now. Rising Sun Group.
In Feng Yu's previous life, Rising Sun Group was the pioneer of tea drinks in China. It was not until the year 2000 that Rising Sun Group declined.
But in this life, Wahaha was the leader of tea drinks. Not only was it the pioneer of the tea drinks market, but it also owns the iced tea brand.
But Rising Sun Group still appeared, and its name was Iced Tea. But it was just Iced Tea.
Rising Sun Group Iced Tea had appeared, but its products could only be sold to two provinces. First, it was because of the lack of production, and second, the brand was not well-known enough.
If Rising Sun Group Iced Tea was not in cans and contained carbonation, it would not be able to sell.
In this era, carbonated drinks are the most popular drinks in China. Burping after drinking is considered a good thing to do. As for canned drinks, it was considered a high-end product. Canned drinks were better than bottled drinks!
But Wahaha had taken the lead, and Wahaha had also introduced the Iced Cool series of carbonated drinks. Wahaha had firmly occupied the second position in the summer beverage market, second only to Jianlibao.
It was too easy for Wahaha to suppress Rising Sun Group. But at this time, Rising Sun Group had introduced a new product called Warm Tea!
It was almost winter, and the carbonated drinks market was at its lowest point. Rising Sun Group had introduced Warm Tea at this time, and Zong Qingxian was very unhappy.
It was fine if Wahaha could not beat Jianlibao. After all, Jianlibao had entered the international market and was the leader of the domestic beverage industry for many years. But Rising Sun Group, a product from a small local factory, wants to compete with Wahaha?
Don't you know that Le Bashi had introduced carbonated drinks, and they were defeated by us?
Wahaha also wants to introduce a hot drink, and this hot drink was Pearl Iced Tea!
Feng Yu had drunk Pearl Iced Tea in his previous life. The taste was not good, but it was good to have a cup in winter. People were used to brewing this type of drink. The reason was that there was another popular foreign brand in China — Cola Cola!
Wahaha had been researching Cola Cola's formula, but it could not replicate the taste. It was similar, and there was no need to imitate it. Cola Cola was well-known in Hua Xia. It had entered the Hua Xia market in the 1990s and had a joint venture factory. Cola Cola had always claimed to be a high-end nutritious drink. It was not easy to beat Cola Cola.
But Zong Qingxian would never back down. This was a good opportunity to build a brand in hot drinks and compete with Jianlibao.
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