Feng Yu immediately registered an investment company in New York and made an agreement with Kirilenko. On the surface, Kirilenko will be a shareholder of the company. This will be a joint venture between the US and Russia. Kirilenko's shares will be transferred to Tai Hua Trading, and the transaction will take place one year later.
Of course, Kirilenko agreed without hesitation. After all, he didn't need to spend a single cent.
Feng Yu also contacted Li Zekai and Fu Guangzheng. Li Zekai used the Li Family's resources to register a trading company in Canada, and Fu Guangzheng registered a company in Singapore.
Like Kirilenko, both companies were registered for Feng Yu, and all their shares were transferred to Tai Hua Trading. The transaction will take place one year later.
At this time, Li Jingwei had just bought a plot of land in Guangzhou and transferred all his funds there to start the construction of Jianlibao's skyscraper. He had used most of the company's cash flow.
After that, he used the US market as an excuse to transfer most of his cash flow into the US company's account. This caused Jianlibao to hold back the distributors' payments.
This was only the first step of Li Jingwei's plan, and he immediately starts the second step.
Li Jingwei told the City's leaders that the US company had investigated the potential of tea beverages in the US market. But Jianlibao does not have a mature tea beverage formula, and the best tea beverage in China is Wahaha Group.
That's why Jianlibao should negotiate with Wahaha to purchase Wahaha's tea beverage formula and modify it to produce a new tea beverage suitable for the US market. This will bring high profits to Jianlibao.
When the City's leaders heard that this will bring high profits, they immediately agreed. It's only buying the formula, and we can't stop them from doing this.
But Li Jingwei told them that Jianlibao is out of money and wants the City's leaders to help Jianlibao get a loan from the banks.
The City's leaders were shocked. How come Jianlibao is out of money? After the New Year, when you asked for funds, didn't we give them to you? Then, the leader realized that Jianlibao was not only out of money, but also owed the distributors money.
If it weren't for the fact that they had worked together for so many years, those dealers would have long caused a ruckus! Once all the distributors went on strike, Jianlibao's sales would be paralyzed. If that happened, Jianlibao would be finished.
The leader started to investigate where Jianlibao's money went.
After that, they found out that Jianlibao had bought a plot of land in Guangzhou. This was not a big deal, but why did Jianlibao pay for the construction and materials right after the construction started? How could they do that? Shouldn't they be paid after the job was done?
But the money had already been given out. How could he get it back? The US branch company had taken a lot of money, saying that they were opening up the US market. They were still opening up the US market, and they would definitely be able to bring back huge profits. But no one knew when they would be able to open up the market!
The leader was unhappy. He called Li Jingwei over and scolded him severely. With this kind of management ability, he still wanted Jianlibao's shares? Hmph! I will kick Li Jingwei out of Jianlibao sooner or later!
Li Jingwei started to urge Wahaha to buy the formula of their tea beverage. If not, they would not be able to make it in time for the summer season. When Li Jingwei was talking to the bank about the loan, he purposely "let slip" that Jianlibao's sales were facing a serious problem, and Jianlibao owed the distributors money.
This time, the bank does not dare to give the loan, especially when Li Jingwei asked for a loan of 500 million RMB!
Jianlibao was in an awkward situation, and the City's leaders were in a difficult position. Jianlibao was doing well last year, and suddenly, they did not have enough money. But Li Jingwei was right. If they developed a new product, they would be able to get high profits from the US, and Jianlibao will be able to rise again.
At this time, Wahaha's Zong Qingxian came up with a new proposal. Exchange of shares.
Wahaha and Jianlibao will exchange some of their shares, and Jianlibao will sell the formula of their tea beverage to Jianlibao, and Jianlibao will return the money one year later.
The City's leaders were hesitant. This is the same as selling off Jianlibao's shares.
Li Jingwei analyzed for them. How many factories does Wahaha have in China, and how many distribution channels do they have? After exchanging shares with Wahaha, Jianlibao will have the opportunity to swallow up Wahaha's distribution channels.
Even if they cannot, Wahaha's profitability is not bad, and the City will not suffer any losses. The City's leaders discussed and agreed to this proposal.
Jianlibao used 8% of its shares to exchange for 6% of Wahaha's shares. Based on their evaluation, Jianlibao's market value is much lower than Wahaha. Who asked Wahaha to have more factories?
The City's leaders did not notice that Jianlibao's skyscraper had just started construction, and its valuation is very low.
After getting the formula, Jianlibao's R&D team starts to research on the new formula. They only need to add steam, ensure the taste, and pass the US inspection.
But there is another problem. They still do not have money. They can owe money in China, but they cannot owe money in the US.
The City's leaders asked Li Jingwei. Didn't they transfer a sum of money to the US branch?
Li Jingwei replied that it is because of the advertising fees. Didn't you all say that Jianlibao's advertisements are not as good as other products? We decided to increase the advertising volume to increase Jianlibao's exposure. We want more Americans to know about Jianlibao and fall in love with Jianlibao!
Simply put, they had used up all the money!
The City's leaders had a headache. They contacted a few banks to get loans, but none of them succeeded. If they borrowed too much, the banks will not approve. If they borrowed too little, the banks will not approve. Now, they still owe the distributors a lot.
At this time, Li Jingwei made another shocking move. He stopped paying the workers' salaries for this month. He is going to use this money to cover his expenses.
The workers immediately stopped working. Even the researchers in the laboratories also stopped working. Li Jingwei immediately tried to calm the workers.
But even some of the management staff could not control Li Jingwei. The City's leaders had no choice but to step in and tell them that they will think of a solution.
How are they going to solve this problem? Although the City has money, they had already made their plans. If they give the money to Jianlibao, what if it is not enough?
The distributors gathered in Sanshui to ask Jianlibao to pay them the money they owed them. If not, they will block the entrance of the factories and the City Government every day.
It's only right for them to repay their debts!
This banner was fluttering in the wind outside the City Government, and the City's leaders did not dare to raise their heads. Most importantly, there were too many people, and the Police could not handle all of them!
They did not expect this incident to be reported in the papers. They were going to be humiliated!
Feng Yu heard about Jianlibao's current situation and opened his eyes wide. He did not expect Li Jingwei to be more ruthless than he expected!
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