"When is he coming tomorrow?" Su Yourong thought for a moment and said, "How about I have the company's legal team draft the contract now, and we can bring it over to sign it first thing tomorrow morning?"
Lu Feng knew exactly what Su Yourong was thinking. The contracts he signed with Sun Hung Kai Properties and Chen's Capital were all equity contracts that did not accept equity dilution.
If they acquire 7.5% of the shares, their shareholding will remain unchanged as long as Lu Feng remains the largest shareholder. In the later stages of a large enterprise's development, not to mention 7.5%, even 2 or 3% of the shares would make the shareholder a major shareholder.
"He's also taking the ship early tomorrow morning, around the end of the year." Lu Feng stubbed out his cigarette in the ashtray, stood up, and said, "It's getting late, you should go back and get some rest."
Su Yourong started to get anxious. She had originally planned to sleep here tonight, but now she had no intention of doing so and hurriedly returned to her room.
Su Yourong first called several major shareholders on the board of directors. During the call, the major shareholders unanimously believed that Su Yourong did not need to come back. Now that Lu Feng had agreed to raise funds at a valuation of 15 billion yuan, once Jiafeng Electronics controlled the overseas market channels, the valuation would not be the same.
Regardless of how Su Yourong manages to stay by their side, her relationship with Mr. Feng cannot supersede the company's interests. During this period, they will focus on drafting the contract and signing it as soon as possible.
Su Yourong was also thinking about sending a trustworthy person to stay here so she could lay low for a while, but then she thought that having someone else stay here wouldn't be of much use to Lu Feng.
Su Yourong and Lu Feng are evenly matched rivals. They both know what the other needs from them. If they were replaced by someone who is more businesslike, there would be no prospect of cooperation.
After Jiafeng Electronics opens up overseas trade, its valuation will definitely skyrocket. At that time, even if it goes to Wall Street for financing, it will be favored by many investors. Once it goes global, companies like Jiafeng Electronics will not lack investors. At that time, not to mention Chen's Capital, even Sun Hung Kai will have to increase their investment.
Otherwise, it will be controlled by foreign capital.
After thinking it over, Su Yourong decided to call the company's vice president and ask him to contact more of the companies responsible for transshipping Jiafeng Electronics' goods internationally.
Whether for an individual or a company, being someone who can be utilized means you will never be abandoned.
Tonight, a grand hotel is brightly lit, and Li Guangfa is raising his glass and toasting with the crowd. It's a hastily organized gathering, all of whom are foreign trade agencies.
Li Guang found himself unparalleled in the industry, having seized a new opportunity. Everyone hoped to get some useful information from him. Meanwhile, this afternoon, these companies began frantically contacting companies in Hong Kong, seeking new export opportunities. With international buyers, there was no need to worry about finding sellers.
"Everyone, please be quiet. Let Mr. Li say a few words!" A man in his fifties addressed the crowd. He was the vice president of the trade association.
Although Guangfa Trading Agent had previously joined the association, he was just an insignificant figure. However, today, Li Guangfa was surrounded by people like a star, with a constant stream of people offering him toasts.
That's how foreign trade is. Yesterday you might be thinking of dying, but today you might be hoping to borrow another 500 years from heaven. The ups and downs are enormous.
Standing before the crowd, Li Guangfa felt a surge of pride. Looking at the now quiet crowd, he wore a smug smile and cleared his throat, saying, "Many friends have asked me about the direction of our television exports, and some have asked me about the quality of the televisions from Jiafeng Electronics."
"What I want to tell everyone is that the technology of that batch of televisions is indeed average, but the international market is very broad. The domestic home appliance industry is about to become the largest export commodity. My international partners have called me several times, urging me to continue supplying goods."
"But what I want to say is that this is not just a matter for us alone. In terms of home appliances going overseas, the entire industry needs to unite and set rules for manufacturers first, namely, a 90/10 split of profits. We need to avoid vicious competition, because some of our competitors are really spineless."
“If we all accept a 90/10 profit split, and control the external sales channels, wouldn’t we be able to make money at will? Think about it, if you split the profits 20/80 today and 30/70 tomorrow just to get a few more orders, in the end no one will make any money.” Li Guangfa said to the crowd, “I know that some people will definitely offer to give up profits in exchange for orders, but as long as we persist for one year, just one year, we can make the money those people make in ten years.”
Li Guangfa's words made the people present red-eyed. He could earn tens of millions by shipping just one ship. Once exports opened up, shipping two or three ships a month would be no problem at all, and after a year, he would be worth hundreds of millions.
As for the manufacturers not being able to take it, they don't care. Even if they go bankrupt, it's none of their business.
The crowd was filled with excitement and raised their glasses in celebration. They were like a swarm of bloodthirsty ants, determined to devour an elephant whole.
Especially next year, when major manufacturers begin to compete across the entire range of home appliances, the domestic market will become a red ocean, and overseas markets will be one of the few places they can expand into.
At that time, Lu Feng would never show such a tough side in front of Li Guangfa.
The group drank until midnight. Li Guangfa was a little tipsy, and a boss next to him whispered, "Mr. Li, I heard that many manufacturers are on Lu Feng's side. If suppliers and distributors really start fighting, it will be a fight to the death."
"Impossible!" Li Guangfa waved his hand and said, "What kind of reputation does Lu Feng have in the electronics industry? He's notorious. Who would help him? Let me tell you, those companies will come to me instead. I hold their fate in my hands next year, understand?"
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
