Lu Feng couldn't help but smile halfway through hearing this. This was just too good!
"No way!!" said the head of the Commerce Department sitting to the side. "Doing this is a typical case of loss of state-owned assets. We must ensure that rights and responsibilities are equal."
“That’s right, our state-owned enterprises can’t afford to lose out on this matter.” Huang Youwei continued, “It’s not just any one person here talking to you now, it’s the entire Jiangsu province talking to you.”
President Chu originally thought that this meeting was just a formality, and that Huang Youwei was just trying to find some benefits for his own people. But the current situation left him somewhat bewildered. It seems that Huang Youwei is quite ruthless to his own people as well.
“I know Mr. Lu, and I know Jiafeng Group. You’re not short of money. You’ve raised so much money from overseas, right?” Huang Youwei continued, “This money is all the same whether it’s used for construction or not. Why not use it for construction in China? Even if the company runs into problems, those signal towers don’t have legs, they can’t run away.”
This time, Lu Feng was dumbfounded. Looking at Huang Youwei, he felt like Huang was trying to take advantage of a rich man.
“You can’t say that. Business is business. Besides, we can’t assume my company will go bankrupt or be sold off. I also have to prioritize the interests of the entire group,” Lu Feng said hurriedly.
"Are you from our country? You haven't immigrated, have you?" Huang Youwei pressed.
"No!"
"That settles it, isn't it? Using foreigners' money to build infrastructure in China, what a great thing! So, I think Jiafeng Group should contribute 90% of the joint venture, and Post and Telecommunications Group should contribute 10%. As for the equity, Jiafeng should hold 51%. We'll give you some consideration on this point. The cooperation period is ten years. During these ten years, you need to double the local cell tower coverage. The regulatory authority will be with the province. What do you think?" Huang Youwei said, revealing his thoughts.
Lu Feng was stunned when he heard this. He felt that Huang Youwei had the illusion that he would cut ties with them after this job. There was no way he would treat private enterprises like fools and exploit them like this.
President Chu was dumbfounded. Wasn't Lu Feng one of your men? Weren't people saying that the two were as close as father and son? What was going on in this scene?
A tiger father begets a dog son?
"No way! You just said it yourself, the rights and responsibilities are equal. We're paying so much money, but the rights we're getting are completely disproportionate." Lu Feng was getting anxious. He was even worse than President Zhou and his son. If he had known Huang Youwei was going to pull this stunt, he should have just shut him down back then!
Lu Feng proposed his own plan: both parties would contribute the same amount of money, the Post and Telecommunications Group would be responsible for construction, and Jiafeng Group would be responsible for supervision. There were no major objections to the subsequent equity structure.
Huang Youwei rejected it outright. Even the head of the Commerce Department felt that Huang Youwei had gone too far this time and quietly offered some advice. Unexpectedly, Huang Youwei slammed his fist on the table and shouted angrily, "Doing business is about maximizing our advantages. We have a huge advantage, so we should take the biggest advantage. We can completely refuse to do this project. Can you refuse to do it? If we can't reach an agreement this year, then we won't talk anymore. We'll leave you hanging for a year, and then we'll see!"
Lu Feng was also displeased upon hearing this and said to Huang Youwei, "I am acting with a sincere heart, for the sake of the people of the province and the development of science and technology..."
"Stop giving me all that high-sounding talk. This is the plan. Accept it or don't, there's no point in discussing it. It's getting late, let's adjourn the meeting and have dinner." Huang Youwei stood up and left with a livid face.
After everyone left, only Lu Feng and President Chu remained in the conference room. President Chu glanced at Lu Feng and said, "Could you please give me back my business card?"
Lu Feng pulled out his business card from his pocket and slammed it on the table.
On the way to the cafeteria, the secretary followed closely behind Huang Youwei and whispered, "Why are you so ruthless to Lu Feng? It wouldn't be a big deal if we gave him a little more profit on this project."
Huang Youwei glanced at his secretary and replied, "Have you ever seen anyone climb the ladder of success by carrying the reputation of a businessman on their shoulders?"
Lu Feng was right. This was a business deal, and they would never see each other again!
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