"You just don't understand. Changhong only makes home appliances as a side business. Their main business is dealing in weapons. It's normal for them to have cooperative relationships with Saudi Arabia. They're there to maintain the nuclear weapons. Okay, stop worrying about these things and just take care of Huasha." Lu Feng said with a hint of impatience.
"Huasha is doing very well. Orders have been plentiful all year. Let me tell you, we're going to expand production this year, and the profit is very likely to exceed 50 million," Jiang Xiaoyan said proudly.
"A profit of fifty million?" Lu Feng was also a little surprised when he heard this number. The profit margin for wholesale toiletries and cosmetics is not large. To get a profit of fifty million, the sales volume must reach at least two hundred million.
Based on the current total market size in China, Huasha is at least among the top five in the Pearl River Delta.
"The development is fast enough, that's great!"
Lu Feng returned to the room and called Wei Yandan, asking her to set up a team to handle the matter, mobilize funds to prepare for the transaction, and report the matter to the board of directors.
After hanging up the phone, Lu Feng was worried about how to transport the lithography machine back. If it was intercepted at sea again, not only John, but probably all the other members of the board of directors would suspect that Lu Feng had tampered with it. After all, buying a lithography machine production line costs hundreds of millions of US dollars.
Lu Feng wanted to call Su Yourong, but then he thought that she was already a scaredy-cat and would never take on this kind of work again. In addition, the U.S. Maritime Safety Administration was definitely still watching her, and if he asked her to do this, he was afraid that it would be like throwing good money after bad.
After much thought, Lu Feng couldn't find a suitable person to handle this matter, and he himself didn't have any suitable candidates. So, he called the Science and Technology Commission, hoping they could help him out again.
Unexpectedly, the Science and Technology Committee also shook its head when it heard about this, and told Lu Feng that they had already helped too much and there was nothing they could do about it.
More than an hour later, Goodley called Lu Feng.
"President Lu, we do not agree to the lithography machine purchase. This matter ends here. Last time, 200 million yuan went down the drain. If something goes wrong again, it will be 400 million yuan. According to the current exchange rate, that's a full 3.5 billion yuan!" Goodley said on the phone, "The board of directors disagrees!"
"Whether the board agrees or not is up to you! Who do you think you are, calling me like this?" Lu Feng said irritably into the phone. "Then let's hold a board meeting and vote. John invested in me back then because he valued our investment in high-end manufacturing, didn't he?"
“John says he’s blind!” Goodley said bluntly.
“His blindness has nothing to do with me. This thing is a one-time purchase. Jiafeng is definitely going to make chips, and we have to buy back the lithography machine. We can already design chips. The R&D company has everything clearly explained. You’re telling me you’re not going to buy it? Who do you think you are!” Lu Feng cursed.
“President Lu, I’ve been with the company for a few months now. You don’t need to keep cursing. I don’t owe you anything, I don’t take your salary, and I’m not your subordinate. I’m just conveying the board’s message. If you’re not satisfied, then we can hold a conference call to vote.” Goodley was afraid that he would start cursing again, so he quickly hung up the phone.
Lu Feng really didn't expect that the Schroder Group would put obstacles in his way on this matter. They didn't want to spend any more money now, they just wanted to sell Jiafeng for a good price.
In John's office in London, several senior executives from the investment company were present, each holding a document and wearing a sour expression. After a long while, a man in his fifties sighed and said, "From a short-term investment perspective, we've thrown money into a cesspool. From an entrepreneurial perspective, this Mr. Lu is truly dedicated to high-end manufacturing."
Another person spoke up: "If this company can curb high-end manufacturing in Japan and the United States in Asia, then our investment will be perfect. The problem now is that there is no hope for the next ten years. This is an investment that was wrong from the beginning..."
"Ahem!" The person next to him coughed, reminding him not to be so blunt, since this was an investment led by John.
"Of course, the main problem is people; Lu Feng's abilities are questionable!" The man changed the subject, speaking very eloquently.
John took a deep breath before slowly speaking: "The investment philosophy is not the problem, and Jiafeng Group still has value. The problem is that the board of directors is now an empty shell, and he makes all the decisions. Now they want to spend about 200 million US dollars to buy a lithography machine. I think this matter can be put on hold."
"The company is excellent. The problem is that we cannot effectively use corporate systems to restrain Lu Feng. Therefore, it would be best to remove him from the board of directors as soon as possible. It may be difficult to recoup such a large investment in the short term, but it is not impossible. As long as it is packaged well, someone will definitely buy it."
"I called everyone here to discuss a question: what do you all think about packaging Jiafeng as a high-end manufacturing company that is about to grow and is not controlled by the United States, and then selling it to Wall Street or Silicon Valley?"
The group exchanged glances, clearly indicating that John considered this a bad investment and wanted to cut his losses.
Since the boss had already said so, everyone could only nod in agreement.
John then instructed everyone to start publishing various data, listing Jiafeng as the most competitive, imaginative, and promising high-end manufacturing enterprise in the world for the next decade, and having his securities firm list Jiafeng as a global high-tech dark horse unicorn in some financial reports.
Although it's said to be boasting about Jiafeng, Jiafeng's overall strength is indeed something to brag about. Once the chips are mass-produced, China's production costs will be lower, making it more competitive in the international market.
"Since he's going to produce chips, does that mean the purchase of lithography equipment has been approved?" another person asked.
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