Lu Feng's wailing brought tears to everyone's eyes. Everyone was so engrossed in watching the brothers' infighting that no one cared that it was a funeral. However, Lu Feng's grief made people feel that he was the one who had the best relationship with Mr. Feng.
The scene was finally restored to some order, and the etiquette procedures began to be followed.
Meanwhile, at the headquarters of Sun Hung Kai Properties, several people from the administration department opened Feng Zhicheng's office and began to get busy. Other people in the company saw a group of people tidying up the boss's office and peeked out, whispering among themselves.
"What's going on? Are they moving offices?"
"I don't know, go ask them."
A close friend quietly approached and whispered, "What's going on here?"
"I'm telling you, don't go around making a fuss about it," the other person said mysteriously in a low voice. "The vice president ordered someone to pack his things and fire him."
"Which vice president?"
With just a glance from the other person, the man immediately realized he had asked too many questions and hurriedly returned to his seat. In less than half an hour, everyone in the company knew that Feng Zhicheng was leaving and that Feng Zhiyao was coming back.
This internal power struggle within the Feng family is finally coming to an end.
At 10:30 a.m., after the farewell ceremony and the family's thanks, the funeral procession began. According to local custom, the burial could not take place at noon and had to be staggered.
With the cries of mourners marking the official end of the ceremony, Mr. Feng has now passed away.
Lu Feng did not participate in the burial. Around noon, he and Su Yourong had lunch together at a hotel. While eating, Su Yourong said, "This matter is now settled. What are the next steps?"
"We can't say for sure, we'll have to see. I'm just afraid he won't admit defeat and will try something tough." Lu Feng lit a cigarette and said, "If he knows what's good for him, that's for the best, and then there won't be any more trouble."
"Let's go take a look at the company this afternoon. I can basically agree with what you've told me these past few days. However, I have an idea. If you lack funds, you could spin off the R&D company and list it on the stock exchange. I can help you with that," Su Yourong said, offering her suggestion.
"I've had enough of the suffering caused by capital." Lu Feng shook his head repeatedly. He knew the risks of going public. Various types of capital would come in one after another. He would not lack money, but the company might not be his anymore. He did not want to go through that path again.
Moreover, according to Lu Feng's guess, the one most likely to devour him is Su Yourong.
“In that case, as a board member of Hurricane Capital, I will hold a controlling stake in United Capital, and United Capital will provide financial guarantees for Hurricane Capital to finance you. However, in this case, I would have to increase my controlling stake in Jufeng Capital, otherwise United Capital will not agree,” Su Yourong said.
"How many shares do you think would be enough for you to agree?" Lu Feng countered.
Su Yourong was taken aback when she heard this. After thinking for a while, she said, "Ten percent of the total assets can get seven percent of the funds. That's like a mortgage, and there's interest. If you ask me, it's better to raise funds. If you're worried about being controlled, you can control the shareholding ratio and stipulate it in the contract."
"I have an idea, is it possible to have dual-class shares?" Lu Feng asked.
"What are A and B shares?" Su Yourong asked, puzzled.
"In board resolutions, my vote is equivalent to a hundred votes, giving me control of a small stake."
Su Yourong shook her head with a smile upon hearing this, saying, "This is the first time I've heard such a statement. No investor would agree to this. Even if your company grows into a world-class giant in the future, I don't think they would invest. Isn't this just taking other people's money to start a business and not paying interest?"
Lu Feng inquired for a while, and it seemed that the dual-class share model was not feasible in this era. After thinking for a long time, Lu Feng said, "Then let's raise funds. Help me find an appraisal company and inflate the asset valuation."
"Don't worry about me handling things."
The two men raised their glasses and clinked them together, a tacit understanding forming between them. Lu Feng knew that the chip company was unlikely to make a profit for the next two or three years, and the best way to sustain such a large R&D enterprise was to own a financial company to provide continuous financial support.
According to Lu Feng's guess, it would take at least until around 2010 for the R&D company to become independent and turn a profit. That would be the time of the mobile phone boom. As long as the R&D company's research and development in chips, storage, screens, systems and other aspects are at the forefront of the world, it will become a pivotal enterprise.
Su Yourong also had her own thoughts. There are no pure financial companies left in Hong Kong now. They are either finance plus real estate, finance plus insurance, or high technology. Every year, so much money passes through United Capital, but it all goes to other companies, which makes financial companies very unhappy.
To put it bluntly, financial institutions are like water pipes, but without a reservoir. The water in the pipes belongs to others; at most, it passes through your system, and you collect some interest, interest rate spreads, or tolls.
This is why large corporations are all getting involved in finance; they're essentially installing a pipeline specifically for their own industries, allowing funds to be poured into their businesses, using investors' and shareholders' money to do their own thing.
Su Yourong had another idea. She had indeed gained a foothold in United Capital, and her shareholding had made her one of the major shareholders. However, she could not truly control the company. If she could acquire Lu Feng's R&D company, she would hold shares in Jufeng Capital, and the combination of the two would give her room to maneuver.
If things can't be agreed upon at a United Capital board meeting, then let's discuss them at Hurricane Capital. This will give us a home ground, and besides, it will also tie down a talent like Lu Feng.
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