After hearing these two points, Lu Feng snorted coldly. He thought it was ridiculous to be so calculating about such details, and looked at the other person, asking, "May I ask what year it is now?"
"Today is January 1st, 1997!"
"Has the R&D company separated from Jiafeng Group yet?" Lu Feng asked again.
"No!" the other party's finance department replied.
"That settles it then. We're still one company. Why should we return the 1997 budget? Even if the R&D company is part of the group, it still costs money!" Lu Feng said in a deep voice.
"It can't cost 570 million a day!" the accountant said, frowning.
“Research and development is a complicated matter. What if we run out of money? What if we can’t finish it in a day, but a month? Should we talk about it again after the Chinese New Year?” Lu Feng stared at him and said.
The other party's finance staff was speechless with anger at Lu Feng's logic. Goodley spoke up, "Mr. Lu, you are a person of status, isn't it inappropriate for you to be so unreasonable?"
"Am I being unreasonable? You're all reasonable, right? Then I'll reason with you!" Lu Feng said to Goodley, "You can't just look at the first version of the R&D company's budget regulations stipulated in the board meeting. You should also look at the letter of intent and the agreement on responsibilities between the two parties that I signed with you in London. Open your dog eyes and look at these three articles: the prerequisites for the equity to take effect, the effective date of the board's voting rights, and the interim measures of the board!"
Vice Mayor Liu sat down next to Lu Feng, glanced at him, and said, "Speak your mind, don't resort to insults!"
There was complete silence on the other end of the line as someone kept flipping through folders. After a moment of contemplation, Goodley said, "Mr. Lu, we're here to negotiate, not to argue. Ultimately, we need to resolve this issue."
"Have you paid enough money? Since we're going to follow the rules, let's be more standardized. You should transfer 1 billion yuan first to make up the difference!" Lu Feng leaned back in his seat and remained silent.
Ten billion?
John dares not throw any more money into this now, for fear that once the money arrives, Lu Feng will not privatize it, since he still has control over the board of directors.
Vice Mayor Liu knew that the matter was complicated and couldn't be clearly explained. It was simply that when things were good, everyone was inseparable and overstepped their authority, but now that things were bad, they were bringing up old grievances.
If this matter is allowed to drag on, it won't be resolved by this time next year.
"How about I say something? I can suggest a solution. It's nothing more than a sum of money and a private jet. If we can all compromise and want to resolve this issue quickly, this is the best way. Let President Lu choose!" Vice Mayor Liu looked at Goodley and asked, "What do you think?"
Schroders is also under time pressure. John has already promised Jiafeng Group to Wall Street. If they don't buy it after this period, they will really be stuck with it.
The scene was very quiet. Lu Feng was very dissatisfied with the result, but this was how it was. A breakup couldn't be amicable. After pondering for a long time, Lu Feng said, "We don't need the private jet anymore!"
“It wasn’t yours to begin with!” Goodley said.
"Drive back, make John sit slowly, and tell him to be careful not to run into me in the air, or I'll run him over!" Lu Feng said with a hint of resentment.
“Your issues are resolved. What remains are the municipal requirements. First, no layoffs are allowed, and not for a year. Second, there’s the tax issue. The tax exemption ended this year. Of course, we welcome foreign investment and can offer you some preferential policies,” said Vice Mayor Liu.
Once Jiafeng Group becomes a foreign-invested enterprise, it will be able to enjoy more preferential treatment than Lu Feng did before, which is why fake foreign-invested enterprises were rampant in the 1990s.
The local government set only one condition: to ensure employment. After more than an hour, Vice Mayor Liu finally finished his presentation.
The meeting lasted from 10 a.m. to 4 p.m., and they didn't even have time to eat in between.
As the meeting ended, Lu Feng stood up and walked out. The remaining matters required coordination between the legal and financial teams of both parties. After completing the procedures, Lu Feng only needed to sign.
As we walked out of the meeting room, Vice Mayor Liu followed beside me and said, "The sooner we resolve this, the better. Dragging it out will only ruin Jiafeng. If you give up one plane, so many people will lose their jobs."
"I just didn't expect that you foreign-invested companies would offer so many preferential policies, some of which I've never even enjoyed," Lu Feng said, glancing at him.
"Do you think this is still the era when you rose to power? There aren't as many loopholes in internal funding these days. We need to seek external investment. Your era is over," Vice Mayor Liu said calmly.
"It's over?" Lu Feng smiled and said, "Don't worry, in a few years, I will return as a Hong Kong investor."
"Hong Kong investment? You can speak Cantonese?"
"What the hell!" Lu Feng stopped and looked at him, asking, "Is it authentic?"
Continue read on readnovelmtl.com
