The latest debt figure is 94.52 million, close to 100 million. Construction of several factories has already begun, and then there will be a steady stream of money. It is expected that by the end of April, according to the contracts signed with various local governments, the first phase of the factory project must start.
The first phase of these six factories cost an estimated 70 million yuan, which was originally enough to support the second phase of the factories. However, Lu Feng used this money to pay employee salaries, purchase production lines, rent premises, and so on!
There was a funding gap. Lu Feng was in a meeting, flipping through the reports with an indifferent expression. He was planning to use the money again, as the progress of the small canned food project was too slow.
At 9:00 AM, Wahaha held a press conference, making a formal complaint against Jiaming Foods for misleading consumers and false advertising. Wahaha asserted to reporters that Jiaming Foods' small canned products were made in illegal workshops, had no nutritional value whatsoever, and were not related to any overseas laboratories or high-end products. They claimed that the small cans, which sold for as much as one yuan, only cost three to five cents to produce.
The news spread like wildfire across China, with television stations across the country reporting on it. Less than an hour later, Johnnie To, representing Jiaming Foods, met with reporters in the area.
"I haven't answered the phone. I'm grateful that we have telephones and fax machines in this era. Otherwise, some people would say whatever they want from afar. Our general manager, Mr. Gao, is in Hangzhou. I've put his address here. I hope you'll make that clear when you send faxes to the major newspapers. He's waiting for you."
“We not only have laboratories overseas, but also in Shenzhen, with foreign researchers involved. Our canned food is appetizing, delicious, and healthy. It is a bit more expensive, but compared to those canned foods on the market that don't even have labels, you are buying health, especially for children. If they get sick from eating it, you have to buy medicine, right?”
"As for Wahaha reporting us, we will definitely face it. But I also have a question: their nutritional solution claims to have a miraculous effect on children who don't eat. Is it a medicine or children's food? If it's food, is this kind of advertising appropriate? If it's medicine, all medicines have some degree of toxicity!"
Johnnie To spoke for half an hour to a dozen reporters. He had a very clear understanding of his opponents. Lu Feng pointed him in a direction, and he was determined to fight to the death.
Around noon, faxes reporting on Jiaming Foods spread rapidly. Major newspapers and television stations were in contact with each other, as it cost money to reprint each other's news, especially such big news, which was quite valuable.
Mr. Zong was very satisfied with the results of the press conference this morning. The whistleblower letter has been sent to Beijing by mail, but as for whether there has been a reply, he really doesn't know.
He planned to call Gao Zhiwei out that afternoon and drop a bombshell, aiming to shatter all of Lu Feng's confidence.
No one answered the phone when he called. After calling several times, Zong felt that something was wrong and called Li Zhensong.
"Mr. Zong, what's the matter?"
Is Gao Zhiwei home? Didn't I tell him to wait for a call today?
"I'll go take a look."
Li Zhensong put the phone aside, opened his door, and knocked on Gao Zhiwei's door. Gao Zhiwei's wife opened the door and asked, "What is it?"
"Where's General Manager Gao? He was supposed to be at the factory yesterday."
"What did we agree on? My husband isn't home." With that, he slammed the door shut.
Li Zhensong was stunned when he was turned away. After realizing what had happened, he slapped his thigh and exclaimed, "It's over!" He turned around and went home, picked up the phone, and said, "President Zong, something bad has happened! Gao Zhiwei is faking his surrender!"
"What?"
Before Mr. Zong could hear what was being said, a manager walked in and said, "Johnnie To of Jiaming Foods has responded, saying that they have a laboratory in Shenzhen, and Gao Zhiwei is waiting in room 507 of the Tianhe Hotel. He will take these reporters there today and has also made an appointment with the local TV station."
Mr. Zong silently hung up the phone, closed his eyes, leaned back in his chair without saying a word, and the atmosphere in the room was so heavy that it was hard to breathe.
He had never seen President Zong like this before. In the market, he had always been a force to be reckoned with. Back when private enterprises were state-owned enterprises or mixed ownership enterprises, he had managed to swallow up state-owned enterprises through a series of maneuvers. Such a powerful person was now feeling powerless.
"He beat me by half a move!"
When Zong opened his eyes, he knew that he had given him another round of advertising, and the sales of the small canned food were already unstoppable!
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