Lu Feng took out a set of clothes from his suitcase and changed. Right now, he only had one thing on his mind: whether he had won the bet.
Half an hour later, Su Yourong got dressed and started washing up. Zhang Fengxia knocked on the door, walked in with a stack of newspapers in her hand and a smile on her face.
"We're all over the front page of the newspaper today, this deal is done."
Lu Feng laughed when he heard this, reached out and took the newspaper to read. Zhang Fengxia noticed someone in the bathroom, glanced at him and asked, "What are you doing here?"
"I'm washing up here."
She glanced at it suspiciously, but didn't ask any further questions.
Around 9 a.m., Cui Ning received a message asking Lu Feng to attend a meeting. This news was like a godsend for Cui Ning. When Lu Feng arrived at the meeting room at 10 a.m., there were already quite a few people there.
Huang Youwei walked in and glanced at the scene. His eyes were bloodshot, clearly indicating that he hadn't slept all night. He said, "Please sit down. Let me introduce the situation at the Panda branch factory. First, let me introduce you. This is Lu Feng, the chairman of Jiafeng Electronics Technology, and this is Zhao Ergou, the village head of Xiaoli Village!"
Lu Feng glanced at him. His face was dark with deep lines, and he wore a flimsy blue hat with the words "Xiao Li Village Primary School" written on it. He looked like a farmer at first glance.
"Hello!" Lu Feng said, extending his hand.
“The Panda manufacturer’s representative isn’t here. Please have a seat.” Huang Youwei sat down and waved his hand, indicating to the people next to him that they could begin speaking.
"The Panda branch factory was initiated in 1985 and established in 1987. It covers an area of 1,927 mu and has a building area of 1,265 mu. It was a key project of the city's ten major super plans at the time. The main participant was Panda Electronics Co., Ltd., which contributed technology as equity, including technology patent authorization, use, brand authorization, use, and sales channel authorization."
"Panda holds 45.5% of the shares. The construction of the factory and the purchase of machinery are jointly funded by the municipal finance and Xiaoli Village, totaling 184.62 million yuan. The municipal government holds 51% of the shares, and Xiaoli Village holds 3.5%..."
"Stop!" Zhao Ergou called out, "That's not how it works. Back then, with the support of the township, our village borrowed 50 million yuan. We asked to contribute our land as shares. 1,900 mu of land is a lot. We were offered either 25% or 10%. All the villagers would work there. As for the 3.5% you mentioned, we don't agree to that..."
"Is that so!" Huang Youwei rubbed his eyes and said, "The money you received was from local township enterprises. The reason those enterprises gave you the money was that they wanted to control some shares through you, and then collude with some officials to manipulate things in the name of shareholders. They have already been convicted of embezzling state-owned assets."
Zhao Ergou waved his hands repeatedly and said, "I don't care what he embezzled, or what kind of manager he is. Whether he goes to jail or is executed is none of my business. He's accusing us of wanting shares. Either give us the money, or restore the land to us."
The scene started to get noisy. Lu Feng could tell that the problem here was huge. He reached out and took a look at the documents. This factory could not only produce TV tubes and motherboards, but also display screens. The original annual output was set at ten million units!
The factory operated for only a few months before it came to an end with the arrest of a large number of local township entrepreneurs. The equity was embroiled in a huge dispute, with villagers demanding land, money, and shares, but all the money they had invested had gone to those township enterprises.
Coupled with the sluggish market, the massive production capacity could not be absorbed at all back then, and such a huge project was simply abandoned.
Lu Feng did a quick calculation and realized that acquiring this factory would be a pipe dream without at least two or three hundred million yuan.
After arguing for a long time, Zhao Ergou fell silent.
“Go back and do some work with the villagers. Those things didn’t belong to you in the first place. Reason with them. That’s enough for today.” Huang Youwei yawned and looked at Lu Feng, saying, “President Lu, take the documents and look at them yourself. One more thing, don’t cause any trouble for me. Be careful with your hands.”
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