When Lu Feng walked in and saw the expressions on the faces of the people present, he knew that probably not many of them thought highly of him.
Sister Wu also realized that something was wrong, and quickly tried to smooth things over, saying, "This is President Lu. I believe you all know him to some extent. Although President Lu's style of doing things is rather unconventional, he is absolutely reliable in business. You are all here to make money, right?"
"Mr. Lu, please have a seat!"
Sister Wu pulled out a chair and politely greeted Lu Feng. Lu Feng glanced at her, then plopped down and said, "Lu Feng, Chairman of Jiafeng Electronics, it's a pleasure to meet you all."
“Mr. Lu, this is a place to discuss finance, not a place for jealousy and rivalry. We probably won’t be able to find common ground.” A man wearing gold-rimmed glasses, who looked very refined, said to Lu Feng, “Tang Zhongren is in room 3021.”
Everyone present laughed. Lu Feng said, "I wasn't just here to have fun. I didn't expect that finding a girl would cause such a big problem. If I had known, I wouldn't have gone to get involved. I'm a businessman too."
"A businessman?" the man opposite said. "Then let's talk business. As far as I know, Mr. Lu only has two companies. What do you want to discuss? How much funding do you want from us?"
"Did you bring your business plan? Market report, company balance sheet, and plans for the next few years?" another man in a blue suit said. "By the way, someone like you needs a large financial company as an intermediary guarantor, and a consulting firm to conduct a third-party due diligence report on your company!"
Everyone present stared at Lu Feng with disdain, each person leaning back in their chairs, giving off a condescending feeling.
With so many conditions, it makes it seem like an international acquisition.
“I think something’s missing. Let’s find an international law firm to act as our legal counsel!” Lu Feng sneered. “Is that necessary?”
"After all, you're from the mainland. We didn't mean to make things difficult for you; it's just the procedure." The man in the blue suit spoke in a businesslike manner.
Lu Feng scoffed, looking at them like they were a bunch of clowns, and said, "They're all fucking coming back soon!"
"That's a few years from now, that's our rule!" The man in blue grinned slyly, these procedures were completely unnecessary.
It's very simple for companies here to invest in the mainland. They just need to set up an office in Shenzhen and sign a contract with the office, or register a company here and sign a contract directly with the main office.
Most importantly, the process for attracting foreign investment is now very simple, and all the formalities can be completed in just a few hours. Moreover, they offer greater incentives than foreign investors and have access to a wider range of investment opportunities!
This is why Lu Feng came to Hong Kong instead of going directly to Wall Street, where companies might not be able to get approval for investing in Jiafeng Electronics.
Even though Lu Feng was extremely unhappy, he couldn't just get up and leave.
"I'm not sitting here to ask you for money, but to help you get rich. You'll understand this in the future." Lu Feng's words were as arrogant as ever.
"Then we thank you, Mr. Lu. Let me first tell you about your company's situation. We are all business people, and business people keep money separate from other things."
"That's right, we're professionals!"
"We don't care whose money it is, as long as there's money to be made, we don't really care what species the other party is or whether they're human!"
A waiter came over and poured Lu Feng a cup of tea. Lu Feng picked up the teacup, took a sip, and said, "I didn't bring any of the things you asked for. But I can talk about Jiafeng Electronics. It was established at the end of 1992, so it's been exactly one year now. Our factory is worth 500 million yuan, including a complete set of imported production lines and a 5,000-acre factory area."
"Currently, we have more than 20,000 employees, 15 subsidiaries, and more than 60 partner companies. In just one year, our brand, Weipuda, has sold more than one million units, covering markets in Jiangsu, Sichuan, Hebei, and Shandong, and reaching a population of more than 300 million."
"Within one year of its establishment, the company's annual revenue exceeded one billion yuan, with a profit margin of 10%, far exceeding the average of 8.4% for other electronics manufacturers in mainland China, and the company is developing rapidly."
"The Dongguan factory was finalized a month ago and will be operational next spring. It is expected to accommodate 30,000 employees and produce 2 million units annually. At the same time, we are actively developing new product lines to achieve market product coverage. The research and development work on small home appliances has been completed and is expected to be launched by the end of the year."
"Next year we will expand our market, including not only the domestic market but also overseas sales plans, to achieve market coverage of one billion people, with an expected growth rate of 300%."
"Next, let's talk about the market. You may not have been to the mainland, but the mainland's television market is experiencing a major boom. According to incomplete statistics this year, the color TV market has exceeded 19 million units, an increase of 750 units compared to last year's 12 million units, and the growth rate is still continuing."
"We have confidence in the market, and the market has given us confidence. According to the latest data report, the total sales of color TVs next year are expected to exceed 23 million units, and small home appliances continue to experience explosive growth."
"At the same time, the mainland has very favorable policies, and all over the country is attracting investment. My family is a bit special and has some connections, so I can reveal that Jiafeng Electronics is hoarding a lot of land. We have land in industrial parks, science parks, and industrial cluster parks in major cities across the country."
"Currently, Jiafeng Electronics owns more than 100,000 mu of land. Our factories and machinery are valuable, our market has great potential, our backers are exceptionally strong, and we are very competitive in the market. Therefore, Jiafeng Electronics' latest valuation report has reached 10 billion yuan."
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