Lu Feng's offer was very attractive: a five-year contract. If Jiafeng Electronics stabilized its sales channels, they wouldn't need to invest too much money in the Huaxia sales channels for the time being.
In this way, by investing more in the Ruixin Laboratory, they would have a way to control Lu Feng. Dix pondered for a while and decided to communicate with the board of directors. This was not a bad deal.
Dix stood up and went back inside to make a phone call; this matter should be over.
Around 8 a.m., Lu Feng woke up looking much better. He quickly ate a bite of breakfast and went out to knock on An Jia Hui's door.
When the door opened, An Jiahui was stunned to see Lu Feng and asked, "Mr. Lu, when did you get back?"
"I'm just going to cooperate, it's not like I'm going to jail. Hurry up and pack your things, we're at Merrill Lynch Investment before 10:30." Lu Feng instructed, "Notify the others to prepare the relevant documents."
"Oh! Okay!" An Jiahui said hurriedly.
An hour later, the three met for a brief meeting, then went downstairs, got into a car, and headed straight for Wall Street.
Compared to the cold reception at Goldman Sachs last time, this time it was much more grand. Three account managers were waiting downstairs. When the car stopped at the door, a group of security guards, account managers and others gathered around. People around thought that some important person had arrived and stopped to watch.
The car door opened, and Lu Feng stepped out first in his shiny leather shoes. Then, dressed in a dark suit with his hair neatly combed, he stood at the door looking at the Goldman Sachs Group not far away, a smile on his face.
"Mr. Lu, please come in!" The white account manager gestured for him to enter.
Lu Feng led Wang Yuanhe and the other two into the VIP room. They were not received by Chris, but by a vice president in charge of investment. The meeting was very polite.
"We have some understanding of your company, but it is not comprehensive. We hope you can provide more information, as well as your future development direction and growth points," the other party said politely.
Lu Feng introduced the company, focusing on the international market and the electronics mall. The funds raised this time will be spent on these two areas, especially the electronics mall, which is currently non-existent in China and will be pioneering a new model, benchmarking against electronics malls in the United States.
The other party nodded as he listened, but didn't seem very excited. This meeting was entirely due to orders from above; he had heard that Lu Feng had powerful backers in the United States.
...............
In Hong Kong, as night was just falling, a board meeting was being held in the Sun Hung Kai meeting room. Fung Chi-yiu attended in place of Mr. Fung, and Chun-kwan presided over the meeting as the board secretary.
Each person had a folder in front of them containing a risk report on investing in Jiafeng Electronics. This report was prepared by the risk control department after Zhenkun returned.
After reviewing the information, it was clear that Jiafeng Electronics would be suppressed, its period of rapid expansion was over, and if Goldman Sachs were to take action to clean up the mess and then invest in it, Lu Feng would have no room for negotiation and might be completely swallowed up.
At that time, Sun Hung Kai will face a direct conflict with Goldman Sachs. Therefore, this risk report concludes that if Goldman Sachs starts the initial acquisition, it can sell its shares.
Alternatively, they could negotiate with Lu Feng to preserve assets as much as possible and get Jiafeng Electronics to repurchase the shares. The worst-case scenario would be that Goldman Sachs would completely crush and swallow Jiafeng Electronics' market, acquiring it at an extremely low valuation, causing Sun Hung Kai's investment to go down the drain. They would then sue Lu Feng and, according to the terms of the contract, demand that he return the entire investment amount.
"I object!" Feng Zhiyao didn't even glance at it before closing the folder.
“President Feng, you are now representing your father. I hope you will reconsider and prioritize the company’s interests.” Zhenkun turned to look at Feng Zhiyao.
“Let me share my thoughts. Our investment in Jiafeng Electronics was only a few hundred million yuan, but after the investment, the company’s business has expanded extremely rapidly, especially in the areas of televisions, VCDs, and pagers. It has already shown signs of becoming an industry leader in China. Now it’s just encountering some difficulties in seeking overseas funding. We shouldn’t have done these things; it’s hurtful!” Feng Zhiyao said in a deep voice.
A man in his sixties raised his head slightly. This was the first time he had heard the words "heartbreaking" in the board meeting. He smiled and said, "Zhiyao, don't say such hurtful things in the future. We are just taking precautions. Even close brothers should keep clear accounts. Preventing investment risks is something every company does. This is just a simple board meeting."
When Feng Zhiyao saw that Uncle Li had spoken, he didn't say anything more. Uncle Li was the second largest shareholder of Sun Hung Kai Properties. He usually didn't express his opinions, but once he did, even Mr. Feng had to seriously consider it.
"However, as long as there is some truth to it, we can just say it here. There's no need to make a big fuss. Last time during the pager crisis, you rushed in and suffered in silence, didn't you?" General Manager Li glanced around and said, "General Manager Feng is currently unwell, and Zhiyao has to take on important responsibilities. Everyone should listen to the younger generation. Sometimes it's not necessarily a mistake. Today's meeting may have been hurtful. So, everyone, take these documents back and review them."
"good!"
Everyone packed their things, stood up, said goodbye to Feng Zhiyao and Zhenkun, and left in less than two minutes.
Zhenkun sat there, trembling with anger. He looked at Feng Zhiyao as if he wanted to say something, but then he sighed, stood up, and left.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
