Time flies, and it's already November. Jiafeng Electronics' case has gone to trial. At the end of October, many media outlets around the world were paying attention to it, but now the attention has cooled down.
With the combined efforts of various parties, the best outcome Lu Feng can accept now is that his assets are frozen in South Africa. According to local laws, the South African patent protection agency will conduct a thorough investigation into Jiafeng Electronics. The request to transfer the assets to the United States has been rejected, and this rejection has put pressure on all parties.
This outcome caused Jiafeng Electronics heavy losses, but they had to accept it.
Han Guoping had been liaising with the court during this period. Around noon, Han Guoping returned to the hotel and met Lu Feng in the restaurant.
"Mr. Lu, the hearing has concluded today. The trial will resume next Monday."
"How's the situation? Did the court accept the lawyer's version of events?" Lu Feng asked, putting down his chopsticks.
“We basically accept it. These top lawyers have extensive connections in the local area. A few days ago, he had dinner with the judge in charge of the case and asked him privately. As long as there isn't too much pressure from above, we're safe.” Han Guoping sat down and said, “However, the lawyer also said that as soon as this case is decided, our assets in South Africa will be frozen immediately. His advice to us is to quickly convert the currency into assets that can preserve value. Frozen assets can at least appreciate in value, and maybe there will be a turning point in this matter after many years.”
Lu Feng had been reflecting on the events of the following years, at least those related to this matter, so that he could have some means of countermeasures.
But after thinking about it for so long, Lu Feng really couldn't come up with anything that could counter the United States in the 1990s!
"Are there any good assets here?" Lu Feng asked.
"This area mainly consists of minerals; I'm not really sure about the others. Personally, I think we should mainly invest in minerals, as resources are the most valuable asset. Currently, we have assets worth about 200 million RMB." Han Guoping pondered, "With that money, we could buy a small mine here, or we could buy land."
We definitely won't buy land; land in South Africa won't be worth much in twenty or thirty years. Our main consideration is mineral resources.
"Let's talk about it tomorrow. I'll make a call and ask." Lu Feng remembered the black guy on the plane; maybe he could ask him for information.
As things stand, Jiafeng Electronics has decided to stand its ground. It has refused all three options, leaving so much money frozen in South Africa. As long as it doesn't back down, this money will remain worthless forever.
Wall Street's financial capital was also somewhat surprised by this result. They really couldn't understand what Lu Feng was thinking. He clearly had a better option, but he insisted on a fight to the death.
Although the assets were frozen and Jiafeng Electronics' vitality was damaged, they could sense that Jiafeng Electronics would still develop in the direction of high-tech and cutting-edge technology, which was definitely not the result they wanted.
They are also monitoring the situation in the South African courts. Seeing this, many technology companies continue to appeal to Wall Street, hoping that the United States will step in to put pressure on them to directly confiscate Jiafeng Electronics' assets in South Africa and seize their global R&D centers.
Although some of the practices of the United States were rather unscrupulous, they still had some sense of decency in the 1990s. At least for a small company like Jiafeng Electronics, they wouldn't go to such lengths.
Goldman Sachs has also begun to disagree on this matter. Some people believe that it is unnecessary to keep focusing on a small company. We should look at high-quality industries around the world, rather than wasting our energy on a small enterprise. Even if we let him make a fuss, what can he possibly achieve?
Another group, represented by Lambert, believed that people like Lu Feng were very threatening and that leaving him alone could easily lead to serious trouble. They thought that if he were to grow up, it would be too late to contain him, especially since the Schroder Group was backing him up.
With the two sides arguing endlessly, the pressure on Jiafeng Electronics naturally waned, while Fusang lacked the strength to suppress Jiafeng Electronics.
In his office, Lambert glanced at his fund's situation, tossed the report onto the table with a hint of frustration, and sighed.
He knew that the continued attacks on Lu Feng would not continue, which meant that the loss was close to 200 million RMB, and Jiafeng Electronics had to make a quick and desperate attempt to survive.
However, he had a very bad feeling. In Lambert's eyes, Jiafeng Electronics was not worth mentioning. What made him uneasy was Lu Feng, a person with an indescribable feeling.
"Perhaps this crackdown will prompt him to accelerate his investments!"
Lambert muttered something, picked up the reservation form next to him, glanced at it, crossed out all the previous reservations, leaving only a financial dinner that evening, attended by heavyweight figures, including Soros.
As evening approached, Lu Feng called the young black man on the plane again.
"Hello? Who is this?" Ronald's voice came from the other end of the phone.
"Hello, do you remember me?" Lu Feng asked into the phone.
"Um... who are you?" The person on the other end of the phone clearly didn't remember.
“We exchanged phone numbers on the plane. I’ve almost finished taking care of things here. It’s fate that we met. If you’re free, let’s go out for a meal. It’s on me!” Lu Feng said generously.
Ronald hesitated on the other end of the phone. After all, he was a well-known rich second-generation in the area, and according to Lu Feng, he was from a wealthy family. He really didn't know who this Mr. Lu was. He didn't make friends with just anyone; he was just being polite at the time.
Lu Feng could sense the other party's hesitation, and after thinking for a moment, he said, "If it's inconvenient for you, I'll have the butler cancel the restaurant reservation."
Upon hearing that Lu Feng had a butler, Ronald realized he must be someone of high standing and said, "No need. Meeting is fate. Where's the restaurant?"
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