Extraordinary Genius - Chapter 253 – Fu Rongqi
Fu Rongqi was reading the newspaper in his office when he saw his nephew, Fu Guanghui rushing in. He frowned and was unhappy. How did his youngest brother raise his children? As a member of the Fu family, he doesn’t even have the basic courtesy to knock on the door?
Before Fu Rongqi could scold Fu Guanghui, Fu Guanghui shouted something that shocked him!
“Uncle, my dad has been cheated of 400 million!”
“What? Lao Si (4th sibling in the family = a way to address the fourth brother) had been cheated of 400 million? Who cheated him?” Fu Rongqi stood up angrily and asked.
In Hong Kong, who dares to mess with the Fu family?
“It’s Feng Yu. Fu Guangzheng’s partner. The one who sells the humidifiers.”
“Him? How did he cheat your father?” Fu Rongqi finds it weird. The humidifiers were lucrative, and that Feng Yu had earned a lot from his legitimate businesses. Why would he cheat money? Furthermore, the Fu family had helped him get a loan from the Hong Kong banks. By right, their relationship should be okay.
Fu Guanghui exaggerated how his father was tricked by Feng Yu to invest in Rubles and how his father lost all his money. After he finishes explaining the whole circumstances, he added: “Uncle, that Feng Yu had no regards for the Fu family!”
“You said that Feng Yu had told your father that he had a piece of information he wanted to sell to him? And your father got information that the Rubles will rise and he did not give Feng Yu a single cent?”
Fu Guanghui was also feeling embarrassed. His father was indeed in the wrong, but he thought that Feng Yu was also wrong to trick his father. Furthermore, it was 400 million HKD!
“Uncle, I had told you that my father wanted to give him 1 million USD, but he refused.”
“Lao Si had never traded Forex futures and had no experience. Why didn’t he asked me?”
Fu Guanghui did not know how to answer his eldest uncle. He could not tell his uncle that his father wanted to earn this money by himself secretly.
“Guanghui, what actually happened? I will ask your father personally. Follow me to your house now.”
Fu Rongjing was sulking at home, and even though he told his sons not to ask his eldest brother, he knows that asking his eldest brother for help was the best way to solve his woes.
There was knocking on the study room’s door, and Fu Rongqi entered. Fu Rongjing did not want to meet his brother now.
“Lao Si, I heard from your helper that you skipped breakfast today?”
“Big brother, why are you here?”
“Humph, if I am not here, will you still keep me in the dark?” Fu Rongqi angrily said. “Guangzheng, I heard that you are the one who brought Feng Yu home?”
“Uncle, I was the one who brought Feng Yu back home. He said that he had some information which can earn a lot of money. I agreed to give him 30% of what we earn. This was already a very high offer, but he wanted 100 million. So, I brought him to meet my father.”
Fu Rongqi banged on the sofa armrest: “He wanted 100 million, and you gave him 1 million? Since when our Fu family cheat others like this?”
Fu Rongqi had also bought information from other people before. But he would pay the full amount without a single cent less. His youngest brother knew that the other party wanted 100 million and he made him tell him the information. This meant that he agrees to pay him the amount he wanted. The other party told him the information, but he did make the payment. This was a disgrace to the family!
Fu Rongjing was shocked. After their father passed away, the person he feared most was his eldest brother. He had always wanted to succeed his eldest brother and this time he thought he would be able to earn a few billion to prove himself. But in the end, he lost everything!
“Big brother, he had given me false information and made me lost 400 million. Why are you scolding me?”
“If you had given him 100 million, would he give you false information? If you had come and asked me, will I let you bet on Rubles appreciating? Also, Feng Yu and Guangzheng are friends why would he trick you?” Fu Rongqi was furious. Until now, Fu Rongjing was still finding excuses!
“How would I know why he wanted to trick me? I wanted to give me part of my earnings after I got the profits.” Fu Rongjing retorted.
“You…… Sighed. Guangzheng, why did Feng Yu trick your father?”
Fu Guangzheng looked at his father and then at his eldest uncle. He said: “I think it might be dad had bought the shares Feng Yu wanted.”
“What happened?” Fu Rongqi does not understand why his youngest brother would want to acquire the shares Feng Yu wanted.
“Nonsense. When did I snatch the shares from him? I had bought those shares with my own money, and what has it got to do with him?” Fu Rongjing shouted.
“You shut up! Guangzheng you continue.”
“It is Japan’s Aiwa shares. Feng Yu had asked me to find out more about Aiwa, and he wanted to buy Aiwa shares. He had already bought more than 60% of the shares from Sony. Father then asked his men to contact the other shareholders and bought their shares. Feng Yu had told me several times that he wanted to buy the Aiwa shares from us, but father refused.”
Aiwa shares? Fu Rongqi had some impression of it. After all, he was the one who had worked with Aiwa to set up Hong Kong’s Aiwa subsidiary. He also did his research on this company.
“Lao Si, is Guangzheng telling the truth?”
“That’s right. Why should I sell him those shares just because he wanted it?”
“Then why did you buy Aiwa’s share in the first place?” Fu Rongqi stared at Fu Rongjing. Why would Fu Rongjing want a stake in a company that was heavily in debts?
“I think that company is good. Didn’t I tell you that I think the Walkman industry will do well? That was why I bought the shares of Hong Kong’s Aiwa company from you.”
Fu Rongqi sighed and pointed at Fu Guangzheng: “You tell me!”
“It was because every time Feng Yu invests, he makes money. I had bought a stake in a Machinery Company with him, and I recovered my capital in about a year. You should be aware of how profitable the Wind and Rain humidifiers are. The motorcycles he produced are also selling like hotcakes in China. We felt that this Aiwa company must have developed some new technologies which will turn the company around. That’s why father bought Aiwa’s shares. Anyway, the prices of the shares were low, and we can afford the losses.”
Fu Guangzheng’s voice was getting softer as he speaks. He felt embarrassed. No matter what, it was his father that was at fault.
“Lao Si, what do you want me to say? I had told you countless time that you should now look at the profits in front of you when doing business. You must set your sight on long-term, and you must never cheat your business partners. Our Fu family can remain as one of Hong Kong’s influential family for so many years is because of our reputation! Also, before every investment, you must do your own research and not decide hastily. Did you forget what I said? Don’t you find it weird why when father was alive, he doted you the most, but the assets you inherited from him was not much? It was because father knows that if he passes all the family assets to you, there will be 50% chance that the Fu family will supersede the Lee family and 50% chance that the Fu family will be bankrupt!”
“Did father really say this?” Fu Rongjing did not believe his eldest brother.
“Humph! I am your eldest brother. Since when did I lie to you? Guangzheng, tomorrow you make a trip to Bing City and sell the Aiwa shares to Feng Yu at the cost price. Don’t mention anything about your father’s loss to him.”
“Uncle? Even if my father was too much, but he also cheated my father. You are not even standing up for my father, and you want Guangzheng to sell Aiwa shares back to him?” Fu Guanghui was furious. Why was his eldest uncle helping an outsider? The Fu family got to bow our head to that brat?
Fu Rongqi narrowed his eyes and blew out a mouthful of cigar smoke: “Just go and tell him this…… He will understand and will give us an answer. If he did not give us a satisfied answer…… Don’t think by hiding in China, our Fu family cannot do anything to him!”