Extraordinary Genius - Chapter 673
Chapter 673 – Should we acquire them?
Buy me a coffee or tip me on or .
Li Dajun and Zhong Qingxian were stunned when Feng Yu askedthis question. Feng Yu wants to investin Strong Group?
Zhong Qingxian frowned. This was a small company and was itworth to invest in it? It’s only a company that produce jelly. There wereseveral such companies in Hangzhou alone. What’s so special about making jelly?
Feng Yu was interested in this Strong Group or this Li Dajun?However, this Li Dajun was very hardworking. He knew that we were looking forcontractors, that means he has some connections. But other than this, he didnot have any other strong traits.
Zhong Qingxian knew Feng Yu likes to invest. But this investmentwas unnecessary. There was nothing special about this company at all.
Li Dajun looked at Feng Yu, confused. What does thisgentleman mean? How come I feel that he was trying to help me? Have I met himbefore?
“My surname is Feng.”
“Mr. Feng, I do not understand what you mean.” Li Dajunsaid.
“You approached us and wanted to be our contractor. Thatmeans your company is not doing well, right? Although you said that yourcompany had grown several times but what Qingxian said was right. Your companywas not big in the first place. The jelly market is very developed, andeveryone in this market is making money. So, it is normal for your company tomake some too.”
“Huh…… My company is in difficulties because so some baddebts. But please be assured that it will not affect Lehaha’s orders.”
Feng Yu waved his hand. “I am not worried about that. What Iam saying is I can invest in your company if your company lacks money. Justlike Lehaha, I will invest in you all and will not interfere with yourcompany’s operations and management. You will still be in charge of the company,and I will just collect my share of the profits.”
Li Dajun looked at Zhong Qingxian puzzledly. Zhong Qingxiannodded: “Manager Feng is our Lehaha’s main shareholder, and he had neverinterfered with the company’s operations and management. You can rest assured.”
“Mr. Feng, oh…… Manager Feng, Strong Group is set up by afew brothers and me. Although I am in charge, I still need to discuss with therest.”
“You should. Let me know after you all have reached adecision. You can contact me through this number. No matter how much you wantme to invest, I will be able to satisfy you.” Feng Yu replied confidently.
How many investments can a small factory that’s worth 1 to 2million need? If they want a large amount, they will not be able to controlStrong Group.
When Li Dajun left, he was still feeling dizzy. Because ofbad debt, his company needs funds urgently to solve their cashflow problems. Hehad come over to collect his debts and overheard someone saying Lehaha waslooking for contractors in a restaurant. So, he came over to try to get a smallcontract. He needs to increase the income of his company to tide them over thiscrisis.
But Zhong Qingxian rejected Li Dajun because of hiscompany’s size and that Mr. Feng appeared. He persuaded Zhong Qingxian to giveStrong Group a chance.
Although this was not a big order, it was sufficient tosolve the company’s cash flow problems. That customer’s debt will be repaidnext month. After the debt was collected, even without Lehaha’s contract, andthey concentrate on producing jelly, the company will also make profits.
But at this moment, Mr. Feng wanted to invest in theircompany. He even claims he was able to invest any amount we needed. Why does hewant to do this?
Li Dajun was also having the same thoughts as ZhongQingxian. It’s the only jelly. There were lots of companies that were producingthe same products. Even Lehaha can produce jelly or buyout some smallerfactories. Why did Mr. Feng choose his company?
Was it because Mr. Feng heard that he will be introducingJelly with fruits and he decided to invest in the company? But adding fruits tojelly will shorten the shelf life of the product, and he was still not sure howthe market will respond to this new product.
Also, this new product was still in the R&D phase. Itwas still not ready yet as they still could not get the right taste andtexture. Should I inform Mr. Feng about this?
If I keep quiet about this, then Stong Group will be able toget this investment and don’t need to worry about the bank loan repayments. Butthat will be cheating. If Mr. Feng found out the truth, there might be severeconsequences.
If I tell Mr. Feng, I might be able to leave a goodimpression with Mr. Feng, but I might lose this investment. Strong Group willremain this way and might not have an opportunity to become the top jellyproducer in China.
Li Dajun was in a dilemma.
“Manager Feng, why are you investing in that small company?If you are thinking of producing jelly, we can acquire a jelly factory orinvest in a bigger jelly factory. That Stong Group is too small and did nothave any potential.” After Li Dajun left, Zhong Qingxian asked.
“Don’t worry about this. If you have spare cash, you canalso invest in this company. As for other jelly company, I am not interested.”
Feng Yu cannot tell Zhong Qingxian that he was trying not toinfluence the future. He did not want the future to divert too much from itsoriginal course and cause a chain effect. Also, Feng Yu was interested in LiDajun and not his company.
Jelly appeared in the early eighties and in Feng Yu’sprevious life, Li Dajun started his factory last year. It was more about 8years after jelly appeared and his company grew to become the world’s numberone jelly company. It’s market share in Asia was more than 50%. This was LiDayou’s ability.
Also, Strong Group was strong in managing their brands. Inprevious life, Strong Group was the most popular children’s food brand. Everyproduct produced by Strong Group were popular.
Strong Group Jelly, CiCi, Crystal Love Jelly, U.Loveit, etc.were all famous brands under Strong Group.
U.Loveit Milk Tea had changed the instant tapioca balls tococonut jelly. This was also their creativity. Without the tapioca balls, thetaste and texture changed, and children were able to swallow the small jellyeasily. Not only this drink has more nutrition value, but parents were also notworried that their children will choke on the pearls.
This was one of the reasons why U. Loveit became popular.
Strong Group was good at building their brands andattracting customers. Also, they were able to build a strong distributionchannel. They invested heavily in advertising, and this let Strong Group’ssales increase rapidly.
All these achievements were proof that Li Dajun was atalented leader. He was also a very low profile person and seldom appears infront of the media. This was the same as Feng Yu.
“Manager Feng, you are really interested in this smallcompany?” Zhong Qingxian asked. He still could not find the reason.
Feng Yu laughed. “You known me for so long, have you eversee me making a bad investment?”
Zhong Qingxian’s face changed. That’s right. He had neverheard of Feng Yu making any bad investments. That means this company was reallyworth investing.
But why should they invest in this company? They might aswell let Lehaha acquire Strong Group and let this company be one of theirsubsidiaries. The results might be better.
Translator’snotes: Have anyone of you tried their products?
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