Extraordinary Genius - Chapter 720
Chapter 720 – Refusal
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After Feng Yu met Zhang Ruiqiang, they had a short chatbehind closed doors. Zhang Ruiqiang told Feng Yu about what happened and didnot force Feng Yu to get his company listed. Feng Yu was glad that ZhangRuiqiang did not try to force him.
Without Zhang Ruiqiang’s help, Feng Yu’s businesses wouldnot be able to grow so fast. When Feng Yu was starting out, Zhang Ruiqiang hadmany opportunities to forcefully take over his businesses.
Furthermore, the Provincial Government’s No. 1 only wantedto meet Feng Yu. Feng Yu does not mind meeting him, but he was determined tonot let Bing City Machinery Company or Bing City Pharmaceutical Enterprise tobe listed. Even if the Provincial Government simplified the procedures, he willalso not agree.
This was not the right time.
Although listing the companies in a bearish market might nothave losses, it will still lower the share prices. Why not wait until the bullmarket?
At 10 am, Feng Yu followed Zhang Ruiqiang to the ProvincialGovernment’s No. 1 office.
This was not their first meeting, and the ProvincialGovernment’s No. 1 had spoken to Feng Yu a few times. But they were not close.Feng Yu was also not as relaxed as he was in Zhang Ruiqiang’s office.
“Come and take a seat. Xiao Wang, prepare the tea.”
Secretary Xu walked towards the sofa with Zhang Ruiqiang andFeng Yu. This was a show of friendliness, and he would only do this with peopleclose to him. When he first met Feng Yu, he felt this young man was not simple.It was because people will get nervous when they met someone in his position.
When the Provincial Government’s No. 1 saw Feng Yu’s meetingwith the Chief Architect and Iron-fist Zhu, he also noticed Feng Yu was notnervous at all. This let him believe that Feng Yu’s success was not by luck.
How could a young man, who could speak normally with theChief Architect, bow down to his pressure? This young man was praised by theChief Architect, and he heard rumors that Iron-fist Zhu tried to recruit him.The Provincial Government’s No. 1 dare not to use his authority to pressureFeng Yu. If words spread, then it will really be the end of his career. Anotherreason was Feng Yu’s Hong Kong friend and one of the shareholders of theMachinery Company.
The Provincial Government’s No. 1 does not dare topressurize that Hong Kong businessman. He was afraid of the consequences.During this period, all government officials must make sure everything goessmoothly for Hong Kong’s return to China and cannot offend or create troublefor Hong Kong businessmen.
“Manager Feng, I am curious. Why you do not want Bing CityMachinery Company to be listed? There are a lot of benefits from listing yourcompany. You will also get high returns.” Secretary Xu asked.
“I admit that there are lots of benefits from a listedcompany. It will increase the funds, and it will be a good promotion for thecompany. But this is not the right time yet. I am sure you about our stockexchange now. Most of the shares are dropping, and only a handful of shares areincreasing. That means many investors are not buying shares. Last year andearly this year, the US and Japan stock market have high fluctuations and hadaffected the Chinese investors. If Bing City Machinery Company were to belisted now, the share prices might not drop. But the increase will not be alot. This is not wise.”
“Why is this not wise? From your words, you do not object tolist this company on the stock exchange. You only feel that the share priceswill not increase a lot? But that is also an increase in your share prices.Even if the share prices will increase a lot when you list the company twoyears later, but what’s the difference if you list the company now? The growthmight be slower now, but it should be able to reach the same level as two yearslater.” Secretary Xu asked.
Feng Yu shook his head: “The problem is, what are the reasonsfor us to get listed now? To raise more funds for the company’s development? Toincrease our company’s brand awareness? Bing City Machinery does not lackdevelopment funds. Even if the company is short of funds, I can also increasemy investment in the company. I had said before that I want to build China andthe world’s best vehicles. This will not change. Currently, our Songjiang carsare very famous in China. We might not be the number one in China, but we areone for the top 3 automobile brands in China. There are no other automobilebrands that grow as fast as us.”
Feng Yu had made it clear to the Provincial Government’s No.1 that he does not need all those so-call benefits from listed companies. TheBing City Machinery Company does not lack the funds or publicity, and whyshould the company get listed?
Feng Yu knew why Secretary Xu insisted on him listing hiscompany. It was because he wanted to get the credit. But Feng Yu was not closewith Secretary Xu and does not think that he would get much help from Secretaryin the future if he helps him now.
“Manager Feng, if Bing City Machinery Company were to getlisted, I will take care of all the paperwork and approvals personally. Also,policies like tax subsidies and cheaper land parcels will be implemented tohelp your company. The Provincial Government can even purchase a batch ofSongjiang vehicles!” Secretary Xu said.
This was the highest offer Secretary Xu could offer to FengYu. He could give more promises, but that would be against the law. If hereally steps out of the line, he would be in trouble.
Feng Yu shook his head firmly: “Secretary Xu, we have beenpaying all the taxes and had even donated large sums of money to the schools inLongjiang province every year. Bing City’s geographical location is notsuitable for us to expand our factory. Even if our factory has plans to expand,we will choose to set up branch factories in other regions. I hope you canunderstand.”
Secretary Xu was disappointed. Why Feng Yu does not want togive in? I had already show my sincerity, and he still does not accept myproposal?
Many companies that wanted to be listed will try all ways toget support from the Provincial Government. But Feng Yu does not want hiscompany to be listed. He was not even moved by the conditions offered.
What should Secretary Xu do? Will this be the end of hispolitical career?
Zhang Ruiqiang was not sure whether to console Secretary Xuor persuade Feng Yu.
“Manager Feng, is there any other way to change your mind?”Secretary Xu had been a stern and firm leader in front of his subordinates. Butat this moment, he looks dejected, and Zhang Ruiqiang felt sad to see theleader he respected looking so devastated.
Zhang Ruiqiang asked: “Feng Yu, can you consider this? Thisis very important to Secretary Xu.”
Feng Yu shook his head: “I need to be responsible to all theemployees of Bing City Machinery Company. This is really not the right time toget the company listed. If we get listed and our shares remain unsold, or theshare prices drop, it will be all the employees’ losses. It will also be BingCity’s losses. But I promise that I will surely invite Secretary Xu when BingCity Machinery Company gets listed.”
Secretary Xu did not get angry with Feng Yu after hearingwhat he said. He had worked hard all his life and did not want to let othersblame him for forcing a company to get listed for his own benefits.Furthermore, this might let the employees suffer losses. He would feel guilty.
Never mind. At most, I will retire to the back end and spendthe rest of my days in a relaxing post.
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