Extraordinary Genius - Chapter 805 - Want Respect?
Chapter 805 – Want Respect?
Zhang Ruiqiang opened his eyes wide. I have been conned again?! Wait! What does he mean by again?!
This brat must be doing this on purpose!
“I am very sure. Let me guess. Did he tell you that he has new technology and had surveyed many areas? In the end, he chooses Bing City?”
“Yes. He also mentioned that Bing City has a good water treatment system. This will help to control pollution.”
“But did he show you all his assets? I dare to say that once he got the approval papers from you, he will use it to get a loan from the bank. The money he got from the loan will be used to buy the plot of land. What happens if his money is not enough to pay for the plot of land? He will ask the City Government for an extension of the payments to 3 years later, and he will use the land parcel to get another loan for the construction of the building. He will buy a pile of useless construction materials and dump it at the plot of land before disappearing.”
“You can get loans with the approval papers?”
“If his loan is not approved, he will ask the City Government for help. This is a huge project and will be the world’s biggest Polysilicon production facility. It will be a national level company. You all will not report to the higher-ups? After you all reported, the other party tells you that his funds from Microsoft are not in yet, and he needs the city government to be his guarantor for a loan from the bank. Will you all reject him?”
Zhang Ruiqiang kept quiet. Feng Yu was right. This is a grand project and must be reported to the higher-ups. If the project failed after it was reported, they would have to bear the responsibility. Bing City Government got no choice but to be his guarantor and wait for Microsoft’s funds to be given. The government would have fallen into the trap. In the end, the conman disappears with all the funds. What can the government do?
Zhang Ruiqiang hit his desk hard. If he did not delay the approval to this year as he is not familiar with this industry, the Mayor would have given permission last year. Luckily, Feng Yu had returned, and Zhang Ruiqiang asked him. If not, he would have to bear the responsibility!
“Have you all reported to the higher-ups?”
“We have only reported to the Provincial Government. There is still time to stop it.”
“That American Chinese must be a conman. Repatriate him back. Give me a photocopy of his passport. I will take care of him when I return to the US after Lunar New Year.”
Feng Yu hates conmen. They cheat money from others for their own greed. They will not care about their victims. What’s worse is this man is Chinese, and he returned to China to cheat the Chinese!
“No. We cannot repatriate him yet.” Zhang Ruiqiang lowered his head and lit a cigarette.
“Why? He already got the loan?”
“He had registered a company in Bing City and sold the initial stocks. Many people in Bing City had bought it, and the transacted amount is quite big.”
Damn! That’s illegal! What initial stocks? There will be no dividends, and the shares are all worthless paper!
“The amount is quite big? How big? Are you able to arrest him now? If he runs away now, we will never get back that money!” Feng Yu said.
Zhang Ruiqiang immediately stood up and grabbed the phone on his desk. He called the Provincial government office’s Director. “Hello, Old Ma? I am Zhang Ruiqiang…… That Zhou Shuai might be a conman. I need your men to arrest him now!”
Zhang Ruiqiang made another call. “Old Xiao, come to my office now.”
“Mayor Xiao, you are here. The leader is waiting for you inside.”
Secretary Liu’s voice could be heard in the room, and Feng Yu saw Mayor Xiao entering the office.
“Manager Feng, you are also here?”
“I drop by for a chat.” Feng Yu smiled.
“Old Xiao, I need to inform you something. That Zhou Shuai is a conman!” Zhang Ruiqiang said.
“What? Who told you that?” Mayor Xiao sat upright. He was the one who snatched this project from another province. This was supposed to his credit, and now it turns out to be a scam?
“Feng Yu, you explain to him.” Zhang Ruiqiang shook his head. He also does not want to believe. But he knew that Feng Yu would not lie to him.
“Mayor Xiao. I will only say two points. First, I am Microsoft’s director. I know all of Microsoft’s plans, and Microsoft had never invested in Polysilicon. They never did in the past and will never do it in the future. Secondly, if I were to invest in Polysilicon, I will never pick Bing City. The labor and transportation cost here is high compared to other provinces. I will have no advantage.”
Most of China’s electronics factories were located along the Southeastern region. The polysilicon factory must be located somewhere near that area, and Shanghai is the best location. If labor cost was a concern, then it should be in the western region. The land and labor are cheap there. Bing City will never be the choice. The location is out of the way, and the labor cost is one of the highest in China.
Many of the old factories in Bing City had been revived due to Feng Yu interferences, but all their branch factories and expansions were not in Bing City.
Because of its location, Bing City had never attracted many investors. If Feng Yu was not from Bing City, he will also not invest so much money here.
“You are Microsoft’s director?” Mayor Xiao asked in disbelief.
“I am Microsoft’s third-biggest shareholder.” Feng Yu added. “I am also in charge of all Microsoft’s businesses in China.”
“Even if Microsoft did not invest in that company, there might be other companies who invest in it. Furthermore, Zhou Shuai is a big boss and is a multi-millionaire.”
Feng Yu laughed when Mayor Xiao still tried to argue. “As a businessman, why will I let unrelated parties participate in a profitable business? Why don’t I keep all the profits for myself?”
“This is to diversify the risk. Isn’t this the same as shareholding companies?”
“Risk diversification? This is a good reason. He will tell those that bought his initial shares that investments have risks, and their money was all gone.” Feng Yu shrugged his shoulders.
Even if it is a venture investment, background checks and proper evaluation are required. You all did not even know about his background, and you believe him? He is also allowed to issue initial shares? This is stupid!
Shareholding companies are not only to diversify risks. More importantly, the shareholding company is to let the shareholders take charge of what they do best and make money together. How can it be the same as Zhou Shuai’s company?
“Manager Feng. How can you say this?” Mayor Xiao was pissed.
Feng Yu sneered. “The whole world’s annual production of Polysilicon is less than 10,000 tons. Did you all even go and find out about this? 10,000 tons? When it comes to business, you are not my match! You might not even know how to set up a company. Do you know how many companies I had set up?”
Feng Yu seldom speaks so arrogantly. But he is angry when he sees Mayor Xiao refusing to believe him and still tried to argue. This was why Zhou Shuai was able to run away with the money in Feng Yu’s previous life.
Respect is given by others. You don’t even want to admit your mistake and still want connection? Respect my foot!