Extraordinary Genius
chapter-193

Build our own factory?

Hou Haitao looked at Li Shiyou. Both of them felt that something was off. It seems that they were both tricked by this kid. All this while, Feng Yu had wanted to set up a factory in Guangzhou!

“Manager Feng, then can you tell us how are we going to set up this new factory in southern Guangzhou? Are you familiar with the government there? If it is at Bing City, Old Li and I are still reputable, and the city government dare not to do anything to us. But if it is Southern Guangzhou, we have no connections and what happens if we are cheated?” Hou Haitao asked.

“It’s impossible if we are using both of your factories to build a branch factory there. Even though both of your factories are state-owned enterprises, and have connections with the committee and military, both of you would not be as powerful as my friend.” Feng Yu retorted.

“Your friend? Who?” Li Shiyou looked at Feng Yu. This kid still has friends with strong background? Could it be some leader’s kids?

“both of you should have heard of my friend. Fu Guangzheng. His family is taking care of our overseas sales.” Feng Yu used Fu Guangzheng’s name.

The humidifier’s overseas sales were handed over to the Fu family, but Fu Guangzheng was only the deputy general manager and a small shareholder. His father and uncles were the major shareholders.

“Him? How is he better than us?” Hou Haitao was slightly unhappy.

The Aviation Factory is a factory that manufactures aircraft. The factory had high standings in Bing City and Longjiang. However, compared to the rest of China, it was nothing. But Hou Haitao still felt that it should be better than someone so much younger than him.

The Fu family is nothing. They are only businessmen, and businessmen could not be compared to them, government officials.

Feng Yu smiled and said: “It’s because they are Hong Kong businessmen!”

Feng Yu said the words “Hong Kong businessmen” slowly, and Hou Haitao swallowed what he wanted to say and angrily lit a cigarette.

He had nothing to retort Feng Yu. In this era, it was like that. Foreigners were held in high esteem than locals, Although Hong Kong was not considered a foreign country, it was not returned to China yet. To prevent problems in the handing over of Hong Kong, Hong Kong businessmen had higher status than other foreigners. China was afraid that these businessmen would talk bad about China when they return to Hong Kong.

When businessmen from Hong Kong invest in China, they enjoyed tax benefits from the government, and they had special rates for exportations too. Even when they committed crimes in China, they had to be extricated back to Hong Kong for court.

“Manager Feng, are you trying to ditch us for Fu Guangzheng?” Li Shiyou’s face color changed. If Feng Yu ditched them, then his factory would be suffering a significant loss. He would rather get some factories to manufacture the fans for them. This way, he might be getting lesser profits, but it was better than none.

Li Shiyou was jealous of Feng Yu’s Tai Hua Trading Company. The company only had slightly over a dozen staffs, and all the staffs were family members of his workers at the Motor Factory. Even the 2 financial staffs were poached from the Motor Factory.

What did those lads do in the past? Every one of them was lazing around at home waiting for their parents to retire and take over their positions at the factory. Many of the worker’s family members were like that at the Motor Factory. When they just started work at the factory, their wages were very low, but after 1 to 2 years of probation, they would be getting a pay raise.

But now, the other lads at the factory from the same batch were nothing compared to Feng Yu’s staff. Even those university graduates from their batch were only working as technicians and lower management staffs. Everyone got to start from the lowest ranked.

Those that take over their parents’ positions at the factory were the worst. Anyone of their parents retires, they would only be getting a pension of 30 RMB monthly. The youths who had taken over would have to start from apprentice, and the monthly salary was less than 100 RMB. Coupled with the parent’s monthly pension, it was lesser than their monthly income before retirement!

Then what happened to those retired workers? They had been production workers their whole lives and had no other skills. Even setting up a small breakfast stall was considered a great achievement for them. Most of them ended up as cobbler or bicycle repairmen.

When Li Shiqiang went to recruit people at the factory’s hostels, those that did not apply regretted. Last year, Feng Yu gave his staffs a pager each, and this year, he gave each of them a motorcycle. Everyone at the factory was green with jealousy!

Li Shiyou’s workers wanting double pay for overtime and a 5 days work week was also caused by Feng Yu. But to maintain a good relationship with Feng Yu, Li Shiyou endured it all. Now Feng Yu seems to be wanting to ditch his Motor Factory?

Because of your Tai Hua Trading, I had suffered a lot, and you want to stop our cooperation? I will get the contract and find a way to sue you!

Before Li Shiyou could say anything, Hou Haitao anxiously said: “Manager Feng, if you are going to ditch us, then I would not give you the technology for the bladeless fans!”

“You want to sue me? You can go to the courts and ask around. I dared to sue a foreigner and still win the case. You think I am afraid of you, a state-owned factory director? I have the contract, and you are using my money to do R&D. So, the research results belong to me!” Feng Yu sneered.

You want to be aggressive? Fine.

“We also have contracts. It is impossible for you to ditch us! No matter who you cooperate with, you must still pay us for our shares! Right, Director Li?” Hou Haitao immediately dragged Li Shiyou along. Both of them must work together against Feng Yu.

“I must give you your shares? Have the both of you read the contract carefully? I have the patent of the humidifiers, and I can authorize any non-China companies to manufacture and sell humidifiers. This is protected by the law!” Feng Yu said calmly.

Talk about contracts? The both of you were way off. In a contract, every sentence or even any words have a different meaning if misused!

Hou Haitao and Li Shiyou were shocked. There were such terms in the contract? When they signed the contract, they only thought about the domestic market and did not think of exporting to overseas. This would mean that if Feng Yu authorized someone else to manufacture and sell the humidifiers, their profits would be significantly affected. The earnings from exportations were much higher than the gains from the domestic market!

“Manager Feng, do you still want the Machinery Company’s shares?” Hou Haitao threatening asked. He knew that Feng Yu wanted the Machinery Company’s shares and he could hold on to the shares and not sell to Feng Yu. Anyway, the shares were making money.

Feng Yu raised his head and look at the ceiling. He slowly said: “The ultra-high powered electric furnace’s negotiations are almost completed, It seems like I need to look for a new buyer.”

Hou Haitao took a few deep puffs and threw the cigarette butt on the floor. Then he lit another cigarette.

Seeing Li Shiyou still want to argue with him, Feng Yu crossed his legs and casually said: “I think I also need to look for new buyers for the turbine technologies and the steam generator technologies from the Soviet Union.”

Li Shiyou sat back onto the sofa dejectedly. He suddenly realized that both of them had fallen into a trap set up by this evil businessman. They had no other choices but to agree with Feng Yu!

“Manager Feng, then tell us if you are going to include us in this new factory?” Hou Haitao blew out the cigarette and asked with his head bowed.

Feng Yu’s lip corners raised: “I have decided. This branch factory at Southern Guangzhou……”