Extraordinary Genius
Chapter 811 - No one can understand him
"Zhigang, how much money can our companytake out?" Feng Yu sat on the sofa and asked.
"We should have around 60 million RMB.Didn"t you ask us to set up our own distribution channels in the variousprovinces?" Wu Zhigang was curious. The company had taken out most of itsprofits earlier this year to set up its own distribution channel. Why isManager Feng asking about money?
"We cannot stop building our distributionchannels. If there is not enough money, get a loan. Prepare 50 million RMB tobe transferred to our Province"s Waterworks Department. You have to monitor howthe Waterworks Department uses this money. If any other departments dare totouch this money, or they cut corners in the construction, call meimmediately!" Feng Yu instructed.
Government Officials were all very daring. Theyeven dare to misuse the funds given by the Central Government, let alone thedonations from a private company.
Government Officials will always use allsorts of reasons to misuse the funds. They will use the funds to increase thenumber of public buses, office equipment, build new office buildings, etc. FengYu will not allow these to happen!
"Waterworks Department? Manager Feng, whatare you planning to do?" Wu Zhigang asked curiously.
"Repair the river dams."
"Repair the dams? Manager Feng, why are yourepairing the dams? That should be the government"s job. You might as welldonate to Tai Hua Education Trust." Wu Zhigang does not understand why Feng Yuwanted to repair the dams. No one will care about the dams, and it will notincrease his reputation.
"We have 3 rivers in our province. If thereis a flood, the damage will be severe. All the farmlands will be flooded. Ifthe dams broke, the houses would be destroyed, and lives will be gone."
"Is it that serious? In 1991, Longjiangalso had flooded. But we are all fine. The higher-ups had also issued funds toreinforce the dams and made many flood prevention measures. What can happen?Furthermore, we will not always have floods." Wu Zhigang replied.
What Feng Yu worried most was this. In hisprevious life, everyone disregarded the dangers of floods. Although the dams inLongjiang did not collapse, the designs of the dams and the flood preventionmeasures were insufficient to handle the flood in 1998.
Also, the economy during that time does notallow the province to build better dams. If Feng Yu were not reborn into thislife, he would not take notice of this. No one in the world will expect theflooding to be so severe.
No one will think that the whole provincewill be flooded. Whenever there is a flood in China, Longjiang province will beaffected. This was because Longjiang province has many rivers. It will be toolate to strengthen the dams when the flood happened.
Actually, if Feng Yu does not know aboutthe floods, he will also not care about it. Bing City was safe from the floods.
But Feng Yu remembered how severelyaffected Longjiang province was in his previous life. The images of the peoplesuffering were still in his mind. He hopes he could change history this time.
"There are no floods this year or next. Whathappens if there is a flood the year after that? It will be too late for us todo anything. Prevention is better than cure. Go and make the necessarypreparations. This is settled." Feng Yu waved his hand and did not want toexplain further.
Wu Zhigang could not say anything. Feng Yugave them pay rise every year, and their bonuses had increased annually. Now,the ones that had joined Feng Yu since he started this company were a.s.signedwith a Songjiang car each. All of them have 6 digits savings. None of them hadimagined they would be able to live so comfortably in the past.
Just follow and do what Manager Feng tellsyou. Nothing will go wrong if you listen to Manager Feng. This was theirbelief. Although Wu Zhigang was puzzled over Feng Yu"s decision today, he stillfollowed his orders.
After all, funds were transferred out fromthe company, Tai Hua Trading had to get a loan from ICBC bank. Tai Hua Tradinghas a good relationship with ICBC bank, and they could get a low-interest loaneasily.
Before this, Feng Yu had used up almost allthe funds to invest in Microsoft. Although all of Feng Yu"s companies weredoing well, Tai Hua Supermarket stills owe the banks a large sum of money.There were still no dividends. Lehaha was also expanding, and the dividendspaid out were very little. Bing City Machinery Company was also expanding andneeds to upgrade its machinery. Bing City Pharmaceutical Corporation was alsothe same. They had just bought two factories.
Wind and Rain Electronics, Wind and RainHome appliances, Aiwa Electronics, Aiwa Home Appliances were the same as TaiHua Trading. Last year, Feng Yu had withdrawn out a large sum of money fromthese companies to invest in the US stock markets. He also made ma.s.sivesponsorship to CCTV and the Sports Administration. He does not have much moneyleft.
Feng Yu was still thinking of raising a sumof money to invest in the rapidly rising stock market.
"Zhang Ming, how much profits are left inthe company?"
"We can take out about 100 million. ManagerFeng, you need the money? But didn"t you say we are going to expand out porkproducts production line?"
"Get a loan for that and give me the moneyfirst."
Feng Yu also took out a sum of money from theAIWA company. He has about 300 million RMB with him now.
"Brother-in-law, how much money does yourcompany have? I need to borrow some."
Li Shiqiang was stunned. Feng Yu wants toborrow money from him? All of Feng Yu"s companies were making more profits thanhis Wind and Rain Logistics.
"How much do you need?" Li Shiqiang hadalso decided to expand his business towards the south. He needed to expand hisfleet and does not have a lot of funds.
"How much do you have?" Feng Yu asked.
"Xiao Yu, your companies have a problem?"Li Shiqiang was curious. He knew nothing had happened with Feng Yu"s companiesin China. Could it be Feng Yu"s businesses overseas?
"There is no problem with my businesses. Allmy money had been invested in the stock markets, and I do not want to sell theshares as the share prices are still rising. I am thinking of donating money torepair the dams."
Li Shiqiang does not understand what FengYu was thinking. You do not have money, and why are you still donating torepair the dams? Even if you want to donate, you can wait until you sold yourshares.
"I can lend you 10 million RMB. Is itenough? I think I might be able to raise 20 million at most." Li Shiqiang wasno longer the boss of a small logistics company. Wind and Rain Logistics"market value is more than 100 million now. But the profits from the logisticsbusiness is not high.
10 to 20 million RMB? It"s too little.
"Never mind. I will look for other people."
"Wait. Why are you donating to repair thedams?"
"To prevent floods."
Li Shiqiang: "……" He does not understandwhat Feng Yu was thinking. Feng Yu would rather borrow money to donate for therepairs of the dams? What"s the purpose of doing this? Who would care if youdonated money to repair the dams? Where are the floods?
"Why can"t you repair the dams next year?"
"There is no time." Feng Yu mumbled.
"What do you mean by there"s no time?"
"Ah, nothing. You should know that I do nothave much patience. I will ask someone else for help. Don"t tell anyone at homeabout this. I am not squandering my money."
Li Shiqiang thought to himself. This is notcalled squandering money, then what is this called?
What is going on in Feng Yu"s head?