“Zhigang, how much money can our company take 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 various provinces?” Wu Zhigang was curious. The company had taken out most of its profits earlier this year to set up its own distribution channel. Why is Manager Feng asking about money?
“We cannot stop building our distribution channels. If there is not enough money, get a loan. Prepare 50 million RMB to be transferred to our Province’s Waterworks Department. You have to monitor how the Waterworks Department uses this money. If any other departments dare to touch this money, or they cut corners in the construction, call me immediately!” Feng Yu instructed.
Government Officials were all very daring. They even dare to misuse the funds given by the Central Government, let alone the donations from a private company.
Government Officials will always use all sorts of reasons to misuse the funds. They will use the funds to increase the number of public buses, office equipment, build new office buildings, etc. Feng Yu will not allow these to happen!
“Waterworks Department? Manager Feng, what are you planning to do?” Wu Zhigang asked curiously.
“Repair the river dams.”
“Repair the dams? Manager Feng, why are you repairing the dams? That should be the government’s job. You might as well donate to Tai Hua Education Trust.” Wu Zhigang does not understand why Feng Yu wanted to repair the dams. No one will care about the dams, and it will not increase his reputation.
“We have 3 rivers in our province. If there is a flood, the damage will be severe. All the farmlands will be flooded. If the dams broke, the houses would be destroyed, and lives will be gone.”
“Is it that serious? In 1991, Longjiang also had flooded. But we are all fine. The higher-ups had also issued funds to reinforce 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 his previous life, everyone disregarded the dangers of floods. Although the dams in Longjiang did not collapse, the designs of the dams and the flood prevention measures were insufficient to handle the flood in 1998.
Also, the economy during that time does not allow the province to build better dams. If Feng Yu were not reborn into this life, he would not take notice of this. No one in the world will expect the flooding to be so severe.
No one will think that the whole province will be flooded. Whenever there is a flood in China, Longjiang province will be affected. This was because Longjiang province has many rivers. It will be too late to strengthen the dams when the flood happened.
Actually, if Feng Yu does not know about the floods, he will also not care about it. Bing City was safe from the floods.
ChapterMid();
But Feng Yu remembered how severely affected Longjiang province was in his previous life. The images of the people suffering were still in his mind. He hopes he could change history this time.
“There are no floods this year or next. What happens if there is a flood the year after that? It will be too late for us to do anything. Prevention is better than cure. Go and make the necessary preparations. This is settled.” Feng Yu waved his hand and did not want to explain further.
Wu Zhigang could not say anything. Feng Yu gave 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 assigned with a Songjiang car each. All of them have 6 digits savings. None of them had imagined they would be able to live so comfortably in the past.
Just follow and do what Manager Feng tells you. Nothing will go wrong if you listen to Manager Feng. This was their belief. Although Wu Zhigang was puzzled over Feng Yu’s decision today, he still followed his orders.
After all, funds were transferred out from the company, Tai Hua Trading had to get a loan from ICBC bank. Tai Hua Trading has a good relationship with ICBC bank, and they could get a low-interest loan easily.
Before this, Feng Yu had used up almost all the funds to invest in Microsoft. Although all of Feng Yu’s companies were doing well, Tai Hua Supermarket stills owe the banks a large sum of money. There were still no dividends. Lehaha was also expanding, and the dividends paid out were very little. Bing City Machinery Company was also expanding and needs to upgrade its machinery. Bing City Pharmaceutical Corporation was also the same. They had just bought two factories.
Wind and Rain Electronics, Wind and Rain Home appliances, Aiwa Electronics, Aiwa Home Appliances were the same as Tai Hua Trading. Last year, Feng Yu had withdrawn out a large sum of money from these companies to invest in the US stock markets. He also made massive sponsorship to CCTV and the Sports Administration. He does not have much money left.
Feng Yu was still thinking of raising a sum of money to invest in the rapidly rising stock market.
“Zhang Ming, how much profits are left in the company?”
“We can take out about 100 million. Manager Feng, you need the money? But didn’t you say we are going to expand out pork products production line?”
“Get a loan for that and give me the money first.”
Feng Yu also took out a sum of money from the AIWA company. He has about 300 million RMB with him now.
“Brother-in-law, how much money does your company have? I need to borrow some.”
Li Shiqiang was stunned. Feng Yu wants to borrow money from him? All of Feng Yu’s companies were making more profits than his Wind and Rain Logistics.
“How much do you need?” Li Shiqiang had also decided to expand his business towards the south. He needed to expand his fleet 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 companies in China. Could it be Feng Yu’s businesses overseas?
“There is no problem with my businesses. All my money had been invested in the stock markets, and I do not want to sell the shares as the share prices are still rising. I am thinking of donating money to repair the dams.”
Li Shiqiang does not understand what Feng Yu was thinking. You do not have money, and why are you still donating to repair the dams? Even if you want to donate, you can wait until you sold your shares.
“I can lend you 10 million RMB. Is it enough? I think I might be able to raise 20 million at most.” Li Shiqiang was no 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 logistics business 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 the dams?”
“To prevent floods.”
Li Shiqiang: “……” He does not understand what Feng Yu was thinking. Feng Yu would rather borrow money to donate for the repairs of the dams? What’s the purpose of doing this? Who would care if you donated 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 not have much patience. I will ask someone else for help. Don’t tell anyone at home about this. I am not squandering my money.”
Li Shiqiang thought to himself. This is not called squandering money, then what is this called?
What is going on in Feng Yu’s head?
