Hong Kong Island: From a small stall to a global supplier

Chapter 260 A powerful enemy with a strong background!
In the morning, Wang Yaotang didn't want to go to the company so early, but Song Yiran, the general manager of "Hongdou Clothing", called him early, so he had no choice but to go to work.

"What's the matter? Why are you calling so early in the morning?" After asking someone to sit down and serving coffee, Wang Yaotang asked.

Old Song took a sip of coffee and said, "Wang Sheng, do you remember that you signed a contract with Mr. Olivier?"

"What is the problem?"

“There’s no way to ship it.”

"What's the reason? It can't be insufficient production capacity, right? Or is it a quality problem?"

"Neither. It's the end of the year and I can't buy quotas."

"Buy? Quota? What?" Wang Yaotang frowned slightly.

"What a jerk!" Old Song also cursed.

After two years with Wang Yaotang, Old Song has become more open-minded and no longer as cautious as before. After all, his boss is very arrogant...

"There are two agreements. The first one is the Multi-Fibre Agreement, which was reached under the auspices of the General Agreement on Tariffs and Trade in 74. It aims to impose quota restrictions on textiles and clothing exported from developing countries to developed countries in order to protect the local industries of importing countries. As a major importer, the European Community has signed bilateral agreements with a number of exporting economies, including Hong Kong, based on this agreement."

"The second is the European Communities Commission's decision 80/80/EEC in 449, which was basically a strategy to regulate the market through quota allocation for clothing products."

"In response to the above regulations, the Hong Kong Trade Department allocates quotas mainly based on export performance, giving priority to companies that have been engaged in export business for a long time. For companies that can make full use of quotas, they can obtain 100% of the quota in this category."

"At the same time, in order to improve the efficiency of quota use, Hong Kong allows enterprises to transfer quotas permanently or temporarily, thereby achieving optimal allocation of resources."

"There are some more specific details, but they have nothing to do with us. The quotas are basically controlled by the four major families in the garment industry. We have to buy temporary quotas from them."

Wang Yaotang propped his hands on the table and tilted his head to look at Lao Song. "I run a factory, and the Hong Kong government wants to exploit me once. Now I have to buy a quota for export. Am I a beggar on my knees?"

"That's it. There are so many people who want to kneel down but they can't do it. It's about making money, business, not shabby."

"Shabby, so fucking shabby!" Wang Yaotang cursed, "Why should we cooperate and only give it to the damn four major families? Where the hell did these four major families come from!"

"The export businesses of the Lai Sun Group of the Lam Pak-yan family, the Zhaofeng Textiles of the Fong Siu-chou family, the Wan Tai Garments of the Tian Yuan-hao family, and the Bossini of the Lo Ting-pong family almost occupy most of Hong Kong Island. The Hong Kong government must have given priority to them."

"Fuck you!" Wang Yaotang frowned and found that things were not simple.

As expected of Hong Kong, every industry has four major companies, and they are all monopolistic.

"Didn't you sign a contract?"

"It's signed, but there's no point in suing them now. It's already mid-October, and after New Year's Day, the export cooperation will be next year. And after communicating during this period, I found that they did it on purpose!"

"What do you mean?" Wang Yaotang sat down on the desk, "You're kidding me?"

"Originally, after you signed the contract, we wanted to buy some quotas on the quota market to complete this deal. Later, we bought temporary quotas from Jimmy Lai through an introduction." Lao Song explained: "Jimmy Lai, a native of Guangzhou, smuggled into Hong Kong at the age of 12, made his first fortune in the stock market, and later entered the garment industry and founded the brand 'Giordano'. Currently, there are more than 40 stores in Hong Kong Island and more than 80 stores in Southeast Asia."

Wang Yaotang felt that this name was very familiar, and that he must have heard it in later generations, but he couldn't remember it for a moment. He seemed to remember it was "Du".

"But just yesterday, he opened 20 'sex clothing' stores near his original store at the same time, named 'X Slave'."

"No, wait a minute..." Wang Yaotang raised his hand to interrupt him, his expression somewhat incredulous, "In other words, Jimmy Lai has long been eyeing the sub-category of 'erotic clothing', so when he received our purchase quota, he deliberately set a hook in order to delay time. Not only does he want to seize the local market in Hong Kong Island, he also wants to take over the foreign market as well?"

"Is there the Governor standing behind him?"

"Uh... I really can't find any information about this background." said Lao Song.

"Fuck your mother, I just want to do some business honestly, why is it so difficult!" Wang Yaotang took a deep breath and temporarily suppressed his anger, "What do you think, how are you going to deal with it?"

"The current idea is for other companies to buy quotas and register companies in neighboring countries to borrow quotas from other countries, such as the mainland, Thailand, Malaysia, and Singapore. Of course, the best is Hong Kong, which is tax-free."

"What about the store he opened?"

“It’s normal competition.”

Wang Yaotang rubbed his brows in pain, "Just compete honestly? Have you ever thought of other means?"

"Ah, what means?"

"You are professionals. You buy their clothes and put some chemicals on them. Then when you get sick, you take them to the hospital for tests and report it in the media." Wang Yaotang said casually, "You bribed the cleaning lady and sprayed strong-smelling chemicals in their store."

"There are many ways, use your brain."

"Ah this..." Old Song was shocked. Is this... is this business competition so 'simple'?
Seeing Old Song like this, Wang Yaotang sighed, this guy is too honest!
Considering that my own criteria for selecting people is "naturally good", side effects are inevitable.

"Forget it, proceed as you wish. I must get the quota for next year. I don't want to be strangled by others again."

"If we don't have export business this year, we will definitely not be able to get export quotas from the Hong Kong government next year." Old Song said with a wry smile.

Wang Yaotang was so angry that he clapped his hands, "I want a quota? Then you export first? How can I export if you don't give me a quota? So you have to export first before I can give you a quota! Then you give me a quota! But you have to export first!"

"Take your mother in my mouth!"

Old Song blinked, not knowing what expression he should give to the boss so as not to appear embarrassed.

After everyone left, Wang Yaotang was angry and called Sha Ze in, asking him to find out about Jimmy Lai's background.

This thing is actually not difficult, it’s nothing more than a network of relationships.

Find the company's shareholders, track them, get their family information, track their parents and relatives, get their family information, and after a few rounds, you can basically find the person.

Giordano. I remember I bought and wore it when I was young in my previous life. It is a pretty good brand among the common brands.

This guy fled to Hong Kong alone at the age of 12, started from scratch, and is not a second-generation dandy who is too arrogant. It is impossible for him not to do research before classifying the "sex interest". It is impossible for him not to know his reputation. In this case, he dared to snatch food from the tiger's mouth. He must have a background that is enough to make people dare not touch him.

At least he thought it was the background that made him afraid to take action.

It just so happened that Wang Yaotang was going to officially sign contracts with the three major record companies in the next few days, so he temporarily focused his energy on "Yaoxing".

The contract was signed smoothly, and HK$1.2 million was received in two installments. The first installment was HK$7000 million, of which HK$4000 million was used to pay for the previous loan from himself, and the other HK$3000 million was used for the secondary renovation of the store and business expansion.

After the 3000 million is spent and the contract requirements are met, the subsequent 5000 million will be received.

After the contract was signed, a special press conference was held. The major record companies themselves had good relations with the media, so the press conference was very large and was also an opportunity for publicity. Wang Yaotang, Zhang Yaorong and Lao Dong all attended. Of course, it was Wang Yaotang who signed the contract in front of the camera.

Although he came in second, Lao Dong still smiled brightly. He had a specially tailor-made suit and hired someone to style it. This was the first time that he was reported in the media with a positive image, which was very worth commemorating.

The subsequent interview went smoothly. On the one hand, he got the money, and on the other hand, the reporter was well-informed and knew that the company's major shareholder was a member of the society. Moreover, the previous dispute over the "music product store" was so big that many people died. After receiving the 4000 million yuan, Wang Yaotang felt like he was alive again!

Full of energy!
Villa, buy it!

Yacht, buy!

The largest nightclub in Hong Kong, do it!

Nothing else, just money!

"How much funds can be mobilized now?" Wang Yaotang asked with a smile.

The bespectacled man looked at Wang Yaotang, his face suddenly fell and he sighed heavily.

Wang Yaotang's expression froze, and he suddenly had a bad feeling. "No way, that's impossible. I haven't spent any money during this period of time!"

Four Eyes sighed again.

"How much money do you have left? Why don't you speak? Why are you sighing? Are you investing in stocks?"

"And..." Four Eyes gasped again. Seeing that Wang Yaotang was getting angry, he continued, "About 2.7 million."

"How much?" Wang Yaotang was shocked and didn't react. "2.7... million?"

His eyes suddenly widened, and the bespectacled boy turned and ran away. Wang Yaotang knew that this boy was playing a trick on him, so he jumped up and pounced on him in anger, "You bastard, I'm going to kill you!"

"Let me pick, there are so many!" Ajie jumped up from the sofa in fright.

"Is this true?" Aji's eyes almost popped out.

Awei knew about it because he was involved in many of the company's businesses. Seeing the three people's surprised expressions, he burst into laughter.

As you chased him around the sofa and the desk, Wang Yaotang suddenly jumped over, holding onto the sofa, and grabbed the bespectacled boy, grinning and saying, "You're going to be in big trouble!"

The three of them worked together to hold down the four-eyed boy and scratch him...

"No, hahahaha, don't, don't, hahaha, stop..."

The kid laughed so hard that he could hardly breathe, so I let him go.

"Didn't you say you had no money before? How come you suddenly have so much?" Wang Yaotang asked curiously.

"Brother, I'm just afraid that you will spend money recklessly and collapse the company's capital chain, so I didn't calculate the company's profits. We have 12 nightclubs, more than 40 KTVs, dance halls, and bars, and more than 30 Red Bean Clothing stores. Even if the profit of a single store is only 30 per month, the profit is more than 2 million. Now add the audio-visual store. According to the estimates of the finance side, the stable monthly income is around 4000 million every month!" Four-eyed boy said with a smile.

"How many?"

"I choose!"

Although the bottom line is 2.7 million, hearing that the monthly profit exceeded 2000 million, and now 4000 million is jaw-dropping.

Too much!
"Hehe, this is just the beginning. If everything develops as Brother Yao expected, the profit in the next month will soar to 6000 million or even hundreds of millions." The bespectacled boy pouted, but only one lens was left on his glasses, which made him look a little funny.

Ajie and Aji gasped.

However, Wang Yaotang's reaction this time was not that big. "Think about it carefully. If the monthly profit exceeds 12 million, it is only 10 billion a year, and 120 billion in 40 years. Li, Li, Guo, Bao, and Huo, any one of them has assets of more than 10 billion. After 10 years, I would not be surprised if their assets increase tenfold."

"You also said that the four major families have been developing for many years, and we have only been doing it for two years." The four-eyed boy said with some amusement: "Why, you still want to surpass others in 2 years of hard work in just two years!"

"Aren't they talking about four major families? Why are there only five?" Ajie asked while counting on his fingers.

"Isn't it common sense that there are five of the Four?"

"Ah? Common sense?"

"We are just starting out. The audio-visual industry and the adult toy industry are monopolized so we developed quickly in the early stages. It will definitely be impossible to continue like this in the future." Four Eyes poured cold water on everyone.

“Oh, you underestimate me too much!” Wang Yaotang became excited when he talked about this. “After completing the initial capital accumulation, it’s just snowballing. The four major families are nothing special!”

"seriously!"

"You'll know just by looking at it."

"You should deal with Jimmy Lai first." The bespectacled guy curled his lips.

"Yeah, what's the situation with this fiasco?" Aji asked in a deep voice.

"If it were you, I'd just send him to death and be done with it!" Ajie said sternly.

Speaking of this, Wang Yaotang's face darkened, "The news has been confirmed, this guy does have a background."

"He made his first fortune in the stock market, and later he met Fang Mansheng, so he started the garment industry."

"The Fang family is quite powerful. The grandfather of the Fang family is Fang Zhenwu, a hero in the War of Resistance against Japanese Aggression. After the old hero was assassinated by Chiang Kai-shek's men, his two sons, one daughter and their family went to Hong Kong."

"The ancestral home of Fong Siu-chou, one of the four major families in Hong Kong's garment industry, is Anhui. He is a relative of Fong Chun-wu. Later, his eldest son, Fong Sam-ho, started a spinning mill. His second son, Fong Sam-rang, first became a doctor and then entered politics. He is now a non-official member of the Executive and Legislative Councils. His daughter, Fong Sam-suk, works for the Red Cross."

"Fang Xinhao has two sons and one daughter, Fang Jinsheng, Fang Mansheng, and daughter Fang Ansheng."

"Fang Jinsheng studied medicine in college, but inherited the family business and started a garment factory. His younger brother Fang Mansheng is a lawyer, and his daughter Fang Ansheng is more successful. She has worked in finance, economy, industry and commerce, and social services. She was previously the Director of the Social Welfare Department and is now the Secretary for the Civil Service."

"The Fang family has strong power in both the political and business circles of Hong Kong Island, and they also have extensive connections in the legal field. It is precisely because of this relationship that Jimmy Lai was able to start a business in the clothing industry in a short period of time. That's why he is not afraid of any means I use!"

"Oh my god, what's the big deal? He's invulnerable!" Ajie sneered, "I don't believe he's that stubborn. I'll send him to hell anyway!"

"You idiot, use your brain. It's obvious that we are competing with each other. By then, even a fool will know that it was us who did it. Do you think that the political and business circles are vegetarians? Do you understand the value of being a non-official legislator?" Four Eyes said unhappily, "You are the only one who knows how to use a gun!"

"So what do you say we should do? Just watch?"

"Not really... no." Wang Yaotang suddenly said.

"No way, are you serious?" asked the bespectacled boy in disbelief.

"Real business competition is actually so plain and simple." Wang Yaotang said with a smile: "The man is dead, and he is not really his biological son, just an outsider. Are you really willing to risk your life for him?"

"I do not believe!"

(End of this chapter)