Spring Breeze Twenty Years

Chapter 1350 Must be resolutely banned

The contract was ready, and George signed the employment contract and confidentiality agreement, thus officially joining the company.

Xiao Wei tossed George the detailed information about the London company and property provided by Liu Meijing, saying, "Château Henri Pinot Noir in France is a company property. If you need anything, just let us know."

George whistled and looked down at the documents. He had originally thought the company had only bought an office, but it turned out to be an entire complex of buildings. "Boss, can I ask how much this cost?" he asked, pointing to a photo of the property.

Xiao Wei said, "It cost over four million pounds and is already renovated. The side facing Adam Street is for the company and purchasing station, while the other three sides can be used for business or rented out, with the revenue calculated separately."

Don't always assume foreigners are rich. There aren't that many millionaires abroad, and ordinary people still struggle to make ends meet. In the UK and the US, 20,000 or 30,000 dollars is a huge sum for the average person, and very few families have even a few thousand or tens of thousands of dollars in savings.

George nodded, carefully reviewing the documents and the market analysis provided by the purchasing station.

……

Foreign Affairs Office, Foreign Affairs Division.

Director Gao carefully read through the report in his hand again.

Nongshim Group of South Korea has already started construction on a $7 million factory in Shanghai, and has signed a contract for an $8 million investment in Qingdao. They are currently negotiating an investment in Fengtian, with a planned investment of $15 million.

In order to expedite the implementation of its investment, South Korea has proposed to acquire Fengtian Fuyingmen Supermarket Management Company. It has offered a $5 million acquisition plan, or a $3.2 million equity investment, or even agreed to merge the company into Nongshim Group and acquire 5% of the group's shares.

The Korean director personally traveled to Kyoto to meet with the person in charge of Fu Ying Men, showing great sincerity.

Because Nongshim made the contact through the South Korean Embassy in Beijing, the Foreign Affairs Office of the Municipal Government intervened to coordinate the meeting between the two parties and to provide foreign affairs guidance to its own company.

"Zhang and Chen, the persons in charge of Fuyingmen, disregarded the overall situation of the country's investment promotion, unreasonably refused guidance on foreign affairs work, arrogantly demanded that our staff leave the scene, and verbally abused foreign investment representatives in public."

The South Korean investment representative, Mr. Shin, a director of the board, lodged a protest with our side through the embassy and questioned our investment environment, stating that the possibility of continuing to invest needs to be seriously considered.

Meanwhile, Mr. Shin, the representative director from the South Korean side, generously stated that as long as Fu Ying Men apologized and admitted their mistake, the conditions offered by the South Korean side would not change.

The South Korean companies hope that we will respond as soon as possible and give them the respect and support they deserve.

Attached is the protest letter from the South Korean Embassy in Beijing.

Director Gao flipped through the protest letter again, repeating the same few diplomatic phrases over and over. It was just a statement, and everyone understood that if the situation were truly serious and the protest were strong, it would have been sent to the Ministry of Foreign Affairs long ago.

However, since the embassy represents a country, it still needs to give an explanation.

Director Gao thought for a moment, looked at his work schedule, and picked up the phone: "Have Guo Quangui and Tian Yuan come to my office."

After hanging up the phone, Director Gao picked up the report again and frowned: Fuyingmen Company.

Those who can sit in this position are all intelligent. Don't underestimate the power of a section chief; it depends on where the section chief is located.

If South Koreans go to such lengths to plan a company, who would believe there's nothing going on behind the scenes?

After lighting a cigarette, Director Gao pondered for a moment. What was so special about Fengtian, Fuyingmen Supermarket Management Company, that made the Koreans value it so much? Five million US dollars, more than forty million RMB, that's quite a large sum.

Director Gao knew that many state-owned and collective enterprises in various places were quite good in terms of strength and market, and the joint venture valuation was only one or two million. Foreigners did not follow Lei Feng's example; they all racked their brains to find ways to suppress the value of enterprises.

Zhang, Chen? Xin? Director Gao cursed inwardly. Using such official titles in the report meant that these two guys didn't even know each other's real names.

In the 90s, China's industrial and commercial management was not very sound. It mainly consisted of state-owned enterprises, collective enterprises, and individual businesses. Private companies had not yet become the main force; most businesses were factories and service agencies.

The requirements for privately established companies are quite stringent.

State-owned enterprise groups are much clearer, while private group companies are extremely rare, like giant pandas. In terms of business administration, they are no different from other companies, and they are all registered separately.

The only difference is that when calculating taxes, there's an option for each company to do independent accounting or for the head office to do overall accounting. That's a tax matter, and it also involves national and local tax bureaus, with no communication between them.

Real estate companies are subject to national taxation, food companies to local taxation, and restaurants and instant noodle factories are jointly managed by national and local tax authorities.

So unless you have inside information or there is a formal explanation, outsiders really can't figure out the relationship between the companies.

There was a gentle knock on the office door three times. Director Gao looked up and said, "Please come in."

Guo Quangui and Tian Yuan walked in: "Gao Chu, did you call us?"

Director Gao picked up the report and shook it: "What's going on here? This has nothing to do with us at all."

Guo Quangui said, "The South Korean representative requested a meeting through the embassy, ​​and the city assigned us the task of cooperating."

Director Gao frowned, got up, walked to the sofa, and sat down: "Come, sit down and let's talk. Tell me about the situation."

Guo Quangui and Tian Yuan sat down on the sofa, embellishing the story of the meeting: "That's how it was, Director, you have no idea how arrogant those two were."

The Korean guests had kindly prepared a banquet, but once inside, they demanded to change meeting rooms, and no amount of persuasion worked. They then pointed their fingers at us, telling Tian Yuan and me to leave, completely ignoring our status and refusing to mediate.

"The conditions proposed by Director Xin are really quite favorable. I don't know what they mean by this; they didn't even consider it, and their attitude was extremely rude."

Tian Yuan nodded and said, "Indeed, I've never seen anyone like this before. They really bring shame to our country. Later, Director Xin made concessions, saying that as long as they merged the company, they could get five percent of the shares of their local group."

They even said they could provide access to the global market to help them enter the international market—what a great opportunity! But guess what they said, Director? They said they wouldn't even consider a merger with Nongshim Group, which would give them a 5% stake.

Isn't this blatant insult? This is a large multinational corporation that earns millions or tens of millions of US dollars and invests heavily in China. How can they talk like that?

In my opinion, a company like this shouldn't be allowed to continue operating; it should be resolutely shut down.

(End of this chapter)