Spring Breeze Twenty Years

Chapter 1352 The Landmine Bee's Nest

"Feed? Are you asking me something?"

"Old Gao, what exactly do you want to find out about this company?"

"It's work. What's going on? Tell me." The other person was Director Gao's childhood friend and classmate, who worked at the State Administration for Industry and Commerce.

"It's not Fengtian, it's a provincial company in Liaodong, and a wholly-owned subsidiary of Liaodong Brothers Group. Dude, can you tell me what's going on so I can get some information? At least tell me what it is, right?"

Director Gao stroked his chin: "Nongshim Korea, through their embassy here, met with the owner of Fuyingmen to try and acquire it, but they disagreed. Anyway, it was quite unpleasant. I have the embassy's protest letter with me."

"Acquisition? Nongshim Korea? How much are they offering?"

"It seems like they're offering five million US dollars, or three million two hundred thousand US dollars, for a 60% stake. Oh, and they also said that if we merge this company with them, we can give them five percent of the group's shares, and at the same time, open up Nongshim's global trade channels to them. I think that sounds pretty good."

"What did they say over here? How did things turn out so unpleasant?"

"They don't agree here. They said that if Nongshim were to merge with them, they would take 5% of their territory, and they wouldn't agree to that. Isn't that a blatant insult? How can this be resolved peacefully? Originally, this matter was between Liaodong and Fengtian, but both sides have brought it all to Kyoto. I'm just taking the blame."

"You know what, it's not an exaggeration. I have Nongshim's data here. Let alone five percent, I would even consider three percent."

Why should someone else, who's running a perfectly good business, get the better deal?

Besides, Nongshim doesn't have that kind of strength. I think Nongshim's total assets are only a little over 100 million RMB? Let me check.

Director Gao frowned: "This place, they seem to have a lot of resources? They just run a few self-service stores in Fengtian, right? Supermarkets?"

"How many? Wait a minute, Nongshim. 4.3 billion won, which is less than 200 million yuan. And that includes his assets in Shanghai and Qingdao. He thinks he can acquire our brother with that?"

"Isn't this a joke? They're already being kind by not spitting in his face, let alone five percent. What a joke!"

Director Gao reached for a cigarette and leaned back in his chair: "Stop talking nonsense, tell me about the situation here. How do you know so much about it?"

"It's registered with me. It's a wholly British-owned company. How do you think I know that? It's wholly owned by WMH, but I guess it's just a shell company. We all know that."

Brothers Group is involved in supermarkets, food production, hotels, real estate development, catering, department stores, property management and automobile sales, and has more than a dozen subsidiaries, of which Fu Ying Men is just one.

"Total assets, let me see. Including Kyoto and Tianjing, it's about six or seven billion yuan, mainly concentrated in real estate. The buildings they develop are basically for their own use, understand?"

Director Gao was stunned for a moment: "Holy crap, really? What are they doing holding onto so many houses?"

"Shopping malls, five-star hotels, upscale restaurants, supermarkets, convenience stores, car dealerships, food stores—they all need space, right? And then there are office buildings for rent."

Let me tell you, putting everything else aside, the supermarkets under Fu Ying Men have covered almost all the prefecture-level cities in Northeast China. There are dozens of them in Fengtian alone. What were the Koreans thinking when they offered five million US dollars to acquire them?

I also have records of the store opening plans of people in Kyoto; next year, fifteen large-scale department stores.

Director Gao was completely shocked: "Wow, this is amazing! I've never even heard of him. What's the boss's name? Someone this awesome must be famous."

"There are four shareholders: Zhang Wei, Chen Hui, Geng Hui, and the British company WMH. But privately, I suspect that WMH is actually owned by the three of them. I have no proof, I'm just guessing."

Zhang Wei is the chairman of the board; his wife works in the General Office of the Liaodong Provincial Government; and his father-in-law is the deputy director of the Liaodong Construction Department. Geng Hui's husband is the deputy director of the Liaodong Provincial Urban Construction Bureau; I suspect she is managing the shares on behalf of her husband.

And this Chen Hui, buddy, his dad's an executive director in the Ministry of Electrical Engineering, in charge of operations—the same rank as your dad. His mom's a vice-minister, the head of the State Administration of Foreign Exchange. Are you trying to stir up a swarm of bees, or a landmine?

Director Gao was dumbfounded: "Holy crap. Dude, thanks a bit, you decide on the time."

"They've already invested nearly a billion in Kyoto and Tianjing, what's a few million dollars to the Koreans? You should back out of this mess and not get involved. If you have the chance to get in touch, you can't go wrong."

Director Gao nodded, immediately realizing he was on the phone: "Okay, I understand."

"Oh, wait a minute, there's more. They and Zhang Wu set up another real estate company in Kyoto. It was registered last month, called New Era Real Estate. There are five shareholders: Zhang Wei, Chen Hui, Zhang Wu, Chen Huaiyuan, and Xie Changqing. Zhang Wei and Chen Hui hold the majority of the shares."

Director Gao licked his lips: "Any more? I'm almost numb to it."

"I've just started using a computer for work, so the data isn't very complete yet. I'll look for it again when I have time. Oh, there really is one: Haikou, Kaihang Real Estate, the shareholders are Zhang Wei, Chen Hui, Geng Hui, and Miler."

Sanya, Fengda Tourism Real Estate Company, shareholders are Kaihang Real Estate and Kyoto Shengshi Fenghua Tourism Company, not a bad name. Wu Guolin, Liu Jiaming, Wang Lihua, Du An'an. Damn.

"The investment is 350 million, with Kaihang holding 70%. Yafei, I have a feeling you're in deep trouble. How many companies have you messed with this time? You've offended almost everyone in Beijing, from the power company to the military region."

The sound of keyboards clicking came from Xie Tong's phone. Director Gao Yafei gave a wry smile; this was indeed stirring up a hornet's nest.

"Dude, this Miler's family is from Jibei Province, and his dad is the second-in-command of Xidu City. Another department."

Gao Yafei stubbed out his cigarette in the ashtray: "I anticipated all of this. If it weren't for this level of cooperation, we probably wouldn't even have had a chance to work with them. Alright, thanks buddy, I'll think about it."

"Yafei, you haven't made any moves yet, have you?"

"No, they just handed me the report, and I immediately felt something was off. The Koreans are taking this way too seriously. Luckily, I asked you. It's alright, I know how to handle it, don't worry."

"Okay, that's good. By the way, do you have their contact information? Let's find a chance to get to know them sometime."

"Okay, I'll look for an opportunity. I haven't met him in person yet. Let's leave it at that for now."

After hanging up the phone, Gao Yafei breathed a sigh of relief, looked at the report, thought for a moment, picked up the official paper, and began to write.

……

"It really won't work. Just be honest and obedient. A month will pass in the blink of an eye."

"Hmph, hmph, hmph."

"Why do you smell so strongly of milk? Did it leak?"

"She's not eating enough, she's bloated. You should eat some."

"what?"

"What do you mean, 'ouch'? It's so uncomfortable. Eat something, I'll take care of you. Hmm, hmm, gently, you're so annoying."

(End of this chapter)