Chapter 515 – Meeting Liu Chuanzhi
After stopping things from advancing between him and Fu Mengying, Feng Yu asked Old Chen to drive him to his real destination.
It was a low-rise building. There was a signature at the entrance. Hong Kong Lenovo Company. Feng Yu knew he was at the right place. Hong Kong Lenovo company’s office building was doing much better than Beijing Lenovo. They could afford to rent such an office building.
Feng Yu entered the building and took the lift after registering at the lobby.
“Hi, is Liu Chuanzhi, Chairman Liu around?” Feng Yu asked.
Liu Chuanzhi was the Chairman of the Hong Kong Lenovo Company and the CEO of Beijing Lenovo company.
The receptionist could tell Feng Yu was from China because of his accent, and she replied in broken Mandarin: “Chairman Liu is in a meeting. Do you have any appointments with him?”
“Just tell him Feng Yu is here.” Appointment? I am here to invest. Do I need to make appointments?
Hong Kong Lenovo Company was going to focus in the PC industry and had plans to set up a computer division. But they do not have the funds.
The Chinese Academy of Sciences (CAS) had the funds, but they could not use all the funds in Lenovo. Also, the leaders at CAS does not think Lenovo’s development in PC will allow them to compete with the PC companies from Overseas. This was the time when they thought of a way to raise funds. Listing the company for the company’s future development.
But there was a problem. CAS was holding the majority of the shares, and they had not been doing well for the past few years. Also, they had a poor risk capacity. All these factors would affect their listing. Even if the company got listed, the share prices would not be high. It will not help them accumulate enough funds for them to enter the PC market.
Liu Chuanzhi suddenly remembered there was a Chinese businessman who had called him in the past. That businessman wanted to invest in Lenovo, but he had rejected him. Now, the company needs investment, and he suddenly thought of this businessman.
But when Liu Chuanzhi called this businessman, the businessman was no longer in Beijing. He was in Hong Kong. Liu Chuuanzhi immediately packed his bags and fly to Hong Kong.
His leader had told him that he could sell Lenovo’s shares to Chinese, Hong Kongers or even Macanese. But he cannot sell the company’s shares to westerners!
The Chinese leaders had seen many companies who were invested by Westerners and was slowly taken over by them. In the end, the Westerners held the majority of the shares and the Chinese had no said in the company. All the profits were taken away by the westerners.
This was why Liu Chuanzhi felt Feng Yu was the most suitable investor.
When Liu Chuanzhi told his leaders that Feng Yu was the boss of the Wind and Rain brand, the leaders were delighted. They knew the Wind and Rain brand was from a reputable and trustworthy company. Most importantly, Feng Yu had expressed interest in their company and had wanted to invest. This deal could be settled quickly.
Liu Chuanzhi had been waiting in his Hong Kong office since morning. He was waiting for Feng Yu to look for him. When he received the notification from his receptionist, he immediately stood up: “Invite Manager Feng in immediately!”
Ah…… Liu Chuanzhi was not bald. Feng Yu was surprised when he saw Liu Chuanzhi. He felt this was funny. The Liu Chuanzhi was still young, and his hair had not fallen off.
“Chairman Liu, we have finally met.” Feng Yu smiled and extend out his hand.
Liu Chuanzhi heard Feng Yu’s voice, and he instantly knew this young man was the one who called him. This was the businessman who wanted to invest in Lenovo.
But Liu Chuanzhi had met many successful young men in Hong Kong, and he recovered from his shock quickly. He shook Feng Yu’s hand: “We had spoken over the phone several times but had no chance to meet each other. Now, we have finally met.”
Feng Yu was grumbling in his heart. No chance to meet? You are the one who does not want me to invest in Lenovo. Now, you need my investment, and you start to look for me?
“Chairman Liu, Lenovo is a good company. When I was in Beijing, I had bought a Lenovo computer.” Feng Yu smiled.
“Seems like we can be considered successful for Manager Feng to buy our products.” Feng Yu was a successful business, and he did not use better computers from overseas. Instead, he bought a Lenovo computer. Liu Chuanzhi felt really proud.
“Chairman Liu, you called me here, is it you have some good news for me?” Although Liu Chuanzhi did not mention anything over the phone, Feng Yu knew what was this about. Liu Chuanzhi needs his investment.
“Manager Feng, you had told me several times over the phone in the past that you are interested in investing in Lenovo. Are you still interested in investing now?” Liu Chuanzhi was the proactive party in this negotiation.
Feng Yu does not care about all these negotiation tactics. Yes, he wants to invest in Lenovo. If possible, he still wants to be the majority shareholder!
“I am interested of course. I had always wanted to enter the IT industry and do PC business. But it was too troublesome and slow for me to set up a development team myself. That’s why I wanted to invest in Lenovo.”
“Are you going to invest in Hong Kong Lenovo or Beijing Lenovo?”
Lenovo was still split into two companies at this time. Each company was financially independent of each other. But the top management was the same group of people.
“I can’t invest in both companies?” Feng Yu smiled and answered. If possible, he would want to own the shares of the whole Lenovo company and not part of it. If not, Feng Yu shares would be diluted when both companies merged in the future.
In another two years, Lenovo will be China’s PC leader, and then it will become Asia’s leader. Lenovo will be one of the top 5 PC companies in the world. The profits from this company will be massive and how could Feng Yu miss this opportunity?
“Manager Feng, although Lenovo’s initial investment was not a lot, we had also developed quite some products and own some technology patents. We had developed well in the past few years, and the market value of both companies was much higher compared to last year.” Liu Chuanzhi reminded Feng Yu.
“Much higher? How high can this be? Maybe you are still not aware that I am the major shareholder of China’s Songjiang Motors. Last year, I had invested a more than 1 billion RMB into Songjiang Motors.” Feng Yu said casually.
Liu Chuanzhi’s eyes opened wide. What? Feng Yu was also the major shareholder of Songjiang Motors? He invested over a billion RMB last year?
How much were Feng Yu’s assets? If Feng Yu was not bragging, his total assets could buy out both Lenovo companies at once.
This person was a big boss. A real big boss!
This means that the leader does not need to look for another state own enterprise to invest in Lenovo. Feng Yu alone could fill the gap!
Liu Chuanzhi immediately changes his attitude to become more enthusiastic: “Manager Feng, have some tea. Oh, do you smoke? I have bought some Zhonghua cigarettes from China. Let me get it for you.”
Feng Yu laughed and waved his hand: “I do not smoke. Chairman Liu is convinced of my financial ability now?”
“I am convinced. Let me tell you about our company’s future plans. I promise you that you will not regret your decision to invest in our companies!” Liu Chuanzhi said excitedly.
Translator’s notes: Founder of Lenovo
https://en.wikipedia.org/wiki/Liu_Chuanzhi
Chinese Academy of Sciences
https://en.wikipedia.org/wiki/Chinese_Academy_of_Sciences