Chapter 804 – You have been conned again
After signing the contracts with the Sports Administration and CCTV, Li Na started her school holidays, and Feng Yu went back to Bing City with her.
But Li Na was shy and only stayed in Bing City for a day before going back to the village. Zhang Ruiqiang heard that Feng Yu had returned and asked him over for a chat.
“Oh, Brother Liu. Here…… this is something I bought for you from the US.”
Secretary Liu’s eyes twitched. Manager Feng, how can you give me a carton of cigarettes in from of my leader? Are you doing this on purpose?!
Zhang Ruiqiang rolled his eyes at Feng Yu and asked: “How much does that cost?”
“Don’t talk about money. This is only a gift. Brother Liu, you must treat me to dinner some other time.”
Zhang Ruiqiang shook his head and looked at Secretary Liu. “Take it. It’s rare to see Feng Yu giving out gifts. You can give it to your father-in-law.”
Secretary Liu took the carton of cigarettes. His leader had spoken, and he does not need to worry. Feng Yu was pissed by what Zhang Ruiqiang said. What do you mean by it’s rare for me to give gifts? You dare to accept my gifts?
“Ah, leader. You have more white hair. You must take care of your health.” Feng Yu joked.
“Manager Feng, the leader, has lots of things on his mind recently and does not have time to rest.”
“What is troubling you? Tell me.” Feng Yu become interested.
Zhang Ruiqiang gave his secretary a stare. But his secretary also gave him an excuse to ask Feng Yu for advice.
“Real estate issues. What are your views?”
Real estates? Bing City wants to develop the real estate industry? But this is not a good sign. The property prices will be pushed up, and the commoners will suffer.
“What’s wrong? Is this suggested by the City Government or the Provincial Government?”
“What City Government or the Provincial Government? I am not talking about developing the real estate industry. I am talking about how we are going to regulate this industry.”
“Regulate? The property prices in Bing City had risen by a lot?” Feng Yu sat upright. Was it because of him that revived the Bing City industries and caused a spike in the population and caused property prices to rise?
The university graduates had to look for jobs by themselves now, and the companies have to pay security insurance. Most workplaces do not give out properties to their employees and only provide some subsidies. It is usual for the property prices to increase. But if the increase is too high, there must be some problems.
This would be like some places in China, where the property market crash and that area become a ghost town. It will take several decades for that area to recover.
“There are no problems with people’s lodging. The city had planned a long time ago. We are also introducing quarters for state-owned enterprise employees. But recently, a businessman came to our Bing City and wanted to build a technology building. He asked the City government to approve a plot of land. There are two voices in the City now. One side felt we should give him the plot of land, and that building will become a landmark in the future and will attract more investors. As more people got to know about this, many companies also approach us to buy land to build buildings. Another group of people in the City Government felt this was only a vanity project and does no help to the people.”
Technology building? In another few years, this will be a popular concept. Li Zekai’s company made use of this concept and made a hefty sum. In the past, someone had also thought of this, and the most prominent case was the Giant Building.
Technology sounds like something high-end, but it is only scientific techniques. All production needs technologies. But currently, people’s impression of technology is high tech and needed lots of money and scientists. Once the technology becomes a product, everyone will make money.
“What is this technology building? What does it mean? A factory building or a research facility? Or is it just an office building with a fancy name?”
“All of them.”
“All of them? What does Zhang Ruiqiang mean?
Zhang Ruiqiang saw the confused look on Feng Yu’s face and explained: “This Technology building can be considered a Science and Technology Industrial Park. It includes a research facility, factory, offices, etc. and all of these will be housed in a 100 meters tall building.”
Huh? Was this a joke? If this is true, it will cost more than a billion RMB. Which businessman in China have so much money?
“Who is the other party? What do they do? How are they going to recover their investment in this building, and what is their core business?”
Feng Yu had invested in an industrial park before. It was his Songjiang motorcycles and car factories as the core and attracted smaller factories producing parts to be built around it. All the companies and small factories were revolving around Songjiang factories.
Feng Yu wants to know the core industry of this industrial park.
“Polysilicon technologies.”
Polysilicon industry? From Taiwan?
Polysilicon is a material used in semiconductor chips. This material can be found in small radio receivers to PCs.
China does have this technology, but it’s outdated. Most of the factories dealing in Polysilicon had shut down due to pollution. The investment required for this industry was high and needed at least 2 billion. If not, it will not reach a profitable scale. Small scale factories producing Polysilicon will not make any money. If someone really wants to go into this industry, his initial investment will not be lesser than 1 billion.
If this company was successful, then Lenovo, Wind, and Rain Electronics product cost will be lowered.
“What company is this? How many tons can they produce annually?” Feng Yu asked excitedly.
“Future Technology Group. It is a big company in the US. The boss of the company is an American Chinese. I heard that his company’s annual production is more than 10,000 tons!”
Future Technology Group? Feng Yu thought hard. He had never heard of this company in his previous life. Not many companies can afford to deal with Polysilicon. All the companies that produce Polysilicon were big.
Feng Yu felt something was off. There must be a problem. In the current era, the total production of Polysilicon in the world is far from 10,000 tons! This is bullshit!
“What is the name of their boss?”
“His Chinese name is Zhou Shuai. He said Microsoft had invested in his company.”
“Which company again?” Microsoft? How come I am not aware of this?
In Feng Yu’s previous life, Bing City also tried to build a High-tech industrial park and was conned. It seems to have happened around 1996. Could this person be that conman?
“Microsoft. The world’s biggest software company. You have never heard of this company?” Zhang Ruiqiang was surprised. This was a famous company, and Feng Yu had not heard of it?
“Leader, software production does not need Polysilicon. Do you know?” Feng Yu asked. Since when software companies need to invest in Polysilicon? Microsoft wants to build their own PCs?
If Microsoft dares to do this, they will be going against all the PC manufacturers. Those manufacturers will join forces against Microsoft and stop its monopoly.
“Microsoft is not a PC company? PCs also need this material.”
Feng Yu pointed to himself and said: “Do you know why I went to the US? Investments. I am now a shareholder and a director of the company you are talking about!”
“You are a shareholder of Microsoft?!” Zhang Ruiqiang was shocked. Feng Yu already have so much money?
“That’s why I can confidently tell you that you have been conned again!”