Three days later, Feng Xing Tai was pulled out of the grain processing plant by Li Shi Qiang, stuffed into a car, and taken to Ice City.
"Brat, did you do something bad at school? Why did I have to come here?"
The first thing Feng Xing Tai said when he saw his son was a question, which hurt Feng Yu deeply.
"Dad, what are you talking about? Your son is so excellent, how could he do anything bad? It's definitely something good."
"Spit it out quickly, I'm busy at the factory. Another ten tons of soybeans were delivered yesterday, and we're busy processing them. Where are those three Russian engineers? Return them to me as soon as you're done. With them around, production speed is top-notch. Now that they're gone, the speed has slowed by more than ten percent."
Feng Yu's eyes widened. Do you think those three Soviet experts were specifically hired for your small grain processing plant?
"Dad, that's not the point. The point is, you're starting a company again!"
Feng Yu was waiting for his father's praise, but instead, he received a slap on the back of his head.
"I can barely manage this one factory, and you want to start another company? Do you want to work me to death!"
Feng Yu rubbed the back of his head, his face full of grievance: "Dad, have you ever managed the Taihua Trading Company in Ice City? How could I work you to death? When I said I would hand over the grain processing plant to someone else, you were the one who didn't trust them."
"That's true. So, tell me, why are you starting another company, and what kind of company is it?" Feng Xing Tai chuckled and ruffled his son's hair.
"You know the Ice City Machinery Factory, right? The plows and seeders we use on our farm are all produced by this factory."
"You want to start a machinery factory?"
"No, I want to invest in the machinery factory. Tomorrow, you'll sign a contract with me, and then you'll be a shareholder of the machinery factory. For every dollar the factory earns, you'll get ten cents."
"What? Invest in the machinery factory? How much money does that require? With that money, we could buy another soybean oil production line. Soybean oil is much more profitable."
"Dad, the money has already been paid."
"You wasteful brat, who gave you the authority to make such a decision!"
Feng Yu took a step back, feeling that this distance was safer, and then patiently explained: "Dad, this investment will definitely pay off. Moreover, I invested with technical shares, using Soviet technical documents. Think about it, what use do we have for these documents? Are you going to start a machinery factory yourself? I wanted to sell them, but they couldn't come up with the money, so they offered shares instead. If you don't sign, the money will be wasted."
Hearing that the money would be wasted if he didn't sign, Feng Xing Tai glared at Feng Yu: "This is the last time. If you do this again, I'll beat you to death! Xiao Li, you keep an eye on him. Make sure he focuses on his studies. Isn't the money we're making now enough? All he thinks about is money, money, money. I think he's obsessed with it!"
Li Shi Qiang, who had been covering his mouth and secretly laughing, immediately turned serious: "Uncle Feng, Xiao Yu did well on his mid-term exam. I've been supervising his studies."
"What's wrong with making money?" Feng Yu muttered under his breath.
"What did you say? Louder!"
"Nothing, Dad. I promise I won't start another company for you!" Feng Yu thought to himself, once I go back for the New Year and get my ID card, I'll start my own company!
"Good, that's the right attitude. Focus on your studies and aim for a good university. Money alone won't get you anywhere; people will still call you a bumpkin." Feng Xing Tai was very satisfied with Feng Yu's willingness to correct his mistake.
Then, Feng Xing Tai started talking about how well his grain processing plant was doing. The plant manager said that they would definitely get a big award at the end of the year and even appear on the farm's TV station, and possibly even the city's TV station to showcase his achievements.
Feng Yu listened patiently, occasionally chiming in with exclamations like "Ah!" "Really?" "Wow!" "Is that so?" which kept the red glow on Feng Xing Tai's face from fading.
Feng Yu's heart sank. It was over; he was about to be exposed.
Sure enough, Li Shi Qiang casually said, "He's in class."
Feng Yu immediately felt a wave of killing intent. He quickly ducked his head, avoiding his father's deadly palm.
"You little brat, skipping class again! You dare to run? I'll beat you to death! Xiao Li, stop him!"
After being disciplined for a while, Feng Yu sat on the sofa, looking dejected: "Dad, I have class tomorrow afternoon. How am I supposed to sit on a chair?"
"What do you mean afternoon? You should go to school in the morning, no, in the morning!"
"In the morning, we need to sign the contract with the machinery factory."
"I'll sign it with Xiao Li. You're not needed!"
"Dad, there are many traps in the contract. Do you know about them? Besides, the technical documents are still with me. If I don't go, they won't sign the contract with you. Don't worry, this is the last time. I promise I won't skip class again." Feng Yu added to himself, I won't let you catch me skipping class again.
The next morning at ten o'clock, Feng Yu and the others drove to the municipal government. Zhang Rui Qiang had somehow convinced the higher-ups, and they really agreed to the restructuring of the machinery factory in just three days. The Ice City Machinery Factory would be renamed the Ice City Machinery Co., Ltd., still primarily focused on producing agricultural machinery.
Sitting on the main stage in the meeting room, Feng Xing Tai felt as if there were nails in his seat, making him extremely uncomfortable. Beside him were all the leaders, including the factory manager, the party secretary, the director of the agricultural machinery bureau, the director of the enterprise reform office, and even a vice mayor.
That's a vice mayor, much higher than any farm manager. He had even shaken hands with him just now, and his palms were still sweating.
Feng Yu was carefully reading the contract, making several changes with a pen, and then handed it to Zhang Rui Qiang: "Mayor Zhang, these clauses must be changed. They are unreasonable, and we cannot accept them."
"What's the problem? Whoever has the most shares gets to decide."
"That's true, but you can't strip us of our right to speak. We must have the authority to supervise finances. Any transaction over ten thousand dollars must be authorized by our representative. This is a standard practice. Additionally, no matter how much capital is injected, our shareholding ratio cannot be reduced. Lastly, in the management team, we only need one representative, but for any proposal involving over one million dollars, we have a veto right!"
"Having to sign off on financial matters is too much trouble. As for the capital injection, if you contribute less, your share will naturally decrease. And the veto right is absurd; I've never heard of such a thing!" Li Ming De loudly rebutted.
"In a joint-stock company, finances must be supervised by us. It's just a formality, and all joint-stock companies do this. If you contribute more, we will naturally increase our investment accordingly. As for the veto right, it's the most important. Suppose you want to donate one million dollars to the city, and everyone else agrees. Do I have to agree?" Feng Yu said with a cold laugh.
There were still some issues in the contract that Feng Yu didn't change, already giving the city enough face. If these three points were not agreed upon, he would absolutely not let his father sign!~~~ Please recommend, if you have any questions about the book, please leave a comment in the review section. The book's introduction also has the group number for book friends, 520, 98, 468, everyone is welcome to join and harass!