YM778.TV Chapter 958 - Expanding the mining industry
Chapter 958 – Expanding the mining industry
“We can only rely on the customer on paying. When the customer made an order, they must leave their contact details and must leave their phone numbers for us to call them. At the start, there will surely be refunds, and we have to absorb the losses.”
“If that’s the case, it will be a strain on our finances, and we must also take precautions on our deliverymen from running away with the payments.”
“Yes, there will be a strain on our finances, but we have physical shops, and the cashflow is massive in Supermarkets.”
In Feng Yu’s previous life, physical shops and online shops had been discussed several times. No one dares to say which model is more successful, but the best operation model is to combine both.”
“Can this work?”
Feng Yu replied honestly. “Brother Ki, I am also trying to see if this would work, and I cannot guarantee it will be a 100% success. But I am at least 80% confident. If this operation model works, you will become Russia, or even East Europe’s biggest retailer and online shop. Your business will no longer be restricted to importation and wholesales.”
Kirilenko got excited from the word ‘biggest.’ No matter what industry, the biggest and no. 1, the profits will not be low, and he loves being no. 1.
“You are going to cooperate with me? How much are you going to invest?”
“The total investment is estimated to be over 3 billion USD. I will invest according to how many shares you are giving me.” Feng Yu felt this operating model has potential and does not mind suffering losses for the first two years. In the future, he will have endless profits from this business.
“I want the controlling share, and I will let you have 30% of the shares. I also need to get other partners for us to control the whole East Europe market!”
Feng Yu laughed. Kirilenko is also an ambitious man. Kirilenko thinks that he still has a mining company, and even if this investment fails, the losses are also from his profits in this crisis. He believed with Feng Yu will help him recoup his losses in other areas if this fails.
“Alright. I will prepare the funds and will get my men to write a detailed proposal for you. You can let your men go through it.”
In Feng Yu’s previous life, Russia’s biggest online shopping platform is set up in February next year. But that company started small and tried to imitate Amazon by selling books. Feng Yu believes that the company is no match for Kirilenko.
“After repaying my loans and this investment, I still have lots of funds. What do you think of my suggestion of setting up an Automobile factory I mentioned to you previously?”
Kirilenko felt that importing cars into Russia might be profitable, but if he can set up an automobile factory in China, it will be better. Most importantly, he will get a share in the factory.
In the past few years, Russia had been trying to attract foreign investors, and have implemented some subsidies.
“Brother Ki, I need to discuss this with the others about this. Although I am the biggest shareholder, I don’t have the final say in this. I will get back to you as soon as possible, as I also hope we can cooperate in this venture.”
The Chinese automobile industry is undergoing a boom now, and Songjiang Motors production will not meet the demand soon. Feng Yu does not want to be in a situation where demands exceed supply. If that happens, it will mean that he is not prepared!
Also, the motorcycle market is increasing. The demand for motorcycles had slowed down in the cities, but there was an increase in the villages. In China, there are many more villages than cities, and the demand for motorcycles will still be growing for many more years.
The sales of Songjiang 100, Songjiang 125, or Songjiang scooters had been increasing steadily and had secured the no. 1 spot. Songjiang Motors’ brand awareness is also no. 1 in China. Even the newest models Songjiang 150 and Songjiang Golden Bull (three-wheeled motorcycle), are extremely popular in the market.
Bing City Machinery Company has plans to expand their motorcycle production in the next two years, but have no intentions of expanding their automobile production lines. Their agriculture machinery production is also expanding, and Bing City Machinery Company does not have enough funds to expand all three productions at the same time. After all, the company’s profits over the years were reinvested into R&D, and they still need to give their shareholders dividends.
It might not be a bad choice if Bing City Machinery Company can use its brand value to invest in a new factory.
Feng Yu had wanted to set up a factory in Europe or the US and cooperate with Kirilenko to secure the Russian market. They had finally established a customer base in Russia and did not want European cars to snatch away their market share. Recently, there are rumors that Germany automobile brands will be entering the Russian market.
“What else should I invest? Continue to buy mines? Is the mining and mineral industry going to have a boom two years later?”
“The value of the mines you bought had increased a lot, right? In another two years, I promise the value will shoot up further, and we will increase our mining scale then. Buying mines is a good choice. Just use our mining company to acquire more mines, and I will inject a sum of money into the company. But there is no rush. We can slowly negotiate first, and it’s more worthwhile to buy them in the second half of next year.”
Soros will surely attack Russia next year and will suffer massive losses. The Russian Government is ruthless and doesn’t care about the International Economic Law.
Of course, Russia will also be affected, and Rubles will depreciate further. Russia’s economy will decline, and some mines will be let go at low prices.
Feng Yu and Kirilenko’s mining company acquiring those mines are better than those Americans. After all, they are a Russian company.
Feng Yu will help Russia to defend against Soros behind the curtains. If Feng Yu is going to oppose Soros openly, he will surely lose, as Russia’s foreign reserves are not as high as Hong Kong.
“Sure. We will both increase our investments into the company, and I will keep a lookout for mines, based on our previous requirements.”
“If you still have money, you can invest in the US stock market temporarily.”
“Alright. But when Soros attack Russia, you must help us, and not help him.”
“Don’t worry. Do you think I will attack Russia with our relationship? This time, we will teach Soros a lesson!”
During this period, Soros had been quiet, but he will not stop. The rest of the Southeast Asian countries still have not set up effective measures to protect their economies. Although the IMF had stepped in, it is still not enough. In another two months, Soros will return to ‘harvest’ those countries again.
Of course, Feng Yu will also do the same, but he will keep low. He does not want to be blacklisted by so many countries.
Feng Yu will wait for Soros in Russia and will let him suffer greater loss compared to Feng Yu’s previous life!
Feng Yu might have to pay more for his previous loans, but he doesn’t care. Anyway, Rubles had depreciated by several hundred times since he got those loans, and even if the outstanding loan amount is increased by ten times, it is nothing!
Three-wheeled motorcycle