YM778.TV Chapter 1016 - Shi Dazhu
Chapter 1016 – Shi Dazhu
Zhong Qingxian noticed Feng Yu was behaving weirdly these few days because Feng Yu had been working very hard tirelessly.
Feng Yu might not be lazy, but he has never been hardworking. He would rather spend money to hire people than manage his companies himself.
What happened? Did Feng Yu suffer from some blow? What had changed him?
“Manager Feng, are you feeling down these few days?”
Feng Yu paused for a second. “No. I am just helping you with your work.”
“Manager Feng, I had seen many people becoming workaholics when they are feeling down. Never mind. You should know the reason, and I shall not talk about it anymore.” Zhong Qingxian shook his head. “Oh, an old friend of mine had called me. He hopes you can help him.”
“Who is it? What help does he want?” Feng Yu asked.
“I think he wants to borrow money from you. Shi Dazhu, from Giant Group. His health supplements had been selling well in the past. Do you know him?”
Who? Shi Dazhu?
This guy is a legend from Feng Yu’s previous life!
Shi Dazhu was one of the top guys, but he fell from his throne and was almost bankrupted. After that, he picked himself up and climbed back to the top and become one of the top guys in the health supplement industry. He also secured his position on the billionaire list!
“I think I had met him once. Where is he now? I have time to meet him.” Feng Yu is curious. Why didn’t Shi Dazhu seek investment from Tai Hua Consultancy and want to borrow money from him?
“He is in Shanghai now. Do you want me to call him over now?”
“Sure. Ask him to come over.”
Shi Dazhu had thought of seeking investment from Tai Hua Consultancy. Still, after he knows about the conditions, he felt it was too restrictive, and Tai Hua Consultancy wanted too many shares.
Shi Dazhu hopes he can get a loan from Feng Yu and is willing to pay high interest for it. He firmly believes that he will succeed this time and will make a comeback!
The previous time Feng Yu met with Shi Dazhu was at CCTV, and it was just a few years ago. But now, Shi Dazhu looks haggard and old.
“Manager Feng, it’s been a while since we met.” Shi Dazhu shook Feng Yu’s hand.
“Hahaha… Manager Shi, it’s been a few years since we met. You are still looking good.”
“Manager Feng, let’s leave these pleasantries for later. Did Manager Zhong told you the reason why I want to meet you?”
Zhong Qingxian and Shi Dazhu were selling health supplements in the past. Lehaha’s earliest product is a children’s health supplement, and they were friends at that time. Their products were selling well, but Shi Dazhu was more successful than Zhong Qingxian. His annual profit is more than ten million, while Zhong Qingxian’s annual sales barely reach that amount.
But now, both men’s status is exchanged. But luckily for Shi Dazhu, Zhong Qingxian still treated him as a friend and helped to set up this meeting with Feng Yu.
“He did mention briefly, but I do not know the details. Since you need money, why didn’t you approach Tai Hua Consultancy? In China, Tai Hua Consultancy is offering the best deal for the investment.”
“Is Tai Hua Consultancy also your company? Although their offers and conditions are good, the amount I needed is too high. If I get Tai Hua Consultancy to invest that amount, the whole company will belong to you.”
“Oh? How much money do you need?”
“I need around 50 million USD!” Shi Dazhu put up five fingers.
Zhong Qianxian took in a deep breath. 50 million USD?! Shi Dazhu’s company is currently no different from bankruptcy and might not even have 500,000 USD. If he seeks investment from Tai Hua Consultancy, he will have to give up his company.
“You want to borrow money from me, and not seeking investment from me. How much interest can you give me? How can you prove that your company can repay this loan? You do not even have anything decent to use as collateral, or else, you would have approached the bank. Although the banks have tightened their regulations on loans, it is still not too strict.” Feng Yu smiled.
“That’s right. I don’t have anything that can be used as collateral, and that’s why I am seeking help from you. Please believe me. Once this product is launched into the market, I will get high profits, and I will return 100 million USD in five years!”
This interest is extremely high.
But Feng Yu shook his head. “It’s not that I don’t trust you, or I don’t want to earn the interest. Is your company still going to produce health supplements?”
“Yes. I had developed a new health supplement that is good for elderlies’ health. I believe this product will sell well in China, and I had thought of a marketing plan.”
Feng Yu smiled and said. “I also believe that your health supplement can sell well. Are you thinking of using aggressive advertising to push your product sales? How about this? I will forgo the interest and lend you 50 million USD. But I want 49% of your company’s shares.”
Zhong Qingxian is puzzled. Did Feng Yu believe Shi Dazhu’s product will be popular, and his company can make over 100 million USD within a few years?
Zhong Qingxian had also started his business by selling health supplements. Still, he cannot see the health supplement industry can make a comeback.
Feng Yu wanted 49% of the company’s shares, and this means Feng Yu does not want control over this company. Shi Dazhu will still have the final say in this company.
Shi Dazhu knows Zhong Qingxian, and he knew Feng Yu has shares in the latter’s company. Feng Yu is still the major shareholder but had given all his authority to Zhong Qingxiang.
“Manager Feng, do you have other conditions?”
“No. I will not interfere with the company’s operations and will even recommend my sales channels to you. You will return 50 million USD after five years without interest.”
“Why?” Shi Dazhu asked.
“Because I trust you. I believe this investment will bring me returns, and it’s worth exchanging the high interest for half of your company’s shares. But I have one suggestion. I don’t recommend you continue building your skyscraper after you got this sum of money. You can rebuild that building when you have enough funds in the future.”
“I know. If I didn’t…… never mind. Let’s not talk about this. Manager Feng, don’t you want to see my latest product?”
“No need.”
What else can this product be? It must be the famous Nao Bai Jin! This health supplement is sold as gifts, and the whole of China was crazy over it in Feng Yu’s previous life. Even until the day before Feng Yu’s rebirth, people were still giving each other Nao Bai Jin as gifts.
“Manager Feng, why do you have so much trust in me?”
“You don’t like to be trusted by others?” Feng Yu asked Shi Dazhu.
“Alright. I promise you that I will not let you suffer any losses, and I might not need five years to return 50 million USD.”
“I will wait for your good news then. Call this number, and someone will prepare a contract based on what we agreed, and the funds will be wired to you.” Feng Yu gave Sun Lijie’s number to Shi Dazhu.
In the future, this 50 million USD will become 500 million or even more!
Translator’s notes: Shi Yuzhu had started his business by selling health products and entered the online game business and invested in banks later on.
Shi Yuzhu