Extraordinary Genius Chapter 966 - Joint-venture

Chapter 966 – Joint-venture

Feng Yu returned to his hotel after leaving university. He needs to think of a foolproof plan to get Zhou Kexin to go for her checkup. If all else fails, he can only trick her!
After eating something, Li Mingde entered.
“Manager Feng, the meeting is over, and there is a flight to Bing City this evening. Do you want to return together?”
“Didn’t I tell you to take a break here for a few days? You seldom take vacations and breaks.”
“Never mind. I am worried about the company. Furthermore, I don’t like those people. Other than drinking and playing Mahjong, there is nothing to do here during winter. It’s too cold here!” Li Mingde is not used to the climate in Shanghai and felt more comfortable in Bing City.
“You should take a break this year. The company had given you days off annually, but you had never used them. If you don’t take breaks, your men will not dare to go on vacation. Once this joint-venture proposal is over, you will go on a vacation with your wife. Go and have a holiday at some island resort for at least two weeks, and I will remain in Bing City. With me around, everything will be fine in the company!”
What’s the point of giving the staff days off if everyone doesn’t take days off because of Li Mingde? Yes, the days off can be exchanged for cash, but the staff in Bing City Machinery Company does not lack money. They will not care about this small amount of reimbursement.
“Alright. I had always wanted to visit the Southern Provinces. I heard this is the best season to visit there. When everything is over, I will bring my family out for a vacation.” Li Mingde laughed.
They packed their luggage and boarded the evening flight back to Bing City.
After touch down, Feng Yu and Li Mingde did not return home. Instead, they went to Bing City Machinery Company, as all the top management are waiting for Li Mingde.
They are still discussing the Joint-venture proposals can couldn’t decide which to use. Every proposal has its pros and cons.
“Manager Feng, Manager Li.” Li Dafu was the first to see Feng Yu and Li Mingde and stood up to greet them. The rest of the staff also stood up to greet them, but all of them greeted Li Mingde first.
Everyone in the meeting room knows Feng Yu is the company’s main shareholder. However, Li Mingde still commands more respect in the company.
There are two seats left in the room, and Li Mingde sat on the seat beside the head of the table.
Feng Yu sat at the head of the table and knocked on the table. “Let’s start the meeting. Li Dafu, tell me about the current situation.”
Li Dafu explained their current progress and the three proposals. “We cannot decide which proposal to use and couldn’t get any conclusions even through voting. That’s why we need you all to make the decision.”
“Old Li, what’re your views on this?” Feng Yu looked at Li Mingde.
“Manager Feng, you are the one who set up this joint-venture and should have a proposal in mind. You are better when it comes to joint-venture, and you are the company’s main shareholder. You should be the one deciding.” Li Mingde laughed as he replied. At the same time, he is telling the rest that it is Feng Yu, who gotten this deal and reminded them that he is the major shareholder. They must not offend him!
Li Mingde looked at the Deputy General Manager overseeing Agricultural Machinery and thought. “You must learn from Li Dafu. He was formerly a boss, and look at his attitude towards Feng Yu. If Manager Feng decided to support him in the future, you would remain in your current position until you retire.”
“I had only suggested this joint-venture, and still need all of you to come up with a proposal. Old Hu, does the City Government have anything to say about this?”
“The City supports this joint-venture and can accept all three proposals. The company can decide on the proposal.”
Feng Yu nodded. If the City Government can accept any of the three proposals, it will be easier to make a decision.
“Old Li, tell us your views. You are the company’s General Manager and is familiar with the company’s operations. You should make a decision.” Feng Yu looked at Li Mingde again.
Li Mingde can tell Feng Yu is interested to hear his views and smiled. “I think we can have a fourth proposal.”
Everyone in the room was stunned. We can’t even decide with three proposals, and you are proposing a fourth one?!
Feng Yu looked at Li Mingde. “Fourth proposal? Tell us about it.”
“The previous three proposals have pros and cons. Why don’t we combine the pros of those three proposals? Firstly, the other party is interested in our Oriental Deer model most, and we can sell this model to them for shares. After that, we can authorize them to use our latest technologies for a fee. It is the same for the rest of the car models. If we use this proposal, we can get more than 50% of this joint venture company!”
Feng Yu raised his brows. This is a good proposal, but it will not be easy to persuade the other party.
Kirilenko is not a fool. This proposal will lower his profits, and he might not agree with it.
Kirilenko is interested in all Songjiang Motors car models and is willing to compensate Bing City Machinery Company more money. It would be better if he can get the free upgrade of the technologies.
Kirilenko might not be willing to accept this proposal if he must pay authorization fees to use the upgraded technologies in the future.
Li Dafu frowned and said. “Manager Li, your suggestion is good, but will the other party accept these terms?”
“We must negotiate with them first. We will benefit if they accept it, but even if we are rejected, we will also know what they want, and adjust our terms accordingly.” Li Mingde said cunningly.
The rest of the top management staff looked at each other and nodded. They will use this proposal to negotiate with the other party first and see where their limit is. It will be terrific if this proposal gets through!
“Manager Feng, you are familiar with that Russian… Ki… Kirilenko, right? Do you think he will accept this proposal?” Li Mingde looked at Feng Yu.
“I don’t know. But I will not participate in this negotiation. Tai Hua Trading has lots of cooperation with Kirilenko, and there is a conflict of interest. I will wish all of you success in this negotiation!”
The top management staff is not worried Feng Yu would be bribed by Kirilenko and leaked the company’s proposal to him. After all, Feng Yu is the main shareholder of the company. If this negotiation fails, he will suffer the most losses.
Li Mingde appointed three Deputy General Managers to be part of his negotiation team. Over the years, Li Mingde had experienced many business negotiations. With Li Dafu in the team, they stand a good chance.
The company’s success will have to depend on the result of this negation!