Extraordinary Genius Chapter 254 – The Fu family Apologized?

Feng Yu was curious about why Fu Guangzheng came to Bing City to look for him.

The Rubles should depreciate further now, and even if Fu Rongjing did not fall for his trap, the Fu family should know that Feng Yu was trying to trick him. Feng Yu was still waiting for the Fu family to get back at him and he was prepared to fall out with them.

Could it be that Fu Guangzheng wanted to question him about what he had done? There was only this possibility!

……

“Brother Feng, why didn’t you contact me for so long?” Fu Guangzheng greeted Feng Yu warmly when they met.

“What’s there to contact?” Feng Yu asked.

Fu Guangzheng smiled. He remembered his eldest uncle’s instruction to not mention anything about his father losing a large sum of money.

“Oh right, Brother Feng, I have good news for you. You always wanted to buy Aiwa shares, right? My father had told my brother, and we decided to sell you the Aiwa shares. 26% and the market value is about 2.8 million USD. How about we sell these shares to you at 3 million USD?”

What?

Feng Yu’s jaws dropped. He had asked the Fu family for the shares and even offered 5 million USD, but they refuse to sell. Did they eat the wrong medicine? They were willing to sell the shares at 3 million USD?

Could it be that Aiwa Co. ran into some problems and the Fu family knew about it in advance and wanted to offload this baggage? Or, the history had changed because of him? Was it because of Sony?

“Brother Fu, why did your father suddenly decided to sell me the Aiwa shares?” Feng Yu asked suspiciously.

“Don’t you want the shares? My father had a change of mind because he knew that you wanted the shares badly. Are you telling me that you do not want the shares now?”

“Of course not. I want those shares.” Feng Yu hesitated for a while before he replied. He felt that he should buy those shares so he could have full control of Aiwa.

Even if he lost this investment, it was only about 7 million USD. He could afford the losses. The most important thing about Aiwa was the R&D engineers there. As long as these engineers remained at Aiwa, Feng Yu would not lose his investment. Those were the most brilliant engineers in the industry.

Fu Guangzheng pa.s.sed a doc.u.ment with his father’s signature to Feng Yu: “This is the contract. Please go through to see if there are any problems.”

Feng Yu took the contract from Fu Guangzheng and read carefully. There were only a few terms in the contract, and there was no need for any amendments. Fu Rongjing had already signed on it.

Humph! Didn’t you tell me that you had transferred the shares to Fu Guangzheng’s brother? Why were the shares still under your name?

Of course, Feng Yu would not pursue this matter now. He signed the contract and left his thumbprint on it. He kept the original copy.

“Brother Fu, I will call HSBC bank now to transfer the funds to your father.”

Until Fu Guangzheng received a call to inform him about the fund transfer was successful, he did not mention a word about the Rubles. Feng Yu was puzzled. Fu Rongjing did not buy Rubles?

“Brother Fu, did you father monitor the Rubles recently?” Feng Yu asked.

Fu Guangzheng replied the way Fu Rongqi instructed him: “I am not sure about it. But recently, my father is in a bad mood.”

Bad mood? That means he had bought Rubles and had lost money because of the depreciation. But Feng Yu does not know how much he had lost. From Fu Guangzheng’s tone, the amount lost should not be a small amount.

But since Fu Rongjing had lost money, why did he still sell me Aiwa shares? Feng Yu could not understand what the Fu family wanted.

Fu Guangzheng not only sold Aiwa shares to him and still talked about the humidifiers and bladeless fans’ overseas sales. He even told Feng Yu that his father had set up the distribution channels in Southeast Asia for Aiwa Walkman and intends to let Feng Yu handle the sales for the China market.

Feng Yu was getting more confused. All these seem to be benefiting him. Could it be that the Fu family were apologizing to him? These seem too sincere, and it was not the what the Hong Kong influential families would do.

Feng Yu remembered an article about Hong Kong’s Fu family in his past life. It states that other than the eldest brother had a good reputation, the other brothers did not have good reputations. Fu Rongjing should not be treating Feng Yu this way after being tricked by him.

Wait. Could it be the eldest brother of the Fu family asked Fu Guangzheng to do this? The head of the Fu family should be the eldest brother.

“Brother Fu, did father asked you to come here or someone else?”

Fu Guangzheng thought, you finally asked this question: “It was my eldest uncle’s decision.”

It was really him!

In Feng Yu past life, the papers had reported various versions of Fu Rongqi. Some said that Fu Rongqi was very particular when it comes to business and all his business partners had never lost money. However, there were some that said that Fu Rongqi was ruthless and would take over his partners’ company. But later, people found out that it was because his partners had tried to cheat him, and he retaliated.

This means that Fu Rongqi knew what had happened and knew that the Fu family had done Feng Yu wrong. That’s why he sold the shares back to Feng Yu. Now, the ball is in Feng Yu’s court, and it will depend on Feng Yu’s att.i.tude. Does he want to continue to be friends or enemies?

Interesting. Carrot and stick. He gave Feng Yu a carrot first and depending on Feng Yu’s att.i.tude, he would decide whether to give Feng Yu the stick!

Since the Fu family was willing to apologize, then Feng Yu also do not want to fall out with this partner. After all, the Fu family were really good at retail business. If Feng Yu change to another partner, it will not be beneficial to Wind and Rain brand. Fine, then he should let the Fu family recover some of his losses.

Feng Yu did not want to fall out with the Fu family now was also because he did not have enough a.s.sets and connections. But Feng Yu believed that within two years, he would be on par with the Fu family and would exceed the Fu family within 5 years!

Feng Yu thought for a while and asked: “Brother Fu, does your father invest in gold? London Gold?”

“London Gold?” Fu Guangzheng was still guarded against Feng Yu. Feng Yu’s expression was the same when he tricked him about Rubles. He had done everything his eldest uncle instructed him, and this Feng Yu was still trying to trick him?

“That’s right. The last time I was in Hong Kong, I traded some gold futures, and I had used some leverage. But I made quite a sum.”

Feng Yu’s investments in London Gold contract were all settled, and all the profits were in his account. Although he was conservative with his investment and had used low leverage, he made over 100 million USD.

For the financial market, the more the investment, the more the profits and the risk will be lower.

Feng Yu had gone to the bank yesterday, and the gold prices had started to fall. It had dropped to 377 USD/Ounce. Based on his a.n.a.lysis, there should be some price movements at the end of the year, and the gold prices will rise to more than 385 USD/Ounce.

But this will also be the highest price of gold in recent years. After year end, some US capitalists will raise a large fund and start to short gold on the black market with 500 times leverage. Gold prices will start to fall drastically.

If now, one start to invest in London gold, he could make some profits, and after year end, shorting gold prices will result in more profits.

Feng Yu continued: “Brother Fu, I had a.n.a.lyzed the market. To maintain their economy and the value of Rubles, the Soviet Union will try to increase gold prices. After all, they are the world’s biggest exporter of gold. I cannot promise you that the gold prices will rise too high, but these few days, gold prices will start to rise and will reach 385 USD. The lowest will at least be 380USD. But from January next year, gold prices will fall to lower than 355USD!”

385, 355, the difference was 30USD. If what Feng Yu said was true, then the Fu family can make lots of profits.

“Brother Feng, you also intend to invest?” Fu Guangzheng asked cautiously.

“Of course. I will make a trip to Hong Kong during the October holidays. We can go together.” Feng Yu smiled.

Fu Guangzheng was relieved. He had completed the task given to him by his eldest uncle.