Chapter 570: 570
Fu Guangzheng had asked for help with his uncles . He made use of their connections to buy some restaurants . His eldest and second uncles had properties in Taiwan, Malaysia, and many other regions . His third uncle also had supermarkets there . Fu Guangzheng and his father also had sales channels in those places .
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This was an easy task for the whole Fu Family . When they combined their strengths, they were more influential than the Li Family . Of course, Fu Guangzheng also had to let them have some of the benefits . He can’t be expecting the whole Fu Family to help him for free .
Fu Guangzheng will transfer his shares of some Hong Kong companies to his cousins . The shares were not worth a lot, but it was a token of appreciation for his uncles’ help . He did not give anything to his elder brother . His father will pass on all his fortune to his elder brother, and there was no reason for his elder brother to ask him for shares or money .
Fu Guangzheng was meeting up with Feng Yu to discuss the number of restaurants they were buying and how will they split the shares .
Feng Yu had said that he had paid a heavy price to invest in Quanjude and he wants the more significant share of these restaurants . Of course, he will also be spending more money .
Fu Guangzheng does not mind . It was not as if he owns these restaurants, he could invest in Quanjude . Also, he still wants to maintain a good relationship with Feng Yu .
If Fu Guangzheng intercepted Feng Yu after hearing his plans and went ahead to invest in Quanjude alone, Feng Yu would be pissed . The last time Feng Yu got pissed, Fu Guangzheng’s father suffered massive losses . Being friends with Feng Yu was better, as Feng Yu would include him in for investment opportunities .
Just the recent Gold Futures trade . Gold prices had increased to 391 USD after hovering at 380 USD for a few days .
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His uncles had sold some of their futures contracts at 385 USD . As the prices continued to rise, they slowly sell off their gold . But the highest amount they sold was at 387 USD .
Fu Guangzheng’s father was the only one who sold off his gold contracts at 390 USD . The percentage of his returns was the highest .
The past 1 month, Fu Guangzheng’s father had increased his returns by several times . If he were able to do this once a year, he would not do anything else!
Of course, Fu Guangzheng’s father knew that this was a rare opportunity . Feng Yu had also said that the gold prices will fluctuate aggressively after 1994 . Even his own company will avoid trading in Gold Futures .
Fu Guangzheng’s rule of thumb now was to follow Feng Yu in everything he does!
After the discussions, Feng Yu and Fu Guangzheng settled the shares proportion at 3:7 . Feng Yu will come out with 70% of the money and Fu Guangzheng 30% . After they had successfully invested in Quanjude Company, Feng Yu would not care if Fu Guangzheng was able to obtain more of the company’s shares .
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Feng Yu did not ask Fu Guangzheng about the price for asking his family to help him buy over those restaurants . Feng Yu did not ask, and Fu Guangzheng also did not tell him . Fu Guangzheng had to make some contributions on his part for getting this opportunity from Feng Yu .
In the past, Feng Yu had asked Fu Guangzheng along in his investments in other companies, was because Fu Guangzheng will send his people to manage those companies . Now it was also the same . Feng Yu needs the Fu Family’s connections . If it were for money, Feng Yu would not look for him . Feng Yu does not lack money .
Fu Guangzheng did not care about the rest of the work . He returned to China to focus on Tai Hua Supermarket Enterprise . The task of buying restaurants was handled over to the rest of the Fu Family members .
3 days later, Fu Rongqi purchased a restaurant . He successfully bought a restaurant in Central, Hong Kong . This was a Shandong cuisine restaurant . It was not extremely popular, but it was located in a good location . Most importantly, this restaurant was big, and the area had high traffic .
Many people do not understand why Fu Rongqi bought this restaurant . They heard that he had paid a high price for this restaurant . They estimate that Fu Rongqi will take more than 5 years to get back his investment . Although this restaurant will not make any losses, the rate of return was too low . This was not in line with Fu Rongqi’s usual practice .
Who was Fu Rongqi? Hong Kong’s top investor in the financial market . Over the past few years, he had made his fortune from the financial market . Why did he buy a restaurant suddenly?
Some tabloids start to make up stories . They reported that Fu Rongqi had dined at that restaurant and had an argument with the restaurant manager . In a fit of anger, he bought the restaurant and fired that manager!
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Buying a restaurant just to sack a manager? People love to read these rumors .
But before this news was settled, another newspaper reported that Fu Rongqu had bought a restaurant in Macau . The restaurant was located opposite the most popular Casino there . This was a Cantonese restaurant .
Everybody was puzzled . Fu Rongqu should not also have some conflicts with the manager of another restaurant . The Fu Family have issues with all restaurant managers?
But people remembered that Fu Rongqu was into properties . He must have bought that restaurant for investment .
But there were others that do not believe this purchase was for investment . This was a good location, but Fu Rongqu did not rent out this restaurant . Could it be that he wants to run a restaurant himself?
The Fu Family brothers had gone crazy, or was the Fu Family entering the F&B business? Even if they were going into the F&B business, they do not need to use high prices to buy out other people’s restaurants .
Fu Rongqi and Fu Rongqu had gone crazy?
But before they finish talking about this news, someone said that Fu Rongbing was negotiating to take over a restaurant located in Taiwan . The negotiations were almost completed .
Everyone was confused . Even the third brother of the Fu Family was going into the restaurant business? What happened to the Fu Family? Did they suffer from a curse or something? A curse that will kill them if they do not set up a restaurant?
People’s attention turned to the youngest brother of the Fu Family, Fu Rongjing . People wanted to know if the youngest brother of the Fu Family was also going to set up a restaurant .
In the end, they found out that Fu Rongjing had gone to Malaysia . Fu Rongqi and Fu Rongqu’s sons had gone to Singapore .
Why were they heading to other countries? To buy restaurants!
Even if the Fu Family were to enter the F&B industry, they should start from small . No one would buy restaurants like them . Some people knew that the Fu Family had made some money from Gold future, but this was not the right way to spend their money .
Even the other Tycoons does not understand what the Fu family were up to, let alone those commoners . All of them had the same thing in their minds . Which is…… The whole Fu Family had gone crazy!