Chapter 124: Repair the House Before it Rains
Seeing that he was awake, Fu Yansheng automatically reached out a hand and ruffled his hair. He then leaned over to kiss his temple.
The affair last night obviously allowed this man to enjoy himself to the fullest. Qi Yu begging for mercy had almost completely dissipated this man’s jealousy.
“Can you get up? What do you want to eat?” Fu Yansheng asked softly.
Qi Yu was still a little angry. He pushed Fu Yansheng’s hand away and forced himself out of bed.
He went to the bathroom to take a shower and when he came out, he saw that Fu Yansheng had already changed clothes. The two went downstairs to have brunch together. Once they were seated, Qi Yu said, “I’m going out in a while.”
Fu Yansheng: “Where are you going?”
Qi Yu: “To Mei Wei. Chief Fei called me to open a temporary board of directors. He’s going to report on the company’s situation during these past six months.”
He was now one of Mei Wei’s shareholders. Although he didn’t work there anymore, he could no longer be like a rich second generation ancestor who didn’t even ask after the state of the company.
Fu Yansheng nodded when he heard his answer. “Perfect timing. I also want to go out to meet with a friend.”
Qi Yu asked automatically, “Who?”
Fu Yansheng said calmly, “You know him. President Jiang from Zhuo Shi Investigation.”
Qi Yu recognized him as the representative in his first chat partner contract he signed with Fu Yansheng. When he investigated Mei Wei’s garment factory, Fu Yansheng also called President Jiang to find people for him. Afterwards, he heard from his dad that the person who founded this investigation company was Fu Yansheng’s senior in college. He supposed that the two had a very good relationship.
But ever since Qi Yu began to speculate about Fu Yansheng’s true origins, the other party’s entire network of contact have been cast in doubt. Qi Yu kept thinking that this Jiang Xiao was also related to those “higher-ups”.
He didn’t want to reveal his thoughts though, so he didn’t ask any further. Since the two of them had already informed the other of where they were going, after the meal, they each went their own way.
When he arrived at Mei Wei, Qi Yu saw Chief Fei and he asked, “Is everyone here?”
Chief Fei said, “Everyone’s here. They’re waiting in the conference room.”
Qi Yu followed Chief Fei into the conference room. He saw that there were two middle-aged people sitting inside, a man and a woman. When they saw Qi Yu, they got up one after another.
After exchanging greetings, Qi Yu motioned for them to sit down again.
One of the two, the middle-aged man, wearing black-rimmed glasses, pushed a stack of thick documents and a USB flash drive to Qi Yu. Respectfully, he said, “Chief Qi, this has the financial statements of the Si Yuan Group and all its companies during the past five years. All documentation of major decision are also included.”
This person was Dong Min, the secretary of the Si Yuan Group’s board of directors. Before returning to China this time, Qi Yu had asked, through his father, for the other party to prepare these documents for him. He also got him to agree to an appointment here in the name of “Mei Wei’s Interim Board of Directors”. Qi Yu intend to gain an in-depth understanding of the current situation of the group.
Qi Yu flipped through the documents but only took the USB flash drive. He pushed back the stack of documents. “I don’t find paper documents to be very convenient, so the electronic version will do.”
Dong Min nodded and said, “Director Qi has already explained. If you have anything you need to know, just let us know.”
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The middle-aged woman next to Dong Min was the auditor of the Group’s finance department. She briefly presented, “From August last year to now, the Group has had two major incidents. One is the scandal involving the creation of an imitation store by one of Mei Wei’s own executives. The other is the withdrawal of the Si Yuan Group’s US shareholder, Tiger Fund. These two events have caused Si Yuan’s stock value in the NSDK to drop. So overall, the group’s capital situation is relatively more strained compared to the previous two years.”
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Mei Wei has always been the largest contributor to the Si Yuan Group’s profits. The impact of last year’s incident was obviously much more serious than Qi Yu imagined.
Qi Yu frowned and asked them, “If another shareholders of the group withdraws their capital contribution in the near future, say perhaps, if another shareholder runs into an incident, causing the share price of the Si Yuan Group to drop again, will it cause any crisis to us?”
Dong Min wondered, “An incident?”
Qi Yu: “Just supposing.”
Dong Min muttered to himself, “Except for Mei Wei, Snow Lotus and Lovme Jewelry, most of Si Yuan Group’s other companies are supported by the Group and by bank loans. This includes Blooming Lotus Technology, which is currently vigorously expanding… If something happens, we may first be faced with the problem of the bank withdrawing their funding. If the stream of funding is cut off, a lot of projects will have to be suspended. The Group may fall into a capital crisis and we may be subject to external mergers and acquisitions, which will lead to changes in the shareholding structure…”
When Qi Yu heard this, he was shocked.
But Dong Min comforted him again and said, “However, the equity structure of the Si Yuan Group has been stable for many years. Tiger Fund cashed out last year mainly for political reasons. As long as your father and Si Holdings, these two major shareholders remain stable, this kind of situation that you brought up is unlikely to happen.”
Qi Yu said to himself, maybe it’s Si Holdings who might have an incident?
However, he didn’t say anything to Dong Min. He then asked them about the operations of the Group and of Mei Wei. Afterwards, he returned to the hotel with the USB flash drive.
While Fu Yansheng was still out, Qi Yu imported the files in the USB flash drive into is computer. He set up encrypted browsing and studied them intently.
In addition to Mei Wei, the Si Yuan Group had two major profitable companies, namely Snow Lotus Beauty and Lovme Jewelry. They also had six back-end support companies that dealt in design, culture creation and biochemical technology among other things. And to top it off, they had one investment company.
But Qi Yu already knew that Shanyu Investment was only nominally owned by the Si Yuan Group. Most of the profits from its investments flowed into Qi Yuancheng and his own pockets.
Wait a minute……
Qi Yu suddenly remembered that Fu Yansheng had asked him before in Pascal City how much funds he could use from Shanyu Investment…
Could it be that Fu Yansheng was reminding him repair the house before it rains! ?
Qi Yu took a quick look at the Si Yuan Group’s latest financial report…
At the beginning, when his father told him that he could use Shanyu’s 600 million funds. he thought it was a lot. But now, he found that this 600 million was only a drop in the bucket compared to the Si Yuan Group, which has a market value of over a billion US dollars in the NSDK.
If the sort of thing he expects to happen really does happen, what could this 600 million do?
Qi Yu raised his head, his heart filled with great unease.
He didn’t know when this mine would explode and he didn’t know if Fu Yansheng would be by his side to help him when that time comes.
Based on the time when Song Puxin came to Si Ze, these people have been lurking in Si Holdings and its related partners for a long time. Fu Yansheng even started to approach him purposefully two years ago. However, they haven’t made any moves so far. Song Puxin even got into the sorry situation of being forced to be Si Ze’s bed partner…Why? Were they lacking key evidence? Or were they waiting for some opportune moment?
At this moment, Qi Yu’s cell phone rang.
Qi Yu saw that it was Tang Weiye’s second brother, Tang Weichong and he put the call through. “Hello?”
Tang Weichong: “Qi Yu, are you busy? Do you have time tonight, gege will take you out racing.”
Qi Yu: “Didn’t we just get together last night?”
Tang Weichong: “Oh, you have to schedule fun on the first and the fifteenth? If you want to go out, just go out. Besides, wasn’t there an incident last night. Everyone didn’t really get to enjoy themselves fully. Us buddies are putting together another activity. We’re going to get Chief Si to come out and relax together. Young Master Rong and Wang Sheng are coming too. You come too.”
When Qi Yu heard the name “Wang Sheng”, he remembered the Bank President Wang that Tang Weiye mentioned. This Wang Sheng was his eldest son.
He hadn’t seen Wang Sheng at the party last night. He was very curious about the relationship between this person and Si Ze and others. Qi Yu was tempted and he agreed, “Okay, where is it?”
Tang Weichong: “Give me an address and I’ll drive by to pick you up later.”
Qi Yu gave him the name and location of the hotel. After a while, he received a message from Tang Weichong: “Remember to change into clothes that are convenient to move in and also call that little beauty you saw last night. We might be staying overnight.”
Qi Yu: “…”
They’re even staying overnight?
Staying overnight was out of the question, but in order to integrate into that circle as soon as possible, he still needed to go through the motions.
Qi Yu hesitated for a moment. He first sent a message to Xia Han, asking her to come to the hotel in advance. He then sent a message to Fu Yansheng, informing him that he was going out that night.
Fu Yansheng immediately called him back. “Where are you going?”
Qi Yu told him the truth, Fu Yansheng was silent for a moment and asked, “You still have the energy to go partying?”
Qi Yu’s face flushed. He gritted his teeth and said, “Teacher Fu, I’m only twenty-two. Don’t underestimate the energy of young people.”
After hearing this, Fu Yansheng was silent for a while, but this time he didn’t try to stop him. “Where’s this race going to be? Are you going to participate?”
Qi Yu said, “I don’t know yet. I’ll probably just spectate. I don’t think I’ll drive myself.”
Fu Yansheng sighed lightly, “It’s up to you. Since you’re going out tonight, I won’t go back to eat with you. I’ll chat with President Jiang for a while. I’ll go to your racing venue to find you later, remember to send me your location. .”
Qi Yu gave a vague “en” and then hung up the phone to change clothes. But when he got up, his waist felt sore and Qi Yu subconsciously stretched out a hand to massage his waist.
…Fuck, it seemed he really needed to increase his strength training in the future!
Tang Weichong came to pick him up at seven o’clock in the evening. Fu Yansheng hadn’t come back by then but Xia Han listened to Qi Yu’s instructions and took a taxi to the hotel earlier on.
Tang Weichong drove a four-seater sports car. His female companion from last night was in the passenger seat. Qi Yu and Xia Han got into the back seat. Tang Weichong said “sit right” and stepped on the accelerator, the sports car roared and drove towards the northern suburbs of Haicheng.
On the way to the venue, Tang Weichong introduced the racing track to them. It turned out that the Tang family had invested and built this place. There was a connected golf course and a mountain-view club nearby.
After driving for more than an hour, they reached the parking lot outside the venue which was already filled with more than ten luxury cars, all with their engines and headlights on, illuminating the entrance like a concert scene.
Beautiful girls posed beside the cars to take selfies. The wealthy car owners watched them as they smoked and laughed. It was a scene of extravagant and wasteful debauchery.
Qi Yu wasn’t really fond of this kind of scene but for his own purposes, he still managed to socialize with everyone in a spirited way.
When Rong Ke saw Xia Han next to him, he whistled towards them. Today, Li Xinxin was away and he had an unfamiliar female companion beside him.
Qi Yu walked over and asked, “Where’s Si Ze?”
“He should be here soon. Lin Dong went to pick him up.” Rong Ke smiled and shook his head, “In his current state, he probably can’t drive.”
Speak of the devil — as the two were chatting, a black Porsche 911 came sailing into the parking lot. A sudden brake brought it to a stop in front of them. The front of the car almost rubbed against Rong Ke’s legs.
“This f*cking–!” Rong Ke cursed and jumped back, “What how you drive!”
Through the window glass, Qi Yu saw Si Ze sitting in the driver’s seat with a heavy expression on his face, radiating hostility all over.
————
【Little Theater】
Qi Yu: Don’t underestimate the energy of young people.
Fu Yansheng: Okay, wait until tonight. We’ll go another round 🙂
Qi Yu: …
————
- Guess what Teacher Fu and Jiang Xiao are doing (*￣︶￣)
I’m guessing Teacher Fu and Jiang Xiao are having a “Top-secret Strategic Meeting” on how to ‘deal’ with the very problem Qi Yu was thinking of! Or just deliberating on how to save Ah Xin. Either way, both seemed important!
Also, Qi Yu is just begging to be rolled around and bathed in Teacher Fu’s vinegar lately, eh? Hehehehehehe
Thank you for the chapter..
thanks for the chapter!
Is Jiang Xiao ‘Logarithm’Thanks for the chapter <333
Drafting Xinxin rescue plan obviously 🥺?