My autobiography is definitely not a tragedy!
Chapter 599 - 387: To Have a Son Like Hu Yifei

Chapter 599: Chapter 387: To Have a Son Like Hu Yifei

"Thank you... me?"

Hu Yonghua was gripped tightly by the hands of Mr. Feng, instantly a question mark popped in his mind.

Thank me for what?

Is it for my helplessness, or for my futile efforts?

Are you sure this isn’t sarcasm?

Hong Tianfang and the others were also a bit stunned by this scene. How come this isn’t quite the scenario they had imagined?

"Ahem! Mr. Feng, let’s discuss this in my office," Hu Yonghua suggested, seeking a private conversation with Mr. Feng.

However, seeing Hong Tianfang waving his hand,

"Hey! The situation at Bin City Shipyard has always been of great concern to the city. It’s good for everyone to hear this."

"This..."

This is clearly hoping to see me embarrassed in public, isn’t it?

"Yes, yes, yes! It’s a great opportunity since all the leaders are present. I came here specifically to report some good news!" Feng Liang said, his face beaming with joy.

Hong Tianfang heard this and slightly furrowed his brows.

The posting of Hu Yonghua to Bin City Shipyard was meant to be a show of power by him.

Could it be that Hu Yonghua had managed to find a solution in this seemingly dead-end situation?

Seeing Feng Liang’s radiant smile, which did not seem forced, Hu Yonghua had a thought.

"Mr. Feng, has there been some good news from the law firm?"

Zhongtian Law Firm was the one Hu Yonghua had introduced to Bin City Shipyard through his connections.

Yet, just two days ago, Director Zheng from the law firm had called him, informing him that solving Bin City Shipyard’s issues on the legal front was practically hopeless.

Could there have been a turnaround?

"Indeed! I had almost lost hope when I heard we couldn’t win the lawsuit. I never expected that you, Mayor Hu, had already prepared a backup plan, and now our shipyard is saved!"

"Uh..."

A backup plan?

Did I... prepare one?

"On behalf of the thousands of employees at the factory, I thank you, Mayor Hu, I thank President Hu!" Mr. Feng said, once again gripping Hu Yonghua’s hand in a flurry of gratitude.

"President Hu?"

"Yes! The respected son, President Hu Yifei!"

What?

Hu Yonghua was stunned.

Hong Tianfang and everyone else were stunned as well.

They were discussing the shipyard, how did it shift to his son?

Seeing everyone’s confused expressions, Feng Liang immediately explained the situation, his face still filled with joy.

"After several consultations, we have tentatively outlined our intention to cooperate.

President Hu, along with several investors forming the ’Baiyeji Group’, will invest 3 billion Yuan. We, from Bin City Shipyard, will use the right of first refusal to buy the 49% stake in the shipyard owned by Shengmao Investment.

Once the acquisition is complete, they will invest another 3 billion Yuan to take over the 8 giant oil tankers that were canceled in our factory!

Just obtaining this fund will revive the entire factory!"

"Hiss~"

The crowd took in a sharp breath of air.

billion + 3 billion... that’s a total of 6 billion Yuan!

Other than banks, there are probably only a few companies in Su City capable of pulling out such a large amount of cash?

What is this ’Baiyeji Group’ doing exactly, and why haven’t we heard about it before?

Is it a company from outside the area?

Bin City Shipyard is one of the large joint ventures in Su City.

After facing difficulties, they had also held several meetings to discuss the current troubling situation of the shipyard, which everyone was keenly aware of.

Not to mention that they were indebted to the bank and suppliers for over two billion Yuan, but they also faced lawsuits and might even have to pay up to 600 million Yuan in deposits to the ship king of Norway.

Altogether, that’s a hole close to 3 billion Yuan!

Whoever saw it in the city administrative circles felt their scalp tingle, kicking around this hot potato like a soccer ball until it landed on Hu Yonghua’s head.

Although the 8 nearly completed giant oil tankers were still worth some money, being unfinished and designed for specific needs, they were not of a conventional type, reducing their market acceptance and making them difficult to sell.

Bin City Shipyard had previously considered self-rescue, however, the original 6 billion Yuan worth of orders, dramatically cut down in price to 3 billion, didn’t draw any interested parties.

The current tanker market was stagnant. A large number of half-finished or nearly new tankers damaged by canceled orders were in line awaiting buyers.

Unsellable, they were just piles of scrap metal stored in the warehouse.

The longer time went on, the more these 8 tankers would depreciate, continually dropping in value.

The city was powerless, banks were unwilling to throw money into this bottomless pit, and even another major shareholder, Shengmao Investment, seeing the dire situation, wanted to sell their shares to cut losses as soon as possible.

The entire shipyard could be said to have reached the end of its tether!

However, under these circumstances, there suddenly appeared a white-knight investor?

To spend 3 billion Yuan to buy that 49% of foreign shares, and another 3 billion to buy those 8 useless tankers?

Were their evaluation teams unaware that Bin City Shipyard had been losing money for years, and those shares could not possibly generate any profits?

And even selling those tankers would mean a loss of several billion Yuan right at the resale?

This was a classic case of more money than sense!

"Haha! Mayor Hu, you did wrong this time. Why didn’t you tell us sooner about your strategies?"

"Previously acting as if you were out of options while asking the city for money, were you secretly preparing a surprise for us?"

All eyes were filled with bewilderment looking at Hu Yonghua.

What a move, using public resources scanty, yet his son steps up!

What kind of authoritative move is this?

Who says this deputy parachuted in has no grounding?

With no grounding, yet he makes a move worth 6 billion Yuan?

This is truly a solid foundation!

"Uh... this..."

If anyone was shocked, Hu Yonghua was definitely the most shocked.

Wasn’t his son’s company called something like the Cretaceous Period?

How had it suddenly become the general manager of this Baiyeji Group?

And to start off with an investment as huge as 6 billion!

Where had he gotten so much money?

A series of question marks filled Hu Yonghua’s head.

"Mr. Feng, did you just say that the two parties have only reached a preliminary intention to cooperate? Are you sure this company has that much money?"

Someone raised a doubt.

After all, no matter how you looked at it, this cooperation seemed suspiciously like sending charcoal in snowy weather, a clear case of losing money to gain market noise.

There’s something fishy when things deviate from the norm!

Nowadays, scammers don’t care if you’re from the city government or the provincial government.

There’s nothing they wouldn’t dare to deceive!

"Hehe! Please rest assured, leaders, President Hu is absolutely trustworthy. Even the banks have issued asset certificates; they couldn’t possibly be fake.

The Baiyeji Group definitely has the strength to help our shipyard out of trouble!"

Those who were skeptical were suddenly silenced when they heard that there really was genuine money in the bank.

Many eyes revealed a look of surprise; this was solving a big problem for the city!

Seeing that the situation didn’t seem to be fabricated, Hong Tianfang began to look at Hu Yonghua with a gaze that meant he was re-evaluating him.

Originally wanting to put him in his place, had it inadvertently become his stage to flex his muscles?

However, how could he possibly allow his opponent to use this opportunity to increase his prestige among the group and threaten his own influence?

After all, a head who doesn’t want a one-man show is not a good head...

"Hehe! Hu City, I told you you were being modest. As the saying goes, ’A hero’s son is no common man.’ It seems your son is really doing big business, huh?"

Hu Yonghua’s heart tightened.

Although Hong Tianfang seemed to be complimenting him, his words were actually a pointed accusation!

Holding a high position, and his son had earned so much money, 6 billion just like that.

If this were to spread, out of the 1.405 billion people of Country Hua, at least 1.4 billion would cry out, ’There’s insider trading!’

The eyes of everyone present changed in an instant.

Fortunately, at that moment Mr. Feng spoke up, his face filled with emotion.

"How else can it be said that you, Hu City, are dedicated to the public good, with high integrity!

It was only later that I found out that President Hu had founded a technology company, that has recently risen to fame in the field of Go AI.

However, at this time, he chose to sell the business he had worked so hard to establish to Tencent, exchanging it for funds.

Afterward, he personally invested and convinced Changqing Biological and Wanwu Security to pool together a large amount of funds to jointly establish the Baiyeji Group and gallantly lend a hand!

Hu City, I know how difficult it must have been for you to make the decision to sell your own company that you founded.

Thank you! Thank you! Bin City Shipyard owes you a huge favor!"

As Mr. Feng spoke, he was already moved to tears.

When he received the business card that Hu Yifei had given him, he was already convinced.

All this... it was really Hu City working behind the scenes for the shipyard!

And to think that I had once verbally lashed out at you, Hu City, because I couldn’t secure funding.

Not only did you not mind, but you also arranged for your son to help us in secret.

In a way, it was by sacrificing the interests and connections of the Hu family that the shipyard was saved from difficulty...

In his mind, he had already imagined a scenario of a brilliant young man painfully selling his company for funds, running around leveraging favors, which had led to today’s glimmer of hope for the shipyard...

With Feng Liang’s explanation, everyone suddenly fell silent, and their gazes towards Hu Yonghua changed again.

Hard work in business, advancing through high-tech AI, and after selling his shares, relying on eloquent persuasion to draw in investment...

Highly intelligent and emotionally intelligent.

No profiting from rigged bids, no sudden riches through real estate—this money was clean and clear.

Even the Chaoyang People would find no fault.

A true son of a hero!

Hu City! Truly a public servant of the age, selfless for the sake of others...

Hu Yonghua was suddenly at a loss for words.

Although this increasing respect was flattering, he still had no idea what was happening.

Someone has explained it to you, but who will explain it to me?

"It might be hard to believe if I say it out loud, but I really had no idea about everything my son has done," Hu Yonghua said with a wry smile.

Seeing Hu Yonghua’s sincere expression, everyone was stunned.

Could it be that the son of the Hu family was doing good deeds anonymously without his father knowing?

What kind of filial son is this, taking worries off his father’s shoulders?

A son should be like Hu Yifei!

Everyone couldn’t help but feel emotional.

"Hey! Mr. Feng, what did you say were the names of the two companies that also invested in the Baiyeji Group?"

Someone suddenly made a discovery.

"Changqing Biological and Wanwu Security," Feng Liang replied truthfully.

"Changqing Biological..."

Why does that name sound so familiar...

Everyone’s eyes suddenly turned towards Hu Yonghua again.

You sneaky old man! No wonder you were still lobbying today to give someone an opportunity to support a company.

And you say you didn’t know?

If this isn’t you secretly gathering friends and orchestrating a plan behind the scenes... we’ll take your surname!

Hu Yonghua: "..."