Chapter 996 - The Happy Brother Ki
Chapter 996 – The Happy Brother Ki
When Soros and his men are trying to solve their internal issues, Kirilenko is enjoying his life.
Russia had adjusted their policies on some industries, and the proportions of shares foreign investors can own in their companies. As foreign investors withdraw from Russia, the market value of many Russian companies starts to fall.
At this time, Feng Yu flew to Russia. Kirilenko and Feng Yu are going to invest in a few mines.
“Feng, did you see it? This mountain will be ours in the future. Do you know how much we spent?” Kirilenko asked proudly.
“If we calculate its base on the mines’ productions, it should cost at least 1 billion USD.”
“No… we are using Rubles to calculate. I had spent 1.1 billion USD worth of Rubles, but now, it is only slightly more than 700 million USD.”
Feng Yu raised his brows as Brother Ki had gotten a good deal. He wonders how he convinced the other party to agree to use Rubles in this transaction.
This is a mountain full of minerals, and it will belong to their mining company in the future. Today, Kirilenko had brought Feng Yu along is not only to tell him that he had bought a mountain.
Kirilenko points to a map on the table. “Some of our mines are too far away from here, and I will not bring you there. Look here. This oil field is ours. This area is full of coals, and they are ours too. This area produces natural gas, and it also belongs to us. Also, this area has special metals. Lastly, this mine is the most ordinary iron mine, but there are high iron deposits in there!”
Kirilenko drew circles on the map as he explains to Feng Yu.
“How much did we spend on all these mines?”
“Around 5 billion USD. All the contracts are signed. What’s left is for you to transfer the money.” Kirilenko said excitedly.
“Ok. I will make a call later to get my men to wire the money over.” Feng Yu nodded. The value of these mines will shoot up in one or two years later, and these mines will worth several times what they paid.
The only regret Feng Yu has is Russia had limited foreigners from owning more than 50% shares of important resources. Certain minerals have a cap of 25%. Their mining company has the approval to mine special minerals, which is used for making weapons, falls under this new regulation. That’s why Feng Yu had to give out 2% of his shares to his Russian management staff.
Of course, Kirilenko had compensated Feng Yu. This 2 % of shares are considered bonuses from them.
The management of the mining company is overjoyed. This mining company is worth almost a billion USD, and 2% is around 200 million USD.
Although this amount is split among dozens of staff, each of them will get at least 1 million USD worth of shares. Some even get over 20 million USD worth of shares!
The staff was touched and expressed loyalty to the company.
“Leo, our mining company, is not making profits these few years, and you all can only get basic salaries. These are what you all deserve. After all, you all had made great contributions to the company. Of course, you all must also thank Feng. Without him, our company will not exist!”
Leo and the rest of the company’s management expressed their gratitude to Feng Yu, but Feng Yu’s face changed.
F**k! Why are all of you raising your glasses? You all are drinking Vodka, and I don’t like to drink!
But Feng Yu had to accept their toast. He drank a small glass of Vodka and said he prefers to drink beer.
After Feng Yu said that, he regretted it. Damn! Can’t you all use normal glasses? Why are you all bring out beer mugs?!
These beer mugs are not normal beer mugs. These are 1-liter beer mugs!
Feng Yu forced himself to finish one mug of beer and went hiding in the bathroom. He wonders if this drinking culture is only in Kirilenko’s companies, or all Russian companies have this culture?!
I am only here to take a look. Why did it become a drinking session?!
After a while, Kirilenko entered the bathroom. He should have drunk lots of beer too.
“Feng, why are you still here? Many people are waiting for you to drink.”
Feng Yu panicked. “Errr… My stomach is not feeling well and cannot drink.”
“Such a pity. I had asked my men to bring ten barrels of beer over. Are you all alright? Do you want to visit the Company’s doctor?” Kirilenko asked.
“No need… I will be fine after some rest.”
“Alright. Wait for me. I will have a toast with them and will send you back.”
Feng Yu is happy with this arrangement. He always felt that drinking in moderation is fine and does not need to get drunk every time. But Brother Ki argues that if one is not going to get drunk, what’s the point of drinking?
After a while, Kirilenko returned to Feng Yu with a few men behind him. All of them are holding on to a few bottles of Vodka.
“Feng, everyone is so happy today. In the future, we will be Russia’s biggest private mining company! Maybe we will become the world’s biggest mining company too!”
“Brother Ki, did you remember I asked you to buy insurance for everyone and to look out for their safety? All lives are precious!” Feng Yu reminded Kirilenko, as he is afraid Kirilenko will ignore his reminders.
“Don’t worry. I had instructed Leo and his men to do it. Our mining company is currently the role model for safety in the mining industry, and I will not save on insurance. Everyone in the company is our fellow Russians! I will not let anything happen to them!”
Feng Yu nodded. The company can get high profits and does not need to save money on the safety features of their mines.
“Oh, I have a piece of good news for you. Our supermarkets have started operations!”
“So fast? Didn’t you tell me that you were still sourcing for locations last month?” Feng Yu was puzzled. Even if you found suitable locations so fast, but what about the renovations? Promotions and marketing? One month is not enough to do all these.
“Hahaha… I had reached a deal with Russia’s second-biggest supermarket chain boss. We will invest in this chain, and you and he will own 30% shares each, while I will own 40%. Isn’t this easier?”
This idea is suggested by one of Kirilenko’s men. Although they will have to spend slightly more money, Russia’s economy is not doing well now. That boss had suffered losses, and can’t get any loans from the banks, due to his outstanding loans. The Russian banks had started strict measures on their loans now.
This allowed Kirilenko to invest into this supermarket chain. The supermarket chain immediately set up twenty more outlets at the locations they scouted, and they are now Russia’s biggest supermarket chain.
“Feng, I am very happy today! Drink with me tonight!”
Feng Yu gave Kirilenko a stare. Damn! You want me to drink with you again?! Can I drink tea instead?