BXBX NOVEL Chapter 532
Chapter 532: Resource Chamber of Commerce Meeting (Part Three)
Translator: Atlas Studios Editor: Atlas Studios
“Mediation starts now.”
After Wen Jianan said that, it was time for both company CEOs to start the settlement process.
Resource Chamber of Commerce Meeting, on the outside, it seemed those that attended the meeting were all heads of big companies and corporations. But in actual fact, everyone was selfish and only wanted to succeed—that was also the reason why communication devices were not allowed at the venue. It would not do anyone any good to leak the content of the meeting.
He Boming was forty-five years old. He wore a gray sweatshirt, his hair was about an inch long, and he wore gold-rimmed spectacles. He looked like a gentleman. But when Wen Jianan announced the start of the mediation, he slammed on the table fiercely and scolded. “Li Weiqi, f**k. When we signed the materials contract worth 600 million yuan, you signed and put your seal on it. But what happened? You owe me three months of raw materials and caused me to lose 1.5 billion! How the hell do you intend to settle this! If you can’t think of a solution, see what I’ll do to you!”
When He Boming finished speaking, Li Weiqi was red with anger. He tore off his tie, smashed the branded gold watch worth 400,000 which was on his wrist, and shouted back, “What can I do? What the hell can I do? I had already shipped the materials over, but it got stuck at the customs, the customs! Do you know how many people I begged before finally cleared it to send the materials over? You’re blaming me now? Why don’t you look for those idiots at the customs? Do you think I wished for this to happen? Do you think I would wreck my own signboard?! Just because of your goods, do you know how my reputation has suffered?”
“What has your reputation got to do with me? Do you f**king know that I lost 1.5 billion that time! Not 150 million! If it were a small amount, I wouldn’t be bothered!”
“Did I want that? That incident caused me so much trouble. Don’t f**king act like all cocky like a b**tard! Oh yes, because of you! Who knows who you offended, dragging me in with you. You motherf**ker, bloody hell!”
“If you’re not f**king happy, let’s fight. I’ll hit you so hard your mother won’t recognize you!”
“F**k, you want to fight? Come, if I don’t give you a good beating, you won’t know what’s good for you! I think you’re itching for a beating!”
Both started shouting at each other at the start of the mediation. In an instant, they both rolled up their sleeves and looked like they were avenging their dead fathers!
The surrounding members tried to hold back their laughter. In the Resource Chamber of Commerce Meeting’s mediation section, it was common for a scene like this to break out.
This was a conflict caused by billions and tens of billions; it was not a small amount. Moreover, everyone present was heads and leaders of all different industries and companies, it was impossible not to take such an amount to heart.
Scolding each other like that was considered rational. Some started fighting the moment it was their turn.
To the members present, such a scene could only be described by one word—entertaining!
When these two people did various programs on TV, they beamed with smiles and were awe-inspiring. But when they quarreled here, they were hysterical. Both not caring about their own image.
Liu Yihui, who had been observing at the side, laughed. “These two, their grievance is not major. See how they’re fighting, it’s really...” He then looked at Hong Weiguo and winked. “It’s not even as bad as our relationship at the beginning.”
“Haha. All because of Weiguo’s good son.” Mu Tie laughed. “It’s only because of Dali that both of you are able to work together. The pot calling the kettle black.”
Hong Weiguo laughed and shook his head. “The rascal, Dali, aye. I didn’t dote on him for nothing.”
At that moment, He Boming and Li Weiqi’s argument seemed to have upgraded. They began to punch and kick in the air, pointed at each other’s nose and scolding—
“I curse all eighteen generations of your family!”
“Damn you, do you believe I’ll make you unable to touch any women for life?!”
As they argued, Wen Jianan’s assistants pulled them apart, preventing any brawl from happening.
Seeing that they had used up almost all the possible cursing words in their life, the head of the five arbiters, Wen Jianan, hit the gavel on the table fiercely. “Stop, don’t get worked up!”
Hearing that, both of them finally quietened down. A few assistants had gotten some drinks to quench their thirst. Wen Jianan knocked the gavel once more on the table. “The conflict between you was caused by a misunderstanding. If enmity is not settled amicably there is no end to it. Why don’t you sit down and discuss things properly?”
Members who were able to join the Chamber of Commerce, some were in the food industry, some in the entertainment industry, some in the transportation industry, and almost everything else in all walks of life. They were also the most outstanding people in the industry.
Those with higher profits earned five or six billion a year, while those with lower profits earned one to two billion a year. They were the highest authorities in the country. If the five arbiters were not present, no one would be able to control the situation.
It was a good thing Wen Jianan was the richest man in Heavenly State. His words carried weight, and people had to respect him.
Both men sat down angrily. Neither would state any conditions, both glaring at each other. As though they were each other’s arch-enemy. It was hard for them to cool down in an instant.
“It seems I have to give my opinion.” Wen Jianan frowned. He turned to a middle-aged man in his forties beside him who was wearing gold-rimmed spectacles. “Lei Zhihang, what was the ratio of the transactions between Mr. Li and Mr. He last year and the total amount of the respective transactions?”
Everyone looked at the middle-aged man standing beside Wen Jianan. Many members revealed jealous looks. After all, not anyone could get involved in the mediation process. This man standing beside Wen Jianan, acting as an assistant, could be one of the main members in the next mediation meeting.
Although Lei Zhihang only had a net worth of 106 billion yuan, to become an official member by usual means was not sufficient. To get a chance like that was like taking a shortcut. It was no wonder the others were jealous.
“Please wait a while, CEO Wen!” Lei Zhihang said to Wen Jianan respectfully. He promptly flipped through the mountain of documents stacked up in front of him and found those related to Li Weiqi and He Boming. He propped up his glasses and reported:
“Last year, the total transaction volume of Fei Li Electronics Company and Heavenly State North Industry Corporation was 185,036,129,633.65 yuan. Heavenly State North Industry Corporation’s total purchases value was 463,012,000,000 yuan, while Fei Li Electronics Company’s total sales amounted to 633,093,000,000 yuan. The total transaction volume accounted for 40% of Mr. Li Weiqi’s total purchases, and 30% of Mr. He Boming’s total sales!”
“Gasp—” Everyone present took deep breaths. Most of them were from members of the outer circle who had just joined this year’s Resource Chamber of Commerce Meeting. Although they had heard of such numbers, it was their first time witnessing it. They felt it was far beyond imagination.
The report of the exact transaction amount made one tremble. The document was two centimeters thick, and there were possibly other, more detailed documents. It made their hair stand on end, making them feel relieved that they had joined the Resource Chamber of Commerce. Otherwise, it was possible that one day, they’d die without knowing why.
“Well...” Wen Jianan said, “I’ll give both of you a suggestion. If I didn’t remember wrongly, both companies’ purchase list has quite a few duplicate sales. They take up about 20% of your purchase list, and 13% of your total sales. In that case, Mr. Li Weiqi can decrease his price by 5%, in exchange for five years of the 20% duplicate sales. How does that sound?”
In other words, Wen Jianan meant to have Li Weiqi use 5% of his profits, which was a 5% discount off his sale price, in exchange for a large order of eight billion a year. It didn’t seem like a big discount, but the huge profits represented by the huge transaction amount were stunning.
“I agree!” Li Weiqi’s eyes lit up. Although a 5% discount meant he would lose five million for every 100 million, which meant 900 million for a total of 108 billion. But in exchange, he would get an order worth eight billion yuan, and an earning of 1.2 billion. That would make up to a 300 million profit. An offer like that could not be missed!
It was obvious that at the Resource Chamber of Commerce Meeting, with the five magnates as the mediation party, if he agreed so simply, it would not be very worthy. Hence, He Boming thought for a while and finally looked up slowly. “8% off! If you agree, we’ll forget about everything that happened in the past!”
“8% off?!” Li Weiqi was furious. “I lose eight million out of every transaction worth 100 million. Isn’t that too much?” Each transaction was usually about tens of billions, 3% was a lot of money.
“8% off!” He Boming would not budge.
“Damn you!” Li Weiqi scolded angrily. His profits were really not that high. Despite cursing at him, he didn’t reject the offer. His eyelids were jumping, and his eyes out of focus. He was clearly trying to think of how to make it more profitable for himself. 8% meant a loss of 1.4 billion in profit. But orders worth eight billion were hard to find.
After a while, Li Weiqi said in a deep voice, “Alright. But the deal should be extended to ten years. On the condition that the deal stands as long as both companies’ don’t change direction in the industry!” Clearly, Li Weiqi was trying to cut his losses by planning long-term.
“CEO He,” Wen Jianan pounded on the gavel once. “Your views?”
“Deal!” He Boming clenched his teeth. “Quality must be guaranteed!”
“Bullshit!” Li Weiqi’s tone was unkind. “In front of so many people, would I fool you?”
“Okay! That’s decided, then!” He Boming was stunned for a while, then he excitedly said, “CEO Li, I was too rash. Let’s forget about that. See when you’re free. If you agree, I’ll give you a treat!”
“Hahahaha, you bandit!” Li Weiqi walked to the front and reached out his hand. “Let’s forget about the past?”
“My memory is not good.” He Boming extended his hand as well. “I don’t remember what happened in the past, haha!”
With a handshake, the settlement was a success. Wen Jianan pounded on the gavel once. “Successful settlement!”