How can I justify myself as a Magnate if I don't indulge myself?

With Gu Heng leading the way, Fu Songyang and Lu Yuan were no longer prepared to keep doggedly silent, and thus spoke up one after another.

Fu Songyang, "Director Lin, regarding the tax issue, I can accept it. For us taxpayers, wherever we pay the tax, it's supporting national construction. I can register a subsidiary in Yangcheng City and transfer all the operations of the Yangcheng International Race Track project to this subsidiary to facilitate the tax calculations for your Yangcheng City government."

But!

"Regarding the profit aspect, Chairman He, Chairman Gu, and I share the same idea.

Our company, Hengxiang Yongrui Trading, might not be as large as Xiaopeng Automobile, but we still have hundreds of employees to support, and I need to be responsible for them,"

Lu Yuan, "I mean the same as them."

Lin Hansheng, listening to these people's responses, began to feel a headache coming on...

He certainly knew that keeping all the profits in Yangcheng City to reinvest and support municipal construction was too demanding...

But the municipal department is not just any ordinary company...

The internal relationships are complicated...

This proposal wasn't even his idea; it came from higher up, and he had barely started speaking when it was unanimously rejected, leaving him no room to negotiate...

The meeting had just started and had already fallen silent...

After a while, Lin Hansheng organized his thoughts and spoke up again, "Then how about we each take a step back?"

"How do we each take a step back?"

"Since settling the entire profit is difficult, why not reduce the share? Let 60% of the profits enter a joint management construction fund for reinvestment in Yangcheng, and treat the remaining 40% as normal dividends handled by your five companies."

Regarding the taxes... it's still the same conditions; all are handled by us, Yangcheng."

As soon as Lin Hansheng's words fell, everyone fell silent...

Cooperating with a behemoth like the Yangcheng municipal government, it was inevitable to be at a disadvantage. Before attending this meeting, He Xiaopeng, Fu Songyang, and Lu Yuan were all prepared, but they didn't expect them to be this overbearing...

If they really agreed to these terms, the investment in the Yangcheng International Race Track would undoubtedly become a heavy burden for all the companies present. If any company faced financial issues later on, it was very likely to be the last straw breaking the company's finances...

Exchanging significant cash flow for real estate rights, with only a small portion of the profits being usable, this kind of cooperation would be laughed off the international capital market...

After all, even Fu Songyang and Lu Yuan, who invested the least, had to put up 10 billion in cash...

10 billion! Not to mention using it for financial market investments, even placing it in a bank and earning interest, waiting for inflation would be better than the current cooperation model...

But they were all automotive industry companies, needing to use this project at the international racetrack as a testament to their company's strength, suddenly finding themselves in a dilemma...

Seeing their reactions, Gu Heng couldn't help but chuckle softly...

"Director Lin, about the profit aspect, I think there's no need to discuss it further. No matter what they choose to do next, we at IDE Capital definitely can't accept these conditions.

You can even add several additional clauses in the investment terms, mandatorily requiring our five companies to invest a portion of our funds in Yangcheng's municipal construction within a certain period. I can make a decision; up to a 5-billion investment, we at IDE Capital can completely bear, even if the subsequent profit potential is minimal, it doesn't matter. Consider it support for the development of Yangcheng."

But!

The profit aspect is the bottom line.

Let alone 60%, even 6% is unacceptable."

Firm!

Fu Songyang and Lu Yuan applauded Gu Heng fiercely in their hearts...

At this point, only Gu Heng was fit to step forward. Xiaopeng Automobile and Lu Yuan's company were both enterprises from Yangcheng, currently benefitting from Yangcheng's policy incentives. They couldn't afford to be as upfront in negotiations as Gu Heng...

As for Fu Songyang's Hengxiang Yongrui Trade, its stake was too small...

Only 5%, with too little say.

Gu Heng thus became the speaker representative of the five investing companies at this conference...

..... Your next chapter is on My Virtual Library Empire

An hour later...

The meeting was still stuck on the first issue...

Lin Hansheng had lowered the conditions to the lowest he could within his authority, to 35%, and even He Xiaopeng and others were slightly tempted, realizing that it was impossible not to suffer a loss in cooperation with a governmental giant like Yangcheng, and keeping 65% of the profits was already very good...

But Gu Heng made his stance exceedingly clear.

Take 100% of the profits, and discuss investments separately.

Suddenly, the entire meeting fell into a deadlock...

"Since we can't agree on the first issue, let's pause today's meeting and continue our discussion at 3 p.m. tomorrow in this same room,"

Finally...

Lin Hansheng couldn't hold back anymore...

Faced with someone as unyielding as Gu Heng, he really had no way out...

Especially since the Yangcheng International Race Track project negotiation had reached its final stages—a 200-billion project, one of the largest in Yangcheng for the year 2024. If the negotiations truly collapsed, he couldn't bear the responsibility...@@novelbin@@

Since they couldn't reach an agreement, he might as well go back and report to let those above make a decision.

Although it was the final meeting, there was no rule stating it had to conclude in one go; if they couldn't reconcile, meeting for ten or eight days wasn't unusual...

Seeing this, Gu Heng also stood up, nodded to Fu Songyang, Lu Yuan, and the others, and then unapologetically walked out of the conference room...