Chapter 178

It is hard to imagine that a deputy director of the Foreign Business Committee could embezzle so much money.

According to this standard, this Deputy Director Guo would at least face life imprisonment.

As for Guo Hong, his sentencing would also start at ten years.

However, Lin Yi had no interest in this matter anymore,

he just needed to know about it.

However, the next day, Lin Yi received a call from Deng Weiming.

It turned out that the Shanghai government had approved that 700-mu industrial land,

and had charged a symbolic 60,000 yuan/mu.

That is to say, for 42 million yuan, one could get 700 mu of land in the Songjiang District of Shanghai.

This could be called a cabbage price.

You must know that in 2015, the average price of industrial land in Shanghai was between 325,000 and 500,000.

And the fact that Fengyi Tech could get the land so cheaply.

Must mean it held a different weight in the hearts of the Shanghai Municipal Government.

However, this made the funds on Fengyi Tech's books seem a bit lacking.

Originally, there were more than 70 million on the company's books.

But, following Lin Yi's purchase of the Maoming Mansion.

There was only 30 million left on the company's books.

This money was no problem for the company's daily operations,

especially recently, as Lin Yi had already started using that money from abroad to establish a remote-controlled trading company,

specializing in the acquisition of minerals like lithium, nickel, and manganese.

By feeding this back into Fengyi Tech, it would lower Fengyi Tech's production costs to the extreme.

Fortunately, with District Mayor Deng acting as a go-between.

Lin Yi got to know a bank president from the Industrial and Commercial Bank of China in Shanghai, and upon learning it was Fengyi Tech,

the other party directly offered a loan credit line of 200 million.

This greatly solved Fengyi Tech's urgent need.

On December 7th, Fengyi Tech launched another major breakthrough,

releasing the news of putting the "Superba 18650" cobalt-free lithium battery and the new lithium manganese iron phosphate blade battery into production.

Suddenly, the domestic battery industry became jittery for a time.

This wind even spread abroad.

(PS: New book, seeking flowers, seeking rewards, seeking evaluation tickets, your support is the author's motivation!).