Establishing a holding company was Feng Yu’s long-standing plan. When there are too many investment companies, management becomes difficult. After concentrating these shares into a holding company, management is simpler. It only requires policy guidance and control of the held company, and you do not have to participate in specific business activities.
The world's more famous large companies are basically holding companies, such as Exxon, which is affiliated with the Rockefeller consortium and has many specific operating companies below it.
Moreover, by establishing this kind of company, financial capital can control or even manipulate other companies whose capital exceeds several times its own wealth. It uses assets as a link to closely unite companies, and the controlled company also has an independent legal personality.
There is also a big benefit, that is, you can get certain conveniences in terms of taxation and can reasonably avoid taxes.
Furthermore, the advantages of each enterprise can form good complementarities and avoid some legal restrictions.
However, Feng Yu thought about it carefully and realized that it was not possible to set up a holding company. There were too many industries. He should set up one at home and one abroad to manage the assets at home and abroad respectively, which could also enhance the ability to resist risks to a certain extent.
"Old Zong, where are you in Hangzhou? Well, I have something to do with you." Zong Qingxian was notified by phone, and Feng Yu flew to Hangzhou.
…
"Mr. Feng, are you here in such a hurry? What's the matter? Is there a problem with overseas sales?"
"That's it. Let me tell you two things. First, it was agreed at the beginning that Lehaha's shares in Jianbao would be sold to me, and I would sell you the shares in Lehaha that Jianbao holds."
"Of course, no problem, you can trade at any time." Zong Qing is rich now, but he doesn't live a luxurious life. He is just saving money and waiting to buy back the shares that Lehaha exchanged for Jianjian Bao.
"The second thing is, I want to invite you to join Taihua Holdings Group!"
Taihua Holdings Group? Zong Qingxian frowned. From the name, he knew it was Feng Yu's company again, but what exactly did this company do? Why invite me to join
"Mr. Feng, I don't quite understand."
"I plan to consolidate the domestic company shares into one company, but I don't have time to manage this company, so I want to ask you to be the president of this company."
"You're talking about the shares of the company you use in China?"
"Yes, all the domestic company shares I hold, including some overseas investments, are concentrated under the name of Taihua Holdings. Taihua Holdings can even set up its headquarters in Hangzhou to facilitate your management. If you are willing, you can The company shares you hold are also injected into the name of this company in exchange for some shares."
Among domestic people, Feng Yu thought for a long time and found that there were two people who were more suitable, one was Liu Chuanzhi and the other was Zong Qingxian. Lianxiang was in a period of rapid development at this time and needed Liu Chuanzhi in many areas. Lehaha is different. Zong Qingxian can be a hands-off shopkeeper.
"What companies are included?" Zong Qingxian was somewhat interested. If he could manage all of Feng Yu's industries, it would also be beneficial to the development of Lehaha, and he could also share the profits of other companies.
"Lianxiang Group, Fengyu Electronics, Fengyu Electrical Appliances, Aihua Electronics, Aihua Electrical Appliances, Aihua Xiaobawang, Lehaha, Huaxia Beverage Group (Jianjianbao), Taihua Supermarket, Bingcheng Machinery Company, Bingcheng Pharmaceutical Group, Quanjude Group, Taihua International Trading Company, Taihua Agricultural Products Company, Taihua Battery Company, Fengyu Design, Fengyu Security, Taihua Consulting Company and other industries, including my father’s industry, as well as major foreign beverage alliances, including in Eastern Europe Cooperating electronics factories, etc.”
Zong Qingxian was shocked. Are all the shares of these companies controlled by Taihua Holdings? In this way, Taihua Holdings will become a giant company, or the first private group company in China! I just don’t know if the word “private” can be removed.
But Zong Qing calculated first and it seemed that the shares he held in Lehaha, once injected into Taihua Holdings, would be too few.
In these industries, some companies have higher profits than Lehaha, but some companies are not as profitable as Lehaha. Taken together, Zong Qingxian is not at a loss.
And from now on, he will be able to manage so many large companies, and his status will surely rise to another astonishing level.
"How about it, Lao Zong, come and join. You will inject the Lehaha shares you control, and I will compensate you for part of the management shares. You will hold 2% of the shares of this Taihua Holdings!"
Two percent? !
According to Zong Qingxian's estimation, the value of his Lehaha Group shares was only a little over 1%. Feng Yu almost doubled it for him, which was enough to prove Feng Yu's sincerity.
"Mr. Feng, is that a bit much?"
"Not much. Your talent is worth the price! But you will have to work harder in the future. The work that so many companies have to deal with every day is much more than Lehaha. Ten years, you help me for ten years, ten years later, I A new successor will be selected, and it depends on your own opinion whether to retire at that time."
"Why me? I remember that your brother-in-law is also good at managing companies, and many of the companies you control have good management talents."
"Because I think you are the most suitable person. Regardless of ability, experience, character, connections, status, etc., you are one of the most suitable people."
One of the best fit? Zong Qingxian asked curiously: "Then if I don't agree, who are you going to go to?"
"If you don't agree, I'll go to Liu Chuanzhi and convince him to leave and help me. But you are the one I'm inviting now." If Liu Chuanzhi doesn't agree, then we can only try Duan Yongping's ability.
"Mr. Feng, how much power do I, the president, have in this company?"
"It does not involve changes in the subsidiary's shares. You have complete decision-making power. It is still the old rule. I will not interfere in the company's operations. You can appoint the company's management. I will only send the financial officer."
Feng Yu gave Zong Qingxian enough power, which Zong Qingxian did not expect. This is different from Lehaha at the beginning. Lehaha was founded by Zong Qingxian. It is understandable that Feng Yu is a shareholder and does not participate in management. However, this Taihua Holding Group was founded by Feng Yu, and Feng Yu is the absolute majority shareholder. So willing to delegate power!
Feng Yu sat opposite Zong Qingxian, tapping the armrest of the sofa slowly with his fingers, waiting for Zong Qingxian to make a decision. He believed that such favorable conditions were enough to impress Zong Qingxian.
"Mr. Feng, Taihua Holdings Group is not suitable in Hangzhou. It is more suitable in Shanghai or Beijing." Zong Qingxian raised his head and said.
Feng Yu was overjoyed: "Old Zong, are you agreeing?"
"How could I not agree to such a good condition? It seems that my work will increase in the future." Zong Qingxian said with a smile.
"Hahaha, you can hire more deputies or assistants, the company won't be short of that salary. And if you perform well, you'll get a big bonus at the end of the year, I'm telling you!"
(End of chapter)