Extraordinary Genius

Chapter 820: Li Jingwei’s plan

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"Mr. Li, what did you mean just now?" Feng Yu asked hurriedly.

There are many ways to invest, and he wanted to know what method Li Jingwei wanted. If Li Jingwei is willing to help, then Feng Yu's hope of buying a stake in Jianlibao or even controlling Jianlibao will be much greater.

"Mr. Feng, since you, as the major shareholder of Lehaha, can allow Zong Qingxian to continue to be in power, after you become a shareholder of Jianlibao, can you rest assured that you will continue to hand over the management rights to me and my team?" Li Jingwei kept staring at Feng. Yu, if there is any hesitation in Feng Yu's eyes, I'm afraid Li Jingwei will regret it.

"You may not believe it. Since a few years ago, the companies I control have been managed by others. Even the chairman of the listed companies I control is someone else. You may think it is an agreement, but I told you You, there is no agreement as you imagined, I am really too lazy to take care of it. For example, I am a director of Microsoft, but Microsoft is headquartered in Seattle, and I am in New York at this time, right?"

Feng Yu himself had never thought about letting Li Jingwei step down. Even if he could fully acquire Jianlibao, he would rehire Li Jingwei with shares. Li Jingwei's ability to develop Jianlibao into a company of such a scale in just ten years is evident.

Feng Yu asked himself, he may not be able to do much better than Li Jingwei. Since Li Jingwei is so capable, and the company's management team was also led by Li Jingwei, then just like Bingcheng Machinery Company, even if Li Jingwei retires, Feng Yu will also consider hiring Li Jingwei back until a new qualified successor is trained.

Feng Yu answered so cheerfully that Li Jingwei was overjoyed: "So, Mr. Feng agreed to my conditions?"

"Why don't you agree? But I have one request, that is, the bloated personnel structure must be streamlined. Those related people who have been squeezed in, I don't want to see them continue to be in the company. Moreover, Jianlibao's headquarters is too remote at this time, and I Do you think you should move out, at least to a big city like Pengcheng or Yangcheng, or in southern Guangdong? The higher-ups should support you, right?"

If Feng Yu had no requests, Li Jingwei would still be suspicious. After Feng Yu made two requests, Li Jingwei became even more convinced that Feng Yu would agree to let him continue to manage the company.

What made him even more happy was that the two conditions proposed by Feng Yu were also what he wanted to do. It was only because the property rights of Jianlibao had nothing to do with him that he could not do this.

If Jianlibao can successfully reorganize, then of course he also hopes to accomplish these two things. This is indeed a big trouble that hinders the development of Jianlibao!

"Mr. Feng, I promise you, I can definitely do these two points, and I must do it!" Li Jingwei said solemnly.

"Mr. Li, what we just said is all for later. I'm very curious, how do you let me buy a stake in Jianlibao? As far as I know, Jianlibao is a 100% state-owned enterprise. You don't seem to have any shares in it, right?" Feng Yu asked deliberately.

Hearing Feng Yu's words, Li Jingwei felt a breath holding in his chest. Yes, the property rights of Jianlibao have nothing to do with him, but without him, there would be no Jianlibao. Is this fair now

"Mr. Feng, let me tell you a story."

Feng Yu looked very interested, leaned on the sofa, picked up the Zhenzhen on the table, and took a pleasant sip.

"The concept of our Jianlibao promotion is sports drinks, and all promotions are related to sports. In the 1990s, Jianlibao, a company in Nanyang, and an Olympic champion jointly funded the establishment of Jianlibao Sportswear Company. Jianlibao is the controlling shareholder, and the sportswear brand operated by this company is called Li-Ning!"

Feng Yu raised his eyebrows. He had heard in his previous life that Li-Ning was once a sub-brand of Jianlibao, but he didn't know how it was separated from it in the end. It seems that he will find out today.

Feng Yu opened the cigar box on the table next to him, took out two cigars from it, toasted one, and handed it to Li Jingwei: "Try it, it tastes different from cigarettes."

Li Jingwei took it from Shanruliu, and Feng Yu roasted another one, then took it back to the sofa and sat down: "Mr. Li, continue talking."

Li Jingwei was stunned for a moment, feeling that Feng Yu was listening to storytelling and lighting a cigarette~~er~~a cigar.

"Li Ning is also developing very well. It became an instant hit after the Yangcheng Asian Games. Its turnover is doubling every year, and its future development potential is huge. Two years ago, Li Ning met Liu Jipeng, a joint-stock reform expert in Beijing. Liu Jipeng Li Ning pointed out that unclear property rights would seriously restrict the company's future development, so he encouraged Li Ning to break away from Jianlibao."

Feng Yu raised his eyebrows. It turned out to be like this. He thought Li Ning was not only good at gymnastics but also good at business. It turned out that he had asked someone to help diagnose the company.

"Li Ning made a major mistake in the 1988 Olympics and missed the gold medal, which caused him to fall from the altar. I gave him a hand at that time, and he was very grateful to me. He was afraid that people would say he was ungrateful, so he hesitated. Decision. After Liu Jipeng’s repeated persuasion, Li Ning found me, told me these words, and promised to give me some shares.”

"Jianlibao Sportswear Company is, after all, a subsidiary of our Jianlibao. As a manager, I have a lot of room for maneuver. I strongly support Li Ning's separation from Jianlibao, so I signed an agreement with Li Ning on behalf of the company. Li Ning split Three times, the 16 million invested by Jianlibao was repaid to Jianlibao Group, but I didn’t even mention the increase in share value, so I signed the contract happily.”

Feng Yu's eyes widened, could he do this? Isn’t this just using Jianlibao’s money to buy Jianlibao’s shares

"Then Jianlibao Sportswear Company officially changed its name to Li-Ning Sportswear Company, and moved the company from Yangcheng to Beijing last month. He also won some clothing sponsorship for our Olympic delegation this year. I think Li-Ning's development will be better in the future. Getting better and better."

Feng Yuxin said, you are right. At least in the previous life before 2008, Li Ning's turnover and profits were growing year after year. After 2008, it briefly experienced a trough, and then rose again. Li Ning's own net worth has also continued to skyrocket. If Li Ning was still a subsidiary of Jianlibao Holdings, I am afraid that Li Ning would have declined long ago.

Wait, does the story Li Jingwei tell mean that he still has strong control over Jianlibao? But even so, cutting off part of the business is two different things from selling the company's equity, right? Can the local government agree

"Mr. Feng, you said that Jianlibao was created by me and built into its current scale. I made the greatest contribution to Jianlibao. Isn't this an exaggeration?"

"Of course it's not too much. Without you, there would be no Jianlibao." Feng Yu praised sincerely.

"Then I borrowed money from Li Ning and wanted to transform Jianlibao into a joint-stock system and subscribe for equity as a manager. Why didn't they agree? But now I have a way. The country now advocates attracting foreign investment, so Jianlibao, as a banner Enterprises must take the lead." A glint flashed in Li Jingwei's eyes.

foreign investment? Am I considered a foreign investor? Yes, I have Hong Kong status now, so why is it not considered a foreign investment? Or simply invest with companies here in the United States. Why is it not considered foreign investment? But why does this move sound familiar

(End of chapter)