Tao Liangchen
Chapter 285 So Old Versailles
Therefore, Su's father convened a meeting on the spot.
Lately, there had been meetings every day, and the senior executives of Meidi Group were gradually getting used to it.
Previously, they were still thinking about fighting for their own interests. With the official signing of the financing agreement, most people now only want to protect themselves.
The decision to restructure and lay off employees has basically been made public. Except for a few executive directors who hold shares, the other middle and senior managers are all in a state of panic, fearing that they will be caught with their pants down and be kicked out during this round of financing and restructuring.
Moreover, there was news that salaries would be increased after the restructuring, and there would even be an opportunity to receive so-called "stock option rewards."
Although most people don't know what stock option rewards actually mean, knowing that they have the opportunity to get shares and become shareholders is enough to motivate some people.
The lower-level employees have also heard about the salary increase, and some people are constantly promoting how good the welfare of foreign companies are, such as extra money for overtime, paid annual leave, and higher pension contributions.
The carrot and the stick, an unchanging old trick, is always so practical.
This time, the so-called financing is actually registering a new company and using the newly registered "Meidi Investment Management Company" to acquire all the previous assets, taking the opportunity to get rid of the property rights chaos that has plagued Meidi Group for many years.
Including Si Hai International, a group of original shareholders and executives obtained shares in this round of restructuring through bank loans. In economic terms, this move is called "MBO (management buyout)."
It's not just the Su family that has benefited.
Therefore, the recent restructuring seems chaotic, but some shareholders in the core management have also helped during the financing process, and have recently been busy resolving the company's long-standing problems.
If the company doesn't develop well, everyone won't be able to make money. So some people choose to stick with Su's father, planning to treat this financing as a new starting point.
When Su Yehau followed his father to the conference room in a leisurely manner, there were more than a dozen people sitting around the table.
His old man smiled happily and introduced:
"My son, Su Yehau. Today's meeting is for him. To avoid someone saying that I'm biased, it's better to have a meeting and chat with you first. Simply put, he wants to gamble with you and sign an investment management contract, which is to take some of the company's idle funds on the books and continue to make money through financial management."
Before anyone could react, Su's father continued with a smile: "Oh, you may not know my son. He secretly mortgaged the house I gave him last year and earned more than one billion Hong Kong dollars."
Looking at his father, Su Yehau felt that he had learned something again.
In just a few words, he shocked the group of people present. Although there was some suspicion of self-praise and taking the opportunity to "show off his son", the effect was quite good.
He Jianye, the third shareholder of Meidi Group after the restructuring, said in surprise: "How much? He earned one billion in half a year. Isn't that several times higher than our company's profit? How old is your young master, and he's so amazing?"
The cultural atmosphere is similar.
He Jianye knows that praising the son is better than praising the father.
Of course, including He Jianye, a group of people were really stunned. Some executives have annual salaries of hundreds of thousands or millions, which is already a bit of a high-roller status. When they learned that Su Yehau earned more than one billion in half a year, their jaws almost dropped.
They knew that income in Casino and Hong Kong was high, but income at the level of one billion was really unbelievable.
Knowing that his father was a master of Versailles, Su Yehau was not bad either. It was rare to have another chance to show his face, so he smiled shyly and calmly replied, "Nineteen years old, a freshman at Hong Kong University. Actually, it took me more than half a year to earn it. It was just good luck."
"..."
"..."
As soon as these words came out, everyone was silent, thinking about what they were doing when they were nineteen years old.
While envious, they didn't forget that Su Yehau had good parents, so it was also a bit reasonable...right?
Beside them.
Su's father smiled happily and continued:
"I only have this one son. He's been restless since he was a child. He made money and ran to Lujiazui in Shanghai to buy land, planning to build skyscrapers, and also doing something with the Internet. He's quite clever. To be honest, I bought more than 4,000 mu of land in Peng City, and he helped me with the planning. Some of the company's funds are idle in the short term anyway, so I thought it would be better to let him try it out, so I plan to set up an investment department separately."
After hearing these words, many executives present looked at each other, and no one was in a hurry to express their opinions.
Fathers supporting their sons has been the case for thousands of years.
But the company hasn't finished restructuring yet, and seeing Su's father eagerly pushing Su Yehau out, some people present couldn't help but feel that it was ugly. They just thought about it in their hearts, and no one dared to show it.
Some people didn't believe that a nineteen-year-old kid could earn so much money, and they were sure that there must be something fishy about it, and that it was a forced attempt to put gold on his face.
Since starting his own business, Su Yehau has indeed been a little low-key.
In this era, information exchange is not smooth, and he is too low-key. Even Su's father didn't know much about him, and he has only gradually been understood recently.
Some people feel that it's none of their business and are just sitting and watching the show.
After the financing and restructuring, the largest shareholder is Si Hai International, the second shareholder is the government, and the third shareholder He Jianye holds 14.5% of the shares.
Involving the use of the company's funds, He Jianye inevitably cares a lot. He is a little nervous in his heart, but with a smile on his face, he asks, "President Su, what does the gambling agreement you mentioned refer to...?"
Su Yehau just sat down and looked at his own father when he heard this.
Like He Jianye, he didn't know what he was gambling on. He clearly only said that he would backstop, but he didn't mention gambling.
Su's father smiled happily and said, "My son manages a sum of money for the company. If the investment fails after the time is up, he will pay out of his own pocket to make up for the losses, ensuring that the company doesn't lose money. However, if the profit exceeds...25%, the extra money will be converted into company stock, and he will decide what to do with it himself."
Issuing new shares is not easy to operate, but the profitable money can be used to repurchase them from the secondary market.
The reason for saying that it is converted into stock is mainly because he is afraid that taking money will sound bad.
His father still recognizes Su Yehau's investment skills, otherwise he wouldn't worry that his family would suffer a loss and propose a gambling agreement on his own initiative.
Su Yehau instantly guessed his father's little thoughts.
He didn't know whether to laugh or cry about this. His original intention was to earn more money for the company, which would be used for foreign acquisitions and independent research and development, shortening the development time of Meidi Group.
With his father's actions, it is very likely that he will become rich in the end, but the company's profits will grow limited.
He Jianye tapped the table with his finger and asked again, "President Su, I wonder what you mean by the investment cycle?"
"One year," Su Yehau answered quickly.
"That is to say, the company gives you the money to manage. If you lose money within one year, you will make it up yourself. If you profit more than 25% within one year, it will be converted into stock for you?" He Jianye asked again. Involving the company's interests, it is better to ask clearly.
After a brief consideration, Su Yehau took the liberty of making a decision and said:
"Not only will I make up the principal, but I will also pay the company according to the bank deposit interest rate."
"Moreover, a 25% profit in one year is not challenging at all. I'm afraid you'll feel like you've suffered a big loss in the future, so let's add five more points, 30%. Let's just take it as a gift to the company in advance to celebrate our cooperation."
"In the future, as long as one party decides to terminate the cooperation, the funds will be withdrawn. My dad won't vote at that time. These can all be written in the contract. I don't want the company's salary either. This plan is completely harmless to you."
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