There is only one child in the family, Su Yehao, so what can I do if I don’t get used to it?
To this end, Father Su convened an impromptu meeting.
Meetings have been held every day recently, and the executives of Midea Group have gradually become accustomed to it.
Before, they were still thinking about fighting for their own interests, but with the formal signing of the financing agreement, most people now just want to protect themselves.
The decision to reorganize, lay off, and layoffs has basically been made public. Except for a few executive directors who hold equity, other middle and high-level managers are all panic-stricken, fearing that they will be caught by the tail and leave during this round of financing and restructuring.
Got people.
And there is news that there will be a salary increase after the restructuring, and there may even be a chance to receive so-called "option rewards."
Although most people have no idea what option rewards actually mean, knowing that they have the opportunity to become shareholders is enough to motivate some people.
The lower-level employees have also heard about the salary increase, and some people have been promoting the benefits of foreign-funded enterprises all day long, such as getting extra money for overtime work, paid vacations every year, higher pension contributions, etc.
Sweet dates and big sticks, the same old routine, but always so practical.
This time it was said to be financing, but the method adopted was to register a new company and use the newly registered "Meidi Investment Management Company" to acquire all the previous assets and take the opportunity to get rid of the property rights chaos that had plagued the Meidi Group for many years.
Including Sihai International, a group of original shareholders and executives borrowed money from banks to obtain shares during this round of restructuring. In economic terms, this move is called "mbo (management buyout)."
The Su family is not the only one who has benefited.
Therefore, the recent reorganization may seem chaotic, but in fact some shareholders in the core management have helped in the financing process and have recently been busy resolving old problems within the company.
The company was not developing well and no one was making money, so some people chose to join forces with Mr. Su and planned to regard this financing as a new starting point.
When Su Yehao followed his father to the conference room leisurely, there were more than ten people sitting at the table.
The old man smiled cheerfully and introduced:
"My son, Su Yehao, this meeting today is just for him. In order to avoid anyone saying that I am eating too much, it is better to hold a meeting to talk to you first. To put it simply, he wants to make a bet with you and sign an investment agreement.
Management contracts are to use some of the idle funds on the company's books for financial management to continue making money."
Before anyone could react, Father Su continued with a smile: "Oh, maybe you don't know my son. He secretly mortgaged the house I gave him last year and made more than one billion Hong Kong dollars."
Looking at his father, Su Yehao felt that he had learned something again.
In just a few words, he shocked the crowd present. Although he seemed a bit self-proclaimed and took the opportunity to "show off his son", the effect was quite good.
After the reorganization, He Jianye, the third shareholder of Meidi Group, was surprised when he heard this: "How much? We made 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 is so powerful?"
"
The cultural atmosphere is much the same.
He Jianye knows very well that it is better to praise my son than to praise my father.
Of course, a group of people, including He Jianye, were really shocked. Some executives' salaries were tens of millions a year. It was a bit like looking at the small mountains. They learned that Su Yehao earned more than one billion in half a year.
, my jaw almost dropped in shock.
They know that casinos and port cities have high incomes, but incomes in the billions are really unbelievable.
If I had known that my father was a master of Versailles, Su Yehao was not bad either. It was a rare opportunity to show his face. He smiled shyly and replied calmly: "Nineteen years old, a first-year student at the University of Hong Kong. It actually took him more than half a year to earn. I'm lucky.
That’s all.”
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As soon as these words came out, everyone fell silent, thinking back to what they were doing when they were nineteen years old.
While I was envious, I didn't forget that Su Yehao had good parents, which was somewhat reasonable.
beside.
Father Su smiled happily and then said:
"I only have one son. He has been restless since he was a child. After making money, he went to Lujiazui, Shanghai to buy land. He planned to build skyscrapers and engage in the Internet. He has a bright mind. To tell you the truth, I went to Pengcheng and bought 4,000 yuan.
He also helped make plans for the many acres of land, and some of the funds on the company's books were idle in the short term. I thought it would be better to let him give it a try, so I planned to set up a separate investment department."
After hearing this, many senior executives present looked at each other, and no one was in a hurry to express their opinion.
I support my son, and this has been the case for thousands of years.
But the company hadn't been reorganized yet. Seeing Father Su eagerly pushing Su Yehao out, some people present couldn't help but feel ugly. They were just thinking about it in their hearts, and no one dared to show it.
There are also people who simply don’t believe that a 19-year-old boy can earn so much money, and conclude that there must be something fishy inside and that he is trying to put money on his face.
Since starting his own business, Su Yehao has indeed kept a low profile.
In this era, information exchange is not smooth, and he is too low-key. Even Father Su, not many people know about him, and he has only been gradually understood recently.
Some people think it has nothing to do with them and just sit back and watch the fun.
After the financing reorganization, the largest shareholder is Sihai International, the second shareholder is the official, and the third shareholder He Jianye owns 14.5% of the shares.
When it came to the use of the company's funds, He Jianye was inevitably very concerned. He felt a little nervous, but with a smile on his face, he asked: "Mr. Su, what do you mean by the gambling agreement?"
Su Yehao just sat down and looked at his old man after hearing this.
Like He Jianye, he didn't know exactly what he was betting on. He had clearly just mentioned the bottom line, not the bet.
I saw Father Su smiling happily and said: "My son manages a sum of money for the company. If the investment fails after the time is up, he will make up for the shortfall from his own pocket to ensure that the company does not lose money. However, if the profit exceeds 25%, the extra
The money is converted into company shares, and it is up to him to decide what to do with it."
It is inconvenient to issue new shares, but you can use the profit money to buy them back from the secondary market.
The main reason why I said it would be converted into stocks was because I was afraid that it would be unpleasant to spread the word about the money.
Su Yehao's father still quite approves of Su Yehao's investment skills, otherwise he wouldn't be worried about his family suffering a loss and arbitrarily proposing a gambling agreement.
Su Yehao instantly guessed his father's little thoughts.
He didn't know whether to laugh or cry about this. His original intention was to make more money for the company, which could be used for external acquisitions and independent research and development, so as to shorten the development time of Midland Group.
If your father does this, you will probably gain weight in the end, but the company's profits will only grow to a limited extent.
He Jianye tapped his fingers on the table and asked again: "Mr. Su, I don't know how long you mean by the investment cycle?"
"One year." Su Yehao answered quickly.
"In other words, the company hands you money to manage. If you lose money within a year, you will make up for it privately. If you make more than 25% profit within a year, it will be converted into stocks and given to you?" He Jianye asked again, is it related to the company's interests, or is it a question?
It's better to be clear.
After Su Yehao briefly considered it, he made the decision without authorization and told:
"Not only will the principal be replenished, but the interest on bank deposits will also be paid to the company."
"Furthermore, there is no challenge in making a profit of 25% in a year. I am afraid that you will feel that you have suffered a big loss in the future. Let's add five more points, 30%, as a wish in advance for us to have a happy cooperation and give the company a meeting gift."
"In the future, as long as one party decides to terminate the cooperation, the funds will be withdrawn. My father will not vote at that time. All these can be written in the contract. I will not take any salary from the company. This plan will do no harm to you at all."