Chapter 63 Sole Proprietorship Changes to Joint Venture
September 4th is Sunday, but the headquarters of Jianan Supermarket in Guocheng is extremely lively. Reporters from many media came here early, and even a reporter from Guocheng TV station brought a camera to record it, preparing to
The evening news is broadcast on the city station.
The reason why so many media reporters are attracted today is mainly because today is Xiangjiang Capital’s investment in Jianan Supermarket. This is the first time foreign capital has come to invest in Guocheng since the reform and opening up, so it attaches great importance to this, even the provincial government
Reporters from several news media attended.
This time Xinyu Investment Company invested 50 million yuan to occupy 30% of the shares of Jianan Supermarket Retail Company, making Jianan Supermarket a Sino-foreign joint venture.
The price was set at this price. Only some senior executives knew that Li Yuhang was just switching from left to right. However, due to some needs, Guocheng senior executives did not mind Li Yuhang doing this, and there was no violation of regulations through some of Li Yuhang's moves.
, Xinyu Investment Company indeed invested 50 million yuan in Jianan Supermarket.
As for how the money came from, it was just that Li Yuhang first transferred the funds in Jianan Supermarket's account to Xinyu Investment Company, and then injected capital into Jianan Supermarket.
Of course, this involves some expenses. Although it cost a little money for this plan, Li Yuhang still felt it was worth it.
Jianan Supermarket Retail Co., Ltd. was also renamed Jianan Supermarket Retail Co., Ltd., with Li Yuhang assuming the positions of executive director and general manager. Currently, there is no need to set up a board of directors, as long as there are executive directors. Tao Chengbo will become the company's supervisor, so that the structure of a Sino-foreign joint venture company will be
The project is completed and meets the government's requirements for Sino-foreign joint ventures.
Li Yuhang will not set up any board of directors and supervisory board yet. That thing is of little use to the current Jianan Supermarket. He will wait until Jianan Supermarket is ready to go public in the future to set up these two departments.
After completing the signatures of both parties, Li Yuhang responded to reporters' questions with ease.
As the largest local media, a reporter from Guocheng Daily asked Li Yuhang: "Mr. Li, Jianan Supermarket has achieved rapid development under your leadership in the past year. I don't know what made you willing to take over."
Give up part of the equity and introduce capital from Xiangjiang Xinyu Investment Company?"
"Everyone knows that it has not been easy for Jianan Supermarket to develop to this point. I am also very young and my own capital is relatively lacking.
As a relatively powerful company in Xiangjiang, Xinyu Investment Company has abundant capital and advanced management and technical talents, which can make up for the shortcomings of Jianan Supermarket. With their investment, I believe that Jianan Supermarket will develop well.
It will get better and better.”
A reporter from West China News stood up and asked: "Ms. Xu, what made you decide to invest heavily in Jianan Supermarket Company?"
Xu Xinrong responded with a smile: "Our company has mainly set its development goals in the southwest, and the rapid development of Jianan Supermarket in the past year makes us very optimistic, especially after knowing that Mr. Li Yuhang is so young, our company is even more convinced
This company has brilliant prospects in the future, and we are willing to invest heavily in this area."
A reporter from Yuzhou Daily asked: "Mr. Li, now that Jianan Supermarket is getting bigger and bigger, will it affect the development of Jianan Supermarket if it still has its headquarters in Guocheng? Do you have any plans to move the headquarters?
"
Tang Jianming, deputy director of the Guocheng government who was present, was very unhappy. He could not forget the pain of moving Tiange's headquarters to Chengdu in 1993. Now this Yuzhou Daily reporter actually wants to challenge Li Yuhang and move the Jianan Supermarket headquarters. If not
Considering his image, Tang Jianming is going to evict people, which is too much.
Tang Jianming still has some worries in his heart. Compared with Guocheng and Yuzhou Rongcheng, the influence is much lower. Many well-known companies are thinking of moving their headquarters to these big cities so that their companies can develop better.
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Moreover, Li Yuhang's third uncle currently works in Yuzhou, and Xiangjiang Xinyu Investment Company is also in Yuzhou. He is really afraid that Li Yuhang will move the company's headquarters to Yuzhou on a whim.
Fortunately, what Li Yuhang said next dispelled his worries.
"Jianan Supermarket started in Guocheng and was named after Jianan. No matter what scale Jianan Supermarket develops in the future, as long as I control Jianan Supermarket for one day, the company's headquarters will always be in Jianan and will never be moved there.
Anywhere else.
The development of a company does not depend on where its headquarters is, but on the quality of the products and services it provides. Only by satisfying consumers can the company develop well. I firmly believe that even if the headquarters of Jianan Supermarket
In Guocheng, our company will still become one of the top retail companies in the country."
A reporter from Rongcheng Daily asked: "Ms. Xu, we also believe that Jianan Supermarket will achieve brilliant development under the leadership of Mr. Li. However, compared with the current headquarter in central cities across the country, Jianan Supermarket will probably achieve faster results.
development, I wonder what you think of this matter?"
"Regarding this matter, we very much support Mr. Li's decision. As an investor, the contract we signed with Mr. Li is to enjoy the right to share dividends and not to have voting rights. Our voting rights are fully represented by Mr. Li. We have no right to decide whether to relocate the headquarters.
Intervene.”
It can be said that Xu Xinrong's words were beyond the expectations of the reporters present. This is equivalent to Li Yuhang still having 100% control over Jianan Supermarket.
And with this start made by Xinyu Company, I am afraid that other investors entering Jianan Supermarket will sign similar agreements in the future. In this way, even if Li Yuhang is no longer the major shareholder, he will still be able to firmly control the company.
inside.
Regardless of what these reporters think, Tang Jianming is happy that there will basically be no problems if Jianan Supermarket is headquartered in Guocheng.
Moreover, Li Yuhang and other companies in Yege Fruit City have set a good example, offsetting the impact of Tiange Company's loss of Fruit City in 1993.
If Jianan Supermarket is like Tiange Company this time, I am afraid that companies in Guocheng will follow the same example and move their headquarters to Rongcheng or Yuzhou after the company grows in size.
A reporter from West China Economic News stood up and asked: "Mr. Li, Jianan Supermarket has been expanding rapidly this year, and now it has occupied many markets in the province. This time, a large amount of funds from Xinyu Investment Company have entered. I don't know.
Does Jianan Supermarket have any tangible expansion plans?”
"Our Jianan Supermarket is still focusing on the provincial market. It is expected that during the National Day, our six branches in Tongzhou and nine branches in Sweet City will be opened.
In addition, with this injection of external funds, we plan to enter Lizhou City and the following four counties to establish five branches. We also plan to enter Jiangyang City and the following four counties to establish five branches. We will also build five branches in Chengdu and Yuzhou.
Two more branches were added respectively.
Of course, our Jianan Supermarket will not only operate in the local market. We have established an East China branch. The first branch is located on Chuanshu North Road in the commercial center of Shanghai. We are also looking for suitable shops in Suzhou and Hecheng."
Everyone present could hear Li Yuhang's ambitions. The market in Sichuan and Shu provinces alone could obviously not satisfy Li Yuhang's appetite for expansion. Now he has entered the economically prosperous East China region and is preparing to compete for the market with local retail groups. But he doesn't know where it is.