Setting up a holding company was Feng Yu's plan a long time ago. When there are too many companies, it will be difficult to manage them. When all the shares are gathered into a holding company, it will be easier to manage the company. Feng Yu only needs to guide and control the company's policies, and he does not need to participate in the company's operations.
Most of the world's famous companies are holding companies. For example, Exxon is a subsidiary of Rockefeller Foundation and has many companies under it.
Also, when setting up such a company, the financial capital can control or even manipulate other companies whose capital is several times more than the financial capital of the company. The holding company will be an independent legal person.
There was another great benefit, and that was in terms of taxation, they could get a certain amount of convenience, and they could reasonably avoid taxes.
Furthermore, the advantages of each enterprise could form a good complement, and they could also avoid some legal restrictions.
But Feng Yu thought for a while and felt setting up a holding company is not a good idea as he has too many companies. He should set up one company in China and one company overseas to manage the assets in China and overseas. This way, he will be able to increase his risk tolerance.
"Zong, are you in Hangzhou? Yes. I need to talk to you. "After informing Zong Qingxian, Feng Yu flew to Hangzhou.
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"General Manager Feng, why are you in such a hurry? What's the matter? Is there any problem with the overseas sales? "
"Not yet. I am here to talk to you about two things. First, we had agreed that Wahaha will sell its Jianlibao shares to me, and I will sell Jianlibao's Wahaha shares to you. "
"Of course. We can trade anytime." Zong Qingxian was rich now, but he did not live a luxurious life. He was saving his money and waiting to buy back the Jianlibao shares that Wahaha had exchanged for Jianlibao shares.
"Second, I want to invite you to join Taihua Holdings!"
Taihua Holdings? Zong Qingxian frowned. From the name, he knew this is Feng Yu's company. But what does this company do? Why invite me to join?
"General Manager Feng, I don't quite understand."
"I intend to merge the shares of all the companies in China into one company. But I do not have the time to manage this company. So, I want to invite you to be the CEO of this company."
"Are you talking about the shares of the companies you use in China?"
"Yes. All the shares I own in China, including some overseas investments, will be transferred to Taihua Holdings. Taihua Holdings can even set up its headquarters in Hangzhou to make it easier for you to manage. If you're willing, you can inject your company's shares into this company in exchange for some shares. "
Among the people in China, Feng Yu thought for a long time. There were only two suitable people. One was Liu Chuanzhi, and the other was Zong Qingxian. Lenovo was currently in a period of rapid development, and Liu Chuanzhi was needed in many areas. Wahaha, on the other hand, was different. Zong Qingxian could be a hands-off boss.
"What companies are included?" Zong Qingxian was tempted. If he could manage all of Feng Yu's companies, it would be beneficial for Wahaha's development. He could also get a share of the profits from other companies.
"Lenovo Group, Wind & Rain Electronics, Wind and Rain Appliances, Aiwa Electronics, Wahaha, Hua Xia Beverage Group (Jianlibao), Tai Hua Supermarket, Bing City Machinery, Bing City Pharmaceutical, Quanjude, Tai Hua International Trading, Tai Hua Agricultural Products Company, Tai Hua Battery, Weather-resistant Design, Wind and Rain Security, Taihua Consulting, etc., including my father's companies, overseas beverage alliance, electronic factories in Eastern Europe, etc."
Zong Qingxian was shocked. All these companies' shares were controlled by this Taihua Holdings? This way, Taihua Holdings will become a giant enterprise or Hua Xia's number one private enterprise! But Feng Yu wonders if the term 'private enterprise' can be removed.
But Zong Qingxian realized the shares he owns in Wahaha will be too little after he invests them into Taihua Holdings.
Some of these companies' profits were higher than Wahaha, but some of them were not as profitable as Wahaha. Overall, Zong Qingxian did not suffer any losses.
Also, from now on, he will be able to manage so many companies, and his status will rise to new heights.
"How about it? Zong, join us. You will invest in Wahaha's shares, and I will compensate you with some of my management shares. You will own 2% of Taihua Holdings' shares!"
2%?!
According to Zong Qingxian's estimation, the value of his Wahaha's shares was only 1%. Feng Yu had doubled his shares, and it was enough to prove Feng Yu's sincerity.
"General Manager Feng, isn't it a bit too much?"
"It's not much. Your talent is worth this price! But you will have to work harder in the future. There are so many companies, and the work you need to handle is much more than Wahaha. Ten years. Help me for ten years. After ten years, I will choose a new successor. Whether you want to retire or not, it is up to you. "
"Why me? I remember your brother-in-law is good at managing companies, and many of your companies have good management talents. "
"Because I think you are the most suitable person. No matter if it is ability, experience, character, connections, status, etc., you are one of the most suitable people."
One of the most suitable people? Zong Qingxian asked curiously. "If I don't agree, who else are you going to look for?"
"If you don't agree, I will look for Liu Chuanzhi and persuade him to leave Lenovo to help me. But now, I am inviting you." If Liu Chuanzhi also does not agree, then Feng Yu can only try Duan Yongping's ability.
"General Manager Feng, how much authority do I have in this company?"
"You will have the final say on everything that does not involve the changes of the subsidiaries' shares. Same rules as before. I will not interfere with the company's operations, and you can appoint the management team. I will only appoint the financial officer. "
Feng Yu had given Zong Qingxian enough authority, and Zong Qingxian did not expect this. This was different from Wahaha. Wahaha was founded by Zong Qingxian, and Feng Yu had invested in it. It was understandable that Feng Yu does not want to be involved in the management of the company. But Taihua Holdings was founded by Feng Yu, and Feng Yu was the major shareholder of the company. How could Feng Yu be willing to let go of his authority?
Feng Yu sat opposite Zong Qingxian, and his fingers were tapping on the sofa's armrest. He was waiting for Zong Qingxian's decision. Feng Yu believed that Zong Qingxian would be moved by such generous terms.
"General Manager Feng, Taihua Holdings is not suitable to be set up in Hangzhou. Shanghai or Beijing is more suitable." Zong Qingxian raised his head and said.
Feng Yu was overjoyed. "Zong, you agree?"
"Such good terms. How can I not agree? Seems like I will have more work to do in the future. "Zong Qingxian laughed.
"Hahaha. You can hire more assistants or assistants. The company does not lack those salaries. Also, those with good performance will get a big bonus at the end of the year. I said it! "
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