Chapter 762 Shenghua Clothing
After the Spring Festival Fair ended, Song Yuanchao returned to Jinling with the group and was warmly welcomed and commended by the leaders.
I will not go into details about these. After dealing with these, Song Yuanchao went to meet Lin Daoyuan and chatted with him in the study for an entire afternoon. He discussed in detail the proceedings of the trade fair, including his views on the role of future trade fairs in outward-oriented exports and his own opinions and views from a corporate perspective.
After a day off, Song Yuanchao returned to the company to deal with the backlog of work. He held meetings for several consecutive days, communicated with the company's senior executives, and made some arrangements for the upcoming peak sales season.
After dealing with these things, half a month passed in a flash, and Song Yuanchao once again boarded a plane to Hong Kong.
I have to go. Firstly, Lin Yan has just finished her confinement. I have been away for so long and she misses her wife and children so much. I have to go see them as soon as possible.
Secondly, preparations for Shenghua Company's listing have already begun. Although Song Yuanchao has handed over the preliminary work to Qin Zhengguo and others, as the actual controller and major shareholder of the company, Song Yuanchao must handle some things personally, otherwise the subsequent procedures cannot be carried out.
Directly transfer from Jinling Airport to Shanghai Airport, and then arrive in Hong Kong.
After arriving in Hong Kong, the car sent by Qin Zhengguo was already waiting outside the airport. After getting in the car, Song Yuanchao went straight home to visit his wife and children. He hadn't seen his little girl for so many days, and she had grown up. She was fair and tender and very beautiful, especially her big watery eyes, which were particularly attractive.
Holding the child in his arms and smelling the sweet scent of milk on her body, Song Yuanchao wanted to kiss his daughter hard. However, looking at the child who was sleeping soundly with her little mouth pouting, he couldn't bear to wake her up and just laughed.
The next day, Song Yuanchao did not go anywhere and stayed at home with them for the whole day. It was not until the third day that he took a car to Shenghua's headquarters.
After arriving at Shenghua headquarters, Song Yuanchao walked into the conference room. All the people attending the meeting today were already in the conference room. The seat directly occupied by Qin Zhengguo. Originally, the seat to Qin Zhengguo's left was occupied by Xu Hui, but because Song Yuanchao was attending the meeting today, Xu Hui sat in the first seat on the right.
Logically speaking, as the major shareholder and actual controller of Shenghua, Song Yuanchao should sit in the main seat, but Song Yuanchao rejected this suggestion and still let Qin Zhengguo sit.
After all, Qin Zhengguo is the nominal chairman of Shenghua's board of directors, so there is no need for Song Yuanchao to take the limelight. He came to the meeting today only to attend and did not intend to show up as the actual controller.
But in the conference room, most people knew Song Yuanchao's identity. In addition to the members of the board of directors, the participants included senior executives of Shenghua Holdings and financial experts hired by the company.
Gu Jie and Li Daqi didn't come. Gu Jie's shopping mall in Shanghai is about to be completed, and he has been keeping an eye on the progress these days. As for Li Daqi, he is very busy with the mainland business, including Shenghua Telecom's business, and he can't leave for the time being. Anyway, everyone has met privately before and reached a consensus on this matter, and at the same time gave Song Yuanchao and Qin Zhengguo voting authorization, so it doesn't matter whether he comes or not.
It was Luo Yang who came. He happened to be in Hong Kong these days handling his company's affairs and attended this meeting by the way. He sat on Song Yuanchao's left, second only to Xu Hui in terms of seating arrangement, and attended the meeting as a shareholder.
Xu Hui presided over the meeting as the president and announced the start of the meeting.
The main content of this meeting was the business divestiture and listing preparation of Shenghua, among which Shenghua's textile and clothing industries would be separated from Shenghua Group to form a Shenghua Garment Co., Ltd.
Originally, Song Yuanchao and others considered using a new name for the company, but later gave up the idea and continued to use Shenghua. This was mainly because Shenghua was too famous, and changing the name would be disadvantageous for the listing. In addition, the capital and financial circles also hoped to continue using the Shenghua brand instead of changing the name, because this would affect the interests of the company after the listing.
In this way, Shenghua Clothing was born, and all the textile and clothing industries under the name of Shenghua Group were assigned to Shenghua Clothing, in addition to some clothing accessories factories and related supporting factories.
After divestiture and reorganization, Shenghua Clothing will be listed separately to complete this task.
Song Yuanchao sat there quietly without saying a word, listening to the personnel introducing the work and watching the slides and text explanations.
He actually knew the contents a long time ago. To put it bluntly, today's meeting was just a formality to discuss some relevant details.
The meeting lasted from morning until around four in the afternoon, with a one-hour break and lunch in between.
After the meeting, Song Yuanchao and others also made a decision and approved the decision of this meeting in the name of shareholders and the board of directors. The next step is to formally prepare for the underwriter to start operations and enter the stage of fundraising and formal listing.
These had also been arranged long ago. Since Shenghua's listing attracted a lot of attention and all communications had been completed with the financial community and capital, the listing operations for local companies in Hong Kong were not complicated, especially for a well-known company like Shenghua with good assets and operations. If nothing unexpected happens, it would be completed quickly.
After the meeting, Song Yuanchao and his party came to the chairman’s office, which is Qin Zhengguo’s office.
There are not many people, besides Song Yuanchao and Qin Zhengguo, there are Luo Yang and Xu Hui.
"I'm so tired. I've been in meetings all day, and I don't understand a lot of things. But I still have to pretend to know everything, smiling and nodding. Look, my face is about to cramp." As soon as he entered the room, Qin Zhengguo did a "Ge You pose" on the sofa and couldn't help muttering a few words.
This made Song Yuanchao and Luo Yang burst into laughter, and even Xu Hui covered her mouth and laughed secretly.
Qin Zhengguo is a person of this nature. People who are familiar with him know that he can be a bit funny sometimes. However, if you really think of Qin Zhengguo as a ignorant person, you are totally wrong. Although Qin Zhengguo doesn't know much about some professional things, he is very sharp and has strong judgment in business. It is impossible it?
Just a few months ago, a financial special issue in Hong Kong specially published a large photo and report on Xu Hui. The article praised Xu Hui as the president of Shenghua and even compared her with the Iron Lady of England, saying that Xu Hui was the Iron Lady of Hong Kong's business community and the pride of Hong Kong's modern professional female managers.
Having worked with Qin Zhengguo for so long, Xu Hui knows Qin Zhengguo very well. Although Qin Zhengguo usually smiles, he is very stern when he puts on a serious face. Xu Hui has come to where she is today because of Qin Zhengguo's trust in her during the most difficult times. She is more loyal to Qin Zhengguo and the company than most people. Moreover, although Qin Zhengguo is the chairman of the board of directors, don't forget that Song Yuanchao is the real boss. Xu Hui knows Song Yuanchao's ability better than anyone else.
After making tea for everyone, Song Yuanchao thanked Xu Hui who handed him the tea, and then said, "The listing is settled. Sister Hui will have to work hard for a while."
"This is my job, it's my duty." Xu Hui nodded with a smile.
Song Yuanchao continued, "This time, Shenghua Headquarters took the opportunity of the listing to divest its industry. In addition to the already determined Shenghua Clothing shares, the headquarters' shareholding ratio will also be adjusted. The plan is what we discussed before. In addition, Shenghua Group's holdings will be transferred to the newly established Shenghua Capital. Do you all understand this?"
Qin Zhengguo took a sip of tea, put down the cup and said, "I understand. This matter has been settled. The transfer of shares will be signed after Sister Hui arranges it. But to support North Korea, do we have to set up Shenghua Capital? Is it necessary? Isn't it the same with the current Shenghua Group holding the shares?"
"Haha, it's hard to explain this in a few words, but I can guarantee that the establishment of Shenghua Capital will only bring benefits to Shenghua. If you don't believe me, just ask Sister Hui and you'll know."
"Mr. Song is right. Although our Shenghua Group's equity was previously controlled by cross-shareholdings between two overseas offshore companies, this operation still has disadvantages. In addition, Shenghua's current development is very different from before. It has shifted from a single textile and clothing industry to other industries, and the industry has also been diversified."
"In addition, there are the establishment of a US branch and investment in R&D institutions. The previous model is no longer suitable for Shenghua's future operations. Mr. Song established Shenghua Capital this time to adjust the original model in order to take advantage of the opportunity of Shenghua Clothing's listing to reorganize the company."
At this point, Xu Hui glanced at Song Yuanchao and asked with a smile: "If I'm guessing correctly, the establishment of Shenghua Capital is also due to the future investment industry, right?"
Song Yuanchao burst into laughter immediately. Xu Hui's vision was indeed sharp and she saw through his thoughts at a glance.
"Sister Hui guessed correctly. Shenghua Capital does have such a purpose. In addition, after Shenghua Capital is established, one or two professional investment companies will be established under Shenghua Capital. The main function of the investment company is to invest in some potential enterprises and emerging industries. So next we have to find a way to recruit some suitable professionals in the financial and investment fields to prepare."
"Don't worry, Mr. Song. I have already been investigating professionals in this field through headhunters." Xu Hui replied.
Qin Zhengguo laughed when he heard this: "Since you think this is a good way to do it, then do it this way. Luo Yang, what do you think?"
Luo Yang shrugged and said, "Don't ask me, I'm just making up the numbers, as long as I don't suffer any loss."
"Hahaha!"
Everyone laughed at once. Luo Yang's words were very practical. Song Yuanchao said happily, "I promise that you won't suffer any loss. Besides, if you don't suffer any loss, you will get some benefits. You can rest assured."
"This is a good relationship. You said it, let's prove it. If I feel that I have let you down, don't blame me for going to your house for dinner every day. I will have to rely on you for the feasting and partying every night."
"Welcome! As long as you are not afraid that Xiaoyun will kick you out of bed and make you sleep on the floor and kneel on the washboard at night."
“You kid…!”
Luo Yang glared, then laughed.
