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Chapter 234 Joint Venture

Liu Xinya was very surprised. This means that she was going to work with Dong Wang again?!

When she joined Huashang International, she certainly wanted to do a career because of her generous salary and benefits.

When she first came, under Wang Ye's leadership, Liu Xinya did a good job, and Wang Ye gave her great autonomy.

But since Wang Ye left the Huashang brand and went to do other careers, Liu Xinya felt that she was not passionate about doing things.

Cai Zi'ang took over the position of general manager. This person's style is conservative, and the cost of publicity and promotion is allocated relatively little. It is hard for a good cook to cook without rice. In this case, Liu Xinya feels restricted when doing things.

If it weren't for the annual salary of one million, Liu Xinya would have no longer wanted to do it.

Now that we are turning around, I heard Cai Zi'ang's opinion, what big move has the company made? If you set up a new company and brand, you will definitely be responsible for brand promotion. Wouldn't you be able to do something again!

...

It’s much simpler for Liu Jian and Chen Qifan, just to be excited and happy.

Finally, we can work with the boss again. Wang Ye, the two of them sincerely admired him.

As for Li Qinghuan's progress over the past two years, several old colleagues also saw it and envied it in their hearts.

Now that it’s finally my turn to work hard with Wang Ye, how could I be unhappy?

...

Although the new company's "Preferred Products" was established, although the board of directors approved unanimously, it still faced many problems in its actual implementation.

The first thing to be affected is the funding issue, because according to the detailed plan that Wang Ye subsequently distributes, the amount of funds required is too large and Huashang International cannot afford it at present.

A few of the 5 billion yuan raised in the expansion of shares were filled in the decoration costs of THE   TOP    The remaining money was withdrawn by more than one billion yuan as soon as the clothing production base started construction. Now, the cash on Huashang International is only 500 million or 600 million yuan.

"Mr. Wang, the company has no money. Although Huashang Brand Division and THE  TOP  SHOP receive monthly payments, the expenses are also very large. The production base has to purchase raw materials one after another, and so many workers have to pay wages. Although the cash flow is positive, it is not easy to take out too much money at once."

Wang Jingcong sat in Wang Ye's office and complained.

Wang Ye thought for a moment and replied with a smile: "Although the new company was created by Huashang International, it does not have to be wholly owned. This way, I personally pay a portion of the cash, and then Huashang will take out the production base and invest in the joint venture to build this new company."

In fact, Wang Jingcong wanted to apply for a loan from the bank, but since Wang Ye is willing to contribute his own investment, that is a good thing. Anyway, he is also the major shareholder of Huashang.

However, the shareholding ratio of this new company needs to be discussed.

Wang Ye didn't think about taking advantage of the company. After all, Huashang International is a listed company, and such major matters must be reported publicly. If he takes advantage of the company, there will be a lot of trouble later.

After discussing with several people on the board of directors, it was decided that Huashang International would take out the ownership of the production base and send a management team and a designer team to invest in the new company.

The company initially invested nearly 3 billion yuan in this production base, and then invested more than one billion yuan one after another. Now it is investing 5 billion yuan in a new company.

Wang Ye personally took out another 5 billion in cash, and both parties divided the shares equally, which was fair and reasonable.

...

Of course, Wang Ye cannot get so much cash in his domestic personal account, and he has to call on the construction funds of Goddess Island again, but this will not affect the construction there, because Fuhua Cosmetics Company is still providing profits continuously, and intercepted it through offshore companies in the Cayman Islands.

It is also a very troublesome thing to call funds from abroad to China. Pitt from Citibank took a lot of trouble and helped Wang Ye transfer one billion US dollars to China through Citi's channels.

The exchange rate of US dollars to RMB is 6.3 now, and the one billion dollar should be RMB 6.3 billion, but after paying the tax and removing the handling fees, Wang Ye got it only 5.5 billion.

Nearly 800 million of them were paid gloriously. Of course, this is the obligation that Wang Ye should fulfill as a citizen.

After the funds arrived, things were easy to handle, and Wang Jingcong began to handle the registration procedures for the "Please Youpin" company.

Of course, Huashang International's stock has been suspended again due to this major issue of the company.

...

Since the beginning of this year, Huashang International has made many big moves.

A year ago, I started a stock expansion financing and acquired THE  TOP  SHOP. After the stock was suspended for a period of time, it soared for many days, and the stock price doubled.

However, because there was no large amount of funds involved, it dropped to about fifty yuan later.

This has not been quiet for two months, and without any warning, it has been suspended due to major issues.

All of a sudden, the attention in the stock market was attracted by this announcement, and Huang was of course no exception.

He made a big profit in speculating on Huashang International's stocks a few years ago. Although he lost 400,000 on the day he left the market, which made Lao Huang feel distressed for many days, he at least made more than 800,000.

When he clicked on Huashang International's stock bar, Lao Huang discovered that Huashang International had just issued a small notice a while ago, but no one paid attention to it at that time.

But now, it is very confusing to be associated with this new major matter.

The notice issued a few days ago was "Instructions on company executives' increase in holdings of company shares."

Lao Huang clicked on this notice and studied it carefully.

There are many contents of the announcement, but they are all official formatted terms. To summarize, there are a few simple sentences.

Huashang International's executive, currently the general manager of THE  TOP   SHOP brand business unit, Li Qinghuan, increased his holdings in Huashang International's stock by 2,000 shares through the secondary market, using 10 million yuan of his own funds.

In addition, Li Qinghuan officially promised that he would not sell his shares in the next year.

Moreover, it is not ruled out that it will continue to increase its holdings in the company in the future.

This increase in holdings is based on Ms. Li Qinghuan's firm confidence in the company's future development and full recognition of the company's value. It is also to enhance investor confidence, stabilize the company's stock price, and protect the interests of small and medium-sized investors.

...

This announcement is indeed fair, but why did it happen to be before Huashang International suspended trading due to major events? Is this a coincidence or is there another reason...

Because of this issue, many investors talked about it under the announcement.

"I bet that Li Qinghuan definitely knew in advance that Huashang International had major issues, so he started buying stocks in advance."

"I'm so angry, why didn't I buy some Huashang International's stock in advance? I guess it will have a big surge this time."

"Don't be so sad, it's reasonable and compliant for the increase in holdings, and even promised not to sell the shares in your hands within a year. If it were because of this major event, who would have been so stupid to use the executive's own account to buy stocks?"

This message is more reasonable. Think about it calmly, this is indeed the reason.

If Li Qinghuan knew in advance that the company would have major issues and judged that the company's stock would have a surge in a short period of time, wouldn't she use an irrelevant account to buy Huashang International's stocks privately?

In that case, you will not be noticed and you will not have to promise not to sell your stocks within a long time. When the stock price rises sharply, you can cash out at any time.

Lao Huang also recognized this analysis. He estimated that the executive had a lot of money to invest in, and he was optimistic about the company's development, so he directly increased his stake in the company.

Seeing that others have a casual amount of 10 million yuan, Lao Huang is so envious. Unfortunately, he graduated from Pheasant University and has not made any progress in so many years. If he hadn't made a fortune in Huashang International's stock, he would still be a loser now.

...

As for the important matters issued by Huashang International, everyone is also guessing what it is.

The first announcement did not explain what major matters the company had, but said it would notify it at any time.

Sure enough, within a few days, the new announcement was issued.

"HuaShang International will jointly create a new clothing brand company with the company's chairman Mr. Wang Ye.

The specific investment situation is Huashang International, with the entire clothing production base and operation design team, investing in the new company, accounting for 50% of the new company's shares.

Mr. Wang Ye personally invested 5 billion yuan in cash, accounting for 50% of the new company's shares."

Sure enough, another big move! Old Huang exclaimed.

Huashang International now has two brand business units, which is actually equivalent to two branches.

Now that I have invested in a new company, what do I want to do? Should I do multi-brand operation like those old clothing companies?

However, this is reasonable. There is always a limit for a brand to develop to a certain extent. If the company establishes a new brand, if it can operate well, it will be equivalent to double the company's size.

Let’s see which clothing giants in China have very few real single brands, and some companies even have dozens of brands.

Belle Group is a good example. In addition to its own brand, it also represents many foreign brands. It is simply a dominant player in the shoe industry market.

Is Huashang International going to follow the path of Belle Group now?

Of course, experts can only watch the fun.

Lao Huang is a standard layman. He cannot see the intention of Huashang International to establish a new subsidiary, nor do he know what the subsidiary will develop in the future.

He only knew that after Huashang International stock resumed trading, there would be another big surge!

It's so uncomfortable. I didn't get a ride this time, otherwise, wouldn't it be another big profit?
Chapter completed!
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