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Chapter 198 "Stubborn Stone Technology" Reaching 10 Billion Series

Chapter 198 "Stubborn Stone Technology" Reaching 10 Billion Series

"Well, let's smooth out the funds that invested in Wanshi Technology in the first place, otherwise it will always be in the account, and it will be a trouble sooner or later."

Hu Yang used the name of the offshore company in the Cayman Islands to invest in Wanshi Technology.But that company is a shell company, and the funds are transferred around, but in fact it is all the money from Huijia Holdings.

I called the accountant of Huijia Trading, discussed the account transfer process with him, and then called Xiangjiang Weida Electronics for a sum of US$722.89.

The capital balance of Xiangjiang Huijia Trade has become 12.71 billion and 53.26 US dollars.

At the same time, Huijia Holdings received a repayment of 6000 million yuan (RMB), and there was no problem with the accounts.

Now Hu Yang feels that the role of the two companies registered in Xiangjiang and the Cayman Islands by Xinshou at the beginning is becoming more and more obvious.All in all, he still needs to take a longer view. He can't just focus on the country, but occasionally he has to look for greater opportunities around the world.

After returning to Yangcheng, he was thinking about a new question, who is more suitable to stay in Xiangjiang by his side?
The status of Xiangjiang Huijia Trading Company has become increasingly prominent, and it is impossible for Hu Yang to be left aside as before.Most of the staff can be hired locally, but there must be someone you can trust there.

After a comprehensive comparison, Hu Yang thinks that Xu Younian is still competent.

"One year, I wanted you to go to Xiangjiang to take over a company. Well, that company is currently relatively well-funded, but its main business is not outstanding. If you are willing to go, the company there will focus on trade and investment in the future. Slowly explore a path of development."

Hu Yang had a talk with Xu Younian, but he wasn't sure if the other party would like to stay in Xiangjiang.

"Mr. Hu, I'd like to go. But I can't speak Cantonese well, and neither can English. I wonder if I can get used to it?"

Xu Younian was willing to go, but he was worried.His understanding of Xiangjiang is very vague, and he has no idea.

"It doesn't matter, as long as you can speak Mandarin, the rest will be gradually practiced. When you get there, you will be assigned an assistant later. In this way, you can handle most situations."

Hu Yang seemed very happy when the candidate for the general manager of Xiangjiang Huijia Trading was decided.But Xu Younian didn't take office so quickly, it took almost half a month just to hand over the work.

For Huijia Holdings, Hu Yang has hired a new deputy general manager.This person is called Mu Shaoqing, in his early 30s, and has experience working in foreign "venture capital" companies.He will succeed Xu Younian as the company's vice president of operations.

This "Mr. Mu" is a talent recruited by Hu Yang by a headhunting company, and the specific quality has to be verified in future work.

At present, Huijia Holdings still has more than 1 million funds in its account.The bank's 1.8 million loan has already been repaid with principal and interest, but the company has no foreign debts.

"Mr. Hu, do you still have any memory of the projects that Vice President Xu had at the time? There are problems with these projects, and I need to talk to you."

The handover work between Xu Younian and Mu Shaoqing has come to an end, on this day Mu Shaoqing suddenly came to the office to look for Hu Yang with a pile of documents.

Mu Shaoqing has a mediocre appearance and is a little arrogant in his conduct, but generally speaking, he is easy to get along with.I didn't expect to angrily criticize the project in the hands of my predecessor as soon as I walked in the door today.

Hu Yang has the impression that these projects were handled by Xu Younian when he delegated power to him. The total foreign investment was 3000 million yuan.

"Have any questions? Come on, Mr. Mu, sit down first, let's talk slowly."

Although Hu Yang has delegated power to these projects, it is not indifferent. At least there are still internal audit and supervision procedures in the company.Therefore, when he heard Mu Shaoqing's words, he was also very curious, not knowing where the problem was.

"Mr. Hu, although these projects are not big, they all belong to high-risk industries. Such high-risk projects must be withdrawn as soon as possible, even if they earn a little less."

As a venture capital, of course, we must pursue relatively large profits.But it is not just sticking to it blindly. It is also very important to withdraw funds in a timely manner.

Hu Yang breathed a sigh of relief, as long as there is no artificial intention, nothing else can be said. "Mr. Mu's opinion is reasonable. In this way, you quickly hand over to Mr. Xu, and then you are responsible for withdrawing the investment. You don't have to be too harsh on the profit."

Mu Shaoqing originally didn't want to sue Xu Younian for the black case, he just didn't want to hand over the ambiguity and let himself take responsibility in the future.

Hearing what the boss said, Mu Shaoqing felt relieved, and immediately completed the handover with Xu Younian.

On the day Xu Younian took office, Hu Yang personally took him to Xiangjiang.

The current Xiangjiang Huijia Trading Company has three or two cats, big and small.There is a business manager, a part-time accountant, cashier and legal counsel and so on.

The company's office is located in Xihuan, which is in a good location, but the office space rented is not large.

"Mr. Hu, the company may need to recruit some employees, such as assistant general manager, talents in risk assessment, international trade, finance, and securities and futures. Of course, the number will not be too many. After all, the labor cost here in Xiangjiang is too high.”

Xu Younian could only think of so much for the time being, and Hu Yang gave him the green light for everything.

Only in terms of securities and futures, Hu Yang does not plan to recruit regular employees, just hire one or two consultants in this area.

"I have a broker from East Asia Securities, surnamed Yu, you can contact him later. If he is willing to do it, he is a good candidate."

Hu Yang has a good impression of that manager, and this part-time job doesn't take up much time, but uses his experience more.

It was arranged that for Xu Younian, Hu Yang did not live in Xiangjiang, and he returned to the deep sea in the evening.

"Young Master Chen, you are very dedicated now. I heard that you haven't been home much in the past two months. Hehe, thank you for your hard work. I came here specially to visit you today."

I made a phone call in advance and met Chen Jialin who came to pick up Hu Yang when I got out of the gate.

Chen Jialin looked darker and thinner in the past few months. Now he and Qi Shumin are busy all day long, so there is no time to go back to Xiangjiang to be chic.

"Hehe, how dare you bother Mr. Hu? I said brother, get in the car quickly, don't grind your teeth, I haven't eaten dinner yet."

Chen Jialin just couldn't understand Hu Yang's fake appearance, so he made a joke and dragged Hu Yang into the car.

"Seriously, is Wanshi Technology really so busy right now?"

For the past few months, Hu Yang has been thinking about the Hang Seng Index, and he really hasn't paid much attention to the situation of Wanshi Technology.

"Well, recently the company has received an order of 50 units from Ericsson, and the production volume of mobile phones is not small now. In addition to the order of PHS, and the continued production of VCD machines, how can I have free time?"

At present, the foundry of Wanshi Technology is divided into three parts, and the foundry of mobile phones is on the rise.

"Yes, to express my apologies, I will treat you to dinner tonight."

Hu Yang smiled slightly, knowing that Chen Jialin was not complaining.The reason why he gets along well with Young Master Chen is because Chen Jialin is a person who can both enjoy and endure hardships. No matter how life is, he is definitely a trustworthy partner in career.

"Brother Hu, I have a headache. If things go on like this, Wanshi Technology will have to expand its scale."

They found a restaurant, and the two sat down, and after a few drinks, Chen Jialin chatted about the situation of Wanshi Technology.

Hu Yang nodded, the foundry industry must first have scale, without scale there is no cost advantage.And capital and technology are the basis of scale. Therefore, the threshold of this industry is actually quite high, and the development of Wanshi Technology has an element of luck in it.

Speaking of luck, in fact, Wanshi Technology is in its infancy, benefiting from the rapid development of the domestic VCD industry in recent years.If you are one step ahead, you will be able to take the lead step by step. This is the benefit of an advanced vision.

"Come on, Young Master Chen, what's your charter? Do you want to continue to increase capital and share or borrow money?"

Hu Yang is more inclined to increase capital and share rather than loans. After all, huge loans will bring great financial pressure to the company.

However, he did not express his thoughts directly, but handed over the choice to Chen Jialin.

"Loans can only solve the problem of short-term working capital, but cannot solve the problem of long-term development of the enterprise. In my opinion, let's stop paying dividends for the time being this year, and turn most of the accumulated profits into equity capital. In addition, we each reinvest What do you think of a part of the funds?"

According to Chen Jialin's vision, Wanshi Technology needs to build four more standardized factories, and the number of employees is expected to exceed 10000.According to this scale of development, in fact, Wanshi Technology itself is equivalent to a small industrial park.

The annual profit of Wanshi Technology is very considerable, but the expansion of the scale of the enterprise has been going on simultaneously, even if it is a dividend, it cannot produce too much cash.

"Well, I agree with your idea in principle. In this way, let's do the financial calculation tomorrow, and deal with the transfer of capital first, and then discuss the matter of capital increase and share expansion."

Hu Yang basically agreed with Chen Jialin's plan.

The next day.

Hu Yang and Chen Jialin came to Wanshi Technology early in the morning and asked the finance company to issue a report on capital increase.

From the company's opening to the present, including the profit from hoarding VCD core components, the net profit of Wanshi Technology is 4.8 million yuan.However, the liquidity on the books must be far from that much, and most of the funds have been invested in land, factories, machinery and equipment, etc.

After the capital increase, the registered capital of Wanshi Technology is 6 million yuan, and Hu Yang's offshore company and Xiangjiang Weida Electronics behind Chen Jialin each account for 50% of the shares.

Chen Jialin thought for a while and said, "Why don't our two companies invest 2 million yuan each to expand the registered capital to 10 billion yuan."

In the late 90s, a company with a registered capital of one billion yuan was definitely a large company.With this scale, even world-class companies have a solid foundation to work with.

"I have no problem. Young Master Chen, please draft the agreement. We will increase the capital and share capital and change the capital, and we will complete it together."

Wanshi Technology is the true "son" of Hu Yang, although he does not participate in management.

(End of this chapter)