"Kuxing is currently in a transition period, shifting its products towards milk coffee. This ti, Qiuqiu Flying Car advertised us without contacting Kuxing, causing us significant losses."
"I understand what you an." As soon as Chen Yiyang finished speaking, Wu Changxun imdiately responded, "You don’t need to worry about the ’Produce 101’ issue anymore. Song Xi and Yang Jinlu will be treated fairly."
That’s why people can beco senior executives at Tengxu.
Hearing this puts one at ease.
"Alright, then there’s no problem on my end. I’ll reassure the company and ensure internal managent does not pursue this matter further."
After both parties ended the call, Chen Yiyang deleted his Weibo post and browsed online for a while.
Although Tengxu handled the matter decisively, quickly appeasing the two aggrieved parties: Kuxing and Old Mom Chili Sauce, preventing them from continuing to pursue Tengxu,
the incident still had so impact.
Even though Tengxu was marketing itself with a silly and naive image on its official blog, Douyin’s parent company, Heartbeat Group’s vice president, still criticized Tengxu on Weibo for using non-comrcial forces to serve itself, demonstrating Tengxu’s usual arrogance.
But this had nothing to do with Chen Yiyang.
Having spent half a day on Ludao Island, Chen Yiyang was about to leave when he received an official invitation.
A local official association on Ludao Island invited Chen Yiyang to attend a eting.
Since Kuxing still had to rely on so official support from Ludao Island during its transition, Chen Yiyang had no choice but to attend.
The eting was boring, mostly filled with empty talk, likely organized by the leaders to boost their achievents.
However, after the eting ended, a sowhat familiar person approached Chen Yiyang.
"Who are you?"
"We t last ti. I’m Yan Kuan from Gundam Capital."
"Hello, hello." Chen Yiyang shook hands with him.
Chen Yiyang rembered. When he first ca to Ludao Island, this person stood at Kuxing’s door hoping to chat with him.
Gundam Capital is actually considered Kuxing’s second-largest shareholder, holding 12% of Kuxing’s shares.
Gundam also has a lot of faith in Kuxing. Even after Kuxing was shorted, they still hoped to acquire Kuxing’s shares from Zheng Lu.
Chen Yiyang realized at this mont.
The so-called eting invitation was false; it was this Mr. Yan who wanted to et him.
The Chen Yiyang of today is no longer the person who would worry over a minor provocation.
His current wealth, the companies he owns, and his public reputation ensure his safety to an extent.
Not to ntion he is one of Lin’an City’s citizen representatives.
So he straightforwardly said to Yan Kuan, "Do you have sothing to discuss with ? If so, please be quick; I need to catch a flight back to Lin’an."
"That’s right." Yan Kuan’s expression remained unchanged, his deanor stable. "I want to talk to you about Kuxing Coffee’s transition."
"If Gundam Capital has any objections to Kuxing Coffee’s future developnt plans, you can follow company procedures and raise it at a shareholders’ eting." Chen Yiyang bluntly refused to engage in off-the-record discussions about company issues with Yan Kuan.
Chen Yiyang had no issues with Gundam Capital.
The current situation is that Gundam Capital is showing him a bit of disrespect.
After Chen Yiyang acquired Zheng Lu’s shares, Gundam Capital should have sent their shareholder representative to formally communicate with Chen Yiyang.
However, since Chen Yiyang took charge of Kuxing, Gundam Capital had never shown up, rely sending businessn like Yan Kuan, with connections, to attempt private discussions.
Chen Yiyang certainly wouldn’t give them any face.
"Going through the shareholders’ eting might not be advantageous for you."
"What do you an?" Chen Yiyang looked directly back at Yan Kuan.
"Kuxing Coffee plans to transition, and Gundam Capital, as a shareholder, is supportive,
but what we currently observe is that Kuxing Coffee intends to establish a new subsidiary and sub-brand to do milk coffee business.
I’d like to ask if the equity and copyrights of this subsidiary and sub-brand are 100% owned by the parent company, Kuxing Coffee?
Is Kuxing Coffee’s current managent and so major shareholders trying various ways to take equity in the subsidiary and profits, essentially stealing what should belong to the parent company?"
After Yan Kuan finished speaking, it took so ti for Chen Yiyang to understand what Yan Kuan ant.
A boss who doesn’t take money from their own company isn’t a good boss.
Chen Yiyang’s previous arrangents for people in the company to earn high salaries and report personal expenses to the company accounts were trivial.
The proper way to extract benefits from a company is to form another company as a supplier to the parent company, selling materials at high prices.
Or let the parent company establish a subsidiary company, with the boss investing nothing but still acquiring a portion of the subsidiary’s shares through various thods.
This way, besides receiving dividends from the parent company, the boss can also obtain additional dividends from the subsidiary.
God knows, Chen Yiyang never had such an idea before.
He planned for the new subsidiary milk coffee brand Kuxing wants to establish to be wholly owned by Kuxing.
But what Yan Kuan said actually inspired Chen Yiyang with new ideas.
"Your question is well-posed, truly enlightening ," Chen Yiyang directly thanked Yan Kuan, "I just realized that the money in Kuxing’s account is actually insufficient to support the transition."
"What do you an?" Yan Kuan looked at Chen Yiyang in confusion.
Chen Yiyang didn’t say more to Yan Kuan; he left the venue straight away, headed to Kuxing’s headquarters, and called for Jiang City and Lin Tao.
"How much money does the company currently have on account?"
"A total of 160 million, of which 100 million was transferred by you to the company account."
Chen Yiyang had transferred 100 million to Kuxing to stabilize its cash flow and morale, to avoid concerns that Kuxing ran out of money.
Apart from Chen Yiyang’s 100 million, the remaining 60 million in the company account sounds like a lot, but this 60 million has to cover employee salaries, rent, and pay suppliers.
In the end, not much is left.
And currently, Kuxing is also facing a lawsuit in the United States for 160 million US dollars.
"I didn’t specify whether that 100 million was a loan or investnt, did I?"
"Are you taking the 100 million back?" Jiang City worriedly asked.
"Not at all." Chen Yiyang shook his head and said, "I’m planning to use that 100 million to invest in the soon-to-be-established subsidiary of Kuxing."
"Let’s na the subsidiary ’Little Deer Milk Coffee’. I’ll invest 100 million for a 30% stake, the parent company Kuxing will hold 50%, and the remaining 20% will be for setting up an employee shareholding association. In the future, we can have an employee stock ownership plan."
Reviews
All reviews (0)