In Hong Kong, we build a global business empire

Chapter 104 Dividing the Family Property

As for the issue of succession, from the moment Lin Haoran officially became the chairman of Qingzhou Yingni Company, the outcome has been settled and there is no suspense anymore.

However, there is still more than half a year left before the one-year period, and he did not expect that his elder brother would voluntarily admit defeat in advance.

As Lin Wanan finished speaking, the study became quiet.

Lin Haoran himself did not show too much joy in the face of this sudden confirmation of his inheritance rights. His face remained as calm as before. After all, after he traveled through time and space, he was destined to be the heir.

On the other hand, Lin Hao Ning's face could not hide the look of disappointment. The regret and unwillingness of not being able to achieve his goal were clearly written in every subtle expression.

Seeing this, Lin Wanan broke the silence at the right time. He said in a fatherly tone: "Since the three of us, father and son, are gathered together today, and the competition for the successor has come to an end ahead of time, then I will take this opportunity to re-plan and distribute the family's business and wealth to ensure that our family's future can develop more harmoniously and steadily."

Divide the family property?
At this time, Lin Haoran and Lin Haoning both focused their attention on Lin Wanan. Obviously, this sudden proposal to divide the family property was beyond their expectations.

However, neither of them showed any opposition.

Especially Lin Haoran, since he has recognized this identity, he has accepted everything about his predecessor and naturally hopes that his father can recuperate well.

Otherwise, if he continued to manage the Wan'an Group day and night and often had to attend social events, his health would completely collapse in less than two or three years.

If I retire early now, my body may gradually recover after some conditioning.

"Daddy, just go ahead and make the arrangements." Lin Hao Ning was the first to express his opinion, "Whatever decision you make, I will accept it unconditionally without any complaints."

Then, Lin Haoran also said with a smile: "Dad, I support your decision to retire from Wan'an Group early. Please rest assured that I will do my best to lead Wan'an Group to a more glorious future and will never let you down."

"Regarding the division of the family property, I have already thought deeply about it and made a detailed plan. First, let me explain to you the current property status of our Lin family.

In Wanan Group, I hold 49.99% of the shares. In addition, your mother also owns 10% of the group's shares.

In addition to these, we used part of the wealth accumulated from running the Wan'an Group over the years to invest in the Wanfeng Fan Factory and the Huafeng Cement Factory; part of it was invested in the Fung Cheung Commercial Building in Sheung Wan as a property for rental; and we also hold a 50% stake in the Wanhe Hotel in Yau Ma Tei, which we co-founded with others.

In addition, I also hold a plot of land of more than 5 square feet near Tsim Sha Tsui and Lam Tin in Kwun Tong in my personal name. All these properties are separate from the assets of the Wan An Group.

Last month, I also acquired 12.6% of the shares of the former chairman of Qingzhou Yingni Company.

As for working capital, I still have more than 38 million Hong Kong dollars in cash on hand. Of course, there are also some small investments, which I will not go into detail here.

I have already divided Huafeng Cement Plant and Wanfeng Fan Factory for you in advance, so I will not repeat it today.

Now, let me tell you specifically about your distribution: Hao Ning, you will get 10% of the shares of Wan An Group under your mother's name, Fung Cheung Commercial Building in Sham Shui Po, shares of Wan Wo Hotel in Yau Ma Tei, land in Lam Tin, Kwun Tong, and HK$ million in cash.

And Haoran, you will inherit 49.99% of the shares of Wan'an Group, 12.6% of the shares of Qingzhou Yingni, and million Hong Kong dollars in cash.

As for your mother and I, we will leave more than 8 million Hong Kong dollars for our retirement. Together with some small investments and this villa, it will be enough for us to enjoy our old age. You don't need to worry too much in this regard.

The above is my property division plan. Do you have any opinions or suggestions on this? "After Lin Wanan finished speaking, he looked at his two sons with a gentle look.

"Dad, I completely agree with your arrangement." Lin Hao Ning replied solemnly.

"Daddy, I have no objection. This distribution is very reasonable." Lin Haoran said with a smile, secretly amazed in his heart.

He had never expected that Lin Wanan had accumulated such a huge personal wealth in private, the scale of which was almost comparable to the market value of Wanan Group, or even more.

He soon understood the reason: Lin Wan'an was always careful and cautious in distinguishing between public and private affairs.

As the chairman of Wan'an Group, Lin Wan'an naturally understood that after Wan'an Group went public, it was no longer his personal private property, but was shared by many shareholders.

Therefore, he always strictly distinguishes personal interests from corporate interests.

It is reasonable that Wan'an Group has accumulated a lot of wealth through its steady development over the years.

For Lin Hao Ning, although he failed to gain control of Wan'an Group, the value of the property he received should not be underestimated, which is enough to prove the fairness and justice of Lin Wan'an in the distribution.

Not to mention anything else, the market value of the Fung Cheung Commercial Building in Sham Shui Po alone is as high as more than 30 million Hong Kong dollars, which shows its considerable value.

Such an arrangement was obviously the result of Lin Wanan's careful consideration as a father. Of course, as the heir of Wanan Group, Lin Haoran naturally had many advantages.

Lin Haoran did not object to his father's decision to allocate 10% of the group's shares to his eldest brother Lin Haoning.

After all, although Lin Hao Ning had lost the power to helm, this family member, as the eldest son, should still have some shares.

What's more, Lin Haoran holds 49.9% of the shares, and Lin Hao Ning cannot threaten his controlling rights. At most, Lin Hao Ning can only become a director with no power on the board of directors.

Moreover, my father gave all the shares of Qingzhou Yingni Company that he bought from Halil Centurion to Lin Haoran, which was considered very thoughtful.

After all, Qingzhou Yingni itself has nothing to do with Lin Haoning. Giving these shares to Lin Haoran will allow Lin Haoran to directly start privatizing Qingzhou Yingni.

Obviously, Lin Wanan had already taken this into consideration when he decided to use his own personal funds to buy Qingzhou Yingni shares.

This is to allow Lin Haoran to completely control Qingzhou Yingni. If he is unwilling, no one else can even think of acquiring it.

However, due to the current financial constraints, Lin Haoran's plan to privatize Qingzhou Yingni can only be temporarily shelved and wait for the right time.

"Since you all have no objection, then we have decided it. Haoran, starting tomorrow, you will learn how to manage a company from me. Only when you are able to stand on your own can I safely hand over the Wan'an Group to you. This group is the result of my life's work. I don't ask for it to achieve great success, I just hope that you can keep it developing steadily!" Lin Wan'an said to Lin Haoran expectantly.

"Daddy, don't worry, I will do my best and live up to your trust!" Lin Haoran answered solemnly.

"Haoning, I have always had confidence in you. Your business talent is obvious to all. You have more business experience than Haoran. With the support of the Cao family, I believe that even if you don't inherit the Wan'an Group, you can still create your own business empire. The future depends on you. I look forward to you taking a unique business path!" Lin Wanan turned to Lin Haoning and said earnestly.

"Yes, Daddy, I will remember your teachings and try my best to live up to your expectations!" Lin Hao Ning clenched his fists and responded firmly.

At this point, the family meeting to divide the property has come to an end.

"Brother, if you are willing to accept my suggestion, Wanfeng Fan Company might as well look to the North American market for business expansion. The market potential there is in no way inferior to that of the Middle East, and may even be greater." When Lin Haoning was about to bid farewell to the Lin family villa and embark on his journey home, Lin Haoran suddenly spoke,
The North American market is so big that Ameriglo can’t take over all of it.

If Lin Hao Ning was willing to believe him, he wouldn't mind if this big brother made some money from it.

When Lin Hao Ning heard this, a trace of surprise flashed across his face, and then he turned to deep thought. Finally, he smiled and said to Lin Haoran: "Haoran, I will seriously consider your suggestion. Thank you, brother."

After saying that, Lin Hao Ning said goodbye to his parents and hurriedly drove away from the Deep Water Bay Villa, apparently going back home to discuss his next plans with his wife.

Although it was a pity that he failed to inherit the Wan'an Group, Lin Hao Ning firmly believed that he could make a name for himself in the business world with the inheritance given to him by his father Lin Wan'an and his own abilities.

Lin Haoran chose to stay in the villa and continue to discuss the situation and future plans of Wan'an Group with his father Lin Wan'an.

After all, from now on, Wan'an Group is his company.

From Lin Wanan, Lin Haoran now had a deeper understanding of the Wanan Group.

Although the total market value of Wanan Group's stock market currently hovers around just over 100 million Hong Kong dollars, which seems insignificant, in fact, if the assets held by the group are estimated at market prices, their value will never be less than 250 million Hong Kong dollars.

Behind this is the solid foundation accumulated by Wan'an Group through years of stable operation.

Lin Wanan has always adhered to a conservative development strategy, which makes Wanan Group appear relatively low-key in the stock market and lacks some high-profile exposure.

Therefore, the outside world's attention is not high and the trading volume is correspondingly small, which to a certain extent leads to the low stock price.

This is also the reason why Wanan Group’s stock price has not been high.

However, this is precisely the embodiment of Wanan Group's stability and strength. It is like a lion ready to go, waiting for the opportunity, ready to make a big splash in the business world.

The more Lin Haoran learned about Wan'an Group, the more confident he became about the company's future.

He knew before that Wan'an Group's debt ratio was very low.

But he only found out from his father that Wan'an Group actually had no debt!
Such financial conditions are rare in the real estate industry, which is full of variables and risks.

Unfortunately, my father was too conservative in his management over the years. Otherwise, with the foundation of Wan'an Group, it would have already developed into one of the giants in Hong Kong's real estate industry.

(End of this chapter)