Era: I was a farmer at the foot of Yaoling Mountain
Chapter 528 Company Restructuring, Future Prospects
Fang Wei wandered around the market for a while before heading to Luo Zhimin's office.
"Secretary Luo, the market is doing well, isn't it?"
"Needless to say, it's excellent!"
The two started talking about the farmers' market as soon as they met. The county town didn't have a decent market before, but now it can be said that the problem of the people's "vegetable basket" has been solved.
Fang Wei sat in the office for more than half an hour before taking his leave.
Neither of them mentioned Liu Chi, because neither of them knew how the matter would develop.
After leaving Luo Zhimin's office, Fang Wei went to the construction site of the Yaoling Hotel. The project wasn't progressing quickly; the main structure wasn't finished yet, and completion was expected in the second half of next year.
There are already quite a few people in the county eyeing this business. For example, the owner of the restaurant that Fang Wei frequents is planning to take over the catering business of the big hotel.
This project primarily focuses on accommodation, and the company has the necessary personnel in this area, so we plan to operate it ourselves. Other aspects, such as catering, beauty salons, and entertainment, will all be outsourced.
Unbeknownst to many, the company has ventured into more and more industries.
Some were voluntary, some were involuntary; Fang Wei felt as if an invisible hand was pushing her forward.
"Chairman, are you just taking a look around?"
Fang Wei was about to leave when he ran into Hu Linwei, the deputy general manager of Yaoling Agriculture.
Judging from their titles, you can tell that Hu Linwei and Cai Tong come from different backgrounds. The other party was recruited from outside, has a university degree, has rich experience in corporate management, and is only 36 years old this year.
Only those who came from the cooperative would call Fang Wei "Secretary Fang," while others would call him Chairman Fang or Director Fang.
Fang Wei had tried to correct the way people addressed him countless times, but Cai Tong and the others remained unchanged, so he gave up on trying to change it.
"The farmers' market opened today, so I came to check it out. By the way, I didn't see you at the opening ceremony?"
"I just arrived from the provincial capital, and I was delayed on the way. Chairman, since we've met, how about we have lunch together? I happen to have some things I'd like to report to you."
Fang Wei and Hu Linwei didn't have much of a personal relationship, but Fang Wei still recognized Hu Linwei's abilities.
Cai Tong wields considerable power within the company; the vice president is essentially relegated to doing the work and rarely has the opportunity to directly interact with Fang Wei.
Fang Wei felt it was necessary to talk to the other party, so she went to the restaurant with them.
The two ordered four dishes and a soup, and were very satisfied with their meal.
"Chairman, I personally feel that there are problems with the current company structure. As our non-agricultural business increases, this structure will affect management effectiveness."
After eating and drinking his fill, Hu Linwei finally shared his thoughts.
He suggested establishing the Yaoling Group Company, with subsidiaries including an agricultural company, a food company, a lock company, and a property management company, so that the agricultural company would no longer be responsible for so many other matters.
The company holds a controlling stake in only one listed company, namely the Electrical Appliances Group.
Each has its own area of expertise. The group company is equivalent to a holding company, with each subsidiary performing its own duties without interfering with the others.
"Mr. Hu, your suggestion is excellent. I will seriously consider it later."
Fang Wei also knew that the previous company structure was not reasonable. For example, Cai Tong was not very familiar with non-agricultural business.
To put it bluntly, the senior executives who came from the cooperative still have obvious shortcomings; they are somewhat overwhelmed by managing such a large operation.
Hu Linwei's suggestion was good, but he did not immediately express his opinion. Instead, he planned to discuss it with the three cooperating directors and Cai Tong and others after he returned.
After all, the company doesn't belong to him alone; this matter requires not only a board meeting but also the consent of the shareholders.
After the meal, Fang Wei returned to the office.
Over the next few days, he exchanged views with various directors, Wang Songlin and others, Tian Bingyi and others, and then with Cai Tong and others.
Then it was decided to hold a shareholders' meeting in the provincial capital to formally discuss the establishment of Yaoling Group Company.
Fang Wei and Pan Lianhua came to the provincial capital together. This matter involved a wide range of people, and as the representative of the furniture company, she also needed to participate in the discussion.
morning.
The meeting was held as scheduled, and a heated argument broke out as soon as everyone sat down.
People have differing opinions on many things, such as where to locate the group company.
Cai Tong and others believe that the company should be located in the provincial capital, since the next step is only a change in the company structure, and there is no reason to change the registered location of the group company.
Hu Linwei and others believe that the group company is not only an agricultural company. Now that the electrical appliance group and Xiangyang Locks have moved to Guangdong, the registered location of Yaoling Group should be Guangzhou or a special economic zone.
Each side has its own reasons, and neither can convince the other.
"Then let the board of directors vote on it, and finally the shareholders' meeting will make a decision."
Fang Wei preferred to register the group company in Guangzhou. The group company would be a holding company, primarily focused on investment profits rather than agriculture. Later, the directors went to a small conference room to discuss the matter and ultimately decided to locate the group company in Guangzhou, Guangdong.
The board's decision requires the consent of the shareholders. This matter is a major issue for the company, and it is certainly not acceptable if the shareholders disagree.
In reality, the company only has three shareholders. If the board of directors approves it, it is equivalent to the shareholders' meeting approving it, but it still has to be a formality.
Everyone who was supposed to be there was there today, so all the agenda items are progressing quickly.
In just three days, all the issues were resolved.
First, the Yaoling Group Company was established, with its registered office in Guangzhou. The shareholders of the group company are, in order, the Yaoling Cooperative, the Yaozhai Cooperative, and the Tianbingyi Cooperative, with their shareholdings remaining unchanged.
The group company is the controlling shareholder of the electrical appliance group company, and the shares were transferred free of charge in accordance with the law.
Yaoling Group's first-tier subsidiaries include Yaoling Agriculture Co., Ltd., Yaoling Food Co., Ltd., Xiangyang Lock Co., Ltd., Yaoling Property Management Co., Ltd., and Yaoling Furniture Co., Ltd.
Each company may also have secondary subsidiaries. For example, Yaoling Food Co., Ltd. has a chili sauce factory, a rice mill, etc., while Yaoling Agriculture Co., Ltd. has various production units.
Fang Wei serves as the chairman and general manager of Yaoling Group, Cai Tong serves as the executive director and deputy general manager, and Hu Linwei serves as another deputy general manager.
Previously, only a small portion of Yaoling Agriculture's management team joined the group company; the majority remained in their original positions.
Next, everyone divided up their responsibilities. Fang Wei was in charge of the finance department and the human resources department, while Cai Tong was in charge of several departments, as well as Yaoling Agriculture, Food Company, and Furniture Company.
Hu Linwei is in charge of several departments, including the Investment Department, as well as the Electrical Appliances Group, Xiangyang Locks, and Yaoling Property.
Yaoling Agriculture's general manager was replaced by Li Yi, who has a formal academic background. Other companies experienced minimal personnel changes.
The board members of Yaoling Agriculture were transferred to the group company, and the reorganization of the entire company came to an end.
Before the Mid-Autumn Festival.
Fang Wei and Pan Lianhua brought their older sister to Guangzhou.
On the one hand, he wanted to spend the holiday with his son, and on the other hand, he was urging the establishment of the group company.
I rented an office building before the holiday, and after a little tidying up, I can go in and start working.
Fang Wei's suggestion to build the Yaoling Building in Guangzhou was approved at a previous meeting. He needs to complete all the preliminary work before he can leave.
After arriving in Guangzhou, Fang Wei and the others moved into their own villa.
He worked from dawn till dusk every day, and Yaoling Group quickly got back to normal operations. To be honest, setting up this operation wasn't difficult at all; the foundation was already laid, and adding another layer of extra work was easy.
The group company is currently operating in a rented office building. Apart from the key positions that were filled by people brought over, there are some other positions that need to be filled.
In addition, Fang Wei also had to deal with the land approval process; acquiring a plot of land in Guangzhou to build the Yaoling Building wasn't easy. Fortunately, with the help of Wu Tianming, Chu Fan, and others, after smoothing things over at each stage, the remaining procedures were naturally handled by Cai Tong.
Cai Tong is essentially the general manager, while Hu Linwei is mainly in charge of investment and industries unrelated to agriculture.
The property management company also moved to Guangzhou along with the group company. The property management company's assets are quite fragmented, including Yaoling Building in Xiangnan Provincial Capital, the future Yaoling Hotel in Xinlin County, Xinlin County Farmers Market, the future Yangcheng Yaoling Building, etc.
Fang Wei was busy until the Mid-Autumn Festival. On the night of the festival, Binbin brought Liu Xuemei along as well.
Pan Lianhua was very happy. The family booked a private room at a seafood restaurant and had a pleasant meal together.
"Xuemei will be graduating next year. What are your plans?"
Back home, my older sister washed some fruit and brought it out, along with some mooncakes.
Pan Lianhua and Liu Xuemei sat together chatting, mainly inquiring about each other's plans after graduation. If the other person planned to go to another city, then it would be difficult for her and Binbin to get together.
"I want to stay in Guangzhou. I'm currently making contacts and I'd like to work in a government agency."
Liu Xuemei frankly admitted that she couldn't get into the best companies, but she was confident she could get into district-level companies.
Binbin and Liu Xuemei left around 9 p.m., as they were students and it wasn't appropriate for them to stay out overnight.
After the child left, Pan Lianhua asked Fang Wei, "Third Brother, I think Xuemei is quite good. Can we help her with her graduation?"
"I'd be happy to help, but it's best to ask Binbin first. We don't want to do something wrong with good intentions."
Fang Wei figured that if he went to Wu Tianming himself, Liu Xuemei's job assignment would be a piece of cake.
But he wasn't sure whether he should take action, so he decided to ask Binbin first. There's no reason not to consult with the person involved before doing something.
Pan Lianhua also thought it was the right thing to do, and the next afternoon she went to Binbin's school with Fang Weiyi.
Upon hearing this, Binbin immediately became excited and said, "Dad, Mom, please help me with this. Xuemei and I have already discussed it and decided to get our marriage certificate after graduation. We can postpone the wedding banquet a little later."
Hearing his son's words, Fang Wei invited Wu Tianming out for drinks the very next day. (End of Chapter)
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