"Retire? You mean I won't do anything in the future?"
"Yes, what I mean is that the two hundred million is enough for you to spend until you die, and you don't have to worry about money for the rest of your life."
Xu Lu thought for a while and said, "That should be enough."
"Okay." Nan Yi nodded, "Then I have to tell you that this assumption is not true at all. There is no legitimate business in this world that can make 200 million times the profit. Even if it is illegitimate, I can't think of it for the time being."
"Hmm..." Xu Lu pondered for a while, as if she hadn't thought of the answer she wanted, so she asked unwillingly: "There must be a business that made 200 million, right?"
“Yes, and it’s quite a bit. But I can tell you that a business that can make 200 million in pure profit at a time often requires an investment of 1 billion or more. Of course, the cost can include bank loans, which is the so-called leveraged operation.
Theoretically, you can use a very small amount of money, leverage, and leverage again, and a billion-dollar business can be leveraged with only one or two million. However, the more times you leverage, the greater the risk. Moreover, leverage of more than ten times is unlikely to be a purely financial behavior, and it must be attached to power, that is, power leverage.
For example, your brother and I are in charge of the canteen in the factory, and you are a vegetable vendor. I will pay you a deposit of 10,000 yuan and ask you to deliver vegetables to the canteen every day. I will pay you once you deliver vegetables, and the vegetables are probably about 5,000 yuan each time.
Think about it, if I wasn’t your big brother, how could such a good deal with no capital fall into your hands? This is the lever of power.”
Xu Lu said confusedly: "I don't quite understand."
Nan Yi said cheerfully: "Do you understand what collusion between officials and businessmen means?"
"Of course I know that."
"What does the official have?"
"Quan..." Xu Lu suddenly realized, "I think I know what it means."
"Don't just think about it, but understand it well. The lever of power is useful, but you can't use it too much, and even more so, you can't use it too deeply. The harder you use it, the deeper the backlash. You will have to pay it back the way you got it. Okay, let me continue with the story."
Nan Yi sorted out his thoughts and continued, "During the rush to buy, Sun Yuefeng's electrical appliance store... By the way, at that time, Sun Yuefeng's electrical appliance store should have been called Nanhu. Forget it, it's uncomfortable to change the name, so I'll just say Jinlan.
The household appliances worth hundreds of millions of yuan that Jinlan Company had previously stockpiled were sold out within a month. The average sales volume of Sun Yuefeng's 200 salesmen reached more than 500,000 yuan per person.
During the rush to buy, some stores used a rather vicious combination sales method in order to take the opportunity to sell off their overstocked merchandise. If you wanted to buy a best-selling item, you had to pair it with an overstocked item, otherwise they would not sell it to you.
Jinlan Company’s electrical appliances include some best-sellers and some slow-selling ones, but Sun Yuefeng not only did not engage in matching promotions, he also launched a high-quality service campaign at that time to give customers a discount of one million yuan.
By doing so, he played a good role in taking the lead in stabilizing prices, which benefited the vast majority of consumers. Therefore, he was praised by relevant departments and also established a good corporate image for Jinlan Company.
After the rush to buy, ordinary people have less spare money, and the home appliance business has entered a low period again.
Although Sun Yuefeng has not been in the business world for long, he has an accurate view of the market and works steadily, practically and comprehensively. When the business market is on the rise, he seizes the opportunity to grab the leading fish. When the market is weak, he can also see ways to make money from the low tide and find ways to make money that others have not noticed.
Later, the situation in the electrical appliance market took a sharp turn for the worse and hit a low point within a low point.
Sun Yuefeng was thinking again about how to do the next business.
Soon, he took two measures. First, he continued to consolidate the sales market in big cities. In terms of pricing, he offered the lowest prices in the city. In terms of business model, he provided after-sales services to help customers solve their problems.
By doing this, Jinlan Company can still guarantee a certain sales volume in Fengtian. At the same time, he launched an all-out fight in the Northeast market by setting up chains, adopting the strategy of one swallowing two, two swallowing three, and expanding the number of stores as soon as there is an opportunity.
Sun Yuefeng's business strategy is to quickly occupy the market, take the fortress first and then clean up the battlefield, first talk about quantity and then quality, and wherever there is a blank space on the map, Jinlan's flag will be there.
This style of play is very exciting. It is said that sometimes Sun Yuefeng would look at a map for a long time, then point to a town without a Jinlan chain store and say to one of his subordinates: You, go there to open a chain store. You will be the manager and go to handle the formalities immediately.
It usually doesn’t take long for a Jinlan chain store to be opened in the place designated by Sun Yuefeng.
The specific measures are: let the business department understand the market first, the development department apply for licenses, the decoration department decorate the storefront, the employment department recruit workers, and when the business is about to open, the public relations department will organize a lively public relations event, and Sun Yuefeng will go there when the business opens.
For others to open a store, it would take half a year to complete this series of tasks, but for Sun Yuefeng’s chain store, it can get a license in as fast as fifteen days and open for business in a month or so.
Is Sun Yuefeng's astonishing achievements in these areas due to any special means?
There was a factory manager who had been trying to get a license to set up a company in another place for half a year and came to ask Sun Yuefeng: What is your trick? Is it to throw money around or to use women?
Sun Yuefeng gave an official answer: Within the scope permitted by national policies, use whatever can be used, that’s the trick.
Jinlan Company is constantly expanding its sphere of influence, and its momentum has caused some of its peers in neighboring regions to worry. Some places have adopted local protectionism and do not want Jinlan to open chain stores in their area.
When Jinlan Company wanted to enter a city in Jilin Province, some leading figures and business owners of this city shouted: Jinlan cannot be allowed in.
At that time, Sun Yuefeng had already signed a contract with a loss-making store to merge that store, but the deputy mayor in charge refused to do so.
Helplessly, a female subordinate who took Sun Yuefeng's letter of appointment to be the manager had to go to the deputy mayor's house. She said to the mayor: "What's wrong with letting us open a store here for your city? First, I have arranged a job opportunity for you; second, I will bring you market prosperity."
Then, she also brought in the people from the Industrial and Commercial Taxation Bureau to work with the city government leaders. The people from the Industrial and Commercial Taxation Bureau would certainly welcome a company that could bring them tax and profit, so they would also help to intercede.
Later, the Jinlan chain store in that city was well managed and its business was very prosperous, becoming a model for local businesses to emulate.
By the way, the female manager is called Wang Yajuan, remember this name.
Sun Yuefeng's strategy of quickly capturing the market is also reflected in the fact that once he is optimistic about a certain product, he will quickly launch it in all Jinlan's chain stores. Any product he wants to promote can be displayed in more than 100 chain stores overnight, and the next morning, advertising flags promoting the product will be flying in the skies of dozens of cities.
The key to Sun Yuefeng's rapid market capture strategy is that Jinlan can provide the best quality services and has a reliable reputation. In Fengtian and even hundreds of cities in the three northeastern provinces, everyone knows Jinlan.
To buy home appliances, go to Jinlan. This has become a children's song circulating on the streets.
Why is the Jinlan whirlwind so powerful?
Because the merchandise of the Jinlan chain store is always at the lowest price in the local area, and they offer returns, exchanges, and compensation. They teach customers how to use the merchandise, and they also deliver large merchandise to your door, so you come with joy and leave with satisfaction. They truly treat customers as gods.
Sun Yuefeng has his own unique explanation for Jinlan's miraculous expansion in a few years. He compares it to the spherical effect.
The ball is highly plastic and can be large or small, round or flat. It is highly flexible and can be moved in any direction, with no speed limit. The small balls surround the big ball, and the various parts respond to each other, forming a chain store effect unique to Jinlan.
The Jinlan headquarters is like a big ball, which accumulates energy in motion and continuously transmits energy to the small balls rotating around it. The energy generated by the small balls returns to the mother ball, and the big ball creates small balls again.
It's like atomic fission, Jinlan's energy comes entirely from its own movement.
Jinlan's development is entirely based on its own capital snowballing, without any external investment. Capital accumulation is far slower than capital concentration, so I partnered with you to establish Xianlu Capital and pool our capital.
However, Sun Yuefeng has proved through practice that the snowballing speed of capital accumulation is not slow, and it can still explode rapidly in a short period of time. "
Nan Yi poked Xu Lu's forehead and said, "You have to remember the words I specifically mentioned and stressed on purpose. They will be the key points when we review them later."
"knew."
Xu Lu stuck out her overly long tongue.
Nan Yi took another sip of tea. "Any business operator who wants to succeed cannot do without scientific decision-making. Sun Yuefeng may not be fully aware of the profound scientific decision-making theory, but he will instinctively make decisions based on reality. His establishment of a chain store is such a decision.
He studied the success stories of a series of companies including Toyota, Panasonic, Ford, and Daewoo, and received useful inspiration from Wonderful. Based on the specific conditions in Fengtian and Northeast China at that time, he decisively decided to set up a unique business group "chain store".
A so-called chain store is actually a series of stores with a unified name, unified logo, unified operation and management, and unified accounting. They are under the command of a headquarters, have a unified business strategy, sell similar products, have the same prices, and have the same service standards. Customers, no matter where they are, can enjoy the same service.
This completely unified management system is very beneficial for decision maker Sun Yuefeng to exercise unified command and leadership over the entire enterprise.
This chain store has great advantages. It can make more than 100 Jinlan stores use unified funds to purchase in large quantities, and the purchase price is naturally lower than others. With unified scheduling and decentralized sales, slow-selling and popular goods can be adjusted to each other. If the east is not bright, the west will be bright. If the slow-selling goods are here, the popular goods will be there.
The five fingers can be spread out or clenched into a fist, which can both defuse risks and move forward in big strides. It can be said that it can attack and defend, and can fight without danger.
As long as Sun Yuefeng gives the order at the headquarters, Jinlan's chain stores can run the same advertisement in different cities and locations to promote and sell the same product.
Sun Yuefeng's success is not only based on decisive decision-making based on reality, but more importantly, he has the ability to make forward-looking decisions.
In your Fengtian business community, people say that whatever he, Sun Yuefeng, sells will be snapped up. He has become a legend, and in the eyes of many people, he is simply a business god.
Actually, Sun Yuefeng is not that weird. It's just that his vision and decision-making are half a year ahead of others. It is precisely during this half year that he was able to occupy the market first, seize the opportunity to obtain huge profits, and develop and expand Jinlan Company.
Now I will move beyond home appliances and tell you about Sun Yuefeng's actions in other areas.
That year, due to economic tightening, many people who were speculating in real estate on Qiongdao left. However, Sun Yuefeng did the opposite and went to Qiongdao and Coconut City with a huge sum of money.
At that time, I happened to be in Coconut City and was paying close attention to the real estate in Coconut City. I was quite clear about Sun Yuefeng's actions in Coconut City. He bought 300 acres of land at a price of 20,000 yuan per acre. At the end of 1992, he sold the land at a price of 180,000 yuan per acre. This business made him earn 40 million yuan.
In the first half of 1991, the nationwide governance and rectification work was launched in an all-round way, infrastructure projects were suspended one after another, and the building materials market was severely weak. Sun Yuefeng again bought large amounts of building materials. After the "Southern Tour" the following year, the prices of building materials skyrocketed, and he made another huge profit.
Sun Yuefeng made two big profits in speculation, and Jinlan’s business was not affected. In 1992, Jinlan’s sales exceeded 700 million.
From the beginning of his business in 1985 to 1993, from a start-up capital of 4,000 yuan, which required borrowing a large part, to becoming a billionaire, Sun Yuefeng had a smooth journey. Do you know where he is now? "
"Brother, how could I not know? Sun Yuefeng is a celebrity. Someone would have told me without me having to ask. Wasn't he arrested in 1993?" Xu Lu disagreed.
"You're right. Sun Yuefeng has become a prisoner." Nan Yi nodded and continued, "In 1993, there were already 136 Jinlan chain stores. The speed of expansion was very fast. Have you heard of Jingxi Yiguo?"
Xu Lu: "I heard about it from a Beijing businessman in Moscow. Like Jinlan, it is also a home appliance chain."
"The friend who makes home appliances I mentioned is the boss of Jingxi Yiguo. I also have an investment in Jingxi Yiguo and can be considered one of the bosses. Jingxi Yiguo was established in July 1984. It took more than a year to expand from one store to two, and then it remained where it was.
In 1987, when Jinlan Company began to expand rapidly, Jingxi Yiguo still had two stores. However, at that time, Jingxi Yiguo launched a promotion campaign to bring home appliances to the countryside, waged a guerrilla war, and delivered home appliances directly to the villages to sell.
Jinlan Company has a flexible Jinlan mechanism, which Sun Yuefeng summarized in 12 words: whoever sells gets it, whoever loses it takes care of it, and whoever loses it pays for it. In economic terms, this is Jinlan's distribution mechanism, incentive mechanism, and constraint mechanism.
Jinlan Company breaks down the company's profits into the number of goods and links employees' personal income to sales. Whoever sells more gets more, which is naturally an incentive for employees' work enthusiasm.
'Whoever damages it shall be responsible for it, whoever loses it shall pay for it', this is another strict restriction on employees.
If employees are irresponsible in their work and any damage or loss of goods occurs, they will be fully responsible.
The distribution mechanism of Jinlan Company ensures that every employee has a clear idea of ​​their personal income, and they can know their expenses clearly at the end of the month without having to do the accounting.
The company implements a full-staff employment system, and cadres are selected once a year. Those who are capable continue to work, and those who are not are removed. In Jinlan Company, there is no iron chair for cadres.
It is under this advanced mechanism that customers truly become God in the eyes of all Jinlan employees. Smiling faces and considerate services do not need to be restricted and guaranteed by service conventions and opinion books hung on the wall, nor do they need to set up supervision mailboxes and reporting telephones.
In all Jinlan chain stores, service attitude is regarded as an investment. Regardless of whether customers buy or not, the staff always patiently introduces the performance, quality, variety, characteristics, origin and maintenance of the products, leaving customers with a good impression, so that they will never forget Jinlan even if they do not buy anything.
Customer satisfaction is efficiency. This is the motto that Jinlan people believe in and the principle that Jinlan people practice. It has been deeply rooted in the hearts of Jinlan employees.
It is this aspect that has brought immeasurable economic and social benefits to Jinlan Company.
Jinlan Company not only has a flexible operating mechanism, but also a set of standardized operating regulations. Jinlan Company stipulates that: the ones that make noises make noises, the ones that light up make lights up, the ones that can turn turn, and the ones that heat up make heat up.
Specifically, the TV should display images, the speakers should make sounds, the refrigerator should cool, and the washing machine should run. Before customers buy, they should actually operate and learn how to adjust the products themselves. Employees should teach customers how to use whatever they sell.
The products are always placed in the most conspicuous and convenient places for customers to choose. Large items can be tried out, listened to, and tried out, and the warranty period is extended. This is completely different from the business style of those state-owned shopping malls that put a "Do Not Touch, Damage Compensation" sign next to the cold faces.
Have you been to Cam Ranh before 1994? I mean, have you ever experienced it? "
Xu Lu nodded. "I've been there. It's not as good as you say, but it's not bad either. It's more comfortable than shopping in other malls."
"I don't accept your evaluation. Do you remember where we met? A teller dares to look down on me, a God." Nan Yi teased.
"Tsk, you keep asking questions all the time. It's obvious that you're just looking but not buying. Why should I be so polite to you?"
"Heh, just because I didn't buy it last time doesn't mean I won't buy it next time. If I leave a good impression on God like me, maybe I can keep a big business. Little girl, to slap you in the face, we'll go to your old employer this afternoon to do some shopping."
"Are you really going?"
"Well, buy some food and snacks." Nan Yi waved his hand and continued, "In order to ensure that the business objectives, strategies, decisions and a whole set of business methods can be implemented among the employees of the company, Sun Yuefeng has implemented a highly centralized vertical management method for the 136 subordinate companies.
Concentrate major powers, disperse minor powers, centralize management, and decentralized contract management.
Jinlan's headquarters consists of more than a dozen departments and more than 100 managers, all of whom are remotely controlled through dozens of telephones. Before 10 a.m. every day, Sun Yuefeng's headquarters office must receive the previous day's sales report and then issue instructions to the subordinate stores based on the situation.
The headquarters managed the funds of each store, purchased goods in a unified manner, and then distributed them to each chain store for sales. The managers and financial personnel of the chain stores were all appointed and assigned by Sun Yuefeng, and the human rights, property rights, and financial rights of the entire Jinlan Company were all in the hands of Sun Yuefeng.
Sun Yuefeng once said in public that private enterprise bosses should hold all the power.
Jinlan Company expanded too fast, and from managers to store clerks, the quality of the people was mixed. Sun Yuefeng also discovered this, so he set about building his own direct team.
He invested 1 million yuan to co-found the Jinlan School with Huanggu. Most of the students who graduated from this school will go to work in the Jinlan Company.
Many graduates have played a key role in Jinlan, some have become managers, some have become color TV tycoons, and some have won the sales championship. This new generation of Jinlan people has become Sun Yuefeng's direct troops.
In 1993, Jinlan Company got involved in real estate development, investing in the construction of a resort in Qiong Province, an electronics city, a decoration city, and a colorful city in Fengtian, and also opened restaurants in the United States and built shopping malls in Russia.
Nan Yi clapped his hands and said with a smile: "Okay, Sun Yuefeng and Jinlan Company, I have praised them enough, and I have said all the nice things. Now I will say something unpleasant. First of all, the biggest feature of Jinlan Company is that it is fast, develops quickly, and opens chain stores quickly.
First take the fortress, then clean up the battlefield, first focus on quantity, then quality. Almost all the storefronts that can be used to open Jinlan chain stores are in the hands of state-owned commercial companies. How did Sun Yuefeng achieve rapid mergers?
Were any unfair means used?
Have you ever temporarily agreed to difficult conditions in order to achieve speed?
Are there any things that you haven't agreed to yet, and you keep procrastinating?
When Jinlan Company completely occupied the Northeast, Jingxi Yiguo, which was also engaged in the sales of home appliances and followed a similar route to Jinlan, and several other more prominent companies were trapped in their place of origin.
Jingxi Tesco has just moved out of its district and opened branches in the next district. Its development is very slow. On average, it does not open one branch a year.
Why is it slow?
Because home appliance chains are still a new thing in our country, we need to explore and learn, build a talent pool, and wait for problems to ferment and be exposed. When a problem arises, we study how to solve it most reasonably and form a set of process-based solutions. When such problems arise in the future, we can directly apply them. This is called process standardization.
Also, it was due to the wrong timing, the policy environment, the reality of the home appliance industry, and the fact that there were not many storefronts available to establish chain stores.
Although the real estate industry has been booming in the past two years, the development of commercial real estate has not been fast. Most of the properties suitable for establishing home appliance stores are still in state-owned commercial units, and most of them are in depressed units.
If you want to rent or merge their properties, there will inevitably be some additional terms. Those that are done privately are not too troublesome. The most troublesome ones are those that can be put on the table, such as finding a few jobs and arranging work for the cashiers of the original state-owned stores.
Where can we arrange for those ladies to go? Let them continue to work as cashiers or shopping guides?
Give it up. Keeping a thing like this will result in millions of lost sales every year. Don't even think about reforming them. After more than ten years or even dozens of years, their working style has been engraved in their bones. Don't let them change and then bring bad influence to other good things.
It takes three years to learn good things and three days to learn bad things. If there is one bad apple that is living a good life, it will soon lead to the second and third bad apples.
Those tellers in state-owned stores who were able to get such good positions in the past all had a capable relative in that field. It's not easy to get things done by such people, but they are very good at ruining your business, so try to avoid them if possible.
Does Sun Yuefeng have any connection with Jinlan Company?
Of course, if you want to speed things up, you have to be more humble when negotiating terms."
Nan Yi smacked his lips, "Let's go back to Wang Yajuan, meet the deputy mayor, and bring in the industrial and commercial tax department, and let the industrial and commercial tax department accompany her to persuade the deputy mayor. Breaking it down into four things: the first meeting with the deputy mayor, persuading the industrial and commercial leaders, persuading the tax leaders, and the second meeting with the deputy mayor and persuading him.
Think about the difficulty and cost of accomplishing these four things, and don't forget that the reason why that city did not welcome Jinlan Company was because of the obstruction of local businessmen. They were local tyrants with complicated local relationships, but Jinlan Company dealt with them.
How did you settle it?
How much explicit and implicit costs have been invested?
You should think carefully about the power levers I told you about earlier.
Let's go back to 1987 and talk about how Sun Yuefeng got back the goods worth 2 million. Little girl, do you remember what brand of tape recorder was the most popular in Fengtian that year?"
Xu Lu thought about it and said, "It seems to be Mango brand."
Nan Yi nodded, "That year, I was in control of the Mange brand. The factory happened to encounter some problems at the time, so I decided to let Sun Yuefeng take the tape recorders away on credit, but he had to pay an extra 30 yuan for each machine.
It can be said that I contributed to Sun Yuefeng's success. Of course, my purpose at that time was not to support him, it was just a coincidence. I have to say that Sun Yuefeng is a man of great luck, and he encountered good things. "
"Brother, is Mange yours?"
"No, the situation inside is a bit complicated. We can talk about it when we have a chance. Let's continue with the current topic."
"oh."
Xu Lu nodded.
"In 1989, Sun Yuefeng bought 300 mu of land in Coconut City right under my nose. At that time, I was running a company in Coconut City and also paying attention to the real estate market. I knew almost every land transaction that happened in Coconut City every day.
I knew the original owner of the land that Sun Yuefeng bought, and I also knew the date when he completed the transaction. At that time, Sun Yuefeng had already entered my sight, and I often paid attention to his affairs. Therefore, I was very clear about the development history of Jinlan Company. "
"No, even if you pay more attention, you can't know so much." Xu Lu questioned: "Brother, do you have a spy in Jinlan Company?"
"What spy? I'm 007."
"I mean, have you bribed the people from Jinlan Company?"
"In theory, maybe, but in reality, definitely not. This method is too dirty. How could I, an upright person, use such a method?" Nan Yi said with a half-smile, "In a few days, I will send someone to Xianlu Capital, a woman, and you can treat her as my mistress."
Xu Lu thought for a moment and asked with a smile, "Wang Yajuan?"
"Haha." Nan Yi smiled and did not answer, but continued with the previous topic, "Sun Yuefeng seized the opportunity several times and developed very quickly. Maybe because of the speed, a lot of problems accumulated. Maybe because of his arrogance, his brain became hot and he started to do things less wisely.
In 1992, according to the opinion of the Fengtian Municipal Government, Jinlan Company raised shares from the public after standardization, and was included in the first batch of 20 shareholding reform demonstration units established by the Fengtian Municipal Government and the Municipal Economic Restructuring Commission.
The shareholding structure at that time was that there were 13 social sponsors, who raised a total of more than 200 million yuan. All the share capital was converted into equal shares, and three types of equity were set up: state shares, corporate shares and individual shares.
Among them, Sun Yuefeng personally invested 110 million yuan, accounting for 56% of the total shares. Later, at the shareholders' meeting in August 1993, Sun Yuefeng was elected as the chairman of Jinlan Co., Ltd. by the 19 directors at the time.
There are unexpected changes in the weather, and people are subject to misfortunes and blessings at any time.
Not long after Sun Yuefeng became the chairman of the board, affected by the country's macro-control, home appliance sales were once in a weak state, and the business of Jinlan chain stores was greatly affected.
Perhaps because of other shareholders, Sun Yuefeng lost his right to act arbitrarily; perhaps because of other shareholders, Sun Yuefeng wanted to show his ability to turn the tide. In December of the same year, Sun Yuefeng decided to try to carry out "returning sales" in his chain stores, starting with a pilot project in Fengtian, his base camp.
Xu Lu interrupted Nan Yi and said, "I know this. My mother also bought a washing machine. It was agreed that after three years, Jinlan Company would return the money she spent on the washing machine to my mother."
“Well, after consumers purchase home appliances at Jinlan chain stores, Jinlan Company promises to return the purchase cost in full to consumers after 3, 5, and 8 years, depending on the product category.
Jinlan Company's chain stores have always sold home appliances very cheaply, with profits slightly lower than those of its competitors, but not much lower, because its price difference is larger than that of its competitors. Firstly, it has many stores and purchases large quantities, so it can get more favorable prices. Secondly, most of the products promoted by Jinlan Company are products from small factories, which have a large price difference and sufficient profit margin.
The repayment sales activity was approved by the Fengtian Municipal Government Commercial Office and carried out in various chain stores in Fengtian under the notarization of the Heping Notary Office. In just a few days, it generated sales of 80 million.
But everything came to an abrupt end on the last day of December, when the Industrial and Commercial Bureau demanded that the sales be stopped, arguing that the repayment of sales had affected the normal operations of major shopping malls.
Three days later, on January 4, 1994 , the public security department said that Sun Yuefeng's principal-return sales were fraud, and first detained the deputy general manager of Jinlan Company, and later detained Sun Yuefeng. Subsequently, multiple departments entered Jinlan Company and sealed off the company's warehouse, more than 100 transport vehicles, and financial information.
First they investigated whether the principal-return sales were illegal, then they investigated tax evasion. Sun Yuefeng was detained for eight months. Do you know what happened afterwards?"
"Sun Yuefeng was arrested again two days ago."
"Well, let me tell you something you don't know. Shortly after Sun Yuefeng was arrested in January last year, Jinlan Company elected Sun Yuefeng's wife Huang Lin as the company's executive director, acting chairman, and general manager. At that time, only four directors attended the meeting.
According to the Articles of Association of Jinlan Company, only decisions made by the board of directors attended by at least half of the directors or their representatives will be valid. As I said before, Jinlan Company has 19 directors, which means that 10 people must agree before Huang Lin can be the legitimate contemporary chairman.
Regardless of whether Huang Lin's role as acting chairman is compliant, she has taken the position anyway. Ever since she took office, the operations of Jinlan Company have been a bit... how to put it, from the perspective of normal business development, it's a bit confusing.
Huang Lin was expanding Jinlan's chain stores while secretly selling off the ones that were doing well. Her moves were subtle and it was impossible for anyone who was not an insider or paid special attention to Jinlan to notice. Why do you think she did this?"
Xu Lu: "Brother, where's the money from selling the chain store?"
Nan Yi smiled knowingly and praised, "Yes, you have grasped the core of the problem right away. The reason why Jinlan Company carried out the shareholding reform is that it developed too fast and had too many problems to solve. This is nothing. Selling some shares and raising some funds, turning from capital accumulation to capital concentration, the speed of development can be even faster.
However, Jinlan's shareholding reform was not clear, and many issues were vague, including unclear ownership, responsibilities and rights. From a business perspective, this is a hidden danger. If we extend our reasoning, it may be that someone is leaving a backdoor."
"What backdoor?"
"Someone is eyeing this industry as a backdoor to embezzle Jinlan Company in the future."
"Who is it?"
Nan Yi said perfunctorily: "How should I know? I am not from Jinlan Company, nor am I in the bureau, so how can I know clearly?"
Xu Lulu was a little unconvinced, "Brother, why are you paying attention to Sun Yuefeng and Jinlan Company?"