In the next month, Mo Zhexuan recruited people through headhunters and merged his subsidiaries to form the Xiangjiang Group.
The main purpose of establishing a group company is to better avoid risks and facilitate the management of various subsidiaries. This is the fundamental purpose. Of course, resource sharing and mutual cooperation among subsidiaries is also a major reason.
The merger mainly involved four holding subsidiaries: Ruitai Securities Co., Ltd., Three Minutes Heat Co., Ltd., Xie Liyuan Gold Shop and Processing Plant, and Fragrant Duck Co., Ltd. The other China Gas Company and Guanghu Real Estate were not included and still maintained independent operations. On the one hand, they did not obtain controlling stakes, and on the other hand, they were listed companies.
Although a group company has been established, the finances and assets of each subsidiary are independent of each other. While ensuring basic operations, all profits of each company will be submitted to the group headquarters and then distributed uniformly.
This one item alone encountered great resistance, but it was successfully implemented due to Mo Zhexuan's tough attitude. Otherwise, the subsidiaries might really become local lords and become too powerful to be controlled.
The various positions at the group headquarters are divided into chairman, group company president, executive vice president, vice president, vice president, director of the administrative department, director of the human resources department, director of the finance department, director of the audit department...
At this time, on the signboard of a skyscraper 100 meters east of Queen's Road in Hong Kong Island, there were four large and flowing Chinese characters written on it: Xiangjiang Group.
This building was acquired for HK$200 million. It has a total of 25 floors. It was originally named Oriental Building and was the headquarters building of a real estate company. It was acquired by Mo Zhexuan due to poor cash flow.
In a curved desk on the top floor of the building, Mo Zhexuan sat in the center, looked at the heads of various departments, smiled, and said calmly:
"Everyone! We've basically recruited the heads of each department. Next, the Human Resources Department will quickly begin recruiting employees for each department. I hope the group can become combat-ready as soon as possible."
"Mr. Mo! We will try to complete the recruitment within one month." As soon as the words fell, Zhang Lingge, the director of the Human Resources Department, spoke immediately.
Mo Zhexuan nodded and looked at Li Wei, the general manager and vice president of Fragrant Duck. The main purpose of holding the meeting today was about Fragrant Duck.
"Mr. Mo! Dear colleagues! I believe the conditions for Fragrant Duck to go public are ripe. We currently have 256 stores in Hong Kong, 100 of which are self-owned properties, and the other 156 are leased properties. The total monthly rent is approximately HK$12.35 million. The average monthly sales of all stores is around HK$240,000. Please refer to the report for details..."
Li Wei briefly introduced the situation of the fragrant duck, and his secretary beside him quickly gave a copy of the printed document to the heads of various departments at the conference table.
"Café de Coral and Fairwood have actually teamed up to form a delicious duck company, and they've already captured 30% of the braised duck market. Why are they growing so fast?"
After reading the column of competitors, Mo Zhexuan's face revealed a solemn expression. Ever since he became successful, he rarely paid attention to Maxim's and Fairwood. He never expected that the two companies would find a new way to join together. They are indeed a family!
"Mr. Mo! Their braised food is a complete imitation of ours. The reason they've grown so rapidly is mainly because they've gained control over the raw material manufacturers. Our purchase price is a level higher than theirs, so the price is even higher."
Li Wei quickly explained the reason, which was becoming a source of worry for him. Ever since Maxim's and Café de Coral merged, the duck's raw material manufacturer, Southern Group, had raised the price of the raw materials, resulting in increased costs and a significant reduction in profits.
Southern Group is a large group specializing in overseas meat trade and import business. Its annual import trade volume is around HK$1 billion, making it a well-deserved giant.
We have thought about looking for other suppliers, but none of them can meet the quality requirements of the ducks, so we have to be controlled by others.
"Everyone, speak up! Let's see how to solve this problem."
Mo Zhexuan naturally knew what the Southern Group had done. They had always used the Call duck from the island country.
This kind of duck is tender and tastes better, the meat is more delicate and has a certain elasticity, and the meat is rich in nutrients, so rashly changing the duck breed will definitely have an impact, that's for sure.
"I have a suggestion. Since the Southern Group has a monopoly on the import market for Call ducks from Hong Kong Island, can we send people to set up a dedicated purchasing company to do the purchasing? The quantity we need each year is not small, so we don't have to be controlled by others."
Li Changyong, Minister of the General Affairs Department, gave his own suggestion. Instead of being exploited by the Southern Group, it would be better to send people to the island country to take a look.
"I think we can't just use Call ducks. We can also try other breeds, such as ducks from mainland China. We need to break through and innovate..."
Executive Vice President Yang Mingyu is an elite who returned from the United States. He has held senior management positions in many large companies. After the interview, Mo Zhexuan found that he did have outstanding qualities, so he appointed him to the position of Executive Vice President to assist him in getting the group back on track as soon as possible.
“...............”
"Everyone's suggestions are very good. Now let's discuss the main topic: the listing of Fragrant Duck. Which stock exchange will we list it on? What will be the market capitalization and price of the listing? How will we determine the shares to be issued? We must come up with a charter today."
After listening to so many effective suggestions, Mo Zhexuan asked Li Wei to implement them as soon as possible and then moved on to the next topic, which was the launch of the fragrant duck, which was the top priority.
"Let me speak first. The agency for Fragrant Duck must be handed over to our sister company, Ruitai Securities."
Wang Pengfei, general manager of Ruitai Securities, immediately spoke up and said that this time only a supervisory committee position was held at the headquarters, and no other positions were held.
"Old Wang! It's best to keep the wealth within the family, but I hope the launch of the fragrant duck this time won't encounter the same setbacks as the one that happened to China Gas."
Li Wei smiled and, as an old friend, immediately made a joke.
"Hahaha!........"
“.........”
Everyone laughed, and after pooling their wisdom and ideas, they came up with a charter before adjourning the meeting.
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