Chapter 203 Establishment of the Company's Board of Directors



The annual Spring Festival passed quickly. In March, Yusheng Company's fundraising and investment promotion were nearing completion, and the second phase of the department store wholesale market project was finally launched. The construction company entered the construction site two days later.

The construction company's project department also undertook the construction project of the Suwei Hotel.

The ribbon-cutting ceremony for the second phase of the project was even more grand than that for the first phase. It was broadcast live on television, and regional and municipal leaders also attended the ceremony. Such a scene was more effective than any paid advertising.

The 700 acres of land next to the first phase of the project were entirely used for the second phase of construction. Such a large-scale project shocked the people of the city and amazed businessmen from all over the country.

This means there won't be many vacant lots left, only some vacant lots next to the farmers' market.

Li Yuzhu's third uncle's storefront has been completed, and the he luo noodle shop has been open for several days and business is booming.

The villas in the back are under construction and are expected to be completed this summer.

After the New Year, when it was time to plow the fields in the countryside, Li Yuzhu and her sister started working on the land.

Diesel prices have also increased this year, and of course, farmland prices have also increased. Last year, it cost 13 yuan per mu to plow one mu, but this year it has increased to 16 yuan per mu, an increase of 3 yuan per mu compared to last year.

When the plowing season arrives, the self-tumbling plows and rotary tillers produced by the factory become hot-selling products. Last year's inventory in the warehouse was quickly sold out, and the factory had to work overtime to produce more.

The restaurant had already opened, so Li Yuzhu couldn't take care of it while plowing the fields and handed it over to her parents to manage.

Su Wei's hotel construction has also begun. Of course, it's a turnkey project, so she doesn't need to worry about the construction itself. However, she sold all the bricks she made last year to construction companies at ten yuan per brick, including delivery. From that alone, she earned nearly 100,000 yuan.

It was only then that she realized how easy it was to make money. She earned 100,000 yuan in just a few months, and she did nothing but take out a loan to buy bricks and pay people to haul them back. What's the difference between that and picking up money?

Su Wei had to admire Dong Qing's foresight; he never missed an investment opportunity, as if everything he did was always right.

That morning, Dongqing and Li Yuzhu were shopping for clothes at the mall when Dongqing's second sister suddenly called, saying that Li Churan's father had come to the company and that he should return immediately.

Dong Qing knew without a doubt why he came to the company; he had nothing to do but discuss financing projects.

Li Churan had called three times about this matter after the New Year, but she didn't expect her father to come to her door in person today.

He said, "Okay, I'll go back right away."

Li Yuzhu asked, "What is it?"

Dong Qing said, "Li Churan's father is waiting for me at the company; they're probably discussing financing."

Li Yuzhu asked, "Did you agree to let him raise the funds?"

Dong Qing said, "I have a good relationship with Li Churan. I've approached them many times, but I can't postpone it any longer. Let's accept their financing for now; we won't accept financing from any other companies."

Dong Qing returned to the company and followed her second sister into the reception room. Li Churan's father, who was waiting on the sofa, stood up and said with a smile, "I've finally been waiting for you to come back. Please give your uncle some face today."

After sitting down, Dong Qing smiled and said, "Uncle Li, you flatter me. If you don't mind that my company is too small, I can accept your financing. How much capital can you borrow from my company?"

Li Churan's father said, "I don't have that much capital; I can only raise three million."

In this day and age, being able to come up with three million at once is already quite a lot. Dong Qing asked, "How many shares are you planning to take?"

Li Churan's father smiled and said, "That's not something I can decide. Just tell me how many shares you can give me."

Dong Qing said, "As you can see, my company's current output value is at least 100 million. For 1 million, I'll give you 1% of the shares; for 3 million, it's 3%. If you can accept this, I'll arrange to sign the contract immediately."

Anyone with expertise can see the future prospects of Yusheng Company. It cannot be analyzed based on its current value. A company should be judged by its future development and potential. How could Li Churan's father, who is so intelligent, not see these things?

If Dong Qing had accepted his financing last year, he could have acquired at least 10% of Yusheng Company's shares for three million.

This year is different. In less than a year, the same amount of 3 million can only get you 3% of the shares. What does that mean?

Li Churan's father believed that if the deal was postponed until next year, the shareholding would probably be less than one percent of three million, a fact he knew better than anyone else.

He said, "Okay, let's get ready to sign the contract. I'll transfer the three million to you after we sign it."

Dong Qing said, "Okay, I'll prepare the contract and call you over."

Raising funds for a company is not a simple matter. Once a company raises funds, it is no longer a single-industry company, but a joint-stock company, and a board of directors must be established after the financing.

Li Churan's father said, "I won't come to sign the contract. The company's assets will be handed over to my daughter sooner or later, so let her come directly to sign the contract."

Dong Qing said, "That works too!"

Dong Qing returned home at noon, and after finishing lunch, he said, "Yu Zhu, sit down, I want to discuss something with you."

Li Yuzhu sat down next to her husband. Dong Qing said, "We borrowed a total of 3.8 million yuan from our mother. You can discuss it with her and see if she's willing to raise funds for the company. If she is, I'll give her 4% of the company's shares."

Li Yuzhu said, "You don't need to discuss this with me, I can make the decision. You can arrange it as you see fit, and I'll just tell Mom later."

Li Yuzhu had long understood that it was really good that her family could get 4% of the company's shares now. In two years, 4% of the company's shares would probably be worth more than 10 million. Raising money from the company was a faster way to make money than doing any business.

If you secure funding from the right company, you can basically just sit back and wait to collect the money.

Two weeks later, Yusheng Company signed a three million yuan financing contract with Li Churan, giving her a 3% stake in Yusheng Company.

Li Yuqiu paid 200,000 yuan to the finance department of Yusheng Company and signed a 4 million yuan financing contract with her. In just over two years, she obtained 4% of the shares of Yusheng Company. It is no exaggeration to say that she, a young woman, rose to the top in one step.

The board of directors is established starting today. Li Churan and Li Yuzhu are shareholders of the company. Dong Qing is the chairman of the board, Dong Ermei is the general manager, Gu Yurou is the deputy general manager, and Fang Lin is the secretary to the chairman.

Dong Damei and Dong Sanmei also resigned from their jobs. Dong Ermei became the company manager, and Dong Sanmei became the company's deputy manager.

Both sisters are college students and are perfectly capable of doing this job.

Li Yuqiu is really not good enough. Her educational background is too weak, and she is not competent for these jobs. She can only become a shareholder of the company.

The shareholder of Li Di Company is Li Churan, and she will be a shareholder on the company's board of directors from now on.

Dong Qing called his three older sisters and Gu Yurou into his office. He said, "Let's have a small meeting. There have been some personnel changes in our company recently, and you are all senior leaders. I'm letting you know that I will be allocating company stock options to you based on your positions. I hope you won't let me down in your work."

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