Professor Li was given a new research and development task. When Xing Baohua was about to return to the laboratory, he was stopped by the chief secretary and told that there were two meetings that he had to attend.
One is from the city, the other from the province.
As a committee member, I had no choice but to go.
The city government appointed him as a committee member and advisor for the high-tech development zone.
Don't underestimate this consultant's position; he has a lot of influence, and this district was created single-handedly through his various efforts.
Many things revolve around his company.
Xing Baohua went to the meeting, which was also to let him know about some policies coming down from above.
Only through thorough learning can the high-tech zone be developed effectively.
Many of them were in his favor.
After the meeting, the leader spoke with him, hoping that Luzhong Rice Electronics Factory could be transformed into a joint-stock company.
Xing Baohua agreed, but not now. The timing wasn't right; he hadn't laid a solid foundation yet.
He also knew that holding the majority of shares in the electronics factory was not a good thing.
Some people will definitely be envious. If it's a small, inconspicuous factory, no one will bother you.
But things are different now. Rice has become very famous around the world, and its value is increasing. Everyone wants to have a taste.
Apart from a small share in Shangguzhuang, the rest are all in Xing Baohua's hands. This is a lucrative opportunity!
They're already quite fat; if the locals don't take a few bites of them, it would be a disservice to their teeth.
Many companies have converted to a shareholding system.
Actually, it has nothing to do with private enterprises like Xing Baohua's.
The companies that have been restructured into joint-stock companies are all public institutions. This is to reorganize and integrate companies with potential but currently facing difficulties, and concentrate resources to develop in a positive direction.
For example, the refrigerator factory in eastern Shandong, after being converted into a joint-stock company, became two naked brothers.
The Ludong TV Factory was renamed Hisense.
These are all companies that get better with restructuring, but many others are the kind of companies that are hopeless and will disappear after a while.
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When Xing Baohua said he agreed, he then said the timing wasn't right, clearly just giving him the runaround.
Everyone knows that no one wants to give up their wealth.
But the big cake in Xing Baohua's hands was too tempting.
This is a super-sized star company that is about to emerge.
The ability to reorganize and transform into a joint-stock company provides crucial guidance for the local leadership in making decisions.
It's so important to them. But grades are still the most important thing!
We still need to work on Xing Baohua, but what about the timing he mentioned? Who knows when? If it goes on for ten years, the local leadership will have changed twice, and then they won't have any vested interests left.
So we need to find a way to get Xing Baohua to speed up the process of opening up the shareholding system?
Xing Baohua still gave his superiors face; at least he said he agreed.
But the city government office won't get involved. No other company in the entire city can compete with the electronics factory in terms of profitability.
Of course, Luzhong Petrochemical doesn't count.
Based on the current size of the electronics factory, it already has assets worth 20 billion.
Even if Xing Baohua were to give up 10% of his shares, how many companies would be willing to take them over?
Even if a company were willing to take the job, Xing Baohua wouldn't dare to.
The Huawei model is very good. Xing Baohua plans to keep 1% for himself, give 20% to the laboratory for research and development, give up the shares of Shangguzhuang, and give the rest to the labor union.
It's not the union that distributes benefits, it's a working committee. Representatives from various departments, workshops, and R&D personnel are elected to form this committee.
They decide how the factory develops, how it builds factory buildings and residential buildings, and so on.
Very democratic.
This also aligns perfectly with the idea that workers were the masters of their own destiny during that period.
All full-time employees will share the remaining shares equally.
Moreover, Xing Baohua can use this opportunity to kick out Liu Haibo and others' shares.
Xing Baohua himself only took one percent, so they were too embarrassed to continue taking one percent from each person.
Although Xing Baohua has never formally distributed dividends to them, he will eventually use a large sum of money to buy out one percent of their shares.
We should never forget those who dug the well when we drink the water. Back when Xing Baohua needed start-up capital, and even needed to handle certain matters, they provided a great deal of help.
When Xing Baohua sold off their shares, he would give them a hundred times the value.
As time went on, Xing Baohua's attitude towards money became purely numerical.
When capital accumulates to a certain level, money becomes less important. Plus, with elites leading teams in each department, he could easily travel around if he wanted to relax.
As long as the company remains under his control, it will be fine. It must also develop according to his vision.
If you really can't control it, sell. Cash out and leave the market, or do something else.
Anyway, I've accumulated enough wealth to do whatever I want. I'm not worried about lacking money.
If the system were changed to a shareholding system, Xing Baohua would be subject to the constraints of the labor union in terms of fund allocation, and would not be as free as he is now.
If we trace back to Xing Baohua's early investments and use the profits from the electronics factory to invest in other industries, then those shares wouldn't belong to Xing Baohua himself, but rather to the electronics factory.
Leaving aside distant examples, let's talk about something closer to home: the joint venture with motorcycles. How should we calculate that? It should be considered as shares in the factory.
There's also Hainan Holdings in Hong Kong, which Xing Baohua built using profits from his electronics factory. Strictly speaking, it was ultimately controlled by the electronics factory.
What does Xing Baohua have left? Just one percent of the shares. He handed over a huge fortune?
He now needs to accelerate the consolidation of his existing shares.
He separated all the companies he controlled from the electronics factory.
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