The official version of the incident is:
Upon her death, Ms. Li Yinghua left a will, bequeathing "Xiangjiang Hongming Industrial" to her grandson, Si Mingyu. If the business continues smoothly and Si Mingyu does not commit any illegal or irregular acts after acquiring this enormous fortune, the agreement will be disclosed to him one year later. If not, the shares will be donated.
After Si Mingyu took over, "Xiangjiang Hongming Industrial" operated normally, and the East Asia Mingyu Group he founded continued to grow and develop. Not only did he not do anything illegal or irregular, he also did a lot of charitable work, which met the conditions for triggering the will.
So, a team of lawyers came with the will and agreement.
Guoxing Company has been renamed Guoxing Group Co., Ltd., which includes numerous wholly-owned subsidiaries spanning dozens of industries. The group and its subsidiaries have consistently operated with a low-profile, wholly-owned approach.
As of the day the lawyers triggered the agreement, the group's total assets were valued at NT$793.7 billion, with liabilities standing at NT$103 billion. Furthermore, the group had invested in dozens of companies, large and small, with shares valued at over NT$400 billion at that day's market price.
Yes, this group, which is so low-key that most people don’t even know about it, is the asset that the company arranged for Si Mingyu.
The reason for giving so much money was because of the words of the family elder in the company. But until now, Si Mingyu still didn't know who this elder was because he didn't have enough rank and authority.
The document that Gu Shuanghui showed Gu Zhanwu was the explanatory material about the cause and effect of "Guoxing Group Co., Ltd.", which is why Gu Zhanwu reacted so strongly.
A group company with over one trillion yuan (including shareholdings) has a huge influence in China's business world. More importantly, the relationship between this group company and the government is unmatched by others.
It is true that if Gu Shuanghui no longer serves as the head of the group company, with the shares of Penguin and other assets under his own name, totaling nearly 40 billion Chinese yuan, he can still be ranked among the top 100 richest people in China, but the gap between the two is definitely a world of difference.
I originally thought that Si Mingyu was able to achieve what he has today because of his father's help, but I didn't expect that the reality is that his father is just someone else's senior employee. This truth is so ironic.
As for Gu Shuanghui, once he hands over "Guoxing Group Co., Ltd." to Si Mingyu, he can retire. As long as he and his descendants do not violate laws and regulations, the company can ensure that he will have no worries for generations. With the remaining assets, he can still be a wealthy man by spending them on his grandchildren.
This is the company's reward for his decades of hard work. What else is there to be dissatisfied about?
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Si Mingyu, who was pretending to be sick in the hospital, received a call from Jiang Xueyi, who told him in detail about the "Guoxing Company".
Si Mingyu is no longer surprised by the company's arrangements. In his opinion, as long as it is reasonable, there is nothing the company cannot do. Even if it is unreasonable, as long as it conforms to objective laws, the company can do it.
Not long after, he received another call from Gu Shuanghui, asking him about the handover of "Guoxing Group Co., Ltd." Si Mingyu could only smile bitterly and say to wait a few more days. It's impossible for him to recover after just two days of hospitalization.
However, Si Mingyu also stated that taking over the assets of Guoxing Company was the company's arrangement, but after the change of ownership, Gu Shuanghui would still be the person in charge, and everything else would remain unchanged.
From such a large amount of money, it can be seen that money is just a number in the eyes of the company. Since Gu Shuanghui is an employee of the company and takes good care of himself, why not maintain the status quo?
In fact, such a big thing cannot be done quickly.
Even a small company's legal representative change requires a mountain of paperwork, let alone a group of this size. The entire staff of a law firm and an accounting firm were housed at Guoxing Group, and it would take at least a week to produce all the legal documents and audit reports.
Officials from the relevant departments, such as the Industry and Commerce Bureau and the Tax Bureau, were dispatched, as were all the banks that had ties to the group. Even the General Office of the State Council sent someone to privately contact Si Mingyu. After all, this matter involved the relevant departments of Zhougong, and they had to investigate.
There will definitely be no problem with the final result, and Si Mingyu also agreed to the agreement that it will be sent to the National Museum for preservation after use.
The origins of Guoxing Company date back over 70 years, and were largely confidential at the time, making them largely unknown. Later, it became Guoxing Group, undergoing a series of changes that have left even those curious enough to investigate.
Now a will and an agreement have brought back the events of the past. Although we still cannot know the inside story, with so many people involved, the fact that the company's owner has been changed to Si Mingyu cannot be concealed.
So even though everything is kept very low-key and the authorities have made relevant requirements, those who should know already know, and those who are not qualified to know will continue to know nothing.
The first thing was to repay the debt. Guoxing Group was wealthy, but wasn't it normal to make money with borrowed money? Since Si Mingyu didn't want to go into debt, he could just return the money to the bank.
The final remaining assets were 690.7 billion Chinese yuan.
However, these do not all belong to Si Mingyu, because when the company was first established, "United Bank", now China Resources, held 30% of the shares. Later, when the official withdrew, 15% of these shares were repurchased by the company, and the remaining 15% were bought by some private companies.
Because the agreement stipulates that if a shareholder wants to sell his shares, he can only sell them to other shareholders. Unless the company is short of money at the time, the remaining shares will not be bought by others.
Therefore, 103.6 billion in assets and 60 billion in shares held in various companies belong to others.
The people who were able to take over the shares when the official withdrew were definitely not ordinary people. They were also the second generation of each family. However, the second generation at that time was different from the second generation now, and the value of their shares was much greater.
Compared with doing business themselves, they prefer to invest in some companies to gain benefits indirectly, and Guoxing Company at that time was favored by them because of its special characteristics.
However, with the rise and fall of each family, the company's shareholders have been constantly changing, but the number of shareholders has been gradually decreasing. After all, the price of one share back then is a world away from the price of one share now.
Therefore, those who can afford to buy shares are the original shareholders, which leads to the concentration of equity.
So now, apart from Si Mingyu, there are eight other shareholders in the entire company. Although these eight people are not well-known in the outside world, the power of themselves and their families is no less than those in the open.
This is also the reason why many problems can be solved by Gu Shuanghui stepping in.
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