At nine o'clock in the morning, the convoy picked up Si Mingyu and his party on time and took them to the Hong Kong Branch of China Trust.
"Mr. Si, please come in." Chen Weirong and relevant personnel greeted him at the door.
"Excuse me, Manager Chen."
In addition to Attorney Zheng and his four colleagues, they also hired over ten lawyers from a local law firm and over ten financial personnel from a local audit firm. When it comes to an inheritance involving nearly 100 billion yuan, it's important to treat it with the utmost rigor.
For Chen Weirong, Si Mingyu will jump into the top ten of Hong Kong's rich list after taking over the "Xiangjiang Hongming Industrial" industry, not to mention the East Asia Mingyu Group under his name. Therefore, it is beneficial for him to lower his posture and make friends sincerely.
Today, Si Mingyu wore a navy blue Mao suit, looking much more mature, while Zhang Ningxi wore a high-end new Chinese-style dress. As soon as they walked into the auditorium, they attracted everyone's attention.
At Si Mingyu's request, only three media outlets were present, along with officials from relevant departments, employees of China Trust, and the lawyers. They were not allowed to take photos, only record the proceedings. Photos will be provided by his side later.
Although his inheritance of "Xiangjiang Hongming Industrial" is a major local event, it is ultimately a private family matter. Since the media has made the request, they can only comply.
After some introductions and routine courtesies, the relevant personnel took their seats.
"Mr. Si, my name is Huang Fufa, and I am the lawyer responsible for matters related to Ms. Li Yinghua's will." From his appearance to his dress, this man is a typical Hong Kong lawyer.
"Thank you for troubling me, Lawyer Huang, and thank you all for your work." Si Mingyu replied politely.
"Mr. Si, this is Ms. Li's will document, and these are the relevant legal documents, please take a look." At the signal of lawyer Huang Fufa, several lawyers beside him placed several folders on the table.
"Mr. Si, these are the various licenses and financial statements of Xiangjiang Hongming Industrial Company." Manager Chen Weirong also had someone put down dozens of folders.
Under the arrangement of Lawyer Zheng, more than ten lawyers and more than ten financial staff began to check the documents according to their respective tasks. Si Mingyu picked up his grandmother's will and read it carefully.
This time, we were mainly reviewing the legal documents; after all, once you sign, you're responsible. As for the financials, it was just a formality. Not to mention that China Trust Group had already reviewed it internally and had a professional audit firm review it again, so there were definitely no issues.
Otherwise, if it involves various reports of the head office and branches of "Xiangjiang Hongming Industrial", large and small, it would take even a hundred people half a day to check them all, let alone a dozen people.
"Mr. Si, I'm David Lu, the president of the Hong Kong branch of China Trust Bank. We have prepared all the taxes and fees you will have to pay for inheriting Ms. Li's estate." President Lu handed over a document.
"Thank you China Trust Bank and President Lu." Si Mingyu took the document and started reading it.
Inheriting this nearly 100 billion yuan estate required paying nearly 20 billion yuan in various taxes and fees, and there was no way to save money whether to pay it first or later. At the time, no one, including Ms. Li Yinghua, thought Si Mingyu could handle this at his age, so she had already made arrangements.
Use the assets under the company's name for a preliminary transaction, and have China Trust Bank pay all the taxes and fees. Si Mingyu only needs to sign a few documents, and when the inheritance procedures are completed, China Trust Bank will take over the assets.
These are all high-quality assets and the bank can make a lot of money by selling them. If it weren't for the good relationship, such a good thing might not even get the chance to China Trust Bank.
Of course, with Si Mingyu's current wealth, it is not a problem to come up with 20 billion Chinese yuan, but since grandma has made such detailed arrangements, why should he do it again? It will also be beneficial for him to maintain a good relationship with China Trust Bank.
"Mr. Si, there is no problem with President Lu's documents." Lawyer Zheng and several other lawyers said after reading them.
"Okay." Since there was no problem, Si Mingyu signed his name.
"Thank you Mr. Si for your recognition of our China Trust Bank." David Lu was very happy at this moment.
After signing, the matter was settled. After the nearly 20 billion assets were sold, there would be a lot of profit. He alone could get a bonus of several million.
Afterwards, all the lawyers and financial staff said that there were no problems with the documents.
"Then sign it." Si Mingyu picked up the pen.
Documents were passed around among the crowd like on an assembly line. Officials from relevant departments signed and stamped them, Huang Fufa and other lawyers in charge of estate and will matters signed and stamped them, Chen Weirong and other people in charge of asset management signed and stamped them, and finally Si Mingyu signed and stamped them.
Also present were a number of senior executives from Xiangjiang Hongming Industrial, who also had to sign and stamp some documents.
It can be said that it took half an hour just to sign.
After "Xiangjiang Hongming Industrial" is transferred to Si Mingyu, it will be renamed "Dongya Mingyu Hongming Industrial". It will still be an independent group company, and the relevant procedures will be handled by someone.
The organizational structure of all head offices and branches remains unchanged, and the positions and remuneration of executives remain unchanged except for a 10% salary increase. This is written into the contract.
After all the procedures were completed, the people present spontaneously applauded to express their congratulations.
Although the total asset value of "Dongya Mingyu Hongming Industrial" has shrunk to 80 billion Chinese yuan after paying various taxes and fees, since the company is not listed, these are real personal assets, which are different from the market value of listed companies that fluctuate with stock price fluctuations.
The smooth handover of such a large group company is good news for Hong Kong officials, the group's internal affairs, and even the Hong Kong business community. The new boss's prudent policies are also what everyone hopes to see.
"Everyone, I have already booked a table at Longjingxuan Restaurant. Please go over and have a working lunch." Si Mingyu said to everyone present.
"Thank you, Mr. Si." Everyone expressed their gratitude.
This restaurant is located on the fourth floor of the Four Seasons Hotel in Financial Street, Central. It enjoys a beautiful view of the Kowloon Peninsula and is a model of new-style high-end Cantonese cuisine. It has won the honor of three Michelin stars. In order to entertain everyone, Si Mingyu has booked the entire restaurant.
Of course, everyone present was a person of status. If it was just a meal at a Michelin three-star restaurant, no one would take it seriously. But now it was a big shot whose wealth ranked among the top ten in Hong Kong who was treating them, so the meaning was different.
Officials naturally hoped to engage more with Si Mingyu and encourage him to contribute to Hong Kong's prosperity and development. Group executives also jumped at the chance to impress their new boss, and those from China Trust, banks, law firms, and auditing firms were eager to connect with this new leader.
It can be said that both the host and the guests enjoyed the meal.
Continue read on readnovelmtl.com
