Xiao Zhen and his uncle Niu agreed to split 30% and keep the rest for important matters.
Xiao Zhen had 5% of the royalties, of which he first received US$2.05 million, and then 30% of US$3.5055 million, totaling US$5.5555 million, which is still in the account of Bank of China Hong Kong City Head Office.
Uncle Niu received 2.337 million U.S. dollars in November, and his father received 5.8425 million U.S. dollars. His father needed RMB to build a gas station, so after offsetting, he got 9.4 million RMB and 2.83 million U.S. dollars.
At the end of November, Xiao Zhengtang led the team of Huaguang International Investment (Gangcheng) Company to invest 12 million RMB in service station-style gas stations.
An investment agreement was signed directly with the Yucheng Shi Government, and a total of 10 Huaguang gas stations were started at the same time, with the construction being carried out by Yucheng Construction.
Subsequently, a supplementary memorandum was signed, which would see an investment of 10 gas stations per month.
There is also an investment of $2 million in an engine parts factory.
What’s amazing is that investing in US dollars is very attractive, with a 5-year tax exemption period, but Xiao Zhengtang said he only needs a 3-year tax exemption period.
Could he possibly grant him more land? Later, he plans to build housing for employees who have served for five years after the company becomes formally established.
However, for employees, the minimum requirement is to graduate from junior high school. After the interview and passing the exam, the salary will be paid in the form of basic salary + piecework wages + overtime pay + holiday allowance + five insurances and one fund. The accounting firm chosen was Baring.
Since Xiao Zhen had set his sights on Peregrine, he first said hello and made himself familiar with the company. Xiao Zhengtang also told the accountant that there was no need to deliberately evade taxes and that they should pay whatever they were required to pay.
Liang Wenkang, the professional manager hired, also told the Hong Kong-funded Huaguang Machinery Industrial Company to make clean money in an honest way.
On December 1, Xiao Zhengtang donated 5 million RMB to establish the Huaguang Science and Technology Promotion Scholarship to reward outstanding students majoring in science and engineering from all universities in Chongqing.
The annual interest rate is now about 11.2% bank deposit interest.
In mid-December this year, an additional RMB 560,000 was invested to reward 1,000 outstanding students, with each student receiving a scholarship of RMB 560.
The list of award-winning students will be announced in the Chongqing Daily on December 12 every year, and 1,000 science and engineering students will be awarded each year.
On December 3, Huaguang Investment visited Chongqing University and Chongqing Institute of Technology and signed industry-university-research integration agreements with the engine and mechanical majors respectively.
Huaguang Machinery also hired some experts from the two schools to provide technical guidance.
Huaguang has decided to purchase secondary engines and complete vehicle technology from Japan's Suzuki Motorcycles, and the negotiations are almost successful.
Xiao Zhen drew the appearance of a scooter and a 70 motorcycle. As for their parameters, he had not yet learned such advanced knowledge.
On December 6, a joint venture motorcycle enterprise was established by Huaguang International Investment, Huasheng International Investment and Ba County Government to establish the Sino-Hong Kong Joint Venture Daxia Motorcycle Manufacturing Co., Ltd.
Huaguang, Huasheng and Baxian hold 42%, 28% and 30% of Daxia Motorcycle's shares respectively. Baxian invested 1,000 acres of land, with a total investment of US$3 million. It has four of the latest motorcycle production lines. The first phase is expected to have an annual shipment capacity of 500,000 vehicles and will be put into production in three months.
Among them, 200,000 scooters were exported and 300,000 scooters were sold domestically.
This is already a very good result. Daxia Motorcycle is built in the dam of Huaxi, and gives priority to recruiting people with junior high school education and passing the examination from nearby Huaxi to enter the factory for paid training.
It is also divided into an 8-level worker system, but the basic salary is higher. Adding it all up, the starting salary for a first-level worker is 88 yuan.
When the labor contract was signed, it was clearly stated that priority would be given to solving the housing problem within five years of joining the factory.
Daxia produces complete vehicles, and Huaguang Machinery directly uses the engine technology purchased from Suzuki to re-develop its own engine, and also offers a bonus of 200,000 RMB.
Xiao Zhen received the global royalties from his first book, "National Treasure 1," at the end of November.
It sold 860,000 copies and ranked 23rd on the New York Bestseller List. The publisher is Random House.
The royalty rate is 8%, and each book costs $15. Xiao Zhen earns $1.2 per book. In the first month, Xiao Zhen has a royalty income of $1.03 million. However, after deducting 20% tax, the after-tax income is $824,000.
Random House has been urging his special assistant, Ms. Chua Mei-yun, to sign contracts for the other nine sequels. Xiao Zhen asked them to discuss the details after the first quarter of March 1985.
Xiao Zhen did not make it to Gangcheng, and neither did his father. However, the Hong Kong stock downside option contract had already been established in November, and Xiao Zhen released a 10x leveraged option with an execution date on the third day after the Iron Lady's fall.
Therefore, the Bermuda Cougar investment in Xiao Town made a profit of 1.5 billion Hong Kong dollars, which is only 190 million US dollars.
On December 12, Huaguang Technology, headed by President Niu Wenxi, released the Huaguang Input Method Suite, which includes Pinyin, Zhuyin input methods and Wubi input methods with slightly intelligent associations.
Each set is sold at a very low price of US$9.9 or HK$71 (RMB 29.9 in mainland China) and includes both Wubi teaching materials and both traditional and simplified Chinese characters. It has always been sold together with Huaguang Office Partners.
This simply beat all other office complexes in seconds, and Huaguang Technology became the light of Asian technology at the end of 1985.
As of the end of December, Huaguang Technology had US$680 million in its account, which is 5.304 billion Hong Kong dollars. At the end of the month, Xiao Zhen said that he would divide the accounts into 70% and keep 30% to recruit R&D teams around the world. He wanted to develop computers and pagers.
Xiao Zhenfen first received 3% of the global royalties of US$20.4 million, plus US$197.8 million, totaling about US$210 million in dividends.
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