We are all reborn, who wants to be the richest man?
Chapter 193 Group Adjustment
In October, Luo Nianzhong once again split and integrated the Far East Group.
Far East Group has nine subsidiaries: Far East Semiconductor Company, Far East Software Company, Far East Real Estate, Far East Port Management, Far East Communications, Asia Media, Honor Technology, Far East Automobile, and Watsons.
Luo Nianzhong holds 30.6% of the shares, Far East Bank holds 20%, the family office holds 49%, and the three daughters, Jia Luo and Wang Yunhua, each hold 0.1% of the shares.
The Far East Board of Directors was established, with a total of nine directors including Luo Nianzhong, Welch, Robert, Jason, Far East Group's financial director Li Jie, the three daughters, and Luo Wang Yunhua. This was Luo Nianzhong's decision just in case.
Originally, Luo Nianzhong wanted Li Xiang from Watsons to come in. In the past two years, he has developed Watsons well and he can be regarded as Luo Nianzhong's confidant.
However, Welch persuaded him. Li Jie, the group's financial director, did not join. It would be easy for the people below to think blindly if the president of the company below became a director.
Luo Nianzhong thought the same thing, let's just do this for now and talk about it later. Anyway, there will be adjustments.
Moreover, when Luo Nianzhong was alive, everyone knew that this board of directors was just a decoration, which can be seen from the personnel arrangement.
Just like Robert is now managing the family office, in the future, except for Welch, Jason's legal affairs, Chris's human resources department and other positions will be relinquished and handed over to others. They can just serve as directors and serve the family office.
However, this requires a long process, which may be several years or more than ten years.
Or the company was established too young, and the potential of the people underneath it was not fully exploited. People would be dissatisfied with external hires, which would be disheartening. Luo Nianzhong planned to wait for two years to see the situation before making adjustments.
And there is Chris. If Chris hadn't insisted, she wouldn't have to work and become a member of the family service.
But Luo Nianzhong is not raising canaries. Her ability to like work is more important than anything else.
Luo Nianzhong also didn't want to think that if something happened, such a large group would be leaderless and without a backbone.
In addition to these nine subsidiaries, the newly established AirAsia, the island country's Hitachi, Nissan, Canon, Marubeni, and Fuji TV.
China Electric Lighting Company and Grand Hotel Group merged with the Kadoorie family.
Far East Bank, Yunhua Investment, Asia Investment, Korean Capital and the Hong Kong Island Water Company that invested in Zheng Jiachun were all transferred to the family office, and these companies also became very important through various cross-shareholdings of various investment companies of the family office. complex.
Yunhua Investment also transferred its holdings of Home Depot, Pfizer Bristol-Myers Squibb, YDD Luxury Company, and Cheung Kong shares to Asia Investment and Far East Bank.
Luo Nianzhong also began to learn from those big families. The family office wholly owns a private bank. This private bank controls various investment institutions, and the investment institutions control the major groups.
In addition to these companies, Luo Nianzhong also separated the two major research institutes separately. From now on, the Far East Group will only own 1% of their equity, but they will still be managed by the Far East Group.
The purpose of this is to hide the wealth of these two major research laboratories. Relying on various patent licenses to the following companies, the income of these two major research laboratories is considerable. Not only can they be self-sufficient, but they can also generate a large amount of profits every year. .
Now that most of the shares have been split into investment companies registered in the Cayman Islands, Far East Group has paid a lot less tax, and Luo Nianzhong can also use this hidden funds to do other things in secret.
As for the gentleman's agreement with MacLehose, this is not considered a violation.
Far East Semiconductor Company has two companies, Far East Chip and Far East Electronic Machinery.
The independence of the two major research laboratories also means that the two companies Far East Semiconductor and Far East Software are also independent, and there is no longer any interest between the two.
In the future, these companies will serve as manufacturing and operating companies, such as manufacturing chips, photolithography machines, etc.
Far East Software Company is under the jurisdiction of Far East Office Software Company, Far East Database Company, and Far East Systems Company.
There may be many more in the future, but these are the three for now.
In addition to its own real estate management projects and the newly established Far East Cultural Tourism Company, Far East Properties also has Qingzhou Yingni, which monopolizes the cement industry in Hong Kong and Macao.
With Luo Nianzhong's heavy investment, Qingzhou Ying Cement now has a monopoly on the Hong Kong and Macau markets. Even in Southeast Asia, it has about 15% of the market share and is one of the largest cement manufacturers in Southeast Asia.
The reason why Luo Nianzhong basically doesn't pay attention to this company is not that it doesn't make money, but that in his opinion, the industry does not have much technical content at this stage.
As long as a portion of the profits can be invested in research and development every year, and we are not willing to update too many backward production equipment, we can develop steadily at low prices.
Far East Port Management Company has jurisdiction over Far East Shipping, Hong Kong Island Terminal Management Company and Far East Port Company, which respectively correspond to shipping, terminal container management and port management.
Far East Communications owns Island Telephone and a quietly established mobile phone company.
Asia Media has the most subsidiaries and sub-subsidiaries, including Southeast Daily, ATV, Film and Television Oriental Film Company, Film and Television Oriental Cinemas, and Brilliant Records, which was split from ATV and renamed.
There are also the large and small local newspapers in Southeast Asia acquired by Southeast Daily, and various film companies in which Film and Television Oriental Co., Ltd. has invested.
Today's Asia Media can be said to be the largest media group in Asia.
Honor Technology has six companies: Honor Game Company, Honor Mall, Honor Computer, Honor Audition, Youth Toy City and Youth Comics.
Watsons owns Ajinomoto, PARKnSHOP supermarkets, convenience pharmacies, Mead Johnson milk powder, Watsons beverages, Watsons cosmetics, and Watsons catering.
Some of these companies are still being subdivided. For example, Watsons Restaurants has KFC, Pizza Hut, Café de Coral, and Fairwood.
PARKnSHOP Supermarket Company also has PARKnSHOP supermarkets and 724 convenience stores.
Mead Johnson milk powder is the same. It has stakes in many New Zealand milk source companies, but the shares are not large. They basically have one or two board seats, just to protect the milk source.
Far East Motor owns three brands: Rolls-Royce, Lamborghini and Nissan.
This is not the end. Luo Nianzhong’s idea is to build it into a giant with many brands like Volkswagen in later generations.
Through this adjustment, there are hundreds of subsidiaries and sub-companies under the Far East Group.
There are more family offices, mainly because those companies in island countries have many subsidiaries.
This integration and split is for no other reason than for better financing and listing.
The economic stagflation in Europe and the United States is about to end, and the wave of globalization and corporate mergers is about to come.
The next few years will be the time when the Far East series wholesale is launched, which is also the responsibility of the European and American partners who are about to join.
As long as everyone benefits, more big companies and big families will join in with confidence, forming an intricate relationship.
Regardless of the fact that there are many companies with the Far East prefix, that is because every newly established company is a new brand and needs the Far East brand to enhance its visibility and guarantee.
When these industries take shape and merge with other companies or be acquired by the same industry, Luo Nianzhong does not mind giving up the current brand at all.
It has become a "declined" ordinary large enterprise that "used to" be glorious.
By that time, Luo Nianzhong no longer needs the Far East brand.
If you can beat your opponents, fight them. If you can't beat them, buy them, invest, and get stuck on patents.
He will have too many ways to turn himself into one of the decision-makers of other people's companies.
Controlling a company sometimes does not necessarily require controlling shares of the company, but controlling seats on the board of directors.
Your shares share an interest in the company's earnings rather than the company's decision-making power.
It's like Ping An became the majority shareholder of HSBC 40 years later, but HSBC still did a lot of disgusting things.
Why? Because this major shareholder does not even have a board seat in HSBC, it does not need to be notified of all HSBC's decisions.
It is similar to the Japanese companies owned by Luo Nianzhong. Although not as miserable as Ping An, each company only has two to three board seats, less than one-fifth.
Therefore, Luo Nianzhong seldom participates in management and does not compete for most internal management rights. He only puts forward some opinions to make the company better and asks for decision-making rights, in order to let more directors subtly believe in himself and prepare for future opportunities. .
The most important thing for Luo Nianzhong this time is Far East Bank. Through acquisitions, Far East Bank acquired two small banks in San Francisco and Silicon Valley. In addition, Yunhua Investment, Asia Investment and others have set up branches there.
The reason for doing this is to bite off a piece of meat in the Internet trend and wait for acquisition or cross-exchange of shares.
Far East Systems has begun to study graphical user interfaces, which also indicates that the Internet trend is coming soon.
As for the World Wide Web, it is not technically difficult.
The World Wide Web's ability to bring the Internet into ordinary people's homes is inseparable from two technologies: hypertext and graphical user interfaces.
Hypertext has been around for decades, and all it needs is deepening and development.
After the Far East System's graphical user interface, which can now be said to be a fool-proof technology, has been successfully developed, and other related equipment has been developed, he will begin to promote the vigorous development of the Internet.
Therefore, Luo Nianzhong planned in advance to make the two banks he acquired become the first choice for Internet companies and choose a good family to marry before the collapse.
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