Steel Tycoon Reborn

"These old guys have a really big appetite, and they're not afraid of choking..."

Sun Yalin has never had any respect for the elders of the Sun family. She pretends to be her grandson in front of her face, and spends all day with the family visiting group. a few words.

Shen Huai sat next to Cheng Yi and yawned.

He didn't sleep well with Cheng Yi last night. Cheng Yi was able to sleep in late in the morning, and he had to rush to the county to approve the pile of documents that he had accumulated over the past few days. Although he pushed off several less important meetings, he would soon come back to accompany his grandfather, grandmother and grandchildren to visit Hongji Evergreen's factory in Xinpu and the construction achievements of Xinpu Port in the past few years. On this day After walking down, he was more tired than Sun Yalin and Song Hongjun, and his calf was sore and painful.

Cheng Yi sat on the armrest of the sofa, her arms lightly pressed against Shen Huai's shoulders, and sat next to him, looking at his tired face, reaching out and gently stroking the stubborn stubble on his chin, listening to Sun Yalin there Complaining, I think it's no wonder that the conditions proposed by the old man of the Sun family are too harsh. Although Sun Yalin said that he was also born in a family, but she has been independent for a long time and has no intention of being controlled by the Sun family anymore. go out?

After returning to the hotel and having a meal, everyone was full and sleepy.

The grandparents of Sun's family are all in their seventies or eighties, and there is no need to accompany them to any activities at night. Shen Huai chatted with Sun Yalin and Song Hongjun in the room, and planned to go back to rest with Cheng Yi.

Sun Qishan and Shen Shan knocked on the door and came in.

Seeing Shen Huai and the other four still sitting in the room, Sun Qishan closed the door, looked at his daughter, and asked her, "Your fourth grandfather can draw out the conditions today, whether it's successful or not, you also have to give a response from your side. …”

"It's impossible for the fourth grandfather to open his mouth, so I'll take the initiative to stretch my arm over and give him a bite, right?" Sun Yalin sat on the sofa and complained lazily. She didn't dare to be so presumptuous in front of her father, but The dissatisfaction in his heart will not be too much to cover up, "Mei Steel's shareholding structure, Dad, you are very clear. If the fourth grandfather took out $200 million three years ago, we would have nothing to discuss except to surrender and surrender. Qualifications. Now, we can't talk about it, we really can't talk about it..."

Shen Huai laughed. Although they are still trying to raise funds for development, they have passed the stage of giving away their core interests at a low price and sharing them with others.

"You guys are making your wings grow hard..." Shen Shan sat down with a smile and said.

"Grandpa, if you are with my father, we must accept the conditions of the fourth grandfather, and we agree..." Sun Yalin said.

"Without your grandfather's support, Mei Steel would never have grown to the scale it is today. You are Mei Steel's true Dinghai Shenzhen. It's up to you to decide how Mei Steel will go in the future." Shen Huai also said sincerely.

"Don't involve me in these matters, you decide for yourself," Shen Shan shook his head and said, "I came here to tell you something else."

"What do you want to say?" Shen Huai asked.

"People live for a hundred years, and their longevity ends. My grandma and I have been used to living in France for these years, and I don't want to go back to China to settle down. I'm afraid I won't be able to come back a few times this time. Some things have always been considered. This year Returning to China is finally a clear idea, so I will tell you about it..." Shen Shan said.

Shen Huai thought that his grandfather and grandma had no intention of returning to China to settle down. It should be because of the blow of this trip to northern Yunnan. The two old men decided so, he could only respect it, but listening to the grandfather's voice was very solemn, he didn't know what he had. To discuss important decisions, hold his hand, sit on the sofa together, and listen to him patiently.

"Neither you nor Cheng Yi intend to inherit the property of my grandmother and me. My grandma and I just want to set up a foundation in your mother's name. It is a pity that the Sun family's family fund cannot be divided, but we just want to At the same time, the 30 million US dollars that were taken out at the beginning were all replaced with corresponding equity shares, and all of them were put under the name of this foundation, and the subsequent income was mainly used to support the development of Zhujiang University of Science and Technology... The so-called ten years of trees, one hundred years of people, We can live another ten or eight years, and we are very satisfied. While we still have some time in our lives, we want to do something meaningful when we can. Of course, you still need to agree with Cheng Yi. "

Shen Huai glanced at Cheng Yi, clenched her grandfather's skinny hand, and said, "Why don't Cheng Yi and I support you with your grandma's decision?"

Nowadays, in European and American societies, a high proportion of inheritance tax is levied on inheritance; if hundreds of millions of family properties want to be passed on to their descendants, once an inheritance tax is levied, it usually shrinks by more than half.

Legacy that exists mainly in the form of corporate equity is even less able to withstand such division and tossing.

In order to avoid the division of family property under the inheritance tax system, wealthy families in Europe and the United States usually put their property into a privately controlled welfare foundation, which is nominally donated to charity, so as to avoid the division of inheritance tax.

This kind of foundation is nominally a public welfare pledge, but it only needs to donate at least 5% of the total funds to public welfare and charity every year, which can ensure that the huge wealth under the name of the foundation will always be controlled by the descendants of this family.

The family fund of the Sun family is almost the same as the surname. The members of the fund council are all held by the heirs. They jointly decide on the fund, management investment and public welfare affairs, which basically guarantees that the fund will always be controlled by the descendants of the Sun family.

If you don't do this, after two or three generations of inheritance, the Evergreen Group has long been out of the control of the Sun family, and the Sun family has long since fallen into disarray. How could there be a climate like it is today?

Shen Huai and Cheng Yi, even if they want to inherit the property left by their grandfather and grandmother in the future, they must first cut more than half of the meat from the French political axe's inheritance tax system.

There is currently no mandatory inheritance tax in China, but this is also the general trend. If a society wants to prevent serious imbalances from continuing, it cannot allow a family to accumulate wealth like a snowball without limit, nor can it allow the rentier class to expand without limit.

If grandfather and grandma wanted to transfer their overseas wealth to China, the ideal way Shen Huai could think of would be to set up a charitable foundation.

At the same time, after the establishment of Zhujiang University of Science and Technology, it will require a steady stream of huge capital investment in order to truly take root and develop.

Zhujiang University of Science and Technology, Xiapu County Zheng Axe is only one of the contributors, and it is not a public university in essence. Subsequent construction can be jointly invested by Xiapu County Zheng Axe, but the running of the school cannot all rely on public financial funding; after the establishment of the foundation, It will be able to provide a stable part of the school funding.

Shen Huai also wanted to have a greater development in his career, so he could not directly hold shares in Meigang. However, the foundation is nominally a public welfare pledge. In the end, he will inherit the control rights of the foundation funds. In fact, the part of the equity corresponding to Meigang will be directly controlled by him, which will also help him strengthen his control over Meigang. control.

For Shen Huai, this is actually the most ideal way for him to inherit his mother and the property of his grandfather and grandmother in the future.

If his descendants have the ability, they will naturally be able to make a career through this foundation; if they are not able, they can also receive a high salary from this foundation and wait to die - just like there are many children of the grandson family now. Just like receiving money from the family fund to live, there are also children of the Sun family like Sun Qishan and Sun Qiyi, who enter the enterprises controlled by the family fund to take important positions and obtain corresponding social status.

Shen Huai thought that his grandfather and grandmother would be extremely tired after their trip to northern Yunnan, and he never thought that they would still think hard for him these few days after returning from northern Yunnan.

Sun Yalin smacked her lips and said to her father: "There is no need to talk about controlling rights, Meigang's capital structure is determined, we can't give up the controlling rights of Zhongxin, but the fourth grandpa wants to hold shares in Zhongxin, In other words, I hope Zhongxin will become more open, this is not impossible to discuss, but in addition to a certain scale of capital injection, we have some conditions..."

"What conditions do you have?" Sun Qishan asked.

"Isn't my aunt worried that he and my aunt cannot divide the share in the family fund? If the fourth grandpa agrees, we will convert our share in the family fund into the equity of Yexin Bank and transfer it to the newly established aunt. In the foundation, Zhongxin can become more open," Sun Yalin said, "Dad, this also requires you to find a way to do the work of the fourth grandfather."

"You dead girl, you know how to push things on me." Sun Qishan laughed.

In addition to state-owned equity, the industrial clusters directly controlled by Meigang are mainly supported by the three investment platforms of Zhongxin, Hongji and Zhujiang.

In addition to being the largest single shareholder of Xinpu Steel, Zhongxin has been able to complete the construction of Xinpu Refining and Chemical Co., Ltd. The industrial investment fund of Zhongxin is mainly responsible for the injection of construction funds.

If you give up the controlling stake of Zhongxin Investment, it is equivalent to handing over the core interests of the entire Meishan Iron and Steel Group to others.

In the past few years, Zhongxin still had the full support of Shen Shan and Sun Qishan at first, and then Sun Yalin boldly mortgaged all the rights and interests in his name, especially the rights and interests of Xinpu Steel and Fuji Steel. It is not easy to get a large amount of Japanese loans from a Japanese bank related to Fuji Steel to support the construction of the Xinpu Refining and Chemical Project, and finally to tinker with its industrial fund to a scale of one billion US dollars.

Zhongxin also wants to further gather more industrial capital and expand its scale in a short period of time, and continue to maintain the current closed and conservative management state, which is obviously inappropriate.

Shen Huai and Sun Yalin and their conditions, Zhongxin and even Hongji Investment can become more open, allowing Changqing Group or Sun Family Fund or other related parties to participate in the shareholding, which can be subject to more rules, but in the relevant Until Fang fails to prove sufficient goodwill, Zhongxin's controlling stake will not be dispersed.

The big family can never simply measure the complex interests of the family. The entanglement and intricate contradictions within the Song family over the years are enough to prove everything, so some things are better to be clear from the beginning.

Of course, even if Zhongxin opens up and allows Evergreen Group or the Sun Family Fund to participate in holding shares, it is not without additional conditions.

The Sun family’s family fund is nominally a public welfare foundation. In theory, the shares under the name of the children of the Sun family cannot be divided and cannot be owned by private individuals. However, if the corresponding assets are transferred to another foundation, as long as they do not evade supervision, it is legally acceptable. is allowed.

In order to ensure that the family wealth is not dispersed, the Sun family usually does not allow this, but everything is not absolute; as long as the interests are sufficient, anything can be tolerated.

The Sun Family Fund, which mainly holds equity in Evergreen Group and BNP Paribas, currently directly holds about US$5 billion in net assets.

Although the Shen Shan couple were the second generation of the Sun family, they did not go abroad until the early 1980s, and their share in the foundation was less than 3%; even so, the Shen Shan couple had a bigger share than Sun Qishan. , Sun Yalin father and daughter are much more.

Since Shen Shan and his wife went to Guowan, their share in the family fund was not high, so their influence in the Sun family, Changqing Group and BNP Paribas was very weak, and there was almost no control over them. If there is an opportunity to divide this part of the property from the family fund, the meaning will be completely different, and there will be many things that can be done.

In addition to the further expansion of the core assets of the Meigang Department and the further enhancement of its influence and control over Yexin Bank, the scale of the foundation established by Shen Shan and his wife will also be directly expanded several times. more adequate funding for education.

In order to maintain the quality of public welfare, the Sun family's family fund has to spend at least 5% of its total assets for various public welfare undertakings every year, but mainly injects it into its own schools, hospitals, research institutes and other institutions.

Now Shen Huai and Sun Yalin are independent, and even if 5% of the foundation is used for public welfare every year, they must use it to support the development of colleges and research institutions closely related to Meigang.

*********************

Sun Changgeng, an overseas Chinese who is well-known in the National United Front Work Department, naturally, the United Front Work Department of the Provincial Party Committee will not ignore the United Front Work. In the next two days, Yang Qichuan, Member of the Standing Committee of the Provincial Party Committee and Minister of United Front Work, and the Provincial Investment Promotion Bureau are in charge. People, led the team to Donghua, and met with Sun Changgeng and others to negotiate.

Municipal Party Secretary Chen Baoqi, Mayor Guo Chengze and others, even if they knew what results they were going to achieve this time, the Meigang Department, which shares the same origin as the Sun family, benefited the most, but the expansion was ultimately the foundation of Donghua and even the entire Huaihai Province. They also had to "enthusiastically" come forward to entertain them.

Shen Huai took over the next two days, and also introduced to Sun Changgeng and others more in-depth information about the Huai-East Coal Project, Huai-East Electricity Project, and Huaihai Economic Zone.

Although a company of the level of the Evergreen Group cannot be regarded as the world's first-class industrial complex, it also needs to weigh the investment layout from the broader market environment and trend changes.

The development of Huaihai coal eastward, Huaidian electricity transmission to the east, and Huaihai Economic Zone have all explained the future development space and potential of Meishan Iron and Steel from a deeper level.

The special plane returning to France will be arranged by the United Front Work Department of the Provincial Party Committee.

On the day he sent his grandfather and the others to Xucheng International Airport for their flight, Shen Huai also made a statement to the organization department of the Municipal Party Committee and the Provincial Party Committee by donating part of their property to set up a foundation to support Zhujiang University of Science and Technology. report.

This not only involves Shen Huai's inheritance rights in the Sun family and the disposal of his mother's estate, but also involves the equity connection between Shen Huai and Meigang. These issues must be clarified in Shen Huai's organizational file before he can be further promoted and appointed.

Sun Yalin flew back to France at random and was in charge of the details of the negotiation of the release of shareholding restrictions for Zhongxin Investment. It was not until early April that she negotiated a result that everyone was relatively satisfied with with the seniors of Sun's parents, the senior management of Evergreen Group and BNP Paribas. come out.

After Zhongxin Investment opened the capital injection and shareholding restrictions, Sun's family fund, Evergreen Group and BNP Paribas injected a total of 200 million US dollars in exchange for 25% of the equity; Sun Qishan's initial injection of 50 million US dollars into the industrial fund plus income , converted to 15% equity of Zhongxin Investment; the initial investment of 10 million US dollars and income from Shen Shan and his wife were converted to 15% equity of Zhongxin Investment, and Sun Yalin personally took over 45% of Zhongxin Investment; Sun Yalin and his father Sun Qishan At the same time, they also promised that within five years, their father and daughter will transfer no less than 25% of the equity to a third party, and finally ensure that the open surname of Zhongxin Investment is not under the absolute control of individuals.

British Wujia and Berkeley Bank, and even Feiqi Industry and West Youmings, which have long-term cooperation with Meigang, are interested in the 25% stake in Zhongxin, but they have not yet agreed on the transfer price.

After Shen Shan and his wife returned to France, the Shen Guixiu Foundation was established. In addition to injecting 15% equity of Zhongxin Investment, it also held 10% equity of Zhujiang Investment and 10% equity of Hongji Investment~www.wuxiaspot.com~ In addition, the Sun family also transferred 5% of the equity of Yexin Bank as the due family property under the names of Shen Shan and his wife, which was transferred from BNP Paribas and Evergreen Group to Shen Guixiu Foundation.

In this way, in addition to Sun's family and BNP Paribas, which continue to hold 7% of the shares of Yexin Bank, Zhongxin and Hongji Investment also hold about 4% of the shares of Yexin Bank.

Yexin Bank's equity is quite scattered, even the state-owned shares are only 15%; Shen Guixiu Foundation, which holds 5% of the shares, is already the second largest single shareholder of Yexin Bank. Together with Zhongxin and Hongji Investment, Meigang The board of directors of Industrial Credit Bank has the right to nominate two directors.

The Shen Guixiu Foundation was registered and established in France. According to relevant laws, a foundation with assets of US$300 million at the beginning of its establishment needs to donate US$13 million in funds or materials to public welfare undertakings every year in order to maintain its public welfare status. .

If anyone was dissatisfied with such a result, it would be Sun Qiyi.

This time, the Sun family plans to expand hundreds of millions of dollars of investment in China, almost all of which are indirectly realized through Zhongxin Investment. The business of the Asia Pacific Affairs Department of Evergreen Group in China has not been directly expanded.

Although Zhongxin Investment will spend 100 million US dollars this time and a number of technology companies acquired in Japan before, into Hongji Evergreen, and jointly promote Hongji Evergreen's international industry in Xucheng with Hongji and Evergreen Group The construction of the third phase of the garden, but this actually means that Sun Qiyi can only be on an equal footing with his niece Sun Yalin from now on. Naturally, he can't talk happily.

The situation cannot be controlled by others. Although Sun Qiyi is not very happy in his heart, he can also recognize the reality. During this time, he has also traveled in many places to actively promote the construction of Xucheng International Industrial Park and the third phase of Hongji Evergreen project.