Chapter 747 - 288: Why Should I Tell You What My Own Money Is For?_3

Chapter 747: Chapter 288: Why Should I Tell You What My Own Money Is For?_3

"Congratulations, master, for receiving a negative rating. We hereby reward you with 16% equity in Hai City Bank, making you the largest shareholder. The equity transfer documents will be sent to your home tomorrow morning. Please remember to check your mail."

A slight smile appeared at the corner of Mr. Yang’s mouth as he quickly checked out the situation with Hai City Bank.

Hai City Bank, a listed company, has a total share capital of 14.2 billion shares and a current market value of 80.4 billion.

Previously, Hai City United Investment Co., Ltd. held 15.1% of the shares, making it the largest shareholder.

Hai City United Investment Co., Ltd. belongs to Hai City’s State-owned Assets Supervision and Administration Commission.

Hai City State-owned Assets Supervision and Administration Commission also holds, directly and indirectly, nearly 60% of Hai City Bank’s equity through various district finance offices in Hai City and investment companies controlled by the commission.

Therefore, although Mr. Yang now holds 16% equity and is nominally the largest shareholder, the controlling stake in Hai City Bank still lies with Hai City’s State-owned Assets Supervision and Administration Commission.

However, it’s no big deal. For such a giant company, whether or not you control it isn’t important, so long as Mr. Yang’s equity allows him a voice at the shareholders’ meeting.

Soon, Mr. Yang arrived at the restaurant.

At this moment, Ji Kun was already chatting with Huang Guangmei from Le Mei Clothing Factory.

Ji Kun quickly stood up and said, "President Huang, let me introduce you. This is Mr. Yang Chen, chairman of our Chenguang Charity Foundation. Mr. Yang, this is President Huang Guangmei of Le Mei Clothing Factory."

Mr. Yang: "Hello, President Huang."

Huang Guangmei: "I didn’t expect Mr. Yang to be so young; truly promising at a young age."

With a smile, Mr. Yang invited everyone to sit down, and then they began to order food.

Because everyone would be driving, they chose tea over alcohol.

After eating and drinking their fill, Ji Kun brought up the topic of the 3 million donation.

Huang Guangmei immediately began to complain to Mr. Yang.

"Mr. Yang, I want to apologize to you. Indeed, what I did was not very straightforward. But I really had no choice; I have only this much spare money and no other funds available. I wouldn’t normally need this amount, and donating it for the children’s use is a good purpose. But recently, a mysterious wealthy person from Dragon Country acquired shares in the LVMH Group, becoming the second-largest shareholder of the group. A fellow Dragon Country person is one of us, and if I can use a few million to win them over, my factory’s future subcontracting orders from the LVMH Group would be more stable, and definitely increase. Right now, I don’t have money to spare, so I had to cheekily ask for the donation back from your foundation. Once my finances are more comfortable, I’ll donate 5 million to your foundation. I hope Mr. Yang can understand and be accommodating."

Mr. Yang: "I understand President Huang’s point. But with what you’ve done, our foundation might attract heightened scrutiny from relevant authorities. We might even have to prove we aren’t involved in money laundering, which would bring unnecessary trouble. Regarding the LVMH Group’s second-largest shareholder, how much do you plan on offering them?"

Huang Guangmei: "That would depend on how much they ask for."

Mr. Yang: "So if they want a million, you’ll give them a million?"

Laughing, Huang Guangmei replied: "If they ask for a million, I must give it. As long as they can ensure I receive more orders, I am willing to pay."

Mr. Yang nodded, saying, "Alright! Your 3 million donation will remain valid, but also prepare 7 million for me."

With that, Mr. Yang called Wu Yue and put the call on speakerphone.

Soon, the call was connected.

Wu Yue: "Good afternoon, Mr. Yang. Your friend is doing well here; you can rest assured."

Mr. Yang: "Hmm, that’s good. So, I wanted to ask, how many orders does our group have with Le Mei Clothing Factory?"

Wu Yue: "For now, only some LV products are being outsourced to Le Mei."

Mr. Yang: "Please reassess their performance over there; if they meet the criteria, provide them with as many orders as possible."

Wu Yue: "Understood! I will handle it promptly; rest assured, Mr. Yang."

Mr. Yang: "Alright! You carry on; I’ll hang up now."

Beside him, Huang Guangmei was in shock, unable to react momentarily.

Ji Kun asked in astonishment: "Mr. Yang, did you acquire shares in the LVMH Group and become their second-largest shareholder?"

Mr. Yang nodded, saying, "Yes! Their profitability looked good to me, and since my money was sitting idle, I figured why not acquire them and wait for dividends. President Huang?"

Only then did Huang Guangmei react, laughing heartily and stepping forward to shake Mr. Yang’s hand, saying: "I didn’t realize Mr. Yang was the second-largest shareholder of the LVMH Group! Oh, you really fooled me. If you had told me sooner that you’re the LVMH Group’s second shareholder, how could I have come asking for the money back? Embarrassing, embarrassing; I hope Mr. Yang doesn’t hold it against me."

Mr. Yang: "Donating is based on one’s actual situation, so there’s no need for you to feel embarrassed, President Huang."

Huang Guangmei: "Alright then, forget about the three million; I’ll give Mr. Yang another million. As long as Mr. Yang can give me more orders."

Mr. Yang: "We’ll wait for the results of Wu Yue’s assessment first. I don’t participate in operational management, so I can’t make direct decisions. I can help you compete for orders within your capability, but I won’t mindlessly hand them over. Understand what I mean?"

Huang Guangmei: "I understand! I understand!"

Mr. Yang: "Alright, then it’s settled. Let’s go."

The three of them got up to leave.

Ji Kun wanted to pay the bill, but there was no way Huang Guangmei would let Mr. Yang’s team foot the bill, so he insisted on doing the payment himself.

Mr. Yang found the whole bill-paying contest very low, so he quickly stepped out on his own.

As soon as he exited the restaurant, a somewhat familiar figure approached.

Mr. Yang took a closer look, and saw it was the female passenger who had shouted for someone to hit her.