Extraordinary Genius - Chapter 663
Chapter 663 – Guangcai Program
Liu Yonghao frowned. What does this Feng Yu mean? This is myfamily’s affairs. What has it got to do with you? But this Feng Yu hadhighlighted the biggest issue faced by New Hope Group. The 4 brothers had setup this company together, but the shares were not clearly allocated, and thiswas a significant problem when it comes to managing the company.
In 1992, Liu Yonghao had seen this problem, and he hiredsomeone outside to manage the company. But in a family business, the biggestissue was the brothers had different views. Furthermore, all of them weremarried, and they all have their own family issues, and there was an issue withthe future inheritance of this company. These were problems they had to face.
If there were only 4 brothers, these issues could be solved quickly.But now, it was 4 families. This was a headache for Liu Yonghao.
“I can handle this. You don’t have to worry about me.” LiuYonghao replied. His tone was slightly pissed.
“I am not good at managing companies. My father is the same.That’s why I made a lot of investment and never managed any companies. Myadvice to you is to split up early. Any later, the relationship betweenbrothers might turn sour. The minimum you all should do is to state the sharesclearly and split the market. But you should own the most share. Without you,there will not be a New Hope Group.”
Liu Yonghao heard what Feng Yu said. This was what he wantedto do. If he does not make things clear with his brother, then it will be hardto split up with his brothers when the business grows bigger. At least, hisyounger brothers still listen to him now. in a few more years, all their kidswould have grown up, and many things would have changed.
So, this Manager Feng does not manage his companies. This isweird. Which boss would hand over his authority to others? But Liu Chuanzhi hadsaid that all of Manager Feng’s businesses were doing well. Could this be hissecret formula?
Should I listen to those higher management staffs more oftenand stop making all the decision myself?
“Thank you, Manager Feng, for your advice. I will considerit.”
“I heard that Mr. Liu is setting up a Guangzai Program. Am Iqualified to join?” Feng Yu smiled and asked.
Feng Yu has great respect for Liu Yonghao because he was aphilanthropist. He started this Guangcai Program with 9 other entrepreneurs.This program was to help the poor in China. It had helped many people,especially in rural villages.
Of course, Liu Yonghao was also a member of the Chinese People’sPolitical Consultative Conference and National People’s Congress. The other 9entrepreneurs were also the same. Maybe he had different reasons for setting upthis Guangcai Program, but Feng Yu was willing to believe they sincerely wantto help the impoverished region and do some charity work.
Guangcai Program was set up to support the government’s Seven-YearProgram for Lifting 80 Million People Out of Poverty (1994-2000). The purposeof the Guangcai Program was to eradicate poverty. They were private enterprisesand invest in rural and impoverished regions.
In layman terms, this Guangcai Program was to askbusinessmen to invest in poor areas economically. This was not giving aids orwelfare to the people in the regions. All investments must have returned. Butthe returns might be minimal or will take a long time to see the profits.
Feng Yu was interested in Guangcai Program because the GuangcaiProgram also looks at education. This was in line with Feng Yu’s thinking. FengYu wants to join the Guangcai Program. He doesn’t mind setting up factories inthe western provinces as long as there were profits.
In the future, this Guangcai Program association will evenget an award from the United Nations.
Liu Yonghao was shocked to hear Feng Yu wants to join theGuangcai Program. Usually, businessmen view profits as their priority. But thisManager Feng was different.
“No problem. I will recommend you in the program. But do youknow that the returns from this program are not high and the duration is quitelong? Also, you have to donate a sum of money or supplies every year. Are yousure you want to join?” Liu Yonghao explained.
Liu Yonghao does not want Feng Yu to think that they wereworking with the government to make money from the western provinces and forgottheir purpose. Although all of them do not mind making profits, that’s not thepurpose of this program. The program was to help the poor and change theregion.
This program might take 3 to 5 years. It might even take upto 30 to 50 years. Feng Yu was still young. Does he have the patient?
“I remember there should be quite a several Tai Huabuildings in the Sichuan province. Have you seen it? My family and I donate alarge amount every year. But we only focus on education, unlike you all. Iheard you all also look into the sanitation and culture of those regions. Youall are much better than us.”
Zhang Ming added: “Manager Feng had donated more than 100million RMB these few years.” Zhang Ming had included the research funds FengYu gave to the universities. It’s definitely more than 100 million RMB.
Liu Yonghao’s jaws dropped. “How much? More than 100 millionRMB?!” Feng Yu was willing to donate so much money? What was his motive behindit?
Feng Yu was satisfied with Zhang Ming’s interruption, but heput on an unhappy face. “Zhang Ming, why did you mention that? What Mr. Liu andhis friends did is real charity work.”
“Manager Feng, why did you donate so much money?” LiuYonghao asked curiously. He does not believe that Feng Yu had donated so muchmoney without any motive. Feng Yu was a successful businessman, and nobusinessman will do anything for no returns.
“I want a good reputation and to make my parents happy. Iwant those children in the poor region to be able to go to school safely. Iwant those students that studied in Tai Hua school buildings to contribute toour nation in the future.” Feng Yu seriously replied.
“Manager Feng is really generous. I admire what you did.”Liu Yonghao said.
“That means Mr. Liu does not oppose me joining the GuangcaiProgram?”
“Of course, I will not oppose it. If anyone dares to oppose,I will surely fight him! We can discuss the details of you joining some otherday. We should have a good talk. I am glad to have met you today.” Liu Yonghaoexclaimed.
Liu Chuanzhi was puzzled when he saw both of them chattinghappily. But what were they talking about? Should they be discussing the jointventure of Minsheng Bank? I am still waiting for Lenovo to get the contract ofsetting up the computer system and software for the bank. You all can talkabout the Guangcai Program some other days.
“Old Liu, Manager Feng, the roast duck is cut. Let’s eat itwhile it’s warm. The taste will change if it is cold.” Liu Chuanzhi interruptedthem.
“Speaking of this Quanjude, I heard that someone invested init, and it expanded quite aggressively. But it seems to be doing great.” LiuYonghao said casually.
“Thank you for your compliments.”
Liu Yonghao was surprised. I am praising Quanjude, what hasit got to do with you?
Liu Chuanzhi added. “Manager Feng also have shares in QuanjudeGroup.”
Ah? How come this Manager Feng is involved in all sorts ofbusiness? You told me that he is in machinery and electronics businesses. Isthis roast duck a machine or an electronic device?
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