Rebirth 1983: Building My Business Empire
Chapter 256 - Chapter 256 Chapter 245 To Withdraw

Chapter 256: Chapter 245: To Withdraw Chapter 256: Chapter 245: To Withdraw Su Heyuan felt very helpless and said, “Miss Lu, you are the major shareholder of Qirui, while I am just the second-largest shareholder. It should naturally be you managing the company; I only took on this burden because you wanted to study.”

It was one thing when you were studying, but now that you’re on vacation and still have more than three months before returning to school, it’s natural that you should take on a share of the responsibilities. Departments like design and procurement-I was prepared to hand them over to Lu Jiaxin.”

Lu Jiaxin refused and said, “I will be returning to the Mainland in two days to deal with some matters and probably won’t be back until the end of June.”

“Then you can come to the company to help out after you finish dealing with your matters.”

Lu Jiaxin originally intended to discuss this after having supper, but seeing Su Heyuan eager to delegate the responsibility, she said, “Last month Qirui made a profit of over 4.8 million, and as you are only the second-largest shareholder, hasn’t your father said something about it?”

Although Su Heyuan felt the change in topic was rather abrupt, he still said, “Old Master Su doesn’t know, he thinks I solely own Qirui. But regardless of what he says, it’s your greatest contribution that the company’s profit is so high.”

He did not manage Qirui for free; he was paid a separate salary and bonuses. Even though Lu Jiaxin took the lion’s share, he was well aware that if he ran his own clothing factory, the monthly profits could not possibly be so high.

Lu Jiaxin did not take full credit, saying, “The orders for the three months following the fashion show were my contribution, but subsequently, it was you who expanded the sales channels and then positioned Qirui as a mid to low-end brand, which is why orders have been increasing.”

Speaking of the fashion show, Su Heyuan said, “Jiaxin, when can we hold another fashion show? You’ve already made a name for yourself, and more people would come to another show.”

Lu Jiaxin looked at him and said, “With Qirui positioned as a mid to low-end brand, what’s the need for a fashion show? Just follow the Europe and America trend.”

Mid to low-end products pursued a strategy of thin margins and high volume. Famous or ambitious clothing designers would not likely design for them–it would lower their prestige.”

Su Heyuan’s expression paused slightly. “Are you saying that you won’t design clothes for Qirui anymore?”

Lu Jiaxin merely hummed and said, “I’m not the kind of person who takes money without working for it. I can transfer my 60 percent stake to you at market value, and you can pay me over three months.”

Su Heyuan was truly shocked. “You want to give me all of your 60 percent stake? Miss Lu, our company now earns a profit of four to five million a month, and this might increase in the future–are you really willing to sell it all to me?”

Lu Jiaxin said, “Our philosophies differ. You want to make quick money, whereas I want to establish a mid to high-end clothing brand. Neither of us is wrong, so we must part ways, otherwise, we might not even be able to remain friends.”

Having been involved in the fashion industry for over a year, Su Heyuan had gained some understanding. “Jiaxin, you want to create a high-end clothing brand? That’s very difficult.”

Lu Jiaxin smiled and said, “Maybe it’s as difficult as you say, but how can I know it won’t succeed if I don’t try? Plus, I believe in myself.”

This was her own dream, and she was determined to fulfill it. As the economy developed and people grew wealthier, brand awareness would strengthen. So as long as the brand became well-established, there would be no concerns about sales or profit.

Su Heyuan recalled something she had said before and pondered for a moment before asking, “I will have an auditor value our company, and I’ll purchase your shares at the appraised market price.”

“Let the auditor in tomorrow.”

Su Heyuan saw how anxious she was and asked, “Are you short on money? If you’re short on money, I can lend you some first.”

Lu Jiaxin was somewhat surprised, “How much money do you have on hand?”

Su Heyuan replied, “I haven’t touched the dividends from the past three months. I was going to invest it with a friend, but the deal fell through because he suddenly ran into trouble, and I haven’t encountered any good projects recently. If you need money, I can lend it to you for the time being.”

Lu Jiaxin naturally wouldn’t take his money, “No need, you should keep that money for yourself. However, it’s a waste to let such a large sum of money sit idle in the bank. Why don’t you invest in some stocks? The stock market is doing well right now; investing in stocks is certainly better than putting it in the bank.”

Su Heyuan said, “The stock market is indeed doing well now, but there are also losses. Su Hexu lost thirty percent last month and more this month, and the money he put into the stock market is almost gone.”

Lu Jiaxin could not help but be overjoyed, “Then it can only be said that Su Hexu is simply unlucky. The stocks I bought have all gone up. The New World Development shares I told you to buy last year went up thirty percent by the time I sold them, and I’ve made a twenty to thirty percent profit on the others I’ve bought intermittently.”

Thinking that he had helped her a lot, Lu Jiaxin tried to persuade him, “With real estate warming up, if you have extra money, buy real estate stocks or else buy some property. In Hong Kong, the down payment for houses is just ten to twenty percent. You could buy about a dozen or twenty properties to hold onto, then sell them when prices rise. Those of us in business must understand the principle of goods moving like a wheel.”

The so-called principle of goods moving like a wheel refers to the rapid circulation of goods, moving quickly like the rotation of a wheel and bringing continual, stable profits through buying and selling.

Su Heyuan was more interested in stocks, “All the stocks you’ve bought have made money?”

Lu Jiaxin nodded, “I bought shares of companies with good reputations and solid capitals. The increases aren’t too big, but they’re all steadily rising. Stocks can be liquidated at any time, so if I need money, I just sell them off.”

Su Heyuan had actually bought stocks too, just not a lot, only a little over two million, “I want to expand the scale of the home appliances, but it requires a substantial investment, over ten million in funds. I’m planning to set up the headquarters in Hong Kong, so I can take out bank loans. But my dad doesn’t want to take the risk, he advises me to live within our means.”

Lu Jiaxin frowned and said, “Which of Hong Kong’s tycoons hasn’t borrowed money from banks? If your own funds are limited, only by borrowing from banks can your business grow.”

If she were to start a company in the future, she was also planning to take out bank loans. Of course, she would need to keep the company’s debt ratio within a reasonable range once it went public to prevent it from being targeted and attacked.

Having been in Hong Kong for so long, Su Heyuan knew that using the bank’s money to earn for oneself was the fastest way to accumulate wealth, “My dad has had a tough life over the years; he thinks being able to live without worries is enough, so he doesn’t want me to take risks.”

Lu Jiaxin could understand this, as the older generation always preferred stability. She said, “If you want to expand the business, you shouldn’t listen to your grandfather or your dad. Their experiences are rich, but the times are changing. You should find a manager and also take some time to further your education at a university; it will be immensely beneficial.”

She felt that as a boss, it was enough to focus on the main direction, such as the direction of development and making strategic decisions. Specific tasks should be delegated to the company’s senior management, otherwise, why spend so much money hiring them? Besides, it was not only exhausting to handle everything personally, but the company also wouldn’t grow.

Su Heyuan said, “I still have to listen to the Old Master for now, otherwise, he’ll cut off my funding. It would be a huge loss not to get my hands on such a large sum of money.”

He could earn money on his own, but the thought of Old Master Su going to Hong Kong, only taking his legitimate children, and abandoning him made him unbearably resentful.

Lu Jiaxin could see that he deeply resented Old Master Su and was thus trying by all means to siphon off his money. On one hand, it would serve as revenge; on the other hand, it could solve the factory’s funding shortage.

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