What's wrong with me being a rich man?

Chapter 75 Know the Law
On September 9, the three-day 25th China Internet Conference ended.

It is worth mentioning that Yu Xing also received a call from the organizing committee in the afternoon, saying that some media wanted to conduct further interviews with him.

This undoubtedly still comes from yesterday’s speech and communication with Ma Dian.

Yu Xing hesitated a little, but finally declined the interview. He hadn't received the money yet, so he decided not to bother with it now. He would still have the opportunity to deal with the media in the future.

However, although he did not have any new interviews, the content of his previous speeches was still circulated in a small circle. Just as Ma Dian's on-site approval and Liu Qiangdong's private agreement, this set of statements does seem very logical.

However, theory is just theory, and the twists and turns and traps in reality can easily discourage people's ambitions.

Yu Xing didn't think there was anything wrong with him talking about these things. If someone really did something based on this idea, he would be very happy and congratulate the successful person.

That same evening, Wei Jialan, vice president of Zhenai.com, called me and asked me to go through the follow-up procedures.

The actual process of Zhenai.com's acquisition of Guiai.com was not complicated. After all, Guiai.com had only been in operation for a short time, its business was very clear, all order contracts were retained, and taxes were paid in accordance with the law.

"Okay, I'll treat Mr. Wei to lunch tomorrow at noon. Will Mr. Li come?" Yu Xing asked.

"Mr. Li will take a flight back to Pengcheng tonight. He will have plenty of time later. You can treat him to a meal next time." There was a hint of tentativeness in Wei Jialan's words.

Yu Xing just smiled and then said, "See you tomorrow then."

"Mr. Yu, you have gained a lot this time. How do you plan to spend the money?" Wei Jialan was not in a hurry to end the call.

Yu Xing answered without hesitation: "I want to buy a new electric bike. The one I had in Shanghai was second-hand. The battery seemed to be not very good. I had to pedal back home several times."

Wei Jialan laughed and suggested, "Mr. Yu, don't buy it yet. The company will provide you with a car later."

Yu Xing frowned and said, he had already agreed that he would sell his art but not his body.

He immediately asked in surprise: "Really? And you're giving me a car? Uh...Okay, let's talk about it later."

Wait until you get the money.

After Wei Jialan ended the call, she felt that Yu Xing was still quite student-like.

Her perception of the founder of Guiai.com changed three times. The first time was when she communicated with him over the phone. She felt that he was very ambitious and dedicated. The second time was when her subordinates threw money on the table in front of her. She felt that she had overestimated him...

Now it seems that he should not be overestimated or underestimated. He is an outstanding talent who is good at thinking and capable of doing things. His student spirit and professionalism are not in conflict. Everyone has gone through this stage.

So, when Yu Xing offered a three-month condition, Wei Jialan's response to her boss Li Song's inquiry was "Bring him in first, and talk later."

First, don’t give your competitors a bargain, and second, everything can be negotiated.

Can't you use the prospect of the company going public and the warmth of your interactions to win his heart?

People are all made of flesh and blood, not cold stones that cannot be warmed up.

Wei Jialan is still very confident that the three-month deadline can be extended further.

Based on this situation, the communication between the two people at the meeting the next day was extremely smooth. Guiai.com needed to cooperate with Zhenai.com to conduct due diligence and provide relevant financial documents and contract agreements. There were no problems with relevant legal documents such as the acquisition agreement and equity transfer agreement.

Wei Jialan had already learned some information about Guiai.com. This meeting was mainly to help her implement the salary clauses into the contract. Yu Xing will be given the position of director when he joins Zhenai.com, with a basic salary of 1.5 plus bonuses, as well as benefits such as a car and housing allowance.

Yu Xing patiently waited for Wei Jialan to finish her introduction, and said with a smile: "Do you really need a car? Isn't this... too wasteful?"

"Zhenai.com treats talents like this. In your case, our bonus is usually the biggest part of the income." Wei Jialan said suggestively, "Besides, with our company's resources, the love contract business will surely be able to achieve good results soon."

Yu Xing nodded slightly, and then pondered, "Boss Wei, I have another question. How should we deal with the current employees and part-time employees of Guiai.com during the transition period?"

Wei Jialan said without hesitation: "Don't move, don't move anything. Since the development of Guiai.com is fine, why should we move anything?"

Yu Xing thought about it and decided that there was nothing wrong with him.

He looked at the vice president, with whom he had been in contact for a long time, and wanted to hear if she had any questions.

Wei Jialan stared at each other for a few seconds and said with a smile, "Boss Yu, let's do this today. We will go back to Shanghai this afternoon to start the formal process and try to work in Shenzhen together this week."

Yu Xing was stunned when he heard this: "Do we still need to go to Pengcheng? I thought I could just stay in Shencheng."

"Pengcheng is our headquarters, and you are our director. Only when you go there can you gain an in-depth understanding of the company and know our future." Wei Jialan's meaning was not too suggestive.

Yu Xing was a little embarrassed and had to express his feelings: "Boss Wei, I told Boss Li before that joining for three months is just a formality and I won't be doing any work."

Wei Jialan also pointed out: "Mr. Yu, you don't understand our Zhenai.com. Sometimes, if you are willing to learn more about it, your ideas will naturally change."

Yu Xing hesitated. Bai Xiaosheng needs a sacrifice. If I learn more about you, I might really understand you to death...

He hesitated and said, "In-depth understanding, is this a good idea?"

Wei Jialan said enthusiastically: "What's wrong with that? The working atmosphere at the headquarters is very good. Mr. Yu, you are actually just out of school, come and give it a try."

Seeing her insistence, Yu Xing could only say, "Okay, then I can go to Pengcheng for the next three months."

Wei Jialan stretched out her right hand with satisfaction. College students' hearts are easily warmed!
As Yu Xing was shaking hands, an idea occurred to him: a city like Pengcheng must be a key market for Focus Media's screen deployment, so he might as well go and count how many screens there were in the city.

Use the dumbest and most primitive method to measure the value of Focus Media piece by piece.

After Yu Xing finished his meeting with Wei Jialan, he prepared to take Zhong Zhiling and Song Yufeng back to Shanghai. At the same time, he informed everyone of the latest situation that Zhenai.com would need to go to the Pengcheng headquarters to perform their duties for three months.

Zhong Zhiling raised a small question about this situation on the phone: "Brother Xing, is it just a request from you?"

Yu Xing then realized, were they letting only him go?

Zhong Zhiling added: "Brother Xing, actually, I think it's okay for Xiaoying and I not to join Zhenai.com. Although we are shareholders, we should just sign a non-compete agreement. They just value you."

Yu Xing thought about it and felt that it made more sense. He praised: "Otherwise, how do you say that one person's plan is short, two people's plan is long."

Zhong Zhiling replied: "This is quite obvious. After all, my ability is only 8.6% of Xing's."

Yu Xing's thoughts over the past two days have been immersed in the successful sale of the company, the construction of the mountain, and the preparation of Bai Xiaosheng, and he really didn't think much about the handover.

These things will be further confirmed when we return to Shanghai. If this is true, Bai Xiaosheng will still implement it according to the original plan. Song Yufeng was the first to meet up with the boss, but he mentioned one thing hesitantly.

"Brother Xing, that, ahem, that..."

Yu Xing said directly: "If you have something to say, just say it. It's okay. Is it about the website?"

"No, it's just..." Song Yufeng hesitated and said in a low voice, "That Yin Baoyi, she..."

Yu Xing understood: "You mean the shares you promised to give her before, right? Don't worry, I won't deny it. When the money from Zhenai.com arrives, you can transfer 1.5% of the 3.9 to her."

This is an agreement that does not involve any equity in the company. Song Yufeng's ex-girlfriend Yin Baoyi still owns 1.5% of the shares.

Song Yufeng breathed a sigh of relief and said, "I just suddenly remembered this. After all, she still has a contract in her hand, and I'm afraid she will make a fuss and make things ugly."

"Don't worry, we are in compliance with all the regulations in the sale of Guiai.com this time." Yu Xing said seriously, "The agreement between me and her is also carried out in accordance with the contract."

He laughed again and said, "It's worth it to get Brother Feng for this little money."

Song Yufeng felt somewhat relieved when he heard such a hypocritical admission.

He followed for a while, then suddenly said with some concern: "Brother Xing, Yin Baoyi knows a little about our communication. What if she... refuses to give in? What should we do?"

Yu Xing understood what he meant and said without hesitation: "It's just about money. If she keeps asking for it, you can give it to her. You can give her more."

Song Yufeng was stunned: "Ah?"

Yu Xing explained: "Try to make the amount extremely huge."

When Song Yufeng heard this, he reacted and felt a chill in his heart: "Blackmail..."

"If she wants to use this to ask for money, isn't this typical blackmail?" Yu Xing said calmly, "I will act according to the contract, and the matter will be settled. If she doesn't act according to the contract, then I will follow the law."

Song Yufeng felt even colder in his heart. Compared with President Yu, why did he look like someone who had just graduated from school?

He forced a smile and said, "I'll take care of this. I'll take care of it."

Yu Xing nodded slightly and commented: "If it were a normal person, they would definitely think of shirking the 1.5%."

Song Yufeng thought to himself that most people wouldn't think of sending someone in...

No matter what, even though we broke up, I couldn't bear to see her end up like that.

"Let's go directly to the station. You call Zhiling and meet up there." Yu Xing made casual instructions after confirming that Hard Bone no longer had any questions about how to deal with it.

When the two of them arrived at the station and bought tickets, there was still some time before the train departed and Zhong Zhiling came over. Yu Xing saw a law firm nearby and thought he might as well have nothing to do, so he asked Song Yufeng to wait for the third in command here while he went to consult on something.

As Song Yufeng watched his boss walk towards the law firm, it was hard not to have wild thoughts. Could it be that Mr. Yu was going there to consult about how many years of sentence would be imposed for extortion involving a particularly large amount of money?
Yu Xing really didn't care about the money of the shadow shareholders. What he asked the lawyer about was the setup to prevent the company's equity penetration.

For example, for the mainland Guiai.com that is about to be sold, it is easy to find out that its parent company is Hong Kong Guiai.com, and Hong Kong regulations require that shareholder information must be disclosed. Therefore, Bai Xiaosheng has no problem, but he needs to set up more layers to overcome the difficulties.

According to Yu Xing's understanding, institutions like Guoshanfeng are nominally research companies, and they only publish research reports on a certain company. In fact, short-selling funds do not have to be related to Guoshanfeng and can go through various channels, regardless of whether it is US stocks or Hong Kong stocks. There are indeed many channels and it is relatively safe.

Similarly, what is important is not who is on the stage, but whether the content of the report it releases is true. As for the influence of the organization, if it can succeed many times, it will naturally affect more funds roaming in the capital market.

However, having said that, Yu Xing still prefers to be more cautious.

The lawyer took money to do the job and gave Yu Xing a suggestion that was beyond his imagination.

Yu Xing's consideration last night was to use companies in different regions to form a holding chain. For example, company A would be set up in the Cayman Islands, and then A would hold a controlling stake in company B in Luxembourg, and so on, by taking advantage of the different regions' requirements for company information to avoid equity penetration.

In addition to taxation, the high confidentiality of shareholder information in regions such as the Cayman Islands and Seychelles is believed to be an important reason for many companies to choose them.

The lawyer affirmed Yu Xing's thinking and provided another setting that he had never thought of.

“You can also use a trust structure to hold shares in a company, which increases the complexity of the holding chain.”

“For example, a trust is established in a certain jurisdiction and the trust is a shareholder of the Cayman Islands company. Legal tools such as shareholder agreements and trust documents can be used to further prevent information leakage.”

"Because it involves complex legal structures, many wealthy people set up family trusts to protect privacy."

The lawyer was enthusiastic: "If you are considering setting it up this way, it is best to consult a professional legal and tax advisor. The trust can also use a multi-level trust structure to continue to increase the difficulty of outside penetration."

He handed his business card to the young man in front of him, and could sense how serious he was, even though the young man started by bargaining for his consulting fee.

"Okay, I'll call you if I need anything."

Yu Xing politely said goodbye.

The lawyer reminded: "Then let's exchange contact information."

Yu Xing smiled, flicked the business card, and didn't leave his phone number.

After he left the law firm, he took two steps and threw the business card into the trash can.

Just know the idea and then find someone else to do it.

"Brother Xing, how is it?" Song Yufeng saw the boss's relaxed expression.

"It's very good, the lawyer is very professional and the money is well spent." Yu Xing approved of the consultation.

Zhong Zhiling, who had just arrived, asked, "I heard that the consultation fee is quite expensive. How much is it for one consultation?"

"This lawyer seems to be a bit famous, I don't know if it's true or not, there's some title on his business card, he wanted 500, I bargained it down to 200." Yu Xing said with a smile, "Not bad, we have to understand and abide by the law when we do things, and we have to comply with the laws and regulations of different regions."

Song Yufeng pursed his lips. Mr. Yu, who didn't understand the law, was so troublesome. If he continued to learn and understand the law, what would happen in the future?
Zhong Zhiling couldn't help but laugh and said, "Can this be bargained for?"

Yu Xing nodded and gave a reason: "I'm a college student."

The proud identity of a college student won’t last much longer, so use it again if you can.

(End of this chapter)