Chapter 1 Months

It had already been several months since Su Yehao heard about the financing of Meidi Group, involving the mainland's home appliance manufacturing industry.

It took so long to reach an agreement, involving all sorts of troublesome matters behind the scenes.

Upon closer inspection, it mainly included three aspects.

First, the issue of employee placement.

Second, the division of management rights after financing.

Third, internal resistance within the group.

The first and second were easy to solve. The former was settled with money, and the latter followed the rules of the market economy, with the person holding more power making the decisions. The shareholders resolved it through negotiation.

Since the problem was already quite serious, the higher-ups chose to help Sihai International, introducing a more advanced management and development model. As long as the company was run earnestly, the combined power of both sides in the future would basically not lead to major problems.

After all, Su's father also had confidence. He could still organize dinner parties every day when he went north, and he wasn't someone to be trifled with.

As for the internal troubles of the group, they were mainly due to the relatively chaotic management.

Moreover, who gets the meat and who gets the soup involved everyone's nerves.

Doing real business was much more difficult than playing with investments. Sihai International was like a dark horse that suddenly emerged, holding 43% of the shares, completely disrupting the original situation. Readjustment would definitely take some time.

Su Yehao's plan was to stabilize the situation in three months and strive to achieve a breakthrough in performance in the second half of the year, thoroughly straighten out the company, and get it back on track.

Compared to Pengcheng, where new buildings were springing up everywhere, the urban area of Fochuan seemed a bit old.

Instead of rushing to check into a hotel, he first picked up Nong Qingying and took a car directly to Meidi Group.

Su Yehao was originally a little worried about letting her meet his father, but after thinking about it, they would have to meet sooner or later anyway. Deliberately avoiding it would inevitably make Nong Qingying think too much.

He might as well take advantage of the fact that no one else was around and let them meet in advance.

In this matter, besides his grandfather, Su Yehao believed that his father could understand him, at worst he would just be lectured a few times...

The driver didn't know the way.

He rolled down the car window, offered a cigarette to a passerby, asked for directions in Cantonese, and quickly found Meidi headquarters.

After parking the car in front of the building, Su Yehao called his father. A few minutes later, a middle-aged woman led them in and climbed the stairs to a conference room.

A total of twenty or thirty employees were scattered around their temporary desks, seemingly busy with something.

And Su's father was currently standing by the window on the phone. When he saw the beautiful girl next to his son, his wrist trembled, and he almost dropped his phone.

He had seen Nong Qingying once last year at the Sihai International Golf Club, which later caused Su's father deep embarrassment.

The impression was too deep, and he couldn't forget it even if he wanted to.

So when Su Yehao helped introduce Nong Qingying, his father just "hmm"-ed, pretending to be seeing her for the first time, and said nothing.

At this moment.

Su's father changed the subject and asked, "Why are you here? Shouldn't you be in school?"

"Examining my own business, and also coming to take a look. This building is a bit old. Remember to buy land and build some high-rise buildings when the price is low in the future."

"Nonsense, the company is short of money now. Did I raise two billion to build buildings?"

Su's father directly ignored the words "in the future" and continued, "It's good that you're here. I have a dinner tonight, so you can drink for me. These people here drink too much, and my stomach still hurts."

Su Yehao's mouth twitched.

Su Yehao sighed, "You really are my own father. I came all this way, and you actually want me to drink for you."

"Young people recover quickly. Even if I stopped you before, you still ran to bars every other day, didn't you? Since you like to drink, you might as well use your skills where they should be used."

After listening to his father, Su Yehao asked, "Is the contract signed? What are you busy with now?"

"There are a lot of things. I talked to the management one by one yesterday, and I will rearrange the work next. Most of these are people from McKinsey Consulting Company. The work is all handed over to them, costing me twenty million Hong Kong dollars. The departments will be reorganized and a new framework will be sorted out. The management will also be changed to a professional manager system. If we don't change the blood now, it will be difficult in a while. I guess I've been cursed a lot behind my back recently."

Su's father had been doing business for so many years and had plenty of experience.

Many preparations had already begun before signing the contract. He had sorted out solutions to the problems found during the investigation one by one, and now everything was proceeding in an orderly manner. /

The reason why McKinsey Consulting Company was famous and Su's father was willing to pay 20 million Hong Kong dollars to hire them was that this company was very good at "reviving" enterprises, and had great advantages in mergers and acquisitions, organizational structure, marketing and manufacturing, and corporate finance.

With a financing of two billion, spending an extra twenty million Hong Kong dollars was nothing.

Su Yehao also thought it was quite worthwhile.

A person's reputation is like the shadow of a tree. He used to see McKinsey releasing such-and-such report in the news, and even people outside the circle have heard of it, which is enough to show its status.

In fact, assisting an enterprise of Meidi Group's scale to reorganize is both troublesome and time-consuming. The elite team, consisting of more than forty people drawn from Hong Kong, Singapore, and Japan, had been busy for nearly four months and had not yet completed it.

If McKinsey hadn't hoped to use it as a case to expand its influence in the mainland, the fee would have been even higher. It was now a discount.

Asking a professional team to help sort out the organizational structure was obviously much easier than Su Yehao's usual blind groping. Before, his father hadn't mentioned the decision to cooperate with McKinsey Consulting Company, and he was worried about maladaptation after financing.

Now it seems that the older generation is wiser. He directly threw the work that was easy to offend people to the McKinsey team, which was undoubtedly much easier than doing it himself.

Other than the high cost, there was nothing wrong with it.

At this time, Su Yehao said to his father, "When you're looking for professional managers, arrange a leisurely position for me too?"

"You? What do you want to do? With your fancy moves, I'm afraid you'll be screwed to death." Su's father said casually while smoking a cigar.

Shaking his head, Su Yehao said, "Also, set up a new department. I'll find the people myself, seven or eight should be enough. Give me some idle funds to manage and invest in other projects externally. Give me 100 million to try first. If I don't make money, I'll pay you back out of my own pocket."

Su's father looked helpless and laughed, "Don't you have enough money to mess around with? Why are you eyeing this company?"

"I have an idea. I definitely won't harm the family, but if I exceed the expected target, it's best to allocate a sum of money from the profits every quarter for me to manage. The money earned belongs to the company, I work for nothing, and I don't even charge a handling fee."

Su Yehao had planned to use the company's idle funds before the Spring Festival, looking for opportunities to overtake on a curve.

To achieve this, getting his father's support was key.

After hesitating for a moment, Su's father said, "We just arrived, and short-term performance is very important. It will be difficult for me if you lose money."

"That's why I said I can pay out of my own pocket to cover it, even if we sign a contract. Is it so difficult to trust me once? If you had listened to me and bought Yahoo stock back then, Sihai International's total assets would have exceeded 10 billion long ago."

Su Yehao was full of resentment. His father's temper was too stubborn. He had put a lot of thought into helping the family make long-term plans.

Seeing that his son had said so.

Su's father felt that it was okay to give him some opportunities to exercise, and readily agreed.

He immediately found someone from McKinsey to discuss adjusting the original plan and adding an independent investment department.