Chapter 384 Holding Company
The annual dividend of New Venture Electronics is not only a dividend feast within the group, but also a feast for the Hong Kong tax department.
In 86, Hong Kong's GDP was about 400 billion Hong Kong dollars, and its fiscal revenue was about 60 billion yuan. At least one-third of this revenue is contributed by the Department of New Entrepreneurship. Although the dividend tax rate is not high, there is also a 10% dividend tax.
For a dividend of HK$15 billion, the tax rate to be paid is as high as 1.5 billion. Among them, Lin Qi personally needs to pay 1.3 billion in taxes.
You must know that in the process of operating the company, the tax that should be paid has been paid. The net profit is already after-tax profit, but it is necessary to complete a tax payment procedure to distribute the tax profit to the shareholders. It has to be said that government is the best business model in the world.
Of course, Lin Qi's personality is not suitable for being an official, after all, being an official has high requirements for private morality and strong constraints, and at the same time, even the most powerful politician in the world, but his material enjoyment may not really be comparable to Lin Qi.
With more than 10 billion Hong Kong dollars in dividends and dividends, Lin Qi except for a small part of it is used to "improve life", most of the other funds are ready to invest in some projects that are not part of the new venture electronics group system.
Of course, Lin Qi currently has quite a lot of privately invested projects, but they are relatively scattered, and there is no direct affiliation between different projects, and they can work together, mainly because the boss behind those projects is Lin Qi.
Among these projects, there are many giants such as Felix Animation, New Venture Film and Television Group, and New Venture Publishing Group, which have a certain influence in the world. Of course, there are also companies like Lin Meng Technology and Fantasy World, which are not as famous as the previous companies, but they are also private investment companies by Lin Qi. Because there is no equity and affiliation between these companies and Xinchuang Electronics, they can only find Lin Qi, the boss, when they encounter things. Although Lin Qi may not need to be concerned about the day-to-day management of each company, just participating in the annual regular board meetings of these companies is enough to keep him busy.
"It's very simple, you register a holding company and manage the company in a unified manner. "Sooner or later, you'll have to do this, or you'll have to get bigger and bigger, and you won't remember how many companies and properties you have." And because you don't have time to pay attention to those companies, in the long run, the lack of management supervision will inevitably produce moths, and even the whole team will become moths, gnawing the wealth within the enterprise into residue. ”
Lin Qi happily hugged Meng Xin, kissed him, and said, "It's not my virtuous help, it's really not good without your help." ”
"you, I don't believe it, you can't think of it yourself. Now that you are aware of the problems, you must be ready to solve them. Meng Xin smiled, "Such fake intimacy, is there a ghost in your heart, afraid that I will investigate you?"
"What am I afraid of?" Although Lin Qi felt that his style was very positive, he also had a weak heart, although he didn't know how many little girls he had rejected to give him a hug, but ...... A few times, I really didn't catch it. At a certain company annual meeting, Zhang Ru helped him to the room, and after waking up, Lin Qi felt that something was wrong, and vaguely remembered what he seemed to have done at night. That's not to blame Lin Qi, he treated Zhang Ru as an assistant at work, but as a result, Zhang Ru wanted to sleep with him.
Afterwards, both of them tacitly agreed not to mention that night, but once there was one, there was a second time, or even more. Although Lin Qi has done a good job of secrecy, it is difficult to guarantee that Meng Xin will not know.
……
Accepting Meng Xin's suggestion, Lin Qi specially registered a "Xinqi Future Investment Holding (Group) Co., Ltd."
This holding company started relatively high at the beginning, with a registered capital of 10 billion Hong Kong dollars, and the 10 billion registered capital is paid-in, not the kind of inflated registered capital that is transferred and withdrawn after capital verification to create a false impression of wealth.
The registered address of Xinqi Future Company is the Central office building leased by Xinchuang Electronics Group. But it is only the registered address, and the actual office address is in the Shenzhen New Entrepreneurship Industrial Park.
At the beginning, part of the staff of Xinqi Future Company was seconded from Xinqi Electronics Group, but it took about half a year for Xinqi Future Company to straighten out the equity relationship with Linmeng Technology, Xinqi Film and Television Group, Felix Animation and Fantasy World Company, and will also select a part of the management from the holding subsidiaries to become a member of the management team of Xinqi Future Holding Company. In addition, the holding company needs to recruit more employees in investment, management, finance, law, etc.
The number of enterprises controlled by Xinqi Future Company in the future will be very large, but the size of the holding group itself will not exceed 200 employees. In the future, Lin Qi's investment outside the system of Xinchuang Electronics Group will be carried out in the name of Xinqi Future Holdings.
The reason why the new venture electronics group is not included in the holding scope of the new chess future company is mainly because the new venture electronics group is too big, if this giant is included, the physique of the other little brothers will be very incongruous.
In addition, New Venture Publishing Group, which is already a large listed company with a market value of up to HK$30 billion, cannot ignore more than 70,000 small and medium-sized shareholders in addition to listening to the words of major shareholders. Its management system and governance are relatively mature, and there is no need to introduce a new set of governance methods.
At the same time, Lin Qi also wants to give a little competitive pressure to the new venture electronics group, telling the team of the new venture electronics group that if they don't work hard, Lin Qi can start over and cultivate an existence that is no less than the new venture electronics group system outside the new venture electronics group system.
"Ladies and gentlemen, Xinqi Future Holding Company is a sole proprietorship holding company established in my private name, which does not operate any industry itself, and is only responsible for holding equity and exercising shareholder rights and interests in its subsidiaries on my behalf. Lin Qi convened a meeting of representatives of Lin Meng Technology, Fantasy World, Felix Animation, and New Venture Film and Television Group, "In the future, I will inject the equity of non-listed companies invested by myself into the name of Xinqi Future Holding Company." After the establishment of this holding company, it does not affect the independent operation of the major subsidiaries, and it has been managed in this way in the past, and it will continue to be in accordance with the usual practice in the future. However, the holding company is required to supervise the financial affairs of the subsidiary. At the same time, major subsidiaries need financial help, and can also apply for capital increase or borrowing money from the holding company. You know, now there is 10 billion Hong Kong dollars in cash lying on the account of the holding company, which is very rich. In the future, there will be more money, and this money will not only help the business development of the existing subsidiary, but also invest in more potential projects. The structure of the future holding company should be similar to Berkshire Hathaway, of course, because I have a different circle of competence from the famous stock god, and my interests and hobbies are also different, so the investment field will also be very different. However, generally speaking, you can rest assured that if the company we hold is doing very well and the management has a way to solve the problem, then the holding company may even ignore it for decades, and the management of the subsidiary and the management of the group will not have any contact with each other except for the equity relationship. Of course, the parent company will also help the subsidiary solve the problem within the scope of its ability. The establishment of this holding company is not because I can't trust the management of each company, but because I have limited personal energy, and I may invest in more new projects in the future, it is impossible to take care of it, so I need to set up such a holding company to help me deal with some things. ”