Chapter 255: Layout
Founded in 1997, Weimei Restaurant Group has developed from the first Hanwanggong barbecue to the present, with 10 high-end barbecue chain brands Hanwanggong and 15 mid-range barbecue chain brands in Seoul.
Overseas, there are also eight Hanwanggong barbecue stores in Huaxia, Japan and Southeast Asia, and it also operates a cheap barbecue brand, but Weimei Group is not responsible for specific operations, only for authorized operations, and has more than 30 franchise stores throughout South Korea.
In 2008, the boss of the Weimei Restaurant Group. Today, the share price of Mimi Restaurant Group is 1,240 won per share, with a market capitalization of more than 230 billion won.
Wang Xudong's father, Wang Baifang, is the main founder of the group, and after inheriting his father's legacy, Wang Xudong owns 32.5% of the shares of Weimei Group and is the largest shareholder. However, Wang Xudong sold 10% of the arbitrage, and now only owns 22.5%, worth about 52 billion won, and is still the largest shareholder.
Director Zheng told the group about the situation.
"Wang Xudong is the largest shareholder, according to his character, he should be asked to serve as the chairman (the chairman is also the chairman), why is he only a director?"
Director Zheng smiled disdainfully, "Unlike his father, Wang Xudong has no ability at all, and even bought his college diploma. Just ask me, how dare we make him the chairman, the board of directors has not considered this issue at all. โ
Li Mo nodded, it turned out that Wang Xudong was not popular in the group, which was a good thing.
The car was hit, and after Li Zhengyu's hard work, he finally found some clues. Wang Xudong happened to be partying with friends at the barbecue of the Han Wanggong that day, and after bribing one of the clerks, it was determined that Wang Xudong secretly explained some things to the manager of the barbecue restaurant, but the employee's position was too low and he didn't know what it was.
But it doesn't matter, I didn't let go of the mistake! Regardless of whether Wang Xudong did it or not, Li Mo is ready to kill this chicken to warn everyone that he, Li Mo, is not easy to mess with!
Seeing the murderous intent in Li Mo's eyes, Director Zheng's heart suddenly burst out, and he couldn't help but smile bitterly, I really don't know how Wang Xudong provoked this President Li, but this is his chance, because he also has a lot of hatred with Wang Xudong!
Director Zheng's eyes flickered, the dead friends are not dead and poor, for their own sake, Wang Xudong and Weimei Group are better to change owners.
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"What kind of meeting for no reason, a group of old immortals." Wang Xudong swore and stepped into the elevator, ready to attend the sudden board meeting.
Originally, as the largest shareholder of the group, he was the strongest contender for the chairmanship. But the other shareholders unexpectedly joined forces and deprived him of this right, causing Wang Xudong to ignore the fundamental reasons for the group's affairs, and a large part of the reason for selling shares was to raise funds for investment in real estate.
If it weren't for the group's relatively stable and generous annual dividends, maybe Wang Xudong would have sold all his shares.
"Today, I would like to introduce you to a new member of the Board of Directors, who will replace Director Xu as a new member of our team, and welcome Mr. Philip Locke."
President Choi Yong-taek introduced it to everyone in a serious manner.
Wang Xudong glanced at Philip coldly and smiled contemptuously, he hated men who were more handsome than him, especially if this was a foreigner.
"Thank you. I am honored to be part of the Amy Group, which in my opinion is one of the most promising companies in Korea, and I think it will be the smartest investment of my life. โ
There is no one who doesn't like to listen to good words, especially Philip came in as a foreign investor, and he spoke such a thing fluently in Korean, which really satisfied the hearts of many shareholders. And Philip's stake is only 8%, so there is nothing to be afraid of, so except for Wang Xudong, everyone showed kindness to him.
"What else? My time is precious, and I don't have time to talk to you here. Wang Xudong's words made the warm atmosphere in the conference room condense.
Cui Yongze's face turned dark, but there was no way to take Wang Xudong.
Director Zheng hurriedly came out to play a round, "Director Wang, don't be impatient, because the complaints about our group's stores have suddenly increased recently, so I asked people to summarize these complaints, please see, the situation is not very good." โ
The assistant on the side stepped forward to send the information to each shareholder.
"Most of them are complaints about the deterioration of food quality."
"The service attitude of the staff is also quite criticized."
"There is also a safe dining environment, and President Li Mo Li is still unrelenting in asking us for trouble, saying that he wants to get justice."
I thought it was Director Zheng who was alarmist, but after reading it, I found that there were many problems.
"It's all unreasonable complaints." Wang Xudong slammed the information on the table, "I often go to the Han Palace, why didn't I find so many problems?" โ
Cui Yongze said unhurriedly, "Groundless wind may not be without cause, I think we can pay attention to this issue." If it affects the performance, and finally affects the dividend at the end of the year or the stock price falls, it is not a good thing. โ
"The words of the elders!"
"It's to be cautious."
Philip smiled and said loudly, "Ladies and gentlemen, I have a suggestion. โ
Cui Yongze was stunned for a moment and said with a smile, "Please speak." โ
"When I arrived in Korea, I used to visit Carragher Restaurant. I think the food there is even more delicious than the main store in New York, and when I asked, it turned out that many of the ingredients were provided by local farms in Korea, and I have to say that Korea is really a good place with outstanding people. โ
This compliment made Cui Yongze and these old foxes smile.
"Koreans eat barbecue and like to eat it wrapped in lettuce leaves or other vegetables. I wonder if we can introduce vegetables from this farm, and maybe improve the reputation of the Han Palace? Of course, this is just my suggestion. โ
"Which farm exactly?"
"Daiei Farm and Longxiang Farm. Just now, one of the directors mentioned President Li Mo Li, who is the owner of the farm. โ
"No, our Weimei Group has always had fixed partners and suppliers, and it would be unruly to change them." As soon as Wang Xudong heard Li Mo's name, he didn't want to say no.
Philip was 'surprised' and asked, "Why?" If the two cooperate, not only will it be beneficial to us, but President Li may also give up on making trouble for us and kill two birds with one stone, which is a win-win situation. โ
"In short, it just doesn't work, without my permission, the group doesn't want to cooperate with Li Mo." Wang Xudong glared at Philip, and left the scene without saying a word, not taking anyone else in his eyes at all.
"This director Wang has a big temper!" Philip shrugged helplessly.
Cui Yongze clearly said 'I am very unhappy' on his face, and reluctantly squeezed out a smile and said to Philip, "I will consider Director Philip's suggestion carefully." โ
"I see."
Philip smiled indifferently, and then glanced at Director Zheng without a trace, and nodded in tacit understanding with each other, the first step was a success.