blenderwars Chapter 585 Rules For Family Venture Funds
Chapter 585 Rules For Family Venture Funds
(This chapter is too monotonous, skip it if you don’t want to read it, the next chapter will be the fierce battle in the Red Sea and Yeli Pharmaceutical’s great power to conquer the world)
This time the noise was longer.
The two cousins of the second uncle's family chatted endlessly with Ye Qiusheng and Li Zihan. The overall meaning was that they wanted to live in a villa, and they also asked whether they could build several villas in Shanghai, Guangdong, Guangzhou, Hangzhou, and Kunming. Proposal for a family estate.
Ye Qiusheng nodded with a smile.
This can be done, but it has to be done step by step.
The two cousins sat next to him and Li Zihan because they were familiar with each other before. The cousins Ye Zhaoxi and Ye Ruxi visited Fengjing two years ago and lived in Ye Qiusheng's rented house.
The floor covering in the small living room.
During those three or four days, the four of them got along very happily.
The two cousins have sunny, forthright and generous personalities, and Ye Qiusheng is also willing to get close to them.
To be honest, according to tradition, the immediate paternal relatives are the real family. Although Ye Qiusheng's concept is very light, it still exists. In his heart, he is closer to the two Uncle children with the same surname. The two cousins are similar to his own sister.
Of course, on the surface, it doesn't appear that they are close or distant.
Next, Father Ye took over the role of host. He was kind and easy-going, and even solicited the opinions of everyone present. Finally, a show of hands voted to pass the second plan, which was to build a family estate in Kyoto.
Everyone in the family is very happy.
Emotions are high.
Father Ye laughed and said that the plot of the manor had actually been selected long ago. It is located at the foot of the West Mountain and on the west side of the West Fifth Ring Road. It covers an area of 530,000 square meters and the land use fee is 24.2 billion.
He also said that in addition to building 29 villas on this land, a family activity center and a ancestral hall will be built in the center of the manor for everyone to use.
He also said with a smile that if everyone had just chosen the option of buying their own property, the land would be used for other purposes, and a clubhouse might be built.
This news shocked everyone again.
Some people are secretly afraid that if they choose to buy real estate by themselves, the loss will be huge. How much is the best 300-square-meter real estate in Damodu worth?
Seaview No. 1 and Tangchen Yipin are only 200,000 square meters, and Kyoto No. 1 Courtyard is also 180,000 square meters.
300 square meters, no more than 60 million in these two cities.
It's completely different.
According to their estimates, the land cost is more than 24 billion, plus buildings, roads and green landscapes, etc., there is no 26 billion that cannot be paid.
If the total price is spread evenly to the villas on the 29th floor, each will be close to 1 billion. Biqu library
With this kind of villa, what big flat floor is needed!
Moreover, only about 20,000 square meters of buildings were built on a land of 530,000 square meters. This volume ratio is so high that every villa is built in the garden.
how rich this is
Dare to do this?
They already know that Mr. Ye is rich, but no one knows how rich they are.
After Ye Puchu made a concluding speech, it was the turn of today's highlight.
That is, "Ye Zhao's Venture Fund Establishment Ceremony".
After a very solemn ceremony.
Zheng Shaofei, the fund manager hired by Ye's father, came to the big screen and explained the scale and attributes of the venture fund, as well as the subsequent operation mode and procedures. He spoke very professionally.
For example, the funds of the fund are completely invested by Ye Puchu's lineage and enjoy 100% ownership, including capital and investment equity. Only Ye Puchu's lineage has the right to decide on the modification of the fund system and stop operation. Return Ye Puchu's lineage.
And this ownership method was proposed by Zheng Shaofei.
The purpose is to prevent the ownership of the fund from being snatched by others after a few years. Although Ye Qiusheng disagrees, he still agrees.
Decades or even a hundred years later, this family may not be what it is now, and it may turn against each other. This regulation is also a guarantee for Ye Qiusheng's descendants, at least they don't need to be angry and angry about this matter.
If you don't want to play, you can stop playing. Everyone will go their separate ways and go their own way.
The venture fund has a council, which decides the use and investment direction of the fund.
Each family has one person as director, a total of seven directors. Ye's father, Ye Puchu, is the chairman of the fund. The chairman has a veto power and will always be succeeded by Ye Puchu's line.
General resolutions of the fund are approved by more than half of the board of directors, that is, at least four people.
The scale of the venture fund is 50 billion. Ye Puchu invested 25.8 billion in cash and 24.2 billion in the land discount of the Xishan family manor. The total investment is 50 billion. The construction of the manor will be paid by the venture fund.
The size of the fund was temporarily agreed upon by Ye Qiusheng and his parents before the family meeting.
He told his parents that just one hour ago, his new studio had its first operation after its establishment, and within four hours it raked in 5.8 billion US dollars in the foreign exchange market, totaling more than 37 billion yuan.
Ye Mu was reluctant to invest 50 billion at first.
Ye Qiusheng reassured his mother that the land is a fixed asset of the fund, and it will still belong to his family in the future. It is just for relatives to use. In fact, they only invested less than 70% of his studio's daily income.
Mother Ye endured the pain and agreed to the size of the fund.
Manager Zheng Shaofei opened a chart on the big screen, introducing the benefits of family members in the venture fund, the identification procedures for entrepreneurial projects, and the upper limit of investment.
He said: The definition of family members is: counting from Ye Puchu's generation, the direct descendants within five generations, and after five generations, the descendants of Ye Puchu's lineage redefine the family members.
Family members can withdraw 1 million yuan for living expenses from the family fund every year.
If the family fund
If there is a deficit or deficiency, it will be reduced proportionally.
The continuing education expenses of the second generation and the education expenses of the third generation will be borne by the family foundation, and will be reimbursed on an actual basis. The medical treatment for serious illnesses of family members will be arranged by the family foundation, and the general medical expenses will be reimbursed on an actual expense basis.
When minor family members lose their legal guardians, the fund will be responsible for the arrangement and support.
Anyone who is an adult family member can submit an entrepreneurial project to the venture fund. After deliberation by the expert committee, the council decides whether to invest or not and the amount of investment.
For projects invested by family venture funds, the proportion of equity held by the family venture fund shall not be less than 50%, and the specific proportion shall be determined according to the investment amount.
However, all second-generation adults have an opportunity to invest in 100% equity of less than 10 million yuan. Individuals are responsible for their success. There is only one opportunity, and the amount will not be deducted from the number of times.
All fund investment projects will receive all-round support from the fund and help from other family businesses.
Fund investment projects should be based on the principle of mutual help and common development, and competition and suppression of each other should not be allowed, otherwise they will lose the support of the fund and be punished in any form.
At the end of his explanation, Zheng Shaofei announced the list of Ye family's current companies.
1. Jingdu Xinrou Financial Consulting Company;
2. Kyoto Qu'anpa Financial Investment Company;
3. Jingdu Minmin Vegetable Basket Group Company (supermarket chain);
4. Kyoto World Yeri Senior General Hospital (under reconstruction);
5. Fengjing World Yeli Pharmaceutical Technology Company;
6. Fengjing Huachen New Energy Automobile Group Company;
7. Fengjing Manzek International Investment Company;
8. Moduyeri Group Company;
9. Yeli Microelectronics Technology Co., Ltd.;
10. Yeli New Energy Technology Co., Ltd.;
11. Modu Lanx International Hotel;
12. Modu Xinghe Entertainment Media Co., Ltd. (holding);
13. Hong Kong Island Roundabout Financial Consulting Company (joint venture);
14. Hong Kong Island Yip's Huangang International Trading Company;
15. Modu Weimei Cosmetics Company (joint venture);
16. Ye Ma's Blue Sky Education Charity Foundation (initiated by three parties).
Ye Qiusheng couldn't help but sigh when he saw the company name listed on the big screen.
Before he knew it, he already had so many companies. However, the Thai shipping company, travel company, and many companies secretly controlled by Qin Muyu have not been reflected in this form.
The reason why he agreed to publish this list of companies is firstly to prevent these sons and daughters from making trouble in their own companies in the future, and secondly to boost the confidence of family members. Don’t think that parents are talking nonsense. The total assets are in the hundreds of billions.
Will information be leaked?
In fact, it's nothing, many outsiders have this information, so it's no big deal to let my family know, it's just their bragging talk.