266 Future International (2/2)
”That’s right. But it was not the FBA. It was because of the mainland's General Staff Department.” Chen Wei grinned.
General Staff Department? Jiang Chen’s expression was rather odd.
”Could the General Staff Department extend its influence here?’ Jiang Chen asked.
”No, as long as you are not too overzealous. However, I was in Guangzhou at that time.” Chen Wei paused and looked at Jiang Chen. ”Speaking of this, you had some conflicts with the Wang family in Wanghai City?”
”It is not wrong to say that.” Jiang Chen shrugged.
When Chen Wei heard this, he nodded.
”It is fine to get into conflict with the Wang family as most of their influence remains in Wanghai City. But definitely don’t offend anyone above them, unless you plan to completely abandon your assets in Hua.” In the last sentence, Chen Wei’s tone began to sound melancholic.
Perhaps it was something he personally experienced, or experienced by his friends who didn't have the cleanest history.
To his words of advice, Jiang Chen only nodded and didn’t say anything else.
…
The two days of relaxing were over. Even Jiang Chen, who hasn't been involved with the company for awhile, began dealing with tasks related to the company.
Although with the help of Xia Shiyu, his workload was lighter. But there were quite a few things that he still must personally do.
First, Future International incorporated in New Zealand with Jiang Chen as the sole shareholder.
The advantage of an offshore company in New Zealand was that as long as the profit is not generated locally, the only fee that must be paid per year was the annual fee. It was legal to submit zero tax without the need for an audit, and the subsequent steps were much more manageable. The only downside being the registration fee was a bit higher compared to registering in Xiangjiang, but the annual fee was similar for both areas.
As the parent company, Future International quickly gained control of 99% of the shares of Future Technology. From now on, Future Technology became a subsidiary of Future International with CEO Xia Shiyu leading the company.
At the same time, with Xia Shiyu’s recommendation, Future Technology divided its market geographically to Greater Hua, Southeast Asia, Russia, European Union, Arabic, North UA and South UA. A subsidiary was formed in each of the geographical areas to operate in each business market.
Of course, this business transition created a massive workload that caused a shortage of talent at Future Technology.
Jiang Chen’s solution was simple, it was to buy with money.
High salary, great benefits, and hiring headhunters to search for talent all over the world and create a company of talent with money. With Future Technology’s low cost and high profits, the investment was negligible to the company.
To the technical talents, working at Future Technology was an attractive option to begin with. The talent acquisition was completed without much hindrance.
After this was completed, Future Technology’s Greater Hua headquarters was relocated to Xiangjiang under the direction of Xia Shiyu.
From this point on, Future Technology’s tax revenue of no less than two billion per year would say goodbye to Wanghai City’s local government.
Although Wang Dehai had personally called Jiang Chen to reservedly but sincerely express his apology in the hopes of him staying, Jiang Chen’s attitude didn’t change at all.
The proverb goes, you only realize what’s valuable when it's gone.
The moment that the Wang family no longer viewed Future Technology as a partner but rather a piece of juicy meat, he should have considered that this day would come.
Translator's Thoughts
_Min_ _Min_
3 today, 1/3