Chapter 202: Mergers and Acquisitions Baby Smile

'I declare the signing ceremony between Linyang Baobao Congee Company, Hangzhou City Baby Smile Company and Gangcheng Siming Investment Company to officially begin now. Representatives of the three companies are asked to carefully read the agreement, sign and seal where indicated, and exchange the agreement.'

With the host's shout full of energy, the signing ceremony in the banquet hall of the West Lake Hotel was suddenly pushed to the climax. Numerous reporters surrounded the conference table, taking pictures with their cameras in their hands. The flashes of the flashlights sounded in unison, and on the conference table, Zhou Ming, Li Qingyuan and Dai Tingwei, representing their respective companies, signed and sealed their respective agreements in front of all the media.

Today is a week since they last visited the West Lake Hotel. With Ye Jianlin's arrest and Wu Zheng being a nice guy with little autonomy, Li Qingyuan, as the chairman, has full control of the company.

The first thing Li Qingyuan did after taking control of the company was to promote the merger with Lin Yang Ba Bao Zhou. Li Qingyuan did this to transform the company from health products to the beverage and food industries, and it was also the result of his personal admiration for Zhou Ming.

Without Ye Jianlin's obstruction, things went very smoothly. In less than three days, the negotiations for this multimillion-dollar business merger were completed. Of course, it is worth mentioning that Siming Investment Company, which had initially agreed to participate in the joint venture, did invest. However, unlike the original joint venture between Ye Jianlin and Solny, this time Siming only purchased 30% of the shares of the new Baby Smile Company, which was far from the acquisition.

Since the chairman of Siming Company is Lin Muqing, if this 30% stake is added, Zhou Ming's total control of New Doll Smile will reach a terrifying 81%.

This distribution of shares is actually quite unreasonable, but thanks to Siming Company's appearance as a buffer, nominally Zhou Ming only controls 51% of the shares, which is very much in line with the normal rules of the business world. None of the old shareholders of Doll Smile have raised any objections.

The agreement had been negotiated beforehand, and basically this so-called merger and acquisition was to bring the Doll Laugh company completely under the control of Zhou Ming, so there was no need to read the agreement on site. The signing ceremony was quickly completed. As the three of them signed the agreement and exchanged it, all the reporters crowded even closer. This time, they not only took pictures desperately, but also seized the opportunity to ask them questions.

'Mr Zhou Ming, we all know that you started out in real estate and have also dabbled in stocks and congee. These industries are now developing very well, and now you have acquired the company Baby Smile. Are you bullish on the future development of the health products industry? Are you going to enter the health products industry? After you acquired Baby Smile and became its largest shareholder, what will you do with the original chairman of Baby Smile, Li Qingyuan?'

'Mr Li Qingyuan, I know that you have always wanted to change the business direction of Doll Smile and go into the beverage and food industries. Is this joint venture with Lin Yang Ba Bao Zhou Company the beginning of that change?'

'Hello Mr Dai Tingwei, Si Ming Investment Company is a well-known financial company in Gangcheng. What considerations led to this move to participate in the merger of a food company and a health product company?'

'Mr Zhou Ming...'

In response to the questions from the reporters around them, Zhou Ming raised his hand to indicate silence before saying, 'In fact, our cooperation between Lin Yang Ba Bao Zhi and Baby Smile has a long history. Mr Li Qingyuan and I have also discussed it many times, and we are very confident about the future development of the domestic beverage and food industries. This merger and acquisition was also something we had planned for a long time.'

'Mr Li Qingyuan is an excellent company leader. From the brink of bankruptcy to the current monthly sales of one million, Mr Li Qingyuan has made an indelible contribution. Therefore, in the future new Baby Smile company, Mr Li Qingyuan will also hold an important position.'

Afterwards, Li Qingyuan Zhou Ming also talked about Si Ming Investment Company: 'Mr. Dai Tingwei is a very discerning investor. He has led many very successful business investments while in Gangcheng. This time, he will choose the new Baby Smile Company and choose to invest at this time. I believe he also has a good eye for the future domestic beverage and food markets and is very confident about them.'

Zhou Ming said, pointing at himself, 'And as for me, I am also very happy to be able to cooperate with a major company from Gangcheng. This will allow me to learn a lot of Gangcheng's advanced experience, which will be more conducive to the company's future operations and development. Thank you all.'

After saying this, without waiting for the reporters' response, Zhou Ming, Li Qingyuan and Dai Tingwei were led away from the scene by the staff, pushing their way through the reporters.

Zhou Ming's actions stunned all the reporters. Even after they left the venue, Li Qingyuan was a little worried and said, 'Boss Zhou, isn't it bad that we just left and left those reporter comrades behind?'

It was only after Li Qingyuan said this that Zhou Ming remembered that this was not twenty years in the future, and that at this time, reporters were the real uncrowned kings. In particular, reporters from provincial newspapers and television stations were received by local governments, and many people held a very reverent attitude towards the media and reporters, and they were not the kind of common cabbage that the latter were.

Even in later generations, if you leave journalists hanging like that, you never know what kind of news they might write when they get angry. Not to mention the present. Without the internet, if you offend the media, once they target you, you'll get no exposure at all.

If someone else would panic, Zhou Ming just waved his hand uselessly: 'It's okay, I still believe in the professional ethics of the comrades-journalists. And with the future development of our company, we will have a lot of time to deal with the media friends. Qingyuan, you also need to get used to dealing with these reporters. We can say what we want to say, and we can let them speculate on what we can keep. When it's time to go, there's no need for us to waste words.'

Hearing these words from Zhou Ming made Li Qingyuan feel awe-struck, because he was the kind of person who felt that journalists were very impressive. He had always dealt with journalists in a nice and polite manner, and had never imagined being able to be as arrogant as Zhou Ming.

The young man who is the boss of a big company and has the ability is really different. He can actually play with the journalists like this, without any hesitation.

Li Qingyuan thought to himself, his admiration for Zhou Ming grew even higher. At the same time, he secretly decided in his heart that he must also do as Zhou Ming did in the future, and take an absolute dominant position in dealings with the media reporters, because that is what a man should do.

At this time, Zhou Ming could not have imagined that his careless remark would have such a great impact on Li Qingyuan, so much so that it would change some of his beliefs and cultivate a tough corporate person who reporters both love and hate.

'Mr. Zhou Ming, I am very happy to be involved in this merger and acquisition, and I sincerely hope that the new Baby Smile company will grow and develop. However, there are still many things to deal with at my company, so I will go back first,'

Dai Tingwei said to Zhou Ming, just as he did the last time when they left the West Lake Hotel, that he didn't want to get close to Zhou Ming. He had to leave after finishing his business. Zhou Ming said a few polite words to him before letting him go. However, Zhou Ming paid a little more attention to this arrogant person from Hong Kong. Although he had a good eye for investment, his personality would sooner or later cause problems, and Muqing would have to be prepared.

After seeing off Dai Tingwei, Zhou Ming turned back and came to the tea room of the hotel with Li Qingyuan to drink tea. They went to a private room and sat down. After the waiter served the tea set and tea leaves, he withdrew and Su Han took over to make tea for them.

'Qingyuan, although the merger and acquisition has been completed and the company is using the brand of Baby Smile, since the majority of the shares still belong to Linyang Baobao Congee Company and the organisation and staffing are also from Baobao Congee Company, just as I told you at the beginning, you cannot become the leader of the company as soon as you join. You must prove with your performance that you can become the leader,' Zhou Ming said to Li Qingyuan.

Li Qingyuan nodded and said, 'Mr. Zhou, this doesn't matter. This was our original decision, and in terms of relationships, it was also Mr. Zhou who helped our company, Baby Smile, complete the transition from oral liquid to food. I really need time to adjust and prove myself. But please rest assured, Mr. Zhou, as long as you give me a chance, I will definitely be able to show you the best results!'

'I have no doubt about that,' Zhou Ming said with a smile. 'Qingyuan, I will give you a position as marketing manager at the new Baby Smile company, where you will be solely responsible for the future marketing of the Baby Smile eight-treasure porridge brand.'

Facing Zhou Ming's arrangement, Li Qingyuan's expression became serious. This was not because he found anything wrong with the position Zhou Ming had given him, but because he understood the painstaking efforts Zhou Ming had put into this arrangement.

The concept of marketing manager had actually been mentioned by Zhou Ming before. Although this position belonged to the marketing department, it was a separate and independent position. This was because other salespeople in the sales department had their own respective areas, but the marketing manager did not have this concept of an area, which meant that he could be responsible for the entire Hangzhou city.

One person is responsible for the entire Hangzhou City, which sounds impressive, but in fact it is a huge pressure. The reason is simple: he will undoubtedly steal the performance of other salesmen and will be naturally excluded internally. However, at the same time, it is full of great opportunities, because the entire city is under his responsibility, so the room for manoeuvre becomes very large, and it is easy to get big orders.

Li Qingyuan knows that Zhou Ming has arranged this in consideration of his particularity, and has given him a great opportunity to prove himself.

Thinking about this, Li Qingyuan said to Zhou Ming, 'Thank you very much, Boss Zhou, for taking care of me. I will definitely do my best and won't let you down!'

Zhou Ming, however, said, 'Qingyuan, don't say that again. I'd rather see your report card than your empty promises. And I have to say this upfront: although you were the chairman of the past Dollface company, the Dollface company now is a new company after the merger. If you can't do your job, I won't hold back, although your share dividends will still be retained.'

Li Qingyuan immediately said, 'Mr. Zhou, if I cannot deliver satisfactory results, I will take the initiative to resign from my position and return all my share dividends to the company!'

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