Chapter 427 The Development of the Xia Family
Speaking of which, let’s talk about the development of the Xia family in the past two years.
First of all, it is Zhuangyuan Building.
Needless to say, the Zhuangyuan Restaurant in Chunxian County is packed with guests every day, and the business is already the only one in Chunxian County Restaurant.
The renovation of the Zhuangyuan Building in Linshi has finally been completed, and the construction of the surrounding urban areas has also been completed. We just have to wait for a good day to open the Zhuangyuan Building in Linshi.
Secondly, it is Yimei clothing.
Yimei Clothing's factory in Chun County was newly built last year, and the number of workers increased to 1800. It can finally barely supply stores in Shanglin City and partners in surrounding counties.
After the start of the new year, another factory led by Xia Yutong is already under construction.
This factory, from land purchase to factory construction to equipment purchase, is estimated to require approximately three million dollars.
Although Chun County's Yimei Clothing has developed rapidly in the past two years, its foundation is too weak after all. The start-up capital at that time was only 20,000 yuan.
The money I earned in the past two years either bought land and built factories, or bought stores and trucks. I really didn’t have any extra money to open a new factory.
But opportunities really wait for no one. If you have to wait for the development of Yimei Clothing in Chun County and then expand, you will miss the best business opportunities.
So, during the Chinese New Year, Xia Yutong convened a meeting with all the shareholders of Yimei Apparel, with the purpose of raising funds to build a new factory.
Of course, the principle is voluntary.
Shareholders have reaped the benefits of the past two years. How can they not be willing to do so? However, Yimei Clothing is no longer what it used to be, and its specific output value has reached 200 million yuan.
To build a new factory, another 300 million yuan is needed.
Then, to ensure that the equity is not diluted, an additional capital injection of 3 yuan is required for every % of the shares.
The other small shareholders are okay. Although 3 is not a small amount, it is still enough for the family to scrape together.
But Master Zhang is in trouble here. Her personal shareholding is 15%. So, if she wants to ensure that her shareholding is not diluted, she needs to spend 450,000 at once!
Even though Master Zhang has opened a tailor shop for so many years and is richer than most women, the life before was so difficult. It was basically impossible to make a lot of money.
In the end, Master Zhang scraped together and came up with 200,000 yuan, but his equity was still diluted by 5%.
In fact, Master Zhang’s equity is not the most diluted.
The one who was most diluted was Xia’s mother.
Originally, Xia Yutong's intention was that Xia's mother would be the one to take out the additional funds, but how could Xia's mother be willing to agree? !
Her current situation was all brought about by her daughter little by little. She already felt that she owed her daughter.
Now, do we still need to use our daughter’s hard-earned money to replenish her personal shares?
Mother Xia would not agree even to death!
In the end, she couldn't resist, so Xia Yutong stopped worrying. They were a family anyway, and no matter who benefited, it was all good meat that rotted in the same pot.
In the end, Xia's mother took the salary, bonuses and dividends from the end of last year for the past two years, put together 100,000 yuan, and invested it.
Then, her shares were diluted a lot, from 50% before to 22% now.
In this way, Xia Yutong became the largest shareholder of Yimei Clothing, with his personal shareholding reaching 63%.
When Xia Yutong took out 2.55 million without blinking an eye, it really scared the whole family.
Especially Grandma Xia, her hands were shaking with fear.
But this is not the biggest shock, the bigger shock is yet to come.
Later, without blinking an eye, Xia Yutong invested a large amount of money in the newly registered real estate companies of the He family's uncle and Xia's father.
Grandma Xia felt that she no longer recognized her granddaughter.
Which family's child, under the age of sixteen, only pays millions at a time? !
Her heart was beating like "bang bang bang" when she thought about it.
Yes! Xia Yutong had just finished paying 2.55 million for Yimei Clothing and injected another 1 million into He Rong.
The business at the He Rong Food Factory is so good that even if all the machines in the He Family Factory are requisitioned, it will not be enough to sell in the Zhuangyuan Building.
He Rong watched the small coins flying in front of his eyes, but he couldn't put them into his pocket. He was so anxious...
When Xia Yutong saw this, without saying a word, he slapped the money on the table and asked He Rong to buy land to build a factory!
He Rong was almost crazy with joy! Once the new factory is built, it will belong to him and his niece. No matter how jealous the rest of the He family is, they won't have half a cent to do with it.
He Rong has indeed made a lot of money in the past year or so. He has distributed dividends to his father-in-law, mother-in-law, and niece, and after paying money to his family's public school, he still has more than 600,000 in funds.
This is a lot of money, after all, the labor salary these days is less than one thousand.
It can be said that it is not enough to open a large food factory.
Then, during the Chinese New Year, when he saw his little niece, he went up to ask for ideas.
Then... there was the incident of Xia Yutong spending 100 million.
To be more precise, 1.3 million.
Because Xia Yutong also invested the 300,000 yuan that He Ronggang gave her as a dividend.
In this way, Xia Yutong became the largest shareholder of "Meiman" Food Factory.
Grandpa Xia and Grandma Xia also wanted to help, but He Rong declined.
Firstly, there is enough capital, and secondly, the father-in-law and mother-in-law can hold technical shares. However, the taste of the food in the food factory still needs to be controlled by these two.
Xia Yutong doesn't need to worry about the follow-up matters of the food factory. There are still a lot of elders here, so she can just be the hands-off shopkeeper.
It is worth mentioning that in this new factory, with Xia Chunjiao's shares, she can finally straighten her back and live in the He family.
Even Grandma He, the mother-in-law, no longer dared to put her mother-in-law's record in front of her as she did before.
Finally, it’s Dad Xia’s place.
Dad Xia has undertaken many projects in the past two years, and his team has grown from a few dozen people to more than 200 people today.
It can be said that both in terms of staffing and building experience, it is already quite mature.
Seeing this, Xia Yutong knew that the time was ripe. Just before going to the Magic City, he handed Xia's father three million, together with the money that Xia's father had earned from the construction team in the past two years, the family's savings, and the temporary sponsorship funds from his grandparents, a total of Six million was used to register a real estate company.
As the place of registration, Xia Yutong chose Linshi.
After all, Chun County is too small and has few development opportunities.
Kang City has a lot of development opportunities, but the Xia family has no background, and they might be eaten alive as soon as they enter the market.
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