Car-hailing Driver: Rewards from Complaints-Chapter 312 - 176: A Second Shareholder Without Ambition Is Not a Good Shareholder_4
Male Passenger: "Not all companies’ procurement is that easy. The company must be of a certain scale, with a large enough procurement volume and enough suppliers. Moreover, there are tricks to it; a careless move might get you in trouble. So, even if you’re in procurement, I’m sure you won’t make much money."
Yang Chen: "Oh? Is there more to it?"
Male Passenger: "Of course! There’s a lot to it. Anyway, just focus on driving. There’s no hope of you getting into procurement in this lifetime."
Yang Chen: "Haha... Yeah, yeah. I just find it a bit boring, so I wanted to chat about something. I won’t talk, you guys carry on."
It was now certain that Manager Zhang was definitely taking kickbacks from suppliers.
Suppliers want to make money and give him kickbacks, which means there’s a lot of room to reduce the prices given by the suppliers, indicating that Baoqing Restaurant’s procurement prices are high, harming the company’s interest.
As the second largest shareholder of Baoqing Restaurant, Yang Chen must intervene since it’s jeopardizing his personal interests.
Soon, Yang Chen dropped the two people off at a real estate complex in University City and headed straight to Baoqing Restaurant.
Li Xiaofei had already ordered the dishes, and as soon as Yang Chen arrived, they were served.
"Hehe... I didn’t know what to order, so the waiter recommended grouper, lobsters, and stuff. I ordered them. Aren’t you feeling the pinch?" Li Xiaofei asked.
Yang Chen: "Good choice. I wanted to try the taste of the grouper and lobster here."
After saying that, Yang Chen picked up his chopsticks and started eating.
After taking three bites, Yang Chen frowned.
This taste was obviously wrong; it must be farmed fish.
Baoqing Restaurant doesn’t serve farmed grouper and lobsters, this is a big issue!
Yang Chen called the waiter in and asked, "Miss, are your grouper and lobsters all wild?"
Waiter: "Yes, sir. All seafood at Baoqing Restaurant is pure wild and pollution-free, you can eat without worry."
Yang Chen sighed in relief, nodded with a smile, and said: "Alright! I know now. Thank you. You can leave, I’ll call if needed."
The waiter nodded and turned to leave.
Li Xiaofei saw Yang Chen’s expression was off and asked: "Cousin, what’s wrong? Is there something wrong with these items?"
Yang Chen: "These aren’t wild at all."
Li Xiaofei slammed the table and stood up angrily, "I’m going to find them!"
Yang Chen grabbed her and said: "Don’t alert them prematurely, just eat. I’ll discuss with the other shareholders later and decide what to do."
Li Xiaofei nodded, suddenly realizing something, and asked in astonishment, "Cousin, what do you mean? Does Baoqing Restaurant also have your shares?"
Yang Chen nodded and replied with a smile: "Yes! I was bored and bought some shares, accidentally became the second largest shareholder."
Li Xiaofei: "..."
Accidentally becoming the second shareholder, to even say that?
"Cousin, you’re really impressive. You have shares in the Peninsula Hotel and Baoqing Restaurant, doesn’t this make you really wealthy?" Li Xiaofei asked.
Yang Chen: "A little bit. So, you must study hard, so when you graduate, you can help brother manage the company. If you’re not skilled, I won’t dare to let you manage the company."
Li Xiaofei: "Hehe... Please rest assured, Cousin boss, I’ll definitely study hard and make big cousin boss satisfied."
Hmm?
Why does that sound so awkward?
Now it’s pretty much confirmed that Li Baoqing’s brother-in-law, Zhang Jun, tampered with the procurement, not only taking kickbacks but also swapping wild grouper with farmed ones, passing off inferior goods as quality ones.
Farmed grouper is 30 per pound, whereas the cheapest wild goes for 80 per pound, the price difference is huge, no wonder this guy bought two houses so quickly.
Moreover, Yang Chen suspects that the grouper and lobsters at the restaurant opposite the hospital are diverted from Baoqing Restaurant, otherwise why would the waiter say it’s from the same supply channel?
The founder of Baoqing Restaurant is Li Baoqing, previously mentioned, his early success story wasn’t glorifying, one of those who cleaned up his act.
Currently, Li Baoqing holds 35% stake, his wife Zhang Juan holds 16%, totaling 51% as acting in concert, being the controlling shareholders of Baoqing Restaurant.
Yang Chen holds 32%, with the remaining 17% equity distributed among the other five investors.
If Li Baoqing and Zhang Juan handle things fairly, this matter can be easily resolved.
If they favor their own, Yang Chen won’t be polite.
As stated before, Yang Chen might not care about the daily management of his invested companies, but no one is allowed to infringe on his interests, whoever does, even if it’s a proposal from the State-owned Assets Supervision and Administration Commission, he would still vote against it.
Zhang Jun has bought two houses in less than a year, surely his partners also gained a lot, among this money, Yang Chen owns 32%!
Damn, can’t let them take advantage for nothing?
Investigate!
Must investigate thoroughly!
If Li Baoqing and Zhang Juan follow the rules, then follow the rules.
If they don’t follow the rules, force them to sell their shares and leave!
Baoqing Restaurant can bear the surname Li, or Yang!
...
After eating, Yang Chen took Li Xiaofei back to school.
Then he logged into his Bibi account and received an order back to the city.
Coincidentally, it was Zhang Jun and that female agent again.
Yang Chen: "Wow, you two, what a coincidence."
Zhang Jun: "It really is haha. Brother, you weren’t waiting for us, were you?"
Yang Chen: "Haha... My cousin is studying at Finance University, it’s the weekend, I came to take her out for a good meal. The school meals aren’t good, my aunt is afraid she’ll get skinny from hunger."
Zhang Jun: "Haha... I see. Anyway, we’re fated to meet."
Yang Chen: "Haha... Yes, fated."
Indeed fated, otherwise, my dividends wouldn’t have been nibbled by you, kid.
At this time, a call came in for Yang Chen from the fish seller.
Yang Chen was taken aback for a moment, then he answered on speakerphone.
Yang Chen: "Hello."
Fish Seller: "Boss, what do you say? Does your brother’s restaurant need grouper and lobster?"
Zhang Jun in the back row froze upon hearing the voice, wasn’t that his buddy Chen Chen?
The two brothers had a clear division of labor.
For example.
Now Zhang Jun, under the name of Baoqing Restaurant, procures 100 wild groupers, which upon reaching headquarters are distributed to various stores based on demand.
At this point, Chen Chen procures 50 farmed groupers, which are swapped for 50 wild ones.
Thus, each store gets some real and some fake groupers.
During store inspections, they deliberately select only the authentic wild groupers marked specially.
The swapped-out wild groupers are then distributed by Chen Chen to various city restaurants at about 100 yuan each.
Assuming wild groupers are procured at 100 yuan per pound, while farmed ones are 30 yuan, there’s a 70 yuan difference.
yuan per pound, what about 10,000 pounds?
For grouper alone, there’s such a huge price difference, let alone products like lobster?
Adding these differences up, it’s not surprising Zhang Jun bought two houses in a year.
Yang Chen: "Yes! We’re mainly worried your goods aren’t legit, causing us trouble would be bad."
Chen Chen: "Haha... Don’t worry! Our goods are legitimate, absolutely fine. How about you tell me where your brother’s restaurant is, I’ll come over tonight, we can talk in person."
Yang Chen: "Alright! Tonight at eleven, East Garden Restaurant on Binjiang Road. We’ll talk when we meet."
Yang Chen hung up the phone and said with a smile: "Sorry, guys, I didn’t know a call would come in. And it turned out quite important, so I took it."
Now it was Zhang Jun’s turn to test Yang Chen, as this was closely related to his safety concerns.
