Chapter 92.2: A New Problem Arrives
In the days that followed, Chu
Qianmiao studied even harder for the insurance agent exam. She felt like a
student struggling to retake a failing exam, the pressure was immense.
But pressure can also be
motivation, and motivation is always a positive thing that spurs progress.
She worked on projects during the
day, often working overtime at night, and then diligently studying. Her sleep
schedule was becoming increasingly compressed.
Except for occasional trips back to
Beijing to address follow-up issues on another project, Ren Yan spent almost
all his time working on the Liya project.
Chu Qianmiao had a vague feeling
that her work had become a little easier recently. Later, she gradually
realized that Ren Yan seemed to be shirking many of the difficult tasks for her
and Liu Lifeng, allowing them to focus more on their study.
She didn't know exactly when this
started, but her and Liu Lifeng's study schedules had gradually reversed.
Previously, she had mostly been the one asking Liu Lifeng questions, but now
the situation had reversed, with Liu Lifeng asking her questions.
She also wondered if Liu Lifeng was
deliberately creating opportunities for contact with her. So she asked Qin
Qianyu the question Liu Lifeng had asked. Qin Qianyu grunted for a moment, then
pushed it back, saying, "I can't solve this problem. Why don't you ask Mr.
Ren?"
Chu Qianmiao felt relieved. She
knew the answer.
She was confident that Liu Lifeng
wasn't deliberately creating an opportunity to get close to her; he genuinely
didn't know the answer.
She was confident she would pass
the September exam. It turns out that small daily improvements, though
insignificant, add up to a qualitative change. Unconsciously, she seemed to
have become quite accomplished.
She didn't dare become complacent;
she had to continue to work hard with unwavering determination.
She didn't have time to gloat,
either, because problems arose again with Li Ya's project.
In late June, accountant Tang Jie
came to see Ren Yan. When he entered the room, his face completely speechless,
he said to Ren Yan, "Mr. Ren, here's what's happening. At the end of last
month, Liya's subsidiary borrowed five million yuan from Liya. Once the money
was in the subsidiary's account, guess what? Qian Siji directly took the five
million yuan from the subsidiary and took it away. My colleagues and I asked
what Qian Siji did with the five million yuan, and he confidently gave several
reasons, none of which had anything to do with the company's operations. One of
them was buying a bag for his wife."
Chu Qianmiao, Qin Qianyu, and the
others were all stunned.
This company's internal control
system is practically useless.
During the restructuring, she
discovered that Qian Siji firmly believed he had absolute control over every
penny of the company's funds. So whenever he needed funds, he'd find a pretext
to have the finance department transfer them to him. After much effort, the
intermediaries finally educated him on the fact that the use of company funds
must be determined by all shareholders, not just the majority shareholder and
actual controller. Therefore, Qian Siji could no longer borrow funds from the
company at will. This constituted misappropriation of company funds by the
majority shareholder, and if not properly explained, it would pose a hurdle to
the company's IPO.
Qian Siji immediately said,
"Okay, I understand," and promised not to misappropriate company
funds in the future. But who could have imagined that he'd act so cleverly,
thinking he could circumvent the issue of the majority shareholder misappropriating
company funds by transferring the funds to a subsidiary first, which would then
transfer them to him?
Chu Qianmiao felt deeply that the
biggest idiot on this project was Qian Siji himself.
After hearing Tang Jie's question,
Ren Yan frowned and asked, "What exactly does Liya's Articles of
Association stipulate regarding loans to related parties?"
Qin Qianyu immediately retrieved
the electronic copy of the articles of association from his computer.
Meanwhile, Chu Qianmiao blurted
out, "Liya's Articles of Association stipulate that any related-party loan
between the company and related parties exceeding three million and less than
twenty million, and representing at least twice the absolute value of the
company's most recent audited net assets, must be approved by the board of
directors." She paused, then added, "Therefore, the five million yuan
loan requires a board resolution, and the funds must be used for operations
related to the company. Furthermore, Qian Siji must repay the money as soon as
possible."
Ren Yan looked up at her and
nodded.
It was a silent nod of approval.
Tang Jie also turned to Chu
Qianmiao and said, "Qianmiao is now handling practical issues very
effectively."
Ren Yan, along with Chu Qianmiao,
Qin Qianyu, Tang Jie, and their lawyer, went to Qian Siji to discuss this
issue.
This issue could very well pose a
substantial obstacle to a listing, and it should not be underestimated.
But Qian Siji once again
demonstrated the contradiction between his desire to go public and his complete
ignorance of listing regulations.
He acted completely unconcerned
about the issue. He smiled and had a good attitude, but said in a bad tone,
"After all, I am the boss of Liya. I use some of the company's money for
turnover. What's the problem with that? You told me before not to transfer it
directly from the company, because it would cause capital occupation. I
listened to you. I deliberately passed it through a subsidiary. Is that not
okay? I don't believe that the CSRC will really be so lenient. Besides, the
money is not much, and the company's listing application is not a big deal.
He already did it a while
ago."
Chu Qianmiao let out a small,
inward sigh upon hearing this. So you think we wrote these regulations behind
the back of the CSRC?
She felt it was truly awful to
allow someone like this to go public and raise money, yet be unwilling to abide
by listing regulations.
She heard Qian Siji still
grumbling, "What's the point of having a board meeting? Forget it! Ever
since Yingji Capital invested in me, they've had someone on the board. There's
so much going on, so every meeting is so annoying. Can't we just skip it? We'll
all save time. That would be so much better." Ren Yan's attitude was also
positive, but his stance was resolute. He stated that the regulations were all
set by the CSRC, and the board meeting was mandatory. Otherwise, Li Ya would
fail to pass the meeting and be unable to go public.
He asked Chu Qianmiao to explain
the listing regulations related to the issue to Qian Siji.
Chu Qianmiao was unequivocal,
immediately and neatly picking out the relevant regulations one by one and
laying them out in front of Qian Siji. After that, she said to Ke Mingjun, Qian
Siji's assistant, "Assistant Ke, please check the relevant regulations on
the regulatory agency's website as I just said."
Don't think we made all this up
ourselves; we don't have that kind of ability.
"Yes, check them one by
one," Qian Siji agreed.
Ke Mingjun had a constipated look
on his face. After a moment's pause, he finally said to Chu Qianmiao,
"After the meeting, Manager Chu, please go through all the regulations
again from the beginning." "
Qian Siji raised an eyebrow and
turned to look at him. "You haven't memorized a single regulation? We've
been preparing for the IPO for so long, and you haven't memorized a single
one?"
Chu Qianmiao felt incredibly
refreshed at that moment.
Chu Qianmiao turned to glance at
Ren Yan, who happened to be looking back at her. The corner of his mouth curled
up subtly.
She thought she had inadvertently
slapped Ke Mingjun's ignorance in the face, and it seemed he was secretly
pleased too.
Qian Siji reluctantly agreed to
hold a supplementary board meeting.
On the day of the board meeting,
the Eagle Capital representatives included not only the director listed on the
official documents but also Tan Shen.
When Tan Shen entered the meeting,
his first glance fell on Chu Qianmiao's face. He stared at her intently for a
long moment, then smiled.
Chu Qianmiao looked at that smile,
and for some reason, a slight pang of bitterness welled up in her heart.
His smile was filled with restraint
and flattery, hoping to elicit a smile in return. He had always been
high-spirited and decisive, never resorting to deliberate flattery. When had he
ever lowered himself like this?
So, why did he need to do this?
Chu Qianmiao politely returned the
favor with a formal smile. With just this, Tan Shen immediately let her know he
was content.
Then he took his seat.
Qian Siji sat at the head of the
long conference table, with Ren Yan to his right and Tan Shen to his left. The
registered director of Eagle Capital sat below Tan Shen. As Tan Shen sat down,
Chu Qianmiao saw his and Ren Yan's eyes locked.
He stared at him, and he stared
back, neither willing to yield. If it weren't for the invisible sparks
flickering in their gazes, Chu Qianmiao would have almost thought they were in
love.
She vaguely seemed to understand
why they were like this. Every woman has a sixth sense.
But she also felt they were both
sick. She wasn't one of them. One of them had rejected her, the other had been
rejected by her, yet they were still standing there, acting like they were
vying for his wife. It was a little too funny.
At the beginning of the meeting,
the registered director of Litong who came with Tan Shen made his position
clear: "Although I am a director of Liya, all decisions will be made by
Mr. Tan Shen, our company's president." "
Qian Siji quickly smiled warmly,
explaining that Mr. Tan had already visited the company before and that we had
known each other for a long time. We all got along very well and had a great
time.
Chu Qianmiao looked at his smile,
and the more he looked at it, the more greasy it seemed. The favorable
impression he had of him at their first meeting completely vanished. His
attitude towards Yingji Capital and the various intermediaries were truly two
completely different things. It made sense. Yingji invested in him, so he
naturally treated them like his father. He had to pay Litong, so he was willing
to treat the intermediaries who collected the money like his grandsons.
But it was clear that Mr. Tan
wasn't swayed by Qian Siji's overtures when making his decision.
Qian Siji explained the situation:
a subsidiary borrowed five million from the company, and then I borrowed
another five million from the subsidiary. Mr. Ren and the others said this
required a board resolution. So, Mr. Tan, you've taken the trouble to come all
this way just to go through the motions and help me complete the resolution.
I'll definitely pay this money back within a month." His words hinted at
something like, "Just nod and approve."
But Tan Shen didn't buy that.
He first glanced at Chu Qianmiao,
who was standing beside Ren Yan, and smiled, as if to reassure her. Then,
turning to Qian Siji, he said, "But Mr. Qian, we at Yingji Capital don't
approve this loan. Please don't wait another month; repay the money immediately."
The author has something
to say to Ren Yan and Lei Zhenzi: Be careful. I'm the only one who can speak
for my girl. If you dare say no, I'll blast you into a ghost.
Passing the exam in less
than six months of study is a bit far-fetched, so I'll schedule it for the next
exam. After handling the major corporate issues, the next exam is the next one.
0 Comments