Conflict of Interest

Noticing He Zhihui's unusual behavior, He Jingping subtly kicked him under the table.

His tone carried a hint of warning and reminder: "Zhihui, Chairman Tang is about the same age as you, but his achievements are many times greater than yours. You can communicate with Chairman Tang more often in the future and learn from him."

He knew his son very well.

He Zhihui has decent personal abilities and qualities, but he is fond of beautiful women and has a somewhat dissolute lifestyle.

Normally he would turn a blind eye, but today was a different story— Lin Mu Xue was Tang Song's female assistant, and so beautiful, their relationship was obviously not ordinary.

If He Zhihui offends Tang Song because of his frivolous behavior, then it would be a great loss.

He Zhihui quickly suppressed the strange emotions in his eyes, turned his gaze to Tang Song, and put on a smile. "We really should learn from Chairman Tang. I heard that Lanfeng International Hotel is also an asset under Mr. Tang's name. I am a regular there."

"You flatter me." Tang Song lightly tapped the crystal glass with his fingertips, the clear clinking sound making his voice even more calm.

Upon hearing this, He Jingping laughed twice and raised his glass to warmly invite everyone to clink glasses.

Following up on that, we talked about Huashang Apparel's quarterly report and the strategic planning meeting a few days ago.

Tang Song maintained a faint smile throughout, chatting and laughing with He Jingping with confidence and ease.

He Zhihui tried to interrupt several times, but didn't get much response.

Noticing Tang Song's attitude, He Zhihui subconsciously curled his lips. Clearly, the other party did not take him, a second-generation heir who "fully relied on his father," seriously.

However, he had to admit that the other party did indeed have such resources.

Tang Song suddenly acquired 35% of Huashang Apparel's shares. How could Chairman He Jingping not investigate his background?

According to information they found online, in addition to Songmei Clothing, Tang Song also holds 80% of the shares in Lanfeng International Hotel and 34% of the shares in Imperial Capital Bocai Yingrui Management Consulting Co., Ltd.., Ltd.

To possess so many high-quality assets at this age is enough to prove that the other party is extraordinary.

Of course, he wasn't overly afraid.

Their family Struggle in Yancheng for many years, and in addition to Huashang Apparel, they also own several companies in the fields of commerce, medical care, and agriculture, making them a veritable local power.

Then, he secretly glanced at Lin Mu Xue across from him out of the corner of his eye.

She is much prettier now than she was a year ago.

It's mainly her temperament and outfit that make her look really eye-catching.

He has met many, many women, but only a few left a deep impression on him, and the model Xiao Xue was one of them.

After all, the other party had rejected him many times before.

Men, you know, always dwell on regrets.

Just then, his father kicked his foot under the table again, and He Zhihui quickly sat up straight, his face showing an expression of attentive listening.

He Jingping cleared his throat and said, "Currently, the ' He Yiyi ' IP has already secured a place in the Douyin apparel market and gained industry attention and recognition. Chairman Tang, you started from the live streaming sector and managed to build Songmei Clothing to this scale in such a short time, which truly impresses me as a veteran of the apparel industry."

His tone was sincere, and his eyes held a hint of appreciation, but there was also a hint of probing in his eyes.

Tang Song put down his chopsticks, his voice calm and composed. "Director He, you flatter me. The success of Songmei Clothing is somewhat accidental. It Director He's ability that makes Huashang Apparel stand strong for so many years. I believe that our two companies' cooperation will benefit both of us."

He Jingping shook his head, raised his glass and lightly clinked it against Tang Song's, his tone tinged with a touch of melancholy. "To be honest, Huashang Apparel is falling behind the times. I recently visited several apparel e-commerce and MCN companies in Hang City, and I was deeply struck by this. Our reform is urgently needed!"

Then, he began to talk at length about his insights from this business trip, from the explosive growth of live-streaming e-commerce to the importance of flexible supply chains, and then to the trend of brand IP development.

Listening to his long-winded explanation, Tang Song raised his eyebrows slightly, already sensing that something was amiss.

He merely wanted to use the new production line at Huashang Apparel's headquarters factory to manufacture some of Songmei Clothing's products. However, He Jingping rambled on and on, never mentioning the main point, clearly indicating he had other plans.

While He Jingping was speaking, Tang Song looked at him and said directly, "Director He, I'm sure President Wu has already discussed my plan with you. I want the new production line at Huashang Apparel's headquarters factory, with a 5-year exclusive agreement plus priority in production capacity."

He Jingping put down his wine glass, Pondered for a moment, and said with a hint of caution, "Chairman Tang, to be honest, the reason Huashang Apparel is upgrading these two new production lines is to create a flexible supply chain, with e-commerce as the target!"

To this end, we spent more than half a year and invested more than 60 million yuan to complete the full-chain digitization and realize C2M customization capabilities!

The new production line has the capability to accept orders starting from 50 pieces and respond quickly in 7 days, increasing the number of SKUs by 3 times and reducing capital occupation by 60%!

This production line could certainly become a dedicated workshop for Songmei Clothing, but my suggestion is that we can cooperate more deeply!

"Oh? What do you mean?" Tang Song leaned forward slightly, his eyes deep and bright.

He Jingping's eyes flickered slightly, and he said with a smile, "My idea is, why don't we set up a joint venture?"

Huashang provides the production line, resources, design, and management team, Songmei provides the IP and traffic; the equity ratio is negotiable.

We will operate the new company independently and, through resource integration, fully dedicate ourselves to building this clothing brand.

This way, Songmei's independence can be guaranteed while allowing her to share all of Huachang's resources.

Upon hearing this, Tang Song instantly understood.

He Jingping set his sights on Songmei Clothing's IP and traffic.

Today, Huashang Apparel operates on a dual-track model of its own brand and OEM manufacturing. However, the OEM business is declining due to the impact of the Southeast Asia market, while the own brand has not seen any significant improvement.

Huashang Apparel, which has been seeking an IPO, is looking for new growth opportunities.

Seeing Tang Song remain silent, He Zhihui chimed in, "I once talked to Mr. Zhang from Sequoia Capital. The live-streaming e-commerce + flexible supply chain model is currently a very hot investment trend."

If our joint venture can achieve a GMV of 500 million in the future, based on a price-to-sales ratio of 4, that would be a valuation of 2 billion!

Most importantly, this can accelerate Huashang Apparel's overall listing, at which point the value of your shares will at least triple!

Tang Song looked at He Zhihui and said, "Director He knows a lot."

He Jingping patted his son on the shoulder and said with a smile, "Chairman Tang, Zhihui was once in charge of the brand operation of [Hua Chang · Whispers] and has rich experience in this field. Later, he worked in management at Hua Chang Wenchang and had close cooperation with many large live-streaming e-commerce companies."

Once our joint venture is established, I would like to recommend him to be in charge.

He Zhihui smiled confidently and said in a clear voice, "Chairman Tang, you are also a shareholder of Huashang Apparel, so our interests are aligned."

The era of going it alone is over. To grow bigger and stronger, we must integrate resources and develop together.

With the full support of Huashang Apparel in multiple dimensions, inventory risks and financial pressures will be eliminated, and the joint venture has a bright future!

Huashang Apparel and Songmei Clothing will also usher in new opportunities!

After saying that, the father and son looked at Tang Song with great confidence.

No matter how you look at it, this is a great thing.

The launch of Huashang Apparel, in particular, is an irresistible temptation for anyone.

With its current net assets of 800 million yuan, Huashang Apparel, coupled with the prospects of its joint venture, could achieve a PB ratio of 3.55 to 4.55 after listing, and its final market value may exceed 3 billion yuan.

They didn't think the Tang Song would refuse.

With Tang Song remaining silent, the private room fell into a quiet and tense atmosphere.

Lin Mu Xue shifted her legs, her attention drawn to the scene.

Although she didn't understand it very well, she had worked in a financial company for quite some time, so she could roughly understand the meaning.

Personally, she disliked He Zhihui and didn't want him to have any further cooperation with Tang Song.

However, she also knew what was important.

This is going public! It's the ultimate goal for many companies and the most important channel for shareholders to cash out.

"I'm sorry, Director He." Tang Song shook his head regretfully, and said seriously, "I have a clear direction for the future of Songmei Clothing, including the positioning and development path of the new brand [HEYI Studio]. I believe that what Songmei needs right now is to focus on building its own brand, rather than spreading its energy around the joint venture."

As he finished speaking, the atmosphere in the private room seemed to freeze for a few seconds.

He Zhihui frowned, and his gaze toward Tang Song underwent a subtle change.

He Jingping's smile froze slightly, but he quickly recovered.

He picked up his glass, took a small sip, and said with a hint of probing, "Chairman Tang, are you worried about control of the joint venture? We can discuss that and ensure your interests are protected."

"No." Tang Song placed his hands on the table with his hands crossed. "The joint venture model would affect my strategic planning for Songmei Clothing and would also contradict my goals, so I'm sorry."

Seeing this, He Zhihui couldn't help but interject, "Chairman Tang, the market competition is so fierce these days, relying on just one company..."

Tang Song interrupted directly, saying calmly, "Let's talk about the OEM business instead."

Although He Jingping and his son said was very tempting, it had no effect on him at all.

Songmei Clothing carries his "Growth Plan Task," and he must proceed step by step according to the plan.

Moreover, the future is full of uncertainties, and the two companies are currently of completely different sizes. Cooperation would only make Songmei Clothing a subordinate, which is completely unnecessary.

He doesn't need to make money by selling companies or going public.

Tang Song interrupted He Zhihui, and He Zhihui felt a surge of inexplicable anger.

This guy didn't take me seriously at all, and his attitude towards me was very casual.

Gritting his teeth, He Zhihui said, "Chairman Tang, we have already contacted several live-streaming e-commerce companies in Hang City. Two of them are willing to form a joint venture with Huashang Apparel, and even intend to cross-shareholding. However, we currently only have one flexible production line."

"Alright, Zhihui!" He Jingping waved his hand, still smiling. "Chairman Tang, we can discuss the cooperation slowly, No rush."

Tang Song glanced at He Zhihui indifferently and said firmly, "Director He, I take this matter very seriously and don't want to drag it out. Give me a definite answer."

As a director of the company and a shareholder holding 35% of the shares, his initiative to contact He Jingping to seek cooperation was also aimed at creating output value and business for Huashang Apparel.

He Jingping clearly had his own ulterior motives.

Finding new growth points for Huashang Apparel is one purpose, but more importantly, it's about nurturing his son.

After all, he is already 55 years old this year. If he wants to cultivate He Zhihui as his successor, he must have enough heavyweight achievements.

Upon hearing Tang Song's blunt words, He Jingping's smile gradually faded.

He Jingping took a sip of his drink and said, "If that's the case, Chairman Tang, you might as well wait a bit. We've already started planning for a third new production line, in our Second Factory in the Suburbs. We can start with the existing production line for initial cooperation, and once the new production line is in place, we can tailor a production plan for Songmei Clothing Apparel to ensure product quality and delivery time."

His words were impeccable, but his meaning was quite clear: he rejected the Tang Song.

As chairman, He Jingping has absolute control over the company, and his refusal means that Huashang Apparel also refuses.

He Zhihui's lips curled up slightly as he looked at Tang Song's face.

Unfortunately, he didn't show the "furious outburst" he had hoped for; instead, he remained calm and confident.

"Okay, I understand." Tang Song nodded slightly, his face calm and composed, as if he didn't take the matter to heart.

He Jingping frowned slightly, but said nothing more.

Although Tang Song is a shareholder and director of the company, this is, after all, a collaboration between two companies.

His refusal was justified and did not violate company law. Even if Tang Song wanted to make trouble for him, he had no reason to do so.

Lin Mu Xue, standing beside her, felt a jolt of excitement in her heart, her eyes sparkling with anticipation.

Good heavens! I'm just speechless!

How dare you, father and son, refuse Chairman Tang!

The banquet continued, and He Jingping and Tang Song continued to chat and laugh, but the atmosphere became somewhat subtle.

9 p. m.

Watching Tang Song and Lin Mu Xue get into the Rolls Royce Phantom and slowly drive away.

He Zhihui's face showed a gloomy expression. "Dad, what do we do now? Continue to negotiate with Yingqu Media? Although they are larger in scale and have more traffic, their conditions are a bit harsh. Other shareholders may have objections, especially this Tang Song, who has a 35% stake."

Major matters in corporate governance must be approved by shareholders representing more than two-thirds of the voting rights.

If the establishment of a joint venture involves the company's core business or assets, it can also be categorized as such.

Even if they pass the resolution directly at the board meeting as a non-major matter, Tang Song can still protect his rights through legal means.

Their reason for wanting to prioritize joint ventures with Songmei Clothing was not only because both were local Yancheng companies, making operations easier, but also because they were wary of Tang Song's "veto power."

He Jingping said with a serious expression, "It hasn't come to the point of tearing off the mask yet. Let's wait and see. I'll have Wu Wei contact him privately. Whether it works out or not, it's not a big deal."

In his view, this matter was indeed not a big deal.

It's just that there are some "minor conflicts of interest" between the two sides.

He hopes to leverage the joint venture to create a wildly Internet Celebrity brand, helping his son gain a foothold in the company while boosting Huashang Apparel's performance and working towards a future IPO.

Tang Song valued his Songmei Clothing highly and did not want to lose control of the brand.

Since we can't go into deeper cooperation, let's just stick to OEM manufacturing.

However, he can only wait for the third intelligent production line, since each one requires an investment of at least 30 million yuan in cash.

For Huashang Apparel at present, it is not in the plans in the short term.

Inside the tranquil Rolls Royce Phantom.

Lin Mu Xue shifted her body and looked at Tang Song on her right.

He sat there quietly, his posture upright and relaxed.

Beneath a high, straight nose, thin lips were slightly pursed, and fine strands of hair shimmered softly in the dim light.

At this moment, he exudes captivating charm.

Seemingly noticing her gaze, Tang Song turned her head to the side.

Their eyes met, and a warm and gentle smile appeared on his face.

In an instant, Xiao Xue melted into water, and a faint blush rose on her face.

Then, a clear and magnetic voice rang out. "Xiao Xue, you know He Zhihui, right?"

Lin Mu Xue trembled slightly, biting her lip as she whispered, "I had some contact with him before at work, but we weren't close at all. It's been almost two years since I last saw him. If we hadn't met today, I would have completely forgotten about him."

"Hmm, it's nothing, I was just asking casually." Tang Song smiled and placed his hand on her smooth thigh, gently kneading it as if to comfort her.

He had completed the Branch Mission "Observation and Control" on Lin Mu Xue, and obtained the Passive Skill - Observer ".

With his current temperament and observational skills, he could naturally detect the exchange of glances between He Zhihui and Lin Mu Xue.

This is also one of the reasons why he had a bad attitude towards He Zhihui.

Lin Mu Xue leaned back in the soft leather chair, looking at the dazzling starry sky ceiling above, gently rubbing her legs, her face flushed and hot.

Tang Song shifted his hand and lowered the rear window a crack, letting the cool evening breeze wash over him.

Lin Mu Xue took a deep breath, gripped Tang Song's left hand tightly, and asked in a trembling voice, "Chairman Tang, will you continue to cooperate with Huashang Apparel?"

She had just drunk quite a bit of red wine and didn't want to draw maps in the car.

Tang Song turned to look at her and smiled, "Of course we will continue to cooperate."

"But... He Jingping is clearly not sincere. We don't know when the so-called third production line will be implemented. He's just giving you the runaround."

"Not bad, Xiao Xue, you've made great progress."

Lin Mu Xue licked her lips, a little shyly saying, "It's all thanks to your excellent teaching."

"Hehe." Tang Song chuckled and reached out to pinch her fair and pretty face.

He said calmly, "It's alright. Since He Jingping won't agree, I'll take control of Huashang Apparel and reorganize the board of directors. Xiao Xue, your new task has arrived."

"Huh?" Lin Mu Xue was stunned for a moment, then immediately sat up straight. "Chairman Tang, please speak!"

"Notify Rongliu Investment's Investment Department and Research Department to conduct a comprehensive investigation of Huashang Apparel, study the company's shareholder structure, and formulate a controlling stake plan. I want to acquire more than 50% of the shares."

The system has already assigned tasks, and Tang Song is determined to acquire Huashang Apparel's exclusive high-end workshop.

Furthermore, as Songmei Clothing develops in the future, it will definitely need to cooperate more deeply with Huashang Apparel.

Taking control of this company was definitely the right decision, as it can avoid many constraints.

"Yes, Chairman Tang!" Lin Mu Xue took a deep breath, her excited body trembling slightly.

He Jingping and He Zhihui, your good days are coming to an end!

Don't you know the power of a private equity boss with billions in assets?

Do you not know the worth of the man behind Su Yu?

(◣_◢)┌∩┐

Hahaha, I, Emperor Mu Xue, am finally going to truly participate in a financial and business war!

These will be things I can brag about later!

Shengyuan Jiajing Community.

The bathroom door opened gently, and steaming heat wafted out with each step she took.

Wen Ruan stood naked in front of the full-length mirror in the dressing room, carefully examining her body.

The skin, moisturized by warm water, appeared even more delicate and smooth, with a faint glow.

Her full, radiant figure, coupled with the defined abs and muscle lines honed through regular workouts, exudes a mature feminine charm in every way.

She pinched her cheeks and chest, her Wen Ruan face beaming with joy.

I don't know if it's just my imagination, but ever since she started playing ball with Tang Song, her skin has become better and better.

The current situation is almost back to what it was two years ago.

She had also heard that a harmonious sex life can promote blood circulation, regulate endocrine function, relieve stress, and improve skin to some extent.

I just didn't expect it to work so well!

Thinking of this, Wen Ruan couldn't help but lick her plump lips.

It seems I still need to squeeze Pinduoduo out of Tang Song!

After admiring herself in the mirror for a while, Wenruan reached out and took the silk robe hanging on the hanger, gave it a Wen Ruan shake, and casually put it on.

The robe slid over her skin like flowing water, clinging to her exaggerated curves.

Back in the bedroom, I glanced at the unread messages on my Mobile Phone.

Besides the work report about the printing factory, there were also some relatives I hadn't contacted in a long time who came to reconnect.

In recent days, her Assistant Team has begun to take over the Yanbei Printing Factory.

Although she intended for her father to be the General Manager, he was indeed somewhat incapable of the job.

After all, it also involves cooperation with Tang Yi Precision.

Ultimately, she entrusted De Ju Ren He to help her find a professional manager.

Let my dad be a vice president in peace, and it's not too late for him to become the top leader when the time is right.

Sitting on the soft bed, Wen Ruan opened Tang Song's chat window, lifted her pajamas, took a sexy selfie that was half-covering her, and sent it to him.

Tang Song has not replied for a long time.

Wen Ruan couldn't help but feel a little jealous. She was almost certain that this scoundrel was currently fooling around with other women.

She stretched and Wen Ruan about to open "Honor of Kings" to relax when her Mobile Phone suddenly vibrated and a friend request popped up.

Upon seeing the nickname, Wen Ruan trembled, and her Mobile Phone fell directly onto the bed.

[Qing Ning]

The application message reads, "I am Liu Qingning."

After staring at the application for a while, Wen Ruan took a deep breath and clicked the "Apply" button.

What needs to be faced will eventually have to be faced, after all, Su Yu herself has already seen it.

Liu Qingning is nothing special!

After comforting myself for a while, my Wen Ruan fingers hovered above the chat box, hesitating about how to start the conversation.

At that moment, the Mobile Phone vibrated again.

[Qing Ning: "Hello, Wen Ruan. I'm so sorry it took me so long to contact you. I wasn't really prepared. Also, this has been the busiest month of my life."]

[Qing Ning: "I added you as a friend not for any other reason than to tell you my story with Tang Song. I wonder if you would like to hear it?"]

Wen Ruan bit her lower lip, her fingertips quickly typing a reply on the screen, "Hello, Qing Ning. It's nice to meet you. If you'd like to share, I'd be happy to listen."

[Qing Ning: "Our story begins in 2005..."]