There were no obstacles to spinning Little Eagle Shopping Center off from Little Eagle Group. A few days later, Nalan Yaqi submitted an application to the group's board of directors, proposing to personally fund the buyout of the shares in the subsidiary she managed.
As chairman, Wang Ye naturally had no objections. The plan had already received his approval.
He readily signed off, agreeing to let Nalan Yaqi use "personal funds" to buy out Little Eagle Commercial Management Company for 1.2 billion US dollars.
It was a reasonable price, neither too high nor too low.
Little Eagle Group's total investment in the commercial management company had only been around 1 billion US dollars. The buyout price was about 20 percent higher, which was enough to give the other shareholders an explanation.
Of course, only because Nalan Yaqi had proposed this price. If another company had wanted to acquire it, Wang Ye would not have agreed even if they had doubled the offer...
The independent commercial management company retained the name "Little Eagle Commercial Management Company." Its business scope included retail and commercial real estate. It owned several high-end shopping centers already operating normally, as well as several shopping centers under construction in mainland China.
In the future, the company would also purchase land in prime locations in major cities such as Moscow, Saint Petersburg, Yalta, and Kyiv to build commercial complexes, gradually transforming itself into a commercial real estate company!
Nalan Yaqi served as the company's legal representative and chairman, and she was also its largest shareholder. Judging from the shareholding structure, the company had nothing whatsoever to do with Wang Ye...
In truth, Wang Ye would not interfere in any of the company's affairs. He treated it as a gift for Nalan Yaqi.
After all, Wang Ye felt that