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"Teacher, what are you eating today?"

Early in the morning, Cheng Qian asked Li Chao. These days, Cheng Qian’s recipes are relatively fixed. Anyway, they use shape to supplement shapes. Since the legs are broken, we will eat various legs to supplement shapes, such as pig legs, goat trotters, chicken legs, duck legs, or even bear paws. Today, stew pig trotters with soybeans, and tomorrow steam bear paws.

High protein and high nutrition.

However, even if these foods are from chef Li Chao, they will get tired of eating too much. Other people now eat braised vegetables and are crazy about wanting to add oil and water. Without oil and water, they can only get constipated every day, and it takes half an hour to lie in a thatched cottage.

Cheng Qian is so good that he feels disgusting when he sees pig's feet and bear's paws.

I always want to eat some light wild vegetables, radish, etc.

“Eat dumplings.”

Li Chao yawned. Last night, Pingyang strongly asked him to work hard five times. Although he was young, he was a little tired of driving like this. He kept yawning when he woke up in the morning.

"Ah, I'm eating dumplings again."

"You can't waste it." On the day of the winter solstice, Cheng Qian made a winter solstice competition, such as dumplings and wontons, a full dumpling competition, and various martial arts competitions. As a result, there were really a lot of dumplings and wontons that day. Anyway, the emperor gave enough ingredients, and there were private subsidies from Li Chao, his father-in-law, so everyone let go of the bag and ate it, but in the end, there were still many left.

During these famine years, even the people from the East Palace could not waste food. Of course, they had to finish eating. So for several days, everyone ate dumplings and wontons every day just like the New Year.

The soldiers below were happy to eat. The dumplings would not break even in this weather. They would freeze when put outside. They would just take them to the pot. However, Cheng Qian's taste was quite good. Following a teacher from a cooking master, he was used to eating delicious food. He would definitely not be able to bear the dumplings and wontons every day.

"Or what if you eat some sour beans and stir-fried meat with some millet porridge?"

"good!"

As long as you don’t have to eat pig’s feet, sheep’s hooves and dumpling wontons, Chengqian can accept everything else.

Cut the sour beans into small diced diced pieces, then chop the lean meat into meat, and then fry it. It’s very simple, without any technique, add some dogwood powder, it’s sour and spicy, and it’s very delicious.

For Cheng Qian, who has been very nourishing every day and has eaten too much greasy, this sour bean meat foam is simply delicious, especially with a bowl of yellow millet porridge. After a long time of cooking the millet porridge, it has been boiled with a layer of glue-like paste, plus a piece of tofu soaked in sesame oil, and immediately has an appetite.

The father and I had a great breakfast.

After dinner, Li Chao took out a few notebooks and handed them to Chengqian.

"What's this?"

"You can open it and look at it."

Cheng Qian opened it and read it one by one, "Teacher, I can't accept it!"

"What's unacceptable."

"The father and mother are a bit bullying the teacher. The sugar industry is the Li family's industry. Everyone knows that the sugar industry has developed now. It is because of the secret recipe for refining rock icing and frosting sugar in the teacher's hand. It is because of the teacher's secret recipe for refining rock icing and frosting sugar in Lingnan. It is because of the hard work that the current situation is here. The mother took away 40% as soon as she opened her mouth. This is a forced robbery."

"What nonsense is it? How could Empress Changsun forcefully rob the things of his subordinates? You can see clearly that it is an investment. The investor is you. You took out a lot of land and slaves under your name to invest. After calculation, your investment is converted into 40% of the shares, and my technology and the original industry are converted into 60% of the shares. Well, by the way, I also transferred 10% of the shares from my 60% of the shares to your aunt, and 10% of the shares to you, Princess Chang and your uncle Qin. In this way, we will be in the four companies in this sugar industry in combination. You and you each occupy 40% of the shares, and your two aunts Pingyang and Changguang each occupy 10% of the shares."

"Of course, the industry will grow bigger and bigger in the future. The key thing we are to master is the refining and processing of sugar. In terms of sales, we will recruit more partners, including foreign sales and domestic sales. Now I have initially chosen the Zhang family in Vietnam as our export partner...."

Cheng Qian looked at Li Chao carefully, "Master, if you are not satisfied, you can just say it directly. I will go to explain to my mother, queen, father in person."

"You are stupid. The queen proposed to invest in it, but it was also for you. For me, this industry may be used as a dowry for Xia Hua in the future, so now you accept your shareholding, or directly give this sugar industry to you as a dowry for Xia Hua in the future. This is no difference."

It is not a bad thing to invest in Chengqian. My son-in-law is his own son-in-law, and the queen has also taken out real things, land and slaves. Moreover, with Chengqian, it will be much more convenient to build sugarcane plantations, sugar press factories, and even sugar transportation and sales in Lingnan in the future, so there is no need to worry about anyone who dares to reach out to eat and ask for it.

The sugar industry has a good prospect, but it also needs to be invested in development. For Li Chao, all he invested in was technology, giving his students, son-in-law, his lover, his adoptive father and his foster father, and his partnership, which was good.

"Start a Nanhai Trade Company?"

"Well, there is an ocean-going trade route on the sea, but it has always been just private merchants. I plan to join forces with some honorary and relatives to contribute money and strength. Everyone has money and strength. Those with technology have technology and others have people to build a large business company, build a seaship team, and open a business to the South China Sea and the Western Regions."

This South China Sea trading company is actually a trading company like the East India Company. It has strong strength and great overseas trading power and can even colonize.

In Li Chao's plan, this company should be a joint venture with the court owning certain shares, and then the honorary and relatives owned most of the shares, and then some merchants were given some shares, which were three classes.

The court, the powerful, and the civil businessmen all participated.

In the plan, the court held 20 to 30% of the shares, while the nobles held 50% of the shares, and gave ordinary merchants 20% of the shares.

"Then who has the final say?"

Chengqian is not taboo about business matters. He followed Li Chao for a long time and was deeply touched by the power of money. It is easy to do things if you have money, and both individuals and the court cannot do without money.

Cheng Qian was a little surprised. If this South China Sea business really made money, why should it be brought to the court and many private merchants? If so many people are brought to the end, who has the final say?

"We use stocks to issue stocks, and if we own stocks, we own equity, and we control the commercial bank according to equity. But we set stocks into two categories: one is the right to vote, which is the vote that has the right to make decisions over the company, and the other is the vote that has no voting rights and does not participate in decision-making and voting. This type of vote only enjoys dividend income and has no decision-making and voting rights."

In Li Chao's plan, the stocks of the nobles had the right to make business decisions, while the votes in the hands of the court and merchants had no voting rights.

Similarly, even the stocks in the hands of the nobles are different.

The voting stocks owned by the nobles are also divided into ordinary voting stocks and majority voting stocks. For example, ordinary voting stocks, which can only enjoy one vote. The majority voting stocks are one votes with multiple votes.

Through this method, although there are many shareholders in the company, those who can eventually become decision makers can be concentrated in the hands of noble shareholders. Among noble shareholders, the ones who really have decision-making power are those who hold the majority of voting shares in their hands.

Li Chao does not intend to restrict voting rights and prior voting rights stocks for the time being.

For the time being, there are voting shares and non-voting shares. Among the voting shares, there are single voting shares and majority voting shares.

The Nanhai Trade Company will be a powerful ocean trade company with many investments and strong investments. It will have a large number of merchant ships, captains, sailors and even armed crew members. It may also establish overseas commercial ports and cities such as colonies and concessions in the future.

This requires great investment. Moreover, if such a large business is only established by one or several families, it is risky and is easily attacked by jealousy. It attracts more people to reduce investment risks. At the same time, it can form an alliance of interests with more people and bear more risks.

Through several equity structures, it can be ensured that although the business has many shareholders, the people who control the helm are protected.

"The decision-making of the commercial bank is to make decisions based on stocks. We establish a shareholders' meeting based on shareholders who have voting shares. At the shareholders' meeting, the board of directors of the chamber is elected by the number of votes. The chairman and board members are elected, and the board of directors will finally select and appoint the general manager of the commercial bank and other management. The general manager and senior management team of the commercial bank are responsible to the board of directors, the board of directors is responsible to the shareholders' meeting, and the shareholders' meeting is responsible to all shareholders."

"Whether you own a stock in a commercial bank, you are the shareholders of the commercial bank. The stock is transferred, but the nature of the stock remains unchanged, and it is always voting shares and non-voting shares, single-voting shares and majority voting shares. We can agree to pay dividends to stocks every year!"

"Teacher, it sounds complicated, but it looks amazing."

"Who owns the majority of the voting stocks and who takes the single voting stocks?"

Li Chao had a long time to make plans. Those who can get a majority of voting stocks must first be their own people, which can ensure the stability of the business. Secondly, they must be strong people and have strong strength in some aspects. For example, Li Chao has strong financial resources and is a big shot in terms of tea, wine, sugar and other commodities. For example, the Zhang Zhongjian family in Vietnam, they are big shots in navigation and trade. For example, the prince has a good official status and he is here, everything is easy to do. Shareholders with a majority of voting stocks do not need too many. Holding the most important majority of voting stocks in this group is equivalent to actually occupying the majority of voting stocks and being able to control the shareholders' meeting and the board of directors. These families are actually members of the board of directors scheduled by Li Chao.

Under this equity structure, directors actually do not need to invest too much to leverage the entire business bank and gain control. Taking the court, private businessmen, as well as a large number of powerful people can make the business bank stronger and have stronger capital.

Li Chao wanted to establish such a business, not just for trade and make money.

In order to lead everyone, he also expanded to the sea and added a sense of adventure, enterprising and pioneering spirit to the Han culture.

The world is so big, don’t always keep staring at the land of the Central Plains, and the wider world. Even if it’s just sowing a seed, Li Chao thought it’s worth it.
Chapter completed!