How can I justify myself as a Magnate if I don't indulge myself?-Chapter 294 - 144: Assets Reach the 500 Million Limit

10 minutes later.

"Mr. Gu, the new company’s name has been confirmed as Hua Country Capital INDULAE Asset Management Co., Ltd., abbreviated as IDE Capital. The change to the registered capital has also been reported. All you need to do next is notarize the company’s accounts."

As for the company’s shareholding change agreement, it is also on the way and should be processed within about two hours."

Gu Heng, who was chatting with Fu Songyang, listened to the skinny salesman and nodded slightly...

Starting today, he was also the boss of a multinational company...

It was damn like a dream...

After Fu Songyang said a few words, the secretary took the two salesmen, one fat and one skinny, back to the reception room and then looked deeply at Gu Heng...

Being stared at for a long time made Gu Heng a bit uncomfortable, "Brother Yang, why are you staring at me?"

Before Fu Songyang could speak, Jiang Wen, who was nearby, blurted out, "Fuck, 300 million in registered capital? What are you up to? Competing on the same stage with giants like Sequoia, IDG, and Gaoling Capital?"

"Is 300 million a lot?"

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Fu Songyang: "???"

Jiang Wen: "???"

Hearing Gu Heng’s words, both men were filled with question marks above their heads...

Seeing their expressions, Gu Heng knew they had misunderstood...

He truly didn’t know what 300 million meant in the investment market...

After all, his casual expenditures now easily ran into tens or hundreds of millions; 300 million seemed a lot, but at his current rate of spending, it really wasn’t much. Without a systematic reward system, he could probably spend it all in no more than two years.

And although he didn’t understand, he did go online...

Those major investment institutions online, doesn’t each of their investments amount to tens or hundreds of billions?

In that light, 300 million actually isn’t very much...

While thinking, he explained everything that was on his mind to them...

Once it was clear that Gu Heng was truly a novice in investing, Fu Songyang sighed and said, "You can’t calculate it that way. Whether it’s Sequoia, IDG, or Gaoling Capital, their fund management is indeed extravagant, easily managing tens of billions of US dollars.

But you have to understand, their money is all from private equity funds, which basically means managing these funds for investors and then taking a cut of the investment profits."

Your situation involves directly owned private shares; can you compare with them? Take Zhang Lei, the head of Gaoling Capital; Gaoling manages funds amounting to 600 billion, but his personal assets are at most thirty to forty billion. That seems like a lot, but the actual cash he can move around is just that; he holds shares in various major listed companies..."

There’s a saying, isn’t there? Shares that aren’t cashed are practically just visible but untouchable paper; they could become worthless any day."

Gu Heng nodded as if he understood...

Seeing Gu Heng’s expression, Fu Songyang shook his head again, "So now do you understand the concept of your 300 million fully paid investment company?"

Gu Heng: "Still don’t understand..."

Gu Heng smiled somewhat awkwardly...

"It’s like you’ve skipped the startup phase.

300 million in capital might not be a lot in many private investment funds, but it’s definitely above average."

He took out three cigars from the drawer, personally cut them for Gu Heng and Jiang Wen, then pushed them towards them and spoke again, "If you just want to play around with an investment company, then I suggest you not to invest the full 300 million. Just throwing in ten or twenty million is fine.

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But if you really plan to make financial investment your main business, I suggest you find a headhunting company these days to set up the basic framework of the company.

Given that your asset scale already qualifies as a medium to large investment company, hiring will be a bit more troublesome; it’s best to leave it to a professional headhunting firm, as self-directed hiring is mixed and few have managed such large amounts of money, plus you’re such a novice, you don’t understand anything, relying on a headhunting company is more reassuring."

For some reason...

When he heard about professional personnel, the first person that popped into Gu Heng’s mind was Lin Ran...

So-called high-end talents...

Gu Heng had really only met Lin Ran...

Thinking of this, Gu Heng immediately said, "Brother Yang, I won’t say much else. You’ve been entrenched in the business world for so many years, your connections are definitely a million times broader than mine. Why don’t you introduce a couple of people to me?"

Fu Songyang looked at Gu Heng in surprise, "You trust me that much?"

"What do you mean?"

"Aren’t you afraid I might arrange a few people and then they end up embezzling all your three billion? Don’t underestimate human nature; three billion can tempt even the wealthiest man."

Gu Heng laughed...

He might be a business novice...

But he was no fool...

The business process might be complex, but it’s just those few things...

How could it be that easy to be cheated? And he certainly wouldn’t give these people autonomy; he’d just have them investing in projects he specified, like the Yangcheng International Race Track project...

He would hire specialized lawyers to follow up; if it was that easy to be cheated, then the world wouldn’t have so many professional managers...

After all, business law has developed to be very comprehensive; the kind of company bankruptcy and takeover from one contract seen on those brain-dead romance soap operas that are performed for women to watch just wouldn’t happen...

Then Gu Heng said half-jokingly, "To tell you the truth, I truly don’t believe that you, Brother Yang, would be tempted by this amount of money, and even if you were, I could only turn to you or Brother Lu. Among legitimate business magnates, I only know you guys."