"Wenzhou, Zhejiang, Wenzhou, Zhejiang, Jiangnan Leather Factory went bankrupt, the boss Huanghe owed 350 million yuan, took his sister-in-law away."
I don’t know when this divine song has spread rapidly on the Internet.
Many people Wenzhou locals are even more looking for what company this "Jiangnan Leather Factory" is, and they actually advertise their products so loudly.
After investigation, this Jiangnan leather factory is real, and the boss Huang He also has this person. He does owe a lot of money, but it is not as much as 350 million.
The tannery factory went bankrupt because the boss Huang He was gambling too much.
However, Jiangnan Leather Factory is only a small company under Jiangnan Group . The group's main business is still in China's nuclear power military valve industry.
But compared with the collapse of Jiangnan Leather Factory, the boss's poor management,
, what we are going to talk about today is what really happened in Wenzhou.
Compared with Huang He's excessive gambling, our protagonist Wang Min today is an entrepreneur who truly knows how to do business.
Under his management, Wang Min's Far East Leather Company's products are sold to more than 60 countries around the world, and occupying 60% of the domestic market share.
is even called the "Leather King" by the industry.
This kind of multinational company did not fall under Wang Min's management, but instead fell in the hands of his biological mother and brothers and sisters.
Afterwards, in order to compete for property, the mother sent her biological son to a mental hospital, and her brothers divided Wang Min's shares worth 1.2 billion yuan.
Far East Leather Company also began to decline under such internal family contradictions and withdrew from the stage of history.
01 All the money earned was given to parents
1966, Wang Min was born in Wenzhou and ranked third at home. He also has an older brother, a sister and two younger brothers.
As the third child in the family, Wang Min seems to have not been the most loved child by her parents since she was a child.
At the end of that year, in order to fill these mouths, parents were busy working early and late, and their monthly salary could only barely fill a few children.
It was in this environment that the third son Wang Min was the first to drop out of school. Before he finished junior high school, he left school and started working hard in society.
Because he has no education, Wang Min has done all kinds of work, carrying sandbags and carrying sacks. The goods weighing several times his weight pressed on Wang Min, and he gritted his teeth and persevered.
In addition, Wang Min only leaves a small part for herself every time she gets a salary, and the rest is left to her mother to subsidize the household income.
Although life is very hard, Wang Min always smiles and tells her mother that life will get better.
Until later by chance, Wang Min entered the local TV station and became a cameraman.
Although his salary is meager, his attitude is very serious. Coupled with the hard-earned experience of carrying sacks in society in the early years, he cherishes this hard-earned job very much.
The small camera is really a piece of cake compared to the sack that had been around for a hundred pounds before.
plus, Wang Min's humble and studious attitude was very popular and praised by some of the predecessors at that time.
Although this job is simple, it also gained a lot of connections.
At that time, Wang Min himself didn't know that these seniors actually became powerful drivers in his future entrepreneurship and development.
In the early 1980s, the domestic environment began to change drastically, and many people chose to start a business.
, and Wang Min had the opportunity to contact people of all levels at that time, so under such an environment, Wang Min, who had been working for the TV station for a full five years, resolutely chose to resign from the TV station. Before resigning, Wang Min specially asked his predecessors to say goodbye one by one.
After resigning, Wang Min did not choose other industries, but chose an advertising industry that is closely related to the TV station.
Wang Min took out his savings for many years, then found his friends and seniors, and after discussing with many people, he founded an advertising company.
is an advertising company. Wang Min's advantage lies in his 5 years of experience in TV stations. In addition, he is well-behaved in everything. Many times, his predecessors are very happy to help him build a bridge.
So after that, the advertising company's business was also very busy, and Wang Min also accumulated his first pot of gold at this time.
Wang Min, who made money, still gave all the money he earned to her mother to subsidize her family income as before.
In this process, Wang Min also entered the marriage hall with her girlfriend.
But he still chose to hand over the money to his parents. He felt that his parents' grace for raising him could not be measured and rewarded by money, and Wang Min also trusted his parents very much, so he felt relieved to put the money with his parents.
02 The mother privately distributed her money to her brothers and sisters
However, what Wang Min didn't expect was that the parents here looked at the money happily and said they would keep it properly. After Wang Min left, the mother called out several other children and actually distributed Wang Min's money to other children.
In the mid-1990s, Wenzhou's leather industry began to flourish.
As a Wang Min, who has rich connections in the advertising industry and television station in Wenzhou, she keenly feels that the leather industry may be a way for her to move to a bigger stage.
So Wang Min decided to get back his money from his parents, but Wang Min didn't expect that his mother would distribute his money privately.
This large amount of money was hundreds of thousands at that time. In that era, the number of households in tens of thousands of yuan was a minority. My mother distributed her money privately without hiding it.
However, Wang Min, who knew that his money had been distributed, was not angry. After all, it was his own parents' decision, and others were not others, all his brothers and sisters, so Wang Min agreed to his mother's approach.
can still make money again if you lose money. If this matter destroys the relationship between relatives, it will be a bit unworthy of the loss.
The relationship between parents and brothers is in a stalemate, and that will be a lifelong thing.
However, something my mother did made Wang Min even more heartbroken.
Big brother is very old because Wang Min is a well-known rich man, and many of the mediators have broken through the threshold of the Wang family.
That's it. The eldest brother is going to get married, but the woman requires that she move out and live separately after getting married, so the dowry is that the eldest brother must buy his own house.
So my mother made a decision and took out a portion of the money left by Wang Min and bought a house for the boss. The wedding is also held in a decent manner.
However, as the most profitable person in the family, Wang Min has to squeeze in a bed with her younger brother every time she goes home.
However, Wang Min never complained. After all, he was his elder brother. He has taken care of him since he was a child, and this was also his mother's decision.
In Wang Min's heart, family affection is always the first priority.
What Wang Min didn't expect was that the repeated concessions made their parents and brothers and sisters become more greedy in the future.
03 Parents asked to divide the company's shares
95, Wang Min's advertising company was intensified due to competition, and Wang Min's focus was no longer on the advertising industry at that time. So in 1995, Wang Min sold his advertising company to start a new business.
However, because his mother privately shared his money, Wang Min's re-start of business has caused a lot of difficulties.
sold the company, and the money was left with the shareholders.
But fortunately, Wang Min’s wife is not an ordinary person, she thinks that Wang Min thinks leather may be another way out for her.
So in the same year, Wang Min and his wife went south together and relied on loans to establish the Far East Leather Factory in Guangzhou, and was the first to engage in the import and export business of pig leather .
At first, because Wang Min and his wife were both laymen, many orders were only given to acquaintances. In this way, Wang Min ran away from home and slowly began to have repeat customers.
Relying on Wang Min's "looking for orders in Guangzhou and Hong Kong back then", the business gradually grew bigger. In addition to the company's control over product quality, more and more customers choose to trust Wang Min.
However, Wang Min made his fortune again, which actually made his brothers and sisters start to jealous.
I don’t know what wind they were blowing in their mother’s ears.
The mother was the first to stand up and asked Wang Min to divide the company's shares, which must be distributed to other brothers and sisters.
In 1998, members of the Wang family signed a "Share Agreement" on March 11, 1998. The agreement shows that "there are now five shares, including half of Cai Aihua, one share of Wang Ping, one share of Wang Min, one share of Wang Huai, and one share of Wang Chu." According to this proportion, the third brother Wang Min, as the founder, holds 30% of the shares, the mother Cai Aihua, holds 10% of the shares, and the other three each account for 20%.
(Cai Aihua is Wang Min's mother, Wang Ping is Wang Min's sister, Wang Huai, and Wang Chu is Wang Min's two younger brothers)
Under the arrangement of his mother, Wang Min's wife did not occupy any stake in this company.
However, this agreement is only an internal agreement of the Wang family and does not involve any company. 's practice of not distinguishing between "family" and "enterprise" has laid the root of disaster for future equity disputes.
Although most of the equity of the company he founded was distributed to his relatives, Wang Min did not regret it, after all, the power of the family is the greatest.
After this, Wang Min has been traveling around the world all year round, and all the company's orders have begun to grow due to the busyness day and night.
Because I mainly work in Guangzhou all year round, my sisters and brothers are mainly responsible for the leather factories in Zhejiang.
04 Family conflict broke out and was sent to a mental hospital. The company was in a slump.
Wang Min also believed 100% of his relatives. In addition to shares, there is also the position of Far East Group's executives.
However, Wang Min never expected that it was his closest group of people who actually tampered with the company's account.
In 2000, Wang Min's Far East Group has developed into a large group company with 13 branches, covering more than 60 countries around the world, and its domestic style has gradually increased from 10% to about 40%.
However, it is such a large group company that has a profit of only a few million per year.
At first, Wang Min didn't believe his eyes, but with the explanation of his sisters and brothers, Wang Min still chose to believe in his "relatives".
Until 2006, the leather products produced by Far East Group had reached 60% of the domestic share, and Wang Min also deservedly became the "leather king" in China.
However, in November 2006, Wang Min entrusts a lawyer to conduct an asset verification on five companies in Zhejiang, and found that the 50 million shares originally belonged to Wang Min were transferred to his siblings.
At that time, the total registered capital of these five companies was RMB 102.918 million, with an annual import and export volume of RMB 1.2 billion.
Without Wang Min's knowledge, his 50 million shares were inexplicably divided into his siblings' names. After checking
again, Wang Min was surprised to find that it was his younger brother Wang Huai who had falsely obtained Wang Min's second-generation ID card, and
and used the method of "false signature, forged document " to change the above-mentioned shares to the names of all siblings.
This time, Wang Min was a little intolerable and chose to call the police to handle it.
However, under the arrangement of parents, the family finally sat down to negotiate.
The siblings reached a new "Wang Family Shareholders Agreement": This new agreement not only confirms that Wang Min is the founder of the group and automatically serves as the group chairman and president, but also confirms that the equity ratio determined in the 1998 "Share Agreement" continues to be valid.
After Wang Min reached a new agreement with her family, she chose to withdraw the case.
However, Wang Min did not expect that three months later, Wang Min came back from a business trip from another place. What he was waiting for was not the concern of his relatives and friends, but his younger brother took a few big men to tie Wang Min into the car and then sent him directly to the mental hospital.
Then, with the "accompaniment" of his mother, Wang Min was found to have "biopody disorder". With the signing and consent of his parents, Wang Min was sent to a mental hospital for "treatment".
The leather king was sent to a mental hospital and caused a sensation in society. Wang Min's father Wang Datong said in an interview: " His own son has had mental problems because he worked hard for the company for many years and was under too much pressure."
However, Wang's father's move obviously made other children take advantage of this opportunity to occupy Wang Min's company.
Later, Wang Min, who was in a mental hospital, contacted his wife through other channels. His wife rushed from Guangzhou to Wenzhou overnight and rescued Wang Min.
It was also from this moment that Wang Min’s belief in “family affection” broke from then on.
From then on, Wang Min sued his parents and siblings in court with a complaint, but because many of the agreements were their oral agreements, including the "Share Agreement" signed in 1998, it did not specify which company entity it was, and the lawsuit became a tug-of-war in .
. According to Wang’s father, the reason why the family did so many things to Wang Min was because: " Wang Min arbitrarily appointed his wife Lin Bingzhen as the company's vice president in 2005, responsible for the company's financial power."
. At that time, Wang’s father said that if the company wants to be in the long run, it must introduce professional managers. (Wang's father liked New Hope founder Liu Yonghao )
However, as early as 2004, Wang Min had already introduced professional manager to participate in the company's management, but the siblings in charge of Zhejiang's business have always failed to cooperate with the manager, which has forced Wang Min's plan to be terminated.
With the conflicts within the family, Wang Min's Far East Leather has also gradually become worse than before in the industry. In addition to the protrusions of other leather companies, Far East Group has also begun to slowly withdraw from the stage.
Since then, Wang Min rarely has a smile on her face, but fortunately, her wife has always been by his side and has always supported and helped Wang Min.
