"Come in!"
When Lu Ming was sitting at his desk lost in thought, there was a knock on the door. He looked up and saw Su Xiaoman entering.
"What's the outcome of the phone interview? Everything is fine, right?" Su Xiaoman asked with concern. "Most of the company is discussing this matter."
Lu Ming was surprised, "Has it spread this much?"
Su Xiaoman said, "Just check the front desk."
Realizing the situation, Lu Ming chuckled, "Management probably did this intentionally. I believe there will be online news about Tiansheng Capital's phone interview soon."
Su Xiaoman inquired, "What did they discuss with you?"
Lu Ming smiled, "It's a good thing, a significant one!"
"Are you still in high spirits?" Su Xiaoman looked at him skeptically, as if examining a person with a peculiar mindset.
"It's nothing, just a reminder not to jump around too much in the A-share market and to suggest making a price shot. I find it amusing," Lu Ming said with a smile. After a moment, he issued an order:
"Today, transfer all the funds in the company's account—11 billion yuan—into Tiansheng Capital's special institutional account. Then, go to the legal department and, along with Yao Yun and a few lawyers, discuss the asset management plan with the brokerage bank. I'll talk to Yao Yun later."
Su Xiaoman regarded him with a gleam in her eyes and said, "You're planning something again? The scale of your operations keeps growing!"
Lu Ming smiled mysteriously, "I'm not at ease if I don't do something. There's a big capital drama to be staged in the second half of the year, and Tiansheng Capital is taking the lead. You, as the major manager, hurry up and raise funds for me. Then, sit back and watch a good show."
"Alright, I'll handle it now," Su Xiaoman nodded, turned, and left. As she left, she coincidentally crossed paths with An Yirou, who was about to knock on the door.
"Manager Su."
"Assistant An."
The two women exchanged polite greetings with friendly eyes, and Lu Ming, observing from his desk, inexplicably felt a sense of relief.
At this crucial moment, it's best not to ignite a fire in the backyard.
For some reason, An Yirou didn't harbor resentment toward Su Xiaoman, though she didn't think much about it. Entering the office, she looked at Lu Ming, "Lin Qiang, the senior vice president of Chaoyun Trust, is visiting. He wants to meet you and has brought a few lawyers. It seems there's no business relationship between Tiansheng and Chaoyun..."
Lu Ming understood with a slight thought and smiled, "Expected. Where are they?"
An Yirou responded, "In the VIP room. They arrived at eleven in the morning. I heard you were trading funds in the trading room, so I didn't want to disturb you."
Lu Ming nodded, picked up the phone, and called the office of the director of the company's legal affairs department. After a brief conversation with Yao Yun, he stood up and left the office, heading to the VIP reception room to meet with Lin Qiang.
...
Lu Ming entered the reception room, the door wide open. Standing at the entrance, he knocked, and upon seeing Lin Qiang and others turning their heads, he walked in with a smile.
Lin Qiang couldn't help but stand up. He was taken aback when he saw Yao Yun, the chief lawyer accompanying An Yirou and Lu Ming, but he quickly composed himself.
Yet, in his heart, he couldn't help but think that it's good to be young, surrounded by so many beauties. At first glance, this young man seems to be leading a rich and colorful life.
Actually, Lu Ming's life is quite straightforward.
"Sorry to keep you waiting, Mr. Lin."
Lu Ming greeted with a smile. The two shook hands, and Lu Ming invited them to take a seat, also taking a seat himself.
Lin Qiang smiled, "If anything, we're too busy, haha... Oh, Mr. Lu, I heard the China Securities Regulatory Commission called you just now?"
Understanding the polite inquiry in Lin Qiang's tone, Lu Ming knew the other party was still concerned about this matter. After all, if Tiansheng Capital violated any rules, Chaoyun Trust would need to reconsider their decision.
"It's nothing, and there's no need to hide it. It's just that the leader told me to invest wisely and avoid excessive speculation," Lu Ming said with a smile, maintaining a calm and confident demeanor.
Lin Qiang chuckled at the words, "Haha, Tiansheng Pioneer Mix's recent counter-trend performance really leaves people feeling uneasy. I'd like to entrust a sum of money to you to manage; your performance has been impressive."
Indeed, Tiansheng Pioneer Mixed Fund has been making substantial profits daily for the past two weeks. The most vexing part is that it earns more as the market falls. The outside world is suspicious if Tiansheng Fund Company is holding short positions against A-shares.
Lu Ming's actions are indeed quite audacious.
"To cut to the chase, is Mr. Lin considering betting on me?" Lu Ming said with a smile.
Lin Qiang smiled and replied, "Chaoyun plans to add an additional 15 billion. Mr. Lu, you can take it."
Lu Ming shrugged, responding with a smile, "The more, the better."
Lin Qiang grinned, "Then, let's sign the contract!"
Subsequently, lawyers from both sides exchanged documents and reviewed the content of the agreement in an adjacent conference room. The agreement, involving tens of billions of dollars, comprised five key components.
[1. Closing Period]
The maximum closure period is 15 years. After five years from the agreement date, 5 billion can be redeemed, another 5 billion after ten years, and the final 5 billion can be fully redeemed after fifteen years. For funds released from the closing period, the entrusting party can continue to entrust management without redemption. If the entrusting party chooses not to continue managing the funds after the closure period expires, they must withdraw the entrusted funds.
[2. Rights and Obligations]
After taking over the entrusted funds, the entrusting party shall not interfere with the entrusting party's operation. The entrusting party has the right to keep details of capital operations confidential, and the entrusting party has the right to be informed but can refuse information disclosure.
[3. Penalties for Breach of Contract]
If the entrusting party unilaterally withdraws capital within the closure period, they must compensate 20% of the withdrawal amount to the entrusting party as liquidated damages. If the withdrawal amount generates dividends during the closure period, all dividends will be considered compensation for breach of contract.
[4. Dividend Distribution]
Once the entrusted funds become profitable, 15% of the dividend income will be distributed annually. The entrusting party can cash out dividends once each November, choosing to cash out part or all of the dividends. If dividends are not cashed out, they accumulate for subsequent years.
[5. Management Fee]
A one-time subscription fee of 1% must be paid. Redemption applications, accepted after the closure period, require a 3% fee. A management fee of 3.5% of the entrusted funds is levied annually. A 20% performance reward is withdrawn before dividend distribution, applicable during dividend cashing or reinvestment periods.
...
The review of the agreement took nearly an hour, and both legal teams confirmed the correctness of the agreement and contract.
Lu Ming, representing Tiansheng Capital, and Lin Qiang, representing Chaoyun Trust, formally signed the agreement, marking the establishment of the first private equity fund of Tiansheng Capital.
After exchanging contracts and shaking hands, Lin Qiang expressed his happiness, "Mr. Lu, for the next 15 years, I'll just sit back and wait for the bonuses."
Lu Ming handed the contract to An Yirou, his assistant, and then looked at Lin Qiang with a playful smile, "How about a bet? I'm sure your company will invest another 20 billion in me next year."
Lin Qiang, intrigued, responded, "President Lu seems confident. I can't resist. What's the stake?"
Lu Ming suggested, "A small bet for joy – 1 yuan per year for 15 years. How about a total bet of 15 yuan?"
Lin Qiang laughed, "Haha, okay, I'll take it!"
After a bit more exchange, they bid farewell. The agreement was signed just in time, as the market would open in ten minutes at 13:00.
...