Tycoon: From Rags to Riches

Chapter 110: Chapter 108: Assuming Office

Before the main entrance of Junyao Mansion, Wang Junhao, the president of Junyao Group, gazed at the long procession of luxury cars that snaked before him, his bearing profoundly calm.

"Let’s go welcome them."

After speaking, Wang Junhao took the lead and walked toward the two Rolls-Royce Phantoms in the center of the procession. The numerous Junyao Group executives behind him immediately followed.

At the same time, car doors began to open one after another.

Men and women dressed in sharp business suits, carrying briefcases, stepped nimbly from the cars. Every one of them exuded an air of elite professionalism.

Soon, the two groups converged.

Wang Junhao knew Gu Heng was a young man, so upon spotting him, he walked straight toward him with brisk steps. Extending both hands, he offered a warm welcome, "Chairman Gu, I’m Wang Junhao, president of Junyao Group. Welcome. We’re honored to have you here to assume your new position."

Gu Heng met Wang Junhao’s enthusiastic welcome with equal warmth.

Unlike his position with the Beichun Junlan Hotel and Xingchuan International Group, Gu Heng didn’t actually have much leverage over Ruyi Airlines. Junyao Group alone controlled over 60% of Ruyi Airlines’ shares, giving them a controlling stake.

While Gu Heng was indeed Ruyi Airlines’ second-largest shareholder, it was unrealistic to think he could interfere with the airline’s internal operations and decision-making on that basis alone.

Under the circumstances, the fact that Wang Junhao, as president of Junyao Group, had personally come to the entrance to greet him spoke volumes. His attitude was truly impeccable.

After a moment of pleasantries, Gu Heng took the opportunity to introduce his companions to Wang Junhao.

"President Wang, allow me to make some introductions."

Gu Heng introduced them with a smile. "These are Wang Shunfu, the CEO of Deloitte China, and Qin Ying, the Chief Strategy Officer. And this is Yang Wenjie, a senior partner at Jun Cheng Law Firm."

While exchanging pleasantries with Gu Heng, Wang Junhao had already noted that the people with him were clearly exceptional individuals. He just never imagined their identities would be quite so astonishing.

"President Wang, a pleasure."

Wang Shunfu was the first to extend his hand. "Chairman Gu is one of Deloitte China’s top partners. We are accompanying him today to conduct an asset audit of Ruyi Airlines before he formally assumes his position. We’ll be relying on your cooperation over the next few days, President Wang."

"It’s standard procedure. Of course."

Wang Junhao quickly shook Wang Shunfu’s hand. "CEO Wang, I’ve long admired your reputation. I still have a vivid memory of your speech at last year’s Boao Asian Forum."

At that moment, Wang Junhao was truly stunned.

He had never imagined that Wang Shunfu, the CEO of Deloitte China, would personally accompany Gu Heng. He was even more surprised by how respectful and deferential Wang Shunfu’s attitude was toward him.

This was the man who held the reins of Deloitte Accounting Firm in China—the leader of the world’s number one of the Big Four accounting firms!

In terms of status, he was in no way inferior to the heads of major listed companies like themselves.

While Wang Junhao was reeling from his shock, Yang Wenjie, standing on Gu Heng’s other side, was no less astonished.

Yang Wenjie also hadn’t expected that the accounting firm Gu Heng had engaged would be a behemoth like Deloitte China.

In comparison to Deloitte China, Jun Cheng Law Firm suddenly seemed to pale.

He was just a senior partner; even if Xia Zhenzhong himself were present, he would still be outmatched by Wang Shunfu.

This thought gave Yang Wenjie an inexplicable sense of urgency.

’In just a few short months, Gu Heng has already built a bridge to Deloitte China.’

’If he keeps developing at this pace, I’m afraid that in two years, Jun Cheng Law Firm will no longer be worthy of his notice.’

After a few more moments of pleasantries at the entrance, Gu Heng was escorted inside, surrounded by a large, dark-suited crowd.

They took the elevators in batches, arriving one after another at the Junyao Group’s conference hall.

There, Gu Heng met Wang Junjin, the chairman of both Junyao Group and Ruyi Airlines, as well as numerous other directors from both Junyao Group and Ruyi Airlines.

Since Ruyi Airlines was a subsidiary of Junyao Group and one of its primary assets, there was a significant overlap in personnel between the two companies’ boards of directors.

Wang Junjin and Wang Junhao were brothers, and they did indeed look very much alike.

The main difference was that Wang Junjin appeared more refined and scholarly, whereas Wang Junhao seemed more sharp and serious.

In addition, Gu Heng also saw Wang Han, the eldest son of Junyao Group’s founder, Wang Junyao. Wang Han currently served as a director of Junyao Group and vice chairman of Ruyi Airlines.

He also met Wang Yan, Wang Junjin’s eldest son, who was the executive vice president of Ruyi Airlines.

As it was a family enterprise, basically half of the core management at Junyao Group and Ruyi Airlines were members of the Wang Clan.

When the two sides met, another round of pleasantries and introductions naturally followed.

Finally, both parties were seated, and the business discussions began.

Gu Heng had acquired 13.67% of Ruyi Airlines’ stock, replacing Eastern Airlines as the second-largest shareholder and bumping Eastern Airlines down to the third-largest position.

Gu Heng was here today to formally assume his duties for the first time. His main objectives covered five key areas: legal confirmation and review, assertion of corporate governance rights, financial auditing and verification, operational risk assessment, and the establishment of a shareholder rights protection mechanism.

Of course, these matters would take time and certainly couldn’t be completed in a single day.

The main goal for today was to lay the groundwork—to secure the rights he was entitled to without greedily reaching for those he was not.

The core principle was simple: ’You don’t take advantage of me, and I won’t take advantage of you. A win-win for everyone.’

As for the negotiation process, Gu Heng had Wang Shunfu and Yang Wenjie—his two formidable generals—at his side. He just needed to sit back and sip his tea. There was no need for him to trouble himself; the two of them would handle everything for him.

Junyao Group was certainly a large corporation with substantial assets, and its legal and accounting departments were indeed highly professional. However, that was all relative. Before the team of financial and legal elites led by Wang Shunfu and Yang Wenjie, they clearly fell short.

At times during the discussion, Junyao Group’s legal and accounting staff would get stuck, breaking out in a sweat as they scrambled to look up information on the spot just to keep up.

Seeing this, the Wang brothers were both slightly embarrassed, their expressions tinged with a hint of helplessness.

Who could have imagined Gu Heng’s backing would be so formidable? He had even managed to get the CEO of Deloitte China to personally champion his cause.

’This young man...’

’His strength is truly not to be underestimated!’

The Wang brothers exchanged a look as the same thought flashed through both their minds.

The meeting lasted for about two hours. In the end, they reached a preliminary agreement: once all legal reviews and financial audits were complete, Junyao Group and Ruyi Airlines would simultaneously convene their respective boards of directors.

At that time, the position Gu Heng would be appointed to was—

Independent Director of Ruyi Airlines!

And concurrently—

Director of Junyao Group!

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