Chapter 724 - 711 Medicinal Cuisine Discussion_3
Besides, real estate, charity, technology, and several other sectors are not yet on the agenda, nor are they a pressing priority.
With a simple division, the once chaotic situation suddenly became clear.
In Suming's understanding, all industries could still be regarded as part of the 'Taoyuan' Group; however, in practice, the company's four main sectors were distinctly divided. Not only did they avoid conflict by being forcefully combined, but the clear boundaries also allowed for complementary and mutual promotion.
There were suitable candidates for the specific head of each of the four sectors.
The film and entertainment industry was led by Cai Liming and Wang Hao, both of whom had the background and capabilities, with sufficient social relationships and insight to be considered the strongest team of talents. This sector was precisely the first batch being prepared for listing, with high work difficulty and heavy tasks.
The tourism sector was handled by Yang Tao and Yang Lin, the old and the young; the elder brought experience while the younger provided time and enthusiasm, matching the strategy for long-term stable development.
Agriculture was managed by Liang Shi, whose market capabilities were average, but what Suming valued were his scientific research background and abilities. Animal-friendly capabilities and Taishui water could help agriculture get off to a good start, with the future development requiring genuine agricultural scientists.
In the restaurant business, Hong Feifei and her father brought technical skill and market experience, respectively. Now, Hong Family Cuisine was practically retracing the developmental path of the Hong Family's past, handling it with ease. Moreover, with Suming as a major financial backer and the resources of the entire Taoyuan Group behind them, this path would only become smoother and broader.
Once everything was sorted out, the path ahead became brightly clear, and the previous sense of confusion vanished completely.
With clear goals, Suming finally found the drive from the initial stages of starting a business.
The immediate priority was to continue to earn more money and then invest in filmmaking, feeding this cash cow, enabling it to quickly produce a large amount of cash milk, which could then be used to plan for a public listing.
As for the specific listing, Park Cheol-bin had two additional suggestions. Since the domestic market was influenced by too many factors, if possible, it would be worth considering an overseas listing.
For example, with the film company's experience working with Disney, if it could produce several films that received worldwide acclaim, an opportunity for an overseas listing was not out of the question.
Another way to list overseas was to register an overseas company or for the company owner, Suming himself, to have foreign nationality and a certain volume of business in that country.
Registering an overseas company and using it to inject capital into the domestic one made the latter legally a subsidiary of the foreign company, thus being counted as a 'foreign enterprise,' which could legally circumvent many domestic restrictions.
This point coincided with Suming's previous strategy for planning an exit route.
Of course, it was not possible to transform all companies into a 'foreign enterprise' nature, like the zoo and the current real estate ventures.
"Then we need to find a country with lower estate taxes," Suming laughed, acknowledging that foreign countries have their advantages: free markets, relatively fair competition, high status of businessmen in political and social life, etc. But there was also a problem—many countries had frighteningly high inheritance taxes, requiring a significant portion of an estate to be handed over to the state.
After the conversation with Park Cheol-bin, Suming reflected for three days in the waterside pavilion and finally, based on this discussion, revised the future development direction. Later, this conversation within the Taoyuan Group was referred to as the 'Medicinal Cuisine Strategic Discourse.'
Food must be eaten one bite at a time, steps must be taken one at a time. With the decision made, Suming was not in a hurry. He continued the journey he had set before, flying to Xiangjiang for a vacation.
This trip to Xiangjiang, although unaccompanied by staff, had two old acquaintances waiting for him.
What do you think?
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