Becoming a Russian Oligarch After Rebirth
Chapter 393 Year-end Inventory Big Dividend_1

Chapter 393: Chapter 393 Year-end Inventory Big Dividend_1

The end of the year had come in a blink of an eye, after all the matters at the Duma Council were settled.

Wang Ye began to deal with the affairs of various companies as part of the end-of-year review.

After a year, it was necessary to take a closer look at how each company had performed, what their revenue was, how much dividends could be distributed, and to provide an account for the other shareholders.

...

The Qingyun Study Abroad Service Company and Huaxing Communications Company were now managed by Ruan Xiaozhu.

Not much needed to be said about these two companies.

In particular, the Qingyun Study Abroad Service Company hadn’t had any new enrolments during this period, so naturally, there was no income.

However, after the New Year, it would be peak enrolment season again, and when Ruan Xiaozhu returned home for the New Year, she would communicate with Yangnan Normal University about the enrolment plans for the next year.

The situation at Huaxing Communications Company was still okay, business was stable and growing, and dividends were distributed again at the end of December.

This time, Wang Ye received another two hundred thousand US dollars.

...

At the New Sun Group, Wang Ye had fulfilled the tasks that the board of directors had given him when he took office.

As such, the stock equity bonus had been received.

Wang Ye had originally taken over 20% of the shares in the New Sun Group, and now that the New Sun Market was thriving under his management, Khodorkovsky had, with a stroke of his pen, transferred another 20% of the shares over to him as a reward.

Wang Ye now held 40% of the shares in the New Sun Group, with his concurrent position as president of the group.

According to Khodorkovsky, Wang Ye was now the largest individual shareholder in the New Sun Group, as even Khodorkovsky didn’t own as many shares as he did.

However, it was clear that Khodorkovsky didn’t really care much for the New Sun Group.

Compared to the Yukos Group, the New Sun Group was insignificant.

The reason why Wang Ye was given the position of president of the New Sun Group was for Khodorkovsky to groom him, and now that Wang Ye had performed exceptionally, it was natural to reward him with extra shares.

Although the New Sun Market had waived half a year’s rent and management fees during its opening to attract customers to settle in,

one mustn’t forget that the wholesale and distribution market had never relied on just rent or management fees to make money, rather it earned primarily from customs clearance and money exchange businesses.

And with Wang Ye having obtained an import franchise license, turning grey customs clearance into regular legal customs clearance, this sector was doing very well.

There were numerous customers using the New Sun Group’s clearance company for their customs clearance, and this business brought in a large portion of the group’s income.

In conclusion, the operation of the New Sun Market for the past year had brought 1.6 billion in net profit for the group.

Of this money, 60 million US dollars was kept as a reserve for the group’s expansion in the coming year.

The remaining 100 million US dollars was distributed as dividends.

According to his shareholding proportion, Wang Ye received 40 million US dollars!

It was not a small sum, especially considering that if it continued to develop at this pace, the dividends for next year would be much larger than this year.

Of course, this amount was, to the current Wang Ye, just a small sum.

It couldn’t accomplish any major feats, and was just pocket money!

Wang Ye also had a clear plan for the development of the New Sun Group in the upcoming year.

The plan was to expand quickly!

To take advantage of this year’s momentum and expand as much as possible.

...

Polar Bear Investment Company was the wealthiest company under Wang Ye’s control.

Of course, at this point, most of the company’s funds had been invested.

However, it directly or indirectly held majority or minority stakes in companies such as China’s Tencent, Russia’s MAIL.RU, YANDEX, the United States’ Apple, and Google.

And for the short term, Wang Ye did not plan to cash out these stocks, but to hold them for the long term.

What others didn’t know, Wang Ye understood very clearly.

No need to wait twenty years, just over ten years later, the shares held by Polar Bear Investment Company in these companies would bring him a huge return!

The scale of this investment company could even surpass that of the energy giant, the Yukos Group...

But now, it seemed a bit early to talk about these, and he had to wait patiently.

Therefore, this company wouldn’t be able to bring Wang Ye any returns in the short term, and he may even have to add more investment depending on the situation.

...

It was then December 31, 2001.

The next day would be the start of 2002, and New Year’s Day, which is a very grand holiday abroad, akin to the Spring Festival in China.

This was also a public holiday in Russia, nearly every company and unit had a holiday, allowing everyone to go home for the New Year.

There were exceptions, of course, such as Wang Ye, who was called over to the Yukos Tower by Khodorkovsky for work-related discussions.

After all, he still held the position of special assistant to the president of the group, even though he hadn’t performed his duties very often.

"Misha, wishing you a happy New Year in advance," Khodorkovsky greeted with a smile as Wang Ye entered the office.

Wang Ye quickly responded, "Uncle, a happy New Year to you too. How come you didn’t go and celebrate the New Year with Auntie and the others?"

Khodorkovsky shook his head and laughed, "I still have some business to finish today. I’ll be going abroad tomorrow and will return after a few days of rest, to reunite with my family."

Upon that, they both sat down next to the sofa.

"How’s it going? Is work at the Duma going smoothly?" Khodorkovsky asked, showing his concern.

Wang Ye let out a smirk, "It’s quite good. Chairman Rilinov takes good care of me and doesn’t have me do too much work. Being a Duma Member seems very leisurely."

"Haha, I heard about it. Though you don’t have any real power, you do have a high profile in Duma Council, especially with your team of beautiful assistants," Khodorkovsky laughed heartily.

Upon mention of this, Wang Ye had no shame, he smiled complacently, "Others only see their beauty, but I appreciate their knowledge."

Khodorkovsky shook his head, deciding not to pursue this topic.

After all, Wang Ye was young. Who didn’t appreciate beauty when they were young?

As long as he didn’t do anything problematic, it was fine.

He picked up a thin leather folder from the coffee table and handed it to Wang Ye, saying, "This is your dividend for this year, take it."

Wang Ye paused for a moment, instinctively asking, "What dividend?"

"The dividend from the Yukos Group, have you forgotten that you have a position as my special assistant?" Khodorkovsky replied helplessly.

Then it dawned on Wang Ye, he quickly received the folder and opened it to find a cheque inside.

The amount on the cheque was staggering!

A long string of "zeros" made Wang Ye count two or three times before he got it right.

It was 100 million US dollars!

Wang Ye looked at Khodorkovsky in disbelief and hesitated a moment before asking, "Isn’t this money... a bit too much?"