Chapter 104: Division of the Family Assets
The matter of the heir had been effectively settled the moment Lin Haoran officially became Chairman of Qingzhou Cement —
there was no suspense anymore.
However, he hadn't expected his elder brother to proactively concede defeat, even though there were still more than six months left in the original one-year contest period.
After Lin Wanan finished speaking, the study room fell into silence.
Lin Haoran himself, despite this sudden confirmation of his inheritance, didn't show any particular joy.
His expression remained calm — after all, ever since his reincarnation, his becoming the heir had been inevitable.
In contrast, Lin Haoning couldn't hide the disappointment on his face —
his regret and unwillingness were plain in every subtle expression.
Seeing this, Lin Wanan broke the silence in a fatherly tone:
"Since we're gathered here today, and the competition for heirship has ended early,
I'll take this opportunity to reallocate the family's business and assets —
to ensure the Lin family's future harmony and stability."
Dividing the family assets?
Lin Haoran and Lin Haoning both immediately focused on Lin Wanan,
clearly caught off guard by this sudden announcement.
However, neither showed any objection.
Especially Lin Haoran —
since he had accepted this identity and inheritance, he naturally wished for his father to properly retire and recover his health.
Otherwise, if he continued managing Wanan Group day and night —
plus attending endless social events —
his health would collapse within two or three years.
Now, an early retirement might allow him to gradually heal.
"Dad, whatever you decide, I'll accept it without complaint," Lin Haoning said first.
"Yes, Dad,
I support your decision to step back from Wanan Group," Lin Haoran added with a smile.
"Please rest assured —
I will do everything I can to lead the Group to an even brighter future."
Lin Wanan nodded with satisfaction.
"I have given careful thought to this division,"
he began.
"First, let me lay out the Lin family's current financial situation:
I hold 49.99% of Wanan Group's shares.Your mother holds another 10%.
Aside from that, over the years we've invested:
In Wanfeng Fan Factory and Huafeng Cement Factory.In a commercial building, Fengxiang Tower, in Sheung Wan for rental income.In the Man Wah Hotel in Yau Ma Tei —
we own 50% of that.
I also personally own a 50,000-square-foot land parcel near Tsim Sha Tsui and Lam Tin.
Last month, I acquired the 12.6% stake in Qingzhou Cement previously owned by its former chairman.
As for liquid assets,
I have over HK$38 million in cash,
plus a few smaller investments — no need to list them all.
Regarding Huafeng Cement and Wanfeng Fan Factory,
I have already designated them appropriately —
no need to discuss those further today."
The specific division:
Haoning, you will receive:Your mother's 10% stake in Wanan Group,Fengxiang Tower in Sheung Wan,The Man Wah Hotel shares,The Lam Tin land parcel,And HK$20 million in cash.Haoran, you will inherit:My 49.99% controlling stake in Wanan Group,The 12.6% stake in Qingzhou Cement,And HK$10 million in cash.
Your mother and I will keep about HK$8 million,
plus some small investments and this Deep Water Bay villa —
which is enough for our retirement.
Lin Wanan finished and looked at his sons warmly:
"Do you have any objections or suggestions?"
"Dad, I fully agree with your arrangement," Lin Haoning said seriously.
"Dad, I have no objections either —
the distribution is very fair," Lin Haoran said with a smile.
In his heart, he marveled.
He hadn't realized that his father had quietly accumulated such a vast fortune —
almost rivaling Wanan Group's own market value.
Quickly, Lin Haoran understood why:
strict separation of personal and corporate finances.
As Wanan Group's Chairman,
Lin Wanan had always kept the company's money and his personal money separate.
Thanks to years of steady growth,
his personal wealth had quietly expanded to an impressive scale.
As for Lin Haoning,
even though he didn't inherit control of Wanan Group,
he still received a hefty share —
enough to secure his own future.
Just Fengxiang Tower alone was worth over HK$30 million —
an extremely valuable asset.
Clearly, this division reflected Lin Wanan's deep thought and fairness as a father.
Of course, as the heir to Wanan Group,
Lin Haoran held significant advantages.
The 10% share given to Lin Haoning did not threaten his control.
With 49.99% ownership himself —
plus support from other stakeholders loyal to the Lin family —
he would firmly control the Group.
Moreover, the 12.6% stake in Qingzhou Cement was another major boost.
It was obvious that when Lin Wanan decided to buy those shares from Halier Centurion,
he had already planned to gift them to Lin Haoran —
to strengthen his position.
Due to current financial constraints,
Lin Haoran would have to temporarily postpone his plan to privatize Qingzhou Cement.
But with time, it would come.
"Since you both have no objections,
then it's decided," Lin Wanan said firmly.
"Haoran,
starting tomorrow,
you'll begin learning to manage the company alongside me.
When I feel you're ready,
I'll formally hand Wanan Group over to you."
"This Group is my life's work.
I don't expect you to achieve incredible glory.
I only hope you'll continue growing it steadily,"
Lin Wanan said with deep emotion.
"Dad, rest assured —
I will do my best!" Lin Haoran promised solemnly.
Turning to Lin Haoning, Lin Wanan added:
"Ning'er,
I've always been proud of your business abilities.
You have more experience than Haoran,
plus support from the Cao family.
Even though you didn't inherit Wanan Group,
you can still build your own business empire.
The future is in your hands —
I hope you carve out a unique path for yourself."
"Yes, Dad,
I will remember your teachings and work hard to live up to your expectations,"
Lin Haoning said, clenching his fists with determination.
Thus, the family meeting to divide the assets officially ended.
As Lin Haoning was preparing to leave,
Lin Haoran suddenly spoke up:
"Big brother,
if you're willing to consider my advice —
you might want to expand Wanfeng Fan Factory's business into the North American market.
The potential there is huge —
perhaps even greater than the Middle East."
There was plenty of opportunity —
Aimco alone couldn't dominate such a vast market.
If his big brother could succeed there,
he didn't mind letting him earn his share too.
Surprised, Lin Haoning thought carefully for a moment.
Finally, he smiled warmly and said:
"Haoran,
thank you.
I'll seriously consider your suggestion."
After bidding farewell to his parents,
he quickly drove away from the villa —
eager to discuss new plans with his wife.
Although losing the succession was painful,
with the assets he now possessed —
plus his own capabilities —
Lin Haoning believed he could forge a successful path.
Meanwhile, Lin Haoran stayed behind with his father,
continuing deep discussions about Wanan Group's current situation and future plans.
After all,
Wanan Group was now his company.
Listening carefully,
Lin Haoran gained a deeper understanding of the Group.
Although Wanan Group's market value barely exceeded HK$100 million,
its actual asset value was closer to HK$250 million.
Thanks to years of cautious management,
Wanan Group was low-profile but very solid.
The low stock price was mainly due to limited market exposure.
But in fact, Wanan Group was a sleeping lion —
ready to awaken.
The more Lin Haoran learned,
the more confident he became.
He already knew Wanan Group had very low debt.
But now, he learned something even more shocking —
Wanan Group had zero debt.
In the volatile real estate industry,
such a pristine balance sheet was extremely rare.
Unfortunately, Lin Wanan's overly conservative style had prevented the Group from growing faster.
Had he been bolder,
Wanan Group might already be one of Hong Kong's real estate giants.
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