Wang Min: Wenzhou's "leather king", in order to seize hundreds of millions of assets, his family joined hands to send him to a mental hospital.

Since the reform and opening up, more and more people have been involved in the wave, and the entrepreneurial models of family businesses have emerged one after another. However, this entrepreneurial model has advantages and disadvantages. In the early days of starting a business, family businesses can rise rapidly with the advantages of low management cost and strong decision-making execution. However, this entrepreneurial model will also lead to the rapid disintegration of family businesses due to unclear property rights system, and may even lead to the problem of close relatives turning against each other.

In Wenzhou, Zhejiang Province, Wang Min, once known as the "King of Leather", went through the process that his first-generation ID card was cloned, his second-generation ID card was taken away by his own brother, his brother transferred himself 654.38+02 billion yuan in partnership, his family was "kidnapped" to a mental hospital for compulsory treatment, and finally all his family members were brought to court ... In court, Wang Min's parents, brothers and sisters stood on his opposite side.

The family business of Wenzhou "Leather King" was finally fragmented in the family feud, and many netizens lamented "Why do brothers do this!" Wang Min has long been heartbroken about the "betrayal" of his parents and brothers and sisters. Where did all this come from? What jaw-dropping stories have happened between Wang Min and her family?

From 65438 to 0966, Wang Min was born in Pingyang, Wenzhou, Zhejiang. His parents are ordinary working-class, and the family can only squeeze into the simple dormitory provided by his father's unit. Wang Min, who is very sensible since childhood, has been deeply saddened by the poverty of her family, so she is determined to make a lot of money and provide a good living environment for her family.

In order to reduce the burden on her family, Wang Min chose to drop out of school to work when she graduated from junior high school at the age of fourteen. As a result, he became the first of several brothers to step into the society and earn his own living.

When she first entered the society, Wang Min couldn't find a proper job because of her young age and low education. He can only earn money by doing all kinds of hard and tired odd jobs. Although her income is low, Wang Min never flinches. Despite the pressure far beyond her age, Wang Min persisted with strong willpower.

During this period, Wang Min worked as a salesman of food plastic products and office supplies, and finally transferred to a TV station as a duty editor. Although the salary is not high, Wang Min still subsidizes all the money saved by saving money at home.

By the end of 1970s, in order to speed up economic development, China began to implement reform and opening up, and actively encouraged individual entrepreneurship. Wang Min, who worked in a TV station and had foresight, soon saw business opportunities.

199 1 year, Wang Min founded an advertising company. With his accumulated experience and contacts in TV stations, his advertising company is booming rapidly, which can be said to make money every day. Wang Min's life has been rewritten since then. At that time, he was only 25.

Although the advertising business is booming, Wang Min is not satisfied with the status quo. He pays close attention to other business opportunities in the market. Soon he discovered a new tuyere industry, that is, the leather industry.

When Wang Min was determined to develop the leather industry, she once showed her determination and ambition to her mother: "Since I decided to enter the leather industry, my goal is to become a' leather king'!"

From 65438 to 0993, Wang Min founded the Far East Tannery with the first bucket of gold dug by the advertising company. According to his recollection, at that time, most tanneries in Shuitou Town, Pingyang were operated by traditional manual techniques, which were basically sold at home and rarely sold to foreign markets. So Wang Min made a bold decision: introduce advanced tanning machinery, sell leather handicrafts overseas, and fight in the fierce international market.

Although the marketing concept has a little embryonic form, Wang Min still has a long way to go to become bigger and stronger in the leather industry. In order to quickly grasp the changes in the market and quotation, Wang Min began to travel around the major leather industrial bases to collect information from various leather enterprises. Soon, Wang Min's efforts paid off. Through his own efforts, he expanded his customer channels. With the arrival of one order after another, the scale of Wang Min's enterprise has gradually expanded.

Although Wang Min made huge profits in the early days of leather goods business, he didn't lose himself. Whether in business cooperation or commodity quality, Wang Min has always maintained the attitude of honest management. It is precisely because of such high standards and strict requirements that in 1994, Wang Min not only accepted an order for a container from Guangdong Animal Husbandry Company, but also made some friends who were engaged in leather foreign trade in Guangzhou, which laid a solid foundation for him to expand the Guangzhou market in the future.

From 65438 to 0995, Wang Min realized the importance of Guangzhou as the frontier of China's trade export and the window of reform and opening up, so she decided to go south to Guangzhou to expand the market and set up Far East Leather Company in Guangzhou.

In this way, the business of the advertising company and leather factory at home can only be completely taken care of by the family. Out of trust in relatives, as early as before, no matter what industry Wang Min did, she was handed over to her father for management. And later, the company's business development was also to ask for help from his family, but at that time, Wang Min always thought about how to make the whole family get ahead. As for the rest, he didn't think too much at all.

After arriving in Guangzhou, after a series of investigation and adjustment, Wang Min established an excellent management team, which was followed by the rapid development of domestic market business. At this time, the leather industry is at the forefront. Despite this, Wang Min still said "not enough". In his mind, a bigger business blueprint is slowly unfolding under the "picture scroll" he painstakingly managed, and he has thus ushered in the spring of European export business.

At the 1997 Hong Kong Asia-Pacific and Italy Bologna Leather Exhibition, once Wang Min's leather goods appeared, they attracted people to watch, and "Far East" stood out. The "brilliance" of this exhibition made Wang Min look to a bigger export market.

With the rapid growth of export business at home and abroad, Wang Min and his Far East Group have also attracted the attention of the local government. With the support of the government, during the years from 200/KLOC-0 to 2005, Wang Min's enterprise developed explosively, and its business spread all over the world.

From obscurity to the world-famous leather king, it only took Wang Min 10 years. Far East Leather Group has become a giant pigskin producer in the world, with an annual output of over 20 million square meters. Its sales network covers more than 60 countries and regions around the world, occupying 50% market share in Europe.

However, the Far East Leather Company established by 1995 not only achieved Wang Min's business ambition, but also laid the foundation for family discord in the future.

Since 199 1 started his business in Wenzhou, the young and capable Wang Min has been expanding his business. In order to expand the market, he shifted his focus to Guangzhou, and Wenzhou, as a production base that directly generated profits and core assets, was managed by the third brother Wang Huai and the fourth brother Chu Wang.

Wang Min, who devoted his mind and energy to business development, never imagined that his family, who devoted himself wholeheartedly, was eating the fruits of his labor in an almost "bloodsucking" way.

It is reported that when Wang Min signed an order with Guangdong Animal Husbandry Company, he decided to take hundreds of thousands of deposits from his father Wang Datong because of lack of funds, but when he found his father to invest the money, Wang Datong resolutely opposed it. On the contrary, under the banner of "for your own good", we vigorously expounded the risks of investment and held the money firmly in our hands.

Although his father did such a thing, Wang Min still respected him without a trace of complaint. Finally, his wife borrowed 0.2 million/200 thousand from the credit union where she worked, which solved Wang Min's urgent need. However, after the success of the livestock company, Wang Datong nagged all day to run the business with the whole family. Wang Min didn't refuse because he was a brother, so the family came to "help".

1995, when Wang Min proposed to go to Guangzhou for development, he was strongly opposed by the whole family again. Wang Huai, the third brother, kept provoking at home, saying that Wang Min had been doing business with private people and was easily deceived. At this time, Wang Datong stepped forward and ordered Wang Min not to go as a parent. However, with Wang Min's resolute attitude, the family had to give up. But put forward a condition, that is, ask Wang Min to transfer all the money earned before and the money of the advertising company to Wang Datong's name.

Wang Min's decision to go south to Guangzhou can be said to be bought with all his net worth. It is precisely because of this that Wang Min's development funds in Guangzhou once again rely on his wife's loan. It is also because of his wife's strong support and help that Wang Min can pursue his career without hesitation.

When Wang Min vigorously expanded overseas markets, he spent most of his time in contact with overseas markets, while Wang Huai and Chu Wang were in charge of domestic production management. But what Wang Min didn't expect was that Wang Huai used Wang Min's ID card to transfer assets. After discovering the difference, Wang Min quickly conducted an asset survey.

In September 2006, Wang Min entrusted a lawyer to check the assets of five companies of the group in Zhejiang, namely Zhejiang Far East Leather Co., Ltd., Wenzhou Far East Leather Co., Ltd., Pingyang Far East Plastic Leather Industry Co., Ltd., Wenzhou Far East Real Estate Development Co., Ltd. and Wenzhou Aisha Leather Co., Ltd. ... The results of verification surprised Wang Min.

The total registered capital of these five enterprises suspected of alteration is 1029 18000 yuan, with total assets of 300 million yuan and annual import and export volume of1200 million yuan. All his 50 million shares in these enterprises were transferred to the names of his younger brother Wang Huai, the King of Chu and his sister Wang Ping.

What's more, Wang Huai and others are even more daring to transfer the company's assets overseas. In 2006, Wang Huai even used his photo to impersonate the second-generation ID card, which not only completed the equity change, but also privately transferred 20% of the equity of Wenzhou Real Estate Development Co., Ltd. held by Wang Min.

A biting cold rushed into Wang Min's heart from his back. He will never believe that this was done by his closest relatives. In order to get back her legitimate rights and interests, Wang Min chose to report the case to the Public Security Bureau after some thinking.

After reporting the case, Wang Huai wrote a 2,000-word statement of major mistakes, which was also signed by his parents, brothers and sisters. Later, he began to play the emotional card, and Wang Datong also said that "the dirty laundry should not be published" and advised Wang Min not to make a mountain out of a molehill.

Considering his brother's sincere attitude of admitting his mistake and brotherhood, Wang Min decided to forgive his family. But in order to confirm that he is the founder of the company, Wang Min held a shareholders' meeting. After five rounds of family shareholders' meetings, the Wang family signed a family shareholders' agreement and identified Wang Min as the founder.

On June 65438+1October 65438+1October 7, 2007, Wang Min signed the record of dismissal of the case by the Public Security Bureau. I thought this was the end of things, but who knows something even scarier happened. .......

On March 2007 10, Wang Mingang came back from overseas market inspection. After getting off the plane, Wang Min decided to go back to her family first, and then go to the board meeting with her mother.

But what I didn't expect was that Wang Mingang had just entered his mother's house, and his nephew suddenly rushed out of the room with several young men. They tied him up with a rope and forced him to go to a mental hospital.

Facing the doctor's inquiry, Wang Min's parents said, "Wang Min's mental state is extremely abnormal, and he always does some terrible things after losing his mind ..." Confused by his family's efforts to "take care of", the doctor temporarily believed the fact that Wang Min was a "mental patient". So after the doctor sedated Wang, Wang Min didn't wake up until the next morning.

After Wang Min's wife Lin Bingzhen got the news, she never believed that her husband would get mental illness. She soon realized that all this was premeditated. After a period of negotiations, Wang Min regained her freedom after several twists and turns. After coming out of the mental hospital, Wang Min broke with her family completely.

After the family ties were completely broken, the struggle for family interests came to the last minute. As a result, Wang Min, who was disheartened by his parents and brothers, once again took up legal weapons to defend his rights and dignity in 2009.

The disadvantages of family business have a long history, but well-known foreign family businesses such as Rockefeller and Ford have been operating very successfully. The key to family business governance is the separation of two rights. After the storm, Wang Min became more convinced, but even more determined to separate ownership and management rights.

Wang Min, who suffered extreme treatment, gave a valuable reminder and reflection to many family businesses and quasi-family businesses in China. For many family businesses in China, it is particularly important to take the road of modern enterprise management when the family businesses develop to a certain stage.