Extraordinary Genius - Chapter 416 – These medical formulas are valuable!
There were only 5 medical formulas, and Feng Yu wanted these formulas to be worth 5 million USD. Based on the exchange rates 1: 5.5, each formula was worth about 5.5 million RMB! But Fu Guangzheng and his men felt that these were not worth more than 500,000 RMB!
Fu Guangzheng saw Feng Yu was very serious and he asked his men: “Will there be any problems?”
“If the other party harped on this, Manager Feng might face some problems. We will not have any problems.” They were all employees of the Fu family, and they do not do valuation reports for other companies. Furthermore, this was Bing City, and it will not affect their reputations in Hong Kong.
“I am not afraid of those problems, and the amount I stated is absolutely reasonable!”
Although these research funds for these formulas were less than 1 million, Feng Yu had donated additional funds for those professors’ other researches. Those were also his money. Of course, he must find ways to recoup them.
When the Pharmaceutical Administration Office restructuring team saw the valuation report of Feng Yu’s medical formulas, they thought it was for some sort of rare conditions. If not, why was it so expensive? But when they say the effects of those formulas, they realized that these were all health supplement products.
What health products formulas were these? Why were they so expensive? These were only calcium, zinc, blood and vitamins supplements. How can these be worth 1 million USD?
“I have never heard of a medical formula that cost 1 million USD! Do you know how much is 1 million USD? Do you know how many things can be done with 1 million USD?” Deputy Mayor Li furiously shouted.
Feng Yu looked at Deputy Mayor Li: “Is 1 million USD a lot? The school buildings I donated to the City last year are worth more than 2 million USD! If 1 million USD are all in 100 notes and stack together, then it should be this high.”
Feng Yu showed the height with his hands while talking. Deputy Mayor Li almost died from anger. He realized that the money Feng Yu has seen before should be more than what he had seen in his lifetime! Just Feng Yu’s shares in the Machinery Company was worth a more than a billion!
Deputy Mayor Li was a high ranking official and when was the last time someone looks at him with despise? He was very unhappy with Feng Yu, especially with Feng Yu’s age. But he just could not find any words to retort.
“Even if you think that 1 million USD is not a lot, but that does not mean that these formulas are worth 1 million USD each. Furthermore, how can these formulas be considered medicine formulas? These are all health supplements formulas.”
Feng Yu looked at Deputy Mayor Li and smiled: “Deputy Mayor Li, have you heard of Lehaha oral solution?”
“I have heard of it. So what?” Deputy Mayor Li frowned. He does not know why Feng Yu had asked him about Lehaha.
“Many people want to buy the formula for Lehaha Oral Solution. The least these people offered was 5 million USD. The highest offer is 10 million USD! What do you think of this? Oh, I forgot to mention that I am also the major shareholder of Lehaha.”
What? This Feng Yu was also Lehaha major shareholder? Lehaha’s advertising was very aggressive. Even the kids know about their slogan. This company should be very profitable. But isn’t Lehaha a Hangzhou company? How did Feng Yu become Lehaha’s major shareholder?
“That is for children. It is different!” Deputy Mayor Li tried to argue.
“Then what should Lehaha’s product be categorized as? Medicine? Drinks? Or health supplements?”
“This…… it should be considered as health products. Lehaha’s formula is so valuable is because it is a popular product. how much is the formula worth before Lehaha became popular?”
“Then Deputy Mayor Li, how do you know that my products will not be popular?” Feng Yu asked.
Deputy Mayor Li was speechless from Feng Yu’s questions. Zhang Ruiqiang stepped in and asked: “Then why do you think that your products will become popular?”
Feng Yu pointed to himself: “Because these are my products!”
Everyone was stunned by Feng Yu’s crazy confidence. What does this mean? Because these are your products and it will surely be popular? But when all of them thought about this, it seems to be true. As long as it the product was from Feng Yu, every single one of them was selling like hotcakes all over China. At first, it was the plastic fans, followed by the humidifiers, bladeless fans, Songjiang motorcycles. Every product was well known throughout China. Feng Yu was also the major shareholder of the popular Lehaha Children oral solution.
It should be whatever Feng Yu sells, it will be the best-selling products in China. No one could argue about this!
“Feng Yu, we cannot trust you just because of this sentence.” Zhang Ruiqiang frowned.
Feng Yu nodded: “What Mayor Zhang said made sense. I know everyone here is curious why I said that after the pharmaceutical companies merged, I can increase the profits to 100 million in one year. It is because of these products! How much can the current bestselling penicillin jabs produced by these pharmaceutical factories make? A few cents each? How much is the cost and how much can the profits be? The cost for my products are higher than penicillin, but I can sell it for more than 10 times the retail price of penicillin jabs! These are still not prescription medicines. Can you even imagine about the profits?”
“Ridiculous! More than 10 times the retail price? Then the retail price for these will be more tens of RMB? Who would spend so much for these things?” Deputy Mayor Li said.
Feng Yu looked at Deputy Mayor Li curiously: “Deputy Mayor Li, the Exclusive Cigarettes in front of you should be expansive, right? Also, the retail price of that thermal mug you are using should be more than 10 RMB. There are cheaper cigarettes and cheaper mug in the market. Why are you not using them?”
“What do you mean?!” Deputy Mayor Li banged on the table and barked. Feng Yu was implying that I received bribes? I use luxury goods? These cigarettes and mugs were issued to all deputy mayors. I am not the only one using these!
“What I meant was that if it is a good product, there will surely be consumers that are willing to buy it, regardless of the price. These products are health medication products. In the olden days, it is called tonics. The impression tonics gave to everyone is that it is pricey. Now, our country is developing rapidly, and everybody’s lives are getting better. Don’t you think that people will want to buy some tonics for their families and loved ones? Just like everyone present here. All of you have made so many contributions to Bing City, these are what all of you deserved.”
Deputy Mayor Li felt better when he heard what Feng Yu said.
Feng Yu continued: “This is just like Apollo Oral Solution and Sanzhu Oral Solution. Even without taking these health supplements, we will still be living normally. I think I do not need to explain how well these products are selling. I believe that everyone here will know someone that is taking these types of supplements.”
Deputy Mayor Li lowered his head. He was also drinking Apollo Oral Solution!
“I guaranteed that these 5 products will be popular throughout China and will even be exported! If I am unable to fulfill what I said, I will shift Lehaha to Bing City! That’s why these formulas are worth 1 million USD each. If it is so easy to develop these health supplements, why none of the Pharmaceutical factories in Bing City developed it?”
Shift Lehaha to Bing City? All the leaders were excited. If Lehaha was a company in Bing City, then the taxes received by the government will be a considerable amount. His would be a great achievement!
Zhang Ruiqiang suddenly said: “Feng Yu, 5 million RMB for each formula. That will be a total of 25 million RMB. If you agree, then it will be settled.”
Feng Yu replied with a painful expression: “Sigh…… I will just accept these losses. Who asked me to be from Bing City. Fine. I will go along with what you had just said. All the 5 formulas will be worth 35 million RMB!”
Actually, Feng Yu was jumping with joy in his heart……