Extraordinary Genius - Chapter 705
Chapter 705 – Using a medical formula to invest again?
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“Victor, who give you permission to sell this inhibitor’sformula?” Mark shouted.
“Mr. George gave permission.”
“But this inhibitor is the main component for the developmentof our newest drug. What if the other party developed this drug first?”
“What newest drug? The medicine for treating impotence? Doyou think people will buy it? They will be too embarrassed to buy it. Even ifthere is a market for this new drug, Feng Yu also do not need it. China alreadyhas this type of medical wine thousand of years ago. I had drunk it before, andmy erection lasted the whole night.” Victor replied.
This Mark still thought the medicine he was researching onwas miraculous. But China already has this type of medicine since ancienttimes. This medicine will fill the gap in the market? Bullshit!
“Fine. Stop arguing. Their research will not be as fast asus, and we have 21 million USD of the fund now. We will use this fund to investin our R&D department. Victor, ii will give you two choices. First, youwill be the Deputy CEO for the Asia region, and you will be based in Tokyo.There will be lots of opportunities there, and you can easily get promotions.Secondly, the Deputy CEO for the North American market. Your working locationis in New York. You will be closer to home, but it will be difficult for you tobe promoted.”
“I pick New York. I miss my family.”
George was disappointed with Victor, but he still kept hispromise and agreed to let Victor stay in New York. After all, Victor had helpedthe company made lots of money. Those two inhibitor formulas were only worth afew million USD at most. That means Victor had sold the useless research datafor more than 10 million USD. He deserved to be rewarded.
Furthermore, Victor had managed the Chinese market well, andhe had proved himself there.
Victor thanked George several times before he left. Mark wasstill arguing with George. George waved his hand: “You should go back now andoversee the clinical tests. We have already reached the clinical trials phase.Even if they discover the effects of this drug, they still have to undergoclinical trials. By the time they developed this medicine successfully, we willhave launched the medicine in the market.”
Back at China, Feng Yu immediately fly to Bing City. As forthe bribes received by Professor Wang and Liu Michael, Feng Yu told them tokeep it. However, Feng Yu was surprised by Professor Wang’s actions. He haddonated every single cent to charities.
Feng Yu did not go back on his words. He helped ProfessorWang to get the approval for his son to go to the US to further his studies andall his expenses in the US will be covered by Feng Yu. He will not letProfessor Wang’s son work part-time in the US.
Liu Michael also donated his money. He told Feng Yu that hefelt uneasy to keep the bribes. Feng Yu laughed and bought a bungalow for LiuMichael as his reward.
Feng Yu had spent a total of 25 million USD, but he felt themoney spent was worth it.
Back at Bing City, Feng Yu wanted to use this medicalformula to increase his stakes in Bing City Pharmaceutical Enterprise duringthe company’s annual meeting. But Bing City’s representative of state-ownedAssets Supervision and Administration Commission of the State Council (SASAC)strongly rejected him.
All this while, the rest of the shareholders do not wantFeng Yu to increase his stakes in the company. Now, Feng Yu appears with somemedical research data, claiming its some medicine formulas and tried to use itto invest in the company.
Even if the rest of the shareholders agrees, but how can youvalue these formulas as 200 million RMB? Who are you trying to fool? Bing CityPharmaceutical Enterprise registered value was only 360 million RMB. If weallow you to value these formulas as 200 million, then you will be the biggestshareholder of this company.
Furthermore, what sort of research data is worth so much?Cancer treatment drugs?
Huh? Medicine to treat that type of illness?
Nonsense! It will be a disgrace to produce this type ofmedicine.
Other than Wu Zhigang, no one agreed to Feng Yu’s demands.The rest of the shareholders do not object Feng Yu to use medical formulas toinvest in the company, but they cannot accept that this formula is worth 200million RMB!
Wu Zhigang firmly supported Feng Yu. He was a stanchedsupporter of Feng Yu and trusted him fully.
“Manager Feng Yu says that this formula is worth 200million, then it is worth 200 million. You all say he is trying to cheat thecompany’s money? What a joke. Do you know how much is Manager Feng’s annualdonation to the schools? Do you know much he earns from Bing City MachineryCompany? Just the profits from Tai Hua Trading is more than this amount. Doeshe need to come and cheat you all?”
“Gang Zhi, it’s fine that they don’t understand. At most, Iwill buy another pharmaceutical factory to produce this medicine. They willregret it when they can’t get a share of the profits.” Feng Yu patted Wu Zhigang’sshoulders, telling him to calm down.
Feng Yu understands what these people were thinking. If hewas in their position, he will also not believe that this formula is worth 200million RMB. If it was really worth 200 million, how long will it take torecover this amount?
Also, if Feng Yu were to use the value of this formula toincrease his stakes in the company, he will become the biggest shareholder. TheCity Government will never agree.
Now, Bing City Pharmaceutical Enterprise was making highprofits, and all the shareholders were very happy with the returns. Theirvitamins and health medicine products had brought over 100 million RMB ofprofits. It also pushes the sales of their other medicines. This year, thecompany will get at least 200 million RMB of profits.
Next year, the profits should be higher as Bing CityPharmaceutical Enterprise’s brand becomes more famous. The forecasted profitsfor the coming year was more than 300 million RMB.
3 years later, when Bing City Pharmaceutical Enterprise gotlisted, the share prices should increase by more than 5 times. It might even bemore than 10 times. The value of the company should be over 5 billion RMB then.The company will be one of the top companies in China and even the whole ofAsia.
Also, Bing City Pharmaceutical Enterprise paid a high amountof taxes to the City Government and had help the government subsidizes manyprojects. Feng Yu had never opposed to these.
This was a company with great potential. The City will notlet Feng Yu become the biggest shareholder. They do not want to see thiscompany becomes another Bing City Machinery, where Feng Yu had the final say ineverything.
This incident was reported to Zhang Ruiqiang by the GeneralManager of Bing City Pharmaceutical. Zhang Ruiqiang immediately called Feng Yuto go over to his office. He also wants to know why Feng Yu felt his medicineformula was worth 200 million RMB.
When Feng Yu arrived at Zhang Ruiqiang’s office, SecretaryLiu immediately prepare a cup of tea for him. He does not want Feng Yu toransack the leader’s cabinet and waste his tea leaves.
Feng Yu looked at Secretary Liu. He was satisfied with him.Look, people need to be trained. This person is so hardworking now. I must alsoget a secretary for myself. But the secretary must be a girl.
Who wants a male secretary? Feng Yu also do not have a lotof work. He had handed over almost all his work to others, and all he had to dowas to sit there can count his money. Every time he looks at the financialreports of his company, he will calculate how much was his share, and he willbe in a good mood.
“Are you also thinking that I am trying to cheat others withthis medicine formula, and it is not worth 200 million?” Feng Yu asked after hesat down.
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