Chapter 108 Settled in the Bay Area
After selecting the area, Meng Qian would consider the specific city next. The Bay Area has hundreds of towns, which are under the jurisdiction of nine counties. Administrative division is the first concept of chaos after coming to the United States.◇↓Because in China, cities govern counties, while in the United States, counties govern cities.
For example, San Jose City is under the jurisdiction of Santa Clara County, and there are other cities of different sizes under the county. But it is not very correct to define this, because there are also separate cities in the United States, such as San Francisco City, which is the core of the Bay Area, so it is your own management.
Meng Qian couldn't help but become messy, and then he encountered the American judicial system, state laws, county laws, and some even conflicts. If the administrative division has little impact, regional laws require him to consider comprehensively when choosing an investment city.
Fortunately, Wang Yang, a local girl, helped, lawyers and consultants, and answered a lot of questions. In the end, Meng Qian established Fargo Dynamics, and the group branch was selected in Oakland - it is located in the eastern part of San Francisco Bay, a city on the east coast of San Francisco Bay, with many technology companies.
FF Group has invested heavily in it, spending $2 billion on it, intending to rent the entire office building directly, and it is best to build a small experimental factory. However, the details must be made after the people from the head office come and make specific plans, and he is only responsible for guiding the way.
After the establishment is made, he will communicate with the country.
"The investment location has been decided. A city in the San Francisco Bay Area called Oakland is very close to Tesla's factory. The local government will provide a lot of convenience. After the domestic senior management is ready, let's leave as soon as possible. I have too few people here and can't take care of too many things."
"The visas for some overseas personnel have been completed and they will leave next week." Zong Yan said on the phone that he is also very concerned about the company's overseas development progress.
"Very good." Meng Qian said, "keep in touch with me."
The remaining investment is in the pharmaceutical industry. Because it is mainly for technological research and development, the location selection must be considered carefully and daily administration must be taken into account. He considered setting up in the city center. San Francisco is a good choice. There are prestigious universities around it that produce top students and there are a lot of talents.
Of course, the matter of pharmaceutical companies is still too urgent. Meng Qian can use only one person now. She is a newcomer and still has to learn. As her personal assistant, she first divides the work with him. Meng Qian handles business and she is responsible for life.
Currently she is running around with Wang Yang. She is responsible for work like logistics, such as residence, travel vehicles, immigration issues, and even details such as food, clothing, housing and transportation in the United States. Wang Yang is a patient girl and will fully introduce her requirements and questions.
Putting aside the details and trivial matters, Meng Qian focused on his career.
There are no differences in cooperation. At present, lawyers from both sides are checking the agreement and identifying loopholes. Meng Qianze and Tiger Stone were sitting and chatting with tea. The location was located in a shopping mall in San Francisco. Outside was the bustling bay and dock, and the vast ocean was in sight.
Tiger Stone said: "You must have time to adapt when you just came here. I have something else to do. We will talk about artificial intelligence cooperation in half a month. Do you think?"
"Yes." Meng Qian nodded. He is indeed very busy now. FFG wants to develop overseas, pharmaceutical companies need to be established, and the foundation needs to be established. In life, food, clothing, housing and transportation must be familiar with it. After all, this is a strange society, and you must learn English well... Half a month is not necessarily enough.
"That's longer." Tiger Stone put down the teacup, "I'm not in a hurry. This is a colorful society. You can't just think about work, but you have to combine work and rest."
Meng Qian smiled and said, "I will."
Tiger S said further: "I heard from Erica that you should also devote yourself to the pharmaceutical field?"
Meng Qian didn't intend to conceal: "I have been engaged in generic drugs in China and have several new drugs in my hands and want to promote them to Europe and the United States."
"The review standards in the United States and the European Union are very strict, and cooperation between drug clinical and hospitals also needs to be established..." Tiger mentioned some key points.
Meng Qian did not retreat: "I know the first step will be difficult, but someone has to try it."
"No," Tiger nodded.
While chatting, the contract is handled properly.
After both parties confirmed that there was no problem, they started signing the contract. Meng Qian would transfer 10% of the shares to the other party for US$3 billion. The other party would pay 500 million US dollars in cash and the remaining US$2.5 billion will be reached by replacing the shares of Onix Pharmaceutical, about 2.5%.
Although not all cash payments, based on actual conditions, not many companies give US$3 billion in cash at one go, and more are mainly replaced by shares. This transaction allowed Meng Qian to hold 2.5% of the shares, becoming the sixth largest shareholder of Onix Pharmaceuticals, and the stock price in his hands is still rising.
Meng Qian once studied that Onix Pharmaceuticals is very strong, especially biopharmaceuticals. Just after they successfully reached a pharmaceutical cooperation with China, the stock price rose sharply that day. This 2.5 billion shares will sooner or later become more valuable. Not to mention, Meng Qian values connections.
Close cooperation is always two-way. The Stone family holds shares in his company, and in turn he also holds shares in the other party. This connection is deeper. Not to mention the far-reaching, it is said that Meng Qian plans to invest in pharmaceutical companies in the local area, and in terms of experience and resources, he needs the help of giants.
"Happy cooperation!" Tiger Stone took the champagne delivered by her assistant.
"Happy cooperation!" Meng Qian clinked glasses with him.
"If you have any needs for manpower in the future, I can ask my assistant to help you." Tiger Stone introduced, and the black-haired white man took out his business card.
"This is my business card, Mr. Meng." said the white man.
Meng Qian exchanged business cards with him and glanced at Richard Ralph, who said in English: "I'm afraid I'll often need your help during this time."
Ralph sorted out his meaning: "It's my duty."
Meng Qian was not polite, he really needed help.
For example, the location selection of a pharmaceutical company, the company's application for jobs, the recruitment of assistants, and the business assistant are urgently needed. He needs to be familiar with the American environment, economy, law, etc., and it is best to be a person who can speak some Chinese. Of course, it doesn't matter if he doesn't. He just treats it as training his English.
After the establishment of the cooperation between FF Group, it will be its subsidiary's turn.
Fuguo Power has long been registered and established. It is an offshore company registered with BV and is 100% owned by the group.
But for the time being, Meng Qian split the two subsidiaries, on the one hand, to ensure profits and make the company's accounts clearer; on the other hand, Fuguo Power does not consider profits in the short term, and he needs to continuously invest its revenue in the new energy market and expand it again and again.
Fuguo Dynamics’ primary goal is not to make money, but to seize the market.
The conflict between Toyota technology and them allows Meng Qian to prevent problems before it happens. Currently, many companies are studying new system batteries, graphene, aluminum, etc. Once they make a breakthrough, they will definitely have an impact on the group's hegemony. They need to rush ahead of everyone and occupy more shares.
If you want to be ahead of your opponent, it needs to absorb a lot of capital.
To promote the development of the new energy industry, it is not possible to do without strong partners and funds. Especially when competitors are eyeing each other, Meng Qian's plan has been changed again and again. As long as the group has more than 51% of the voting rights, the remaining shares can be held by external capital.
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Chapter completed!