Chapter 448: Acquiring a pharmaceutical company, will you become an invading barbarian?
Ahri Headquarters.
Like the second master, he was also very depressed when faced with the sudden counterattack of Qingcheng Taxi.
"Why did everything go so wrong all of a sudden?"
This is like saying that you were already confident of winning, or even picked the fruits of victory, but were suddenly snatched away from the basket by your opponent.
Very angry!
Ke Gui Qi, faced with the dimensionality reduction attack of Qingcheng Taxi, KuaiDi was very powerless.
Because there is no solution at all!
"Boss, I think it's time to consider the possibility of merging Kuaidi and Dida." Seeing this, Ren Xiaoyao made a relatively pragmatic suggestion.
If there is no further action, Qingcheng Taxi will dominate the online ride-hailing market.
How can this be done?
"I have received news that many online ride-hailing drivers under Kuaidi, when considering taking a full-time career route, almost all choose to go to Qingcheng to take a taxi."
Since part-time jobs don’t make money, it is almost inevitable for online ride-hailing drivers to take a full-time job.
This is also the result of natural screening in the industry.
The formal employee labor contract provided by Qingcheng Group and the ability to pay social security on time are undoubtedly fatal temptations for full-time online ride-hailing drivers.
No one would turn down a guaranteed company.
Qingcheng Taxi has won over taxi drivers with one hand and full-time online ride-hailing drivers with the other. If things go on like this, one company will eventually become the dominant one and gradually squeeze Kuaidi and Didi out of the market.
At least for now.
After the subsidy was stopped, Didi and Kuaidi had no competitive advantage over Qingcheng Taxi.
This is also the inevitable result of the lack of core technology.
"talk later!"
Regarding cooperation with Tengda, I still have some instinctive resistance.
………
Monday, April 14th.
In the past week, in addition to the sudden end of the taxi-hailing war and the shocking counterattack of Qingcheng Taxi-hailing, many interesting things also happened during the period.
For example, on April 8, WeiRuan stopped serving, and XP, which had gone through 13 years, officially withdrew from the stage of history and became the memory of a generation.
On the same day, the first round of agency rights for "Subway Surfers" owned by Blue Bird Interactive Entertainment also expired.
A new agency cycle is ushering in.
Although three years have passed, the vitality of "Subway Surfers" is still strong, especially in overseas markets. It still ranks in the top ten of major lists all year round, and its ability to attract money is still full.
It also reflects from the side how terrifying Jade Bird Interactive Entertainment, which has taken all the dividends in the mobile gaming era, is.
It's really like a money printing machine.
In addition to the expiration of the old mobile game agency rights, Jade Bird Interactive Entertainment has basically maintained the rhythm of launching at least one new game every month. Just last Friday, it released another new game - "Azur Lane".
This is a real-time naval battle mobile game with anthropomorphic battleships. Original Time and Space started public beta testing on all platforms in June 2017.
The game is based on the anthropomorphic theme of military weapons. Players can collect and develop powerful characters and equipment through rich gameplay such as main levels, daily dungeons, actual combat exercises, and ship building.
Manually operate your own fleet and conquer the world.
Naval battles are just a gimmick in "Azur Lane". The essence is to cultivate various ship girls. The exquisite painting style, coupled with the blessing of the second dimension, will undoubtedly attract many LSPs to join the game.
In terms of overall reputation, "Azur Lane" absolutely ranks first among Chinese two-dimensional mobile games.
As the saying goes, those who win LSP win the world. With the strength demonstrated by "Azur Lane" in the two-dimensional field, it will definitely help the recharge flow of Jade Bird Interactive Entertainment.
It is almost easy to make over 100 million yuan in sales in a single month.
In addition to these, the biggest news in China's Internet industry in the new week is probably that the bib has previously announced that it will be listed in the beautiful country on Thursday, the 17th.
Bibo is also expected to become the first Chinese social media to be listed globally.
After the launch of the original space-time scarf in the beautiful country, the market value once reached 30 billion U.S. dollars at its peak, but then it surged and fell back, and finally the market value was reduced to less than a quarter of its peak.
You can see how much water there is in it.
The most disgusting thing is that after the scarf was launched, with the support of capital, it increasingly moved towards a "hotspot social" operating model and regarded it as its core competitiveness.
The abnormal development of rice circle culture in the original time and space is also inseparable from scarves.
Of course, I got slapped in the end.
But no matter what, as one of the major investors of the bib, Ali will become one of the biggest winners when it comes to the listing of the bib, and it will create a new sense of existence.
………
After reading the news and reading the work briefing, Zhang Shuo came to the small conference room next door.
As soon as they entered the conference room, all the executives, led by Lu Kai, laughed and applauded. The reason was, of course, to celebrate Qingcheng Taxi's shocking counterattack.
Executives are very aware.
Faced with the subsidy war launched by Dida and Kuaidi, Qingcheng Taxi took a series of response measures, including not participating in subsidies, cooperating with taxi companies, advocating strengthening supervision, and making online ride-hailing drivers on-the-job.
Almost all of them are by Zhang Shuo.
There will also be a follow-up decision to spin off Qingcheng Taxi and introduce urban investment institutions from various provinces and cities.
To be honest, during the implementation of these measures, we encountered a lot of help and confusion. Even Wang Xin, the president of Qingcheng Group, expressed his dissatisfaction in private.
Fortunately, Lu Qi finally withstood the pressure and implemented all Zhang Shuo's ideas.
Looking back afterwards, the series of measures proposed by Zhang Shuo were almost a stroke of genius for Qingcheng Taxi, establishing Qingcheng Taxi’s current dominant position in one fell swoop.
How can you not worship?
Just last week, as soon as Qingcheng Taxi counterattacked, Wang Xin rushed from Yangcheng to the headquarters of Germination, personally apologized to his direct boss Lu Qi, and at the same time made a review to the big boss Zhang Shuo.
The noise on the Qingcheng Group's board of directors was also cleared away immediately.
Perhaps, it was not until this moment that the Qingcheng management team, including Wang Xin, truly realized what the core values Zhang Shuo had previously established for Qingcheng Group actually meant.
What kind of magical power does it have?
The cohesion of Qingcheng Group also reached its peak again at this moment.
After the simple ceremony, the meeting got down to business, with group president Lu Kai focusing on reporting on the latest progress of some recent investments and mergers.
"Last Thursday, the group headquarters, on behalf of Nebula Group and United Dream Fund, officially signed an acquisition agreement with Mada Qiqi. The purchase price is US$500 million. Nebula Group holds 45% of the shares and Dream Fund holds 55%."
That is to say.
For the acquisition of Mada Qiqi, Nebula Group only needs to pay US$225 million.
Equivalent to about 1.5 billion funds.
It can be seen that Mada Qiqi itself is not valuable, with a market value of less than 3 billion.
The acquisition price of US$500 million is already a premium acquisition.
In the final analysis, although Mada Qiqi has a glorious history, it is a company that is in decline, otherwise it would not be sold.
The most valuable part of Madasiqi is not the orders or technology, but a large number of excellent engineers and long-term accumulated experience in aero-engine research and development.
Especially the latter is the most precious and what China lacks the most.
The design, research and development, and production of aeroengines are all a long-term process of technology accumulation, and there are basically no shortcuts.
Using doctrine becomes even more precious at times like this.
"Signing the acquisition contract is only the first step in this acquisition, and it is not time to celebrate the victory. Next, the most critical thing is to transfer Mada Qiqi's production line, technical data and engineers, and even some supporting equipment as soon as possible.
All factories were relocated to the Shancheng aviation engine production base."
Zhang Shuo knew very well that the digestion of Mada Qiqi was the real essence of this takeover battle.
You may fall short at any time.
"The Shancheng aviation engine production base must also advance simultaneously and rapidly, increase capital investment, speed up the recruitment of relevant personnel, and strive to achieve initial success within one year."
Zhang Shuo turned around and told Gu Mingzhang.
The failure of the Chinese company's acquisition of Mada Qiqi in the original time and space was due to the repetition on the part of Jifu Ross and another very important factor, which was the company's own lack of strength.
The starting point is also very impure.
The company's acquisition of Mada Qiqi is not really a bet on the aero-engine industry, but is just a gimmick to sell the concept so that the parent company can facilitate financing.
This also leads to saying.
The company's so-called investment of 20 billion in mountain cities to build an aero-engine production base is a complete scam. It has done nothing except defrauding local subsidies.
Sadly, similar scammers and skinny companies are not uncommon in China.
Fortunately, God is sovereign and will not retaliate.
In the original time and space, the company finally tasted the bitter fruit and eventually reached the tragic ending of bankruptcy.
Germination will never repeat the same mistakes.
Especially at the moment when the sprouting group has the most abundant funds, Zhang Shuo is determined to spend 20 billion in real money on this production base.
If it is not enough, you can continue to invest more in the future.
With the current strength of the Sprout Group, it is completely possible to continue to inject blood into the Nebula Group without having to worry too much about profitability, so that it can plan the R&D and production of aero-engines in the long run.
This is the right way!
"Chairman, please rest assured that the Shancheng aviation engine production base project has completed site selection, land delivery and exploration work, and is currently in the detailed design stage."
"Within one year, the entire base project will begin to bear fruit."
Gu Mingzhang also gave a guarantee.
After all, China is a madman for infrastructure construction. As long as the construction funds are sufficient, whether it is roads, water and electricity and other basic supporting facilities, or factory building construction, including the installation and debugging of production lines, etc., it can be carried out very quickly.
The construction speed is absolutely beyond imagination.
"That's good!"
With Gu Mingzhang's guarantee, Zhang Shuo felt relieved and said with a smile: "When the base is laid and the foundation is laid, remember to inform me that I will be there in person to participate."
Doing this is of course also a demonstration of budding sincerity to Shancheng.
"Of course that's perfect."
Gu Mingzhang was also very excited. He was very aware of the influence of the big boss.
Definitely the top of the top.
With Zhang Shuo's personal endorsement, Nebula Group will definitely be able to avoid many detours and unnecessary troubles in the subsequent negotiations and cooperation with Shancheng.
Lu Kai then reported, took out a list of pharmaceutical companies, and introduced: "According to the spirit of the chairman's instructions, the group plans to acquire a large and medium-sized pharmaceutical company to get involved in the biopharmaceutical industry. This is after inspection and screening by the Investment and M&A Department
After that, three more suitable acquisition targets were identified.”
Zhang Shuo took over the list and immediately locked onto Hengrui Pharmaceutical, which was ranked last.
Because I have an impression!
Hengrui Pharmaceutical is headquartered in Haizhou City, Jiangbei Province. It is mainly engaged in the research, development, production and sales of anti-tumor drugs, surgical drugs and imaging interventional products.
This is also a fantastic company, at least in the stock market.
Hengrui Pharmaceutical's market value exceeded 400 billion at its peak, and it was known as Moutai in the pharmaceutical industry. Its cumulative value-added exceeded 100 times, directly benchmarking the pharmaceutical giant Zhengyuan in the United States.
Then, in just two years, the market value was cut in half, leaving just over 200 billion.
And in 14 years.
At this current point in time, Hengrui Pharmaceutical's market is expected to exceed 46 billion.
That is to say.
Even though the stock price is at a low level, the market value has increased more than five times compared to 2014.
The crazy feedback from the stock market in the following years, although it cannot represent everything, also reflects from the side that Hengrui Pharmaceutical is a genuine pharmaceutical company with huge potential.
Moreover, the plummeting share price of Yuanshikong Hengrui Pharmaceutical is also related to the centralized purchasing environment.
"Just Hengrui Pharmaceutical!"
Zhang Shuo once again activated his "Prophet" talent and used an arbitrary move.
"OK."
Lu Kai also followed the good advice and specifically explained to other executives present: "Among the three pharmaceutical companies, although Hengrui Pharmaceutical has the lowest valuation, it has a very significant advantage, that is, it attaches great importance to research and development. And it is
Focusing on research and development, especially the research and development of new drugs, has never stopped."
The implication.
The characteristics of Hengrui Pharmaceutical are also the most consistent with the corporate value orientation of the Germination Group.
Indeed a suitable acquisition target.
"But Hengrui Pharmaceutical has been listed in Shanghai since 2000, and its shareholding structure is relatively dispersed. It would be difficult to acquire it, right?" Lu Qi asked.
Although Hengrui Pharmaceutical originally emerged from the industry 17 years later, in fact, it is an old Chinese pharmaceutical company, founded in 1970, and it still has a lot of background.
Going public in 2000, I’m not too anxious.
"Trouble is definitely trouble, but it's not a big problem."
Lu Kai does it with ease, not to mention that he often did this kind of work when he was in the Thieves Group. Even after he came to the Germination Group, he also handled many acquisitions of listed companies.
For example, it teamed up with Ali to privatize and delist Artemisia Map.
"The initial plan is to first acquire the circulating shares of Hengrui Pharmaceutical through dozens of investment companies, and then launch a tender offer for Hengrui Pharmaceutical when the share capital reaches or approaches the critical point that requires disclosure."
According to stock market rules, a single investment institution needs to disclose its share capital if it exceeds 5%.
But if several or even dozens of companies operate simultaneously, theoretically, the share capital needs to reach or exceed 30% before it needs to be disclosed to the outside world.
The reason why it is said to be theoretical is that the circulating shares of Hengrui Pharmaceuticals are limited in nature, and more than 60% of the share capital is in the hands of the top ten major shareholders.
If we really want to absorb it on a large scale in the secondary market, it will inevitably cause abnormal fluctuations in stock prices.
I can't hide it even if I want to.
Moreover, this kind of operation takes a long time and is not in line with the style of the Sprout Group.
Therefore, while absorbing circulating shares in the secondary market, Sprout Investment can also contact the major shareholders of Hengrui Pharmaceutical to explore the possibility of directly acquiring the shares from the major shareholders.
Wait until the end to launch a takeover bid for Hengrui Pharmaceuticals.
"For this acquisition of Hengrui Pharmaceuticals, the group does not seek to acquire 100% of the shares. It only needs to hold more than half of the equity, even if the predetermined target is achieved." Zhang Shuo also lowered the acquisition threshold in a timely manner.
He does not want to say that Germinal Group becomes a barbarian in the pharmaceutical industry.
It's aggressive right from the start.
The internal interests of a long-established enterprise like Hengrui Pharmaceutical are intertwined. In addition to founder Sun Yang, other major shareholders include some investment institutions in Haizhou, the pharmaceutical industry, and the financial industry.
Many have official backgrounds.
Therefore, Zhang Shuo originally did not expect to acquire 100% of Hengrui Pharmaceutical, especially the founder Sun Yang, who played a decisive role in the development of Hengrui Pharmaceutical.
He must stay and be entrusted with important responsibilities.
"My suggestion is that this acquisition of Hengrui Pharmaceuticals should not be in the name of the group headquarters, but register another group subsidiary to be fully responsible for the group's pharmaceutical business."
In addition to biopharmaceuticals, when conditions are mature in the future, Zhang Shuo also wants to acquire one or two companies engaged in the research and development and production of medical devices to make up for Huaxia's shortcomings in this area.
You know, China imports an astronomical number of advanced medical devices from overseas every year.
The future is definitely promising!
The so-called mature conditions do not mean lack of money, but that we must follow the principle of gradual progress.
First implement the acquisition of Hengrui Pharmaceutical, and then consider expanding the segmented business in this field after actually getting a ticket to the pharmaceutical industry.
Instead of doing it all as soon as it comes up, buying and buying everything, pursuing a big and comprehensive approach.
If you take too big a step, you will pull your balls.
"Well, the newly established group subsidiary is called Qing Ning Group. In addition to the future holding of Hengrui Pharmaceutical, some pharmaceutical companies previously invested by the group have also been transferred to the Qing Ning Group."
In this way, the various business lines of the Sprout Group can be straightened out and no overlap will occur.
At the same time, this is also the continuation of the "decentralization" strategy of the Sprout Group. The group headquarters mainly manages assets, and specific business lines are all delegated to the subsidiary level.
When each group subsidiary can operate independently, Germination will be able to hide behind the scenes.
Not too conspicuous!
Although the second uncle had promised before, saying that as long as the operations of the Sprout Group are compliant and legal, no matter which industry it is involved in, no matter how big the scale is, there will be no problem.
But you still need to pay attention.
Zhang Shuo himself does not want to be the focus of constant attention or even vigilance.
How tiring is that life?
"Well, Chairman, who is specifically responsible for the business of the group's pharmaceutical sector?" Lu Kai asked for instructions.
After all, this is a new business.
Although Senior Vice President Gu Mingzhang is in charge of manufacturing, the pharmaceutical sector does not seem to have much to do with manufacturing, and the burden on Gu Mingzhang's shoulders is already heavy enough.
It is really inappropriate to add new responsibilities.
"You should be personally responsible for the preparation of Qing Ning Group in the early stage, and we will talk about it later."
Zhang Shuo's preferred candidate for president of Qing Ning Group is actually Sun Yang, the founder of Hengrui Pharmaceutical. However, the acquisition of Hengrui Pharmaceutical has just started, so it is not appropriate to be too confident.
The only option is to press the button first.
In the future, Qing Ning Group must also follow Sun Yang’s professional advice on how to get involved in the medical device sector.
This is also very important.
Even the acquisition of Mada Qiqi and the preparation for the establishment of Nebula Aviation Engine Co., Ltd. were backed by Nebula Technology, and professionals like this were behind the scenes.
Otherwise, Zhang Shuo would not dare to be so radical.
"OK!"
Lu Kai also readily agreed. The preliminary work of Qing Ning Group, including the acquisition of Hengrui Pharmaceutical and the straightening out of the equity relationship with Sprout Investment, were all within the scope of his business responsibility.