The wealthy entrepreneur: I want to support millions of employees!.
Chapter 1003: January Salary and Benefits Refund! Acquisition of Romi Biotechnology!
Chapter 1003 January Salary and Benefits Refund! Acquisition of Romi Biotechnology!
In terms of salary refunds, Xinghuo Media is far ahead!
Relying on the internet celebrities, live-streaming hosts, stars, and models that have been gradually accumulated and cultivated, Xinghuo Entertainment Group continues to grow rapidly!
Jiuxiang Catering continues to open new branches, having opened more than 100 hot pot restaurants in the last three months!
Since the partnership was launched, the hot pot restaurant has been opening branches at a very fast pace, more than the number of branches opened in the entire previous year. Most importantly, it doesn't tie up company funds!
The biggest expense is probably management training!
Under the Jufan Hotel Management Group, Tiancheng International Hotel has recently gained a good reputation in Fuzhou for its food and sleep aid services. At the end of the year, it hosted many company annual meetings and Su Yang's friends to come and eat. Business was quite good last month, and the staff also received some bonuses!
There aren't many others that are developing rapidly!
In fact, Su Yang hardly acquired any companies in December and January!
The two most important acquisition projects are still awaiting approval from higher authorities for one and ongoing due diligence and evaluation for the other!
However, Su Yang knew very well that February was the expansion period for Jufan Holdings!
Last month he still had 800 million yuan left, and with the 440 million yuan this month, he has more than 12 billion yuan in cash, which is definitely enough for the initial acquisition payment of Romi Bio!
Add 1 Strength point and 1 Constitution point to the body attribute panel, recall the appearance of Jiu Xiang Yong Hao Tian Chen Xi, and the Fish-Flavored Pork Dead Pre-cooked Vegetable Improvement Recipe Card gradually turned into fragments in Su Yang's hands!
As for the other free sports car card, he naturally kept it for himself!
In the following days, "Ne Zha 2" continued to dominate the box office.
Enlight Media's stock price is soaring, and the name "Ne Zha 2" is all over the trending topics!
The co-branded products prepared by Jiuxiang Foods and Sihua Clothing continue to sell quite well.
However, many pirated products have also appeared on the market. They are not pirated Jiuxiang Foods and Hesihua Clothing. They just used the image copyright of "Nezha" without paying the copyright fee!
However, Jiuxiang Foods and Sihua Clothing did not react, nor did they have any ridiculous idea of cracking down on piracy. That's a matter for the copyright holders!
Anyway, they had already taken piracy into account when they bought the copyright.
Otherwise, Enlight Media wouldn't have been sold for just a few million!
The following Monday, Jufan Holdings held another meeting of its subsidiaries.
That afternoon, Su Yang received a message from Cheng Wenhuo that they could acquire Romi Biotechnology!
Su Yang took a deep breath and led his men to Guangzhou, Guangdong Province, the next day!
That afternoon, Su Yang signed an acquisition agreement with several investment institutions, private investors, and original shareholders who had invested in LuoMi Bio.
Jufan Holdings' subsidiary, Jufan Medical Health Co., Ltd., acquired 82.23% of Romi Bio's shares at a valuation of US$600 million, and also took over Romi Bio's debt of RMB 700 million!
Jufan Healthcare will pay 30% of the acquisition price within ten days, totaling RMB 10.4 billion.
Six months later, the remaining 50% will be paid... and one year later, the remaining 20% will be paid as the final acquisition payment!
Su Yang will also pay a certain amount of interest!
After the contract was signed, Su Yang had a meal with several institutional investors and private investors, and promised to help him acquire Xu Cheng, the chairman of Chengshi Pharmaceutical, who was also involved in the acquisition of Luomi Bio.
If his company is short of cash flow, he can make the acquisition payment in advance at his discretion!
Xu Cheng was very happy to receive Su Yang's promise!
The news of Jufan Holdings' acquisition of Luomi Bio was quickly reported.
After all, this involves the acquisition of an innovative drug company worth 3 billion! A 3 billion acquisition is enough to attract the attention of the entire national healthcare industry!
Many medical companies have taken notice of Jufan Medical, a company that looks very new.
However, after learning that Jufan Medical is the parent company of Chuanrong Animal Medical, many people realized what was going on.
Su Yang specifically established a new company to acquire Romi Biotechnology, not only for easier management but also to facilitate the stacking of buffs!
That evening, Su Yang spoke with the remaining shareholders of Romi Biotechnology.
The next day, Su Yang convened a meeting with all of Luo Mi Bio's management, including General Manager Song Mingliang, Vice President Su Yaohui, and senior and middle management from the other six important branches!
LuoMi Bio not only has industries in Guangdong Province, but also has branches and pipelines in Beijing, Jiangsu Province, and other regions. There is also a production base under construction. Otherwise, how could they be so expensive?
Su Yang first stated that shareholders including Su Yaohui have agreed that Jufan Medical will inject 700 million RMB over the next year to bolster the company's cash flow and accelerate the R&D projects of Romi Bio.
Meanwhile, the salaries of RomiBio employees and management will be restored to the level of a year ago!
RomiBio's cash flow is already in a precarious state. If Su Yang doesn't show up, they'll probably have no choice but to continue increasing the company's debt, since the company still has assets in various locations that they can continue to mortgage!
Upon hearing this news, the entire management team and project manager in the conference room were overjoyed!
Even the shareholders are quite happy, even though their shares will be diluted proportionally. After all, if the company goes bankrupt due to a cash flow crisis, all the company shares they hold will be for nothing.
Moreover, those who still hold shares in RomiBio are almost all internal management and R&D personnel. With their salaries restored, they will also receive more pay!
In their eyes, Su Yang was the white knight who came to save the company!
That afternoon, Su Yang began to place several of his own people into the company, mainly in the finance and human resources departments.
However, due to professional barriers and Su Yang's satisfaction with the management of RomiBio, the people he brought were mainly appointed as deputy positions, and he did not carry out any major purge!
However, he did indeed have his eye on several purchasing agents... but that can be done slowly. First, he can ensure a smooth transition for the company and gather evidence. Song Mingliang and his team can handle that.
After these few days of getting to know each other, Song Mingliang is now considered one of his men!
Not long after, Jufan Medical transferred 10.4 billion yuan to the accounts of those investment institutions and investors in accordance with the contract, and Luomi Bio officially became Su Yang's company!
[Ding~ Congratulations on acquiring RomiBio. We've discovered that RomiBio and Chuanrong Veterinary Medicine belong to the same parent company. Would you like to choose to merge with the special buff?]
Su Yang sat on the sofa in the hotel's presidential suite, looking out the window in a good mood.
"Yes!"
[Ding! Your Romi creature has gained a special buff: +50% research ability, +30% medicinal efficacy.]
He glanced at the company's headcount. The combined number of employees at Chuanrong Veterinary Medicine and Romi Biotech was still less than a thousand. But there was nothing he could do about it. Romi Biotech was an innovative drug company with less than four hundred employees!
It's a company that specializes in research and development, so they have high standards for their employees, and the salaries and benefits are also very good!
However, because they only do research and development, they have a relatively small number of employees!
(End of this chapter)
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