242: Chapter 242: Beautiful Prairie 242: Chapter 242: Beautiful Prairie The enthusiasm of the Mongolians is irresistible, with fragrant roasted lamb legs, stewed wild rabbit, wild pheasants, mare’s milk liquor, and Mongolian girls singing and dancing.
That night, everyone, including Yusuf Zuck and a few won, got drunk, with the only sober one being Faye Webb, who can hold her drink to the point that she outdrank all the Mongolians.
Early the next morning, Yusuf Zuck woke Marlon Shepherd, Jero Hart, and Faye Webb up, then took them and Sonny King and his wife to the pharmaceutical factory.
As for Sara Zuck and the others, having drunk too much and feeling exhausted the night before, Yusuf Zuck let them sleep until they woke naturally, and had arranged for soone to accompany them on a tour upon awakening.
Hinggan Pharmaceuticals is located in the suburbs of Ulan Chabu, covering an area of about fifty acres.
The factory has production workshops, assembly lines, both manual and chanical working areas—it’s well-planned, with workers’ dormitories, a canteen, a R&D departnt, among others.
However, the factory was currently shut down, with the sales departnt working overti.
This was due to a large number of distributors returning various categories of dicines, and so of the factory’s workshops and warehouses had been sealed by the quality inspection departnt.
“What we are facing now are hefty fines and compensations but, of course, the factory has not closed down.
As long as we get through this rough patch, everything will be alright,” Sadie Blevins said, walking and introducing everything in the factory.
She detailed the founding of the business, how they expanded operations, established a good reputation, and how the business collapsed overnight due to quality issues—leaving nothing unsaid.
No one dared to take over or invest in their pharmaceutical factory now, or else they wouldn’t have had to seek help from strangers in the capital, reaching out to Everest Zuck.
“The local governnt, in principle, is pushing for rectification and only after everything is dealt with will they discuss the resumption of work.
However, resuming work should not pose a major issue, given that we are also one of the city’s major taxpayers.”
“We rely on the Great Prairie internally and have the Greater Hinggan Range externally, so there is no lack of dicinal materials.
In recent years, our factory has been promoting traditional Chinese dicine preparations.
The sales of products such as Kidney Fortifying Pills, Calming Liquid, and other pure traditional Chinese dicine preparations are quite good.”
“Let’s go to the eting room.” After touring the factory, Yusuf Zuck suggested heading to the eting room, as he had already decided to invest.
However, issues such as how much to invest, and how to distribute shares, still needed negotiation with the other party.
Several vice-presidents and managers of Hinggan Pharmaceuticals also joined the negotiation.
By ten o’clock in the morning, the eting room was closed.
Of course, the main representative of the negotiation was Sadie Blevins, who had the final say.
As soon as the eting began, Sadie Blevins proposed her terms.
First, Yusuf Zuck was to acquire fifty-one percent of the shares for four billion yuan.
Second, the CEO of Hinggan Pharmaceuticals had to remain Sonny King, with Sonny King in charge of the production, operation, and sales.
But Yusuf Zuck could appoint a vice president to assist Sonny King.
Yusuf Zuck did not understand operations or managent, but on the way there, he set his bottom line at 350 million with Marlon Shepherd.
While Sonny King could continue as the CEO, it was mandatory to establish a company board of directors, and he would be the chairman.
Major decisions about the factory had to be endorsed by him.
Marlon Shepherd acted as the negotiation representative, exchanging conditions and perspectives back and forth with Sadie Blevins.
The reason Yusuf Zuck established the chairman position was actually to check Sonny King.
You can call the shots on factory operations, and I won’t interfere with production, but for major matters, the chairman’s word is crucial.
Without the chairman’s approval, nothing goes ahead!
He might not be knowledgeable in business, but he had to have the final say.
Otherwise, if he invested so much money and still had no say or control, it would just be benefiting soone else, right?
Marlon Shepherd and Sadie Blevins negotiated back and forth until just after twelve o’clock at noon before they reached an agreent, which was aligned with Yusuf Zuck’s wishes.
However, Sadie Blevins added a chanism for expanding board mbers—aning those who made significant contributions to the factory could be rewarded with a portion of shares by two major shareholders.
Additionally, part of the factory’s managent would be eligible to sit in on board etings with voting rights.
Of course, this was also a tentative cooperation, having only signed an intent letter rather than finalizing any agreent.
At one in the afternoon, after returning to the villa, they held a grand cocktail party, which was attended by city leaders too, since this was considered attracting investnt.
Expanding the business could solve employnt issues and increase tax revenue, so it was natural for the responsible departnts to attend and show their support.
Marlon Shepherd rushed back to the capital that very night, for the intent letter had been signed, and now it was ti to proceed with the official shareholding agreent contract.
And with the signing of the contract, the money had to be in place.
Marlon Shepherd had not been idle these past few days, as he had been preparing to set up a new company.
Therefore, he had also invited so industry insiders, so he returned to draft the relevant terms of the agreent and would later bring his own team over.
Yusuf Zuck, having nothing pressing on his hands, took Jero Hart, Sara Zuck, and others to go sightseeing.
There were vast and boundless grasslands, hot springs, and licensed ga reserves among other attractions, so the whole weekend was spent in high spirits by everyone.
However, the expenses for Yusuf Zuck and his group’s excursions were not covered by Sonny King and his wife, since they were going through difficult tis; the fact that the head of a large pharmaceutical factory drove only an old Jetta was embarrassing to say the least!
Of course, while Yusuf Zuck played, he did not neglect serious matters; he phoned Everest Zuck in the capital to start promoting on the dia, and even to run ads during the pri ti on CCTV, among other things.
In short, Yusuf Zuck ant for Everest Zuck to assemble a planning team for him, as he needed to ensure the pharmaceutical plant was quickly set on the right track.
During this ti, Jero Hart also had a private conversation with Yusuf Zuck, expressing his desire for a technical shareholding.
The so-called technical shareholding ant transferring the Hart family’s exclusive secret recipe to the pharmaceutical factory to manufacture and sell as a finished dicine.
Yusuf Zuck listened carefully to his ideas and opinions and found them feasible.
Moreover, Jero Hart guaranteed with hand on heart that the dicine, once launched, would definitely be a sales hit and would surely establish the pharmaceutical factory’s brand and reputation.
In fact, this Xing’an Pharmaceuticals really lacked its own brand of dicines.
What they produced were common dications available on the market, manufactured by every pharmaceutical company.
However, Jero Hart’s dicine was proprietary, nad “Qi-Moving Pills,” which could cure gastrointestinal colds with just one dose!
Yusuf Zuck and Jero Hart talked late into the night, but giving Jero Hart shares was out of the question, for if he did, Yusuf Zuck would no longer be the primary shareholder.
Likewise, Sadie Blevins and her husband couldn’t possibly give shares to Jero Hart.
Therefore, they decided to pay a commission based on sales revenue, with a seventy-thirty split, seventy for Yusuf Zuck and his team, and thirty for Jero Hart alone.
Keep in mind, this thirty percent was no small sum, especially since Yusuf Zuck’s team had to handle advertising and source raw materials, while Jero Hart only provided the secret recipe.
This was also because Yusuf Zuck trusted Jero Hart.
Otherwise, no other pharmaceutical company would dare to do such a thing.
“Boss, soone’s looking for you.
They went to Fengdu and were stopped by Qiu Wu,” Samuel Ross reported as he ran into Yusuf Zuck’s room with the phone early the next morning.
“To Fengdu to find ?
Who is it, and why?
I haven’t been working there for ages,” Yusuf Zuck said, puzzled at how soone could still be looking for him in Fengdu.
“Says his surna is Hong, called Hong Shaolong.
Qiu Wu left their number, asking if you’d like to contact them!”
“Hong Shaolong?” Yusuf Zuck was stunned for a mont, then quickly soone ca to mind.
“I rember now.
Last ti when I went to Zhonghai, on the plane—Scarlett Wolfe’s father!” Yusuf Zuck suddenly recalled the man.
He had saved a little girl nad Scarlett Wolfe on the plane, and her father was nad Hong Shaolong.
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