"What? Selling Longfeng Pharmacy shares to me?"
Chen Xia was completely bewildered. He couldn't understand why the old man on the hospital bed would have such thoughts. Could it be that his heart disease had caused a lack of blood and oxygen to his brain, and his brain had failed?
"No, no, Grandpa Xu, you worked so hard to build this pharmacy. How can you just sell it like that? Besides, even if you want to sell it, these three uncles won't agree."
Chen Xia shook his head like a rattle.
Now the three brothers of the Xu family are fighting for the family property. This is known to the whole of Hong Kong. What will happen if Chen Xia gets involved?
Don't end up getting into trouble before you get to eat the fat meat.
Is Longfeng Pharmacy considered a piece of fat? At least in Chen Xia's eyes, it's considered a medium-sized piece of fat.
How can a man who can now earn 2 billion US dollars a year still be interested in this "small company" with total assets of only 2 billion Hong Kong dollars?
When Xu Longfeng saw Chen Xia's firm refusal, he felt relieved. If this kid was happy, he would have to consider whether he was inviting a wolf into the house.
"Xiao Xia, listen to me, Longfeng Pharmacy is actually not as glorious as you see.
After all, Hong Kong is a small place, and the scale of our pharmacy expansion is limited. We've reached our ceiling. Furthermore, in the past few years, due to issues with our business philosophy, we only bought stores, not rented them, which put us under tremendous financial pressure.
But we were unlucky. Hong Kong's property market had been falling since 1985, which caused our company's assets to shrink by half. I had to sell 6% of my shares to compensate other shareholders.
The Hong Kong market is so small and the competitive pressure is enormous. I have been unable to cope with it over the years. Now you can see that if I fail, none of your three uncles will be able to take over the company.
Rather than letting someone else take over for free, why not take it over now? But you have to give me a fair price. I'll use the money to set up a family trust fund and pay my three sons monthly salaries to prevent them from squandering the entire fortune."
Xu Longfeng's words already implied that he was entrusting his son to someone else.
In Mrs. Xu's words, no matter what, the property will be given to the children, so the old man wants to distribute the property in the safest way while he is still alive.
Establishing a family trust is very popular in capitalist countries. It is to prevent descendants from squandering money. Instead, they would rather give a monthly sum of money over a long period of time to ensure the longevity of the family.
Chen Xia swallowed and looked at his great-grandfather and aunt.
My aunt nodded.
Great grandfather shook his head.
Now Chen Xia was even more confused. Who should he listen to?
In the short term, the acquisition of Longfeng Pharmacy is actually not of much use to Chen Xia. In Xu Longfeng's words, Hong Kong is too small and the market size is very limited. The ceiling is there, and it is difficult to achieve anything big.
But for the reborn Chen Xia, the Hong Kong market is small, but the mainland market is not small.
So far, there is no national chain drugstore in the mainland, and this market is still blank.
Chen Xia has no experience in running a pharmacy. If he can acquire Longfeng Pharmacy now, he will only need to copy the management experience accumulated by Longfeng Pharmacy over the years to the mainland.
At the same time, Longfeng Pharmacy can train relevant talents, and with the strong capital of Four Seasons Group, it can immediately occupy the entire mainland market.
Don’t underestimate chain pharmacies. As the second largest terminal for drug sales, pharmacy retail occupies a very important position in the drug consumption market.
Haven't you seen that in the streets of later generations, the most common thing is training classes, followed by real estate agencies, and then various pharmacies?
The industry that everyone invests the most in must be the most profitable industry.
In 2020, the terminal sales volume of domestic retail pharmacies reached 435.7 billion yuan. Is this market big?
The key is that Longfeng Pharmacy can make up for the shortcomings of "Four Seasons Group" in the pharmaceutical sector.
By then, the "Pumpkin Vine Pharmaceutical Factory" will produce medicines, and "Four Seasons Hospital" and "Longfeng Pharmacy" will be opened all over the country. In this way, the entire process from "production" to "channels" to "terminals" will be in our own hands. This is the development of the entire industrial chain.
By cutting out the middlemen and making the difference, how much profit can be created for the group every year? It is simply a giant crocodile.
Moreover, since Pumpkin Vine Company is an overseas company, it is registered in the Cayman Islands, the group headquarters is in Hong Kong, the chairman and president are both from Hong Kong, and the employees come from all over the world.
This company has little to do with Red China, so this model can be promoted all over the world without being restricted.
The Hong Kong market is small, the Chinese market is large, and the global market is even larger.
Thinking of his own industrial layout, Chen Xia also gritted his teeth. Whether the three brothers of the Xu family scolded him or not, it would be better to let him benefit rather than let others benefit in the future.
"Grandpa Xu, if you are really willing to transfer the shares to me, I can buy them at a 50% premium. The name of Longfeng Pharmacy will remain unchanged, and the founder will always belong to you. How about that?"
Xu Longfeng's eyes flashed, "Chen Xia, you are so courageous!"
This price was beyond everyone's expectations. Others in business negotiations would at most offer a premium of 10% or 20%, so a 30% premium would be a huge increase.
After all, Longfeng Pharmacy is not a high-tech industry that is highly replicable. They currently have many internal problems and cannot be considered a good asset.
Chen Xia offered a 50% premium in one go. I wonder if he is really stupid or smart?
Chen Shuqin standing by was stunned. This guy asked for a 50% premium, which meant that Longfeng Pharmacy would have to spend an additional HK$1 billion to acquire it from its original size of HK$2 billion.
One billion! This is really like treating Hong Kong dollars as nothing. Is this nephew getting carried away?
Too much money to spend?
So from the group's perspective, Chen Shuqin did not agree with this acquisition.
Even Chen Defa was so anxious that he scratched his head and cheeks, and kept making faces at his eldest grandson, signaling him to calm down and not agree easily.
The price is too high for one thing,
The most important thing is that he doesn't want outsiders to misunderstand that the Chen family has swallowed up the Xu family's property. It would be too ugly to say it out. Everyone in Hong Kong knows that the Xu and Chen families are usually in the same boat.
Then the three sons of the Xu family came in. As you can imagine, when they heard that their father was going to sell all the shares, they strongly opposed it.
What were they fighting over, all this time? Wasn't it all about the shares in Longfeng Pharmacy? Wasn't it all about wanting to be the chairman of a listed company?
Now someone else is getting the advantage? How can I tolerate this?
For a moment, the three brothers who had just fought each other united together:
"Dad, are you kidding me? You're still alive, you have three sons, and you have your eldest son and grandson by your side. And now you want to transfer your company to an outsider?"
As soon as Xu Qibi finished speaking, Xu Qilian also hurriedly spoke:
"It doesn't count. My father must have a brain problem due to his illness. This decision is definitely invalid. We, the family, object and ask to change hospitals."
The two sons jumped up first.
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