After hearing Park Jin Hyuk's words, Mao Dayong felt like he was hit by a wake-up call.
He also understood that after coming to DS Pharmaceuticals, faced with various uncontrollable problems, he became depressed and had no fighting spirit.
He didn't expect that Park Jin Hyuk, who was more than 10 years younger than him, would bring him hope again.
"Increasing production capacity was actually part of my plan. I will immediately re-plan it after returning to China."
"That's great."
Park Jin Hyuk said to him with a smile.
*** *** ***
In front of the three co-representatives of North Pharmaceuticals, Park Zhenhe said to Jin Junyu:
"Secretary Jin, 20 million US dollars, are you ready?"
"I'm ready."
Park Jin Hyuk pointed at the tablet in Jin Junyu's hand and said to the three of them:
"I just need to press send, and you will receive the first 20 million US dollars. What do you think? Still unwilling to accept my proposal?"
This is the third day since the two sides started investment negotiations.
Park Jin Hyuk's words reminded them of the proposal he proposed yesterday.
"I want to acquire your company for $100 million, on the condition that you transfer all of your shares to me."
Upon hearing this, all three of them jumped up. How could they agree to such a proposal?
Seeing that the other party rejected his proposal outright, Park Jin Hyuk turned and left.
Looking at Park Jin Hyuk's back, Karin cursed, "This damn guy! Taking advantage of others!"
But now, they have no other way to revive the company except Park Jin Hyuk.
Werner asked everyone to calm down, then contacted Mao Dayong again and asked him to mediate and arrange today's negotiations.
"We have no intention of selling the company and only accept investments with good intentions."
"You think investing is too simple. As an investor, why should I invest my money in you? Just based on what you say? Just based on these few pieces of paper?"
Park Jin Hyuk picked up the clinical trial results they had given him before.
On the second day after receiving all the experimental results, Mao Dayong said to Park Jin Hyuk with a tired face:
"I stayed up all night last night to read all their materials. I think it's only a matter of time before their new drug gets FDA approval. This is definitely a project worth investing in."
Park Jin Hyuk smiled and immediately instructed Kim Jun Woo to prepare the required investment funds.
In the first subsequent negotiation, Park Jin Hyuk terminated the talks after a short while.
Then, when they met again the next day, Park Jin Hyuk deliberately proposed a plan that the other party could not accept, and the two sides were unable to continue the discussion.
Today is the third day of negotiations.
Park Jin Hyuk came to the negotiation site with the mentality that there might still be no result.
"I have $30 million I can immediately invest, and another $50 million is in the works. With such a large investment, shouldn't I get some tangible benefits? How can you ask me to invest so much based on just a few words and some experimental figures?"
"What do you want?"
"How about this, since you guys said you didn't accept yesterday's proposal, I'll take a step back and ask for a 40% stake."
"This is impossible..."
Werner raised his hand to stop Karin, then said to Park Jin Hyuk:
"40% equity for $80 million, that's unreasonable, right? Even if we agree, existing investors won't agree."
"You don't have to worry about this. The existing investors have already agreed to my plan."
"How is this possible?"
At Park Jin Hyuk's signal, Kim Jun Woo opened an email on his tablet.
"This is an email from your investor, the Austrian government's Industry-Academia Collaboration Center."
In the email, the other party first expressed their gratitude to Park Jin Hyuk and made it clear that as long as North Pharmaceuticals could be saved, they were willing to accept any plan proposed by Park Jin Hyuk.
"In addition to the Industry-Academia Collaboration Center, we received the same response from Austrian investment bank BDS and individual investor Bill Stone."
"Did they really agree to your proposal?"
"But before I could even send an email, they had already verbally agreed to accept my investment because no one wanted to see their investment go up in smoke."
The three of them began to stop talking.
"I guess they all know that you won nothing at this exhibition. Everyone is also aware that you have no money left. Some investors even asked me if I would like to buy their shares."
The three common representatives of North Pharmaceuticals fell into despair.
It's no use saying anything now, Park Jin Hyuk already knows their details.
They had indeed run out of money.
Moreover, they mortgaged their house to the bank, sold their car, and invested the money into the company.
In this desperate situation, Park Jin Hyuk became their only hope.
But... they really couldn't accept giving away 40% of the equity.
Seeing that the other party remained silent, Park Jin Hyuk stood up.
"It seems we still can't reach an agreement in this round of negotiations. How about this? Let's have one last talk tonight. I'll bring my lawyer, and you should also bring your lawyer. Whether it succeeds or not, this will be the last time."
After saying that, Park Jin Hyuk left without looking back.
*** *** ***
Park Jin Hyuk walked forward quickly, and Kim Jun Woo jogged after him.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
Continue read on readnovelmtl.com
