Chapter 708: Chapter 708: The Acquisition Case
The next day.
Dawn.
Li Yufei received a text message from Guan Yue: Shaoheng has woken up, but his mind is still unclear. However, thank heavens, the doctor said he’s out of the critical period. I didn’t want to disturb you, so I’m sending you a text. Don’t worry when you see the message.
She casually picked up the phone and dialed Shao Chen’s number.
As soon as the call connected, she instructed, "Shao Chen, cancel all appointments this morning."
She hadn’t slept well last night, waiting for news. Now that she’s heard Du Shaoheng is safe, she let her guard down completely, feeling exhausted.
Shao Chen: "And the meeting with the Huake president tonight... should that be postponed too?"
Li Yufei: "As scheduled."
Shao Chen: "Got it, understood."
Li Yufei hung up the phone, returned to bed, closed her eyes, and fell asleep immediately.
...
Evening.
The car arrived on time to pick her up.
Li Yufei received a call while changing clothes in her bedroom. She adjusted her collar in the mirror and said to the phone, "Give me a moment."
After hanging up, she picked up a lipstick from the dressing table, applied it to her lips, sprayed a layer of setting spray, and went downstairs.
Shao Chen was standing at the door, smiled when he saw her, and said, "Good afternoon, President Li."
Li Yufei: "It’s almost evening. I was delayed a bit. Let’s get in the car quickly."
She has never been the kind to be late, always punctual.
The traffic was congested.
Neon lights flickered.
The extended Bentley moved slowly with the traffic.
Shao Chen handed her a file: "I didn’t expect those two suppliers to be so straightforward. We didn’t have to put in much effort, but that’s also because President Li made a substantial investment."
Li Yufei replied, "The authorization has been obtained. Huake is a must-have."
The car stopped at the entrance of the club.
Li Yufei got out of the car, entered the club, and walked into the private room.
Several key executives from Huake were present.
Huake’s president, Hua Qianqing, was seated at the main seat.
Li Yufei lightly knocked on the door of the private room, then raised a formal smile: "Sorry to keep everyone waiting, there was a bit of traffic on the way. I’m not late, am I?"
As she spoke, she raised her wrist and glanced at the time.
Only a minute away from the scheduled time.
"President Li, please have a seat!"
The executives of Huake were polite to Li Yufei, but Hua Qianqing wore a displeased expression.
Not long ago, Li Yufei sent someone specifically to Huake to negotiate the acquisition agreement.
The sudden interest from the Li Family to fund and acquire Huake caught everyone at Huake by surprise.
Huake Group is one of the top ten pharmaceutical companies in the country, thriving in recent years with excellent quarterly reports. Li Family’s proposal to acquire Huake stirred the entire board of directors.
Originally, with Huake’s current momentum, such a takeover would be promptly declined.
However, the Li Family’s substantial offer swayed many of the major shareholders on the board.
Thus, the acquisition case has led to constant disputes among the major shareholders on the board; some are unwilling to be acquired since Huake is currently developing so rapidly and no one wants to let go of it.
Yet some shareholders believe that as long as Huake’s core technology is retained, selling the company and establishing a new one is a sure win.
After all, the Li Family has shown enough sincerity.
Li Yufei’s reason for acquiring Huake is simple: as a pharmaceutical company stable for fifty years, Huake possesses the most comprehensive production line and even has its research center. She recently obtained the research plan for the Regenerative Cell Factor, yet the subsequent investment is significant. However, setting up a new company, purchasing equipment, and going all out just for this project with uncertain prospects; the board would never authorize funding.
Most shareholders lack foresight, only dreaming of foolproof profits.
Li Yufei naturally had to consider these shareholders’ sentiments.
Therefore, Li Yufei turned her attention to Huake. If she acquires Huake, using its production line and research technology for the investment in research, the Regenerative Cell Factor could be developed sooner, and acquiring Huake could also bring continuous revenue to the Li Family, silencing the board’s complaints.
She was well aware that the Regenerative Cell Factor is a losing proposition.
Why are diseases like Spinal Cerebellar Atrophy considered terminal?
It’s not that these diseases are truly incurable, but because they’re too rare, with a small patient population, meaning the market willing to pay for a "life-saving drug" is small.
This kind of market is a typical niche market, profitless.
Capitalists don’t like losing propositions.
But as the saying goes, money makes the world go round.
Even if it loses money, she is determined to cure Du Shaoheng’s illness.
Because the Huake acquisition is an imperative deal.
Li Yufei sat down at the table, smiling, "Let’s start the meal! I’ve been busy all day and I’m starving. Let’s eat first and then have a good conversation about business."
Just as she picked up her chopsticks, Hua Qianqing, next to her, suddenly spoke: "President Li, from what I know, Dishen is involved in all sorts of business, but never in pharmaceutical investments. Why are you suddenly interested in acquiring Huafeng?"
As a business empress, Li Yufei holds a high position. Naturally, Hua Qianqing speculated that she might have heard some news prompting her to suddenly pivot to pharmaceuticals.
But Huake is his life’s work, he naturally couldn’t watch it be handed over.
Li Yufei slightly curled her lips, "Business is business, as long as it’s profitable, I like it. President Hua, don’t misunderstand. My acquisition of Huake is simply because I’m interested in the big profits in pharmaceuticals."
Hua Qianqing: "It’s evident that you’re very interested, putting up 300 billion is a significant investment. Did the Li Family’s board vote on it?"
Li Yufei: "I don’t have that much power to go against board resolutions and make such decisions on my own."
Hua Qianqing nodded, grinning without actual amusement: "I can feel President Li’s sincerity, but President Li should know, I built my career on Huake. It has my life’s blood and sweat. I admit, your offer is high; many old folks on Huake’s board are blinded by it, but now, I hold the most decision-making power in Huake. If I disagree, this deal is doomed not to happen.
"
Li Yufei remained calm, picking up a piece of assorted vegetables and elegantly placing it in her mouth. After chewing slowly, she wiped her lips with a napkin: "President Hua, I thought you should know we’re pursuing a friendly acquisition."
Hua Qianqing: "What if I refuse to sell?"
Li Yufei raised her eyes, a sharp glint flashed across her gaze, her tone suddenly turned icy, "Then it’s a shame. If you can’t bear to part with it, I won’t be able to ’friendly’ conduct this transaction with you."
Hua Qianqing snorted coldly, loudly exclaiming, "In the end, you’re still opting for the strong-arm tactic! You’re exhibiting classic robber behavior! Li Yufei, just because you have wealth and power, you think you can wreak havoc in Huake. I disagree! I’m telling you, dismiss those thoughts immediately because I’ve already contacted allied companies. Currently, Huake has several companies serving as ’White Knight’ endorsements. You think you can forcibly acquire Huake? Dream on!"