Surgery Godfather-Chapter 493 - 449: Everyone is Happy

Yang Ping had gone to Guilin to inspect the laboratory, and Huang Jiacai had already rushed to Shanghai, discussing the acquisition of Ruixing on behalf of Yang Ping.

Ruixing Company is currently in complete disarray, and their lawsuit is undoubtedly lost.

Infringing on others’ patents for imitation is a matter where everything is fine until trouble is caused by the other party, and then the only solution is to pay up.

These international giants are well versed in this, and they have already collected a lot of evidence before the lawyers arrived. Almost every move of Ruixing is under their surveillance, and it is said that there are several boxes of evidence.

The other party had applied to the court for asset preservation, this move caught the top of Ruixing off guard, they couldn’t even raise some money to escape.

Ruixing, from top to bottom, is full of unease, their previous dreams are all but shattered.

Going public, waiting for the right time, and then cashing out, all would have been very satisfactory.

But now, let alone making money, they have lost every penny of their capital.

Huang Jiacai hurried to Shanghai, rushing to the company headquarters, the first person he met was President Wang.

President Wang was the guide for Huang Jiacai’s career, he owed him a favor.

When Huang Jiacai knocked on the door and entered, President Wang was sitting in the office, smoking with a worried face, there were already a lot of cigarette butts piled up in the ashtray.

Seeing Huang Jiacai, President Wang had a look of guilt: "Jiacai, sit down, you know about the company. I truly regret it. I didn’t heed your advice, I didn’t prepare early, I was concentrated on going public."

It’s not President Wang’s fault actually, he didn’t have much say in the matters, the say was in President Wei’s hands.

Huang Jiacai sat down, and President Wang said: "Over the years you’ve been with me, your performance has been obvious to all. I promise I won’t treat you badly, no matter what. I will personally compensate you a sum of money. Make plans as soon as possible, the company’s products have been banned from sale, and a huge fine will be imposed soon, the company has nowhere to go."

Huang Jiacai was brought into Ruixing by President Wang, who promised Huang Jiacai that he would reward stocks if he worked well. But now, let alone stocks, even normal wages cannot be paid.

All of Ruixing, from top to bottom, everyone is trying to find a way to escape.

Looking at the despondent President Wang, Huang Jiacai didn’t rush: "With things as they are, there is not much we can do, but it’s not the end of the road yet."

"You say -- there’s hope?" President Wang put out his cigarette and looked up.

In President Wang’s eyes, Huang Jiacai has always been resourceful. By saying this, was he implying there was yet another way to revive the dying company?

"I wouldn’t go as far as saying there’s hope, but it’s possible to reduce everyone’s losses so that they don’t lose everything."

Huang Jiacai took a sip of water and said slowly.

"What’s the method? Tell me?"

President Wang saw a glimmer of light in his despair.

"Being acquired."

Huang Jiacai said decisively.

"Who would dare to acquire us at this time---"

President Wang was deflated, thinking Huang Jiacai had some good plan, but this was what he had to offer. In the current situation, you’d have to be a fool to acquire Ruixing.

"What if there is?"

Huang Jiacai said with a smile.

"Impossible! Who would willingly embrace a grenade with its pin pulled out? Spend money to acquire it and then wait for the fine? Wait for the company to collapse?"

President Wang shook his head, having spent so many years in the business world, he had never seen such a fool.

"President Wang, I came to the company headquarters not to ask for any money, but to help the company, to help everyone out of this situation. If someone is willing to acquire the company, take over all this trouble, and give you a lump sum of money to let you go, would you agree?"

Huang Jiacai got straight to the point without beating around the bush.

"Ha ha---"

President Wang laughed a few times in an abnormal manner, then nearly went into tears saying:

"Brother, your consolation method is too childish, but I still thank you for your good intentions, is there such a fool in this world?"

Huang Jiacai ignored President Wang’s breakdown, and continued:

"Now there is a company, run by my friend, no matter the reason, be it foolishness or sentiment, he wants to acquire Ruixing. In other words, he gives you a sum of money, you leave Ruixing, and Ruixing with all its problems is given to him, how about it?" Huang Jiacai asked very seriously.

It was then that President Wang realized that Huang Jiacai was not joking, but was serious.

"Are you telling the truth?" President Wang stared at Huang Jiacai.

Huang Jiacai remained calm and assured: "Absolutely, I’m here today on behalf of a friend to formally discuss this matter. President Wang, we have known each other for over a decade, sharing both joys and sorrows. I say truthfully that my friend, Dr. Yang Ping, is willing to purchase. This is a win-win situation. For you, getting cash at this time is an opportunity that is hard to come by. As for Dr. Yang, he’s fully aware of the potential difficulties that may come after taking over, but he’s willing. It’s a fair trade."

President Wang took a deep breath and leaned back in his chair: "Jiacai, if you can really make this happen, it would be doing us a huge favor. Now, which of the shareholders isn’t on edge? President Wei is still at the hospital getting infusions."

Despite his longstanding friendship with President Wang, Huang Jiacai knew better than to reveal all his cards to the straightforward man.

Once his bottom line was disclosed and if President Wang were to accidentally share them, the deal would become very complicated. Now was the best time to act, and they could not afford to miss this opportunity.

"We need to act decisively while Dr. Yang is still interested. Once we miss this chance, it might be gone forever. You should speak with President Wei now and hold a shareholders’ meeting. This matter needs to be kept confidential. If it gets out, our rivals could sabotage us and ruin everything."

In business, it was always a battlefield, trust no one. At this moment, Huang Jiacai couldn’t reveal his real intentions to anyone.

"Okay, given our more than a decade of friendship, I trust you. I’ll go deal with it now, you wait here."

President Wang placed absolute trust in Huang Jiacai. He clearly understood the relationship between Dr. Yang of Sanbo Hospital and Huang Jiacai. As for how Dr. Yang has so much money, it was none of his business. Huang Jiacai wouldn’t betray them. Given the current circumstances, a real acquisition could be their saving grace.

Huang Jiacai waited in President Wang’s office. He felt that Johnson & Johnson wouldn’t act until the court handed down a judgment.

To acquire at the right price requires seizing the opportunity before an opening disappears. Losing this gap would mean confronting Johnson & Johnson head-on.

Ruixing already had a strong brand and sales channels. However, under the control of President Wei, it was destined to be a tool of giants to constrain domestic medical device firms.

He had also thought about what to do with President Wang. Despite his gratitude towards Huang Jiacai, he eventually concluded that President Wang was not the type to achieve great things. He could only compensate him as much as possible financially.

Upon hearing someone wanted to buy the company despite the imminent crisis, President Wei immediately pulled out his intravenous catheter and rushed to the company, not even having time to sit down properly.

"Jiacai, tell me the truth, how much are they offering?"

President Wei cut right to the chase. Over his years in business, he’d picked up some strategy. He didn’t care about others’ motivations, as long as there was hard cash on the table, he could walk away from it all happily.

"120 million RMB, all at once." Huang Jiacai responded without hesitation.

President Wei was a bit troubled. This seemed a bit low. Ruixing was valued at at least one billion.

However, times were different now. The compensation that Ruixing faced was uncertain but it would undoubtedly be substantial. Not to mention several hundred million, even tens of millions are required.

All products were to be withdrawn from sale, and Ruixing would not have any products to sell for at least a year. If the company was to be maintained, the net loss would be over a hundred million each year.

The more than ten million RMB frozen in their accounts was not even enough for compensation.

Under current circumstances, seeking investments was out of the question.

If they could get 120 million RMB in cash, get up and leave without a care, he could gain at least fifty million and the other shareholders could also get tens of millions. Compared to losing everything and all those unresolved lawsuits, this was a thousand times better.

"Ah Huang, you know our company Ruixing was valued at over one billion before, so this seems a bit low." President Wei said straightforwardly.

Huang Jiacai sighed, "President Wei, I know, but that was when we were on the rise. Now things have changed. Under the current situation, who else besides Dr. Yang would be willing to inject hundreds of millions to take over a mess? Ruixing cannot delay for a day, you are aware of that. Whoever accepts to take over Ruixing is really taking on a pile of debts. You may want to look into it, President Wei, to see if there are other companies willing to take it over. Dr. Yang doesn’t want to see Ruixing collapse and he plans to venture into the medical device field. This is an opportunity for him to start a business by acquisition. You know, for a medical device company, it takes years to get a license approved. Dr. Yang doesn’t want to wait, he wants to buy a company now. That’s why he has this idea. We can’t solve Ruixing’s dilemma and can only wait for life or death. Who knows, maybe Dr. Yang has the ability to solve it? Yang’s money is also hard-earned. Let me see if I can negotiate a higher price, although I’m not sure if it’ll be successful. Even though we’re friends and he trusts me, business is business, he may not listen to me."

"Jiacai, given the current situation, it’d be great if we could get a bit more. Once the deal is done, President Wei will not shortchange you." President Wang offered from the side.

Truthfully, as a shareholder, selling the company and walking away with the money would be the best route.

Not to mention, those investment companies who demand money could force President Wei into a tough spot. Due to an agreement written in black and white, regardless of how much these lawsuits may cost or even the delay in listing, the investment companies would turn hostile immediately if the money couldn’t be collected.

"The two Presidents, how about this? I’ll fight for a little bit more for you, I’m not sure how much, but every little bit counts. Think about it, once the company is sold, you’ll get the money, and other shareholders will also get their share. They’ll not only get back their capital but also make a profit. Although it’s not as intense as going public, you’re at least not losing money. This is a win for everyone. Otherwise, not to mention the headache from the lawsuits, you wouldn’t even be able to pass the hurdle on the investor’s side." Huang Jiacai drove home the point to President Wei.

Failure in gambling agreements had driven bosses to leap from buildings.

Investors only saw money. They treated you like their own father, because you were able to make money for them, or because they believed you would make money for them in the future. Once they saw no profit, or hope of turning a profit, they would immediately turn against you and acknowledge no kinship.

"President Wei, I am a Ruixing person and still working at Ruixing. I am fond of Ruixing, that’s why I hope someone can save it. But it’s different for Dr. Yang - he has several companies in mind. If I were you, I wouldn’t hesitate too much, take the money and leave. If you drag things out, many things could arise." Huang Jiacai reminded.

President Wei felt a mess inside, but he had a basic judgment about this matter. Firstly, this transaction wouldn’t result in loss. It would be better to walk away with the money, rather than face a ticking time bomb. This was a bomb guaranteed to explode, with his destruction certain.

Secondly, this deal wouldn’t be a scam. With Huang Jiacai speaking, it was basically true. Even if he wanted to deceive him, he wouldn’t deceive President Wang.

Lastly, he would see the contract. If there was no problem with the contract, he would sign it, take the money, and everything would be great.

"Jiacai, you go and talk again, see if you can go a little higher, no matter how much, just as high as possible. It will be easier for me to explain to everyone." President Wei had already decided to sell Ruixing.

Huang Jiacai was also well-prepared.

At most two hundred million, not a penny more.

This was a win-win situation. For him to take over Ruixing was better than for Johnson & Johnson to acquire it.

Besides, once Ruixing was in his hands, he would be capable of providing more compensation to President Wang in the future.

If Johnson & Johnson were to appear to acquire Ruixing in the future, they would surely conspire with surname Wei. At that time, President Wang wouldn’t have any say in it and wouldn’t be able to get any benefits.