nucmednet Chapter 586 I can't just stay at home and live off my wife, can I?
Chapter 586 I can't just stay at home and live off my wife, can I?
Sinovac Biotech's largest shareholder is CEFR Investment Fund.
Moreover, it holds absolute control.
This fund is a joint venture between the US and Japan.
That's why it was used as a pawn by foreign investors during the stock market crash.
Among the few leading companies, Meng Chuan did not attempt to buy at the bottom.
After the stock market crash, Meng Chuan emerged victorious, while all the "pawns" he had initially fought for suffered heavy losses.
According to the original historical trajectory, a stock market crash would have severely damaged the Chinese stock market.
Foreign investors are making a fortune, and Sinovac will benefit from this.
However, due to Meng Chuan's interference, foreign investors suffered a major defeat, and Sinovac Biotech naturally faced considerable difficulties.
The debt ratio has reached over 1800 billion.
Moreover, foreign investors have almost given up on Sinovac.
This is also why Sinovac Biotech urgently needs to find external support.
However, the representatives sent by Sinovac Biotech were rather arrogant.
Not only did it fail to attract investment for Sinovac Biotech, but it also failed to do so.
His arrogant attitude also brought about the downfall of Sinovac Biotech.
The simplest way to cause Sinovac Biotech's stock to collapse is to expose its financials.
This exposure was not malicious.
In order to maintain a respectable image and keep its stock price in check, Sinovac Biotech had no choice but to commit financial fraud.
Otherwise, if its losses were so huge, investors wouldn't choose its stock.
A stock that cannot generate profits for its shareholders is simply a scam.
The purpose of stock investors is to make money.
I'm not here to do charity.
Therefore, shareholders will not suffer losses along with the company.
This is an inevitable law of the market.
Therefore, all that's needed is for its true financial data to be exposed.
There's no need for whale hunting to deliberately suppress it; Sinovac Biotech's stock will collapse naturally.
Disclosing its true financial data is not a difficult task for "Tao".
However, with the disclosure of Sinovac Biotech's true financial situation...
Sinovac Biotech's stock price immediately plummeted.
Even its legal representative faces imprisonment.
After all, financial fraud and deceiving shareholders is something that is not tolerated by law.
On the third day, the whale hunter sent Meng Chuan a message:
"Young Master, Sinovac Biotech's stock has plummeted. As you instructed, our funds have already entered the market."
Meng Chuan casually replied "Okay" and then ignored it.
Meng Chuan has been busy for the past three days.
This kind of thing can be handled by one whale hunter.
For the past three days, Meng Chuan has been discussing the matter of opening a branch factory with General Manager Ye.
Hongda Medical's factory in Shanghai is still too small.
Moreover, it mainly produces light products related to medical supplies.
For example, masks, protective suits, goggles, disinfectants, etc.
Although the live-streaming sales by Meng Po Guild helped clear out a large amount of inventory in a short period of time.
However, this kind of material is not a necessity.
In particular, hospitals are the main consumers of protective clothing, goggles, and disinfectant.
For ordinary people, a single mask purchase can last a long time.
Therefore, the current inventory pressure at Hongda Medical Materials production plant is still very high.
Therefore, when Meng Chuan discussed the decision to open a branch factory with General Manager Ye, General Manager Ye was not very willing to agree.
Only Meng Chuan knew that these things were clearly not enough to deal with the 2019 pandemic.
Therefore, Meng Chuan needs to open a branch factory in the City of Entrepreneurship Dreams.
The main focus is on the production of "epidemic prevention equipment".
For example, makeshift hospitals, oxygen concentrators, ventilators, electrocardiogram monitors, and other medical equipment.
These medical treatment devices will represent a huge shortage worldwide in the future.
If these medical devices are in sufficient stock.
It can save a large number of lives.
Moreover, opening a branch factory in the city of entrepreneurial dreams has another major advantage: it can accommodate a large number of ordinary workers.
The current entrepreneurial dream city has a large number of technology-based startups.
However, these companies all need mid- to high-level talent.
However, the family members of these mid-to-high-level talents may not all be mid-to-high-level talents themselves.
Therefore, the entrepreneurial dream city still lacks a large number of ordinary job positions.
Setting up a branch factory in the city of entrepreneurial dreams can provide a large number of ordinary jobs.
Therefore, Meng Chuan has been making plans for the past two days.
What size branch factory would be appropriate to open?
In this regard, Meng Chuan still needs General Manager Ye's cooperation.
Having been in the medical supplies business for so many years, Mr. Ye can now be considered an expert in terms of both knowledge and connections.
However, not long after Meng Chuan hung up the call with the whale hunter, his phone rang again.
This time it was an unfamiliar number.
Meng Chuan frowned as he answered the phone. A slightly anxious voice came from the other end:
“Mr. Meng, I am Zhang Qiming, the legal representative of Sinovac Biotech. Could we... could we arrange a meeting with you?”
Meng Chuan raised an eyebrow, his tone languid:
“I have no business dealings with Sinovac Biotech, so a meeting is fine.”
Meng Chuan hung up the phone immediately after speaking.
Zhang Qiming choked for a moment on the other end.
But he still couldn't give up and dialed Meng Chuan's number again.
"If you call me so abruptly, I can sue you for harassment."
Meng Chuan answered the phone again in an unfriendly tone.
“Mr. Meng, oh no! Principal Meng, our people were ignorant and offended Principal Liu. I apologize to you and Principal Liu here. Sinovac is, after all, an established company with thousands of employees. If it were to collapse, the impact would be enormous…”
Zhang Qiming said in a pleading tone.
He already knows the whole story.
His representative went to negotiate with Fu-Hsing University, but the negotiation did not go well.
Then Sinovac Biotech's financial statements were disclosed, and its stock price plummeted.
Even he, the legal representative, was taken in.
He might not have been able to get out if he hadn't paid a large bail.
Zhang Qiming's ability to become chairman is certainly no small feat.
He didn't believe it was unrelated to Meng Chuan.
Now, perhaps only Meng Chuan can save Sinovac Biotech.
"Does it have anything to do with me?"
Meng Chuan interrupted him:
"You are responsible for your employees, and you are also responsible for whether your company collapses."
"Principal Meng, give me a way out. Name your price, and I won't haggle over anything Sinovac can do."
Zhang Qiming pleaded.
"Whether Sinovac survives or not is your own choice. Although I, Meng Chuan, am rich, I have no obligation to save you. If you call me again, I will call the police."
Meng Chuan then hung up the phone again.
If Sinovac Biotech is a purely domestic enterprise.
Perhaps Meng Chuan wouldn't be so heartless.
A foreign-controlled company, instead of seeking help from its foreign investors when things went wrong, came to Meng Chuan for a lifeline.
Moreover, he had an arrogant attitude.
This is like making money and then going out to party with others, or losing money and then borrowing from friends.
If a friend doesn't lend you money, you're not a good friend.
Where in the world can such a good thing happen?
"Honey, what's wrong? You've been so busy these past few days!"
Liu Qian suddenly came to Meng Chuan's study.
These past two days have been the weekend, and Liu Qian is at home.
However, Meng Chuan spent most of his time in the study these past two days.
And there were quite a few phone calls.
He doesn't even have time to spend with her and the children anymore.
"My wife is so busy, as her husband, if I don't find something to do, I can't just stay at home and live off her every day, can I?"