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451 Acquisition of Jinghua

After hearing this, Li Ziwen said: "Mr. Zhou, the manufacturing technology of protective clothing or other supporting facilities is not very high. Generally, it can be made by spending money. If you acquire Jingcai, you can add another investment and build a workshop in this area."

"Okay, I understand." Zhou Yujie nodded and said.

Li Ziwen continued, "Mr. Zhou, let's go in and visit."

"Okay." Zhou Yujie nodded.

Jinghua Medical Equipment Co., Ltd. was born in the 1990s. Its founder also started with Bai Ding. When he was a teenager, he went to the Shanghai Stock Exchange wharf to work as a coolie. Later, he went to the factory and spent a lot of money to learn lathes by a master and became a skilled worker. In this case, it was enough to support his family. However, by chance, he purchased a machine tool and started his own business.

The subsequent company's scale became larger and larger. In the 2000s, the company decided to transform, from the simplest medical stretcher to the subsequent more complex and high-end medical equipment, and eventually became the top 100 medical device companies in China.

"Hello, Mr. Zhou." A young man about 30 years old immediately greeted with the people behind him after seeing Zhou Yujie and his group.

"Hello, Mr. Chen." Zhou Yujie also shook hands politely.

Long before coming here, Li Ziwen had already introduced Jinghua's situation. Jinghua's founder Chen Wei died of a terminal illness a few years ago, and the huge business was handed over to his only son Chen Yuming.

Originally, Chen Wei had already made the funeral arrangements for hundreds of millions of business and assets, and the professional manager was fully in place. As long as his son waited for the profits safely.

But Chen Yuming is not a stable person. His annual net profit of tens of millions of yuan may still be too little for him. No matter what, he is also a top student in economics at a well-known American university. He should be better than an old man who only knows how to write his own name!

So, Chen Yuming began to use the company's funds and randomly invested in industries that had nothing to do with the main business, but ultimately lost money and affected the main business's funds.

Fortunately, Chen Yuming is not an idiot. After several blows, he still woke up and understood that as long as he is not "motivated", his property will never be ruined.

But many times, it is completely too late if it is a few years late. Over the years, a large amount of capital has entered the medical industry. In addition, the abnormal operation of the company in the past few years has led to many quality problems. In the end, all of them broke out in the past year, and Jinghua also encountered various difficulties.

Later, under Li Ziwen's "persuasion", Chen Yuming agreed to the acquisition.

"Mr. Zhou, please come in there." Chen Yuming said with a smile. He knew the identity of the person in front of him. If he could get a little advice from the other party, he might be able to really promote the old man's career again.

Chen Yuming and Jinghua's senior executives took Zhou Yujie and his party to visit the entire factory. Because they belong to the light industry, the assembly line assembly of the entire factory is assembled and the warehouse is in several 4-story industrial buildings, which can improve the efficiency of internal operation.

After watching for a long time, Zhou Yujie realized that the company in front of him was not a high-tech industry. All kinds of components came from outside suppliers to process, and Jinghua was only responsible for assembly and testing and terminal sales.

This model is a light asset, but the disadvantage is that the overall cost will be high. In the past, when domestic production capacity was low, life was still good. In recent years, domestic production capacity was overcapacity and fierce competition. Coupled with the mistakes made by the company's management, the company eventually suffered serious difficulties.

However, Zhou Yujie didn't care. What he wanted was such a company. It was not something that could be acquired in a short time.

After the visit was completed, the lawyer teams of both parties began to evaluate the transaction volume and also needed to check the operation status of the entire company, liabilities, profits, etc., which could not be determined in a short time.

Zhou Yujie, Li Ziwen and Chen Yuming came to the conference room on the 6th floor of the office building in front.

"Mr. Chen, are you planning to leave China and start a business in the United States?" Zhou Yujie asked casually.

Before, when chatting casually, Chen Yuming always boasted about his experience in the United States intentionally or unintentionally. At the same time, he also asked Zhou Yujie what to do when starting a business in the United States. As long as Zhou Yujie is not stupid, he will naturally think of Chen Yuming's purpose.

"It's not necessarily the United States, it's also Canada." Chen Yuming said with a smile: "I'm not afraid of Mr. Zhou's joke. After this transaction, I will have a lot of funds, but the domestic environment may really not be suitable for me, so I want to try it overseas."

Zhou Yujie said: "The commercial markets in European and American countries have long been stable. In the past twenty years, if it were not for the emergence of the Internet, it would be almost impossible for a large number of successful entrepreneurs to emerge. If you want to start a business, you have to do something that is not in the market, but this kind of innovation will also bring great risks."

Chen Yuming said helplessly: "I know nothing about the Internet, and as for the technology industry, it probably won't work either."

"It is difficult to play innovative technology in the United States, and Chinese people are just asking for trouble for themselves when they set up technology companies in the United States." Zhou Yujie shook his head and said, "Actually, if Mr. Chen wants to be more stable, he can buy a big farm. This thing can't make a fortune, but under normal circumstances, it is impossible to lose money."

"Farm?" Chen Yuming smiled helplessly and said, "Okay, invest in a guaranteed career first.

But Mr. Zhou, I’ll take the liberty to ask, what actions will you do after you acquire Jingcai? Not only am I curious about this, but everyone in the entire company wants to know."

Zhou Yujie said: "I am actually optimistic about the development of the medical industry. In recent years, environmental pollution has become more and more serious. In the future, the requirements for ventilators and the like should be higher and higher. Moreover, ventilators are just a starting point for me. I will invest huge amounts of money to enter other medical fields in the future."

"So that's it." Chen Yuming nodded and said.

He actually understands this principle that business giants look at the development of the industry from a fundamental perspective. The simplest example is real estate. A truly visionary big shot will not focus on how many people on the market need to buy a house, but will look at the population trends in the next ten years. Therefore, visionary people will choose to cut off their arms and survive at the right time.

The same may be true for the ventilator market, but it involves waiting for more than ten years or even longer, which requires sufficient capital, and ordinary small entrepreneurs cannot afford to play.

Zhou Yujie smiled and said, "By the way, if you find a good super farm overseas, you can also tell me, maybe I will collect it and have fun."
Chapter completed!
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