You are worth tens of billions before you come to the system?
Chapter 230 Financing US$400 billion
"No one wants to leave now?"
Lin Zitai leaned over and glanced around. There were some people who were about to make a move, but now they all lowered their heads and did not dare to look at each other.
He showed a satisfied smile, paused and said, "Then let's talk about the second half of this year and next year's plans."
He proposed to distribute one billion U.S. dollars in dividends at the end of the year to reward shareholders who have stayed with them for so many years.
At the same time, the salary of all employees of the group will be increased by 30% on the original basis.
A carrot in the left hand and a stick in the right hand. Give me a stick first and then a sweet date. Although the routine is old, it is very useful.
Everyone's face darkened, but they did not dare to object. Now they also knew that when they agreed to come to China and participate in the group's board of directors, they were already in the trap.
Lin Zitai achieved the effect of winning people's hearts by improving employees' benefits. They knew it, but they had nothing to do.
Now, no matter who raises objections, they probably don’t have to wait until the end of the meeting. The name of the person who raises objections will spread throughout the company and become the enemy of grassroots employees.
They had no doubt that Lin Zitai would do this, because this guy was a devil in the skin of a young man.
It is said that Chinese people are humble and sincere, but in Lin Zitai, they don't see it at all, he is like a bully.
Chief Financial Officer Murphy Cole raised a question: "Chairman, the company has more than 13.8 employees around the world, and the salary of all employees has been increased by 30%. We have no objection, but where will the funds come from?"
"I think you should have seen the financial report of Novartis Group, as well as the amount we should spend each quarter, as well as the approval of research and development funds for each project."
Although there is US$124 billion in cash on the books, employee compensation needs to be paid about US$10 billion every quarter. An increase of 30% means an additional payment of US$3 million per quarter.
They also own a total of 13 drug laboratories in major universities around the world, and conservatively estimate that they need to pay US$3 million in R&D expenses every month.
What's more, one billion US dollars will be allocated for dividends at the end of the year. It is estimated that there will be very little money left in the account by next year.
"This is the next question I want to talk about. Next, there are projects related to chronic myelogenous leukemia. All projects will be cut off."
"In the second half of the year, we will focus on promoting hair growth products of Prince Pharmaceuticals. At the same time, we have 13 laboratories and plan to lay off 5 laboratories to reduce some unnecessary project expenses."
Political correctness in Europe and the United States has become more and more intense, and many publicity funds and humanities research projects are redundant.
For example, there is research on the IQ of black people being higher than that of white people and Asians, and there is also funding support for activities of sexual minorities.
In Lin Zitai's view, these projects were not only outrageous, but also redundant. With the spare money, it would be better to make more political donations.
After all, this is good in foreign countries. Legal bribery is euphemistically called political donation. After the host takes office, he will repay the donor and strive for better business policies for the company or individual who made the donation.
Moreover, the five laboratories that were laid off were basically located in North America. Lin Zitai not only retained the two laboratories in Asan, but also increased R&D funding.
Of the [-] billion people, only [-] million are human beings, and the rest are no better than cattle and horses. Multinational pharmaceutical companies are doing this, and Lin Zitai is no exception.
If there are new drugs in the future that require human trials, we can recruit experimental subjects there and only need to pay a small amount of money.
In the blink of an eye, the meeting was halfway through.
Lin Zitai gradually talked about the highlight, which was the project that everyone traveled thousands of miles to China to participate in.
He plans to use Novartis as the main body to issue large-scale financing of US$400 billion for subsequent plans.
Foreign high-leverage financing is only applicable to companies with financial attributes such as banks. The debt ratio of other industries generally cannot exceed 100%.
Novartis, with a market value of more than US$600 billion, has US$200 billion in liabilities and can only raise up to US$400 billion now.
Cole was stunned and said hurriedly: "Chairman, the three major international credit rating companies, Poor's, Moody's and Fitch, raised our investment risk level yesterday.
Currently it is only C-rated, and the risk is too high for investment. With today's credit rating, it is difficult for us to raise so much funds in the market. "
Poor's, Moody's and Fitch, the three major credit rating agencies on Wall Street, are also known as nuclear weapons in the financial world.
After World War II, the United States not only led the construction of the post-war international order system, including the United Nations and various international organizations, as well as the rules of play in various fields.
For example, the essence of the so-called financial market order is to allow Wall Street capital to quickly enter target countries to obtain advantageous resources through mergers and acquisitions, equity investments, etc.
Every investor hopes to drive down the price of the target company and then buy it at the bottom, thereby maximizing profits.
At this time, the three major rating agencies came into being. Through a combination of downgrades, smearing, and the withdrawal of US capital, companies in many countries have fallen into operating difficulties or even bankruptcy in the short term, or their stock prices have bottomed out, and then they have to face the dilemma of being acquired.
他们的评级总有十个等级,分别是3A级2A级A级,3B级2B级B级,3C级2C级C级和D级。
Since Novartis Group was taken over by Lin Zitai, the group's credit rating has dropped five levels from A to D, which is only one step away from junk stocks.
With their credit rating, it would be difficult to raise one billion U.S. dollars, let alone the astronomical figure of 400 billion U.S. dollars.
"On the eve of Lehman Brothers' bankruptcy, it still had an AA rating. Did it delay their bankruptcy?"
Lin Zitai disdained to sneer, and had already thought of a countermeasure, looking at the melon-eaters on the side.
Samsung and Mitsui still have Daiichi Life, and China, Japan and South Korea should be able to bring him [-]% of the funds.
Li Zaiyong knew that he was a latecomer, so he smiled and said: "Samsung will definitely provide full assistance to Novartis for its roadshow in South Korea."
Saito frowned in victory and said: "We will fully assist Novartis in its road show in Japan. It will not be a problem to raise more than half of the funds."
He looked at Li Zairong with a kind smile, glanced at Lin Zitai from the corner of his eye, and finally understood his intention.
Lin Zitai knew that the two countries had not dealt with each other since ancient times, so he specially brought in Samsung Group to check and balance them.
Lin Zitai smiled without saying anything and looked at the financial director: "Mr. Cole, do you have any other questions?"
Cole shook his head: "Our department will prepare a suitable financing plan immediately."
"I believe everyone is curious about the use of the US$400 billion. Here are two documents for you to take a look at first."
Lin Zitai took out the approval documents of K drug and the first two phases of clinical data of the nine-valent vaccine and asked his assistant to distribute them to everyone.
Then he picked up the thermos cup on the table and drank sips, leaving everyone ten minutes to review.
Everyone had different expressions. Those who knew something were shocked, and those who didn't understand hurriedly asked those who knew about the situation.
Clinical data from the first two phases of the nine-valent vaccine show that the prevention rate is as high as 98.5%, which is 8.5% higher than Merck.
At the same time, the damage to the human body is minimized, and the probability of infertility is reduced from 3.5% to 0.05%, with almost no side effects.
The K drug is even more outrageous. It can increase the efficacy by 200% without increasing side effects.
Not only is it miraculous in the treatment of tumor diseases, but it can also cure melanoma through repeated use.
Once the data is released, it will shock the medical community no less than when Cheng Zhiyu developed a new chronic myeloid drug to cure early-stage chronic myelogenous leukemia.
Another drug that can win the Nobel Prize.
After a while, Lin Zitai said with a smile: "I believe everyone should know by now how big a blow these two drugs will have on Merck once they are launched on the market."
"This time we raised 400 billion, with the sole goal of acquiring Merck and making both parties a big family."
Parks had a strange expression on his face when he heard about the extended family.
This word really sounded familiar. He seemed to have heard Lin Zitai mention it some time ago.
At that time, he also said that he came to join the big family of Novartis Group and became the head of the family in the blink of an eye.
After learning about the efficacy of the two drugs, Cole's face showed excitement: "Mr. Chairman, if we only raise US$400 billion, I'm afraid it won't be enough, right?"
I used to call him Chairman Lin Zitai because of his power, but now I call him Chairman with respect from the bottom of my heart and add the word "Mr."
Even if he had any objections to Lin Zitai before, all of them have disappeared now. As long as he dares to wield his sword to Mo Shadong, he respects Lin Zitai as a man.
Lin Zitai smiled and said nothing, and looked at the crowds. It was one thing to help the roadshow raise funds, but it was another thing to join them in acquiring Merck.
A look of understanding appeared on Cole's face. The combined economic aggregate of China, Japan and South Korea accounted for more than half of the global economic aggregate.
Dai-ichi Life and Mitsui Group represent Japan, and Samsung Group represents Japan. This plan does not even require the participation of Western capital. (End of chapter)
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