When Zhang Ruiqiang took over as Bing City's Mayor, the first thing he did was to propose restructuring of Bing City's pharmaceutical industry. He wants to merge all the companies under the Pharmaceutical Administration into one company. He also wants to bring in external investors and increase the variety of products. This news caused an uproar in the City.
Most of the companies that were restructured were loss-making or were about to lose money. Although there were some companies that were not loss-making and were restructured, it was rare. Also, these companies were only producing consumer goods and had never entered the pharmaceutical industry.
Bing City's Pharmaceutical Administration had 30 to 40 companies, and some of them had been restructured before. Not all of them were owned by the state. This was too difficult.
The people did not understand why Zhang Ruiqiang wanted to merge all these companies together. The City will need to fork out a lot of money for this restructuring. Many of them suspected that this was Zhang Ruiqiang's political achievement. He wanted to show that Bing City had a large pharmaceutical company during his term!
Zhang Ruiqiang had suggested this when he was still the Executive Deputy Mayor. At that time, the Mayor did not agree, but the Party Secretary was against it. Now, the Party Secretary had left, and Zhang Ruiqiang had become the Mayor. What was Zhang Ruiqiang thinking?
Pharmaceutical industry can become Bing City's pillar industry? What a joke! Zhang Ruiqiang had never heard of any city that had a pharmaceutical industry as their pillar industry. If the pharmaceutical industry was profitable, the people would scold them!
Zhang Ruiqiang had studied this problem before. He knew there were examples overseas. A city with a multinational pharmaceutical company will have a huge impact on the city. Not only the taxes, but the city's employment, promotion, etc. will also be affected.
There were too many pharmaceutical factories in Bing City, and the scale was too small. From Feng Yu's Tai Hua Trading, Zhang Ruiqiang saw the value of a brand. If all the medicine produced by Bing City's pharmaceutical factories were printed with Bing City Pharmaceutical Corporation on the box, then people will think that Bing City Pharmaceutical Corporation is a powerful company. This will increase the sales of other pharmaceutical products.
Other than anti-inflammatory drugs, Bing City's pharmaceutical factories were not competitive. If it wasn't for the City's plans, some of these factories would be in debt.
Those with good results could make more than 1 million RMB a year. Those with poor results could only maintain a break-even. If the factories were not integrated, those with poor results will be eliminated by the market sooner or later. The City will have to think of ways to solve this problem. Settling the workers was a huge problem.
These companies had a market value of more than 200 million, but they could only generate about 10 million in profit. Look at the Machinery Company. How much was the market value and how much were the profits? Not to mention Feng Yu's Tai Hua Trading. His registered capital was only 200,000 RMB, but the profits that year was more than 1 million RMB! Last year, the profits and taxes exceeded ten million!
Originally, Zhang Ruiqiang was also a little hesitant. He was worried that after the integration, it would drag down those pharmaceutical factories with good profits. However, since Feng Yu dared to boast, he believed that Feng Yu would definitely be able to do it. This kid was very evil. He could make money in any industry. The annual profit of raising a pig at home was enough to make people so jealous that their eyeballs were about to pop out!
In particular, Feng Yu was very good at sales. But Feng Yu was not sure if Feng Yu was good at selling medicine. If Feng Yu was also good at selling medicine, then Bing City Pharmaceutical Company will rise!
Zhang Ruiqiang was very capable and had the most experience in restructuring companies in Bing City. Most of the companies that were restructured were successful. Of course, a small portion of the restructurings failed, but it was not a big deal. The workers were also arranged properly. Overall, the pros outweighed the cons.
Capable people were more decisive. Since Zhang Ruiqiang had come up with this idea, he must succeed.
At first, it might be difficult to integrate all these companies. It would cost a lot of funds. But now, Feng Yu was involved. Feng Yu could provide the funds, and Feng Yu had promised not to be the controlling shareholder. All these problems were solved.
Others might not understand Feng Yu, but Zhang Ruiqiang was one of the City's officials. He knew Feng Yu the best, and he trusted Feng Yu. Feng Yu was already a super-tycoon, but Zhang Ruiqiang had never seen Feng Yu spending extravagantly. Other than donating money to school buildings.
For a person to be able to be like this after suddenly becoming rich, this was especially rare and commendable!
If Zhang Ruiqiang wanted Feng Yu to spend money, he must first convince the other leaders in the City to integrate Bing City's pharmaceutical industry.
… …
"The main purpose of today's expanded government meeting is to discuss the feasibility of integrating the subsidiary companies of the Pharmaceutical Administration into a corporation. Other than the leaders from the Health Ministry and Pharmaceutical Administration, we had also invited Tai Hua Trading's Manager Wu Chih-gang. The information had been distributed to everyone. If anyone has any suggestions, you can speak up now. "
When the other leaders saw Wu Chih-gang attending this meeting, they were surprised. This was a government meeting, and it was related to the pharmaceutical industry. It was normal for the Health Ministry and Pharmaceutical Administration to attend. But who was Wu Chih-gang? What rights does Tai Hua Trading have to attend this meeting?
Although Wu Zhigang was sitting in the corner, he was like Zhang Ruiqiang, the focus of the entire meeting room. Even though there were so many leaders looking at him, he was not afraid.
He remembered what Feng Yu had said to him. He had been using these words to encourage himself.
You are the Deputy Manager of Tai Hua Trading. Tai Hua Trading was the biggest private company in Bing City and Longjiang Province. The taxes paid by the company were enough to support the leaders in Bing City. You are a taxpayer, and they are government employees. They are working for us. Their salaries are paid by us. We are the ones who are supporting them!
Furthermore, Bing City's industries could recover so fast. It was because of the Soviet Union's advanced machinery that Tai Hua Trading sold to them.
Also, Tai Hua Trading is not a pushover. Not everyone can bully us as they please. You just need to respect those leaders. If they do not respect you, then you don't need to respect them. As long as it is not illegal, if anyone dares to bully you, I will stand up for you!
That was why when Wu Chih-gang looked at these leaders, he felt like he was looking at those distributors. He did not back down. Instead, he stared at whoever stared at him.
This way, those leaders were the first to give in. This Tai Hua Trading was under the Mayor's protection. Today, Wu Chih-gang was here, and he must have been invited by the Mayor. If they were to go against Wu Chih-gang, it was the same as going against the Mayor. The Mayor had just been promoted, and he could use them to establish his authority.
But this Wu Chih-gang's gaze was too annoying. You are just a Deputy Manager of a private company. Why are you looking at us with a sense of superiority?
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