Chapter: 1794

As soon as he spoke, enthusiastic applause erupted.

Zhengyi felt extremely comfortable in his heart, smiling and saying: "Don't get too excited about the title, I'm only acting chairman of Xiao Lin Pharmaceuticals for now. If it's spread abroad, people will talk."

The first one to curry favor said: "Chairman, in our eyes, you are already the official chairman of Xiao Lin Pharmaceuticals!"

Zhengyi smiled with pleasure and then put on a serious expression, saying: "Personally, I still hope Mr. Next Lin can return to Xiao Lin Pharmaceuticals soon and take charge of the company again. Until he returns, I'm only temporarily sitting in this position to manage the company."

As he finished speaking, he raised both hands, signaling everyone to sit down.

As soon as he finished speaking, Zhengyi looked serious and said: "You all know that Xiao Lin Pharmaceuticals are currently facing both internal and external challenges. I heard that there's a company in China called Nine Heaven Pharmaceuticals that has developed a product called Nine Heaven Stomach Powder. According to rumors, this product is much more effective than our Xiao Lin Stomach Powder. However, this company's production capacity is limited, so they haven't yet exported it to the Japanese market."

One person exclaimed hastily: "Chairman, I'm about to report on this matter. My son-in-law went to China last week and heard about this product. He even bought a box of it yesterday and tried it out. I have to say that this product is definitely stronger than our Xiao Lin Stomach Powder by more than half!"

Zhengyi opened his mouth: "If that's the case, Nine Heaven Pharmaceuticals might just become our next major rival!"

After a pause, Zhengyi continued: "And what's even worse, our product effectiveness can't compare to theirs. If they keep increasing their production, our sales will keep decreasing. If Xiao Lin Stomach Powder gets devoured by Nine Heaven Stomach Powder in the global market, we'll lose half of our revenue!"

Everyone's expression was one of unease.

Someone asked Zhengyi: "Mr. CEO, we can't just sit back and do nothing! Do you have any good countermeasures?"

Zhengyi opened his mouth and said: "Countermeasures are available, that is to say we must increase investment in pharmaceutical research and development, and upgrade our current products comprehensively. If our Xiao Lin Stomach Powder can surpass Nine Heaven Stomach Powder in terms of effectiveness, the market will still be ours!"

The person in charge of R&D opened his mouth and said: "Mr. CEO, if we want to increase investment in R&D, it would require a massive budget. The company has been drained of a lot of money recently, so can we still afford it?"

Zhengyi nodded smoothly and said: "This is what I was going to tell everyone. Our current cash flow isn't very good. The production base we invested in Osaka has consumed a huge amount, and previous unexpected losses have left us with insufficient capital for R&D. We currently only have around 5 million US dollars to invest, so my idea is to raise some capital quickly and at least secure 100 million US dollars to upgrade our pharmaceutical R&D laboratory!"

Everyone listened to the plan to raise funds and sat up straight, with someone asking: "Mr. CEO, do you currently have a suitable investor?"

Zhengyi nodded and said: "Previously, Mr. Xiao Lin has been discussing investment with Mr. Ito Yohi, the patriarch of the Ito family. This is something everyone knows about."

Everyone nodded in unison.

Xiao Lin had always wanted to get investment from Mr. Ito Yohi and even wanted to become his son-in-law, which was why he spent money to register his daughter Ito Nana's participation in a kickboxing match - this was already well-known in Xiao Lin Pharmaceuticals.

In fact, everyone had already prepared for the union between Xiao Lin Pharmaceuticals and the Ito family, but unfortunately, Mr. Xiao Lin disappeared before it could be formally promoted.

Everyone thought that cooperation with the Ito family would also come to an end, but they didn't expect Zhengyi to start up the cooperation again now.

As a result, everyone was filled with excitement and asked excitedly: "Chairman, don't you know what kind of valuation the Ito family can offer us?"

Xiao Lin Zhi cleared his throat and said: "Mr. Ito Yohi from the Ito family is willing to offer a valuation of $1.5 billion, investing $4.5 billion in Xiao Lin Pharmaceuticals, and holding 30% of Xiao Lin Pharmaceuticals' total shares after the investment."

"What's a valuation of $1.5 billion?!"

Everyone was unable to help but discuss it.

Initially, Xiao Lin Jr. had discussed with Mr. Ito Yohi, but it wasn't at this price. JrNovels.com