Reborn in 2014: A One-Man Tycoon

Chapter 140 Entering the Medical Industry

Meng Chuan actually plans to enter the medical supplies manufacturing industry.

This decision left President Ye speechless, completely unprepared for this turn of events.

"Mr. Meng, could you tell me your specific thoughts?"

Mr. Ye looked serious, his tone full of curiosity and doubt.

After all, this was a completely new field that he had never been involved in before and had no knowledge of.

Meng Chuan spared no expense to acquire Hongda International, and resolutely rejected a sky-high acquisition price of 250 billion.

Mr. Ye saw this determination.

But he didn't know whether Meng Chuan's idea was a sudden whim or something he had planned beforehand.

"In fact, when entering an industry, the first thing to consider is whether it can survive for the next ten or twenty years."

Meng Chuan said solemnly, his gaze firm:

"In my view, only industries with a sustainable development period of at least 20 years are worth our full investment and heavy bets."

"And the medical industry, which concerns everyone's health, is a perpetual necessity."

A wise glint shone in Meng Chuan's eyes as he spoke eloquently:

"Even if one day, the medical profession may be replaced by AI."

"But medical devices and medical supplies are irreplaceable."

"This is a career you can pursue for a lifetime."

"Why not pursue an industry that will never be obsolete?"

Meng Chuan's analysis left President Ye speechless.

He never imagined that Meng Chuan, at such a young age, would possess such profound business acumen.

Indeed, as long as humanity exists, the medical supplies industry will not disappear.

The principle couldn't be simpler.

But I never thought about it.

As for Meng Chuan's mention that doctors might be replaced, President Ye didn't believe it.

Without doctors, what use are medical supplies?

However, the clever CEO Ye did not utter a word in rebuttal.

"But we know absolutely nothing about this industry."

After a moment's thought, Mr. Ye expressed his biggest concern.

"There's nothing to worry about; you can't just focus on the shortcomings when looking at things."

Meng Chuan shook his head slightly and said confidently:

“We have overseas agency channels, which are our advantages, whether it is raw material procurement or overseas sales.”

"Domestically, we also have a large network of supermarket partners, with secondary distributors in major provinces and cities."

"These are the reasons for our confidence."

"As for the shortcomings..."

Meng Chuan's lips curled up slightly, revealing a confident smile:

"If you want talent, spend money; if you want equipment, spend money; if you want technology, spend money."

"Anything that can be solved by throwing money at it is not a problem."

"Moreover, we will not touch those high-tech medical devices in the initial stage."

"Let's start with the simple things, like medical masks, medical gloves, medical protective clothing, alcohol, and simple ventilators."

Meng Chuan spoke while gesturing.

The light in his eyes grew even more intense.

"but……"

Meng Chuan abruptly changed the subject, his tone becoming exceptionally firm:

"I don't want to dabble in small-scale operations; if we're going to do it, we'll become the industry leader!"

"Our factory area needs to be large enough, and our production capacity should be able to meet the needs of the entire southern market."

"At the same time, we must actively expand into overseas markets."

"Within three years, I want to make at least half of the countries overseas dependent on the products we produce!"

Meng Chuan's bold words once again completely stunned President Ye.

It sounded okay at first.

Starting with simple medical supplies is indeed a good strategy.

There's no such thing as becoming a successful entrepreneur overnight.

But then they heard that they wanted to make half of the countries overseas dependent on their products.

This is a bit much.

With over 70 billion people worldwide and half of the countries relying on it, what a huge market share that is!

To meet such a market share, how much production capacity would be required!

Once this is achieved, even if you only make one cent per mask, the profit will be astronomical.

After all, President Ye was a pragmatic person, and he swallowed hard.

Trying to calm myself down and regain my rationality, I said:

"Mr. Meng, if we do it as you say, the initial investment would be an astronomical figure."

"That's natural, but money is not an issue."

Meng Chuan waved his hand dismissively and asked:

How much funding can Hongda International currently provide?

Upon hearing this question, General Manager Ye couldn't help but smile wryly.

Meng Chuan didn't even know the company's financial situation.

They dared to spend over 7 billion yuan to buy back all the shareholders' equity.

Looking at Meng Chuan in front of him, President Ye really didn't know if his choice was right or wrong.

"Our profit for the first half of the year was 160 million yuan. The second half of the year is the peak season, and if all goes well, we can expect to make 200 to 300 million yuan in profit. We also have 600 million yuan in working capital on hand."

General Manager Ye reported cautiously, afraid that Meng Chuan would be dissatisfied.

Actually, don't be fooled by the fact that many companies have market capitalizations of hundreds of billions or even trillions.

However, the actual amount of liquid funds is not much.

Many companies are even operating at a loss.

Given the current situation of Hongda International, it can be considered that the company is well-managed.

“That’s good enough. We’ll dilute our equity holdings and raise funds. Let’s start with two billion. You get the factory built first.”

Meng Chuan gave the order decisively, as if everything was under his control.

Meng Chuan's resolute investment in the medical manufacturing industry has a clear purpose.

This was in response to the mask incident in 2019.

Only those who have experienced it know that it is a simple, but brutal, industry.

Although there are still a few years until 2019, it's not too early to start planning now.

If in the future, Hongda International can truly produce a large quantity of high-quality and inexpensive medical supplies, making half of the countries dependent on them.

During that period, his wealth will surely increase exponentially.

Of course, Meng Chuan's motivation was not simply to amass wealth.

Deep down, he wanted to do something for all of humanity.

He may not have been able to prevent the mask incident from happening.

But he hopes that during that difficult time, no one will be in trouble because they can't buy masks.

We certainly don't want to see a mask being sold for an outrageous price of hundreds or thousands of yuan.

Especially abroad, I've heard that a single face mask can be sold for a staggering $2000.

Masks are still in short supply.

As long as there is a continuous supply of masks during the mask-wearing period.

Even if the price remains normal.

Meng Chuan is confident that he can become the world's richest man.

He even surpasses the current world's richest person by a significant margin.

Meng Chuan could not possibly remain indifferent to such a business opportunity.

Moreover, Hongda International already possesses unique channel advantages.

It can also expand overseas, it's a perfect match.

Therefore, let alone Feng Chenchen offering 250 billion, even if it were 550 billion.

Meng Chuan would never hand over Hongda International to anyone.

"Alright, Mr. Meng, since you have such lofty ambitions, then I, Old Ye, will go crazy with you!"

Mr. Ye took a few deep breaths, as if gathering all his courage, and made up his mind:

"I haven't had that passion I had when I started my business for many years. This time, I'm going to fight to the bitter end!"

Mr. Ye is unaware of this at the moment.

His decision today will bring him amazing rewards in the future.

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