Chapter 108: Settle in the Bay Area
After choosing the area, Meng Qian next had to consider specific cities, and the Bay Area has hundreds of towns under the jurisdiction of nine counties -- administrative divisions, the first confusing concept he had since coming to the United States. Because in China, the city governs the county, while in the United States, the county governs the city.
The city of San Jose, for example, is under the jurisdiction of Santa Clara County, and there are other cities of various sizes under the county. But it's not quite right to define it that way, because there are separate cities in the United States, such as San Francisco, which is the core of the Bay Area, so it's its own management.
Meng Qian inevitably got messy, and then encountered the unique judicial system of the United States, state laws, county laws, and some even conflicting. If the division of administrative districts has little impact, the regional law requires him to consider everything when choosing a city for investment.
Fortunately, with the help of Wang Yang, a local girl, the lawyer and consultant arranged and answered a lot of questions. Eventually, Meng Qian established Wells Fargo Power and the group's branch in Oakland, a city east of San Francisco and on the east shore of San Francisco Bay, with many technology companies.
The Wells Fargo Group has invested heavily in it, spending two billion dollars on it, and intends to lease the entire office building outright, preferably a small experimental plant. But the details have to be made after the head office comes over, and then make specific plans, and he is only responsible for guiding the way.
After it was established, he communicated with the country.
"The location of the investment has been decided, a city called Oakland in the San Francisco Bay Area, very close to Tesla's factory. The local government will give a lot of convenience, and when the domestic top management is ready, let's leave as soon as possible. I have too few people here to take care of much. ”
"Some of the visas for overseas personnel have been processed and will leave next week." Zong Yan said on the phone that he was also concerned about the progress of the company's overseas development.
"Good." Meng Qian said, "Keep in touch with me. ”
The rest of the investment is in the pharmaceutical industry. Because it is based on technology research and development, the choice of land should be considered thoroughly, and it must take care of the daily administration, he considered setting up in the city center, San Francisco is a good choice, there are famous schools around to export high-quality students, and there are many talents.
Of course, the affairs of pharmaceutical companies are not in a hurry, and Meng Qian can only use one person now, Wang Manwen. She's also a newcomer, and she still has to learn. Then as her personal assistant, she divided labor with him first, Meng Qian handled business, and she was responsible for life.
At present, she is running around with Wang Yang, and she is responsible for the work a bit like logistics, such as the place of residence, travel vehicles, immigration issues, and even details such as clothing, food, housing and transportation in the United States. Wang Yang is a patient girl, and she will introduce her requirements and questions thoroughly.
Putting aside the details and trivialities, Meng Qian concentrated on his career.
There are no differences in cooperation, and the lawyers of both parties are currently reviewing the agreement and identifying loopholes. Meng Qian and Tiger Stone sat and chatted over tea in a San Francisco shopping mall, with a view of the bustling bay and marina and the ocean.
Tiger Stone said: "You will definitely have time to adapt when you first come here, I have other things to do, and we will talk about artificial intelligence cooperation in half a month, what do you think?" ”
"Yes." Meng Qian nodded, he is indeed very busy now, the rich country group wants to develop overseas, pharmaceutical companies need to be established, and the foundation must be established; In life, you have to be familiar with food, clothing, housing and transportation, after all, this is a strange society, and you must learn English well...... Half a month is not necessarily enough.
"That's longer." Tiger Stone put down his teacup, "I'm not in a hurry. This is a colorful society, and you can't just think about work, but also combine work and rest. ”
Meng Qian smiled: "I will." ”
Tiger Si went on to say, "I heard Erica say that you're going to go into the pharmaceutical field too?" ”
Meng Qian didn't intend to hide it: "I have been engaged in generic drug investment in China, and I have several new drugs in my hand that I want to promote to Europe and the United States." ”
"The audit standards of the United States and the European Union are very strict, and the cooperation between drug clinics and hospitals also needs to be established ......," Tiger said.
Meng Qian didn't flinch: "I know the first step will be difficult, but someone has to try." ”
"Not bad." Tiger nodded.
While chatting, the contract was also properly handled.
After both parties confirmed that there was no problem, they proceeded to sign the contract, and Meng Qian would transfer 10% of the shares to the other party for a price of $3 billion. The other party will pay $500 million in cash, and the remaining $2.5 billion will be achieved by replacing the shares of Onix Pharmaceutical, about 2.5%.
Although not all cash payments, combined with the actual situation, there are not many companies that give $3 billion in cash in one go, and more are mainly share replacements. The deal gave Meng Qian a 2.5% stake, making him the sixth largest shareholder of Onix, and the stock price is still rising.
Meng Qian has studied that the strength of Onix pharmaceuticals is very strong, especially biopharmaceuticals. Just after they successfully reached a pharmaceutical cooperation with China, the stock price rose sharply on the same day, and this 2.5 billion shares will be worth more money sooner or later. Not to mention, Meng Qian values connections.
Close cooperation is always a two-way street, and the Stone family owns a stake in his business, which in turn holds a stake in the other party, and the connection is even deeper. Not to mention far away, let's just say that Meng Qian plans to invest in local pharmaceutical companies, and in terms of experience and resources, he needs the help of giants.
"Happy working together!" Tiger Stone took the champagne from his assistant.
"Happy working together!" Meng Qian clinked glasses with him.
"If you have any need for manpower in the future, you can ask my assistant to help." Tiger Stone explained, and the white-haired black-haired man pulled out his business card.
"This is my business card, Mr. Meng." Whites say.
Meng Qian exchanged business cards with him, glanced at Richard Ralph, and said in English, "I'm afraid I'll need your help a lot during this time." ”
Ralph combed through what he meant: "It's my duty. ”
Meng Qian was not polite, he really needed help.
For example, the location of pharmaceutical companies, the company's job application, and the recruitment of assistants, business assistants are urgently needed. He needs to be familiar with the American environment, economics, law and other knowledge, preferably someone who can speak some Chinese. Of course, it doesn't matter, it's just to practice your English.
After the cooperation of Wells Fargo Group is established, it is the turn of its subsidiaries.
Wells Fargo Power has long been incorporated, it is an offshore company registered in the BVI and is 100% owned by the group.
But only temporarily, the reason why Meng Qian split the two subsidiaries is, on the one hand, to ensure profits and make the company's accounts clearer; On the other hand, Wells Fargo Power does not consider profitability in the short term, and it needs to continuously invest its income in the new energy market to expand and expand.
The primary goal of Wells Fargo Power is not to make money, but to seize the market.
Toyota's technology and their conflict have made Meng Qian take precautions - at present, many companies are researching new systems of batteries, such as graphene and aluminum, and once they make a breakthrough, it will definitely have an impact on the group's hegemony. They need to get ahead of everyone else and take more shares.
In order to get ahead of its opponents, it needs to absorb a lot of capital.
To promote the development of the new energy industry, it is not possible to do without strong partners and funds, especially when competitors are eyeing each other, Meng Qian's plan has been changed again and again. As long as the group is guaranteed to have more than 51% of the voting rights, the rest of the shares can be held by external capital.
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PS: The article omits the offer required for mergers and acquisitions, the scrutiny that U.S. companies face in the acquisition, CFIUS and related processes.