Chapter 118: Lychee Still Laughs in the Spring Breeze (Part 3)
In the past few years, Medtronic's sales in the Chinese market were less than one percent of its total global sales, and for such a pharmaceutical giant, such a market is simply a treasure that can be tapped infinitely.
In China, the number of people wearing pacemakers or insulin pumps per million people is between fifteen and twenty, while in the United States this number is one thousand, a difference of 60 times!
This means that the market has huge potential, which is worthy of Medtronic to increase its investment in China, and at the same time, Medtronic needs a local company to provide opportunities to cut into China's medical security system, and Kangjun Pharmaceutical, a subsidiary of Anxiu Trading Company, has entered Medtronic's eyes.
In addition to other cooperation, Sha Anna's central contact with Medtronic to acquire Kanghui Pharmaceutical is the most important purpose of her trip to China.
Kangjun Pharmaceutical is located in the southern suburbs of China, the product covers a more comprehensive orthopedic treatment field, including trauma, spine, artificial joint replacement, after the acquisition of Kangjun Medtronic in China's fast-growing orthopedic field will continue to increase its competitive advantage, in the process of China's aging, orthopedic disease patients have increased significantly, the rise of this market is amazing, according to Medtronic's survey data, there are more than 60 million osteoporosis patients over 50 years old in China, and the related medical expenses are expected to exceed 15 billion US dollars in ten years.
Kangjun Pharmaceutical, which was once listed in New York, now needs to pay at least $1 billion in cash to complete the acquisition.
A billion dollars in cash is not a small amount, but there is no pressure on Medtronic, which is most concerned about whether it can perfectly take over the channel of Kangjun Pharmaceutical after the acquisition, which is especially important to Medtronic...... Of course, Kangjun Pharmaceutical's technology accumulation in the field of orthopedics is also a high-quality asset.
Kangjun Pharmaceutical is not the first time that Medtronic has acquired a Chinese company, as early as 2008, Medtronic invested more than 2 billion yuan in Shandong Weigao, and it was the first time that Medtronic directly completed investment cooperation with Anxiu Trading Company.
From 2008 to the present, Medtronic has developed the Chinese market into its fourth largest market in the world, but this is not enough...... Medtronic also faces strong rivals such as Johnson & Johnson, including Abbott Laboratories, and Boston Scientific also attaches great importance to the Chinese market.
Weigao is the first time that Medtronic has established a joint venture outside the United States, and now Kangjun Pharmaceutical has once again entered Medtronic's sight, at the same time, there are also Abbott Laboratories and Boston Scientific, Medtronic needs more efforts to successfully acquire Kangjun, after all, Kangjun Pharmaceutical is behind such a behemoth as Anxiu Trading Company, and it is not feasible to obtain the actual control of Kangjun Pharmaceutical through the natural advantages of large investors, and Anxiu Trading Company has always been operating with high debt, However, this does not mean that Yasuhide Trading Company lacks liquid assets to withstand various financial risks.
The acquisition of Kangjun Pharmaceutical is okay, but Medtronic must regress on the issue of establishing a pacemaker production line in a joint venture, which is the bottom line of Anxiu Trading Company, and it is also Qin Munan's request to Qin Jing, which has the flavor of political tasks behind it.
It will be a difficult negotiation, and when the huge Airbus A380 lands at Lychee Yuen Airport, which has been renovated to accommodate the giant aircraft, Qin Jing and Sha Anna are still smiling as they step out of the plane.
Compared with five years ago, today's Lychee Garden has undergone a renovation, although the architecture, garden, and landscape style are still the same, but the added technology products are not the same.
Technology is changing with each passing day, especially in the smart home, Lychee Garden was established more than ten years ago, when the most advanced electronic equipment was not as good as the popular products.
Qin Jing's wedding will be held in the Lychee Garden, where nearly 2 billion yuan has been invested in the renovation of the first phase, and the second phase of the project is in full swing.
Anxiu Financial International Center, which has been the tallest building in Asia for many years, costs only 5 billion...... Of course, the five billion in the nineties and the five billion now are not the same concept.
The focus of the transformation of the lychee garden is the security system, five years ago the lychee garden meeting, although the terrible night was not witnessed by many people, but let some people have palpitations, the lychee garden such a beautiful garden can not be abandoned, after the transformation and renovation from the inside out, all the original service staff are dismissed, the re-employment is also in full swing, everything is in a state of secrecy, Lin Zhiyan personally went to the world, looking for the most reassuring attendants and housekeepers, before coming to the lychee garden, No one will know exactly where they are working and who they will work for.
This would ensure that the unknown killer would not be able to infiltrate the lychee orchard again.
"Oh, such a beautiful lychee orchard...... Is this the Old Summer Palace in the 21st century? Sha Anna looked at Qin Jing with a smile and said.
"No, this is Qin Yuan." Qin Jing didn't even like the name Lychee Garden, he knew better the ridicule in Sha Anna's words, this woman's unexpected understanding of China and traditional Chinese culture was a genuine Chinese expert, Qin Jing believed that Sha Anna knew the history of the Old Summer Palace very well, and was also sure that Sha Anna was mocking this garden not to be burned to ruins by invaders like the Old Summer Palace.
"Qinyuan? I like both of Chairman Mao's poems by Qin Yuanchun. Shaanna nodded.
Qin Jing didn't explain anything anymore, the difference between Qin Garden and Qin Garden was very big, but Qin Jing didn't think that Sha Anna was aimed at him in the mispronunciation of pronunciation, whether this garden was surnamed Qin or not, presumably Sha Anna wouldn't mind.
"This is a garden that will be the envy of rich people all over the world." From the plane, Shaanna had a panoramic view of the Lychee Garden, with huge yachts moored in front of the mansion in the distance, and a water port leading to the sea, where yacht parties could be held without even leaving the house.
"I feel very honored to be the first guest of honor to be you to stay in Qinyuan, and I believe this is an auspicious sign...... We have the word noble in China, noble often means a turning point in life and the rise of luck, you are my nobleman. Qin Jing smiled and expressed his gratitude as the host warmly and sincerely.
It's really nice to be the host here...... Qin Jing can't be regarded as the real owner of this place yet, but he believes that he will be sooner or later, so if he changes the name of the lychee garden to Qin Yuan, presumably his sister will not have a big opinion.
At present, all the renovation costs of the lychee garden are borne by his sister who is far away in Europe, otherwise Qin Jing really has no way to upgrade his wedding venue to this level. Qin Jing controls Anxiu Trading Company and also owns a large number of shares, but when it comes to personal wealth, especially liquid capital and private cash accounts, Qin Jing is far from being able to compare with her.
Three watches, although a few minutes late, but mainly completed on the 11th, Xia Hua really made an effort with the actual surname, everyone should use the monthly pass to support, don't hit Xia Hua's efforts to work the positive surname!
All kinds of requests, overseer, please ignore me.