Chapter 595: Another Private Placement

"Boss, have we been tricked?" Seeing Smith agree so readily, He Wanqiu cautiously reminded Chen Yang.

"General Manager He, as long as the patent technology is okay, we shouldn't quibble over other things." Chen Yang also felt he might have been too hasty in the quotation. But since the deal is already settled, there's no need to say more.

After all, Tianqi Pharmaceutical wants to grow big domestically in the future, and still needs to cooperate more deeply with Novartis Company.

Seeing Chen Yang not care about the price, He Wanqiu could only sigh that he was rich and willful. Do you know, two hundred million US dollars equals 1.6555 billion RMB!

After signing the transfer agreement, Chen Yang had Du Yue'e use the company's account to pay Novartis Company an advance payment of eighty million. The remaining funds, he planned to continue raising through a private placement.

Chen Yang first went to Xingcheng Women's Prison to find Yexin, asking if she was willing to invest in Tianqi Pharmaceutical.

Upon hearing that Chen Yang had purchased the patent technology for treating leukemia patients, Yexin readily agreed to invest five hundred million.

Chen Yang returned to Stellar Brilliance Financial Investment Company with her authorization letter and convened the board meeting. Apart from President Yao Xia, who had no shares and raised objections, shareholders Lan Qiyun, Huang Bai Ming, and Zhao Feiyang all supported Chen Yang's decision, and it was passed unanimously.

After the meeting, Lan Qiyun also requested to invest thirty million in her personal name to purchase Tianqi Pharmaceutical's privately placed shares.

Huang Bai Ming and Zhao Feiyang also agreed to increase their capital by thirty million each.

This brought the total to 560 million. Adding Chen Yang's personal preparation to increase capital by five hundred million, the shortfall was only 485 million.

Consequently, Chen Yang summoned Liu Shijie, Qi Yunxiang, Zhou Baolin, Chen Chong, and Hu Jiahao to a meeting at the villa of the East Jiang Business Alliance.

Liu Shijie had absolute confidence in Chen Yang's investment vision and directly invested one hundred million.

Upon hearing that Stellar Brilliance Financial Investment Company had already contributed 590 million, Qi Yunxiang also agreed to invest one hundred million in the name of Xingcheng Securities.

Zhou Baolin, Chen Chong, and Hu Jiahao, like Lan Qiyun, each contributed thirty million.

Chen Yang calculated that there was still a shortfall of 195 million.

For this money, he decided to make a trip to Xingcheng Bank.

However, just as he was about to leave the villa, Chu Ning pulled him back.

"Chen Yang, you've asked so many people for support—why didn't you ask me? Do you look down on me?"

Chen Yang had been avoiding Chu Ning lately. On one hand, he feared her retaliation; on the other, he worried about the toxicity of her "Financial Paraquat." Although wearing Nike can alleviate some toxicity, given the investment of 1.6555 billion, he dared not take the risk.

After a moment's thought, he immediately came up with an excuse: "Miss Chu, this investment carries risk. Your money is hard-earned. If we lose it, how will I explain to the Chu family?"

Chu Ning dismissively said: "I'm not afraid of losing money; what are you afraid of?"

"Could it be that you don't even consider me a friend?"

Chen Yang, worried about being pestered endlessly, carefully asked her: "How much are you planning to invest?"

Chu Ning generously said: "Aren't you still short of 195 million? I'll invest it all!"

Chen Yang was startled by her bold words and immediately reminded: "Miss Chu, this sum is not small. Perhaps you should first call your family to discuss it?"

Chu Ning looked at Chen Yang with disdain and said: "How are you acting like a woman? I'm investing my own money; what does it have to do with my family?"

Seeing her firm attitude, Chen Yang also found it hard to refuse further.

Once the funds were in place, Chen Yang immediately had He Wanqiu submit the private placement application to the Securities Regulatory Commission. At the same time, he had Corporate Secretary Zhang issue a notice convening the general shareholders' meeting.

As soon as the notice was released, ST Tianqi's stock hit the limit up, with the order volume reaching five million lots!

"Chairman, the shareholders are going crazy—should we first apply for a temporary suspension?" He Wanqiu worried that the stock price being driven too high would affect the interests of these private placement shareholders, and immediately gave Chen Yang advice.

"General Manager He, let them trade for two days!" Chen Yang wasn't in a hurry about this. ST Tianqi's stock price is only 4.6; even if it hit the limit up for three consecutive days, it would only be 5.33.

Moreover, the more the company's stock is sought after, the higher the approval rate at the shareholders' meeting.

If the price rises too absurdly, after the private placement resolution is passed, he can use other means to push the stock price down again.

Of course, if necessary, he can also apply for a temporary suspension.

After He Wanqiu left, Chen Yang called Liu Jianghua.

"Governor, the company urgently needs to raise funds to pay Novartis Company for the patent technology. Can you please greet the Securities Regulatory Commission to speed up this private placement process?"

"Chen Yang, you little brat, when you benefit you never consider the province's interests; when trouble comes you run to me. Where's there such a good deal!" Liu Jianghua also learned from Tianqi Pharmaceutical's announcement that Chen Yang was raising funds from the East Jiang business circle to pay Novartis for the technology patent transfer fee.

However, Tianqi Pharmaceutical is no longer a despised junk stock. The Provincial SASAC has always wanted to find an opportunity to take a stake, but Chen Yang has politely refused each time.

Now the stock has hit the limit up; even if the Provincial SASAC wanted to buy ST Tianqi shares from the secondary market, there's no chance.

Just before Chen Yang made the call, the director of the Provincial SASAC, Huo Yunyan, was still complaining to him.

Chen Yang immediately guessed the meaning behind Liu Jianghua's words. Before negotiating with Novartis Company, Huo Yunyan had already approached him, hoping to let the SASAC take a stake in Tianqi Pharmaceutical.

However, Chen Yang still remembered the old grudge with Commonfolk Meat Industry Co., Ltd., and had not agreed.

"Governor, after this deal is completed, the province will at least reap over 160 million in taxes. Moreover, the drugs the company will produce in the future can also generate substantial tax revenue for the province. With such great benefits, do you still think it's not enough? Then I'll just sell the company to you!"

Liu Jianghua angrily snapped: "I'm swamped today; I have no time to manage your lousy company. However… the connections at the Securities Regulatory Commission—Director Huo can get things done faster there."

Upon hearing this, Chen Yang immediately fell silent.

At this moment, Liu Jianghua added: "I know you have opinions about Director Huo. But those who achieve great things shouldn't fuss over minor details. If you give her a way out now, she might someday bring you a bigger surprise."

Chen Yang never expected Huo Yunyan to give him a surprise; as long as it wasn't a fright, he'd be grateful. But now that Liu Jianghua is speaking up for Huo Yunyan, even if he feels upset, he can only endure it.

"Governor, how about taking one hundred million from my capital increase share and giving it to the SASAC?"

"Done!" Liu Jianghua just wanted an attitude.

After Chen Yang hung up the phone, he then said to the still-present Huo Yunyan: "Director Huo, from now on, stop dwelling on those old sentiments. Assisting Old Master Hu in suppressing Chen Yang may not earn you favor from the Hu family. And by provoking Chen Yang, you're only damaging the SASAC's own interests."

Huo Yunyan sighed: "If I knew the younger generation of the Hu family didn't support suppressing Chen Yang, I'd never listen to Old Master Hu's advice, even if I were beaten to death."

Liu Jianghua, vexed that she didn't live up to expectations, said to Huo Yunyan: "Even an upright official can't settle family matters; you, an outsider, still go meddling. Isn't that just asking for trouble?"

Huo Yunyan, hearing this, could only return a bitter smile.