Chapter 15: I’m Rich
Translator: TYZ Editor: Book_Hoarder
Everyone sat back down in their chairs. Papa Chen had a solemn look on his face. This person in front of him was not only his son's friend, but his new business partner as well.
"How do you want us to collaborate?"
"I will provide the goods, and you can provide the capital. We can do research first and analyze its composition. Then, we can find suitable ingredient substitutions and mass-produce it." Ren Baqian's face was solemn as well.
"Do you have a formula for it?" Papa Chen asked again.
"Right now, I don't have it, but I can get it. I can go to the pharmacy and get some raw ingredients. However, due to the scarcity of ingredients, we'll have to use other ingredients as substitutes while we are doing the research. It's acceptable even if the medicine lacks in effect. After all, I'm sure there isn't any medicine currently on the market which has an effect comparable to that of his cream. The effect of modern medicines can't even match up to 10% of this cream's. If we can replicate 50% of the cream's effect, it's good enough," Ren Baqian spoke his mind.
Of course, he did not have the formula but he believed he could get it. There were so many things in his hands which he could use to exchange with the Dayao Nation.
For instance, the ingredients for making liquors. The Dayao Nation also lacked in modern technologies, right? For instance, anti-inflammatory medicine like penicillin? Or anesthetic?
He definitely had something that could pique the Dayao Nation's interest. The things he could offer were easy to produce, and they had more market potential than the black mud cream. After all, the black mud cream was extremely expensive, so its production rate must be very low.
When Ren Baqian made it clear that he could obtain the formula and necessary ingredients, Papa Chen felt relieved.
The finished product was here right now. Once the formula and the necessary ingredients were settled, the research of the product and the search for suitable ingredient substitutions could be easily done.
As long as everything could be settled, he did not need to worry about opening up the market for this product. The effect of this medicine could shut up all critics.
He also thought of something else. The military would be the biggest client of this medicine.
With this medicine, there were many organizations that he could build up relationships with.
"What about its side effects?" Papa Chen asked again.
"Hmmm, as far as I know, it will cause a strong itch as it allows a wound to heal at a very fast speed. As for the other side effects, we will first have to do a research to identify them."
Papa Chen looked at Ren Baqian in admiration.
Ren Baqian was clear and precise in the delivery of his idea. It seemed that he had thought this through beforehand.
He was indeed a pretty good lad.
Papa Chen remained silent for a while, drumming his fingers on the table softly. He always made this subconscious movement while thinking about something important.
After a long while, he finally began, "You have the product, but you don't have money. I have money but I don't have the product. It seems like a very good deal. However, it also involves many things. For example, building a laboratory, setting up a factory, etc., etc. Of course, there are many rich people and you are the only one with this cream Therefore, I feel that a 40-60 split in the equity shares will be ideal. 40% for me and 60% for you."
Ren Baqian was stunned. He did not expect Papa Chen to give him such a favorable deal. Initially, he thought that he would be getting 50% or possibly even 40% for his equity shares. However, now he was receiving 60% while the other party received only 40%.
Papa Chen's offer was much better than he expected.
He could even say something like 'there are many rich people and you're the only one with this cream'.
Papa Chen laid his cards on the table, saying all the words that he should be saying in this negotiation.
When Papa Chen saw Ren Baqian's facial expression, he chuckled and said, "Even though this is a business, there are still many ways for me to make money. There's no need for me to go against my own principles over money. In doing business, having a win-win situation for both sides is the most important thing. For this business deal, I don't really care about the money, but rather, the impact it will have after it hits the market. At the same time, you saved Chen Qing's life and that to me is a favor that I want to return. However, I have a request: 20% of your shares will be set as dividends."
Ren Baqian nodded his head. Papa Chen was afraid that he might meddle with the business after gaining a dominant hand in the equity shares. If 20% of his shares was set as dividends, he would be on equal footing with Papa Chen.
He replied, "Uncle, don't worry, I don't have any intention of meddling in the business. I have no idea on what to do next, and I myself don't wish to meddle with the business too much. My mind is set elsewhere. Therefore, I can simply be the front man of this business."
After Ren Baqian said these words, both sides did not have anything further to discuss.
Finally, Papa Chen concluded, "Since the terms have been settled, we should finalize this business as soon as possible. Tomorrow, we will sign the contract. You have to obtain the formula and the necessary ingredients. This will be written clearly on the contract. By the way, I guess you're in need of money now. I can pay you 2 million yuan in advance. This sum of money can be deducted from your dividends in the future."
Ren Baqian could not believe what he had just heard. Papa Chen even knew that he was in need of money. What more could he say about Papa Chen?
Both the host and the guest were very pleased with this meal. Both sides left the restaurant in satisfaction.
Chen Qing drove while Papa Chen and Mama Chen sat in the back of the car.
"How do you feel?" Papa Chen suddenly asked.
"Quite good!" Chen Qing replied with a relaxed facial expression. Since young, he had never been in need of money, and as such, he did not really know the importance of money. From the look of it, this business deal was a win-win situation for both his family and for Ren Baqian. Therefore, he felt pretty good.
"I will take the lead and work on this business first. This will prevent your inexperience from affecting the business and your relationship with Ren Baqian. When the business has become stable, I will pass it to you."
"Forget it, I am very satisfied with my current job." Chen Qing smiled.
"If your job can support your daily expenses, I would be satisfied too." Papa Chen chuckled.
Chen Qing burst out laughing as well.
When Ren Baqian reached home, he jumped and cheered in joy.
The profit he made this time around was much larger than he expected.
The advance payment of 2 million yuan was a huge sum of money to him. With this sum of money, he did not really need to worry about anything else.
He could buy a car and a house, and he no longer needed to stay in this small rented apartment.
And when the medicine was developed and hit the market, he could make money while lying on his bed.
However, this goal came with prerequisites—he first had to get the formula and the necessary ingredients for the black mud cream.
When Ren Baqian saw the lump of silver in his toilet, he threw it aside.
Now that he was going to receive 2 million yuan, he no longer needed to melt silver. He should take it back to Dayao Nation and see if there was anything worth buying.
A night had passed. The second day, Ren Baqian received a call and quickly took a cab to Papa Chen's office.
Papa Chen's office took up two levels of a commerce building downtown.
Chen Qing waited for him on the first floor. When they saw each other, they wrapped their arms around each other's shoulders and proceeded up the building.
The contract had already been prepared by the other party. Ren Baqian glanced at it and then signed. The only requirement stated on the contract was that he must provide the formula and ingredients in half a year's time. There weren't many clauses that he needed to take note of.
He wasn't worried that he would be scammed.
If that world possessed something so good like the black mud cream, it would definitely possess other good stuffs that were waiting to be discovered by him.
If Chen family scammed him, he would only suffer a small loss, but they would definitely suffer a huge one.
Right now, he only cared about the 2 million yuan. It was his main concern now.
After signing the contract, the money was directly transferred to Ren Baqian's bank account.
When Ren Baqian saw the series of numbers in the text message on his phone, he could only think of four words—free from all worries!