Ye Tian shook hands with the other person, "Hello, District Chief Wu."
This District Chief Wu was not a big shot in the city; otherwise, he wouldn't have been assigned to greet guests. Not many people knew him. Ye Tian called out his name as soon as he arrived, which made District Chief Wu feel a bit flattered. "Mr. Ye, do you know me?"
Earlier, Ye Tian had overheard the district chief talking with a few people from a distance in the car, so he knew his identity.
Of course, he couldn't say he didn't know him at this moment. He smiled and said, "Many of my friends know of District Chief Wu's great reputation."
District Chief Wu waved his hands repeatedly, "Not at all, not at all. I am just a public servant serving everyone. Mr. Ye, please come in."
Upon entering the hotel's first floor, guides led Ye Tian and Lin Ziyi to the auction venue on the sixth floor. The sixth floor was a huge banquet hall, extremely luxuriously decorated.
At this moment, there were already quite a few people in the banquet hall, and the stage had been set up. Ye Tian saw many familiar faces, all popular big stars.
Zhou Tianxing and others followed closely and entered the hall. Everyone had friends they knew, so they went to greet their acquaintances.
Ye Tian didn't know many people. He casually found a seat and waited for the charity auction dinner to begin.
After sitting for a while, Lin Ziyi went to the restroom. Ye Tian, bored, took out his phone to check the day's news. As soon as he opened the news page, a headline caught his eye: Tiangu Group had acquired three domestic pharmaceutical companies for 150 billion yuan. After the acquisition, Tiangu Group would become the number one pharmaceutical group in China and the fourth globally.
Ye Tian found it a bit strange. The profitability of these three pharmaceutical companies was not very good. Why would Tiangu Group acquire them?
Just as he was wondering, Lin Ziyi returned from the restroom. She sighed softly and said, "We won't be able to get the naming rights today."
Ye Tian: "Didn't they say it could be obtained for 500 million?"
Lin Ziyi shook her head, "We encountered a lunatic. Tiangu Group offered one billion."
Ye Tian: "One billion for naming rights?"
Lin Ziyi: "Who would have thought? It's as if the money isn't theirs."
Just then, someone nearby said, "Look, the boss of Tiangu Group is here. He's so young."
Ye Tian looked over and saw a man around thirty years old, followed by more than a dozen attendants, walking briskly into the hall. As soon as he appeared, many prominent figures from politics and business stepped forward to converse with him.
"What is the origin of Tiangu Group?" he asked Lin Ziyi.
Lin Ziyi: "I'm not too sure. It's as if they suddenly appeared."
At this moment, a middle-aged man with a short beard walked over and said calmly, "The predecessor of Tiangu Group was called Jiangbei First Pharmaceutical Group, which was a nationally renowned pharmaceutical enterprise ten years ago. Six months ago, a person named Jin Tiangu acquired the pharmaceutical factory, and successively acquired several other pharmaceutical companies, and then established Tiangu Group."
Ye Tian glanced at the speaker. The other person nodded slightly and smiled, "I am Liu Jiansen, the boss of Kangle Pharmaceuticals."
Ye Tian: "So, you are Boss Liu. My surname is Ye, and I run a Baozhi Company."
Upon hearing it was Baozhi Company, Liu Jiansen was greatly surprised and quickly extended both hands, "I've heard of your great name! I heard your company's annual profit is over a hundred billion. Alas, Kangle Company's revenue is only tens of billions, with a profit of only a few hundred million. We can't compare!"
Ye Tian was a bit puzzled, "Why is the profit margin for pharmaceuticals so low?"
Liu Jiansen: "Some are basic medicines, which are not profitable. But these medicines concern the interests of ordinary people. If no one manufactures them, patients will have to buy similar drugs that are ten or even a hundred times more expensive. Our factory produces too many of these types of medicines, which leads to low profits."
Ye Tian couldn't help but feel a sense of respect for Liu Jiansen, "Boss Liu is an entrepreneur with compassion."
Liu Jiansen sighed softly, "What's the use of having compassion? We still can't compete with capital."
Ye Tian: "Oh, what do you mean?"
Liu Jiansen glanced at Jin Tiangu, "Tiangu Group wants to acquire my company and offered 60 billion yuan."
Ye Tian was stunned, "With profits of a few hundred million a year, he offers 60 billion?"