Lin Yao wasn't worried about Min Hong at all. At this point, the most important goal was to eliminate Jiang Liu and the "Morning Mist" that was parasitizing him. As long as this major task wasn't accomplished, any development plans or grand blueprints would be nothing but a mirage, meaningless and worthless.
Therefore, Lin Yao was in a very good state of mind at this moment. He returned to calm after being shocked by the bad news, as if he were listening to someone else's story, without any anxiety.
"Yao'er..."
Luo Jimin was surprised by his son Lin Yao's attitude. Instead of trying to find a solution, he seemed completely unconcerned. He couldn't help but think that his son might already have a plan and was deliberately making him and his wife anxious. With that thought, Luo Jimin regained his composure.
The whole family calmed down, much to the anxiety of the two people standing nearby: Xia Yuwen and Dika, who knew nothing about these things. Even the eldest elder, Yi Potian, and Yi Zuojun were not worried. The Yi family had never been afraid of difficulties, so their behavior was simply a matter of habit.
"Yao'er, you must have a solution. Tell Mom, and I'll make you braised pork knuckle and boiled fish tonight."
Lin Hongmei brushed a strand of hair behind her ear and looked at her son Lin Yao with a smile. In her heart, she had long believed, just like her husband, that Lin Yao had a solution.
"Of course there is a way, it's too simple."
Lin Yao proudly raised his head and said, "If they want it, we'll give it to them. We won't repay the loan; we'll just give them these mortgaged assets. Anyway, the pharmaceutical factory hasn't been mortgaged. It's such an easy thing. Why are you all frowning like this?"
"ah!"
Ah~~~
"ah!"
(!)
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Chapter 418 Nine People Pharmaceuticals T
Chapter 419 Minhong's Toughness (Fourth Update)
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The next day, a news story shocked the nation—Minhong Pharmaceutical had backed out. They weren't going to donate anymore!
Chengdu Minhong Pharmaceutical, a company that has been praised in the news for its philanthropy, has generously donated to build 1,000 Hope Schools. Unlike previous Hope School donations, this time the letter of intent signed between the Ministry of Education and Minhong Pharmaceutical mainly involves middle schools, rather than primary schools.
In the past, when Hope Primary Schools were built, the locations chosen were often remote mountainous areas and underdeveloped regions with inconvenient transportation. The land was allocated by the government, and the cost of building a Hope Primary School ranged from more than 300,000 to more than 3 million yuan. If it were a Hope Primary School, such a burden would be insignificant to Minhong Pharmaceutical.
Luo Jimin and Lin Hongmei, who initially signed the letter of intent, were laymen and knew nothing about education. They thought that a middle school would at most have higher desks and a larger playground, and wouldn't cost much more. However, they didn't expect that the Ministry of Education would set up the donated areas mostly in the prosperous locations of towns, villages, and even county towns that lacked junior high schools or even high schools. The budget scared the couple when it came out, but after an emergency analysis of their financial situation, they gritted their teeth and accepted it because Minhong's financial situation was very good and they could fully afford such a donation. It was also an extra help for children who are out of school now and in the future.
The initial donation of 11 billion RMB has been transferred to the Ministry of Education's account, but now Minhong is withdrawing its donation. While no request for the money to be returned has been made, the statement demands that Minhong's financial personnel be involved in the management and disbursement of funds. Furthermore, Minhong must hire third-party supervisory and auditing firms for every project funded by the current donation, with this additional funding to be paid by Minhong. The statement also invites a notary public to participate in the selection and hiring of these third-party supervisory and auditing companies to ensure fairness and impartiality.
Minhong's request was naturally rejected by the Ministry of Education. Once the money was in their pockets, no outsider was allowed to interfere with how it was used. They would naturally set up special funds to allocate funds at each level. However, as was customary, they could only turn a blind eye to the interception and offsetting of other funding gaps by lower-level units. Although the Ministry of Education also wanted to reverse this unhealthy trend, it was absolutely unacceptable to allow an unrelated outsider to participate and interfere, even if Minhong had given them money.
The Ministry of Education's response provoked a strong reaction from Minhong, who immediately countered by claiming that the donation misused the name "Project Hope." The Ministry of Education had confused Minhong's decision-makers by using the name "Project Hope" and "Project Hope Primary School," which should have been reserved for the China Youth Development Foundation.
Minhong filed a lawsuit and declared that it would fight to the end, which gave the people of the whole country a good show. This dealt a serious blow to Minhong Pharmaceutical, which originally had a very good reputation. Some commentators and scholars saw an opportunity and immediately wrote a flood of articles criticizing and commenting on the matter, and they all agreed that Minhong Pharmaceutical had committed fraud.
The key figures at Minhong Pharmaceuticals completely ignored media and online news reports, enjoying their lives peacefully. Employee resettlement was handled by a dedicated department, and relocation and job transfers across various locations were already underway. Several hospitals and clinics were even listed for sale; once a buyer appeared, Minhong would immediately repay the loans secured by those assets, reclaim ownership, and then resell them. This approach maximized asset value and prevented further losses.
After Lin Yao returned, Luo Jimin and Lin Hongmei felt as if they had found a pillar of support, and all the difficulties seemed less serious. They even trusted their son to let him decide on the matter of closing down pharmacies across the country and fully cooperated with him, as if reopening next time would be as easy as drinking plain water.
Despite media criticism and online hype, Min Hong remained unmoved.
On the third day, Minhong dropped an even bigger bombshell—Minhong Hospital and Clinic were closed.
The reason given was insolvency; the company was unable to repay its overseas debts of over 10 billion US dollars, so it had no choice but to accept the tragic outcome. It closed all its hospitals and clinics across the country except for Chengdu, and instead rented a storefront of no more than 100 square meters in a local city to continue selling drugs directly.
Everything was done to save money, because Minhong Pharmaceutical has never made money off its members! That's what Minhong's announcement said.
Incidentally, a rumor began circulating online, related to a tender on Minhong's official website. Minhong publicly tendered for legal detective and consulting firms nationwide. The tender was titled "Green Education," and the only requirement was to investigate and collect evidence; specific details would be discussed between the bidding companies and Minhong Pharmaceutical's legal department.
Rumors circulated online that Minhong Pharmaceutical had reneged on its donation of 11 billion RMB and was now willing to publicly offer 1 billion RMB to legitimate detective agencies to collect evidence of corruption within the education system. The rumor claimed the information would be released to powerful institutions such as the State Education Commission, the State Council, the Central Commission for Discipline Inspection, local procuratorates, and anti-corruption bureaus. It even detailed the investigation fees paid by key personnel, making the rumor highly credible. The rumor quickly spread online, much to the delight of netizens who thought a company should have been paying for such an investigation long ago, leaving the corrupt elements in the education system in a state of constant fear.
Compared to the entertainment and cathartic nature of rumors, the official announcement of Minhong's closure resonated much more strongly.
Minhong lacked professional hospital management experience. In the absence of professional management talent, the few key doctors and experts he hired couldn't make much of a difference. So each hospital rehired a large number of people, such as the president and vice president. These people kept applying to the head office to increase the number of positions and equipment, and described the local situation as extremely urgent, as if all the patients in the city would die in agony if their demands were not met.
This trend of exaggeration and overemphasis quickly spread to all outlets across the country, making Minhong's expenses even heavier, while management in each place became worse and worse, showing signs of a large state-owned enterprise with overstaffing and sycophancy. Fortunately, drug sales have always been independent of the medical service system, so they were not affected.
Minhong is simply too large, and most of the people responsible for core decisions are outsiders without professional training. Although they all come from the medical system, their previous positions and areas of expertise are completely different. Managing such a super-corporation cannot be done well by the wishes of any one or a few individuals. Professional expertise and institutional systems must be matched to get the job done effectively.
After seeing the financial data and related situations of Minhong hospitals across the country, Lin Yao simply decided to carry out a major reshuffle, gathering only those renowned experts in a few hospitals to specialize in treating specific critically ill patients, and refusing to treat minor ailments such as colds, fevers, and IV drips. The principle of only treating highly specialized patients, which had been established long ago, was overturned by almost every Minhong hospital under this chaotic management. They even started soliciting physical examinations from certain organizations, degenerating to the same profit-driven level as ordinary hospitals.
Meanwhile, Minhong published an announcement on its overseas English website, asking every lender who was pressing for repayment to contact Minhong's legal department, as Minhong began to clean up its asset structure.
This announcement was found by netizens and translated, then posted on domestic forums, making it clear to everyone that Minhong Pharmaceutical was determined to shut down all its hospitals and clinics nationwide. Hospitals that were overcrowded in the area due to their extremely low outpatient and medical fees were about to close down, which aroused dissatisfaction among many people. At that time, the criticism of Minhong Pharmaceutical became even more intense. Everyone had only one goal: to keep Minhong hospitals and clinics open and even expand them, instead of closing them down.
Min Hong no longer cares about public opinion and media criticism. He arbitrarily blacklists numerous authors, both named and anonymous, who have published malicious comments and articles, adding the following sentence: "If the whole world falls into darkness, Min Hong's light will never illuminate your lives!"
The unprecedentedly strong Minhong has shocked the entire society. The attitude and decisive actions shown by Minhong this time have made the public re-evaluate this company that has always been mild and even somewhat timid. Why does this company, which was most easily influenced by media and public opinion in the past, now dare to fight back against all unfavorable voices with the most resolute attitude?
Minhong Hospital is closing down, but its special clinics are resuming normal operations. This time, the clinics will no longer be open to the general public or subject to public voting. Minhong will only provide special treatment to those who have performed acts of bravery, and a limited number of special treatments will be offered to filial sons and daughters. As for the elderly, Minhong will not provide such treatment, but will only commend those who respect the elderly.
While people were analyzing online the emergence and disappearance of the Minhong Special Clinic and its relationship with the direction of the Minhong policy, Lin Yao was smuggling himself from Mong Cai into Vietnam with Elder Yi Potian, and then traveling to Kuwait. Three years ago, King Eliahosar, who was willing to pay 200 million euros for Lin Yao to make a medical visit, was now on his deathbed. This time, Lin Yao could extort 500 million euros. In any case, for these rich people, Lin Yao's heart was harder than diamond. He would feel guilty for smuggling himself if he didn't try his best to make money.
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"Dear Lin, it's so good to see you!"
Basil Winton strode over with a big smile, opening his arms to give Lin Yao a hug.
Lin Yao stretched out his palm, his brows furrowing slightly. The First Elder, Yi Potian, immediately used the energy of heaven and earth to form a ring in front of Lin Yao, keeping him at a distance of two and a half meters to prevent anyone from getting close, so as not to irritate Lin Yao with the mixed smell of body odor and perfume from the foreign man.
"Lin, what's wrong?"