A few days later.
Major dostic costic brands such as Wani, Bolaiya, Natural Hall, and Bai Cao had all received so news, to varying degrees.
At Bolaiya, Chairman Hou personally conducted a eting with the shareholders.
"Our R&D center’s technicians, through information from teachers at the Science Academy and channels at the patent office, have confird that iyue Group has developed more advanced makeup technology. That’s why I’ve gathered everyone here today to discuss this matter," he said.
One of the shareholders, with a sense of superiority, began, "What’s the current market value of this group? Can’t we just acquire it?"
The current market value of Bolaiya was 40 billion, with a few billion in available cash flow. If the other party was still a small fry, a takeover strategy was entirely feasible.
Chairman Hou glared at this shareholder and said, "This is a state-owned enterprise!"
"Ahem," the shareholder who suggested the acquisition choked a bit, admitting the suggestion was sowhat presumptuous.
Another shareholder chid in, "Many of the technical staff in the state-owned enterprise are hired externally. As long as the compensation is sufficient, we can still poach so of them, right?"
Chairman Hou frowned and said, "Shouldn’t you check the administrative rank of this state-owned enterprise before repeating that?"
"This is an institution under the jurisdiction of the Hall Master of National Services. Even our big brother at the provincial level has to step back three feet; are you full and now want to poach their technicians?"
Chairman Hou felt that giving these people a platform to speak was a mistake.
He had to assert his authority and said, "This technology is very likely real, considering the potential impact on our dostic top-tier brands’ market value, the upper echelons have opted not to disclose it. Yet, they’ve let us know through internal channels. Taking advantage of this eting, I plan to have our CEO go to Jiangcheng tomorrow to attend the founding ceremony of iyue Group."
"To my knowledge, representatives from other top-tier dostic costic companies have already headed to Jiangcheng. Thus, we must act urgently, because the news I’ve got from Jiangcheng’s richest man, President Guo, is that iyue Group intends to support dostic products going global. However, who gets the support and who gets the technological supply authorization depends on our attitude and enthusiasm!"
A shareholder frowned and said, "Chairman, aren’t we being too pessimistic? I do not believe that iyue Pharmaceutical’s costic technology can outperform companies like ours that have been deeply engaged in research for many years!"
Chairman Hou gave his secretary a look.
Understanding the cue, the secretary used the remote to turn on the projector behind them.
The screen displayed a slide from the lab that deliberately made public multiple sets of technical data to various companies nationwide.
Several shareholders squinted their eyes.
They didn’t quite understand the details, after all, they were not technicians.
Seeing their bewildered looks, Chairman Hou gave another look, and the secretary opened another prepared video.
The video showcased internal tests iyue Group conducted on various skin types present in the marketplace.
In the video, different technologies were evaluated on users suffering from chronic dark circles, spots, sallow and dull skin tones, and faces marred by skin diseases and acne scars.
In details, it even covered facial repair technologies for older n with sagging under-eye bags and nasolabial folds, conducting a comprehensive technological survey.
After watching, the re term ’effective’ was not enough to describe it; the shareholders exclaid, "This can’t just be called science research; are they actually using ’Fairy Water’? Is iyue’s technology really this powerful?"
The most impressive were the users with severe dark patches, red and purple acne scars who could rejuvenate their skin within three days through three treatnt sessions; the level of improbability even made Photoshop masters exclaim in awe!
And that serum, once applied to the face, maintained peak skin condition, effectively keeping up a perfect luminance for three days, which was also ridiculously good!
Seeing their astonished expressions, Chairman Hou slowly said, "This is iyue Group’s highest efficacy technology. I’ve heard that the group plans to divide and supply the technological quality to various dostic companies, categorizing it into three market levels. Those getting Grade A technology authorization will handle the front lines, including international markets!"
"Technology authorization for Grade B will significantly reduce the efficacy, but even the Grade C technology authorization can comprehensively outperform foreign top-tier brands like Lancô."
"In simple terms, iyue Group’s goal is to allow dostic products to consu the global market overseas!"
Chairman Hou, with a stern face, looked at all the shareholders present and earnestly said, "But you must understand, iyue has no obligation to consider the face of any brand! With the technology they own, supporting anyone could help them sit on the international throne. So I hope you realize that even though we are currently the number one dostic brand, in front of this new opportunity, we are nothing!"
"Our stock can still hold steady because iyue hasn’t publicly disclosed the technology yet. But once the group is established and the technology is made public, if our group isn’t on the support list, you know better than I do what will happen to our stock!"
"This ti, our goal is not only to secure authorization but also to strive to obtain Grade A technology supply authorization!"
The shareholders present instantly broke out in a sweat and swallowed hard.
Just then, the previously indifferent shareholder urgently asked, "Where’s the CEO now? Isn’t he headed to Jiangcheng yet? Shouldn’t we be getting there ahead of ti?"
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