Author: Zhi Niao Cun
4.04 (73 ratings)
Translator: Kim_GuoEditor: Tehrn
Connecticut, USA, City of Groton.
In the new millennium, Pfizer unveiled the world's largest medicine research center here. With the world's most advanced facilities, it employed more than 700 researchers and it also owned the world's most advanced manufacturing and testing facilities. However, the company had been hit hard by generic drugs. Since last year, the world's largest pharmaceutical company experienced negative growth and had a 57% drop in net profits. Not only did its stock price drop, it was also experiencing severe cash flow issues.
Under such circumstances, CEO Steele set aside all his tasks to look for new sources of income. Issuing new corporate bonds was only one of these sources. Of course, due to decline performance, their ability to find financing was also shrinking.
When he heard that Huang Xuan had already raised $1.2 billion USD, Steele was amazed. He originally thought that it would take Huang Xuan at least a few months. Once he received confirmation from Citibank, he immediately went to inform the board. In the last quarter, the board had been putting a lot of pressure on him over these funding issues.
Connecticut is the third largest state in the Unite
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