Age of Dreams

Vol 2 Chapter 2621: Privatization and debt

In Western developed countries, there will always be an elite social model. ∈♀,

Especially in Japan, this situation is even more common.

It would be too exaggerated to say that the more than one hundred elites of the six major consortia are dominated by Japan, but if they are united together, there is basically nothing that cannot be done in Japan.

Moreover, the Japanese have the unique character of being grouped and closed, which is unique to the Orientals. No matter what kind of business model they adopt in the world, the Japanese market basically prevents other companies from entering.

To give a very simple example, Wal-Mart and Carrefour are invincible all over the world, but they just can't develop in Japan.

For another example, Nokia and Motorola were so arrogant in the 1990s, but they didn't even have the opportunity to develop in the Japanese market-let alone tens of thousands of units, and no sales of hundreds of units a year!

There are many other examples that can show that Japan is a market that is completely locked up for their own play. Only they go out to fight the world, and no other company can enter.

Of course, this is not an absolute thing.

After at least two or three years in the previous life, mobile phones entered the Japanese market, quickly unifying the world of high-end mobile phones.

Then there was Samsung's mobile phone, and quickly walked in, and competed with Apple for the first and second place just like everywhere else.

The former mobile phone boss can only be struggling to rank third.

So, nothing is absolute, it just depends on whether you are willing to work hard and whether the product you make is very good.

As long as you are as good as Apple, then even Japan, an extremely conservative consumer country, will be equally surrendered.

But that is just a product. The pillar clubs of these six consortiums in Japan have never been acquired by foreign companies.

Therefore, it seems to these six consortiums that Sharp’s acquisition and privatization is a very serious issue. This hole must not be opened, otherwise more Japanese clubs will be acquired in the future. Japan's economy and society will also be infiltrated by foreigners, which will affect Japan's national economy and people's livelihood.

However, this time Samsung Group and the Fairy Company made an upright move. They asked UBS Group and Citibank to help buy shares. They took advantage of the panic in the Japanese stock market to buy a lot. Now it has reached more than two-thirds of the vast majority. , It is entirely possible to propose the privatization of Sharp, which is allowed in all the rules of the stock market.

If there is a bit of a violation, it is the purchase of more than 5% of the shares. It must be reported to the stock exchange market and the Sharp Corporation to know, but they failed to do so.

But this is also the practice of placing and acquiring by securities companies. Usually, they will use many accounts to purchase stocks, and each account can only purchase 4.99% of the stocks at most, so that it does not meet the reporting requirements.

When all the acquisitions are completed and they are combined under one account, a large-scale holding is formed.

This method is not only used by Xiao Qi a lot. Many other companies are also using it, if you hold onto this point. Will appear very stingy.

Therefore, among the six major consortia, although they are very dissatisfied with Samsung Group and Fairy Company, there is no way to pick faults from the operating procedures.

Sharp is a member of the Sanhe consortium in the Kansai region. Although the Sanhe consortium ranks low among the six consortia, its strength cannot be underestimated.

In his own consortium. A pillar industry is about to be acquired, which is not only a crisis, but also a shame.

Although Samsung and the Fairy Company are strong, if you follow the consortium model, the Fairy Company is weaker than the Sanhe Consortium.

Although the Sanhe Foundation has more than 70 clubs. Together, the market value is less than that of the Fairy Company, but their in-depth influence in various industries is not comparable to that of the Fairy Company, let alone the Samsung Group.

They knew that money could not defeat Xiao Qi, after all, everyone knew that Xiao Qi had a cash flow of more than 200 billion U.S. dollars.

Except for Xiao Qi, no other company can have so much cash flow, so if you fight Xiao Qi in this regard, you are completely asking for trouble.

However, they have no way to find faults in the system, because this time they helped Xiao Qi and Li Jianxi buy shares of Sharp Corporation, the famous UBS Group and Citibank. If this time the acquisition is illegal and they want to not recognize it, The first offense is these two giants.

With UBS's influence in Europe and Citibank's influence in the United States, it is conceivable that the United States and the European Union will come out and teach the Japanese little brothers how to behave.

There is no way to care about money, and there is no way to deal with the acquisition method, so is there no way for the Sanhe consortium?

of course not!

Sharp has two major creditors, namely Mizuho Corporate Bank of Japan and Bank of Tokyo-Mitsubishi UFJ.

Among them, Tokyo-Mitsubishi UFJ Bank is the largest commercial bank in Japan, and Mizuho Corporate Bank is a bank of the Mizuho Group, which is the second largest financial group in Japan, and it can be described as strong.

Over the past few years, Sharp owes as much as $12.8 billion. Although it has substantial assets, there is not much left.

That is the nature of the Japanese consortium, so the two major banks kept lending to the Sharp Corporation without letting it get into trouble.

Not only now, Xiao Qi also knows that in the future the two major banks will also support the Sharp Corporation, and Sharp has therefore become a society that relies on loans.

If Samsung Group and Fairy Company were to privatize Sharp Club, then they would also have to bear a debt of 12.8 billion US dollars.

The debt itself is not a problem, Xiao Qi has money.

But the problem is that Sharp signed an agreement with the two major banks. When they can't afford debts or bankruptcy, or when the property owners change, the two major banks have the priority right to dispose of assets.

What does that mean?

From the perspective of this acquisition, if Sharp is now applying for bankruptcy and regeneration procedures, then Mizuho Corporate Bank of Japan and Tokyo-Mitsubishi UFJ Bank are the top priority debt processors, and there is reason to take out Sharp’s core assets. , And then hand over the empty shell and some meaningless properties to Xiao Qi and Li Jianxi, so that Xiao Qi and Li Jianxi's plot would not succeed at all.

Naturally, this approach is still a bit troublesome.

The difficulty is that now Samsung Group and Fairy Company have applied for privatization. As the management and the family in power, they do not own the largest shares of the company, so such a request will not be approved.

But disapproval is one thing, and whether to work hard or not is another thing.

Doesn't the United States do this often?

As long as I don't agree with your acquisition, then there is no reason, just say that I don't agree.

The Japanese government is naturally not inclined to Koreans and Chinese on this issue, so it is a feasible way to actively mediate and get a result that everyone is satisfied with in the end.

Therefore, after discussing with the Sanhe Consortium, Mizuho and Mitsubishi Bank, Sharp’s chairman Shunqing Takahashi immediately filed a “bankruptcy regeneration application” with great fanfare.

At this juncture, it is really jaw-dropping that Sharp Club has done such a thing.

This is pure shame!

However, the attitude of the Japanese government seems a bit subtle.

They are very vague about this apparently unreasonable request. They just say that they require both parties to negotiate carefully, not to engage in confrontation. They hope that Sharp will be good instead of being fragmented, and everyone is not playing well.

Faced with such a situation, Li Jianxi himself started shooting in South Korea.

"Sharp Club's action is a violation of business standards! The Japanese government is even more abusive! If everyone follows them, who would dare to do business with Japanese? Not only me, Mr. Xiao Qi is also very angry about this. If our privatization process is hindered, we will let these people know what Thunder Fury is at all costs!"

Xiao Qi didn't say anything, but his die-hard Citibank did.

Citibank President Wade criticized the actions of the Japanese government and Sharp at an annual economic meeting that day: "These Japanese people don’t take economic seriously all day long, and they all do something crooked! I! I think the three major rating agencies should conduct another round of evaluations on them! Shouldn't such a country be downgraded?"

Mochiev, President of Citibank’s Asia Region, also said in the conversation that day, “If this behavior is not stopped, then we should worry about whether the legitimate rights and interests of those who go to Japan to do business can be protected. Citibank may It cannot protect their safety ~www.wuxiaspot.com~ It should be up to the U.S. government to show the power of fairness and justice!"

Ok.

The words of these two people are simply mean.

Especially Wade, inciting the three major rating agencies to downgrade Japan's sovereign credit, this is a big deal!

Have you not seen Greece, Spain, Portugal and other countries because they have been downgraded by credit, so have so many things to do?

For this reason, officials from the Japanese economic and industrial departments can only speak out and say that neither the Japanese government nor the Sharp Corporation have this meaning. It is just that they are currently in the discussion stage, which has caused everyone's misunderstanding.

How to deal with the specifics, everything is in accordance with the law.

Although these official remarks seem to have not been said, but with so much pressure from the outside world, naturally they dare not do too much.

Also because of the noise, the privatization and debt problems of Sharp Club suddenly became the focus of the world! (To be continued...) u

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