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Chapter 215 General Acquisition Plan

Chapter 215 Comprehensive Acquisition Plan

1998 was a year of worry for the entire Asian economic circle. Last year, the financial storm that ravaged most of East Asia had already taken away the wealth accumulated by generations of middle-class people in many countries, allowing them to live a stable life with houses and cars, and suddenly fell to the bottom and turned into a penniless beggar. This huge psychological gap is even more difficult to adapt to than the sharp changes in daily life. Many people can withstand the ecstasy from poverty to wealth, but it is impossible for most people who have enjoyed a luxury lobster meal to return and eat braised vegetables. Many revolutionary outbreaks in history have been caused by this. This storm that originated in the financial field has also rapidly expanded to the political field, which has had a huge impact on the political situation of many countries!

After the initial turmoil, the financial markets in some countries began to stabilize, and the governments of most crises have stepped up efforts to reform the economy and financial systems. On January 26, the Indonesian central bank restructuring institutions was established and announced the implementation of comprehensive guarantees, and President Suharto also lifted the position of Givandono, the president of the central bank, who performed poorly in the financial storm, and appointed Sabilin, the director of the central bank, as the new president.

In early February, Malaysia announced the implementation of foreign exchange controls, which was criticized and criticized by Western countries. However, Malaysian President Mahathir was unmoved. He even criticized Soros namely at the Asian Leaders' Summit held in Japan that month, believing that hedge funds led by him were the mastermind behind the financial storm. Yang Xing and Robertson, who were at the meeting, were quite guilty and did not directly respond to his accusations.

At this time, Yang Xing felt that it was the kingly way to join forces with Robertson to keep secret operations secret. Soros, who did the opposite, not only made money through foreign exchange speculation, but also criticized the fiscal policy of the failed exchange rate from time to time. This kind of slap you and teach you the wrong behavior is indeed quite hated. Soros is already notorious in many East Asian countries. No matter where he goes, the government is facing a great enemy and surveillance on him. Therefore, in this battle to snipe the Korean won and the Japanese yen, he can only be Robertson's helper. He cannot attend the meeting in person. The only thing he can do is to fight a verbal battle with Mahathir in the United States.

"Soros is too high-profile. This is not the professional attitude we should have in our industry. After all, it sounds passionate to compete with a country, but it often ends up bitter." At this summit lunch meeting, Robertson held a buffet plate and whispered to Yang Xing while tasting the famous Japanese tuna sashimi. Yang Xing and Shirabi Watanabe had a heart-to-heart talk at Disney, and Shirabi Watanabe finally bowed to Yang Xing, a young man who was over 20 years younger than him. With his years of experience in the financial field, he proposed an amazing plan, but to involve the capital needs, Yang Xing happened to take advantage of the opportunity to attend the meeting to ask international financial giants like Robertson for advice, and the two gathered in Tokyo again.

Watanabe Shiraki was not very resistant to joining Xingfu Investment. There were almost no idiots when he reached his position. Yang Xing and he openly talked about the Yamaichi Securities scandal behind him, which was the initiator. Watanabe Shiraki was also mentally prepared for this. In business, he admired Yang Xing's methods. The other party coveted his company and it was understandable to use any means to achieve his goal. He could not think of a better trick than this when he was moved, especially with the help of internal conflicts in the company, they made them take the initiative to turn against Furong Consortium and Dazang Province, which was even more a great move. Now Yamaichi Securities has been abandoned by the public, and the consortium and the government have announced that they have given up. Yang Xing and others took advantage of the situation and naturally got most of Yamaichi's assets at a very low price.

Now the domestic offices of Shanyi Securities are filled with special searchers sent by the Tokyo Metropolitan Police Department. Most of the company's swear have been taken away. He, the scapegoat, does not want to take the blame, so he can choose to save himself. Moreover, he has promised to rescue many of the company's employees. Now only outsiders such as Yang Xing can save Shanyi Securities, the big ship that is entering the water!

Therefore, he made a very bold suggestion, which is that Xingfu Investment will change its acquisition plan and turn the original goal - only acquiring part of the overseas assets of Shanyi Securities into a full acquisition of the entire Shanyi Securities! Shanyi Securities is not insolvent, its overseas assets and the cross-holding shares of the Furong Consortium are both high-quality assets. Compared with the group's more than 24 billion liabilities, Shanyi Securities has a total assets of US$44 billion, even if it is because it is because

The bankruptcy of the group caused the shrinking of assets, and the total assets were still considerable. Once a full acquisition was initiated, even if the liabilities were offset, there would be a surplus of US$15 billion. No wonder Yasuda Ichinosuke and others wanted to divide Yamaichi Securities' assets at all costs. Yang Xing was moved when he heard this suggestion, and his eyes were lit up. His eyes were also meaningful. He thought to himself that the Japanese were conservative, but he did not expect that once he was forced into a desperate situation, he would do his best to break up with his boss completely!

Toru Watanabe also proposed a specific operation method, which is to adopt a circular and segmented acquisition method. It does not require finding 40 billion US dollars at a time. You can raise funds to purchase part of Yamaichi Securities’ assets at a low price, sell it at a high price after packaging and selling it at a high price, and then continue to acquire Yamaichi's next assets after making a profit. This is a method often used by hedge funds in corporate mergers and acquisitions. This proposal greatly reduces his financial pressure for Yang Xing. After calculation, it only takes about 15 billion US dollars to succeed. But this put Watanabe in a hostile position with his old boss Furong Consortium, and it is estimated that many old employees of Yamaichi Securities will also hate him. They cut off their ties with the Furong Consortium and sell the group's assets together. In the eyes of many people, he is probably no different from the former president. But Yang Xing felt that he had something to say and wait for his next article.

Shiro Watanabe's next words shocked Yang Xing deeply. He proposed the price of his willingness to cooperate with Yang Xing. First, he tried to ensure that the company's employees would not be fired. Of course, those rotten senior executives would definitely be uprooted, but middle and lower-level employees were not responsible for this, and there was no need to be collectively punished for the company's bankruptcy. Second, whether he could keep the name of Yamaichi Securities. This year is the 100th anniversary of the store's construction. The goodwill of a century-old store in Japan is very precious, and many old customers are also precious resources. If the new owner can help it make a comeback, Shiro Watanabe believes that he would not feel guilty when he went to hell to face his past presidents.

On the contrary, he did not make too high demands on himself. He even proposed that after the acquisition, he could try to portray him as a bad example of rebelling against the master and seeking honor, attracting employees' resentment. When the acquisition was over, Yang Xingda could kick him away, and he had no complaints. This made Yang Xing shocked the spirit of "self-abuse" in Japanese entrepreneurs for the second time. For entrepreneurs like him and Kazuo Wada, who regard employees' interests above everything else, Yang Xing could only say that they were still honorable even if they were defeated. Japan has not fallen through the Meiji Restoration and World War II. From the Tokyo earthquake to the Hiroshima nuclear explosion, the country stood up from the ruins again and again. This "samurai" spirit that can give up life and reputation is indeed extraordinary.

After following the advice of Toru Watanabe, Yang Xing approached Robertson to see if he could give him some advice. However, Robertson was not optimistic about this. He told Yang Xing, "The last time we dealt with Yamaichi, we were all beneficial to our three parties, so that we can work together to play the Japanese government and the Furong Consortium. With Yamaichi's scandal, we have a great opportunity to crack down on the yen exchange rate and the Tokyo stock market. JPMorgan Chase and others entered Japan's closed financial system and gained a financial foothold in Japan. You have obtained a list of overseas institutions and clients of Yamaichi Securities. But this time, your appetite is too big. Now Asian countries are tightening their money. Who dares to lend you 15 billion? Do you China have a famous saying, greed is not enough to swallow an elephant?"

Yang Xing's answer was very direct: "We don't just want Yamaichi's assets, the key is fame! At first I just wanted to get Yamaichi Securities' overseas assets and expand the tentacles of my financial kingdom. But Watanabe Tsuki reminded me one thing: Yamaichi Securities has an intangible asset in addition to physical assets, which is its fame. It is a century-old store, ranked first in Japan's securities industry before the 1990s, and is very famous in Asia and the world. My company is often ridiculed as a shallow foundation and has been established for a short time. This is very unfavorable in Asian business circles, but once we acquire Yamaichi Securities, we can make us famous all over the world in the shortest time."

Robertson, who is well versed in the Asian business community and has a deep understanding of corporate culture in Japan and other countries, has been pondering for a while and can't help but agree that Yang Xing's words are reasonable, but his investment style is closer to the stock market and foreign exchange market where investments are fast and profitable. He is not very interested in corporate mergers, not to mention that US$15 billion is a huge sum of money worldwide. He does not think that Yang Xing can easily solve it in a short time. Although he made up his mind not to get into this muddy water, Yang Xing, who is still a partner, of course he does not want him to fall into trouble. He considered it and pointed out a way for Yang Xing.

He told Yang Xing: "This matter is not completely unsolvable. The largest creditor of Yamaichi Securities is the Furong Consortium. Its core Fuji Bank and other companies cross-holdings account for the majority of Yamaichi Securities' debts. During this period, large financial institutions such as Hokkaido Tomoe Bank and Yamaichi Securities went bankrupt one after another. In order not to cause social unrest, Tao Zang Province specially approved about $100 billion in special financial responsibility funds to assist bankrupt companies in a smooth transition. It reserved about $5 billion for Yamaichi Securities. If you can handle the Furong Consortium and let them stand by when you take action, with the 5 billion special funding support of Tao Zang Province, you only need to find another $5 billion to start the full acquisition of Yamaichi Securities."

Yang Xing was very moved when he heard this. This time he had withdrawn US$3 billion from the high profits in the foreign exchange market to launch a partial acquisition of Yamaichi Securities. Now Yamaichi Securities and overseas consortiums have reached an agreement to sell some of the company's assets. In addition, it declared bankruptcy and customers withdrawing the financial investment it kept, the original US$44 billion in assets and US$24 billion in liabilities have shrunk to US$35 billion in assets and US$20 billion in liabilities. About 10 billion of the US$20 billion in liabilities are from the Furong Consortium. If they can keep their troops and get special funds, he will indeed have the capital to launch an offensive after raising US$5 billion. However, Watanabe Toru has completely broken up with the Furong Group. The last scandal incident forced the Minister of the Ministry of Tsang Province to step down. Why do they support Yang Xing and the others now?
Chapter completed!
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