Chapter 204 [The contest with the minister of the Ministry of Industry and Commerce!] (Seeking the moon
Seeing Hiro Ito hesitating, Wu Guangyao added fire: "Mr. Ito, to show sincerity, we are willing to hand over the automatic pull-tamping machine to Hitachi Machinery for long-term production. As for future cooperation, everything may be possible! Why does Mr. Ito want to settle everything now?"
The automatic pull-tamp press has been handed over to the Tokyo Machinery Factory for production, but now it is just a replacement for another Tokyo Machinery Factory!
Doing so will not affect your relationship with Burke Machinery at all!
Wu Guangyao is not only the second shareholder of Burke Machinery, but also the price of Burke Machinery's PG zipper is very favorable, so Wu Guangyao will not choose to betray him.
"Mr. Wu, I'm rude! Let's talk about the cooperation of ykk zippers next!"
Hiro Ito knew that this was the best result. Others’ automatic zippers were kept confidential, so they naturally could not hand them over to Hitachi Machinery, which had just cooperated with.
"Okay! As far as I know, Hitachi Machinery's shares do not have 51% of their shares; if our shares do not reach 51%, I think there is no need to continue everything, because we must have absolute control over pg zippers!" Wu Guangyao said with strength back.
"Mr. Wu doesn't need to worry. Now the YKK zipper employees are also in panic. As long as we reach a preliminary cooperation agreement, then what if we can do is to acquire the shares in the employees first and then conduct the transaction." Hiroshi Ito said.
"This is a good idea! Then Mr. Ito, what is your valuation of ykk zipper?" Wu Guangyao said.
"Value?" Hiro Ito asked back.
"That is the overall value of ykk. From now on, we will multiply the valuation according to the proportion of shares, which is the transaction price!" Wu Guangyao explained.
Hiro Ito immediately realized that the young man was indeed a little ahead of his time, as it can be seen from the factory management at the beginning.
Hiro Ito thought for a while, then talked with the Hitachi Machinery executive next to him, and then said, "We value the ykk zipper to be $2 million."
Good guy!
This group of people really dared to ask for it. A company that is about to go bankrupt can even dare to have a 30% premium.
After hearing this, Wu Guangyao was unhappy to speak and directly signaled Li Bing to take over him.
After arguing, the two parties finally settled at a valuation of US$1.6 million, but the transaction had to be completed in 10 days, considering that the ykk zipper is still depreciating.
.........
Hiro Ito and his party returned to Japan and immediately quietly acquired their shares from ykk employees.
The shares at this time are: 48% of Hitachi Machinery, 46% of Tadao Yoshida, and 6% of its employees.
Under the coercion and temptation of old foxes like Hiro Ito, many employees soon turned against each other and quietly sold 3% of their shares.
In this way, Hitachi Machinery has a 51% stake, Yoshida Tadao still has 46%, and the employee holdings are only 3%.
At this time, Tadao Yoshida also reacted and came to Hiroshi Ito: "President Ito, what do you mean? I secretly acquire the employee shares without hiding it?"
Hiro Ito had already thought of a word, and also planned a big conspiracy to plot against Tadao Yoshida!
"President Yoshida, our Hitachi Machinery plans to continue investing in ykk zippers to overcome this difficulty, of course, the premise is that we have an absolute controlling stake."
When Tadao Yoshida heard this, he was overjoyed. Hitachi Machinery increased its investment. That was a good thing, it was better than going bankrupt!
"If President Ito wants to increase investment in ykk zippers, he should tell me that we can dilute the shares and allow Hitachi Machinery to increase its investment!"
"Really?" Hiro Ito pretended not to believe it.
Hiro Ito wanted to laugh in his heart, because Hitachi Machinery wanted to be an allies with PG Zipper. If all the shares were sold, how could he become an allies?
Because Hiro Ito knows very well that once the pg zipper acquires the ykk zipper, the price will be increased across the board.
At that time, the profits of ykk zippers will naturally roll in!
As long as Hitachi Machinery has a 20% stake, it will make a lot of money!
So Hiro Ito had his eyes on the shares in Tadao Yoshida from the beginning;
Of course, first of all, you need to collect the employees' shares first, so that Hitachi Machinery can guarantee cooperation, and then draw on the shares in Tadao Yoshida.
Unexpectedly, Tadao Yoshida took the initiative to take the bait!
"Of course, as long as I overcome this difficulty, it doesn't matter if my shares are diluted to 20%!" Tadao Yoshida said generously.
Seeing that Tadao Yoshida was fooled, Hiro Ito immediately spoke, "Okay, according to the company's valuation of 1.6 million US dollars, Hitachi Machinery invested another 800,000 US dollars to invest. That is to say, after everyone's shares are diluted by 50%, our Hitachi Machinery will increase by 50%. What do you think?"
Tadao Yoshida thought about it and said that his shares were diluted by 50%, which would be only 23%.
After diluting the original shares of Hitachi Machinery by 50%, it is 25.5%, and with the 50% obtained from financing, it is a total of 75.5%;
The employee also holds a 1.5% stake!
Although his shares are only 23%, Hitachi Machinery will definitely make himself the president, which is better than falling into a pg zipper or going bankrupt.
"I promise, we can sign a contract tomorrow!" Tadao Yoshida said helplessly. He was forced to hand over his shares again, hoping to use this opportunity to stabilize the ykk zipper!
He reached an oral agreement with Tadao Yoshida and agreed to sign the contract tomorrow, Hiroshi Ito immediately called the PG zipper, asked the PG zipper to set off immediately, and went to Japan to sign a share transfer contract.
When I put down my phone, Hiro Ito felt a little complicated inside.
In fact, Hitachi Machinery did not occupy any superficial benefits this time.
First of all, Hitachi Machinery needs to pay 800,000 US dollars to zip ykk to increase Hitachi Machinery's shares, reaching 75.5% of the shares!
Then, Hitachi Machinery needed to transfer 51% of the shares of PG Zipper and obtained 816,000 US dollars, but the shares were only 24.5%.
After a while, I made $16,000, but lost 23.5% of my shares!
Of course, the account is not calculated like this. If there is no pg zipper in hand, the ykk zipper will only struggle to death and eventually go bankrupt;
However, if you want to take the pg zipper into the ykk, Hitachi Machinery must turn against you, because Tadao Yoshida is the stone in the pit - smelly and hard!
Tadao Yoshida will never hand over the company to foreigners. Tadao Yoshida is a person with a serious ethnic complex!
If Hitachi Machinery does not dilute its shares from Tadao Yoshida, then he will not be willing to give up!
Because Hiroshi Ito knew that if Hitachi Machinery was eliminated, the profits earned by ykk zippers in the future would have nothing to do with Hitachi Machinery, but would instead be cheaper to Tadao Yoshida.
In this war, it can be said that Hitachi Machinery and Tadao Yoshida are both losers!
Only, the pg zipper is the real winner!
.........
However, after Hitachi Machinery signed a contract with Tadao Yoshida, Hiro Ito did not talk much with Tadao Yoshida, but came to the airport to welcome the arrival of the PG zipper group.
"Mr. Wu, everything goes well! I have also made an appointment with the Minister of Economic and Finance - Ryutaro Takahashi. I believe there is no problem!"
Wu Guangyao nodded and asked curiously: "Mr. Ito, how many shares do you have in your hands?"
In Wu Guangyao's heart, he thought Hiro Ito had acquired more than 51%, so he wanted to persuade him to sell all of them to himself!
"To be honest with Mr. Wu, just this morning, our Hitachi Machinery increased its capital by 800,000 US dollars to raise ykk zippers! We have 75.5% of the shares in our hands, but we will not sell them all, and we will sell them to you at most 51%. Otherwise, we would rather break the tide! Of course, once we cooperate, our Hitachi Machinery is willing to support the ykk zippers!" Hiro Ito made up his mind and said that he was betting because he also saw that PG zippers attach great importance to ykk zippers.
"Haha, Mr. Ito, I misunderstood. It is our honor to be a partner of Hitachi Machinery!" Wu Guangyao was stunned for a second and a half, and then immediately said.
In just one second and a half, Wu Guangyao had seen through Hiro Ito's idea, just to get on the PG zipper boat!
Of course, as long as Wu Guangyao has absolute control, he doesn’t mind win-win cooperation!
This is Wu Guangyao’s usual idea, and cooperation will lead to win-win results!
If pg zipper wants to gain a foothold in Japan, these local snakes are naturally a good partner!
The group came to the Ministry of Economy, Trade and Industry of Japan, and Minister Ryutaro Takahashi received everyone!
"Mr. Wu, if you PG Zipper acquires our YKK Zipper, it is obviously suspected of violating the Japanese monopoly law!" Takahashi Ryutaro gave everyone a warning.
Wu Guangyao was calm and composed. Anyway, this minister couldn't control himself, so the acquisition failed at most!
On the contrary, Hiro Ito was anxious and said quickly: "Mr. Takahashi, we operate in a cooperative manner, and the company is a joint venture, and Mr. Wu is also here to invest!"
Ryutaro Takahashi did not comment or not, but looked at Wu Guangyao, obviously thinking that Hiro Ito did something unauthorized!
Wu Guangyao said with a smile: "Mr. Takahashi, in fact, I didn't want to compete with YKK zippers at the beginning. It was Mr. Yoshida who pressed him step by step. In the United States, we were helpless and fought back. Of course, these are all business matters, and Mr. Takahashi may not be willing to listen. But what I want to say is that if we didn't have our PG zippers to invest, YKK zippers would have to go bankrupt. At that time, many Japanese workers will be unemployed and you will lose much foreign exchange. But if we let us take over YKK zippers, then everyone will be happy!"
It’s a very realistic truth, Wu Guangyao no longer wants to talk about it!
These Japanese people really think that PG zippers are unable to make their zipper leading industry bankrupt.
"We can formulate trade protection to prevent PG zippers from entering the Japanese market!" Takahashi Ryutaro suddenly said shamelessly.
At this time, Wu Guangyao was also a little angry and said bluntly: "Mr. Takahashi, for a small zipper industry, you must formulate trade protection, so how do investors around the world view your Japan? Also, do you know how many tariffs you have to increase to protect ykk? It is 100%, this number will make you lose your reputation. You are the time to develop the economy and should not refuse investors. And after doing these, you will find that the zippers in Japan can no longer be exported, because we can snipe your zipper industry around the world!"
At this time, Wu Guangyao was full of confidence, and this minister would never dare to formulate trade protection easily!
If you can formulate trade protection today, you will lose your reputation and European and American countries will agree to target you. Wouldn't it be more worth the loss!
The important thing is that you can only guarantee the domestic zipper market; then, what protection do you use for the foreign zipper market?
"Mr. Wu, if you can agree to me with two conditions, our Ministry of Economy, Trade and Industry will not only not stop you, but will also give preferential conditions!" Takahashi Ryutaro said after hesitation.
Ryutaro Takahashi compromised. Once he really refused the PG zipper, the ykk zipper only went bankrupt and thousands of workers were unemployed.
It can be said that Japan has no benefit!
Chapter completed!