Chapter 2621 Privatization and Debt

In Western developed countries, there will always be a social model of meritocracy.

Especially in Japan, this situation is even more common.

It is an exaggeration to say that the more than 100 elites of the six consortiums are the leaders of Japan, but if they unite together, basically there is nothing they cannot do in Japan.

Moreover, the Japanese have a closed personality that is unique to oriental people. No matter what kind of business model they adopt internationally, 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 cannot develop in Japan.

For another example, Nokia and Motorola were so powerful in the 1990s, but they didn't even have a chance to develop in the Japanese market-let alone tens of millions of units, they didn't even sell hundreds of units a year!

There are also many examples that can show that Japan is a market that is completely closed and played by itself. Only they go out to fight the world, and no other companies can enter.

Of course, this is not an absolute thing.

At least two or three years later in the previous life, IPHONE mobile phones entered the Japanese market and quickly dominated the world of high-end mobile phones.

Then followed by Samsung's mobile phone, which also quickly entered, and competed with Apple for the first and second positions just like in other places.

Sony, the former leader in mobile phones, can only be ranked third by struggling.

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

As long as you do as well as Apple's IPHONE, even Japan, an extremely conservative consumer country, will also submit to you.

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

Therefore, in the eyes of these six major consortiums, 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 Xiannv Company acted aboveboard. They asked UBS and Citibank to help buy shares, and they bought large sums of money while the Japanese stock market was in a panic. Now it has reached more than two-thirds of the majority , It is entirely possible to propose the privatization of Sharp. This is allowed in all stock market laws.

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

But this is also the practice of investment and securities companies’ acquisitions. Usually they will use many accounts to acquire stocks, and each account can only acquire up to 4.99% of the stocks, which will not meet the reporting requirements.

After all the acquisitions are completed, they are combined under one account, which forms a large-scale holding.

this way. Not only Xiao Qi is often using it, but many other companies are also using it, if you stick to this point. It will look very stingy.

Therefore, it is now among the six major consortiums. Although I am very dissatisfied with Samsung Group and Xiannv Company, there is no way to find fault with the operating procedures.

Sharp is a member of the Sanwa consortium in the Kansai region. Although the Sanhe consortium ranks low among the six major consortiums, its strength must not be underestimated.

In one's consortium, a pillar industry is about to be acquired, not only a crisis, but also a shame.

Although Samsung and Xiannv Company are powerful, if calculated according to the consortium model, Xiannv Company is weaker than Sanhe Consortium.

Although the Sanhe Foundation has more than 70 clubs. Together, the market capitalization is also less than Fairy Company, but they have deep influence in various industries. But it is not comparable to Fairy Company, let alone Samsung Group.

They know that Xiao Qi cannot be defeated in terms of money. After all, everyone knows that Xiao Qi has a cash flow of more than 200 billion US dollars.

Except for Xiao Qi, it is impossible for any other company to have so much cash flow, so if you fight with Xiao Qi in this regard, you are asking for trouble.

However, they have no way to find fault with the system, because this time it is the well-known UBS and Citibank that helped Xiao Qi and Li Jianxi acquire the shares of Sharp Corporation. If the acquisition is illegal this time and they want to deny it, The first to offend is the two giants.

With the influence of UBS Group in Europe and the influence of Citibank in the United States, it is conceivable that the United States and the European Union will jump out at that time and teach the little Japanese brothers how to behave.

There is no way to care about money, and there is no way to manipulate the acquisition method. So is the Sanhe consortium helpless?

of course not!

Sharp has two major creditors, Japan's Mizuho Industrial Bank and Japan's Bank of Tokyo-Mitsubishi UFJ.

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

Over the past few years, Sharp owes as much as 12.8 billion U.S. dollars. Although it has rich assets, there is not much left when combined.

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

Not only now, Xiao Qi also knows that the two major banks will also support Sharp Club in the future, and Sharp has thus become a club that lives on loans.

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

Debt itself is not a problem, Xiao Qi has plenty of money.

But the problem is that Sharp has signed an agreement with the two major banks. When they are unable to bear the debt and go bankrupt, or when the owner of the property changes, the two major banks have the priority to dispose of assets.

What does that mean?

From the point of view of this acquisition, if Sharp now applies for bankruptcy regeneration procedures, then Japan’s Mizuho Industrial Bank and Japan’s Mitsubishi UFJ Bank are the top priority creditors’ rights handlers, and there is reason to take out Sharp’s core assets , and then hand over the empty shell and some meaningless property to Xiao Qi and Li Jianxi, so that Xiao Qi and Li Jianxi's plot will not succeed at all.

Naturally, this approach is still somewhat troublesome.

The difficulty is that now Samsung Group and Xiannv 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 it's one thing not to approve it, but another thing to make an effort.

Isn't that what America does often?

As long as I disagree with your acquisition, there is no need for any reason, just say no.

Naturally, the Japanese government will not be inclined to Koreans and Chinese people on this issue, so it is a feasible way to actively mediate and finally get a satisfactory result for everyone.

Therefore, after discussing with the Sanwa Foundation, Mizuho and Mitsubishi Bank, Takahashi Shunkei, the chairman of Sharp, immediately filed a "bankruptcy regeneration application" with great fanfare.

At this juncture, it is really jaw-dropping for Sharp to do such a thing.

This is purely shameless!

However, the attitude of the Japanese government is somewhat subtle.

They were very vague about this obviously unreasonable request, they only said that the two sides should discuss carefully, rather than engage in confrontation, and hope that Sharp will do well, instead of making it fragmented, and everyone will not be able to play well.

Faced with such a situation, Li Jianxi himself opened fire in South Korea.

"Sharp Club's practice is a violation of business principles! The Japanese government is even more helpful! If everyone behaves like them, who would dare to do business with the Japanese? Not only me, Mr. Xiao Qi is also very indignant about this , if our privatization process is hindered, we will do whatever it takes to let these people know what Thunder Fury is!"

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

Wade, the president of Citibank, criticized the behavior of the Japanese government and Sharpe at an annual economic meeting that day: "These Japanese are not serious about the economy all day long, and they all do crooked things! I I think the three major rating agencies should conduct another round of evaluations on them! Shouldn’t such a country be downgraded?”

Mochiyev, president of Citibank Asia, also said in the conversation that day, "If this kind of behavior is not stopped, then we should worry about whether the legitimate rights and interests of people who go to Japan to do business can be protected. Citibank may If they cannot protect their safety, it is up to the U.S. government to demonstrate its fair and just power!"

Ok.

The words of these two people are simply very mean.

In particular, Wade actually incited the three major rating agencies to downgrade Japan's sovereign credit. This is a big deal!

Haven't you seen that Greece, Spain, Portugal and other countries have made so many troubles because of their credit downgrades?

For this reason, the officials of the Japanese economic and industrial departments can only speak out, saying that neither the Japanese government nor the Sharp Corporation have this intention, but it is only at the stage of discussion now, so it has caused everyone's misunderstanding.

How to deal with it specifically depends on the law.

Although the words of these officials are not the same as saying nothing, but with such great pressure from the outside world, naturally they dare not go too far.

Also because of the noise, Sharp's privatization and debt issues suddenly became the focus of the world! (to be continued ~^~)