Chapter 594 Negotiation
Three days later.
Lin Qi met with representatives from Sony and Panasonic in the office of the North American branch in San Francisco.
Sony and Panasonic took advantage of the decline of Xinfei Electronic Technology Company and took advantage of the decline of the company.
But Xinfei Electronics' plate is too big after all, even if it plummets, it has a market value of US$38 billion. So much so that Sony and Panasonic each invested US$3 billion, and a total of US$6 billion in large purchases. However, the two companies' shares accounted for only 15% of the total! It still cannot shake the controlling shareholder position of Xinchuangye Electronics Group, which holds 41% of the shares.
Although Lin Qi didn't think these Japanese companies were kind-hearted, he had already invested in the shares, and the third and fourth largest shareholders were still willing to meet each other.
Unexpectedly, Sony's representative was Akita Yuki, while Panasonic's representative was Hirotani Hiroya.
Qingtian Xiongri was originally just a middle-level cadre. After the acquisition of Shaw Brothers' film business failed, theoretically, even if he did not resign, he should have been assigned to a idle position to retire. However, he was able to re-represent Sony to discuss big business, which shows that his background may be quite low.
As for this Yutani Hiroshi, there is little information, but he should not be considered a small person who can be sent for negotiations.
"Welcome to both of you." In the reception room, Lin Qi said calmly to the two visitors.
The overseas attacks of Japanese companies are often wolves tactics. The relationship between Japanese chaebols and governments is not public or private.
On the contrary... the Japanese consortium has a very close relationship with the government. It can be said that you have me and I have you. The Japanese government regards the interests of large Japanese consortiums as the overall economic situation of Japan. Ordinary middle-class people can be sacrificed, but even if the Japanese consortium suffers huge losses, the Japanese government has to rescue them.
Later, the so-called lost thirty years in Japan was mainly due to the prevalence of corporate speculation, banking and consortium speculation in Japan during the bubble economy era.
After the bubble collapsed, many people slandered ordinary Japanese people for speculation. However... Later, the data reality was that after the Japanese economic bubble, the worst assets came from corporate credit, that is, they had no collateral, and were unscrupulously loaned to real estate, stocks or other assets based on the credit limit granted to enterprises by banks.
Later, the most serious default was the corporate speculative real estate. The large number of bad debts in the Japanese banking system all came from those corporate speculative behaviors.
On the contrary, even if the real estate prices collapsed, the default rate was very low even if the real estate prices collapsed.
Basically, after the collapse of Japan's bubble economy, it was to use the meat cut from ordinary people who were very tolerant to feed the bad debts caused by companies that failed speculation.
Of course, that was a reflection that failed later...
The myth of Japan's economy after World War II also comes from the fact that the Japanese government interferes in the financial industry and lowers the interest rate of Japanese bank loans. Even very bad companies can still get low-interest loans. Japan's savings rate is extremely high, basically, it is equivalent to those rich consortiums who are constantly investing with the savings of ordinary people.
At the beginning, there were still a large number of high-quality projects, which led to the quality of Japan's economic growth. But later, most of the departments that created effective employment and benefits had good profits and did not require bank loan financing. Later, the quality of the projects that were financing became worse and worse. As a result, a large amount of resources mismatched into the speculative field, the paper wealth in the speculative field was once more brighter than the industries that really created wealth.
Simply put, Japan's later economic recession was more stubborn, and it was stubborn that the series of policies that caused Japan's economic takeoff were correct, but many problems were exposed, but they were covered up by financial statements.
"I met Mr. Lin, but this time Mr. Lin has a lot of trouble. Although Xinfei Technology Company is not small in scale, its foundation is weak after all, and there is not much political foundation. Anti-monopoly investigation, perhaps we have some resources to help Mr. Lin." Akita Yuri said proudly, "After all, we have special relationships with the United States, and Japanese companies have a deep influence on the Japanese government. In essence, we can lobby the United States through Japan's political power. The influence of the United States, our old Japanese consortiums are definitely not comparable to those of you, a nouveau riche without background."
But his heart was different. In the snatch of Shaw Brothers Cinema, he thought he had the advantage, but in the end he was fooled by Lin Qi, which made him extremely angry.
Therefore, in addition to discussing cooperation, this guy is more important to get back the face he had lost before. Even if he takes advantage of it verbally, imagine that this business giant who once despised him like a grass worm actually asked for help for them one day, and he was so proud in his heart!
"Fortunately, I have asked more professionals to deal with this kind of thing. I believe that the professional team will handle it very well. After all, antitrust investigations are not only available today, but have a history of more than half a century. There are a large number of reference cases and teams to study this kind of thing. This kind of thing is more on the table and using programs to fight against programs. The political transaction behind the scenes may not be sure to win." Lin Qi ignored this villain and directly raised the topic, "But why are you here today? If you just want to add insult to injury in front of me, there is no need to! After all, the two companies behind them also bought the stock of Xinfei Electronic Technology and are our shareholders."
"Well, Mr. Lin, the purpose of our visit is mainly to increase our holdings of Xinfei Electronic Technology's stock. There are not many stocks circulating in the market now. We hope to hold more stocks so that we can better tie up with Xinfei Electronic Technology's interests." Yutani said, "We Panasonic, once in the era of video recorders, was a industry standard setter for video recorders. But now, VCD has surpassed video recorders and an entertainment platform for more than 200 million families around the world. Even with the antitrust law, we are still optimistic. Therefore, Panasonic hopes to invest and increase the equity ratio by a large 25%!"
"Sony means that too! We also hope to increase the equity to 25% at most!" Qingtian Xiongri said anxiously.
Lin Qi looked at the two of them. They came from different companies, but they were in a unified manner. They should have formed a relationship of joint actors under the leadership and coordination of the Japanese government. Both companies wanted to obtain 25% of the shares, which combined was 25%. So, in fact, Xinfei Electronic Technology Company is equivalent to a change of time!
So, Lin Qi shook his head and said, "For the time being, I won't consider selling any of them!"
"Mr. Lin, even if you don't sell it, Philips will definitely sell it! They originally owned 40% of the shares, but now they are estimated to be less than 25% left, and they will continue to sell..." Yutani said.
"Please feel free!" Lin Qi shook his head and said.
"Okay, Mr. Lin, if you don't sell, our other negotiators should be discussing equity trading with Philips." Yugu Guang said regretfully, "If, after the transaction is reached, we can eat some retail stocks and get 50% of the equity! Moreover, we can buy according to the current market valuation. As the anti-monopoly investigation is dragged down, the stock price may fall further. Even if you want to sell, you will not be able to sell the good price."
"Sorry, you have found the wrong person. I am not a speculator who makes the difference, but a controlling shareholder of Xinfei Electronic Technology Company." Lin Qi shook his head and said, "There is no need to discuss equity transactions!"
"So, can the patent authorization of CD-rom and VCD production be discussed?" Hirotani said after thinking about it. In fact, Panasonic, as the largest manufacturer of video recorders, almost monopolized most of the patents in the video recorder era and also occupied half of the video recorder production.
However, the popularity of video recorders is far less than that of VCD, and the annual production and sales of video recorders did not exceed 10 million units at its peak. However, it has brought amazing profits to Panasonic.
Although the price of VCD is cheaper than that of a video recorder, its market potential is ten times that of a video recorder!
It is precisely because Panasonic wants to make vcd, but it is difficult for most of its patents to be monopolized in the hands of Xinfei Electronic Technology Company. Without Xinfei's patent marking, the CDs produced cannot be read by most optical drive machines. In this way, niche machines naturally cannot compete with the vcd that forms the mainstream trend.
"This...is not impossible!" Lin Qi thought for a while. Anyway, he still had to authorize some companies to distract from anti-monopoly investigations.
Chapter completed!