Chapter 218: Feather Queen Bank
"What Shirakawa-san means is..."
Although he had already heard Abe's report, Sasaki Kikuji's heartbeat was still a little faster.
“Shirakawa also comes from a farming family and has a deep understanding of the difficulties of agriculture.
This year's extreme weather with heavy snow is also a huge blow to agriculture.
Therefore, I have decided that Shirakawa Electric will provide a donation of 20 million yen free of charge.
It is used to subsidize farmers affected by the heavy snow for their losses.”
Twenty million?! Sasaki's heart skipped a beat. It was indeed a big deal.
This is already the largest donation received by the Akita Prefectural Government. Most local companies donate hundreds of thousands or millions of yen.
Even so, some companies use materials to offset the expenses, and the actual cash they pay out is even less.
There is no way, the size is here. After all, Akita is a backward area in the northeast.
At this moment, Kikuji Sasaki, who had received the promise, was already secretly calculating where the 20 million could be used.
With it, at least the affected farmers can solve their expenses on seeds and fertilizers for next year.
After all, the people who suffered serious losses were mostly those living in hilly areas, and the number of people was not that large.
In this way, if the government gives appropriate tax reductions next year, some of the problems can be solved.
As for the plains, since the damage is less , there will not be too much financial pressure.
In fact, the real big burden is the collapsed houses, which is where the government is under pressure.
Moreover, Akita is an autonomous prefecture, so it would be better to save as much as possible financially.
Therefore, it is already a rare opportunity for Shirakawa Electric to come up with 20 million.
As expected of a multinational corporation, its financial resources are astonishingly huge.
In this case, maybe the other party can really help with that matter.
Kikuji Sasaki was surprised by the financial strength of Shirakawa Denki, but in fact it was nothing to Shirakawa Kaede.
But having money doesn't mean you can be a goody-goody, as his money didn't just come from the wind.
Baichuan Feng took out the money for the sake of his hometown, otherwise... he would probably pretend not to see it.
"It is truly admirable that Mr. Shirakawa can come up with such a huge amount of money to help farmers in his hometown."
Sasaki Kikuji knew that this amount of money might not be much considering Shirakawa Kaede's wealth.
But what is commendable is that he can come up with the money, at least it is a real question of character.
"Excuse me, does Mr. Shirakawa have any plans to invest across industries?"
After thinking about it for a long time, he finally took advantage of the opportunity when Baichuan Feng donated a huge amount of money.
Kikuji Sasaki tentatively threw out the difficult problems that others had asked him for help.
"Huh?" Shirakawa Feng looked at the Akita Governor with some surprise.
He sought Shirakawa Electric's investment in Akita and asked him if he had any plans to invest in other businesses.
Is he so optimistic about Shirakawa Electric or himself? Shirakawa Feng was a little puzzled.
In fact, Sasaki also saw that Shirakawa Kaede threw out 20 million yen without any expression change, which made him guess that Shirakawa Kaede must be financially strong.
"That's it." Seeing the doubt in Shirakawa Kaede's eyes, Sasaki decided to open up the topic.
But when he thought about the complexity of the matter, he turned to his secretary and said, "Go and ask Ueda-san to come over."
"Hayi"
Baichuan Feng looked at the secretary's receding back, somewhat confused.
"Please wait a moment, Shirakawa-san. It would be better if Ueda-san explained the details himself.
Of course, if Mr. Shirakawa is not interested in other investments, that’s fine too, just treat it as getting to know other local entrepreneurs.”
Sasaki Kikuji had no intention of forcing Shirakawa Kaede, he was more of a discussion.
Bai Chuanfeng nodded, indicating that it was okay. And judging from the situation, the other party seemed to have already planned this.
He was also somewhat curious about which company was worthy of the personal support of the Akita Governor.
After a while, the secretary who had just left came into the meeting room with a middle-aged man in formal attire.
The other person's eyes lit up when he saw Shirakawa Kaede, and he first greeted Sasaki Kikuharu.
Then he immediately walked up to Shirakawa Kaede and bowed, "I am Ueda Cheng, the head of Ugo Bank. I am honored to meet you today, Shirakawa-san!"
Yuhou Bank?
Bai Chuanfeng's heart tensed, but he remained expressionless.
"Shirakawa Electric, Shirakawa Kaede. It is my humble honor to meet Mr. Ueda."
"Mr. Shirakawa, Mr. Ueda, please take a seat." Sasaki signaled everyone not to be polite and to sit down first before talking.
Although he was curious, Baichuan Feng did not rush to ask questions.
After sitting down, Sasaki began to introduce the information and background of the Ugo Bank.
Ugo Bank is a private, non-listed bank whose history can be traced back to the Meiji period.
It’s just because it was just a small bank when it was first established.
Although it has merged four or five other small local banks over the years, its scale has always been mediocre.
To date, its influence is mostly concentrated in Akita, Aomori, and Iwate, making it a true local bank.
Although the scale is not large, thanks to the economic development, life is actually quite good.
So why did the people from Yuhou Bank come to visit today?
Likewise, the bad thing is the heavy snow in the north this year.
As a local bank active in the northern part of Honshu Island, Ugo Bank's business is concentrated in lending, investment, and financial insurance.
So who do they lend money to, what industries do they invest in, and what businesses do they insure?
The answer is obvious: lend money to farmers, invest in agriculture, and guarantee the harvest.
So it can be predicted that this year's heavy snow in the north will cause the greatest damage to agriculture.
If farmers are unable to repay their loans, agricultural investments will fail, coupled with natural disasters such as extreme weather.
All previous investments of Yuhou Bank will become non-performing assets.
Not only was the loan unable to be recovered, but a large amount of cash was also required to pay the huge compensation brought by the insurance business.
Suddenly, the local bank that was doing well on its daily basis became a small bank with a large amount of non-performing assets and bad debts.
As the head of Yuhou Bank, it would be strange if Tian Cheng was not in a hurry.
More importantly, in addition to non-performing assets, Yuhou Bank also lacks cash flow.
Insurance compensation is related to credibility issues, and the money must be paid no matter what.
Otherwise, the bank’s credibility would be lost, which would be an absolute disaster for Queen Yu.
However, the shareholders behind the bank are unwilling to pay money to help Queen Yu overcome the current difficulties.
Helplessly, Ueda Cheng could only find Sasaki Kikuharu. After all, banks are the pillar industries of the local economy, and as the governor of Akita, he couldn't just stand by and watch them die.
This is indeed the case. Sasaki certainly does not want a bank originating from this county to encounter operational difficulties.
After all, this is one of Akita’s business cards, and the importance of banks to the local economy is self-evident.
Akita Prefecture only has these few local banks, and they must not allow any mistakes to happen.
Moreover, when Ueda Cheng came to visit Sasaki, he would occasionally mention the founder of Shirakawa Electric who had just returned home.
How could Sasaki, who has been immersed in politics for decades, not know what he meant?
Sasaki, who had been planning to introduce someone to him, saw that Shirakawa Kaede was indeed financially strong, so he pulled Ueda over without hesitation and they had a face-to-face talk.
While listening to Sasaki's introduction, Shirakawa Feng looked at the information about Yuhou in his hand with a thoughtful look in his eyes.
I didn’t expect that the cross-industry investment that the Akita governor mentioned was actually banking.
It's really unexpected.
“Please rest assured, Mr. Shirakawa, Ugo Bank has no bad history or credit issues.
If it weren't for the heavy snow this time, you wouldn't be troubled."
When Ueda saw that Shirakawa Kaede didn't say anything, he thought that he had some concerns about Ugo Bank.
So he explained it again, and Kikuji Sasaki next to him nodded in approval.
In fact, the reason why they looked for Baichuan Feng instead of those foreign capitals.
Another major reason is that Shirakawa Kaede is from Akita.
No matter where he made his fortune, it is certain that he is from Akita.
Moreover, Ueda and his team have also investigated and found that there is no shadow of other chaebols behind Shirakawa Electric.
Such a clean investor, who is also a native of Akita, is definitely the best choice for Ugo Bank to seek new investment.
Yes, as local banks, they are also afraid of traditional chaebols.
Especially in the financial and banking industries, as long as traditional chaebols intervene, the final outcome will inevitably be that they will be controlled by the latter.
Whether they play with finance or use various means, even if they are combined, they are still not enough to defeat the traditional chaebols.
Therefore, Shirakawa Kaede, who has a lot of clean money, is definitely an excellent candidate for Ugo Bank to seek investment.
“Ueda-san, Sasaki-san, because the investment amount involved is large.
I must discuss this matter with the company before I can give you a response."
Shirakawa Feng was both eager and cautious about the banking industry because he didn't understand this field.
Therefore, before making a decision, it is important to seek professional advice.
"Of course, today I am only giving Mr. Shirakawa a preliminary introduction to the situation of Yuhou Bank.
As for the follow-up discussions, I welcome them very much.”
Seeing that Shirakawa Kaede was interested, Ueda felt a little excited.
"Shirakawa-san, you and I are both from Akita. If possible, please consider it."
Kikuharu Sasaki was also present and recommended Ugo Bank.
"I will definitely consider it seriously." It is better to be cautious about such matters.
After exchanging a few more polite words with both sides, Baichuan Feng said goodbye and prepared to leave.
Regarding the follow-up cooperation and donations, both teams will continue to have in-depth discussions.
When Shirakawa Kaede returned to the nearby hotel where he was staying, the first thing he did was to call Arai Yu.
Among all the people who know well about banking matters, Baichuan Feng is the one who knows the most.
…
At the beginning of the new year, Hiroshi Arai and Professor Yamada were sitting together drinking afternoon tea.
Because he is older and there is not much work at Shirakawa Holdings, Hiroshi Arai is still on vacation at the moment.
"The New Year has already passed, and Baichuan hasn't come back from his hometown yet?"
Professor Yamada was puzzled as to why Shirakawa Kaede, who was always very busy, took such a long vacation this time.
Arai Yu smiled and said, "I heard that an investment was discussed in my hometown. Today, Shirakawa Electric even sent a team to Akita."
Professor Yamada was stunned. It turned out that this guy was really busy wherever he went.
I thought he had been staying in his hometown for too long and was feeling comfortable so he wanted to slack off .
Yu Arai also admires his new boss very much, who is simply a model worker.
If other young people had so much wealth, they would have probably spent their days in debauchery and kept women around.
"Mr. Arai, there's a phone call." Mrs. Arai's voice in the living room suddenly interrupted the old friends' reminiscing.
"Moshimoshi?... So it's President Shirakawa... What?! I know..."
After hanging up the phone, Arai Yu returned to his study with an expression on his face that was hard to tell whether it was strange or excited.
"Hey, what's wrong?" Professor Yamada looked puzzled.
"The road never imagined..."
"???" Professor Yamada.
