Chapter 220 Arrogant
On January 6, Shirakawa Kaede visited the Akita Prefectural Office again.
Unlike last time, this time there were two more people by his side, Yutaka Arai and Professor Yamada.
Government building, reception room for last meeting.
"Sasaki-san, Ueda-san," Shirakawa Kaede said hello to his acquaintances after entering the reception room, and then introduced Professor Yamada and others behind him to them.
There was also one more meeting participant at Yuhou Bank.
Tsuyoshi Motoyama, one of the major shareholders of Ugo Bank, currently serves as the vice chairman of the shareholders' meeting.
Both parties sat down, and Sasaki, who was at the head, stood up and spoke first.
“I won’t go into detail about the two parties attending today’s meeting. One party is the pillar of Akita’s financial industry, Ugo Bank.
On one side is Shirakawa Electric, a powerful multinational electronics technology company.
The purpose of this meeting is to resolve the operational difficulties of Yuhou Bank.
Of course, all of this is done on the basis of mutual consent and friendly communication. "
Because it was a closed-door meeting, the Akita Prefectural Government took the lead in finding new investors for Ugo Bank.
The operating risks of the latter have already been mentioned last time.
Therefore, no one avoided the issues that Yuhou Bank was facing at the moment.
A frank and open discussion can solve the problem more effectively, and it also concerns the credibility of the Akita Prefectural Government.
Moreover, Shirakawa Kaede is also a native of Akita. If a trap is set for him deliberately, it will be very detrimental to the unity within Akita.
Therefore, the information on the table at this moment detailed the various assets and debts of Yuhou Bank.
"I believe that Mr. Baichuan is sitting here with a certain sincerity."
Sasaki Kikuji looked at Shirakawa Kaede on his right, who nodded in agreement.
Sasaki then turned his attention to the Ugo Bank on the left, "Then Ueda-san and Motoyama-san have no objection to Shirakawa Denki's possible joining in the future, right?"
The latter two also nodded, indicating that they did not object to Shirakawa Denki becoming one of the shareholders of Ugo Bank.
"That's great." Sasaki Kikuji nodded with satisfaction.
Once everyone reaches a consensus, then further progress will be possible.
"Mr. Ueda, why don't you first tell me about the current difficulties of Ugo Bank and the problems that need to be solved urgently."
It was still Kikuharu Sasaki who presided over the meeting and made the speech.
Ueda Cheng put down the documents in his hand and crossed his fingers, "The main problem of Yugo Bank at present is that there are too many non-performing assets.
Loans to farmers cannot be recovered in the short term, and investments in agriculture are basically at a loss due to the heavy snow.
In addition, agricultural insurance business also requires large amounts of capital expenditure.
So the biggest difficulty facing the Ugo Bank right now is…” Ueda Cheng paused as he looked at everyone, “lack of funds.”
Unable to recover loans, investment losses, and insurance compensation, these problems put Yuhou in a difficult situation of capital turnover.
From this we can estimate that Yuhou Bank’s own deposit business is also at a very low threshold.
Perhaps it is because the deposit business is sluggish, or it may be that Yuhou Bank has invested too much deposit money in the above-mentioned businesses.
This has led to the current situation of funding shortage.
Despite all the difficulties, Yuhou Bank still has a net asset of more than 40 billion.
Then it can almost be concluded that this part of the net assets is most likely real estate.
Considering the dozens of branches under Yuhou Bank, it is not difficult to guess the specific information about this part of real estate.
Hiroshi Arai and Professor Yamada looked at each other and understood everything.
The cash reserves of Yuhou Bank are in danger. A gleam of light flashed in the eyes of the two men.
Without saying a word, Arai Yu winked at Shirakawa Kaede.
After getting the signal from the two seniors, Baichuan Feng immediately had an idea about this negotiation.
When Sasaki Gang turned his gaze to Shirakawa Kaede at the conference table, the latter spoke in time.
"Mr. Ueda, I'm sorry to ask you a question. How much working capital does your company need to solve its current difficulties ?"
Ueda Cheng and Motoyama Tsuyoshi were both excited and asked directly how much was needed.
It seems that the other party is indeed very powerful. Perhaps the solution to Yuhou Bank’s current problems will really fall on the other party.
"The funds currently required by Ugo Bank are approximately..." Ueda Cheng wanted to say a number that would be enough to unlock all the problems of Ugo Bank.
But after thinking about it, he gave a conservative figure, "30 billion yen."
In fact, he wanted to quote a higher number, but was afraid of scaring Baichuan Feng, so he gave a discount in the end.
Even so, after quoting 30 billion, Ueda Cheng hurriedly handed over the information in his hand.
"Shirakawa-san, please rest assured that Ugo Bank has other assets. Most of them are investment holdings in other companies. Please take a look."
Shirakawa Kaede took it and took a quick look. They were all local companies in Akita.
Apart from agricultural companies, most others are first and second industries with low added value, such as food processing, animal husbandry, and wood manufacturing.
The only thing that interested him a little was a comprehensive trading company called Sanchuan Trading.
And a chain store engaged in the sale and rental of entertainment equipment, which has some shadow of the retail industry.
But its scale is limited, and its influence is mostly concentrated around Akita Prefecture.
However, Shirakawa Feng also understood that the most common industries in Akita were agriculture, forestry and animal husbandry.
An investment like that of Yuhou Bank can only be considered average, with nothing particularly eye-catching about it.
Shirakawa Kaede handed the information in his hand to Arai Hiroshi and Professor Yamada, and then turned his attention to Ueda Cheng.
"Mr. Ueda, please forgive me for being frank. The assets of Ugo Bank are not very special.
On the contrary, there are too many non-performing assets, which seriously affects the asset allocation of banks.”
Upon hearing Shirakawa Kaede's opinion on Ugo Bank, Ueda Cheng and Motoyama Tsuyoshi were immediately disappointed.
Even Kikuji Sasaki, who was at the top, couldn't help but want to say something.
"But..." Baichuan Feng did not give them a chance to speak, "Considering that Yugo Bank is a company that originated in Akita Prefecture, I am also from Akita Prefecture.
Therefore, Shirakawa Electric can consider increasing the capital of Ugo Bank."
"Mr. Shirakawa is indeed a great man in Akita Prefecture. He has done such a noble deed for the sake of his hometown's economy. I admire him."
Before anyone else could speak, Sasaki Kikuji had already started to speak nicely.
"That's right, that's right..." Ueda Cheng and Motoyama Tsuyoshi nodded repeatedly.
"Everyone, I can invest in Yuhou Bank, but there are conditions."
How could a deal be done so easily? It would be foolish not to take this opportunity to negotiate terms.
Baichuan Feng's speech immediately made the originally lively atmosphere in the conference room quiet again.
Sasaki and Ueda Cheng looked at each other, and finally Sasaki spoke.
"Mr. Shirakawa, if you have any conditions, please put them forward and we can discuss them together."
"That's right, that's right..." Ueda Cheng and Motoyama Tsuyoshi nodded eagerly.
Baichuan Feng was not polite and stated his intention directly.
"There are too many shareholders behind Ugo Bank, which makes it difficult for the company to make a centralized decision."
Sasaki paused, while Ueda Cheng and the others looked at Shirakawa Kaede in astonishment.
This is indeed a bit too direct...
Since so much investigation has been done on Yuhou Bank, Shirakawa Feng naturally also knows everything about the shareholders behind it.
There are more than a dozen shareholders behind a local bank.
The equity is also quite dispersed, and there is almost no absolute controlling stake.
Such a shareholders' meeting is unreasonable for a local bank.
The bank is in its development and pioneering stage, so there must be a strong person to lead everyone to make progress bravely and diligently, so that the company can grow stronger.
Otherwise, opinions are too scattered, quarrels every day are enough of a headache, and it is extremely difficult to reach a consensus and make a decision.
So you want Shirakawa Feng's money? Sure, but you have to change the shareholder structure first.
Sasaki Kikuharu seemed to be hesitant to speak, while Ueda Cheng and Motoyama Tsuyoshi also looked conflicted.
They wanted Baichuan Feng's money, but were worried about the shares they held.
"Everyone," Baichuan Feng spoke again, instantly attracting their attention.
"I have studied the debt of Ugo Bank, and I believe that 30 billion yen is far from enough to solve the bank's bad debt problem.
Therefore, Shirakawa Electric can provide additional funds on this basis.
It is used to solve all the short-term and long-term problem assets of Yuhou Bank.
Ueda immediately leaned forward, "How much?"
Baichuan Feng looked at him and said casually, "Including what Ueda-san just mentioned, 50 billion."
Ueda Cheng and Motoyama Gang took a deep breath and looked at Shirakawa Kaede in a daze.
The head of the conference table, Sasaki Kikuji's eyes widened. Five... fifty billion?!
How much money does Shirakawa Kaede have?
This was the only thought in Sasaki and the others' minds at this moment.
50 billion yen, 200 million US dollars, is there any company in Akita that can come up with so much cash at one time?
Sasaki racked his brains for a long time but couldn't find the answer.
This is cash, which is completely different from market value.
Based on this speculation, the size of Shirakawa Electric... Sasaki even felt afraid to think about it at this moment.
No, Shirakawa Kaede-san is from Akita, so Shirakawa Denki should also be a local company in Akita.
Akita City needs Shirakawa-san, and Akita City needs Shirakawa Denki.
Not to mention the crazy shouting in Sasaki's heart, the two people from Ugo Bank have not yet come to their senses.
They felt that the 30 billion they proposed was already a huge ask, and estimated that no Akita company could come up with so much cash.
They also learned from Sasaki that Shirakawa Electric was a multinational company, which is why they directly offered such a sky-high price.
The number that Ueda wanted most was 40 billion, but he just gave a discount because he was afraid of scaring people...
Now I think I was too conservative and poverty limited my imagination.
50 billion is almost double the 30 billion.
Does Ueda feel moved by this number? Of course he does.
With this money, all of Yuhou Bank's problems can be solved.
But things like this...
The more Baichuan Feng invested, the more their shares were diluted.
"Shirakawa-san, this is a serious matter, and Ueda cannot make the decision. So I have to go back and discuss it before I can give you a reply."
In the end, reason prevailed over greed, and Ueda Cheng took a deep breath before giving his answer.
"Of course," Shirakawa nodded, "But please tell your shareholders, Ueda-san, that Shirakawa is willing to buy out their shares at a 10% premium, and the 50 billion yen capital increase will remain unchanged."
So arrogant...
Ueda almost nodded in agreement, but he still nodded seriously, then got up and left.
He was afraid that if he didn't leave, he would not be able to help but agree.
Looking at the other person's departing back, Shirakawa Feng turned his gaze to Sasaki Kikuji at the end of the long table.
