Chapter 482: Sky-high Price Purchase
Just one moment, we received the news that Fuji Heavy Industries had changed its course, and the next moment we were told that Fuji Heavy Industries no longer existed.
The newspaper that Tatsuro Toyota threw on the ground had very simple content, which was the official disclosure of various data on the transactions behind Fuji Heavy Industries.
This newspaper comes from the Mainichi Shimbun. As the parent company of Shirakawa Holdings, it has more accurate information than other media.
The string of zeros following the number in the newspaper made Kitagawa Hiroshi shudder with fear.
At the end of August, Shirakawa Holdings, Nissan Motor Co., Ltd. and Fuji Heavy Industries, Ltd. officially signed an equity transfer agreement.
According to the latest news from our newspaper, Shirakawa Holdings acquired 20% of Fuji Heavy Industries' shares from Nissan at a sky-high price of 690 billion yen.
At the same time, Industrial Bank also sold 2.3% of its shares in Fuji Heavy Industries for 80 billion yen.
Industrial Bank's original shareholding ratio dropped from 5.3% to 3%.
Shirakawa Holdings, which acquired 22.3% of Fuji Heavy Industries' shares for a total of 770 billion yen, officially became the largest shareholder of Fuji Heavy Industries at that time.
After taking undisputed control of Fuji Heavy Industries, Shirakawa Holdings and Fuji Heavy Industries held a joint press conference.
In order to improve Fuji Heavy Industries' operating conditions and cope with changes in the global market, Shirakawa Holdings will continue to increase its capital in Fuji Heavy Industries by 240 billion yen.
The funds will be used to adjust Fuji Heavy Industries' global business direction, expand overseas markets and build new production bases.
After a series of restructuring and capital increase, Shirakawa Holdings currently holds 28.3% of Fuji Heavy Industries' shares.
There is no doubt that Fuji Heavy Industries has ushered in the Shirakawa era today!
In addition, at the press conference, Shirakawa Holdings and Fuji Heavy Industries jointly announced that Fuji Heavy Industries will officially be renamed "Subaru Corporation" from today!
"Subaru Corporation..." Kitagawa Hiro muttered to himself as he looked at the glaring name on the newspaper page on the ground.
770 billion yen was used to take control, and an additional 240 billion yen was invested to improve the operating conditions of Fuji Heavy Industries... no, to improve the operating conditions of Subaru.
What a huge deal! 1.1 trillion yen, or nearly 9.2 billion U.S. dollars!
After all, I still underestimated the financial strength of Shirakawa Holdings. There is no doubt that this sky-high acquisition fee will definitely be the largest acquisition case in Japan in recent years.
It is precisely because of Shirakawa Holdings' arrogance that Nissan and its parent company, Industrial Bank, would sell their shares in Fuji Heavy Industries without hesitation.
After a battle of wits and courage, his secret plan had not yet been carried out to the end before he was defeated by the opponent's money.
The power of money was unstoppable even in Japan’s golden age.
Simple and crude, yet efficient and effective.
With a wry smile, Beichuan Yang should no longer consider this series of mergers and acquisitions.
Perhaps he should worry about his career at this time, since Baichuan Holdings was able to finalize the cooperation in such a short time.
Then they must have heard some news. If they just do some research, they will know who is behind it.
Alas, now not only has Shirakawa Holdings been offended, but also Toyota Motor.
Really... really lost both the lady and the army~
Not to mention Kitagawa Hiroshi's secret regret and anxiety, how could the series of changes in Fuji Heavy Industries happen so suddenly?
Let's go back to one day ago, after learning that people from Kogyo had secretly met with the Sumitomo Zaibatsu in Osaka.
Shirakawa Kaede realized that Fuji Heavy Industries was not as welcoming to the entry of Shirakawa Holdings as he had imagined.
Considering the recent negative comments in newspapers about Fuji Heavy Industries going bankrupt, it is very likely that other investors are also eyeing Fuji Heavy Industries.
As for whether it is the Sumitomo Zaibatsu, it is no longer important, and Shirakawa Kaede has no intention of going to Sumitomo to test the waters.
In order to avoid any trouble at night, Baichuan Feng decided to cut the Gordian knot.
Because of a private agreement reached with the Hisahara family and the Fujita family, Nissan has basically agreed to transfer its shares to Shirakawa Holdings.
However, there is still a slight disagreement between the two parties on the selling price. Shirakawa Holdings intends to acquire Nissan's shares at a 5% premium over the current market price.
However, the Ayukawa family wanted to raise the price by 20%. They themselves were hesitant about selling their shares in Fuji Heavy Industries, and the reason they agreed was because the other two families acted as lobbyists.
But since I want to sell it, of course I have to sell it at a good price.
According to their understanding, Shirakawa Kaede, the head of Shirakawa Holdings, should be very interested in Fuji Heavy Industries.
So when it comes to price, the Ayukawa family insists on their own pricing.
There is a difference of 15% between 5% and 20%. Currently, the market value of Fuji Heavy Industries is around 3 trillion yen.
A 20% market value is 600 billion yen, a 5% premium is 630 billion, and a 20% premium is 720 billion.
This is a gap of nearly 90 billion yuan. With such a huge gap in interests, Shirakawa Holdings will of course try its best to deal with Nissan.
Originally, the progress was quite smooth, and both parties had bargained the price to around 15%, but things happened in Osaka disrupted Shirakawa Kaede's plans.
The shadow of the Sumitomo Zaibatsu and the turbulent undercurrents in the media industry made Shirakawa Kaede give up his original plan of taking it slow.
The six traditional chaebols are still not something that Shirakawa Holdings can compete with.
Therefore, as soon as Shirakawa Kaede learned the news, he notified Arai Hiroshi and signed a share transfer agreement with Nissan at a 15% premium.
Since Fuji Heavy Industries is likely to attract the attention of a giant, don't hesitate and strike first.
So 690 billion yen, this is the price that Shirakawa Holdings paid for acquiring 20% of Fuji Heavy Industries.
At the same time, in order to avoid any further complications, Shirakawa Kaede also took the initiative to visit the head of Industrial Bank, Kawakami Hirokazu.
After a round of bargaining, Shirakawa Holdings also acquired 2.3% of Industrial Bank's shares at a similar premium.
Of the 80 billion yen, Shirakawa Holdings will pay 50 billion yen in cash, and Industrial Bank will sign an agreement with Shirakawa Holdings to provide a loan for the remaining 30 billion yen.
Baichuan Holdings does not need to repay this part of the money first, but of course interest is inevitable.
In fact, Baichuan Feng doesn't lack this money at all, but there is nothing he can do about it because of business.
After this round of quick cuts, it is almost a foregone conclusion that Shirakawa Holdings will become the controlling shareholder of Fuji Heavy Industries.
However, because the financial teams of both parties needed to recalculate the assets of Fuji Heavy Industries, the official announcement was delayed.
Although the market capitalization of listed companies is a reflection of their overall value, true asset valuation needs to be conducted separately.
Similarly, asset accounting for large enterprises cannot be completed in a short period of time, and it cannot be done without a month.
Fortunately, this part of the work was carried out after the first shareholders' meeting within Fuji Heavy Industries, so it has not been delayed for too long.
In addition, the heir of the Nakajima family has been contacting Shirakawa Kaede frequently recently, and it is obvious from his attentiveness that his purpose is not pure.
However, it just so happened that Shirakawa Kaede also wanted to use his hand to complete the final layout of Fuji Heavy Industries.
So in a private room of a high-end izakaya, Shirakawa Kaede first treated the Minister of Education with great courtesy.
He then praised his contributions to Neon culture, and that gesture of recognition surprised and delighted Nakajima Gentaro.
Don’t be fooled by the fact that these politicians appear to be decent people on the outside. In fact, they need a lot of financial support every time they participate in an election.
Therefore, politicians are also very polite when facing the heads of chaebols.
People like Nakajima Gentaro, whose family has fallen on hard times, might privately curse people like Shirakawa Kaede as nouveau riche.
But when they met, his true nature was instantly revealed with that pug-like look on his face.
Face? The last thing a politician should care about is face.
As a result, with both parties having their own thoughts, the atmosphere at the table was harmonious and warm.
At the end, when Shirakawa Kaede intentionally or unintentionally turned the topic to elections, Nakajima Gentaro immediately complained bitterly.
It's nothing more than that Fuji Heavy Industries is losing money and the family's income is in trouble, and the funds for the next election are tight.
While complaining, he was also looking at Baichuan Feng eagerly, and his expression looked as if the word "begging" was written all over his face.
How could Baichuan Feng not know what kind of people these politicians are?
He smiled slightly and began to lament the seriousness of the internal problems of Fuji Heavy Industries.
Losses are one thing, but there are also big problems in the management and operation of the company.
For example, there are often rumors that Fuji Heavy Industries always has some inexplicable financial expenses and that decision makers are financially opaque.
At this point, how could Gentaro Nakajima, who has a keen sense of smell, not know what's going on?
So he calmed down and began to rack his brains to recall all the scandals of the president and vice president of Fuji Heavy Industries.
As one of the shareholders and also a government official, Gentaro Nakajima is actually well-informed.
Otherwise, he would not have tried every means to make an appointment with Shirakawa Kaede. Nakajima Gentaro knew very well who was the real core in this series of events.
While he was thinking hard, Baichuan Feng quietly took out an anonymous check and placed it on the table.
Then, after nodding goodbye to Gentaro Nakajima, he left the izakaya.
Looking at the check on the table, Gentaro Nakajima fell into deep thought.
However, after carefully checking the amount, he immediately put the check into his pocket without leaving any trace.
Gentaro Nakajima stood up slowly and was still thinking about how to handle the matter on his way home from the pub.
As soon as he got home, his wife told him that she had received a package sent to him today. Confused, Nakajima Gentaro opened the package. After seeing the information inside, his expression changed several times.
It was truly an astonishing move. All that was laid out before Nakajima Gentaro were all kinds of negative information about the president of Fuji Heavy Industries.
Even the time and place of the incident are available, and there are even photos as evidence.
Even Wenchun would probably feel inferior to him in terms of this skill.
While he was shocked, Nakajima Gentaro was also a little uneasy, wondering if he had been seen through by others.
After hesitating for a long time, for the sake of the check, Gentaro Nakajima finally handed the information to his reliable subordinate.
What happened next had nothing to do with him, and the check had already been transferred to the account of his family member.
So after Shirakawa Holdings, Nissan, Industrial Bank, and Fuji Heavy Industries officially signed the contract, the first thing to be exposed was the negative information about Toshihiro Tajima.
Toshihiro Tajima, who was just feeling complacent and thought he could still dominate Fuji Heavy Industries for a few more years, was knocked unconscious by this punch.
This... this... Looking at all the detailed negative information in the newspaper, Toshihiro Tajima collapsed directly in his chair.
But after the panic, he immediately got up and called Baichuan Feng, and began to cry about his experience.
