Chapter 239 Shirakawa Electric’s listing agreement

Author: quiet thoughts

Chapter 239 Shirakawa Electric’s listing agreement

Facing Watanabe Ichiro's smiling face, Shirakawa Kaede also smiled and nodded.

“I went back to my hometown this New Year and felt deeply that Akita lags behind Tokyo.

Therefore, wherever I can, I also want to contribute a little to the economic development of my hometown.

And because there are too many things going on here in Tokyo, I really can’t leave for a long time.

So I can only ask Arai-san to stay in Akita and take care of me on my behalf."

"I see." Ichiro Watanabe nodded, "I heard that Shirakawa-san's investment in Akita covers a wide range of industries?"

"It can be said that" Shirakawa Kaede said with a truthful expression, "manufacturing, tourism, local finance, and even the service industry are involved.

After all, the place is remote and does not have such comprehensive industry services as in Tokyo.

Therefore, in some areas, Baichuan can only reluctantly take action personally."

"Shirakawa-san's words are wrong." Ichiro Watanabe shook his head with regret, "First Bank is also keen on investing in the local economy.

For example, in local finance, we have rich experience and a complete set of plans to support local economic development."

"Yeah, that's really a pity." Bai Chuanfeng seemed to realize it later, regretting his slow reaction.

Everyone is good at acting, no one is worse than anyone else.

"I see that Arai-san seems a little overwhelmed." Ichiro Watanabe said with concern.

"I haven't been back to Tokyo for almost three months. How are you doing? Do you need help from the First Bank?"

"That's not necessary." Bai Chuanfeng expressed his gratitude to the first persuader for wanting to help.

"Arai-san will return to Tokyo soon, and" Shirakawa Kaede paused, "to be honest, this investment is also entrusted by the local government.

Local businesses are in crisis and time is urgent. I don’t have time to think about it, so I just want to support my hometown club.

So we acted quickly and provided some assistance in a timely manner.”

"So that's it?" Ichiro Watanabe nodded clearly, and then didn't ask any further questions.

Phew~ It’s finally over here.

But just after a round of confrontation, Bai Chuanfeng thought that the matter was over.

The other party suddenly changed the topic and turned in another direction.

"Shirakawa-san, if I remember correctly, Shirakawa Electric was established almost two years ago, right?"

Bai Chuanfeng didn't know what he wanted to express, so he could only nod his head calmly.

"It's true. In two or three months, it will be the second anniversary of the establishment of Shirakawa Electric."

"It's been two years, time flies so fast." Ichiro Watanabe first nodded with emotion.

Then he pointed out something, "Then in one year's time, it will be the third anniversary."

"What Watanabe-san means?" Bai Chuanfeng seemed to understand.

However, before he could think about it, Ichiro Watanabe raised three fingers.

"After the third anniversary, Shirakawa Electric will be ready to go on the market."

Sure enough, it turned out to be waiting for me here.

No wonder Bai Chuanfeng didn't believe that the other party knew nothing about his actions in his hometown.

Bai Chuanfeng even had reason to believe that the other party already knew everything.

I just took advantage of Fujitsu today to remind myself.

First Bank has assets invested in Shirakawa Electric, and has a certain interest relationship to some extent.

I wasn’t worried before, but if Bai Chuanfeng had his own bank.

Even local finance may leave itself alone in the future and go through the listing process alone.

In that case, wouldn’t First Persuasion Bank’s previous investments be in vain?

So at this moment, Ichiro Watanabe looked at Shirakawa Kaede with burning eyes.

Do you want to get a guarantee from him? What guarantee?

Shirakawa Kaede took a deep breath, "What Watanabe-san said is that Shirakawa Electric will indeed be on the market in another year."

"So." Ichiro Watanabe continued to stare at him, "The listing of Shirakawa Electric"

"I would also like to ask the First Adviser to help with the operation." Bai Chuanfeng gave his answer without hesitation.

Seeing that Shirakawa Kaede was so knowledgeable, Watanabe Ichiro also nodded with satisfaction.

"Enterprises going public must go through the financing process. Even if the club has no funding needs, it is best to go through a round of financing.

Can Shirakawa-san understand this?"

Bai Chuanfeng nodded, which was not beyond his expectation.

In fact, there is no hard and fast requirement that companies must obtain financing before going public.

Those companies that have angel rounds or even ABC rounds of financing later.

In the beginning, there was a lack of money, so in order to attract investors, it went through multiple rounds of financing.

After all, if there is no shortage of money, who would want their shares to be diluted.

Shirakawa Electric is also not short of money, so why does it need to go through financing before going public?

The answer lies with the man in front of me.

Financing is to adjust the equity structure. How can First Bank invest in Shirakawa Electric without financing?

First Bank provided low-interest loans, provided land, and undertook the one-stop construction of the headquarters. Later, it also led Fujitsu for SIC.

What is it for? Isn’t it just to wait for the shares of Shirakawa Electric before it goes public?

First Bank wants to absorb Shirakawa Electric and join its own consortium, so financing is an essential step.

"So about pre-IPO financing." Ichiro Watanabe thought for two seconds before giving his asking price, "What do you think of 20%, Shirakawa-san?"

Shirakawa Kaede's expression changed, "Watanabe-san, Shirakawa Electric has been established without any help from anyone.

It has already started to make profits and does not need such a large financing share."

20%? Are you kidding? You're going to take away one-fifth of my original shares just by opening your mouth.

Counting the outstanding shares after listing, the remaining Shirakawa Holdings may not be able to guarantee absolute control of Shirakawa Electric.

If Shirakawa Electric is listed, it will most likely be listed on the First Section of the Topix in the future.

The condition for listing on the Topix First Section is that the outstanding shares must be greater than or equal to 35%. Counting the 20% of Daiichi Bank, how much does Shirakawa Holdings have left?

Not to mention that at that time, there was definitely more than one financial institution responsible for underwriting stocks, so there were even fewer left.

Then let’s look at the Japanese companies listed in the country in the current era. How many of them are not absolutely controlled by themselves?

So Bai Chuan refused without even thinking about this.

"How about 15%?"

It seems that he also knew that the 20% asking price was too outrageous, so Ichiro Watanabe did not hesitate and directly re-quoted.

Shirakawa Kaede sighed, "Watanabe-san, you must have some knowledge of Shirakawa Electric's business situation.

In the entire consumer electronics field, among listed companies of the same type, Shirakawa Electric's profit margin is definitely at the forefront.

It’s not too much to say that Shirakawa Electric is the best blue chip stock, right?”

Ichiro Watanabe nodded, admitting this, otherwise First Bank would not be so actively planning to invest in Shirakawa Electric.

But he still had something to say. After all, First Persuasion Bank did not pay nothing.

"Watanabe-san" However, Shirakawa Kaede didn't give him a chance to speak at all, "10%! That's the most!"

You understand that if it were not for the purpose of repaying First Bank, Shirakawa Electric would not even have the need to go public."

In fact, this is Shirakawa Kaede telling lies. Regardless of whether there is First Bank, Shirakawa Electric will be listed in the future.

But nice words don’t cost money, so Shirakawa Kaede just wanted to flatter you by the way.

"In addition, in addition to First Bank and Nomura Securities, I also have to give some explanations."

Shirakawa Kaede once again pulled out Nomura Securities to raise the banner. The reputation of Japan's largest securities firm is still easy to use.

Sure enough, when he heard this name, Ichiro Watanabe hesitated a little.

He was really afraid of pushing Bai Chuanfeng into a panic, so he simply chose not to go public.

After all, based on Daiichi Bank’s internal estimates, Shirakawa Electric’s profit margin is astonishing.

Otherwise, it would be impossible to spend such a large amount of money to acquire local banks.
To be continued...