In Western developed countries, a meritocratic social model has always been implemented.
Especially in Japan, this situation is more common.
It would be an exaggeration to say that the more than one hundred elites of the six major consortiums are the leaders of Japan, but if they unite together, there is basically nothing that cannot be done in Japan.
Moreover, the Japanese have the unique and closed character of Easterners. No matter what business model they adopt internationally, the Japanese market basically prevents other companies from entering.
To give a very simple example, Wal-Mart and Carrefour are invincible around the world, but they cannot develop in Japan.
For another example, Nokia and Motorola were so dominant in the world in the 1990s, but they didn't even have the opportunity to develop in the Japanese market - not to mention tens of thousands of units, not even hundreds of units sold a year!
There are many examples that show that Japan is a completely closed-off market, and only they go out to conquer the world, and no other company can enter.
Of course, this is not an absolute thing.
At least two or three years later in the previous life, the iPhone entered the Japanese market and quickly dominated the world of high-end mobile phones.
- Then came Samsung's mobile phones, which quickly entered the market and, like in other places, competed with Apple for first and second place.
Sony, the former mobile phone leader, had to work hard to reach third place.
So, nothing is absolute, it just depends on whether you are willing to work hard and whether the product you make is good.
As long as you make it as good as Apple's iPhone, even Japan, an extremely conservative consumer country, will also surrender.
But those are just products. The pillar companies of Japan's six major consortiums have never been acquired by foreign companies.
Therefore, from the perspective of these six major consortiums, Sharp's acquisition and privatization is a very serious issue. This gap must not be opened, otherwise more Japanese companies will be acquired in the future. Japan's economy and society will also be affected.
The infiltration of foreigners affects Japan's national economy and people's livelihood.
However, this time, Samsung Group and Fairy Corporation acted openly and openly. They asked UBS Group and Citibank to help acquire shares, and took advantage of the panic in the Japanese stock market to buy large amounts. Now they have reached an overwhelming majority of more than two-thirds.
, it is entirely possible to propose the privatization of Sharp, which is allowed by all stock market laws.
If there is something illegal, it is the purchase of more than 5% of the shares. The stock exchange market and Sharp Corporation must be informed, but they failed to do so.
But this is also the practice of investment and acquisition by securities companies. Usually they will use many accounts to acquire stocks, and each account can only acquire up to 499% of the stocks, which will not meet the reporting requirements.
After all the acquisitions are completed, they will be combined under one account, forming a large-scale holding.
This method is often used not only by Xiao Qi, but also by many other companies. If you insist on this, it will appear very stingy.
Therefore, although among the six major financial groups, they are very dissatisfied with Samsung Group and Fairy Company, they cannot find fault with the operating procedures.
Sharp is a member of the Sanwa Consortium, which belongs to the Kansai region. Although the Sanwa Consortium ranks low among the six major consortiums, its strength cannot be underestimated.
A pillar industry in your own consortium is about to be acquired. This is not only a crisis, but also a shame.
Although Samsung and Fairy are strong, if calculated according to the consortium model, Fairy is weaker than Samwha Consortium.
Although the Sanhe Consortium has more than 70 companies, and their total market value is less than that of Fairy Company, their influence in various industries is not comparable to that of Fairy Company, let alone Samsung Group.
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They know that they cannot defeat Xiao Qi in terms of money. After all, everyone knows that Xiao Qi has more than 200 billion US dollars in cash flow.
Except for Xiao Qi, no other company can have such a large amount of cash flow, so fighting with Xiao Qi in this regard is completely asking for trouble.
However, they have no way to find fault with the system, because this time they helped Xiao Qi and Li Jianxi acquire shares in Sharp Corporation from the famous UBS Group and Citibank. If they want to deny that this acquisition is illegal,
The first people to offend are these two giants.
With the influence of UBS Group in Europe and the influence of Citibank in the United States, it is conceivable that the United States and the European Union will jump out and teach the Japanese brothers how to behave.
There is no way to care about money, and no way to manipulate the acquisition method. So is there nothing the Sanhe Consortium can do?
Of course not!
Sharp has two major creditors, namely Japan's Mizuho Industrial Bank and Japan's Bank of Tokyo-Mitsubishi UFJ.
Among them, Bank of Tokyo-Mitsubishi UFJ is Japan's largest commercial bank, and Mizuho Industrial Bank is a bank affiliated with Mizuho Group, Japan's second-largest financial group. They can be said to be very powerful.
After so many years, Sharp's debts have reached as much as 12.8 billion US dollars. Although it has rich assets, there is not much left after all.
This is the essence of the Japanese consortium, so the two major banks continued to lend money to Sharp Corporation and did not let it get into trouble.
Not only now, Xiao Qi also knew that the two major banks would also support Sharp Club in the future, and Sharp would become a club that relied on loans to survive.
If Samsung Group and Fairyland Corporation privatize Sharp Corporation, they will also have to bear US$12.8 billion in debt.
Debt itself is not a problem, Xiao Qi has money.
But the problem is that Sharp has signed an agreement with the two major banks. When they are unable to bear the debt and go bankrupt, or the property owners change, the two major banks have priority in asset disposal.
What does it mean?
Judging from this acquisition, if Sharp applies for bankruptcy regeneration now, Japan's Mizuho Industrial Bank and Japan's Bank of Tokyo-Mitsubishi UFJ will be the highest priority debt handlers, and there will be reason to take out Sharp's core assets.
, and then hand over the empty shell and some meaningless property to Xiao Qi and Li Jianxi, so that Xiao Qi and Li Jianxi’s plot will completely fail.
Naturally, this approach is still somewhat troublesome.
The difficulty is that now Samsung Group and Fairy Company have applied for privatization. As the management and power families, they do not own the largest shares of the company, so such requests will not be approved.
But not approving it is one thing, but whether or not to make an effort is another thing entirely.
Doesn’t the United States often do this?
As long as I don't agree with your acquisition, I don't need to give any reason, just say I don't agree.
The Japanese government will naturally not favor Koreans and Chinese on this issue, so it is a feasible way to actively mediate and get a result that everyone is satisfied with in the end.
Therefore, Sharp's chairman Shunkei Takahashi immediately filed a "bankruptcy regeneration application" with great fanfare after discussing with the Sanwa Foundation, Mizuho and Mitsubishi Bank.
At this juncture, it is really shocking that Sharp Corporation would do such a thing.
This is simply shameless!
However, the Japanese government's attitude seems a bit subtle.
They were very vague about this obviously unreasonable request. They just said that they asked both parties to discuss it carefully instead of engaging in confrontation. They hoped that Sharp would do well instead of being fragmented and everyone would not be able to play well.
Faced with this situation, Li Jianxi himself opened fire in South Korea.
"What Sharp Corporation is doing is a trampling on business principles! The Japanese government is even more aggravating! If everyone follows their example, who would dare to do business with the Japanese? Not only me, but Mr. Xiao Qi is also very indignant about this.
, if our privatization process is hindered, we will do whatever it takes to let these people know what the fury of thunder is!"
Xiao Qi didn't say anything, but Citibank, his die-hard best friend, did.
Citibank President Wade criticized the actions of the Japanese government and Sharp at an annual economic meeting that day: "These Japanese people don't do economic work seriously all day long, and they all do some crooked things! I
I think the three major rating agencies should conduct another round of evaluation on them! Shouldn’t such a country have its rating downgraded?”
Mochiyev, President of Citibank Asia, also said in the conversation that day, “If no one stops this kind of behavior, then we should worry about whether the legitimate rights and interests of people who do business in Japan can be protected. Citibank may
If their safety cannot be protected, the US government should show its fair and just power!"
All right.
The conversation between these two people was simply very mean.
Wade, in particular, actually incited the three major rating agencies to downgrade Japan's sovereign credit. This is a big deal!
Haven't you seen that countries such as Greece, Spain, and Portugal have to do so much just because their credit ratings have been downgraded?
For this reason, officials from the Japanese Ministry of Economy and Industry could only speak out and say that neither the Japanese government nor Sharp Corporation had such intention. It was just that it was currently in the discussion stage, so it caused everyone's misunderstanding.
How to deal with it specifically, everything must be in accordance with the law.
Although the words of these officials are as if they have not been spoken, but with such great pressure from the outside world, they naturally do not dare to go too far.
Because of the quarrel, the privatization and debt issues of Sharp Corporation suddenly became the focus of the world! (To be continued...)