Chapter 2305 Sharp Share Acquisition
What Xiao Qi told Gao Chuan Terushu that he had plans for the afternoon was not an excuse.
When he came out of Sun Zhenyi's side, he turned around and went to a high-end coffee shop. Sitting opposite him was a fat Caucasian man - Bao Lijie, the vice president of Citibank Japan Head Office.
Two years ago, when Xiao Qi came to Japan for the first time, Bao Lijie was just the deputy manager of the asset division of Citibank Japan. In just two years, he climbed directly to the position of deputy president of the head office, which is extraordinary.
have to.
On the one hand, Bao Lijie's ability is indeed outstanding, and on the other hand, it is naturally because he is from the Jabil family.
When the Asian department of Citibank, represented by Jabil, takes over, Bao Lijie will certainly be able to take a step further and become one of the top five most powerful figures in Citibank's Japanese head office.
However, the young man's emotion for Bao Lijie was far less profound than Bao Lijie's emotion for him.
The first meeting was more than two years ago. At that time, Xiao Qi was angry at Goldman Sachs and Merrill Lynch and signed a betting agreement with them angrily before coming to Japan to prepare to purchase parts.
At that time, Citibank only regarded Xiao Qi as a potential customer who could develop its business. Deep down, Bao Lijie was also skeptical about whether Xiao Qi's product could be successful.
But it turns out that Xiao Qi is more powerful than everyone imagined. In just two years, he soared to the sky and became the richest man in the world. With assets of 500 billion US dollars, he was proud of all the others, even the oil tycoons in the Middle East.
They also have to admit that in terms of personal wealth alone, none of their chiefs is Xiao Qi's opponent.
And Xiao Qi is not just rich at all.
The Fairy Company in his hands has become the overlord of the world's smart electronics industry, crushing Nokia and Motorola in the previous communications industry. It has also firmly suppressed software and computer industry giants such as Microsoft and Apple.
Coupled with Xiao Qi's absolute control and the strong support of Samsung and Apple, Fairy Company has a huge voice in the field of smart electronics and no one can ignore it.
Not to mention Bao Lijie, even Jiepu, the current president of Citibank, would be respectful when seeing Xiao Qi.
While Bao Lijie was thinking about it, Xiao Qi was already drinking milk tea and spoke with a smile. "Mr. Bao Lijie, you have been very nourished in Japan in the past two years. I think you are a little too happy to miss Shu?"
"Haha, yes. Compared to the United States, here we have exquisite food, a good environment, and beautiful and gentle women. I really want to settle in Japan forever!" Bao Lijie replied with a smile.
He is a very enjoyable person.
Citibank is very powerful in Japan. An ordinary middle-level person can directly talk to the top executives of some companies. It goes without saying that someone like Bao Lijie comes from the US headquarters.
On weekdays, he is the target of Japanese people's fawning. The Japanese's methods of trying to please are naturally universal, including women, antiques, money, food...etc.
But Bao Lijie is not a fool. He refuses what he should enjoy and what he should refuse. He will not neglect or neglect his work just because he eats other people's food.
Japanese people are often so angry with him that they can't do anything about it. But Bao Lijie is America's father, so Japanese people can only hold back their anger.
For such a principled person, Xiao Qi would feel more at ease when working with him.
The reason why Xiao Qi came to see Bao Lijie on the second day after coming to Japan was certainly not to reminisce about old times, but to get down to business.
A major event that is not inferior to the acquisition of Fast Retailing Co., Ltd. and the monopoly on Sony's high-end cameras - the acquisition of Sharp's shares!
In Japan, Sharp is a very powerful company. Ranked 225th in the world, with assets of more than 20 billion US dollars, it is one of the leading behemoths in the Kansai region.
Sharp's most powerful technology is of course their LCD screen technology.
In fact, LCD screen technology was invented by Sharp, and even now when the LCD screens of Samsung and Baodao manufacturers are at their peak, they dare not say that they are number one, because Sharp's technology is still number one.
Strange, right?
Why does Sharp, which has the best technology and is the inventor of the technology, not make much money in this era when LCD TVs, LCD panels, and LCD mobile phone screens are sweeping the world?
The reason is simple: Sharp went in the wrong direction from the beginning.
They look forward to using the most advanced technology to conquer high-end customers in Europe and the United States.
But I didn't expect that even rich people may not necessarily buy high-end LCD TVs, screens, etc. worth tens of thousands.
On the contrary, Korean and Baodao brands with medium technology and cheap prices have taken the world by storm and made huge profits.
By the time Sharp reacted, the market had already been occupied by these manufacturers, and they were unable to intervene at all.
In this fiercely competitive market, once you lose the first move, you will lose the opportunity step by step.
This is the case with Sharp.
Xiao Qi remembered that in the past few years, Sharp had gone downhill all the way, and in the end it seemed that it was almost in danger of bankruptcy. It must be said that these Japanese people are too stiff-minded. A good giant company has been reduced to this by them.
, he is simply seeking death by himself, and no one can help him.
Of course, it is not only Xiao Qi who realizes this, but also the old fox Li Jianxi.
The last time he brought Han Jiaer to Chengdu, he had discussed with Xiao Qi the two of them acquiring shares of Sharp Company.
On the one hand, if you can control Sharp, you can take advantage of the situation. If you can't, you can use your shares to exchange technology with Sharp.
But the two still prefer Samsung and Fairy to control Sharp.
Although Japan's xenophobia is very serious, and although Japanese courts can rule that acquisitions are invalid, it would not be too difficult for Samsung and Fairy to join forces to acquire a Sharp company in Japan.
After all, Sharp is not Sony, not Toyota, and certainly not Mitsubishi.
Many of Sharp's technologies have been transferred to companies in the six major consortiums such as Toshiba, Panasonic, Hitachi, and Sony through technology exchange and other methods. They are not absolutely indispensable.
On the contrary, due to continuous operational errors, Sharp is in a very bad situation now. Maybe the Japanese still hope that someone can buy Sharp and revive Sharp! - Anyway, as long as Sharp is in Japan, it can provide jobs for Japan.
, to create wealth, it doesn’t matter if foreigners buy it.
It’s not like there were no examples of this in previous lives.
Guo Taiming acquired 10% of Sharp's shares in 2012. At that time, due to huge losses and the Japanese nuclear leakage, Sharp's market value plummeted. Guo Taiming spent 8.5 billion US dollars to buy 10% of the shares - basically only
It was worth 8.5 billion U.S. dollars, which is almost a little more than one-third of its current value.
Originally, Guo Taiming thought he had succeeded in bargain hunting, but half a year later, Sharp's stock price plummeted 70% from before, with a market value of only about US$2.6 billion. Guo Taiming was dumbfounded.
At that time, some Baodao businessmen actually encouraged Guo Taiming to buy more shares, but Guo Taiming refused to do this business.
It can also be seen from this that Sharp's acquisition is not as difficult as imagined, but it is not that easy either.
Because just when Sharp's market value fell to US$2.6 billion, Japan's Mizuho Industrial Bank and Japan's Bank of Tokyo-Mitsubishi UFJ immediately gave Sharp a loan of US$2.6 billion to help them restructure.
What does it mean to lend US$2.6 billion to a company with a market capitalization of only US$2.6 billion?
Of course, it means that the Japanese don’t want to see Sharp fall, and they don’t want to see others taking advantage!!
Therefore, after knowing this rule, Xiao Qi has no intention of ultimately buying the bottom. The sooner he takes control of Sharp, the sooner he can realize his strategy.
In terms of specific operations, Xiao Qi asked Citigroup to help acquire shares, and Li Jianxi asked UBS to acquire shares.
Seven months have passed since the commissioning began. Xiao Qi has naturally been paying close attention to the general progress. Now that he has come to Japan, he naturally wants to know more details from Bao Lijie.
"Sharp's performance has continued to decline in recent years. It has also been affected by the financial crisis, and its stock price has plummeted from 25 billion U.S. dollars to about 20 billion U.S. dollars." Bao Lijie said about his insights and achievements, "In the next one or two years, they will
There may still be a decline, but the magnitude should not be significant. Through our operations, we have now acquired 10% of Sharp's shares for only US$2.2 billion. I suggest that we should continue to acquire more Sharp shares, so as to
Let you gain a greater say in Sharp."
"How's it going at Samsung?" Xiao Qi asked noncommittally.
"UBS acquired about 15%, and the cost was a little more than us, but I don't think they have any plans to make any more purchases," Bao Lijie said.
"How many shares do you think we should have?" Xiao Qi asked with a smile.
"If we are Americans, owning 30% is enough." Bao Lijie said sternly, "But Qi Shao, you are Chinese, so I think the absolute controlling stake of more than 51% is the most secure.
of."
"51%?" Xiao Qi shook his head, "The Japanese will not release so many shares."
"That's right. If that happens, you and Li Jianxi will occupy 66% of the shares, and Sharp will never belong to Japan again." Bao Lijie also sighed.
"Sharp plays a good role in my plan. But if you add more, it won't have much effect." Xiao Qi muttered, "Continue to acquire as soon as possible, and the first step is to reach 30%!"
"yes!"
Bao Lijie didn't ask any further questions. Since Xiao Qi had decided, Citigroup, as the entrusted party, would just do it. (To be continued)
Chapter completed!