Chapter 1082: Their respective plans
Once a company reaches the stage of bankruptcy.
There is a certain order in which bonds are repaid.
The first thing to be repaid is the employee wages and labor insurance premiums owed by the bankrupt enterprise.
Next to be repaid are the taxes owed by the bankrupt business.
The last one is ‘bankruptcy claims’, which mainly refers to the money owed by citizens, legal persons or other organizations to bankrupt debt repayment enterprises, mainly loans.
As Seibu’s largest creditor bank.
Although Seibu's book assets can cover total debt.
However, taxes and discounts must be paid during the process of realizing assets.
Whether the remaining money can repay Ruihui's huge investment is a question.
Therefore, ensuring the normal operation of Seibu and recovering the loan in a safe and orderly manner is the most beneficial option for Mizui.
However, there are not many institutions in the world that are capable of taking over Seibu.
After a year of searching, only Xu Liang met all the conditions.
Boss Xu's experience of rising like a comet is an incredible miracle for anyone.
Hanhua, Hongmeng, Taihua, Kanghua, and Facebook have all become world-class giants in their respective fields.
The management ability is absolutely top-notch.
If he is willing to accept Seibu, Mizue has absolute reason to believe that he can lead Seibu out of danger.
Of course Xu Liang knew the consequences of corporate bankruptcy, and he also knew that Ruihui would definitely not be able to accept it.
He didn't expect Ruihui to accept it either.
But what about the conditions? How can we discuss it later if we don’t open it higher at the beginning?
"I can give up my request for bankruptcy of Seibu Group, but you have to give me an interest-free loan of US$5 billion to solve the operational difficulties of Seibu Group.
The exemption period is increased to three years.
At the same time, it helped me solve the problems encountered in layoffs and operations. ”
Nobuyuki Fujii breathed a sigh of relief and continued.
"No, US$5 billion is too high, the exemption period is too long, and we cannot agree to waive all interest..."
Xu Liang smiled and said: "Then let's talk slowly, I have enough patience."
Nobuyuki Fujii spoke sincerely: "Mr. Xu, given Seibu's current situation, the sooner the negotiations are concluded, the better for you."
"Mr. Fujii, please understand clearly.
Now I have not fully agreed to acquire Seibu. Only if the subsequent negotiations satisfy me can we start talking about operations.
Of course, I agree with your opinion.
I will send a negotiation team to talk to you when I get back today.
As for how long it will take to reach an agreement, it depends on your sincerity. ”
After taking a deep look at the young man in front of him, Nobuyuki Fujii understood that he was at a disadvantage in this negotiation because he was asking for help from others.
The conditions must be favorable.
At the same time, he also understood that there was no way he could reach an agreement today.
Stand up slowly.
“I look forward to welcoming Xu Jun’s negotiation team to Ruihui.”
"Within three days, they will be there."
"Then I'll take my leave first."
"I'll see you off Mr. Fujii."
After the other party left, Fukuda Gandera, who had never spoken, asked.
"Xu Jun, are you really planning to acquire Seibu?"
"Isn't this what my father-in-law always wanted?"
That gaze that seemed to be able to see through people's hearts made Fukuda Iwadera, a political veteran, subconsciously avoid him.
"I just think that based on your management capabilities, Seibu is a good investment opportunity. But whether you want to take over or not depends on your own ideas."
Xu Liang smiled and didn't dig deeper.
Everyone has selfish motives, and as long as they don't cross the line, he doesn't bother to care.
"It's getting late, so I'll go back first. Father-in-law, please go home early."
After waving his hands, Xu Liang left with Huo Gang and Li Jinling.
Looking at the retreating figure, Futian Gandera opened his mouth, but in the end he didn't ask anything.
It wasn't until Xu Liang's back completely disappeared that he let out a long sigh.
"Father, what's wrong?"
Just now, Xu Liang and Fujii Nobuhi were at full strength, and their tit-for-tat stance was so scary that Hideo Fukuda never dared to speak.
Turning to look at his son, he felt good before.
No matter how you look at it now, you will cringe.
"Go home."
Looking at his father's back angrily leaving, Hideo Fukuda was a little confused.
When he reached the elevator shaft, he saw his uncle talking to his father.
Subconsciously slow down and listen.
"...How did they talk?"
"There's been some substantial progress, but not much."
Fukuda Gandera explained the content of the negotiation between the two.
A smile appeared on Yasuo Fukuda's face.
"Yansi, you are wrong. Xu Liang's softening of attitude is the biggest gain. Conditions can be negotiated, as long as he is willing to acquire it, it is enough."
When Fukuda Iwadera thought about it, this was indeed the case.
"With Xu Jun's ability, he can definitely bring the Seibu Group back to life and even become stronger."
Yasuo Fukuda looked excited.
"At that time, our Futian family will have a strong ally in the business world."
"Brother, what if Xu Jun doesn't let Xinmei and her son inherit the Seibu Group...?"
"Don't worry, Xu Jun will definitely hand over the Seibu Group to Xinmei and her son."
Looking at his suspicious look, Fukuda Yasuo smiled and continued: "If Seibu is a company operating normally, it is possible as you said.
However, Seibu suffered serious losses and was on the verge of bankruptcy.
He will never take this kind of company under his control. If the operation fails in the end, Seibu will be even more in debt. Even if it ends up going bankrupt, it will be a huge burden on him.
Instead, a trust was established to hand over Seibu to Xinmei's mother and son for inheritance. He doesn't need to invest much money.
It can also reduce the policy risks encountered in the acquisition of Seibu.
This can be seen from his acquisition of Hynix in South Korea. ”
Futian Yanji nodded, "Brother, would you like to come forward and talk to Xu Jun."
"No. None of us can step forward, otherwise things will only be self-defeating. We just need to wait quietly for the results."
"Hi, I got it."
Patted him on the shoulder.
"It's getting late, go back early."
"Hi."
They took him downstairs, put Yasuo Fukuda in the car, and watched him go away.
Futian Iwadera, who had always been very respectful and obedient, slowly stood up straight and looked at the car silhouette in the distance with a hint of disappointment in his eyes.
He originally thought that after hearing the news from him, his eldest brother would use some of his resources to induce Xu Liang to leave the Seibu Group to Xinmei and his son.
Turns out this guy had nothing to lose.
His plan also failed.
"Father, it's time for us to go."
"Hideo?"
Looking at his son's questioning eyes.
"I am now certain that your uncle will definitely be elected prime minister next year."
Hideo Fukuda felt that his father was very clever.
As a middleman, my uncle settled the Seibu deal.
Seibu and Mizue will definitely support their uncle when the time comes.
The latter, in particular, has great power in Japan's political and business circles.
Uncle, who already had a certain advantage in the election, and with Miu Hui's support, his chances of winning naturally increased.
——
On the car back to the city.
"Mr. Xu, do we really want to acquire Seibu?" Li Jinling asked.
"Let's take a look at the final negotiation conditions. If there are enough discounts, we will acquire it as a limited liability company.
If the subsequent operations are effective, we will have one more large-scale enterprise under our control; if they fail, we will not lose anything if Seibu collapses. ”
Li Jinling nodded slightly, "Mr. Xu, most of the corporate bonds issued by Seibu have fallen by half. If you decide to acquire them, we can repurchase a batch from the market.
You can definitely make a lot of money. ”
A very large company like Seibu, which also operates hotels, real estate and other industries, will definitely issue large amounts of corporate bonds in order to raise funds.
With Seibu's operations in trouble, it is now almost bankrupt.
The book value of these bonds fell by almost 90%.
If you acquire it now, you will indeed be able to buy at the bottom.
Xu Liang thought for a while and shook his head.
"Forget it.
Now we are negotiating with Mizue. Once we acquire Seibu's corporate bonds, Mizue's power in Japan's financial world will be easily noticed.
By then we will be passive in negotiations.
Another point, why do you think Mizue is so eager to sell Seibu to us? ”
Li Jinling suddenly realized: "They have already bought the bottom."
"Definitely. As long as Seibu transfers it to us, with the reputation I have accumulated in the past few years, Seibu is sure that the price of corporate bonds will definitely increase.
Then they will make a lot of money.
In the end, even if I didn't get Seibu's operations back to normal, the company went bankrupt.
With this revenue, Ruihui can make up for the loss of bankruptcy and even make a fortune.
If I let Seibu develop better and Seibu's bonds continue to appreciate, Mizue will earn more.
They won't lose anything. ”
Li Jinling: "No wonder Fujii Nobuhiro is so active. It turns out that he has prepared everything a long time ago and is just waiting for us to take the bait."
"How can the chairman of Ruihui, one of Japan's three major financial giants, be a simple person?" Xu Liang said with a smile.
After Li Jinling nodded, she looked at the boss who was still confident.
Compared to Fujii, the person next to me is even more difficult.
Looking at the night scene passing by outside the window, thoughts were flying in Xu Liang's mind.
Normally, he would not necessarily agree to Fujii Nobuhiro's acquisition of Seibu, even in the form of a limited company.
But it's different now.
The subprime mortgage crisis, the collapse of Lehman, soaring oil prices, and the European debt crisis.
Opportunities to make money from finance will come one after another.
It may be difficult to directly turn Seibu from losses to profits, but if the operation is done well, there is still a great chance of halving the debt.
Therefore, other conditions can be waived.
Only three points.
First, he had no intention of investing even a dime in Seibu. So he had to get a bank loan from Mizue. With the loan, he could invest in Japanese and U.S. stocks in Seibu's name.
Second, the interest rate must be low, preferably none.
Otherwise, the repayment pressure will be too great.
Third, try to get a three-year debt-free period. Even if three years is not enough, two years is still acceptable.
As long as you have these three points.
His hopes of turning Seibu around were greatly increased.
"By the way, there is also my cheap uncle 'Fukuda Yasuo' who asked me to acquire Seibu. He always has to pay some blood. If you want to hide behind the scenes and reap the benefits, it is not that cheap."
Xu Liang said.
"Brother Liang, we're home." Huo Gang in the passenger seat reminded.
Xu Liang nodded and said, "Sister Li, collect information about Seibu in as much detail as possible and send it to me tomorrow. Also, by the way, notify Hanhua's Tokyo office and let them be responsible for negotiating with Ruihui."
"Mr. Xu, Hanhua's Tokyo office has been established for too short a time and does not have enough experience. Should we ask Hongyan to transfer someone to take charge?"
"No need. I already have a strategy in mind. Just let them talk about it. There is no need for Hongyan to have to work hard."
Hongyan now devotes all his energy to scanning the market.
Xia Changsheng wants to increase the company's holdings of U.S. CDS bonds to more than $100 billion before the end of the year.
Nothing is as important as this.
(End of chapter)