Chapter 884: His Words Are Good
Feng Xiaochen smiled, Uchida Yu is not a bastard with an open heart. It's actually quite pleasant to be an opponent or friend with such a person, at least it's more interesting than chatting with someone like Feng Lintao who owes emotional intelligence.
"You're right, I'm not going to refuse to buy Iketani out of hatred. However, I will not agree to buy Iketani because of my friendship with Mr. Uchida. Mr. Uchida persuaded me to buy Iketani, so he had to give me some reasons to buy it, right?" Feng Xiaochen said with a smile.
"And for good reason. "First of all, Iketani has a large number of technology patents, which are needed by their Chinese counterparts. If Iketani Manufacturing Co., Ltd. can be merged and these patented technologies can be obtained, the technical level of Chinese counterparts will be improved by leaps and bounds. In fact, your acquisition of Prometheus' construction machinery division is also based on this consideration. ”
Feng Xiaochen nodded and accepted Uchida Yu's reason.
"Secondly, if we buy Iketani Manufacturing now, the price will be very cheap. Uchida gave a second reason.
"Really?" Feng Xiaochen's interest was aroused by Yu Uchida, and he asked, "Mr. Uchida, at what price do you think we will be able to acquire all of Iketani Manufacturing's assets, including its patent assets and brand assets. ”
"No more than $500 million. Uchida said categorically.
"No more than $500 million!" Feng Xiaochen's eyes widened, "As far as I know, when Sanli Steel acquired Iketani Manufacturing, it cost $2.5 billion. Now, a few years later, why do you think Sanri will be willing to sell Iketani for no more than $500 million?"
Yu Uchida smiled and said, "This is based on my knowledge of Sanli Steel. The bid for the Xinkejiao nuclear power plant project failed, and Sanli Steel was no longer able to support the next opportunity, so it will definitely divest the departments related to third-generation nuclear power, including the Iketani Manufacturing for $2.5 billion and Weihao Electric for $5 billion. However, there will be no company from another country other than China willing to take over these two companies. In Japan, the three immediate envoys wanted to give the two companies away for free, but they couldn't find anyone to accept them. ”
Feng Xiaochen nodded again, he understood what Uchida Yu meant. Yu Uchida said that no one would receive Iketani Manufacturing if Sanri gave it away for free, which is of course a bit exaggerated, after all, Iketani Manufacturing still has a large number of machinery and equipment, and it can sell scrap iron for a lot of money. However, if Sanli wants to transfer Iketani Manufacturing at the price at the time of purchase, I am afraid it will be very difficult, such a large business, tens of thousands of workers, any company that wants to take over, must weigh it to see if it is worth it.
It is important to know that when it comes to the transfer of property rights of a company as large as Iketani Manufacturing, the Japanese government will also put forward a number of requirements, which will inevitably include the placement of existing employees. Any company that wants to take over Iketani Manufacturing must promise to ensure that a certain percentage of employees are employed, and it cannot actually buy the company and develop it directly into real estate.
In the aftermath of the financial crisis, the global economy was in a state of contraction, and it was difficult to find a company willing to spend more than $500 million to acquire Iketani Manufacturing. Sanri is eager to get out of the third-generation nuclear power business, so the sale of Iketani is also imminent. If Feng Xiaochen took advantage of the fire to rob at this time and offered to take over at a price of no more than 500 million US dollars, Sanli could only pinch his nose and admit it.
As the marketing director of Sanritsu, Yu Uchida knows the internal situation of Sanli well, so he can make such a judgment. If Feng Xiaochen were to ponder it himself, I am afraid that he would not dare to offer such a low purchase price.
"If we can acquire all of Iketani's assets within $500 million, I'm really interested. Feng Xiaochen said frankly, Uchida Yu has talked to this extent, and Feng Xiaochen can't pretend to be any more reserved in front of him. As for deliberately putting on a disdainful look in order to keep the price lower, this kind of little trick is also superfluous in front of an old fox like Uchida You, and Feng Xiaochen will not do such a thing.
Uchida Yu smiled: "Mr. Feng, I knew from the beginning that you would not refuse this opportunity. You're an ambitious entrepreneur, you need Iketani Manufacturing, and Iketani Manufacturing needs you. If you can merge Iketani Manufacturing, I think the future of Iketani Manufacturing will be very bright. ”
Feng Xiaochen smiled, thanking Uchida for the compliment, and then asked, "So, Mr. Uchida, how much commission do I need to pay you if you help us complete this transaction?"
Uchida Yu shook his head and said, "Mr. Feng, you misunderstood. I'm not telling you about Iketani Manufacturing for the sake of receiving a commission. In fact, this deal did not benefit me personally, and I will apply for retirement when I return to Japan, and everything about Sanritsu Steel and Iketani Manufacturing will have nothing to do with me. ”
"Not for the commission?, then, what do you want?" Feng Xiaochen asked a little puzzled.
Uchida turned his gaze to an oil painting hanging on the wall of the conference room, as if to say to himself, "I don't want anything, my savings, plus my pension, are enough to make my old age very comfortable." After going through so many things, I no longer have the ambitions I had in the past, and I just want to be a quiet old man. I did this just to put Iketani Manufacturing in the hands of someone who would cherish it, after all, I had devoted most of my life to this company. The old workers and engineers in this enterprise have exquisite technology in their hands, and someone needs to pass it on, even if these successors are Chinese......"
When he said this, Feng Xiaochen kept staring at his face intently, trying to find some traces of conspiracy from the expression on his face. But Uchida Yu's expression and eyes are extremely sincere, and the other is a little lonely. As the saying goes, a person is dying, and his words are good, Uchida Yu is planning to retire, and from a professional point of view, even if he is dying, he may really come from the heart when he says such a thing.
Yu Uchida left the UK with his team. After helping Deng Jingming, Feng Lintao and his entourage deal with some chores, Feng Xiaochen also left Europe in a hurry and returned to China. As soon as he returned to China, he received the news that Sanli Steel had the intention to sell Iketani Manufacturing and Weihao Electric. He immediately contacted the North Chemical Machinery Factory, Xinyang No. 2 Chemical Equipment Factory, Haidong Quanfu Machinery Company and other enterprises, persuaded them to scrape together 500 million US dollars, and then personally led a team to Japan to negotiate with Sanli Steel to merge with Iketani Manufacturing.
The reason for the transfer price proposed by Sanritsu Steel to Iketani Manufacturing is 3 billion US dollars, and the reason is that it spent 2.5 billion US dollars to acquire Iketani Manufacturing Co., Ltd., and in the past few years, it has invested no less than 1 billion US dollars in its technical transformation, and now it is sold for 3 billion US dollars, which is definitely worth the money.
Feng Xiaochen grasped the reserve price revealed by Uchida Yu, and insisted that the acquisition could only be completed within 500 million US dollars, and there was no need to talk about exceeding this amount.
The two sides held several rounds of negotiations, during which Uchida Yu, a gold medal undercover agent, played an important role, constantly revealing Sanli's internal information to Feng Xiaochen, and at the same time lobbied Sanli's chairman Michihiko Kobayashi to persuade him to accept the Chinese side's offer and get rid of Iketani's business as soon as possible.
As a result of the setback in the nuclear power business, the stock price of Sanli Steel has plummeted, and shareholders have put pressure on the board of directors to break their wrists, cut off the nuclear power business, and concentrate their limited funds on Sanritsu's traditional business in order to revive the river.
Kobayashi's original intention was to delay a few more rounds with the Chinese side to force the Chinese side to agree to increase the purchase price. Who would have thought that Feng Xiaochen was not affected by him at all, no matter what Sanli said, he just bit his initial offer and never let go. A department with more than 10,000 employees has a daily cost of millions of dollars, Feng Xiaochen can drag it, but Sanli really can't afford it. In the end, Michihiko Kobayashi had to give in and sold all the assets of the original Iketani Manufacturing to Tatsuyu International Investment Company for $480 million.
"Tian Xiongjun, this is Ms. Lin Danyan, a senior engineer at the Sinopec Design Institute, and from today, she is the new president of the Iketani Institute of Technology. The Chinese side hopes that you will remain as the vice president of the institute, and all the benefits you have enjoyed will not change. ”
At Iketani Manufacturing's technical research institute, Yu Uchida introduced his old colleague Yutsuya Tada. Iketani Manufacturing is now a 100% Chinese company, and several chemical equipment companies in China jointly hold shares in Iketani Manufacturing. Among them, the Chigu Research Institute will be taken over by the Sinopec Design Institute, and Lin Danyan is the "receiving officer" sent by the Petrochemical Design Institute.
"Mr. Tian Xiong, I have always admired your great name, and I am very happy to be able to work with you. Lin Danyan greeted Tian Xiongzhe politely in English. She said that she has admired her name for a long time, but it is not entirely polite, Tian Xiongzhe is also very famous in the chemical equipment industry, Lin Danyan knew his name when she was still in graduate school, but at that time, she would never have thought that she would one day become Tian Xiongzheye's top boss.
"Ms. Lin, I am also very honored and hope that we can have a happy cooperation. Tian Xiongzhe also replied in English.
"Our petrochemical design institute has just undertaken three major chemical technology and equipment development tasks issued by the National Development and Reform Commission of China, and the leaders of the institute instructed that the research and development tasks of the million-ton terephthalic acid complete set of equipment will be completed in the Chigu Research Institute. If Mr. Tian Xiong is willing, we would like to hire Mr. Tian Xiong as the chief engineer for this task, and I don't know what Mr. Tian Xiong wants. ”
"This ...... If Ms. Lin can trust me, I will definitely live up to Ms. Lin's high expectations. ”