Chapter 89: Temporary Strain Owners' Meeting
"Ladies and gentlemen, the "Toshima Construction and Revitalization Plan" proposed by the River Plate Fund this time is to use the power of capital to get this traditional enterprise out of its current predicament and thus radiate new vitality. In terms of concrete measures, we will be able to separate the departments within Toshima Construction that are competitive in the market from the company's system and give them greater operational autonomy, so that we can solve the problem of the need for funds in individual departments and avoid inefficiencies in the operation of large companies......"
Looking at the crowded venue, Robert Taki was working hard to promote the "Toshima Construction and Revitalization Plan" with extreme confidence on his face, while Hosokawa Kiyofumi, who was sitting on the side, secretly felt a little worried, after all, the only thing Hosokawa could rely on so far was the non-legally binding letter of intent signed with XX Construction Group.
"Therefore, our River Plate Fund chose to invest in Toshima Construction, not just to invest in a company, we focus on how to find a new way out for Japan's construction industry, help everyone compete for a place in the fierce international market competition, and at the same time extend the tentacles of Toshima hypothesis to other related industries, such as building materials, such as construction machinery, such as equipment leasing, such as financial cooperation and so on With the help of the future, Toshima Construction will not only be a pure construction engineering contracting enterprise, but also a large-scale multinational group integrating various industries such as finance, equipment manufacturing, and building materials!"
When Robert Taki made this incendiary remark, the audience immediately burst into applause. Seiichi Mori, who was sitting in the corner of the first row, quietly turned his head and couldn't help but show a smug smile when he saw Hosokawa Kiyofumi's expressionless face.
"Mr. Sen, it seems that the plan of the River Plate Fund is quite popular!"
"Well, Robert has a lot of experience in corporate asset restructuring, and he has operated many similar cases before, so the problem of Toshima construction is not a difficult problem for him at all!"
"However, until now, the private meeting of the Toshima family has not expressed their attitude!"
Since the listing of Toshima Construction, the Toshima family's control over the company has been greatly weakened. Although it is a business named after their family, I believe they will make the right choice in the face of tangible benefits!"
When Robert Taki stepped off the podium amid warm applause from the audience, Hosokawa, who had been sitting down, couldn't help but take a deep breath and slowly stood up. and Robert Taki, a person who graduated from a prestigious school in Europe and the United States and has a perfect resume that is impeccable, Kiyofumi Hosokawa's resume is much shabby. After graduating from an ordinary university in China, after joining Toshima Construction, he started from the lowest level of construction management personnel and became the core management personnel of this old company step by step.
Profits can be calculated, costs can be calculated, and even the work of the members is measured by numbers. However, in the face of these cold figures, there is always a lack of human touch. After all, the construction industry is hard work, and those who stick to the construction site day and night can't go home every day like ordinary office workers. Therefore, most of the housework is actually shouldered by the relatives of the members. And these hard efforts are not reflected in the financial statements.
When Hosokawa walked to the podium step by step, the applause at the scene gradually subsided. Looking at the dense crowd of investors sitting in the audience, Hosokawa's mood couldn't help but feel apprehensive again.
"That...... Today I...... On behalf of the current management of Toshima Construction, I would like to propose a provisional plan to resolve the financial crisis of the Najd High-Speed Rail Project,...... Because the Najd high-speed rail project has encountered interference from the host country's government, the project has so far been suspended. In order to move forward with this project, it is also to alleviate the huge debt pressure that we in Toshima hypothetical face on this project. We, the current management of Toshima Construction, have carefully considered it...... It was decided to sell the contract rights for this project...... Sold to our former competitor, the SH-based XX Construction Group!"
"Huh!"
"What did he say, to sell the contracting rights of the Najd high-speed rail project?"
"I heard you right!"
"If you choose to sell it at this time, I'm afraid the other party will open your mouth!"
"Doesn't this need to be approved by the Central Bank of Tokyo?"
……
Just after Hosokawa Kiyofumi announced his plan, there was a discussion in the audience. There are those who are skeptical, those who are worried, and those who are indignant at Hosokawa's plan. Finally, after a discussion, someone stood up and unceremoniously began to ask Hosokawa about the details of the sale of the contract.
"Excuse me...... What is the response to the sale of the contract rights for the built-in high-speed rail project?"
"In this regard, I have signed a letter of intent with the president of the other party on behalf of Toshima E&C Co., Ltd., because the amount of money involved is large, and we will not further contact the other party to discuss the details until our plan is officially approved by the general meeting of the owners. ”
"That...... What kind of price is the other party expected to give?"
"In terms of price, I asked them a little bit and they could probably save us two-thirds of the project funds. In this way, although we are still facing some losses, I believe that with the business conditions and good reputation of Toshima Construction, we will be able to recover from this incident. In addition, we at Toshima Construction have always had a strong interest in the construction industry market in the territory country. In particular, we have been hoping to increase our investment in the residential construction market, but the domestic market is saturated, and the overseas market will be a new profit growth point for Toshima Construction in the future......"
Hosokawa Kiyofumi explained in detail to the owners of the strains present with a sincere attitude, and even if the construction of Toshima was still deficient in some aspects, Hosokawa Kiyofumi did not hide it! Just after the atmosphere at the scene gradually became harmonious, Seiichi Mori, who had been waiting for an opportunity in the audience, suddenly stood up and said unceremoniously to Hosokawa Kiyofumi:
"May I ask President Hosokawa, is it to join forces with you to get involved in the Chuo Shinkansen project when the XX Construction Group of the neighboring country comes to your aid at this time?"
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