$500 million is definitely a large amount, even with the current performance of the new venture electronics, but it is not easy to come up with such a large amount of cash.

Fortunately, the new entrepreneurship department has a very high credit rating in many banking systems, and it is relatively easy to obtain large loans. The line of credit should also be used at this critical time.

After negotiating the price of redeeming the Japanese branch of Xinqi, Lin Qi applied for a total of US$300 million in credit loans from HSBC, Bank of China, Goldman Sachs, Citigroup, Standard Chartered and other banking groups in the name of Xinchuang Electronics (Hong Kong) Group Company, Xinfei Electronics and Xinchuang Publishing Group to pay for 30% of the equity.

The other $200 million in cash was pledged by Lin Qi with 39 million shares of the New Venture Publishing Group Company as collateral, and a private loan of $200 million to buy the equity of the Japanese branch of the New Venture.

For example, if the stock price plummets below HK$40 and he can't raise funds or shares to increase the pledge amount, the bank that lends the loan has the right to sell the pledged equity to ensure that the debt can be recovered. In an extreme situation, Lin Qi may lose a controlling stake in the listed company.

However, this is also an expedient measure at present, and when the cash in hand is abundant, Lin Qi will first repay the pledged loan and get back the pledge.

After a series of capital operations, the equity of the new venture (Japan) branch is gradually held by the four major shareholders, namely the new venture electronics (Hong Kong) company will hold 60% of the equity of the Japanese branch, the new electronic technology company will hold 10%, the new venture publishing group will hold 10%, and Lin Qi private will hold 10% of the equity.

Nominally, they are the four major shareholders, but in fact, there is no difference with Lin Qi's private holdings, after all, these companies are all new entrepreneurial enterprises, and the actual controller is Lin Qi himself.

……

Tokyo, 15 October 1984.

New Venture Electronics officially announced that it invested 500 million US dollars to complete the equity redemption of its Japanese branch.

Of course, this announcement is very low-key to the outside world, and it is only an announcement to the employees of the Japanese branch of Shinsei Electronics.

"From now on, Shinseike Japan will be a wholly-owned subsidiary of our Shinseike Group of Companies. Lin Qi said, "The benefits and benefits of Japanese employees will be fully in line with the parent company, and at the same time, excellent employees will also fully enjoy the rewards including equity incentives...... At the same time, the return to the parent company will greatly expand the scope of business in Japan...... The Japan branch will no longer be just a marketing-oriented company, but will also be involved in the research and development of games and various software and hardware products. A successful product will be sold to consumers all over the world through the global distribution channels of the parent company, and the R&D team will no longer only get a fixed salary, nor is it a rigid annual merit system, we do not rank seniority, we advocate heroism, we believe that an excellent genius can make a product that sells all over the world, although he is not the president, nor an executive, but can earn 100 million dollars, which is also deserved!"

This declaration still aroused the excitement of many employees in the Japanese branch. Japan's economic system, since modern times, is to pay attention to seniority, the top is inherited by the blood family system, the management is often seniority, even if a powerful talent, if the mediocre background is not the heir of the company, if you want to become the company's manager, then, at least thirty or forty years.

At the same time, Japanese companies do not have a culture of incentives, and the scientist who later won the Nobel Prize was also angry that the company used his invention, but did not give a penny, no, that is, did not give a penny, this practice is very natural in Japanese enterprises, you are an employee of the company, your invention is the company's invention, and you have already been given a salary, so why give you another sum of money?

Therefore, Japanese corporate employees have the nickname of "social animal", and it is okay to understand it in this way as a social animal or a co., LTD. Anyway, they have been treated as animals, so the social animals have naturally formed a practice - pretending to be busy at work, but there is basically no progress in the work, seriously grinding foreign workers, pretending to work to fool the salary, and when it comes to the end of work, the work is not completed, so the employer only needs to pay overtime pay, let it finish the work in a hurry, and through this cunning means, to improve their salary in disguise.

The practice of social animals is also that the bottom is powerless to resist, and can only fight in the way of passive work.

As a result, there are fewer and fewer lifelong employees in Japan, and employers are gradually hiring dispatched employees, who can reduce their salaries to less than half of the regular employees and do the things of regular employees, and their work enthusiasm is extremely high, because if you want to find a long-term job in Japan, you often need work qualifications, at least skilled people who have worked for a few years will be hired, so newcomers can only accept exploitation in the form of non-regular employees for future development。

Dispatched employees need to work for large companies to gild their resumes, so they are willing to accept very low remuneration and work hard without staffing, and they do better than regular employees. Therefore, employers are naturally more keen to hire non-regular employees, and looking at the informal social animals like others, the salary of 100,000 yen a month is much higher than that of a social animal of 200,000 yen a month. One temporary worker, top two or three permanent workers. And these temporary workers are so desperate to accept the oppression, the purpose is just to accumulate work experience, and get the praise of the company, and after a few years of working on their own, find a job by the establishment, many people will also become the kind of typical social animals who do not work at work, and only work after work to cheat money.

The pathological practice of social animals has gradually penetrated into the bone marrow of the Japanese workplace. Pretending to be working, but in fact the work progress is almost zero, is already a regular skill for perfunctory employers in the Japanese workplace.

It is impossible to avoid 100% of the regular employees recruited by the newly established Japanese branch from becoming the kind of social animal that grinds foreign workers. However, once the social animal is found, the company will set up some marginal departments, send them there, even if he doesn't work and only get a salary, let him go, and leave until the contract expires, because the contract of a new start-up electronics company is generally not for life, but signed every ten years. It is found that this kind of old oil, which will bring the whole workplace atmosphere, can only be treated as a virus and isolated in a small area to avoid the virus from spreading to the entire company.

Breaking the rotten system of lifelong employees and seniority will certainly lose a sense of security. But at the same time, coming up with an incentive system similar to that of the Hong Kong head office can also stimulate the work passion of talented employees who have the ability to do things.

Of course, in the past, the Japanese branch of the new venture has adopted a better incentive system than the traditional Japanese company, but that is for the employees of the marketing system. Now the incentive is to expand the R&D team.

In the 80s, Japan did have a good R&D strength, for example, in terms of game software, there were indeed many talents. Competing for hardware and cost-effective is indeed the best marketing strategy, but the ultimate competition for game software is not price, but whether the game is fun. In the era of consoles, Japan's game development teams accounted for half of the world's console games, and its huge potential can be seen. It is precisely for this reason that Lin Qi will also follow the trend and use various incentives to attract outstanding talents to work for him.