"They're all here to greet us?o, the Dongying people are really welcoming, don't you think?" Shanatanu pointed to a group of Dongying people standing neatly and quietly at the entrance of the VIP passage, poked Zhang Chen beside him, and whispered.

The corners of Zhang Chen's mouth twitched: "This is all a superficial phenomenon, Dongying people are the best at confusing you who don't know anything." ”

"You're prejudiced. Shanatanu shrugged his shoulders absently, took out his camera and snapped two photos.

Zhang Chen ignored him and walked quickly to the exit of the VIP passage covered with a red carpet.

"Zhang Sang! It's been hard all the way! Welcome to Tokyo!" led by a chubby Dongying man in his early forties, who spoke English with a thick Dongying accent, bowed 90 degrees, and did not miss a beat.

More than a dozen men and women behind him also bowed ninety degrees in unison, and the Dongying people in the airport seemed to be surprised, but more than a dozen foreigners looked at this side curiously.

Xiao Lele stood beside Zhang Chen and introduced: "This is Yoshihiko Shimizu, deputy executive director of Sumitomo Bank, who has just served as the executive director of Nikko Securities, and is the key figure in this merger. ”

Zhang Chen came to Dongying mainly for two reasons, one of which was to participate in the first board of directors of Salomon Smith Barney after the acquisition of Nikko Securities as the only director in Asia.

After the Dongying bubble crisis, the economy fell into growth stagnation for seven consecutive years. This year, the financial turmoil in Southeast Asia is raging, and the yen has also been greatly affected. Under these circumstances, Nikko Securities, which was already in turmoil, was struggling due to the crisis, and if no new investors joined, it would not surprising that it would go bankrupt within a year.

Because of this, Nikko Securities agreed to invest in Nikko with foreign capital, and hit it off with Sandiewell, which is making frequent moves in the acquisition market and hopes to expand its total capital through acquisitions. Salomon Smith Barney invested US$350 million in Nikko Securities, acquiring 4.9% of Nikko Securities, and is ready to start a deeper cooperation with Nikko.

After the completion of the merger between Salomon Smith Barney and Citigroup, Sandwell plans to separate the securities business operated by Salomon Brothers in Dongying and merge with Nikko Securities, and seek a greater voice in Nikko's board of directors until it completely controls Nikko.

Nikko Securities is also unlucky, as one of the three major securities companies in Dongying, it suffered heavy losses in the bubble crisis in the past few years. It was not easy to stabilize the situation, but the outbreak of the Asian financial crisis made it even worse. Nikko Securities received the support of Salomon Smith Barney at this time, which is tantamount to a shot in the arm.

Although Salomon Smith Barney does not have many shares, as the world's third largest investment bank, its investment in Nikko Securities will undoubtedly improve investor confidence, which is major good news for Nikko.

But Zhang Chen knew that this business was a loss-making transaction from beginning to end.

Sandieval's abacus is very loud, believing that the bubble crisis of Dongying has bottomed out, and the economic foundation of Dongying is extremely strong, and after the bubble, according to the laws of capitalist economy, it will inevitably usher in a period of rapid economic recovery, and this is a good opportunity to buy the bottom.

But what he didn't expect was that, on the one hand, the bubble crisis in Dongying had indeed passed, but the economic growth rate had not recovered, and it had entered a "lost decade". The Asian financial crisis worsened, with 181 banks and securities companies failing in a decade. It was not until 2005 that Dongying's economy began to recover slowly.

Within two years, the subprime mortgage crisis came again。。。。。。

On the other hand, Sandyvale overestimated the value that Nikko had. Although Nikko is still one of the three major securities companies in Dongying, Nikko's stock price is still inflated. The reason is one – financial fraud.

Since the early 90s, Nikko has maintained its stock price by fabricating profits and financial fraud to deceive investors. It was not until ten years later that the financial fraud of Nikko Salomon Smith Barney, which had completed the merger with Salomon Smith Barney's securities business in Japan, was exposed and was almost delisted by the East Economic Exchange.

It can be said that whether it is this $300 million equity acquisition or a multi-billion dollar controlling acquisition a few years later, the merger between Salomon Smith Barney and Nikko Securities has failed, and it is a one-plus-one-less deal.

There are innate cultural differences between Japanese and American companies. The lifetime employment system and collectivism of traditional Japanese-style enterprises and the professional managerial system and individual heroism of American companies are basically irreconcilable in management, and they are inefficient and full of drawbacks.

Whether it's a U.S. company buying a Japanese company, or a Japanese company buying a U.S. company, few end well. As strong as Sony, Columbia and MGM, which were acquired, have also faced bankruptcy crises several times.

Moreover, with the accelerated integration of the Toei consortium, it was not long before Nomura Securities, Mitsubishi Securities, Daiwa Securities, and Mizuho Securities, which were established by the merger of Daiichi Quanye, Fuji, and Xingye, were far behind, and gradually lost the status of the top three securities trading companies in Toei.

Mr. Zhang voted against the deal on Salomon Smith Barney's board of directors, but the other eight shareholders were all Sandyvae people and unanimously agreed to Sandywell's plan to acquire Nikko Securities.

Zhang Chen didn't care, and was even a little happy to see it. Whether it is Salomon Smith Barney or the merged Citigroup, it is just a springboard for him. The more hidden dangers Citigroup has, the smoother his follow-up plan will be.

He voted against it only because of his work ethic and reputation.

The whole process of this acquisition was very fast, from the beginning of Nikko to find a buyer in the international market to the signing of the agreement with Sandywell, the whole process lasted only half a month. In order to avoid entanglement between the Ministry of Finance, the number of equity transactions between the two parties is exactly 4.9 percent of Nikko's total share capital, which is 0.1 percentage point lower than the proportion of publicity and review stipulated by the Ministry of Finance.

Zhang Chen is the only director of Salomon Smith Barney in Asia, and as a matter of course, he also serves as a director of Nikko Salomon Securities. As a director, it is your duty to participate in decision-making with the other fifteen members of the Board of Directors.

Zhang Chen stretched out his right hand and said with a smile: "I'm sorry, Mr. Qing Shui, I'm still more used to shaking hands, it's hard work." ”

Kihiko Shimizu didn't understand this sentence in English, and he didn't know what it meant until the female translator standing next to him translated it into Japanese, so he couldn't help but quickly apologize: "I'm really sorry for the trouble I caused you." "Another standard bow.

Japanese companies have a strict hierarchy, and directors are called "directors" in Japanese companies, and their status is comparable to that of presidents. As the deputy executive director, Yoshihiko Shimizu must be respectful when he sees a director who is much higher than himself.

"Zhang Sang, please come here. Kimizu Kihiko stroked his hand and bowed.

Walking out of the airport from the VIP passage, five black Toyota crowns were parked in the hospitality area, Zhang Chen and Shanatanu sat in the second one, and the car started slowly and drove smoothly towards the city.

Originally, Nikko Securities arranged the residence of the Imperial Hotel in Tokyo, and after Xiao Lele showed the itinerary to Zhang Chen, Zhang Chen resolutely disagreed, and he was disgusted when he heard the word Empire. In the end, Nikko had no choice but to set Zhang Chen's hotel at Park Hyatt Tokyo, which had just opened for three years.

Well, seeing this update time, everyone should know。。。。。。 There is a second update。。。。。。

(End of chapter)