Chapter 160: Mitsubishi UFJ Changes
What can Soros bring to Nobuo Honyanagi?
In addition to the personal interests of $50 million, there is also the need to wave the flag on the side of the United States and exert some pressure on Stanley's side in public opinion. But most importantly, Nobuo Hiroyanagi thinks that Yongyi Katsunori has a trick up his sleeve, and he can use this opportunity to win over someone like Zhongshi as a help.
Before the official showdown with Yongyi Kedian, Nobuo Banyanagi decided to talk to the other party, first, to test the other party's tone and see if he could get some useful information; If the two can't convince each other, then they will urgently convene a board of directors to take the opportunity to negate each other's actions and suppress the other's growing prestige.
Nobuo is certain that Stanley is currently in a precarious situation, and the vast majority of institutions in the market are avoiding it for fear of being associated with the company. But the investment department in charge of Yongyi Kedian has to make a move at this time, which is a godsend for Nobuo Banyanagi.
"Yong Yijun, I need to talk to you about the proposal to invest in Stanley!" The next day, in the spacious office of Nobuo Hiroyanagi, he personally summoned Yongyi Kedian. There was no slightest greeting, and as soon as he came up, he was asking the teacher to ask for guilt.
Yongyi Kedian is in his fifties and is the backbone of the original UFJ Financial. Despite the poor management and heavy debts of UFJ Group, the investment performance of Yongyi Kedian is unique and has become one of the rare bright spots of UFJ Group. It is precisely because of this that he can be regarded by the Japanese Union faction as the next candidate to take the helm of Mitsubishi Japanese Union.
He was no longer young, his face was full of furrows, his cloudy eyes often showed a kind of listlessness, and only his jet-black hair could give a little vitality. But if you judge people by their appearance, you are very wrong. In fact, everyone who knows Yongyi Kedian knows that this is an energetic guy. And with thunderous means, he is a strong role in the investment department.
"What are you talking about?"
The respectful look on Yong Yi Kedian's face remained unchanged, but his words were unceremoniously, "If I'm not mistaken, this transaction has already been approved by Pan Liujun." Besides, this is a professional thing, even if I explain it, I'm afraid Pan Liujun won't be able to figure it out, right? ”
Nobuo's face immediately flushed. His temples throbbed faintly, and his hands unconsciously clenched into fists.
As an excellent banker, Nobuo Hayanagi is a big name in the field of business management. But when it comes to professional investment, he can only be regarded as a primary school student. Yong Yi Kedian ridiculed him as a layman, why couldn't he hear it?
The provocation of the superior is not common in the hierarchical Japanese company, so for the provocation of Yongyi Kedian, Nobuo Panyanagi was furious, no matter how to say that he is now the chairman and CEO. Do you need a subordinate to "hear your life" in front of you? But as soon as he thought of his intentions, Nobuo Hayanagi held back his anger and said as plainly as possible: "This is not the same as before, when I approved the acquisition of Stanley's shares, they were still an excellent company. But now they are on the verge of bankruptcy and their lives are hanging by a thread. If we buy such a company, then we will become a joke in the industry. ”
"I don't know if it's a joke, but I know what it means to copy the bottom!"
For Nobuo Kawayanagi's reaction. Yongyi Kedian was quite surprised, he originally thought that he had just said that. It's enough to make the other party turn against himself. But Nobuo Banyanagi suppressed his anger vividly, which made him feel a trace of vigilance in his heart, what was the other party thinking?
Although he didn't understand what he meant, he explained as best he could: "There's no doubt about Stanley being a good company in its own right. They were only in trouble temporarily, and the stock price fell sharply as a result. This is a great investment opportunity for us. When others panicked, I was greedy, and that's what I said. Besides, there will be risks everywhere in investment, if we give up possible returns because of risks, then what else do we need the investment department to do, it is better to store it in the bank and eat interest. ”
"Say so. If I ask Yongyijun to give up this acquisition plan, will Yongyijun not give up? Regarding Yongyi Kedian's explanation, Nobuo Banyanagi didn't pay attention to it at all, what he needed was the other party's callative attitude. At this time, his heart was very happy, his face seemed to be smiling, and he looked like he was holding a wisdom bead.
Seeing Nobuo Panyanagi's attitude, Yongyi Kedian sighed in his heart, but he refused to show weakness at all in his words, "Of course, this kind of investment opportunity is not something that can be encountered at any time. Besides, as long as we hedge on derivatives, the risk of this transaction will be greatly ......"
"Since I can't convince you!" Where would Nobuo listen to Yongyi Kedian's explanation, and with a wave of his hand, he stopped the other party from continuing, "I propose to convene an emergency board of directors to discuss matters related to investing in Stanley. Shareholders holding as little as 1% of the shares participate. Whatever resolution is made by the board of directors, the transaction will be executed in accordance with the resolution. How about it, Yongyi-kun, there's nothing wrong with it, right? ”
By convening such an enlarged board meeting before the shareholders' meeting, Nobuo Hayanagi intends to suppress the prestige of Yongyi Kedian on the one hand, and to test the shareholders who are still vacillating to see who they are leaning into.
The acquisition of a stake in Stanley was an excellent litmus test, especially for Zhongshi of Tianyu Fund, and it was impossible for such a well-known financier to support the idea. Otherwise, with the strength of Tianyu Fund, why not acquire such a company? Nobuo Banyanagi is already in the situation of a fiasco in the middle of the year.
It turns out that he hit this idea! Yongyi Kedian suddenly made up his mind and nodded, which was regarded as an expression of agreement. Naturally, he knew that the acquisition of shares in Stanley was a deal between him and Bell Stone. He also wanted to see if Zhong Shi would stand firmly on his side at the board meeting, as he had done in the deal.
Thanks to the development of modern technology, only half an hour later, the shareholders of the Mitsubishi UFJ Financial Group from all over the world were gathered. Of course, they didn't sit in the same room, but they all appeared in front of everyone via video call.
Similarly, Bell Stone appears on the screen. Although his expression was indifferent and expressionless. But he had already guessed what the situation was, and sighed secretly in his heart, Nobuo Banyanagi was really looking for death, if he wasn't so anxious to make the internal contradictions public, he could still sit until the shareholders' meeting at the end of the year. Now let it all be revealed. I'm afraid it won't take a month or two to leave.
The meeting was chaired by Nobuo Bonyanagi, who, after introducing the dispute with Yongyi Katsunori to the shareholders in fluent English, immediately said worriedly: "Shareholders, although some of you are not members of the board of directors. But the transaction value of this business is likely to exceed 10 billion dollars, and I think you have enough right to understand the cause and effect, and to choose whether or not to proceed with this business according to your own interests. All I need to be reminded is. According to the news from the United States, Stanley's internal cash flow has suffered a huge withdrawal, which is enough to show that their customers have lost confidence in them. And it is said that Stanley's internal bond losses have accounted for 20% of total assets, and the actual number may be more than that. In this case, I really can't find a reason to invest in a company that could go bankrupt at any time. I'm sure you'll be as puzzled and confused about this deal as I am. I would like to propose that negotiations with Stanley be suspended immediately and that the interests of shareholders be properly protected. ”
"Ladies and gentlemen, shareholders. First of all, I must admit that some of what Pan Liujun said is true. ”
When it was Yongyikedian's turn to defend himself, he unhurriedly agreed with the other party first, and then changed the conversation, "But what the gentlemen probably don't know yet is that Stanley has announced his transformation into a bank holding company, which means that they can get unlimited cash flow support from the Federal Reserve." But now their CEO tells me that among the conditions that the Fed has promised them. They have to get a lot of money to replenish their cash, or the Fed won't do it. That's our investment opportunity. I believe you know better than me what kind of company Stanley is, and you must know that even before the bankruptcy of the Kaminari brothers, there was no news of any major disadvantage or bankruptcy of this company, and the reason why it has fallen to this point is a manifestation of the extreme panic in the national banking industry. This panic suppressed the normal performance of Stanley stock, and it is precisely because of this. That's when I decided to buy Stanley's stock. I am confident that as long as this crisis passes, you will all see the benefits of this deal in three years' time. And of course, all of this will be shared! ”
Nobuo Panyanagi wanted to refute his words, but at this time, it was not good to tear his face, and he snorted coldly at the moment. He said: "Since the reasons for both of us have been clearly explained, then please take a stand on the shareholders." ”
Because it was a tens of billions of dollars at stake, shareholders naturally did not take a position so easily, and after asking a few questions one after another, they began to express their stance one by one.
Some of them knew the significance of this emergency board meeting, while others didn't, but even the most stupid people vaguely understood it after seeing the two almost-for-tat views. According to the order of voting, the major shareholders behind Nobuo Banyanagi and Yongyi Kedian have chosen to support them, which makes others a little more clear.
It's not about things, it's about people!
The situation soon became clear, with Nobuo Hiro's side receiving 41.75 percent support and Yongyi Katsunori's side receiving 38.35 percent. Of the remaining 19.90% of shareholders, 9.78% of the shares were held by those who were eligible to attend the meeting, and Zhongshi's Tianyu Fund accounted for 4.79%, which became the key to determining the outcome of the event.
By this time, the voting process had also entered a period of pause, and everyone realized that the critical time had come to distinguish the winner from the loser.
If Jongshi supports Yongyi Katsunori's side and the rest of the people support Nobuo Banyanagi, then Nobuo's side will still win. But the problem lies in Zhong Shi's identity, if such a financier chooses to support Yongyi Kedian, then other people are very likely to be moved. Since Zhongshi is bullish, it is very likely that this deal has good prospects.
Nobuo Banyanagi and Yongyi Kedian naturally understood this truth, and both of them looked at Zhong Shi in unison, waiting for his choice.
"I also know a little bit about the current situation of Stanley and Goodman. As far as I know, on Friday, Stanley and Huaxia Investment had just collapsed, and the two sides had a falling out. I think that if a sovereign fund like China AMC has its eye on Stanley, then Stanley must have something worth investing in. Zhong Shi said lightly, "It wasn't until Stanley announced that he would become a bank holding company that I understood what was going on. The U.S. government and the U.S. Federal Reserve will not allow such an institution to fail again, as it would completely destroy global confidence in the U.S. economy. Moreover, the core of the newly announced bailout plan of the US government is to protect such a large institution and restore market confidence. So I judged that this deal would be very promising. ”
After he finished speaking, he still maintained an indifferent look on his face, as if he had just said a trivial matter of inconsequentiality, not a huge transaction.
"What?"
When he heard "a place worth investing", Nobuo Banyanagi already knew Zhong Shi's choice, and he couldn't listen to it anymore under the shock of his heart, he knew that he had lost, completely defeated. Not only did they fail to stop the business, but they also lost the battle for the position of the next president and CEO.
Contrary to his pale, sweaty reaction, Yongyi Kedian was ecstatic and almost laughed out loud on the spot. As he struggled to restrain his "childish" appearance, his fists clenched tightly, his nails almost digging into his flesh, and his arms trembling slightly with extreme excitement. And all this, he himself did not realize.
In the ensuing voting process, two more shareholders chose Yongyi Kedian, maybe they did not support Yongyi Kedian, but chose to believe Zhongshi, but at this time, who cares?
Mitsubishi UFJ Financial officially announced the change of the sky after Zhongshi's statement! (To be continued......)
PS: Thank you book friend Huang Tianlong, let me go! Cast a monthly pass! It hasn't been long since I was busy with things at home, and there are more things at school, but the author will still insist on writing books, no matter what happens, I can't stop the pace of writing books, I hope more book friends will support this book, thank you~