Feng Yu thought that Masao Kameda owed a lot of money, and his passport was confiscated. But it turned out that Masao Kameda only owed about 10,000 RMB. What Black Dragon Corporation's representative in China? He did not even have 10,000 RMB.
Feng Yu gave him 30,000 RMB and asked him to redeem his passport and return to China to find out more information. Once he contacted the representative, he will immediately call Feng Yu. Feng Yu can invest in him anytime.
Of course, Feng Yu did not fully trust Masao Kameda. He called Fu Guangzheng again and asked if the Fu family had any connections in Japan to help him find out more about Black Dragon Corporation and Aiwa.
Aiwa had just cooperated with the Fu family's eldest son in Hong Kong at the end of last year to set up Aiwa Electronics. They wanted to expand their influence in China through Hong Kong.
Fu Guangzheng made a few calls and found out about Aiwa's current situation. After all, they had investigated Aiwa before they cooperated.
Aiwa was invested by Sony in 1987 and became a subsidiary of Sony. But it is independent from Sony's brand and operates on its own.
Unfortunately, because of the economic crisis, their products' market share had dropped year after year, and they had been making losses for many years. Even when Sony tried their best to salvage the situation, Aiwa's debts were still a few billion Yen, and the company's current market value was less than 1.2 billion Yen.
This was after the two years of improvements. Aiwa's lowest market value was only 800 million Yen a few years ago, and the company's debts were more than 10 billion Yen!
Sony was also interested in Aiwa's technologies and brand. They wanted to cooperate with Aiwa to compete with Panasonic and other brands. Japan's electronics industry was currently fighting for the top position in China, and they need more capable people to help them. Even if these people were sickly now, Aiwa had been successful in the past, and they still have the chance to be successful again.
But these two years, Sony's profits were not doing well, and Aiwa's President was still expanding his business. To complete his market share, Sony needed a large sum of funds.
But Feng Yu does not know how Aiwa's President managed to convince Sony to agree. Fu Guangzheng told Feng Yu that Aiwa might have the technologies and brand awareness, but they were still in the market now. If Feng Yu wanted to pull them up, he must be prepared to be pulled down anytime.
Others might not think highly of Aiwa, but Feng Yu thought highly of it. In 1993, Aiwa had made a comeback, and in 1994, Aiwa became the market leader in the Walkman market. Their annual sales were more than 160 billion Yen. This showed that Aiwa's President's strategy was successful.
Of course, this was based on Fu Guangzheng's investigation. Feng Yu still needed to know Masao Kameda's investigation before he can decide if he wants to negotiate with Sony to buy Aiwa's shares!
Feng Guangzheng had not heard about Guangzheng's information. of Guangzheng's of Fu's Guangzheng's Kameda 'Aiwa Kameda's uncle. Out that Long Guangzheng's Long that out. into Sony of Feng had to say, out out out out out of Out of Fu. Kameda's to to to to, and of Kamof.
The factories had been taken over by the banks, and the company was dissolved. The President had also disappeared. As for Masao Kameda, who Feng Yu had asked for help, there was no news. Feng Yu's rank was too low, and no one had noticed him before.
Feng Yu asked Fu Guangzheng to contact the higher-ups of Aiwa. He was interested in buying Aiwa's shares and asked if anyone was willing to sell.
But the results disappointed Feng Yu. The few higher-ups who owned the shares had no intentions of selling. They were the President's men, and they trusted Heitaro Nakajima. They felt that with Sony's help, Heitaro Nakajima would be able to lead them and Aiwa out of this predicament.
Feng Yu wanted to ask where did all of them get their confidence from? Don't you remember your company's layoffs a few years ago? You reduced the number of employees from 3,000 to 1,000. More than 60% of your employees were laid off!
Aiwa was once Japan's top Walkman manufacturer. It was because they had introduced BEE, and their sound quality was the best. Their products were popular in Japan. But in the end, they were still selling their shares because of their blind expansion. Now, Aiwa had become a subsidiary of Sony. Why were they still so stubborn?
Although Feng Yu knew that their persistence would pay off, and Aiwa would rise in the next two years, but Aiwa had entered the IT industry in 1995 and will decline again.
Luckily, Masao Kameda brought good news to Feng Yu. Sony's Deputy President will be coming to China in two days' time to check on Hua Xia's market. Masao Kameda also found out that this Deputy President was the one who had supported Aiwa to invest in Aiwa.
But now, it seems that Sony did not get what they deserved. This Deputy President was under a lot of pressure in Sony, and the shareholders were unhappy with him. Aiwa had been making losses for many years, and with the current economic downturn, even Sony's share prices had dropped.
Sony had tried to sell Aiwa's shares publicly, but only Panasonic and a few other Japanese companies were interested. Sony would rather suffer losses than to sell to their competitors.
At least Sony could still form an alliance with Panasonic, Toshiba, Sharp, etc., and control the Walkman market. This would be beneficial to the company's future.
Masao Kameda felt that if Feng Yu talked to Sony's Deputy President, as long as they maintained their alliance and continued to compete with Sony, he would be able to acquire Aiwa's shares at a fair price. Sony owned about 61% of Aiwa's shares, and two banks owned about 6% of Aiwa's shares.
Feng Yu's eyes brighten up. If he could acquire all of Aiwa's shares from Sony and the banks, then he would own 67% of the shares and become the controlling shareholder. He would be able to take over Aiwa!
Feng Yu calculated. Currently, Aiwa's market value was about 1.2 billion Yen. Based on the current exchange rate of Yen, it was about 8.4 million USD. Then to acquire 67% of Aiwa's shares, he would not even need 6 million USD.
6 million USD and he would be able to control the Walkman market leader in 2 years. The profits would be more than 100 million USD. This investment was worth it!
Feng Yu's eyes were flashing $signs. He wants to acquire Aiwa's shares from Sony. He wants to control this company!
… …
Fu Guangzheng and his father were sitting together. Both of them were deep in thought. Feng Yu had asked about Aiwa, and this made them worried. Although the company that was cooperating with Aiwa did not belong to Fu Guangzheng's father, it was Fu Guangzheng's eldest uncle's family. But the whole Fu family was linked together.
Fu Guangzheng and Fu Rongjing could not understand why Feng Yu wanted to acquire Aiwa's company. Could it be that Feng Yu had received some news from the higher-ups and knew that the Walkman market was going to be booming? If it was a good thing, then they need not worry.
Now, Fu Rongjing was thinking if they should join in the fray and make some money.
Fu Guangzheng advised his father to talk to his eldest uncle and buy out Hong Kong's Aiwa Electronics shares. This was a small company, and his eldest uncle should give him face.
Every investment Feng Yu made had high returns. Fu Guangzheng felt that this was a good opportunity, and he does not want to give it up.
… …
"Teacher, I would like to take a few days off. I know the exams are coming up, and I have something on. I will be back before the exams."
The next day, Feng Yu and Wu Chih-gang boarded the plane to Shanghai.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
