Norio Ohga came to China again. This time, he came to Bing City. Sony's board of directors had agreed to sell all their AIWA shares to Feng Yu for 7.2 million USD.
The board of directors was satisfied with Norio Ohga's negotiation. They had managed to retain their brand's strategic alliance and prevent their competitors from rising. They also got rid of a heavy debt burden.
Also, the buyer was a Hua Xia person. He was a fan of their Japanese brand, and this made them proud. Hua Xia people were not good at doing business.
Heitaro Nakajima, the President of AIWA, also came to China with Norio Ohga. When he knew that Sony was going to abandon AIWA, he was disappointed and angry. He felt that Sony's higher-ups had no foresight. They could not see their hard work and could not see how good their new products were.
But no matter how much Norio Ohga objected, he still had to visit this new shareholder of AIWA. He hoped that he could continue to be the President of AIWA. He does not want this new shareholder to affect the company's strategy. This was the chance for AIWA to make a comeback!
… …
"Mr. Norio, welcome to China again. Have you brought the contract? Is it according to what I said? Is it in Chinese, English, and Japanese? "
"Of course. Someone else will look at the contract first. Let me introduce to you. This is the President of AIWA, Heitaro Nakajima. He is here with me to visit you. "
Heitaro Nakajima was a middle-aged man in his forties. He was quite energetic, but he was bald. His aura had changed, and he looked like a pervert. Feng Yu felt that this man was suitable to appear in Master Cang's movies!
"Mr Feng, nice to meet you. I am Heitaro Nakajima. I hope that we can work together to lead AIWA out of this predicament."
Heitaro Nakajima had said AIWA and not AIWA. These two words were pronounced in Chinese, and it was very clear. Feng Yu was unhappy that Heitaro Nakajima did not bow to him. But now, he was smiling.
Aiwa must change its name in the future. Aiwa was a good choice. The company's logo, Aiwa, must be changed from uppercase to lowercase. Feng Yu even wants to use "Aiwa" as the company's overseas logo.
This Heitaro Nakajima might be arrogant, but he is capable. Feng Yu likes capable people. My favorite Walkman brand from my previous life is going to be in my arms. This feeling is great!
"Mr. Yagyuu, you are too polite. I don't know if Mr. Oga had told you that I will not interfere with Aiwa Trading's operations. Whatever plans you have, you can continue with them. However, I have a request. Every time the company plans to mass-produce a new product, they must first give me a prototype. Only after I agree can they mass-produce it. "
Only this request? Heitaro Nakajima was overjoyed. This means Feng Yu will not replace him as the President, and the company will continue to develop according to his plans. After the company succeeds, he can tell Sony's shareholders that selling his company's shares was their biggest mistake!
Furthermore, Feng Yu wanted to see the prototype. Heitaro Nakajima felt that this young man wanted to be the first to get his hands on the new product. Heitaro Nakajima was very confident in the company's new product. Even the insiders felt that the product was good.
"Mr. Feng, this will not be a problem. AIWA will be introducing a new product in the second half of the year. I had also brought two prototypes as a gift to you."
Feng Yu looked at the prototypes. It was AIWA's classic J series model, and it was equipped with the D8 earphones that were well received by the users in Feng Yu's previous life. This was AIWA's new product?
A familiar melody sounded. Feng Yu thought it was Teresa Teng's. But it was a Japanese song. It should be one of Teresa Teng's covers. The sound quality was really good. As expected of Hi-Fi, it was really high fidelity.
"Mr. Heitaro Nakajima, AIWA had set up a company in Hong Kong. Are you intending to enter Hua Xia's Chinese market?"
"That's right. But the Hong Kong company is not only targeting China. It is also targeting Southeast Asia. Of course, we also have plans to set up a branch in Malaysia in the future. It will be set up at the end of this year or early next year. We had already started selecting locations in Malaysia."
Feng Yu rubbed his chin. He wanted to get the sales rights for the Chinese market after signing the contract. No matter if it was the Japanese or Hong Kong's Fu family, they could not compare to Feng Yu when it comes to controlling the Chinese market.
Since he had bought AIWA's shares, Feng Yu wanted to turn the company's losses into profits as soon as possible. He wanted to turn AIWA into Hua Xia's brand!
The 3 of them chatted for a while, and the lawyer who was in charge of reviewing the contract walked over to Feng Yu and whispered something to him.
Feng Yu noticed that Norio Ohga still understands English. So, he suggested to present the contract in three languages. This way, the contract would not be tampered with. This way, no matter which contract it was, it would be legally binding.
For this contract signing, Feng Yu hired a few professional lawyers to cross-check the contract. If there were any doubts, they must inform Feng Yu. Anyone who could find any loopholes in the contract, no matter if it was beneficial or detrimental to Feng Yu, will get a reward of at least 1,000 RMB and a maximum of 10,000 RMB.
With such a high reward, there will be people willing to take the risk. Everyone was serious and hoped to get this huge reward.
There were no problems with the Chinese language contract. But the Japanese and English language contract had some ambiguities. The main reason was that it restricted Feng Yu's rights.
Feng Yu pointed out the loopholes in the contract in front of Norio Ohga and Heitaro Nakajima. He will only sign the contract after they amend it.
Norio Ohga and Heitaro Nakajima looked at each other and asked their men to amend the contract. Although Heitaro Nakajima was one of Aiwa's shareholders and one of the founders, he was still one of Sony's leaders when Sony controlled Aiwa. This time, Sony had dumped Aiwa, and Norio Ohga's position in Sony was also taken over. This was to strengthen his position in Aiwa.
The lawyers had thought that Feng Yu would be easy to fool. After all, the last time they met, they noticed that Feng Yu does not have any opinions on Aiwa's management. But now, it seems that Feng Yu was very smart. At least, he was like this when it came to signing the contract.
The lawyers looked at the amended contract and felt that there were no problems. Feng Yu signed all 3 contracts and stamped his fingerprint. Norio Ohga represented Sony to sign the contract and stamped the seal. After the money was transferred to Sony's bank account, the contract became effective.
Feng Yu used Fu Guangzheng's Hong Kong bank account to transfer 7.2 million USD to Sony's bank account. This sum of money was used from the Fu family's overseas humidifiers and fans sales. Once the money was transferred to Tai Hua Trading's bank account, the USD would be converted to RMB. The banks were very overbearing.
Now, Feng Yu had officially invested in Aiwa, and it was the start of his invasion of the Japanese electronics companies … …
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